# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-25-210079
**Filing Date:** 2025-8
**Character Count:** 20485
**Document Hash:** 32b34152f0f17ee050d8d96cfabca65a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210079.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210079

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 251268249

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory RS Large Cap Alpha Fund (Series ID: S000053560)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168329 | Class A      | GPAFX           |
| C000168330 | Class C      | RCOCX           |
| C000168332 | Class Y      | RCEYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Victory RS Large Cap Alpha Fund

- **b. EDGAR series identifier (if any):** S000053560

- **c. LEI of Series:** 549300KHCTM3U5X5J271

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $521536685.57

**Total Liabilities:** $374657.34

**Net Assets:** $521162028.23

**Cash Not Reported:** $22191333.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168330 | -2.77%               | 3.13%                | 3.06%                |
| Class ID C000168329 | -2.71%               | 3.20%                | 3.13%                |
| Class ID C000168332 | -2.69%               | 3.21%                | 3.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4446797.98             | $-10599278.95                              |
| Month 2  | $4155404.49              | $10675252.53                               |
| Month 3  | $1019413.03              | $14229770.67                               |

### Schedule of Portfolio Investments

| Name                                     | Title                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PPG INDUSTRIES, INC.                     | PPG INDUSTRIES INC                 | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     70830 | NS      | $8056912.50   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                      | EVEREST GROUP LTD                  | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     49030 | NS      | $16662845.50  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.          | GE HEALTHCARE TECHNOLOGIES INC     | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     67450 | NS      | $4996021.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.   | PNC FINANCIAL SERVICES GROUP INC   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     63810 | NS      | $11895460.20  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION           | ZEBRA TECHNOLOGIES CORP            | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     28050 | NS      | $8649498.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTERNATIONAL INC.                  | CACI INTERNATIONAL INC CLASS A     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     26340 | NS      | $12556278.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY, INC.    | AMERICAN ELECTRIC POWER CO INC     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     82450 | NS      | $8555012.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION              | PROGRESSIVE CORP                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     23450 | NS      | $6257867.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES, INC.                     | ANALOG DEVICES INC                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     33760 | NS      | $8035555.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                              | ABBVIE INC                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     38980 | NS      | $7235467.60   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION    | HONEYWELL INTERNATIONAL INC        | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     41930 | NS      | $9764658.40   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                  | KEYCORP                            | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    989220 | NS      | $17232212.40  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL INDUSTRIES LIMITED   | TEVA PHARMACEUTICAL INDUSTRIES LTD | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |    702100 | NS      | $11767196.00  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                     | MCKESSON CORP                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     10160 | NS      | $7445044.80   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                       | EXELON CORP                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    287780 | NS      | $12495407.60  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                  | EXXON MOBIL CORP                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    118010 | NS      | $12721478.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                           | CITIGROUP INC                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    221790 | NS      | $18878764.80  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                      | TOLL BROTHERS INC                  | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     62200 | NS      | $7098886.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORPORATION                          | RTX CORP                           | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     51582 | NS      | $7532003.64   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORPORATION                   | CVS HEALTH CORP                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    105820 | NS      | $7299463.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                            | ALPHABET INC CLASS A               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     44310 | NS      | $7808751.30   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC.                    | KEURIG DR PEPPER INC               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    304580 | NS      | $10069414.80  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP.                   | US FOODS HOLDING CORP              | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    150390 | NS      | $11581533.90  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                               | UNUM GROUP                         | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |    126980 | NS      | $10254904.80  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C TECHNOLOGIES HOLDINGS, INC.         | SSNC TECHNOLOGIES HLDGS INC        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    169400 | NS      | $14026320.00  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS L.P.        | ENTERPRISE PRODUCTS PARTNERS LP    | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             |  | CORP              | US        |    357580 | NS      | $11088555.80  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                        | JOHNSON JOHNSON                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     50030 | NS      | $7642082.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                   | SEALED AIR CORP                    | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    220932 | NS      | $6855519.96   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                        | MERCK CO INC                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     86260 | NS      | $6828341.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                | CBOE GLOBAL MARKETS INC            | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     44280 | NS      | $10326538.80  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES, INC.        | EQUITY LIFESTYLE PROPERTIES INC    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    144870 | NS      | $8934132.90   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORPORATION             | GENERAL DYNAMICS CORP              | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     21830 | NS      | $6366937.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.             | MONDELEZ INTERNATIONAL INC         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    152050 | NS      | $10254252.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                          | LKQ CORPORATION                    | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    322220 | NS      | $11925362.20  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                  | APPLIED MATERIALS INC              | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     36730 | NS      | $6724161.10   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                          | CIGNA GROUP THE                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     50390 | NS      | $16657926.20  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED       | FAIRFAX FINANCIAL HOLDINGS LTD     | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      9800 | NS      | $17691245.59  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORPORATION                        | FEDEX CORP                         | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     32630 | NS      | $7417125.30   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC       | JOHNSON CONTROLS INTERNATIONAL PLC | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     77280 | NS      | $8162313.60   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                | VALERO ENERGY CORP                 | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     49340 | NS      | $6632282.80   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                    | CAMDEN PROPERTY TRUST              | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     84900 | NS      | $9567381.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY | EATON CORP PLC                     | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     30480 | NS      | $10881055.20  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                     | JPMORGAN CHASE CO                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     45310 | NS      | $13135822.10  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                             | MATTEL INC                         | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    350750 | NS      | $6916790.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.      | TAKE TWO INTERACTIVE SOFTWARE      | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     40460 | NS      | $9825711.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY, INC.                             | CORPAY INC                         | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     22800 | NS      | $7565496.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY         | MEDTRONIC PLC                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    121050 | NS      | $10551928.50  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                         | SALESFORCE INC                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     33020 | NS      | $9004223.80   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                     | AMPHENOL CORP CLASS A              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     63980 | NS      | $6318025.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY             | PROCTER GAMBLE CO                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     33000 | NS      | $5257560.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                    | LEIDOS HOLDINGS INC                | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     46020 | NS      | $7260115.20   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer