Generalist · San Antonio, TX
Victory Capital Management
Q2 2025 · compared with Q1 2025
Filed as Victory Capital Management INC
- Software
- $16.9B
- Weight of 13F
- 10.9%
- Names
- 177
- Net bought
- +$6.5B
Filed 13 August 2025 · SEC filing.
2,445 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
- MicrosoftMSFT11,185,066 shares · 32.9% of their software · price +$1.4B$5.6B+$2.1B
- OracleORCL6,792,722 shares · 8.9% of their software · price +$535M$1.5B+$828M
- Uber Technologies, Inc.UBER15,509,844 shares · 8.6% of their software · price +$317M$1.4B+$1.0B
- IntuitINTU1,027,284 shares · 4.8% of their software · price +$178M$807M+$462M
- ServiceNowNOW692,459 shares · 4.2% of their software · price +$161M$710M+$391M
- SalesforceCRM2,414,946 shares · 3.9% of their software · price +$10.5M$657M+$512M
- SynopsysSNPS833,741 shares · 2.5% of their software · price +$69.9M$429M+$265M
- TrimbleTRMB5,548,559 shares · 2.5% of their software · price +$57.3M$422M+$9.9M
- AutodeskADSK1,240,891 shares · 2.3% of their software · price +$59.3M$384M+$244M
- Check PointCHKP1,581,511 shares · 2.1% of their software · price −$10.5M$350M+$63.1M
- AkamaiAKAM4,164,625 shares · 2.0% of their software · price −$3.1M$332M+$48.7M
- PalantirPLTR1,846,807 shares · 1.5% of their software · price +$95.9M$252MFlat
- AdobeADBE631,053 shares · 1.4% of their software · price +$2.1M$244M+$28.0M
- Palo Alto NetworksPANW1,184,954 shares · 1.4% of their software · price +$40.3M$242M+$44.6M
- Automatic Data Processing, Inc.ADP699,599 shares · 1.3% of their software · price +$2.0M$216M+$20.6M
- NetApp, Inc.NTAP1,653,857 shares · 1.0% of their software · price +$30.9M$176M+$45.0M
- FortinetFTNT1,561,399 shares · 1.0% of their software · price +$14.8M$165M+$12.0M
- AppLovinAPP420,434 shares · 0.9% of their software · price +$35.8M$147MFlat
- ZoomZM1,854,872 shares · 0.9% of their software · price +$7.8M$145M+$33.2M
- CrowdStrikeCRWD203,093 shares · 0.6% of their software · price +$31.8M$103M−$11.1M
- CadenceCDNS328,569 shares · 0.6% of their software · price +$17.7M$101M−$14.0M
- DatadogDDOG727,971 shares · 0.6% of their software · price +$25.6M$97.8M+$45.7M
- SnowflakeSNOW419,621 shares · 0.6% of their software · price +$32.6M$93.9M−$4.9M
- SS&CSSNC1,118,040 shares · 0.5% of their software · price −$816K$92.6M+$3.3M
- Fiserv, Inc.FISV535,796 shares · 0.5% of their software · price −$25.9M$92.4M+$20.2M
- The Trade DeskTTD1,210,542 shares · 0.5% of their software · price +$20.9M$87.1M+$14.2M
- CloudflareNET430,334 shares · 0.5% of their software · price +$35.8M$84.1M+$39.7M
- DocuSignDOCU1,054,699 shares · 0.5% of their software · price −$3.7M$82.2M+$26.1M
- VeriskVRSK261,468 shares · 0.5% of their software · price +$3.6M$81.4M+$33.0M
- NCR Atleos CorporationNATL2,748,950 shares · 0.5% of their software · price +$5.9M$78.4M−$869K
- Strategy IncMSTR184,273 shares · 0.4% of their software · price +$21.4M$74.5M+$2.3M
- EVERTEC, Inc.EVTC1,796,160 shares · 0.4% of their software · price −$1.3M$64.8M−$6.3M
- ShopifySHOP536,624 shares · 0.4% of their software · price +$10.7M$61.9MNew · +$51.2M
- Fair IsaacFICO32,901 shares · 0.4% of their software · price −$533K$60.1M−$1.4M
- VeevaVEEV193,617 shares · 0.3% of their software · price +$10.9M$55.7M+$28.3M
- HubSpotHUBS99,485 shares · 0.3% of their software · price −$1.5M$55.3M+$41.5M
- Euronet Worldwide, Inc.EEFT516,734 shares · 0.3% of their software · price −$2.8M$52.4M−$1.5M
- Roper Technologies, Inc.ROP85,787 shares · 0.3% of their software · price −$2.0M$48.6M−$1.1M
- WorkdayWDAY191,116 shares · 0.3% of their software · price +$1.2M$45.9M+$4.5M
- Amdocs LimitedDOX501,466 shares · 0.3% of their software$45.8M+$1.5M
- Paychex, Inc.PAYX306,564 shares · 0.3% of their software · price −$2.7M$44.6M−$1.9M
- Corpay, Inc.CPAY133,705 shares · 0.3% of their software · price −$2.3M$44.4M−$25.3M
- ZscalerZS126,676 shares · 0.2% of their software · price +$14.6M$39.8M+$2.3M
- AtlassianTEAM160,981 shares · 0.2% of their software · price −$1.5M$32.7M+$7.5M
- Q2QTWO342,403 shares · 0.2% of their software · price +$4.6M$32.0M−$5.0M
- VaronisVRNS627,413 shares · 0.2% of their software · price +$6.5M$31.8M−$2.3M
- GoDaddyGDDY175,695 shares · 0.2% of their software$31.6M−$6.5M
- ACI WorldwideACIW685,515 shares · 0.2% of their software · price −$6.0M$31.5M+$5.8M
- Gen DigitalGEN1,042,453 shares · 0.2% of their software · price +$3.0M$30.6M+$945K
- BroadridgeBR117,739 shares · 0.2% of their software$28.6M+$10.2M
- CoStarCSGP335,852 shares · 0.2% of their software$27.0MFlat
- Payoneer Global Inc.PAYO3,870,414 shares · 0.2% of their software · price −$1.8M$26.5M−$3.8M
- VeriSign, Inc.VRSN79,531 shares · 0.1% of their software · price +$2.8M$23.0M+$7.2M
- DropboxDBX763,401 shares · 0.1% of their software · price +$1.4M$21.8M+$1.3M
- F5, Inc.FFIV66,406 shares · 0.1% of their software · price +$1.9M$19.5M−$35.4M
- BoxBOX555,848 shares · 0.1% of their software · price +$1.8M$19.0M−$2.9M
- ProcorePCOR274,446 shares · 0.1% of their software · price +$659K$18.8M+$12.7M
- PaylocityPCTY100,607 shares · 0.1% of their software · price −$619K$18.2M−$14.5M
- DynatraceDT318,229 shares · 0.1% of their software · price +$2.6M$17.6MFlat
- CommvaultCVLT99,066 shares · 0.1% of their software · price +$1.6M$17.3M+$7.1M
- Tyler TechnologiesTYL28,933 shares · 0.1% of their software$17.2MFlat
- MongoDBMDB78,952 shares · 0.1% of their software · price +$2.7M$16.6M+$4.2M
- NutanixNTNX216,440 shares · 0.1% of their software · price +$1.4M$16.5M+$7.0M
- DuolingoDUOL40,244 shares · 0.1% of their software · price +$4.0M$16.5M+$3.4M
- SamsaraIOT409,064 shares · 0.1% of their software · price +$593K$16.3M+$13.8M
- Life360, Inc.LIF243,694 shares · 0.1% of their software · price +$6.5M$15.9M+$2.1M
- WaystarWAY381,506 shares · 0.1% of their software · price +$1.3M$15.6M+$7.6M
- FreshworksFRSH1,033,599 shares · 0.1% of their software · price +$827K$15.4M+$3.2M
- ServiceTitanTTAN142,577 shares · 0.1% of their software · price +$1.7M$15.3M+$2.0M
- monday.comMNDY48,048 shares · 0.1% of their software · price +$3.4M$15.1M+$10.3M
- PTCPTC87,473 shares · 0.1% of their software · price +$1.5M$15.1M+$2.3M
- GitLabGTLB324,904 shares · 0.1% of their software · price −$614K$14.7M−$4.0M
- AppFolioAPPF62,089 shares · 0.1% of their software · price +$644K$14.3M−$1.7M
- Clearwater AnalyticsCWAN594,014 shares · 0.1% of their software$13.0M—
- PhreesiaPHR443,830 shares · 0.1% of their software · price +$1.3M$12.6M+$563K
- AvePointAVPT653,964 shares · 0.1% of their software · price +$3.2M$12.6M+$6.7M
- Clear Secure, Inc.YOU450,000 shares · 0.1% of their software · price +$833K$12.5M−$8.2M
- KlaviyoKVYO369,857 shares · 0.1% of their software · price +$1.2M$12.4M+$11.0M
- Block, Inc.XYZ170,648 shares · 0.1% of their software · price +$2.3M$11.6M−$568K
- NICENICE67,924 shares · 0.1% of their software · price +$1.0M$11.5M+$528K
- ToastTOST252,702 shares · 0.1% of their software · price +$2.8M$11.2M+$4.1M
- CoreWeave, Inc.CRWV66,462 shares · 0.1% of their software · price +$8.4M$10.8MNew · +$2.5M
- DoximityDOCS175,432 shares · 0.1% of their software · price +$581K$10.8M+$4.0M
- Shift4 Payments, Inc.FOUR106,441 shares · 0.1% of their software · price +$1.9M$10.5MFlat
- FactSetFDS22,141 shares · 0.1% of their software$9.9MFlat
- PaycomPAYC42,165 shares · 0.1% of their software · price +$545K$9.8M+$5.1M
- Lyft, Inc.LYFT618,298 shares · 0.1% of their software · price +$2.4M$9.7M+$3.2M
- PegasystemsPEGA169,926 shares · 0.1% of their software · price −$2.6M$9.2M+$5.6M
- BrazeBRZE318,061 shares · 0.1% of their software · price −$2.5M$8.9M−$933K
- Upbound Group, Inc.UPBD329,654 shares · 0.0% of their software$8.3M+$1.2M
- A10 Networks, Inc.ATEN414,974 shares · 0.0% of their software · price +$1.2M$8.0MFlat
- Bitdeer Technologies GroupBTDR661,400 shares · 0.0% of their software · price +$1.8M$7.6M+$3.3M
- ePlus inc.PLUS97,718 shares · 0.0% of their software · price +$1.1M$7.0M−$6.2M
- OktaOKTA70,001 shares · 0.0% of their software$7.0M+$3.6M
- Alight, Inc.ALIT1,142,808 shares · 0.0% of their software$6.5M+$2.0M
- NetScout Systems, Inc.NTCT256,285 shares · 0.0% of their software · price +$974K$6.4M+$1.3M
- RingCentralRNG210,945 shares · 0.0% of their software · price +$757K$6.0M+$770K
- GuidewireGWRE24,721 shares · 0.0% of their software · price +$1.2M$5.8M+$1.7M
- Core Scientific, Inc.CORZ322,887 shares · 0.0% of their software · price +$3.2M$5.5M+$1.6M
- Bentley SystemsBSY102,037 shares · 0.0% of their software · price +$1.5M$5.5M−$1.3M
- MorningstarMORN17,534 shares · 0.0% of their software$5.5MFlat
- Manhattan AssociatesMANH27,374 shares · 0.0% of their software · price +$669K$5.4M−$707K
- TwilioTWLO42,405 shares · 0.0% of their software · price +$1.1M$5.3M+$1.9M
- Intapp, Inc.INTA101,965 shares · 0.0% of their software · price −$689K$5.3M+$2.3M
- InterDigital, Inc.IDCC21,774 shares · 0.0% of their software$4.9M+$1.7M
- QualysQLYS28,660 shares · 0.0% of their software$4.1MFlat
- ElasticESTC43,428 shares · 0.0% of their software$3.7M+$2.2M
- TeradataTDC144,739 shares · 0.0% of their software$3.2MFlat
- ProgressPRGS44,726 shares · 0.0% of their software · price +$551K$2.9M−$4.6M
- BILLBILL61,292 shares · 0.0% of their software$2.8M+$2.0M
- Rubrik, Inc.RBRK31,056 shares · 0.0% of their software · price +$889K$2.8M+$1.3M
- Adeia Inc.ADEA194,855 shares · 0.0% of their software$2.8M+$1.8M
- ZoomInfoZI270,328 shares · 0.0% of their software$2.7M—
- CertaraCERT218,445 shares · 0.0% of their software$2.6M+$1.9M
- Immersion CorporationIMMR315,095 shares · 0.0% of their software$2.5MFlat
- Dave Inc.DAVE8,863 shares · 0.0% of their software · price +$1.6M$2.4MFlat
- WixWIX14,959 shares · 0.0% of their software$2.4MFlat
- LiveRamp Holdings, Inc.RAMP70,343 shares · 0.0% of their software$2.3MFlat
- SoundHound AI, Inc.SOUN196,510 shares · 0.0% of their software · price +$513K$2.1MFlat
- Donnelley Financial Solutions, Inc.DFIN33,482 shares · 0.0% of their software · price +$601K$2.1MFlat
- Ribbon Communications Inc.RBBN491,177 shares · 0.0% of their software$2.0MFlat
- i3 Verticals, Inc.IIIV69,880 shares · 0.0% of their software$1.9MFlat
- GigaCloud Technology Inc.GCT95,047 shares · 0.0% of their software · price +$530K$1.9M−$608K
- AlkamiALKT58,944 shares · 0.0% of their software$1.8M+$1.3M
- Rapid7RPD71,660 shares · 0.0% of their software$1.7M+$1.3M
- PagerDutyPD97,883 shares · 0.0% of their software$1.5M+$683K
- Consensus Cloud Solutions, Inc.CCSI62,523 shares · 0.0% of their software$1.4MNew · +$1.4M
- CourseraCOUR164,450 shares · 0.0% of their software$1.4MFlat
- OneSpan Inc.OSPN83,116 shares · 0.0% of their software$1.4MFlat
- PubMaticPUBM104,986 shares · 0.0% of their software$1.3MFlat
- CCC Intelligent Solutions Holdings Inc.CCC133,418 shares · 0.0% of their software$1.3M+$549K
- Alarm.com Holdings, Inc.ALRM21,683 shares · 0.0% of their software$1.2M−$3.6M
- MagniteMGNI43,399 shares · 0.0% of their software · price +$552K$1.0MSplit
- Agilysys, Inc.AGYS8,789 shares · 0.0% of their software$1.0M−$760K
- DoubleVerifyDV65,451 shares · 0.0% of their software$980K−$2.7M
- BlackLineBL17,025 shares · 0.0% of their software$964KFlat
- WEX Inc.WEX6,294 shares · 0.0% of their software$925KFlat
- UnityU37,905 shares · 0.0% of their software$917KFlat
- Ibotta, Inc.IBTA24,433 shares · 0.0% of their software$894KFlat
- SPS CommerceSPSC5,964 shares · 0.0% of their software$812K−$745K
- Calix, Inc.CALX13,462 shares · 0.0% of their software$716KFlat
- SentinelOneS35,590 shares · 0.0% of their software$651KFlat
- SprinklrCXM75,674 shares · 0.0% of their software$640KFlat
- UiPathPATH48,621 shares · 0.0% of their software$622K−$1.3M
- PDF Solutions, Inc.PDFS29,000 shares · 0.0% of their software$620KFlat
- PagSeguro Digital Ltd.PAGS63,968 shares · 0.0% of their software$617KNew · Flat
- DigitalOceanDOCN21,038 shares · 0.0% of their software$601KFlat
- Definitive HealthcareDH132,382 shares · 0.0% of their software$516KFlat
- YextYEXT60,300 shares · 0.0% of their software$513KFlat
- N-ableNABL62,145 shares · 0.0% of their software$503KFlat
- TenableTENB14,294 shares · 0.0% of their software$483KFlat
- nCinoNCNO14,444 shares · 0.0% of their software$404K−$739K
- WorkivaWK5,847 shares · 0.0% of their software$400KFlat
- Remitly Global, Inc.RELY19,513 shares · 0.0% of their software$366KFlat
- BlackbaudBLKB5,656 shares · 0.0% of their software$363KFlat
- C3.aiAI14,210 shares · 0.0% of their software$349KFlat
- Bandwidth Inc.BAND21,696 shares · 0.0% of their software$345KFlat
- Zeta GlobalZETA22,222 shares · 0.0% of their software$344KFlat
- SemrushSEMR36,123 shares · 0.0% of their software$327K—
- PAR Technology CorporationPAR4,711 shares · 0.0% of their software$327KFlat
- VertexVERX7,601 shares · 0.0% of their software$269K−$3.1M
- Mitek Systems, Inc.MITK25,636 shares · 0.0% of their software$254KFlat
- Diebold Nixdorf, IncorporatedDBD4,362 shares · 0.0% of their software$242KFlat
- Five9FIVN8,898 shares · 0.0% of their software$236KFlat
- SchrödingerSDGR11,352 shares · 0.0% of their software$228KFlat
- Sabre CorporationSABR68,536 shares · 0.0% of their software$217KFlat
- Cellebrite DI Ltd.CLBT12,992 shares · 0.0% of their software$208KNew · Flat
- Expensify, Inc.EXFY75,379 shares · 0.0% of their software$195KFlat
- 8x8EGHT96,032 shares · 0.0% of their software$188K—
- FlywireFLYW13,449 shares · 0.0% of their software$157KFlat
- AsanaASAN10,653 shares · 0.0% of their software$144KFlat
- FastlyFSLY15,702 shares · 0.0% of their software$111KFlat
- Blend Labs, Inc.BLND24,281 shares · 0.0% of their software$80KFlat
- Digital TurbineAPPS10,833 shares · 0.0% of their software$64KFlat
- PowerFleet, Inc.AIOT14,648 shares · 0.0% of their software$63KFlat
- SmartRent, Inc.SMRT20,383 shares · 0.0% of their software$20KFlat
- Rekor Systems, Inc.REKR13,365 shares · 0.0% of their software$16KNew · Flat