Crestview Quietly Buys 417 Shares of Victory Capital, Signaling Confidence Amid Market Dip

Crestview’s Latest Move: A Quiet Buy on a Stable Day

On January 12, 2026, Crestview Partners II GP, L.P. (Crestview GP) added 417 shares of Victory Capital Holdings Inc. (VCTR) at a price of $68.93, essentially matching the day’s close. The transaction represents a modest 0.06 % of the company’s outstanding shares and was executed through the 2018 Stock Incentive Plan to compensate board member Robert V. Delaney Jr. for his quarterly fees. Although the trade size is small relative to Crestview’s typical activity, its timing—just after a 0.41 % weekly dip and a 3.93 % decline from the previous day—provides a subtle signal that the GP’s investment committee remains comfortable with VCTR’s valuation near the top of its 52‑week range.

What It Means for Investors

The buy aligns with Crestview’s broader pattern of buying and selling in the 4‑month window of the year, where the GP has accumulated and divested millions of shares. In the past eight months, the GP’s net position has swung between roughly 4.1 million and 7.6 million shares, indicating a long‑term hold rather than a short‑term play. For investors, the 417‑share purchase suggests that Crestview’s confidence in VCTR’s strategic direction—particularly its capital markets offerings and diversified product suite—remains unchanged. The trade’s execution at the close, coupled with the modest market impact, implies that the GP is not seeking to move the market but rather to maintain its stake in a company that trades at a reasonable P/E of 17.6 and a price‑to‑book of 1.86.

Crestview Partners II GP, L.P.: A Profile of Activity

Crestview GP is the general partner of a series of investment vehicles that manage equity positions across the financial services sector. Historically, Crestview has:

• Acquired large blocks of VCTR shares (up to 3.5 million in August 2025) when the stock was near $55, reflecting a belief in upside potential as the company’s earnings stabilize.
• Sold substantial portions (e.g., 22,267 shares in August 2025) during periods of volatility, demonstrating a willingness to trim exposure when short‑term risk spikes.
• Held consistent positions (e.g., 451,940 shares) across multiple filing periods, underscoring a long‑term investment horizon.

These patterns suggest a disciplined, tactical approach: buying low, selling high, and maintaining a core holding that supports a broader portfolio strategy. Crestview’s transactions are typically executed at market close, minimizing transaction costs and market impact.

Implications for Victory Capital’s Future

With Crestview’s stake holding steady, VCTR may view the company’s board as an anchor of stability. The GP’s continued investment signals that institutional confidence is not waning, even as the stock has recently slipped toward its lower 52‑week band. For investors, this could be interpreted as a green light to evaluate VCTR’s potential for incremental growth—particularly if the firm expands its alternative investment platform or leverages its brokerage services to capture higher fee income.

In summary, Crestview’s 417‑share purchase on a quiet trading day is a small, but telling, affirmation of the GP’s long‑term view on VCTR. While the trade itself has limited immediate market impact, it reinforces a pattern of measured, strategic ownership that may bode well for investors who seek stability in a volatile sector.