# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-23-002837
**Filing Date:** 2023-1
**Character Count:** 36242
**Document Hash:** 28866c1f8744942498a2e7f5cb9da4b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002837.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002837

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal ETF Trust
- **CENTRAL INDEX KEY:** 0001742912
- **IRS NUMBER:** 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:** 23555988

**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

## Series and Classes Contracts Data

### Noble Absolute Return ETF (Series ID: S000077396)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000237804 | Noble Absolute Return ETF | NOPE            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** |
| **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** |
|  | | **Shares** | **Value** |
| **Common Stocks - 12.1%** | | | |
| **Chemicals - 8.3%** | | | |
| Ecovyst, Inc. <sup>(1)(2)</sup> |  | 180000 | $1672200 |
| **Distribution & Wholesale - 0.2%** |  |  |  |
| A-Mark Precious Metals, Inc. |  | 1000 | 34500 |
| **Entertainment - 0.3%** |  |  |  |
| DraftKings, Inc. - Class A <sup>(1)</sup> |  | 3881 | 59457 |
| **Oil & Gas - 2.8%** |  |  |  |
| Antero Resources Corp. <sup>(1)(2)</sup> |  | 100 | 3655 |
| APA Corp. <sup>(2)</sup> |  | 100 | 4685 |
| Marathon Oil Corp. <sup>(2)</sup> |  | 100 | 3063 |
| Northern Oil and Gas, Inc. <sup>(2)</sup> |  | 15000 | 545850 |
|  |  |  | 557253 |
| **Retail - 0.5%** |  |  |  |
| The Container Store Group, Inc. <sup>(1)(2)</sup> |  | 20000 | 95000 |
| **Total Common Stocks** |  |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $2,279,534) |  |  | 2418410 |
| **Exchange Traded Funds - 94.5%** |  |  |  |
| Direxion Daily 20 Year Plus Treasury Bull 3x Shares |  | 200000 | 1690000 |
| Invesco QQQ Trust Series 1 |  | 6000 | 1760160 |
| iShares 20+ Year Treasury Bond ETF <sup>(2)</sup> |  | 150000 | 15409500 |
| iShares Russell 1000 Value ETF |  | 100 | 15899 |
| SPDR S&P Oil & Gas Exploration & Production ETF <sup>(2)</sup> |  | 100 | 15212 |
| VanEck Gold Miners ETF |  | 100 | 2905 |
| VanEck Oil Services ETF <sup>(2)</sup> |  | 100 | 30415 |
| **Total Exchange Traded Funds** |  |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $18,916,509) |  |  | 18924091 |
|  | **Notional Amount** | **Contracts <sup>(3)</sup>** |  |
| **Options Purchased - 0.7%** |  |  |  |
| **Put Options - 0.7%** |  |  |  |
| **Internet - 0.7%** |  |  |  |
| Robinhood Markets, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 12/16/2022, Strike Price: $11.00 <sup>(4)</sup> | $959000 | 1000 | 152000 |
| **Total Options Purchased** |  |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $147,339) |  |  | 152000 |
|  |  | **Shares** |  |
| **Short-Term Invesments - 20.6%** |  |  |  |
| **Money Market Funds - 20.6%** |  |  |  |
| Federated Hermes Treasury Obligations Fund, Service Shares, 3.410% <sup>(2)(5)</sup> |  | 3000000 | 3000000 |
| First American Government Obligations Fund, Class X, 3.668% <sup>(5)</sup> |  | 1116793 | 1116793 |
|  |  |  | 4116793 |
| **Total Short-Term Investments** |  |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $4,116,793) |  |  | 4116793 |
| **Total Investments in Securities - 127.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $25,460,175) |  |  | 25611294 |
| Liabilites in Excess of Other Assets - (27.9)% |  |  | (5587462) |
| **Total Net Assets - 100.0%** |  |  | $20023832 |

---

 <sup>(1)</sup> Non income producing security.

 <sup>(2)</sup> All or a portion of the shares of this security have been committed as collateral for securities sold short.

 <sup>(3)</sup> 100 shares per contract.

 <sup>(4)</sup> Held in connection with a written option contract. See the Options Written for further information.

 <sup>(5)</sup> The rate shown is the annualized seven-day effective yield as of November 30, 2022.

------

---

| | | | |
|:---|:---|:---|:---|
| **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** |
| **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** |
|  |  | **Shares** | **Value** |
| **Common Stocks <sup>(1)</sup> - 138.2%** | **Common Stocks <sup>(1)</sup> - 138.2%** |  | |
| **Auto Manufacturers - 15.6%** | **Auto Manufacturers - 15.6%** |  | |
| Lucid Group, Inc. | Lucid Group, Inc. | 20100 | $203814 |
| Rivian Automotive, Inc. - Class A | Rivian Automotive, Inc. - Class A | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3204 |
| Tesla, Inc. | Tesla, Inc. | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2920500 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127518 |
| **Banks - 5.8%** | **Banks - 5.8%** |  |  |
| SVB Financial Group | SVB Financial Group | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158900 |
| **Building Materials - 2.9%** | **Building Materials - 2.9%** |  |  |
| Trex Co., Inc. | Trex Co., Inc. | 12460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571789 |
| **Commercial Services - 6.3%** | **Commercial Services - 6.3%** |  |  |
| Affirm Holdings, Inc. - Class A | Affirm Holdings, Inc. - Class A | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044000 |
| Avis Budget Group, Inc. | Avis Budget Group, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22360 |
| Toast, Inc. - Class A | Toast, Inc. - Class A | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183600 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1249960 |
| **Distribution & Wholesale - 2.5%** | **Distribution & Wholesale - 2.5%** |  |  |
| Pool Corp. | Pool Corp. | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494115 |
| **Diversified Financials Services - 20.9%** | **Diversified Financials Services - 20.9%** |  |  |
| Coinbase Global, Inc. - Class A | Coinbase Global, Inc. - Class A | 91615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4189554 |
| **Energy - Alternate Sources - 9.8%** | **Energy - Alternate Sources - 9.8%** |  |  |
| Plug Power, Inc. | Plug Power, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1596 |
| Sunrun, Inc. | Sunrun, Inc. | 60100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1958058 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1959654 |
| **Entertainment - 15.3%** | **Entertainment - 15.3%** |  |  |
| DraftKings, Inc. - Class A | DraftKings, Inc. - Class A | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3064000 |
| **Food - 0.0% <sup>(2)</sup>** | **Food - 0.0% <sup>(2)</sup>** |  |  |
| Beyond Meat, Inc. | Beyond Meat, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1459 |
| **Healthcare - Products - 0.1%** | **Healthcare - Products - 0.1%** |  |  |
| Align Technology, Inc. | Align Technology, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19666 |
| Novocure Ltd. | Novocure Ltd. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7684 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27350 |
| **Household Products & Wares - 0.1%** | **Household Products & Wares - 0.1%** |  |  |
| Helen of Troy Ltd. | Helen of Troy Ltd. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9854 |
| **Internet - 42.1%** | **Internet - 42.1%** |  |  |
| DoorDash, Inc. - Class A | DoorDash, Inc. - Class A | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5825 |
| Robinhood Markets, Inc. - Class A | Robinhood Markets, Inc. - Class A | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918000 |
| Roku, Inc. - Class A | Roku, Inc. - Class A | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5937000 |
| Zillow Group, Inc. - Class C | Zillow Group, Inc. - Class C | 15100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573498 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8434323 |
| **Leisure Time - 2.8%** | **Leisure Time - 2.8%** |  |  |
| Peloton Interactive, Inc. - Class A | Peloton Interactive, Inc. - Class A | 50100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570138 |
| **Real Estate Investment Trusts (REITs) - 0.4%** | **Real Estate Investment Trusts (REITs) - 0.4%** |  |  |
| Digital Realty Trust, Inc. | Digital Realty Trust, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11246 |
| Equinix, Inc. | Equinix, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69065 |
| Medical Properties Trust, Inc. | Medical Properties Trust, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1312 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81623 |
| **Retail - 12.4%** | **Retail - 12.4%** |  |  |
| Carvana Co. - Class A | Carvana Co. - Class A | 30100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232071 |
| Floor & Decor Holdings, Inc. | Floor & Decor Holdings, Inc. | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119450 |
| Freshpet, Inc. | Freshpet, Inc. | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6702 |
| Portillo's, Inc. - Class A | Portillo's, Inc. - Class A | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403800 |
| Warby Parker, Inc. - Class A | Warby Parker, Inc. - Class A | 42500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723775 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2485798 |
| **Software - 1.2%** | **Software - 1.2%** |  |  |
| ROBLOX Corp. - Class A | ROBLOX Corp. - Class A | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3177 |
| Twilio, Inc. - Class A | Twilio, Inc. - Class A | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245100 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248277 |
| **Total Common Stock** | **Total Common Stock** |  |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $28,250,231) | &nbsp;&nbsp;&nbsp; (Proceeds $28,250,231) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27674312 |
| **Exchange Traded Funds <sup>(1)</sup> - 46.8%** | **Exchange Traded Funds <sup>(1)</sup> - 46.8%** |  |  |
| ARK Innovation ETF | ARK Innovation ETF | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9370000 |
| ProShares UltraPro QQQ | ProShares UltraPro QQQ | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356 |
| **Total Exchange Traded Funds** | **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $9,641,265) | &nbsp;&nbsp;&nbsp; (Proceeds $9,641,265) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9372356 |
| **Total Securities Sold Short - 185.0%** | **Total Securities Sold Short - 185.0%** |  |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $37,940,616) | &nbsp;&nbsp;&nbsp; (Proceeds $37,940,616) |  | $37046668 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |  |
| <sup>(1)</sup> | Non-income producing security. |  |  |
| <sup>(2)</sup> | Does not round to 0.1% or (0.1)%, as applicable. |  |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** | **Noble Absolute Return ETF** |
| **SCHEDULE OF OPTIONS WRITTEN at November 30, 2022 (Unaudited)** | **SCHEDULE OF OPTIONS WRITTEN at November 30, 2022 (Unaudited)** | **SCHEDULE OF OPTIONS WRITTEN at November 30, 2022 (Unaudited)** | **SCHEDULE OF OPTIONS WRITTEN at November 30, 2022 (Unaudited)** |
|  | **Contracts <sup>(1)</sup>** | **Notional Amount** | **Value** |
| **Options Written - 0.2%** | **Options Written - 0.2%** | | |
| **Put Options - 0.2%** | **Put Options - 0.2%** | | |
| **Internet - 0.2%** | **Internet - 0.2%** | | |
| Robinhood Markets, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 12/16/2022, Strike Price: $9.00 | 1000 | $959000 | $32000 |
| **Total Put Options Written** |  |  |  |
| (Premium $49,120) |  |  | $32000 |
| Percentages are stated as a percent of net assets. |  |  |  |
| <sup>(1)</sup> 100 shares per contract. |  |  |  |

