NPORT-P false 0001484018 XXXXXXXX S000088673 C000255013 SPINNAKER ETF SERIES 811-22398 0001484018 54930056GHDI2JOI6X90 116 SOUTH FRANKLIN STREET ROCKY MOUNT 27804-5707 252-972-9922 Indexperts Quality Earnings Focused ETF S000088673 529900RHR6KWU6NOXQ08 2025-10-31 2025-10-31 N 34720550.97 14823.77 34705727.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N ACADIAN ASSET N/A 10948W103 3329 NS USD 160124.9 0.46 Long EC CORP GB N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 037833100 2697 NS USD 729187.89 2.1 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 002824100 4022 NS USD 497199.64 1.43 Long EC CORP US N 1 N N N AECOM N/A 00766T100 5107 NS USD 686125.45 1.98 Long EC CORP US N 1 N N N American Financial N/A 025932104 1332 NS USD 175397.76 0.51 Long EC CORP US N 1 N N N Argan Inc 529900E4KZWBV9KGBS83 04010E109 560 NS USD 171477.6 0.49 Long EC CORP US N 1 N N N Albany International N/A 012348108 1487 NS USD 84134.46 0.24 Long EC CORP US N 1 N N N Applied Industrial T N/A 03820C105 438 NS USD 112605.42 0.32 Long EC CORP US N 1 N N N Allison Transmission N/A 01973R101 1647 NS USD 135959.85 0.39 Long EC CORP US N 1 N N N AUTOLIV INC N/A 052800109 1658 NS USD 193654.4 0.56 Long EC CORP US N 1 N N N Arista Networks Inc N/A 040413205 8116 NS USD 1279812.04 3.69 Long EC CORP US N 1 N N N Amphenol Corp N/A 032095101 2701 NS USD 376357.34 1.08 Long EC CORP US N 1 N N N ARCBEST CORP N/A 03937C105 1558 NS USD 115790.56 0.33 Long EC CORP US N 1 N N N Ares Capital Corp N/A 04010L103 7699 NS USD 156674.65 0.45 Long EC CORP US N 1 N N N Astrana Health Inc N/A 03763A207 3298 NS USD 102930.58 0.3 Long EC CORP US N 1 N N N Atkore International N/A 047649108 1422 NS USD 98473.5 0.28 Long EC CORP US N 1 N N N Avient Corp N/A 05368V106 2659 NS USD 85274.13 0.25 Long EC CORP US N 1 N N N American Express Co N/A 025816109 748 NS USD 269826.04 0.78 Long EC CORP US N 1 N N N Acuity Brands Inc N/A 00508Y102 611 NS USD 223045.55 0.64 Long EC CORP US N 1 N N N AutoZone Inc GA3JGKJ41LJKXDN23E90 053332102 133 NS USD 488699.19 1.41 Long EC CORP US N 1 N N N AZZ Inc N/A 002474104 1084 NS USD 108237.4 0.31 Long EC CORP US N 1 N N N BJ'S WHOLESALE CLUB N/A 05550J101 1424 NS USD 125682.24 0.36 Long EC CORP US N 1 N N N Berkshire Hathaway I 5493000C01ZX7D35SD85 084670702 1037 NS USD 495208.98 1.43 Long EC CORP US N 1 N N N BOYD GAMING CORP N/A 103304101 2290 NS USD 178322.3 0.51 Long EC CORP US N 1 N N N CACI International I N/A 127190304 339 NS USD 190602.75 0.55 Long EC CORP US N 1 N N N CASEYS GENERAL STORE N/A 147528103 357 NS USD 183208.83 0.53 Long EC CORP US N 1 N N N Cadence Design Syste GCT7RXJOGLXPV0NXZY22 127387108 709 NS USD 240131.21 0.69 Long EC CORP US N 1 N N N Charter Communicatio N/A 16119P108 1335 NS USD 312176.4 0.9 Long EC CORP US N 1 N N N Cigna Corp N/A 125523100 650 NS USD 158866.5 0.46 Long EC CORP US N 1 N N N Centene Corp N/A 15135B101 3428 NS USD 121248.36 0.35 Long EC CORP US N 1 N N N CENCORA INC N/A 03073E105 1880 NS USD 635082.8 1.83 Long EC CORP US N 1 N N N Costco Wholesale Cor 29DX7H14B9S6O3FD6V18 22160K105 515 NS USD 469396.75 1.35 Long EC CORP US N 1 N N N Chesapeake Utilities N/A 165303108 755 NS USD 96096.4 0.28 Long EC CORP US N 1 N N N Catalyst Pharmaceuti N/A 14888U101 11159 NS USD 237351.93 0.68 Long EC CORP US N 1 N N N CRAI INTERNATIONAL N/A 12618T105 513 NS USD 97721.37 0.28 Long EC CORP US N 1 N N N CorVel Corp N/A 221006109 852 NS USD 63005.4 0.18 Long EC CORP US N 1 N N N Cisco Systems Inc 8E6NF1YAL0WT6CWXXV93 17275R102 8980 NS USD 656527.8 1.89 Long EC CORP US N 1 N N N CARRIAGE SERVICES N/A 143905107 2353 NS USD 105179.1 0.3 Long EC CORP US N 1 N N N Cognizant Technology N/A 192446102 6811 NS USD 496385.68 1.43 Long EC CORP US N 1 N N N Curtiss-Wright Corp N/A 231561101 413 NS USD 246036.49 0.71 Long EC CORP US N 1 N N N CRANE NXT CO N/A 224441105 3062 NS USD 193671.5 0.56 Long EC CORP US N 1 N N N Dorman Products Inc N/A 258278100 2072 NS USD 277917.36 0.8 Long EC CORP US N 1 N N N DEXCOM INC COM 549300YSK3QDSFR5EU59 252131107 2526 NS USD 147063.72 0.42 Long EC CORP US N 1 N N N Ethan Allen Interior N/A 297602104 3736 NS USD 90299.12 0.26 Long EC CORP US N 1 N N N ExlService Holdings N/A 302081104 2163 NS USD 84573.3 0.24 Long EC CORP US N 1 N N N National Vision Hold N/A 63845R107 5754 NS USD 148165.5 0.43 Long EC CORP US N 1 N N N FirstCash Inc N/A 33768G107 1201 NS USD 190358.5 0.55 Long EC CORP US N 1 N N N F5 Networks Inc N/A 315616102 1989 NS USD 503316.45 1.45 Long EC CORP US N 1 N N N Fiserv Inc N/A 337738108 2928 NS USD 195268.32 0.56 Long EC CORP US N 1 N N N Fair Isaac Corp RI6HET5SJUEY30V1PS26 303250104 71 NS USD 117826.63 0.34 Long EC CORP US N 1 N N N Comfort Systems USA N/A 199908104 203 NS USD 196012.74 0.56 Long EC CORP US N 1 N N N FOX CORP-CLASS A N/A 35137L105 3246 NS USD 209853.9 0.6 Long EC CORP US N 1 N N N Graham Holdings N/A 384637104 245 NS USD 247971.85 0.71 Long EC CORP US N 1 N N N Genco Shipping & Tra N/A Y2685T131 7239 NS USD 123352.56 0.36 Long EC CORP US N 1 N N N Alphabet Inc N/A 02079K305 3484 NS USD 979665.96 2.82 Long EC CORP US N 1 N N N Hackett Group Inc/Th N/A 404609109 3956 NS USD 71643.16 0.21 Long EC CORP US N 1 N N N HEICO Corp 529900O1DTDLCJ7L0I14 422806109 2840 NS USD 902466.8 2.6 Long EC CORP US N 1 N N N Houlihan Lokey Inc N/A 441593100 904 NS USD 161888.32 0.47 Long EC CORP US N 1 N N N Hilton Worldwide Hol N/A 43300A203 878 NS USD 225610.88 0.65 Long EC CORP US N 1 N N N Hormel Foods Corp N/A 440452100 18466 NS USD 398680.94 1.15 Long EC CORP US N 1 N N N Hawkins Inc N/A 420261109 802 NS USD 113763.7 0.33 Long EC CORP US N 1 N N N International VGRQXHF3J8VDLUA7XE92 459200101 843 NS USD 259146.63 0.75 Long EC CORP US N 1 N N N Ichor Holdings Ltd N/A G4740B105 5741 NS USD 130205.88 0.38 Long EC CORP US N 1 N N N Insteel Industries I N/A 45774W108 2725 NS USD 85129 0.25 Long EC CORP US N 1 N N N Ingles Markets Inc N/A 457030104 1566 NS USD 108210.6 0.31 Long EC CORP US N 1 N N N Jones Lang LaSalle I N/A 48020Q107 700 NS USD 213563 0.62 Long EC CORP US N 1 N N N Kadant Inc N/A 48282T104 327 NS USD 90467.82 0.26 Long EC CORP US N 1 N N N KLA-Tencor Corp 549300H0BF5JCG96TJ81 482480100 281 NS USD 339655.94 0.98 Long EC CORP US N 1 N N N Knight-Swift Transpo N/A 499049104 3851 NS USD 173757.12 0.5 Long EC CORP US N 1 N N N Kroger Co/The N/A 501044101 7496 NS USD 476970.48 1.37 Long EC CORP US N 1 N N N LINDE PUBLIC LIMITED N/A G54950103 463 NS USD 193672.9 0.56 Long EC CORP IE N 1 N N N LKQ Corp DS830JTTZQN6GK0I2E41 501889208 4076 NS USD 130268.96 0.38 Long EC CORP US N 1 N N N LeMaitre Vascular In N/A 525558201 1184 NS USD 102546.24 0.3 Long EC CORP US N 1 N N N Lowe's Cos Inc N/A 548661107 975 NS USD 232176.75 0.67 Long EC CORP US N 1 N N N Lululemon Athletica 549300D9GZ4BMLDW5T40 550021109 771 NS USD 131486.34 0.38 Long EC CORP CA N 1 N N N La-Z-Boy Inc N/A 505336107 2329 NS USD 73829.3 0.21 Long EC CORP US N 1 N N N Mastercard Inc AR5L2ODV9HN37376R084 57636Q104 378 NS USD 208652.22 0.6 Long EC CORP US N 1 N N N Matson Inc N/A 57686G105 1014 NS USD 102363.3 0.29 Long EC CORP US N 1 N N N Altria Group Inc XSGZFLO9YTNO9VCQV219 02209S103 9075 NS USD 511648.5 1.47 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 594918104 481 NS USD 249066.61 0.72 Long EC CORP US N 1 N N N Murphy USA Inc N/A 626755102 362 NS USD 129668.4 0.37 Long EC CORP US N 1 N N N National Fuel Gas Co N/A 636180101 2000 NS USD 157820 0.45 Long EC CORP US N 1 N N N Netflix Inc 549300Y7VHGU0I7CE873 64110L106 172 NS USD 192443.92 0.55 Long EC CORP US N 1 N N N Natural Grocers by V N/A 63888U108 1676 NS USD 53782.84 0.15 Long EC CORP US N 1 N N N ServiceNow Inc 549300HJTQM36M0E1G39 81762P102 200 NS USD 183856 0.53 Long EC CORP US N 1 N N N NRG Energy Inc N/A 629377508 4471 NS USD 768386.06 2.21 Long EC CORP US N 1 N N N Napco Security Techn 529900KV21J4YY9YST76 630402105 3702 NS USD 163443.3 0.47 Long EC CORP US N 1 N N N OWENS & MINOR N/A 690732102 14009 NS USD 55615.73 0.16 Long EC CORP US N 1 N N N O'Reilly Automotive 549300K2RLMQL149Q332 67103H107 2365 NS USD 223350.6 0.64 Long EC CORP US N 1 N N N Otter Tail Corp N/A 689648103 1295 NS USD 99999.9 0.29 Long EC CORP US N 1 N N N Palo Alto Networks I N/A 697435105 1137 NS USD 250412.88 0.72 Long EC CORP US N 1 N N N Paychex Inc N/A 704326107 3569 NS USD 417680.07 1.2 Long EC CORP US N 1 N N N PACCAR Inc N/A 693718108 2377 NS USD 233896.8 0.67 Long EC CORP US N 1 N N N Progressive Corp/The N/A 743315103 758 NS USD 156148 0.45 Long EC CORP US N 1 N N N Packaging Corp of Am N/A 695156109 871 NS USD 170506.96 0.49 Long EC CORP US N 1 N N N Plexus Corp N/A 729132100 771 NS USD 107862.9 0.31 Long EC CORP US N 1 N N N PriceSmart Inc N/A 741511109 916 NS USD 105285.04 0.3 Long EC CORP US N 1 N N N Ryder System Inc N/A 783549108 679 NS USD 114907.17 0.33 Long EC CORP US N 1 N N N Royal Caribbean Crui K2NEH8QNVW44JIWK7Z55 V7780T103 907 NS USD 260154.81 0.75 Long EC CORP US N 1 N N N Regeneron Pharmaceut 549300RCBFWIRX3HYQ56 75886F107 406 NS USD 264630.8 0.76 Long EC CORP US N 1 N N N Resideo Technologies N/A 76118Y104 5025 NS USD 215070 0.62 Long EC CORP US N 1 N N N Ralph Lauren Corp N/A 751212101 661 NS USD 211295.26 0.61 Long EC CORP US N 1 N N N ResMed Inc 529900T3QE5253CCXF22 761152107 2181 NS USD 538445.28 1.55 Long EC CORP US N 1 N N N Rogers Corp N/A 775133101 1459 NS USD 127720.86 0.37 Long EC CORP US N 1 N N N Service Corp Interna N/A 817565104 2117 NS USD 176790.67 0.51 Long EC CORP US N 1 N N N Select Medical Holdi N/A 81619Q105 6664 NS USD 92163.12 0.27 Long EC CORP US N 1 N N N Synopsys Inc N/A 871607107 437 NS USD 198319.34 0.57 Long EC CORP US N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 78409V104 1048 NS USD 510596.08 1.47 Long EC CORP US N 1 N N N Shutterstock Inc N/A 825690100 5264 NS USD 131757.92 0.38 Long EC CORP US N 1 N N N Sensient Technologie N/A 81725T100 1028 NS USD 96930.12 0.28 Long EC CORP US N 1 N N N Stryker Corp N/A 863667101 1397 NS USD 497667.28 1.43 Long EC CORP US N 1 N N N Tecnoglass Inc N/A G87264100 1191 NS USD 71019.33 0.2 Long EC CORP KY N 1 N N N TEGNA Inc N/A 87901J105 5713 NS USD 112374.71 0.32 Long EC CORP US N 1 N N N Hanover Insurance Gr N/A 410867105 978 NS USD 167120.64 0.48 Long EC CORP US N 1 N N N Gentherm Inc N/A 37253A103 3699 NS USD 136123.2 0.39 Long EC CORP US N 1 N N N TJX Cos Inc/The V167QI9I69W364E2DY52 872540109 1704 NS USD 238798.56 0.69 Long EC CORP US N 1 N N N Timken Co/The N/A 887389104 2360 NS USD 185283.6 0.53 Long EC CORP US N 1 N N N Thermo Fisher Scient N/A 883556102 1851 NS USD 1050238.89 3.03 Long EC CORP US N 1 N N N T-Mobile US Inc N/A 872590104 3099 NS USD 650944.95 1.88 Long EC CORP US N 1 N N N TriNet Group Inc N/A 896288107 1984 NS USD 119040 0.34 Long EC CORP US N 1 N N N TEEKAY TANKERS LTD N/A G8726X106 2160 NS USD 131760 0.38 Long EC CORP BM N 1 N N N Turning Point Brands N/A 90041L105 1338 NS USD 120286.2 0.35 Long EC CORP US N 1 N N N Transcat Inc 54930081E40TSSHUOS40 893529107 1243 NS USD 90303.95 0.26 Long EC CORP US N 1 N N N Travelers Cos Inc/Th N/A 89417E109 795 NS USD 213552.9 0.62 Long EC CORP US N 1 N N N VICI Properties Inc N/A 925652109 16916 NS USD 507310.84 1.46 Long EC CORP US N 1 N N N Verisk Analytics Inc 549300I1YSWNIRKBWP67 92345Y106 694 NS USD 151819.44 0.44 Long EC CORP US N 1 N N N Vertex Pharmaceutica N/A 92532F100 492 NS USD 209380.44 0.6 Long EC CORP US N 1 N N N Verizon Communicatio 2S72QS2UO2OESLG6Y829 92343V104 12359 NS USD 491146.66 1.42 Long EC CORP US N 1 N N N Williams Cos Inc/The N/A 969457100 9309 NS USD 538711.83 1.55 Long EC CORP US N 1 N N N Weis Markets Inc N/A 948849104 1180 NS USD 74741.2 0.22 Long EC CORP US N 1 N N N Walmart Inc N/A 931142103 5566 NS USD 563167.88 1.62 Long EC CORP US N 1 N N N Watts Water Technolo N/A 942749102 404 NS USD 110130.4 0.32 Long EC CORP US N 1 N N N Exxon Mobil Corp J3WHBG0MTS7O8ZVMDC91 30231G102 5000 NS USD 571800 1.65 Long EC CORP US N 1 N N N Goldman Sachs Financ N/A 38141W273 534115.9 NS USD 534115.85 1.54 Long STIV US N 1 N N N 2025-12-11 Spinnaker ETF Series Pete Mccabe Pete Mccabe Principal Accounting Officer/Principal Financial Officer XXXX