Victory Capital Management Reduces Stake in Antero Resources

Asset manager sells over 1.2 million shares of oil and gas company

Published on Mar. 8, 2026

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Victory Capital Management Inc. reduced its position in Antero Resources Corporation (NYSE:AR) by 51.7% during the third quarter, according to a recent SEC filing. The fund now owns 1,141,058 shares of the oil and natural gas company's stock, down from 2,364,522 shares previously.

Why it matters

This sale by a major institutional investor could signal a shift in sentiment around Antero Resources, which has seen its stock price fluctuate in recent months amid mixed analyst commentary and market volatility in the energy sector.

The details

According to the filing, Victory Capital Management sold 1,223,464 shares of Antero Resources during the third quarter. The firm now owns approximately 0.37% of the company's outstanding shares, down from 0.76% previously. The sale comes as Antero Resources has faced a range of positive and negative analyst commentary, with some firms upgrading the stock while others have lowered earnings estimates.

  • Victory Capital Management filed the 13F report disclosing the stake reduction on March 8, 2026.

The players

Victory Capital Management Inc.

An independent global asset management firm with over $150 billion in assets under management.

Antero Resources Corporation

An independent oil and natural gas company focused on the development of natural gas, NGLs and oil properties in the Appalachian Basin.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This sale by a major institutional investor like Victory Capital Management could signal growing uncertainty around Antero Resources' outlook, even as the company has received a mix of positive and negative analyst commentary in recent months. Investors will be watching closely to see if other large shareholders follow suit or if Antero can regain their confidence.