Long video understanding requires more than large context windows. It also needs a memory mechanism that decides what visual evidence to retain, keeps it searchable over long horizons, and grounds later reasoning in recoverable observations rather than compressed latent state alone. We propose Visual Agentic Memory (VAM), a training-free framework with three components. Online Indexing supports selective evidence retention under streaming constraints. Hierarchical Memory organises retained evidence in a Parallel Representation that aligns temporal context with spatial observations. Agentic Retrieval searches, inspects, and verifies candidate evidence before producing a grounded answer. On OVO-Bench, VAM achieves the highest RT+BT average (68.41) across all reported baselines, improving over end-to-end use of the same underlying MLLM (Gemini 3 Flash, 67.46). On the month-scale split of MM-Lifelong train@month (105.6 hours over 51 days), VAM reaches 17.11%, second only to ReMA with GPT-5 (17.62%). These results suggest that long-horizon video understanding benefits from treating visual memory as an explicit, inspectable, and queryable substrate. Code is available at https://github.com/yiliu-li/Visual-Agentic-Memory.