# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-004073
**Filing Date:** 2025-10
**Character Count:** 18400
**Document Hash:** e7c00c14fabe810f5b71118b12dd6563
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004073.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002000324-25-004073

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**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:** 251428029

**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

### SP Funds S&P Global REIT Sharia ETF (Series ID: S000070461)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000223966 | SP Funds S&P Global REIT Sharia ETF | SPRE            |

## Nport-Ex

---

| |
|:---|
| **SP Funds S&P Global REIT Sharia ETF** |
| **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 99.6%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Servet Gayrimenkul Yatirim Ortakligi AS<sup>(a)</sup> | 596113 | $51426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ziraat Gayrimenkul Yatirim Ortakligi AS | 685359 | 385067 |
|  |  | 436493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate - 99.3%<sup>(b)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ahes Gayrimenkul Yatirim Ortakligi AS - REIT<sup>(a)</sup> | 149860 | 145526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arena REIT - REIT | 307415 | 814875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AvalonBay Communities, Inc. - REIT | 41712 | 8169295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avrupakent Gayrimenkul Yatirim Ortakligi AS - REIT | 54115 | 84493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Real Estate Investment Trust - REIT | 1231448 | 594593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWP Trust - REIT | 427701 | 993755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Camden Property Trust - REIT | 74484 | 8340718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charter Hall Group - REIT | 363501 | 5574278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citicore Energy REIT Corp. - REIT | 1994381 | 130178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EastGroup Properties, Inc. - REIT | 40301 | 6833438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. - REIT | 25908 | 20368611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties, Inc. - REIT | 130800 | 7885932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Residential - REIT | 124547 | 8235048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodman Group - REIT | 869425 | 19546528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IGB Real Estate Investment Trust - REIT | 1075897 | 687555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMPACT Growth Real Estate Investment Trust - REIT | 478520 | 146976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kizilbuk Gayrimenkul Yatirim Ortakligi AS - REIT<sup>(a)</sup> | 322779 | 106599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mid-America Apartment Communities, Inc. - REIT | 57019 | 8314511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MREIT, Inc. - REIT | 1049022 | 272788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ozak Gayrimenkul Yatirim Ortakligi - REIT<sup>(a)</sup> | 302121 | 100585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PotlatchDeltic Corp. - REIT | 54965 | 2310179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis, Inc. - REIT | 189416 | 21551752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rayonier, Inc. - REIT | 107744 | 2831512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RL Commercial REIT, Inc. - REIT | 4069925 | 572617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SITE Centers Corp. - REIT | 36273 | 445432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sun Communities, Inc. - REIT | 62264 | 7899434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terreno Realty Corp. - REIT | 79405 | 4587227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. - REIT | 118529 | 19946060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser Co. - REIT | 301770 | 7806790 |
|  |  | 165297285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $156,671,264)** |  | 165733778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.6% (Cost $156,671,264)** |  | 165733778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.4% |  | 669343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $166403121 |

---

Percentages are stated as a percent of net assets.

REIT Real Estate Investment Trust

(a) Non-income producing security.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

## 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:** SP Funds S&P Global Reit Sharia ETF

- **b. EDGAR series identifier (if any):** S000070461

- **c. LEI of Series:** 549300LFRV9YWDB14776

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $165002858.29

**Total Liabilities:** $71968.90

**Net Assets:** $164930889.39

**Cash Not Reported:** $509337.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223966 | -1.33%               | -0.25%               | 3.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-274015.74              | $-2527794.72                               |
| Month 2  | $-67551.23               | $-417830.06                                |
| Month 3  | $-994431.29              | $6003011.98                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ahes Gayrimenkul Yatirim Ortakligi AS      | Ahes Gayrimenkul Yatirim Ortakligi AS       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    148540 | NS      | $144244.43    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arena REIT                                 | Arena REIT                                  | CUSIP: N/A<br>LEI: 984500FEAC9A1C1FC967       | Long             | EC               | CORP              | AU        |    304703 | NS      | $807685.91    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                  | AvalonBay Communities Inc                   | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     41346 | NS      | $8097614.10   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Avrupakent Gayrimenkul Yatirim             | Avrupakent Gayrimenkul Yatirim Ortakligi AS | CUSIP: N/A<br>LEI: 7890000N3JENCFT3EA47       | Long             | EC               | CORP              | TR        |     53638 | NS      | $83748.27     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Real Estate Investment Trust          | Axis Real Estate Investment Trust           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1231448 | NS      | $594592.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BWP Property Group Ltd                     | BWP Property Group Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    423930 | NS      | $984993.26    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                      | Camden Property Trust                       | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     73827 | NS      | $8267147.46   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Group                         | Charter Hall Group                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    360294 | NS      | $5525099.10   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Citicore Energy REIT Corp                  | Citicore Energy REIT Corp                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |   1994381 | NS      | $130178.34    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                   | EastGroup Properties Inc                    | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     39947 | NS      | $6773413.32   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                | Equinix Inc                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     25680 | NS      | $20189359.20  | 12.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In             | Equity LifeStyle Properties Inc             | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    129648 | NS      | $7816477.92   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                         | Equity Residential                          | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    123449 | NS      | $8162447.88   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                              | Goodman Group                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    861754 | NS      | $19374067.27  | 11.75%            |  |  |  | No            |                  1 | On Loan: No      |
| IGB Real Estate Investment Trust           | IGB Real Estate Investment Trust            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1075897 | NS      | $687555.48    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPACT Growth Real Estate Investment Trust | IMPACT Growth Real Estate Investment Trust  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    474299 | NS      | $145679.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kizilbuk Gayrimenkul Yatirim O             | Kizilbuk Gayrimenkul Yatirim Ortakligi AS   | CUSIP: N/A<br>LEI: 789000RHU51T0G6SPL20       | Long             | EC               | CORP              | TR        |    319932 | NS      | $105659.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit             | Mid-America Apartment Communities Inc       | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     56518 | NS      | $8241454.76   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MREIT Inc                                  | MREIT Inc                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |   1049022 | NS      | $272787.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ozak Gayrimenkul Yatirim Ortakligi         | Ozak Gayrimenkul Yatirim Ortakligi          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    299457 | NS      | $99697.71     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                        | PotlatchDeltic Corp                         | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     54482 | NS      | $2289878.46   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                               | Prologis Inc                                | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    187745 | NS      | $21361626.10  | 12.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                               | Rayonier Inc                                | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    106796 | NS      | $2806598.88   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RL Commercial REIT Inc                     | RL Commercial REIT Inc                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |   4069925 | NS      | $572616.97    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Servet Gayrimenkul Yatirim Ortakligi AS    | Servet Gayrimenkul Yatirim Ortakligi AS     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    590854 | NS      | $50972.78     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                          | SITE Centers Corp                           | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     35955 | NS      | $441527.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                        | Sun Communities Inc                         | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     61715 | NS      | $7829782.05   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                        | Terreno Realty Corp                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78706 | NS      | $4546845.62   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                              | Welltower Inc                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    117485 | NS      | $19770375.80  | 11.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                            | Weyerhaeuser Co                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    299109 | NS      | $7737949.83   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziraat Gayrimenkul Yatirim Ortakligi AS    | Ziraat Gayrimenkul Yatirim Ortakligi AS     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |    679314 | NS      | $381670.47    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer