Vanguard Group Increases Stake in Victory Capital Holdings

The Vanguard Group has filed an amendment to its Schedule 13G, disclosing an increased ownership of 7.1% in Victory Capital Holdings Inc. The filing, dated October 31, 2025, reveals that Vanguard now holds 4,741,715 shares, an increase of 515,845 shares from its previous filing. This represents a 12.21% increase in shares and a 9.74% increase in the value of the holdings, now totaling $295,266,593.05. The shares are held on behalf of Vanguard's clients, including investment companies and managed accounts, with no single client owning more than 5% of the shares. The filing certifies that the shares were acquired in the ordinary course of business and not for the purpose of influencing the control of Victory Capital Holdings.