# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-004260
**Filing Date:** 2025-11
**Character Count:** 17947
**Document Hash:** ef0e7fb6fb235894123f31ab0c401dba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004260.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004260

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**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:** 251527057

**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

### Hodges Small Intrinsic Value Fund (Series ID: S000081360)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000244086 | Retail Class Shares |  |

## 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 Intrinsic Value Fund

- **b. EDGAR series identifier (if any):** S000081360

- **c. LEI of Series:** 529900YR6QZCLM5S3I59

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $55868622.44

**Total Liabilities:** $288475.14

**Net Assets:** $55580147.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244086 | 3.55%                | 8.45%                | -0.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78051.76                | $1775389.32                                |
| Month 2  | $448267.28               | $3900242.32                                |
| Month 3  | $1479830.67              | $-1816671.63                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RXO Inc.                          | RXO INC          | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     57400 | NS      | $882812.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.          | GROUP 1 AUTOMOTI | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      2725 | NS      | $1192214.75   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                     | GEO GROUP INC/TH | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     51100 | NS      | $1047039.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp         | TAYLOR MORRISON  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     30275 | NS      | $1998452.75   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc              | CLEVELAND-CLIFFS | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    143665 | NS      | $1752713.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc.             | MYERS INDS INC   | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |     13300 | NS      | $225302.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc.                      | TIPTREE INC      | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $594270.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.    | TEXAS CAPITAL BA | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     22900 | NS      | $1935737.00   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited       | TOWER SEMICONDCT | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     16300 | NS      | $1178490.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.            | CINEMARK HOLDING | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     27900 | NS      | $781758.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc         | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     15100 | NS      | $1107434.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.            | ALKAMI TECHNOLOG | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45200 | NS      | $1122768.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunopta Inc                       | SUNOPTA INC      | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    249000 | NS      | $1459140.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | KIRBY CORP       | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     13850 | NS      | $1155782.50   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Incorporated               | DIODES INC       | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     12800 | NS      | $681088.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Lovesac Company               | LOVESAC CO/THE   | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37500 | NS      | $634875.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.           | NAVIGATOR HOLDIN | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |     74300 | NS      | $1150907.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                          | BANK OZK         | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     13600 | NS      | $693328.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                | KONTOOR BRAND    | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     16800 | NS      | $1340136.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company         | MATADOR RESOURCE | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     17400 | NS      | $781782.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.              | EAGLE MATERIALS  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      7900 | NS      | $1841016.00   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.               | AVIAT NETWORKS I | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     41300 | NS      | $947009.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp            | HILLMAN SOLUTION | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $1009800.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp.                 | VOX ROYALTY CORP | CUSIP: 92919F103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    156000 | NS      | $670800.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                           | P10 INC-A        | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127800 | NS      | $1390464.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | FIRST AM-TR OB-X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    683940 | PA      | $683940.15    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                 | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86418 | NS      | $1796630.22   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratus Properties Inc.           | STRATUS PROP     | CUSIP: 863167201<br>LEI: 5493008I6ZRDZWT8ZZ15 | Long             | EC               | CORP              | US        |     51300 | NS      | $1085508.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc   | ACADEMY SPORTS & | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38500 | NS      | $1925770.00   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp.                   | BANCFIRST CORP   | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     14400 | NS      | $1820880.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                   | BLUE BIRD CORP   | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     15700 | NS      | $903535.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc              | HILLTOP HOLDINGS | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     36800 | NS      | $1229856.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                           | AZZ INC          | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      5500 | NS      | $600215.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.        | ETHAN ALLEN      | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57900 | NS      | $1705734.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                     | MAXLINEAR        | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     66200 | NS      | $1064496.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc.                  | CITI TRENDS INC  | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |     15600 | NS      | $484068.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc. | HANOVER INSURANC | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      6425 | NS      | $1166972.75   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.            | POWELL INDS INC  | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      4700 | NS      | $1432607.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Research Solutions Inc            | RESEARCH SOLUTIO | CUSIP: 761025105<br>LEI: 549300TYWPCKGK141Q94 | Long             | EC               | CORP              | US        |    178000 | NS      | $663940.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                  | NCR ATLEOS CORP  | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     28300 | NS      | $1112473.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company         | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     29115 | NS      | $1667707.20   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.   | GULFPORT ENERGY  | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      7900 | NS      | $1429742.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc             | TRIUMPH FINANCIA | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     24600 | NS      | $1230984.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation | HORACE MANN EDUC | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     29200 | NS      | $1318964.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc  | RYMAN HOSPITALIT | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      6900 | NS      | $618171.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.    | GREENBRIER COS   | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     11800 | NS      | $544806.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.           | BANC OF CALIFORN | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    105200 | NS      | $1741060.00   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.           | PRIMORIS SERVICE | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     13600 | NS      | $1867688.00   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer