NPORT-P
false
0001587982
XXXXXXXX
S000070752
C000224897
C000224896
INVESTMENT MANAGERS SERIES TRUST II
811-22894
0001587982
549300SU7ER9OFETRU41
235 WEST GALENA STREET
MILWAUKEE
532123948
4142992000
AXS Alternative Value Fund
S000070752
549300I2BW82Y33CEC27
2023-09-30
2023-09-30
N
15875558.220000000000
2411025.830000000000
13464532.390000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
7080.560000000000
N
AbbVie Inc
FR5LCKFTG8054YNNRU85
AbbVie, Inc.
00287Y109
1509
NS
USD
224931.54
1.6705484712
Long
EC
CORP
US
N
1
N
N
N
Abbott Laboratories
HQD377W2YR662HK5JX27
Abbott Laboratories
002824100
923
NS
USD
89392.55
0.6639112849
Long
EC
CORP
US
N
1
N
N
N
Assurant Inc
H3F39CAXWQRVWURFXL38
Assurant, Inc.
04621X108
588
NS
USD
84425.04
0.6270179874
Long
EC
CORP
US
N
1
N
N
N
Arthur J Gallagher & Co
54930049QLLMPART6V29
Arthur J. Gallagher & Co.
363576109
918
NS
USD
209239.74
1.5540067337
Long
EC
CORP
US
N
1
N
N
N
Akamai Technologies Inc
OC1LZNN2LF5WTJ5RIL89
Akamai Technologies, Inc.
00971T101
2454
NS
USD
261449.16
1.9417619003
Long
EC
CORP
US
N
1
N
N
N
Amgen Inc
62QBXGPJ34PQ72Z12S66
Amgen, Inc.
031162100
898
NS
USD
241346.48
1.7924609114
Long
EC
CORP
US
N
1
N
N
N
Aon PLC
635400FALWQYX5E6QC64
Aon PLC - Class A
G0403H108
142
NS
USD
46039.24
0.3419297356
Long
EC
CORP
US
N
1
N
N
N
Cboe Global Markets Inc
529900RLNSGA90UPEH54
Cboe Global Markets, Inc.
12503M108
273
NS
USD
42645.33
0.3167234388
Long
EC
CORP
US
N
1
N
N
N
Church & Dwight Co Inc
POOXSI30AWAQGYJZC921
Church & Dwight Co., Inc.
171340102
2556
NS
USD
234206.28
1.7394312199
Long
EC
CORP
US
N
1
N
N
N
Humana Inc
529900YLDW34GJAO4J06
Humana, Inc.
444859102
342
NS
USD
166389.84
1.2357639700
Long
EC
CORP
US
N
1
N
N
N
AutoZone Inc
GA3JGKJ41LJKXDN23E90
AutoZone, Inc.
053332102
91
NS
USD
231139.09
1.7166514462
Long
EC
CORP
US
N
1
N
N
N
Brown-Forman Corp
549300873K3LXF7ARU34
Brown-Forman Corp. - Class B
115637209
1822
NS
USD
105111.18
0.7806522867
Long
EC
CORP
US
N
1
N
N
N
IBM
VGRQXHF3J8VDLUA7XE92
International Business Machines Corp.
459200101
1633
NS
USD
229109.90
1.7015808152
Long
EC
CORP
US
N
1
N
N
N
Incyte Corp
549300Z4WN6JVZ3T4680
Incyte Corp.
45337C102
2522
NS
USD
145695.94
1.0820720377
Long
EC
CORP
US
N
1
N
N
N
Biogen Inc
W8J5WZB5IY3K0NDQT671
Biogen, Inc.
09062X103
831
NS
USD
213575.31
1.5862066637
Long
EC
CORP
US
N
1
N
N
N
Bristol-Myers Squibb Co
HLYYNH7UQUORYSJQCN42
Bristol-Myers Squibb Co.
110122108
631
NS
USD
36623.24
0.2719978603
Long
EC
CORP
US
N
1
N
N
N
Brown & Brown Inc
549300PC8KTJ71XKFY89
Brown & Brown, Inc.
115236101
3491
NS
USD
243811.44
1.8107679713
Long
EC
CORP
US
N
1
N
N
N
Intel Corp
KNX4USFCNGPY45LOCE31
Intel Corp.
458140100
2966
NS
USD
105441.30
0.7831040614
Long
EC
CORP
US
N
1
N
N
N
Jack Henry & Associates Inc
529900X1QS8C54W0JB21
Jack Henry & Associates, Inc.
426281101
1271
NS
USD
192098.94
1.4267033896
Long
EC
CORP
US
N
1
N
N
N
Conagra Brands Inc
54930035UDEIH090K650
Conagra Brands, Inc.
205887102
6284
NS
USD
172307.28
1.2797123213
Long
EC
CORP
US
N
1
N
N
N
Cardinal Health Inc
CCU46N3GJMF4OK4N7U60
Cardinal Health, Inc.
14149Y108
2127
NS
USD
184666.14
1.3715005813
Long
EC
CORP
US
N
1
N
N
N
Johnson & Johnson
549300G0CFPGEF6X2043
Johnson & Johnson
478160104
1341
NS
USD
208860.75
1.5511920054
Long
EC
CORP
US
N
1
N
N
N
Kellogg Co
LONOZNOJYIBXOHXWDB86
Kellogg Co.
487836108
3214
NS
USD
191265.14
1.4205108240
Long
EC
CORP
US
N
1
N
N
N
Kraft Heinz Co/The
9845007488EC87F5AF14
Kraft Heinz Co.
500754106
1025
NS
USD
34481
0.2560876160
Long
EC
CORP
US
N
1
N
N
N
Kimberly-Clark Corp
MP3J6QPYPGN75NVW2S34
Kimberly-Clark Corp.
494368103
1703
NS
USD
205807.55
1.5285161344
Long
EC
CORP
US
N
1
N
N
N
Chubb Ltd
E0JAN6VLUDI1HITHT809
Chubb Ltd.
H1467J104
224
NS
USD
46632.32
0.3463344931
Long
EC
CORP
CH
N
1
N
N
N
CH Robinson Worldwide Inc
529900WNWN5L0OVDHA79
C.H. Robinson Worldwide, Inc.
12541W209
1345
NS
USD
115844.85
0.8603703912
Long
EC
CORP
US
N
1
N
N
N
Coca-Cola Co/The
UWJKFUJFZ02DKWI3RY53
Coca-Cola Co.
191216100
3581
NS
USD
200464.38
1.4888328402
Long
EC
CORP
US
N
1
N
N
N
Lamb Weston Holdings Inc
5493005SMYID1D2OY946
Lamb Weston Holdings, Inc.
513272104
889
NS
USD
82196.94
0.6104700677
Long
EC
CORP
US
N
1
N
N
N
Cigna Group/The
549300VIWYMSIGT1U456
Cigna Group
125523100
772
NS
USD
220846.04
1.6402057911
Long
EC
CORP
US
N
1
N
N
N
Cincinnati Financial Corp
254900Q4WEDMZBOZ0002
Cincinnati Financial Corp.
172062101
438
NS
USD
44803.02
0.3327484290
Long
EC
CORP
US
N
1
N
N
N
McDonald's Corp
UE2136O97NLB5BYP9H04
McDonald's Corp.
580135101
789
NS
USD
207854.16
1.5437161424
Long
EC
CORP
US
N
1
N
N
N
McKesson Corp
549300WZWOM80UCFSF54
McKesson Corp.
58155Q103
466
NS
USD
202640.10
1.5049917378
Long
EC
CORP
US
N
1
N
N
N
Colgate-Palmolive Co
YMEGZFW4SBUSS5BQXF88
Colgate-Palmolive Co.
194162103
2882
NS
USD
204939.02
1.5220656319
Long
EC
CORP
US
N
1
N
N
N
Clorox Co/The
54930044KVSC06Z79I06
Clorox Co.
189054109
1434
NS
USD
187940.04
1.3958155735
Long
EC
CORP
US
N
1
N
N
N
McCormick & Co Inc/MD
549300JQQA6MQ4OJP259
McCormick & Co., Inc.
579780206
2681
NS
USD
202790.84
1.5061112716
Long
EC
CORP
US
N
1
N
N
N
MarketAxess Holdings Inc
5493002U1CA1XJOVID83
MarketAxess Holdings, Inc.
57060D108
694
NS
USD
148266.16
1.1011608551
Long
EC
CORP
US
N
1
N
N
N
CME Group Inc
LCZ7XYGSLJUHFXXNXD88
CME Group, Inc.
12572Q105
1157
NS
USD
231654.54
1.7204796519
Long
EC
CORP
US
N
1
N
N
N
Centene Corp
549300Z7JJ4TQSQGT333
Centene Corp.
15135B101
3003
NS
USD
206846.64
1.5362333723
Long
EC
CORP
US
N
1
N
N
N
Costco Wholesale Corp
29DX7H14B9S6O3FD6V18
Costco Wholesale Corp.
22160K105
423
NS
USD
238978.08
1.7748709950
Long
EC
CORP
US
N
1
N
N
N
Campbell Soup Co
5493007JDSMX8Z5Z1902
Campbell Soup Co.
134429109
4385
NS
USD
180135.80
1.3378541102
Long
EC
CORP
US
N
1
N
N
N
Coterra Energy Inc
FCNMH6O7VWU7LHXMK351
Coterra Energy, Inc.
127097103
8108
NS
USD
219321.40
1.6288824123
Long
EC
CORP
US
N
1
N
N
N
CVS Health Corp
549300EJG376EN5NQE29
CVS Health Corp.
126650100
2658
NS
USD
185581.56
1.3782993321
Long
EC
CORP
US
N
1
N
N
N
UMB MONEY MARKET FIDUCIARY /
N/A
UMB MONEY MARKET FIDUCIARY /
SF8888528
9513.34
PA
USD
9513.34
0.0706548117
Long
STIV
CORP
US
N
1
N
N
N
Monster Beverage Corp
52990090AP0E7HCB6F33
Monster Beverage Corp.
61174X109
702
NS
USD
37170.90
0.2760652871
Long
EC
CORP
US
N
1
N
N
N
Dollar General Corp
OPX52SQVOZI8IVSWYU66
Dollar General Corp.
256677105
1021
NS
USD
108021.80
0.8022692276
Long
EC
CORP
US
N
1
N
N
N
Danaher Corp
S4BKK9OTCEWQ3YHPFM11
Danaher Corp.
235851102
711
NS
USD
176399.10
1.3101019396
Long
EC
CORP
US
N
1
N
N
N
Altria Group Inc
XSGZFLO9YTNO9VCQV219
Altria Group, Inc.
02209S103
4797
NS
USD
201713.85
1.4981125535
Long
EC
CORP
US
N
1
N
N
N
Molina Healthcare Inc
549300NQQCEQ46YHZ591
Molina Healthcare, Inc.
60855R100
714
NS
USD
234113.46
1.7387418532
Long
EC
CORP
US
N
1
N
N
N
Domino's Pizza Inc
25490005ZWM1IF9UXU57
Domino's Pizza, Inc.
25754A201
635
NS
USD
240531.65
1.7864092345
Long
EC
CORP
US
N
1
N
N
N
Electronic Arts Inc
549300O7A67PUEYKDL45
Electronic Arts, Inc.
285512109
1335
NS
USD
160734
1.1937585008
Long
EC
CORP
US
N
1
N
N
N
Merck & Co Inc
4YV9Y5M8S0BRK1RP0397
Merck & Co., Inc.
58933Y105
2132
NS
USD
219489.40
1.6301301348
Long
EC
CORP
US
N
1
N
N
N
M&T Bank Corp
549300WYXDDBYRASEG81
M&T Bank Corp.
55261F104
1011
NS
USD
127840.95
0.9494644619
Long
EC
CORP
US
N
1
N
N
N
Elevance Health Inc
8MYN82XMYQH89CTMTH67
Elevance Health, Inc.
036752103
294
NS
USD
128013.48
0.9507458283
Long
EC
CORP
US
N
1
N
N
N
Expeditors International of Wa
984500B055A804AB6E40
Expeditors International of Washington, Inc.
302130109
428
NS
USD
49061.64
0.3643768575
Long
EC
CORP
US
N
1
N
N
N
Northrop Grumman Corp
RIMU48P07456QXSO0R61
Northrop Grumman Corp.
666807102
180
NS
USD
79234.20
0.5884660358
Long
EC
CORP
US
N
1
N
N
N
NRG Energy Inc
5E2UPK5SW04M13XY7I38
NRG Energy, Inc.
629377508
1916
NS
USD
73804.32
0.5481387534
Long
EC
CORP
US
N
1
N
N
N
FactSet Research Systems Inc
549300ZSJE7NBK6K9P30
FactSet Research Systems, Inc.
303075105
521
NS
USD
227812.46
1.6919448326
Long
EC
CORP
US
N
1
N
N
N
Fiserv Inc
GI7UBEJLXYLGR2C7GV83
Fiserv, Inc.
337738108
474
NS
USD
53543.04
0.3976598552
Long
EC
CORP
US
N
1
N
N
N
Fox Corp
549300DDU6FDRBIELS05
Fox Corp.
35137L105
4170
NS
USD
130104
0.9662719524
Long
EC
CORP
US
N
1
N
N
N
General Dynamics Corp
9C1X8XOOTYY2FNYTVH06
General Dynamics Corp.
369550108
808
NS
USD
178543.76
1.3260301571
Long
EC
CORP
US
N
1
N
N
N
Organon & Co
549300AMCKY57OK2CO56
Organon & Co.
68622V106
9263
NS
USD
160805.68
1.1942908624
Long
EC
CORP
US
N
1
N
N
N
Omnicom Group Inc
HKUPACFHSSASQK8HLS17
Omnicom Group, Inc.
681919106
641
NS
USD
47741.68
0.3545736207
Long
EC
CORP
US
N
1
N
N
N
Gilead Sciences Inc
549300WTZWR07K8MNV44
Gilead Sciences, Inc.
375558103
2856
NS
USD
214028.64
1.5895735091
Long
EC
CORP
US
N
1
N
N
N
General Mills Inc
2TGYMUGI08PO8X8L6150
General Mills, Inc.
370334104
2765
NS
USD
176932.35
1.3140623445
Long
EC
CORP
US
N
1
N
N
N
Oracle Corp
1Z4GXXU7ZHVWFCD8TV52
Oracle Corp.
68389X105
584
NS
USD
61857.28
0.4594090475
Long
EC
CORP
US
N
1
N
N
N
O'Reilly Automotive Inc
549300K2RLMQL149Q332
O'Reilly Automotive, Inc.
67103H107
43
NS
USD
39080.98
0.2902512978
Long
EC
CORP
US
N
1
N
N
N
PepsiCo Inc
FJSUNZKFNQ5YPJ5OT455
PepsiCo, Inc.
713448108
1215
NS
USD
205869.60
1.5289769747
Long
EC
CORP
US
N
1
N
N
N
Pfizer Inc
765LHXWGK1KXCLTFYQ30
Pfizer, Inc.
717081103
5317
NS
USD
176364.89
1.3098478647
Long
EC
CORP
US
N
1
N
N
N
Globe Life Inc
5493001JFHKQOPP6XA71
Globe Life, Inc.
37959E102
850
NS
USD
92420.50
0.6863996262
Long
EC
CORP
US
N
1
N
N
N
Hartford Financial Services Gr
IU7C3FTM7Y3BQM112U94
Hartford Financial Services Group, Inc.
416515104
1319
NS
USD
93530.29
0.6946419474
Long
EC
CORP
US
N
1
N
N
N
Tyson Foods Inc
WD6L6041MNRW1JE49D58
Tyson Foods, Inc. - Class A
902494103
1160
NS
USD
58568.40
0.4349828000
Long
EC
CORP
US
N
1
N
N
N
Tyler Technologies Inc
25490040SMU4Z8LBCW70
Tyler Technologies, Inc.
902252105
135
NS
USD
52128.90
0.3871571510
Long
EC
CORP
US
N
1
N
N
N
Hormel Foods Corp
MSD54751OJP1FS2ND863
Hormel Foods Corp.
440452100
5154
NS
USD
196006.62
1.4557254149
Long
EC
CORP
US
N
1
N
N
N
Hershey Co/The
21X2CX66SU2BR6QTAD08
Hershey Co.
427866108
917
NS
USD
183473.36
1.3626419001
Long
EC
CORP
US
N
1
N
N
N
UnitedHealth Group Inc
549300GHBMY8T5GXDE41
UnitedHealth Group, Inc.
91324P102
429
NS
USD
216297.51
1.6064242243
Long
EC
CORP
US
N
1
N
N
N
Verisk Analytics Inc
549300I1YSWNIRKBWP67
Verisk Analytics, Inc.
92345Y106
1099
NS
USD
259627.76
1.9282345089
Long
EC
CORP
US
N
1
N
N
N
Loews Corp
R8V1FN4M5ITGZOG7BS19
Loews Corp.
540424108
3709
NS
USD
234816.79
1.7439654286
Long
EC
CORP
US
N
1
N
N
N
Leidos Holdings Inc
549300IUTGTP6EJP8124
Leidos Holdings, Inc.
525327102
2338
NS
USD
215470.08
1.6002789682
Long
EC
CORP
US
N
1
N
N
N
L3Harris Technologies Inc
549300UTE50ZMDBG8A20
L3Harris Technologies, Inc.
502431109
1068
NS
USD
185960.16
1.3811111639
Long
EC
CORP
US
N
1
N
N
N
Lockheed Martin Corp
DPRBOZP0K5RM2YE8UU08
Lockheed Martin Corp.
539830109
478
NS
USD
195482.88
1.4518356400
Long
EC
CORP
US
N
1
N
N
N
Vertex Pharmaceuticals Inc
54930015RAQRRZ5ZGJ91
Vertex Pharmaceuticals, Inc.
92532F100
700
NS
USD
243418
1.8078459240
Long
EC
CORP
US
N
1
N
N
N
Verizon Communications Inc
2S72QS2UO2OESLG6Y829
Verizon Communications, Inc.
92343V104
5926
NS
USD
192061.66
1.4264265140
Long
EC
CORP
US
N
1
N
N
N
Waters Corp
5T547R1474YC9HOD8Q74
Waters Corp.
941848103
339
NS
USD
92957.19
0.6903855797
Long
EC
CORP
US
N
1
N
N
N
Walgreens Boots Alliance Inc
549300RPTUOIXG4LIH86
Walgreens Boots Alliance, Inc.
931427108
1218
NS
USD
27088.32
0.2011827757
Long
EC
CORP
US
N
1
N
N
N
Procter & Gamble Co/The
2572IBTT8CCZW6AU4141
Procter & Gamble Co.
742718109
1523
NS
USD
222144.78
1.6498514287
Long
EC
CORP
US
N
1
N
N
N
Packaging Corp of America
549300XZP8MFZFY8TJ84
Packaging Corp. of America
695156109
625
NS
USD
95968.75
0.7127521938
Long
EC
CORP
US
N
1
N
N
N
Waste Management Inc
549300YX8JIID70NFS41
Waste Management, Inc.
94106L109
1347
NS
USD
205336.68
1.5250190207
Long
EC
CORP
US
N
1
N
N
N
W R Berkley Corp
SQOAGCLKBDWNVYV1OV80
W R Berkley Corp.
084423102
2838
NS
USD
180184.62
1.3382166924
Long
EC
CORP
US
N
1
N
N
N
Philip Morris International In
HL3H1H2BGXWVG3BSWR90
Philip Morris International, Inc.
718172109
2296
NS
USD
212563.68
1.5786933689
Long
EC
CORP
US
N
1
N
N
N
Public Storage
549300LMZF40TKJ6DM64
Public Storage - REIT
74460D109
726
NS
USD
191315.52
1.4208849922
Long
CORP
US
N
1
N
N
N
Willis Towers Watson PLC
549300WHC56FF48KL350
Willis Towers Watson PLC
G96629103
986
NS
USD
206034.56
1.5302021194
Long
EC
CORP
GB
N
1
N
N
N
Zoetis Inc
549300HD9Q1LOC9KLJ48
Zoetis, Inc.
98978V103
295
NS
USD
51324.10
0.3811799661
Long
EC
CORP
US
N
1
N
N
N
Regeneron Pharmaceuticals Inc
549300RCBFWIRX3HYQ56
Regeneron Pharmaceuticals, Inc.
75886F107
295
NS
USD
242773.20
1.8030570462
Long
EC
CORP
US
N
1
N
N
N
Rollins Inc
549300F2A0BXT4SGWD84
Rollins, Inc.
775711104
1148
NS
USD
42854.84
0.3182794527
Long
EC
CORP
US
N
1
N
N
N
Republic Services Inc
NKNQHM6BLECKVOQP7O46
Republic Services, Inc.
760759100
1558
NS
USD
222030.58
1.6490032744
Long
EC
CORP
US
N
1
N
N
N
Starbucks Corp
OQSJ1DU9TAOC51A47K68
Starbucks Corp.
855244109
425
NS
USD
38789.75
0.2880883560
Long
EC
CORP
US
N
1
N
N
N
AT&T Inc
549300Z40J86GGSTL398
AT&T, Inc.
00206R102
13082
NS
USD
196491.64
1.4593276195
Long
EC
CORP
US
N
1
N
N
N
Molson Coors Beverage Co
54930073LBBH6ZCBE225
Molson Coors Beverage Co. - Class B
60871R209
1621
NS
USD
103079.39
0.7655623457
Long
EC
CORP
US
N
1
N
N
N
Thermo Fisher Scientific Inc
HCHV7422L5HDJZCRFL38
Thermo Fisher Scientific, Inc.
883556102
230
NS
USD
116419.10
0.8646352998
Long
EC
CORP
US
N
1
N
N
N
Travelers Cos Inc/The
549300Y650407RU8B149
Travelers Cos., Inc.
89417E109
704
NS
USD
114970.24
0.8538747330
Long
EC
CORP
US
N
1
N
N
N
Tractor Supply Co
549300OJ9VZHZRO6I137
Tractor Supply Co.
892356106
602
NS
USD
122236.10
0.9078376913
Long
EC
CORP
US
N
1
N
N
N
2023-10-05
INVESTMENT MANAGERS SERIES TRUST II
/s/ Terrance P. Gallagher
Terrance P. Gallagher
President