# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-003485
**Filing Date:** 2025-11
**Character Count:** 17351
**Document Hash:** d5f09c3a91c33ecc48d3b7bd7aceb6fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003485.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000910472-25-003485

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 251497789

**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:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### The Biondo Focus Fund (Series ID: S000027935)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000084903 | The Biondo Focus Fund Investor Class | BFONX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.6%** |  |
|  | **BIOTECH & PHARMA - 4.8%** |  |
| 7500 | Krystal Biotech, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1323975 |
| 10000 | TransMedics Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1122000 |
|  |  | &nbsp;&nbsp; 2445975 |
|  | **E-COMMERCE DISCRETIONARY - 4.5%** |  |
| 10500 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2305485 |
|  | **INTERNET MEDIA & SERVICES - 4.9%** |  |
| 10250 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 2491775 |
|  | **MEDICAL EQUIPMENT & DEVICES - 17.9%** |  |
| 3750 | IDEXX Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2395838 |
| 13500 | Intuitive Surgical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6037605 |
| 20000 | PROCEPT BioRobotics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 713800 |
|  |  | &nbsp;&nbsp; 9147243 |
|  | **SEMICONDUCTORS - 22.2%** |  |
| 2500 | ASML Holding N.V. - ADR | &nbsp;&nbsp;&nbsp; 2420225 |
| 47500 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 8862550 |
|  |  | &nbsp;&nbsp; 11282775 |
|  | **SOFTWARE - 14.5%** |  |
| 4500 | Adobe, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1587375 |
| 9500 | Atlassian Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1517150 |
| 2250 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2070630 |
| 15000 | Shopify, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2229150 |
|  |  | &nbsp;&nbsp; 7404305 |
|  | **TECHNOLOGY HARDWARE - 6.3%** |  |
| 12500 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 3182875 |
|  | **TECHNOLOGY SERVICES - 21.5%** |  |
| 27500 | Block, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1987425 |
| 1250 | Fair Isaac Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1870663 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** | **BIONDO FOCUS FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  |  |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 96.6% (Continued)** | **COMMON STOCKS — 96.6% (Continued)** | **COMMON STOCKS — 96.6% (Continued)** |  |  |  |
|  | **TECHNOLOGY SERVICES - 21.5% (Continued)** | **TECHNOLOGY SERVICES - 21.5% (Continued)** | **TECHNOLOGY SERVICES - 21.5% (Continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12500 | Mastercard, Inc., Class A |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7110124 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; 10968212 |
|  | **TOTAL COMMON STOCKS (Cost $16,554,598)** | **TOTAL COMMON STOCKS (Cost $16,554,598)** | **TOTAL COMMON STOCKS (Cost $16,554,598)** |  |  | &nbsp;&nbsp; $49228645 |
|  | **RIGHTS — 0.0%<sup>(b)</sup>** | **RIGHTS — 0.0%<sup>(b)</sup>** | **RIGHTS — 0.0%<sup>(b)</sup>** |  |  |  |
|  | **MEDICAL EQUIPMENT & DEVICES – 0.0%<sup>(b)</sup>** | **MEDICAL EQUIPMENT & DEVICES – 0.0%<sup>(b)</sup>** | **MEDICAL EQUIPMENT & DEVICES – 0.0%<sup>(b)</sup>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18500 | ABIOMED, Inc. – CVR<sup>(a)(c)(d)</sup> | ABIOMED, Inc. – CVR<sup>(a)(c)(d)</sup> | ABIOMED, Inc. – CVR<sup>(a)(c)(d)</sup> |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **-** |
|  | **TOTAL RIGHTS (Cost $59,570)** | **TOTAL RIGHTS (Cost $59,570)** | **TOTAL RIGHTS (Cost $59,570)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **-** |
|  | **SHORT-TERM INVESTMENT — 0.3%** | **SHORT-TERM INVESTMENT — 0.3%** | **SHORT-TERM INVESTMENT — 0.3%** |  |  |  |
|  | **MONEY MARKET FUND - 0.3%** | **MONEY MARKET FUND - 0.3%** | **MONEY MARKET FUND - 0.3%** |  |  |  |
| 130230 | First American Treasury Obligations Fund, Class X, 4.02%<sup>(e)</sup><br> (Cost $130,230) | First American Treasury Obligations Fund, Class X, 4.02%<sup>(e)</sup><br> (Cost $130,230) |  |  |  | &nbsp;&nbsp;&nbsp; 130230 |
|  | **TOTAL INVESTMENTS - 96.9% (Cost $16,744,398)** | **TOTAL INVESTMENTS - 96.9% (Cost $16,744,398)** | **TOTAL INVESTMENTS - 96.9% (Cost $16,744,398)** |  |  | &nbsp;&nbsp;&nbsp; $49358875 |
|  | **WRITTEN EQUITY OPTIONS - (1.5)% (Premiums received - $702,872)** | **WRITTEN EQUITY OPTIONS - (1.5)% (Premiums received - $702,872)** | **WRITTEN EQUITY OPTIONS - (1.5)% (Premiums received - $702,872)** |  |  | &nbsp;&nbsp;&nbsp; (771500) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 4.6%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 4.6%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 4.6%** |  |  | &nbsp;&nbsp; 2320691 |
|  | **NET ASSETS - 100.0%** |  |  |  |  | &nbsp;&nbsp; $50908066 |
| **Contracts<sup>(f)</sup>** |  |  |  |  |  |  |
|  | **WRITTEN EQUITY OPTIONS - (1.5)%** | **Broker/Counterparty** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **CALL OPTIONS WRITTEN - (1.5)%** | **CALL OPTIONS WRITTEN - (1.5)%** | **CALL OPTIONS WRITTEN - (1.5)%** |  |  |  |
| 50 | Mastercard, Inc. | Cowen | 01/16/2026 | $575 | &nbsp;&nbsp;&nbsp; $(2875000) | &nbsp;&nbsp;&nbsp; $(132500) |
| 150 | NVIDIA Corporation | Cowen | 01/16/2026 | 150 | &nbsp;&nbsp;&nbsp; (2250000) | &nbsp;&nbsp;&nbsp; (639000) |
|  | **TOTAL CALL OPTIONS WRITTEN** (Premiums received - $702,872) | **TOTAL CALL OPTIONS WRITTEN** (Premiums received - $702,872) | **TOTAL CALL OPTIONS WRITTEN** (Premiums received - $702,872) | **TOTAL CALL OPTIONS WRITTEN** (Premiums received - $702,872) |  | &nbsp;&nbsp; (771500) |
|  | **TOTAL WRITTEN EQUITY OPTIONS** (Premiums received - $702,872) | **TOTAL WRITTEN EQUITY OPTIONS** (Premiums received - $702,872) | **TOTAL WRITTEN EQUITY OPTIONS** (Premiums received - $702,872) |  |  | &nbsp;&nbsp; $(771500) |

---

ADR - American Depositary Receipt <br> CVR - Contingent Value Right <br> N.V. - Naamioze Vennootschap

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Percentage rounds to less than 0.1%.

<sup>(c)</sup> Illiquid security.

<sup>(d)</sup> Valued using unobservable inputs and fair valued by the Advisor.

<sup>(e)</sup> Rate disclosed is the seven day effective yield as of September 30, 2025.

<sup>(f)</sup> Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

## 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

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

- **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:** Biondo Focus Fund

- **b. EDGAR series identifier (if any):** S000027935

- **c. LEI of Series:** 549300SJMCY9MF97KL08

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $51822937.93

**Total Liabilities:** $914872.07

**Net Assets:** $50908065.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084903 | -1.20%               | 2.71%                | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-488471.50                                |
| Month 2  | $-44065.46               | $1417375.50                                |
| Month 3  | $1627467.48              | $-644169.74                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adobe Inc                 | ADOBE INC             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4500 | NS      | $1587375.00   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.             | ALPHABET INC-A        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10250 | NS      | $2491775.00   | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc. | FIRST AM-TR OB-X      | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    130230 | PA      | $130229.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp. | PROCEPT BIOROBOT      | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $713800.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc       | KRYSTAL BIOTECH       | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      7500 | NS      | $1323975.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.   | INTUITIVE SURGIC      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     13500 | NS      | $6037605.00   | 11.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                | APPLE INC             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     12500 | NS      | $3182875.00   | 6.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.          | AMAZON.COM INC        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     10500 | NS      | $2305485.00   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation    | FAIR ISAAC CORP       | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1250 | NS      | $1870662.50   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc               | SHOPIFY INC - A       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     15000 | NS      | $2229150.00   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated   | MASTERCARD INC-A      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     12500 | NS      | $7110125.00   | 13.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                 | BLOCK INC             | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     27500 | NS      | $1987425.00   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.   | IDEXX LABS            | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3750 | NS      | $2395837.50   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.              | NVIDIA CORP           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     47500 | NS      | $8862550.00   | 17.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation     | ATLASSIAN CORP-A      | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      9500 | NS      | $1517150.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.         | ASML HOLDING-NY       | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2500 | NS      | $2420225.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | NVDA US 01/16/26 C150 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -150 | NC      | $-639000.00   | -1.26%            |  |  |  | No            |                  2 | On Loan: No      |
| ABIOMED, INC.             | ABIOMED INC -CVR      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     18500 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TransMedics Group Inc.    | TRANSMEDICS GROU      | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     10000 | NS      | $1122000.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | MA US 01/16/26 C575   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-132500.00   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Servicenow Inc            | SERVICENOW INC        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2250 | NS      | $2070630.00   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** Northern Lights Fund Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer