# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-000191
**Filing Date:** 2026-1
**Character Count:** 19198
**Document Hash:** 5dd38945884990f963298039bb64e5ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000191.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002000324-26-000191

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**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:** 26568889

**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

### Clockwise U.S. Core Equity ETF (Series ID: S000085026)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000249889 | Clockwise U.S. Core Equity ETF | TIME            |

## Nport-Ex

**Clockwise Core Equity & Innovation ETF**

**Schedule of Investments**

**November 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 92.9%** | **Shares** | **Value** |
| **Auto Manufacturers - 4.0%** |  |  |
| Tesla, Inc. <sup>(a)</sup> | 1744 | $750216 |
| **Beverages - 7.2%** |  |  |
| Coca-Cola Co. | 10823 | 791378 |
| Constellation Brands, Inc. - Class A | 4100 | 559158 |
|  |  | 1350536 |
| **Commercial Services - 1.2%** |  |  |
| Quanta Services, Inc. | 460 | 213845 |
| **Computers - 7.9%** |  |  |
| Apple, Inc. | 5280 | 1472328 |
| **Diversified Financial Services - 0.9%** |  |  |
| Coinbase Global, Inc. - Class A <sup>(a)</sup> | 600 | 163692 |
| **Electric - 6.2%** |  |  |
| Dominion Energy, Inc. | 15382 | 965528 |
| NextEra Energy, Inc. | 2100 | 181209 |
|  |  | 1146737 |
| **Healthcare - Services - 2.9%** |  |  |
| Molina Healthcare, Inc <sup>(a)</sup> | 3700 | 548562 |
| **Internet - 24.4%** |  |  |
| Alibaba Group Holding Ltd. - ADR | 3500 | 550550 |
| Alphabet, Inc. - Class A | 3559 | 1139521 |
| Amazon.com, Inc. <sup>(a)</sup> | 3977 | 927516 |
| Meta Platforms, Inc. - Class A | 893 | 578619 |
| Netflix, Inc. <sup>(a)</sup> | 1760 | 189341 |
| Reddit, Inc. - Class A <sup>(a)</sup> | 2700 | 584469 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 3200 | 411168 |
| Spotify Technology SA <sup>(a)</sup> | 300 | 179661 |
|  |  | 4560845 |
| **Mining - 5.2%** |  |  |
| Newmont Corp. | 10700 | 970811 |
| **Retail - 8.9%** |  |  |
| Dollar General Corp. | 3400 | 372266 |
| Dominos Pizza, Inc. | 1300 | 545519 |
| McDonald's Corp. | 2400 | 748368 |
|  |  | 1666153 |
| **Semiconductors - 15.4%** |  |  |
| Broadcom, Inc. | 3300 | 1329768 |
| Micron Technology, Inc. | 3390 | 801667 |
| NVIDIA Corp. | 4250 | 752250 |
|  |  | 2883685 |
| **Software - 5.8%** |  |  |
| Microsoft Corp. | 2201 | 1082914 |
| **Telecommunications - 2.9%** |  |  |
| Cisco Systems, Inc. | 7117 | 547582 |
| **TOTAL COMMON STOCKS (Cost $15,776,634)** |  | 17357906 |
| **EXCHANGE TRADED FUNDS - 5.3%** |  |  |
| Direxion Daily Semiconductors Bear 3x Shares | 25700 | 88151 |
| ProShares UltraPro Short QQQ | 7939 | 543107 |

---

---

| | | |
|:---|:---|:---|
| ProShares UltraShort QQQ | 18000 | 363600 |
| **TOTAL EXCHANGE TRADED FUNDS (Cost $1,049,478)** |  | 994858 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.6%** |  |  |
| First American Government Obligations Fund - Class X, 3.92% <sup>(b)</sup> | 111251 | 111251 |
| **TOTAL MONEY MARKET FUNDS (Cost $111,251)** |  | 111251 |
| **TOTAL INVESTMENTS - 98.8% (Cost $16,937,363)** |  | 18464015 |
| Other Assets in Excess of Liabilities - 1.2% |  | 221365 |
| **TOTAL NET ASSETS - 100.0%** |  | $18685380 |
| Percentages are stated as a percent of net assets. |  |  |

---

ADR - American Depositary Receipt

(a) Non-income producing security.

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

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

Clockwise Core Equity & Innovation 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 November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $17357906 | $— | $— | $17357906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 994858 |  |  | 994858 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 111251 |  |  | 111251 |
| Total Investments | $18464015 | $— | $— | $18464015 |

---

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:** Clockwise Core Equity & Innovation ETF

- **b. EDGAR series identifier (if any):** S000085026

- **c. LEI of Series:** 254900BDB5IIXTC8WE66

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $18704551.44

**Total Liabilities:** $14418.73

**Net Assets:** $18690132.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249889 | 3.45%                | 1.94%                | -0.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $72700.10                | $528825.94                                 |
| Month 2  | $539537.87               | $-148561.66                                |
| Month 3  | $-204528.18              | $175195.38                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alibaba Group Holding Ltd                    | Alibaba Group Holding Ltd                    | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |      3500 | NS      | $550550.00    | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                 | Alphabet Inc                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3559 | NS      | $1139520.62   | 6.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                               | Amazon.com Inc                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3977 | NS      | $927515.94    | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                    | Apple Inc                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5280 | NS      | $1472328.00   | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                          | Barrick Mining Corp                          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      9500 | NS      | $392730.00    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3300 | NS      | $1329768.00   | 7.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                            | Cisco Systems Inc                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      7117 | NS      | $547581.98    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                             | Coca-Cola Co/The                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     10823 | NS      | $791377.76    | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                     | Constellation Brands Inc                     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      4100 | NS      | $559158.00    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily Semiconductors Bear 3x Shares | Direxion Daily Semiconductors Bear 3x Shares | CUSIP: 25460G112<br>LEI: N/A                  | Long             | EC               | RF                | US        |     25700 | NS      | $88151.00     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                          | Dollar General Corp                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      3400 | NS      | $372266.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | Dominion Energy Inc                          | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     15382 | NS      | $965528.14    | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                           | Domino's Pizza Inc                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      1300 | NS      | $545519.00    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli               | First American Government Obligations Fund   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    111251 | NS      | $111250.77    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                              | McDonald's Corp                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2400 | NS      | $748368.00    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       893 | NS      | $578619.35    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                        | Micron Technology Inc                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3390 | NS      | $801667.20    | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                               | Microsoft Corp                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2201 | NS      | $1082914.01   | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      3700 | NS      | $548562.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                  | Netflix Inc                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1760 | NS      | $189340.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                 | Newmont Corp                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     10700 | NS      | $970811.00    | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                           | NextEra Energy Inc                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      2100 | NS      | $181209.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                  | NVIDIA Corp                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4250 | NS      | $752250.00    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSHARES TR ULTRAPRO SHORT                  | PROSHARES TR ULTRAPRO SHORT                  | CUSIP: 74350P675<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7939 | NS      | $543106.99    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraShort QQQ                     | ProShares UltraShort QQQ                     | CUSIP: 74349Y829<br>LEI: N/A                  | Long             | EC               | RF                | US        |     18000 | NS      | $363600.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                          | Quanta Services Inc                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       460 | NS      | $213844.80    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                   | Reddit Inc                                   | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      2700 | NS      | $584469.00    | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets Inc                        | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      3200 | NS      | $411168.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                        | Spotify Technology SA                        | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |       300 | NS      | $179661.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | Tesla Inc                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1744 | NS      | $750216.48    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer