0001752724-23-239132.txt : 20231027 0001752724-23-239132.hdr.sgml : 20231027 20231027085316 ACCESSION NUMBER: 0001752724-23-239132 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231027 DATE AS OF CHANGE: 20231027 PERIOD START: 20240531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northern Lights Fund Trust IV CENTRAL INDEX KEY: 0001644419 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0916 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23066 FILM NUMBER: 231352467 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 402-895-1600 MAIL ADDRESS: STREET 1: 17605 WRIGHT STREET STREET 2: SUITE 200 CITY: OMAHA STATE: NE ZIP: 68154-1150 0001644419 S000068966 Sterling Capital Focus Equity ETF C000220403 Sterling Capital Focus Equity ETF LCG NPORT-P 1 primary_doc.xml NPORT-P false 0001644419 XXXXXXXX S000068966 C000220403 Northern Lights Fund Trust IV 811-23066 0001644419 549300UIBIHXQ3PDEC28 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 Sterling Capital Focus Equity ETF S000068966 549300TQVFTFHODA5C95 2024-05-31 2023-08-31 N 61897769.19 37539.72 61860229.47 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 31289.67000000 N Costar Group Inc N/A COSTAR GROUP INC 22160N109 62742.00000000 NS USD 5144216.58000000 8.315870510138 Long EC CORP US N 1 N N N Old Dominion Freight Line Inc. 5299009TWK32WE417T96 OLD DOMINION FRT 679580100 4581.00000000 NS USD 1957781.97000000 3.164847571329 Long EC CORP US N 1 N N N Workday Inc 549300J0DYC0N31V7G13 WORKDAY INC-A 98138H101 11006.00000000 NS USD 2690967.00000000 4.350076006919 Long EC CORP US N 1 N N N Servicenow Inc 549300HJTQM36M0E1G39 SERVICENOW INC 81762P102 4598.00000000 NS USD 2707440.34000000 4.376705943700 Long EC CORP US N 1 N N N Unity Software Inc 549300D1ESJMGNQNG432 UNITY SOFTWARE I 91332U101 43360.00000000 NS USD 1607355.20000000 2.598366048382 Long EC CORP US N 1 N N N Adyen NV 724500973ODKK3IFQ447 ADYEN NV-UNSPON 00783V104 717030.00000000 NS USD 5972859.90000000 9.655411806864 Long EC CORP NL N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 AMAZON.COM INC 023135106 21764.00000000 NS USD 3003649.64000000 4.855542350447 Long EC CORP US N 1 N N N Veeva Systems Inc 549300YZEXPDB92M2F02 VEEVA SYSTEMS-A 922475108 16806.00000000 NS USD 3507412.20000000 5.669898463116 Long EC CORP US N 1 N N N MasterCard Incorporated AR5L2ODV9HN37376R084 MASTERCARD INC-A 57636Q104 5894.00000000 NS USD 2432100.16000000 3.931605460952 Long EC CORP US N 1 N N N Hubspot Inc 529900BLNVEW0MVKJB37 HUBSPOT INC 443573100 5211.00000000 NS USD 2847915.72000000 4.603791069642 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 MICROSOFT CORP 594918104 7817.00000000 NS USD 2562099.92000000 4.141756249453 Long EC CORP US N 1 N N N Casella Waste Systems, Inc. 8EU0XUFVJ48U37IIDH51 CASELLA WASTE 147448104 23880.00000000 NS USD 1881027.60000000 3.040770485522 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 ALPHABET INC-C 02079K107 21062.00000000 NS USD 2892865.70000000 4.676454847945 Long EC CORP US N 1 N N N MSCI Inc. 549300HTIN2PD78UB763 MSCI INC 55354G100 5305.00000000 NS USD 2883904.10000000 4.661967995767 Long EC CORP US N 1 N N N IDEXX Laboratories Inc. OGMTXK0LUU1HKV2P0J84 IDEXX LABS 45168D104 7055.00000000 NS USD 3607997.55000000 5.832499460335 Long EC CORP US N 1 N N N Okta Inc. 549300N8J06I8MRHU620 OKTA INC 679295105 37090.00000000 NS USD 3097385.90000000 5.007071468272 Long EC CORP US N 1 N N N Heico Corp 529900O1DTDLCJ7L0I14 HEICO CORP-CLASS A 422806208 17274.00000000 NS USD 2339417.82000000 3.781780054880 Long EC CORP US N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 S&P GLOBAL INC 78409V104 12907.00000000 NS USD 5044830.02000000 8.155207413911 Long EC CORP US N 1 N N N Shopify Inc 549300HGQ43STJLLP808 SHOPIFY INC - A 82509L107 44504.00000000 NS USD 2959070.96000000 4.783478796235 Long EC CORP CA N 1 N N N Atlassian Corporation N/A ATLASSIAN CORP-A 049468101 13274.00000000 NS USD 2708692.44000000 4.378730022839 Long EC CORP US N 1 N N N 2023-09-28 Northern Lights Fund Trust IV Sam Singh Sam Singh Treasurer XXXX NPORT-EX 2 sterling_nport.htm STERLING 8.31.23

 

STERLING CAPITAL FOCUS EQUITY ETF
SCHEDULE OF INVESTMENTS (Unaudited)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 100.0%      
    AEROSPACE & DEFENSE - 3.8%      
17,274   HEICO Corporation, Class A       $ 2,339,417
             
 
    CAPITAL MARKETS - 8.2%      
12,907   S&P Global, Inc.         5,044,830
             
 
    COMMERCIAL SUPPORT SERVICES - 3.0%      
23,880   Casella Waste Systems, Inc., Class A(a)         1,881,028
             
 
    DIVERSIFIED FINANCIAL SERVICES - 4.7%      
5,305   MSCI, Inc.         2,883,904
             
 
    E-COMMERCE DISCRETIONARY - 4.9%      
21,764   Amazon.com, Inc.(a)         3,003,650
             
 
    HEALTH CARE EQUIPMENT & SUPPLIES - 5.8%      
7,055   IDEXX Laboratories, Inc.(a)         3,607,998
             
 
    HEALTH CARE TECHNOLOGY - 5.7%      
16,806   Veeva Systems, Inc., Class A(a)         3,507,412
             
 
    INTERNET MEDIA & SERVICES - 4.7%      
21,062   Alphabet, Inc., Class C(a)         2,892,866
             
 
    IT SERVICES - 13.7%      
5,894   Mastercard, Inc., Class A         2,432,100
37,090   Okta, Inc.(a)         3,097,386
44,504   Shopify, Inc., Class A(a)         2,959,071
             

8,488,557

    PROFESSIONAL SERVICES - 8.3%      
62,742   CoStar Group, Inc.(a)         5,144,217
             
 
    ROAD & RAIL - 3.2%      
4,581   Old Dominion Freight Line, Inc.         1,957,782
             
 
 
 

 

STERLING CAPITAL FOCUS EQUITY ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 100.0% (Continued)      
    SOFTWARE - 24.3%      
13,274   Atlassian Corp plc, Class A(a)       $ 2,708,692
5,211   HubSpot, Inc.(a)         2,847,916
7,817   Microsoft Corporation         2,562,100
4,598   ServiceNow, Inc.(a)         2,707,440
43,360   Unity Software, Inc.(a)         1,607,355
11,006   Workday, Inc., Class A(a)         2,690,967
             

15,124,470

    TECHNOLOGY SERVICES - 9.7%      
717,030   Adyen N.V. - ADR(a)         5,972,860
             
 
               
    TOTAL COMMON STOCKS (Cost $64,884,992)    

  61,848,991

               
    TOTAL INVESTMENTS - 100.0% (Cost $64,884,992)     $ 61,848,991
    OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%    

11,238

    NET ASSETS - 100.0%        

$ 61,860,229

           
               
 

 

 

 

ADR  - American Depositary Receipt
MSCI  - Morgan Stanley Capital International
NV  - Naamioze Vennootschap
PLC  - Public Limited Company
   
 

 

 

 

(a) Non-income producing security.

 

 

 

 
 
 

 

 

 
 

 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1%      
    AEROSPACE & DEFENSE - 1.5%      
1,714   General Dynamics Corporation       $ 388,461
4,727   Hexcel Corporation         346,489
16,024   Spirit AeroSystems Holdings, Inc., Class A         341,632
3,125   Woodward, Inc.         404,281
             

1,480,863

    ASSET MANAGEMENT - 1.3%      
1,129   Ameriprise Financial, Inc.         381,128
4,717   Raymond James Financial, Inc.         493,351
6,336   Stifel Financial Corporation         411,967
             

1,286,446

    AUTOMOTIVE - 0.3%      
6,724   BorgWarner, Inc.         274,003
             
 
    BANKING - 0.6%      
10,617   Fifth Third Bancorp         281,881
25,426   KeyCorporation         288,077
             

569,958

    BIOTECH & PHARMA - 7.7%      
2,051   Amgen, Inc.         525,753
1,120   Biogen, Inc.(a)         299,443
6,058   Eli Lilly and Company         3,357,345
8,015   Gilead Sciences, Inc.         612,987
10,526   Merck & Co., Inc.         1,147,123
907   Regeneron Pharmaceuticals, Inc.(a)         749,626
1,472   Vertex Pharmaceuticals, Inc.(a)         512,756
3,582   Zoetis, Inc.         682,407
             

7,887,440

    CHEMICALS - 1.1%      
1,959   Albemarle Corporation         389,272
4,187   Eastman Chemical Company         355,937
4,313   International Flavors & Fragrances, Inc.         303,851
             

1,049,060

    COMMERCIAL SUPPORT SERVICES - 0.9%      
4,686   Republic Services, Inc.         675,394
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    COMMERCIAL SUPPORT SERVICES - 0.9% (Continued)      
5,278   Stericycle, Inc.(a)       $ 233,340
             

908,734

    CONSTRUCTION MATERIALS - 1.0%      
1,204   Martin Marietta Materials, Inc.         537,478
3,443   Owens Corning         495,482
             

1,032,960

    CONTAINERS & PACKAGING - 0.6%      
1,957   Packaging Corp of America         291,789
8,283   Sealed Air Corporation         306,968
             

598,757

    DATA CENTER REIT - 0.5%      
4,008   Digital Realty Trust, Inc.         527,934
             
 
    DIVERSIFIED INDUSTRIALS - 0.8%      
2,993   Dover Corporation         443,862
3,915   Emerson Electric Co.         384,649
             

828,511

    E-COMMERCE DISCRETIONARY - 2.9%      
21,627   Amazon.com, Inc.(a)         2,984,743
             
 
    ELECTRIC UTILITIES - 1.2%      
4,898   Consolidated Edison, Inc.         435,726
6,983   Eversource Energy         445,656
4,170   WEC Energy Group, Inc.         350,780
             

1,232,162

    ELECTRICAL EQUIPMENT - 2.3%      
16,294   Carrier Global Corporation         936,089
3,513   Keysight Technologies, Inc.(a)         468,283
9,640   Sensata Technologies Holding plc         362,657
5,055   TE Connectivity Ltd.         669,231
             

2,436,260

    ENTERTAINMENT CONTENT - 2.2%      
51,075   AppLovin Corporation(a)         2,207,462
             
 
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    FOOD - 0.5%      
18,453   Conagra Brands, Inc.       $ 551,376
             
 
    GAS & WATER UTILITIES - 0.6%      
4,038   American Water Works Company, Inc.         560,232
             
 
    HEALTH CARE FACILITIES & SERVICES - 4.4%      
2,109   AmerisourceBergen Corporation         371,142
8,189   Catalent, Inc.(a)         409,204
6,883   Henry Schein, Inc.(a)         526,825
1,933   Laboratory Corp of America Holdings         402,257
3,957   Quest Diagnostics, Inc.         520,346
4,623   UnitedHealth Group, Inc.         2,203,229
             

4,433,003

    HOME & OFFICE PRODUCTS - 0.3%      
5,794   Scotts Miracle-Gro Company (The)         328,288
             
 
    HOME CONSTRUCTION - 1.9%      
11,378   DR Horton, Inc.         1,354,209
9,555   Masco Corporation         563,841
             

1,918,050

    HOUSEHOLD PRODUCTS - 2.0%      
10,393   Colgate-Palmolive Company         763,574
7,694   Procter & Gamble Company (The)         1,187,492
             

1,951,066

    INDUSTRIAL INTERMEDIATE PROD - 0.4%      
1,485   Valmont Industries, Inc.         376,448
             
 
    INDUSTRIAL REIT - 0.5%      
13,681   Americold Realty Trust, Inc.         460,366
             
 
    INDUSTRIAL SUPPORT SERVICES - 0.7%      
1,517   United Rentals, Inc.         722,911
             
 
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    INFRASTRUCTURE REIT - 0.4%      
1,689   SBA Communications Corporation       $ 379,231
             
 
    INSTITUTIONAL FINANCIAL SERVICES - 1.4%      
4,223   Houlihan Lokey, Inc.         444,851
4,223   Intercontinental Exchange, Inc.         498,272
5,628   Morgan Stanley         479,224
             

1,422,347

    INSURANCE - 2.8%      
7,780   MetLife, Inc.         492,785
3,510   Progressive Corporation (The)         468,480
3,278   Reinsurance Group of America, Inc.         454,396
2,111   RenaissanceRe Holdings Ltd.         396,636
12,912   Unum Group         635,141
6,107   Voya Financial, Inc.         425,536
             

2,872,974

    INTERNET MEDIA & SERVICES - 8.4%      
15,977   Alphabet, Inc., Class C(a)         2,194,440
11,419   Meta Platforms, Inc., Class A(a)         3,378,768
4,260   Netflix, Inc.(a)         1,847,477
24,172   Uber Technologies, Inc.(a)         1,141,644
             

8,562,329

    LEISURE FACILITIES & SERVICES - 0.6%      
3,616   Darden Restaurants, Inc.         562,324
             
 
    MACHINERY - 1.0%      
1,445   Deere & Company         593,808
1,700   Snap-on, Inc.         456,620
             

1,050,428

    MEDICAL EQUIPMENT & DEVICES - 4.9%      
3,618   Agilent Technologies, Inc.         438,031
1,088   Bio-Rad Laboratories, Inc., Class A(a)         435,418
9,209   DENTSPLY SIRONA, Inc.         341,562
7,487   GE HealthCare Technologies, Inc.         527,459
8,180   Hologic, Inc.(a)         611,373
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    MEDICAL EQUIPMENT & DEVICES - 4.9% (Continued)      
1,655   IDEXX Laboratories, Inc.(a)       $ 846,384
3,980   Intuitive Surgical, Inc.(a)         1,244,466
4,469   Zimmer Biomet Holdings, Inc.         532,347
             

4,977,040

    OFFICE REIT - 0.3%      
4,571   Boston Properties, Inc.         305,206
             
 
    OIL & GAS PRODUCERS - 2.2%      
23,187   Canadian Natural Resources Ltd.         1,499,967
16,148   Coterra Energy, Inc.         455,212
5,827   Murphy Oil Corporation         264,546
             

2,219,725

    OIL & GAS SERVICES & EQUIPMENT - 3.1%      
8,896   ChampionX Corporation         321,057
6,971   Helmerich & Payne, Inc.         278,770
43,593   Schlumberger Ltd         2,570,243
             

3,170,070

    REAL ESTATE SERVICES - 0.6%      
6,940   CBRE Group, Inc., Class A(a)         590,247
             
 
    RETAIL - CONSUMER STAPLES - 0.9%      
15,526   Sprouts Farmers Market, Inc.(a)         633,305
2,396   Target Corporation         303,214
             

936,519

    RETAIL - DISCRETIONARY - 1.3%      
1,292   Lowe's Companies, Inc.         297,780
11,189   TJX Companies, Inc. (The)         1,034,759
             

1,332,539

    RETAIL REIT - 0.3%      
15,495   Kimco Realty Corporation         293,475
             
 
    SEMICONDUCTORS - 9.5%      
7,306   Applied Materials, Inc.         1,116,065
1,905   Broadcom, Inc.         1,758,105
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    SEMICONDUCTORS - 9.5% (Continued)      
5,619   Entegris, Inc.       $ 569,036
2,399   Lam Research Corporation         1,685,058
8,400   NVIDIA Corporation         4,145,819
3,771   Skyworks Solutions, Inc.         410,059
             

9,684,142

    SOFTWARE - 11.2%      
10,032   Akamai Technologies, Inc.(a)         1,054,263
1,656   ANSYS, Inc.(a)         528,049
1,783   Intuit, Inc.         966,047
9,319   Microsoft Corporation         3,054,394
7,441   Oracle Corporation         895,822
2,765   ServiceNow, Inc.(a)         1,628,115
3,438   Synopsys, Inc.(a)         1,577,664
4,248   VMware, Inc., Class A(a)         716,977
3,897   Workday, Inc., Class A(a)         952,817
             

11,374,148

    SPECIALTY FINANCE - 1.5%      
10,684   Air Lease Corporation         435,480
4,861   American Express Co.         767,989
2,865   GATX Corporation         338,471
             

1,541,940

    SPECIALTY REIT - 0.3%      
12,903   Hannon Armstrong Sustainable Infrastructure Capital, Inc.         288,640
             
 
    STEEL - 0.5%      
4,989   Steel Dynamics, Inc.         531,778
             
 
    TECHNOLOGY HARDWARE - 3.7%      
16,380   Apple, Inc.         3,077,311
3,198   Arrow Electronics, Inc.(a)         426,709
5,907   Lumentum Holdings, Inc.(a)         319,746
             

3,823,766

    TECHNOLOGY SERVICES - 3.3%      
925   Accenture plc, Class A         299,487
 
 

 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
August 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 98.1% (Continued)      
    TECHNOLOGY SERVICES - 3.3% (Continued)      
2,109   Broadridge Financial Solutions, Inc.       $ 392,717
564   Fair Isaac Corporation(a)         510,189
3,301   Global Payments, Inc.         418,204
6,095   PayPal Holdings, Inc.(a)         380,998
5,579   Visa, Inc., Class A         1,370,649
             

3,372,244

    TELECOMMUNICATIONS - 0.6%      
18,594   Verizon Communications, Inc.         650,418
             
 
    TIMBER REIT - 0.5%      
18,750   Weyerhaeuser Company         614,062
             
 
    TRANSPORTATION & LOGISTICS - 0.4%      
13,504   CSX Corporation         407,821
             
 
    TRANSPORTATION EQUIPMENT - 1.5%      
3,457   Cummins, Inc.         795,248
6,148   Westinghouse Air Brake Technologies Corporation         691,773
             

1,487,021

    WHOLESALE - CONSUMER STAPLES - 0.3%      
4,926   Sysco Corporation         343,096
             
 
    WHOLESALE - DISCRETIONARY - 0.4%      
7,753   LKQ Corporation         407,265
             
 
               
    TOTAL COMMON STOCKS (Cost $91,053,788)    

  99,807,828

               
    TOTAL INVESTMENTS - 98.1% (Cost $91,053,788)     $ 99,807,828
    OTHER ASSETS IN EXCESS OF LIABILITIES- 1.9%    

1,947,097

    NET ASSETS - 100.0%        

$ 101,754,925

           
               
 

 

 
 

STERLING CAPITAL DIVERSE MULTI-MANAGER ACTIVE ETF

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

August 31, 2023

 

   
   
LTD  - Limited Company
PLC  - Public Limited Company
REIT  - Real Estate Investment Trust
   
 

 

 

 

(a) Non-income producing security.