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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
KWA
151
Kingswood Wealth Advisors
California
$764K +$86.1K +2,245 +13%
YIH
152
Y-Intercept (HK)
Hong Kong
$763K +$140K +3,645 +23%
Brown Advisory
153
Brown Advisory
Maryland
$753K – – –
LCWP
154
Legacy Capital Wealth Partners
Arkansas
$751K -$50.3K -1,312 -6%
MW
155
Maia Wealth
Colorado
$736K +$710K +18,505 New
KPWS
156
Kestra Private Wealth Services
Texas
$719K +$199K +5,181 +40%
SFWA
157
Summit Financial Wealth Advisors
Louisiana
$711K -$38.2K -995 -5%
MC
158
Moors & Cabot
Massachusetts
$694K +$184K +4,802 +37%
DC
159
Davenport & Co
Virginia
$677K +$5.75K +150 +0.9%
Natixis Advisors
160
Natixis Advisors
Massachusetts
$674K +$656K +17,116 New
SVWAG
161
Sound View Wealth Advisors Group
Georgia
$671K +$123K +3,208 +23%
CG
162
Caprock Group
Idaho
$668K +$219K +5,708 +51%
VWA
163
Visionary Wealth Advisors
Illinois
$663K +$98.4K +2,565 +18%
SWM
164
SHP Wealth Management
Massachusetts
$660K +$643K +16,759 New
TFS
165
Thoroughbred Financial Services
Tennessee
$618K +$47.3K +1,233 +9%
AWM
166
Axxcess Wealth Management
California
$590K -$2.19K -57 -0.4%
IF
167
Intrua Financial
Texas
$551K +$78.2K +2,040 +17%
JCM
168
Jacobi Capital Management
Pennsylvania
$537K -$7.79K -203 -1%
YWM
169
Yukon Wealth Management
Kansas
$526K -$540K -14,077 -52%
SAM
170
Secure Asset Management
Michigan
$524K -$252K -6,579 -33%
AV
171
Aspiring Ventures
Ohio
$524K +$510K +13,300 New
PTC
172
Private Trust Company
Ohio
$523K +$23K +600 +5%
BRWA
173
B. Riley Wealth Advisors
Florida
$484K +$114K +2,981 +32%
SFG
174
Sowa Financial Group
Rhode Island
$482K +$153 +4 +0%
AFG
175
Atomi Financial Group
New York
$480K -$24.9K -649 -5%
5 6
7
8 9

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.