Vault-13

VICTORY PORTFOLIOS II VFLO

SHARES FREE CASH · ETP · CUSIP 92647X830

218 institutional holders +21 vs Q1 2025
110,023,554110.0m shares reported held*
$3.9bnreported value*
37 new 106 added 55 reduced 16 sold out net bought ≈ $822.0m (+23.2m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.37.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q2 23: 3Q3 23: 7Q4 23: 14Q1 24: 29Q2 24: 64Q3 24: 102Q4 24: 157Q1 25: 197Q2 25: 218218Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 20233
Q3 20237
Q4 202314
Q1 202429
Q2 202464
Q3 2024102
Q4 2024157
Q1 2025197
Q2 2025218

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 outQ4 23: 10 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 5 cut or sold outQ2 24: 56 bought or addedQ2 24: 9 cut or sold outQ2 24Q3 24: 91 bought or addedQ3 24: 11 cut or sold outQ4 24: 127 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 168 bought or addedQ1 25: 27 cut or sold outQ2 25: 143 bought or addedQ2 25: 71 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202351
Q4 2023103
Q1 2024235
Q2 2024569
Q3 20249111
Q4 202412716
Q1 202516827
Q2 202514371

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +2,874,353+2.9m
MORGAN STANLEY Added +2,508,705+2.5m
Merit Financial Group, LLC New +2,333,822+2.3m
ROYAL BANK OF CANADA Added +2,257,663+2.3m
LPL Financial LLC Added +1,731,603+1.7m
HighTower Advisors, LLC Added +1,603,759+1.6m
WELLS FARGO & COMPANY/MN Added +1,416,471+1.4m
Modern Wealth Management, LLC New +1,012,565+1.0m
AMERIPRISE FINANCIAL INC New +996,575+996.6k
RAYMOND JAMES FINANCIAL INC Added +929,599+929.6k

Biggest sellers

Private Advisor Group, LLC Reduced -617,529-617.5k
Janney Montgomery Scott LLC Reduced -317,753-317.8k
JANE STREET GROUP, LLC Sold out -273,489-273.5k
Procyon Advisors, LLC Sold out -269,061-269.1k
Advisor Resource Council Sold out -202,710-202.7k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -175,149-175.1k
GOLDMAN SACHS GROUP INC Sold out -123,478-123.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -103,700-103.7k
Fort Point Capital Partners LLC Reduced -86,655-86.7k
Atria Investments, Inc Reduced -57,172-57.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 12,619,46512.6m $446.1m $446.1m 0.04% Added +2.9m +2,874,353
2 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 9,367,5949.4m $331.1m $331.1m 0.11% Added +1.7m +1,731,603
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 8,130,5188.1m $287.4m $287.4m 0.02% Added +2.5m +2,508,705
4 Allworth Financial LP 1.14% of their portfolio FOLSOM, CA 6,704,1696.7m $237.0m $237.0m 1.14% Added +131.1k +131,110
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.16% of their portfolio MILWAUKEE, WI 6,341,9836.3m $224.2m $224.2m 0.16% Added +791.2k +791,171
6 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 4,667,8114.7m $165.0m $165.0m 0.04% Added +1.4m +1,416,471
7 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 4,038,2284.0m $142.8m $142.8m 0.01% Added +2.3m +2,257,663
8 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 3,936,2503.9m $139.1m $139.1m 0.09% Added +330.0k +330,000
9 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 3,426,7013.4m $121.1m $121.1m 0.04% Added +929.6k +929,599
10 Annex Advisory Services, LLC 2.70% of their portfolio BROOKFIELD, WI 3,173,1343.2m $112.2m $112.2m 2.70% Added +834.5k +834,478
11 Composition Wealth, LLC 1.62% of their portfolio LOS ANGELES, CA 2,732,8472.7m $96.6m $96.6m 1.62% Added +132.7k +132,732
12 Smith Anglin Financial, LLC 8.71% of their portfolio DALLAS, TX 2,720,7432.7m $96.2m $96.2m 8.71% Added +154.9k +154,905
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,515,7242.5m $88.9m $88.9m 0.02% Added +671.5k +671,482
14 Merit Financial Group, LLC 0.92% of their portfolio ALPHARETTA, GA 2,333,8222.3m $82.5m $82.5m 0.92% New
15 TRAPHAGEN INVESTMENT ADVISORS LLC 7.43% of their portfolio ORADELL, NJ 2,219,0902.2m $78.4m $78.4m 7.43% Added +120.0k +119,974
16 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,097,8162.1m $74.1m $74.1m 0.02% Added +45.7k +45,706
17 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,663,7871.7m $58.8m $58.8m 0.07% Added +1.6m +1,603,759
18 Goldstein Advisors, LLC 7.52% of their portfolio Madison, WI 1,582,7381.6m $55.9m $55.9m 7.52% Added +384.0k +383,959
19 GREAT VALLEY ADVISOR GROUP, INC. 1.12% of their portfolio WILMINGTON, DE 1,436,4561.4m $50.8m $50.8m 1.12% Reduced -9.5k -9,452
20 Sanctuary Advisors, LLC 0.27% of their portfolio INDIANAPOLIS, IN 1,255,6471.3m $44.4m $44.4m 0.27% Added +53.0k +53,041
21 Krilogy Financial LLC 2.52% of their portfolio ST. LOUIS, MO 1,244,7171.2m $44.0m $44.0m 2.52% Added +106.4k +106,426
22 CORRECT CAPITAL WEALTH MANAGEMENT 7.95% of their portfolio CLAYTON, MO 1,155,2441.2m $40.8m $40.8m 7.95% Reduced -175.1k -175,149
23 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 1,118,9111.1m $39.6m $39.6m 0.12% Added +247.1k +247,127
24 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 1,103,7931.1m $39.0m $39.0m 0.05% Added +80.7k +80,745
25 StoneX Group Inc. 1.80% of their portfolio NEW YORK, NY 1,047,4191.0m $37.0m $37.0m 1.80% Added +34.7k +34,730
26 Modern Wealth Management, LLC 0.88% of their portfolio KANSAS CITY, MO 1,012,5651.0m $35.8m $35.8m 0.88% New
27 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 996,575996.6k $35.2m $35.2m 0.01% New
28 RVW Wealth, LLC 2.90% of their portfolio LOS ANGELES, CA 965,864965.9k $34.1m $34.1m 2.90% Added +165.5k +165,494
29 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 829,290829.3k $29.3m $29.3m 0.05% Added +118.9k +118,893
30 Keystone Financial Group 2.48% of their portfolio LEXINGTON, KY 777,879777.9k $27.5m $27.5m 2.48% Added +56.7k +56,684
31 Vantage Financial Partners, LLC 6.08% of their portfolio ELM GROVE, WI 744,855744.9k $26.3m $26.3m 6.08% Added +275.2k +275,243
32 Orion Porfolio Solutions, LLC 0.21% of their portfolio OMAHA, NE 700,609700.6k $24.8m $24.8m 0.21% Added +229.6k +229,633
33 Private Advisor Group, LLC 0.11% of their portfolio MORRISTOWN, NJ 570,206570.2k $20.2m $20.2m 0.11% Reduced -617.5k -617,529
34 Sepio Capital, LP 1.35% of their portfolio Salt Lake City, UT 536,518536.5k $19.0m $19.0m 1.35% Added +21.1k +21,150
35 STRATEGIC PLANNING GROUP, LLC 2.85% of their portfolio Bountiful, UT 497,268497.3k $17.6m $17.6m 2.85% Reduced -15.9k -15,869
36 Astor Investment Management LLC 9.16% of their portfolio CHICAGO, IL 479,584479.6k $17.0m $17.0m 9.16% Reduced -25.8k -25,775
37 Financial Enhancement Group LLC 2.30% of their portfolio ANDERSON, IN 449,497449.5k $16.1m $16.1m 2.30% Reduced -20.6k -20,597
38 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 422,790422.8k $14.9m $14.9m 0.02% Added +102.2k +102,161
39 Allen Capital Group, LLC 1.53% of their portfolio GRAND ISLAND, NE 414,918414.9k $14.7m $14.7m 1.53% Added +21.0k +20,978
40 Landmark Wealth Management, LLC 6.23% of their portfolio MELVILLE, NY 413,589413.6k $14.6m $14.6m 6.23% Added +7.1k +7,127
41 ADAPT WEALTH ADVISORS, LLC 6.07% of their portfolio ATLANTA, GA 383,948383.9k $13.6m $13.6m 6.07% Added +20.3k +20,276
42 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 368,667368.7k $13.0m $13.0m 0.02% Added +259.2k +259,199
43 Farther Finance Advisors, LLC 0.25% of their portfolio SAN FRANCISCO, CA 359,151359.2k $12.7m $12.7m 0.25% Added +196.3k +196,292
44 CFO4Life Group, LLC 1.94% of their portfolio COPPELL, TX 350,388350.4k $12.4m $12.4m 1.94% Added +26.9k +26,894
45 Atria Investments, Inc 0.12% of their portfolio Charlotte, NC 296,190296.2k $10.5m $10.5m 0.12% Reduced -57.2k -57,172
46 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 291,056291.1k $10.3m $10.3m 0.01% Added +186.6k +186,582
47 Gotham Asset Management, LLC 0.06% of their portfolio NEW YORK, NY 262,048262.0k $9.3m $9.3m 0.06% New
48 OneAscent Financial Services LLC 0.65% of their portfolio BIRMINGHAM, AL 255,175255.2k $9.1m $9.1m 0.65% Reduced -380 -380
49 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 253,161253.2k $8.9m $8.9m 0.02% Reduced -6.3k -6,343
50 WBI INVESTMENTS, LLC 2.23% of their portfolio RED BANK, NJ 243,062243.1k $8.6m $8.6m 2.23% Reduced -5.3k -5,347
51 Concurrent Investment Advisors, LLC 0.16% of their portfolio Tampa, FL 238,384238.4k $8.4m $8.4m 0.16% Reduced -2.8k -2,821
52 Western Wealth Management, LLC 0.49% of their portfolio GOLDEN, CO 233,397233.4k $8.3m $8.3m 0.49% Added +2.2k +2,250
53 Advance Capital Management, Inc. 0.36% of their portfolio SOUTHFIELD, MI 222,642222.6k $7.9m $7.9m 0.36% Reduced -4.4k -4,395
54 KICKSTAND VENTURES, LLC. 1.83% of their portfolio PITTSFORD, NY 221,503221.5k $7.8m $7.8m 1.83% New
55 OneAscent Wealth Management LLC 2.87% of their portfolio BIRMINGHAM, AL 220,638220.6k $7.8m $7.8m 2.87% Reduced -24 -24
56 Weil Company, Inc. 2.04% of their portfolio SAN DIEGO, CA 219,348219.3k $7.8m $7.8m 2.04% New
57 Financial Designs Corp 4.64% of their portfolio CLAREMONT, CA 214,016214.0k $7.6m $7.6m 4.64% Reduced -29.0k -29,002
58 Foundations Investment Advisors, LLC 0.11% of their portfolio PHOENIX, AZ 202,577202.6k $7.2m $7.2m 0.11% Added +19.1k +19,053
59 Lifestyle Asset Management, Inc. 3.25% of their portfolio FRIENDSWOOD, TX 196,863196.9k $7.0m $7.0m 3.25% Added +9.5k +9,537
60 FLAGSHIP HARBOR ADVISORS, LLC 0.32% of their portfolio BOSTON, MA 190,613190.6k $6.7m $6.7m 0.32% Reduced -160 -160
61 J HAGAN CAPITAL, INC. 4.45% of their portfolio LOUISVILLE, KY 188,112188.1k $6.6m $6.6m 4.45% Added +44.7k +44,736
62 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 182,688182.7k $6.5m $6.5m 0.01% Added +116.9k +116,891
63 Patriot Financial Group Insurance Agency, LLC 0.69% of their portfolio Westborough, MA 170,953171.0k $6.0m $6.0m 0.69% Reduced -49.5k -49,472
64 Ledyard National Bank 0.57% of their portfolio HANOVER, NH 169,577169.6k $6.0m $6.0m 0.57% Reduced -12.8k -12,750
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 163,984164.0k $5.9m $5.9m 0.01% Added +8.7k +8,697
66 Huntleigh Advisors, Inc. 1.08% of their portfolio ST. LOUIS, MO 158,623158.6k $5.6m $5.6m 1.08% Added +12.3k +12,271
67 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 141,074141.1k $5.0m $5.0m 0.01% Reduced -18.2k -18,171
68 Trademark Financial Management, LLC 3.04% of their portfolio Bloomington, MN 140,647140.6k $5.0m $5.0m 3.04% Added +89.1k +89,123
69 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 137,463137.5k $4.9m $4.9m 0.04% Added +78.9k +78,928
70 Mariner, LLC 0.01% of their portfolio Overland Park, KS 135,761135.8k $4.8m $4.8m 0.01% Reduced -35.0k -35,022
71 SimpliFi, Inc. 2.09% of their portfolio SAN DIEGO, CA 134,260134.3k $4.7m $4.7m 2.09% Reduced -245 -245
72 Goldstone Financial Group, LLC 0.63% of their portfolio OAKBROOK TERRACE, IL 133,646133.6k $4.8m $4.8m 0.63% Added +14.7k +14,703
73 Ausdal Financial Partners, Inc. 0.30% of their portfolio Davenport, IA 128,745128.7k $4.6m $4.6m 0.30% Added +24.2k +24,197
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 111,930111.9k $4.0m $4.0m 0.00% Added +109.8k +109,770
75 Legacy Capital Group California, Inc. 1.08% of their portfolio LOS GATOS, CA 110,636110.6k $3.9m $3.9m 1.08% Reduced -1.9k -1,896
76 Parallel Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 97,68297.7k $3.5m $3.5m 0.07% Added +88.2k +88,232
77 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 3.08% of their portfolio BEDFORD, NH 94,65494.7k $3.3m $3.3m 3.08% Added +14.4k +14,372
78 BYRNE FINANCIAL FREEDOM, LLC 1.65% of their portfolio FRANKLIN, MA 93,48893.5k $3.3m $3.3m 1.65% Reduced -10.2k -10,241
79 Cornerstone Wealth Management, LLC 0.20% of their portfolio ST. PETERS, MO 91,96492.0k $3.3m $3.3m 0.20% Added +3.6k +3,586
80 COMERICA BANK 0.01% of their portfolio DALLAS, TX 91,68891.7k $3.2m $3.2m 0.01% Added +25.9k +25,854
81 Aptus Capital Advisors, LLC 0.03% of their portfolio FAIRHOPE, AL 91,14591.1k $3.2m $3.2m 0.03% New
82 Financial Guidance Group, Inc. 1.56% of their portfolio Palm Harbor, FL 91,02691.0k $3.2m $3.2m 1.56% New
83 Pine Valley Investments Ltd Liability Co 0.19% of their portfolio MARLTON, NJ 89,81389.8k $3.2m $3.2m 0.19% Added +10.0k +9,984
84 SAGESPRING WEALTH PARTNERS, LLC 0.07% of their portfolio FRANKLIN, TN 89,74889.7k $3.2m $3.2m 0.07% Added +19.9k +19,879
85 Embree Financial Group 0.46% of their portfolio Chicago, IL 87,29287.3k $3.1m $3.1m 0.46% Added +26.3k +26,345
86 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 85,49585.5k $3.0m $3.0m 0.02% Added +25.7k +25,702
87 EverSource Wealth Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 82,02482.0k $2.9m $2.9m 0.13% Added +28.4k +28,416
88 Maridea Wealth Management LLC 0.74% of their portfolio BROOKLYN, NY 80,43380.4k $2.8m $2.8m 0.74% Added +11.9k +11,942
89 Tradition Wealth Management, LLC 0.22% of their portfolio EDINA, MN 79,62679.6k $2.8m $2.8m 0.22% Added +3.2k +3,186
90 Triumph Capital Management 0.82% of their portfolio DENVER, CO 77,55077.5k $2.7m $2.7m 0.82% Added +6.7k +6,675
91 Fort Point Capital Partners LLC 0.27% of their portfolio San Francisco, CA 75,10175.1k $2.7m $2.7m 0.27% Reduced -86.7k -86,655
92 Global Retirement Partners, LLC 0.07% of their portfolio San Rafael, CA 75,04475.0k $2.7m $2.7m 0.07% First filing
93 SPIREPOINT PRIVATE CLIENT, LLC 0.30% of their portfolio VERO BEACH, FL 74,14974.1k $2.6m $2.6m 0.30% New
94 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 73,04973.0k $2.6m $2.6m 0.01% Reduced -317.8k -317,753
95 VISTA INVESTMENT PARTNERS LLC 0.72% of their portfolio Oklahoma City, OK 70,23570.2k $2.5m $2.5m 0.72% Reduced -1.3k -1,270
96 KPP Advisory Services LLC 0.40% of their portfolio Louisville, KY 68,09168.1k $2.4m $2.4m 0.40% Added +12.3k +12,350
97 Hilltop Holdings Inc. 0.15% of their portfolio DALLAS, TX 67,80567.8k $2.4m $2.4m 0.15% Reduced -1.1k -1,141
98 RFG Advisory, LLC 0.06% of their portfolio BIRMINGHAM, AL 66,32266.3k $2.3m $2.3m 0.06% New
99 DOHJ, LLC 0.60% of their portfolio SEATTLE, WA 64,37364.4k $2.1m $2.1m 0.60% Added +56.8k +56,766
100 Mechanics Bank Trust Department 0.32% of their portfolio Walnut Creek, CA 63,58063.6k $2.2m $2.2m 0.32% Added +6.6k +6,635