Victory Capital Reports March 2025 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) reported Total Client Assets of $171.4 billion as of March 31, 2025, comprising $167.5 billion in Assets Under Management (AUM) and $4.0 billion in Other Assets. The company experienced negative long-term AUM net flows of -$1.2 billion in the first quarter.

The asset distribution shows Solutions at $63.4 billion, Fixed Income at $24.2 billion, and various equity categories including U.S. Mid Cap ($29.0 billion), Small Cap ($13.2 billion), Large Cap ($13.1 billion), and Global/Non-U.S. ($18.3 billion). By vehicle type, Mutual Funds led with $108.4 billion, followed by Separate Accounts at $48.8 billion and ETFs at $10.3 billion.

The company will announce its Q1 2025 financial results on May 8, with a conference call scheduled for May 9 at 8:00 a.m. ET.

Positive

• Diversified asset distribution across multiple investment categories
• Substantial total AUM of $167.5 billion
• Strong mutual fund presence with $108.4 billion in assets

Negative

• Negative net flows of -$1.2 billion in Q1 2025
• Decline in Total Client Assets from $179.5 billion in February to $171.4 billion in March

Insights

Financial Analyst

Victory Capital's March 2025 asset report reveals notable changes in its financial position. The company reported $167.5 billion in Assets Under Management (AUM), representing a 4.6% month-over-month decrease from February's $175.5 billion. Total Client Assets declined to $171.4 billion from $179.5 billion in the previous month.

Of particular significance is the $1.2 billion in net outflows for Q1 2025, indicating clients withdrew more capital than they contributed. For asset managers like Victory, whose revenue model is primarily based on fee income calculated as a percentage of AUM, these outflows directly impact the top line.

The asset class breakdown shows declines across most categories, with Solutions assets falling 3.3% to $63.4 billion, U.S. Mid Cap Equity dropping 4.9% to $29.0 billion, and Global/Non-U.S. Equity decreasing 11.0% to $18.3 billion. Alternative Investments provided a bright spot, growing 2.3% to $2.9 billion.

By vehicle type, ETF assets showed positive momentum, increasing 4.7% to $10.3 billion, while Mutual Funds and Separate Accounts declined 4.1% and 7.2% respectively. This suggests a potential shift in investor preference toward ETF products within Victory's offering mix.

Schedules First-Quarter Financial Results Conference Call for May 9

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $167.5 billion, Other Assets of $4.0 billion, and Total Client Assets of $171.4 billion, as of March 31, 2025.

For the month of March, average Total AUM was $170.9 billion, average Other Assets was $4.0 billion, and average Total Client Assets was $174.9 billion.

For the first quarter, the Company reported long-term AUM net flows of -$1.2 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	March 31, 2025				February 28, 2025
Solutions	$	63,378			$	65,510
Fixed Income		24,157				24,439
U.S. Mid Cap Equity		28,964				30,444
U.S. Small Cap Equity		13,182				14,207
U.S. Large Cap Equity		13,104				13,982
Global / Non-U.S. Equity		18,334				20,589
Alternative Investments		2,945				2,879
Total Long-Term Assets	$	164,064			$	172,048
Money Market / Short Term Assets		3,404				3,421
Total Assets Under Management2	$	167,468			$	175,470
By Vehicle
Mutual Funds3	$	108,392			$	113,060
Separate Accounts and Other Pooled Vehicles4		48,823				52,621
ETFs5		10,253				9,789
Total Assets Under Management	$	167,468			$	175,470
Other Assets6
Institutional	$	3,967			$	4,071
Total Other Assets	$	3,967			$	4,071
Total Client Assets
Total Assets Under Management	$	167,468			$	175,470
Total Other Assets		3,967				4,071
Total Client Assets	$	171,435			$	179,541

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.

First-Quarter Conference Call and Webcast Details

Victory Capital will report first-quarter 2025 financial results after the market closes on Thursday, May 8, 2025. The Company will host a conference call the following morning, Friday, May 9, at 8:00 a.m. ET to discuss the results. Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.

To participate in the conference call, please call 1-800-715-9871 (domestic) or 1-646-307-1963 (international), shortly before 8:00 a.m. ET and reference the Victory Capital Conference Call. A live, listen-only webcast will also be available via the investor relations section of the Company’s website at https://ir.vcm.com. For anyone who is unable to join the live event, an archive of the webcast will be available for replay, at the same location, shortly after the call concludes.

About Victory Capital

Victory Capital is a diversified global asset management firm with total assets under management of $167.5 billion, and $171.4 billion in total client assets, as of March 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 12 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/20250409188131/en/

Contacts

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 as of March 31, 2025?

Victory Capital reported Total Assets Under Management (AUM) of $167.5 billion as of March 31, 2025.

How much were Victory Capital's (VCTR) net flows in Q1 2025?

Victory Capital reported long-term AUM net flows of -$1.2 billion for the first quarter of 2025.

What is the distribution of Victory Capital's (VCTR) assets by vehicle type?

As of March 31, 2025, Mutual Funds held $108.4 billion, Separate Accounts $48.8 billion, and ETFs $10.3 billion.

When will Victory Capital (VCTR) report its Q1 2025 earnings?

Victory Capital will report Q1 2025 financial results after market close on May 8, 2025, with a conference call on May 9.