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Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB

133 hedge funds and large institutions have $1.3B invested in Victory Portfolios II VictoryShares Short-Term Bond ETF in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 74 increasing their positions, 29 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 29

46% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 13

7% more capital invested

Capital invested by funds: $1.21B → $1.3B (+$89.8M)

3% more funds holding

Funds holding: 129 → 133 (+4)

1.66% less ownership

Funds ownership: 76.92% → 75.25% (-1.7%)

9% less funds holding in top 10

Funds holding in top 10: 11 → 10 (-1)

Holders
133
Holders Change
+4
Holders Change %
+3.1%
% of All Funds
1.62%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.12%
New
19
Increased
74
Reduced
29
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$24.7M
2
CPG
Cornerstone Planning Group
New Jersey
+$12.5M
3
BWP
BlueStem Wealth Partners
Minnesota
+$10.7M
4
EWS
Evergreen Wealth Solutions
Pennsylvania
+$8.74M
5
MFG
Merit Financial Group
Georgia
+$8.55M

Top Sellers

1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$10.9M
2
RWA
Redhawk Wealth Advisors
Minnesota
-$7.05M
3
Citadel Advisors
Citadel Advisors
Florida
-$5.67M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$4.04M
5
SAM
Synergy Asset Management
Washington
-$2.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAC
26
Certified Advisory Corp
Florida
$10.7M +$363K +7,135 +4%
BWP
27
BlueStem Wealth Partners
Minnesota
$10.7M +$10.7M +209,508 New
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$10.6M +$832K +16,352 +8%
PVI
29
Pine Valley Investments
New Jersey
$10.3M +$372K +7,302 +4%
AC
30
Apella Capital
Connecticut
$9.92M +$1.2M +23,556 +14%
TFA
31
Toth Financial Advisory
Virginia
$9.7M +$835K +16,403 +9%
CFD
32
Creative Financial Designs
Indiana
$9.4M +$487K +9,563 +5%
AWA
33
Adapt Wealth Advisors
Georgia
$9.22M +$466K +9,163 +5%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$8.49M +$712K +13,978 +9%
PWMG
35
Pinnacle Wealth Management Group
Michigan
$8.08M +$345K +6,785 +4%
B
36
Bensler
Washington
$7.86M -$412K -8,101 -5%
FFA
37
Farther Finance Advisors
California
$7.58M +$7.59M +149,102 New
AWM
38
Avaii Wealth Management
Wisconsin
$7.57M +$260K +5,106 +4%
IWC
39
Integrated Wealth Concepts
Massachusetts
$7.08M +$1.54M +30,244 +28%
SF
40
Summit Financial
New Jersey
$6.81M +$2.49M +48,994 +58%
WA
41
Winter & Associates
Minnesota
$6.73M +$6.74M +132,438 New
FPAS
42
Focus Partners Advisor Solutions
Missouri
$6.73M -$1.5M -29,439 -18%
SL
43
StoryOne LLC
Kansas
$6.62M – – –
MML Investors Services
44
MML Investors Services
Massachusetts
$6.61M +$1.09M +21,372 +20%
QWM
45
Quadcap Wealth Management
Texas
$6.53M +$339K +6,653 +5%
STA
46
Smith Thornton Advisors
Alabama
$6.33M +$430K +8,449 +7%
MCA
47
Midwest Capital Advisors
Michigan
$5.29M +$20.3K +399 +0.4%
DC
48
Darrow Company
Massachusetts
$5.11M +$574K +11,286 +13%
KWM
49
Kingsview Wealth Management
Oregon
$4.41M +$113K +2,211 +3%
NFG
50
Nations Financial Group
Iowa
$4.03M +$326K +6,408 +9%
1
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USTB Hedge Fund Activity: Q4 2025 in Review

133 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) for Q4 2025, worth a combined $1.3B — up 7.4% from $1.21B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new USTB positions and 13 closed out — a net gain of 6 holders — while 74 added to existing stakes and 29 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $24.7M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $10.9M.

  • 133 institutional investors held Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) as of Q4 2025, up from 129 in Q3 2025.
  • Funds reported $1.3B of Victory Portfolios II VictoryShares Short-Term Bond ETF stock for Q4 2025, up 7.4% quarter-over-quarter.
  • 19 funds opened new Victory Portfolios II VictoryShares Short-Term Bond ETF positions in Q4 2025 and 13 closed out, a net change of +6 holders.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF buyer in Q4 2025 was Morgan Stanley, an estimated $24.7M added.
  • The largest Victory Portfolios II VictoryShares Short-Term Bond ETF seller in Q4 2025 was Wealth Enhancement Advisory Services, an estimated $10.9M sold.

Based on aggregated 13F filings for Q4 2025.