Vault-13

VICTORY PORTFOLIOS II UITB

CORE INTERMEDIAT · ETP · CUSIP 92647N527

136 institutional holders -9 vs Q4 2025
54,001,00954.0m shares reported held*
$2.5bnreported value*
7 new 81 added 33 reduced 13 sold out net bought ≈ $74.8m (+1.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $47.02.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 29Q4 22: 29Q1 23: 37Q2 23: 44Q3 23: 57Q4 23: 78Q1 24: 90Q2 24: 108Q3 24: 115Q4 24: 118Q1 25: 116Q2 25: 123Q3 25: 131Q4 25: 145Q1 26: 136136Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202229
Q4 202229
Q1 202337
Q2 202344
Q3 202357
Q4 202378
Q1 202490
Q2 2024108
Q3 2024115
Q4 2024118
Q1 2025116
Q2 2025123
Q3 2025131
Q4 2025145
Q1 2026136

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q2 24: 72 bought or addedQ2 24: 27 cut or sold outQ3 24: 81 bought or addedQ3 24: 33 cut or sold outQ3 24Q4 24: 78 bought or addedQ4 24: 36 cut or sold outQ1 25: 77 bought or addedQ1 25: 42 cut or sold outQ1 25Q2 25: 74 bought or addedQ2 25: 41 cut or sold outQ3 25: 85 bought or addedQ3 25: 28 cut or sold outQ3 25Q4 25: 100 bought or addedQ4 25: 34 cut or sold outQ1 26: 88 bought or addedQ1 26: 46 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20247227
Q3 20248133
Q4 20247836
Q1 20257742
Q2 20257441
Q3 20258528
Q4 202510034
Q1 20268846

Biggest buyers

Calamos Advisors LLC Added +1,279,392+1.3m
NICOLET BANKSHARES INC Added +455,832+455.8k
LeClair Wealth Partners LLC New +438,763+438.8k
MORGAN STANLEY Added +249,102+249.1k
Steward Partners Investment Advisory, LLC Added +214,713+214.7k
WELLS FARGO & COMPANY/MN Added +195,954+196.0k
JANE STREET GROUP, LLC New +170,504+170.5k
UBS Group AG Added +162,067+162.1k
Calamos Wealth Management LLC Added +130,642+130.6k
Cetera Investment Advisers Added +92,074+92.1k

