Vault-13

VICTORY PORTFOLIOS II VFLO

SHARES FREE CASH · ETP · CUSIP 92647X830

251 institutional holders +25 vs Q3 2025
120,610,818120.6m shares reported held*
$4.8bnreported value*
27 new 120 added 74 reduced 12 sold out net bought ≈ $257.7m (+6.5m 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 ≈ $39.39.

Trends to Q4 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: 226Q4 25: 251251Q2 23Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 20233
Q3 20237
Q4 202314
Q1 202429
Q2 202464
Q3 2024102
Q4 2024157
Q1 2025197
Q2 2025218
Q3 2025226
Q4 2025251

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 136 bought or addedQ3 25: 91 cut or sold outQ4 25: 147 bought or addedQ4 25: 86 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024235
Q2 2024569
Q3 20249111
Q4 202412716
Q1 202516827
Q2 202514371
Q3 202513691
Q4 202514786

Biggest buyers

MORGAN STANLEY Added +2,158,181+2.2m
LPL Financial LLC Added +1,249,407+1.2m
BANK OF AMERICA CORP /DE/ Added +946,365+946.4k
WELLS FARGO & COMPANY/MN Added +921,401+921.4k
RAYMOND JAMES FINANCIAL INC Added +791,094+791.1k
AMERIPRISE FINANCIAL INC Added +674,858+674.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +659,124+659.1k
VICTORY CAPITAL MANAGEMENT INC Added +649,900+649.9k
Goldstein Advisors, LLC Added +475,255+475.3k
Rockefeller Capital Management L.P. Added +341,160+341.2k

Biggest sellers

Sanctuary Advisors, LLC Reduced -2,195,693-2.2m
Annex Advisory Services, LLC Reduced -1,421,755-1.4m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,053,287-1.1m
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -462,459-462.5k
TWO SIGMA INVESTMENTS, LP Reduced -436,600-436.6k
Beacon Capital Management, Inc. Reduced -221,803-221.8k
JPMORGAN CHASE & CO Reduced -132,946-132.9k
J HAGAN CAPITAL, INC. Reduced -125,824-125.8k
Qube Research & Technologies Ltd Reduced -82,221-82.2k
SAGESPRING WEALTH PARTNERS, LLC Reduced -55,708-55.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 14,478,27614.5m $570.2m $570.2m 0.04% Added +946.4k +946,365
2 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 12,280,04912.3m $483.6m $483.6m 0.13% Added +1.2m +1,249,407
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,931,19911.9m $469.9m $469.9m 0.03% Added +2.2m +2,158,181
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.18% of their portfolio MILWAUKEE, WI 7,399,9577.4m $291.4m $291.4m 0.18% Added +659.1k +659,124
5 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 6,226,5216.2m $245.2m $245.2m 0.05% Added +921.4k +921,401
6 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 5,027,4505.0m $198.0m $198.0m 0.06% Added +791.1k +791,094
7 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 4,701,1504.7m $185.1m $185.1m 0.10% Added +649.9k +649,900
8 Allworth Financial LP 0.57% of their portfolio FOLSOM, CA 3,548,8183.5m $139.8m $139.8m 0.57% Added +36.8k +36,801
9 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,217,9613.2m $126.7m $126.7m 0.03% Added +144.4k +144,450
10 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 2,977,3483.0m $117.2m $117.2m 0.13% Added +120.1k +120,109
11 Merit Financial Group, LLC 0.83% of their portfolio ALPHARETTA, GA 2,635,6282.6m $103.8m $103.8m 0.83% Added +215.9k +215,892
12 TRAPHAGEN INVESTMENT ADVISORS LLC 7.75% of their portfolio ORADELL, NJ 2,392,0212.4m $94.2m $94.2m 7.75% Added +82.8k +82,791
13 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,196,5222.2m $86.5m $86.5m 0.02% Added +674.9k +674,858
14 Composition Wealth, LLC 1.23% of their portfolio LOS ANGELES, CA 2,186,5582.2m $86.1m $86.1m 1.23% Added +7.6k +7,639
15 Goldstein Advisors, LLC 9.35% of their portfolio Madison, WI 2,084,6262.1m $82.1m $82.1m 9.35% Added +475.3k +475,255
16 Modern Wealth Management, LLC 1.44% of their portfolio KANSAS CITY, MO 2,002,0002.0m $78.8m $78.8m 1.44% Added +307.3k +307,302
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,928,0341.9m $75.9m $75.9m 0.01% Reduced -6.9k -6,944
18 Krilogy Financial LLC 2.22% of their portfolio ST. LOUIS, MO 1,628,7841.6m $65.4m $65.4m 2.22% Added +69.9k +69,936
19 GREAT VALLEY ADVISOR GROUP, INC. 1.12% of their portfolio WILMINGTON, DE 1,485,0821.5m $58.5m $58.5m 1.12% Reduced -47.2k -47,157
20 Annex Advisory Services, LLC 1.05% of their portfolio BROOKFIELD, WI 1,394,0471.4m $54.9m $54.9m 1.05% Reduced -1.4m -1,421,755
21 Sanctuary Advisors, LLC 0.23% of their portfolio INDIANAPOLIS, IN 1,075,9661.1m $42.4m $42.4m 0.23% Reduced -2.2m -2,195,693
22 StoneX Group Inc. 1.81% of their portfolio NEW YORK, NY 1,057,2561.1m $41.6m $41.6m 1.81% Added +18.7k +18,654
23 Keystone Financial Group 3.05% of their portfolio LEXINGTON, KY 1,047,3751.0m $41.2m $41.2m 3.05% Added +249.1k +249,102
24 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,039,4921.0m $40.9m $40.9m 0.01% Reduced -1.1m -1,053,287
25 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 992,989993.0k $39.1m $39.1m 0.05% Added +158.4k +158,440
26 RVW Wealth, LLC 2.95% of their portfolio LOS ANGELES, CA 981,990982.0k $38.7m $38.7m 2.95% Reduced -8.5k -8,482
27 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 896,153896.2k $35.3m $35.3m 0.09% Added +51.6k +51,566
28 Private Advisor Group, LLC 0.15% of their portfolio MORRISTOWN, NJ 827,152827.2k $32.6m $32.6m 0.15% Added +282.1k +282,123
29 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 813,251813.3k $32.0m $32.0m 0.05% Added +37.3k +37,341
30 Vantage Financial Partners, LLC 6.42% of their portfolio ELM GROVE, WI 802,562802.6k $31.6m $31.6m 6.42% Added +18.1k +18,106
31 Orion Porfolio Solutions, LLC 0.18% of their portfolio OMAHA, NE 635,050635.0k $25.0m $25.0m 0.18% Reduced -30.8k -30,788
32 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 593,636593.6k $23.4m $23.4m 0.03% Added +321.0k +321,022
33 Sepio Capital, LP 1.17% of their portfolio Salt Lake City, UT 542,170542.2k $21.4m $21.4m 1.17% Added +3.2k +3,228
34 Marble Wealth, LLC 2.70% of their portfolio MONTGOMERY, AL 493,379493.4k $19.4m $19.4m 2.70% First filing
35 CORRECT CAPITAL WEALTH MANAGEMENT 3.52% of their portfolio CLAYTON, MO 474,279474.3k $18.7m $18.7m 3.52% Reduced -462.5k -462,459
36 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 451,005451.0k $17.8m $17.8m 0.03% Added +341.2k +341,160
37 Financial Enhancement Group LLC 2.32% of their portfolio ANDERSON, IN 448,637448.6k $17.8m $17.8m 2.32% Reduced -3.1k -3,065
38 Madison Asset Management, LLC 0.20% of their portfolio MADISON, WI 437,966438.0k $17.2m $17.2m 0.20% Added +337.7k +337,659
39 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 437,700437.7k $17.2m $17.2m 0.03% Reduced -436.6k -436,600
40 Beacon Capital Management, Inc. 0.91% of their portfolio DAYTON, OH 431,054431.1k $17.0m $17.0m 0.91% Reduced -221.8k -221,803
41 Allen Capital Group, LLC 1.54% of their portfolio GRAND ISLAND, NE 424,990425.0k $16.7m $16.7m 1.54% Added +7.4k +7,388
42 ADAPT WEALTH ADVISORS, LLC 5.67% of their portfolio ATLANTA, GA 418,637418.6k $16.5m $16.5m 5.67% Added +21.5k +21,478
43 Ledyard National Bank 1.37% of their portfolio HANOVER, NH 402,353402.4k $15.8m $15.8m 1.37% Added +233.7k +233,685
44 Atlas Wealth LLC 4.61% of their portfolio CINCINNATI, OH 385,139385.1k $15.2m $15.2m 4.61% Added +145.0k +144,968
45 Summit Financial, LLC 0.22% of their portfolio PARSIPPANY, NJ 381,252381.3k $15.0m $15.0m 0.22% Reduced -16.5k -16,525
46 Landmark Wealth Management, LLC 5.48% of their portfolio MELVILLE, NY 363,627363.6k $14.3m $14.3m 5.48% Reduced -51.0k -50,969
47 CFO4Life Group, LLC 2.00% of their portfolio COPPELL, TX 356,476356.5k $14.0m $14.0m 2.00% Reduced -1.9k -1,878
48 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 345,071345.1k $13.6m $13.6m 0.05% Added +33.9k +33,949
49 Curry Webb Wealth Management LLC 6.72% of their portfolio INDIANAPOLIS, IN 344,079344.1k $13.5m $13.5m 6.72% First filing
50 Foundations Investment Advisors, LLC 0.17% of their portfolio PHOENIX, AZ 334,481334.5k $13.2m $13.2m 0.17% Added +4.9k +4,856
51 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 307,488307.5k $12.1m $12.1m 0.01% Added +11.4k +11,426
52 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 296,075296.1k $11.7m $11.7m 0.02% Added +14.3k +14,257
53 Hudock, Inc. 1.52% of their portfolio Williamsport, PA 262,772262.8k $10.3m $10.3m 1.52% Added +9.7k +9,736
54 Western Wealth Management, LLC 0.45% of their portfolio GOLDEN, CO 247,771247.8k $9.8m $9.8m 0.45% Added +6.1k +6,077
55 Concurrent Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 241,457241.5k $9.5m $9.5m 0.11% Added +3.0k +3,009
56 Weil Company, Inc. 2.16% of their portfolio SAN DIEGO, CA 238,974239.0k $9.4m $9.4m 2.16% Added +8.5k +8,538
57 Advance Capital Management, Inc. 0.40% of their portfolio SOUTHFIELD, MI 237,877237.9k $9.4m $9.4m 0.40% Reduced -10.6k -10,582
58 MAGNOLIA CAPITAL ADVISORS LLC 1.96% of their portfolio RIDGELAND, MS 236,759236.8k $9.3m $9.3m 1.96% Added +93.1k +93,103
59 Financial Designs Corp 5.06% of their portfolio CLAREMONT, CA 226,911226.9k $8.9m $8.9m 5.06% Added +3.9k +3,942
60 FLAGSHIP HARBOR ADVISORS, LLC 0.40% of their portfolio BOSTON, MA 213,675213.7k $8.4m $8.4m 0.40% Added +9.2k +9,170
61 KICKSTAND VENTURES, LLC. 1.77% of their portfolio PITTSFORD, NY 213,553213.6k $8.4m $8.4m 1.77% Added +4.8k +4,771
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 204,058204.1k $8.2m $8.2m 0.01% Added +27.5k +27,481
63 OneAscent Financial Services LLC 0.71% of their portfolio BIRMINGHAM, AL 196,453196.5k $7.7m $7.7m 0.71% Added +24.8k +24,826
64 Atria Investments, Inc 0.09% of their portfolio Charlotte, NC 194,602194.6k $7.7m $7.7m 0.09% Reduced -9.7k -9,653
65 Goldstone Financial Group, LLC 0.74% of their portfolio OAKBROOK TERRACE, IL 169,400169.4k $6.7m $6.7m 0.74% Added +15.9k +15,882
66 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 167,286167.3k $6.6m $6.6m 0.00% Added +98.6k +98,626
67 IHT Wealth Management, LLC 0.16% of their portfolio Chicago, IL 166,187166.2k $6.5m $6.5m 0.16% Added +54.4k +54,384
68 Huntleigh Advisors, Inc. 1.10% of their portfolio ST. LOUIS, MO 165,938165.9k $6.5m $6.5m 1.10% Added +3.8k +3,784
69 WBI INVESTMENTS, LLC 1.70% of their portfolio RED BANK, NJ 165,435165.4k $6.5m $6.5m 1.70% Added +4.8k +4,771
70 Mariner, LLC 0.01% of their portfolio Overland Park, KS 161,180161.2k $6.3m $6.3m 0.01% Added +26.9k +26,860
71 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 154,044154.0k $6.0m $6.0m 0.03% Added +10.2k +10,240
72 Pine Valley Investments Ltd Liability Co 0.30% of their portfolio MARLTON, NJ 153,138153.1k $6.0m $6.0m 0.30% Added +45.6k +45,555
73 Maridea Wealth Management LLC 0.89% of their portfolio BROOKLYN, NY 150,509150.5k $5.9m $5.9m 0.89% Added +55.2k +55,243
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 149,190149.2k $5.9m $5.9m 0.00% Reduced -132.9k -132,946
75 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 147,488147.5k $5.8m $5.8m 0.00% Added +130.3k +130,340
76 Ausdal Financial Partners, Inc. 0.27% of their portfolio Davenport, IA 147,421147.4k $5.8m $5.8m 0.27% Added +10.7k +10,743
77 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 127,698127.7k $5.0m $5.0m 0.01% Reduced -82.2k -82,221
78 Aptus Capital Advisors, LLC 0.04% of their portfolio FAIRHOPE, AL 126,733126.7k $5.0m $5.0m 0.04% Added +21.1k +21,073
79 Financial Guidance Group, Inc. 2.04% of their portfolio Palm Harbor, FL 126,613126.6k $5.0m $5.0m 2.04% Added +21.1k +21,073
80 Sunbelt Securities, Inc. 0.33% of their portfolio HOUSTON, TX 123,947123.9k $4.9m $4.9m 0.33% Reduced -2.0k -1,956
81 OneAscent Wealth Management LLC 1.62% of their portfolio BIRMINGHAM, AL 123,448123.4k $4.9m $4.9m 1.62% Reduced -7.2k -7,236
82 COMERICA BANK 0.02% of their portfolio DALLAS, TX 122,375122.4k $4.8m $4.8m 0.02% Added +22.7k +22,695
83 ATLANTIC FAMILY WEALTH, LLC 3.38% of their portfolio CORAL GABLES, FL 113,522113.5k $4.5m $4.5m 3.38% Added +24.4k +24,380
84 McGowan Group Asset Management, Inc. 0.53% of their portfolio DALLAS, TX 109,140109.1k $4.3m $4.3m 0.53% New
85 Parallel Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 108,395108.4k $4.3m $4.3m 0.08% Added +9.7k +9,735
86 Legacy Capital Group California, Inc. 1.01% of their portfolio LOS GATOS, CA 105,805105.8k $4.2m $4.2m 1.01% Reduced -3.8k -3,802
87 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 103,797103.8k $4.1m $4.1m 0.01% Added +53.4k +53,437
88 Triumph Capital Management 0.84% of their portfolio DENVER, CO 98,51898.5k $3.9m $3.9m 0.84% Added +8.5k +8,463
89 EverSource Wealth Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 97,83297.8k $3.9m $3.9m 0.14% Reduced -600 -600
90 Cornerstone Wealth Management, LLC 0.19% of their portfolio ST. PETERS, MO 92,42692.4k $3.6m $3.6m 0.19% Added +712 +712
91 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 90,23790.2k $3.6m $3.6m 0.02% Added +3.0k +3,039
92 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 88,09488.1k $3.5m $3.5m 0.04% Reduced -7.7k -7,699
93 Tradition Wealth Management, LLC 0.23% of their portfolio EDINA, MN 82,92082.9k $3.3m $3.3m 0.23% Added +5.7k +5,740
94 Greykasell Wealth Strategies, Inc. 1.27% of their portfolio DANVILLE, CA 81,96682.0k $3.2m $3.2m 1.27% Added +931 +931
95 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 80,69080.7k $3.2m $3.2m 0.00% New
96 SPIREPOINT PRIVATE CLIENT, LLC 0.30% of their portfolio VERO BEACH, FL 80,33980.3k $3.2m $3.2m 0.30% Added +4.4k +4,400
97 NORTHEAST PLANNING ASSOCIATES, INC. / NH / 2.23% of their portfolio BEDFORD, NH 80,31980.3k $3.2m $3.2m 2.23% Reduced -62 -62
98 Mechanics Bank Trust Department 0.40% of their portfolio Walnut Creek, CA 77,76077.8k $3.1m $3.1m 0.40% Added +210 +210
99 KENNEDY INVESTMENT GROUP, INC. 1.15% of their portfolio WEST DEPTFORD, NJ 77,11877.1k $3.0m $3.0m 1.15% Added +16.8k +16,824
100 CAP Partners, LLC 1.71% of their portfolio FRANKLIN, TN 76,78976.8k $3.0m $3.0m 1.71% Added +4.9k +4,878