Vault-13

VICTORY PORTFOLIOS II USTB

SHORT TRM BD ETF · ETP · CUSIP 92647N535

143 institutional holders +8 vs Q4 2025
32,412,80732.4m shares reported held*
$1.6bnreported value*
14 new 83 added 35 reduced 4 sold out net bought ≈ $265.3m (+5.2m 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 ≈ $50.86.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 44Q4 22: 56Q1 23: 60Q2 23: 67Q3 23: 79Q4 23: 78Q1 24: 84Q2 24: 85Q3 24: 93Q4 24: 108Q1 25: 114Q2 25: 123Q3 25: 129Q4 25: 135Q1 26: 143143Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202244
Q4 202256
Q1 202360
Q2 202367
Q3 202379
Q4 202378
Q1 202484
Q2 202485
Q3 202493
Q4 2024108
Q1 2025114
Q2 2025123
Q3 2025129
Q4 2025135
Q1 2026143

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 51 bought or addedQ2 24: 31 cut or sold outQ3 24: 60 bought or addedQ3 24: 30 cut or sold outQ3 24Q4 24: 66 bought or addedQ4 24: 30 cut or sold outQ1 25: 75 bought or addedQ1 25: 35 cut or sold outQ1 25Q2 25: 76 bought or addedQ2 25: 35 cut or sold outQ3 25: 95 bought or addedQ3 25: 29 cut or sold outQ3 25Q4 25: 89 bought or addedQ4 25: 42 cut or sold outQ1 26: 97 bought or addedQ1 26: 39 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245131
Q3 20246030
Q4 20246630
Q1 20257535
Q2 20257635
Q3 20259529
Q4 20258942
Q1 20269739

Biggest buyers

SHP Wealth Management Added +1,246,240+1.2m
JANE STREET GROUP, LLC New +458,615+458.6k
MORGAN STANLEY Added +354,900+354.9k
Go Invest LLC Added +316,481+316.5k
LPL Financial LLC Added +273,004+273.0k
Merit Financial Group, LLC Added +224,216+224.2k
Janney Montgomery Scott LLC Added +208,804+208.8k
WELLS FARGO & COMPANY/MN Added +184,154+184.2k
KINTRA WEALTH, LLC Added +175,527+175.5k
BANK OF AMERICA CORP /DE/ Added +139,855+139.9k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -138,206-138.2k
Pine Valley Investments Ltd Liability Co Reduced -86,267-86.3k
Capital Analysts, LLC Reduced -46,095-46.1k
Maridea Wealth Management LLC Reduced -43,343-43.3k
Bensler, LLC Reduced -40,677-40.7k
Amplius Wealth Advisors, LLC Reduced -36,301-36.3k
Farther Finance Advisors, LLC Reduced -32,245-32.2k
Rockefeller Capital Management L.P. Reduced -21,619-21.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -11,269-11.3k
Orion Porfolio Solutions, LLC Reduced -9,420-9.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.18% of their portfolio San Antonio, TX 5,410,3665.4m $273.7m $273.7m 0.18% Added +64.3k +64,257
2 Merit Financial Group, LLC 1.06% of their portfolio ALPHARETTA, GA 2,822,9112.8m $142.8m $142.8m 1.06% Added +224.2k +224,216
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,528,4262.5m $127.9m $127.9m 0.01% Added +354.9k +354,900
4 Go Invest LLC 29.48% of their portfolio WEST JORDAN, UT 2,033,7412.0m $102.9m $102.9m 29.48% Added +316.5k +316,481
5 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,607,9231.6m $81.3m $81.3m 0.02% Added +273.0k +273,004
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,531,4981.5m $77.5m $77.5m 0.01% Added +139.9k +139,855
7 SHP Wealth Management 4.76% of their portfolio PLYMOUTH, MA 1,248,2151.2m $63.1m $63.1m 4.76% Added +1.2m +1,246,240
8 Stonebridge Financial Group, LLC 3.67% of their portfolio Wormleysburg, PA 881,331881.3k $44.6m $44.6m 3.67% Added +119.8k +119,772
9 Amplius Wealth Advisors, LLC 3.09% of their portfolio BLUE BELL, PA 733,336733.3k $37.1m $37.1m 3.09% Reduced -36.3k -36,301
10 Broadway Wealth Solutions, Inc. 14.65% of their portfolio San Antonio, TX 559,951560.0k $28.3m $28.3m 14.65% Added +39.9k +39,933
11 Marquette Asset Management, LLC 3.97% of their portfolio MINNEAPOLIS, MN 525,433525.4k $26.6m $26.6m 3.97% Added +8.6k +8,583
12 Capital Analysts, LLC 0.69% of their portfolio FORT WASHINGTON, PA 516,536516.5k $26.1m $26.1m 0.69% Reduced -46.1k -46,095
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 482,124482.1k $24.4m $24.4m 0.01% Added +113.0k +113,026
14 Private Advisor Group, LLC 0.11% of their portfolio MORRISTOWN, NJ 464,463464.5k $23.5m $23.5m 0.11% Added +66.5k +66,473
15 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 458,615458.6k $23.2m $23.2m 0.02% New
16 Waverly Advisors, LLC 0.17% of their portfolio BIRMINGHAM, AL 451,585451.6k $22.8m $22.8m 0.17% Added +27.2k +27,171
17 KINTRA WEALTH, LLC 1.40% of their portfolio WILLIAMSPORT, PA 392,069392.1k $19.8m $19.8m 1.40% Added +175.5k +175,527
18 MOTCO 1.75% of their portfolio SAN ANTONIO, TX 372,958373.0k $18.9m $18.9m 1.75% Added +20.7k +20,686
19 ERn Financial, LLC 3.18% of their portfolio MIDDLETON, WI 334,129334.1k $16.9m $16.9m 3.18% Added +18.8k +18,823
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 307,627307.6k $15.6m $15.6m 0.01% Added +64.2k +64,217
21 Cornerstone Planning Group LLC 1.98% of their portfolio FAIRFIELD, NJ 292,838292.8k $14.8m $14.8m 1.98% Added +46.7k +46,742
22 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 267,057267.1k $13.5m $13.5m 0.02% Added +10.4k +10,390
23 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 9.02% of their portfolio BEDFORD, NH 265,596265.6k $13.4m $13.4m 9.02% Added +13.2k +13,161
24 Redhawk Wealth Advisors, Inc. 1.48% of their portfolio MINNEAPOLIS, MN 264,785264.8k $13.4m $13.4m 1.48% Added +24.4k +24,446
25 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 263,995264.0k $13.4m $13.4m 0.03% Added +208.8k +208,804
26 HORAN Wealth, LLC 1.26% of their portfolio CINCINNATI, OH 262,376262.4k $13.3m $13.3m 1.26% Added +43.3k +43,338
27 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 249,515249.5k $12.6m $12.6m 0.02% Added +2.3k +2,342
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 234,309234.3k $11.9m $11.9m 0.00% Added +25.0k +24,982
29 Certified Advisory Corp 1.05% of their portfolio ALTAMONTE SPRINGS, FL 231,971232.0k $11.7m $11.7m 1.05% Added +22.1k +22,076
30 BlueStem Wealth Partners, LLC 1.24% of their portfolio MINNETONKA, MN 221,223221.2k $11.2m $11.2m 1.24% Added +11.7k +11,715
31 Apella Capital, LLC 0.17% of their portfolio WEST HARTFORD, CT 220,010220.0k $11.1m $11.1m 0.17% Added +24.8k +24,843
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 211,904211.9k $10.7m $10.7m 0.00% Added +184.2k +184,154
33 TOTH FINANCIAL ADVISORY CORP 1.17% of their portfolio LEESBURG, VA 210,516210.5k $10.6m $10.6m 1.17% Added +19.7k +19,742
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 210,425210.4k $10.6m $10.6m 0.00% Reduced -8.9k -8,887
35 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 206,471206.5k $10.4m $10.4m 0.08% Added +67.3k +67,271
36 Winter & Associates, Inc. 8.79% of their portfolio ST. PAUL, MN 198,454198.5k $10.0m $10.0m 8.79% Added +66.0k +66,016
37 Focus Partners Advisor Solutions, LLC 0.10% of their portfolio SAINT LOUIS, MO 193,011193.0k $9.8m $9.8m 0.10% Added +60.6k +60,573
38 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 191,605191.6k $9.7m $9.7m 0.12% Added +57.6k +57,628
39 ADAPT WEALTH ADVISORS, LLC 3.47% of their portfolio ATLANTA, GA 189,516189.5k $9.6m $9.6m 3.47% Added +8.2k +8,215
40 CREATIVE FINANCIAL DESIGNS INC /ADV 0.57% of their portfolio KOKOMO, IN 185,906185.9k $9.4m $9.4m 0.57% Added +1.1k +1,061
41 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 180,424180.4k $9.1m $9.1m 0.05% Added +130.6k +130,578
42 Pinnacle Wealth Management Group, Inc. 4.44% of their portfolio PLYMOUTH, MI 178,774178.8k $9.0m $9.0m 4.44% Added +19.9k +19,915
43 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 155,654155.7k $7.9m $7.9m 0.00% Reduced -11.3k -11,269
44 AVAII WEALTH MANAGEMENT, LLC 2.71% of their portfolio APPLETON, WI 153,409153.4k $7.8m $7.8m 2.71% Added +4.6k +4,608
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 151,109151.1k $7.7m $7.7m 0.02% Reduced -138.2k -138,206
46 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 149,974150.0k $7.6m $7.6m 0.02% Added +82.1k +82,111
47 Smith Thornton Advisors LLC 3.34% of their portfolio HUNTSVILLE, AL 131,303131.3k $6.6m $6.6m 3.34% Added +6.8k +6,815
48 Quadcap Wealth Management, LLC 0.74% of their portfolio Frisco, TX 128,389128.4k $6.5m $6.5m 0.74% Reduced -10 -10
49 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 122,836122.8k $6.2m $6.2m 0.02% Reduced -7.2k -7,221
50 Patriot Financial Group Insurance Agency, LLC 0.35% of their portfolio Westborough, MA 122,240122.2k $6.2m $6.2m 0.35% Added +73.5k +73,540
51 REDW Wealth LLC 2.43% of their portfolio ALBUQUERQUE, NM 120,685120.7k $6.1m $6.1m 2.43% Added +57.4k +57,389
52 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 116,857116.9k $5.9m $5.9m 0.06% Reduced -32.2k -32,245
53 Pine Valley Investments Ltd Liability Co 0.29% of their portfolio MARLTON, NJ 116,556116.6k $5.9m $5.9m 0.29% Reduced -86.3k -86,267
54 Darrow Company, Inc. 2.59% of their portfolio Needham, MA 113,884113.9k $5.8m $5.8m 2.59% Added +13.4k +13,441
55 Bensler, LLC 0.59% of their portfolio Bellevue, WA 113,831113.8k $5.8m $5.8m 0.59% Reduced -40.7k -40,677
56 Clarity Asset Management, Inc. 2.87% of their portfolio AMES, IA 111,951112.0k $5.7m $5.7m 2.87% New
57 Midwest Capital Advisors, LLC 2.64% of their portfolio Grand Rapids, MI 111,574111.6k $5.6m $5.6m 2.64% Added +7.4k +7,427
58 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 109,303109.3k $5.5m $5.5m 0.00% New
59 FLOW TRADERS U.S. LLC 0.15% of their portfolio NEW YORK, NY 95,20095.2k $4.8m $4.8m 0.15% Added +86.6k +86,565
60 Kingsview Wealth Management, LLC 0.06% of their portfolio GRANTS PASS, OR 86,84586.8k $4.4m $4.4m 0.06% Added +83 +83
61 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.22% of their portfolio CEDAR RAPIDS, IA 84,83784.8k $4.3m $4.3m 0.22% Added +5.5k +5,547
62 Allen Capital Group, LLC 0.37% of their portfolio GRAND ISLAND, NE 80,69280.7k $4.1m $4.1m 0.37% New
63 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 76,28976.3k $3.9m $3.9m 0.02% Added +29.0k +28,990
64 Tulsa Wealth Advisors, INC 0.66% of their portfolio TULSA, OK 74,63974.6k $3.8m $3.8m 0.66% New
65 Rooted Wealth Advisors, Inc. 0.95% of their portfolio BOURBONNAIS, IL 71,08571.1k $3.6m $3.6m 0.95% Added +24.0k +23,966
66 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 63,87463.9k $3.2m $3.2m 0.04% Added +6.6k +6,616
67 Lakeridge Wealth Management LLC 1.34% of their portfolio MENTOR, OH 61,59161.6k $3.1m $3.1m 1.34% Reduced -661 -661
68 Madison Wealth Partners, Inc 0.48% of their portfolio MADISON, WI 59,03859.0k $3.0m $3.0m 0.48% Added +23.4k +23,446
69 Samalin Investment Counsel, LLC 1.03% of their portfolio CHAPPAQUA, NY 57,45657.5k $2.9m $2.9m 1.03% Reduced -4.1k -4,066
70 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 57,22957.2k $2.9m $2.9m 0.00% Added +35.4k +35,427
71 Trademark Financial Management, LLC 1.35% of their portfolio Bloomington, MN 54,56654.6k $2.8m $2.8m 1.35% Added +13.5k +13,513
72 OneAscent Wealth Management LLC 0.87% of their portfolio BIRMINGHAM, AL 51,90851.9k $2.6m $2.6m 0.87% Added +14.3k +14,294
73 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 45,67045.7k $2.3m $2.3m 0.00% Added +8.6k +8,592
74 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 44,08044.1k $2.2m $2.2m 0.03% Reduced -412 -412
75 Elk River Wealth Management LLC 0.33% of their portfolio DENVER, CO 38,71538.7k $2.0m $2.0m 0.33% Reduced -2.2k -2,154
76 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 29,40129.4k $1.5m $1.5m 0.01% Added +1.7k +1,714
77 Perigon Wealth Management, LLC 0.03% of their portfolio SAN FRANCISCO, CA 29,10529.1k $1.5m $1.5m 0.03% Added +2.5k +2,469
78 Mariner, LLC 0.00% of their portfolio Overland Park, KS 27,21527.2k $1.4m $1.4m 0.00% Reduced -4.9k -4,886
79 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 26,94326.9k $1.4m $1.4m 0.02% Reduced -4.6k -4,554
80 FLAGSHIP HARBOR ADVISORS, LLC 0.06% of their portfolio BOSTON, MA 26,54326.5k $1.3m $1.3m 0.06% Added +5.2k +5,199
81 Axis Wealth Partners, LLC 0.70% of their portfolio EAST PROVIDENCE, RI 26,08226.1k $1.3m $1.3m 0.70% Added +5.1k +5,139
82 SILVER OAK SECURITIES, INCORPORATED 0.09% of their portfolio JACKSON, TN 24,92624.9k $1.3m $1.3m 0.09% Added +679 +679
83 Stratos Investment Management, LLC 0.05% of their portfolio BEACHWOOD, OH 24,46124.5k $1.2m $1.2m 0.05% Added +2.2k +2,218
84 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 24,33024.3k $1.2m $1.2m 0.02% Added +1.2k +1,154
85 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 24,01924.0k $1.2m $1.2m 0.03% Added +889 +889
86 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 22,75022.8k $1.2m $1.2m 0.01% Reduced -9.4k -9,420
87 Comprehensive Wealth Management, LLC 0.58% of their portfolio LYNNWOOD, WA 22,55122.6k $1.1m $1.1m 0.58% Added +2.7k +2,700
88 Miller Financial Services LLC 1.25% of their portfolio MARSHALL, MI 22,17022.2k $1.1m $1.1m 1.25% Added +15.4k +15,385
89 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 19,69619.7k $996.2k $996.2k 0.00% Added +15.9k +15,866
90 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.07% of their portfolio GRAND BLANC, MI 18,48018.5k $934.7k $934.7k 0.07% Added +3.8k +3,781
91 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 17,86617.9k $903.7k $903.7k 0.01% Added +5.5k +5,461
92 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 17,14617.1k $867.2k $867.2k 0.00% Reduced -3.8k -3,801
93 Claro Advisors Inc. 0.10% of their portfolio BOSTON, MA 16,37316.4k $828.1k $828.1k 0.10% Reduced -3.2k -3,191
94 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.09% of their portfolio CONCORD, MA 14,87614.9k $752.4k $752.4k 0.09% Reduced -6.6k -6,599
95 SWMG, LLC 0.20% of their portfolio FORT WORTH, TX 13,59913.6k $687.8k $687.8k 0.20% Reduced -738 -738
96 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,23213.2k $669.3k $669.3k 0.00% Reduced -466 -466
97 Betterment LLC 0.00% of their portfolio NEW YORK, NY 13,06513.1k $661.0k $661.0k 0.00% Added +4.6k +4,645
98 RPS ADVISORY SOLUTIONS LLC 0.33% of their portfolio LOUISVILLE, KY 11,62911.6k $588.2k $588.2k 0.33% New
99 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,37411.4k $575.0k $575.0k 0.00% New
100 Intrua Financial, LLC 0.06% of their portfolio Houston, TX 11,27011.3k $570.1k $570.1k 0.06% Added +1.6k +1,617