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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
CCWM
101
Cassaday & Co Wealth Management
Virginia
$362K – – –
PA
102
Parallel Advisors
California
$357K -$47.8K -940 -12%
PD
103
Planning Directions
Pennsylvania
$353K +$353K +6,935 New
MFS
104
Miller Financial Services
Michigan
$345K +$345K +6,785 New
FGG
105
Financial Guidance Group
Florida
$337K +$337K +6,629 New
PWP
106
PrairieView Wealth Partners
Illinois
$319K – – –
MCC
107
Money Concepts Capital
Florida
$319K +$7.38K +145 +2%
HighTower Advisors
108
HighTower Advisors
Illinois
$318K +$4.73K +93 +2%
SG
109
StoneX Group
New York
$296K +$10.8K +212 +4%
Thrivent Financial for Lutherans
110
Thrivent Financial for Lutherans
Minnesota
$292K -$4.04M -79,437 -93%
PCS
111
Private Client Services
Kentucky
$245K -$1.02K -20 -0.4%
OFO
112
OneAscent Family Office
Alabama
$235K +$6.57K +129 +3%
SI
113
Stirlingshire Investments
New York
$218K +$218K +4,285 New
AT
114
American Trust
Kentucky
$206K -$1.53K -30 -0.7%
Fifth Third Bancorp
115
Fifth Third Bancorp
Ohio
$195K +$38.2K +750 +24%
MCM
116
MAI Capital Management
Ohio
$192K +$192K +3,777 New
NA
117
NewEdge Advisors
Louisiana
$157K +$157K +3,088 New
Carson Wealth (CWM LLC)
118
Carson Wealth (CWM LLC)
Nebraska
$125K -$11K -216 -8%
SWM
119
SHP Wealth Management
Massachusetts
$100K +$101K +1,975 New
PTC
120
Private Trust Company
Ohio
$73.9K – – –
GRP
121
Global Retirement Partners
California
$32.7K +$32.8K +644 New
SS
122
Sunbelt Securities
Texas
$30K – – –
EW
123
Elyxium Wealth
California
$17.3K -$775K -15,225 -98%
SEP
124
Signature Equity Partners
Ohio
$17.1K +$17.2K +337 New
Northwestern Mutual Wealth Management
125
Northwestern Mutual Wealth Management
Wisconsin
$12.3K – – –
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.