Generalist · San Antonio, TX
Victory Capital Management
Q1 2025 · compared with Q4 2024
Filed as Victory Capital Management INC
- Software
- $7.1B
- Weight of 13F
- 7.4%
- Names
- 174
- Net bought
- +$303M
Filed 2 May 2025 · SEC filing.
2,439 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 2026183 names$15.4B+$1.2B
- Q1 2026182 names$13.5B+$618M
- Q4 2025183 names$16.7B+$2.5B
- Q3 2025182 names$17.5B+$1.2B
- Q2 2025177 names$16.9B+$6.5B
- Q1 2025174 names$7.1B+$303M
- Q4 2024170 names$7.5B+$386M
- Q3 2024165 names$6.9B−$10.4M
- Q2 2024164 names$6.9B+$497M
- Q1 2024161 names$6.3B+$209M
- Q4 2023163 names$5.7B+$153M
- Q3 2023160 names$4.7B−$78.6M
- Q2 2023157 names$5.0B−$76.2M
- Q1 2023159 names$4.5B−$469M
- Q4 2022153 names$4.5B−$178M
- Q3 2022156 names$4.4B+$345M
- Q2 2022148 names$4.8B+$33.4M
- Q1 2022147 names$5.6B−$190M
- Q4 2021153 names$6.9B−$495M
- Q3 2021150 names$7.1B+$83.1M
- Q2 2021140 names$7.0B+$1.6B
- Q1 2021133 names$6.6B+$272M
- Q4 2020121 names$6.8B−$126M
- Q3 2020114 names$6.0B−$119M
- Q2 2020108 names$5.6B−$232M
- Q1 2020127 names$4.3B−$299M
- Q4 2019127 names$5.4B−$248M
- Q3 2019120 names$4.8B+$2.4B
- Q2 201961 names$2.6B+$59.7M
- Q1 201963 names$2.3B−$21.8M
- Q4 201860 names$1.8B−$35.0M
- Q3 201856 names$2.1B+$30.2M
- Q2 201857 names$1.8B−$80.7M
- Q1 201856 names$1.7B−$59.9M
- Q4 201756 names$1.6B+$108M
- Q3 201753 names$1.5B−$36.1M
- Q2 201753 names$1.4B−$132M
- Q1 201752 names$1.4B−$96.6M
- Q4 201652 names$1.4B+$109M
- Q3 201650 names$1.3B+$488M
- Q2 201642 names$632M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT5,596,392 shares · 29.4% of their software · price −$258M$2.1B−$65.8M
- TrimbleTRMB5,398,084 shares · 5.0% of their software · price −$27.0M$354M−$18.9M
- Check PointCHKP1,304,551 shares · 4.2% of their software · price +$53.8M$297M+$235M
- AkamaiAKAM3,559,183 shares · 4.0% of their software · price −$53.9M$287M−$8.8M
- AdobeADBE558,088 shares · 3.0% of their software · price −$34.1M$214M+$15.6M
- Automatic Data Processing, Inc.ADP632,299 shares · 2.7% of their software · price +$8.1M$193M+$13.9M
- IntuitINTU275,137 shares · 2.4% of their software · price −$4.0M$169MFlat
- ServiceNowNOW201,815 shares · 2.2% of their software · price −$53.3M$161M−$6.3M
- Palo Alto NetworksPANW923,498 shares · 2.2% of their software · price −$10.5M$158MFlat
- PalantirPLTR1,836,547 shares · 2.2% of their software · price +$16.1M$155M+$9.9M
- FortinetFTNT1,437,254 shares · 1.9% of their software · price +$2.6M$138M−$5.2M
- SalesforceCRM506,104 shares · 1.9% of their software · price −$33.4M$136MFlat
- OracleORCL866,946 shares · 1.7% of their software · price −$23.3M$121M+$4.3M
- AppLovinAPP420,725 shares · 1.6% of their software · price −$24.8M$111M+$25.9M
- ZoomZM1,405,311 shares · 1.5% of their software · price −$11.0M$104M+$62.4M
- NetApp, Inc.NTAP1,141,117 shares · 1.4% of their software · price −$32.2M$100M+$47.2M
- Fiserv, Inc.FISV444,483 shares · 1.4% of their software · price +$6.8M$98.2M+$11.1M
- CadenceCDNS383,785 shares · 1.4% of their software · price −$17.7M$97.6MFlat
- Uber Technologies, Inc.UBER1,296,932 shares · 1.3% of their software · price +$16.3M$94.5MFlat
- SynopsysSNPS215,001 shares · 1.3% of their software · price −$12.1M$92.2M+$9.1M
- SS&CSSNC1,078,822 shares · 1.3% of their software · price +$8.4M$90.1M−$28.5M
- CrowdStrikeCRWD234,566 shares · 1.2% of their software · price +$2.4M$82.7M−$19.9M
- AutodeskADSK309,583 shares · 1.1% of their software · price −$10.5M$81.0M−$1.6M
- NCR Atleos CorporationNATL2,781,877 shares · 1.0% of their software · price −$21.0M$73.4MFlat
- EVERTEC, Inc.EVTC1,967,622 shares · 1.0% of their software · price +$4.4M$72.3M−$1.1M
- Corpay, Inc.CPAY206,313 shares · 1.0% of their software · price +$2.1M$71.9M+$3.7M
- SnowflakeSNOW453,023 shares · 0.9% of their software · price −$3.7M$66.2M+$7.6M
- Fair IsaacFICO33,660 shares · 0.9% of their software · price −$4.9M$62.1M−$6.8M
- DocuSignDOCU734,588 shares · 0.8% of their software · price −$6.3M$59.8M+$47.2M
- Euronet Worldwide, Inc.EEFT530,306 shares · 0.8% of their software · price +$2.1M$56.7M−$880K
- F5, Inc.FFIV199,246 shares · 0.7% of their software · price +$2.9M$53.1M+$10.5M
- The Trade DeskTTD951,341 shares · 0.7% of their software · price −$59.8M$52.1M−$46.8M
- Roper Technologies, Inc.ROP87,634 shares · 0.7% of their software · price +$6.1M$51.7MFlat
- Strategy IncMSTR176,399 shares · 0.7% of their software$50.9M+$9.9M
- Paychex, Inc.PAYX318,869 shares · 0.7% of their software · price +$4.5M$49.2M−$14.8M
- VeriskVRSK150,537 shares · 0.6% of their software · price +$3.3M$44.8M−$821K
- Amdocs LimitedDOX484,655 shares · 0.6% of their software · price +$3.1M$44.3M−$714K
- WorkdayWDAY171,692 shares · 0.6% of their software · price −$4.2M$40.1M+$1.4M
- GoDaddyGDDY211,604 shares · 0.5% of their software · price −$3.6M$38.1M+$2.4M
- PaylocityPCTY177,979 shares · 0.5% of their software · price −$2.2M$33.3M+$4.0M
- Q2QTWO405,501 shares · 0.5% of their software · price −$8.4M$32.4M+$14.7M
- Payoneer Global Inc.PAYO4,395,656 shares · 0.4% of their software · price −$12.0M$32.1M+$14.7M
- ACI WorldwideACIW579,467 shares · 0.4% of their software · price +$1.6M$31.7M+$4.3M
- VaronisVRNS683,287 shares · 0.4% of their software · price −$2.7M$27.6M−$844K
- Gen DigitalGEN1,006,843 shares · 0.4% of their software · price −$846K$26.7M+$12.3M
- CoStarCSGP337,200 shares · 0.4% of their software · price +$2.6M$26.7M−$22.8M
- AtlassianTEAM125,784 shares · 0.4% of their software · price −$3.9M$26.7M+$1.2M
- DatadogDDOG267,380 shares · 0.4% of their software · price −$11.7M$26.5M+$1.6M
- ZscalerZS115,177 shares · 0.3% of their software · price +$2.1M$22.9M+$882K
- BoxBOX650,713 shares · 0.3% of their software$20.1M+$2.2M
- Clear Secure, Inc.YOU766,503 shares · 0.3% of their software · price −$560K$19.9M+$749K
- GitLabGTLB410,444 shares · 0.3% of their software · price −$3.8M$19.3M−$2.8M
- DropboxDBX716,354 shares · 0.3% of their software · price −$2.4M$19.1MFlat
- BroadridgeBR75,544 shares · 0.3% of their software · price +$1.2M$18.3M+$6.1M
- Tyler TechnologiesTYL29,437 shares · 0.2% of their software$17.1MFlat
- VeevaVEEV71,497 shares · 0.2% of their software · price +$1.5M$16.6M+$563K
- HubSpotHUBS26,862 shares · 0.2% of their software · price −$3.4M$15.3M+$1.3M
- AppFolioAPPF69,607 shares · 0.2% of their software · price −$1.9M$15.3M−$1.8M
- DynatraceDT311,289 shares · 0.2% of their software · price −$2.2M$14.7M−$1.2M
- VeriSign, Inc.VRSN51,027 shares · 0.2% of their software · price +$2.4M$13.0M−$1.9M
- BrazeBRZE343,920 shares · 0.2% of their software · price −$2.0M$12.4M+$3.9M
- ePlus inc.PLUS198,729 shares · 0.2% of their software · price −$2.6M$12.1M+$2.0M
- ServiceTitanTTAN121,850 shares · 0.2% of their software · price −$946K$11.6M+$2.1M
- FreshworksFRSH803,423 shares · 0.2% of their software · price −$1.7M$11.3M+$12.6M
- PTCPTC72,628 shares · 0.2% of their software · price −$2.1M$11.3MFlat
- PhreesiaPHR421,820 shares · 0.2% of their software$10.8MNew · +$10.6M
- FactSetFDS21,957 shares · 0.1% of their software · price −$563K$10.0M−$2.4M
- NICENICE64,498 shares · 0.1% of their software · price −$1.0M$9.9M−$4.8M
- Block, Inc.XYZ181,109 shares · 0.1% of their software · price −$5.6M$9.8M−$1.2M
- MongoDBMDB55,157 shares · 0.1% of their software · price −$3.2M$9.7M−$546K
- DuolingoDUOL29,285 shares · 0.1% of their software$9.1M+$7.0M
- Shift4 Payments, Inc.FOUR109,076 shares · 0.1% of their software · price −$2.4M$8.9M−$5.3M
- CloudflareNET78,459 shares · 0.1% of their software$8.8MFlat
- CommvaultCVLT54,148 shares · 0.1% of their software$8.5M+$1.5M
- NutanixNTNX116,452 shares · 0.1% of their software · price +$1.0M$8.1M−$2.3M
- Life360, Inc.LIF189,645 shares · 0.1% of their software · price −$546K$7.3M+$7.5M
- ProgressPRGS133,401 shares · 0.1% of their software · price −$1.8M$6.9M−$1.1M
- Upbound Group, Inc.UPBD279,737 shares · 0.1% of their software · price −$1.5M$6.7MFlat
- WaystarWAY178,024 shares · 0.1% of their software$6.7M+$4.1M
- A10 Networks, Inc.ATEN385,332 shares · 0.1% of their software · price −$794K$6.3M+$3.9M
- PegasystemsPEGA89,627 shares · 0.1% of their software · price −$2.1M$6.2M+$2.7M
- DoximityDOCS107,082 shares · 0.1% of their software$6.2M+$3.9M
- Manhattan AssociatesMANH31,458 shares · 0.1% of their software · price −$3.1M$5.4MFlat
- ProcorePCOR81,397 shares · 0.1% of their software · price −$725K$5.4MFlat
- Bentley SystemsBSY134,134 shares · 0.1% of their software · price −$987K$5.3M+$2.2M
- MorningstarMORN17,302 shares · 0.1% of their software · price −$638K$5.2MFlat
- Alarm.com Holdings, Inc.ALRM87,061 shares · 0.1% of their software$4.8MFlat
- Alight, Inc.ALIT798,199 shares · 0.1% of their software · price −$790K$4.7M−$40.9M
- RingCentralRNG179,855 shares · 0.1% of their software · price −$1.8M$4.5M+$1.9M
- ToastTOST130,046 shares · 0.1% of their software$4.3MFlat
- Lyft, Inc.LYFT350,043 shares · 0.1% of their software$4.2M+$2.3M
- PaycomPAYC18,809 shares · 0.1% of their software$4.1M+$2.2M
- NetScout Systems, Inc.NTCT194,631 shares · 0.1% of their software$4.1M+$2.5M
- SimilarwebSMWB493,370 shares · 0.1% of their software · price −$2.9M$4.1M+$901K
- QualysQLYS31,622 shares · 0.1% of their software$4.0M+$1.1M
- OktaOKTA35,494 shares · 0.1% of their software · price +$938K$3.7M+$1.1M
- Intapp, Inc.INTA63,089 shares · 0.1% of their software$3.7M+$3.5M
- Clearwater AnalyticsCWAN137,108 shares · 0.1% of their software$3.7M—
- DoubleVerifyDV267,105 shares · 0.0% of their software · price −$1.6M$3.6M+$1.2M
- VertexVERX96,672 shares · 0.0% of their software · price −$1.8M$3.4M+$2.8M
- TeradataTDC142,448 shares · 0.0% of their software · price −$1.2M$3.2M−$30.7M
- GuidewireGWRE15,444 shares · 0.0% of their software$2.9MFlat
- InterDigital, Inc.IDCC13,782 shares · 0.0% of their software$2.8MFlat
- AvePointAVPT189,770 shares · 0.0% of their software$2.7M+$2.9M
- Immersion CorporationIMMR340,295 shares · 0.0% of their software$2.6MFlat
- Bitdeer Technologies GroupBTDR282,065 shares · 0.0% of their software · price −$3.6M$2.5MNew · +$6.1M
- Ribbon Communications Inc.RBBN605,306 shares · 0.0% of their software$2.4MFlat
- TwilioTWLO23,196 shares · 0.0% of their software$2.3M+$584K
- WixWIX13,643 shares · 0.0% of their software · price −$698K$2.2MFlat
- GigaCloud Technology Inc.GCT137,855 shares · 0.0% of their software · price −$596K$2.0M+$1.2M
- SamsaraIOT48,198 shares · 0.0% of their software$1.8M−$1.2M
- ZoomInfoZI184,736 shares · 0.0% of their software$1.8M—
- UiPathPATH171,400 shares · 0.0% of their software$1.8M+$1.5M
- i3 Verticals, Inc.IIIV71,373 shares · 0.0% of their software$1.8MFlat
- LiveRamp Holdings, Inc.RAMP62,474 shares · 0.0% of their software$1.6M+$1.0M
- ElasticESTC18,189 shares · 0.0% of their software$1.6M+$748K
- SPS CommerceSPSC11,576 shares · 0.0% of their software · price −$593K$1.5MFlat
- CourseraCOUR226,766 shares · 0.0% of their software$1.5M+$1.0M
- Ibotta, Inc.IBTA34,718 shares · 0.0% of their software · price −$794K$1.5MNew · +$2.3M
- Donnelley Financial Solutions, Inc.DFIN32,727 shares · 0.0% of their software · price −$622K$1.4MFlat
- Agilysys, Inc.AGYS19,266 shares · 0.0% of their software · price −$1.1M$1.4MFlat
- MagniteMGNI121,332 shares · 0.0% of their software · price −$547K$1.4M−$16.9M
- monday.comMNDY5,491 shares · 0.0% of their software$1.3MFlat
- SoundHound AI, Inc.SOUN163,713 shares · 0.0% of their software · price −$1.9M$1.3M+$2.5M
- OneSpan Inc.OSPN86,794 shares · 0.0% of their software$1.3M+$531K
- Dave Inc.DAVE14,107 shares · 0.0% of their software$1.2MNew · +$1.2M
- nCinoNCNO41,349 shares · 0.0% of their software$1.1M+$981K
- WEX Inc.WEX7,226 shares · 0.0% of their software$1.1MFlat
- PagerDutyPD60,509 shares · 0.0% of their software$1.1M+$914K
- DigitalOceanDOCN31,891 shares · 0.0% of their software$1.1MFlat
- BlackLineBL17,967 shares · 0.0% of their software$870KFlat
- PubMaticPUBM92,733 shares · 0.0% of their software · price −$515K$848KFlat
- BILLBILL18,393 shares · 0.0% of their software · price −$714K$844KFlat
- Sprout SocialSPT36,440 shares · 0.0% of their software$801KFlat
- YextYEXT129,163 shares · 0.0% of their software$796KFlat
- BlackbaudBLKB12,769 shares · 0.0% of their software$792KFlat
- Calix, Inc.CALX21,789 shares · 0.0% of their software$772KFlat
- Adeia Inc.ADEA58,265 shares · 0.0% of their software$770K−$1.1M
- SprinklrCXM91,714 shares · 0.0% of their software$766KFlat
- Core Scientific, Inc.CORZ102,098 shares · 0.0% of their software · price −$695K$739K+$1.0M
- UnityU37,411 shares · 0.0% of their software$733KFlat
- CCC Intelligent Solutions Holdings Inc.CCC72,671 shares · 0.0% of their software$656KFlat
- Definitive HealthcareDH223,941 shares · 0.0% of their software$647K+$772K
- SentinelOneS33,553 shares · 0.0% of their software$610KFlat
- Zeta GlobalZETA43,506 shares · 0.0% of their software$590K−$6.5M
- Rubrik, Inc.RBRK9,149 shares · 0.0% of their software$558KFlat
- Rapid7RPD21,040 shares · 0.0% of their software$558KFlat
- PDF Solutions, Inc.PDFS28,500 shares · 0.0% of their software$545KFlat
- N-ableNABL72,390 shares · 0.0% of their software$513KFlat
- TenableTENB14,239 shares · 0.0% of their software$498KFlat
- Grindr Inc.GRND26,870 shares · 0.0% of their software$481KFlat
- Diebold Nixdorf, IncorporatedDBD10,977 shares · 0.0% of their software$480KFlat
- WorkivaWK5,972 shares · 0.0% of their software$453KFlat
- Remitly Global, Inc.RELY17,833 shares · 0.0% of their software$371KFlat
- Mitek Systems, Inc.MITK36,638 shares · 0.0% of their software$302KFlat
- C3.aiAI13,970 shares · 0.0% of their software$294KFlat
- PAR Technology CorporationPAR4,752 shares · 0.0% of their software$291KFlat
- Bandwidth Inc.BAND19,010 shares · 0.0% of their software$249KNew · Flat
- Five9FIVN8,969 shares · 0.0% of their software$244KFlat
- KlaviyoKVYO7,807 shares · 0.0% of their software$236KFlat
- SchrödingerSDGR11,422 shares · 0.0% of their software$225KFlat
- CertaraCERT21,550 shares · 0.0% of their software$213KFlat
- AlkamiALKT7,845 shares · 0.0% of their software$206K−$856K
- Sabre CorporationSABR69,313 shares · 0.0% of their software$195KFlat
- 8x8EGHT83,819 shares · 0.0% of their software$168K—
- AsanaASAN10,145 shares · 0.0% of their software$148KFlat
- FlywireFLYW14,064 shares · 0.0% of their software$134K−$16.3M
- SemrushSEMR11,780 shares · 0.0% of their software$110KNew
- FastlyFSLY15,670 shares · 0.0% of their software$99KFlat
- Expensify, Inc.EXFY29,580 shares · 0.0% of their software$90KNew · Flat
- PowerFleet, Inc.AIOT15,097 shares · 0.0% of their software$83KFlat
- Blend Labs, Inc.BLND24,622 shares · 0.0% of their software$82KFlat
- Digital TurbineAPPS10,969 shares · 0.0% of their software$30KFlat
- SmartRent, Inc.SMRT20,566 shares · 0.0% of their software$25KFlat