Vault-13

VICTORY PORTFOLIOS II UBND

CORE PLUS BD ETF · ETP · CUSIP 92647X863

25 institutional holders +1 vs Q1 2025
45,287,37245.3m shares reported held*
$989.5mreported value*
4 new 11 added 6 reduced 3 sold out net bought ≈ $387.9m (+17.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $21.85.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 3Q4 22: 3Q1 23: 5Q2 23: 5Q3 23: 8Q4 23: 14Q1 24: 14Q2 24: 19Q3 24: 18Q4 24: 21Q1 25: 24Q2 25: 2525Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20223
Q4 20223
Q1 20235
Q2 20235
Q3 20238
Q4 202314
Q1 202414
Q2 202419
Q3 202418
Q4 202421
Q1 202524
Q2 202525

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 7 bought or addedQ3 23: 1 cut or sold outQ4 23: 11 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 9 bought or addedQ1 24: 6 cut or sold outQ2 24: 14 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 9 bought or addedQ3 24: 10 cut or sold outQ4 24: 15 bought or addedQ4 24: 6 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 5 cut or sold outQ2 25: 15 bought or addedQ2 25: 9 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202371
Q4 2023113
Q1 202496
Q2 2024144
Q3 2024910
Q4 2024156
Q1 2025185
Q2 2025159

Biggest buyers

Annex Advisory Services, LLC Added +12,859,443+12.9m
VICTORY CAPITAL MANAGEMENT INC Added +4,680,000+4.7m
Retirement Planning Group, LLC Added +322,534+322.5k
Corient Private Wealth LP Added +106,225+106.2k
CAHABA WEALTH MANAGEMENT, INC. New +23,835+23.8k
OSAIC HOLDINGS, INC. Added +15,026+15.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +14,247+14.2k
Kestra Advisory Services, LLC New +9,500+9.5k
OneDigital Investment Advisors LLC Added +8,446+8.4k
CORRECT CAPITAL WEALTH MANAGEMENT Added +7,261+7.3k

Biggest sellers

GOLDMAN SACHS GROUP INC Sold out -222,097-222.1k
JANE STREET GROUP, LLC Sold out -35,739-35.7k
Goldstein Advisors, LLC Reduced -16,830-16.8k
CWM, LLC Reduced -9,513-9.5k
Elk River Wealth Management LLC Reduced -6,160-6.2k
Madison Wealth Partners, Inc Reduced -4,753-4.8k
CITADEL ADVISORS LLC Reduced -4,263-4.3k
Steward Partners Investment Advisory, LLC Reduced -1,183-1.2k
IFP Advisors, Inc Sold out -85-85

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Annex Advisory Services, LLC 8.80% of their portfolio BROOKFIELD, WI 16,731,38716.7m $365.6m $365.6m 8.80% Added +12.9m +12,859,443
2 VICTORY CAPITAL MANAGEMENT INC 0.21% of their portfolio San Antonio, TX 15,196,52315.2m $332.0m $332.0m 0.21% Added +4.7m +4,680,000
3 Retirement Planning Group, LLC 4.91% of their portfolio LEAWOOD, KS 5,283,1855.3m $115.4m $115.4m 4.91% Added +322.5k +322,534
4 1900 WEALTH MANAGEMENT LLC 6.74% of their portfolio SAN ANTONIO, TX 4,078,9754.1m $89.1m $89.1m 6.74% Added +5.1k +5,130
5 Goldstein Advisors, LLC 4.21% of their portfolio Madison, WI 1,435,9161.4m $31.4m $31.4m 4.21% Reduced -16.8k -16,830
6 CORRECT CAPITAL WEALTH MANAGEMENT 3.32% of their portfolio CLAYTON, MO 779,672779.7k $17.0m $17.0m 3.32% Added +7.3k +7,261
7 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 418,034418.0k $9.1m $9.1m 0.01% Added +106.2k +106,225
8 Elk River Wealth Management LLC 1.22% of their portfolio DENVER, CO 325,319325.3k $7.1m $7.1m 1.22% Reduced -6.2k -6,160
9 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 301,123301.1k $6.6m $6.6m 0.01% Added +15.0k +15,026
10 Huntleigh Advisors, Inc. 1.13% of their portfolio ST. LOUIS, MO 267,431267.4k $5.8m $5.8m 1.13% Added +490 +490
11 Madison Wealth Partners, Inc 0.76% of their portfolio MADISON, WI 160,206160.2k $3.5m $3.5m 0.76% Reduced -4.8k -4,753
12 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 118,385118.4k $2.6m $2.6m 0.03% Added +8.4k +8,446
13 Integrated Investment Consultants, LLC 0.16% of their portfolio BLOOMFIELD HILLS, MI 36,56536.6k $798.9k $798.9k 0.16% Added +963 +963
14 CWM, LLC 0.00% of their portfolio OMAHA, NE 33,10233.1k $723.0k $723.0k 0.00% Reduced -9.5k -9,513
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 28,89828.9k $631.4k $631.4k 0.00% Reduced -4.3k -4,263
16 CAHABA WEALTH MANAGEMENT, INC. 0.04% of their portfolio Atlanta, GA 23,83523.8k $520.8k $520.8k 0.04% New
17 LexAurum Advisors, LLC 0.07% of their portfolio OVERLAND PARK, KS 20,53120.5k $448.6k $448.6k 0.07% Added +732 +732
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,24714.2k $311.3k $311.3k 0.00% New
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 11,30111.3k $246.9k $246.9k 0.00% Unchanged
20 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 10,03810.0k $219.3k $219.3k 0.00% Reduced -1.2k -1,183
21 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 9,5009.5k $207.6k $207.6k 0.00% New
22 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,5972.6k $56.7k $56.7k 0.00% Unchanged
23 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 473473 $10.3k $10.3k 0.00% New
24 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 129129 $2.8k $2.8k 0.00% Unchanged
25 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged