NPORT-P
false
0000802716
XXXXXXXX
S000053568
C000168362
C000168360
C000168359
Victory Portfolios
811-04852
0000802716
549300V07N3HJP1EW330
4900 Tiedeman Road 4th Floor
Brooklyn
44144
800-539-3863
Victory Global Energy Transition Fund
S000053568
549300X50UTTG6F4HI95
2025-12-31
2025-03-31
N
305312503.50
10983342.30
294329161.20
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
18596819.66000000
N
KEYERA CORP.
254900LXI62FUHZGH122
KEYERA CORP
493271100
383027.00000000
NS
11906871.71000000
4.045427120253
Long
EC
CORP
CA
N
1
N
N
N
Energy Vault Holdings Inc
549300KMBUKUUIQ6FN34
ENERGY VAULT HOLDINGS INC
29280W109
4812387.00000000
NS
USD
3346533.92000000
1.137003858658
Long
EC
CORP
US
N
1
N
N
GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND
N/A
GLDMN SCHS FIN SQ GV-FST
38141W273
2300450.89000000
NS
USD
2300450.88999999
0.781591222772
Long
STIV
RF
US
N
1
N
N
HSBC US GOVERNMENT MONEY MARKET FUND
N/A
HSBC US GOVT MMKT-I
40428X107
2300450.89000000
NS
USD
2300450.88999999
0.781591222772
Long
STIV
RF
US
N
1
N
N
Norsk Hydro ASA
549300N1SDN71ZZ8BO45
NORSK HYDRO ASA
N/A
2088759.00000000
NS
12081650.85000000
4.104809323256
Long
EC
CORP
NO
N
2
N
N
N
MAC COPPER LIMITED
984500A55FX8DC465F12
MAC COPPER LTD
G60409110
1963865.00000000
NS
USD
18735272.10000000
6.365414838140
Long
EC
CORP
JE
N
1
N
N
Nutrien Ltd.
5493002QQ7GD21OWF963
NUTRIEN LTD
67077M108
119014.00000000
NS
USD
5911425.38000000
2.008440263240
Long
EC
CORP
CA
N
1
N
N
N
ILUKA RESOURCES LIMITED
2549009N2Y1F4YNB0955
ILUKA RESOURCES LTD
N/A
6380134.00000000
NS
15549251.25000000
5.282946204380
Long
EC
CORP
AU
N
2
N
N
N
Ivanhoe Electric Inc
N/A
IVANHOE ELECTRIC INC US
46578C108
3320554.00000000
NS
USD
19292418.74000000
6.554708565520
Long
EC
CORP
US
N
1
N
N
N
IVANHOE ELECTRIC INC
N/A
IVANHOE ELECTRIC INC
46578X102
960821.00000000
NS
USD
5582370.01000000
1.896641837064
Long
EC
CORP
US
N
1
N
N
N
WHITECAP RESOURCES INC.
894500O7XZ1G8OL9CB28
WHITECAP RESOURCES INC
96467A200
2233299.00000000
NS
14372332.16000000
4.883081275875
Long
EC
CORP
CA
N
1
N
N
N
LINDE PUBLIC LIMITED COMPANY
5299003QR1WT0EF88V51
NEW LINDE PLC
G54950103
30893.00000000
NS
USD
14385016.52000000
4.887390859047
Long
EC
CORP
IE
N
1
N
N
N
IVANHOE ELECTRIC INC WTS
N/A
IVANHOE ELECTRIC INC WTS
N/A
441014.00000000
NS
USD
314623.80000000
0.106895218508
N/A
DE
CA
N
3
N/A
N/A
Call
Purchased
IVANHOE ELECTRIC INC WTS
IVANHOE ELECTRIC INC WTS
441014.00000000
7.00000000
N/A
2026-02-12
XXXX
310213.66000000
N
N
N
RANGE RESOURCES CORPORATION
H3Y3WLYCX0BTO1TRW162
RANGE RESOURCES CORP
75281A109
534392.00000000
NS
USD
21338272.56000000
7.249798991374
Long
EC
CORP
US
N
1
N
N
N
INVESCO GOVERNMENT & AGENCY PORTFOLIO
N/A
INVESCO GVT & AGNCY-INST
825252885
2300450.89000000
NS
USD
2300450.88999999
0.781591222772
Long
STIV
RF
US
N
1
N
N
TOURMALINE OIL CORP.
894500A5J1WTJ2WIUU03
TOURMALINE OIL CORP
89156V106
219202.00000000
NS
10572394.75000000
3.592031012793
Long
EC
CORP
CA
N
1
N
N
N
ENTERPRISE PRODUCTS PARTNERS L.P.
K4CDIF4M54DJZ6TB4Q48
ENTERPRISE PRODUCTS PARTNERS LP
293792107
285434.00000000
NS
USD
9744716.76000000
3.310822726592
Long
CORP
US
N
1
N
N
N
THE WILLIAMS COMPANIES, INC.
D71FAKCBLFS2O0RBPG08
WILLIAMS COS INC
969457100
168434.00000000
NS
USD
10065615.84000000
3.419850007033
Long
EC
CORP
US
N
1
N
N
N
ARC RESOURCES LTD
5493000OCGNQZEVTDT08
ARC RESOURCES LTD
00208D408
712026.00000000
NS
14315735.76000000
4.863852328336
Long
EC
CORP
CA
N
1
N
N
N
CORPORATION CAMECO
N4BHALMXL3GMZKCUON55
CAMECO CORP
13321L108
194781.00000000
NS
8019199.69000000
2.724568526375
Long
EC
CORP
CA
N
1
N
N
N
ANTERO RESOURCES CORPORATION
APVBKPOULHUX7YZLKU17
ANTERO RESOURCES CORP
03674X106
303409.00000000
NS
USD
12269859.96000000
4.168754434652
Long
EC
CORP
US
N
1
N
N
N
Sociedad Quimica y Minera de Chile S.A.
TJ88LXZZW5PWIN93ZC81
SOCIEDAD QUIMICA Y MINERA DE CHILE SA
833635105
73580.00000000
NS
USD
2923333.40000000
0.993219084402
Long
CORP
CL
N
1
N
N
MSILF Government Portfolio
N/A
MSILF GOVERNMENT-INST
61747C707
2300450.87000000
NS
USD
2300450.86999998
0.781591215977
Long
STIV
RF
US
N
1
N
N
SUNRISE ENERGY METALS LIMITED
529900AYAT2TIC68VA49
SUNRISE ENERGY METALS LTD
N/A
5786876.00000000
NS
989272.56000000
0.336110956850
Long
EC
CORP
AU
N
2
N
N
FIRST QUANTUM MINERALS LTD.
549300I7UVBGWRYMYZ18
FIRST QUANTUM MINERALS LTD
335934105
1342603.00000000
NS
18055019.84000000
6.134295278928
Long
EC
CORP
CA
N
1
N
N
N
COMPASS MINERALS INTERNATIONAL, INC.
2549008X9G8XP7YJGC47
COMPASS MINERALS INTERNATIONAL
20451N101
3458021.00000000
NS
USD
32125015.09000000
10.91465587678
Long
EC
CORP
US
N
1
N
N
N
PEYTO EXPLORATION & DEVELOPMENT CORP.
98450004AE67F646C503
PEYTO EXPLORATION DEVELOPMENT CORP
717046106
1126769.00000000
NS
14275487.43000000
4.850177730197
Long
EC
CORP
CA
N
1
N
N
N
2025-04-30
Victory Portfolios
Carol Trevino
Carol Trevino
Treasurer
XXXX