Vault-13

VICTORY PORTFOLIOS II MODL

VICTORYSHARES WE · ETP · CUSIP 92647P126

44 institutional holders +1 vs Q1 2025
12,122,01512.1m shares reported held*
$522.5mreported value*
7 new 25 added 9 reduced 6 sold out net bought ≈ $51.3m (+1.2m 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 ≈ $43.10.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 7Q1 23: 5Q2 23: 10Q3 23: 14Q4 23: 20Q1 24: 21Q2 24: 37Q3 24: 39Q4 24: 41Q1 25: 43Q2 25: 4444Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20227
Q1 20235
Q2 202310
Q3 202314
Q4 202320
Q1 202421
Q2 202437
Q3 202439
Q4 202441
Q1 202543
Q2 202544

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 12 bought or addedQ3 23: 2 cut or sold outQ4 23: 16 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 5 cut or sold outQ2 24: 26 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 29 bought or addedQ3 24: 10 cut or sold outQ4 24: 22 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 33 bought or addedQ1 25: 11 cut or sold outQ2 25: 32 bought or addedQ2 25: 15 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023122
Q4 2023162
Q1 2024175
Q2 2024265
Q3 20242910
Q4 20242214
Q1 20253311
Q2 20253215

Biggest buyers

Rockefeller Capital Management L.P. Added +440,270+440.3k
ROYAL BANK OF CANADA Added +334,228+334.2k
MORGAN STANLEY Added +311,701+311.7k
TRUIST FINANCIAL CORP Added +154,912+154.9k
D.A. DAVIDSON & CO. New +98,423+98.4k
LPL Financial LLC Added +92,977+93.0k
MBL Wealth, LLC Added +81,997+82.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +60,563+60.6k
TWO SIGMA INVESTMENTS, LP New +47,000+47.0k
Coastal Bridge Advisors, LLC New +32,603+32.6k

Biggest sellers

Janney Montgomery Scott LLC Reduced -310,439-310.4k
HighTower Advisors, LLC Reduced -199,858-199.9k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -23,354-23.4k
VICTORY CAPITAL MANAGEMENT INC Reduced -19,570-19.6k
INDEPENDENT FINANCIAL GROUP, LLC Sold out -17,108-17.1k
JANE STREET GROUP, LLC Sold out -12,285-12.3k
GOLDMAN SACHS GROUP INC Sold out -5,544-5.5k
Sanctuary Advisors, LLC Reduced -4,889-4.9k
Steward Partners Investment Advisory, LLC Reduced -719-719
UBS Group AG Sold out -450-450

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
TRUIST FINANCIAL CORP 13G · institution +0.3 pts · filed 2026-07-08 5.3% +0.3 pts 1.1m≈ $54.2m 2026-07-08

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio San Antonio, TX 5,010,2885.0m $215.9m $215.9m 0.14% Reduced -19.6k -19,570
2 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 1,092,5321.1m $47.1m $47.1m 0.07% Added +154.9k +154,912
3 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 1,069,6371.1m $46.1m $46.1m 0.12% Reduced -310.4k -310,439
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 882,830882.8k $38.0m $38.0m 0.01% Added +2.9k +2,921
5 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 873,772873.8k $37.7m $37.7m 0.04% Added +440.3k +440,270
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 692,569692.6k $29.8m $29.8m 0.01% Added +93.0k +92,977
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 652,028652.0k $28.1m $28.1m 0.00% Added +334.2k +334,228
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 312,392312.4k $13.5m $13.5m 0.00% Added +311.7k +311,701
9 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 300,567300.6k $13.0m $13.0m 0.00% Added +31.9k +31,882
10 MBL Wealth, LLC 0.90% of their portfolio CHARLOTTE, NC 217,591217.6k $9.4m $9.4m 0.90% Added +82.0k +81,997
11 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 98,42398.4k $4.2m $4.2m 0.03% New
12 Huntleigh Advisors, Inc. 0.75% of their portfolio ST. LOUIS, MO 90,63890.6k $3.9m $3.9m 0.75% Added +4.0k +3,964
13 Summit Financial, LLC 0.09% of their portfolio PARSIPPANY, NJ 90,58190.6k $3.9m $3.9m 0.09% Reduced -141 -141
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 85,20385.2k $3.7m $3.7m 0.01% Added +60.6k +60,563
15 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 67,11467.1k $2.9m $2.9m 0.01% Added +628 +628
16 Tradition Wealth Management, LLC 0.22% of their portfolio EDINA, MN 64,71064.7k $2.8m $2.8m 0.22% Added +10.2k +10,190
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 64,65964.7k $2.8m $2.8m 0.00% Added +12.2k +12,233
18 Kuhn & Co Investment Counsel 1.70% of their portfolio Chicago, IL 52,07852.1k $2.2m $2.2m 1.70% Added +5.5k +5,490
19 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 47,00047.0k $2.0m $2.0m 0.00% New
20 Gladstone Institutional Advisory LLC 0.08% of their portfolio Bedminster, NJ 46,80446.8k $2.0m $2.0m 0.08% Added +4.8k +4,787
21 GENTRY PRIVATE WEALTH, LLC 1.13% of their portfolio WICHITA, KS 34,27734.3k $1.5m $1.5m 1.13% Added +216 +216
22 Coastal Bridge Advisors, LLC 0.12% of their portfolio WESTPORT, CT 32,60332.6k $1.4m $1.4m 0.12% New
23 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 26,95827.0k $1.2m $1.2m 0.01% Reduced -4.9k -4,889
24 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 24,49424.5k $1.1m $1.1m 0.01% Added +233 +233
25 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 20,00420.0k $862.1k $862.1k 0.03% Added +8.8k +8,804
26 FIRETHORN WEALTH PARTNERS, LLC 0.36% of their portfolio AUGUSTA, GA 19,06419.1k $821.7k $821.7k 0.36% Added +192 +192
27 Leverty Financial Group, LLC 0.22% of their portfolio HUDSON, WI 17,43817.4k $751.6k $751.6k 0.22% Reduced -110 -110
28 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 15,89015.9k $684.9k $684.9k 0.01% Added +9.4k +9,450
29 CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio RICHMOND, VA 15,43615.4k $665.3k $665.3k 0.02% Added +2.8k +2,753
30 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 14,99815.0k $646.4k $646.4k 0.03% Added +971 +971
31 WEALTH EFFECTS LLC 0.21% of their portfolio BOSTON, MA 13,03013.0k $561.6k $561.6k 0.21% Reduced -100 -100
32 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 12,64112.6k $544.8k $544.8k 0.00% New
33 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 12,19812.2k $525.7k $525.7k 0.00% Added +2.4k +2,442
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,2838.3k $357.0k $357.0k 0.00% Added +108 +108
35 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 7,9738.0k $343.6k $343.6k 0.01% New
36 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,7947.8k $335.9k $335.9k 0.00% Reduced -199.9k -199,858
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,0507.0k $303.9k $303.9k 0.00% New
38 Broadway Wealth Solutions, Inc. 0.16% of their portfolio San Antonio, TX 5,9526.0k $256.5k $256.5k 0.16% Added +231 +231
39 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,4945.5k $236.8k $236.8k 0.00% Reduced -719 -719
40 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 4,8004.8k $206.9k $206.9k 0.00% New
41 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,0314.0k $173.7k $173.7k 0.00% Reduced -353 -353
42 GoalVest Advisory LLC 0.00% of their portfolio New York, NY 156156 $6.7k $6.7k 0.00% Unchanged
43 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 3535 $1.5k $1.5k 0.00% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged