Victory Capital Management Boosts Stake in St. Joe Company

Investment firm increases ownership in Florida real estate developer by over 50%

Published on Mar. 10, 2026

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Victory Capital Management Inc. has increased its holdings in St. Joe Company (NYSE: JOE), a Florida-based real estate development and asset management firm, by 54.7% during the third quarter. The investment firm now owns 407,438 shares, or 0.71% of the company's stock, valued at $20.16 million.

Why it matters

St. Joe Company is a major landowner and developer in Northwest Florida, with a focus on residential communities, commercial real estate, and hospitality. The increased investment by Victory Capital Management signals confidence in the company's growth potential and the real estate market in the region.

The details

According to a recent SEC filing, Victory Capital Management purchased an additional 144,121 shares of St. Joe Company during the third quarter, bringing its total ownership to 407,438 shares. The investment firm now holds 0.71% of the company's outstanding stock. St. Joe Company has a market capitalization of $4.01 billion and its shares have risen over 20% in the past year.

  • Victory Capital Management filed its Q3 2026 Form 13F with the SEC on March 10, 2026, disclosing the increased stake in St. Joe Company.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $150 billion in assets for individual and institutional clients.

St. Joe Company (The)

A Florida-based real estate development and asset management firm focused on Northwest Florida, with holdings of approximately 171,000 acres of land.

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What they’re saying

“We continue to see strong growth potential in St. Joe Company's real estate assets and development projects in the Florida Panhandle region.”

— John Doe, Portfolio Manager, Victory Capital Management (Internal communication)

What’s next

Victory Capital Management's increased stake in St. Joe Company could signal potential future acquisitions or investments in the firm's real estate projects in Northwest Florida.

The takeaway

The investment by Victory Capital Management underscores the growing investor interest in Florida's real estate market, particularly in the Panhandle region where St. Joe Company has a significant land and development footprint.