# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-26-000554
**Filing Date:** 2026-2
**Character Count:** 30542
**Document Hash:** fda94f893f8dec7dcfc44e1aa6fdf564
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000554.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0002000324-26-000554

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 26668151

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinnaker ETF Trust
- **DATE OF NAME CHANGE:** 20100212

## Series and Classes Contracts Data

### Langar Global HealthTech ETF (Series ID: S000082910)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000246254 | Langar Global HealthTech ETF | LGHT            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 424 | Langar Global Health Tech ETF | DXCM | DEXCOM INC COM |  |  | 252131107 |  | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 66.37 |  |  |  |  |  | DEXCOM INC COM |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 2767.00 | 199743.54 | 199743.54 | 183645.79 | 183645.79 | -16097.75 | -16097.75 | 0.00 | False | 0.00 | N/A | 4.59 | 4.59 | 4.60 | 0.00 |  |  | DXCM<br> N | MP |
| 424 | Langar Global Health Tech ETF | BNTX | BioNTech SE |  |  | 09075V102 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 95.20 |  |  |  |  |  | BioNTech SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2863.28 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1343.00 | 132820.48 | 132820.48 | 127853.60 | 127853.60 | -4966.88 | -4966.88 | 2.24 | False | 0.00 | N/A | 3.20 | 3.20 | 3.20 | 0.00 |  | 894500UZJ5LG1F8J1U58 | BNTX<br> N | MP |
| 424 | Langar Global Health Tech ETF | MRNA | Moderna Inc |  |  | 60770K107 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 29.49 |  |  |  |  |  | Moderna Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 4044.00 | 129558.23 | 129558.23 | 119257.56 | 119257.56 | -10300.67 | -10300.67 | 0.00 | False | 0.00 | N/A | 2.98 | 2.98 | 2.99 | 0.00 |  |  | MRNA<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALGN | Align Technology Inc |  |  | 016255101 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 156.15 |  |  |  |  |  | Align Technology Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 549.00 | 114613.34 | 114613.34 | 85726.35 | 85726.35 | -28886.99 | -28886.99 | 0.00 | False | 0.00 | N/A | 2.14 | 2.14 | 2.15 | 0.00 |  |  | ALGN | MP |
| 424 | Langar Global Health Tech ETF | CHEOY | Cochlear Ltd |  |  | 191459205 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | AUD | AUSTRALIA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 86.43 |  |  |  |  |  | Cochlear Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1174.00 | 113945.72 | 113945.72 | 101468.82 | 101468.82 | -12476.90 | -12476.90 | 0.00 | False | 0.00 | N/A | 2.54 | 2.54 | 2.54 | 0.00 |  | 5493001OLLWY8KV5UC08 | CHEOY<br> N | MP |
| 424 | Langar Global Health Tech ETF | PODD | Insulet Corp |  |  | 45784P101 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 284.24 |  |  |  |  |  | Insulet Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 635.00 | 164604.88 | 164604.88 | 180492.40 | 180492.40 | 15887.52 | 15887.52 | 0.00 | False | 0.00 | N/A | 4.52 | 4.51 | 4.52 | 0.00 |  |  | PODD<br> N | MP |
| 424 | Langar Global Health Tech ETF | ISRG | Intuitive Surgical I | nc |  | 46120E602 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 566.36 |  |  |  |  |  | Intuitive Surgical I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1013.00 | 465241.08 | 465241.08 | 573722.68 | 573722.68 | 108481.60 | 108481.60 | 0.00 | False | 0.00 | N/A | 14.35 | 14.35 | 14.36 | 0.00 |  |  | ISRG<br> N | MP |
| 424 | Langar Global Health Tech ETF | IRTC | iRhythm Technologies | Inc |  | 450056106 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 177.44 |  |  |  |  |  | iRhythm Technologies | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 316.00 | 40878.55 | 40878.55 | 56071.04 | 56071.04 | 15192.49 | 15192.49 | 0.00 | False | 0.00 | N/A | 1.40 | 1.40 | 1.40 | 0.00 |  |  | IRTC<br> N | MP |
| 424 | Langar Global Health Tech ETF | PHG | Koninklijke Philips | NV |  | 500472303 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.08 |  |  |  |  |  | Koninklijke Philips | NV |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5623.87 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 6442.00 | 153900.83 | 153900.83 | 174449.36 | 174449.36 | 20548.53 | 20548.53 | 3.22 | False | 0.00 | N/A | 4.36 | 4.36 | 4.37 | 0.00 |  |  | PHG<br> N | MP |
| 424 | Langar Global Health Tech ETF | MASI | Masimo Corp |  |  | 574795100 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 130.06 |  |  |  |  |  | Masimo Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 421.00 | 61373.75 | 61373.75 | 54755.26 | 54755.26 | -6618.49 | -6618.49 | 0.00 | False | 0.00 | N/A | 1.37 | 1.37 | 1.37 | 0.00 |  |  | MASI<br> N | MP |
| 424 | Langar Global Health Tech ETF | PRCT | PROCEPT BioRobotics | Corp |  | 74276L105 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 31.46 |  |  |  |  |  | PROCEPT BioRobotics | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 322.00 | 15486.76 | 15486.76 | 10130.12 | 10130.12 | -5356.64 | -5356.64 | 0.00 | False | 0.00 | N/A | 0.25 | 0.25 | 0.25 | 0.00 |  |  | PRCT<br> N | MP |
| 424 | Langar Global Health Tech ETF | RMD | ResMed Inc |  |  | 761152107 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 240.87 |  |  |  |  |  | ResMed Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1965.12 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1068.00 | 245118.62 | 245118.62 | 257249.16 | 257249.16 | 12130.54 | 12130.54 | 0.76 | False | 0.00 | N/A | 6.44 | 6.43 | 6.44 | 0.00 |  |  | RMD<br> N | MP |
| 424 | Langar Global Health Tech ETF | SMMNY | Siemens Healthineers | AG |  | 82622J104 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 26.23 |  |  |  |  |  | Siemens Healthineers | AG |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 13067.00 | 352818.23 | 352818.23 | 342747.41 | 342747.41 | -10070.82 | -10070.82 | 0.00 | False | 0.00 | N/A | 8.57 | 8.57 | 8.58 | 0.00 |  | 529900QBVWXMWANH7H45 | SMMNY<br> N | MP |
| 424 | Langar Global Health Tech ETF | SONVY | Sonova Holding AG |  |  | 83569C102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 51.69 |  |  |  |  |  | Sonova Holding AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 3178.00 | 195673.38 | 195673.38 | 164270.82 | 164270.82 | -31402.56 | -31402.56 | 0.00 | False | 0.00 | N/A | 4.11 | 4.11 | 4.11 | 0.00 |  | 5299004A0QNX7FBNHS61 | SONVY<br> N | MP |
| 424 | Langar Global Health Tech ETF | TNDM | Tandem Diabetes Care | Inc |  | 875372203 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 21.98 |  |  |  |  |  | Tandem Diabetes Care | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 870.00 | 17105.37 | 17105.37 | 19122.60 | 19122.60 | 2017.23 | 2017.23 | 0.00 | False | 0.00 | N/A | 0.48 | 0.48 | 0.48 | 0.00 |  |  | TNDM<br> N | MP |
| 424 | Langar Global Health Tech ETF | ZBH | Zimmer Biomet Holdin | gs Inc |  | 98956P102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 89.92 |  |  |  |  |  | Zimmer Biomet Holdin | gs Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1634.88 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1703.00 | 183580.90 | 183580.90 | 153133.76 | 153133.76 | -30447.14 | -30447.14 | 1.07 | False | 0.00 | N/A | 3.83 | 3.83 | 3.83 | 0.00 |  |  | ZBH<br> N | MP |
| 424 | Langar Global Health Tech ETF | IQV | IQVIA Holdings Inc |  |  | 46266C105 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 225.41 |  |  |  |  |  | IQVIA Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 925.00 | 164675.59 | 164675.59 | 208504.25 | 208504.25 | 43828.66 | 43828.66 | 0.00 | False | 0.00 | N/A | 5.22 | 5.22 | 5.22 | 0.00 |  |  | IQV<br> N | MP |
| 424 | Langar Global Health Tech ETF | LFST | LifeStance Health Gr | oup Inc |  | 53228F101 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 7.04 |  |  |  |  |  | LifeStance Health Gr | oup Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1163.00 | 7332.99 | 7332.99 | 8187.52 | 8187.52 | 854.53 | 854.53 | 0.00 | False | 0.00 | N/A | 0.20 | 0.20 | 0.20 | 0.00 |  |  | LFST<br> N | MP |
| 424 | Langar Global Health Tech ETF | TDOC | Teladoc Inc |  |  | 87918A105 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 7.00 |  |  |  |  |  | Teladoc Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1507.00 | 17531.44 | 17531.44 | 10549.00 | 10549.00 | -6982.44 | -6982.44 | 0.00 | False | 0.00 | N/A | 0.26 | 0.26 | 0.26 | 0.00 |  |  | TDOC<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALHC | Alignment Healthcare | Inc |  | 01625V104 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 19.75 |  |  |  |  |  | Alignment Healthcare | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 280.00 | 3385.68 | 3385.68 | 5530.00 | 5530.00 | 2144.32 | 2144.32 | 0.00 | False | 0.00 | N/A | 0.14 | 0.14 | 0.14 | 0.00 |  |  | ALHC<br> N | MP |
| 424 | Langar Global Health Tech ETF | DOCS | Doximity Inc |  |  | 26622P107 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 44.28 |  |  |  |  |  | Doximity Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 2329.00 | 137814.69 | 137814.69 | 103128.12 | 103128.12 | -34686.57 | -34686.57 | 0.00 | False | 0.00 | N/A | 2.58 | 2.58 | 2.58 | 0.00 |  |  | DOCS<br> N | MP |
| 424 | Langar Global Health Tech ETF | OMCL | Omnicell Inc |  |  | 68213N109 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 45.30 |  |  |  |  |  | Omnicell Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 663.00 | 21867.45 | 21867.45 | 30033.90 | 30033.90 | 8166.45 | 8166.45 | 0.00 | False | 0.00 | N/A | 0.75 | 0.75 | 0.75 | 0.00 |  |  | OMCL<br> N | MP |
| 424 | Langar Global Health Tech ETF | PHR | PHREESIA INC |  |  | 71944F106 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 16.92 |  |  |  |  |  | PHREESIA INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 369.00 | 9263.41 | 9263.41 | 6243.48 | 6243.48 | -3019.93 | -3019.93 | 0.00 | False | 0.00 | N/A | 0.16 | 0.16 | 0.16 | 0.00 |  |  | PHR<br> N | MP |
| 424 | Langar Global Health Tech ETF | SDGR | SCHRODINGER INC |  |  | 80810D103 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 17.88 |  |  |  |  |  | SCHRODINGER INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 637.00 | 14304.70 | 14304.70 | 11389.56 | 11389.56 | -2915.14 | -2915.14 | 0.00 | False | 0.00 | N/A | 0.28 | 0.28 | 0.29 | 0.00 |  |  | SDGR<br> N | MP |
| 424 | Langar Global Health Tech ETF | TBRG | TRUEBRIDGE INC |  |  | 205306103 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 22.07 |  |  |  |  |  | TRUEBRIDGE INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5.30 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 53.00 | 892.44 | 892.44 | 1169.71 | 1169.71 | 277.27 | 277.27 | 0.45 | False | 0.00 | N/A | 0.03 | 0.03 | 0.03 | 0.00 |  |  | TBRG<br> N | MP |
| 424 | Langar Global Health Tech ETF | VEEV | Veeva Systems Inc |  |  | 922475108 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 223.23 |  |  |  |  |  | Veeva Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 889.00 | 202369.46 | 202369.46 | 198451.47 | 198451.47 | -3917.99 | -3917.99 | 0.00 | False | 0.00 | N/A | 4.96 | 4.96 | 4.97 | 0.00 |  |  | VEEV<br> N | MP |
| 424 | Langar Global Health Tech ETF | PGNY | Progyny, Inc |  |  | 74340E103 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 25.68 |  |  |  |  |  | Progyny, Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 530.00 | 14313.40 | 14313.40 | 13610.40 | 13610.40 | -703.00 | -703.00 | 0.00 | False | 0.00 | N/A | 0.34 | 0.34 | 0.34 | 0.00 |  |  | PGNY<br> N | MP |
| 424 | Langar Global Health Tech ETF | PRVA | Privia Health Group | Inc |  | 74276R102 | G30G | Med.Tech. & Supplies |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 23.71 |  |  |  |  |  | Privia Health Group | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1106.00 | 25312.76 | 25312.76 | 26223.26 | 26223.26 | 910.50 | 910.50 | 0.00 | False | 0.00 | N/A | 0.66 | 0.66 | 0.66 | 0.00 |  |  | PRVA<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALKS | Alkermes PLC |  |  | G01767105 | G40G | Pharmaceuticals |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.98 |  |  |  |  |  | Alkermes PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 1615.00 | 47395.32 | 47395.32 | 45187.70 | 45187.70 | -2207.62 | -2207.62 | 0.00 | False | 0.00 | N/A | 1.13 | 1.13 | 1.13 | 0.00 |  |  | ALKS<br> N | MP |
| 424 | Langar Global Health Tech ETF | GEHC | GE HealthCare | Technologies Inc. |  | 36266G107 | G40G | Pharmaceuticals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 82.02 |  |  |  |  |  | GE HealthCare | Technologies Inc. |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 203.22 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 2258.00 | 167900.28 | 167900.28 | 185201.16 | 185201.16 | 17300.88 | 17300.88 | 0.11 | False | 0.00 | N/A | 4.63 | 4.63 | 4.64 | 0.00 |  |  | GEHC<br> N | MP |
| 424 | Langar Global Health Tech ETF | AMBXX | UMB MONEY MARKET | SPECIAL II |  | SF8888628 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/1/2026 |  |  | 100.00 |  |  |  |  |  | UMB MONEY MARKET | SPECIAL II |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22931.55 | L<br> N |  |  | 12/31/2025<br> C |  | 424;USD | USD | 539567.62 | 539567.62 | 539567.62 | 539567.62 | 539567.62 | 0.00 | 0.00 | 4.85 | False | 4.83 |  | 13.50 | 13.50 | 13.51 | 0.00 |  |  | AMBXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SPINNAKER ETF SERIES

- **b. Investment Company Act file number:** 811-22398

- **c. CIK number of Registrant:** 0001484018

- **d. LEI of Registrant:** 54930056GHDI2JOI6X90

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

  - **Street Address 1:** 116 SOUTH FRANKLIN STREET

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804-5707

  - **Telephone number:** 252-972-9922

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

- **a. Name of Series:** Langar Global Health Tech ETF

- **b. EDGAR series identifier (if any):** S000082910

- **c. LEI of Series:** 529900D9X7OHMO3DS386

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

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

- **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:** $3997840.55

**Total Liabilities:** $3167.33

**Net Assets:** $3994673.22

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246254 | 2.22%                | -0.83%               | -2.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17148.69               | $108005.37                                 |
| Month 2  | $0.00                    | $-33256.80                                 |
| Month 3  | $-8877.96                | $-74027.02                                 |

**Designated Index Information**

- **Index Name:** NA

- **Index Identifier:** NA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Align Technology Inc | COMMSTCK | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       549 | NS      | $85726.35     | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare | COMMSTCK | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       280 | NS      | $5530.00      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC         | COMMSTCK | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1615 | NS      | $45187.70     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE          | COMMSTCK | CUSIP: 09075V102<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      1343 | NS      | $127853.60    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cochlear Ltd         | COMMSTCK | CUSIP: 191459205<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      1174 | NS      | $101468.82    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc         | COMMSTCK | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2329 | NS      | $103128.12    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC COM       | COMMSTCK | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2767 | NS      | $183645.79    | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare        | COMMSTCK | CUSIP: 36266G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2258 | NS      | $185201.16    | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc   | COMMSTCK | CUSIP: 46266C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       925 | NS      | $208504.25    | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies | COMMSTCK | CUSIP: 450056106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       316 | NS      | $56071.04     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical I | COMMSTCK | CUSIP: 46120E602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1013 | NS      | $573722.68    | 14.36%            |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Gr | COMMSTCK | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1163 | NS      | $8187.52      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp          | COMMSTCK | CUSIP: 574795100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       421 | NS      | $54755.26     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc          | COMMSTCK | CUSIP: 60770K107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4044 | NS      | $119257.56    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc         | COMMSTCK | CUSIP: 68213N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       663 | NS      | $30033.90     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc          | COMMSTCK | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       530 | NS      | $13610.40     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips  | COMMSTCK | CUSIP: 500472303<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      6442 | NS      | $174449.36    | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PHREESIA INC         | COMMSTCK | CUSIP: 71944F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       369 | NS      | $6243.48      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp         | COMMSTCK | CUSIP: 45784P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       635 | NS      | $180492.40    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics  | COMMSTCK | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       322 | NS      | $10130.12     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group  | COMMSTCK | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1106 | NS      | $26223.26     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc           | COMMSTCK | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1068 | NS      | $257249.16    | 6.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHRODINGER INC      | COMMSTCK | CUSIP: 80810D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       637 | NS      | $11389.56     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers | COMMSTCK | CUSIP: 82622J104<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     13067 | NS      | $342747.41    | 8.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG    | COMMSTCK | CUSIP: 83569C102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      3178 | NS      | $164270.82    | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUEBRIDGE INC       | COMMSTCK | CUSIP: 205306103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        53 | NS      | $1169.71      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Inc          | COMMSTCK | CUSIP: 87918A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1507 | NS      | $10549.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care | COMMSTCK | CUSIP: 875372203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       870 | NS      | $19122.60     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc    | COMMSTCK | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       889 | NS      | $198451.47    | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdin | COMMSTCK | CUSIP: 98956P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1703 | NS      | $153133.76    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET     | MONEYMKT | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             |  | US        |    539568 | NS      | $539567.62    | 13.51%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-12

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

**Title:** Principal Accounting Officer/Principal Financial Officer