# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-002810
**Filing Date:** 2026-2
**Character Count:** 23695
**Document Hash:** 98d9bef4882e8837b6ba345264395e25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002810.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002810

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 26683569

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Hodges Small Cap Growth Fund (Series ID: S000081359)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000244084 | Retail Class Shares        |  |
| C000244085 | Institutional Class Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6%** |  |
|  | **AEROSPACE & DEFENSE - 2.7%** |  |
| 90038 | Byrna Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1511738 |
| 35000 | Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2656850 |
|  |  | &nbsp;&nbsp; 4168588 |
|  | **APPAREL & TEXTILE PRODUCTS - 5.8%** |  |
| 90000 | Gildan Activewear, Inc. | &nbsp;&nbsp;&nbsp; 5621400 |
| 75000 | On Holding A.G.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3486000 |
|  |  | &nbsp;&nbsp; 9107400 |
|  | **BANKING - 9.8%** |  |
| 300000 | Banc of California, Inc. | &nbsp;&nbsp;&nbsp; 5787000 |
| 100000 | Bank OZK | &nbsp;&nbsp;&nbsp; 4602000 |
| 55000 | Texas Capital Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4979700 |
|  |  | &nbsp;&nbsp; 15368700 |
|  | **BIOTECH & PHARMA - 2.2%** |  |
| 52000 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3499600 |
|  | **CONSTRUCTION MATERIALS - 3.9%** |  |
| 30000 | Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp; 6200400 |
|  | **ELECTRICAL EQUIPMENT - 1.4%** |  |
| 7000 | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp; 2231460 |
|  | **ENGINEERING & CONSTRUCTION - 2.1%** |  |
| 50000 | Tutor Perini Corporation | &nbsp;&nbsp;&nbsp; 3351000 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.6%** |  |
| 33000 | US Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp; 2576970 |
|  | **HOME & OFFICE PRODUCTS - 4.2%** |  |
| 40000 | SharkNinja, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4476000 |
| 30000 | Whirlpool Corporation | &nbsp;&nbsp;&nbsp; 2164200 |
|  |  | &nbsp;&nbsp; 6640200 |
|  | **HOME CONSTRUCTION - 2.6%** |  |
| 70000 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4120900 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6% (Continued)** |  |
|  | **INSURANCE - 2.7%** |  |
| 23000 | Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; $4203710 |
|  | **LEISURE FACILITIES & SERVICES – 4.5%** |  |
| 83000 | Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1928920 |
| 150000 | First Watch Restaurant Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2262000 |
| 17500 | Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp; 2905000 |
|  |  | &nbsp;&nbsp; 7095920 |
|  | **OIL & GAS PRODUCERS – 10.1%** |  |
| 175000 | Matador Resources Company | &nbsp;&nbsp;&nbsp; 7427000 |
| 300000 | Permian Resources Corporation | &nbsp;&nbsp;&nbsp; 4209000 |
| 15000 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; 4308300 |
|  |  | &nbsp;&nbsp; 15944300 |
|  | **RETAIL - DISCRETIONARY - 9.0%** |  |
| 80000 | Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp; 3996800 |
| 100000 | Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp; 2284000 |
| 6500 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp; 2556450 |
| 17500 | RH<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3135125 |
| 135000 | Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp; 2278800 |
|  |  | &nbsp;&nbsp; 14251175 |
|  | **SEMICONDUCTORS - 7.6%** |  |
| 22000 | IPG Photonics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1575200 |
| 240000 | MaxLinear, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4183200 |
| 43000 | Semtech Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3168670 |
| 26000 | Tower Semiconductor Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3052920 |
|  |  | &nbsp;&nbsp; 11979990 |
|  | **SOFTWARE – 7.2%** |  |
| 140000 | Alkami Technology, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3229800 |
| 550000 | Genius Sports Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6061000 |
| 32500 | Life360, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2084550 |
|  |  | &nbsp;&nbsp; 11375350 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** | **HODGES SMALL CAP GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6% (Continued)** |  |
|  | **STEEL – 8.4%** |  |
| 7000 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; $2203880 |
| 470000 | Cleveland-Cliffs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6241600 |
| 70000 | Commercial Metals Company | &nbsp;&nbsp;&nbsp; 4845400 |
|  |  | &nbsp;&nbsp; 13290880 |
|  | **TECHNOLOGY HARDWARE - 4.4%** |  |
| 90000 | Aviat Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1924200 |
| 120000 | Knowles Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2571600 |
| 17000 | Plexus Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2499000 |
|  |  | &nbsp;&nbsp; 6994800 |
|  | **TECHNOLOGY SERVICES - 5.1%** |  |
| 700000 | Terawulf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8043000 |
|  | **TRANSPORTATION & LOGISTICS - 4.2%** |  |
| 30000 | Kirby Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3305400 |
| 190000 | Navigator Holdings Ltd. | &nbsp;&nbsp;&nbsp; 3290800 |
|  |  | &nbsp;&nbsp; 6596200 |
|  | **TOTAL COMMON STOCKS (Cost $100,759,392)** | &nbsp;&nbsp; 157040543 |
|  | **SHORT-TERM INVESTMENTS — 0.2%** |  |
|  | **MONEY MARKET FUNDS - 0.2%** |  |
| 282403 | First American Treasury Obligations Fund, Class X, 3.68% (Cost $282,403)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 282403 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $101,041,795)** | &nbsp;&nbsp;&nbsp; $157322946 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%** | &nbsp;&nbsp; 284394 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $157607340 |

---

---

| | |
|:---|:---|
| Ltd. | - Limited Company |
| REIT | - Real Estate Investment Trust |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Hodges Small Cap Fund

- **b. EDGAR series identifier (if any):** S000081359

- **c. LEI of Series:** 529900MI19LLAZI4CG58

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $157977560.54

**Total Liabilities:** $370220.27

**Net Assets:** $157607340.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244084 | -2.07%               | 2.86%                | -1.56%               |
| Class ID C000244085 | -2.02%               | 2.88%                | -1.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $112696.16               | $-3363569.43                               |
| Month 2  | $3870801.08              | $591413.16                                 |
| Month 3  | $2809386.04              | $-5161485.17                               |

### Schedule of Portfolio Investments

| Name                                      | Title            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Sports and Outdoors Inc           | ACADEMY SPORTS & | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     80000 | NS      | $3996800.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                    | ALKAMI TECHNOLOG | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |    140000 | NS      | $3229800.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.                       | AVIAT NETWORKS I | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     90000 | NS      | $1924200.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                   | BANC OF CALIFORN | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    300000 | NS      | $5787000.00   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                  | BANK OZK         | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    100000 | NS      | $4602000.00   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Byrna Technologies Inc.                   | BYRNA TECHNOLOGI | CUSIP: 12448X201<br>LEI: 529900SOEI1AVJ951E85 | Long             | EC               | CORP              | US        |     90038 | NS      | $1511738.02   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation          | CARPENTER TECH   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      7000 | NS      | $2203880.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.                    | CINEMARK HOLDING | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     83000 | NS      | $1928920.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                      | CLEVELAND-CLIFFS | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    470000 | NS      | $6241600.00   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                 | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     70000 | NS      | $4845400.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | EAGLE MATERIALS  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     30000 | NS      | $6200400.00   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.                | ETHAN ALLEN      | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $2284000.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                 | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    282403 | PA      | $282403.18    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc          | FIRST WATCH REST | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150000 | NS      | $2262000.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.                    | GILDAN ACTIVEWEA | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     90000 | NS      | $5621400.00   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                  | GROUP 1 AUTOMOTI | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      6500 | NS      | $2556450.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                 | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     52000 | NS      | $3499600.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.         | HANOVER INSURANC | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     23000 | NS      | $4203710.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                        | IPG PHOTONICS    | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     22000 | NS      | $1575200.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | KIRBY CORP       | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     30000 | NS      | $3305400.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                       | KNOWLES CORP     | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    120000 | NS      | $2571600.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | KRATOS DEFENSE & | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     35000 | NS      | $2656850.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc.                              | LIFE360 INC      | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     32500 | NS      | $2084550.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                 | MATADOR RESOURCE | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    175000 | NS      | $7427000.00   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                             | MAXLINEAR        | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    240000 | NS      | $4183200.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | PERMIAN RESOURCE | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    300000 | NS      | $4209000.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                               | PLEXUS CORP      | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     17000 | NS      | $2499000.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                    | POWELL INDS INC  | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      7000 | NS      | $2231460.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                        | RH               | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     17500 | NS      | $3135125.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                       | SEMTECH CORP     | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     43000 | NS      | $3168670.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                         | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135000 | NS      | $2278800.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | TAYLOR MORRISON  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     70000 | NS      | $4120900.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                              | TERAWULF INC     | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    700000 | NS      | $8043000.00   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.            | TEXAS CAPITAL BA | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     55000 | NS      | $4979700.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation            | TEXAS PACIFIC LA | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $4308300.00   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | TEXAS ROADHOUS   | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     17500 | NS      | $2905000.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                  | TUTOR PERINI COR | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     50000 | NS      | $3351000.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                   | US PHYSICAL THER | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     33000 | NS      | $2576970.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                           | WHIRLPOOL CORP   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     30000 | NS      | $2164200.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd.                        | GENIUS SPORTS LT | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    550000 | NS      | $6061000.00   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                           | SHARKNINJA INC   | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40000 | NS      | $4476000.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                             | ON HOLDING AG-A  | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     75000 | NS      | $3486000.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited               | TOWER SEMICONDCT | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     26000 | NS      | $3052920.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.                   | NAVIGATOR HOLDIN | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    190000 | NS      | $3290800.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer