NORTHERN LTS FD TR II

Ticker: GGM CUSIP: 66538F157 Class: GGM MACRO ALIGNM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

GTS SECURITIES LLC
Value ($000) $682 (+56.4%) Shares 25,042 (+55.3%)

Decreased Positions (2)

Waverly Advisors, LLC
Value ($000) $14,693 (-4.9%) Shares 539,448 (-5.5%)
UBS Group AG
Value ($000) $11 (-32.2%) Shares 400 (-32.7%)