Vault-13

VICTORY PORTFOLIOS II USVM

USAA MSCI USA SM · ETP · CUSIP 92647N568

62 institutional holders +4 vs Q1 2026
12,178,26912.2m shares reported held*
$1.3bnreported value*
11 new 26 added 18 reduced 7 sold out net bought ≈ $101.8m (+926.5k 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 ($4.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $108.31.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 21Q4 22: 23Q1 23: 19Q2 23: 21Q3 23: 18Q4 23: 16Q1 24: 18Q2 24: 22Q3 24: 19Q4 24: 25Q1 25: 43Q2 25: 41Q3 25: 36Q4 25: 48Q1 26: 58Q2 26: 6262Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202221
Q4 202223
Q1 202319
Q2 202321
Q3 202318
Q4 202316
Q1 202418
Q2 202422
Q3 202419
Q4 202425
Q1 202543
Q2 202541
Q3 202536
Q4 202548
Q1 202658
Q2 202662

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 11 bought or addedQ3 24: 11 cut or sold outQ4 24: 15 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 33 bought or addedQ1 25: 6 cut or sold outQ2 25: 23 bought or addedQ2 25: 20 cut or sold outQ2 25Q3 25: 18 bought or addedQ3 25: 19 cut or sold outQ4 25: 30 bought or addedQ4 25: 12 cut or sold outQ4 25Q1 26: 35 bought or addedQ1 26: 15 cut or sold outQ2 26: 37 bought or addedQ2 26: 25 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241111
Q4 2024155
Q1 2025336
Q2 20252320
Q3 20251819
Q4 20253012
Q1 20263515
Q2 20263725

Biggest buyers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +977,439+977.4k
Family Capital Trust Co Added +61,784+61.8k
KINTRA WEALTH, LLC New +32,349+32.3k
Vise Technologies, Inc. Added +31,705+31.7k
LPL Financial LLC Added +25,943+25.9k
CITADEL ADVISORS LLC New +22,661+22.7k
CARY STREET PARTNERS FINANCIAL LLC New +18,832+18.8k
Cetera Investment Advisers Added +14,996+15.0k
Wealth Enhancement Trust Services, Inc. Added +13,846+13.8k
NorthCrest Asset Manangement, LLC Added +10,557+10.6k

Biggest sellers

LeClair Wealth Partners LLC Sold out -191,096-191.1k
Cerity Partners LLC Reduced -70,324-70.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -29,881-29.9k
TWO SIGMA INVESTMENTS, LP Reduced -6,600-6.6k
JANE STREET GROUP, LLC Sold out -5,258-5.3k
Retirement Planning Group, LLC Reduced -3,176-3.2k
BANK OF AMERICA CORP /DE/ Reduced -2,707-2.7k
TRUIST FINANCIAL CORP Reduced -2,186-2.2k
Anderson Financial Strategies, LLC Reduced -1,626-1.6k
UBS Group AG Reduced -620-620

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.43% of their portfolio PLYMOUTH, MN 7,950,9988.0m $854.8m $854.8m 1.43% Added +977.4k +977,439
2 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 1,485,7191.5m $163.2m $163.2m 0.09% Unchanged
3 Cerity Partners LLC 0.18% of their portfolio NEW YORK, NY 1,363,9341.4m $149.8m $149.8m 0.18% Reduced -70.3k -70,324
4 Blue Water Asset Management 6.86% of their portfolio GRAND RAPIDS, MI 193,408193.4k $21.2m $21.2m 6.86% Added +2.3k +2,312
5 Systelligence, LLC 3.16% of their portfolio BLOOMINGTON, MN 172,282172.3k $18.9m $18.9m 3.16% Added +2.9k +2,925
6 Vise Technologies, Inc. 0.14% of their portfolio NEW YORK, NY 113,671113.7k $12.5m $12.5m 0.14% Added +31.7k +31,705
7 NorthCrest Asset Manangement, LLC 0.25% of their portfolio PLYMOUTH, MN 90,64890.6k $9.8m $9.8m 0.25% Added +10.6k +10,557
8 Anderson Financial Strategies, LLC 4.70% of their portfolio DAYTON, OH 81,80481.8k $9.0m $9.0m 4.70% Reduced -1.6k -1,626
9 Family Capital Trust Co 2.67% of their portfolio PEABODY, MA 74,63574.6k $8.2m $8.2m 2.67% Added +61.8k +61,784
10 Wealth Enhancement Trust Services, Inc. 0.82% of their portfolio SIOUX FALLS, SD 67,12367.1k $7.4m $7.4m 0.82% Added +13.8k +13,846
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 60,49760.5k $6.6m $6.6m 0.00% Added +381 +381
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 55,50155.5k $6.1m $6.1m 0.00% Added +25.9k +25,943
13 Retirement Planning Group, LLC 0.15% of their portfolio LEAWOOD, KS 53,50553.5k $5.9m $5.9m 0.15% Reduced -3.2k -3,176
14 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 48,88848.9k $5.4m $5.4m 0.01% Reduced -2.2k -2,186
15 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 45,40045.4k $5.0m $5.0m 0.00% Reduced -6.6k -6,600
16 LexAurum Advisors, LLC 0.41% of their portfolio OVERLAND PARK, KS 32,57532.6k $3.6m $3.6m 0.41% Added +3.0k +3,006
17 KINTRA WEALTH, LLC 0.19% of their portfolio WILLIAMSPORT, PA 32,34932.3k $3.6m $3.6m 0.19% New
18 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 28,37528.4k $3.1m $3.1m 0.00% Added +15.0k +14,996
19 Trilogy Capital Inc. 0.11% of their portfolio IRVINE, CA 26,52326.5k $2.9m $2.9m 0.11% Reduced -406 -406
20 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 22,66122.7k $2.5m $2.5m 0.00% New
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,12821.1k $2.3m $2.3m 0.00% Reduced -2.7k -2,707
22 CARY STREET PARTNERS FINANCIAL LLC 0.05% of their portfolio RICHMOND, VA 18,83218.8k $2.1m $2.1m 0.05% New
23 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 17,76117.8k $2.0m $2.0m 0.00% Added +877 +877
24 Beacon Financial Advisory LLC 0.37% of their portfolio CLEVELAND, OH 17,00617.0k $1.9m $1.9m 0.37% Added +1.5k +1,520
25 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 16,02416.0k $1.8m $1.8m 0.01% Reduced -370 -370
26 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 13,25813.3k $1.5m $1.5m 0.02% Reduced -152 -152
27 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,32610.3k $1.1m $1.1m 0.00% Added +1.5k +1,540
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,4357.4k $816.5k $816.5k 0.00% Added +377 +377
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,9587.0k $764.2k $764.2k 0.00% Added +117 +117
30 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6,0306.0k $662.3k $662.3k 0.00% Added +664 +664
31 MONEY CONCEPTS CAPITAL CORP 0.02% of their portfolio PALM BEACH GARDENS, FL 3,8143.8k $418.9k $418.9k 0.02% Added +312 +312
32 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 3,6223.6k $397.8k $397.8k 0.00% New
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,5403.5k $388.8k $388.8k 0.00% Added +622 +622
34 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,3283.3k $365.5k $365.5k 0.00% Added +948 +948
35 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 3,3153.3k $364.1k $364.1k 0.00% Reduced -467 -467
36 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 3,0933.1k $339.7k $339.7k 0.00% New
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 2,9242.9k $321.2k $321.2k 0.00% Added +739 +739
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 2,7672.8k $304.0k $304.0k 0.00% New
39 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,7612.8k $303.3k $303.3k 0.00% Reduced -16 -16
40 Cerity Partners Retirement Plan Advisors LLC 0.12% of their portfolio NEW YORK, NY 2,5942.6k $284.9k $284.9k 0.12% New
41 Capital Square, LLC 0.12% of their portfolio ATHENS, TN 2,4472.4k $266.1k $266.1k 0.12% Added +151 +151
42 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 2,4192.4k $265.7k $265.7k 0.01% Reduced -8 -8
43 Curry Webb Wealth Management LLC 0.08% of their portfolio INDIANAPOLIS, IN 1,8551.9k $203.7k $203.7k 0.08% New
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 944944 $103.7k $103.7k 0.00% Added +638 +638
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 784784 $86.0k $86.0k 0.00% Added +417 +417
46 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 780780 $85.7k $85.7k 0.00% Added +750 +750
47 Strive Financial Group ,LLC 0.02% of their portfolio CARMEL, IN 411411 $45.1k $45.1k 0.02% Reduced -13 -13
48 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 391391 $42.9k $42.9k 0.00% New
49 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 279279 $30.6k $30.6k 0.00% Unchanged
50 FMR LLC 0.00% of their portfolio BOSTON, MA 264264 $29.0k $29.0k 0.00% Reduced -615 -615
51 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 140140 $15.4k $15.4k 0.00% Unchanged
52 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 113113 $12.4k $12.4k 0.00% Unchanged
53 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 8383 $9.1k $9.1k 0.00% New
54 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 8282 $9.0k $9.0k 0.00% Added +62 +62
55 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 5959 $6.4k $6.4k 0.00% Unchanged
56 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 5858 $6.4k $6.4k 0.00% Unchanged
57 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5858 $6.4k $6.4k 0.00% Reduced -29 -29
58 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 4343 $4.7k $4.7k 0.00% Reduced -155 -155
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 3838 $4.2k $4.2k 0.00% Reduced -620 -620
60 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 2525 $2.7k $2.7k 0.00% New
61 Essential Investment Partners LLC 0.00% of their portfolio ENGLEWOOD, CO 2121 $2.3k $2.3k 0.00% Unchanged
62 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $94 $94 0.00% Reduced -113 -113