VICTORY FINANCIAL GROUP, LLC

RIA/Wealth

VICTORY FINANCIAL GROUP, LLC is a RIA/Wealth based in Austin, TX led by Jeffrey Wayne Davidson, managing $724.8M across 244 long positions as of Q3 2025 with 81% ETF concentration, 51% concentrated in top 10 holdings, and 17% allocation to IWY.

FounderJeffrey Wayne Davidson

Portfolio Value: $724.8M
Positions: 244
Top Holding: IWY at 16.68%
Last Reported: Q3 2025

Address6500 River Place Blvd., Bldg. 1, Ste. 203, Austin, TX, 78730, United States

Top Holdings

Largest long holdings in VICTORY FINANCIAL GROUP, LLC's portfolio (50.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Russell Top 200 Growth IWY	ETF ETF	$120.9M	16.68%	-$1.6M Sold	— 441.7K shares	Q4 2024 Held for 11 months
2 Schwab US Dividend Equity SCHD	ETF ETF	$52.8M	7.29%	+$3.2M Bought	— 1.9M shares	Q4 2024 Held for 11 months
3 iShares Morningstar Mid-Cap Growth IMCG	ETF ETF	$34.1M	4.71%	+$2.1M Bought	— 412.5K shares	Q4 2024 Held for 11 months
4 Technology Select Sector SPDR Fund XLK	ETF ETF	$30.6M	4.22%	+$444.7K Bought	— 108.4K shares	Q4 2024 Held for 11 months
5 First Trust Value Line Dividend Fund FVD	ETF ETF	$25.9M	3.57%	+$1.9M Bought	— 559.1K shares	Q4 2024 Held for 11 months
6 Fidelity High Dividend FDVV	ETF ETF	$25.5M	3.52%	+$392.8K Bought	— 457.4K shares	Q4 2024 Held for 11 months
7 Vanguard S&P 500 ETF VOO	ETF ETF	$23.0M	3.17%	+$4.4M Bought	— 37.5K shares	Q4 2024 Held for 11 months
8 iShares MSCI Intl Value Factor IVLU	ETF ETF	$20.4M	2.82%	+$20.4M New	— 574.4K shares	Q3 2025 Held for 2 months
9 EVTR Eaton Vance Total Return Bond EVTR	ETF ETF	$19.1M	2.63%	+$1.9M Bought	— 370.2K shares	Q4 2024 Held for 11 months
10 Nvidia NVDA	Semiconductors Technology	$15.9M	2.20%	+$1.7M Bought	0.00% 85.4K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in VICTORY FINANCIAL GROUP, LLC's latest filing

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Market Value

$724.8M

Prior: $629.2M

Q/Q Change

+15.19%

+$95.6M

Net Flows % of MV

+7.28%

Turnover Ratio

8.53%

New Purchases

42 stocks

$41.5M

Added To

106 stocks

+$50.9M

Sold Out Of

29 stocks

$10.7M

Reduced Holdings

86 stocks

-$29.0M

Increased Positions

Position	Shares Δ	Change
1 iShares MSCI Intl Value Factor IVLU	New	0 → 574.4K +$20.4M
2 ARK Next Generation Internet ARKW	New	0 → 16.6K +$2.9M
3 SoFi Technologies, Inc. SOFI	New	0 → 53.5K +$1.4M
4 BUFP PGIM Laddered Fund of Buffer 12 BUFP	New	0 → 45.3K +$1.3M
5 iShares International Select Dividend IDV	New	0 → 28.5K +$1.0M

Decreased Positions

Position	Shares Δ	Change
1 FT Vest U.S. Equity Moderate Buffer ETF GOCT	Sold	45.2K → 0 −$1.7M
2 JD JD.com JD	Sold	27.2K → 0 −$887.1K
3 abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI	Sold	38.3K → 0 −$795.4K
4 Schwab U.S. REIT SCHH	Sold	32.4K → 0 −$686.1K
5 iShares MBS MBB	Sold	6.3K → 0 −$589.0K

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Analytics

Portfolio insights and performance metrics for VICTORY FINANCIAL GROUP, LLC

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Sector Allocation

ETF

80.80%

Technology

7.80%

Consumer Cyclical

2.20%

Financial Services

2.00%

Communication Services

1.50%

Industrials

1.00%

Healthcare

0.90%

Consumer Defensive

0.70%

Energy

0.60%

Basic Materials

0.40%

Utilities

0.20%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

12.94%

Large Cap ($10B - $200B)

3.54%

Mid Cap ($2B - $10B)

0.50%

Small Cap ($300M - $2B)

0.19%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.03%

N/A (ETF or Unknown)

82.78%

Portfolio Concentration

Top 10 Holdings %

50.8%

Top 20 Holdings %

67.02%

Top 50 Holdings %

82.81%

Top 100 Holdings %

91.78%