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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$121M |
| 2 |
Morgan Stanley
New York
|
+$38M |
| 3 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$28.5M |
| 4 |
LPL Financial
San Diego,
California
|
+$9.14M |
| 5 |
AC
Apella Capital
West Hartford,
Connecticut
|
+$7.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPG
Cornerstone Planning Group
Fairfield,
New Jersey
|
-$12.5M |
| 2 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$7.45M |
| 3 |
Jane Street
New York
|
-$3.21M |
| 4 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$1.62M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCM
126
Versant Capital Management
Phoenix,
Arizona
| $510 | – | – | – |
|
127
AssetMark Inc
Concord,
California
| $255 | – | – | – |
|
128
Citigroup
New York
| $153 | -$51 | -1 | -25% |
|
129
Russell Investments Group
London,
United Kingdom
| $61 | +$51 | +1 | New |
|
|
130
Jane Street
New York
| – | -$3.21M | -63,206 | Closed |
|
|
FTUS
131
Flow Traders U.S.
New York
| – | -$1.13M | -22,240 | Closed |
|
132
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$680K | -13,375 | Closed |
|
|
QC
133
Quadrature Capital
London,
United Kingdom
| – | -$569K | -11,194 | Closed |
|
|
WI
134
Westbourne Investments
Arlington,
Virginia
| – | -$560K | -11,023 | Closed |
|
|
QFW
135
QTR Family Wealth
Lake Mary,
Florida
| – | -$226K | -4,446 | Closed |
|
|
NA
136
NewEdge Advisors
New Orleans,
Louisiana
| – | -$67.9K | -1,336 | Closed |
|
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.