Victory Capital Management Reduces Stake in T. Rowe Price Group

Asset manager sells over 104,000 shares of investment firm

Published on Mar. 8, 2026

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Victory Capital Management Inc. has reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 21.1% in the third quarter, according to a recent SEC filing. The institutional investor now owns 389,151 shares of the asset manager's stock, down from 493,465 shares previously.

Why it matters

This transaction reflects changes in Victory Capital's investment strategy and portfolio composition. As a major institutional investor, shifts in Victory Capital's holdings can provide insights into broader trends in the asset management industry.

The details

According to the filing, Victory Capital sold 104,314 shares of T. Rowe Price Group during the third quarter. The firm now owns approximately 0.18% of T. Rowe Price's outstanding shares, valued at $39.9 million as of the end of the reporting period.

  • Victory Capital filed the 13F report disclosing the stake reduction on March 8, 2026.
  • The share sale occurred during the third quarter of 2025.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $150 billion in client assets.

T. Rowe Price Group, Inc.

A global investment management firm headquartered in Baltimore, Maryland, founded in 1937.

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The takeaway

This transaction highlights the dynamic nature of institutional investor portfolios, as firms continually adjust their holdings to align with evolving market conditions and investment strategies. The reduction in Victory Capital's stake in T. Rowe Price Group may signal broader shifts in the asset management industry.