Velocity Financial Inc. (VEL)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Snow Phipps Group, Llc	12,272,765	$211,337,013	76.24%
2.	Allianz Asset Management Ag	10,963,806	$188,796,739	0.32%
3.	Blackrock Inc.	606,527	$10,444,396	0%
4.	Caption Management, LlcCALL	511,300	$8,804,586	0.11%
5.	Vanguard Group Inc	419,204	$7,218,693	0%