NORTHERN LTS FD TR III

Ticker: CPAI CUSIP: 66538R540 Class: COUNTERPOINT QUA

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

Outlook Wealth Advisors, LLC

Value ($000) $804 Shares 20,045

INSIGNEO ADVISORY SERVICES, LLC

Value ($000) $2,297 Shares 57,290

Accurate Wealth Management, LLC

Value ($000) $351 Shares 8,117

Kovack Advisors, Inc.

Value ($000) $358 Shares 8,935

Jacobi Capital Management LLC

Value ($000) $237 Shares 5,900

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $286 Shares 7,128

Kestra Advisory Services, LLC

Value ($000) $31 Shares 762

Institution	Shares	Value ($000)
Outlook Wealth Advisors, LLC	20,045	$804
INSIGNEO ADVISORY SERVICES, LLC	57,290	$2,297
Accurate Wealth Management, LLC	8,117	$351
Kovack Advisors, Inc.	8,935	$358
Jacobi Capital Management LLC	5,900	$237
COMMONWEALTH EQUITY SERVICES, LLC	7,128	$286
Kestra Advisory Services, LLC	762	$31

Increased Positions (17)

Counterpoint Mutual Funds LLC

Value ($000) $58,992 (+14.9%) Shares 1,471,116 (+13.1%)

U.S. Capital Wealth Advisors, LLC

Value ($000) $8,409 (+127.6%) Shares 209,707 (+124.2%)

Inscription Capital, LLC

Value ($000) $1,505 (+20.4%) Shares 37,542 (+18.6%)

Nilsine Partners, LLC

Value ($000) $2,218 (+8.0%) Shares 55,311 (+6.3%)

Sunbelt Securities, Inc.

Value ($000) $548 (+49.5%) Shares 13,660 (+47.3%)

Concurrent Investment Advisors, LLC

Value ($000) $3,179 (+10.5%) Shares 79,268 (+8.8%)

Steward Partners Investment Advisory, LLC

Value ($000) $3,275 (+12.4%) Shares 81,662 (+10.7%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $4,575 (+21.1%) Shares 114,097 (+19.3%)

LPL Financial LLC

Value ($000) $3,963 (+24.1%) Shares 98,831 (+22.2%)

Equitable Holdings, Inc.

Value ($000) $1,910 (+10.2%) Shares 47,620 (+8.5%)

ROYAL BANK OF CANADA

Value ($000) $796 (+77.7%) Shares 19,858 (+75.2%)

OSAIC HOLDINGS, INC.

Value ($000) $4,645 (+13.6%) Shares 115,839 (+5.3%)

Cetera Investment Advisers

Value ($000) $2,620 (+11.1%) Shares 65,332 (+9.4%)

NewEdge Advisors, LLC

Value ($000) $1,007 (+8.1%) Shares 25,118 (+6.5%)

IFP Advisors, Inc

Value ($000) $36 (+233.3%) Shares 906 (+228.3%)

JPMORGAN CHASE & CO

Value ($000) $285 (+11.6%) Shares 7,102 (+9.9%)

Mariner, LLC

Value ($000) $807 (+3.6%) Shares 20,113 (+2.0%)

Institution	Prev Shares	Curr Shares	Change
Counterpoint Mutual Funds LLC	1,300,416	1,471,116	+170,700 (+13.1%)
U.S. Capital Wealth Advisors, LLC	93,556	209,707	+116,151 (+124.2%)
Inscription Capital, LLC	31,650	37,542	+5,892 (+18.6%)
Nilsine Partners, LLC	52,021	55,311	+3,290 (+6.3%)
Sunbelt Securities, Inc.	9,275	13,660	+4,385 (+47.3%)
Concurrent Investment Advisors, LLC	72,844	79,268	+6,424 (+8.8%)
Steward Partners Investment Advisory, LLC	73,801	81,662	+7,861 (+10.7%)
RAYMOND JAMES FINANCIAL INC	95,657	114,097	+18,440 (+19.3%)
LPL Financial LLC	80,883	98,831	+17,948 (+22.2%)
Equitable Holdings, Inc.	43,890	47,620	+3,730 (+8.5%)
ROYAL BANK OF CANADA	11,333	19,858	+8,525 (+75.2%)
OSAIC HOLDINGS, INC.	110,030	115,839	+5,809 (+5.3%)
Cetera Investment Advisers	59,694	65,332	+5,638 (+9.4%)
NewEdge Advisors, LLC	23,593	25,118	+1,525 (+6.5%)
IFP Advisors, Inc	276	906	+630 (+228.3%)
JPMORGAN CHASE & CO	6,461	7,102	+641 (+9.9%)
Mariner, LLC	19,712	20,113	+401 (+2.0%)

Decreased Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $229 (-73.1%) Shares 5,706 (-73.5%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $500 (-4.1%) Shares 12,461 (-5.6%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	21,523	5,706	-15,817 (-73.5%)
ENVESTNET ASSET MANAGEMENT INC	13,195	12,461	-734 (-5.6%)

Exited Positions (1)

Global Assets Advisory, LLC

Value ($000) $1,109 Shares 28,078

Institution	Prev Shares	Prev Value ($000)
Global Assets Advisory, LLC	28,078	$1,109