# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-003141
**Filing Date:** 2025-8
**Character Count:** 62987
**Document Hash:** f6bde5f000f17dd00efdc9c1cbeaf562
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003141.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0002000324-25-003141

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**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:** 251257723

**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

### Unusual Whales Subversive Republican Trading ETF (Series ID: S000088364)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000254623 | Unusual Whales Subversive Republican Trading ETF | GOP             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Unusual Whales Subversive Republican Trading ETF** | **Unusual Whales Subversive Republican Trading ETF** | **Unusual Whales Subversive Republican Trading ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 93.6%** | **Shares** | **Value** |
| **Aerospace & Defense - 2.1%** |  |  |
| L3Harris Technologies, Inc. | 1036 | $259870 |
| Lockheed Martin Corp. | 646 | 299189 |
| RTX Corp. | 4071 | 594447 |
|  |  | 1153506 |
| **Agriculture - 1.0%** |  |  |
| Philip Morris International, Inc. | 3035 | 552765 |
| **Airlines - 0.7%** |  |  |
| Delta Air Lines, Inc. | 4709 | 231589 |
| Southwest Airlines Co. | 4316 | 140011 |
|  |  | 371600 |
| **Apparel - 0.3%** |  |  |
| Skechers USA, Inc. - Class A<sup>(a)</sup> | 2306 | 145509 |
| **Auto Manufacturers - 1.0%** |  |  |
| Tesla, Inc.<sup>(a)</sup> | 1641 | 521280 |
| **Banks - 5.7%** |  |  |
| Bank of America Corp. | 1953 | 92416 |
| Citigroup, Inc. | 1953 | 166240 |
| Farmers & Merchants Bancorp, Inc. | 3337 | 84359 |
| JPMorgan Chase & Co. | 8993 | 2607161 |
| United Bankshares, Inc. | 3082 | 112277 |
|  |  | 3062453 |
| **Beverages - 0.2%** |  |  |
| Coca-Cola Co. | 1631 | 115393 |
| **Biotechnology - 1.6%** |  |  |
| Amgen, Inc. | 262 | 73153 |
| United Therapeutics Corp.<sup>(a)</sup> | 2754 | 791362 |
|  |  | 864515 |
| **Building Materials - 0.7%** |  |  |
| Fortune Brands Innovations, Inc. | 2080 | 107078 |
| Louisiana-Pacific Corp. | 1420 | 122106 |
| Simpson Manufacturing Co., Inc. | 848 | 131703 |
|  |  | 360887 |
| **Chemicals - 1.8%** |  |  |
| Dow, Inc. | 20887 | 553088 |
| Linde PLC | 852 | 399741 |
|  |  | 952829 |
| **Coal - 0.2%** |  |  |
| Alliance Resource Partners LP | 3876 | 101319 |
| **Commercial Services - 1.4%** |  |  |
| PayPal Holdings, Inc.<sup>(a)</sup> | 7105 | 528043 |
| Quanta Services, Inc. | 266 | 100569 |
| Valvoline, Inc.<sup>(a)</sup> | 3995 | 151291 |
|  |  | 779903 |
| **Computers - 3.5%** |  |  |
| Accenture PLC - Class A | 3352 | 1001879 |
| Apple, Inc. | 1256 | 257693 |
| Crowdstrike Holdings, Inc. - Class A<sup>(a)</sup> | 260 | 132421 |
| EPAM Systems, Inc.<sup>(a)</sup> | 1247 | 220495 |
| Fortinet, Inc.<sup>(a)</sup> | 1622 | 171478 |
| Insight Enterprises, Inc.<sup>(a)</sup> | 850 | 117372 |
|  |  | 1901338 |

---

---

| | | |
|:---|:---|:---|
| **Distribution & Wholesale - 0.3%** |  |  |
| Core & Main, Inc. - Class A <sup>(a)</sup> | 2369.0 | 142969 |
| **Diversified Financial Services - 4.5%** |  |  |
| AerCap Holdings NV | 4417.0 | 516789 |
| Blackrock, Inc. | 336.0 | 352548 |
| Capital One Financial Corp. | 946.0 | 201271 |
| Charles Schwab Corp. | 1816.0 | 165692 |
| Houlihan Lokey, Inc. | 850.0 | 152958 |
| Mastercard, Inc. - Class A | 600.0 | 337164 |
| Stifel Financial Corp. | 2757.0 | 286121 |
| Visa, Inc. - Class A | 1129.0 | 400851 |
|  |  | 2413394 |
| **Electric - 1.1%** |  |  |
| Dominion Energy, Inc. | 5345.0 | 302099 |
| NextEra Energy, Inc. | 3983.0 | 276500 |
|  |  | 578599 |
| **Electrical Components & Equipment - 0.7%** |  |  |
| Emerson Electric Co. | 2953.0 | 393723 |
| **Electronics - 2.7%** |  |  |
| Arrow Electronics, Inc.<sup>(a)</sup> | 846.0 | 107806 |
| Honeywell International, Inc. | 1280.0 | 298086 |
| nVent Electric PLC | 5620.0 | 411665 |
| Plexus Corp.<sup>(a)</sup> | 847.0 | 114608 |
| Sensata Technologies Holding PLC | 2953.0 | 88915 |
| Woodward, Inc. | 1828.0 | 448024 |
|  |  | 1469104 |
| **Engineering & Construction - 4.0%** |  |  |
| Comfort Systems USA, Inc. | 3988.0 | 2138405 |
| **Food - 1.7%** |  |  |
| Tyson Foods, Inc. - Class A | 16679.0 | 933023 |
| **Food Service - 0.5%** |  |  |
| Aramark | 6440.0 | 269643 |
| **Gas - 2.0%** |  |  |
| National Fuel Gas Co. | 12647.0 | 1071327 |
| **Healthcare - Products - 0.6%** |  |  |
| Boston Scientific Corp.<sup>(a)</sup> | 2832.0 | 304185 |
| **Healthcare - Services - 2.2%** |  |  |
| Elevance Health, Inc. | 847.0 | 329449 |
| Humana, Inc. | 602.0 | 147177 |
| IQVIA Holdings, Inc.<sup>(a)</sup> | 589.0 | 92820 |
| UnitedHealth Group, Inc. | 2009.0 | 626748 |
|  |  | 1196194 |
| **Household Products & Wares - 0.3%** |  |  |
| Clorox Co. | 1366.0 | 164016 |
| **Insurance - 4.4%** |  |  |
| Allstate Corp. | 5858.0 | 1179274 |
| Chubb Ltd. | 587.0 | 170066 |
| Equitable Holdings, Inc. | 5770.0 | 323697 |
| Marsh & McLennan Cos., Inc. | 847.0 | 185188 |
| Primerica, Inc. | 655.0 | 179254 |
| Willis Towers Watson PLC | 1045.0 | 320292 |
|  |  | 2357771 |

---

---

| | | |
|:---|:---|:---|
| **Internet - 3.1%** |  |  |
| Amazon.com, Inc.<sup>(a)</sup> | 1834.0 | 402361 |
| ePlus, Inc.<sup>(a)</sup> | 1106.0 | 79743 |
| Gen Digital, Inc. | 6936.0 | 203918 |
| Meta Platforms, Inc. - Class A | 583.0 | 430307 |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 1401.0 | 286701 |
| Uber Technologies, Inc.<sup>(a)</sup> | 2694.0 | 251350 |
|  |  | 1654380 |
| **Iron & Steel - 0.7%** |  |  |
| Cleveland-Cliffs, Inc.<sup>(a)</sup> | 29482.0 | 224063 |
| Nucor Corp. | 1371.0 | 177599 |
|  |  | 401662 |
| **Lodging - 0.5%** |  |  |
| Las Vegas Sands Corp. | 6613.0 | 287732 |
| **Machinery - Construction & Mining - 1.1%** |  |  |
| Caterpillar, Inc. | 660.0 | 256219 |
| Oshkosh Corp. | 3111.0 | 353223 |
|  |  | 609442 |
| **Machinery - Diversified - 1.2%** |  |  |
| Applied Industrial Technologies, Inc. | 524.0 | 121804 |
| Dover Corp. | 524.0 | 96012 |
| Gates Industrial Corp. PLC<sup>(a)</sup> | 3921.0 | 90301 |
| Rockwell Automation, Inc. | 987.0 | 327852 |
|  |  | 635969 |
| **Media - 1.2%** |  |  |
| Charter Communications, Inc. - Class A<sup>(a)</sup> | 549.0 | 224437 |
| Liberty Broadband Corp. - Class C<sup>(a)</sup> | 1174.0 | 115498 |
| Walt Disney Co. | 1041.0 | 129095 |
| Warner Bros Discovery, Inc.<sup>(a)</sup> | 13890.0 | 159179 |
|  |  | 628209 |
| **Mining - 0.6%** |  |  |
| Alcoa Corp. | 2576.0 | 76018 |
| Barrick Mining Corp. | 7720.0 | 160730 |
| Freeport-McMoRan, Inc. | 2210.0 | 95804 |
|  |  | 332552 |
| **Miscellaneous Manufacturing - 0.2%** |  |  |
| Donaldson Co., Inc. | 1756.0 | 121779 |
| **Oil & Gas - 5.2%** |  |  |
| Chevron Corp. | 7506.0 | 1074784 |
| ConocoPhillips | 9050.0 | 812147 |
| Devon Energy Corp. | 4034.0 | 128322 |
| Occidental Petroleum Corp. | 3288.0 | 138129 |
| Shell PLC - ADR | 8961.0 | 630944 |
|  |  | 2784326 |
| **Packaging & Containers - 0.5%** |  |  |
| AptarGroup, Inc. | 655.0 | 102461 |
| TriMas Corp. | 5444.0 | 155753 |
|  |  | 258214 |
| **Pharmaceuticals - 1.8%** |  |  |
| AbbVie, Inc. | 521.0 | 96708 |
| Henry Schein, Inc.<sup>(a)</sup> | 2332.0 | 170353 |
| Johnson & Johnson | 3859.0 | 589462 |
| Novo Nordisk AS - ADR | 1473.0 | 101666 |
|  |  | 958189 |

---

---

| | | |
|:---|:---|:---|
| **Pipelines - 2.1%** |  |  |
| Energy Transfer LP | 14420.0 | 261434 |
| NGL Energy Partners LP<sup>(a)</sup> | 52873.0 | 225768 |
| ONEOK, Inc. | 1632.0 | 133220 |
| Williams Cos., Inc. | 8516.0 | 534890 |
|  |  | 1155312 |
| **Retail - 5.7%** |  |  |
| Bath & Body Works, Inc. | 12136.0 | 363595 |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 2950.0 | 318098 |
| Costco Wholesale Corp. | 519.0 | 513779 |
| Dollar Tree, Inc.<sup>(a)</sup> | 2281.0 | 225910 |
| FirstCash Holdings, Inc. | 2468.0 | 333526 |
| Home Depot, Inc. | 1109.0 | 406604 |
| O'Reilly Automotive, Inc.<sup>(a)</sup> | 4860.0 | 438032 |
| Penske Automotive Group, Inc. | 525.0 | 90200 |
| Starbucks Corp. | 1245.0 | 114079 |
| Suburban Propane Partners LP | 13376.0 | 247857 |
|  |  | 3051680 |
| **Semiconductors - 9.9%** |  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 3841.0 | 545038 |
| ASML Holding NV | 774.0 | 620276 |
| Broadcom, Inc. | 1756.0 | 484041 |
| Intel Corp. | 47325.0 | 1060080 |
| KLA Corp. | 96.0 | 85991 |
| NVIDIA Corp. | 10830.0 | 1711032 |
| QUALCOMM, Inc. | 724.0 | 115304 |
| Texas Instruments, Inc. | 3409.0 | 707777 |
|  |  | 5329539 |
| **Software - 8.4%** |  |  |
| Adobe, Inc.<sup>(a)</sup> | 212.0 | 82019 |
| Autodesk, Inc.<sup>(a)</sup> | 719.0 | 222581 |
| Cadence Design Systems, Inc.<sup>(a)</sup> | 847.0 | 261003 |
| Fidelity National Information Services, Inc. | 14178.0 | 1154231 |
| Intuit, Inc. | 450.0 | 354433 |
| Microsoft Corp. | 783.0 | 389472 |
| MicroStrategy, Inc. - Class A<sup>(a)</sup> | 1845.0 | 745804 |
| Oracle Corp. | 458.0 | 100132 |
| Progress Software Corp. | 1237.0 | 78970 |
| PTC, Inc.<sup>(a)</sup> | 520.0 | 89617 |
| SAP SE - ADR | 1158.0 | 352148 |
| ServiceNow, Inc.<sup>(a)</sup> | 195.0 | 200476 |
| Snowflake, Inc. - Class A<sup>(a)</sup> | 1197.0 | 267853 |
| Workday, Inc. - Class A<sup>(a)</sup> | 996.0 | 239040 |
|  |  | 4537779 |
| **Telecommunications - 5.5%** |  |  |
| Arista Networks, Inc. <sup>(a)</sup> | 10408.0 | 1064842 |
| AT&T, Inc. | 53056.0 | 1535441 |
| Cisco Systems, Inc. | 1892.0 | 131267 |
| T-Mobile US, Inc. | 912.0 | 217293 |
|  |  | 2948843 |
| **Transportation - 0.7%** |  |  |
| FedEx Corp. | 1561.0 | 354831 |
| **TOTAL COMMON STOCKS (Cost $46,688,278)** |  | 50366088 |
| **EXCHANGE TRADED FUNDS - 4.8%** |  |  |
| iShares Bitcoin Trust ETF<sup>(a)</sup> | 41975.0 | 2569290 |
| **TOTAL EXCHANGE TRADED FUNDS (Cost $2,245,480)** |  | 2569290 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.3%** |  |  |
| Simon Property Group, Inc. | 4485.0 | 721008 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $688,516)** |  | 721008 |

---

---

| | |
|:---|:---|
| **SHORT-TERM INVESTMENTS - 0.3%** | |
| **Money Market Funds - 0.3%** |  |
| First American Government Obligations Fund - Class X, 4.25%<sup>(b)</sup> | 145646 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $145,646)** | 145646 |
| **TOTAL INVESTMENTS - 100.0% (Cost $49,767,920)** | 53802032 |
| Other Assets in Excess of Other Assets - (0.0)%<sup>(c)</sup> | (4526) |
| **TOTAL NET ASSETS - 100.0%** | $53797506 |
| two | –% |
| Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| LP - Limited Partnership |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

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

**Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)**

Unusual Whales Subversive Republican Trading 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $50366088 | $— | $— | $50366088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2569290 |  |  | 2569290 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 721008 |  |  | 721008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 145646 |  |  | 145646 |
| Total Investments | $53802032 | $— | $— | $53802032 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | 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:** Unusual Whales Subversive Republican Trading ETF

- **b. EDGAR series identifier (if any):** S000088364

- **c. LEI of Series:** 254900XGL8DAJISHEF68

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $53829369.31

**Total Liabilities:** $31863.37

**Net Assets:** $53797505.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254623 | -1.22%               | 5.72%                | 4.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $308266.56               | $-1037736.41                               |
| Month 2  | $-94676.92               | $2975291.85                                |
| Month 3  | $850384.75               | $1700430.33                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc                     | AbbVie Inc                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       521 | NS      | $96708.02     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                               | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      3352 | NS      | $1001879.28   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       212 | NS      | $82018.56     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      3841 | NS      | $545037.90    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV             | AerCap Holdings NV                          | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | IE        |      4417 | NS      | $516789.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                                  | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      2576 | NS      | $76017.76     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP  | Alliance Resource Partners LP               | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |      3876 | NS      | $101318.64    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The              | Allstate Corp/The                           | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      5858 | NS      | $1179273.98   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1834 | NS      | $402361.26    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       262 | NS      | $73153.02     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      1256 | NS      | $257693.52    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies Inc         | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       524 | NS      | $121803.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                              | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |       655 | NS      | $102461.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                        | Aramark                                     | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |      6440 | NS      | $269642.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     10408 | NS      | $1064842.48   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc          | Arrow Electronics Inc                       | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |       846 | NS      | $107805.78    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       774 | NS      | $620275.86    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     53056 | NS      | $1535440.64   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                                | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       719 | NS      | $222580.83    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1953 | NS      | $92415.96     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp            | Barrick Mining Corp                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      7720 | NS      | $160730.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc          | Bath & Body Works Inc                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     12136 | NS      | $363594.56    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc            | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2950 | NS      | $318098.50    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       336 | NS      | $352548.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2832 | NS      | $304185.12    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1756 | NS      | $484041.40    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       847 | NS      | $261003.05    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp                  | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       946 | NS      | $201270.96    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       660 | NS      | $256218.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      1816 | NS      | $165691.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       549 | NS      | $224436.69    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7506 | NS      | $1074784.14   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                   | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |       587 | NS      | $170065.64    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1892 | NS      | $131266.96    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      1953 | NS      | $166239.36    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc           | Cleveland-Cliffs Inc                        | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     29482 | NS      | $224063.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                               | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      1366 | NS      | $164015.62    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      1631 | NS      | $115393.25    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                     | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      3988 | NS      | $2138405.48   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      9050 | NS      | $812147.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                | Core & Main Inc                             | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2369 | NS      | $142969.15    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       519 | NS      | $513778.86    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       260 | NS      | $132420.60    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc            | Delta Air Lines Inc                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      4709 | NS      | $231588.62    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      4034 | NS      | $128321.54    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                | Dollar Tree Inc                             | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      2281 | NS      | $225910.24    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      5345 | NS      | $302099.40    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                            | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      1756 | NS      | $121778.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                                  | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |       524 | NS      | $96012.52     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                        | Dow Inc                                     | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     20887 | NS      | $553087.76    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                         | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       847 | NS      | $329449.12    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                         | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      2953 | NS      | $393723.49    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                          | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     14420 | NS      | $261434.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                            | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      1247 | NS      | $220494.54    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                      | ePlus Inc                                   | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      1106 | NS      | $79742.60     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc         | Equitable Holdings Inc                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      5770 | NS      | $323697.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers & Merchants Bancorp In | Farmers & Merchants Bancorp Inc/Archbold OH | CUSIP: 30779N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3337 | NS      | $84359.36     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1561 | NS      | $354830.91    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information  | Fidelity National Information Services Inc  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     14178 | NS      | $1154230.98   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund  | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    145646 | NS      | $145646.15    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc         | FirstCash Holdings Inc                      | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2468 | NS      | $333525.52    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                                | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1622 | NS      | $171477.84    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc              | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      2080 | NS      | $107078.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      2210 | NS      | $95803.50     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC      | Gates Industrial Corp PLC                   | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | US        |      3921 | NS      | $90300.63     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                | Gen Digital Inc                             | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      6936 | NS      | $203918.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc               | Henry Schein Inc                            | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      2332 | NS      | $170352.60    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1109 | NS      | $406603.76    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1280 | NS      | $298086.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc             | Houlihan Lokey Inc                          | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |       850 | NS      | $152957.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       602 | NS      | $147176.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises Inc                     | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |       850 | NS      | $117372.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     47325 | NS      | $1060080.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       450 | NS      | $354433.50    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc             | IQVIA Holdings Inc                          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       589 | NS      | $92820.51     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust ETF      | iShares Bitcoin Trust ETF                   | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |     41975 | NS      | $2569289.75   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3859 | NS      | $589462.25    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8993 | NS      | $2607160.63   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        96 | NS      | $85991.04     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1036 | NS      | $259870.24    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                        | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      6613 | NS      | $287731.63    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp         | Liberty Broadband Corp                      | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      1174 | NS      | $115498.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                   | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |       852 | NS      | $399741.36    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       646 | NS      | $299188.44    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp         | Louisiana-Pacific Corp                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      1420 | NS      | $122105.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                    | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |       847 | NS      | $185188.08    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       600 | NS      | $337164.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       583 | NS      | $430306.47    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       783 | NS      | $389472.03    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                           | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1845 | NS      | $745804.35    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                        | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     12647 | NS      | $1071327.37   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      3983 | NS      | $276499.86    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL Energy Partners LP         | NGL Energy Partners LP                      | CUSIP: 62913M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52873 | NS      | $225767.71    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                            | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1473 | NS      | $101666.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      1371 | NS      | $177599.34    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |      5620 | NS      | $411665.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     10830 | NS      | $1711031.70   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      3288 | NS      | $138128.88    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      1632 | NS      | $133220.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       458 | NS      | $100132.54    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                     | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      4860 | NS      | $438031.80    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                   | Oshkosh Corp                                | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      3111 | NS      | $353222.94    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1401 | NS      | $286700.64    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7105 | NS      | $528043.60    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc    | Penske Automotive Group Inc                 | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |       525 | NS      | $90200.25     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3035 | NS      | $552764.55    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                    | Plexus Corp                                 | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |       847 | NS      | $114607.57    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                  | Primerica Inc                               | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |       655 | NS      | $179253.85    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp         | Progress Software Corp                      | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      1237 | NS      | $78970.08     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                        | PTC Inc                                     | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       520 | NS      | $89616.80     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       724 | NS      | $115304.24    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       266 | NS      | $100569.28    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       987 | NS      | $327851.79    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      4071 | NS      | $594447.42    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                      | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1158 | NS      | $352147.80    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding P | Sensata Technologies Holding PLC            | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |      2953 | NS      | $88914.83     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       195 | NS      | $200475.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      8961 | NS      | $630944.01    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group Inc                    | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      4485 | NS      | $721008.60    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co Inc                | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |       848 | NS      | $131702.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc               | Skechers USA Inc                            | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |      2306 | NS      | $145508.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      1197 | NS      | $267852.69    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co          | Southwest Airlines Co                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      4316 | NS      | $140011.04    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                              | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1245 | NS      | $114079.35    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp          | Stifel Financial Corp                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      2757 | NS      | $286121.46    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Suburban Propane Partners LP   | Suburban Propane Partners LP                | CUSIP: 864482104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13376 | NS      | $247857.28    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1641 | NS      | $521280.06    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      3409 | NS      | $707776.58    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                             | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       912 | NS      | $217293.12    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                    | TriMas Corp                                 | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      5444 | NS      | $155752.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     16679 | NS      | $933023.26    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      2694 | NS      | $251350.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV       | United Bankshares Inc/WV                    | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      3082 | NS      | $112277.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp       | United Therapeutics Corp                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      2754 | NS      | $791361.90    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2009 | NS      | $626747.73    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                  | Valvoline Inc                               | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      3995 | NS      | $151290.65    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1129 | NS      | $400851.45    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      1041 | NS      | $129094.41    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     13890 | NS      | $159179.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      8516 | NS      | $534889.96    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC       | Willis Towers Watson PLC                    | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |      1045 | NS      | $320292.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                   | Woodward Inc                                | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      1828 | NS      | $448024.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                                 | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       996 | NS      | $239040.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer