# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-25-002462
**Filing Date:** 2025-7
**Character Count:** 21960
**Document Hash:** 8c8d888985c1b457006d6916c95d6de8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002462.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0002000324-25-002462

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 251158084

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### Clockwise Core Equity & Innovation ETF (Series ID: S000085026)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000249889 | Clockwise Core Equity & Innovation ETF | TIME            |

## Nport-Ex

---

| |
|:---|
| **Clockwise Core Equity & Innovation ETF** |
| **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.0%** | **Shares** | **Value** |
| **Aerospace - 3.1%** | **Aerospace - 3.1%** | |
| AeroVironment, Inc. <sup>(a)</sup> | 3763 | $669927 |
| **Agriculture - 3.2%** |  |  |
| Philip Morris International, Inc. | 3800 | 686242 |
| **Auto Manufacturers - 4.0%** |  |  |
| Tesla, Inc. <sup>(a)</sup> | 2500 | 866150 |
| **Communication Equipment - 2.0%** |  |  |
| Nokia Oyj - ADR | 82300 | 429606 |
| **Diversified Financial Services - 3.0%** |  |  |
| Visa, Inc. - Class A | 1752 | 639813 |
| **Electric - 6.3%** |  |  |
| Dominion Energy, Inc. | 7600 | 430692 |
| Duke Energy Corp. | 3939 | 463699 |
| The Southern Co. | 5209 | 468810 |
|  |  | 1363201 |
| **Healthcare - Services - 2.1%** |  |  |
| UnitedHealth Group, Inc. | 1500 | 452865 |
| **Home Furnishings - 2.8%** |  |  |
| SharkNinja, Inc. <sup>(a)</sup> | 6600 | 606738 |
| **Internet - 25.0% <sup>(b)</sup>** |  |  |
| Alphabet, Inc. - Class A | 6300 | 1081962 |
| Amazon.com, Inc. <sup>(a)</sup> | 5330 | 1092703 |
| Meta Platforms, Inc. - Class A | 1177 | 762096 |
| Netflix, Inc. <sup>(a)</sup> | 553 | 667598 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 10055 | 665138 |
| Spotify Technology SA <sup>(a)</sup> | 1653 | 1099477 |
|  |  | 5368974 |
| **Medical Equipment - 1.8%** |  |  |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 700 | 386638 |
| **Mining - 4.9%** |  |  |
| Newmont Corp. | 19967 | 1052660 |
| **Pipelines - 2.0%** |  |  |
| Cheniere Energy, Inc. | 1800 | 426582 |
| **Retail - 7.0%** |  |  |
| Costco Wholesale Corp. | 628 | 653233 |
| Dollar General Corp. | 6518 | 633876 |
| Walmart, Inc. | 2200 | 217184 |
|  |  | 1504293 |
| **Semiconductors - 9.7%** |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 5700 | 631161 |
| Broadcom, Inc. | 873 | 211327 |
| Lam Research Corp. | 7400 | 597846 |
| NVIDIA Corp. | 4798 | 648354 |
|  |  | 2088688 |
| **Software - 8.1%** |  |  |
| IREN Ltd. <sup>(a)</sup> | 24300 | 203877 |
| Microsoft Corp. | 973 | 447930 |

---

---

| | | |
|:---|:---|:---|
| Oracle Corp. | 2600 | 430378 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 5031 | 662985 |
|  |  | 1745170 |
| **Telecommunications - 1.0%** |  |  |
| Cisco Systems, Inc. | 3300 | 208032 |
| **TOTAL COMMON STOCKS (Cost $16,719,322)** |  | 18495579 |
| **EXCHANGE TRADED FUNDS - 7.1%** |  |  |
| ProShares Short QQQ | 23900 | 861834 |
| ProShares UltraPro Short QQQ | 27600 | 654948 |
| **TOTAL EXCHANGE TRADED FUNDS (Cost $1,531,302)** |  | 1516782 |
| **PREFERRED STOCKS - 6.0%** |  |  |
| **Software - 6.0%** |  |  |
| MicroStrategy, Inc. |  | $— |
| &nbsp;&nbsp;8.00%, Perpetual <sup>(a)</sup> | 6300 | 649908 |
| &nbsp;&nbsp;10.00%, Perpetual <sup>(a)</sup> | 6200 | 642258 |
| **TOTAL PREFERRED STOCKS (Cost $1,281,242)** |  | 1292166 |
| **SHORT-TERM INVESTMENTS - 2.9%** |  |  |
| **Money Market Funds - 2.9%** |  |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(c)</sup> | 625034 | 625034 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $625,034)** |  | 625034 |
| **TOTAL INVESTMENTS - 102.0% (Cost $20,156,900)** |  | 21929561 |
| Liabilities in Excess of Other Assets - (2.0)% |  | (421183) |
| **TOTAL NET ASSETS - 100.0%** |  | $21508378 |
| two |  | –% |
| Percentages are stated as a percent of net assets. |  | –% |

---

ADR - American Depositary Receipt <br>

(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.

(c) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

**Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)**

Clockwise Core Equity & Innovation ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $18495579 | $— | $— | $18495579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1516782 |  |  | 1516782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1292166 |  |  | 1292166 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 625034 |  |  | 625034 |
| Total Investments | $21929561 | $— | $— | $21929561 |

---

<br> Refer to the Schedule of Investments for further disaggregation of investment categories. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Clockwise Core Equity & Innovation ETF

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

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

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $21519692.15

**Total Liabilities:** $17426.35

**Net Assets:** $21502265.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249889 | -10.54%              | -0.02%               | 5.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2151448.91             | $-430987.83                                |
| Month 2  | $-611262.56              | $615102.26                                 |
| Month 3  | $928473.53               | $191243.35                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      5700 | NS      | $631161.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      3763 | NS      | $669926.89    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6300 | NS      | $1081962.00   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5330 | NS      | $1092703.30   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       873 | NS      | $211327.11    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3300 | NS      | $208032.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       428 | NS      | $445197.04    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      6518 | NS      | $633875.50    | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      3939 | NS      | $463699.08    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    625022 | NS      | $625022.36    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       700 | NS      | $386638.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd                       | IREN Ltd                                   | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |     24300 | NS      | $203877.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      7400 | NS      | $597846.00    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1177 | NS      | $762095.73    | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       973 | NS      | $447930.28    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC              | MicroStrategy Inc                          | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      4200 | NS      | $433272.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4200 | NS      | $435078.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       553 | NS      | $667598.19    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     19967 | NS      | $1052660.24   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                      | Nokia Oyj                                  | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     82300 | NS      | $429606.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4798 | NS      | $648353.74    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      2600 | NS      | $430378.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      3331 | NS      | $438959.18    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp         | Permian Resources Corp                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     16900 | NS      | $213109.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3800 | NS      | $686242.00    | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Short QQQ            | ProShares Short QQQ                        | CUSIP: 74349Y837<br>LEI: Q95Y09OLRIOMH8CB3M62 | Long             | EC               | RF                | US        |     23900 | NS      | $861834.00    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares UltraPro Short QQQ   | ProShares UltraPro Short QQQ               | CUSIP: 74347G192<br>LEI: KC8ZSAS0N653Z8PPTO65 | Long             | EC               | RF                | US        |     27600 | NS      | $654948.00    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     10055 | NS      | $665138.25    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                 | SharkNinja Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      6600 | NS      | $606738.00    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      5209 | NS      | $468810.00    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                      | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |      1653 | NS      | $1099476.42   | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      9600 | NS      | $384192.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2500 | NS      | $866150.00    | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1500 | NS      | $452865.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1752 | NS      | $639812.88    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      2200 | NS      | $217184.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      7400 | NS      | $641950.00    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial