Vault-13

VICTORY PORTFOLIOS II VFLO

SHARES FREE CASH · ETP · CUSIP 92647X830

226 institutional holders +8 vs Q2 2025
113,056,658113.1m shares reported held*
$4.2bnreported value*
29 new 107 added 73 reduced 18 sold out net bought ≈ $231.7m (+6.2m 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 ($457.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.45.

Trends to Q3 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: 218Q3 25: 226226Q2 23Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q2 20233
Q3 20237
Q4 202314
Q1 202429
Q2 202464
Q3 2024102
Q4 2024157
Q1 2025197
Q2 2025218
Q3 2025226

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 25Q2 25: 143 bought or addedQ2 25: 71 cut or sold outQ3 25: 136 bought or addedQ3 25: 91 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023103
Q1 2024235
Q2 2024569
Q3 20249111
Q4 202412716
Q1 202516827
Q2 202514371
Q3 202513691

Biggest buyers

Sanctuary Advisors, LLC Added +2,016,012+2.0m
LPL Financial LLC Added +1,663,048+1.7m
MORGAN STANLEY Added +1,642,500+1.6m
HighTower Advisors, LLC Added +1,193,452+1.2m
BANK OF AMERICA CORP /DE/ Added +912,446+912.4k
TWO SIGMA INVESTMENTS, LP New +874,300+874.3k
RAYMOND JAMES FINANCIAL INC Added +809,655+809.7k
Modern Wealth Management, LLC Added +682,133+682.1k
Beacon Capital Management, Inc. New +652,857+652.9k
WELLS FARGO & COMPANY/MN Added +637,309+637.3k

Biggest sellers

Allworth Financial LP Reduced -3,192,152-3.2m
ROYAL BANK OF CANADA Reduced -2,103,250-2.1m
Composition Wealth, LLC Reduced -553,928-553.9k
STRATEGIC PLANNING GROUP, LLC Reduced -488,875-488.9k
Annex Advisory Services, LLC Reduced -357,332-357.3k
Cambridge Investment Research Advisors, Inc. Reduced -274,324-274.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -269,244-269.2k
Farther Finance Advisors, LLC Reduced -263,358-263.4k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -218,506-218.5k
Lifestyle Asset Management, Inc. Sold out -196,863-196.9k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 13,531,91113.5m $507.4m $507.4m 0.04% Added +912.4k +912,446
2 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 11,030,64211.0m $413.6m $413.6m 0.12% Added +1.7m +1,663,048
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,773,0189.8m $366.5m $366.5m 0.02% Added +1.6m +1,642,500
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.17% of their portfolio MILWAUKEE, WI 6,740,8336.7m $252.8m $252.8m 0.17% Added +398.9k +398,850
5 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 5,305,1205.3m $198.9m $198.9m 0.04% Added +637.3k +637,309
6 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 4,236,3564.2m $158.9m $158.9m 0.05% Added +809.7k +809,655
7 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 4,051,2504.1m $151.9m $151.9m 0.09% Added +115.0k +115,000
8 Allworth Financial LP 0.58% of their portfolio FOLSOM, CA 3,512,0173.5m $131.7m $131.7m 0.58% Reduced -3.2m -3,192,152
9 Sanctuary Advisors, LLC 0.35% of their portfolio INDIANAPOLIS, IN 3,271,6593.3m $116.1m $116.1m 0.35% Added +2.0m +2,016,012
10 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,073,5113.1m $115.3m $115.3m 0.02% Added +557.8k +557,787
11 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 2,857,2392.9m $107.1m $107.1m 0.12% Added +1.2m +1,193,452
12 Annex Advisory Services, LLC 2.25% of their portfolio BROOKFIELD, WI 2,815,8022.8m $105.6m $105.6m 2.25% Reduced -357.3k -357,332
13 Merit Financial Group, LLC 0.83% of their portfolio ALPHARETTA, GA 2,419,7362.4m $90.7m $90.7m 0.83% Added +85.9k +85,914
14 TRAPHAGEN INVESTMENT ADVISORS LLC 7.45% of their portfolio ORADELL, NJ 2,309,2302.3m $86.6m $86.6m 7.45% Added +90.1k +90,140
15 Composition Wealth, LLC 1.22% of their portfolio LOS ANGELES, CA 2,178,9192.2m $81.7m $81.7m 1.22% Reduced -553.9k -553,928
16 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,092,7792.1m $78.5m $78.5m 0.02% Reduced -5.0k -5,037
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,934,9781.9m $72.6m $72.6m 0.01% Reduced -2.1m -2,103,250
18 Modern Wealth Management, LLC 1.26% of their portfolio KANSAS CITY, MO 1,694,6981.7m $63.6m $63.6m 1.26% Added +682.1k +682,133
19 Goldstein Advisors, LLC 7.33% of their portfolio Madison, WI 1,609,3711.6m $60.4m $60.4m 7.33% Added +26.6k +26,633
20 Krilogy Financial LLC 2.21% of their portfolio ST. LOUIS, MO 1,558,8481.6m $58.8m $58.8m 2.21% Added +314.1k +314,131
21 GREAT VALLEY ADVISOR GROUP, INC. 1.15% of their portfolio WILMINGTON, DE 1,532,2391.5m $57.5m $57.5m 1.15% Added +95.8k +95,783
22 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,521,6641.5m $57.1m $57.1m 0.01% Added +525.1k +525,089
23 StoneX Group Inc. 1.70% of their portfolio NEW YORK, NY 1,038,6021.0m $38.9m $38.9m 1.70% Reduced -8.8k -8,817
24 RVW Wealth, LLC 2.90% of their portfolio LOS ANGELES, CA 990,472990.5k $37.1m $37.1m 2.90% Added +24.6k +24,608
25 CORRECT CAPITAL WEALTH MANAGEMENT 6.47% of their portfolio CLAYTON, MO 936,738936.7k $35.1m $35.1m 6.47% Reduced -218.5k -218,506
26 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 874,300874.3k $32.8m $32.8m 0.05% New
27 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 844,587844.6k $31.7m $31.7m 0.09% Reduced -274.3k -274,324
28 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 834,549834.5k $31.3m $31.3m 0.04% Reduced -269.2k -269,244
29 Keystone Financial Group 2.29% of their portfolio LEXINGTON, KY 798,273798.3k $29.9m $29.9m 2.29% Added +20.4k +20,394
30 Vantage Financial Partners, LLC 6.20% of their portfolio ELM GROVE, WI 784,456784.5k $29.4m $29.4m 6.20% Added +39.6k +39,601
31 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 775,910775.9k $29.1m $29.1m 0.04% Reduced -53.4k -53,380
32 Orion Porfolio Solutions, LLC 0.19% of their portfolio OMAHA, NE 665,838665.8k $25.0m $25.0m 0.19% Reduced -34.8k -34,771
33 Beacon Capital Management, Inc. 1.17% of their portfolio DAYTON, OH 652,857652.9k $24.5m $24.5m 1.17% New
34 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 545,029545.0k $20.4m $20.4m 0.10% Reduced -25.2k -25,177
35 Sepio Capital, LP 1.20% of their portfolio Salt Lake City, UT 538,942538.9k $20.2m $20.2m 1.20% Added +2.4k +2,424
36 Financial Enhancement Group LLC 2.30% of their portfolio ANDERSON, IN 451,702451.7k $17.2m $17.2m 2.30% Added +2.2k +2,205
37 Allen Capital Group, LLC 1.49% of their portfolio GRAND ISLAND, NE 417,602417.6k $15.7m $15.7m 1.49% Added +2.7k +2,684
38 Landmark Wealth Management, LLC 6.17% of their portfolio MELVILLE, NY 414,596414.6k $15.5m $15.5m 6.17% Added +1.0k +1,007
39 Summit Financial, LLC 0.23% of their portfolio PARSIPPANY, NJ 397,777397.8k $14.9m $14.9m 0.23% New
40 ADAPT WEALTH ADVISORS, LLC 5.50% of their portfolio ATLANTA, GA 397,159397.2k $14.9m $14.9m 5.50% Added +13.2k +13,211
41 CFO4Life Group, LLC 1.95% of their portfolio COPPELL, TX 358,354358.4k $13.4m $13.4m 1.95% Added +8.0k +7,966
42 Foundations Investment Advisors, LLC 0.18% of their portfolio PHOENIX, AZ 329,625329.6k $12.4m $12.4m 0.18% Added +127.0k +127,048
43 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 311,122311.1k $11.7m $11.7m 0.05% Added +49.1k +49,074
44 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 296,062296.1k $11.1m $11.1m 0.01% Added +5.0k +5,006
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 282,136282.1k $10.6m $10.6m 0.00% Added +170.2k +170,206
46 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 281,818281.8k $10.6m $10.6m 0.01% Reduced -141.0k -140,972
47 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 272,614272.6k $10.2m $10.2m 0.01% Added +19.5k +19,453
48 Hudock, Inc. 1.44% of their portfolio Williamsport, PA 253,036253.0k $9.5m $9.5m 1.44% New
49 Advance Capital Management, Inc. 0.40% of their portfolio SOUTHFIELD, MI 248,459248.5k $9.3m $9.3m 0.40% Added +25.8k +25,817
50 Western Wealth Management, LLC 0.48% of their portfolio GOLDEN, CO 241,694241.7k $9.1m $9.1m 0.48% Added +8.3k +8,297
51 Atlas Wealth LLC 2.91% of their portfolio CINCINNATI, OH 240,171240.2k $9.0m $9.0m 2.91% Added +230.9k +230,856
52 Concurrent Investment Advisors, LLC 0.15% of their portfolio Tampa, FL 238,448238.4k $8.9m $8.9m 0.15% Added +64 +64
53 Weil Company, Inc. 2.08% of their portfolio SAN DIEGO, CA 230,436230.4k $8.6m $8.6m 2.08% Added +11.1k +11,088
54 Financial Designs Corp 4.88% of their portfolio CLAREMONT, CA 222,969223.0k $8.4m $8.4m 4.88% Added +9.0k +8,953
55 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 209,919209.9k $7.9m $7.9m 0.01% Reduced -158.7k -158,748
56 KICKSTAND VENTURES, LLC. 1.72% of their portfolio PITTSFORD, NY 208,782208.8k $7.8m $7.8m 1.72% Reduced -12.7k -12,721
57 FLAGSHIP HARBOR ADVISORS, LLC 0.33% of their portfolio BOSTON, MA 204,505204.5k $7.7m $7.7m 0.33% Added +13.9k +13,892
58 Atria Investments, Inc 0.09% of their portfolio Charlotte, NC 204,255204.3k $7.7m $7.7m 0.09% Reduced -91.9k -91,935
59 J HAGAN CAPITAL, INC. 4.16% of their portfolio LOUISVILLE, KY 183,045183.0k $6.9m $6.9m 4.16% Reduced -5.1k -5,067
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 176,577176.6k $6.7m $6.7m 0.01% Added +12.6k +12,593
61 OneAscent Financial Services LLC 0.43% of their portfolio BIRMINGHAM, AL 171,627171.6k $6.4m $6.4m 0.43% Reduced -83.5k -83,548
62 Ledyard National Bank 0.57% of their portfolio HANOVER, NH 168,668168.7k $6.3m $6.3m 0.57% Reduced -909 -909
63 Huntleigh Advisors, Inc. 1.04% of their portfolio ST. LOUIS, MO 162,154162.2k $6.1m $6.1m 1.04% Added +3.5k +3,531
64 WBI INVESTMENTS, LLC 1.54% of their portfolio RED BANK, NJ 160,664160.7k $6.0m $6.0m 1.54% Reduced -82.4k -82,398
65 Goldstone Financial Group, LLC 0.68% of their portfolio OAKBROOK TERRACE, IL 153,518153.5k $5.8m $5.8m 0.68% Added +19.9k +19,872
66 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 143,804143.8k $5.4m $5.4m 0.03% Added +6.3k +6,341
67 MAGNOLIA CAPITAL ADVISORS LLC 1.41% of their portfolio RIDGELAND, MS 143,656143.7k $5.4m $5.4m 1.41% New
68 Ausdal Financial Partners, Inc. 0.25% of their portfolio Davenport, IA 136,678136.7k $5.1m $5.1m 0.25% Added +7.9k +7,933
69 Mariner, LLC 0.01% of their portfolio Overland Park, KS 134,320134.3k $5.0m $5.0m 0.01% Reduced -1.4k -1,441
70 OneAscent Wealth Management LLC 1.65% of their portfolio BIRMINGHAM, AL 130,684130.7k $4.9m $4.9m 1.65% Reduced -90.0k -89,954
71 Sunbelt Securities, Inc. 0.33% of their portfolio HOUSTON, TX 125,903125.9k $4.7m $4.7m 0.33% New
72 IHT Wealth Management, LLC 0.11% of their portfolio Chicago, IL 111,803111.8k $4.2m $4.2m 0.11% Added +100.4k +100,439
73 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 109,845109.8k $4.1m $4.1m 0.01% Reduced -72.8k -72,843
74 Legacy Capital Group California, Inc. 1.05% of their portfolio LOS GATOS, CA 109,607109.6k $4.1m $4.1m 1.05% Reduced -1.0k -1,029
75 Pine Valley Investments Ltd Liability Co 0.21% of their portfolio MARLTON, NJ 107,583107.6k $4.0m $4.0m 0.21% Added +17.8k +17,770
76 Aptus Capital Advisors, LLC 0.04% of their portfolio FAIRHOPE, AL 105,660105.7k $4.0m $4.0m 0.04% Added +14.5k +14,515
77 Financial Guidance Group, Inc. 1.77% of their portfolio Palm Harbor, FL 105,540105.5k $4.0m $4.0m 1.77% Added +14.5k +14,514
78 Madison Asset Management, LLC 0.04% of their portfolio MADISON, WI 100,307100.3k $3.8m $3.8m 0.04% Added +44.1k +44,071
79 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 99,90099.9k $3.7m $3.7m 0.00% Added +57.9k +57,900
80 COMERICA BANK 0.01% of their portfolio DALLAS, TX 99,68099.7k $3.7m $3.7m 0.01% Added +8.0k +7,992
81 Parallel Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 98,66098.7k $3.7m $3.7m 0.07% Added +978 +978
82 SAGESPRING WEALTH PARTNERS, LLC 0.07% of their portfolio FRANKLIN, TN 98,53998.5k $3.7m $3.7m 0.07% Added +8.8k +8,791
83 EverSource Wealth Advisors, LLC 0.15% of their portfolio BIRMINGHAM, AL 98,43298.4k $3.7m $3.7m 0.15% Added +16.4k +16,408
84 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 95,79395.8k $3.6m $3.6m 0.05% Reduced -263.4k -263,358
85 Maridea Wealth Management LLC 0.56% of their portfolio BROOKLYN, NY 95,26695.3k $3.6m $3.6m 0.56% Added +14.8k +14,833
86 Cornerstone Wealth Management, LLC 0.19% of their portfolio ST. PETERS, MO 91,71491.7k $3.4m $3.4m 0.19% Reduced -250 -250
87 Triumph Capital Management 0.91% of their portfolio DENVER, CO 90,05590.1k $3.4m $3.4m 0.91% Added +12.5k +12,505
88 ATLANTIC FAMILY WEALTH, LLC 2.58% of their portfolio CORAL GABLES, FL 89,14289.1k $3.3m $3.3m 2.58% Added +29.6k +29,644
89 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 87,19887.2k $3.3m $3.3m 0.02% Added +1.7k +1,703
90 Global Retirement Partners, LLC 0.07% of their portfolio San Rafael, CA 83,83583.8k $3.1m $3.1m 0.07% Added +8.8k +8,791
91 Greykasell Wealth Strategies, Inc. 1.28% of their portfolio DANVILLE, CA 81,03581.0k $3.0m $3.0m 1.28% Added +58.7k +58,737
92 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 2.56% of their portfolio BEDFORD, NH 80,38180.4k $3.0m $3.0m 2.56% Reduced -14.3k -14,273
93 Mechanics Bank Trust Department 0.41% of their portfolio Walnut Creek, CA 77,55077.5k $2.9m $2.9m 0.41% Added +14.0k +13,970
94 Tradition Wealth Management, LLC 0.21% of their portfolio EDINA, MN 77,18077.2k $2.9m $2.9m 0.21% Reduced -2.4k -2,446
95 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 76,32576.3k $2.9m $2.9m 0.01% Added +3.3k +3,276
96 SPIREPOINT PRIVATE CLIENT, LLC 0.30% of their portfolio VERO BEACH, FL 75,93975.9k $2.8m $2.8m 0.30% Added +1.8k +1,790
97 Fort Point Capital Partners LLC 0.36% of their portfolio San Francisco, CA 75,10175.1k $2.8m $2.8m 0.36% Unchanged
98 CAP Partners, LLC 1.53% of their portfolio FRANKLIN, TN 71,91171.9k $2.7m $2.7m 1.53% Added +10.6k +10,572
99 VISTA INVESTMENT PARTNERS LLC 0.73% of their portfolio Oklahoma City, OK 69,56569.6k $2.6m $2.6m 0.73% Reduced -670 -670
100 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 68,66068.7k $2.6m $2.6m 0.00% Added +54.9k +54,887