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Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB

121 hedge funds and large institutions have $951M invested in Victory Portfolios II VictoryShares Short-Term Bond ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 61 increasing their positions, 29 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

110% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 29

10% more capital invested

Capital invested by funds: $865M → $951M (+$86M)

8% more funds holding

Funds holding: 112 → 121 (+9)

2.64% less ownership

Funds ownership: 76.77% → 74.12% (-2.6%)

8% less funds holding in top 10

Funds holding in top 10: 13 → 12 (-1)

Holders
121
Holders Change
+9
Holders Change %
+8.04%
% of All Funds
1.59%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.16%
New
16
Increased
61
Reduced
29
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$15.9M
2
Bank of America
Bank of America
North Carolina
+$15.8M
3
SFGP
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
+$15.2M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$10.9M
5
Osaic Holdings
Osaic Holdings
Arizona
+$5.9M

Top Sellers

Rank Fund Capital Flow
1
RWA
Redhawk Wealth Advisors
Minnesota
-$10.3M
2
MAM
Marquette Asset Management
Minnesota
-$2.34M
3
STA
Smith Thornton Advisors
Alabama
-$1.52M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$1.32M
5
EFL
ERn Financial LLC
Wisconsin
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$8.67M +$957K +18,944 +12%
TFA
27
Toth Financial Advisory
Virginia
$8.63M -$267K -5,279 -3%
AWA
28
Adapt Wealth Advisors
Georgia
$8.59M +$504K +9,978 +6%
CFD
29
Creative Financial Designs
Indiana
$8.37M +$3.8M +75,233 +84%
PWMG
30
Pinnacle Wealth Management Group
Michigan
$7.4M +$332K +6,569 +5%
AWM
31
Avaii Wealth Management
Wisconsin
$6.88M +$307K +6,073 +5%
MTWM
32
Masso Torrence Wealth Management
New Jersey
$6.68M +$500K +9,890 +8%
QWM
33
Quadcap Wealth Management
Texas
$5.79M +$301K +5,949 +6%
STA
34
Smith Thornton Advisors
Alabama
$5.61M -$1.52M -30,045 -21%
MCA
35
Midwest Capital Advisors
Michigan
$5.01M +$171K +3,376 +4%
IWC
36
Integrated Wealth Concepts
Massachusetts
$4.99M +$2.37M +46,826 +91%
DC
37
Darrow Company
Massachusetts
$4.1M +$113K +2,243 +3%
KWM
38
Kingsview Wealth Management
Oregon
$3.87M +$935K +18,507 +32%
NFG
39
Nations Financial Group
Iowa
$3.76M +$258K +5,103 +7%
LWM
40
Lakeridge Wealth Management
Ohio
$3.64M +$480K +9,496 +15%
Jane Street
41
Jane Street
New York
$3.21M -$450K -8,915 -12%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$2.97M +$176K +3,474 +6%
AWS
43
Atria Wealth Solutions
New York
$2.96M -$108K -2,138 -4%
SIC
44
Samalin Investment Counsel
New York
$2.58M -$69.8K -1,381 -3%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$2.46M +$365K +7,223 +18%
OWM
46
OneAscent Wealth Management
Alabama
$2.34M +$687K +13,603 +42%
Mariner
47
Mariner
Kansas
$2.3M -$635K -12,566 -22%
SPIA
48
Steward Partners Investment Advisory
New York
$2.22M +$2.2M +43,598 New
MFG
49
Merit Financial Group
Georgia
$2.1M -$438K -8,669 -17%
EWS
50
Evergreen Wealth Solutions
Pennsylvania
$2.03M +$1.02M +20,249 +103%
1
2
3 4 5

USTB Hedge Fund Activity: Q2 2025 in Review

121 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) for Q2 2025, worth a combined $951M — up 9.9% from $865M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new USTB positions and 5 closed out — a net gain of 11 holders — while 61 added to existing stakes and 29 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $15.9M. The largest seller was Redhawk Wealth Advisors, cutting an estimated $10.3M.

  • 121 institutional investors held Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) as of Q2 2025, up from 112 in Q1 2025.
  • Funds reported $951M of Victory Portfolios II VictoryShares Short-Term Bond ETF stock for Q2 2025, up 9.9% quarter-over-quarter.
  • 16 funds opened new Victory Portfolios II VictoryShares Short-Term Bond ETF positions in Q2 2025 and 5 closed out, a net change of +11 holders.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF buyer in Q2 2025 was Morgan Stanley, an estimated $15.9M added.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF seller in Q2 2025 was Redhawk Wealth Advisors, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2025.