申告総資産額
$1561.2億
報告対象四半期: 2026-03-31 · 銘柄数: 2565
VICTORY CAPITAL MANAGEMENT INCは最新の13F報告書で2565件の保有を開示しました。申告期間は2026-03-31、保有総時価額は約$1561.2億、四半期回転率は33.6%です。
減少 MSFT
-17.9% -$23.4億
減少 AMZN
-30.6% -$21.1億
減少 LLY
-30.4% -$11.7億
減少 NVDA
-16.1% -$15.7億
減少 GOOGL
-21.3% -$10.9億
増加 ASML
+329.7% $5.9億
本季 Victory Capital 看似平淡無奇的分散配置，背後其實是一場精密的主動減倉——前十大重倉股幾乎全線減碼，尤其是微軟、亞馬遜、輝達、蘋果等科技領頭羊全被暗中出貨，換來的資金顯然並未回到這些熟悉的標的，而是散入千百支冷門股，意圖在科技股高位即將到來的修正前，搶先卡位落後補漲板塊，一場無聲的板塊挪移已經啟動。
這批交易背後押注的是 AI 狂潮降溫、資金從科技巨頭輪動到其餘類股的基本面拐點。Fed 降息時程不斷推遲，高利率環境持續壓縮成長股估值，Victory 大手筆砍科技、留價值，就是在賭資金行情告一段落、市場轉向業績真實支撐的傳產與工業。這局棋的勝負手在於：科技股修正時，這些分散的冷門股能否真的接棒上漲。
最大的罩門在於籌碼過度分散到幾近無效，即便前十大持股全數減碼，單一股票曝險仍微不足道，對整體績效的貢獻自然也被稀釋。一旦科技股意外續漲或 AI 行情再度點火，如此「雨露均霑」的配置反而會嚴重落後大盤，成為 Beta 屠殺下的砧板魚肉。更致命的是，低集中度策略若遇上資金集體撤離風險性資產，這 2410 檔持股中最先被市場掃出去的就是那些流動性不足的小型股，到時想逃都逃不掉。
このナラティブは公開されている届出データを基にAIが生成したもので、過去の活動のみを説明しています。情報提供のみを目的とし、投資助言ではありません。
上位2410銘柄を表示中（全2565銘柄）
| # | ティッカー | 発行体 | 資産子分類 | 比率 | 比率変動 | 持株数変化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 株式-IT | 3.66% | -0.45% | -16.08% | |
| 2 | AAPL | Apple INC | 株式-IT | 3.04% | -0.37% | -15.94% | |
| 3 | MSFT | Microsoft CORP | 株式-IT | 2.54% | -1.02% | -17.89% | |
| 4 | AMZN | Amazon.com INC | 株式-一般消費財 | 2.26% | -0.92% | -30.64% | |
| 5 | GOOGL | Alphabet Inc-cl A | 株式-通信サービス | 1.82% | -0.40% | -21.31% | |
| 6 | LLY | Eli Lilly & Co | 株式-ヘルスケア | 1.10% | -0.53% | -30.43% | |
| 7 | GOOG | Alphabet Inc-cl C | 株式-通信サービス | 1.06% | -0.09% | -11.30% | |
| 8 | AVGO | Broadcom INC | 株式-IT | 1.02% | -0.08% | -8.88% | |
| 9 | V | Visa Inc-class A Shares | 株式-金融 | 0.95% | -0.34% | -24.63% | |
| 10 | META | Meta Platforms Inc-class A | 株式-通信サービス | 0.95% | — | +28.15% | |
| 11 | BAC | Bank Of America CORP | 株式-金融 | 0.79% | -0.20% | -20.43% | |
| 12 | TFC | Truist Financial CORP | 株式-金融 | 0.79% | -0.10% | -15.73% | |
| 13 | LH | Labcorp Holdings INC | 株式-ヘルスケア | 0.79% | — | -13.62% | |
| 14 | CSCO | Cisco Systems INC | 株式-IT | 0.76% | -0.16% | -27.74% | |
| 15 | BJ | Bj's Wholesale Club Holdings | 株式-生活必需品 | 0.71% | — | -12.96% | |
| 16 | UPS | United Parcel Service-cl B | 株式-資本財 | 0.70% | -0.07% | -20.10% | |
| 17 | NRG | Nrg Energy INC | 株式-公益事業 | 0.67% | — | -6.65% | |
| 18 | AMD | Advanced Micro Devices | 株式-IT | 0.66% | -0.11% | -19.80% | |
