VictoryShares Free Cash Flow

VFLO • NASDAQ

VictoryShares Free Cash Flow is an exchange-traded fund on NASDAQ. As of Q3 2025, 221 institutional investors hold shares in this ETF, with total holdings valued at $4.1B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $507.4M.

Overview

Overview of institutional ownership in VFLO as of Q3 2025

All Institutions

Institutions: 221
Value Held: $4.1B
Shares Held: 109.4M
Avg Position: $18.6M
Median Position: $1.8M

Hedge Funds

Hedge Funds: 6
Value Held: $49.6M
Shares Held: 1.3M
Avg Position: $8.3M
Median Position: $2.3M

Biggest Investors

Institutions with the largest positions in VFLO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$507.4M 0.04% of portfolio	13.5M shares	Q1 2024 Held for 1y 8m	$1.33T
L LPL Financial LLC Institution	-	$413.6M 0.12% of portfolio	11.0M shares	Q1 2024 Held for 1y 8m	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$366.5M 0.02% of portfolio	9.8M shares	Q1 2024 Held for 1y 8m	$1.65T
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$252.8M 0.17% of portfolio	6.7M shares	Q3 2024 Held for 1y 2m	$149.83B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$198.9M 0.04% of portfolio	5.3M shares	Q3 2024 Held for 1y 2m	$488.50B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$158.9M 0.05% of portfolio	4.2M shares	Q4 2024 Held for 11 months	$310.43B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$151.9M 0.10% of portfolio	4.1M shares	Q2 2023 Held for 2y 5m	$158.22B
Hanson McClain, Inc. RIA/Wealth	Brooks Frederick Burgum Managing Partner	$131.7M 0.58% of portfolio	3.5M shares	Q4 2024 Held for 11 months	$22.6B
UBS Group AG Institution	Sergio P. Ermotti CEO	$115.3M 0.02% of portfolio	3.1M shares	Q4 2024 Held for 11 months	$511.54B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$107.1M 0.12% of portfolio	2.9M shares	Q2 2024 Held for 1y 5m	$87.7B

Net Capital Flow

Institutional buying and selling activity for VFLO in Q3 2025

Traded: +$244.5M
Buyers: 140
Sellers: 84
Total Bought: +$518.3M
Total Sold: −$273.8M
Avg Position: $17.2M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$62.4M +1.7M shares	$413.6M 11.0M shares
MORGAN STANLEY RIA/Wealth	+$61.6M +1.6M shares	$366.5M 9.8M shares
HighTower Advisors, LLC RIA/Wealth	+$44.8M +1.2M shares	$107.1M 2.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$34.2M +912.4K shares	$507.4M 13.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$32.8M +874.3K shares	$32.8M 874.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$30.4M +809.7K shares	$158.9M 4.2M shares
Modern Wealth Management, LLC RIA/Wealth	+$25.6M +682.1K shares	$63.6M 1.7M shares
Beacon Capital Management, Inc. RIA/Wealth	+$24.5M +652.9K shares	$24.5M 652.9K shares
WELLS FARGO & COMPANY/MN Institution	+$23.9M +637.3K shares	$198.9M 5.3M shares
UBS Group AG Institution	+$20.9M +557.8K shares	$115.3M 3.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
Hanson McClain, Inc. RIA/Wealth	−$119.7M −3.2M shares	$131.7M 3.5M shares
Miracle Mile Advisors, LLC RIA/Wealth	−$20.8M −553.9K shares	$81.7M 2.2M shares
A Annex Advisory Services, LLC Institution	−$13.4M −357.3K shares	$105.6M 2.8M shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	−$10.3M −274.3K shares	$31.7M 844.6K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$10.1M −269.2K shares	$31.3M 834.5K shares
Farther Finance Advisors, LLC RIA/Wealth	−$9.9M −263.4K shares	$3.6M 95.8K shares
CORRECT CAPITAL WEALTH MANAGEMENT RIA/Wealth	−$8.2M −218.5K shares	$35.1M 936.7K shares
Duncan Williams Asset Management, LLC RIA/Wealth	−$7.8M −221.5K shares	Sold Off 0 shares
Lifestyle Asset Management, Inc. RIA/Wealth	−$7.0M −196.9K shares	Sold Off 0 shares
P Patriot Financial Group Insurance Agency, LLC Institution	−$6.0M −171.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited VFLO in Q3 2025

New Positions: 29
New Value: $100.8M
Exited Positions: 17
Exited Value: $32.2M

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$32.8M 874.3K shares
Beacon Capital Management, Inc. RIA/Wealth	$24.5M 652.9K shares
Summit Financial, LLC RIA/Wealth	$14.9M 397.8K shares
Hudock Moyer Wealth Resources, LLC RIA/Wealth	$9.5M 253.0K shares
M MAGNOLIA CAPITAL ADVISORS LLC Institution	$5.4M 143.7K shares
Sunbelt Securities, Inc. RIA/Wealth	$4.7M 125.9K shares
Axis Wealth Partners, LLC RIA/Wealth	$2.5M 67.5K shares
G GTS SECURITIES LLC Institution	$1.7M 45.9K shares
Creative Planning RIA/Wealth	$928.1K 24.7K shares
KINGSWOOD WEALTH ADVISORS, LLC RIA/Wealth	$643.1K 17.1K shares

Exited Positions

Institution	Previous Position
Duncan Williams Asset Management, LLC RIA/Wealth	$7.8M 221.5K shares
Lifestyle Asset Management, Inc. RIA/Wealth	$7.0M 196.9K shares
P Patriot Financial Group Insurance Agency, LLC Institution	$6.0M 171.0K shares
SimpliFi, Inc. RIA/Wealth	$4.7M 134.3K shares
RFG Advisory Group, LLC RIA/Wealth	$2.3M 66.3K shares
D L CARLSON INVESTMENT GROUP INC RIA/Wealth	$2.1M 60.4K shares
SMITH, MOORE & CO. RIA/Wealth	$1.4M 38.8K shares
Schwallier Wealth Management LLC RIA/Wealth	$259.9K 7.4K shares
WEDBUSH MORGAN SECURITIES INC RIA/Wealth	$226.1K 6.4K shares
Smith, Salley & Associates RIA/Wealth	$207.7K 5.9K shares

Options Activity

Institutions with the largest Call and Put options positions in VFLO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with VFLO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
TRAPHAGEN INVESTMENT ADVISORS LLC RIA/Wealth	James A. Lawrence Member	7.61% $86.6M	2.3M shares	Q3 2023 Held for 2y 2m	$1.1B
G Goldstein Advisors, LLC RIA/Wealth	Jon David Goldstein Partner	7.34% $60.4M	1.6M shares	Q1 2025 Held for 8 months	$822.7M
CORRECT CAPITAL WEALTH MANAGEMENT RIA/Wealth	Brian Isadore Pultman CEO	6.48% $35.1M	936.7K shares	Q4 2023 Held for 1y 11m	$542.0M
Vantage Financial Partners, LLC RIA/Wealth	William Matthew Mccormick CEO	6.27% $29.4M	784.5K shares	Q4 2024 Held for 11 months	$468.9M
Landmark Wealth Management, LLC RIA/Wealth	Joseph Michael Favorito Managing Partner	6.22% $15.5M	414.6K shares	Q2 2024 Held for 1y 5m	$249.8M
ADAPT WEALTH ADVISORS, LLC RIA/Wealth	Jake Thomas Bryant CEO	5.74% $14.9M	397.2K shares	Q4 2024 Held for 11 months	$259.7M
Financial Designs Corp RIA/Wealth	Nino Gabriel Pavan President	5.13% $8.4M	223.0K shares	Q4 2023 Held for 1y 11m	$164.4M
J J HAGAN CAPITAL, INC. RIA/Wealth	Jonathan Hagan Hicks CEO	4.17% $6.9M	183.0K shares	Q1 2025 Held for 8 months	$164.5M
A Atlas Wealth LLC Institution	-	3.83% $9.0M	240.2K shares	Q2 2025 Held for 5 months	$235.1M
RVW Wealth, LLC RIA/Wealth	Selwyn Gerber President	2.90% $37.1M	990.5K shares	Q2 2024 Held for 1y 5m	$1.3B

Hedge Fund Spotlight

Discover hedge funds investing in VFLO

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in VictoryShares Free Cash Flow

Market Value: $247.8K
Shares Held: 6.6K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%