# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-25-174684
**Filing Date:** 2025-7
**Character Count:** 16476
**Document Hash:** 4b3d35bbd471fc897f5f3839e776bc77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-174684.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001752724-25-174684

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**PERIOD START**: 20251130

**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:** 251142336

**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

### North Star Opportunity Fund (Series ID: S000034503)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000106067 | North Star Opportunity Fund Class I Shares | NSOIX           |
| C000106068 | North Star Opportunity Fund Class A Shares | NSOPX           |

## 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:** North Star Opportunity Fund

- **b. EDGAR series identifier (if any):** S000034503

- **c. LEI of Series:** 5493002T5M2DVS4SSC59

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $123140117.27

**Total Liabilities:** $553852.15

**Net Assets:** $122586265.12

**Cash Not Reported:** $11233750.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000106067 | -5.20%               | -3.14%               | 3.60%                |
| Class ID C000106068 | -5.16%               | -3.18%               | 3.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $963263.62               | $-7846688.17                               |
| Month 2  | $-1008943.87             | $-3166239.97                               |
| Month 3  | $0.00                    | $4151800.80                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Green Thumb Indust                           | GREEN THUMB INDU    | CUSIP: 39342L108<br>LEI: 529900Q0L3K192QQY915 | Long             | EC               | CORP              | CA        |    164371 | NS      | $861304.04    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | ABBVIE INC          | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     18000 | NS      | $3349980.00   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AM-TR OB-X    | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  10578420 | PA      | $10578419.96  | 8.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                     | SPHERE ENTERTAIN    | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     75000 | NS      | $2827500.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified                          | CODI 7 7/8 PERP     | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     75000 | NS      | $1173000.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA CORP         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     11000 | NS      | $1486430.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM INC        | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     24000 | NS      | $3484800.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's International Inc.                   | WEN 7 12/15/25      | CUSIP: 950590AG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1849115.89   | 1.51%             | 2025-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                  | ZOETIS INC          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     19000 | NS      | $3203970.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | CISCO SYSTEMS       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     40000 | NS      | $2521600.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | ADV MICRO DEVICE    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     35500 | NS      | $3930915.00   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                                | KKR & CO INC        | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     31500 | NS      | $3825990.00   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brundage-Bone Concrete Pumping Holdings Inc. | BBCP 7 1/2 02/01/32 | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $799158.88    | 0.65%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bills                 | B 08/12/25          | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2974987.29   | 2.43%             | 2025-08-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                  | UNITED PARCEL-B     | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     11500 | NS      | $1121710.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                 | TARGET CORP         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     13000 | NS      | $1222130.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                 | B 07/10/25          | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2986652.49   | 2.44%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     22700 | NS      | $2322210.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Energy Systems Inc.                    | ORION ENERGY SYS    | CUSIP: 686275108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1980000 | NS      | $1328382.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corporation                      | ACCO 4 1/4 03/15/29 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    850000 | PA      | $751741.28    | 0.61%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Apple Inc.                                   | APPLE INC           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     21000 | NS      | $4217850.00   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                          | KINDER MORGAN IN    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    125000 | NS      | $3505000.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp                             | ACME UNITED CORP    | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     62800 | NS      | $2499440.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     22000 | NS      | $4510220.00   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                       | BOOT BARN HOLDIN    | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     24000 | NS      | $3847440.00   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc.                        | BZH 5 7/8 10/15/27  | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    800000 | PA      | $792003.84    | 0.65%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                               | BLACKSTONE INC      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     29000 | NS      | $4024040.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     19000 | NS      | $5016000.00   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp New | MADISON SQUARE G    | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74000 | NS      | $2746140.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                       | ENR 4 3/4 06/15/28  | CUSIP: U29195AD3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    800000 | PA      | $772159.44    | 0.63%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corporation                    | REALTY INCOME       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     33000 | NS      | $1868460.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LXP INDUSTRIAL T    | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    151000 | NS      | $1295580.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                  | PAYCHEX INC         | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     25000 | NS      | $3947750.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                               | EPR PROPERTIES      | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     49000 | NS      | $2728810.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-A      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     26500 | NS      | $4551110.00   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                 | B 09/16/25          | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4937982.65   | 4.03%             | 2025-09-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    108000 | NS      | $4766040.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified                          | COMPASS DIVERSIF    | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |    225000 | NS      | $1512000.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                   | CARRIER GLOB        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     20000 | NS      | $1424000.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer