Top 5 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners

2. Victory Capital Holdings, Inc. (NASDAQ:VCTR)

515,361 shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) were held in the 13F portfolio of Steamboat Capital Partners on September 30, down by 13% quarter-over-quarter. The position was valued at $18.04 million and ranked as the fund’s second-most valuable finance position. The holding has been a successful one for the fund, as VCTR shares have nearly doubled in value since Steamboat first took a stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR) in Q4 of 2019.

The investment management firm, which had $162.6 billion in assets under management on October 31, has achieved EBITDA margins of greater than 50% over each of the past five quarters. Victory Capital Holdings, Inc. (NASDAQ:VCTR) announced in November that it will acquire investment platform WestEnd Advisors for $480 million, a deal that will be immediately accretive to earnings and which aligns with the company’s new strategy of targeting companies that will boost its flows.