Biggest sellers

UNITED SERVICES AUTOMOBILE ASSOCIATION Sold out -2,421,191-2.4m
RAYMOND JAMES FINANCIAL INC Reduced -131,109-131.1k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -92,047-92.0k
GOLDMAN SACHS GROUP INC Sold out -51,867-51.9k
LPL Financial LLC Reduced -47,639-47.6k
Pinnacle Wealth Management Group, Inc. Reduced -36,492-36.5k
Cambridge Investment Research Advisors, Inc. Reduced -26,876-26.9k
Crusonia Wealth Advisors LLC Reduced -25,216-25.2k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -14,286-14.3k
J.W. COLE ADVISORS, INC. Sold out -11,309-11.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.45% of their portfolio San Antonio, TX 14,850,50814.9m $698.2m $698.2m 0.45% Unchanged
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 5,528,6705.5m $259.9m $259.9m 0.04% Reduced -92.0k -92,047
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,762,4243.8m $176.9m $176.9m 0.01% Added +249.1k +249,102
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,098,9962.1m $98.7m $98.7m 0.03% Reduced -47.6k -47,639
5 Bogart Wealth, LLC 3.74% of their portfolio MCLEAN, VA 2,060,7452.1m $96.9m $96.9m 3.74% Added +70.9k +70,918
6 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,951,4542.0m $91.8m $91.8m 0.02% Added +196.0k +195,954
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,396,7621.4m $65.7m $65.7m 0.00% Added +82.0k +82,026
8 Calamos Advisors LLC 0.24% of their portfolio NAPERVILLE, IL 1,333,1921.3m $62.7m $62.7m 0.24% Added +1.3m +1,279,392
9 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,283,2251.3m $60.3m $60.3m 0.06% Added +92.1k +92,074
10 Calamos Wealth Management LLC 2.07% of their portfolio NAPERVILLE, IL 1,273,5691.3m $59.9m $59.9m 2.07% Added +130.6k +130,642
11 Allen Capital Group, LLC 4.72% of their portfolio GRAND ISLAND, NE 1,113,9411.1m $52.4m $52.4m 4.72% Added +84.5k +84,462
12 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,032,5501.0m $48.5m $48.5m 0.01% Reduced -131.1k -131,109
13 Meeder Advisory Services, Inc. 1.52% of their portfolio DUBLIN, OH 771,328771.3k $36.3m $36.3m 1.52% Added +35.1k +35,071
14 MBL Wealth, LLC 2.57% of their portfolio CHARLOTTE, NC 720,875720.9k $33.9m $33.9m 2.57% Added +58.3k +58,326
15 Allworth Financial LP 0.11% of their portfolio FOLSOM, CA 584,821584.8k $27.5m $27.5m 0.11% Added +1.5k +1,521
16 Alliance Wealth Advisors, LLC 12.87% of their portfolio SCRANTON, PA 579,723579.7k $27.3m $27.3m 12.87% Added +37.3k +37,339
17 Pine Valley Investments Ltd Liability Co 1.32% of their portfolio MARLTON, NJ 577,056577.1k $27.1m $27.1m 1.32% Added +41.6k +41,638
18 NICOLET BANKSHARES INC 0.84% of their portfolio GREEN BAY, WI 485,308485.3k $22.8m $22.8m 0.84% Added +455.8k +455,832
19 Newman Dignan & Sheerar, Inc. 4.69% of their portfolio PROVIDENCE, RI 473,674473.7k $22.3m $22.3m 4.69% Reduced -9.4k -9,360
20 GREENUP STREET WEALTH MANAGEMENT LLC 2.95% of their portfolio OVERLAND PARK, KS 445,796445.8k $21.0m $21.0m 2.95% Added +2.1k +2,061
21 Blue Water Asset Management 7.13% of their portfolio GRAND RAPIDS, MI 438,763438.8k $20.6m $20.6m 7.13% Added +25.0k +24,955
22 LeClair Wealth Partners LLC 7.13% of their portfolio DUBLIN, OH 438,763438.8k $20.6m $20.6m 7.13% New
23 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 13.63% of their portfolio BEDFORD, NH 431,535431.5k $20.3m $20.3m 13.63% Added +21.1k +21,132
24 HORAN Wealth, LLC 1.84% of their portfolio CINCINNATI, OH 411,102411.1k $19.3m $19.3m 1.84% Reduced -4.2k -4,192
25 Sargent Investment Group, LLC 2.51% of their portfolio BETHESDA, MD 405,265405.3k $19.1m $19.1m 2.51% Added +3.1k +3,083
26 Pathway Financial Advisors LLC 2.34% of their portfolio SOUTH BURLINGTON, VT 402,069402.1k $18.9m $18.9m 2.34% Added +20.1k +20,145
27 SouthState Bank Corp 0.82% of their portfolio Winter Haven, FL 373,589373.6k $17.6m $17.6m 0.82% Reduced -3.4k -3,362
28 CREATIVE FINANCIAL DESIGNS INC /ADV 1.03% of their portfolio KOKOMO, IN 361,104361.1k $17.0m $17.0m 1.03% Added +5.4k +5,447
29 Sanctuary Advisors, LLC 0.09% of their portfolio INDIANAPOLIS, IN 336,477336.5k $15.8m $15.8m 0.09% Added +32.1k +32,122
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 321,001321.0k $15.1m $15.1m 0.00% Added +162.1k +162,067
31 Crusonia Wealth Advisors LLC 3.11% of their portfolio DENVER, CO 320,164320.2k $15.1m $15.1m 3.11% Reduced -25.2k -25,216
32 KLINGENSTEIN FIELDS & CO LP 0.58% of their portfolio NEW YORK, NY 313,992314.0k $14.8m $14.8m 0.58% Added +36.3k +36,313
33 PLANNING DIRECTIONS INC 7.11% of their portfolio GLEN MILLS, PA 298,691298.7k $14.0m $14.0m 7.11% Added +17.9k +17,867
34 Cyr Financial Inc. 7.72% of their portfolio HENNEPIN, IL 278,857278.9k $13.1m $13.1m 7.72% Added +21.0k +21,020
35 Envision Financial LLC 6.94% of their portfolio BROOKFIELD, WI 274,404274.4k $12.9m $12.9m 6.94% Added +44.1k +44,148
36 Oath Planning, LLC 11.39% of their portfolio TULSA, OK 272,765272.8k $12.8m $12.8m 11.39% Added +51.0k +51,007
37 Atlantic Edge Private Wealth Management, LLC 3.12% of their portfolio JACKSONVILLE, FL 269,451269.5k $12.7m $12.7m 3.12% Reduced -945 -945
38 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 226,431226.4k $10.6m $10.6m 0.01% Added +4.5k +4,530
39 IMA Advisory Services, Inc. 1.01% of their portfolio DENVER, CO 220,105220.1k $10.3m $10.3m 1.01% Added +18.2k +18,210
40 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 214,913214.9k $10.1m $10.1m 0.05% Added +214.7k +214,713
41 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 207,740207.7k $9.8m $9.8m 0.01% Reduced -8.4k -8,365
42 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 199,512199.5k $9.4m $9.4m 0.08% Reduced -4.7k -4,691
43 TOTH FINANCIAL ADVISORY CORP 1.01% of their portfolio LEESBURG, VA 195,919195.9k $9.2m $9.2m 1.01% Added +14.8k +14,764
44 Souders Financial Advisors 0.95% of their portfolio CINCINNATI, OH 177,048177.0k $8.3m $8.3m 0.95% Added +7.2k +7,166
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 174,187174.2k $8.2m $8.2m 0.00% Added +7.7k +7,748
46 Fjell Capital, LLC 6.26% of their portfolio FARGO, ND 173,250173.2k $8.1m $8.1m 6.26% Added +13.4k +13,410
47 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 170,504170.5k $8.0m $8.0m 0.01% New
48 GREENWOOD CAPITAL ASSOCIATES LLC 0.85% of their portfolio GREENWOOD, SC 164,372164.4k $7.7m $7.7m 0.85% Added +29.4k +29,376
49 Pinnacle Wealth Management Group, Inc. 3.57% of their portfolio PLYMOUTH, MI 154,735154.7k $7.3m $7.3m 3.57% Reduced -36.5k -36,492
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 151,408151.4k $7.1m $7.1m 0.00% Added +1.5k +1,542
51 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 147,841147.8k $7.0m $7.0m 0.06% Added +33.6k +33,592
52 Smith Thornton Advisors LLC 3.41% of their portfolio HUNTSVILLE, AL 143,944143.9k $6.8m $6.8m 3.41% Added +7.1k +7,054
53 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 143,168143.2k $6.7m $6.7m 0.01% Reduced -10.2k -10,210
54 Insight Wealth Partners, LLC 2.59% of their portfolio Plano, TX 136,412136.4k $6.4m $6.4m 2.59% Added +669 +669
55 Gladstone Institutional Advisory LLC 0.22% of their portfolio Bedminster, NJ 128,503128.5k $6.0m $6.0m 0.22% Added +11.2k +11,246
56 FSA WEALTH PARTNERS, INC. 2.80% of their portfolio Rockville, MD 125,232125.2k $5.9m $5.9m 2.80% Added +1.5k +1,460
57 Aptus Capital Advisors, LLC 0.05% of their portfolio FAIRHOPE, AL 123,886123.9k $5.8m $5.8m 0.05% Reduced -2.5k -2,502
58 Sloy Dahl & Holst, LLC 0.75% of their portfolio Vancouver, WA 116,813116.8k $5.5m $5.5m 0.75% Added +721 +721
59 Summit Financial, LLC 0.07% of their portfolio PARSIPPANY, NJ 114,144114.1k $5.4m $5.4m 0.07% Reduced -988 -988
60 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 100,191100.2k $4.7m $4.7m 0.02% Added +7.2k +7,165
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 94,35294.4k $4.4m $4.4m 0.00% Added +11.6k +11,635
62 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 93,35493.4k $4.4m $4.4m 0.01% Reduced -26.9k -26,876
63 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 90,33790.3k $4.2m $4.2m 0.02% Added +5.9k +5,879
64 HARBOUR INVESTMENTS, INC. 0.06% of their portfolio MADISON, WI 83,10783.1k $3.9m $3.9m 0.06% Added +603 +603
65 Axis Wealth Partners, LLC 1.93% of their portfolio EAST PROVIDENCE, RI 77,38177.4k $3.6m $3.6m 1.93% Added +8.2k +8,231
66 Indivisible Partners 0.31% of their portfolio CLEARWATER, FL 74,62174.6k $3.5m $3.5m 0.31% Reduced -4.2k -4,218
67 STEWARDSHIP CONCEPTS FINANCIAL SERVICES LLC 2.71% of their portfolio SPOKANE, WA 73,67773.7k $3.5m $3.5m 2.71% Added +15.7k +15,704
68 James J. Burns & Company, LLC 0.47% of their portfolio MELVILLE, NY 73,49073.5k $3.5m $3.5m 0.47% Added +1.7k +1,716
69 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 65,79265.8k $3.1m $3.1m 0.00% Added +12.2k +12,230
70 J. R. Prunier Capital Management LLC 1.22% of their portfolio HOLDEN, MA 61,14361.1k $2.9m $2.9m 1.22% Added +16.6k +16,601
71 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 58,34558.3k $2.7m $2.7m 0.01% Added +5.3k +5,298
72 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 58,00458.0k $2.7m $2.7m 0.00% Added +39.2k +39,241
73 DAYMARK WEALTH PARTNERS, LLC 0.09% of their portfolio CINCINNATI, OH 58,00258.0k $2.7m $2.7m 0.09% Added +16.8k +16,814
74 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55,78555.8k $2.6m $2.6m 0.00% Added +783 +783
75 OLD MISSION CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 52,84952.8k $2.5m $2.5m 0.06% New
76 Patriot Financial Group Insurance Agency, LLC 0.14% of their portfolio Westborough, MA 52,59652.6k $2.5m $2.5m 0.14% Added +28.1k +28,100
77 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 51,94651.9k $2.4m $2.4m 0.03% Added +14.4k +14,374
78 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 50,41850.4k $2.4m $2.4m 0.00% Added +6.2k +6,193
79 Chris Bulman Inc 0.98% of their portfolio ROSEVILLE, CA 47,48747.5k $2.2m $2.2m 0.98% Added +2.5k +2,526
80 Owl Creek Wealth Partners LLC 0.78% of their portfolio DENVER, CO 46,76346.8k $2.2m $2.2m 0.78% First filing
81 Valmark Advisers, Inc. 0.02% of their portfolio AKRON, OH 42,67842.7k $2.0m $2.0m 0.02% Added +6.5k +6,525
82 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 41,68541.7k $2.0m $2.0m 0.01% Added +12.6k +12,576
83 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 38,75838.8k $1.8m $1.8m 0.00% Added +33.3k +33,298
84 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 37,88437.9k $1.8m $1.8m 0.02% Added +1.8k +1,844
85 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 37,37137.4k $1.8m $1.8m 0.00% Added +539 +539
86 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 35,70035.7k $1.7m $1.7m 0.00% Added +4.5k +4,450
87 Focus Financial Network, Inc. 0.05% of their portfolio MINNEAPOLIS, MN 32,53932.5k $1.5m $1.5m 0.05% Reduced -650 -650
88 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 32,32432.3k $1.5m $1.5m 0.02% Reduced -8.3k -8,268
89 BlackRock, Inc. 0.00% of their portfolio New York, NY 31,68331.7k $1.5m $1.5m 0.00% Added +97 +97
90 AdvisorNet Financial, Inc 0.08% of their portfolio MINNETONKA, MN 31,38431.4k $1.5m $1.5m 0.08% Reduced -3.7k -3,722
91 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 28,98229.0k $1.4m $1.4m 0.00% Added +2.3k +2,310
92 Optivise Advisory Services LLC 0.68% of their portfolio FRANKLIN, TN 24,05524.1k $1.1m $1.1m 0.68% Reduced -2.4k -2,372
93 Cornerstone Wealth Management, LLC 0.05% of their portfolio ST. PETERS, MO 20,96621.0k $985.8k $985.8k 0.05% Added +2.4k +2,402
94 NOVEM GROUP 0.08% of their portfolio Rochester, NY 15,58415.6k $732.7k $732.7k 0.08% Added +867 +867
95 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 14,51314.5k $682.4k $682.4k 0.01% Added +815 +815
96 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 14,42214.4k $678.1k $678.1k 0.01% Added +1.5k +1,540
97 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 12,95413.0k $609.0k $609.0k 0.01% Unchanged
98 Keystone Financial Group 0.04% of their portfolio LEXINGTON, KY 12,09012.1k $568.4k $568.4k 0.04% Added +650 +650
99 Sovereign Financial Group, Inc. 0.10% of their portfolio STAMFORD, CT 12,04912.0k $566.5k $566.5k 0.10% Added +202 +202
100 AVAII WEALTH MANAGEMENT, LLC 0.19% of their portfolio APPLETON, WI 11,68811.7k $549.6k $549.6k 0.19% Added +946 +946