# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-000221
**Filing Date:** 2026-1
**Character Count:** 14865
**Document Hash:** 03bfa9ffade2dba4a0b7ee39a920ed9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000221.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002000324-26-000221

**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 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:** 26571273

**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

### Unlimited HFEQ Equity Long/Short ETF (Series ID: S000082853)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000246176 | Unlimited HFEQ Equity Long/Short ETF | HFEQ            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 50.5%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary Select Sector SPDR Fund | 1240 | $293210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund | 2700 | 244215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial Select Sector SPDR Fund | 6773 | 1040942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI China ETF | 13345 | 830059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Homebuilders ETF | 7637 | 831517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P Retail ETF | 6244 | 526681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities Select Sector SPDR Fund | 10152 | 920076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard Mid-Cap ETF | 3305 | 965556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard Russell 2000 ETF | 9956 | 1001375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard US Momentum Factor ETF | 11110 | 2136453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard Value ETF | 7123 | 1356789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $9,803,167)** |  | 10146873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 24.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 24.3%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.92%<sup>(a)</sup> | 4883935 | 4883935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $4,883,935)** |  | 4883935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 74.8% (Cost $14,687,102)** |  | $15030808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 25.2% |  | 5064042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $20094850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) The rate shown represents the 7-day annualized effective yield as of November 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** | **Unlimited HFEQ Equity Long/Short ETF** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **FUTURES CONTRACTS - 0.8%** | | | | |
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized<br> Appreciation<br> (Depreciation)** |
| CBOE Volatility Index | 16 | 12/17/2025 | $292299 | $(562) |
| E-Mini Nasdaq 100 Index | 11 | 12/19/2025 | 5606040 | 100790 |
| E-Mini S&P 500 Index | 2 | 12/19/2025 | 685950 | 2168 |
| E-Mini S&P Financial Select Sector Index | 24 | 12/19/2025 | 3943560 | (24821) |
| Euro STOXX 50 Dividend Index | 28 | 12/19/2025 | 1843790 | 6556 |
| MSCI EAFE Index | 16 | 12/19/2025 | 2255120 | (2076) |
| MSCI Emerging Markets Index | 77 | 12/19/2025 | 5303760 | (9382) |
| Nikkei 225 Index | 6 | 12/11/2025 | 1507350 | 74023 |
|  |  |  |  | 146696 |
| **Description** | **Contracts<br> Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| E-Mini S&P 500 Real Estate Select Sector Index | (48) | 12/19/2025 | (2445000) | 9237 |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $155933 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust I

- **b. Investment Company Act file number:** 811-23377

- **c. CIK number of Registrant:** 0001742912

- **d. LEI of Registrant:** 549300VTYHP8U2332C46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Unlimited Hfeq Equity Long/short ETF

- **b. EDGAR series identifier (if any):** S000082853

- **c. LEI of Series:** 5299004BDUGMLU1U5846

**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:** $20113126.05

**Total Liabilities:** $17162.12

**Net Assets:** $20095963.93

**Cash Not Reported:** $2629090.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246176 | 7.70%                | 4.41%                | -1.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5363.91                 | $318548.75                                 |
| Month 2  | $46463.16                | $-75597.18                                 |
| Month 3  | $5101.80                 | $51955.42                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli  | First American Government Obligations Fund                 | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4883935 | NS      | $4883935.48   | 24.30%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI China ETF          | iShares MSCI China ETF                                     | CUSIP: 46429B671<br>LEI: N/A                  | Long             | EC               | RF                | US        |     15967 | NS      | $993147.40    | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | Emini S&P ReEstateDec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -57 | NC      | $13906.12     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | EURO STOXX 50     Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        34 | NC      | $25237.81     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | MSCI EAFE         Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        20 | NC      | $4015.59      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | MSCI EmgMkt       Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        93 | NC      | $15282.28     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | NASDAQ 100 E-MINI Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $157428.90    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | NIKKEI 225  (CME) Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $99144.06     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | S&P500 EMINI FUT  Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $5101.55      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                             | XAF Financial     Dec25                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $-37460.42    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Consumer Discreti  | State Street Consumer Discretionary Select Sector SPDR ETF | CUSIP: 81369Y407<br>LEI: 549300CD2I087Y919K79 | Long             | EC               | RF                | US        |      1530 | NS      | $361783.80    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Energy Select Sec  | State Street Energy Select Sector SPDR ETF                 | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |      3221 | NS      | $291339.45    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Industrial Select  | State Street Industrial Select Sector SPDR ETF             | CUSIP: 81369Y704<br>LEI: 549300HQI51T8KP6U325 | Long             | EC               | RF                | US        |      8192 | NS      | $1259028.48   | 6.27%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Homebuil  | State Street SPDR S&P Homebuilders ETF                     | CUSIP: 78464A888<br>LEI: 549300MSE80LL1UJS132 | Long             | EC               | RF                | US        |      9493 | NS      | $1033597.84   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Retail E  | State Street SPDR S&P Retail ETF                           | CUSIP: 78464A714<br>LEI: 549300HHG63HQV071458 | Long             | EC               | RF                | US        |      7812 | NS      | $658942.20    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Utilities Select   | State Street Utilities Select Sector SPDR ETF              | CUSIP: 81369Y886<br>LEI: 549300ERQDM80PRYUH21 | Long             | EC               | RF                | US        |     12154 | NS      | $1101517.02   | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF            | Vanguard Mid-Cap ETF                                       | CUSIP: 922908629<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4025 | NS      | $1175903.75   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Russell 2000 ETF       | Vanguard Russell 2000 ETF                                  | CUSIP: 92206C664<br>LEI: N/A                  | Long             | EC               | RF                | US        |     12465 | NS      | $1253729.70   | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard US Momentum Factor ETF | Vanguard US Momentum Factor ETF                            | CUSIP: 921935508<br>LEI: N/A                  | Long             | EC               | RF                | US        |     14033 | NS      | $2698545.90   | 13.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Value ETF              | Vanguard Value ETF                                         | CUSIP: 922908744<br>LEI: N/A                  | Long             | EC               | RF                | US        |      8598 | NS      | $1637747.04   | 8.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer