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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
SIC
51
Samalin Investment Counsel
New York
$2.88M +$286K +5,621 +11%
SAM
52
Synergy Asset Management
Washington
$2.75M +$1.95M +38,363 +244%
SPIA
53
Steward Partners Investment Advisory
New York
$2.3M +$75.9K +1,493 +3%
EWS
54
Evergreen Wealth Solutions
Pennsylvania
$2.29M +$250K +4,915 +12%
EH
55
Equitable Holdings
New York
$2.28M +$721K +14,180 +47%
OWM
56
OneAscent Wealth Management
Alabama
$2.26M -$94.4K -1,857 -4%
OC
57
Oppenheimer & Co
New York
$2.24M +$283K +5,573 +15%
TFM
58
Trademark Financial Management
Minnesota
$2.22M +$232K +4,562 +12%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$2.19M +$1.16M +22,820 +113%
BCI
60
Brinker Capital Investments
Pennsylvania
$2.03M +$219K +4,310 +12%
MWP
61
Madison Wealth Partners
Wisconsin
$1.96M +$524K +10,304 +37%
ERWM
62
Elk River Wealth Management
Colorado
$1.94M +$108K +2,132 +6%
AI
63
Atria Investments
North Carolina
$1.92M +$55.3K +1,088 +3%
Mariner
64
Mariner
Kansas
$1.9M -$410K -8,078 -18%
Bank of New York Mellon
65
Bank of New York Mellon
New York
$1.73M +$1.72M +33,892 New
RW
66
REDW Wealth
New Mexico
$1.61M +$1.15M +22,600 +254%
SOS
67
Silver Oak Securities
Tennessee
$1.24M -$216K -4,242 -15%
KAS
68
Kestra Advisory Services
Texas
$1.23M +$115K +2,262 +10%
ASN
69
Advisory Services Network
Georgia
$1.17M +$32.4K +637 +3%
SIM
70
Stratos Investment Management
Ohio
$1.14M +$726K +14,278 +178%
SPC
71
Sigma Planning Corp
Michigan
$1.13M -$101K -1,986 -8%
PWM
72
Perigon Wealth Management
California
$1.03M +$414K +8,140 +67%
FHA
73
Flagship Harbor Advisors
Massachusetts
$1.01M +$157K +3,081 +18%
BCA
74
Bay Colony Advisors
Massachusetts
$929K -$507K -9,986 -35%
Cetera Investment Advisers
75
Cetera Investment Advisers
Illinois
$927K -$189K -3,720 -17%
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.