# EDGAR Filing Document

**Accession Number:** 0001123460
**File Stem:** 0000910472-26-000418
**Filing Date:** 2026-1
**Character Count:** 19865
**Document Hash:** 0d524b606e9a3369ccfda6b25849cefb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000418.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000910472-26-000418

**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:** NORTH COUNTRY FUNDS
- **CENTRAL INDEX KEY:** 0001123460

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10123
- **FILM NUMBER:** 26559584

**BUSINESS ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** GEMINI FUND SERVICES, LLC.
- **STREET 2:** 450 WIRELESS BOULEVARD
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

## Series and Classes Contracts Data

### The North Country Large Cap Equity Fund (Series ID: S000011072)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000030518 | The North Country Large Cap Equity Fund | NCEGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** North Country Funds

- **b. Investment Company Act file number:** 811-10123

- **c. CIK number of Registrant:** 0001123460

- **d. LEI of Registrant:** 549300TC2FNUIB870520

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

  - **Street Address 1:** 1445 RESEARCH BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 240-223-1998

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

- **a. Name of Series:** North Country Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000011072

- **c. LEI of Series:** 549300WVJUIGLLMN1A93

**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:** $128014608.02

**Total Liabilities:** $128358.46

**Net Assets:** $127886249.56

**Cash Not Reported:** $456658.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030518 | 3.53%                | 2.13%                | -0.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $350936.16               | $3936603.00                                |
| Month 2  | $1653398.28              | $928114.39                                 |
| Month 3  | $590196.66               | $-1801273.51                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berkshire Hathaway Inc.             | BERKSHIRE HATH-B        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      5100 | NS      | $2620431.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                     | HOME DEPOT INC          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7800 | NS      | $2783976.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                     | CATERPILLAR INC         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      6300 | NS      | $3627288.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds           | BLKR-LIQ TRS-INS        | CUSIP: 09248U551<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    308384 | PA      | $308384.04    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                          | APPLE INC               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     40200 | NS      | $11209770.00  | 8.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR) | NASDAQ 100 E-MINI DEC25 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |         6 | NC      | $111534.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                      | MORGAN STANLEY          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     11300 | NS      | $1917158.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | INTERCONT EXCH I        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11350 | NS      | $1785355.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                         | ECOLAB INC              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1500 | NS      | $412740.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                 | DANAHER CORP            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3800 | NS      | $861764.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.             | UNITEDHEALTH GRP        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3200 | NS      | $1055264.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                        | ORACLE CORP             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     11000 | NS      | $2221450.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                       | STRATEGY INC            | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1500 | NS      | $265770.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                        | NVIDIA CORP             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     66000 | NS      | $11682000.00  | 9.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)       | WILLIAMS COS INC        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     34400 | NS      | $2095992.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                           | ADOBE INC               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4400 | NS      | $1408572.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.        | HONEYWELL INTL          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      9000 | NS      | $1729710.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                           | TESLA INC               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      4200 | NS      | $1806714.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                       | KKR & CO INC            | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     25000 | NS      | $3057750.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.            | PROCTER & GAMBLE        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     12125 | NS      | $1796440.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation        | COSTCO WHOLESALE        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1400 | NS      | $1279026.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR) | S&P500 EMINI FUT  Dec25 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |         2 | NC      | $18030.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc       | JEFFERIES FINANC        | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      1000 | NS      | $57560.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                         | WALMART INC             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     28200 | NS      | $3116382.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.    | SOLSTICE ADV MAT        | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |      2250 | NS      | $107280.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.              | TJX COS INC             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     10600 | NS      | $1610352.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                     | SALESFORCE INC          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     11900 | NS      | $2743426.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                            | VISA INC-CLASS A        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5700 | NS      | $1906308.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc              | PALO ALTO NETWOR        | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3200 | NS      | $608416.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | ALPHABET INC-A          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     27800 | NS      | $8901004.00   | 6.96%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                | JPMORGAN CHASE          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12500 | NS      | $3913500.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.               | BANK OF AMERICA         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     55500 | NS      | $2977575.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                     | ELI LILLY & CO          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       550 | NS      | $591508.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.           | DIGITAL REALTY          | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     12300 | NS      | $1969476.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                    | AMAZON.COM INC          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     25300 | NS      | $5900466.00   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc        | THERMO FISHER           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3100 | NS      | $1831573.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                  | META PLATFORMS-A        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6300 | NS      | $4082085.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade              | US 10YR NOTE (CBT)Mar26 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        30 | NC      | $4219.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                 | STRYKER CORP            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      4300 | NS      | $1596074.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                | AMPHENOL CORP-A         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     26000 | NS      | $3663400.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                   | EXXON MOBIL CORP        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8200 | NS      | $950544.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                         | PEPSICO INC             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7000 | NS      | $1041180.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.         | CAPITAL ONE FINA        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      6800 | NS      | $1489676.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                          | AMGEN INC               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4700 | NS      | $1623662.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                      | BLACKROCK INC           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2200 | NS      | $2304060.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                     | MICROSOFT CORP          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20350 | NS      | $10012403.50  | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.           | GOLDMAN SACHS GP        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2600 | NS      | $2147704.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                   | JOHNSON&JOHNSON         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      9500 | NS      | $1965740.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                 | ABBOTT LABS             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     13000 | NS      | $1675700.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                   | MASCO CORP              | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     27500 | NS      | $1783925.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                       | CHEVRON CORP            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $997458.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                       | NETFLIX INC             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     17000 | NS      | $1828860.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** North Country Funds

**Signature:** Christine Casares

**Name of Signer:** Christine Casares

**Title:** Treasurer