Vault-13

VICTORY PORTFOLIOS II CDC

VCSHS US EQ INCM · ETP · CUSIP 92647N824

98 institutional holders +1 vs Q3 2025
7,143,1347.1m shares reported held*
$470.9mreported value*
9 new 23 added 49 reduced 8 sold out net sold ≈ $21.8m (-331.0k 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 ≈ $65.92.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 138Q4 22: 150Q1 23: 141Q2 23: 134Q3 23: 114Q4 23: 121Q1 24: 105Q2 24: 102Q3 24: 102Q4 24: 100Q1 25: 104Q2 25: 99Q3 25: 97Q4 25: 9898Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022138
Q4 2022150
Q1 2023141
Q2 2023134
Q3 2023114
Q4 2023121
Q1 2024105
Q2 2024102
Q3 2024102
Q4 2024100
Q1 2025104
Q2 202599
Q3 202597
Q4 202598

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 27 bought or addedQ1 24: 87 cut or sold outQ2 24: 24 bought or addedQ2 24: 64 cut or sold outQ2 24Q3 24: 33 bought or addedQ3 24: 55 cut or sold outQ4 24: 24 bought or addedQ4 24: 61 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 54 cut or sold outQ2 25: 34 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 26 bought or addedQ3 25: 60 cut or sold outQ4 25: 32 bought or addedQ4 25: 57 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242787
Q2 20242464
Q3 20243355
Q4 20242461
Q1 20253954
Q2 20253456
Q3 20252660
Q4 20253257

Biggest buyers

Rockefeller Capital Management L.P. Added +147,503+147.5k
GOLDMAN SACHS GROUP INC Added +43,745+43.7k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ New +14,397+14.4k
Western Wealth Management, LLC New +12,823+12.8k
JANE STREET GROUP, LLC New +10,202+10.2k
NewEdge Advisors, LLC Added +7,784+7.8k
Signal Advisors Wealth, LLC New +3,796+3.8k
CITADEL ADVISORS LLC Added +3,534+3.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,439+3.4k
FLOW TRADERS U.S. LLC New +3,395+3.4k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -121,498-121.5k
MORGAN STANLEY Reduced -99,892-99.9k
RAYMOND JAMES FINANCIAL INC Reduced -56,081-56.1k
&PARTNERS Reduced -41,390-41.4k
LPL Financial LLC Reduced -37,044-37.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -27,088-27.1k
MONEY CONCEPTS CAPITAL CORP Reduced -24,336-24.3k
Caprock Group, LLC Reduced -23,400-23.4k
CWM, LLC Reduced -22,145-22.1k
ROYAL BANK OF CANADA Reduced -20,563-20.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,142,0291.1m $75.2m $75.2m 0.00% Reduced -99.9k -99,892
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 671,668671.7k $44.3m $44.3m 0.01% Reduced -56.1k -56,081
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 578,062578.1k $38.1m $38.1m 0.00% Reduced -9.1k -9,076
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 538,843538.8k $35.5m $35.5m 0.01% Reduced -37.0k -37,044
5 SILVER OAK SECURITIES, INCORPORATED 2.17% of their portfolio JACKSON, TN 484,811484.8k $32.2m $32.2m 2.17% Reduced -13.8k -13,770
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 444,514444.5k $29.3m $29.3m 0.02% Reduced -27.1k -27,088
7 ATLANTIC FAMILY WEALTH, LLC 19.18% of their portfolio CORAL GABLES, FL 385,489385.5k $25.4m $25.4m 19.18% Added +1.8k +1,802
8 CWM, LLC 0.05% of their portfolio OMAHA, NE 305,071305.1k $20.1m $20.1m 0.05% Reduced -22.1k -22,145
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 270,156270.2k $17.8m $17.8m 0.00% Reduced -20.6k -20,563
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 223,608223.6k $14.7m $14.7m 0.00% Reduced -2.5k -2,490
11 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 174,878174.9k $11.5m $11.5m 0.03% Reduced -1.6k -1,618
12 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 167,466167.5k $11.0m $11.0m 0.02% Added +147.5k +147,503
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 164,645164.6k $10.8m $10.8m 0.01% Reduced -11.7k -11,732
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 115,849115.8k $7.6m $7.6m 0.00% Reduced -479 -479
15 Garrett Wealth Advisory Group, LLC 1.42% of their portfolio WEATHERFORD, TX 114,343114.3k $7.5m $7.5m 1.42% Reduced -4.2k -4,202
16 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 107,464107.5k $7.1m $7.1m 0.08% Reduced -2.5k -2,482
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 104,916104.9k $6.9m $6.9m 0.00% Added +957 +957
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 101,187101.2k $6.7m $6.7m 0.00% Added +43.7k +43,745
19 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 98,35998.4k $6.5m $6.5m 0.02% Added +7.8k +7,784
20 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 82,39082.4k $5.4m $5.4m 0.03% Reduced -4.5k -4,478
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 63,06063.1k $4.2m $4.2m 0.00% Reduced -2.6k -2,643
22 Strategic Blueprint, LLC 0.23% of their portfolio ATLANTA, GA 59,80659.8k $3.9m $3.9m 0.23% Added +2.4k +2,441
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 54,26854.3k $3.6m $3.6m 0.01% Reduced -20.5k -20,522
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 49,70749.7k $3.3m $3.3m 0.00% Added +3.5k +3,534
25 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 39,06439.1k $2.6m $2.6m 0.00% Added +792 +792
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 38,83938.8k $2.6m $2.6m 0.00% Reduced -121.5k -121,498
27 MATHER GROUP, LLC. 0.03% of their portfolio CHICAGO, IL 37,21237.2k $2.5m $2.5m 0.03% Reduced -308 -308
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,28232.3k $2.1m $2.1m 0.00% Reduced -3.2k -3,229
29 Keystone Financial Group 0.15% of their portfolio LEXINGTON, KY 31,75231.8k $2.1m $2.1m 0.15% Reduced -1.3k -1,298
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,63729.6k $2.0m $2.0m 0.00% Reduced -1.3k -1,273
31 PFG Advisors 0.09% of their portfolio Phoenix, AZ 29,00029.0k $1.9m $1.9m 0.09% Added +614 +614
32 MONEY CONCEPTS CAPITAL CORP 0.10% of their portfolio PALM BEACH GARDENS, FL 25,95426.0k $1.7m $1.7m 0.10% Reduced -24.3k -24,336
33 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 25,88825.9k $1.7m $1.7m 0.00% Added +1.3k +1,335
34 Caprock Group, LLC 0.03% of their portfolio BOISE, ID 20,04320.0k $1.3m $1.3m 0.03% Reduced -23.4k -23,400
35 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 19,35219.4k $1.3m $1.3m 0.01% Added +3.1k +3,078
36 Salus Financial Advisors, LLC 0.68% of their portfolio COLORADO SPRINGS, CO 17,28317.3k $1.1m $1.1m 0.68% Reduced -754 -754
37 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 16,72716.7k $1.1m $1.1m 0.03% Reduced -594 -594
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,43716.4k $1.1m $1.1m 0.00% Added +3.4k +3,439
39 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.04% of their portfolio SALT LAKE CITY, UT 14,39714.4k $948.6k $948.6k 0.04% New
40 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 14,19314.2k $935.2k $935.2k 0.01% Added +323 +323
41 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 13,45813.5k $886.7k $886.7k 0.04% Added +1.0k +1,019
42 KPP Advisory Services LLC 0.13% of their portfolio Louisville, KY 13,31813.3k $877.5k $877.5k 0.13% Reduced -5.5k -5,515
43 Western Wealth Management, LLC 0.04% of their portfolio GOLDEN, CO 12,82312.8k $844.9k $844.9k 0.04% New
44 Axis Wealth Partners, LLC 0.41% of their portfolio EAST PROVIDENCE, RI 11,30211.3k $744.7k $744.7k 0.41% Reduced -436 -436
45 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 10,55010.6k $695.1k $695.1k 0.02% Added +2.8k +2,779
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 10,20210.2k $672.2k $672.2k 0.00% New
47 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,3039.3k $613.0k $613.0k 0.00% Reduced -620 -620
48 FLAGSHIP HARBOR ADVISORS, LLC 0.03% of their portfolio BOSTON, MA 8,7368.7k $575.7k $575.7k 0.03% Added +94 +94
49 Smith Thornton Advisors LLC 0.28% of their portfolio HUNTSVILLE, AL 8,4798.5k $558.7k $558.7k 0.28% Unchanged
50 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 7,7537.8k $510.8k $510.8k 0.01% Reduced -390 -390
51 Comprehensive Financial Planning, Inc./PA 0.32% of their portfolio EAST PETERSBURG, PA 7,4507.5k $490.9k $490.9k 0.32% Added +84 +84
52 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 7,4297.4k $489.5k $489.5k 0.01% Reduced -823 -823
53 Patriot Financial Group Insurance Agency, LLC 0.06% of their portfolio Westborough, MA 7,3817.4k $486.3k $486.3k 0.06% Reduced -402 -402
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,1896.2k $407.8k $407.8k 0.00% Added +47 +47
55 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 5,7935.8k $381.7k $381.7k 0.01% Reduced -119 -119
56 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 5,4115.4k $356.5k $356.5k 0.01% Added +7 +7
57 Vantage Financial Partners, LLC 0.07% of their portfolio ELM GROVE, WI 5,2985.3k $349.1k $349.1k 0.07% Reduced -492 -492
58 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 5,2685.3k $349.7k $349.7k 0.00% Reduced -236 -236
59 First Heartland Consultants, Inc. 0.03% of their portfolio LAKE ST. LOUIS, MO 5,2205.2k $343.9k $343.9k 0.03% Unchanged
60 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,2175.2k $343.7k $343.7k 0.00% Added +4 +4
61 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 4,5244.5k $298.1k $298.1k 0.01% Added +173 +173
62 RPS ADVISORY SOLUTIONS LLC 0.13% of their portfolio LOUISVILLE, KY 4,3204.3k $284.7k $284.7k 0.13% Reduced -49 -49
63 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,3034.3k $283.5k $283.5k 0.00% Unchanged
64 Simplicity Wealth,LLC 0.02% of their portfolio SUMMIT, NJ 4,2174.2k $277.9k $277.9k 0.02% Added +182 +182
65 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 4,1954.2k $276.4k $276.4k 0.00% Reduced -41.4k -41,390
66 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 4,0434.0k $266.0k $266.0k 0.00% Reduced -6.2k -6,177
67 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 4,0414.0k $266.2k $266.2k 0.01% Reduced -150 -150
68 Signal Advisors Wealth, LLC 0.02% of their portfolio DETROIT, MI 3,7963.8k $250.1k $250.1k 0.02% New
69 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 3,5483.5k $233.8k $233.8k 0.01% Reduced -97 -97
70 CALTON & ASSOCIATES, INC. 0.03% of their portfolio Tampa, FL 3,4033.4k $224.2k $224.2k 0.03% Reduced -24 -24
71 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 3,3953.4k $224.0k $224.0k 0.01% New
72 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 3,3263.3k $219.2k $219.2k 0.00% Unchanged
73 one8zero8, LLC 0.05% of their portfolio GREENSBORO, NC 3,3003.3k $217.4k $217.4k 0.05% Unchanged
74 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,7242.7k $179.5k $179.5k 0.00% Reduced -92 -92
75 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,6622.7k $175.4k $175.4k 0.00% Unchanged
76 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,2882.3k $150.8k $150.8k 0.00% Reduced -260 -260
77 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 2,2002.2k $145.0k $145.0k 0.01% Unchanged
78 DHJJ Financial Advisors, Ltd. 0.02% of their portfolio NAPERVILLE, IL 896896 $59.0k $59.0k 0.02% Reduced -5 -5
79 Noble Wealth Management PBC 0.02% of their portfolio GREENWOOD VILLAGE, CO 733733 $48.3k $48.3k 0.02% Reduced -25 -25
80 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 413413 $27.2k $27.2k 0.00% Unchanged
81 Measured Wealth Private Client Group, LLC 0.01% of their portfolio PORTSMOUTH, NH 395395 $26.0k $26.0k 0.01% Unchanged
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 355355 $23.4k $23.4k 0.00% Reduced -127 -127
83 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 346346 $22.8k $22.8k 0.00% New
84 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 341341 $22.5k $22.5k 0.00% New
85 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 300300 $19.8k $19.8k 0.00% Unchanged
86 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 259259 $17.1k $17.1k 0.00% New
87 Pacific Center for Financial Services 0.00% of their portfolio DANVILLE, CA 227227 $15.1k $15.1k 0.00% Unchanged
88 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 205205 $14.0k $14.0k 0.00% New
89 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 200200 $13.2k $13.2k 0.00% Unchanged
90 FMR LLC 0.00% of their portfolio BOSTON, MA 174174 $11.4k $11.4k 0.00% Reduced -134 -134
91 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 162162 $11.0k $11.0k 0.00% Unchanged
92 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 158158 $10.4k $10.4k 0.00% Unchanged
93 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 155155 $10.2k $10.2k 0.00% Unchanged
94 Operose Advisors LLC 0.00% of their portfolio MILWAUKEE, WI 136136 $9.0k $9.0k 0.00% Unchanged
95 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 6969 $4.5k $4.5k 0.00% Unchanged
96 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 6363 $4.2k $4.2k 0.00% Reduced -175 -175
97 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3232 $2.1k $2.1k 0.00% Added +8 +8
98 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 11 $86 $86 0.00% Reduced -200 -200