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VictoryShares Free Cash Flow ETF
VFLO

251 hedge funds and large institutions have $4.75B invested in VictoryShares Free Cash Flow ETF in 2025 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 122 increasing their positions, 72 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 12

69% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 72

19.42% more ownership

Funds ownership: 66.18% → 85.6% (+19%)

15% more capital invested

Capital invested by funds: $4.14B → $4.75B (+$610M)

11% more funds holding

Funds holding: 226 → 251 (+25)

5% less funds holding in top 10

Funds holding in top 10: 19 → 18 (-1)

Holders
251
Holders Change
+25
Holders Change %
+11.06%
% of All Funds
3.05%
Holding in Top 10
18
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.26%
% of All Funds
0.22%
New
40
Increased
122
Reduced
72
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$82.8M
2
LPL Financial
LPL Financial
California
+$47.9M
3
Bank of America
Bank of America
North Carolina
+$36.3M
4
Wells Fargo
Wells Fargo
California
+$35.3M
5
Raymond James Financial
Raymond James Financial
Florida
+$30.3M

Top Sellers

1
AAS
Annex Advisory Services
Wisconsin
-$54.5M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$40.4M
3
CCWM
Correct Capital Wealth Management
Missouri
-$17.7M
4
Two Sigma Investments
Two Sigma Investments
New York
-$16.7M
5
BCMIO
Beacon Capital Management Inc (Ohio)
Ohio
-$8.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
HPC
226
HM Payson & Co
Maine
$97.5K +$55.6K +1,450 +141%
SAG
227
SageView Advisory Group
California
$73.3K +$71.4K +1,861 New
SGFG
228
Silver Grove Financial Group
New York
$59.6K +$58.1K +1,514 New
GTAM
229
Global Trust Asset Management
Florida
$55.1K – – –
Q1WB
230
Quest 10 Wealth Builders
Virginia
$53.4K -$1.57K -41 -3%
ZBNA
231
Zions Bancorporation, National Association
Utah
$52.5K +$51.1K +1,333 New
MEG
232
Millstone Evans Group
Colorado
$46.4K – – –
AssetMark Inc
233
AssetMark Inc
California
$29.5K -$17.4K -453 -38%
WG
234
Wellington Group
Indiana
$25.5K +$24.8K +647 New
CA
235
Clearstead Advisors
Ohio
$25.3K +$38 +1 +0.2%
KFG
236
Kingdom Financial Group
Arizona
$25.3K +$24.6K +642 New
BTI
237
Blue Trust Inc
Georgia
$22.6K +$22.1K +575 New
SL
238
Salomon & Ludwin
Virginia
$12K +$11.6K +302 New
BGAI
239
Bruce G. Allen Investments
Colorado
$10.5K – – –
IA
240
IFP Advisors
Florida
$9.14K – – –
MA
241
MCF Advisors
Kentucky
$7.01K -$59.6K -1,555 -90%
DCM
242
Davis Capital Management
Florida
$5.04K – – –
US Bancorp
243
US Bancorp
Minnesota
$4.57K +$4.45K +116 New
PGAM
244
Princeton Global Asset Management
New Jersey
$4.45K +$4.33K +113 New
Carson Wealth (CWM LLC)
245
Carson Wealth (CWM LLC)
Nebraska
$4K -$1.04K -27 -20%
AA
246
Ancora Advisors
Ohio
$2.64K – – –
DFA
247
DHJJ Financial Advisors
Illinois
$2.25K – – –
FCAS
248
First Command Advisory Services
Texas
$2.05K – – –
NA
249
Networth Advisors
Pennsylvania
$1.85K +$1.8K +47 New
GI
250
GAMMA Investing
California
$1.06K -$2.03K -53 -66%
7 8 9
10
11

VFLO Hedge Fund Activity: Q4 2025 in Review

251 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in VictoryShares Free Cash Flow ETF (VFLO) for Q4 2025, worth a combined $4.75B — up 15% from $4.14B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new VFLO positions and 12 closed out — a net gain of 28 holders — while 122 added to existing stakes and 72 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $82.8M. The largest seller was Annex Advisory Services, cutting an estimated $54.5M.

  • 251 institutional investors held VictoryShares Free Cash Flow ETF (VFLO) as of Q4 2025, up from 226 in Q3 2025.
  • Funds reported $4.75B of VictoryShares Free Cash Flow ETF stock for Q4 2025, up 15% quarter-over-quarter.
  • 40 funds opened new VictoryShares Free Cash Flow ETF positions in Q4 2025 and 12 closed out, a net change of +28 holders.
  • The largest VictoryShares Free Cash Flow ETF buyer in Q4 2025 was Morgan Stanley, an estimated $82.8M added.
  • The largest VictoryShares Free Cash Flow ETF seller in Q4 2025 was Annex Advisory Services, an estimated $54.5M sold.

Based on aggregated 13F filings for Q4 2025.