Victory Capital ended March 2026 with total client assets of $313.1 billion, down $14.0 billion from $327.1 billion at the end of February. Total assets under management fell to $309.8 billion from $324.0 billion a month earlier, a decline of $14.2 billion.
Long-term assets slid to $306.2 billion from $320.3 billion, a drop of $14.0 billion. Money market and short-term assets were $3.6 billion, down $153 million from $3.8 billion.
By asset class, the biggest dollar declines came in U.S. large cap equity, which fell $3.6 billion to $59.8 billion from $63.4 billion; solutions, down $3.7 billion to $92.4 billion from $96.1 billion; and global/non-U.S. equity, down $2.7 billion to $31.5 billion from $34.2 billion. U.S. mid cap equity dropped $2.1 billion to $29.3 billion, while U.S. small cap equity fell $918 million to $10.5 billion. Fixed income declined $1.1 billion to $79.7 billion. Alternative investments rose $105 million to $3.0 billion.
By vehicle, mutual funds decreased to $167.8 billion from $176.2 billion, a decline of $8.4 billion. Separate accounts and other pooled vehicles fell to $125.7 billion from $131.1 billion, down $5.4 billion. ETFs edged down to $16.4 billion from $16.7 billion, a decrease of $324 million.
Other assets increased to $3.27 billion from $3.08 billion, up $185 million. Within that category, institutional assets rose by the same amount.
By region, U.S. client assets declined to $258.1 billion from $269.8 billion, down $11.7 billion. Non-U.S. assets fell to $55.0 billion from $57.3 billion, down $2.3 billion.
For March, average total AUM was $315.3 billion, average other assets were $3.2 billion, and average total client assets were $318.5 billion. For the first quarter, long-term AUM net flows were negative $457 million. The market has reacted to these announcements by moving the company's shares -0.95% to a price of $69.55. For the full picture, make sure to review Victory Capital's 8-K report.