| 19 | SNPS | Synopsys INC | 株式-IT | 0.65% | -0.08% | -6.99% | |
| 20 | MLM | Martin Marietta Materials | 株式-素材 | 0.62% | -0.24% | -33.15% | |
| 21 | UBER | Uber Technologies INC | 株式-資本財 | 0.58% | — | -7.51% | |
| 22 | NFLX | Netflix INC | 株式-通信サービス | 0.57% | +0.20% | +33.84% | |
| 23 | VRTX | Vertex Pharmaceuticals INC | 株式-ヘルスケア | 0.54% | -0.32% | -43.74% | |
| 24 | JNJ | Johnson & Johnson | 株式-ヘルスケア | 0.54% | — | -18.44% | |
| 25 | ACN | Accenture plc | 株式-IT | 0.53% | +0.36% | +262.22% | |
| 26 | APH | Amphenol Corp-cl A | 株式-IT | 0.52% | -0.13% | -23.88% | |
| 27 | NOW | Servicenow INC | 株式-IT | 0.51% | — | +97.22% | |
| 28 | RRX | Regal Rexnord CORP | 株式-資本財 | 0.50% | — | -26.18% | |
| 29 | TSLA | Tesla INC | 株式-一般消費財 | 0.49% | — | +6.59% | |
| 30 | MCHP | Microchip Technology INC | 株式-IT | 0.48% | — | -12.43% | |
| 31 | IBM | Intl Business Machines CORP | 株式-IT | 0.47% | -0.30% | -34.16% | |
| 32 | ASML | ASML Holding N.V. | 株式-IT | 0.46% | +0.38% | +329.71% | |
| 33 | PWR | Quanta Services INC | 株式-資本財 | 0.46% | -0.23% | -55.54% | |
| 34 | JPM | Jpmorgan Chase & Co | 株式-金融 | 0.46% | — | -4.41% | |
| 35 | UITB | Victoryshares Core Intermedi | ETF-その他 | 0.45% | — | — | |
| 36 | TJX | Tjx Companies INC | 株式-一般消費財 | 0.43% | — | -16.31% | |
| 37 | BKNG | Booking Holdings INC | 株式-一般消費財 | 0.43% | — | +9.46% | |
| 38 | FCX | Freeport-mcmoran INC | 株式-素材 | 0.42% | — | -35.62% | |
| 39 | CEG | Constellation Energy | 株式-公益事業 | 0.42% | — | +7.49% | |
| 40 | ADBE | Adobe INC | 株式-IT | 0.40% | — | +34.93% | |
| 41 | MA | Mastercard INC - A | 株式-金融 | 0.40% | -0.08% | -17.49% | |
| 42 | ISRG | Intuitive Surgical INC | 株式-ヘルスケア | 0.38% | -0.09% | -12.42% | |
| 43 | XOM | Exxon Mobil CORP | 株式-エネルギー | 0.38% | — | -14.39% | |
| 44 | HD | Home Depot INC | 株式-一般消費財 | 0.38% | — | -14.14% | |
| 45 | USFD | US Foods Holding CORP | 株式-生活必需品 | 0.36% | — | +26.19% | |
| 46 | KLAC | Kla CORP | 株式-IT | 0.36% | — | -31.87% | |
| 47 | BMY | Bristol-myers Squibb Co | 株式-ヘルスケア | 0.36% | — | +11.54% | |
| 48 | EME | Emcor Group INC | 株式-資本財 | 0.36% | — | -41.18% | |
| 49 | LOW | Lowe's Cos INC | 株式-一般消費財 | 0.35% | — | +0.42% | |
| 50 | ROST | Ross Stores INC | 株式-一般消費財 | 0.35% | — | -16.62% |
Q3 2026のパフォーマンス
+3.2%
直近4四半期のパフォーマンス
+23.7%
価格取得が可能な保有銘柄（報告価値の73%相当）に基づいています
| 四半期 | 銘柄数 | 時価総額 | 安定性 | 主要銘柄 |
|---|---|---|---|---|
| 2026-03-31 | 2565 | $1561.2億 | 34 | |
| 2025-12-31 | 2583 | $1772.0億 | 33 | |
| 2025-09-30 | 2579 | $1710.1億 | 64 | |
| 2025-06-30 | 3239 | $1550.7億 | 0 | |
| 2025-03-31 | 2748 | $977.4億 | 100 | |
| 2024-12-31 | 2746 | $1017.3億 | 0 | |
| 2024-09-30 | 2765 | $1038.1億 | 0 | |
| 2024-06-30 | 2753 | $997.5億 | 0 | |
| 2024-03-31 | 2753 | $1024.3億 | 0 | |
| 2023-12-31 | 2823 | $950.6億 | 0 | |
| 2023-09-30 | 2805 | $870.0億 | 0 | |
| 2023-06-30 | 2799 | $909.3億 | 0 | |
| 2023-03-31 | 2874 | $890.4億 | 0 | |
| 2022-12-31 | 2863 | $869.1億 | 0 | |
| 2022-09-30 | 2979 | $856.9億 | 0 | |
| 2022-06-30 | 2972 | $877.8億 | 0 | |
| 2022-03-31 | 3003 | $999.6億 | 0 | |
| 2021-12-31 | 3052 | $1087.0億 | 0 | |
| 2021-09-30 | 3058 | $1021.2億 | 0 | |
| 2021-06-30 | 3030 | $1041.6億 | 97 | |
| 2021-03-31 | 3043 | $975.9億 | 25 | |
| 2020-12-31 | 2837 | $897.6億 | 26 | |
| 2020-09-30 | 2787 | $779.1億 | 23 | |
| 2020-06-30 | 2796 | $738.4億 | 36 | |
| 2020-03-31 | 4040 | $596.4億 | 43 | |
| 2019-12-31 | 2932 | $823.7億 | 23 | |
| 2019-09-30 | 4099 | $777.2億 | 61 | |
| 2019-06-30 | 2136 | $495.8億 | 30 | |
| 2019-03-31 | 2087 | $439.5億 | 31 | |
| 2018-12-31 | 2197 | $398.4億 | 33 | |
| 2018-09-30 | 3147 | $484.7億 | 29 | |
| 2018-06-30 | 3213 | $469.9億 | 27 | |
| 2018-03-31 | 2217 | $458.4億 | 26 | |
| 2017-12-31 | 2203 | $475.1億 | 28 | |
| 2017-09-30 | 2127 | $445.1億 | 27 | |
| 2017-06-30 | 2118 | $427.2億 | 27 | |
| 2017-03-31 | 2108 | $420.1億 | 30 | |
| 2016-12-31 | 2339 | $396.4億 | 38 | |
| 2016-09-30 | 2107 | $357.1億 | 55 | |
| 2016-06-30 | 2970 | $250.0億 | 32 | |
| 2016-03-31 | 2919 | $242.1億 | 32 | |
| 2015-12-31 | 2722 | $240.8億 | 33 | |
| 2015-09-30 | 3039 | $242.7億 | 32 | |
| 2015-06-30 | 2859 | $270.2億 | 51 | |
| 2015-03-31 | 1851 | $278.4億 | 52 | |
| 2014-12-31 | 1929 | $271.3億 | 95 | |
| 2014-09-30 | 1225 | $132.7億 | 26 | |
| 2014-06-30 | 1191 | $147.5億 | 29 | |
| 2014-03-31 | 1233 | $147.4億 | 33 | |
| 2013-12-31 | 1256 | $141.8億 | 30 | |
| 2013-09-30 | 1927 | $139.4億 | 0 |
Victory Capital Management INCの2026-03-31時点における主要なポジション変更： 新規購入: BW LPG Limited (BWLP); 減少: Microsoft CORP (MSFT) — 保有株数 -17.89%; 減少: Amazon.com INC (AMZN) — 保有株数 -30.64%; 減少: Eli Lilly & Co (LLY) — 保有株数 -30.43%; 減少: Nvidia CORP (NVDA) — 保有株数 -16.08%.
