# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-007597
**Filing Date:** 2026-5
**Character Count:** 17981
**Document Hash:** 9d0d1761219f4806ee635ad348d76608
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007597.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007597

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261029776

**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 Cap Growth Fund (Series ID: S000081359)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000244084 | Retail Class Shares        |  |
| C000244085 | Institutional 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 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:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $163400379.93

**Total Liabilities:** $1949734.26

**Net Assets:** $161450645.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244084 | 6.35%                | 3.78%                | -4.50%               |
| Class ID C000244085 | 6.33%                | 3.83%                | -4.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4997711.83              | $5054822.15                                |
| Month 2  | $4261216.54              | $2084728.90                                |
| Month 3  | $-2442611.80             | $-5195103.28                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Sports and Outdoors Inc   | ACADEMY SPORTS &     | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     90000 | NS      | $5080500.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.            | ALKAMI TECHNOLOG     | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |    160000 | NS      | $2507200.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                        | ARCOSA INC           | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     20000 | NS      | $2122800.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.               | AVIAT NETWORKS I     | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     85000 | NS      | $1921850.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.           | BANC OF CALIFORN     | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    300000 | NS      | $5274000.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                          | BANK OZK             | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     80000 | NS      | $3671200.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation  | CARPENTER TECH       | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      7000 | NS      | $2759050.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.            | CINEMARK HOLDING     | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     90000 | NS      | $2566800.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                  | CLEAR SECURE I-A     | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $3630750.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc              | CLEVELAND-CLIFFS     | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    250000 | NS      | $2112500.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company         | COMMERCIAL METAL     | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     70000 | NS      | $4300100.00   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc         | DIGITALOCEAN HOL     | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     80000 | NS      | $6862400.00   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.              | EAGLE MATERIALS      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     30000 | NS      | $5683500.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.        | ETHAN ALLEN          | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $2226000.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | FIRST AM-TR OB-X     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1152979 | PA      | $1152978.90   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc  | FIRST WATCH REST     | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    210000 | NS      | $2200800.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                  | GATX CORP            | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     27000 | NS      | $4609980.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                     | GEO GROUP INC/TH     | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    185000 | NS      | $3109850.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.            | GILDAN ACTIVEWEA     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     80000 | NS      | $4452000.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc         | HALOZYME THERAPE     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     52000 | NS      | $3360760.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc. | HANOVER INSURANC     | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     20000 | NS      | $3467000.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                | IPG PHOTONICS        | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     22000 | NS      | $2520980.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | KIRBY CORP           | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     22000 | NS      | $2923360.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation               | KNOWLES CORP         | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    140000 | NS      | $3595200.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company         | MATADOR RESOURCE     | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    175000 | NS      | $11056500.00  | 6.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                     | MAXLINEAR            | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    230000 | NS      | $3999700.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                       | PLEXUS CORP          | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     10000 | NS      | $2025400.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.            | POWELL INDS INC      | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      4500 | NS      | $2434860.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                | RH                   | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     15000 | NS      | $2097300.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation               | SEMTECH CORP         | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     31000 | NS      | $2383590.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                 | SHOE CARNIVAL        | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135000 | NS      | $2104650.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp         | TAYLOR MORRISON      | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     70000 | NS      | $4076800.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                      | TERAWULF INC         | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    500000 | NS      | $7215000.00   | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.    | TEXAS CAPITAL BA     | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     55000 | NS      | $5218400.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation    | TEXAS PACIFIC LA     | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13500 | NS      | $6406560.00   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc               | TEXAS ROADHOUS       | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     17500 | NS      | $2889950.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation          | TUTOR PERINI COR     | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     50000 | NS      | $3859500.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc           | US PHYSICAL THER     | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     25000 | NS      | $1874000.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                | VAIL RESORTS         | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     29000 | NS      | $3721280.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                   | WHIRLPOOL CORP       | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     30000 | NS      | $1617600.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | DOCN US 04/10/26 C74 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -100 | NC      | $-125500.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                               | DOCN US 04/10/26 C90 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -100 | NC      | $-24000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BBB Foods Inc                     | BBB FOODS INC-A      | CUSIP: G0896C103<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     80000 | NS      | $2829600.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                   | SHARKNINJA INC       | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     30000 | NS      | $3177000.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                     | ON HOLDING AG-A      | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     67600 | NS      | $2299752.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited       | TOWER SEMICONDCT     | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     25000 | NS      | $4387000.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.           | NAVIGATOR HOLDIN     | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    200000 | NS      | $3866000.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer