# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-25-053453
**Filing Date:** 2025-8
**Character Count:** 34099
**Document Hash:** d15a43699f9493c31944c8e5b4ed54e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053453.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001145549-25-053453

**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**: 20260331

**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:** 251254392

**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

### Acruence Active Hedge U.S. Equity ETF (Series ID: S000071415)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000226496 | Acruence Active Hedge U.S. Equity ETF | XVOL            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** |
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 93.1%** | **COMMON STOCKS - 93.1%** | **Shares** | **Value**  |
| **Aerospace & Defense - 1.8%** | **Aerospace & Defense - 1.8%** | **Aerospace & Defense - 1.8%** | |
| Curtiss-Wright Corp. | Curtiss-Wright Corp. | 160 | $78168 |
| **Agriculture - 6.9%** | **Agriculture - 6.9%** | **Agriculture - 6.9%** |  |
| Altria Group, Inc. | Altria Group, Inc. | 1597 | 93632 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | 411 | 74855 |
| Universal Corp. | Universal Corp. | 2290 | 133370 |
|  |  |  | 301857 |
| **Apparel - 2.0%** | **Apparel - 2.0%** | **Apparel - 2.0%** |  |
| Tapestry, Inc. | Tapestry, Inc. | 978 | 85878 |
| **Auto Manufacturers - 1.7%** | **Auto Manufacturers - 1.7%** | **Auto Manufacturers - 1.7%** |  |
| Tesla, Inc. <sup>(a)</sup> | Tesla, Inc. <sup>(a)</sup> | 237 | 75285 |
| **Banks - 10.9%** | **Banks - 10.9%** | **Banks - 10.9%** |  |
| Associated Banc-Corp | Associated Banc-Corp | 2674 | 65219 |
| Prosperity Bancshares, Inc. | Prosperity Bancshares, Inc. | 1166 | 81900 |
| Simmons First National Corp. - Class A | Simmons First National Corp. - Class A | 5665 | 107408 |
| United Bankshares, Inc. | United Bankshares, Inc. | 2866 | 104408 |
| US Bancorp | US Bancorp | 2703 | 122311 |
|  |  |  | 481246 |
| **Commercial Services - 2.1%** | **Commercial Services - 2.1%** | **Commercial Services - 2.1%** |  |
| Affirm Holdings, Inc. - Class A <sup>(a)</sup> | Affirm Holdings, Inc. - Class A <sup>(a)</sup> | 1303 | 90089 |
| **Distribution & Wholesale - 1.7%** | **Distribution & Wholesale - 1.7%** | **Distribution & Wholesale - 1.7%** |  |
| Fastenal Co. | Fastenal Co. | 1789 | 75138 |
| **Diversified Financial Services - 2.4%** | **Diversified Financial Services - 2.4%** | **Diversified Financial Services - 2.4%** |  |
| CME Group, Inc. - Class A | CME Group, Inc. - Class A | 380 | 104736 |
| **Electric - 13.4%** | **Electric - 13.4%** | **Electric - 13.4%** |  |
| Brookfield Renewable Partners LP | Brookfield Renewable Partners LP | 6091 | 155382 |
| Entergy Corp. | Entergy Corp. | 1795 | 149200 |
| Northwestern Energy Group, Inc. | Northwestern Energy Group, Inc. | 1458 | 74795 |
| Pinnacle West Capital Corp. | Pinnacle West Capital Corp. | 1418 | 126869 |
| Vistra Corp. | Vistra Corp. | 435 | 84307 |
|  |  |  | 590553 |
| **Engineering & Construction - 1.4%** | **Engineering & Construction - 1.4%** | **Engineering & Construction - 1.4%** |  |
| AECOM | AECOM | 544 | 61396 |
| **Entertainment - 1.9%** | **Entertainment - 1.9%** | **Entertainment - 1.9%** |  |
| TKO Group Holdings, Inc. - Class A | TKO Group Holdings, Inc. - Class A | 466 | 84789 |
| **Food - 1.8%** | **Food - 1.8%** | **Food - 1.8%** |  |
| US Foods Holding Corp. <sup>(a)</sup> | US Foods Holding Corp. <sup>(a)</sup> | 1019 | 78473 |
| **Gas - 4.1%** | **Gas - 4.1%** | **Gas - 4.1%** |  |
| Northwest Natural Holding Co. | Northwest Natural Holding Co. | 2065 | 82022 |
| Spire, Inc. | Spire, Inc. | 1366 | 99704 |
|  |  |  | 181726 |
| **Healthcare - Products - 1.7%** | **Healthcare - Products - 1.7%** | **Healthcare - Products - 1.7%** |  |
| Natera, Inc. <sup>(a)</sup> | Natera, Inc. <sup>(a)</sup> | 432 | 72982 |
| **Internet - 7.5%** | **Internet - 7.5%** | **Internet - 7.5%** |  |
| Booking Holdings, Inc. | Booking Holdings, Inc. | 12 | 69471 |
| Chewy, Inc. - Class A <sup>(a)</sup> | Chewy, Inc. - Class A <sup>(a)</sup> | 1826 | 77824 |
| Netflix, Inc. <sup>(a)</sup> | Netflix, Inc. <sup>(a)</sup> | 63 | 84365 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 1063 | 99529 |
|  |  |  | 331189 |
| **Media - 2.0%** | **Media - 2.0%** | **Media - 2.0%** |  |
| Nexstar Media Group, Inc. | Nexstar Media Group, Inc. | 504 | 87167 |
| **Oil & Gas - 1.7%** | **Oil & Gas - 1.7%** | **Oil & Gas - 1.7%** |  |
| EQT Corp. | EQT Corp. | 1318 | 76866 |
| **Pharmaceuticals - 1.4%** | **Pharmaceuticals - 1.4%** | **Pharmaceuticals - 1.4%** |  |
| Cencora, Inc. | Cencora, Inc. | 206 | 61769 |
| **Pipelines - 1.7%** | **Pipelines - 1.7%** | **Pipelines - 1.7%** |  |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | 2613 | 76822 |
| **Retail - 7.4%** | **Retail - 7.4%** | **Retail - 7.4%** |  |
| Casey's General Stores, Inc. | Casey's General Stores, Inc. | 149 | 76030 |
| Darden Restaurants, Inc. | Darden Restaurants, Inc. | 330 | 71930 |
| Target Corp. | Target Corp. | 893 | 88094 |
| Tractor Supply Co. | Tractor Supply Co. | 1676 | 88443 |
|  |  |  | 324497 |
| **Semiconductors - 3.4%** | **Semiconductors - 3.4%** | **Semiconductors - 3.4%** |  |
| Broadcom, Inc. | Broadcom, Inc. | 308 | 84900 |
| KLA Corp. | KLA Corp. | 72 | 64494 |
|  |  |  | 149394 |
| **Software - 12.5%** | **Software - 12.5%** | **Software - 12.5%** |  |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | Cloudflare, Inc. - Class A <sup>(a)</sup> | 436 | 85382 |
| MicroStrategy, Inc. - Class A <sup>(a)</sup> | MicroStrategy, Inc. - Class A <sup>(a)</sup> | 202 | 81655 |
| Oracle Corp. | Oracle Corp. | 357 | 78051 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 562 | 76612 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | ROBLOX Corp. - Class A <sup>(a)</sup> | 775 | 81530 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup> | Take-Two Interactive Software, Inc. <sup>(a)</sup> | 331 | 80383 |
| Veeva Systems, Inc. - Class A <sup>(a)</sup> | Veeva Systems, Inc. - Class A <sup>(a)</sup> | 236 | 67963 |
|  |  |  | 551576 |
| **Telecommunications - 1.7%** | **Telecommunications - 1.7%** | **Telecommunications - 1.7%** |  |
| Verizon Communications, Inc. | Verizon Communications, Inc. | 1701 | 73602 |
| **TOTAL COMMON STOCKS** (Cost $3,752,074) | **TOTAL COMMON STOCKS** (Cost $3,752,074) | **TOTAL COMMON STOCKS** (Cost $3,752,074) | 4095198 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 5.5%** | **REAL ESTATE INVESTMENT TRUSTS - COMMON - 5.5%** |  |  |
| CareTrust REIT, Inc. | CareTrust REIT, Inc. | 3007 | 92014 |
| STAG Industrial, Inc. | STAG Industrial, Inc. | 2096 | 76043 |
| Universal Health Realty Income Trust | Universal Health Realty Income Trust | 1835 | 73345 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $239,092) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $239,092) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $239,092) | 241402 |
| **PURCHASED OPTIONS - 0.3%<sup>(a)(b)(c)(d)</sup>** | **Notional Amount** | **Contracts** |  |
| **Call Options - 0.3%** | **Call Options - 0.3%** |  | $**–** |
|  CBOE Volatility Index, Expiration: 07/16/2025; Exercise Price: $30.00 | $557109 | 333 | 10490 |
| **TOTAL PURCHASED OPTIONS** (Cost $27,433) | **TOTAL PURCHASED OPTIONS** (Cost $27,433) | **TOTAL PURCHASED OPTIONS** (Cost $27,433) | 10490 |
| **SHORT-TERM INVESTMENTS - 0.2%** | **SHORT-TERM INVESTMENTS - 0.2%** | **Shares** |  |
| **Money Market Funds - 0.2%** | **Money Market Funds - 0.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(e)</sup> | First American Government Obligations Fund - Class X, 4.25% <sup>(e)</sup> | 10119 | 10119 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $10,119) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $10,119) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $10,119) | 10119 |
| **TOTAL INVESTMENTS - 99.1% (**Cost $4,028,718**)** | **TOTAL INVESTMENTS - 99.1% (**Cost $4,028,718**)** | **TOTAL INVESTMENTS - 99.1% (**Cost $4,028,718**)** | 4357209 |
| Other Assets in Excess of Liabilities - 0.9% | Other Assets in Excess of Liabilities - 0.9% | Other Assets in Excess of Liabilities - 0.9% | 40813 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $4398022 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

LP - Limited Partnership<br>

(a) Non-income producing security.

(b) Exchange-traded.

(c) 100 shares per contract.

(d) The investment is a holding of Toroso Cayman Subsidiary I, a wholly-owned subsidiary of the Acruence Active Hedge U.S. Equity ETF.

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

------

---

| | | | |
|:---|:---|:---|:---|
| **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** | **Acruence Active Hedge U.S. Equity ETF** |
| **Consolidated Schedule of Written Options** | **Consolidated Schedule of Written Options** | **Consolidated Schedule of Written Options** | **Consolidated Schedule of Written Options** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.1)%<sup>(a)(b)(c)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.1)%** | **Call Options - (0.1)%** | **Call Options - (0.1)%** | **Call Options - (0.1)%** |
| CBOE Volatility Index, Expiration: 07/16/2025; Exercise Price: $45.00 | $(557109) | (333) | $(6494) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $12,195) |  |  | $(6494) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

(c) The investment is a holding of Toroso Cayman Subsidiary I, a wholly-owned subsidiary of the Acruence Active Hedge U.S. Equity ETF.

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Acruence Active Hedge U.S. Equity 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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $4095198 | $– | $– | $4095198 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 241402 | – | – | 241402 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 10490 | – | 10490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 10119 | – | – | 10119 |
| Total Investments | $4346719 | $10490 | $– | $4357209 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(6494) | $– | $(6494) |
| Total Investments | $– | $(6494) | $– | $(6494) |
| Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated 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:** 844-986-7700

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

- **a. Name of Series:** Acruence Active Hedge U.S. Equity ETF

- **b. EDGAR series identifier (if any):** S000071415

- **c. LEI of Series:** 549300G0LOC43LRVJS20

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

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

- **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:** $4400936.29

**Total Liabilities:** $2940.89

**Net Assets:** $4397995.40

**Amount of Assets Invested in Other Investment Companies:** $47258.89

**Cash Not Reported:** $44122.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226496 | 0.38%                | 7.09%                | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44575.81               | $48840.05                                  |
| Month 2  | $0.00                    | $294339.39                                 |
| Month 3  | $189999.56               | $-77326.98                                 |

**Designated Index Information**

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

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      2703 | NS      | $122310.75    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV       | United Bankshares Inc/WV                   | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      2866 | NS      | $104408.38    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/VA              | Universal Corp/VA                          | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |      2290 | NS      | $133369.60    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income | Universal Health Realty Income Trust       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      1835 | NS      | $73344.95     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1597 | NS      | $93632.11     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp           | Associated Banc-Corp                       | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      2674 | NS      | $65218.86     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        12 | NS      | $69470.88     | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       308 | NS      | $84900.20     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       357 | NS      | $78050.91     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       562 | NS      | $76611.84     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       411 | NS      | $74855.43     | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp                 | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      1418 | NS      | $126868.46    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc      | Prosperity Bancshares Inc                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1166 | NS      | $81899.84     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                          | AECOM                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |       544 | NS      | $61395.84     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc            | Affirm Holdings Inc                        | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1303 | NS      | $90089.42     | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                    | Cencora Inc                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       206 | NS      | $61769.10     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       380 | NS      | $104735.60    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc             | CareTrust REIT Inc                         | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      3007 | NS      | $92014.20     | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       149 | NS      | $76030.23     | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                      | Chewy Inc                                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      1826 | NS      | $77824.12     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       436 | NS      | $85381.88     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp            | Curtiss-Wright Corp                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       160 | NS      | $78168.00     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       330 | NS      | $71930.10     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      1318 | NS      | $76865.76     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      1795 | NS      | $149200.40    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      1789 | NS      | $75138.00     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     10119 | NS      | $10119.42     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        72 | NS      | $64493.28     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      2613 | NS      | $76822.20     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |       202 | NS      | $81654.46     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                     | Natera Inc                                 | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       432 | NS      | $72982.08     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        63 | NS      | $84365.19     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc        | Nexstar Media Group Inc                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |       504 | NS      | $87166.80     | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co   | Northwest Natural Holding Co               | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |      2065 | NS      | $82021.80     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc  | Northwestern Energy Group Inc              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      1458 | NS      | $74795.40     | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners  | Brookfield Renewable Partners LP           | CUSIP: N/A<br>LEI: VA8DFMRI2GY8Y7V79H93       | Long             | EC               | CORP              | CA        |      6091 | NS      | $155381.41    | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | VIX US 07/16/25 C30                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       333 | NC      | $10489.50     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VIX US 07/16/25 C45                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -333 | NC      | $-6493.50     | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      1063 | NS      | $99528.69     | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       775 | NS      | $81530.00     | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp    | Simmons First National Corp                | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |      5665 | NS      | $107408.40    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                      | Spire Inc                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      1366 | NS      | $99704.34     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc            | STAG Industrial Inc                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      2096 | NS      | $76042.88     | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc         | TKO Group Holdings Inc                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       466 | NS      | $84788.70     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software  | Take-Two Interactive Software Inc          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       331 | NS      | $80383.35     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       978 | NS      | $85878.18     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       893 | NS      | $88094.45     | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       237 | NS      | $75285.42     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      1676 | NS      | $88442.52     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp          | US Foods Holding Corp                      | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      1019 | NS      | $78473.19     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc              | Veeva Systems Inc                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       236 | NS      | $67963.28     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1701 | NS      | $73602.27     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       435 | NS      | $84307.35     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer