# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-000866
**Filing Date:** 2026-1
**Character Count:** 23027
**Document Hash:** 391d945cc71d2370bf136c55cd88337a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000866.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000910472-26-000866

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260531

**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:** 26569078

**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:** 2026-05-31

- **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:** $61572840.22

**Total Liabilities:** $21205406.89

**Net Assets:** $40367433.33

**Cash Not Reported:** $27709109.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233373 | -0.82%               | -0.51%               | -2.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1033878.87              | $-1359672.64                               |
| Month 2  | $-2714979.81             | $2497733.82                                |
| Month 3  | $269334.60               | $-1236238.56                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Corning Incorporated                          | CORNING INC      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-757800.00   | -1.88%            |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                         | EAST WEST BNCRP  | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-426800.00   | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                     | ADOBE INC        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-960390.00   | -2.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                          | AMPHENOL CORP-A  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-493150.00   | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                  | DOORDASH INC-A   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      3832 | NS      | $760153.84    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                | TECHNIPFMC PLC   | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     15185 | NS      | $687273.10    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                 | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6067 | NS      | $1942532.06   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                      | CROWDSTRIKE HO-A | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-1018320.00  | -2.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                         | UBER TECHNOLOGIE | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     11330 | NS      | $991828.20    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                               | MATCH GROUP INC  | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Short            | EC               | CORP              | US        |    -18000 | NS      | $-599580.00   | -1.49%            |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                     | PVH CORP         | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-847600.00   | -2.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                         | QUANTA SERVICES  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Short            | EC               | CORP              | US        |     -1800 | NS      | $-836784.00   | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                     | SAFRAN SA-ADR    | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     12148 | NS      | $1015086.88   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.                  | FLOOR & DECOR-A  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     13163 | NS      | $837430.06    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                               | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      5178 | NS      | $1193736.12   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                           | AXON ENTERPRISE  | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-810210.00   | -2.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                        | ON SEMICONDUCTOR | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     23399 | NS      | $1175565.76   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                 | PINTEREST INC -A | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32673 | NS      | $853418.76    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                   | RESMED INC       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               | CORP              | US        |     -2100 | NS      | $-537243.00   | -1.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                 | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      7660 | NS      | $824062.80    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                               | DRAFTKINGS INC   | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     32016 | NS      | $1061650.56   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                             | CIENA CORP       | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-1021050.00  | -2.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                             | YETI HOLDINGS IN | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     38813 | NS      | $1609963.24   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                            | HCA HEALTHCARE I | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-1016580.00  | -2.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                 | EQUINIX INC      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1144 | NS      | $861786.64    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                   | TRIMBLE INC      | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-977040.00   | -2.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                     | BLOCK INC        | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13152 | NS      | $878553.60    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                     | PALANTIR TECHN-A | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-673800.00   | -1.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                               | LITTELFUSE INC   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Short            | EC               | CORP              | US        |     -3300 | NS      | $-844866.00   | -2.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                         | DELL TECHN-C     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      2863 | NS      | $381781.05    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                   | ADV MICRO DEVICE | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-870120.00   | -2.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                              | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      7162 | NS      | $1670321.64   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                  | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      9638 | NS      | $1705926.00   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                           | AFFIRM HOLDINGS  | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -5000 | NS      | $-354750.00   | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp.                            | ARES CAPITAL COR | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Short            | EC               | RF                | US        |    -51000 | NS      | $-1051620.00  | -2.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                    | BAIDU INC-SP ADR | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      6612 | NS      | $772876.68    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                            | VERTIV HOLDING-A | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-718920.00   | -1.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                           | COINBASE GLOBA-A | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -2500 | NS      | $-682050.00   | -1.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | BANCO LATINOAM-E | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Short            | EC               | CORP              | PA        |    -16000 | NS      | $-718400.00   | -1.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                            | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2456 | NS      | $1591365.20   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated           | VERTEX PHARM     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1563 | NS      | $677732.43    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                            | CIRRUS LOGIC INC | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      3138 | NS      | $377626.92    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                          | UNITED RENTALS   | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-815180.00   | -2.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Technologies Inc                         | SOFI TECHNOLOGIE | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Short            | EC               | CORP              | US        |    -13000 | NS      | $-386360.00   | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                        | MARVELL TECHNOLO | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9226 | NS      | $824804.40    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                        | PALO ALTO NETWOR | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7344 | NS      | $1396314.72   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                  | EMBRAER SA-ADR   | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     10123 | NS      | $634914.56    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                               | THE CIGNA GROUP  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-554560.00   | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                     | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     23194 | NS      | $1656051.60   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                   | LPL FINANCIAL HO | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2691 | NS      | $958103.64    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                            | ROBLOX CORP - A  | CUSIP: 771049103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7000 | NS      | $-665210.00   | -1.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                   | DATADOG INC-A    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      3037 | NS      | $485950.37    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation              | EDWARDS LIFE     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     15334 | NS      | $1328997.78   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                        | FAIR ISAAC CORP  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Short            | EC               | CORP              | US        |      -600 | NS      | $-1083498.00  | -2.68%            |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd.                             | GDS HLDGS - ADR  | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     22499 | NS      | $764291.03    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                                 | PENUMBRA INC     | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      2050 | NS      | $600998.50    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                    | GITLAB INC-CL A  | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     19321 | NS      | $793320.26    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                        | MICRON TECH      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-827680.00   | -2.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                        | CATHAY GENERAL B | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-532840.00   | -1.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                      | ROLLS-ROYCE-ADR  | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     30370 | NS      | $427913.30    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                              | HEALTHEQUITY INC | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      9738 | NS      | $1024242.84   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                    | ALIBABA GRP-ADR  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      6074 | NS      | $955440.20    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer