VICTORY PORTFOLIOS II

Ticker: GLOW CUSIP: 92647X798 Class: VICTORYSHARES WE

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

Value ($000) $24 Shares 782,955

KESTRA PRIVATE WEALTH SERVICES, LLC

Value ($000) $1,065 Shares 34,536

RAYMOND JAMES FINANCIAL INC

Value ($000) $534 Shares 17,302

DAVENPORT & Co LLC

Value ($000) $223 Shares 7,227

JANE STREET GROUP, LLC

Value ($000) $237 Shares 7,678

Value ($000) $3 Shares 108

Institution	Shares	Value ($000)
CWM, LLC	782,955	$24
KESTRA PRIVATE WEALTH SERVICES, LLC	34,536	$1,065
RAYMOND JAMES FINANCIAL INC	17,302	$534
DAVENPORT & Co LLC	7,227	$223
JANE STREET GROUP, LLC	7,678	$237
UBS Group AG	108	$3

Increased Positions (3)

Sanctuary Advisors, LLC

Value ($000) $1,065 (+122.0%) Shares 34,552 (+103.9%)

CARY STREET PARTNERS FINANCIAL LLC

Value ($000) $262 (+24.2%) Shares 8,490 (+21.5%)

ROYAL BANK OF CANADA

Value ($000) $98 (+4800.0%) Shares 3,184 (+4514.5%)

Institution	Prev Shares	Curr Shares	Change
Sanctuary Advisors, LLC	16,946	34,552	+17,606 (+103.9%)
CARY STREET PARTNERS FINANCIAL LLC	6,990	8,490	+1,500 (+21.5%)
ROYAL BANK OF CANADA	69	3,184	+3,115 (+4514.5%)

Decreased Positions (1)

Coastal Bridge Advisors, LLC

Value ($000) $343 (-10.9%) Shares 11,117 (-12.9%)

Institution	Prev Shares	Curr Shares	Change
Coastal Bridge Advisors, LLC	12,766	11,117	-1,649 (-12.9%)

Exited Positions (2)

CITADEL ADVISORS LLC

Value ($000) $232 Shares 7,704

BANK OF AMERICA CORP /DE/

Value ($000) $2 Shares 55

Institution	Prev Shares	Prev Value ($000)
CITADEL ADVISORS LLC	7,704	$232
BANK OF AMERICA CORP /DE/	55	$2