# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-004261
**Filing Date:** 2025-11
**Character Count:** 17247
**Document Hash:** 5f74cef6cda387a05ed898db1e64e4e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004261.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004261

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**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:** 251527058

**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

### Small Cap Growth Fund (Series ID: S000081359)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000244084 | Retail Class Shares        |  |
| C000244085 | Institutional Class Shares |  |

## 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 Small Cap Fund

- **b. EDGAR series identifier (if any):** S000081359

- **c. LEI of Series:** 529900MI19LLAZI4CG58

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $165866526.60

**Total Liabilities:** $227027.69

**Net Assets:** $165639498.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244085 | 3.93%                | 7.84%                | 0.21%                |
| Class ID C000244084 | 3.87%                | 7.84%                | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31022.13                | $6167288.50                                |
| Month 2  | $2116020.44              | $10235299.73                               |
| Month 3  | $973121.82               | $-612287.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc.                 | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    478300 | PA      | $478299.87    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.                       | AVIAT NETWORKS I | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    105000 | NS      | $2407650.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | TEXAS ROADHOUS   | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     17500 | NS      | $2907625.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc          | FIRST WATCH REST | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $1955000.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                    | POWELL INDS INC  | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     10000 | NS      | $3048100.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                 | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     80000 | NS      | $4582400.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                  | TUTOR PERINI COR | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     50000 | NS      | $3279500.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.                   | NAVIGATOR HOLDIN | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    170000 | NS      | $2633300.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.         | HANOVER INSURANC | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     25000 | NS      | $4540750.00   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                              | TERAWULF INC     | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    925000 | NS      | $10563500.00  | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | TAYLOR MORRISON  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     85000 | NS      | $5610850.00   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | KIRBY CORP       | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     27000 | NS      | $2253150.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                      | HILLTOP HOLDINGS | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     65000 | NS      | $2172300.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | PERMIAN RESOURCE | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    300000 | NS      | $3840000.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.            | TEXAS CAPITAL BA | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     55000 | NS      | $4649150.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                           | SHARKNINJA INC   | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40000 | NS      | $4126000.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.                | ETHAN ALLEN      | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $2946000.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                    | ALKAMI TECHNOLOG | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $3229200.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                               | PLEXUS CORP      | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     12000 | NS      | $1736280.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.                    | GILDAN ACTIVEWEA | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     50000 | NS      | $2890000.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                   | BOYD GAMING CORP | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     30000 | NS      | $2593500.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                      | CLEVELAND-CLIFFS | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    485000 | NS      | $5917000.00   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | KRATOS DEFENSE & | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     40000 | NS      | $3654800.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                             | ON HOLDING AG-A  | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     85000 | NS      | $3599750.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                       | KNOWLES CORP     | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     75000 | NS      | $1748250.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                             | SM ENERGY CO     | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     70000 | NS      | $1747900.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                        | RH               | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     17500 | NS      | $3555300.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | EAGLE MATERIALS  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     27000 | NS      | $6292080.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.                    | CINEMARK HOLDING | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     83000 | NS      | $2325660.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                   | BANC OF CALIFORN | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    300000 | NS      | $4965000.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation            | TEXAS PACIFIC LA | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $4668200.00   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Limited                     | GENIUS SPORTS LT | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    500000 | NS      | $6190000.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                 | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     57000 | NS      | $4180380.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                       | SEMTECH CORP     | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     30000 | NS      | $2143500.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                 | PROSPERITY BNCSH | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70000 | NS      | $4644500.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                       | VARONIS SYSTEMS  | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     55000 | NS      | $3160850.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                             | GEO GROUP INC/TH | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    160000 | NS      | $3278400.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                         | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140000 | NS      | $2910600.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                  | GROUP 1 AUTOMOTI | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     10500 | NS      | $4593855.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                             | MAXLINEAR        | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    250000 | NS      | $4020000.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                 | MATADOR RESOURCE | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    175000 | NS      | $7862750.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | ACADEMY SPORTS & | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $5002000.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited               | TOWER SEMICONDCT | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     65000 | NS      | $4699500.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation          | CARPENTER TECH   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      8000 | NS      | $1964320.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer