NPORT-P
false
0001587982
XXXXXXXX
S000076118
C000235565
INVESTMENT MANAGERS SERIES TRUST II
811-22894
0001587982
549300SU7ER9OFETRU41
235 WEST GALENA STREET
MILWAUKEE
532123948
4142992000
Kennedy Capital Small Cap Value Fund
S000076118
549300ZGCFKGI0M06414
2026-12-31
2026-03-31
N
71537698.870000000000
445858.100000000000
71091840.770000000000
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
30495.490000000000
N
Avista Corp
Q0IK63NITJD6RJ47SW96
Avista Corp.
05379B107
14670
NS
USD
588853.8
0.8283001166
Long
EC
CORP
US
N
1
N
N
N
American States Water Co
529900L26LIS2V8PWM23
American States Water Co.
029899101
9038
NS
USD
683453.56
0.9613670888
Long
EC
CORP
US
N
1
N
N
N
Axos Financial Inc
529900D8M56422GK9O25
Axos Financial, Inc.
05465C100
6266
NS
USD
533173.94
0.7499790893
Long
EC
CORP
US
N
1
N
N
N
Acuity Inc
N/A
Acuity, Inc.
00508Y102
1279
NS
USD
358401.38
0.5041385567
Long
EC
CORP
US
N
1
N
N
N
ConnectOne Bancorp Inc
549300E2M5ZYAZKUK134
ConnectOne Bancorp, Inc.
20786W107
20229
NS
USD
541530.33
0.7617334481
Long
EC
CORP
US
N
1
N
N
N
Green Brick Partners Inc
549300R7SCIV7FQI6T56
Green Brick Partners, Inc.
392709101
9836
NS
USD
633930.2
0.8917059864
Long
EC
CORP
US
N
1
N
N
N
Gorman-Rupp Co/The
254900WVLPOIWPGJPA07
Gorman-Rupp Co.
383082104
5761
NS
USD
357930.93
0.5034768071
Long
EC
CORP
US
N
1
N
N
N
Hamilton Insurance Group Ltd
549300W92BN1FIEXG871
Hamilton Insurance Group Ltd. - Class B
G42706104
12165
NS
USD
362881.95
0.5104410662
Long
EC
CORP
BM
N
1
N
N
N
Hecla Mining Co
5493009Y6HOBZD1QD537
Hecla Mining Co.
422704106
16262
NS
USD
302961.06
0.4261544739
Long
EC
CORP
US
N
1
N
N
N
Gates Industrial Corp PLC
549300S6K4FWUSB9KM27
Gates Industrial Corp. PLC
G39108108
31134
NS
USD
703939.74
0.9901835884
Long
EC
CORP
US
N
1
N
N
N
Halozyme Therapeutics Inc
529900242I3SV9AGM753
Halozyme Therapeutics, Inc.
40637H109
14031
NS
USD
906823.53
1.2755662537
Long
EC
CORP
US
N
1
N
N
N
Helios Technologies Inc
5493000BCJSMIDRNTI78
Helios Technologies, Inc.
42328H109
11028
NS
USD
713621.88
1.0038027884
Long
EC
CORP
US
N
1
N
N
N
Home BancShares Inc/AR
N/A
Home BancShares, Inc.
436893200
30738
NS
USD
827774.34
1.1643731982
Long
EC
CORP
US
N
1
N
N
N
Preferred Bank/Los Angeles CA
5493007K6HGI9G0ECX16
Preferred Bank/Los Angeles CA
740367404
10621
NS
USD
963218.49
1.3548931629
Long
EC
CORP
US
N
1
N
N
N
Polaris Inc
549300QJSN8UVWN1EI78
Polaris, Inc.
731068102
9280
NS
USD
505760
0.7114177865
Long
EC
CORP
US
N
1
N
N
N
Heritage Commerce Corp
549300CLIS851ELSR406
Heritage Commerce Corp.
426927109
48095
NS
USD
600225.6
0.8442960451
Long
EC
CORP
US
N
1
N
N
N
Hawkins Inc
549300VL3IJ23OWX1Y34
Hawkins, Inc.
420261109
4017
NS
USD
617011.2
0.8679071935
Long
EC
CORP
US
N
1
N
N
N
Installed Building Products In
549300I95Y9P9YM5FI86
Installed Building Products, Inc.
45780R101
2087
NS
USD
553368.05
0.7783847542
Long
EC
CORP
US
N
1
N
N
N
ICF International Inc
5493003KYFDDC5B3WY64
ICF International, Inc.
44925C103
3841
NS
USD
250778.89
0.3527534064
Long
EC
CORP
US
N
1
N
N
N
Ichor Holdings Ltd
529900PS8R2JVLJ2H892
Ichor Holdings Ltd.
G4740B105
23608
NS
USD
1100368.88
1.5478131781
Long
EC
CORP
US
N
1
N
N
N
UMB MONEY MARKET II SPECIAL /
N/A
UMB MONEY MARKET II SPECIAL /
SF8888651
989115.02
PA
USD
989115.02
1.3913200295
Long
STIV
CORP
US
N
1
N
N
N
ICU Medical Inc
5493003NRW7LS2QZRH60
ICU Medical, Inc.
44930G107
4048
NS
USD
522799.2
0.7353856566
Long
EC
CORP
US
N
1
N
N
N
IDACORP Inc
N134NUJDWN8UEFA8B673
IDACORP, Inc.
451107106
6788
NS
USD
970480.36
1.3651079357
Long
EC
CORP
US
N
1
N
N
N
IES Holdings Inc
549300687T8E6LN6EN72
IES Holdings, Inc.
44951W106
1589
NS
USD
757110.83
1.0649757016
Long
EC
CORP
US
N
1
N
N
N
Jackson Financial Inc
213800WXW2KG1N4CO374
Jackson Financial, Inc. - Class A
46817M107
6657
NS
USD
703778.04
0.9899561361
Long
EC
CORP
US
N
1
N
N
N
Kite Realty Group Trust
N/A
Kite Realty Group Trust - REIT
49803T300
28461
NS
USD
698717.55
0.9828378931
Long
CORP
US
N
1
N
N
N
Kontoor Brands Inc
549300M0CPXV65RFF271
Kontoor Brands, Inc.
50050N103
11068
NS
USD
777969.72
1.0943164667
Long
EC
CORP
US
N
1
N
N
N
Quaker Chemical Corp
N/A
Quaker Chemical Corp.
747316107
5813
NS
USD
722148.99
1.0157972873
Long
EC
CORP
US
N
1
N
N
N
Lineage Inc
N/A
Lineage, Inc. - REIT
53566V106
9237
NS
USD
302604.12
0.4256523909
Long
CORP
US
N
1
N
N
N
LivaNova PLC
2138001K2FX6SHK2B339
LivaNova PLC
G5509L101
5592
NS
USD
355427.52
0.4999554325
Long
EC
CORP
GB
N
1
N
N
N
Lakeland Financial Corp
N/A
Lakeland Financial Corp.
511656100
7625
NS
USD
437522.5
0.6154327912
Long
EC
CORP
US
N
1
N
N
N
LeMaitre Vascular Inc
549300FZUBUB7MHY8R17
LeMaitre Vascular, Inc.
525558201
6808
NS
USD
743229.36
1.0454495930
Long
EC
CORP
US
N
1
N
N
N
Metropolitan Bank Holding Corp
N/A
Metropolitan Bank Holding Corp.
591774104
8615
NS
USD
717543.35
1.0093188504
Long
EC
CORP
US
N
1
N
N
N
Mesa Laboratories Inc
549300ZCG738WLX8ZW79
Mesa Laboratories, Inc.
59064R109
6925
NS
USD
612308.5
0.8612922290
Long
EC
CORP
US
N
1
N
N
N
Progress Software Corp
549300R65B3JG6972S24
Progress Software Corp.
743312100
14817
NS
USD
380056.05
0.5345986908
Long
EC
CORP
US
N
1
N
N
N
QCR Holdings Inc
549300MWKWM7KWJVQO33
QCR Holdings, Inc.
74727A104
11192
NS
USD
956356.4
1.3452407332
Long
EC
CORP
US
N
1
N
N
N
Gibraltar Industries Inc
N/A
Gibraltar Industries, Inc.
374689107
12058
NS
USD
480752.46
0.6762414010
Long
EC
CORP
US
N
1
N
N
N
Range Resources Corp
H3Y3WLYCX0BTO1TRW162
Range Resources Corp.
75281A109
22138
NS
USD
1000194.84
1.4069052498
Long
EC
CORP
US
N
1
N
N
N
RXO Inc
549300KL8CA6GP8XPM30
RXO, Inc.
74982T103
25174
NS
USD
368043.88
0.5177019979
Long
EC
CORP
US
N
1
N
N
N
Rayonier Inc
HGV8VDVNL0W6SF2U9C50
Rayonier, Inc. - REIT
754907103
15095
NS
USD
311258.9
0.4378264744
Long
CORP
US
N
1
N
N
N
Selective Insurance Group Inc
549300R3WGJWLE40R258
Selective Insurance Group, Inc.
816300107
8614
NS
USD
649409.46
0.9134795962
Long
EC
CORP
US
N
1
N
N
N
Piper Sandler Cos
QUQDBTUSOAKFEVMRMF78
Piper Sandler Cos.
724078209
8220
NS
USD
629241
0.8851100115
Long
EC
CORP
US
N
1
N
N
N
Plexus Corp
549300W7HCBI5YT25I79
Plexus Corp.
729132100
3738
NS
USD
757094.52
1.0649527594
Long
EC
CORP
US
N
1
N
N
N
Simulations Plus Inc
529900KYRDJAQ8TJCG93
Simulations Plus, Inc.
829214105
15791
NS
USD
186649.62
0.2625471756
Long
EC
CORP
US
N
1
N
N
N
SM Energy Co
84BUTVXV5ODI6BXNMH43
SM Energy Co.
78454L100
33734
NS
USD
1051826.12
1.4795314182
Long
EC
CORP
US
N
1
N
N
N
1st Source Corp
N/A
1st Source Corp.
336901103
15261
NS
USD
1056213.81
1.4857032798
Long
EC
CORP
US
N
1
N
N
N
Simpson Manufacturing Co Inc
529900EJUNNL15LZ8056
Simpson Manufacturing Co., Inc.
829073105
3752
NS
USD
643918.24
0.9057554749
Long
EC
CORP
US
N
1
N
N
N
Americold Realty Trust Inc
894500O3S3W62PQPO460
Americold Realty Trust, Inc. - REIT
03064D108
33116
NS
USD
379509.36
0.5338296996
Long
CORP
US
N
1
N
N
N
Texas Capital Bancshares Inc
549300466Q2SXRX0YM48
Texas Capital Bancshares, Inc.
88224Q107
9573
NS
USD
908286.24
1.2776237472
Long
EC
CORP
US
N
1
N
N
N
Terex Corp
YAWJZJYEQ7M1SYMOS462
Terex Corp.
880779103
5658
NS
USD
334387.8
0.4703603063
Long
EC
CORP
US
N
1
N
N
N
Corcept Therapeutics Inc
529900EO9LUTFMZ7FF90
Corcept Therapeutics, Inc.
218352102
14712
NS
USD
593040.72
0.8341895688
Long
EC
CORP
US
N
1
N
N
N
Catalyst Pharmaceuticals Inc
5299004O0R5XXLA5H544
Catalyst Pharmaceuticals, Inc.
14888U101
42700
NS
USD
1057252
1.4871636302
Long
EC
CORP
US
N
1
N
N
N
Cousins Properties Inc
5493007XPYD5EJABN062
Cousins Properties, Inc. - REIT
222795502
30681
NS
USD
692470.17
0.9740501336
Long
CORP
US
N
1
N
N
N
Cavco Industries Inc
N/A
Cavco Industries, Inc.
149568107
937
NS
USD
453779.73
0.6383007179
Long
EC
CORP
US
N
1
N
N
N
UFP Industries Inc
5493007KB485C9OV5572
UFP Industries, Inc.
90278Q108
5256
NS
USD
484182.72
0.6810665116
Long
EC
CORP
US
N
1
N
N
N
UGI Corp
DX6GCWD4Q1JO9CRE5I40
UGI Corp.
902681105
20618
NS
USD
750907.56
1.0562499886
Long
EC
CORP
US
N
1
N
N
N
UMH Properties Inc
529900OM5K3PJ11F0Q09
UMH Properties, Inc. - REIT
903002103
17948
NS
USD
258989.64
0.3643029034
Long
CORP
US
N
1
N
N
N
Upbound Group Inc
529900QUHE15UQNCCJ63
Upbound Group, Inc.
76009N100
23107
NS
USD
417081.35
0.5866796323
Long
EC
CORP
US
N
1
N
N
N
Valmont Industries Inc
5493009ZGZJJ8F77JN08
Valmont Industries, Inc.
920253101
2863
NS
USD
1143968.91
1.6091423398
Long
EC
CORP
US
N
1
N
N
N
Wintrust Financial Corp
Q774KI4AW80FHFW33O61
Wintrust Financial Corp.
97650W108
7481
NS
USD
1039410.14
1.4620667136
Long
EC
CORP
US
N
1
N
N
N
YETI Holdings Inc
549300DSQICIGNT5GO63
YETI Holdings, Inc.
98585X104
15499
NS
USD
567108.41
0.7977123730
Long
EC
CORP
US
N
1
N
N
N
Cushman & Wakefield Ltd
N/A
Cushman & Wakefield Ltd.
G2717C106
46656
NS
USD
572002.56
0.8045966370
Long
EC
CORP
US
N
1
N
N
N
Dana Inc
KVWHW7YLZPFJM8QYNJ51
Dana, Inc.
235825205
26434
NS
USD
889504.1
1.2512042034
Long
EC
CORP
US
N
1
N
N
N
HF Sinclair Corp
2549009G116AM01XHN24
HF Sinclair Corp.
403949100
19027
NS
USD
1187094.53
1.6698041817
Long
EC
CORP
US
N
1
N
N
N
Diodes Inc
549300XP2X1ARVH3BX23
Diodes, Inc.
254543101
8330
NS
USD
568605.8
0.7998186484
Long
EC
CORP
US
N
1
N
N
N
DNOW Inc
549300AVH5SOCFVVDW91
DNOW, Inc.
67011P100
30229
NS
USD
360027.39
0.5064257531
Long
EC
CORP
US
N
1
N
N
N
Enterprise Financial Services
5493001XTU5DLD632129
Enterprise Financial Services Corp.
293712105
10492
NS
USD
567722.12
0.7985756366
Long
EC
CORP
US
N
1
N
N
N
EnerSys
7ZS3DE5PN30BYUJFWP05
EnerSys
29275Y102
5411
NS
USD
939998.92
1.3222317917
Long
EC
CORP
US
N
1
N
N
N
Essential Properties Realty Tr
2549009LXQLVYCGLZO50
Essential Properties Realty Trust, Inc. - REIT
29670E107
13899
NS
USD
421973.64
0.5935612799
Long
CORP
US
N
1
N
N
N
Equity Bancshares Inc
549300BPQ2EJNU4WF694
Equity Bancshares, Inc. - Class A
29460X109
15007
NS
USD
666460.87
0.9374646412
Long
EC
CORP
US
N
1
N
N
N
Eagle Materials Inc
529900KRXRGXL61SG039
Eagle Materials, Inc.
26969P108
2762
NS
USD
523260.9
0.7360350982
Long
EC
CORP
US
N
1
N
N
N
First Industrial Realty Trust
N/A
First Industrial Realty Trust, Inc. - REIT
32054K103
14854
NS
USD
859303.9
1.2087236604
Long
CORP
US
N
1
N
N
N
Five Star Bancorp
5493008ZRBIHKWC0JA73
Five Star Bancorp
33830T103
14445
NS
USD
544865.4
0.7664246615
Long
EC
CORP
US
N
1
N
N
N
HB Fuller Co
JSMX3Z5FOYM8V0Q52357
H.B. Fuller Co.
359694106
14400
NS
USD
888192
1.2493585626
Long
EC
CORP
US
N
1
N
N
N
Acushnet Holdings Corp
529900W5FI106H543E43
Acushnet Holdings Corp.
005098108
9796
NS
USD
915730.08
1.2880944847
Long
EC
CORP
US
N
1
N
N
N
Modine Manufacturing Co
Z35SZFYJR8GZZRSIUU09
Modine Manufacturing Co.
607828100
1756
NS
USD
380542.76
0.5352833122
Long
EC
CORP
US
N
1
N
N
N
Mercury Systems Inc
549300P3B84SGK7HH679
Mercury Systems, Inc.
589378108
10736
NS
USD
782761.76
1.1010570996
Long
EC
CORP
US
N
1
N
N
N
Materion Corp
549300CJ5RI351SUYT02
Materion Corp.
576690101
3263
NS
USD
471992.95
0.6639200011
Long
EC
CORP
US
N
1
N
N
N
Manitowoc Co Inc/The
2RTSLGQ89VMY18RHX631
Manitowoc Co., Inc.
563571405
38785
NS
USD
451845.25
0.6355796180
Long
EC
CORP
US
N
1
N
N
N
National Bank Holdings Corp
N/A
National Bank Holdings Corp. - Class A
633707104
27796
NS
USD
1088491.36
1.5311058881
Long
EC
CORP
US
N
1
N
N
N
Northern Oil & Gas Inc
OKFF0PIZDDMNH4UCYE51
Northern Oil & Gas, Inc.
665531307
39613
NS
USD
1157887.99
1.6287213518
Long
EC
CORP
US
N
1
N
N
N
Enpro Inc
549300Y5CFT2LKCFDN54
Enpro, Inc.
29355X107
3318
NS
USD
831656.7
1.1698342468
Long
EC
CORP
US
N
1
N
N
N
Origin Bancorp Inc
54930055DO2Z4KO3NB45
Origin Bancorp, Inc.
68621T102
23243
NS
USD
963654.78
1.3555068621
Long
EC
CORP
US
N
1
N
N
N
Oil States International Inc
5493004TF4KQJGMYL777
Oil States International, Inc.
678026105
14069
NS
USD
163763.16
0.2303543673
Long
EC
CORP
US
N
1
N
N
N
Old Second Bancorp Inc
549300XVJC1MPUT81C04
Old Second Bancorp, Inc.
680277100
32927
NS
USD
663808.32
0.9337334817
Long
EC
CORP
US
N
1
N
N
N
Oshkosh Corp
549300FEKNPCFSA2B506
Oshkosh Corp.
688239201
3876
NS
USD
570585.96
0.8026040032
Long
EC
CORP
US
N
1
N
N
N
Bank OZK
549300VYK2WBD7SST478
Bank OZK
06417N103
24194
NS
USD
1110262.66
1.5617300776
Long
EC
CORP
US
N
1
N
N
N
Patrick Industries Inc
549300FZ5ZTCCJ3Z5W14
Patrick Industries, Inc.
703343103
8627
NS
USD
958200.89
1.3478352503
Long
EC
CORP
US
N
1
N
N
N
Phillips Edison & Co Inc
549300JPN4YHYPXTJQ85
Phillips Edison & Co., Inc. - REIT
71844V201
16735
NS
USD
626223.7
0.8808657832
Long
CORP
US
N
1
N
N
N
AZZ Inc
549300HD1X2NFLWPYC83
AZZ, Inc.
002474104
10960
NS
USD
1371424.8
1.9290888872
Long
EC
CORP
US
N
1
N
N
N
Belden Inc
68BKYO1JC791TTJHUE82
Belden, Inc.
077454106
6224
NS
USD
714701.92
1.0053220064
Long
EC
CORP
US
N
1
N
N
N
BankUnited Inc
96OVUWEW5D4YX6PFXD91
BankUnited, Inc.
06652K103
12352
NS
USD
557816.32
0.7846418294
Long
EC
CORP
US
N
1
N
N
N
COPT Defense Properties
YY1J47X6LF9TYY8JY420
COPT Defense Properties - REIT
22002T108
12647
NS
USD
386998.2
0.5443637354
Long
CORP
US
N
1
N
N
N
Community Healthcare Trust Inc
549300FATSRCMKOV9536
Community Healthcare Trust, Inc. - REIT
20369C106
28674
NS
USD
455629.86
0.6409031684
Long
CORP
US
N
1
N
N
N
Chefs' Warehouse Inc/The
549300JYEDC8C547E980
Chefs' Warehouse, Inc.
163086101
5920
NS
USD
351944
0.4950554047
Long
EC
CORP
US
N
1
N
N
N
Chord Energy Corp
529900FA4V2YNIKZ0M71
Chord Energy Corp.
674215207
2391
NS
USD
339952.38
0.4781876180
Long
EC
CORP
US
N
1
N
N
N
Axcelis Technologies Inc
529900HF9B6NL1QG9F05
Axcelis Technologies, Inc.
054540208
6531
NS
USD
607905.48
0.8550988038
Long
EC
CORP
US
N
1
N
N
N
ADMA Biologics Inc
N/A
ADMA Biologics, Inc.
000899104
18580
NS
USD
167405.8
0.2354782183
Long
EC
CORP
US
N
1
N
N
N
Addus HomeCare Corp
52990090ZT33AKPDBX62
Addus HomeCare Corp.
006739106
6317
NS
USD
591587.05
0.8321447913
Long
EC
CORP
US
N
1
N
N
N
Atlas Energy Solutions Inc
254900IYAISQ4C8AVO27
Atlas Energy Solutions, Inc.
642045108
39604
NS
USD
519604.48
0.7308918638
Long
EC
CORP
US
N
1
N
N
N
Agios Pharmaceuticals Inc
529900ONJHY8EOGYT555
Agios Pharmaceuticals, Inc.
00847X104
9970
NS
USD
337285.1
0.4744357388
Long
EC
CORP
US
N
1
N
N
N
AdaptHealth Corp
N/A
AdaptHealth Corp.
00653Q102
67491
NS
USD
803142.9
1.1297258466
Long
EC
CORP
US
N
1
N
N
N
Applied Industrial Technologie
549300NU173IJRC6PO38
Applied Industrial Technologies, Inc.
03820C105
2185
NS
USD
579724.2
0.8154581366
Long
EC
CORP
US
N
1
N
N
N
Alamo Group Inc
54930080C93RVZRSDV26
Alamo Group, Inc.
011311107
5919
NS
USD
976457.43
1.3735154688
Long
EC
CORP
US
N
1
N
N
N
Allegro MicroSystems Inc
N/A
Allegro MicroSystems, Inc.
01749D105
14811
NS
USD
466990.83
0.6568838631
Long
EC
CORP
US
N
1
N
N
N
Abercrombie & Fitch Co
5493000J7LL72TOGT983
Abercrombie & Fitch Co. - Class A
002896207
5098
NS
USD
465804.26
0.6552147967
Long
EC
CORP
US
N
1
N
N
N
ANI Pharmaceuticals Inc
5493000T6CXTND40YH31
ANI Pharmaceuticals, Inc.
00182C103
9874
NS
USD
759310.6
1.0680699666
Long
EC
CORP
US
N
1
N
N
N
Astec Industries Inc
5493002DO2QKHLKB2A48
Astec Industries, Inc.
046224101
16185
NS
USD
871400.4
1.2257389745
Long
EC
CORP
US
N
1
N
N
N
Astronics Corp
549300NNXCF8H4MSMK17
Astronics Corp.
046433108
5284
NS
USD
352601.32
0.4959800115
Long
EC
CORP
US
N
1
N
N
N
Atlantic Union Bankshares Corp
N/A
Atlantic Union Bankshares Corp.
04911A107
16696
NS
USD
596715.04
0.8393579819
Long
EC
CORP
US
N
1
N
N
N
2026-04-09
INVESTMENT MANAGERS SERIES TRUST II
/s/ Scott Schulenburg
Scott Schulenburg
President
XXXX