CIK: 0002011333
Total reported value
$814.2M
Reporting period: 2026-03-31 · Number of holdings: 348
VICTORY FINANCIAL GROUP, LLC disclosed 348 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $814.2M and a quarterly turnover rate of 17.8%.
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Victory Financial Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.035 — mathematically equivalent to about 29 equally-sized positions, well below its 348 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.33), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 17% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim IWY
+3.1% -$9.1M
Trim FVD
-38.3% -$5.6M
Add PYLD
+44.7% $6.3M
Trim XLK
-10.4% -$5.0M
Add RSPU
+302.2% $3.7M
Add SPEM
+54.2% $3.7M
Showing top 200 holdings (of 348 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IWY | Ishares Russell Top 200 Grow | ETF-Other | 14.14% | -1.48% | +3.14% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 5.75% | — | -10.13% | |
| 3 | IMCG | Ishares Morningstar Mid-cap | ETF-Other | 4.18% | — | +2.54% | |
| 4 | FDVV | Fidelity High Dividend ETF | ETF-Other | 3.72% | +0.25% | +12.88% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.27% | — | +7.05% | |
| 6 | IVLU | Ishares Msci International V | ETF-Other | 3.05% | +0.27% | +7.82% | |
| 7 | XLK | Ss Technology Select Sector | ETF-Tech | 2.94% | -0.70% | -10.39% | |
| 8 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 2.60% | +0.73% | +44.74% | |
| 9 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 2.38% | +0.04% | +0.96% | |
| 10 | NVDA | Nvidia CORP | Stock-Tech | 2.30% | -0.14% | +3.35% | |
| 11 | EVTR | Eaton Vance Total Return | ETF-Other | 2.04% | -0.33% | -10.24% | |
| 12 | SLYG | Ss Spdr S&p 600 Sc Gr ETF | ETF-Other | 1.94% | +0.17% | +9.20% | |
| 13 | AAPL | Apple INC | Stock-Tech | 1.79% | -0.16% | +0.69% | |
| 14 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 1.75% | +0.08% | +4.77% | |
| 15 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.59% | +0.05% | +5.38% | |
| 16 | FBND | Fidelity Total Bond ETF | ETF-Other | 1.36% | -0.23% | -12.09% | |
| 17 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 1.27% | +0.43% | +54.20% | |
| 18 | FVD | First Trust Value Line Dvd | ETF-Other | 1.18% | -0.74% | -38.31% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 0.83% | -0.35% | -5.72% | |
| 20 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.73% | — | +9.19% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.73% | — | +17.34% | |
| 22 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.72% | — | +27.20% | |
| 23 | TSLA | Tesla INC | Stock-Consumer Disc | 0.70% | — | +10.77% | |
| 24 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 0.66% | +0.18% | +32.97% | |
| 25 | JBND | Jpmorgan Active Bond ETF | ETF-Other | 0.66% | +0.66% | NEW | |
| 26 | AVGO | Broadcom INC | Stock-Tech | 0.65% | — | +7.22% | |
| 27 | VGIT | Vanguard Intermediate-term T | ETF-Other | 0.65% | — | +6.58% | |
| 28 | DIVO | Amplify Cwp Enhan Divid ETF | ETF-Other | 0.62% | — | +9.66% | |
| 29 | VCRB | Vanguard Core Bond ETF | ETF-Other | 0.60% | — | +6.99% | |
| 30 | RSPU | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.60% | +0.46% | +302.24% | |
| 31 | XLI | Ss Industrial Select Sector | ETF-Other | 0.58% | — | +2.46% | |
| 32 | CGDV | Cap Group Dividend Value | ETF-Other | 0.55% | — | +0.63% | |
| 33 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.55% | — | +8.13% | |
| 34 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.54% | — | +9.66% | |
| 35 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.51% | — | -1.59% | |
| 36 | VCLT | Vanguard Long-term CORP Bond | ETF-Corp Bonds | 0.46% | -0.25% | -32.85% | |
| 37 | XLV | Ss Health Care Select Sector | ETF-Other | 0.46% | -0.09% | -10.18% | |
| 38 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.45% | +0.06% | +30.00% | |
| 39 | FPEI | First Trust Institutional Pr | ETF-Other | 0.43% | — | +7.26% | |
| 40 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.42% | — | +0.25% | |
| 41 | HEQT | Simplify Hedged Equity ETF | ETF-Other | 0.42% | — | -0.55% | |
| 42 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 0.42% | -0.16% | -20.88% | |
| 43 | KORP | American Century Diversified | ETF-Other | 0.39% | +0.39% | NEW | |
| 44 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.38% | — | +0.25% | |
| 45 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.36% | — | +18.15% | |
| 46 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.34% | — | +8.10% | |
| 47 | ARKW | Ark Next Generation Internet | ETF-Other | 0.34% | — | +20.16% | |
| 48 | PVAL | Putnam Focused Lrg Cap Value | ETF-Other | 0.33% | +0.07% | +29.35% | |
| 49 | MDY | State Street Spdr S&p Midcap | ETF-Other | 0.32% | -0.10% | -24.17% | |
| 50 | MFSI | Mfs Active International | ETF-Other | 0.31% | — | +0.61% |
Performance for Q3 2026
+3.2%
Performance Last 4 Quarters
+20%
Based on 67% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 348 | $814.2M | 18 | |
| 2025-12-31 | 317 | $795.5M | 21 | |
| 2025-09-30 | 248 | $727.3M | 40 | |
| 2025-06-30 | 230 | $630.1M | 0 | |
| 2025-03-31 | 185 | $521.1M | 0 | |
| 2024-12-31 | 138 | $380.5M | 0 | |
| 2024-06-30 | 78 | $213.7M | 0 | |
| 2024-03-31 | 60 | $168.9M | 0 | |
| 2023-12-31 | 63 | $147.9M | 0 |
Victory Financial Group, LLC's most significant position changes for 2026-03-31: New buy: Jpmorgan Active Bond ETF (JBND); New buy: American Century Diversified (KORP); New buy: Matador Resources Co (MTDR); Sold out: Ishares Msci Eafe Small-cap (SCZ); New buy: Bondbloxx-ccc-usd Hy CORP Bd (XCCC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PYLD | Pimco Multisector Bond Actv | +0.7% | +44.74% | Add |
| 2 | RSPU | Invesco S&p 500 Equal Weight | +0.5% | +302.24% | Add |
| 3 | SPEM | State Street Sp Ptf Em ETF | +0.4% | +54.20% | Add |
| 4 | IVLU | Ishares Msci International V | +0.3% | +7.82% | Add |
| 5 | FDVV | Fidelity High Dividend ETF | +0.3% | +12.88% | Add |
| 6 | AVDV | Avantis Intl S/c Value ETF | +0.2% | +32.97% | Add |
| 7 | SLYG | Ss Spdr S&p 600 Sc Gr ETF | +0.2% | +9.20% | Add |
| 8 | STIP | Ishares 0-5 Year Tips Bond E | +0.2% | +110.15% | Add |
| 9 | MPC | Marathon Petroleum CORP | +0.1% | +76.46% | Add |
| 10 | POWL | Powell Industries INC | +0.1% | +0.21% | Add |
| 11 | PHYL | Pgim Active High Yield Bond | +0.1% | +84.41% | Add |
| 12 | VBR | Vanguard Small-cap Value ETF | +0.1% | +4.77% | Add |
| 13 | CAT | Caterpillar INC | +0.1% | +44.38% | Add |
| 14 | PVAL | Putnam Focused Lrg Cap Value | +0.1% | +29.35% | Add |
| 15 | INTU | Intuit INC | +0.1% | +370.77% | Add |
| 16 | XOM | Exxon Mobil CORP | +0.1% | +5.21% | Add |
| 17 | ORCL | Oracle CORP | +0.1% | +126.54% | Add |
| 18 | IUSG | Ishares Core S&p U.s. Growth | +0.1% | +84.26% | Add |
| 19 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.1% | +30.00% | Add |
| 20 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +5.38% | Add |
| 21 | IJR | Ishares Core S&p Small-cap E | 0% | +0.96% | Add |
| 22 | SLV | Ishares Silver Trust | -0.1% | -59.14% | Trim |
| 23 | XLV | Ss Health Care Select Sector | -0.1% | -10.18% | Trim |
| 24 | MDY | State Street Spdr S&p Midcap | -0.1% | -24.17% | Trim |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -20.43% | Trim |
| 26 | WFC | Wells Fargo & Co | -0.1% | -33.69% | Trim |
| 27 | NVDA | Nvidia CORP | -0.1% | +3.35% | Add |
| 28 | VOT | Vanguard Mid-cap Growth ETF | -0.2% | -26.06% | Trim |
| 29 | MOAT | Vaneck Morningstar Wide Moat | -0.2% | -20.88% | Trim |
| 30 | AAPL | Apple INC | -0.2% | +0.69% | Add |
| 31 | FBND | Fidelity Total Bond ETF | -0.2% | -12.09% | Trim |
| 32 | VCLT | Vanguard Long-term CORP Bond | -0.3% | -32.85% | Trim |
| 33 | EVTR | Eaton Vance Total Return | -0.3% | -10.24% | Trim |
| 34 | MSFT | Microsoft CORP | -0.4% | -5.72% | Trim |
| 35 | FLCC | Fed Hermes Large Cap Core | -0.4% | -81.03% | Trim |
| 36 | XLF | Ss Financial Select Sector | -0.4% | -93.08% | Trim |
| 37 | XLK | Ss Technology Select Sector | -0.7% | -10.39% | Trim |
| 38 | FVD | First Trust Value Line Dvd | -0.7% | -38.31% | Trim |
| 39 | IWY | Ishares Russell Top 200 Grow | -1.5% | +3.14% | Add |
| 40 | JBND | Jpmorgan Active Bond ETF | — | NEW | New buy |
| 41 | KORP | American Century Diversified | — | NEW | New buy |
| 42 | MTDR | Matador Resources Co | — | NEW | New buy |
| 43 | SCZ | Ishares Msci Eafe Small-cap | — | EXIT | Sold out |
| 44 | XCCC | Bondbloxx-ccc-usd Hy CORP Bd | — | NEW | New buy |
| 45 | APA | Apa CORP | — | NEW | New buy |
| 46 | DBEF | Xtrackers Msci Eafe Hedged E | — | EXIT | Sold out |
| 47 | DHC | Diversified Healthcare Trust | — | NEW | New buy |
| 48 | DFAI | Dimensional International Co | — | NEW | New buy |
| 49 | CMCSA | Comcast Corp-class A | — | NEW | New buy |
| 50 | SNOW | Snowflake INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-27 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-15 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-11 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
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