# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-001604
**Filing Date:** 2026-4
**Character Count:** 19576
**Document Hash:** e73442924b5022a2b04df6ce1b1daa76
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001604.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0002000324-26-001604

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**PERIOD START**: 20261130

**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:** 26881604

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### Pinnacle Focused Opportunities ETF (Series ID: S000079304)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000240296 | Pinnacle Focused Opportunities ETF | FCUS            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pinnacle Focused Opportunities ETF** | **Pinnacle Focused Opportunities ETF** | **Pinnacle Focused Opportunities ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 100.0%** | **Shares** | **Value** |
| **Airlines - 2.8%** | | |
| Southwest Airlines Co. | 35581 | $1752720 |
| **Biotechnology - 10.8%** |  |  |
| Cogent Biosciences, Inc. <sup>(a)</sup> | 50813 | 1974085 |
| Krystal Biotech, Inc. <sup>(a)</sup> | 5305 | 1462270 |
| PTC Therapeutics, Inc. <sup>(a)</sup> | 19541 | 1332501 |
| Revolution Medicines, Inc. <sup>(a)</sup> | 19367 | 1975821 |
|  |  | 6744677 |
| **Chemicals - 3.2%** |  |  |
| Albemarle Corp. | 11141 | 1990563 |
| **Computers - 18.0%** |  |  |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 5345 | 3746364 |
| Sandisk Corp. <sup>(a)</sup> | 4110 | 2611330 |
| Seagate Technology Holdings PLC | 5882 | 2398915 |
| Western Digital Corp. | 9100 | 2545270 |
|  |  | 11301879 |
| **Electronics - 3.0%** |  |  |
| Advanced Energy Industries, Inc. | 5703 | 1913756 |
| **Healthcare - Products - 5.2%** |  |  |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 16485 | 1573658 |
| Guardant Health, Inc. <sup>(a)</sup> | 17758 | 1667476 |
|  |  | 3241134 |
| **Machinery - Construction & Mining - 4.1%** |  |  |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | 16608 | 2585367 |
| **Mining - 14.0%** |  |  |
| Alcoa Corp. | 31902 | 1980476 |
| Coeur Mining, Inc. <sup>(a)</sup> | 91648 | 2488243 |
| Hecla Mining Co. | 107766 | 2684451 |
| Newmont Corp. | 12399 | 1611870 |
|  |  | 8765040 |
| **Pharmaceuticals - 2.1%** |  |  |
| Madrigal Pharmaceuticals, Inc. <sup>(a)</sup> | 3004 | 1297728 |
| **Semiconductors - 18.0%** |  |  |
| Lam Research Corp. | 8943 | 2091678 |
| Micron Technology, Inc. | 6423 | 2648653 |
| MKS, Inc. | 11200 | 2737952 |
| SiTime Corp. <sup>(a)</sup> | 5261 | 2093247 |
| Teradyne, Inc. | 5305 | 1697759 |
|  |  | 11269289 |
| **Software - 2.2%** |  |  |
| MongoDB, Inc. <sup>(a)</sup> | 4270 | 1402567 |
| **Telecommunications - 14.4%** |  |  |
| AST SpaceMobile, Inc. <sup>(a)</sup> | 13880 | 1099157 |
| Ciena Corp. <sup>(a)</sup> | 9614 | 3352402 |
| EchoStar Corp. - Class A <sup>(a)</sup> | 22163 | 2560491 |
| Globalstar, Inc. <sup>(a)</sup> | 32241 | 2007647 |
|  |  | 9019697 |
| **Transportation - 2.2%** |  |  |
| C.H. Robinson Worldwide, Inc. | 7291 | 1350658 |
| **TOTAL COMMON STOCKS (Cost $50,917,178)** |  | 62635075 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.1%** |  |  |
| First American Government Obligations Fund - Class X, 3.60% <sup>(b)</sup> | 41680 | 41680 |
| **TOTAL MONEY MARKET FUNDS (Cost $41,680)** |  | 41680 |
| **TOTAL INVESTMENTS - 100.1% (Cost $50,958,858)** |  | 62676755 |
| Liabilities in Excess of Other Assets - (0.1)% | (0.00051) | (32041) |
| **TOTAL NET ASSETS - 100.0%** |  | $62644714 |
| Percentages are stated as a percent of net assets. |  |  |

---

PLC - Public Limited Company <br>

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of February 28, 2026.

**Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)**

Pinnacle Focused Opportunities 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 February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments</u>: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $62635075 | $— | $— | $62635075 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 41680 |  |  | 41680 |
| Total Investments | $62676755 | $— | $— | $62676755 |
| 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 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:** Pinnacle Focused Opportunities ETF

- **b. EDGAR series identifier (if any):** S000079304

- **c. LEI of Series:** 549300PA9RK5MNXQG982

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $62680952.34

**Total Liabilities:** $36237.88

**Net Assets:** $62644714.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240296 | -0.53%               | 15.74%               | 8.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1963415.58             | $1733488.57                                |
| Month 2  | $6298392.23              | $630413.10                                 |
| Month 3  | $177810.53               | $4198022.63                                |

**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 Energy Industries Inc | Advanced Energy Industries Inc             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      5703 | NS      | $1913755.71   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     11141 | NS      | $1990562.47   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     31902 | NS      | $1980476.16   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     13880 | NS      | $1099157.20   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     16608 | NS      | $2585367.36   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc      | CH Robinson Worldwide Inc                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      7291 | NS      | $1350657.75   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                     | Ciena Corp                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      9614 | NS      | $3352401.80   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc               | Coeur Mining Inc                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     91648 | NS      | $2488243.20   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Biosciences Inc         | Cogent Biosciences Inc                     | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50813 | NS      | $1974085.05   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp                              | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     22163 | NS      | $2560491.39   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     41680 | NS      | $41680.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                 | Globalstar Inc                             | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     32241 | NS      | $2007647.07   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc             | Globus Medical Inc                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     16485 | NS      | $1573658.10   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc            | Guardant Health Inc                        | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     17758 | NS      | $1667476.20   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                | Hecla Mining Co                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    107766 | NS      | $2684451.06   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc            | Krystal Biotech Inc                        | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      5305 | NS      | $1462270.20   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      8943 | NS      | $2091678.27   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      5345 | NS      | $3746363.95   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc   | Madrigal Pharmaceuticals Inc               | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      3004 | NS      | $1297728.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      6423 | NS      | $2648652.51   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     11200 | NS      | $2737952.00   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                    | MongoDB Inc                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      4270 | NS      | $1402566.90   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     12399 | NS      | $1611870.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc           | PTC Therapeutics Inc                       | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     19541 | NS      | $1332500.79   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc       | Revolution Medicines Inc                   | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     19367 | NS      | $1975821.34   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                | Sandisk Corp/DE                            | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4110 | NS      | $2611329.60   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      5882 | NS      | $2398914.88   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                    | SiTime Corp                                | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5261 | NS      | $2093246.68   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co          | Southwest Airlines Co                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     35581 | NS      | $1752720.06   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      5305 | NS      | $1697759.15   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp           | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      9100 | NS      | $2545270.00   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-22

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer