Vault-13

VICTORY PORTFOLIOS II VFLO

SHARES FREE CASH · ETP · CUSIP 92647X830

284 institutional holders +33 vs Q4 2025
131,806,678131.8m shares reported held*
$5.2bnreported value*
43 new 156 added 58 reduced 7 sold out net bought ≈ $491.0m (+12.4m 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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.51.

Trends to Q1 2026

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: 251Q1 26: 284284Q2 23Q1 24Q4 24Q3 25Q1 26
Numbers
QuarterHolders
Q2 20233
Q3 20237
Q4 202314
Q1 202429
Q2 202464
Q3 2024102
Q4 2024157
Q1 2025197
Q2 2025218
Q3 2025226
Q4 2025251
Q1 2026284

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 147 bought or addedQ4 25: 86 cut or sold outQ1 26: 199 bought or addedQ1 26: 65 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024569
Q3 20249111
Q4 202412716
Q1 202516827
Q2 202514371
Q3 202513691
Q4 202514786
Q1 202619965

Biggest buyers

WELLS FARGO & COMPANY/MN Added +1,624,955+1.6m
BANK OF AMERICA CORP /DE/ Added +1,489,192+1.5m
Parallel Advisors, LLC Added +1,430,052+1.4m
ENVESTNET ASSET MANAGEMENT INC Added +1,360,339+1.4m
LPL Financial LLC Added +1,162,524+1.2m
RAYMOND JAMES FINANCIAL INC Added +726,028+726.0k
MORGAN STANLEY Added +620,973+621.0k
Wilkerson Advisory Group LLC New +585,147+585.1k
UBS Group AG Added +385,420+385.4k
Modern Wealth Management, LLC Added +360,996+361.0k

Biggest sellers

Annex Advisory Services, LLC Reduced -865,880-865.9k
Goldstein Advisors, LLC Reduced -543,821-543.8k
Cambridge Investment Research Advisors, Inc. Reduced -366,421-366.4k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -344,819-344.8k
Concurrent Investment Advisors, LLC Reduced -227,833-227.8k
TRAPHAGEN INVESTMENT ADVISORS LLC Reduced -210,219-210.2k
MAGNOLIA CAPITAL ADVISORS LLC Reduced -124,067-124.1k
WBI INVESTMENTS, LLC Reduced -93,467-93.5k
IHT Wealth Management, LLC Reduced -93,401-93.4k
Qube Research & Technologies Ltd Reduced -58,923-58.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 15,967,46816.0m $630.4m $630.4m 0.05% Added +1.5m +1,489,192
2 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 13,442,57313.4m $530.7m $530.7m 0.14% Added +1.2m +1,162,524
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 12,552,17212.6m $495.6m $495.6m 0.03% Added +621.0k +620,973
4 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 7,851,4767.9m $310.0m $310.0m 0.06% Added +1.6m +1,624,955
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.18% of their portfolio MILWAUKEE, WI 7,573,0837.6m $299.0m $299.0m 0.18% Added +173.1k +173,126
6 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 5,753,4785.8m $227.1m $227.1m 0.07% Added +726.0k +726,028
7 VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio San Antonio, TX 5,011,1505.0m $197.8m $197.8m 0.13% Added +310.0k +310,000
8 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,603,3813.6m $142.3m $142.3m 0.03% Added +385.4k +385,420
9 Allworth Financial LP 0.56% of their portfolio FOLSOM, CA 3,516,4463.5m $138.8m $138.8m 0.56% Reduced -32.4k -32,372
10 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 3,022,1253.0m $119.3m $119.3m 0.13% Added +44.8k +44,777
11 Merit Financial Group, LLC 0.83% of their portfolio ALPHARETTA, GA 2,822,5372.8m $111.4m $111.4m 0.83% Added +186.9k +186,909
12 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,554,1962.6m $100.8m $100.8m 0.02% Added +357.7k +357,674
13 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 2,399,8312.4m $94.7m $94.7m 0.03% Added +1.4m +1,360,339
14 Modern Wealth Management, LLC 1.61% of their portfolio KANSAS CITY, MO 2,362,9962.4m $93.7m $93.7m 1.61% Added +361.0k +360,996
15 TRAPHAGEN INVESTMENT ADVISORS LLC 6.98% of their portfolio ORADELL, NJ 2,181,8022.2m $86.1m $86.1m 6.98% Reduced -210.2k -210,219
16 Composition Wealth, LLC 1.18% of their portfolio LOS ANGELES, CA 2,166,5522.2m $85.5m $85.5m 1.18% Reduced -20.0k -20,006
17 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,143,5752.1m $84.6m $84.6m 0.02% Added +215.5k +215,541
18 Krilogy Financial LLC 2.24% of their portfolio ST. LOUIS, MO 1,689,2731.7m $69.6m $69.6m 2.24% Added +60.5k +60,489
19 GREAT VALLEY ADVISOR GROUP, INC. 1.17% of their portfolio WILMINGTON, DE 1,635,8461.6m $64.6m $64.6m 1.17% Added +150.8k +150,764
20 Goldstein Advisors, LLC 6.76% of their portfolio Madison, WI 1,540,8051.5m $60.8m $60.8m 6.76% Reduced -543.8k -543,821
21 Parallel Advisors, LLC 1.09% of their portfolio SAN FRANCISCO, CA 1,538,4471.5m $60.7m $60.7m 1.09% Added +1.4m +1,430,052
22 Sanctuary Advisors, LLC 0.24% of their portfolio INDIANAPOLIS, IN 1,108,3231.1m $43.8m $43.8m 0.24% Added +32.4k +32,357
23 Keystone Financial Group 2.92% of their portfolio LEXINGTON, KY 1,079,6971.1m $42.6m $42.6m 2.92% Added +32.3k +32,322
24 StoneX Group Inc. 2.25% of their portfolio NEW YORK, NY 1,056,8001.1m $41.7m $41.7m 2.25% Reduced -456 -456
25 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,044,3521.0m $41.2m $41.2m 0.06% Added +51.4k +51,363
26 RVW Wealth, LLC 3.08% of their portfolio LOS ANGELES, CA 1,000,6181.0m $39.5m $39.5m 3.08% Added +18.6k +18,628
27 Private Advisor Group, LLC 0.17% of their portfolio MORRISTOWN, NJ 916,635916.6k $36.2m $36.2m 0.17% Added +89.5k +89,483
28 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 838,190838.2k $33.1m $33.1m 0.05% Added +24.9k +24,939
29 Orion Porfolio Solutions, LLC 0.21% of their portfolio OMAHA, NE 631,653631.7k $24.9m $24.9m 0.21% Reduced -3.4k -3,397
30 Wilkerson Advisory Group LLC 7.94% of their portfolio COLUMBIA, MO 585,147585.1k $23.1m $23.1m 7.94% New
31 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 575,489575.5k $22.7m $22.7m 0.02% Reduced -18.1k -18,147
32 Sepio Capital, LP 1.16% of their portfolio Salt Lake City, UT 542,434542.4k $21.4m $21.4m 1.16% Added +264 +264
33 Beacon Capital Management, Inc. 1.18% of their portfolio DAYTON, OH 530,264530.3k $20.9m $20.9m 1.18% Added +99.2k +99,210
34 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 529,732529.7k $20.9m $20.9m 0.05% Reduced -366.4k -366,421
35 Annex Advisory Services, LLC 0.39% of their portfolio BROOKFIELD, WI 528,167528.2k $20.9m $20.9m 0.39% Reduced -865.9k -865,880
36 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 528,153528.2k $20.9m $20.9m 0.04% Added +77.1k +77,148
37 Madison Asset Management, LLC 0.23% of their portfolio MADISON, WI 476,720476.7k $18.8m $18.8m 0.23% Added +38.8k +38,754
38 Ledyard National Bank 1.62% of their portfolio HANOVER, NH 474,117474.1k $18.7m $18.7m 1.62% Added +71.8k +71,764
39 Financial Enhancement Group LLC 2.43% of their portfolio ANDERSON, IN 468,187468.2k $19.6m $19.6m 2.43% Added +19.6k +19,550
40 Marble Wealth, LLC 3.22% of their portfolio MONTGOMERY, AL 466,127466.1k $18.4m $18.4m 3.22% Reduced -27.3k -27,252
41 Atlas Wealth LLC 5.36% of their portfolio CINCINNATI, OH 453,010453.0k $17.9m $17.9m 5.36% Added +67.9k +67,871
42 Landmark Wealth Management, LLC 4.76% of their portfolio MELVILLE, NY 450,707450.7k $17.8m $17.8m 4.76% Added +87.1k +87,080
43 Allen Capital Group, LLC 1.53% of their portfolio GRAND ISLAND, NE 429,047429.0k $16.9m $16.9m 1.53% Added +4.1k +4,057
44 ADAPT WEALTH ADVISORS, LLC 6.01% of their portfolio ATLANTA, GA 420,502420.5k $16.6m $16.6m 6.01% Added +1.9k +1,865
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 412,251412.3k $16.3m $16.3m 0.00% Added +331.6k +331,561
46 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 393,200393.2k $15.5m $15.5m 0.01% Reduced -44.5k -44,500
47 Curry Webb Wealth Management LLC 7.30% of their portfolio INDIANAPOLIS, IN 391,553391.6k $15.5m $15.5m 7.30% Added +47.5k +47,474
48 Gotham Asset Management, LLC 0.04% of their portfolio NEW YORK, NY 365,534365.5k $14.4m $14.4m 0.04% Added +20.5k +20,463
49 Summit Financial, LLC 0.18% of their portfolio PARSIPPANY, NJ 360,315360.3k $14.2m $14.2m 0.18% Reduced -20.9k -20,937
50 CFO4Life Group, LLC 2.12% of their portfolio COPPELL, TX 352,701352.7k $13.9m $13.9m 2.12% Reduced -3.8k -3,775
51 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 342,792342.8k $13.5m $13.5m 0.01% Added +35.3k +35,304
52 Foundations Investment Advisors, LLC 0.17% of their portfolio PHOENIX, AZ 340,300340.3k $13.4m $13.4m 0.17% Added +5.8k +5,819
53 OneAscent Financial Services LLC 0.71% of their portfolio BIRMINGHAM, AL 330,926330.9k $13.1m $13.1m 0.71% Added +134.5k +134,473
54 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 330,290330.3k $12.8m $12.8m 0.01% Added +182.8k +182,802
55 Sowa Financial Group, Inc. 6.28% of their portfolio LINCOLN, RI 320,901320.9k $12.7m $12.7m 6.28% Added +308.7k +308,661
56 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 317,483317.5k $12.5m $12.5m 0.02% Added +21.4k +21,408
57 Mariner, LLC 0.01% of their portfolio Overland Park, KS 316,363316.4k $12.5m $12.5m 0.01% Added +155.2k +155,183
58 Hudock, Inc. 1.75% of their portfolio Williamsport, PA 301,693301.7k $11.9m $11.9m 1.75% Added +38.9k +38,921
59 Western Wealth Management, LLC 0.40% of their portfolio GOLDEN, CO 268,567268.6k $10.6m $10.6m 0.40% Added +20.8k +20,796
60 Legacy Financial Advisors, Inc. 1.45% of their portfolio COVINGTON, KY 262,945262.9k $10.4m $10.4m 1.45% New
61 Advance Capital Management, Inc. 0.37% of their portfolio SOUTHFIELD, MI 248,988249.0k $9.8m $9.8m 0.37% Added +11.1k +11,111
62 Weil Company, Inc. 2.19% of their portfolio SAN DIEGO, CA 247,065247.1k $9.8m $9.8m 2.19% Added +8.1k +8,091
63 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 234,151234.2k $9.2m $9.2m 0.07% New
64 Atria Investments, Inc 0.10% of their portfolio Charlotte, NC 229,338229.3k $9.1m $9.1m 0.10% Added +34.7k +34,736
65 FLAGSHIP HARBOR ADVISORS, LLC 0.40% of their portfolio BOSTON, MA 228,303228.3k $9.0m $9.0m 0.40% Added +14.6k +14,628
66 Financial Designs Corp 4.95% of their portfolio CLAREMONT, CA 225,352225.4k $8.9m $8.9m 4.95% Reduced -1.6k -1,559
67 KICKSTAND VENTURES, LLC. 1.80% of their portfolio PITTSFORD, NY 216,522216.5k $8.5m $8.5m 1.80% Added +3.0k +2,969
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 214,962215.0k $8.6m $8.6m 0.02% Added +10.9k +10,904
69 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 208,789208.8k $8.2m $8.2m 0.02% Added +105.0k +104,992
70 GERBER, LLC 4.26% of their portfolio COLUMBUS, OH 190,632190.6k $7.5m $7.5m 4.26% Added +130.5k +130,498
71 Clarity Asset Management, Inc. 3.73% of their portfolio AMES, IA 186,548186.5k $7.4m $7.4m 3.73% New
72 Cornerstone Wealth Group, LLC 0.47% of their portfolio HUNTERSVILLE, NC 173,014173.0k $7.2m $7.2m 0.47% New
73 Pine Valley Investments Ltd Liability Co 0.32% of their portfolio MARLTON, NJ 167,702167.7k $6.6m $6.6m 0.32% Added +14.6k +14,564
74 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 163,714163.7k $6.5m $6.5m 0.00% Reduced -3.6k -3,572
75 Fort Point Capital Partners LLC 0.84% of their portfolio San Francisco, CA 161,756161.8k $6.4m $6.4m 0.84% Added +86.7k +86,655
76 Huntleigh Advisors, Inc. 1.07% of their portfolio ST. LOUIS, MO 158,180158.2k $6.2m $6.2m 1.07% Reduced -7.8k -7,758
77 Ausdal Financial Partners, Inc. 0.27% of their portfolio Davenport, IA 155,650155.7k $6.1m $6.1m 0.27% Added +8.2k +8,229
78 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 151,964152.0k $6.0m $6.0m 0.01% New
79 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 150,826150.8k $5.8m $5.8m 0.00% Added +1.6k +1,636
80 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 145,702145.7k $5.8m $5.8m 0.03% Reduced -8.3k -8,342
81 OneAscent Wealth Management LLC 1.86% of their portfolio BIRMINGHAM, AL 142,604142.6k $5.6m $5.6m 1.86% Added +19.2k +19,156
82 Aptus Capital Advisors, LLC 0.05% of their portfolio FAIRHOPE, AL 137,987138.0k $5.4m $5.4m 0.05% Added +11.3k +11,254
83 ATLANTIC FAMILY WEALTH, LLC 3.88% of their portfolio CORAL GABLES, FL 136,165136.2k $5.4m $5.4m 3.88% Added +22.6k +22,643
84 Maridea Wealth Management LLC 0.78% of their portfolio BROOKLYN, NY 135,980136.0k $5.4m $5.4m 0.78% Reduced -14.5k -14,529
85 Financial Guidance Group, Inc. 2.14% of their portfolio Palm Harbor, FL 134,919134.9k $5.3m $5.3m 2.14% Added +8.3k +8,306
86 CORRECT CAPITAL WEALTH MANAGEMENT 0.95% of their portfolio CLAYTON, MO 129,460129.5k $5.1m $5.1m 0.95% Reduced -344.8k -344,819
87 Sunbelt Securities, Inc. 0.32% of their portfolio HOUSTON, TX 128,069128.1k $5.1m $5.1m 0.32% Added +4.1k +4,122
88 Goldstone Financial Group, LLC 0.53% of their portfolio OAKBROOK TERRACE, IL 124,360124.4k $4.9m $4.9m 0.53% Reduced -45.0k -45,040
89 McGowan Group Asset Management, Inc. 0.61% of their portfolio DALLAS, TX 120,635120.6k $4.8m $4.8m 0.61% Added +11.5k +11,495
90 MAGNOLIA CAPITAL ADVISORS LLC 0.87% of their portfolio RIDGELAND, MS 112,692112.7k $4.4m $4.4m 0.87% Reduced -124.1k -124,067
91 Legacy Capital Group California, Inc. 1.62% of their portfolio LOS GATOS, CA 108,082108.1k $4.3m $4.3m 1.62% Added +2.3k +2,277
92 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 106,930106.9k $4.2m $4.2m 0.03% Added +16.7k +16,693
93 Cornerstone Wealth Management, LLC 0.20% of their portfolio ST. PETERS, MO 100,841100.8k $4.0m $4.0m 0.20% Added +8.4k +8,415
94 Triumph Capital Management 0.81% of their portfolio DENVER, CO 100,192100.2k $4.0m $4.0m 0.81% Added +1.7k +1,674
95 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 99,56599.6k $3.9m $3.9m 0.03% Added +31.9k +31,904
96 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 95,39195.4k $3.8m $3.8m 0.01% Added +21.2k +21,171
97 EverSource Wealth Advisors, LLC 0.11% of their portfolio BIRMINGHAM, AL 93,23793.2k $3.7m $3.7m 0.11% Reduced -4.6k -4,595
98 KPP Advisory Services LLC 0.53% of their portfolio Louisville, KY 92,20392.2k $3.6m $3.6m 0.53% Added +22.8k +22,770
99 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 85,23585.2k $3.4m $3.4m 0.03% Reduced -2.9k -2,859
100 SPIREPOINT PRIVATE CLIENT, LLC 0.32% of their portfolio VERO BEACH, FL 84,11984.1k $3.3m $3.3m 0.32% Added +3.8k +3,780