Victory Financial Group, LLC
- SEC CIK
- 0002011333
- Latest filing
- Jul 28, 2026
The latest 13F from Victory Financial Group, LLC covers Q2 2026 (filed Jul 28, 2026): 397 long positions worth $951.8M. The top 10 holdings make up 44.1% of the portfolio, and the largest is iShares Russell Top 200 Growth ETF at 13.8%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2023.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 80
- Est. +$57.7M
- Added
- 165
- Est. +$48.8M
- Reduced
- 148
- Est. −$49.9M
- Sold out
- 30
- Est. −$21.8M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Russell Top 200 Growth ETF46428943813.8%$131.7M
- Schwab US Dividend Equity ETF8085247975.0%$48.0M
- iShares Tr4642883074.5%$42.4M
- State Street Technology Select Sector SPDR ETF81369Y8034.1%$38.7M
- Fidelity High Dividend ETF3160928404.1%$38.6M
Biggest buys
New and added positions, by estimated amount bought
- Bondbloxx ETF Trust09789C861+$19.2MNew
- Fidelity High Dividend ETF316092840+$5.51MAdded
- iShares Semiconductor ETF464287523+$4.41MNew
- State Street Technology Select Sector SPDR ETF81369Y803+$4.33MAdded
- State Street Materials Select Sector SPDR ETF81369Y100+$3.55MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Bondbloxx ETF Trust09789C861+2.02 pp0.0% → 2.0%
- State Street Technology Select Sector SPDR ETF81369Y803+1.12 pp2.9% → 4.1%
- iShares Semiconductor ETF464287523+0.46 pp0.0% → 0.5%
- State Street Materials Select Sector SPDR ETF81369Y100+0.37 pp<0.1% → 0.4%
- First Tr Exchange-Traded FD33734X846+0.33 pp0.0% → 0.3%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Morgan Stanley ETF Trust61774R841−$10.2MReduced
- Vanguard Scottsdale FDS92206C706−$4.97MReduced
- Vanguard Malvern FDS922020748−$4.91MSold out
- Invesco Exchange Traded FD T46137V274−$4.85MSold out
- State Street Communication Services Select Sector SPDR ETF81369Y852−$4.46MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Morgan Stanley ETF Trust61774R841−1.37 pp2.0% → 0.7%
- Schwab US Dividend Equity ETF808524797−0.71 pp5.8% → 5.0%
- Fidelity Merrimack STR Tr316188309−0.67 pp1.4% → 0.7%
- Vanguard Scottsdale FDS92206C706−0.62 pp0.7% → <0.1%
- Vanguard Malvern FDS922020748−0.60 pp0.6% → 0.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $951.8M
- +$137.9M (+16.9%) vs. prior quarter
- Positions
- 397
- +50 vs. prior quarter
- Top 10 concentration
- 44.1%
- Top 10 as share of value
- Turnover
- 8.1%
- Q2 2026, one quarter
- Average holding period
- 6.0 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2023), so positions held before then are understated.
13F filings by quarter
10 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $951.8M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 28, 2026 | 397 | $951.8M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 27, 2026 | 347 | $813.9M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 15, 2026 | 315 | $794.8M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 248 | $727.3M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 13, 2025 | 230 | $630.1M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q1 2025 | SEC |
| Q1 2025 | May 12, 2025 | 185 | $521.1M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 11, 2025 | 138 | $380.5M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | – | SEC |
| Q2 2024 | Aug 14, 2024 | 78 | $213.7M | iShares Russell Top 200 Growth ETFSchwab US Dividend Equity ETFiShares Tr | vs. Q1 2024 | SEC |
| Q1 2024 | May 14, 2024 | 60 | $168.9M | Schwab US Dividend Equity ETFiShares Russell Top 200 Growth ETFiShares Tr | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 13, 2024 | 63 | $147.9M | Schwab US Dividend Equity ETFiShares Russell Top 200 Growth ETFFirst Tr Exchange-Traded FD | – | SEC |