Victory Financial Group, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Victory Financial Group, LLC reported 185 stock positions worth $521.1 million. Its top holding was iShares Russell Top 200 Grow (IWY) at 16.8% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 9.8%) and iShares Morningstar Mid-Cap (IMCG, 5.0%). Compared with Q4 2024, it opened 52 new positions, sold out of 5, added to 104 and reduced 28. The biggest buy was Fidelity High Dividend ETF (FDVV, shares +274%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −8%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0002011333
Portfolio Value
$521.1M (Q1 2025)
SEC Filing
0001754960-25-000293 ↗ filed May 12, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $168.9M Q1 2024 Q2 2024: $213.7M Q2 2024 Q4 2024: $380.5M Q4 2024 Q1 2025: $521.1M $521.1M Q1 2025 Q2 2025: $630.1M Q2 2025 Q3 2025: $727.3M Q3 2025 Q4 2025: $794.8M Q4 2025 Q1 2026: $813.9M Q1 2026 Q2 2026: $951.8M Q2 2026

Holdings 185 stocks · $521.1M
IWY iShares Russell Top 200 Grow 16.78% 415,819 $87.4M Add +57.4%
SCHD Schwab US DVD Equity ETF 9.83% 1,838,792 $51.2M Add +5.0%
IMCG iShares Morningstar Mid-Cap 5.01% 365,633 $26.1M Add +14.9%
FVD First Trust Value Line DVD 4.66% 547,013 $24.3M Add +7.6%
FDVV Fidelity High Dividend ETF 3.85% 407,765 $20.0M Add +273.9%
XLK SS Technology Select Sector 3.73% 93,996 $19.4M Add +46.6%
VOO Vanguard S&P 500 ETF 3.53% 36,574 $18.4M Reduce -7.6%
EVTR Eaton Vance Total Return 3.26% 335,277 $17.0M Add +73.4%
DBEF Xtrackers MSCI Eafe Hedged E 2.64% 321,367 $13.8M Add +293.7%
IJR iShares Core S&P Small-Cap E 2.52% 126,538 $13.1M Add +152.2%
PYLD PIMCO Multisector Bond Actv 2.09% 417,236 $10.9M Add +188.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.07% 57,911 $10.8M Add +11.5%
FBND Fidelity Total Bond ETF 2.06% 237,519 $10.7M Add +190.3%
SLYG SS SPDR S&P 600 SC GR ETF 1.51% 95,028 $7.9M Add +1725.4%
AAPL Apple Inc. 1.42% 33,140 $7.4M Add +33.2%
NVDA Nvidia Corp. 1.37% 66,140 $7.2M Add +17.9%
MDY State Street SPDR S&P Midcap 0.96% 9,540 $5.0M Reduce -52.5%
VWO Vanguard Ftse Emerging Marke 0.91% 104,967 $4.8M Add +135.6%
XMHQ Invesco S&P Midcap Qual ETF 0.89% 51,911 $4.6M Add +251.7%
VCLT Vanguard Long-Term Corp. Bond 0.88% 60,919 $4.6M Reduce -22.8%
VCRB Vanguard Core Bond ETF 0.87% 58,710 $4.5M Add +10.3%
DIVO Amplify CWP Enhan Divid ETF 0.87% 115,455 $4.5M Add +0.6%
SPEM State Street SP PTF Em ETF 0.86% 114,129 $4.5M Add +295.2%
MSFT Microsoft Corp. 0.79% 10,928 $4.1M Add +23.6%
VGIT Vanguard Intermediate-Term T 0.78% 70,797 $4.1M Add +133.3%
XLF SS Financial Select Sector 0.76% 79,506 $4.0M Add +231.1%
VTI VG Morningstar TS MKT ETF-US 0.75% 14,336 $3.9M Reduce -16.5%
GRPM Invesco S&P Midcap 400 Garp 0.72% 37,500 $3.8M Add +1.9%
XLC SS Comm Select Sector SPDR 0.67% 36,115 $3.5M Add +317.2%
XLI SS Industrial Select Sector 0.65% 25,978 $3.4M Add +361.1%
HEQT Simplify Hedged Equity ETF 0.65% 119,122 $3.4M Add +818.6%
VFMF Vanguard US Multifactor ETF 0.60% 25,663 $3.1M Add +0.2%
VYM Vanguard High DVD Yield ETF 0.59% 23,829 $3.1M Reduce -17.3%
IJT iShares S&P Small-Cap 600 GR 0.56% 23,646 $2.9M Add +8.2%
AMZN Amazon.com Inc. 0.56% 15,299 $2.9M Add +20.9%
FPEI First Trust Institutional PR 0.53% 147,088 $2.8M Add +227.4%
BRK.B Berkshire Hathaway Inc. Class B 0.51% 5,003 $2.7M Add +21.9%
XLV SS Health Care Select Sector 0.50% 17,743 $2.6M Add +257.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.48% 10,162 $2.5M Reduce -15.0%
MOAT Vaneck Morningstar Wide Moat 0.46% 27,167 $2.4M New
GBIL Goldman Sachs Access Treasur 0.44% 22,631 $2.3M Add +56.8%
TSLA Tesla Inc. 0.43% 8,621 $2.2M Add +15.3%
FLCC Fed Hermes Large Cap Core 0.42% 80,603 $2.2M Add +147.1%
QQQ Invesco QQQ Trust Series 1 0.41% 4,607 $2.2M Add +2.0%
SGOV iShares 0-3 Month Treasury B 0.39% 20,400 $2.1M Add +36.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.39% 22,363 $2.0M Add +35.5%
META Meta Platforms Inc. Class A 0.39% 3,521 $2.0M Add +35.1%
BILS SS Spdrb B 3-12M T-Bill ETF 0.38% 19,832 $2.0M Add +36.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.36% 7,337 $1.9M Reduce -37.3%
RPG Invesco S&P 500 Pure Growth 0.35% 47,637 $1.8M Reduce -6.5%
GOOGL Alphabet Inc. Class A 0.33% 10,900 $1.7M Add +43.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.31% 9,311 $1.6M Add +69.1%
TXN Texas Instruments Inc. 0.29% 8,308 $1.5M Add +7.6%
VEA Vanguard Ftse Developed ETF 0.26% 27,092 $1.4M Reduce -25.1%
OXY Occidental Petroleum Corp. 0.25% 26,231 $1.3M Add +144.9%
SIO Touchstone Strtg in ETF-Iusd 0.24% 49,308 $1.3M Add +173.8%
EFA iShares MSCI Eafe ETF 0.24% 15,452 $1.3M Reduce -4.6%
V Visa Inc. Class A 0.22% 3,341 $1.2M Add +5.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.21% 6,840 $1.1M Reduce -13.8%
AVGO Broadcom Inc. 0.20% 6,132 $1.1M Add +57.2%
LLY Eli Lilly & Co. 0.20% 1,256 $1.0M Add +18.8%
USMV iShares MSCI USA Min Vol Fac 0.20% 10,555 $1.0M Add +77.4%
IEFA iShares Core MSCI Eafe ETF 0.19% 13,225 $995K Reduce -21.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.18% 1,715 $960K Add +12.2%
AGG iShares Core U.S. Aggregate 0.18% 9,410 $931K Reduce -25.2%
PM Philip Morris International 0.17% 5,356 $899K New
XOM Exxon Mobil Corp. 0.17% 7,525 $897K Add +70.3%
IWF iShares Russell 1000 Growth 0.16% 2,300 $830K Reduce -3.3%
IJH iShares Core S&P Midcap ETF 0.16% 14,200 $829K Reduce -19.0%
RDVY First Trust Rising Dividend 0.15% 13,627 $798K Add +119.7%
SCHX Schwab US Large-Cap ETF 0.15% 36,080 $797K Add +3.6%
JPM JPMorgan Chase & Co. 0.15% 3,251 $795K Add +17.6%
CVX Chevron Corp. 0.15% 4,694 $786K Add +81.0%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.15% 36,393 $783K New
HD Home Depot Inc. 0.15% 2,048 $769K Add +76.4%
UNH Unitedhealth Group Inc. 0.15% 1,391 $765K Add +64.8%
TMUS T-Mobile US Inc. 0.15% 2,868 $765K Add +44.7%
ABBV Abbvie Inc. 0.14% 3,452 $755K Add +112.6%
VONG Vanguard Russell 1000 Growth 0.14% 7,810 $726K Add +42.1%
EPD Enterprise Products Partners 0.14% 21,177 $723K New
IUSG iShares Core S&P U.S. Growth 0.14% 5,737 $719K Add +1.4%
XLE SS Energy Select Sector 0.14% 7,609 $711K Add +23.7%
IWX iShares Russell Top 200 Valu 0.13% 8,457 $695K Add +0.4%
SCHH Schwab US REIT ETF 0.13% 32,060 $693K New
NFLX Netflix Inc. 0.13% 748 $693K Add +10.0%
WMT Walmart Inc. 0.13% 7,942 $693K Add +23.3%
GOOG Alphabet Inc. Class C 0.13% 4,376 $688K Add +23.7%
JNJ Johnson & Johnson 0.13% 4,154 $678K Add +63.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.13% 13,528 $671K Add +58.1%
BNDX Vanguard Total Intl Bond ETF 0.12% 13,163 $642K Add +56.5%
IUSV iShares Core S&P U.S. Value 0.12% 6,939 $631K Add +4.1%
IWM iShares Russell 2000 ETF 0.12% 3,150 $628K Reduce -12.6%
HTRB Hartford TTL RTRN BND ETF 0.12% 18,522 $627K New
ACN Accenture PLC Class A 0.12% 1,906 $611K Add +11.1%
IVV iShares Core S&P 500 ETF 0.11% 1,045 $587K Reduce -23.6%
MBB iShares MBS ETF 0.11% 6,209 $582K Add +53.8%
POWL Powell Industries Inc. 0.11% 3,296 $561K New
VCIT Vanguard Int-Term Corporate 0.11% 6,809 $557K Add +51.0%
CZA Invesco Zacks Mid-Cap ETF 0.11% 5,338 $555K Reduce -14.0%
MAGS Roundhill Magnificent Seven 0.11% 12,020 $551K New

Show all 185 holdings

Portfolio Sells Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Reduce -7.6% 3.53% −2.07
MDY State Street SPDR S&P Midcap Reduce -52.5% 0.96% −2.05
VCLT Vanguard Long-Term Corp. Bond Reduce -22.8% 0.88% −0.67
VTI VG Morningstar TS MKT ETF-US Reduce -16.5% 0.75% −0.55
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -37.3% 0.36% −0.45
VYM Vanguard High DVD Yield ETF Reduce -17.3% 0.59% −0.38
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -15.0% 0.48% −0.32
RPG Invesco S&P 500 Pure Growth Reduce -6.5% 0.35% −0.20
VEA Vanguard Ftse Developed ETF Reduce -25.1% 0.26% −0.19
VB Vanguard Most SM-Cap ETF-Usd Reduce -50.9% 0.07% −0.15
AGG iShares Core U.S. Aggregate Reduce -25.2% 0.18% −0.14
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.14
IJH iShares Core S&P Midcap ETF Reduce -19.0% 0.16% −0.13
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -13.8% 0.21% −0.13
IEFA iShares Core MSCI Eafe ETF Reduce -21.9% 0.19% −0.12
IVV iShares Core S&P 500 ETF Reduce -23.6% 0.11% −0.10
IWF iShares Russell 1000 Growth Reduce -3.3% 0.16% −0.09
IWM iShares Russell 2000 ETF Reduce -12.6% 0.12% −0.09
EFA iShares MSCI Eafe ETF Reduce -4.6% 0.24% −0.08
INMU iShares Intermediate Muni Inc. Sold out 0.00% −0.07
MUB iShares National Muni Bond E Sold out 0.00% −0.07
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.07
CZA Invesco Zacks Mid-Cap ETF Reduce -14.0% 0.11% −0.06
IWL iShares Russell Top 200 ETF Sold out 0.00% −0.06
QUAL iShares MSCI USA Quality Fac Reduce -5.2% 0.08% −0.04
SCHF Schwab Intl Equity ETF Reduce -21.6% 0.06% −0.04
IEMG iShares Core MSCI Emerging Reduce -23.4% 0.05% −0.03
ITOT iShares Core S&P Total U.S. Reduce -0.0% 0.07% −0.03
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd Reduce -14.8% 0.04% −0.03
EEM iShares MSCI Emerging Market Reduce -14.3% 0.04% −0.02
GS Goldman Sachs Group Inc. Reduce -3.6% 0.04% −0.02
STXG Strive 1000 Growth ETF Reduce -2.5% 0.04% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -3.2% 0.04% −0.02

Portfolio Buys Q4 2024 → Q1 2025
FDVV Fidelity High Dividend ETF Add +273.9% 3.85% +2.41
DBEF Xtrackers MSCI Eafe Hedged E Add +293.7% 2.64% +1.76
SLYG SS SPDR S&P 600 SC GR ETF Add +1725.4% 1.51% +1.39
PYLD PIMCO Multisector Bond Actv Add +188.3% 2.09% +1.11
FBND Fidelity Total Bond ETF Add +190.3% 2.06% +1.10
IJR iShares Core S&P Small-Cap E Add +152.2% 2.52% +1.00
EVTR Eaton Vance Total Return Add +73.4% 3.26% +0.72
SPEM State Street SP PTF Em ETF Add +295.2% 0.86% +0.57
HEQT Simplify Hedged Equity ETF Add +818.6% 0.65% +0.55
XMHQ Invesco S&P Midcap Qual ETF Add +251.7% 0.89% +0.51
XLI SS Industrial Select Sector Add +361.1% 0.65% +0.46
MOAT Vaneck Morningstar Wide Moat New 0.46% +0.46
XLF SS Financial Select Sector Add +231.1% 0.76% +0.45
IWY iShares Russell Top 200 Grow Add +57.4% 16.78% +0.45
XLC SS Comm Select Sector SPDR Add +317.2% 0.67% +0.45
VWO Vanguard Ftse Emerging Marke Add +135.6% 0.91% +0.40
XLV SS Health Care Select Sector Add +257.6% 0.50% +0.32
VGIT Vanguard Intermediate-Term T Add +133.3% 0.78% +0.32
FPEI First Trust Institutional PR Add +227.4% 0.53% +0.31
FLCC Fed Hermes Large Cap Core Add +147.1% 0.42% +0.18
PM Philip Morris International New 0.17% +0.17
BCI Abrdn Bloomberg All Commodit New 0.15% +0.15
EPD Enterprise Products Partners New 0.14% +0.14
SCHH Schwab US REIT ETF New 0.13% +0.13
SIO Touchstone Strtg in ETF-Iusd Add +173.8% 0.24% +0.12
HTRB Hartford TTL RTRN BND ETF New 0.12% +0.12
OXY Occidental Petroleum Corp. Add +144.9% 0.25% +0.11
POWL Powell Industries Inc. New 0.11% +0.11
MAGS Roundhill Magnificent Seven New 0.11% +0.11
HYFI AB High Yield ETF New 0.10% +0.10
TAXX BBLX Irm Tax-Aware S Dur ETF New 0.10% +0.10
FNDF Schwab Fndmn Intl LRG Co. ETF New 0.09% +0.09
COWZ Pacer US Cash Cows 100 ETF New 0.08% +0.08
JPST JPMorgan Ultra-Short Income New 0.07% +0.07
ABBV Abbvie Inc. Add +112.6% 0.14% +0.07
KO The Coca-Cola Co. New 0.06% +0.06
TSM Taiwan Semiconductor-SP ADR New 0.06% +0.06
VZ Verizon Communications Inc. New 0.06% +0.06
VTV Vanguard Mrngstr Val ETF-Aui Add +69.1% 0.31% +0.06
GE General Electric New 0.06% +0.06
PLTR Palantir Technologies Inc. Class A New 0.06% +0.06
RDVY First Trust Rising Dividend Add +119.7% 0.15% +0.06
USMV iShares MSCI USA Min Vol Fac Add +77.4% 0.20% +0.06
SPTI SS SPDR P Int Term TSY ETF New 0.06% +0.06
AXP American Express Co. New 0.06% +0.06
QCOM Qualcomm Inc. New 0.06% +0.06
GBIL Goldman Sachs Access Treasur Add +56.8% 0.44% +0.06
MS Morgan Stanley New 0.05% +0.05
CVX Chevron Corp. Add +81.0% 0.15% +0.05
HYDB iShares High Yield Systemati New 0.05% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 397$951.8MIWY, SCHD, IMCG, XLK, FDVV
Q1 2026 347$813.9MIWY, SCHD, IMCG, FDVV, VOO
Q4 2025 315$794.8MIWY, SCHD, IMCG, XLK, FDVV
Q3 2025 248$727.3MIWY, SCHD, IMCG, XLK, FVD
Q2 2025 230$630.1MIWY, SCHD, IMCG, XLK, FDVV
Q1 2025 185$521.1MIWY, SCHD, IMCG, FVD, FDVV
Q4 2024 138$380.5MIWY, SCHD, IMCG, FVD, VOO
Q2 2024 78$213.7MIWY, SCHD, IMCG, FVD, VOO
Q1 2024 60$168.9MSCHD, IWY, IMCG, FVD, XLK