content: <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
    <!-- Generated by Workiva -->
    <headerData>
      <submissionType>144</submissionType>
      <filerInfo>
        <filer>
          <filerCredentials>
            <cik>0001730106</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
  
      </filerInfo>
    </headerData>
    <formData>
      <issuerInfo>
        <issuerCik>0001570827</issuerCik>
        <issuerName>Victory Capital Holdings Inc</issuerName>
        <secFileNumber>001-38388</secFileNumber>
        <issuerAddress>
          <com:street1>15935 La Cantera Parkway</com:street1>
          <com:city>San Antonio</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>78256</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>2168982400</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Kelly Stevenson Cliff</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Affiliate</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>J.P. Morgan Securities LLC</name>
          <address>
            <com:street1>390 Madison Avenue</com:street1>
            <com:street2>6th Floor</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10017</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>35000</noOfUnitsSold>
        <aggregateMarketValue>1064000</aggregateMarketValue>
        <noOfUnitsOutstanding>66889483</noOfUnitsOutstanding>
        <approxSaleDate>05/11/2023</approxSaleDate>
        <securitiesExchangeName>Nasdaq</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>03/12/2021</acquiredDate>
        <natureOfAcquisitionTransaction>Compensation award</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>9165</amountOfSecuritiesAcquired>
        <paymentDate>03/12/2021</paymentDate>
        <natureOfPayment>Not Applicable</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>01/01/2022</acquiredDate>
        <natureOfAcquisitionTransaction>Compensation award</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>10134</amountOfSecuritiesAcquired>
        <paymentDate>01/01/2022</paymentDate>
        <natureOfPayment>Not Applicable</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>03/15/2022</acquiredDate>
        <natureOfAcquisitionTransaction>Compensation award</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>2509</amountOfSecuritiesAcquired>
        <paymentDate>03/15/2022</paymentDate>
        <natureOfPayment>Not Applicable</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <acquiredDate>03/31/2022</acquiredDate>
        <natureOfAcquisitionTransaction>Compensation award</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>13192</amountOfSecuritiesAcquired>
        <paymentDate>03/31/2022</paymentDate>
        <natureOfPayment>Not Applicable</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>Kelly Stevenson Cliff</name>
          <address>
            <com:street1>care of Victory Capital Holdings Inc</com:street1>
            <com:street2>15935 La Cantera Parkway</com:street2>
            <com:city>San Antonio</com:city>
            <com:stateOrCountry>TX</com:stateOrCountry>
            <com:zipCode>78256</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Common</securitiesClassTitle>
        <saleDate>02/23/2023</saleDate>
        <amountOfSecuritiesSold>12500</amountOfSecuritiesSold>
        <grossProceeds>414145</grossProceeds>
      </securitiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>05/11/2023</noticeDate>
        <signature>/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Kelly Stevenson Cliff</signature>
      </noticeSignature>
    </formData>
  </edgarSubmission>
metadata_documents: [{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 5156}]
text: 144
  0001730106
  XXXXXXXX
  LIVE
  0001570827
  Victory Capital Holdings Inc
  001-38388
  15935 La Cantera Parkway
  San Antonio
  TX
  78256
  2168982400
  Kelly Stevenson Cliff
  Affiliate
  Common
  J.P. Morgan Securities LLC
  390 Madison Avenue
  6th Floor
  New York
  NY
  10017
  35000
  1064000
  66889483
  05/11/2023
  Nasdaq
  Common
  03/12/2021
  Compensation award
  Issuer
  N
  9165
  03/12/2021
  Not Applicable
  Common
  01/01/2022
  Compensation award
  Issuer
  N
  10134
  01/01/2022
  Not Applicable
  Common
  03/15/2022
  Compensation award
  Issuer
  N
  2509
  03/15/2022
  Not Applicable
  Common
  03/31/2022
  Compensation award
  Issuer
  N
  13192
  03/31/2022
  Not Applicable
  N
  Kelly Stevenson Cliff
  care of Victory Capital Holdings Inc
  15935 La Cantera Parkway
  San Antonio
  TX
  78256
  Common
  02/23/2023
  12500
  414145
  05/11/2023
  /s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Kelly Stevenson Cliff