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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Victory Capital Holdings Inc | NASDAQ:VCTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-3.56 | -6.81% | 48.69 | 48.65 | 48.68 | 50.94 | 45.85 | 50.94 | 572,027 | 18:56:48 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. | Other Events. |
On March 11, 2024, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of February 29, 2024. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Description | |
99.1 | Press release reporting February AUM dated March 11, 2024. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
- 2 -
SIGNATURE(S)
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VICTORY CAPITAL HOLDINGS, INC. | ||||||
Date: March 11, 2024 | By: | /s/ MICHAEL D. POLICARPO | ||||
Name: | Michael D. Policarpo | |||||
Title: | President, Chief Financial Officer and Chief Administrative Officer |
- 3 -
Exhibit 99.1
News Release |
Victory Capital Reports February 2024 Total Client Assets
San Antonio, Texas, March 11, 2024 Victory Capital Holdings, Inc. (NASDAQ: VCTR) (Victory Capital or the Company) today reported Total Assets Under Management (AUM) of $164.9 billion, Other Assets of $5.5 billion, and Total Client Assets of $170.3 billion, as of February 29, 2024.
For the month of February, Average Total Assets Under Management was $162.8 billion, average Other Assets was $5.3 billion, and average Total Client Assets was $168.1 billion.
Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
As of: | ||||||||
Feb 29, 2024 | Jan 31, 2024 | |||||||
By Asset Class |
||||||||
Solutions |
$ | 56,356 | $ | 54,610 | ||||
Fixed Income |
24,217 | 24,307 | ||||||
U.S. Mid Cap Equity |
31,300 | 29,977 | ||||||
U.S. Small Cap Equity |
15,699 | 15,249 | ||||||
U.S. Large Cap Equity |
13,501 | 12,800 | ||||||
Global / Non-U.S. Equity |
17,050 | 16,492 | ||||||
Alternative Investments |
3,411 | 3,446 | ||||||
|
|
|
|
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Total Long-Term Assets |
$ | 161,533 | $ | 156,881 | ||||
Money Market / Short Term Assets |
3,330 | 3,294 | ||||||
|
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|
|
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Total Assets Under Management2 |
$ | 164,863 | $ | 160,174 | ||||
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By Vehicle |
||||||||
Mutual Funds3 |
$ | 110,832 | $ | 107,923 | ||||
Separate Accounts and Other Pooled Vehicles4 |
49,024 | 47,360 | ||||||
ETFs5 |
5,007 | 4,891 | ||||||
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|
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Total Assets Under Management |
$ | 164,863 | $ | 160,174 | ||||
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Other Assets6 |
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Institutional |
$ | 5,471 | $ | 5,322 | ||||
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Total Other Assets |
$ | 5,471 | $ | 5,322 | ||||
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Total Client Assets |
||||||||
Total Assets Under Management |
$ | 164,863 | $ | 160,174 | ||||
Total Other Assets |
5,471 | 5,322 | ||||||
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|
|
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Total Client Assets |
$ | 170,334 | $ | 165,496 | ||||
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1 | Due to rounding, numbers presented in these tables may not add up precisely to the totals provided. |
2 | Total AUM includes both discretionary asset under management and non-discretionary assets under advisement and excludes Other Assets. |
3 | Includes institutional and retail share classes, money market and VIP funds. |
4 | Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles. |
5 | Represents only ETF assets held by third parties. Excludes ETF assets held by other Victory Capital products. |
6 | Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class and in Separate Accounts and Other Pooled Vehicles. Prior-period values have been restated accordingly. These assets are included as part of Victorys Regulatory Assets Under Management reported in Form ADV Part 1. |
About Victory Capital
Victory Capital is a diversified global asset management firm with total assets under management of $164.9 billion, and $170.3 billion in total client assets, as of February 29, 2024. The Company employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.
Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.
Contacts
Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com
Media:
Jessica Davila
Director of Global Communications
210-694-9693
Jessica_davila@vcm.com
Document and Entity Information |
Mar. 11, 2024 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001570827 |
Document Type | 8-K |
Document Period End Date | Mar. 11, 2024 |
Entity Registrant Name | Victory Capital Holdings, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-38388 |
Entity Tax Identification Number | 32-0402956 |
Entity Address, Address Line One | 15935 La Cantera Parkway |
Entity Address, City or Town | San Antonio |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 78256 |
City Area Code | (216) |
Local Phone Number | 898-2400 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, Par Value $0.01 |
Trading Symbol | VCTR |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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