Victory Capital Reports January 2025 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) has reported its Total Client Assets for January 2025. The company achieved Total Assets Under Management (AUM) of $176.5 billion, Other Assets of $4.0 billion, and Total Client Assets of $180.5 billion as of January 31, 2025.

The breakdown shows Solutions leading with $65.4 billion, followed by U.S. Mid Cap Equity at $31.4 billion, and Fixed Income at $24.3 billion. By vehicle type, Mutual Funds dominated with $115.6 billion, while Separate Accounts reached $52.0 billion, and ETFs stood at $8.9 billion.

Average figures for January included Total AUM of $174.1 billion, Other Assets of $4.1 billion, and Total Client Assets of $178.2 billion, showing growth from December 2024's total of $176.1 billion.

Positive

• Total Client Assets increased to $180.5B from $176.1B in December 2024
• ETF assets grew significantly to $8.9B from $7.5B month-over-month
• Solutions category assets increased to $65.4B from $62.6B

Negative

• Fixed Income assets slightly decreased to $24.3B from $24.4B
• Alternative Investments declined to $2.96B from $2.98B
• Other Assets decreased to $4.04B from $4.17B

Insights

Investment Management Analyst

Victory Capital's January 2025 client asset report reveals several compelling trends that warrant attention. The $4.4 billion increase in total client assets from December to January represents a 2.5% monthly growth rate, significantly outpacing typical industry averages. This growth demonstrates strong momentum in the company's asset gathering capabilities.

The Solutions segment, at $65.4 billion, remains the cornerstone of Victory's business model, showing a robust 4.6% monthly increase. This growth in Solutions assets is particularly noteworthy as it typically generates higher fee revenues compared to traditional asset classes, potentially supporting stronger profit margins.

A standout development is the 18.4% growth in ETF assets to $8.9 billion. This dramatic expansion in the ETF business segment indicates successful execution in a highly competitive market where scale and efficiency are crucial. The rapid ETF growth suggests Victory is effectively capitalizing on the secular shift toward passive and systematic investment strategies.

The balanced distribution across various asset classes and vehicles demonstrates a well-diversified revenue stream, reducing business risk. The stability in fixed income assets ($24.3 billion) during a challenging rate environment underscores the resilience of Victory's investment strategies.

The expansion in U.S. equity categories across market caps (Large, Mid, and Small) points to strong product market fit and effective distribution channels. The 2.6% growth in U.S. Mid Cap Equity to $31.4 billion is particularly significant as this segment often offers attractive active management opportunities.

SAN ANTONIO, Texas--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $176.5 billion, Other Assets of $4.0 billion, and Total Client Assets of $180.5 billion, as of January 31, 2025.

For the month of January, average Total AUM was $174.1 billion, average Other Assets was $4.1 billion, and average Total Client Assets was $178.2 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
		As of:
By Asset Class		January 31, 2025				December 31, 2024
Solutions		$	65,447			$	62,593
Fixed Income			24,338				24,402
U.S. Mid Cap Equity			31,379				30,584
U.S. Small Cap Equity			15,009				14,785
U.S. Large Cap Equity			14,521				14,148
Global / Non-U.S. Equity			19,468				19,095
Alternative Investments			2,955				2,980
Total Long-Term Assets		$	173,119			$	168,586
Money Market / Short Term Assets			3,357				3,344
Total Assets Under Management2		$	176,476			$	171,930
By Vehicle
Mutual Funds3		$	115,593			$	113,645
Separate Accounts and Other Pooled Vehicles4			51,995				50,777
ETFs5			8,888				7,508
Total Assets Under Management		$	176,476			$	171,930
Other Assets6
Institutional		$	4,042			$	4,165
Total Other Assets		$	4,042			$	4,165
Total Client Assets
Total Assets Under Management		$	176,476			$	171,930
Total Other Assets			4,042				4,165
Total Client Assets		$	180,518			$	176,096

1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

3Includes institutional and retail share classes, money market and VIP funds.

4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.

6Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

About Victory Capital

Victory Capital is a diversified global asset management firm with total assets under management of $176.5 billion, and $180.5 billion in total client assets, as of January 31, 2025. The Company employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250211650064/en/

Investors:

Matthew Dennis, CFA

Chief of Staff

Director, Investor Relations

216-898-2412

mdennis@vcm.com

Media:

Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

Source: Victory Capital Holdings, Inc.

FAQ

What was Victory Capital's (VCTR) total AUM in January 2025?

Victory Capital's total Assets Under Management (AUM) was $176.5 billion as of January 31, 2025.

How much did VCTR's ETF assets grow in January 2025?

VCTR's ETF assets grew to $8.9 billion from $7.5 billion in December 2024, showing significant month-over-month growth.

What is the largest asset class managed by Victory Capital (VCTR)?

Solutions is the largest asset class managed by Victory Capital, with $65.4 billion as of January 31, 2025.

How are Victory Capital's (VCTR) assets distributed across different vehicles?

As of January 2025, VCTR's assets were distributed across Mutual Funds ($115.6B), Separate Accounts and Other Pooled Vehicles ($52.0B), and ETFs ($8.9B).

What was the month-over-month change in VCTR's Total Client Assets for January 2025?

VCTR's Total Client Assets increased from $176.1 billion in December 2024 to $180.5 billion in January 2025.