Victory Capital Management Boosts Altria Group Stake

Investment firm increases holding in tobacco company by 2.7% in third quarter

Published on Mar. 4, 2026

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Victory Capital Management Inc. raised its stake in Altria Group, Inc. (NYSE:MO) by 2.7% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The firm now owns 3,464,169 shares of the company's stock, worth approximately $228.8 million.

Why it matters

Altria Group is one of the largest tobacco companies in the United States, and its stock performance is closely watched by investors. Victory Capital Management's increased stake suggests the firm sees continued growth potential in Altria despite ongoing regulatory and public health concerns around the tobacco industry.

The details

Victory Capital Management purchased an additional 91,254 shares of Altria Group during the third quarter, bringing its total holding to 3,464,169 shares. This represents approximately 0.21% of Altria's outstanding shares. The investment firm cited Altria's strong brand recognition and market position as factors behind its increased stake in the company.

  • Victory Capital Management filed its 13F report for the third quarter of 2026 on March 4, 2026.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $228 billion in assets for individual and institutional clients.

Altria Group, Inc.

A major American tobacco company that manufactures and sells cigarettes, smokeless tobacco, and other tobacco products.

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The takeaway

Victory Capital Management's increased stake in Altria Group suggests the firm sees long-term value in the tobacco company despite ongoing public health concerns and regulatory challenges facing the industry. Altria's strong brand recognition and market position continue to attract institutional investors.