# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-25-003737
**Filing Date:** 2025-9
**Character Count:** 21719
**Document Hash:** ca6cfd7d370fed1ef21e1ae84e7417a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003737.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0002000324-25-003737

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**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:** 251352989

**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

### Roundhill Generative AI & Technology ETF (Series ID: S000080348)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000242695 | Roundhill Generative AI & Technology ETF | CHAT            |

## Nport-Ex

**Roundhill Generative AI & Technology ETF**

**Schedule of Investments**

**July 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.3%** | **Shares** | **Value** |
| **Computers - 10.8%** | **Computers - 10.8%** | |
| Apple, Inc. | 47719 | $9905033 |
| Dell Technologies, Inc. - Class C | 73338 | 9731219 |
| Hewlett Packard Enterprise Co. | 447169 | 9251927 |
| Quanta Computer, Inc. | 480565 | 4532341 |
| Super Micro Computer, Inc. <sup>(a)</sup> | 111419 | 6570378 |
| Wistron Corp. | 1157034 | 4768077 |
|  |  | 44758975 |
| **Internet - 19.7%** |  |  |
| Alibaba Group Holding Ltd. | 964165 | 14210687 |
| Alphabet, Inc. - Class A | 101029 | 19387465 |
| Amazon.com, Inc. <sup>(a)</sup> | 43942 | 10287262 |
| Baidu, Inc. - Class A <sup>(a)</sup> | 914175 | 9852128 |
| Meta Platforms, Inc. - Class A | 18289 | 14145444 |
| Tencent Holdings Ltd. | 201290 | 14103121 |
|  |  | 81986107 |
| **Semiconductors - 32.5%<sup>(b)</sup>** |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 72529 | 12787588 |
| ARM Holdings PLC - ADR <sup>(a)</sup> | 76229 | 10776875 |
| Astera Labs, Inc. <sup>(a)</sup> | 132490 | 18115358 |
| Broadcom, Inc. | 42895 | 12598262 |
| Marvell Technology, Inc. | 160882 | 12930086 |
| Micron Technology, Inc. | 37274 | 4068084 |
| NVIDIA Corp. | 199191 | 35430103 |
| QUALCOMM, Inc. | 38808 | 5695462 |
| SK Hynix, Inc. | 57097 | 11260477 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 288062 | 11195307 |
|  |  | 134857602 |
| **Software - 28.6%<sup>(b)</sup>** |  |  |
| CoreWeave, Inc. - Class A <sup>(a)</sup> | 78676 | 8979292 |
| Iflytek Co. Ltd. - Class A | 1420874 | 9635923 |
| Microsoft Corp. | 29526 | 15752121 |
| Nebius Group NV - Class A <sup>(a)</sup> | 239838 | 13054382 |
| Oracle Corp. | 66531 | 16883572 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 110381 | 17478831 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | 32468 | 4473766 |
| Salesforce, Inc. | 29811 | 7701076 |
| SenseTime Group, Inc. - Class B <sup>(a)(c)</sup> | 50375719 | 10267662 |
| ServiceNow, Inc. <sup>(a)</sup> | 8210 | 7743015 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 30051 | 6716399 |
|  |  | 118686039 |
| **Telecommunications - 7.7%** |  |  |
| Arista Networks, Inc. <sup>(a)</sup> | 137574 | 16951868 |
| Sakura Internet, Inc. | 77728 | 1534469 |
| SoftBank Group Corp. | 174420 | 13687499 |
|  |  | 32173836 |
| **TOTAL COMMON STOCKS (Cost $303,253,471)** |  | 412462559 |
| **SHORT-TERM INVESTMENTS - 0.7%** |  |  |
| **Money Market Funds - 0.7%** |  |  |
| First American Government Obligations Fund - Class X, 4.23%<sup>(d)</sup> | 2896011 | 2896011 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $2,896,011)** |  | 2896011 |
| **TOTAL INVESTMENTS - 100.0% (Cost $306,149,482)** |  | 415358570 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(e)</sup> |  | (152042) |
| **TOTAL NET ASSETS - 100.0%** |  | $415206528 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

(a) Non-income
 producing security.

(b) To
 the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially
 sensitive to developments that significantly affect those industries or sectors.

(c) Security
 is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only
 be resold in transactions exempt from registration to qualified institutional investors. As of July 31, 2025, the value of
 these securities total $10,267,662 or 2.5% of the Fund's net assets.

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

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

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

Roundhill Generative AI & Technology 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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $412462559 | $— | $— | $412462559 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 2896011 |  |  | 2896011 |
| Total Investments | $415358570 | $— | $— | $415358570 |

---

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 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:** 8449867676

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

- **a. Name of Series:** Roundhill Generative Ai & Technology ETF

- **b. EDGAR series identifier (if any):** S000080348

- **c. LEI of Series:** 5493000CGHAWO54NWU30

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $411573269.40

**Total Liabilities:** $234773.90

**Net Assets:** $411338495.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242695 | 16.87%               | 16.23%               | 5.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3744172.77              | $36007364.20                               |
| Month 2  | $6719570.62              | $38554126.15                               |
| Month 3  | $51309.11                | $22547944.29                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     71854 | NS      | $12668578.74  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                  | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | CN        |    955183 | NS      | $14078302.31  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    100090 | NS      | $19207271.00  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     43534 | NS      | $10191744.74  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     47275 | NS      | $9812871.75   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    136293 | NS      | $16794023.46  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC               | ARM Holdings PLC                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     75521 | NS      | $10676781.38  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                | Astera Labs Inc                            | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131257 | NS      | $17946769.61  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                  | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | CN        |    905658 | NS      | $9760339.72   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     42496 | NS      | $12481075.20  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc                  | CoreWeave Inc                              | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     77944 | NS      | $8895748.72   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     72657 | NS      | $9640857.33   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2896011 | NS      | $2896010.51   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    443005 | NS      | $9165773.45   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Iflytek Co Ltd                 | Iflytek Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1407674 | NS      | $9546405.17   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159385 | NS      | $12809772.45  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     18121 | NS      | $14015506.24  | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     36929 | NS      | $4030431.06   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     29253 | NS      | $15606475.50  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                | Nebius Group NV                            | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |    237606 | NS      | $12932894.58  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    197337 | NS      | $35100332.19  | 8.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     65913 | NS      | $16726742.01  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    109355 | NS      | $17316364.25  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     38448 | NS      | $5642628.48   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer Inc            | Quanta Computer Inc                        | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |    476089 | NS      | $4490126.59   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32168 | NS      | $4432428.72   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sakura Internet Inc            | Sakura Internet Inc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     77005 | NS      | $1520195.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     29535 | NS      | $7629776.55   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SenseTime Group Inc            | SenseTime Group Inc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |  49906381 | NS      | $10172001.22  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      8135 | NS      | $7672281.20   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                               | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     56566 | NS      | $11155754.98  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     29772 | NS      | $6654042.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Group Corp            | SoftBank Group Corp                        | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |    172797 | NS      | $13560135.35  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |    110381 | NS      | $6509167.57   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                       | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |    199415 | NS      | $13971751.59  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    285380 | NS      | $11091072.95  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Wistron Corp                   | Wistron Corp                               | CUSIP: N/A<br>LEI: 254900DIEONKUALBFM06       | Long             | EC               | CORP              | TW        |   1146255 | NS      | $4723657.43   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial