Victory Financial Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Victory Financial Group, LLC reported 230 stock positions worth $630.1 million. Its top holding was iShares Russell Top 200 Grow (IWY) at 17.5% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 7.6%) and iShares Morningstar Mid-Cap (IMCG, 4.9%). Compared with Q1 2025, it opened 59 new positions, sold out of 14, added to 100 and reduced 67. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +690%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0002011333
- Portfolio Value
- $630.1M (Q2 2025)
- SEC Filing
- 0001754960-25-000601 ↗ filed Aug 13, 2025
Holdings Value
Holdings 230 stocks · $630.1M
| IWY iShares Russell Top 200 Grow | 17.50% | 447,463 | $110.3M | Add +7.6% |
| SCHD Schwab US DVD Equity ETF | 7.64% | 1,816,341 | $48.1M | Reduce -1.2% |
| IMCG iShares Morningstar Mid-Cap | 4.93% | 387,221 | $31.1M | Add +5.9% |
| XLK SS Technology Select Sector | 4.29% | 106,842 | $27.1M | Add +13.7% |
| FDVV Fidelity High Dividend ETF | 3.72% | 450,340 | $23.4M | Add +10.4% |
| FVD First Trust Value Line DVD | 3.67% | 517,551 | $23.1M | Reduce -5.4% |
| VOO Vanguard S&P 500 ETF | 2.73% | 30,260 | $17.2M | Reduce -17.3% |
| EVTR Eaton Vance Total Return | 2.69% | 333,714 | $17.0M | Reduce -0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.57% | 176,671 | $16.2M | Add +690.0% |
| DBEF Xtrackers MSCI Eafe Hedged E | 2.53% | 363,821 | $15.9M | Add +13.2% |
| IJR iShares Core S&P Small-Cap E | 2.33% | 134,202 | $14.7M | Add +6.1% |
| NVDA Nvidia Corp. | 1.92% | 76,408 | $12.1M | Add +15.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.90% | 61,280 | $12.0M | Add +5.8% |
| PYLD PIMCO Multisector Bond Actv | 1.79% | 424,814 | $11.3M | Add +1.8% |
| FBND Fidelity Total Bond ETF | 1.74% | 240,015 | $11.0M | Add +1.1% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.60% | 113,899 | $10.1M | Add +19.9% |
| AAPL Apple Inc. | 1.58% | 48,480 | $9.9M | Add +46.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.41% | 94,836 | $8.9M | Add +249.1% |
| MSFT Microsoft Corp. | 1.04% | 13,146 | $6.5M | Add +20.3% |
| DIVO Amplify CWP Enhan Divid ETF | 0.93% | 138,402 | $5.9M | Add +19.9% |
| SPEM State Street SP PTF Em ETF | 0.78% | 115,046 | $4.9M | Add +0.8% |
| VCRB Vanguard Core Bond ETF | 0.72% | 58,657 | $4.6M | Reduce -0.1% |
| FLCC Fed Hermes Large Cap Core | 0.72% | 149,516 | $4.5M | Add +85.5% |
| MDY State Street SPDR S&P Midcap | 0.71% | 7,946 | $4.5M | Reduce -16.7% |
| VCLT Vanguard Long-Term Corp. Bond | 0.70% | 57,998 | $4.4M | Reduce -4.8% |
| VWO Vanguard Ftse Emerging Marke | 0.69% | 87,753 | $4.3M | Reduce -16.4% |
| VGIT Vanguard Intermediate-Term T | 0.66% | 69,676 | $4.2M | Reduce -1.6% |
| XLF SS Financial Select Sector | 0.64% | 77,113 | $4.0M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 0.64% | 18,391 | $4.0M | Add +20.2% |
| XLC SS Comm Select Sector SPDR | 0.62% | 36,200 | $3.9M | Add +0.2% |
| XLI SS Industrial Select Sector | 0.61% | 26,097 | $3.8M | Add +0.5% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.60% | 38,396 | $3.8M | Reduce -26.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 12,266 | $3.7M | Reduce -14.4% |
| VYM Vanguard High DVD Yield ETF | 0.56% | 26,618 | $3.5M | Add +11.7% |
| HEQT Simplify Hedged Equity ETF | 0.55% | 115,276 | $3.5M | Reduce -3.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.54% | 42,552 | $3.4M | New |
| IJT iShares S&P Small-Cap 600 GR | 0.48% | 22,756 | $3.0M | Reduce -3.8% |
| TSLA Tesla Inc. | 0.47% | 9,408 | $3.0M | Add +9.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.47% | 10,408 | $3.0M | Add +2.4% |
| META Meta Platforms Inc. Class A | 0.46% | 3,968 | $2.9M | Add +12.7% |
| FPEI First Trust Institutional PR | 0.44% | 147,563 | $2.8M | Add +0.3% |
| VFMF Vanguard US Multifactor ETF | 0.44% | 20,808 | $2.8M | Reduce -18.9% |
| AVGO Broadcom Inc. | 0.43% | 9,749 | $2.7M | Add +59.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 5,483 | $2.7M | Add +9.6% |
| XLV SS Health Care Select Sector | 0.42% | 19,473 | $2.6M | Add +9.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.40% | 4,567 | $2.5M | Reduce -0.9% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.40% | 25,313 | $2.5M | Add +27.6% |
| GOOGL Alphabet Inc. Class A | 0.38% | 13,464 | $2.4M | Add +23.5% |
| RPG Invesco S&P 500 Pure Growth | 0.34% | 46,885 | $2.1M | Reduce -1.6% |
| SGOV iShares 0-3 Month Treasury B | 0.30% | 18,870 | $1.9M | Reduce -7.5% |
| PM Philip Morris International | 0.28% | 9,796 | $1.8M | Add +82.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.27% | 6,148 | $1.7M | Reduce -16.2% |
| TXN Texas Instruments Inc. | 0.27% | 8,159 | $1.7M | Reduce -1.8% |
| GOCT FT Vest US Equity Moderate B | 0.26% | 45,153 | $1.7M | New |
| SIO Touchstone Strtg in ETF-Iusd | 0.25% | 59,623 | $1.6M | Add +20.9% |
| GBIL Goldman Sachs Access Treasur | 0.24% | 15,404 | $1.5M | Reduce -31.9% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 24,970 | $1.4M | Reduce -7.8% |
| V Visa Inc. Class A | 0.23% | 4,003 | $1.4M | Add +19.8% |
| UNH Unitedhealth Group Inc. | 0.22% | 4,412 | $1.4M | Add +217.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 7,593 | $1.3M | Reduce -18.4% |
| EFA iShares MSCI Eafe ETF | 0.20% | 14,114 | $1.3M | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 0.20% | 4,288 | $1.2M | Add +31.9% |
| MPC Marathon Petroleum Corp. | 0.20% | 7,427 | $1.2M | New |
| HD Home Depot Inc. | 0.19% | 3,181 | $1.2M | Add +55.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.18% | 12,091 | $1.2M | New |
| MAGS Roundhill Magnificent Seven | 0.18% | 20,372 | $1.1M | Add +69.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 4,705 | $1.1M | Add +161.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.17% | 6,423 | $1.1M | Reduce -6.1% |
| TAXX BBLX Irm Tax-Aware S Dur ETF | 0.17% | 20,669 | $1.1M | Add +100.7% |
| OXY Occidental Petroleum Corp. | 0.17% | 24,851 | $1.0M | Reduce -5.3% |
| VONG Vanguard Russell 1000 Growth | 0.16% | 9,376 | $1.0M | Add +20.1% |
| ABBV Abbvie Inc. | 0.16% | 5,367 | $996K | Add +55.5% |
| LLY Eli Lilly & Co. | 0.16% | 1,269 | $990K | Add +1.0% |
| NFLX Netflix Inc. | 0.15% | 720 | $964K | Reduce -3.7% |
| AMD Advanced Micro Devices | 0.15% | 6,753 | $958K | Add +67.7% |
| WMT Walmart Inc. | 0.15% | 9,629 | $942K | Add +21.2% |
| IWF iShares Russell 1000 Growth | 0.14% | 2,092 | $888K | Reduce -9.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.14% | 10,633 | $888K | Reduce -19.6% |
| JD Jd.com Inc.-ADR | 0.14% | 27,178 | $887K | New |
| SCHX Schwab US Large-Cap ETF | 0.14% | 36,077 | $882K | Reduce -0.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.14% | 21,997 | $869K | Add +59.2% |
| CME Cme Group Inc. | 0.13% | 3,044 | $839K | Add +310.2% |
| XOM Exxon Mobil Corp. | 0.13% | 7,667 | $826K | Add +1.9% |
| CVX Chevron Corp. | 0.13% | 5,729 | $820K | Add +22.1% |
| GOOG Alphabet Inc. Class C | 0.13% | 4,613 | $818K | Add +5.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 1,324 | $818K | Reduce -22.8% |
| IWM iShares Russell 2000 ETF | 0.13% | 3,743 | $808K | Add +18.8% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.13% | 38,298 | $795K | Add +5.2% |
| IUSG iShares Core S&P U.S. Growth | 0.13% | 5,240 | $788K | Reduce -8.7% |
| MTG Mgic Investment Corp. | 0.12% | 27,459 | $764K | New |
| RDVY First Trust Rising Dividend | 0.12% | 11,898 | $746K | Reduce -12.7% |
| ORCL Oracle Corp. | 0.12% | 3,357 | $734K | Add +45.3% |
| IWX iShares Russell Top 200 Valu | 0.11% | 8,457 | $712K | No change |
| TPR Tapestry Inc. | 0.11% | 7,921 | $696K | New |
| POWL Powell Industries Inc. | 0.11% | 3,296 | $694K | No change |
| SCHH Schwab US REIT ETF | 0.11% | 32,422 | $686K | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 10,914 | $677K | Reduce -23.1% |
| VZ Verizon Communications Inc. | 0.11% | 15,640 | $677K | Add +133.7% |
| ACN Accenture PLC Class A | 0.11% | 2,262 | $676K | Add +18.7% |
| JNJ Johnson & Johnson | 0.11% | 4,385 | $670K | Add +5.6% |
Portfolio Sells Q1 2025 → Q2 2025
| SCHD Schwab US DVD Equity ETF | Reduce -1.2% | 7.64% | −2.20 |
| FVD First Trust Value Line DVD | Reduce -5.4% | 3.67% | −0.99 |
| VOO Vanguard S&P 500 ETF | Reduce -17.3% | 2.73% | −0.80 |
| GRPM Invesco S&P Midcap 400 Garp | Sold out | 0.00% | −0.72 |
| EVTR Eaton Vance Total Return | Reduce -0.5% | 2.69% | −0.56 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -26.0% | 0.60% | −0.29 |
| MDY State Street SPDR S&P Midcap | Reduce -16.7% | 0.71% | −0.25 |
| VWO Vanguard Ftse Emerging Marke | Reduce -16.4% | 0.69% | −0.22 |
| GBIL Goldman Sachs Access Treasur | Reduce -31.9% | 0.24% | −0.19 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -4.8% | 0.70% | −0.18 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.4% | 0.59% | −0.16 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -74.6% | 0.04% | −0.16 |
| VFMF Vanguard US Multifactor ETF | Reduce -18.9% | 0.44% | −0.15 |
| VCRB Vanguard Core Bond ETF | Reduce -0.1% | 0.72% | −0.15 |
| XLF SS Financial Select Sector | Reduce -3.0% | 0.64% | −0.12 |
| VGIT Vanguard Intermediate-Term T | Reduce -1.6% | 0.66% | −0.12 |
| AGG iShares Core U.S. Aggregate | Reduce -50.0% | 0.07% | −0.10 |
| HEQT Simplify Hedged Equity ETF | Reduce -3.2% | 0.55% | −0.10 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -18.4% | 0.21% | −0.09 |
| SGOV iShares 0-3 Month Treasury B | Reduce -7.5% | 0.30% | −0.09 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -16.2% | 0.27% | −0.09 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -3.8% | 0.48% | −0.08 |
| OXY Occidental Petroleum Corp. | Reduce -5.3% | 0.17% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -50.8% | 0.05% | −0.08 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -31.6% | 0.07% | −0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -55.7% | 0.04% | −0.06 |
| SCHF Schwab Intl Equity ETF | Sold out | 0.00% | −0.06 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -22.8% | 0.13% | −0.05 |
| IJH iShares Core S&P Midcap ETF | Reduce -23.1% | 0.11% | −0.05 |
| HYDB iShares High Yield Systemati | Sold out | 0.00% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -19.6% | 0.14% | −0.05 |
| DOW Dow Inc. | Sold out | 0.00% | −0.05 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -6.1% | 0.17% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -8.7% | 0.20% | −0.04 |
| XLE SS Energy Select Sector | Reduce -7.5% | 0.09% | −0.04 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.04 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.04 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.8% | 0.23% | −0.04 |
| RDVY First Trust Rising Dividend | Reduce -12.7% | 0.12% | −0.03 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -13.0% | 0.09% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -46.5% | 0.04% | −0.03 |
| HTRB Hartford TTL RTRN BND ETF | Reduce -8.2% | 0.09% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -16.8% | 0.09% | −0.03 |
| IUSV iShares Core S&P U.S. Value | Reduce -9.7% | 0.09% | −0.03 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +690.0% | 2.57% | +2.18 |
| MOAT Vaneck Morningstar Wide Moat | Add +249.1% | 1.41% | +0.95 |
| IWY iShares Russell Top 200 Grow | Add +7.6% | 17.50% | +0.73 |
| XLK SS Technology Select Sector | Add +13.7% | 4.29% | +0.57 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.54% | +0.54 |
| NVDA Nvidia Corp. | Add +15.5% | 1.92% | +0.54 |
| FLCC Fed Hermes Large Cap Core | Add +85.5% | 0.72% | +0.30 |
| GOCT FT Vest US Equity Moderate B | New | 0.26% | +0.26 |
| MSFT Microsoft Corp. | Add +20.3% | 1.04% | +0.25 |
| AVGO Broadcom Inc. | Add +59.0% | 0.43% | +0.22 |
| MPC Marathon Petroleum Corp. | New | 0.20% | +0.20 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.18% | +0.18 |
| AAPL Apple Inc. | Add +46.3% | 1.58% | +0.16 |
| JD Jd.com Inc.-ADR | New | 0.14% | +0.14 |
| MTG Mgic Investment Corp. | New | 0.12% | +0.12 |
| PM Philip Morris International | Add +82.9% | 0.28% | +0.11 |
| TPR Tapestry Inc. | New | 0.11% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +161.8% | 0.17% | +0.10 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +19.9% | 1.60% | +0.09 |
| CME Cme Group Inc. | Add +310.2% | 0.13% | +0.09 |
| SCHG Schwab US Large-Cap Growth | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | Add +20.2% | 0.64% | +0.08 |
| KWEB Kranesh Csi China Internet | New | 0.08% | +0.08 |
| MUB iShares National Muni Bond E | New | 0.07% | +0.07 |
| MU Micron Technology Inc. | New | 0.07% | +0.07 |
| MAGS Roundhill Magnificent Seven | Add +69.5% | 0.18% | +0.07 |
| META Meta Platforms Inc. Class A | Add +12.7% | 0.46% | +0.07 |
| SSB Southstate Bank Corp. | New | 0.07% | +0.07 |
| AMD Advanced Micro Devices | Add +67.7% | 0.15% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +217.2% | 0.22% | +0.07 |
| IDEQ Lazard Intl Dynamic Eqy ETF | New | 0.07% | +0.07 |
| TAXX BBLX Irm Tax-Aware S Dur ETF | Add +100.7% | 0.17% | +0.07 |
| HUBB Hubbell Inc. | New | 0.07% | +0.07 |
| TLT iShares 20+ Year Treasury BD | New | 0.07% | +0.07 |
| DIVO Amplify CWP Enhan Divid ETF | Add +19.9% | 0.93% | +0.06 |
| AVDV Avantis Intl S/C Value ETF | New | 0.06% | +0.06 |
| APXM FT Vest US Eq Max Buf Apr | New | 0.06% | +0.06 |
| GLD SPDR Gold Shares | New | 0.06% | +0.06 |
| LAMR Lamar Advertising Co. Class A | New | 0.06% | +0.06 |
| DAC Danaos Corp. | New | 0.06% | +0.06 |
| FERG Ferguson Enterprises Inc. | New | 0.06% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +114.7% | 0.10% | +0.06 |
| BSY Bentley Systems Inc. Class B | New | 0.05% | +0.05 |
| WAL Western Alliance Bancorp | New | 0.05% | +0.05 |
| ORCL Oracle Corp. | Add +45.3% | 0.12% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +23.5% | 0.38% | +0.05 |
| CAT Caterpillar Inc. | Add +115.3% | 0.10% | +0.05 |
| UBER Uber Technologies Inc. | New | 0.05% | +0.05 |
| STLD Steel Dynamics Inc. | New | 0.05% | +0.05 |
| HON Honeywell International Inc. | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 397 | $951.8M | IWY, SCHD, IMCG, XLK, FDVV |
| Q1 2026 | 347 | $813.9M | IWY, SCHD, IMCG, FDVV, VOO |
| Q4 2025 | 315 | $794.8M | IWY, SCHD, IMCG, XLK, FDVV |
| Q3 2025 | 248 | $727.3M | IWY, SCHD, IMCG, XLK, FVD |
| Q2 2025 | 230 | $630.1M | IWY, SCHD, IMCG, XLK, FDVV |
| Q1 2025 | 185 | $521.1M | IWY, SCHD, IMCG, FVD, FDVV |
| Q4 2024 | 138 | $380.5M | IWY, SCHD, IMCG, FVD, VOO |
| Q2 2024 | 78 | $213.7M | IWY, SCHD, IMCG, FVD, VOO |
| Q1 2024 | 60 | $168.9M | SCHD, IWY, IMCG, FVD, XLK |