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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
Victory Capital Management
1
Victory Capital Management
Texas
$272M +$753K +14,801 +0.3%
MFG
2
Merit Financial Group
Georgia
$132M +$8.55M +167,898 +7%
Morgan Stanley
3
Morgan Stanley
New York
$111M +$24.7M +486,138 +29%
Bank of America
4
Bank of America
North Carolina
$70.8M +$54.1K +1,063 +0.1%
LPL Financial
5
LPL Financial
California
$67.9M +$4.89M +96,021 +8%
AWA
6
Amplius Wealth Advisors
Pennsylvania
$39.1M +$343K +6,744 +0.9%
SFGP
7
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
$38.7M +$3.51M +69,053 +10%
CAL
8
Capital Analysts LLC
Pennsylvania
$28.6M -$14.9K -293 -0.1%
BWS
9
Broadway Wealth Solutions
Texas
$26.4M +$2.16M +42,427 +9%
MAM
10
Marquette Asset Management
Minnesota
$26.3M -$340K -6,680 -1%
WA
11
Waverly Advisors
Alabama
$21.6M +$1.81M +35,525 +9%
PAG
12
Private Advisor Group
New Jersey
$20.2M +$1.96M +38,559 +11%
Raymond James Financial
13
Raymond James Financial
Florida
$18.8M -$2.51M -49,289 -12%
M
14
MOTCO
Texas
$17.9M +$412K +8,103 +2%
EFL
15
ERn Financial LLC
Wisconsin
$16M +$727K +14,292 +5%
Wealth Enhancement Advisory Services
16
Wealth Enhancement Advisory Services
Minnesota
$14.7M -$10.9M -214,042 -43%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$13M +$1.62M +31,785 +14%
NPAN
18
Northeast Planning Associates NH
New Hampshire
$12.8M +$221K +4,344 +2%
Osaic Holdings
19
Osaic Holdings
Arizona
$12.6M -$110K -2,158 -0.9%
CPG
20
Cornerstone Planning Group
New Jersey
$12.5M +$12.5M +245,676 +58,494%
Stifel Financial
21
Stifel Financial
Missouri
$12.4M +$2.65M +52,008 +27%
RWA
22
Redhawk Wealth Advisors
Minnesota
$12.2M -$7.05M -138,413 -37%
UBS Group
23
UBS Group
Switzerland
$11.1M +$1.31M +25,791 +13%
HW
24
HORAN Wealth
Ohio
$11.1M -$54.6K -1,073 -0.5%
EWS
25
Evergreen Wealth Solutions
Pennsylvania
$11M +$8.74M +171,681 +383%
1
2 3 4 5

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.