# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-25-181809
**Filing Date:** 2025-7
**Character Count:** 20548
**Document Hash:** b915d362c42af19232f399b663434b79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181809.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181809

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250531

**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:** 251159314

**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

### The Future Fund Long/Short ETF (Series ID: S000074927)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000233373 | The Future Fund Long/Short ETF |  |

## 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:** The Future Fund Long/Short ETF

- **b. EDGAR series identifier (if any):** S000074927

- **c. LEI of Series:** 5493000GS7QCQZWUSJ25

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

- **a. Date of fiscal year-end:** 2025-05-31

- **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:** $57002839.88

**Total Liabilities:** $17700613.26

**Net Assets:** $39302226.62

**Cash Not Reported:** $24579238.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233373 | -4.15%               | 2.02%                | 3.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $469156.45               | $-1985035.56                               |
| Month 2  | $1447357.69              | $-662756.53                                |
| Month 3  | $755837.48               | $488256.03                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| East West Bancorp Inc                         | EAST WEST BNCRP  | CUSIP: 27579R104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -8500 | NS      | $-775200.00   | -1.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                          | AMPHENOL CORP-A  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-899300.00   | -2.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                             | CIENA CORP       | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     13142 | NS      | $1052148.52   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                  | FASTENAL CO      | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Short            | EC               | CORP              | US        |    -22000 | NS      | $-909480.00   | -2.31%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                  | DOORDASH INC-A   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      4035 | NS      | $841902.75    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc.                    | CAESARS ENTERTAI | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |    -29000 | NS      | $-779520.00   | -1.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                   | ROLLINS INC      | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Short            | EC               | CORP              | US        |    -12650 | NS      | $-724212.50   | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                 | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     11728 | NS      | $2014166.72   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                         | UBER TECHNOLOGIE | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     11054 | NS      | $930304.64    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                         | QUANTA SERVICES  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Short            | EC               | CORP              | US        |     -1200 | NS      | $-411072.00   | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                     | SAFRAN SA-ADR    | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     18135 | NS      | $1333647.90   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                               | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4052 | NS      | $1075279.24   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                   | RESMED INC       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               | CORP              | US        |     -2100 | NS      | $-514059.00   | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                 | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       748 | NS      | $903008.04    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                               | DRAFTKINGS INC   | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     26791 | NS      | $961261.08    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                             | YETI HOLDINGS IN | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     28928 | NS      | $884039.68    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                   | WORKDAY INC-A    | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Short            | EC               | CORP              | US        |     -2200 | NS      | $-544962.00   | -1.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                 | EQUINIX INC      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       916 | NS      | $814159.12    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                   | TRIMBLE INC      | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-855240.00   | -2.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                     | BLOCK INC        | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     22672 | NS      | $1399996.00   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                               | LITTELFUSE INC   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-717710.00   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                   | JD.COM INC-ADR   | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Short            | EC               | CORP              | KY        |    -22000 | NS      | $-713020.00   | -1.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                         | DELL TECHN-C     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      7000 | NS      | $778890.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                   | ADV MICRO DEVICE | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-996570.00   | -2.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                              | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      6000 | NS      | $1230060.00   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                  | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     21690 | NS      | $2930969.70   | 7.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp.                            | ARES CAPITAL COR | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Short            | EC               | RF                | US        |    -35000 | NS      | $-771750.00   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                         | NXP SEMICONDUCTO | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      6200 | NS      | $1185006.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                    | BAIDU INC-SP ADR | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      9844 | NS      | $806223.60    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                         | MEDPACE HOLDINGS | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-589800.00   | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | ELI LILLY & CO   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1221 | NS      | $900695.07    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | BANCO LATINOAM-E | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Short            | EC               | CORP              | PA        |    -12000 | NS      | $-492240.00   | -1.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                            | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2396 | NS      | $1551386.04   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated           | VERTEX PHARM     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1525 | NS      | $674126.25    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                            | CIRRUS LOGIC INC | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      8000 | NS      | $786880.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Technologies Inc                         | SOFI TECHNOLOGIE | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-665000.00   | -1.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                  | EMBRAER SA-ADR   | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Short            | EC               | CORP              | BR        |    -20000 | NS      | $-919800.00   | -2.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                        | MICRON TECH      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     15540 | NS      | $1467908.40   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                        | PALO ALTO NETWOR | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      5189 | NS      | $998467.38    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                          | BOOKING HOLDINGS | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Short            | EC               | CORP              | US        |      -200 | NS      | $-1103786.00  | -2.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                         | COMERICA INC     | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-627990.00   | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                               | THE CIGNA GROUP  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-949920.00   | -2.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                     | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     21091 | NS      | $1182572.37   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                   | LPL FINANCIAL HO | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2625 | NS      | $1016295.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                            | ROBLOX CORP - A  | CUSIP: 771049103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5300 | NS      | $-460994.00   | -1.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                    | REDDIT INC-A     | CUSIP: 75734B100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3500 | NS      | $-393225.00   | -1.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                          | CHART INDUSTRIES | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-784300.00   | -2.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                   | DATADOG INC-A    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      7264 | NS      | $856280.32    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation              | EDWARDS LIFE     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     14960 | NS      | $1170171.20   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                        | FAIR ISAAC CORP  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Short            | EC               | CORP              | US        |      -250 | NS      | $-431570.00   | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                    | GITLAB INC-CL A  | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     10849 | NS      | $493737.99    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                        | CATHAY GENERAL B | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-428550.00   | -1.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                      | ROLLS-ROYCE-ADR  | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     58595 | NS      | $680287.95    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                              | HEALTHEQUITY INC | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      5000 | NS      | $503050.00    | 1.28%             |  |  |  | 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