# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001145549-25-048834
**Filing Date:** 2025-7
**Character Count:** 15904
**Document Hash:** c5a1a95914b9f69a29cf7138079e8caa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048834.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048834

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 251156145

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2295

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Series and Classes Contracts Data

### ACR Opportunity Fund (Series ID: S000047911)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000150491 | Class I Shares | ACROX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST II

- **b. Investment Company Act file number:** 811-22894

- **c. CIK number of Registrant:** 0001587982

- **d. LEI of Registrant:** 549300SU7ER9OFETRU41

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** ACR Opportunity Fund

- **b. EDGAR series identifier (if any):** S000047911

- **c. LEI of Series:** 549300DHQY7HQ5NBGY23

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

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

- **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:** $83467594.70

**Total Liabilities:** $139817.16

**Net Assets:** $83327777.54

**Cash Not Reported:** $170534.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150491 | -1.88%               | 2.48%                | 4.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.01                    | $-1489719.88                               |
| Month 2  | $702252.41               | $928970.21                                 |
| Month 3  | $89911.51                | $3630942.57                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Budweiser Brewing Co APAC Ltd  | Budweiser Brewing Co. APAC Ltd.      | CUSIP: G1674K101<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | HK        |   2200000 | NS      | $2282179.80   | 2.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                    | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     29400 | NS      | $1721528.05   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc          | Arrow Electronics, Inc.              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     13000 | NS      | $1538940.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Azelis Group NV                | Azelis Group N.V.                    | CUSIP: B0R5SJ106<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |    100000 | NS      | $1656579.99   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC - ADR ADR               | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             |  | CORP              | GB        |    290000 | NS      | $5170700.00   | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail SA   | B&M European Value Retail S.A.       | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |    400000 | NS      | $1845540.29   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                  | Citigroup, Inc.                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     47000 | NS      | $3540040.00   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc            | Core Scientific, Inc.                | CUSIP: 21874A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53000 | NS      | $564450.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp.                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $1093600.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                        | DCC PLC                              | CUSIP: G2689P101<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     36000 | NS      | $2250572.35   | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies, Inc. - Class C    | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     20000 | NS      | $2225400.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp.                 | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     20000 | NS      | $1945000.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocell PLC                   | Eurocell PLC                         | CUSIP: G3143F101<br>LEI: 213800RH62IQ7S9OFQ55 | Long             | EC               | CORP              | GB        |   1300000 | NS      | $2793721.37   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EPI PREF HOLDINGS SERIES B   / | EPI PREF HOLDINGS SERIES B   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3201 | NS      | $598554.54    | 0.72%             |  |  |  | No            |                  3 | On Loan: No      |
| Eurofins Scientific SE         | Eurofins Scientific S.E.             | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     20000 | NS      | $1333991.14   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp                     | FedEx Corp.                          | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     11500 | NS      | $2508150.00   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Point Holdings LLC        | Five Point Holdings LLC - Class A    | CUSIP: 33833Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133898 | NS      | $729744.10    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd | Fairfax Financial Holdings Ltd.      | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1800 | NS      | $3046524.48   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co.                   | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     77800 | NS      | $3859658.00   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                        | IAC, Inc.                            | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     30000 | NS      | $1078800.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB IB MONEY MARKET II   /     | UMB IB MONEY MARKET II   /           | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   9107558 | PA      | $9107558.08   | 10.93%            |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                        | ISS A/S                              | CUSIP: K5591Y107<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |    170000 | NS      | $4569142.01   | 5.48%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion PLC          | JD Sports Fashion PLC                | CUSIP: G5144Y120<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |   1100000 | NS      | $1247615.20   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd. - Class A        | CUSIP: G61188101<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    284500 | NS      | $2739735.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp.                         | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      6500 | NS      | $658450.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd. - Class C | CUSIP: G9001E128<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |     17839 | NS      | $89195.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medmix AG                      | Medmix A.G.                          | CUSIP: H5316Q102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    103000 | NS      | $1326935.36   | 1.59%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Magna International Inc        | Magna International, Inc.            | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     58500 | NS      | $2122380.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International      | MGM Resorts International            | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     40000 | NS      | $1266000.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Opmobility                     | Opmobility                           | CUSIP: F73325106<br>LEI: 9695001VLC2KYXX0DW73 | Long             | EC               | CORP              | FR        |    184000 | NS      | $2245334.85   | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Premium Brands Holdings Corp   | Premium Brands Holdings Corp.        | CUSIP: 74061A108<br>LEI: 529900F5EXPGUY8WV366 | Long             | EC               | CORP              | CA        |     35000 | NS      | $2075415.33   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp of Canada           | Power Corp. of Canada                | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     70000 | NS      | $2708904.11   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc            | Thor Industries, Inc.                | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     10000 | NS      | $811900.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp              | Talen Energy Corp.                   | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4826 | NS      | $1177302.70   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria PLC                   | Victoria PLC                         | CUSIP: G93509100<br>LEI: 2138002K6ECECHVCQN25 | Long             | EC               | CORP              | GB        |    344110 | NS      | $277810.18    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC - ADR ADR         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             |  | CORP              | GB        |    430000 | NS      | $4446200.00   | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistry Group PLC               | Vistry Group PLC                     | CUSIP: G9424B107<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |    260000 | NS      | $2205761.25   | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Naked Wines PLC                | Naked Wines PLC                      | CUSIP: G6361W102<br>LEI: 213800IYPFIRRQQE9R62 | Long             | EC               | CORP              | GB        |    152136 | NS      | $181202.13    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Winpak Ltd                     | Winpak Ltd.                          | CUSIP: 97535P104<br>LEI: 549300FWDGJBHZHH8U59 | Long             | EC               | CORP              | CA        |     55000 | NS      | $1768544.16   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-05

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST II

**Signature:** /s/ Terrance P. Gallagher

**Name of Signer:** Terrance P. Gallagher

**Title:** President