# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-000395
**Filing Date:** 2026-1
**Character Count:** 18250
**Document Hash:** 37fcc5b30622eb5b16af9a33141bdb7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000395.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000910472-26-000395

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**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:** 26558705

**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 Small Cap Value Fund (Series ID: S000079928)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000241410 | North Star Small Cap Value Fund Investor Class      | WSCVX           |
| C000241411 | North Star Small Cap Value Fund Institutional Class | WFICX           |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000079928

- **c. LEI of Series:** 54930009WLEFYJHJZT92

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $31786562.59

**Total Liabilities:** $462966.82

**Net Assets:** $31323595.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241411 | 2.49%                | -1.18%               | 2.14%                |
| Class ID C000241410 | 2.49%                | -1.24%               | 2.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $791106.77                                 |
| Month 2  | $-134549.70              | $-231614.49                                |
| Month 3  | $0.00                    | $628135.24                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Central Garden & Pet Company       | CENTRAL GARDEN   | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     11000 | NS      | $375760.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp.    | SILICON MOTI-ADR | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |      5400 | NS      | $480384.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                    | INTERFACE INC    | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     15000 | NS      | $418650.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc             | ENERGIZER HOLDIN | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |      9000 | NS      | $164070.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                    | NBT BANCORP INC  | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12000 | NS      | $497520.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                        | H2O AMERICA      | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5800 | NS      | $269294.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucky Strike Entertainment Corp.   | LUCKY STRIKE ENT | CUSIP: 10258P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $469200.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                   | WISDOMTREE INC   | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     69000 | NS      | $761760.00    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                           | YELP INC         | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     20000 | NS      | $578200.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.    | GULFPORT ENERGY  | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      4900 | NS      | $1090201.00   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                    | BLUE BIRD CORP   | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     18000 | NS      | $939960.00    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                            | V2X INC          | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $713050.00    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc.      | COVENANT LOGISTI | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12500 | NS      | $249250.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc         | THERMON GROUP HO | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     24200 | NS      | $849420.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                   | IMAX CORP        | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     11000 | NS      | $408100.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc.                | LSI INDUSTRIES   | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |     53000 | NS      | $969370.00    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc.                | CHAMPION HOMES I | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9500 | NS      | $815480.00    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Turtle Beach Corp.                 | TURTLE BEACH COR | CUSIP: 900450206<br>LEI: 549300SZRV8U8PXSYI20 | Long             | EC               | CORP              | US        |     42000 | NS      | $582960.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc             | BOOT BARN HOLDIN | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      3800 | NS      | $736516.00    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                    | OSI SYSTEMS INC  | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      3500 | NS      | $947975.00    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc.                  | QCR HOLDINGS INC | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     12460 | NS      | $1017109.80   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.          | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    650079 | PA      | $650079.15    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                        | ALLIENT INC      | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     17500 | NS      | $942550.00    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc. | HELIX ENERGY SOL | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     44000 | NS      | $293040.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LIncoln Educational Services Corp. | LINCOLN EDUCATIO | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     19000 | NS      | $391020.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Infrastructure Corp.        | MOBILE INFRASTRU | CUSIP: 60739N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68000 | NS      | $212160.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc.                 | HACKETT GROUP    | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |     16000 | NS      | $295520.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                         | SPROTT INC       | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |     13000 | NS      | $1190670.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                    | ALAMO GROUP      | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5000 | NS      | $801850.00    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                          | VSE CORP         | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      4300 | NS      | $774817.00    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Reservoir Media Inc.               | RESERVOIR MEDIA  | CUSIP: 76119X105<br>LEI: 549300PHPDQ9M9QSNU18 | Long             | EC               | CORP              | US        |     39000 | NS      | $297180.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc            | POSTAL REALTY-A  | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     55500 | NS      | $862470.00    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc.              | SIMULATIONS PLUS | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $527000.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BAR Harbour Banksh                 | BAR HARBOR BNKSH | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15500 | NS      | $462520.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.           | COMFORT SYSTEMS  | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2200 | NS      | $2149268.00   | 6.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc.                | EVI INDUSTRIES I | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |     16000 | NS      | $327040.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                    | CITY HOLDING CO  | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3710 | NS      | $450060.10    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                  | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21817 | NS      | $360416.84    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.           | SPHERE ENTERTAIN | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     22400 | NS      | $1894816.00   | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.          | ONESPAWORLD HOLD | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     17000 | NS      | $347140.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.          | AXCELIS TECH INC | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      7392 | NS      | $611835.84    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LegalZoom.Com Inc.                 | LEGALZOOMCOM INC | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     35000 | NS      | $326550.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                 | UMH PROPERTIES I | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     49561 | NS      | $749857.93    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Bros Co                     | FARMER BROS CO   | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |    197000 | NS      | $317170.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc.            | LIQUIDITY SERVIC | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     30000 | NS      | $901200.00    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company          | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      7800 | NS      | $497484.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                            | AZZ INC          | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     10500 | NS      | $1106910.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                  | GCM GROSVENOR-A  | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24400 | NS      | $267912.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer