Victory Capital Management Boosts Stake in AutoZone

Institutional investor increases position in auto parts retailer by over 400%

Published on Mar. 4, 2026

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Victory Capital Management Inc. significantly increased its stake in AutoZone, Inc. (NYSE:AZO) during the third quarter, growing its position by 401.2% to 51,803 shares. The investment management firm now owns approximately 0.31% of the auto parts retailer's outstanding shares.

Why it matters

The substantial increase in Victory Capital's AutoZone holdings suggests the firm sees significant upside potential in the stock. As a major institutional investor, Victory Capital's moves can influence market sentiment and potentially spur other investors to take a closer look at the company.

The details

According to a recent SEC filing, Victory Capital Management purchased an additional 41,467 shares of AutoZone during the third quarter, bringing its total position to 51,803 shares. This represents a 401.2% increase in the firm's stake in the auto parts retailer. AutoZone is known for its extensive network of retail stores and strong brand recognition in the do-it-yourself and professional automotive repair markets.

  • Victory Capital Management disclosed the increased stake in AutoZone in a 13F filing for the third quarter of 2026.

The players

Victory Capital Management Inc.

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

AutoZone, Inc.

A leading retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

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The takeaway

Victory Capital Management's substantial increase in its AutoZone holdings suggests the firm sees significant long-term potential in the auto parts retailer. As a major institutional investor, Victory Capital's moves can influence market sentiment and potentially spur other investors to take a closer look at AutoZone.