# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-001236
**Filing Date:** 2026-3
**Character Count:** 10761
**Document Hash:** a97169e1b25a105128b56769962b553a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001236.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002000324-26-001236

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260430

**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:** 26805802

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE,
- **STATE:** WI

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

## Series and Classes Contracts Data

### ZEGA Buy and Hedge ETF (Series ID: S000072366)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000228537 | ZEGA Buy and Hedge ETF | ZHDG            |

## Nport-Ex

**ZEGA Buy and Hedge ETF**

**Schedule of Investments**

**January 31, 2026 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| **PURCHASED OPTIONS - 73.0%<sup>(a)(b)(c)</sup>** | **Notional <br> Amount** | **Contracts** | **Value** |
| **Call Options - 71.5%** |  |  |  |
| SPDR S&P 500 ETF, Expiration: 12/31/2026; Exercise Price: $220.01<sup>(d)(e)</sup> | $36120834 | 522 | $24825155 |
| **Put Options - 1.5%** |  |  |  |
| SPDR S&P 500 ETF, Expiration: 4/30/2026; Exercise Price: $615.00 | 5881745 | 85 | 47642 |
| SPDR S&P 500 ETF, Expiration: 6/18/2026; Exercise Price: $615.00 | 5881745 | 85 | 78498 |
| SPDR S&P 500 ETF, Expiration: 6/30/2026; Exercise Price: $615.00 | 5881745 | 85 | 84957 |
| SPDR S&P 500 ETF, Expiration: 9/18/2026; Exercise Price: $615.00 | 5881745 | 85 | 129668 |
| SPDR S&P 500 ETF, Expiration: 12/18/2026; Exercise Price: $615.00 | 5881745 | 85 | 173357 |
| **Total Put Options** |  |  | 514122 |
| **TOTAL PURCHASED OPTIONS (Cost $24,706,393)** |  |  | 25339277 |
| **SHORT-TERM INVESTMENTS - 26.9%** |  |  |  |
| **Money Market Funds - 1.0%** |  | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 3.61%<sup>(f)</sup> |  | 344606 | 344606 |
| **U.S. Treasury Bills - 25.9%** |  | **Principal Amount** | **Value** |
| U.S. Treasury Bill, 2/19/2026, 3.27%<sup>(g)</sup> |  | $2647000 | 2642508 |
| U.S. Treasury Bill, 4/9/2026, 3.55%<sup>(g)</sup> |  | 1283000 | 1274573 |
| U.S. Treasury Bill, 6/11/2026, 3.56%<sup>(g)</sup> |  | 892000 | 880733 |
| U.S. Treasury Bill, 7/9/2026, 3.59%<sup>(g)</sup> |  | 2833000 | 2789407 |
| U.S. Treasury Bill, 8/6/2026, 3.58%<sup>(g)</sup> |  | 1418000 | 1392459 |
| **Total U.S. Treasury Bills** |  |  | 8979680 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $9,320,019)** |  |  | 9324286 |
| **TOTAL INVESTMENTS - 99.9% (Cost $34,026,412)** |  |  | $34663563 |
| Other Assets in Excess of Liabilities - 0.1% |  |  | 22470 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $34686033 |

---

Percentages are stated as a percent of net assets.

(a) Exchange-traded.

(b) 100 shares per contract.

(c) Non-income producing security.

(d) FLexible EXchange® Options.

(e) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

(f) The rate shown represents the 7-day annualized effective yield as of January 31, 2026.

(g) The rate shown is the annualized effective yield as of January 31, 2026.

## 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:** Zega Buy And Hedge ETF

- **b. EDGAR series identifier (if any):** S000072366

- **c. LEI of Series:** 5493001BFQPSE4Y7N468

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $34714457.66

**Total Liabilities:** $28424.35

**Net Assets:** $34686033.31

**Cash Not Reported:** $50038.19

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -189.06 | **1-Year:** -71.56 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228537 | -0.24%               | -0.12%               | 1.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-546.53                                   |
| Month 2  | $402.50                  | $1271.98                                   |
| Month 3  | $93.10                   | $-5080.83                                  |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    344606 | NS      | $344605.58    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPY 12/31/2026 220.01 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       522 | NC      | $24825154.95  | 71.57%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 04/30/26 P615                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        85 | NC      | $47642.50     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 06/18/26 P615                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        85 | NC      | $78497.50     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 06/30/26 P615                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        85 | NC      | $84957.50     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/18/26 P615                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        85 | NC      | $129667.50    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/18/26 P615                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        85 | NC      | $173357.50    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2647000 | PA      | $2642507.59   | 7.62%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    892000 | PA      | $880732.93    | 2.54%             | 2026-06-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2833000 | PA      | $2789407.35   | 8.04%             | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1418000 | PA      | $1392459.25   | 4.01%             | 2026-08-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1283000 | PA      | $1274572.77   | 3.67%             | 2026-04-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer