# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-004371
**Filing Date:** 2025-11
**Character Count:** 30497
**Document Hash:** c8977a2e3622f770d55bee290ad45518
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004371.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002000324-25-004371

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 251509979

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinnaker ETF Trust
- **DATE OF NAME CHANGE:** 20100212

## Series and Classes Contracts Data

### Langar Global HealthTech ETF (Series ID: S000082910)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000246254 | Langar Global HealthTech ETF | LGHT            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 424 | Langar Global Health Tech ETF | DXCM | DEXCOM INC COM |  |  | 252131107 |  | UNGROUPED SECURITIES |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 67.29 |  |  |  |  |  | DEXCOM INC COM |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 2790.00 | 212358.36 | 212358.36 | 187739.10 | 187739.10 | -24619.26 | -24619.26 | 0.00 | False | 0.00 | N/A | 4.78 | 4.78 | 4.79 | 0.00 |  |  | DXCM<br> N | MP |
| 424 | Langar Global Health Tech ETF | BNTX | BioNTech SE |  |  | 09075V102 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 98.62 |  |  |  |  |  | BioNTech SE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2852.62 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1338.00 | 131752.25 | 131752.25 | 131953.56 | 131953.56 | 201.31 | 201.31 | 2.16 | False | 0.00 | N/A | 3.36 | 3.36 | 3.36 | 0.00 |  | 894500UZJ5LG1F8J1U58 | BNTX<br> N | MP |
| 424 | Langar Global Health Tech ETF | MRNA | Moderna Inc |  |  | 60770K107 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 25.83 |  |  |  |  |  | Moderna Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 2196.00 | 80819.53 | 80819.53 | 56722.68 | 56722.68 | -24096.85 | -24096.85 | 0.00 | False | 0.00 | N/A | 1.45 | 1.44 | 1.45 | 0.00 |  |  | MRNA<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALGN | Align Technology Inc |  |  | 016255101 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 125.22 |  |  |  |  |  | Align Technology Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 512.00 | 109792.56 | 109792.56 | 64112.64 | 64112.64 | -45679.92 | -45679.92 | 0.00 | False | 0.00 | N/A | 1.63 | 1.63 | 1.63 | 0.00 |  |  | ALGN | MP |
| 424 | Langar Global Health Tech ETF | CHEOY | Cochlear Ltd |  |  | 191459205 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | AUD | AUSTRALIA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 92.39 |  |  |  |  |  | Cochlear Ltd |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1097.00 | 106518.09 | 106518.09 | 101346.35 | 101346.35 | -5171.75 | -5171.75 | 0.00 | False | 0.00 | N/A | 2.58 | 2.58 | 2.58 | 0.00 |  | 5493001OLLWY8KV5UC08 | CHEOY<br> N | MP |
| 424 | Langar Global Health Tech ETF | PODD | Insulet Corp |  |  | 45784P101 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 308.73 |  |  |  |  |  | Insulet Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 598.00 | 151209.35 | 151209.35 | 184620.54 | 184620.54 | 33411.19 | 33411.19 | 0.00 | False | 0.00 | N/A | 4.70 | 4.70 | 4.71 | 0.00 |  |  | PODD<br> N | MP |
| 424 | Langar Global Health Tech ETF | ISRG | Intuitive Surgical I | nc |  | 46120E602 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 447.23 |  |  |  |  |  | Intuitive Surgical I | nc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 998.00 | 469937.50 | 469937.50 | 446335.54 | 446335.54 | -23601.96 | -23601.96 | 0.00 | False | 0.00 | N/A | 11.37 | 11.37 | 11.38 | 0.00 |  |  | ISRG<br> N | MP |
| 424 | Langar Global Health Tech ETF | IRTC | iRhythm Technologies | Inc |  | 450056106 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 171.99 |  |  |  |  |  | iRhythm Technologies | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 313.00 | 39830.15 | 39830.15 | 53832.87 | 53832.87 | 14002.72 | 14002.72 | 0.00 | False | 0.00 | N/A | 1.37 | 1.37 | 1.37 | 0.00 |  |  | IRTC<br> N | MP |
| 424 | Langar Global Health Tech ETF | PHG | Koninklijke Philips | NV |  | 500472303 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | NLG | NETHERLANDS |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.26 |  |  |  |  |  | Koninklijke Philips | NV |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5499.03 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 6299.00 | 148870.56 | 148870.56 | 171710.74 | 171710.74 | 22840.18 | 22840.18 | 3.20 | False | 0.00 | N/A | 4.38 | 4.37 | 4.38 | 0.00 |  |  | PHG<br> N | MP |
| 424 | Langar Global Health Tech ETF | MASI | Masimo Corp |  |  | 574795100 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 147.55 |  |  |  |  |  | Masimo Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 714.00 | 110645.14 | 110645.14 | 105350.70 | 105350.70 | -5294.44 | -5294.44 | 0.00 | False | 0.00 | N/A | 2.68 | 2.68 | 2.69 | 0.00 |  |  | MASI<br> N | MP |
| 424 | Langar Global Health Tech ETF | PRCT | PROCEPT BioRobotics | Corp |  | 74276L105 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 35.69 |  |  |  |  |  | PROCEPT BioRobotics | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 565.00 | 32200.15 | 32200.15 | 20164.85 | 20164.85 | -12035.30 | -12035.30 | 0.00 | False | 0.00 | N/A | 0.51 | 0.51 | 0.51 | 0.00 |  |  | PRCT<br> N | MP |
| 424 | Langar Global Health Tech ETF | RMD | ResMed Inc |  |  | 761152107 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 273.73 |  |  |  |  |  | ResMed Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2208.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1200.00 | 277347.56 | 277347.56 | 328476.00 | 328476.00 | 51128.44 | 51128.44 | 0.67 | False | 0.00 | N/A | 8.37 | 8.37 | 8.37 | 0.00 |  |  | RMD<br> N | MP |
| 424 | Langar Global Health Tech ETF | SMMNY | Siemens Healthineers | AG |  | 82622J104 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | DEM | GERMANY |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 27.06 |  |  |  |  |  | Siemens Healthineers | AG |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 12095.00 | 327737.70 | 327737.70 | 327326.99 | 327326.99 | -410.72 | -410.72 | 0.00 | False | 0.00 | N/A | 8.34 | 8.34 | 8.34 | 0.00 |  | 529900QBVWXMWANH7H45 | SMMNY<br> N | MP |
| 424 | Langar Global Health Tech ETF | SONVY | Sonova Holding AG |  |  | 83569C102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | CHF | SWITZERLAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 54.45 |  |  |  |  |  | Sonova Holding AG |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 3424.00 | 212558.64 | 212558.64 | 186436.80 | 186436.80 | -26121.84 | -26121.84 | 0.00 | False | 0.00 | N/A | 4.75 | 4.75 | 4.75 | 0.00 |  | 5299004A0QNX7FBNHS61 | SONVY<br> N | MP |
| 424 | Langar Global Health Tech ETF | TNDM | Tandem Diabetes Care | Inc |  | 875372203 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 12.14 |  |  |  |  |  | Tandem Diabetes Care | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 548.00 | 13066.95 | 13066.95 | 6652.72 | 6652.72 | -6414.23 | -6414.23 | 0.00 | False | 0.00 | N/A | 0.17 | 0.17 | 0.17 | 0.00 |  |  | TNDM<br> N | MP |
| 424 | Langar Global Health Tech ETF | ZBH | Zimmer Biomet Holdin | gs Inc |  | 98956P102 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 98.50 |  |  |  |  |  | Zimmer Biomet Holdin | gs Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1600.32 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1667.00 | 180109.05 | 180109.05 | 164199.50 | 164199.50 | -15909.55 | -15909.55 | 0.97 | False | 0.00 | N/A | 4.18 | 4.18 | 4.19 | 0.00 |  |  | ZBH<br> N | MP |
| 424 | Langar Global Health Tech ETF | IQV | IQVIA Holdings Inc |  |  | 46266C105 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CT | CONNECTICUT | USD | US DOLLAR | 1/0/1900 |  |  | 189.94 |  |  |  |  |  | IQVIA Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 828.00 | 150327.24 | 150327.24 | 157270.32 | 157270.32 | 6943.08 | 6943.08 | 0.00 | False | 0.00 | N/A | 4.01 | 4.01 | 4.01 | 0.00 |  |  | IQV<br> N | MP |
| 424 | Langar Global Health Tech ETF | LFST | LifeStance Health Gr | oup Inc |  | 53228F101 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 5.50 |  |  |  |  |  | LifeStance Health Gr | oup Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 884.00 | 5799.51 | 5799.51 | 4862.00 | 4862.00 | -937.51 | -937.51 | 0.00 | False | 0.00 | N/A | 0.12 | 0.12 | 0.12 | 0.00 |  |  | LFST<br> N | MP |
| 424 | Langar Global Health Tech ETF | TDOC | Teladoc Inc |  |  | 87918A105 | 1055 | UNKNOWN - AUTOLOADED |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 7.73 |  |  |  |  |  | Teladoc Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1250.00 | 15429.70 | 15429.70 | 9662.50 | 9662.50 | -5767.20 | -5767.20 | 0.00 | False | 0.00 | N/A | 0.25 | 0.25 | 0.25 | 0.00 |  |  | TDOC<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALHC | Alignment Healthcare | Inc |  | 01625V104 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 17.45 |  |  |  |  |  | Alignment Healthcare | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 670.00 | 9950.09 | 9950.09 | 11691.50 | 11691.50 | 1741.41 | 1741.41 | 0.00 | False | 0.00 | N/A | 0.30 | 0.30 | 0.30 | 0.00 |  |  | ALHC<br> N | MP |
| 424 | Langar Global Health Tech ETF | DOCS | Doximity Inc |  |  | 26622P107 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 73.15 |  |  |  |  |  | Doximity Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1795.00 | 98290.09 | 98290.09 | 131304.25 | 131304.25 | 33014.16 | 33014.16 | 0.00 | False | 0.00 | N/A | 3.35 | 3.34 | 3.35 | 0.00 |  |  | DOCS<br> N | MP |
| 424 | Langar Global Health Tech ETF | OMCL | Omnicell Inc |  |  | 68213N109 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 30.45 |  |  |  |  |  | Omnicell Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 390.00 | 13533.47 | 13533.47 | 11875.50 | 11875.50 | -1657.97 | -1657.97 | 0.00 | False | 0.00 | N/A | 0.30 | 0.30 | 0.30 | 0.00 |  |  | OMCL<br> N | MP |
| 424 | Langar Global Health Tech ETF | PHR | PHREESIA INC |  |  | 71944F106 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 23.52 |  |  |  |  |  | PHREESIA INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 342.00 | 8619.71 | 8619.71 | 8043.84 | 8043.84 | -575.87 | -575.87 | 0.00 | False | 0.00 | N/A | 0.20 | 0.20 | 0.21 | 0.00 |  |  | PHR<br> N | MP |
| 424 | Langar Global Health Tech ETF | SDGR | SCHRODINGER INC |  |  | 80810D103 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 20.06 |  |  |  |  |  | SCHRODINGER INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 536.00 | 12238.17 | 12238.17 | 10752.16 | 10752.16 | -1486.01 | -1486.01 | 0.00 | False | 0.00 | N/A | 0.27 | 0.27 | 0.27 | 0.00 |  |  | SDGR<br> N | MP |
| 424 | Langar Global Health Tech ETF | TBRG | TRUEBRIDGE INC |  |  | 205306103 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DE | DELAWARE | USD | US DOLLAR | 1/0/1900 |  |  | 20.17 |  |  |  |  |  | TRUEBRIDGE INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 5.20 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 52.00 | 862.21 | 862.21 | 1048.84 | 1048.84 | 186.63 | 186.63 | 0.50 | False | 0.00 | N/A | 0.03 | 0.03 | 0.03 | 0.00 |  |  | TBRG<br> N | MP |
| 424 | Langar Global Health Tech ETF | VEEV | Veeva Systems Inc |  |  | 922475108 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 297.91 |  |  |  |  |  | Veeva Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1291.00 | 313968.66 | 313968.66 | 384601.81 | 384601.81 | 70633.15 | 70633.15 | 0.00 | False | 0.00 | N/A | 9.80 | 9.80 | 9.80 | 0.00 |  |  | VEEV<br> N | MP |
| 424 | Langar Global Health Tech ETF | PGNY | Progyny, Inc |  |  | 74340E103 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 21.52 |  |  |  |  |  | Progyny, Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 514.00 | 13975.85 | 13975.85 | 11061.28 | 11061.28 | -2914.57 | -2914.57 | 0.00 | False | 0.00 | N/A | 0.28 | 0.28 | 0.28 | 0.00 |  |  | PGNY<br> N | MP |
| 424 | Langar Global Health Tech ETF | PRVA | Privia Health Group | Inc |  | 74276R102 | G30G | Med.Tech. & Supplies |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 24.90 |  |  |  |  |  | Privia Health Group | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 882.00 | 19732.86 | 19732.86 | 21961.80 | 21961.80 | 2228.94 | 2228.94 | 0.00 | False | 0.00 | N/A | 0.56 | 0.56 | 0.56 | 0.00 |  |  | PRVA<br> N | MP |
| 424 | Langar Global Health Tech ETF | ALKS | Alkermes PLC |  |  | G01767105 | G40G | Pharmaceuticals |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 30.00 |  |  |  |  |  | Alkermes PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 1718.00 | 50668.91 | 50668.91 | 51540.00 | 51540.00 | 871.09 | 871.09 | 0.00 | False | 0.00 | N/A | 1.31 | 1.31 | 1.31 | 0.00 |  |  | ALKS<br> N | MP |
| 424 | Langar Global Health Tech ETF | GEHC | GE HealthCare | Technologies Inc. |  | 36266G107 | G40G | Pharmaceuticals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 75.10 |  |  |  |  |  | GE HealthCare | Technologies Inc. |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 204.75 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 2275.00 | 169398.42 | 169398.42 | 170852.50 | 170852.50 | 1454.08 | 1454.08 | 0.12 | False | 0.00 | N/A | 4.35 | 4.35 | 4.36 | 0.00 |  |  | GEHC<br> N | MP |
| 424 | Langar Global Health Tech ETF | AMBXX | UMB MONEY MARKET | SPECIAL II |  | SF8888628 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 10/1/2025 |  |  | 100.00 |  |  |  |  |  | UMB MONEY MARKET | SPECIAL II |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 17030.00 | L<br> N |  |  | 9/30/2025<br> C |  | 424;USD | USD | 400707.11 | 400707.11 | 400707.11 | 400707.11 | 400707.11 | 0.00 | 0.00 | 4.85 | False | 4.83 |  | 10.21 | 10.21 | 10.21 | 0.00 |  |  | AMBXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SPINNAKER ETF SERIES

- **b. Investment Company Act file number:** 811-22398

- **c. CIK number of Registrant:** 0001484018

- **d. LEI of Registrant:** 54930056GHDI2JOI6X90

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

  - **Street Address 1:** 116 SOUTH FRANKLIN STREET

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804-5707

  - **Telephone number:** 252-972-9922

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

- **a. Name of Series:** Langar Global Health Tech ETF

- **b. EDGAR series identifier (if any):** S000082910

- **c. LEI of Series:** 529900D9X7OHMO3DS386

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $3925664.16

**Total Liabilities:** $2845.51

**Net Assets:** $3922818.65

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246254 | -3.55%               | 1.83%                | -2.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $90044.56                | $-237455.57                                |
| Month 2  | $0.00                    | $66060.59                                  |
| Month 3  | $-39056.07               | $-49551.75                                 |

**Designated Index Information**

- **Index Name:** NA

- **Index Identifier:** NA

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Align Technology Inc | COMMSTCK | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       512 | NS      | $64112.64     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare | COMMSTCK | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       670 | NS      | $11691.50     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC         | COMMSTCK | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1718 | NS      | $51540.00     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE          | COMMSTCK | CUSIP: 09075V102<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      1338 | NS      | $131953.56    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cochlear Ltd         | COMMSTCK | CUSIP: 191459205<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      1097 | NS      | $101346.35    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc         | COMMSTCK | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1795 | NS      | $131304.25    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC COM       | COMMSTCK | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2790 | NS      | $187739.10    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare        | COMMSTCK | CUSIP: 36266G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2275 | NS      | $170852.50    | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc   | COMMSTCK | CUSIP: 46266C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       828 | NS      | $157270.32    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies | COMMSTCK | CUSIP: 450056106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       313 | NS      | $53832.87     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical I | COMMSTCK | CUSIP: 46120E602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       998 | NS      | $446335.54    | 11.38%            |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Gr | COMMSTCK | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       884 | NS      | $4862.00      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp          | COMMSTCK | CUSIP: 574795100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       714 | NS      | $105350.70    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc          | COMMSTCK | CUSIP: 60770K107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2196 | NS      | $56722.68     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc         | COMMSTCK | CUSIP: 68213N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       390 | NS      | $11875.50     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc          | COMMSTCK | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       514 | NS      | $11061.28     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips  | COMMSTCK | CUSIP: 500472303<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      6299 | NS      | $171710.74    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PHREESIA INC         | COMMSTCK | CUSIP: 71944F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       342 | NS      | $8043.84      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp         | COMMSTCK | CUSIP: 45784P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       598 | NS      | $184620.54    | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics  | COMMSTCK | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       565 | NS      | $20164.85     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group  | COMMSTCK | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       882 | NS      | $21961.80     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc           | COMMSTCK | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1200 | NS      | $328476.00    | 8.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHRODINGER INC      | COMMSTCK | CUSIP: 80810D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       536 | NS      | $10752.16     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers | COMMSTCK | CUSIP: 82622J104<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |     12095 | NS      | $327326.99    | 8.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG    | COMMSTCK | CUSIP: 83569C102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      3424 | NS      | $186436.80    | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUEBRIDGE INC       | COMMSTCK | CUSIP: 205306103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        52 | NS      | $1048.84      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Inc          | COMMSTCK | CUSIP: 87918A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1250 | NS      | $9662.50      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care | COMMSTCK | CUSIP: 875372203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       548 | NS      | $6652.72      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc    | COMMSTCK | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1291 | NS      | $384601.81    | 9.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdin | COMMSTCK | CUSIP: 98956P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1667 | NS      | $164199.50    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET     | MONEYMKT | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             |  | US        |    400707 | NS      | $400707.11    | 10.21%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-13

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

**Title:** Principal Accounting Officer/Principal Financial Officer