Victory Capital Management Reduces Public Storage Stake

Institutional investor sells over 10,000 shares of real estate investment trust

Mar. 10, 2026 at 8:22am

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Victory Capital Management Inc. has reduced its stake in Public Storage (NYSE: PSA), a real estate investment trust that specializes in self-storage properties. According to a recent SEC filing, the institutional investor sold 10,906 shares of Public Storage, cutting its total holdings by 12.3% in the third quarter.

Why it matters

Public Storage is one of the largest owners and operators of self-storage facilities in the United States, and its stock performance is closely watched by investors. The reduction in Victory Capital's stake could signal a shift in sentiment around the company, though it's unclear if this is part of a broader portfolio rebalancing or a specific view on Public Storage's prospects.

The details

Victory Capital owned 77,651 shares of Public Storage as of its most recent SEC filing, down from 88,557 shares in the prior quarter. The shares sold represented around 12.3% of the firm's total Public Storage holdings. Victory Capital is a large institutional investor, with over $157 billion in assets under management as of the end of 2025.

  • Victory Capital filed its Q3 2025 13F report in early 2026, disclosing the share sale.

The players

Victory Capital Management Inc.

A large institutional investment management firm with over $157 billion in assets under management.

Public Storage

A real estate investment trust that owns and operates self-storage facilities across the United States.

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The takeaway

The reduction in Victory Capital's Public Storage stake is notable, though the reasons behind the move are unclear. Investors will be watching to see if other large institutional holders make similar adjustments to their positions in the self-storage REIT.