# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-000473
**Filing Date:** 2025-8
**Character Count:** 24141
**Document Hash:** 32d0e931ad2c377890fcc3f0ab6cb1c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000473.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000910472-25-000473

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250828

**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:** 251275029

**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 |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7%** |  |
|  | **AEROSPACE & DEFENSE - 2.0%** |  |
| 65000 | Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $3019250 |
|  | **APPAREL & TEXTILE PRODUCTS - 2.9%** |  |
| 85000 | On Holding A.G.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4424250 |
|  | **BANKING - 10.5%** |  |
| 280000 | Banc of California, Inc. | &nbsp;&nbsp;&nbsp; 3934000 |
| 100000 | Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp; 3035000 |
| 70000 | Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 4916800 |
| 55000 | Texas Capital Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4367000 |
|  |  | &nbsp;&nbsp; 16252800 |
|  | **BIOTECH & PHARMA - 2.5%** |  |
| 75000 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3901500 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.0%** |  |
| 130000 | GEO Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3113500 |
|  | **CONSTRUCTION MATERIALS - 4.3%** |  |
| 25000 | Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp; 5052750 |
| 19000 | Knife River Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1551160 |
|  |  | &nbsp;&nbsp; 6603910 |
|  | **ELECTRICAL EQUIPMENT - 2.2%** |  |
| 16000 | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp; 3367200 |
|  | **ENGINEERING & CONSTRUCTION - 2.1%** |  |
| 70000 | Tutor Perini Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3274600 |
|  | **FOOD - 1.7%** |  |
| 45000 | BellRing Brands, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2606850 |
|  | **HOME & OFFICE PRODUCTS - 2.6%** |  |
| 40000 | SharkNinja, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3959600 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **HOME CONSTRUCTION - 4.0%** |  |
| 100000 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $6142000 |
|  | **INSURANCE - 2.4%** |  |
| 22000 | Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 3737140 |
|  | **INTERNET MEDIA & SERVICES - 0.7%** |  |
| 20000 | Nebius Group N.V., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1106600 |
|  | **LEISURE FACILITIES & SERVICES - 10.3%** |  |
| 45000 | Boyd Gaming Corporation | &nbsp;&nbsp;&nbsp; 3520350 |
| 90000 | Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp; 2716200 |
| 450000 | Genius Sports Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4680000 |
| 140000 | Portillo's, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1633800 |
| 17500 | Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp; 3279675 |
|  |  | &nbsp;&nbsp; 15830025 |
|  | **METALS & MINING - 2.6%** |  |
| 520000 | Cleveland-Cliffs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3952000 |
|  | **OIL & GAS PRODUCERS - 9.2%** |  |
| 175000 | Matador Resources Company | &nbsp;&nbsp;&nbsp; 8351000 |
| 300000 | Permian Resources Corporation | &nbsp;&nbsp;&nbsp; 4086000 |
| 70000 | SM Energy Company | &nbsp;&nbsp;&nbsp; 1729700 |
|  |  | &nbsp;&nbsp; 14166700 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 3.4%** |  |
| 5000 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; 5281950 |
|  | **RETAIL - DISCRETIONARY - 11.1%** |  |
| 100000 | Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp; 4481000 |
| 100000 | Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp; 2785000 |
| 10000 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp; 4367100 |
| 15000 | RH<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2835150 |
| 140000 | Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp; 2619400 |
|  |  | &nbsp;&nbsp; 17087650 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.7% (Continued)** |  |
|  | **SEMICONDUCTORS - 5.1%** |  |
| 280000 | MaxLinear, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $3978800 |
| 90000 | Tower Semiconductor Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3901500 |
|  |  | &nbsp;&nbsp; 7880300 |
|  | **SOFTWARE - 2.9%** |  |
| 75000 | Alkami Technology, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2260500 |
| 45000 | Varonis Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2283750 |
|  |  | &nbsp;&nbsp; 4544250 |
|  | **STEEL - 4.1%** |  |
| 9000 | Carpenter Technology Corporation | &nbsp;&nbsp;&nbsp; 2487420 |
| 80000 | Commercial Metals Company | &nbsp;&nbsp;&nbsp; 3912800 |
|  |  | &nbsp;&nbsp; 6400220 |
|  | **TECHNOLOGY HARDWARE - 2.3%** |  |
| 149000 | Aviat Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3583450 |
|  | **TECHNOLOGY SERVICES - 3.3%** |  |
| 1150000 | Terawulf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5037000 |
|  | **TRANSPORTATION & LOGISTICS - 4.1%** |  |
| 35000 | Kirby Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3969350 |
| 170000 | Navigator Holdings Ltd. | &nbsp;&nbsp;&nbsp; 2405500 |
|  |  | &nbsp;&nbsp; 6374850 |
|  | **TRANSPORTATION EQUIPMENT - 0.4%** |  |
| 15000 | Greenbrier Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 690750 |
|  | **TOTAL COMMON STOCKS (Cost $103,913,853)** | &nbsp;&nbsp; 152338345 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** | **HODGES SMALL CAP FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 0.7%** |  |
|  | **MONEY MARKET FUNDS - 0.7%** |  |
| 1123339 | First American Treasury Obligations Fund, Class X, 4.24% (Cost $1,123,339)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $1123339 |
|  | **TOTAL INVESTMENTS - 99.4% (Cost $105,037,192)** | &nbsp;&nbsp;&nbsp; $153461684 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6%** | &nbsp;&nbsp; 905380 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $154367064 |

---

---

| | |
|:---|:---|
| Ltd. | - Limited Company |
| NV | - Naamioze Vennootschap |
| REIT | - Real Estate Investment Trust |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of June 30, 2025.

## 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:** 2025-06-30

**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:** $154456934.00

**Total Liabilities:** $89869.84

**Net Assets:** $154367064.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244085 | -3.89%               | 3.64%                | 5.86%                |
| Class ID C000244084 | -3.91%               | 3.62%                | 5.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $636219.78               | $-6608366.00                               |
| Month 2  | $1775033.57              | $3501956.76                                |
| Month 3  | $2592267.70              | $5966146.90                                |

### 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        |   1123339 | PA      | $1123339.31   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.                       | AVIAT NETWORKS I | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    149000 | NS      | $3583450.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | TEXAS ROADHOUS   | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     17500 | NS      | $3279675.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                    | POWELL INDS INC  | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     16000 | NS      | $3367200.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                         | KNIFE RIVER      | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $1551160.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                 | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     80000 | NS      | $3912800.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                  | TUTOR PERINI COR | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     70000 | NS      | $3274600.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.                   | NAVIGATOR HOLDIN | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    170000 | NS      | $2405500.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.         | HANOVER INSURANC | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     22000 | NS      | $3737140.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                              | TERAWULF INC     | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |   1150000 | NS      | $5037000.00   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | TAYLOR MORRISON  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    100000 | NS      | $6142000.00   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | KIRBY CORP       | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     35000 | NS      | $3969350.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                      | HILLTOP HOLDINGS | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |    100000 | NS      | $3035000.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | PERMIAN RESOURCE | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    300000 | NS      | $4086000.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.            | TEXAS CAPITAL BA | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     55000 | NS      | $4367000.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                           | SHARKNINJA INC   | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40000 | NS      | $3959600.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.                | ETHAN ALLEN      | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $2785000.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                    | ALKAMI TECHNOLOG | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $2260500.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                   | BOYD GAMING CORP | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     45000 | NS      | $3520350.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                      | CLEVELAND-CLIFFS | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    520000 | NS      | $3952000.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.       | BELLRING BRANDS  | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     45000 | NS      | $2606850.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group N.V.                         | NEBIUS GROUP NV  | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |     20000 | NS      | $1106600.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.            | GREENBRIER COS   | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     15000 | NS      | $690750.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc.                            | PORTILLO'S-CL A  | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140000 | NS      | $1633800.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | KRATOS DEFENSE & | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     65000 | NS      | $3019250.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                             | ON HOLDING AG-A  | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     85000 | NS      | $4424250.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                             | SM ENERGY CO     | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     70000 | NS      | $1729700.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                        | RH               | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     15000 | NS      | $2835150.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | EAGLE MATERIALS  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     25000 | NS      | $5052750.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.                    | CINEMARK HOLDING | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     90000 | NS      | $2716200.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                   | BANC OF CALIFORN | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    280000 | NS      | $3934000.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation            | TEXAS PACIFIC LA | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $5281950.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Limited                     | GENIUS SPORTS LT | CUSIP: G3934V109<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    450000 | NS      | $4680000.00   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                 | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     75000 | NS      | $3901500.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                 | PROSPERITY BNCSH | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70000 | NS      | $4916800.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                       | VARONIS SYSTEMS  | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     45000 | NS      | $2283750.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                             | GEO GROUP INC/TH | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    130000 | NS      | $3113500.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                         | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140000 | NS      | $2619400.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                  | GROUP 1 AUTOMOTI | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     10000 | NS      | $4367100.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                             | MAXLINEAR        | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    280000 | NS      | $3978800.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                 | MATADOR RESOURCE | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    175000 | NS      | $8351000.00   | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | ACADEMY SPORTS & | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $4481000.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited               | TOWER SEMICONDCT | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     90000 | NS      | $3901500.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation          | CARPENTER TECH   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      9000 | NS      | $2487420.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer