# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-000472
**Filing Date:** 2025-8
**Character Count:** 23727
**Document Hash:** b9ab2a06025b2da7a8a17a2b9c8d0f03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000472.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000910472-25-000472

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250828

**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:** 251275028

**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 Fund (Series ID: S000081358)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000244083 | Retail Class |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES FUND** | **HODGES FUND** | **HODGES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 91.5%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 4.0%** |  |
| 150000 | On Holding A.G.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $7807500 |
|  | **AUTOMOTIVE - 2.5%** |  |
| 15000 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4764900 |
|  | **BANKING - 2.2%** |  |
| 300000 | Banc of California, Inc. | &nbsp;&nbsp;&nbsp; 4215000 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.1%** |  |
| 170000 | GEO Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4071500 |
|  | **CONSTRUCTION MATERIALS - 4.4%** |  |
| 35000 | CRH PLC | &nbsp;&nbsp;&nbsp; 3213000 |
| 15000 | Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp; 3031650 |
| 16000 | Owens Corning | &nbsp;&nbsp;&nbsp; 2200320 |
|  |  | &nbsp;&nbsp; 8444970 |
|  | **E-COMMERCE DISCRETIONARY - 1.9%** |  |
| 1000000 | Stitch Fix, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3700000 |
|  | **ELECTRICAL EQUIPMENT - 2.7%** |  |
| 25000 | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp; 5261250 |
|  | **HOME & OFFICE PRODUCTS - 5.1%** |  |
| 100000 | SharkNinja, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9899000 |
|  | **INTERNET MEDIA & SERVICES - 7.2%** |  |
| 150000 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13995000 |
|  | **LEISURE FACILITIES & SERVICES - 9.4%** |  |
| 225000 | DraftKings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9650250 |
| 250000 | Genius Sports Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2600000 |
| 300000 | Portillo's, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3501000 |
| 25000 | Wynn Resorts Ltd. | &nbsp;&nbsp;&nbsp; 2341750 |
|  |  | &nbsp;&nbsp; 18093000 |

---

---

| | | |
|:---|:---|:---|
| **HODGES FUND** | **HODGES FUND** | **HODGES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 91.5% (Continued)** |  |
|  | **METALS & MINING - 6.5%** |  |
| 600000 | Cleveland-Cliffs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $4560000 |
| 185000 | Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp; 8019750 |
|  |  | &nbsp;&nbsp; 12579750 |
|  | **OIL & GAS PRODUCERS - 8.6%** |  |
| 60000 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 7016400 |
| 200000 | Matador Resources Company | &nbsp;&nbsp;&nbsp; 9544000 |
|  |  | &nbsp;&nbsp; 16560400 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 4.9%** |  |
| 9000 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; 9507510 |
|  | **RETAIL - DISCRETIONARY - 1.0%** |  |
| 10000 | RH<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1890100 |
|  | **SEMICONDUCTORS - 8.3%** |  |
| 40000 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 4930000 |
| 35000 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 5529650 |
| 25000 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 5662250 |
|  |  | &nbsp;&nbsp; 16121900 |
|  | **SOFTWARE - 9.7%** |  |
| 175000 | Clear Secure, Inc., Class A | &nbsp;&nbsp;&nbsp; 4858000 |
| 12500 | CyberArk Software Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5086000 |
| 65000 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8860800 |
|  |  | &nbsp;&nbsp; 18804800 |
|  | **STEEL - 2.6%** |  |
| 18000 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 4974840 |
|  | **TECHNOLOGY HARDWARE - 2.9%** |  |
| 150000 | Hewlett Packard Enterprise Company | &nbsp;&nbsp;&nbsp; 3067500 |
| 600000 | Powerfleet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2586000 |
|  |  | &nbsp;&nbsp; 5653500 |
|  | **TECHNOLOGY SERVICES - 3.1%** |  |
| 1350000 | Terawulf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5913000 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **HODGES FUND** | **HODGES FUND** | **HODGES FUND** | **HODGES FUND** | **HODGES FUND** | **HODGES FUND** | **HODGES 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)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  |  |  | | | **Fair Value** |
|  | **COMMON STOCKS — 91.5% (Continued)** | **COMMON STOCKS — 91.5% (Continued)** | **COMMON STOCKS — 91.5% (Continued)** | | | |
|  | **TRANSPORTATION & LOGISTICS - 2.4%** | **TRANSPORTATION & LOGISTICS - 2.4%** | **TRANSPORTATION & LOGISTICS - 2.4%** | | | |
| 40000 | Kirby Corporation<sup>(a)</sup> | Kirby Corporation<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; $4536400 |
|  | **TOTAL COMMON STOCKS (Cost $111,170,360)** | **TOTAL COMMON STOCKS (Cost $111,170,360)** | **TOTAL COMMON STOCKS (Cost $111,170,360)** |  |  | &nbsp;&nbsp; 176794320 |
|  | **EXCHANGE-TRADED FUNDS — 2.2%** | **EXCHANGE-TRADED FUNDS — 2.2%** | **EXCHANGE-TRADED FUNDS — 2.2%** |  |  |  |
|  | **EQUITY - 2.2%** | **EQUITY - 2.2%** | **EQUITY - 2.2%** |  |  |  |
| 50000 | Direxion Daily Regional Banks Bull 3x Shares ETF (Cost $4,367,069) | Direxion Daily Regional Banks Bull 3x Shares ETF (Cost $4,367,069) |  |  |  | &nbsp;&nbsp;&nbsp; 4339500 |
|  | **SHORT-TERM INVESTMENTS — 0.9%** | **SHORT-TERM INVESTMENTS — 0.9%** | **SHORT-TERM INVESTMENTS — 0.9%** |  |  |  |
|  | **MONEY MARKET FUNDS - 0.9%** | **MONEY MARKET FUNDS - 0.9%** | **MONEY MARKET FUNDS - 0.9%** |  |  |  |
| 1750612 | First American Treasury Obligations Fund, Class X, 4.24% (Cost $1,750,612)<sup>(b) | First American Treasury Obligations Fund, Class X, 4.24% (Cost $1,750,612)<sup>(b) | First American Treasury Obligations Fund, Class X, 4.24% (Cost $1,750,612)<sup>(b) |  |  | 1750612 |
| **Contracts<sup>(c)</sup>** |  |  |  |  |  |  |
|  | **EQUITY OPTIONS PURCHASED - 5.9%** | **Broker/Counterparty** | **Expiration Date** | **Exercise Price** | **Notional Value** |  |
|  | **CALL OPTIONS PURCHASED - 5.9%** | **CALL OPTIONS PURCHASED - 5.9%** | **CALL OPTIONS PURCHASED - 5.9%** |  |  |  |
| 250 | Boeing Company (The) | WFC | 01/16/2026 | $175 | &nbsp;&nbsp;&nbsp; $5238250 | &nbsp;&nbsp;&nbsp; $1110000 |
| 500 | Generac Holdings, Inc. | WFC | 09/19/2025 | 100 | &nbsp;&nbsp;&nbsp; 7160500 | &nbsp;&nbsp;&nbsp; 2250000 |
| 190 | Spotify Technology S.A. | WFC | 09/19/2025 | 480 | &nbsp;&nbsp;&nbsp; 14579460 | &nbsp;&nbsp;&nbsp; 5596450 |
| 350 | UnitedHealth Group, Inc. | WFC | 09/19/2025 | 250 | &nbsp;&nbsp;&nbsp; 10918950 | &nbsp;&nbsp;&nbsp; 2413250 |
|  | **TOTAL CALL OPTIONS PURCHASED** (Cost - $8,168,758) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $8,168,758) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $8,168,758) | **TOTAL CALL OPTIONS PURCHASED** (Cost - $8,168,758) |  | &nbsp;&nbsp; 11369700 |
|  | **TOTAL INVESTMENTS - 100.5% (Cost $125,456,799)** | **TOTAL INVESTMENTS - 100.5% (Cost $125,456,799)** | **TOTAL INVESTMENTS - 100.5% (Cost $125,456,799)** |  |  | &nbsp;&nbsp;&nbsp; $194254132 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)%** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)%** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)%** |  |  | &nbsp;&nbsp; (926894) |
|  | **NET ASSETS - 100.0%** |  |  |  |  | &nbsp;&nbsp; $193327238 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S.A. | - Société Anonyme |
| WFC | - Wells Fargo |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of June 30, 2025. <br> <sup>(c)</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 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 Fund

- **b. EDGAR series identifier (if any):** S000081358

- **c. LEI of Series:** 529900X2HQNDIZRTJZ60

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $195045458.74

**Total Liabilities:** $1718220.42

**Net Assets:** $193327238.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244083 | -0.08%               | 9.23%                | 7.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1068453.54             | $-295014.78                                |
| Month 2  | $2519004.53              | $9002553.72                                |
| Month 3  | $850096.03               | $10862691.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Palantir Technologies Inc                    | PALANTIR TECHN-A      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     65000 | NS      | $8860800.00   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                           | RH                    | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     10000 | NS      | $1890100.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                              | DRAFTKINGS INC        | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    225000 | NS      | $9650250.00   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                       | MICRON TECH           | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     40000 | NS      | $4930000.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc.                               | PORTILLO'S-CL A       | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $3501000.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GNRC US 09/19/25 C100 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       500 | NC      | $2250000.00   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                         | CLEVELAND-CLIFFS      | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    600000 | NS      | $4560000.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                      | BANC OF CALIFORN      | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    300000 | NS      | $4215000.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                             | CLEAR SECURE I-A      | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175000 | NS      | $4858000.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                         | EAGLE MATERIALS       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     15000 | NS      | $3031650.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Limited                        | GENIUS SPORTS LT      | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    250000 | NS      | $2600000.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | UNH US 09/19/25 C250  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       350 | NC      | $2413250.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                      | CRH PLC               | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     35000 | NS      | $3213000.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | ON HOLDING AG-A       | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    150000 | NS      | $7807500.00   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.               | HEWLETT PACKA         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    150000 | NS      | $3067500.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AM-TR OB-X      | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1750612 | PA      | $1750611.86   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                        | FREEPORT-MCMORAN      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    185000 | NS      | $8019750.00   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | SPOT US 09/19/25 C480 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       190 | NC      | $5596450.00   | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| GEO Group Inc                                | GEO GROUP INC/TH      | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    170000 | NS      | $4071500.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | DIREXION DAILY R      | CUSIP: 25460G153<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     50000 | NS      | $4339500.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BA US 01/16/26 C175   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       250 | NC      | $1110000.00   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirby Corp                                   | KIRBY CORP            | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     40000 | NS      | $4536400.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                       | POWELL INDS INC       | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     25000 | NS      | $5261250.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                          | EXPAND ENERGY CO      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     60000 | NS      | $7016400.00   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA CORP           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     35000 | NS      | $5529650.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | TESLA INC             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     15000 | NS      | $4764900.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                    | MATADOR RESOURCE      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    200000 | NS      | $9544000.00   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     25000 | NS      | $5662250.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PowerFleet Inc.                              | POWERFLEET INC        | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |    600000 | NS      | $2586000.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                | OWENS CORNING         | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     16000 | NS      | $2200320.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Stitch Fix Inc                               | STITCH FIX INC-A      | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |   1000000 | NS      | $3700000.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                              | SHARKNINJA INC        | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $9899000.00   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation               | TEXAS PACIFIC LA      | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $9507510.00   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation             | CARPENTER TECH        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     18000 | NS      | $4974840.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.                       | CYBERARK SOFTWAR      | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     12500 | NS      | $5086000.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                                 | TERAWULF INC          | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |   1350000 | NS      | $5913000.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | UBER TECHNOLOGIE      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    150000 | NS      | $13995000.00  | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Limited                         | WYNN RESORTS LTD      | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     25000 | NS      | $2341750.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer