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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
Comerica Bank
76
Comerica Bank
Texas
$1.18M +$1.18M +23,206 New
ASN
77
Advisory Services Network
Georgia
$1.18M +$16.2K +318 +1%
SPC
78
Sigma Planning Corp
Michigan
$1.18M +$45.6K +895 +4%
SIM
79
Stratos Investment Management
Ohio
$1.13M -$3.72K -73 -0.3%
Goldman Sachs
80
Goldman Sachs
New York
$1.11M +$1.11M +21,802 New
BCA
81
Bay Colony Advisors
Massachusetts
$1.09M +$166K +3,265 +18%
FHA
82
Flagship Harbor Advisors
Massachusetts
$1.09M +$77.2K +1,517 +8%
Cetera Investment Advisers
83
Cetera Investment Advisers
Illinois
$1.06M +$141K +2,771 +15%
AWP
84
Axis Wealth Partners
Rhode Island
$1.06M +$800K +15,714 +301%
CWM
85
Comprehensive Wealth Management
Washington
$1.01M +$195K +3,833 +24%
CA
86
Claro Advisors
Massachusetts
$995K +$76.9K +1,510 +8%
MCM
87
Mainstay Capital Management
Michigan
$747K +$152K +2,992 +26%
SL
88
SWMG LLC
Texas
$732K -$8.91K -175 -1%
Creative Planning
89
Creative Planning
Kansas
$696K +$697K +13,698 New
KPWS
90
Kestra Private Wealth Services
Texas
$631K +$275K +5,409 +77%
IWM
91
IHT Wealth Management
Illinois
$500K -$23.9K -470 -5%
DWP
92
Daymark Wealth Partners
Ohio
$494K -$26.9K -529 -5%
IF
93
Intrua Financial
Texas
$491K +$10.9K +214 +2%
MEAC
94
M.E. Allison & Co
Texas
$486K +$96.2K +1,890 +25%
FTUS
95
Flow Traders U.S.
New York
$439K +$440K +8,635 New
SA
96
Sonoma Allocations
California
$438K -$287K -5,641 -40%
Betterment LLC
97
Betterment LLC
New York
$428K +$5.04K +99 +1%
OWA
98
Octavia Wealth Advisors
Ohio
$380K +$87.5K +1,719 +30%
ACA
99
Aptus Capital Advisors
Alabama
$375K +$304K +5,973 +425%
SA
100
Sanctuary Advisors
Indiana
$365K -$75K -1,473 -17%
2 3
4
5 6

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.