| # | ティッカー | 発行体 | 比率変動 | 持株数変化 | アクション |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | +0.4% | +329.71% | 増加 |
| 2 | ACN | Accenture plc | +0.4% | +262.22% | 増加 |
| 3 | CRH | CRH plc | +0.2% | +1805.68% | 増加 |
| 4 | WMT | Walmart INC | +0.2% | +107.35% | 増加 |
| 5 | NFLX | Netflix INC | +0.2% | +33.84% | 増加 |
| 6 | IEX | Idex CORP | +0.2% | +6890.04% | 増加 |
| 7 | 6D8 | Dupont De Nemours INC | +0.2% | +4275.39% | 増加 |
| 8 | TTC | Toro Co | +0.2% | +20402.25% | 増加 |
| 9 | ETN | Eaton Corporation plc | +0.2% | +133.14% | 増加 |
| 10 | CACI | Caci International INC -cl A | +0.2% | +428.92% | 増加 |
| 11 | SLB | Slb LTD | +0.2% | +109.88% | 増加 |
| 12 | RVTY | Revvity INC | +0.2% | +1108.18% | 増加 |
| 13 | SPOT | Spotify Technology S.A. | +0.2% | +1000.86% | 増加 |
| 14 | UPS | United Parcel Service-cl B | -0.1% | -20.10% | 減少 |
| 15 | AVGO | Broadcom INC | -0.1% | -8.88% | 減少 |
| 16 | SNPS | Synopsys INC | -0.1% | -6.99% | 減少 |
| 17 | MA | Mastercard INC - A | -0.1% | -17.49% | 減少 |
| 18 | GOOG | Alphabet Inc-cl C | -0.1% | -11.30% | 減少 |
| 19 | ISRG | Intuitive Surgical INC | -0.1% | -12.42% | 減少 |
| 20 | TFC | Truist Financial CORP | -0.1% | -15.73% | 減少 |
| 21 | AMAT | Applied Materials INC | -0.1% | -48.82% | 減少 |
| 22 | GS | Goldman Sachs Group INC | -0.1% | -29.44% | 減少 |
| 23 | INTU | Intuit INC | -0.1% | +5.47% | 増加 |
| 24 | AMD | Advanced Micro Devices | -0.1% | -19.80% | 減少 |
| 25 | PINS | Pinterest Inc- Class A | -0.1% | -14.68% | 減少 |
| 26 | CAH | Cardinal Health INC | -0.1% | -48.60% | 減少 |
| 27 | APH | Amphenol Corp-cl A | -0.1% | -23.88% | 減少 |
| 28 | CME | Cme Group INC | -0.1% | -52.97% | 減少 |
| 29 | CSCO | Cisco Systems INC | -0.2% | -27.74% | 減少 |
| 30 | AEP | American Electric Power | -0.2% | -53.43% | 減少 |
| 31 | DIS | Walt Disney Co/the | -0.2% | -42.41% | 減少 |
| 32 | STT | State Street CORP | -0.2% | -56.78% | 減少 |
| 33 | TXT | Textron INC | -0.2% | -85.11% | 減少 |
| 34 | BAC | Bank Of America CORP | -0.2% | -20.43% | 減少 |
| 35 | PFGC | Performance Food Group Co | -0.2% | -91.13% | 減少 |
| 36 | PWR | Quanta Services INC | -0.2% | -55.54% | 減少 |
| 37 | MLM | Martin Marietta Materials | -0.2% | -33.15% | 減少 |
| 38 | HBAN | Huntington Bancshares INC | -0.2% | -64.71% | 減少 |
| 39 | HO1 | Hologic INC | -0.2% | -98.91% | 減少 |
| 40 | APO | Apollo Global Management INC | -0.3% | -58.37% | 減少 |
| 41 | IBM | Intl Business Machines CORP | -0.3% | -34.16% | 減少 |
| 42 | VRTX | Vertex Pharmaceuticals INC | -0.3% | -43.74% | 減少 |
| 43 | V | Visa Inc-class A Shares | -0.3% | -24.63% | 減少 |
| 44 | AAPL | Apple INC | -0.4% | -15.94% | 減少 |
| 45 | GOOGL | Alphabet Inc-cl A | -0.4% | -21.31% | 減少 |
| 46 | NVDA | Nvidia CORP | -0.5% | -16.08% | 減少 |
| 47 | LLY | Eli Lilly & Co | -0.5% | -30.43% | 減少 |
| 48 | AMZN | Amazon.com INC | -0.9% | -30.64% | 減少 |
| 49 | MSFT | Microsoft CORP | -1% | -17.89% | 減少 |
| 50 | BWLP | BW LPG Limited | — | NEW | 新規購入 |
運用資産(AUM)が近い機関
CIK 0001283718
申告総資産額
$1550.3億
1,680 stks
2026-03-31
運用資産規模の差はわずか0.7%
CIK 0001475365
申告総資産額
$1544.7億
1,047 stks
2026-03-31
運用資産規模の差はわずか1.1%
CIK 0001141802
申告総資産額
$1624.3億
4,113 stks
2026-03-31
運用資産規模の差はわずか4.0%
上位保有銘柄が重なる機関
CIK 0000002230
申告総資産額
$28.4億
99 stks
2026-03-31
上位5銘柄のうち5銘柄が重複、Nvidia CORPも共通保有
CIK 0000038777
申告総資産額
$4083.0億
14,782 stks
2026-03-31
上位5銘柄のうち5銘柄が重複、Nvidia CORPも共通保有
CIK 0000073124
申告総資産額
$7565.8億
19,864 stks
2026-03-31
上位5銘柄のうち5銘柄が重複、Nvidia CORPも共通保有