Victory Capital Holdings, Inc. (NASDAQ: VCTR) has reported its Total Assets Under Management (AUM) and client assets for May 2025, following the close of the Amundi transaction. As of May 31, 2025, the company's AUM stood at $289.4 billion, with other assets totaling $3.7 billion, resulting in total client assets of $293.1 billion.
Comparing this to the previous month, the average total AUM for May was $285.5 billion, with average other assets amounting to $3.6 billion, and average total client assets totaling $289.2 billion. This reflects an increase in all three metrics from April to May 2025.
Additionally, Victory Capital issued 5.4 million shares of its preferred stock to Amundi S.A. on May 23, 2025, which increased the total number of fully diluted shares to approximately 88.3 million shares. However, based on the timing of share issuances, the estimated fully diluted shares outstanding in the second quarter are expected to be approximately 85 million shares.
Following the successful integration of the Pioneer Investment business on April 1st, the company's consolidated fee rate realization beginning in the second quarter and going forward is projected to be in the range of 46 to 47 basis points. This represents a change from the previous fee rate realization. Moreover, the total amount of net expense synergies and the timing to realize them remain unchanged.
In terms of asset class, the breakdown of total client assets as of May 31, 2025, is as follows (in millions): Solutions: $76,395 Fixed Income: $78,952 U.S. Mid Cap Equity: $31,074 U.S. Small Cap Equity: $12,849 U.S. Large Cap Equity: $58,921 Global / Non-U.S. Equity: $24,549 * Alternative Investments: $2,965
Comparing this to April 30, 2025, there has been a notable increase in total long-term assets, which rose from $275.6 billion to $285.7 billion over this period.
In terms of the breakdown by vehicle, the total AUM as of May 31, 2025, is as follows (in millions): Mutual Funds: $163,421 Separate Accounts and Other Pooled Vehicles: $114,732 * ETFs: $11,233
This represents an increase in AUM across all three categories from the previous period.
Lastly, by region, Victory Capital reported total client assets of $293.1 billion, with U.S. assets amounting to $246,520 million and non-U.S. assets totaling $46,578 million. This reflects an increase in both U.S. and non-U.S. assets compared to the previous period.
Today the company's shares have moved -2.3% to a price of $61.795. For the full picture, make sure to review Victory Capital's 8-K report.