---

------

---

| |
|:---|
| **Summary of Fair Value Exposure at November 30, 2022 (Unaudited)** |
| The Noble Absolute Return ETF (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • 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 spreads, credit risk, yield curves, default rates and similar data.<br> • 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 would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments, securities sold short and options written as of November 30, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks <sup>(1)</sup> | $2418410 | $– | $– | $2418410 |
| Exchange Traded Funds | 18924091 | – | – | 18924091 |
| Options Purchased | 152000 | – | – | 152000 |
| Short-Term Investments | 4116793 | – | – | 4116793 |
| Total Investments in Securities | $25611294 | $– | $– | $25611294 |
| **Securities Sold Short** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks <sup>(1)</sup> | $27674312 | $– | $– | $27674312 |
| Exchange Traded Funds | 9372356 | – | – | 9372356 |
| Total Securities Sold Short | $37046668 | $– | $– | $37046668 |
| **Options Written** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Options Written <sup>(1)</sup> | $32000 | – | $– | $32000 |
| Total Options Written | $32000 | $– | $– | $32000 |
| &nbsp;&nbsp;&nbsp; <sup>(1)</sup> See applicable Schedule of Investments, Schedule of Securities Sold Short, or Schedule of Options Written for the industry breakout. | &nbsp;&nbsp;&nbsp; <sup>(1)</sup> See applicable Schedule of Investments, Schedule of Securities Sold Short, or Schedule of Options Written for the industry breakout. | &nbsp;&nbsp;&nbsp; <sup>(1)</sup> See applicable Schedule of Investments, Schedule of Securities Sold Short, or Schedule of Options Written for the industry breakout. | &nbsp;&nbsp;&nbsp; <sup>(1)</sup> See applicable Schedule of Investments, Schedule of Securities Sold Short, or Schedule of Options Written for the industry breakout. |  |

---

## 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 ETF Trust

- **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:** 844-986-7676

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

- **a. Name of Series:** Noble Absolute Return ETF

- **b. EDGAR series identifier (if any):** S000077396

- **c. LEI of Series:** 549300OP4VKGWFHNPZ98

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $72722258.22

**Total Liabilities:** $50651477.71

**Net Assets:** $22070780.51

**Cash Not Reported:** $32830477.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237804 | 0.16%                | -20.71%              | 6.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $767.40                                    |
| Month 2  | $-1712386.69             | $-1612823.84                               |
| Month 3  | $-1619916.91             | $2693559.72                                |

**Designated Index Information**

- **Index Name:** NASDAQ-100 Total Return Index

- **Index Identifier:** XNDX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A-Mark Precious Metals Inc     | A-Mark Precious Metals Inc                          | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      1000 | NS      | $34500.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ARK Innovation ETF             | ARK Innovation ETF                                  | CUSIP: 00214Q104<br>LEI: 254900636IK9WKHH6949 | Short            | EC               | RF                | US        |   -200000 | NS      | $-7496000.00  | -33.96%           |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc            | Affirm Holdings Inc                                 | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -75000 | NS      | $-1044000.00  | -4.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc                                | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Short            | EC               | CORP              | US        |     -2600 | NS      | $-511316.00   | -2.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp          | Antero Resources Corp                               | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     10000 | NS      | $365500.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                            | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     10000 | NS      | $468500.00    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc          | Avis Budget Group Inc                               | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Short            | EC               | CORP              | US        |      -100 | NS      | $-22360.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Beyond Meat Inc                | Beyond Meat Inc                                     | CUSIP: 08862E109<br>LEI: 549300XQ946NCE51DR09 | Short            | EC               | CORP              | US        |      -100 | NS      | $-1459.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                     | Carvana Co                                          | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |    -30100 | NS      | $-232071.00   | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                      | Chewy Inc                                           | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Short            | EC               | CORP              | US        |      -100 | NS      | $-4313.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                                 | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |   -100000 | NS      | $-4573000.00  | -20.72%           |  |  |  | No            |                  1 | On Loan: No      |
| Container Store Group Inc/The  | Container Store Group Inc/The                       | CUSIP: 210751103<br>LEI: 529900L7KB2N9KXCDI76 | Long             | EC               | CORP              | US        |     20000 | NS      | $95000.00     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               | CORP              | US        |      -100 | NS      | $-11246.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily 20 Year Plus Tr | Direxion Daily 20 Year Plus Treasury Bull 3x Shares | CUSIP: 25459W540<br>LEI: HIB1RJORN6PDA2VE6Q12 | Long             | EC               | RF                | US        |    100000 | NS      | $845000.00    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                                        | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |    -13000 | NS      | $-757250.00   | -3.43%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                 | DraftKings Inc                                      | CUSIP: 26142V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -200000 | NS      | $-3064000.00  | -13.88%           |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                    | Ecovyst Inc                                         | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180000 | NS      | $1672200.00   | 7.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Short            | EC               | CORP              | US        |      -100 | NS      | $-69065.00    | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1116793 | NS      | $1116793.45   | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings Inc                          | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1119450.00  | -5.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                   | Freshpet Inc                                        | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Short            | EC               | CORP              | US        |      -100 | NS      | $-6702.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond | iShares 20+ Year Treasury Bond ETF                  | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |    100000 | NS      | $10273000.00  | 46.55%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 1000 Value ETF | iShares Russell 1000 Value ETF                      | CUSIP: 464287598<br>LEI: 549300KLSYN5NN4YNM90 | Long             | EC               | RF                | US        |       100 | NS      | $15899.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                | Lucid Group Inc                                     | CUSIP: 549498103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20100 | NS      | $-203814.00   | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp              | Marathon Oil Corp                                   | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     12500 | NS      | $382875.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc   | Medical Properties Trust Inc                        | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-524800.00   | -2.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc       | Northern Oil and Gas Inc                            | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     15000 | NS      | $545850.00    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc        | Peloton Interactive Inc                             | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Short            | EC               | CORP              | US        |   -100100 | NS      | $-1139138.00  | -5.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                                      | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-478800.00   | -2.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                                           | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-494115.00   | -2.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Portillo's Inc                 | Portillo's Inc                                      | CUSIP: 73642K106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20000 | NS      | $-403800.00   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraPro Short QQQ   | ProShares UltraPro Short QQQ                        | CUSIP: 74347G432<br>LEI: KC8ZSAS0N653Z8PPTO65 | Long             | EC               | RF                | US        |     15000 | NS      | $620700.00    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraPro QQQ         | ProShares UltraPro QQQ                              | CUSIP: 74347X831<br>LEI: 03026FQTQRJ0JSTBI779 | Short            | EC               | RF                | US        |      -100 | NS      | $-2356.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc          | Rivian Automotive Inc                               | CUSIP: 76954A103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -100 | NS      | $-3204.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                               | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Short            | EC               | CORP              | US        |   -200000 | NS      | $-1918000.00  | -8.69%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Oil & Gas Exploration | SPDR S&P Oil & Gas Exploration & Production ETF     | CUSIP: 78468R556<br>LEI: 5493001H1FSSB667C124 | Long             | EC               | RF                | US        |       100 | NS      | $15212.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group            | SVB Financial Group                                 | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-1158900.00  | -5.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                                          | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Short            | EC               | CORP              | US        |    -60100 | NS      | $-1958058.00  | -8.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                           | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-3894000.00  | -17.64%           |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                                           | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-183600.00   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                         | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12460 | NS      | $-571789.40   | -2.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                     | Twilio Inc                                          | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-245100.00   | -1.11%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Oil Services ETF        | VanEck Oil Services ETF                             | CUSIP: 92189H607<br>LEI: 549300WSDUDKDJCJOV22 | Long             | EC               | RF                | US        |       100 | NS      | $30415.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc               | Warby Parker Inc                                    | CUSIP: 93403J106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -42500 | NS      | $-723775.00   | -3.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc               | Zillow Group Inc                                    | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Short            | EC               | CORP              | US        |    -15100 | NS      | $-573498.00   | -2.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                   | Novocure Ltd                                        | CUSIP: N/A<br>LEI: 213800YPP55UMHWA4826       | Short            | EC               | CORP              | JE        |      -100 | NS      | $-7684.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1000 | NC      | $-32000.00    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1000 | NC      | $152000.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPDR S&P Oil & Gas Exploration & Production ETF     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       500 | NC      | $125000.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPDR S&P Oil & Gas Exploration & Production ETF     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -500 | NC      | $-15500.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer