Victory Capital Amends Scansource Stake, Holds 1.74M Shares

TL;DR

**Victory Capital Management now controls 1.74M Scansource shares, watch for future changes.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, reporting its beneficial ownership in Scansource Inc. As of December 31, 2023, Victory Capital Management Inc. holds sole voting power over 1,736,126 shares of Scansource Inc. common stock. This filing indicates a significant institutional stake, which can influence Scansource's stock price and strategic decisions, making it important for current and potential investors to monitor. The filing is an amendment (Amendment No. 4), suggesting a change in their previously reported holdings.

Why It Matters

Large institutional holdings like this can provide stability to a stock, but any significant changes in ownership by such firms can also signal shifts in market sentiment or company outlook, impacting share price.

Risk Assessment

Risk Level: low — This filing is a routine update of institutional ownership and does not inherently present a high risk, though changes in ownership can impact stock volatility.

Analyst Insight

An investor should note this institutional holding as a sign of continued interest in Scansource Inc. and monitor future 13G/A filings for significant increases or decreases in Victory Capital Management Inc.'s stake, which could signal a change in their investment thesis.

Key Numbers

• 1,736,126 — Shares with Sole Voting Power (Represents the number of Scansource Inc. shares Victory Capital Management Inc. can vote independently.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and beneficial owner of Scansource Inc. shares
• Scansource Inc. (company) — the subject company whose securities are being reported
• 1,736,126 (dollar_amount) — the number of shares of Scansource Inc. common stock over which Victory Capital Management Inc. has sole voting power
• December 31, 2023 (date) — the date of the event which required the filing of this statement
• February 6, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Victory Capital Management Inc. will maintain a significant stake in Scansource Inc. (Victory Capital Management Inc.) — medium confidence, target: Q2 2024
• Scansource Inc.'s stock price will experience minor volatility due to this routine filing. (Scansource Inc.) — low confidence, target: February 2024

FAQ

Filing Documents

• scansource13ga4_123123.htm (SC 13G/A) — 38KB
• 0001040188-24-000020.txt ( ) — 40KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,745,396 (b) Percent of class: 6.95% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,736,126 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,745,396 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein of Scansource Inc.... No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class except for the Victory Sycamore Small Cap Opportunity Fund which held 5.07%.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 806037107 13G Page 4 of 4 Pages

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s / Barry Garrett Barry Garrett/Chief Compliance Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR