NPORT-P false 0000802716 XXXXXXXX S000000788 C000002334 C000169232 C000111271 C000052114 C000002335 C000138366 Victory Portfolios 811-04852 0000802716 549300V07N3HJP1EW330 4900 Tiedeman Road 4th Floor Brooklyn 44144 800-539-3863 Victory Sycamore Established Value Fund S000000788 5493008YBYIRYKBV5463 2025-06-30 2025-06-30 N 17410764935.70 109732732.40 17301032203.30 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 382442062.75000000 N MICROCHIP TECHNOLOGY INCORPORATED 5493007PTFULNYZJ1R12 595017104 2830000.00000000 NS USD 199147100.00000000 1.151070627809 Long EC CORP US N 1 N N N THE MIDDLEBY CORPORATION JDFO86U9VQRBKW5KYA35 596278101 1393000.00000000 NS USD 200592000.00000000 1.159422152637 Long EC CORP US N 1 N N N TEXTRON INC. 3PPKBHUG1HD6BO7RNR87 883203101 3080000.00000000 NS USD 247293200.00000000 1.429355180050 Long EC CORP US N 1 N N N SBA COMMUNICATIONS CORPORATION 5299001HX8ZN8Y8QIT49 78410G104 1157000.00000000 NS USD 271709880.00000000 1.570483638243 Long EC CORP US N 1 N N N THE HARTFORD INSURANCE GROUP, INC. IU7C3FTM7Y3BQM112U94 416515104 2376000.00000000 NS USD 301443120.00000000 1.742341823642 Long EC CORP US N 1 N N N DEVON ENERGY CORPORATION 54930042348RKR3ZPN35 25179M103 5150000.00000000 NS USD 163821500.00000000 0.946888590663 Long EC CORP US N 1 N N N INVESCO GOVERNMENT & AGENCY PORTFOLIO N/A 825252885 25190531.25000000 NS USD 25190531.25000000 0.145601319932 Long STIV RF US N 1 N N PROSPERITY BANCSHARES, INC. N/A 743606105 1232000.00000000 NS USD 86535680.00000000 0.500176399784 Long EC CORP US N 1 N N N Maplebear Inc N/A 565394103 6318000.00000000 NS USD 285826320.00000000 1.652076689074 Long EC CORP US N 1 N N N CF INDUSTRIES HOLDINGS, INC. 529900CG8YAQFZ2JMV97 125269100 2823000.00000000 NS USD 259716000.00000000 1.501158988366 Long EC CORP US N 1 N N N REPUBLIC SERVICES, INC. NKNQHM6BLECKVOQP7O46 760759100 583000.00000000 NS USD 143773630.00000000 0.831011862821 Long EC CORP US N 1 N N N HILTON WORLDWIDE HOLDINGS INC. 549300HVGPK36ICB0B89 43300A203 540000.00000000 NS USD 143823600.00000000 0.831300689519 Long EC CORP US N 1 N N N CAMDEN PROPERTY TRUST 5493002MYX22OHYJBD89 133131102 2623000.00000000 NS USD 295585870.00000000 1.708486907177 Long EC CORP US N 1 N N N LINCOLN ELECTRIC HOLDINGS, INC. BIMGBY40SIN95O01BN93 533900106 1257000.00000000 NS USD 260601240.00000000 1.506275677299 Long EC CORP US N 1 N N N AGCO CORPORATION LYOM0B2GCF1JWXK5ZG04 001084102 2117000.00000000 NS USD 218389720.00000000 1.262293009074 Long EC CORP US N 1 N N N KEYSIGHT TECHNOLOGIES, INC. 549300GLKVIO8YRCYN02 49338L103 1444000.00000000 NS USD 236613840.00000000 1.367628458346 Long EC CORP US N 1 N N N CHORD ENERGY CORPORATION 529900FA4V2YNIKZ0M71 674215207 2110000.00000000 NS USD 204353500.00000000 1.181163630000 Long EC CORP US N 1 N N N MKS INC. 549300KEQATBHAGVF505 55306N104 2580000.00000000 NS USD 256348800.00000000 1.481696565775 Long EC CORP US N 1 N N N FTI CONSULTING, INC. 549300K17GM8EQD0FQ48 302941109 1080000.00000000 NS USD 174420000.00000000 1.008147941408 Long EC CORP US N 1 N N N RAYMOND JAMES FINANCIAL, INC. RGUZHJ05YTITL6D76949 754730109 1665000.00000000 NS USD 255361050.00000000 1.475987368842 Long EC CORP US N 1 N N N US FOODS HOLDING CORP. 549300UGOZSO64CFPR97 912008109 5560000.00000000 NS USD 428175600.00000000 2.474855806108 Long EC CORP US N 1 N N N HUBBELL INCORPORATED 54930088VDQ6840Y6597 443510607 525000.00000000 NS USD 214415250.00000000 1.239320564694 Long EC CORP US N 1 N N N ROSS STORES, INC. 549300ENZFLPGRDFZQ60 778296103 820000.00000000 NS USD 104615600.00000000 0.604678372773 Long EC CORP US N 1 N N N LAMAR ADVERTISING COMPANY 529900Y8WW4MKVPTB543 512816109 2360000.00000000 NS USD 286409600.00000000 1.655448048616 Long EC CORP US N 1 N N N Truist Financial Corporation 549300DRQQI75D2JP341 89832Q109 6119000.00000000 NS USD 263055810.00000000 1.520463096703 Long EC CORP US N 1 N N N APTARGROUP, INC. VNPEQDQFAA7IY1T2PX43 038336103 1625000.00000000 NS USD 254198750.00000000 1.469269272566 Long EC CORP US N 1 N N N STEEL DYNAMICS, INC. 549300HGGKEL4FYTTQ83 858119100 1386000.00000000 NS USD 177421860.00000000 1.025498698084 Long EC CORP US N 1 N N N Franco-Nevada Corporation 98450064C1B5D3E94864 351858105 1356000.00000000 NS USD 222275520.00000000 1.284752940680 Long EC CORP CA N 1 N N N GENPACT LIMITED 529900OSEC6Q0L4L5B35 G3922B107 7122000.00000000 NS USD 313439220.00000000 1.811679305123 Long EC CORP BM N 1 N N N WESTLAKE CORPORATION GOXNEVUM0LL78B1OS344 960413102 2685000.00000000 NS USD 203872050.00000000 1.178380848057 Long EC CORP US N 1 N N N NNN REIT, INC. 5493008JKH5SOTI0JS97 637417106 6790000.00000000 NS USD 293192200.00000000 1.694651489892 Long EC CORP US N 1 N N N PENSKE AUTOMOTIVE GROUP, INC. 549300W7UTQ0M4C7LB15 70959W103 678610.00000000 NS USD 116591984.10000000 0.673901896314 Long EC CORP US N 1 N N N AVERY DENNISON CORPORATION 549300PW7VPFCYKLIV37 053611109 890000.00000000 NS USD 156168300.00000000 0.902653079682 Long EC CORP US N 1 N N N AMERICAN WATER WORKS COMPANY, INC. 549300DXHIJQMD5WFW18 030420103 2190000.00000000 NS USD 304650900.00000000 1.760882798321 Long EC CORP US N 1 N N N TRIMBLE INC. 549300E2MI7NSZFQWS19 896239100 3800000.00000000 NS USD 288724000.00000000 1.668825285146 Long EC CORP US N 1 N N N PACKAGING CORPORATION OF AMERICA 549300XZP8MFZFY8TJ84 695156109 952000.00000000 NS USD 179404400.00000000 1.036957783164 Long EC CORP US N 1 N N N Coterra Energy Inc. FCNMH6O7VWU7LHXMK351 127097103 10700000.00000000 NS USD 271566000.00000000 1.569652011561 Long EC CORP US N 1 N N N PERFORMANCE FOOD GROUP COMPANY 549300EUK8GR9IT1YK57 71377A103 3700000.00000000 NS USD 323639000.00000000 1.870634053488 Long EC CORP US N 1 N N N Regal Rexnord Corporation QH78R09VCJGQKPBPYU33 758750103 1194000.00000000 NS USD 173082240.00000000 1.000415685990 Long EC CORP US N 1 N N N BATH & BODY WORKS, INC. GR3KVMWVCR54YWQNXU90 070830104 8600000.00000000 NS USD 257656000.00000000 1.489252184334 Long EC CORP US N 1 N N N CMS ENERGY CORPORATION 549300IA9XFBAGNIBW29 125896100 2472000.00000000 NS USD 171260160.00000000 0.989884060023 Long EC CORP US N 1 N N N BAKER HUGHES COMPANY N/A 05722G100 6119000.00000000 NS USD 234602460.00000000 1.356002678009 Long EC CORP US N 1 N N N iShares Russell Mid-Cap Value ETF N/A 464287473 910000.00000000 NS USD 120247400.00000000 0.695030207371 Long RF US N 1 N N EBAY INC. OML71K8X303XQONU6T67 278642103 168964.00000000 NS USD 12581059.44000000 0.072718548189 Long EC CORP US N 1 N N N CASEY'S GENERAL STORES, INC. 549300CAFWSI86V66Q65 147528103 350000.00000000 NS USD 178594500.00000000 1.032276559579 Long EC CORP US N 1 N N N GRAPHIC PACKAGING HOLDING COMPANY N/A 388689101 8000000.00000000 NS USD 168560000.00000000 0.974277129938 Long EC CORP US N 1 N N N CROWN HOLDINGS, INC. NYLWZIOY8PUNIT4JOE22 228368106 3302000.00000000 NS USD 340039960.00000000 1.965431634391 Long EC CORP US N 1 N N N ALLIANT ENERGY CORPORATION 5493009ML300G373MZ12 018802108 6910000.00000000 NS USD 417847700.00000000 2.415160523892 Long EC CORP US N 1 N N N AMERICAN FINANCIAL GROUP, INC. 549300AFOM7IVKIU1G39 025932104 1730000.00000000 NS USD 218343300.00000000 1.262024701383 Long EC CORP US N 1 N N N AKAMAI TECHNOLOGIES, INC. OC1LZNN2LF5WTJ5RIL89 00971T101 2555000.00000000 NS USD 203786800.00000000 1.177888102890 Long EC CORP US N 1 N N N EXPEDIA GROUP, INC. N/A 30212P303 1830000.00000000 NS USD 308684400.00000000 1.784196436216 Long EC CORP US N 1 N N N MSILF Government Portfolio N/A 61747C707 25190531.25000000 NS USD 25190531.25000000 0.145601319932 Long STIV RF US N 1 N N LABCORP HOLDINGS INC. N/A 504922105 975000.00000000 NS USD 255947250.00000000 1.479375605989 Long EC CORP US N 1 N N N CARRIER GLOBAL CORPORATION 549300JE3W6CWY2NAN77 14448C104 2399000.00000000 NS USD 175582810.00000000 1.014868985484 Long EC CORP US N 1 N N N J. B. HUNT TRANSPORT SERVICES, INC. 549300XCD1MPI1C5GK90 445658107 1280000.00000000 NS USD 183808000.00000000 1.062410599784 Long EC CORP US N 1 N N N HUNTINGTON BANCSHARES INCORPORATED 549300XTVCVV9I7B5T19 446150104 16405000.00000000 NS USD 274947800.00000000 1.589198822181 Long EC CORP US N 1 N N N TRANSUNION 549300ZS772LUNUMRB03 89400J107 2255000.00000000 NS USD 198440000.00000000 1.146983588425 Long EC CORP US N 1 N N N HOLOGIC, INC. 549300DYP6F5ZJL0LB74 436440101 3961000.00000000 NS USD 258098760.00000000 1.491811338000 Long EC CORP US N 1 N N N FIDELITY NATIONAL FINANCIAL, INC. 549300CAZYIH39SYQ287 31620R303 5800000.00000000 NS USD 325148000.00000000 1.879356076442 Long EC CORP US N 1 N N N RPM INTERNATIONAL INC. 549300TJCKW4BRXPJ474 749685103 1975000.00000000 NS USD 216934000.00000000 1.253878944625 Long EC CORP US N 1 N N N AXALTA COATING SYSTEMS LTD. 529900AGLPA40GV6H619 G0750C108 7390000.00000000 NS USD 219409100.00000000 1.268185027469 Long EC CORP BM N 1 N N N GLOBANT S.A. 2221008DCMSPYS42DS88 L44385109 1100000.00000000 NS USD 99924000.00000000 0.577560915590 Long EC CORP LU N 1 N N N APTIV PLC N/A G3265R107 1660000.00000000 NS USD 113245200.00000000 0.654557477665 Long EC CORP JE N 1 N N N KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. N/A 499049104 5740000.00000000 NS USD 253880200.00000000 1.467428052943 Long EC CORP US N 1 N N N THE COOPER COMPANIES, INC. QJKMVPIGLH7530PCUE20 216648501 2408000.00000000 NS USD 171353280.00000000 0.990422293805 Long EC CORP US N 1 N N N Willis Towers Watson Public Limited Company 549300WHC56FF48KL350 G96629103 1046000.00000000 NS USD 320599000.00000000 1.853062847538 Long EC CORP IE N 1 N N N LANDSTAR SYSTEM, INC. 254900CUQXQRL09MEI52 515098101 1200000.00000000 NS USD 166824000.00000000 0.964243046540 Long EC CORP US N 1 N N N EQUITY LIFESTYLE PROPERTIES, INC. 529900PEQG66LENB6798 29472R108 3430000.00000000 NS USD 211528100.00000000 1.222632832043 Long EC CORP US N 1 N N N XYLEM INC. 549300DF5MV96DRYLQ48 98419M100 2036000.00000000 NS USD 263376960.00000000 1.522319344332 Long EC CORP US N 1 N N N PRINCIPAL FINANCIAL GROUP, INC. CUMYEZJOAF02RYZ1JJ85 74251V102 2969000.00000000 NS USD 235827670.00000000 1.363084394207 Long EC CORP US N 1 N N N GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND N/A 38141W273 25190531.25000000 NS USD 25190531.25000000 0.145601319932 Long STIV RF US N 1 N N HSBC US GOVERNMENT MONEY MARKET FUND N/A 40428X107 25190531.25000000 NS USD 25190531.25000000 0.145601319932 Long STIV RF US N 1 N N BORGWARNER INC. 549300DSFX2IE88NSX47 099724106 5627000.00000000 NS USD 188391960.00000000 1.088905897557 Long EC CORP US N 1 N N N ZEBRA TECHNOLOGIES CORPORATION PO0I32GKZ3HZMMDPZZ08 989207105 618000.00000000 NS USD 190566480.00000000 1.101474627413 Long EC CORP US N 1 N N N RALPH LAUREN CORPORATION HO1QNWM0IXBZ0QSMMO20 751212101 460000.00000000 NS USD 126168800.00000000 0.729255910961 Long EC CORP US N 1 N N N PRIMO BRANDS CORPORATION 254900J0WS4AXV2LAX55 741623102 6215000.00000000 NS USD 184088300.00000000 1.064030734333 Long EC CORP US N 1 N N N OLD REPUBLIC INTERNATIONAL CORPORATION 549300IV6O2YY2A1KH37 680223104 7100000.00000000 NS USD 272924000.00000000 1.577501254219 Long EC CORP US N 1 N N N QUEST DIAGNOSTICS INCORPORATED 8MCWUBXQ0WE04KMXBX50 74834L100 1900000.00000000 NS USD 341297000.00000000 1.972697328052 Long EC CORP US N 1 N N N CHECK POINT SOFTWARE TECHNOLOGIES LTD. 2549003ZVBH73EPNS513 M22465104 1131000.00000000 NS USD 250233750.00000000 1.446351564805 Long EC CORP IL N 1 N N N 2025-07-30 Victory Portfolios Carol Trevino Carol Trevino Treasurer