Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB
130 hedge funds and large institutions have $1.22B 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, 79 increasing their positions, 21 reducing their positions, and 7 closing their positions.
846% more capital inflows, than outflows
Capital inflows: $294M | Capital outflows: $31.1M
276% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 21
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
7% more funds holding
Funds holding: 122 → 130 (+8)
3.13% more ownership
Funds ownership: 74.21% → 77.34% (+3.1%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Merit Financial Group
Alpharetta,
Georgia
|
+$121M |
| 2 |
Morgan Stanley
New York
|
+$38M |
| 3 |
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$28.5M |
| 4 |
LPL Financial
San Diego,
California
|
+$9.14M |
| 5 |
Apella Capital
West Hartford,
Connecticut
|
+$7.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cornerstone Planning Group
Fairfield,
New Jersey
|
-$12.5M |
| 2 |
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$7.45M |
| 3 |
Jane Street
New York
|
-$3.21M |
| 4 |
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$1.62M |
| 5 |
Flow Traders U.S.
New York
|
-$1.13M |
USTB Hedge Fund Activity: Q3 2025 in Review
130 of the 7,656 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 $1.22B — up 27% from $956M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new USTB positions and 7 closed out — a net gain of 12 holders — while 79 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.
- 130 institutional investors held Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) as of Q3 2025, up from 122 in Q2 2025.
- Funds reported $1.22B 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.