8-K: Victory Capital Reports Significant Client Asset Growth in June, Despite Quarterly Net Outflows

Victory Capital Holdings, Inc. announced Total Client Assets reached $301.6 billion as of June 30, 2025, reflecting an increase from May, even with $660 million in long-term Assets Under Management (AUM) net outflows for the second quarter.

Summary

• Victory Capital Holdings, Inc. reported Total Assets Under Management (AUM) of $298.6 billion as of June 30, 2025.
• Total Client Assets reached $301.6 billion as of June 30, 2025, which includes $3.1 billion in Other Assets.
• For the month of June 2025, average Total AUM was $293.7 billion, and average Total Client Assets was $297.0 billion.
• The company experienced long-term AUM net outflows of $660 million for the second quarter of 2025.
• Total Client Assets increased from $293.097 billion on May 31, 2025, to $301.613 billion on June 30, 2025.
• Total AUM increased from $289.386 billion on May 31, 2025, to $298.563 billion on June 30, 2025.
• The company is scheduled to report second-quarter 2025 financial results after market close on Thursday, August 7, 2025, with a conference call on Friday, August 8, 2025, at 8:00 a.m. ET.

Sentiment

Score: 7

Explanation: The significant increase in Total Client Assets and AUM month-over-month indicates strong market performance and asset retention, despite the reported long-term AUM net outflows for the quarter. The overall growth in managed assets is a positive indicator for an asset management firm.

Positives

• Total Client Assets increased significantly to $301.6 billion as of June 30, 2025, up from $293.097 billion on May 31, 2025.
• Total Assets Under Management (AUM) grew to $298.6 billion as of June 30, 2025, from $289.386 billion on May 31, 2025.
• Growth was observed across most asset classes from May 31, 2025, to June 30, 2025, including Solutions ($76,395M to $79,988M), Fixed Income ($78,952M to $79,752M), U.S. Mid Cap Equity ($31,074M to $31,643M), U.S. Small Cap Equity ($12,849M to $13,150M), U.S. Large Cap Equity ($58,921M to $61,844M), Global / Non-U.S. Equity ($24,549M to $25,576M), and Alternative Investments ($2,965M to $2,986M).
• Assets by vehicle also showed increases, with Mutual Funds growing from $163,421M to $167,973M, Separate Accounts and Other Pooled Vehicles from $114,732M to $118,615M, and ETFs from $11,233M to $11,975M.

Negatives

• The company reported long-term AUM net outflows of $660 million for the second quarter of 2025.

Future Outlook

The document primarily reports historical Assets Under Management (AUM) data and announces an upcoming earnings call for second-quarter 2025 financial results. No explicit forward-looking statements or guidance on future AUM or financial performance are provided beyond the scheduled earnings release.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this specific filing.

Industry Context

The document reports on Assets Under Management (AUM) and client asset figures, which are critical performance indicators for asset management firms. The growth in total client assets and AUM month-over-month suggests positive market performance or successful asset retention, while the reported quarterly net outflows indicate challenges in attracting or retaining new long-term capital. These figures are key for assessing the firm's competitive position and market share within the broader financial services industry.

Comparison to Industry Standards

• No specific comparable companies, projects, or results are mentioned in the document to allow for a direct comparison to industry standards.

Stakeholder Impact

• Shareholders: The reported AUM and client asset figures are key performance indicators that can influence the company's valuation and stock price.
• Clients: The AUM figures reflect the total value of assets managed on behalf of clients, indicating the scale of the firm's operations and client trust.

Next Steps

• Release of second-quarter 2025 financial results after market close on Thursday, August 7, 2025.
• Host a conference call to discuss second-quarter 2025 financial results on Friday, August 8, 2025, at 8:00 a.m. ET.

Key Dates

Recommendation

Keywords

Asset Management, AUM, Client Assets, Investment, Financial Services, Victory Capital, VCTR, NASDAQ, Mutual Funds, ETFs, Separate Accounts, Financial Results