13F HOLDINGS REPORT

VICTORY FINANCIAL GROUP, LLC

Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001754960-25-000601

Total Value

$630.1M

Positions

230

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (230)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464289438	447,463	$110.3M	17.50%
2	SCHWAB STRATEGIC TR	808524797	1,816,341	$48.1M	7.64%
3	ISHARES TR	464288307	387,221	$31.1M	4.93%
4	SELECT SECTOR SPDR TR	81369Y803	106,842	$27.1M	4.29%
5	FIDELITY COVINGTON TRUST	316092840	450,340	$23.4M	3.72%
6	FIRST TR EXCHANGE-TRADED FD	33734H106	517,551	$23.1M	3.67%
7	VANGUARD INDEX FDS	922908363	30,260	$17.2M	2.73%
8	MORGAN STANLEY ETF TRUST	MS-PQ	333,714	$17.0M	2.69%
9	SPDR SERIES TRUST	78468R663	176,671	$16.2M	2.57%
10	DBX ETF TR	233051200	363,821	$15.9M	2.53%
11	ISHARES TR	464287804	134,202	$14.7M	2.33%
12	NVIDIA CORPORATION	NVDA	76,408	$12.1M	1.92%
13	VANGUARD INDEX FDS	922908611	61,280	$12.0M	1.90%
14	PIMCO ETF TR	72201R585	424,814	$11.3M	1.79%
15	FIDELITY MERRIMACK STR TR	316188309	240,015	$11.0M	1.74%
16	SPDR SERIES TRUST	78464A201	113,899	$10.1M	1.60%
17	APPLE INC	AAPL	48,480	$9.9M	1.58%
18	VANECK ETF TRUST	92189F643	94,836	$8.9M	1.41%
19	MICROSOFT CORP	MSFT	13,146	$6.5M	1.04%
20	AMPLIFY ETF TR	032108409	138,402	$5.9M	0.93%
21	SPDR INDEX SHS FDS	78463X509	115,046	$4.9M	0.78%
22	VANGUARD MALVERN FDS	922020748	58,657	$4.6M	0.72%
23	FEDERATED HERMES ETF TRUST	FHI	149,516	$4.5M	0.72%
24	SPDR S&P MIDCAP 400 ETF TR	MDY	7,946	$4.5M	0.71%
25	VANGUARD SCOTTSDALE FDS	92206C813	57,998	$4.4M	0.70%
26	VANGUARD INTL EQUITY INDEX F	922042858	87,753	$4.3M	0.69%
27	VANGUARD SCOTTSDALE FDS	92206C706	69,676	$4.2M	0.66%
28	SELECT SECTOR SPDR TR	81369Y605	77,113	$4.0M	0.64%
29	AMAZON COM INC	AMZN	18,391	$4.0M	0.64%
30	SELECT SECTOR SPDR TR	81369Y852	36,200	$3.9M	0.62%
31	SELECT SECTOR SPDR TR	81369Y704	26,097	$3.8M	0.61%
32	INVESCO EXCHANGE TRADED FD T	IVZ	38,396	$3.8M	0.60%
33	VANGUARD INDEX FDS	922908769	12,266	$3.7M	0.59%
34	VANGUARD WHITEHALL FDS	921946406	26,618	$3.5M	0.56%
35	SIMPLIFY EXCHANGE TRADED FUN	82889N764	115,276	$3.5M	0.55%
36	ISHARES TR	464288513	42,552	$3.4M	0.54%
37	ISHARES TR	464287887	22,756	$3.0M	0.48%
38	TESLA INC	TSLA	9,408	$3.0M	0.47%
39	VANGUARD INDEX FDS	922908538	10,408	$3.0M	0.47%
40	META PLATFORMS INC	META	3,968	$2.9M	0.46%
41	FIRST TR EXCH TRADED FD III	33739P855	147,563	$2.8M	0.44%
42	VANGUARD WELLINGTON FD	921935607	20,808	$2.8M	0.44%
43	BROADCOM INC	AVGO	9,749	$2.7M	0.43%
44	BERKSHIRE HATHAWAY INC DEL	BRK-A	5,483	$2.7M	0.42%
45	SELECT SECTOR SPDR TR	81369Y209	19,473	$2.6M	0.42%
46	INVESCO QQQ TR	IVZ	4,567	$2.5M	0.40%
47	SPDR SERIES TRUST	78468R523	25,313	$2.5M	0.40%
48	ALPHABET INC	GOOG	13,464	$2.4M	0.38%
49	INVESCO EXCHANGE TRADED FD T	IVZ	46,885	$2.1M	0.34%
50	ISHARES TR	46436E718	18,870	$1.9M	0.30%
51	PHILIP MORRIS INTL INC	718172109	9,796	$1.8M	0.28%
52	VANGUARD INDEX FDS	922908629	6,148	$1.7M	0.27%
53	TEXAS INSTRS INC	882508104	8,159	$1.7M	0.27%
54	FIRST TR EXCHNG TRADED FD VI	33740U695	45,153	$1.7M	0.26%
55	TOUCHSTONE ETF TRUST	89157W202	59,623	$1.6M	0.25%
56	GOLDMAN SACHS ETF TR	NVGLF	15,404	$1.5M	0.24%
57	VANGUARD TAX-MANAGED FDS	921943858	24,970	$1.4M	0.23%
58	VISA INC	V	4,003	$1.4M	0.23%
59	UNITEDHEALTH GROUP INC	UNH	4,412	$1.4M	0.22%
60	VANGUARD INDEX FDS	922908744	7,593	$1.3M	0.21%
61	ISHARES TR	464287465	14,114	$1.3M	0.20%
62	JPMORGAN CHASE & CO.	VYLD	4,288	$1.2M	0.20%
63	MARATHON PETE CORP	MARA	7,427	$1.2M	0.20%
64	HOME DEPOT INC	HD	3,181	$1.2M	0.19%
65	SPDR SERIES TRUST	78464A409	12,091	$1.2M	0.18%
66	LISTED FDS TR	53656G498	20,372	$1.1M	0.18%
67	TAIWAN SEMICONDUCTOR MFG LTD	874039100	4,705	$1.1M	0.17%
68	VANGUARD INDEX FDS	922908512	6,423	$1.1M	0.17%
69	BONDBLOXX ETF TRUST	09789C721	20,669	$1.1M	0.17%
70	OCCIDENTAL PETE CORP	674599105	24,851	$1.0M	0.17%
71	VANGUARD SCOTTSDALE FDS	92206C680	9,376	$1.0M	0.16%
72	ABBVIE INC	ABBV	5,367	$996,225	0.16%
73	ELI LILLY & CO	LLY	1,269	$989,525	0.16%
74	NETFLIX INC	NFLX	720	$964,174	0.15%
75	ADVANCED MICRO DEVICES INC	AMD	6,753	$958,251	0.15%
76	WALMART INC	WMT	9,629	$941,531	0.15%
77	ISHARES TR	464287614	2,092	$888,035	0.14%
78	ISHARES TR	46432F842	10,633	$887,638	0.14%
79	JD.COM INC	JDCMF	27,178	$887,090	0.14%
80	SCHWAB STRATEGIC TR	808524201	36,077	$881,722	0.14%
81	CAPITAL GROUP DIVIDEND VALUE	14020W106	21,997	$868,662	0.14%
82	CME GROUP INC	CME	3,044	$838,987	0.13%
83	EXXON MOBIL CORP	XOM	7,667	$826,472	0.13%
84	CHEVRON CORP NEW	CVX	5,729	$820,299	0.13%
85	ALPHABET INC	GOOG	4,613	$818,292	0.13%
86	SPDR S&P 500 ETF TR	SPY	1,324	$817,789	0.13%
87	ISHARES TR	464287655	3,743	$807,663	0.13%
88	ABRDN ETFS	003261104	38,298	$795,449	0.13%
89	ISHARES TR	464287671	5,240	$788,116	0.13%
90	MGIC INVT CORP WIS	552848103	27,459	$764,459	0.12%
