# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-002483
**Filing Date:** 2025-7
**Character Count:** 23167
**Document Hash:** 1154bb0e01abc417e4e344f7cdb0d2d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002483.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0002000324-25-002483

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust I
- **CENTRAL INDEX KEY:** 0001742912

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23377
- **FILM NUMBER:** 251158302

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust
- **DATE OF NAME CHANGE:** 20180606

## Series and Classes Contracts Data

### God Bless America ETF (Series ID: S000077618)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000238106 | God Bless America ETF | YALL            |

## Nport-Ex

**God Bless America ETF**

**Schedule of Investments**

**May 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.0%** | **Shares** | **Value** |
| **Aerospace & Defense - 6.1%** |  |  |
| The Boeing Co. <sup>(a)</sup> | 26003 | $5390942 |
| **Auto Manufacturers - 6.9%** |  |  |
| Tesla, Inc. <sup>(a)</sup> | 17649 | 6114672 |
| **Banks - 3.1%** |  |  |
| Regions Financial Corp. | 129835 | 2783662 |
| **Biotechnology - 3.6%** |  |  |
| Amgen, Inc. | 11021 | 3176032 |
| **Building Materials - 1.0%** |  |  |
| Martin Marietta Materials, Inc. | 1657 | 907290 |
| **Chemicals - 1.9%** |  |  |
| The Sherwin-Williams Co. | 4582 | 1644067 |
| **Commercial Services - 2.0%** |  |  |
| Cintas Corp. | 7790 | 1764435 |
| **Cosmetics & Personal Care - 1.3%** |  |  |
| Colgate-Palmolive Co. | 12824 | 1191863 |
| **Distribution & Wholesale - 3.1%** |  |  |
| Copart, Inc. <sup>(a)</sup> | 52877 | 2722108 |
| **Diversified Financial Services - 4.9%** |  |  |
| The Charles Schwab Corp. | 49354 | 4359932 |
| **Electric - 2.7%** |  |  |
| Dominion Energy, Inc. | 14254 | 807774 |
| NextEra Energy, Inc. | 11212 | 792016 |
| Xcel Energy, Inc. | 11342 | 795074 |
|  |  | 2394864 |
| **Environmental Control - 4.0%** |  |  |
| Veralto Corp. | 6245 | 630932 |
| Waste Management, Inc. | 12048 | 2903207 |
|  |  | 3534139 |
| **Food - 3.2%** |  |  |
| General Mills, Inc. | 16706 | 906468 |
| Mondelez International, Inc. - Class A | 14768 | 996692 |
| Tyson Foods, Inc. - Class A | 15823 | 888620 |
|  |  | 2791780 |
| **Healthcare - Products - 2.5%** |  |  |
| Danaher Corp. | 11864 | 2252974 |
| **Healthcare - Services - 4.0%** |  |  |
| HCA Healthcare, Inc. | 9278 | 3538536 |
| **Home Builders - 0.6%** |  |  |
| D.R. Horton, Inc. | 4700 | 554882 |
| **Investment Companies - 3.3%** |  |  |
| MARA Holdings, Inc. <sup>(a)</sup> | 205464 | 2901152 |
| **Iron & Steel - 0.6%** |  |  |
| Nucor Corp. | 5016 | 548550 |

---

---

| | | |
|:---|:---|:---|
| **Media - 4.6%** |  |  |
| Charter Communications, Inc. - Class A <sup>(a)</sup> | 10245 | 4059786 |
| **Mining - 1.0%** |  |  |
| Newmont Corp. | 16675 | 879106 |
| **Oil & Gas - 2.5%** |  |  |
| EOG Resources, Inc. | 10923 | 1185910 |
| Occidental Petroleum Corp. | 24512 | 999599 |
|  |  | 2185509 |
| **Oil & Gas Services - 0.5%** |  |  |
| Schlumberger NV | 14195 | 469145 |
| **Retail - 8.0%** |  |  |
| Costco Wholesale Corp. | 4427 | 4604877 |
| Dollar General Corp. | 6838 | 664996 |
| Tractor Supply Co. | 36406 | 1762050 |
|  |  | 7031923 |
| **Semiconductors - 12.8%** |  |  |
| Broadcom, Inc. | 21606 | 5230164 |
| NVIDIA Corp. | 44913 | 6069094 |
|  |  | 11299258 |
| **Software - 12.3%** |  |  |
| Electronic Arts, Inc. | 20721 | 2979265 |
| MicroStrategy, Inc. - Class A <sup>(a)</sup> | 8010 | 2956171 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 31085 | 4096381 |
| Paychex, Inc. | 5182 | 818290 |
|  |  | 10850107 |
| **Transportation - 1.5%** |  |  |
| CSX Corp. | 40914 | 1292473 |
| **TOTAL COMMON STOCKS (Cost $68,593,928)** |  | 86639187 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.8%** |  |  |
| Prologis, Inc. | 9055 | 983373 |
| Public Storage | 2019 | 622680 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $1,613,365)** |  | 1606053 |
| **SHORT-TERM INVESTMENTS - 0.2%** |  |  |
| **Money Market Funds - 0.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(b)</sup> | 151781 | 151781 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $151,781)** |  | 151781 |
| **TOTAL INVESTMENTS - 100.0% (Cost $70,359,074)** |  | 88397021 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> |  | 24617 |
| **TOTAL NET ASSETS - 100.0%** |  | $88421638 |

---

Percentages are stated as a percent of net assets.

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

(c) Represents less than 0.05% of net assets.

**Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)**

God Bless America ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $86639187 | $— | $— | $86639187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1606053 |  |  | 1606053 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 151781 |  |  | 151781 |
| Total Investments | $88397021 | $— | $— | $88397021 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust I

- **b. Investment Company Act file number:** 811-23377

- **c. CIK number of Registrant:** 0001742912

- **d. LEI of Registrant:** 549300VTYHP8U2332C46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** God Bless America ETF

- **b. EDGAR series identifier (if any):** S000077618

- **c. LEI of Series:** 549300RQTV0J5IEGHR39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $88469603.81

**Total Liabilities:** $47966.18

**Net Assets:** $88421637.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238106 | -2.40%               | 3.68%                | 6.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1605112.24              | $-3740613.03                               |
| Month 2  | $161328.48               | $2689800.07                                |
| Month 3  | $0.00                    | $5268550.73                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     11021 | NS      | $3176031.78   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                  | Boeing Co/The                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     26003 | NS      | $5390941.96   | 6.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     21606 | NS      | $5230164.42   | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     49354 | NS      | $4359932.36   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     10245 | NS      | $4059786.15   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7790 | NS      | $1764435.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     12824 | NS      | $1191862.56   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     52877 | NS      | $2722107.96   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4427 | NS      | $4604876.86   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     40914 | NS      | $1292473.26   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     11864 | NS      | $2252973.60   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      6838 | NS      | $664995.50    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     14254 | NS      | $807774.18    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      4700 | NS      | $554882.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     20721 | NS      | $2979265.38   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     10923 | NS      | $1185910.11   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    151781 | NS      | $151780.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     16706 | NS      | $906467.56    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      9278 | NS      | $3538536.42   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    205464 | NS      | $2901151.68   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1657 | NS      | $907290.35    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      8010 | NS      | $2956170.60   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     14768 | NS      | $996692.32    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     16675 | NS      | $879106.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     11212 | NS      | $792015.68    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      5016 | NS      | $548549.76    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     44913 | NS      | $6069093.69   | 6.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     24512 | NS      | $999599.36    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     31085 | NS      | $4096381.30   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      5182 | NS      | $818289.62    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      9055 | NS      | $983373.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                 | Public Storage                             | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      2019 | NS      | $622679.79    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp         | Regions Financial Corp                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    129835 | NS      | $2783662.40   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                | Schlumberger NV                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     14195 | NS      | $469144.75    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4582 | NS      | $1644067.42   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     17649 | NS      | $6114672.54   | 6.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     36406 | NS      | $1762050.40   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     15823 | NS      | $888619.68    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                   | Veralto Corp                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      6245 | NS      | $630932.35    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     12048 | NS      | $2903206.56   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     11342 | NS      | $795074.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer