VICTORY PORTFOLIOS II

Ticker: VSMV CUSIP: 92647N691 Class: VICTORYSHS US

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
GREAT VALLEY ADVISOR GROUP, INC.864,751$47,792
Tower Wealth Partners, Inc.417,579$23,078
VICTORY CAPITAL MANAGEMENT INC331,712$18,333
GOLDMAN SACHS GROUP INC223,455$12,350
MORGAN STANLEY147,789$8,168
ROYAL BANK OF CANADA96,722$5,346
LPL Financial LLC69,400$3,836
RAYMOND JAMES FINANCIAL INC45,681$2,525
SUSQUEHANNA INTERNATIONAL GROUP, LLP42,479$2,348
CITADEL ADVISORS LLC42,242$2,335
TWO SIGMA INVESTMENTS, LP40,831$2,257
BANK OF AMERICA CORP /DE/31,084$1,718
Trilogy Capital Inc.23,454$1,296
Sovereign Financial Group, Inc.17,727$980
Dakota Wealth Management10,345$572
TRUIST FINANCIAL CORP8,329$460
One Degree Advisors Inc8,181$0
COMMONWEALTH EQUITY SERVICES, LLC7,762$429
Private Advisor Group, LLC6,364$352
Valley Financial Group, Inc.3,968$219
Cambridge Investment Research Advisors, Inc.3,785$0
Global Retirement Partners, LLC2,917$161
Steward Partners Investment Advisory, LLC1,250$69
Rockefeller Capital Management L.P.1,154$64
OSAIC HOLDINGS, INC.800$44
FMR LLC175$10
WELLS FARGO & COMPANY/MN82$5
UBS Group AG4$0
SUMMIT SECURITIES GROUP LLC1$0
Total (29 institutions)2,450,023$134,745