Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB
135 hedge funds and large institutions have $1.4B invested in Victory Portfolios II VictoryShares Short-Term Bond ETF in 2025 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 75 increasing their positions, 29 reducing their positions, and 13 closing their positions.
438% more capital inflows, than outflows
Capital inflows: $224M | Capital outflows: $41.6M
159% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 29
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
4% more funds holding
Funds holding: 130 → 135 (+5)
3.39% more ownership
Funds ownership: 77.34% → 80.73% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.7M |
| 2 |
Cornerstone Planning Group
Fairfield,
New Jersey
|
+$12.5M |
| 3 |
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
+$10.7M |
| 4 |
Evergreen Wealth Solutions
Williamsport,
Pennsylvania
|
+$8.74M |
| 5 |
Merit Financial Group
Alpharetta,
Georgia
|
+$8.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$10.9M |
| 2 |
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$7.05M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.67M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$4.04M |
| 5 |
Synergy Asset Management
Vancouver,
Washington
|
-$2.75M |
USTB Hedge Fund Activity: Q4 2025 in Review
135 of the 8,303 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 $1.4B — up 15% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new USTB positions and 13 closed out — a net gain of 7 holders — while 75 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.
- 135 institutional investors held Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) as of Q4 2025, up from 130 in Q3 2025.
- Funds reported $1.4B of Victory Portfolios II VictoryShares Short-Term Bond ETF stock for Q4 2025, up 15% quarter-over-quarter.
- 20 funds opened new Victory Portfolios II VictoryShares Short-Term Bond ETF positions in Q4 2025 and 13 closed out, a net change of +7 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.