# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-000239
**Filing Date:** 2026-1
**Character Count:** 33019
**Document Hash:** 7f194a5dd5227e30d19e1aa1c2467be7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000239.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002000324-26-000239

**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:** 26571340

**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

### Leatherback Long/Short Alternative Yield ETF (Series ID: S000069694)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000222268 | Leatherback Long/Short Alternative Yield ETF | LBAY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Leatherback Long/Short Alternative Yield ETF** | **Leatherback Long/Short Alternative Yield ETF** | **Leatherback Long/Short Alternative Yield 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;**COMMON STOCKS - 115.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary Services - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vail Resorts, Inc. | 8998 | $1261610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staple Products - 11.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | 18308 | 1080355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keurig Dr Pepper, Inc. | 25768 | 718927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lamb Weston Holdings, Inc. | 14694 | 867828 |
|  |  | 2667110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 17.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Payments, Inc. | 13892 | 1052458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI, Inc. - Class A | 1365 | 769478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings, Inc. | 12315 | 772027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SLM Corp. | 21399 | 626991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | 2717 | 908673 |
|  |  | 4129627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care - 10.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | 4313 | 836808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corp. | 10154 | 815975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viatris, Inc. | 74756 | 799142 |
|  |  | 2451925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International, Inc. | 4442 | 853708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L3Harris Technologies, Inc. | 2570 | 716233 |
|  |  | 1569941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Services - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corp. | 3269 | 757852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Insurance - 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Republic International Corp. | 25858 | 1192054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Materials - 18.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alamos Gold, Inc. | 25175 | 944063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amrize Ltd. <sup>(a)</sup> | 21298 | 1097060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hecla Mining Co. | 57093 | 960304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmont Corp. | 14593 | 1324023 |
|  |  | 4325450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Media - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast Corp. - Class A | 25542 | 681716 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas - 11.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 8670 | $1005026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 6760 | 925850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Range Resources Corp. | 19394 | 765869 |
|  |  | 2696745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millrose Properties, Inc. - Class A - REIT | 22288 | 678892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Discretionary - 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eBay, Inc. | 11625 | 962434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Staples - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bunge Global SA | 10224 | 982220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 13.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avista Corp. | 30483 | 1261387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essential Utilities, Inc. | 25026 | 990779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PG&E Corp. | 63844 | 1029165 |
|  |  | 3281331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $25,843,463)** |  | 27638907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**PREFERRED STOCKS - 8.9%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGNC Investment Corp., - REIT, Series F, 9.28% (3 mo. Term SOFR + 4.96%), Perpetual | 45327 | 1125016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EPR Properties – REIT, Series C, 5.75%, Perpetual | 42140 | 992397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL PREFERRED STOCKS (Cost $2,104,230)** |  | 2117413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 0.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.92%<sup>(b)</sup> | 48561 | 48561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $48,561)** |  | 48561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 124.8% (Cost $27,996,254)** |  | $29804881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities in Excess of Other Assets - (24.8)% |  | (5919171) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $23885710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

REIT Real Estate Investment Trust <br> SOFR Secured Overnight Financing Rate

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

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

---

| | | |
|:---|:---|:---|
| **Leatherback Long/Short Alternative Yield ETF** | **Leatherback Long/Short Alternative Yield ETF** | **Leatherback Long/Short Alternative Yield ETF** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - (35.9)%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary Products - (2.5)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry, Inc. | (3139) | $(343030) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla, Inc. | (584) | (251219) |
|  |  | (594249) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - (8.2)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affirm Holdings, Inc. - Class A | (6028) | (427687) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackrock, Inc. | (318) | (333041) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone, Inc. | (2616) | (383035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coinbase Global, Inc. - Class A | (1079) | (294373) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robinhood Markets, Inc. - Class A | (4060) | (521669) |
|  |  | (1959805) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - (1.5)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Aerospace | (1204) | (359334) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Services - (1.6)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. | (6008) | (385113) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Media - (4.7)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLovin Corp. - Class A | (712) | (426830) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash, Inc. - Class A | (1778) | (352702) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roblox Corp. - Class A | (3604) | (342488) |
|  |  | (1122020) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Discretionary - (2.1)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carvana Co. - Class A | (1325) | (496212) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Staples - (3.1)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five Below, Inc. | (2459) | (405465) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ollie's Bargain Outlet Holdings, Inc. | (2730) | (336090) |
|  |  | (741555) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software & Tech Services - (4.1)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoreWeave, Inc. - Class A | (3592) | (262647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IonQ, Inc. | (7016) | (345889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Inc. - Class A | (2231) | (375812) |
|  |  | (984348) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tech Hardware & Semiconductors - (7.0)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credo Technology Group Holding Ltd. | (2739) | (486446) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | (1937) | (342849) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rigetti Computing, Inc. | (16579) | (423925) |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Digital Corp. | (2494) | $(407345) |
|  |  | (1660565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - (1.1)%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oklo, Inc. - Class A | (2851) | (260524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Proceeds $7,819,393)** |  | (8563725) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SECURITIES SOLD SHORT - (35.9)% (Proceeds $7,819,393)** |  | $(8563725) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

## 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:** Leatherback Long/short Alternative Yield ETF

- **b. EDGAR series identifier (if any):** S000069694

- **c. LEI of Series:** 5493006GMEXHHEH8EZ63

**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:** $33887806.32

**Total Liabilities:** $10002147.49

**Net Assets:** $23885658.83

**Cash Not Reported:** $2576094.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222268 | -2.60%               | -4.66%               | 3.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-660547.79              | $-121682.41                                |
| Month 2  | $555770.84               | $-1713608.25                               |
| Month 3  | $-40319.79               | $863630.63                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affirm Holdings Inc                       | Affirm Holdings Inc                        | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6028 | NS      | $-427686.60   | -1.79%            |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                       | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     45327 | NS      | $1125016.14   | 4.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                            | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     25175 | NS      | $944062.50    | 3.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group Inc                          | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     18308 | NS      | $1080355.08   | 4.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Amrize Ltd                                | Amrize Ltd                                 | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     21298 | NS      | $1097059.98   | 4.59%             |  |  |  | No            | 1                  | On Loan: No      |
| AppLovin Corp                             | AppLovin Corp                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Short            | EC               | CORP              | US        |      -712 | NS      | $-426829.76   | -1.79%            |  |  |  | No            | 1                  | On Loan: No      |
| Avista Corp                               | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     30483 | NS      | $1261386.54   | 5.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Becton Dickinson & Co                     | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      4313 | NS      | $836808.26    | 3.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Blackrock Inc                             | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Short            | EC               | CORP              | US        |      -318 | NS      | $-333041.40   | -1.39%            |  |  |  | No            | 1                  | On Loan: No      |
| Blackstone Inc                            | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |     -2616 | NS      | $-383034.72   | -1.60%            |  |  |  | No            | 1                  | On Loan: No      |
| Bunge Global SA                           | Bunge Global SA                            | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |     10224 | NS      | $982219.68    | 4.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Carvana Co                                | Carvana Co                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |     -1325 | NS      | $-496212.50   | -2.08%            |  |  |  | No            | 1                  | On Loan: No      |
| Coinbase Global Inc                       | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -1079 | NS      | $-294372.78   | -1.23%            |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corp                              | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     25542 | NS      | $681715.98    | 2.85%             |  |  |  | No            | 1                  | On Loan: No      |
| CoreWeave Inc                             | CoreWeave Inc                              | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Short            | EC               | CORP              | US        |     -3592 | NS      | $-262647.04   | -1.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding            | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | US        |     -2739 | NS      | $-486446.40   | -2.04%            |  |  |  | No            | 1                  | On Loan: No      |
| CVS Health Corp                           | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     10154 | NS      | $815975.44    | 3.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Air Lines Inc                       | Delta Air Lines Inc                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Short            | EC               | CORP              | US        |     -6008 | NS      | $-385112.80   | -1.61%            |  |  |  | No            | 1                  | On Loan: No      |
| DoorDash Inc                              | DoorDash Inc                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |     -1778 | NS      | $-352701.86   | -1.48%            |  |  |  | No            | 1                  | On Loan: No      |
| eBay Inc                                  | eBay Inc                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     11625 | NS      | $962433.75    | 4.03%             |  |  |  | No            | 1                  | On Loan: No      |
| EPR Properties                            | EPR Properties                             | CUSIP: 26884U208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42140 | NS      | $992397.00    | 4.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Essential Utilities Inc                   | Essential Utilities Inc                    | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     25026 | NS      | $990779.34    | 4.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp                          | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8670 | NS      | $1005026.40   | 4.21%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     48561 | NS      | $48561.09     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Five Below Inc                            | Five Below Inc                             | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Short            | EC               | CORP              | US        |     -2459 | NS      | $-405464.51   | -1.70%            |  |  |  | No            | 1                  | On Loan: No      |
| GE Aerospace                              | GE Aerospace                               | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Short            | EC               | CORP              | US        |     -1204 | NS      | $-359333.80   | -1.50%            |  |  |  | No            | 1                  | On Loan: No      |
| Global Payments Inc                       | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     13892 | NS      | $1052457.92   | 4.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Hecla Mining Co                           | Hecla Mining Co                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     57093 | NS      | $960304.26    | 4.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Honeywell International Inc               | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4442 | NS      | $853707.98    | 3.57%             |  |  |  | No            | 1                  | On Loan: No      |
| IonQ Inc                                  | IonQ Inc                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Short            | EC               | CORP              | US        |     -7016 | NS      | $-345888.80   | -1.45%            |  |  |  | No            | 1                  | On Loan: No      |
| Keurig Dr Pepper Inc                      | Keurig Dr Pepper Inc                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     25768 | NS      | $718927.20    | 3.01%             |  |  |  | No            | 1                  | On Loan: No      |
| L3Harris Technologies Inc                 | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      2570 | NS      | $716233.30    | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Lamb Weston Holdings Inc                  | Lamb Weston Holdings Inc                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     14694 | NS      | $867827.64    | 3.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Millrose Properties Inc                   | Millrose Properties Inc                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22288 | NS      | $678892.48    | 2.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   1415994 | NS      | $1415993.75   | 5.93%             |  |  |  | No            | N/A                | On Loan: No      |
| MSCI Inc                                  | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1365 | NS      | $769477.80    | 3.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmont Corp                              | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     14593 | NS      | $1324022.89   | 5.54%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |     -1937 | NS      | $-342849.00   | -1.44%            |  |  |  | No            | 1                  | On Loan: No      |
| Oklo Inc                                  | Oklo Inc                                   | CUSIP: 02156V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2851 | NS      | $-260524.38   | -1.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Old Republic International Cor            | Old Republic International Corp            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     25858 | NS      | $1192053.80   | 4.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Ollie's Bargain Outlet Holding            | Ollie's Bargain Outlet Holdings Inc        | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Short            | EC               | CORP              | US        |     -2730 | NS      | $-336090.30   | -1.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc                 | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |     -2231 | NS      | $-375811.95   | -1.57%            |  |  |  | No            | 1                  | On Loan: No      |
| PayPal Holdings Inc                       | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     12315 | NS      | $772027.35    | 3.23%             |  |  |  | No            | 1                  | On Loan: No      |
| PG&E Corp                                 | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     63844 | NS      | $1029165.28   | 4.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Phillips 66                               | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      6760 | NS      | $925849.60    | 3.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Range Resources Corp                      | Range Resources Corp                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     19394 | NS      | $765869.06    | 3.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Rigetti Computing Inc                     | Rigetti Computing Inc                      | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Short            | EC               | CORP              | US        |    -16579 | NS      | $-423925.03   | -1.77%            |  |  |  | No            | 1                  | On Loan: No      |
| Robinhood Markets Inc                     | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Short            | EC               | CORP              | US        |     -4060 | NS      | $-521669.40   | -2.18%            |  |  |  | No            | 1                  | On Loan: No      |
| ROBLOX Corp                               | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3604 | NS      | $-342488.12   | -1.43%            |  |  |  | No            | 1                  | On Loan: No      |
| SLM Corp                                  | SLM Corp                                   | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21399 | NS      | $626990.70    | 2.62%             |  |  |  | No            | 1                  | On Loan: —       |
| Tapestry Inc                              | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Short            | EC               | CORP              | US        |     -3139 | NS      | $-343029.92   | -1.44%            |  |  |  | No            | 1                  | On Loan: No      |
| Tesla Inc                                 | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |      -584 | NS      | $-251219.28   | -1.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3269 | NS      | $757852.27    | 3.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Vail Resorts Inc                          | Vail Resorts Inc                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      8998 | NS      | $1261609.58   | 5.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Viatris Inc                               | Viatris Inc                                | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     74756 | NS      | $799141.64    | 3.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                                  | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2717 | NS      | $908673.48    | 3.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Western Digital Corp                      | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Short            | EC               | CORP              | US        |     -2494 | NS      | $-407345.02   | -1.71%            |  |  |  | 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