NPORT-P
false
0001352621
XXXXXXXX
S000088357
C000254615
C000254614
Northern Lights Variable Trust
811-21853
0001352621
549300JG5J5V82S8VI88
225 PICTORIA DRIVE
SUITE 450
CINCINNATI
45246
631-470-2600
Bain Capital Equity Opportunities Fund
S000088357
5299006KV15Q2BBYJK43
2025-12-31
2025-09-30
N
33399312.62
2517180.29
30882132.33
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
4946.85999999
N
Liberty Media Corp Del
549300ZKUTPIBZLWLL89
LIBERTY MEDIA CO
531229755
19259.00000000
NS
USD
2011602.55000000
6.513807170128
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
CURRENCY CONTRACT - EUR
N/A
101858.38000000
NC
USD
93.30000000
0.000302116443
N/A
DFE
CORP
N/A
N
2
BANK OF NEW YORK MELLON CORP
HPFHU0OQ28E4N0NFVK49
-101858.38000000
USD
86767.00000000
EUR
2025-10-02
93.30000000
N
N
N
Taiwan Semiconductor Manufacturing Co., Ltd.
549300KB6NK5SBD14S87
TAIWAN SEMIC-ADR
874039100
5080.00000000
NS
USD
1418793.20000000
4.594220324034
Long
EC
CORP
TW
N
1
N
N
N
Cadence Design Systems, Inc.
GCT7RXJOGLXPV0NXZY22
CADENCE DESIGN
127387108
3944.00000000
NS
USD
1385369.44000000
4.485990232786
Long
EC
CORP
US
N
1
N
N
N
Performance Food Group Co.
549300EUK8GR9IT1YK57
PERFORMANCE FOOD
71377A103
16288.00000000
NS
USD
1694603.52000000
5.487326787839
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
CURRENCY CONTRACT - GBP
N/A
93529.08000000
NC
USD
93.70000000
0.000303411691
N/A
DFE
CORP
N/A
N
2
BANK OF NEW YORK MELLON CORP
HPFHU0OQ28E4N0NFVK49
-93529.08000000
USD
69543.00000000
GBP
2025-10-02
93.70000000
N
N
N
Broadcom Inc
549300WV6GIDOZJTV909
BROADCOM INC
11135F101
4420.00000000
NS
USD
1458202.20000000
4.721831330874
Long
EC
CORP
US
N
1
N
N
N
Meta Platforms Inc
BQ4BKCS1HXDV9HN80Z93
META PLATFORMS-A
30303M102
2049.00000000
NS
USD
1504744.62000000
4.872541196056
Long
EC
CORP
US
N
1
N
N
N
Autozone, Inc.
GA3JGKJ41LJKXDN23E90
AUTOZONE INC
053332102
449.00000000
NS
USD
1926317.76000000
6.237644924954
Long
EC
CORP
US
N
1
N
N
N
Goldman Sachs Trust
S2FHCT8U6D2VORP0J605
GS-GOVT-FST
38141W273
1342706.19000000
PA
USD
1342706.19000000
4.347841579241
Long
STIV
RF
US
N
1
N
N
N
Microsoft Corp.
INR2EJN1ERAN0W5ZP974
MICROSOFT CORP
594918104
3100.00000000
NS
USD
1605645.00000000
5.199268570066
Long
EC
CORP
US
N
1
N
N
N
Live Nation Entertainment, Inc.
5493007B9BM9ZXJINO78
LIVE NATION ENTE
538034109
9868.00000000
NS
USD
1612431.20000000
5.221243088948
Long
EC
CORP
US
N
1
N
N
N
Coupang Inc.
549300XR4L1D80AK4W76
COUPANG INC
22266T109
51102.00000000
NS
USD
1645484.40000000
5.328273263052
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
CURRENCY CONTRACT - GBP
N/A
59076.05000000
NC
USD
58.31000000
0.000188814682
N/A
DFE
CORP
N/A
N
2
BANK OF NEW YORK MELLON CORP
HPFHU0OQ28E4N0NFVK49
-59076.05000000
USD
43925.00000000
GBP
2025-10-02
58.31000000
N
N
N
Erste Group Bank AG
PQOH26KWDF7CG10L6792
ERSTE GROUP BANK
A19494102
5678.00000000
NS
555083.78000000
1.797426984861
Long
EC
CORP
AT
N
1
N
N
N
Amazon.com, Inc.
ZXTILKJKG63JELOEG630
AMAZON.COM INC
023135106
5640.00000000
NS
USD
1238374.80000000
4.010004188723
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
CURRENCY CONTRACT - EUR
N/A
15229.52000000
NC
USD
13.82000000
0.000044750795
N/A
DFE
CORP
N/A
N
2
BANK OF NEW YORK MELLON CORP
HPFHU0OQ28E4N0NFVK49
-15229.52000000
USD
12973.00000000
EUR
2025-10-02
13.82000000
N
N
N
Rolls-Royce Holdings PLC
213800EC7997ZBLZJH69
ROLLS-ROYCE HOLD
G76225104
174972.00000000
NS
2803132.47000000
9.076874744419
Long
EC
CORP
GB
N
1
N
N
N
Evercore Inc
529900P6KLPT95DW3W58
EVERCORE INC
29977A105
4395.00000000
NS
USD
1482521.40000000
4.800579779135
Long
EC
CORP
US
N
1
N
N
N
Comfort Systems USA Inc.
5299009DT1ZA5HTU6R38
COMFORT SYSTEMS
199908104
1828.00000000
NS
USD
1508429.04000000
4.884471784141
Long
EC
CORP
US
N
1
N
N
N
Prudential PLC
5493001Z3ZE83NGK8Y12
Prudential PLC
G72899100
129407.00000000
NS
1813579.52000000
5.872585159018
Long
EC
CORP
GB
N
1
N
N
N
DSV AS
529900X41C0BSLK67H70
DSV A/S
K31864117
2996.00000000
NS
596342.09000000
1.931026276384
Long
EC
CORP
DK
N
1
N
N
N
Rheinmetall AG
5299001OU9CSE29O6S05
RHEINMETALL AG
D65111102
601.00000000
NS
1401410.59000000
4.537933375276
Long
EC
CORP
DE
N
1
N
N
N
Crane Co.
5493000CQRQOTHUODL75
CRANE CO
224408104
6708.00000000
NS
USD
1235211.12000000
3.999759818398
Long
EC
CORP
US
N
1
N
N
N
Capital One Financial Corp.
ZUE8T73ROZOF6FLBAR73
CAPITAL ONE FINA
14040H105
4015.00000000
NS
USD
853508.70000000
2.763762200354
Long
EC
CORP
US
N
1
N
N
N
Banco Santander, S.A.
5493006QMFDDMYWIAM13
BANCO SANTANDER
E19790109
118136.00000000
NS
1231803.70000000
3.988726189102
Long
EC
CORP
ES
N
1
N
N
N
2025-10-28
Northern Lights Variable Trust
James Colantino
James Colantino
Treasurer
XXXX