Victory Capital Management Inc. Reduces Stake in Nucor Corporation

Institutional investor sells over 17,000 shares of steel producer Nucor in Q3 2025

Published on Mar. 10, 2026

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Victory Capital Management Inc., an investment management firm, decreased its stake in Nucor Corporation (NYSE:NUE) by 9.7% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 159,306 shares of the basic materials company, valued at approximately $21.6 million.

Why it matters

Nucor is a major U.S. steel producer, and changes in institutional ownership can signal shifts in market sentiment around the company and the broader steel industry. Victory Capital's reduced stake may indicate some concern about Nucor's performance or outlook, though the filing does not provide details on the firm's rationale.

The details

According to the SEC filing, Victory Capital Management sold 17,130 shares of Nucor during the third quarter, reducing its total position to 159,306 shares. The firm now owns approximately 0.07% of Nucor's outstanding stock. Other hedge funds have also made changes to their Nucor holdings in recent quarters, with some increasing and others decreasing their positions.

  • Victory Capital Management filed the 13F report disclosing the stake reduction on March 10, 2026.
  • The share sale occurred during the third quarter of 2025.

The players

Victory Capital Management Inc.

An investment management firm that owns shares in various public companies, including a position in steel producer Nucor Corporation.

Nucor Corporation

A major American steel producer headquartered in Charlotte, North Carolina, known for its use of electric arc furnace technology and recycled scrap metal.

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The takeaway

The reduction in Victory Capital's Nucor stake suggests some institutional investors may be reevaluating their positions in the steel industry, though the overall outlook for Nucor remains positive based on the company's operational efficiency and market position.