91	FIRST TR EXCHANGE TRADED FD	33738R506	11,898	$746,464	0.12%
92	ORACLE CORP	ORCL-PD	3,357	$733,867	0.12%
93	ISHARES TR	464289420	8,457	$712,015	0.11%
94	TAPESTRY INC	TPR	7,921	$695,543	0.11%
95	POWELL INDS INC	739128106	3,296	$693,643	0.11%
96	SCHWAB STRATEGIC TR	808524847	32,422	$686,050	0.11%
97	ISHARES TR	464287507	10,914	$676,900	0.11%
98	VERIZON COMMUNICATIONS INC	VZ	15,640	$676,757	0.11%
99	ACCENTURE PLC IRELAND	ACN	2,262	$676,089	0.11%
100	JOHNSON & JOHNSON	JNJ	4,385	$669,751	0.11%
101	ENTERPRISE PRODS PARTNERS L	293792107	21,324	$661,257	0.10%
102	AB ACTIVE ETFS INC	00039J608	17,361	$650,565	0.10%
103	INTERNATIONAL BUSINESS MACHS	INTR	2,122	$625,658	0.10%
104	PALANTIR TECHNOLOGIES INC	PLTR	4,503	$613,849	0.10%
105	PROCTER AND GAMBLE CO	742718109	3,842	$612,174	0.10%
106	GOLDMAN SACHS GROUP INC	GSCE	861	$609,373	0.10%
107	CATERPILLAR INC	CAT	1,561	$606,094	0.10%
108	SELECT SECTOR SPDR TR	81369Y506	7,042	$597,204	0.09%
109	ISHARES TR	464287663	6,269	$593,231	0.09%
110	ISHARES TR	464288588	6,274	$589,049	0.09%
111	MCDONALDS CORP	MCD	2,011	$587,554	0.09%
112	HARTFORD FDS EXCHANGE TRADED	41653L305	17,010	$576,129	0.09%
113	AMERICAN ELEC PWR CO INC	025537101	5,514	$572,133	0.09%
114	VANGUARD CHARLOTTE FDS	92203J407	11,451	$566,947	0.09%
115	VANGUARD SCOTTSDALE FDS	92206C870	6,815	$565,063	0.09%
116	INVESCO EXCHANGE TRADED FD T	IVZ	5,278	$562,987	0.09%
117	SALESFORCE INC	CRM	2,030	$553,584	0.09%
118	AMERICAN EXPRESS CO	AXP	1,717	$547,689	0.09%
119	ISHARES TR	464287200	870	$539,916	0.09%
120	BANK AMERICA CORP	060505104	11,313	$535,352	0.08%
121	SCHWAB STRATEGIC TR	808524300	18,284	$534,086	0.08%
122	KEURIG DR PEPPER INC	KDP	16,096	$532,134	0.08%
123	SCHWAB STRATEGIC TR	808524755	12,807	$512,536	0.08%
124	KRANESHARES TRUST	500767306	14,828	$509,045	0.08%
125	RTX CORPORATION	RTX	3,357	$490,189	0.08%
126	ISHARES TR	464288414	4,503	$470,473	0.07%
127	T-MOBILE US INC	TMUSZ	1,963	$467,704	0.07%
128	ISHARES TR	464287226	4,710	$467,228	0.07%
129	MICRON TECHNOLOGY INC	MU	3,775	$465,269	0.07%
130	COSTCO WHSL CORP NEW	22160K105	467	$462,302	0.07%
131	SOUTHSTATE CORPORATION	SSB	4,966	$457,021	0.07%
132	VANGUARD WHITEHALL FDS	921946810	4,857	$437,713	0.07%
133	LAZARD ACTIVE ETF TR	LAZ	16,467	$437,706	0.07%
134	ISHARES TR	46432F339	2,346	$428,805	0.07%
135	HUBBELL INC	HUBB	1,035	$422,704	0.07%
136	MASTERCARD INCORPORATED	MA	750	$421,455	0.07%
137	ISHARES TR	464287432	4,744	$418,663	0.07%
138	COCA COLA CO	KO	5,825	$412,109	0.07%
139	ISHARES TR	464287150	3,028	$408,867	0.06%
140	LAM RESEARCH CORP	LRCX	4,114	$400,457	0.06%
141	AMERICAN CENTY ETF TR	025072802	5,002	$396,559	0.06%
142	TJX COS INC NEW	872540109	3,207	$396,032	0.06%
143	PACER FDS TR	69374H881	7,151	$394,020	0.06%
144	FIRST TR EXCHNG TRADED FD VI	33740U372	12,806	$387,638	0.06%
145	DUPONT DE NEMOURS INC	DD	5,493	$376,792	0.06%
146	MORGAN STANLEY	MS-PQ	2,669	$375,955	0.06%
147	SPDR GOLD TR	GLD	1,227	$374,026	0.06%
148	GE AEROSPACE	369604301	1,450	$373,216	0.06%
149	LAMAR ADVERTISING CO NEW	LAMR	3,018	$366,264	0.06%
150	APPLOVIN CORP	APP	1,045	$365,834	0.06%
151	DANAOS CORPORATION	DAC	4,178	$360,311	0.06%
152	ISHARES TR	464288281	3,818	$353,623	0.06%
153	FERGUSON ENTERPRISES INC	FERG	1,606	$349,707	0.06%
154	VANGUARD INDEX FDS	922908751	1,474	$349,307	0.06%
155	ISHARES TR	464287879	3,509	$349,108	0.06%
156	BENTLEY SYS INC	BSY	6,247	$337,151	0.05%
157	ISHARES TR	464287499	3,639	$334,691	0.05%
158	WESTERN ALLIANCE BANCORP	WAL-PA	4,264	$332,507	0.05%
159	AT&T INC	T-PC	11,332	$327,957	0.05%
160	VANGUARD MUN BD FDS	922907746	6,655	$326,290	0.05%
161	LINDE PLC	LIN	693	$325,175	0.05%
162	BOEING CO	BA-PA	1,526	$319,743	0.05%
163	UBER TECHNOLOGIES INC	UBER	3,301	$307,983	0.05%
164	STEEL DYNAMICS INC	STLD	2,402	$307,480	0.05%
165	HONEYWELL INTL INC	438516106	1,304	$303,743	0.05%
166	PGIM ETF TR	69344A206	8,506	$301,878	0.05%
167	WELLS FARGO CO NEW	949746101	3,734	$299,193	0.05%
168	MERCK & CO INC	MRK	3,757	$297,412	0.05%
169	SERVICENOW INC	NOW	285	$293,003	0.05%
170	PALO ALTO NETWORKS INC	PANW	1,430	$292,663	0.05%
171	S&P GLOBAL INC	SPGI	549	$289,482	0.05%
172	CISCO SYS INC	CSCO	4,146	$287,649	0.05%
173	LOCKHEED MARTIN CORP	LMT	615	$284,780	0.05%
174	AMGEN INC	AMGN	1,009	$281,723	0.04%
175	SPDR SERIES TRUST	78468R622	2,889	$281,004	0.04%
176	ADOBE INC	ADBE	718	$277,780	0.04%
177	SPDR SERIES TRUST	78464A672	9,499	$273,290	0.04%
178	DUKE ENERGY CORP NEW	DUKB	2,295	$270,794	0.04%
179	NEXTERA ENERGY INC	NEE-PW	3,856	$267,650	0.04%
180	EATON CORP PLC	ETN	744	$265,601	0.04%
181	RENASANT CORP	RNST	7,328	$263,295	0.04%
182	ETF OPPORTUNITIES TRUST	26923N108	5,582	$263,232	0.04%
183	NETAPP INC	NTAP	2,470	$263,179	0.04%
184	ARES MANAGEMENT CORPORATION	ARES-PB	1,504	$260,493	0.04%
185	DIREXION SHS ETF TR	25459Y207	2,609	$256,491	0.04%
186	NIO INC	NIOIF	74,702	$256,228	0.04%
187	DISNEY WALT CO	254687106	2,061	$255,585	0.04%
188	MOODYS CORP	MCO	509	$255,309	0.04%
189	ISHARES TR	46429B697	2,680	$251,572	0.04%
190	CROWDSTRIKE HLDGS INC	CRWD	488	$248,543	0.04%
191	MICROSTRATEGY INC	STRK	612	$247,389	0.04%
192	SPDR SERIES TRUST	78464A508	4,679	$244,904	0.04%
193	INTUIT	INTU	310	$244,165	0.04%
194	TRUIST FINL CORP	89832Q109	5,679	$244,140	0.04%
195	EA SERIES TRUST	02072L615	5,303	$244,051	0.04%
196	ROCKWELL AUTOMATION INC	ROK	724	$240,491	0.04%
197	CADENCE DESIGN SYSTEM INC	CDNS	778	$239,741	0.04%
198	GE VERNOVA INC	GEV	451	$238,650	0.04%
199	QUALCOMM INC	QCOM	1,489	$237,138	0.04%
200	VANGUARD SCOTTSDALE FDS	92206C409	2,979	$236,831	0.04%
201	ABBOTT LABS	ABLZF	1,729	$235,161	0.04%
202	ISHARES TR	46435U853	6,145	$230,503	0.04%
203	XCEL ENERGY INC	XELLL	3,366	$229,225	0.04%
204	PETROLEO BRASILEIRO SA PETRO	71654V408	18,045	$225,743	0.04%
205	VANGUARD SCOTTSDALE FDS	92206C102	3,840	$225,735	0.04%
206	ISHARES INC	46434G103	3,707	$222,534	0.04%
207	ISHARES TR	464289446	1,446	$221,412	0.04%
208	SPDR SERIES TRUST	78464A805	2,953	$221,116	0.04%
209	VANGUARD INDEX FDS	922908736	503	$220,701	0.04%
210	TRANE TECHNOLOGIES PLC	TT	495	$216,518	0.03%
211	ILLINOIS TOOL WKS INC	452308109	873	$215,849	0.03%
212	STARBUCKS CORP	SBUX	2,354	$215,694	0.03%
213	ARM HOLDINGS PLC	042068205	1,318	$213,173	0.03%
214	SPOTIFY TECHNOLOGY S A	SPOT	272	$208,716	0.03%
215	BOSTON SCIENTIFIC CORP	BSX	1,938	$208,161	0.03%
216	INTERCONTINENTAL EXCHANGE IN	45866F104	1,133	$207,872	0.03%
217	ISHARES TR	464287622	612	$207,773	0.03%
218	AMERIPRISE FINL INC	03076C106	388	$207,087	0.03%
219	CHENIERE ENERGY INC	LNG	848	$206,507	0.03%
220	ARISTA NETWORKS INC	ANET	1,987	$203,290	0.03%
221	SCHWAB STRATEGIC TR	808524870	7,604	$202,875	0.03%
222	PFIZER INC	PFE	8,313	$201,504	0.03%
223	AMERICAN CENTY ETF TR	025072877	2,206	$200,981	0.03%
224	FIRST TR EXCHNG TRADED FD VI	33740F599	4,481	$200,928	0.03%
225	HEALTHPEAK PROPERTIES INC	DOC	10,050	$175,976	0.03%
226	AMERICAN EAGLE OUTFITTERS IN	AEO	17,916	$172,352	0.03%
227	GRAN TIERRA ENERGY INC	GTE	24,485	$116,793	0.02%
228	TORTOISE CAPITAL SERIES TRUS	890930209	11,256	$103,265	0.02%
229	FASTLY INC	FSLY	12,114	$85,525	0.01%
230	LUCID GROUP INC	LCID	22,024	$46,471	0.01%