Vault-13

VICTORY PORTFOLIOS II VFLO

SHARES FREE CASH · ETP · CUSIP 92647X830

197 institutional holders +40 vs Q4 2024
87,330,43887.3m shares reported held*
$3.0bnreported value*
50 new 118 added 21 reduced 6 sold out net bought ≈ $1.5bn (+43.6m 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.16.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q2 23: 3Q3 23: 7Q4 23: 14Q1 24: 29Q2 24: 64Q3 24: 102Q4 24: 157Q1 25: 197197Q2 23Q4 23Q2 24Q4 24Q1 25
Numbers
QuarterHolders
Q2 20233
Q3 20237
Q4 202314
Q1 202429
Q2 202464
Q3 2024102
Q4 2024157
Q1 2025197

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 5 bought or addedQ3 23: 1 cut or sold outQ3 23Q4 23: 10 bought or addedQ4 23: 3 cut or sold outQ1 24: 23 bought or addedQ1 24: 5 cut or sold outQ1 24Q2 24: 56 bought or addedQ2 24: 9 cut or sold outQ3 24: 91 bought or addedQ3 24: 11 cut or sold outQ3 24Q4 24: 127 bought or addedQ4 24: 16 cut or sold outQ1 25: 168 bought or addedQ1 25: 27 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q3 202351
Q4 2023103
Q1 2024235
Q2 2024569
Q3 20249111
Q4 202412716
Q1 202516827

Biggest buyers

Allworth Financial LP Added +6,571,759+6.6m
BANK OF AMERICA CORP /DE/ Added +5,725,158+5.7m
MORGAN STANLEY Added +4,466,253+4.5m
LPL Financial LLC Added +3,521,070+3.5m
Smith Anglin Financial, LLC Added +2,505,916+2.5m
WELLS FARGO & COMPANY/MN Added +2,287,871+2.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +2,056,804+2.1m
RAYMOND JAMES FINANCIAL INC Added +1,425,715+1.4m
Goldstein Advisors, LLC New +1,198,779+1.2m
VICTORY CAPITAL MANAGEMENT INC Added +1,186,179+1.2m

Biggest sellers

Annex Advisory Services, LLC Reduced -297,804-297.8k
Quadrature Capital Ltd Reduced -215,866-215.9k
RPS ADVISORY SOLUTIONS LLC Sold out -61,233-61.2k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -24,233-24.2k
D. E. Shaw & Co., Inc. Reduced -19,596-19.6k
STRATEGIC PLANNING GROUP, LLC Reduced -19,443-19.4k
WBI INVESTMENTS, LLC Reduced -18,857-18.9k
Secure Asset Management, LLC Reduced -17,744-17.7k
Ausdal Financial Partners, Inc. Reduced -15,695-15.7k
Transform Wealth, LLC Reduced -14,132-14.1k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 9,745,1129.7m $334.1m $334.1m 0.03% Added +5.7m +5,725,158
2 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 7,635,9917.6m $261.8m $261.8m 0.10% Added +3.5m +3,521,070
3 Allworth Financial LP 1.22% of their portfolio FOLSOM, CA 6,573,0596.6m $216.0m $216.0m 1.22% Added +6.6m +6,571,759
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,621,8135.6m $192.7m $192.7m 0.01% Added +4.5m +4,466,253
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.16% of their portfolio MILWAUKEE, WI 5,550,8125.6m $190.3m $190.3m 0.16% Added +2.1m +2,056,804
6 VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio San Antonio, TX 3,606,2503.6m $123.6m $123.6m 0.13% Added +1.2m +1,186,179
7 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,251,3403.3m $111.5m $111.5m 0.03% Added +2.3m +2,287,871
8 Composition Wealth, LLC 1.79% of their portfolio LOS ANGELES, CA 2,600,1152.6m $89.1m $89.1m 1.79% Reduced -13.2k -13,220
9 Smith Anglin Financial, LLC 9.31% of their portfolio DALLAS, TX 2,565,8382.6m $88.0m $88.0m 9.31% Added +2.5m +2,505,916
10 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 2,497,1022.5m $85.6m $85.6m 0.03% Added +1.4m +1,425,715
11 Annex Advisory Services, LLC 2.27% of their portfolio BROOKFIELD, WI 2,338,6562.3m $80.2m $80.2m 2.27% Reduced -297.8k -297,804
12 TRAPHAGEN INVESTMENT ADVISORS LLC 7.51% of their portfolio ORADELL, NJ 2,099,1162.1m $72.0m $72.0m 7.51% Added +439.3k +439,317
13 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,052,1102.1m $70.3m $70.3m 0.02% Added +181.1k +181,065
14 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,844,2421.8m $63.2m $63.2m 0.01% Added +1.1m +1,065,704
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,780,5651.8m $61.0m $61.0m 0.01% Added +1.2m +1,163,341
16 GREAT VALLEY ADVISOR GROUP, INC. 1.07% of their portfolio WILMINGTON, DE 1,445,9081.4m $49.6m $49.6m 1.07% Added +340.5k +340,455
17 CORRECT CAPITAL WEALTH MANAGEMENT 9.05% of their portfolio CLAYTON, MO 1,330,3931.3m $45.6m $45.6m 9.05% Reduced -24.2k -24,233
18 Sanctuary Advisors, LLC 0.29% of their portfolio INDIANAPOLIS, IN 1,202,6061.2m $41.2m $41.2m 0.29% Added +253.7k +253,696
19 Goldstein Advisors, LLC 6.01% of their portfolio Madison, WI 1,198,7791.2m $41.1m $41.1m 6.01% New
20 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 1,187,7351.2m $40.7m $40.7m 0.25% Added +797.6k +797,563
21 Krilogy Financial LLC 2.53% of their portfolio ST. LOUIS, MO 1,138,2911.1m $39.0m $39.0m 2.53% Added +178.8k +178,842
22 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 1,023,0481.0m $35.1m $35.1m 0.05% Added +329.4k +329,427
23 StoneX Group Inc. 1.90% of their portfolio NEW YORK, NY 1,012,6891.0m $34.7m $34.7m 1.90% Added +13.9k +13,891
24 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 871,784871.8k $29.9m $29.9m 0.10% Added +560.7k +560,679
25 RVW Wealth, LLC 2.58% of their portfolio LOS ANGELES, CA 800,370800.4k $27.4m $27.4m 2.58% Added +626.3k +626,264
26 Keystone Financial Group 2.51% of their portfolio LEXINGTON, KY 721,195721.2k $24.7m $24.7m 2.51% Added +196.4k +196,415
27 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 710,397710.4k $24.4m $24.4m 0.05% Added +364.0k +364,020
28 Sepio Capital, LP 1.40% of their portfolio Salt Lake City, UT 515,368515.4k $17.7m $17.7m 1.40% Added +283.2k +283,202
29 STRATEGIC PLANNING GROUP, LLC 3.44% of their portfolio Bountiful, UT 513,137513.1k $17.6m $17.6m 3.44% Reduced -19.4k -19,443
30 Astor Investment Management LLC 9.21% of their portfolio CHICAGO, IL 505,359505.4k $17.3m $17.3m 9.21% Added +121.8k +121,787
31 Orion Porfolio Solutions, LLC 0.16% of their portfolio OMAHA, NE 470,976471.0k $16.1m $16.1m 0.16% New
32 Orion Portfolio Solutions, LLC 0.08% of their portfolio Omaha, NE 470,976471.0k $16.1m $16.1m 0.08% New
33 Financial Enhancement Group LLC 2.34% of their portfolio ANDERSON, IN 470,094470.1k $15.0m $15.0m 2.34% Reduced -5.6k -5,584
34 Vantage Financial Partners, LLC 4.00% of their portfolio ELM GROVE, WI 469,612469.6k $16.1m $16.1m 4.00% Added +16.2k +16,237
35 Landmark Wealth Management, LLC 6.15% of their portfolio MELVILLE, NY 406,462406.5k $13.9m $13.9m 6.15% Added +31.8k +31,769
36 Allen Capital Group, LLC 1.55% of their portfolio GRAND ISLAND, NE 393,940393.9k $13.5m $13.5m 1.55% Added +36.2k +36,215
37 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 390,802390.8k $13.4m $13.4m 0.04% New
38 ADAPT WEALTH ADVISORS, LLC 6.08% of their portfolio ATLANTA, GA 363,672363.7k $12.5m $12.5m 6.08% Added +32.2k +32,245
39 Atria Investments, Inc 0.16% of their portfolio Charlotte, NC 353,362353.4k $12.1m $12.1m 0.16% Added +145.0k +144,987
40 CFO4Life Group, LLC 1.87% of their portfolio COPPELL, TX 323,494323.5k $11.1m $11.1m 1.87% New
41 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 320,629320.6k $11.0m $11.0m 0.02% Added +92.5k +92,517
42 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 273,489273.5k $9.4m $9.4m 0.02% Added +219.8k +219,816
43 Procyon Advisors, LLC 0.56% of their portfolio SHELTON, CT 269,061269.1k $9.2m $9.2m 0.56% New
44 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 259,504259.5k $8.9m $8.9m 0.02% Added +35.3k +35,296
45 OneAscent Financial Services LLC 0.57% of their portfolio BIRMINGHAM, AL 255,555255.6k $8.8m $8.8m 0.57% New
46 WBI INVESTMENTS, LLC 2.24% of their portfolio RED BANK, NJ 248,409248.4k $8.5m $8.5m 2.24% Reduced -18.9k -18,857
47 Financial Designs Corp 5.80% of their portfolio CLAREMONT, CA 243,018243.0k $8.3m $8.3m 5.80% Added +3.6k +3,623
48 Concurrent Investment Advisors, LLC 0.20% of their portfolio Tampa, FL 241,205241.2k $8.3m $8.3m 0.20% New
49 Western Wealth Management, LLC 0.53% of their portfolio GOLDEN, CO 231,147231.1k $7.9m $7.9m 0.53% Added +9.4k +9,398
50 Advance Capital Management, Inc. 0.37% of their portfolio SOUTHFIELD, MI 227,037227.0k $7.8m $7.8m 0.37% New
51 OneAscent Wealth Management LLC 3.28% of their portfolio BIRMINGHAM, AL 220,662220.7k $7.6m $7.6m 3.28% New
52 Patriot Financial Group Insurance Agency, LLC 1.01% of their portfolio Westborough, MA 220,425220.4k $7.6m $7.6m 1.01% Added +63.0k +62,965
53 Advisor Resource Council 0.56% of their portfolio DALLAS, TX 202,710202.7k $6.9m $6.9m 0.56% New
54 FLAGSHIP HARBOR ADVISORS, LLC 0.34% of their portfolio BOSTON, MA 190,773190.8k $6.5m $6.5m 0.34% Added +30.2k +30,161
55 Lifestyle Asset Management, Inc. 3.53% of their portfolio FRIENDSWOOD, TX 187,326187.3k $6.4m $6.4m 3.53% Added +131.1k +131,100
56 Foundations Investment Advisors, LLC 0.12% of their portfolio PHOENIX, AZ 183,524183.5k $6.3m $6.3m 0.12% New
57 Ledyard National Bank 0.62% of their portfolio HANOVER, NH 182,327182.3k $6.3m $6.3m 0.62% New
58 Mariner, LLC 0.01% of their portfolio Overland Park, KS 170,783170.8k $5.9m $5.9m 0.01% Added +3.4k +3,398
59 Farther Finance Advisors, LLC 0.14% of their portfolio SAN FRANCISCO, CA 162,859162.9k $5.6m $5.6m 0.14% New
60 Fort Point Capital Partners LLC 0.62% of their portfolio San Francisco, CA 161,756161.8k $5.5m $5.5m 0.62% New
61 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 159,245159.2k $5.5m $5.5m 0.02% Added +11.3k +11,258
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 155,287155.3k $5.3m $5.3m 0.01% Added +51.3k +51,334
63 Huntleigh Advisors, Inc. 0.84% of their portfolio ST. LOUIS, MO 146,352146.4k $5.0m $5.0m 0.84% Added +10.6k +10,617
64 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 145,700145.7k $5.0m $5.0m 0.01% Added +126.6k +126,600
65 J HAGAN CAPITAL, INC. 3.97% of their portfolio LOUISVILLE, KY 143,376143.4k $4.9m $4.9m 3.97% First filing
66 SimpliFi, Inc. 2.12% of their portfolio SAN DIEGO, CA 134,505134.5k $4.6m $4.6m 2.12% Added +63.9k +63,895
67 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 123,478123.5k $4.2m $4.2m 0.00% New
68 Goldstone Financial Group, LLC 0.62% of their portfolio OAKBROOK TERRACE, IL 118,943118.9k $4.1m $4.1m 0.62% Added +14.0k +14,040
69 Transform Wealth, LLC 0.25% of their portfolio GREENWOOD VILLAGE, CO 118,520118.5k $4.1m $4.1m 0.25% Reduced -14.1k -14,132
70 Legacy Capital Group California, Inc. 1.34% of their portfolio LOS GATOS, CA 112,532112.5k $3.9m $3.9m 1.34% Added +21.8k +21,753
71 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 109,468109.5k $3.8m $3.8m 0.01% Added +66.5k +66,468
72 Ausdal Financial Partners, Inc. 0.27% of their portfolio Davenport, IA 104,548104.5k $3.6m $3.6m 0.27% Reduced -15.7k -15,695
73 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 104,474104.5k $3.6m $3.6m 0.00% Added +35.5k +35,520
74 BYRNE FINANCIAL FREEDOM, LLC 2.02% of their portfolio FRANKLIN, MA 103,729103.7k $3.6m $3.6m 2.02% Added +503 +503
75 INDEPENDENT FINANCIAL GROUP, LLC 0.11% of their portfolio SAN DIEGO, CA 93,22193.2k $3.2m $3.2m 0.11% Added +43.2k +43,208
76 Cornerstone Wealth Management, LLC 0.21% of their portfolio ST. PETERS, MO 88,37888.4k $3.0m $3.0m 0.21% Added +51.4k +51,382
77 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 2.29% of their portfolio BEDFORD, NH 80,28280.3k $2.8m $2.8m 2.29% Added +70.2k +70,154
78 Pine Valley Investments Ltd Liability Co 0.18% of their portfolio MARLTON, NJ 79,82979.8k $2.7m $2.7m 0.18% Added +15.4k +15,410
79 NAPA WEALTH MANAGEMENT 1.53% of their portfolio Napa, CA 79,39879.4k $2.7m $2.7m 1.53% Added +34.6k +34,575
80 Tradition Wealth Management, LLC 0.23% of their portfolio EDINA, MN 76,44076.4k $2.6m $2.6m 0.23% Added +8.6k +8,576
81 VISTA INVESTMENT PARTNERS LLC 0.75% of their portfolio Oklahoma City, OK 71,50571.5k $2.5m $2.5m 0.75% Added +31.3k +31,315
82 Triumph Capital Management 0.81% of their portfolio DENVER, CO 70,87570.9k $2.4m $2.4m 0.81% Added +29.4k +29,406
83 SAGESPRING WEALTH PARTNERS, LLC 0.06% of their portfolio FRANKLIN, TN 69,86969.9k $2.4m $2.4m 0.06% Added +32.6k +32,637
84 Hilltop Holdings Inc. 0.15% of their portfolio DALLAS, TX 68,94668.9k $2.4m $2.4m 0.15% Added +35.6k +35,618
85 Maridea Wealth Management LLC 0.77% of their portfolio BROOKLYN, NY 68,49168.5k $2.3m $2.3m 0.77% Added +2.7k +2,680
86 COMERICA BANK 0.01% of their portfolio DALLAS, TX 65,83465.8k $2.3m $2.3m 0.01% Added +52.0k +52,016
87 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 65,79765.8k $2.3m $2.3m 0.01% New
88 Embree Financial Group 0.35% of their portfolio Chicago, IL 60,94760.9k $2.1m $2.1m 0.35% New
89 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 60,02860.0k $2.1m $2.1m 0.00% Added +378 +378
90 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 59,79359.8k $2.0m $2.0m 0.02% Added +38.7k +38,664
91 DDD Partners, LLC 0.25% of their portfolio BELLEVUE, WA 59,78259.8k $2.0m $2.0m 0.25% Added +1.6k +1,573
92 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 58,84658.8k $2.0m $2.0m 0.01% Added +11.0k +10,991
93 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 58,53558.5k $2.0m $2.0m 0.02% Added +47.8k +47,787
94 CAP Partners, LLC 1.43% of their portfolio FRANKLIN, TN 57,30757.3k $2.0m $2.0m 1.43% Added +9.3k +9,269
95 Mechanics Bank Trust Department 0.27% of their portfolio Walnut Creek, CA 56,94556.9k $2.0m $2.0m 0.27% Added +36.7k +36,710
96 KPP Advisory Services LLC 0.36% of their portfolio Louisville, KY 55,74155.7k $1.9m $1.9m 0.36% Added +19.0k +19,015
97 ATLANTIC FAMILY WEALTH, LLC 1.75% of their portfolio CORAL GABLES, FL 55,53255.5k $1.9m $1.9m 1.75% Added +10.5k +10,462
98 EverSource Wealth Advisors, LLC 0.10% of their portfolio BIRMINGHAM, AL 53,60853.6k $1.8m $1.8m 0.10% New
99 Trademark Financial Management, LLC 1.35% of their portfolio Bloomington, MN 51,52451.5k $1.8m $1.8m 1.35% New
100 SMITH, MOORE & CO. 0.15% of their portfolio CLAYTON, MO 47,64247.6k $1.6m $1.6m 0.15% Added +4.5k +4,488