# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-015490
**Filing Date:** 2025-11
**Character Count:** 8397
**Document Hash:** deaa946d4cba03308ebc0f6e0dab6dd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015490.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000894189-25-015490

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**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:** 811-23793
- **FILM NUMBER:** 251525645

**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 II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### Defiance Leveraged Long + Income MSTR ETF (Series ID: S000090830)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000258199 | Defiance Leveraged Long + Income MSTR ETF | MST             |

## 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 II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

- **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:** 844-986-7700

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

- **a. Name of Series:** Defiance Leveraged Long Plus Income MSTR ETF

- **b. EDGAR series identifier (if any):** S000090830

- **c. LEI of Series:** 254900YHSKQSJ4YZMM16

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $76808436.83

**Total Liabilities:** $3112658.47

**Net Assets:** $73695778.36

**Cash Not Reported:** $50991726.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 146.810000000000 | **1-Year:** 97.580000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258199 | -7.30%               | -32.34%              | -9.86%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5087.07                | $-12666.12                                 |
| Month 2  | $-2398.98                | $37399.31                                  |
| Month 3  | $33246.18                | $-16258.92                                 |

**Designated Index Information**

- **Index Name:** Strategy, Inc.

- **Index Identifier:** MSTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Government Cash Manage | Dreyfus Government Cash Management         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |         4 | NS      | $4.44         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2213442 | NS      | $2213441.75   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       700 | NC      | $8576750.00   | 11.64%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STRATEGY INC SWAP CANTOR                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1641763.73   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STRATEGY INC SWAP MAREX                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5517116.21   | 7.49%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STRATEGY INC SWAP CS                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-548537.81   | -0.74%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2970000 | PA      | $2926706.01   | 3.97%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2118000 | PA      | $2109506.82   | 2.86%             | 2025-11-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1458438.93   | 1.98%             | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    365000 | PA      | $365000.83    | 0.50%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2305 | NC      | $-2558550.00  | -3.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2305 | NC      | $231652.50    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer