We are live on ! Find out more
USTB icon

Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB

129 hedge funds and large institutions have $1.21B invested in Victory Portfolios II VictoryShares Short-Term Bond ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 78 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

271% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 21

171% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 7

27% more capital invested

Capital invested by funds: $951M → $1.21B (+$261M)

7% more funds holding

Funds holding: 121 → 129 (+8)

2.79% more ownership

Funds ownership: 74.12% → 76.92% (+2.8%)

8% less funds holding in top 10

Funds holding in top 10: 12 → 11 (-1)

Holders
129
Holders Change
+8
Holders Change %
+6.61%
% of All Funds
1.69%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.14%
New
19
Increased
78
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MFG
Merit Financial Group
Georgia
+$121M
2
Morgan Stanley
Morgan Stanley
New York
+$38M
3
CAL
Capital Analysts LLC
Pennsylvania
+$28.5M
4
LPL Financial
LPL Financial
California
+$9.14M
5
AC
Apella Capital
Connecticut
+$7.93M

Top Sellers

Rank Fund Capital Flow
1
CPG
Cornerstone Planning Group
New Jersey
-$12.5M
2
RWA
Redhawk Wealth Advisors
Minnesota
-$7.45M
3
Jane Street
Jane Street
New York
-$3.21M
4
AAS
Ameritas Advisory Services
Nebraska
-$1.62M
5
FTUS
Flow Traders U.S.
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$9.76M +$1.06M +20,775 +12%
CFD
27
Creative Financial Designs
Indiana
$8.94M +$540K +10,626 +6%
TFA
28
Toth Financial Advisory
Virginia
$8.89M +$227K +4,473 +3%
AWA
29
Adapt Wealth Advisors
Georgia
$8.78M +$162K +3,195 +2%
AC
30
Apella Capital
Connecticut
$8.75M +$7.93M +155,973 +997%
B
31
Bensler
Washington
$8.29M -$436K -8,587 -5%
FPAS
32
Focus Partners Advisor Solutions
Missouri
$8.22M +$7.34M +144,514 +832%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$7.8M +$5.31M +104,496 +216%
PWMG
34
Pinnacle Wealth Management Group
Michigan
$7.75M +$332K +6,533 +4%
AWM
35
Avaii Wealth Management
Wisconsin
$7.33M +$426K +8,383 +6%
MTWM
36
Masso Torrence Wealth Management
New Jersey
$7.12M +$415K +8,165 +6%
QWM
37
Quadcap Wealth Management
Texas
$6.21M +$398K +7,834 +7%
STA
38
Smith Thornton Advisors
Alabama
$5.92M +$286K +5,634 +5%
Citadel Advisors
39
Citadel Advisors
Florida
$5.67M +$4.51M +88,684 +393%
IWC
40
Integrated Wealth Concepts
Massachusetts
$5.56M +$551K +10,851 +11%
MML Investors Services
41
MML Investors Services
Massachusetts
$5.54M +$3.8M +74,773 +220%
MCA
42
Midwest Capital Advisors
Michigan
$5.29M +$267K +5,250 +5%
LWM
43
Lakeridge Wealth Management
Ohio
$4.97M +$1.31M +25,685 +36%
DC
44
Darrow Company
Massachusetts
$4.55M +$436K +8,579 +11%
Thrivent Financial for Lutherans
45
Thrivent Financial for Lutherans
Minnesota
$4.34M +$4.33M +85,180 New
SF
46
Summit Financial
New Jersey
$4.33M +$4.32M +84,983 New
KWM
47
Kingsview Wealth Management
Oregon
$4.31M +$422K +8,306 +11%
NFG
48
Nations Financial Group
Iowa
$3.72M -$55.8K -1,098 -1%
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$3.24M +$261K +5,136 +9%
VA
50
Valmark Advisers
Ohio
$2.92M +$1.54M +30,262 +112%
1
2
3 4 5

USTB Hedge Fund Activity: Q3 2025 in Review

129 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) for Q3 2025, worth a combined $1.21B — up 27% from $951M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new USTB positions and 7 closed out — a net gain of 12 holders — while 78 added to existing stakes and 21 trimmed.

The largest buyer was Merit Financial Group, adding an estimated $121M. The largest seller was Cornerstone Planning Group, cutting an estimated $12.5M.

  • 129 institutional investors held Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) as of Q3 2025, up from 121 in Q2 2025.
  • Funds reported $1.21B of Victory Portfolios II VictoryShares Short-Term Bond ETF stock for Q3 2025, up 27% quarter-over-quarter.
  • 19 funds opened new Victory Portfolios II VictoryShares Short-Term Bond ETF positions in Q3 2025 and 7 closed out, a net change of +12 holders.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF buyer in Q3 2025 was Merit Financial Group, an estimated $121M added.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF seller in Q3 2025 was Cornerstone Planning Group, an estimated $12.5M sold.

Based on aggregated 13F filings for Q3 2025.