# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-002162
**Filing Date:** 2025-6
**Character Count:** 27301
**Document Hash:** 28e4f3244dab35b68a0746554e6286cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002162.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0002000324-25-002162

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**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:** 251075656

**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

### Aztlan Global Stock Selection DM SMID ETF (Series ID: S000077259)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000237521 | Aztlan Global Stock Selection DM SMID ETF | AZTD            |

## Nport-Ex

---

| |
|:---|
| **Aztlan Global Stock Selection DM SMID ETF** |
| **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8%** | **Shares** | **Value** |
| **Auto Manufacturers - 3.9%** |  |  |
| Blue Bird Corp.<sup>(a)</sup> | 15804 | $551085 |
| Iveco Group NV | 34938 | 556220 |
|  |  | 1107305 |
| **Banks - 4.0%** |  |  |
| Banca Monte dei Paschi di Siena SpA | 64796 | 546240 |
| Fukuoka Financial Group, Inc. | 21853 | 573595 |
|  |  | 1119835 |
| **Building Materials - 4.1%** |  |  |
| Griffon Corp. | 8275 | 563610 |
| Sanwa Holdings Corp. | 17608 | 578457 |
|  |  | 1142067 |
| **Commercial Services - 5.9%** |  |  |
| Toast, Inc. - Class A<sup>(a)</sup> | 15480 | 550778 |
| TriNet Group, Inc. | 7198 | 563819 |
| Upbound Group, Inc. | 27315 | 543569 |
|  |  | 1658166 |
| **Computers - 2.1%** |  |  |
| Indra Sistemas SA | 18128 | 577409 |
| **Diversified Financial Services - 11.9%** |  |  |
| Enova International, Inc.<sup>(a)</sup> | 5628 | 516594 |
| Nordnet AB publ | 21181 | 557805 |
| OSB Group PLC | 89539 | 566892 |
| Swissquote Group Holding SA | 1113 | 572923 |
| Victory Capital Holdings, Inc. - Class A | 9746 | 558348 |
| Virtu Financial, Inc. - Class A | 14408 | 564073 |
|  |  | 3336635 |
| **Electronics - 6.0%** |  |  |
| Celestica, Inc.<sup>(a)</sup> | 6393 | 545624 |
| dormakaba Holding AG | 692 | 584421 |
| SCREEN Holdings Co. Ltd. | 8503 | 564165 |
|  |  | 1694210 |
| **Engineering & Construction - 8.0%** |  |  |
| ACS Actividades de Construccion y Servicios SA | 9026 | 565343 |
| Comfort Systems USA, Inc. | 1415 | 562533 |
| HOCHTIEF AG | 2912 | 549497 |
| Sterling Infrastructure, Inc.<sup>(a)</sup> | 3757 | 561409 |
|  |  | 2238782 |
| **Food - 4.0%** |  |  |
| Marks & Spencer Group PLC | 108548 | 564002 |
| Pilgrim's Pride Corp. | 10446 | 570143 |
|  |  | 1134145 |
| **Gas - 2.0%** |  |  |
| Centrica PLC | 263168 | 562950 |
| **Hand/Machine Tools - 2.0%** |  |  |
| Konecranes Oyj | 8594 | 574431 |
| **Healthcare-Services - 6.0%** |  |  |
| DaVita, Inc.<sup>(a)</sup> | 3967 | 561529 |
| Medpace Holdings, Inc.<sup>(a)</sup> | 1828 | 563737 |
| Oscar Health, Inc. - Class A<sup>(a)</sup> | 42393 | 551533 |
|  |  | 1676799 |

---

---

| | | |
|:---|:---|:---|
| **Insurance - 6.0%** |  |  |
| NMI Holdings, Inc.<sup>(a)</sup> | 15650 | 566060 |
| Palomar Holdings, Inc.<sup>(a)</sup> | 3778 | 547886 |
| Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> | 10558 | 560524 |
|  |  | 1674470 |
| **Leisure Time - 2.0%** |  |  |
| Round One Corp. | 90756 | 564998 |
| **Machinery-Diversified - 2.1%** |  |  |
| Wartsila OYJ Abp | 31267 | 577926 |
| **Media - 2.0%** |  |  |
| ITV PLC | 529655 | 566676 |
| **Mining - 1.9%** |  |  |
| Northern Star Resources Ltd. | 44328 | 544006 |
| **Oil & Gas - 1.9%** |  |  |
| Athabasca Oil Corp.<sup>(a)</sup> | 166057 | 545789 |
| **Pharmaceuticals - 2.0%** |  |  |
| Suzuken Co. Ltd. | 15763 | 571995 |
| **Retail - 12.0%** |  |  |
| Caleres, Inc. | 36341 | 553837 |
| Gap, Inc. | 25688 | 562567 |
| H2O Retailing Corp. | 41540 | 568176 |
| JB Hi-Fi Ltd. | 8570 | 568036 |
| Pandora AS | 3777 | 559291 |
| Skylark Holdings Co. Ltd. | 27158 | 564427 |
|  |  | 3376334 |
| **Software - 8.0%** |  |  |
| Alkami Technology, Inc.<sup>(a)</sup> | 21173 | 565107 |
| Clear Secure, Inc. - Class A | 22227 | 548562 |
| Pro Medicus Ltd. | 3924 | 575995 |
| TeamViewer SE<sup>(a)(b)</sup> | 37552 | 574998 |
|  |  | 2264662 |
| **Telecommunications - 2.0%** |  |  |
| Freenet AG | 13705 | 570821 |
| **TOTAL COMMON STOCKS** (Cost $26,756,172) |  | 28080411 |
| **SHORT-TERM INVESTMENTS - 0.5%** |  |  |
| **Money Market Funds - 0.5%** |  |  |
| First American Government Obligations Fund - Class X, 4.25%<sup>(c)</sup> | 144834 | 144834 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $144,834) |  | 144834 |
| **TOTAL INVESTMENTS - 100.3%** (Cost $26,901,006) |  | 28225245 |
| Liabilities in Excess of Other Assets - (0.3)% |  | (74987) |
| **TOTAL NET ASSETS - 100.0%** |  | $28150258 |
| Percentages are stated as a percent of net assets. |  |  |

---

PLC - Public Limited Company

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of April 30, 2025, the value of these securities total $574,998 or 2.0% of the Fund's net assets.

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

**Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)**

Aztlan Global Stock Selection DM SMID ETF 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 April 30, 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 | $28080411 | $— | $— | $28080411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 144834 |  |  | 144834 |
| Total Investments | $28225245 | $— | $— | $28225245 |

---

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

## 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:** Aztlan Global Stock Selection Sm Smid ETF

- **b. EDGAR series identifier (if any):** S000077259

- **c. LEI of Series:** 549300Q0UTZ1YUVEPN89

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $28192093.17

**Total Liabilities:** $24071.93

**Net Assets:** $28168021.24

**Cash Not Reported:** $1785.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237521 | -2.37%               | -2.21%               | 4.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $58633.16                | $-722970.84                                |
| Month 2  | $53012.48                | $-751072.52                                |
| Month 3  | $807.07                  | $1069953.13                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abercrombie & Fitch Co         | Abercrombie & Fitch Co                         | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      4737 | NS      | $328842.54    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS Actividades de Construccio | ACS Actividades de Construccion y Servicios SA | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     11155 | NS      | $698693.30    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc            | Affirm Holdings Inc                            | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9259 | NS      | $460727.84    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc          | Alkami Technology Inc                          | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     16173 | NS      | $431657.37    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Athabasca Oil Corp             | Athabasca Oil Corp                             | CUSIP: 04682R107<br>LEI: 549300STK2KBVO6WED71 | Long             | EC               | CORP              | CA        |    167722 | NS      | $551261.77    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien | Banca Monte dei Paschi di Siena SpA            | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |     87308 | NS      | $736019.24    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                 | Blue Bird Corp                                 | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     15873 | NS      | $553491.51    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                  | Celestica Inc                                  | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      4536 | NS      | $387134.61    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                   | Centrica PLC                                   | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    318194 | NS      | $680657.29    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc               | Clear Secure Inc                               | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23771 | NS      | $586668.28    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                        | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1294 | NS      | $514429.70    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmo Energy Holdings Co Ltd   | Cosmo Energy Holdings Co Ltd                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     12938 | NS      | $531071.16    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                      | Crocs Inc                                      | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      5512 | NS      | $531467.04    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                     | DaVita Inc                                     | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      3201 | NS      | $453101.55    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| dormakaba Holding AG           | dormakaba Holding AG                           | CUSIP: N/A<br>LEI: 529900QMU5ZH99KMQK13       | Long             | EC               | CORP              | CH        |       788 | NS      | $665496.81    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International Inc                        | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      5009 | NS      | $459776.11    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    144834 | NS      | $144833.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                     | Freenet AG                                     | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     18392 | NS      | $766037.15    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuoka Financial Group Inc    | Fukuoka Financial Group Inc                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     20547 | NS      | $539315.54    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                    | Gap Inc/The                                    | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     23493 | NS      | $514496.70    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                   | Griffon Corp                                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      7464 | NS      | $508373.04    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                    | HOCHTIEF AG                                    | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |      3946 | NS      | $744612.94    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises Inc                        | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      3269 | NS      | $452037.32    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                        | ITV PLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    616641 | NS      | $659742.53    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                 | Iveco Group NV                                 | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               | CORP              | IT        |     46053 | NS      | $733172.97    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hi-Fi Ltd                   | JB Hi-Fi Ltd                                   | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |      9011 | NS      | $597266.24    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Konecranes Oyj                 | Konecranes Oyj                                 | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |      9375 | NS      | $626634.08    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marks & Spencer Group PLC      | Marks & Spencer Group PLC                      | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |    135739 | NS      | $705283.65    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings Inc                           | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1620 | NS      | $499591.80    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Methanex Corp                  | Methanex Corp                                  | CUSIP: 59151K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10795 | NS      | $337612.39    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Gas Co Ltd              | Nippon Gas Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     40210 | NS      | $741533.97    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd    | Northern Star Resources Ltd                    | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |     52279 | NS      | $641583.25    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health Inc               | Oscar Health Inc                               | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33895 | NS      | $440973.95    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc           | Palomar Holdings Inc                           | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      5244 | NS      | $760484.88    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                    | Pandora A/S                                    | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      2935 | NS      | $434609.51    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp           | Pilgrim's Pride Corp                           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     12189 | NS      | $665275.62    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                | Pro Medicus Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      3257 | NS      | $478087.35    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Round One Corp                 | Round One Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     66153 | NS      | $411833.03    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp            | Sanwa Holdings Corp                            | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |     17839 | NS      | $586045.67    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The      | Scotts Miracle-Gro Co/The                      | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      7992 | NS      | $402636.96    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Gr | Skyward Specialty Insurance Group Inc          | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     12707 | NS      | $674614.63    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc                    | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      3968 | NS      | $592938.24    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Swissquote Group Holding SA    | Swissquote Group Holding SA                    | CUSIP: N/A<br>LEI: 549300O3WME82RDPEN66       | Long             | EC               | CORP              | CH        |      1296 | NS      | $667122.60    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TeamViewer SE                  | TeamViewer SE                                  | CUSIP: N/A<br>LEI: 3912000FZ0R0KEK9JS42       | Long             | EC               | CORP              | DE        |     48170 | NS      | $737580.88    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                                      | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     13819 | NS      | $491680.02    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc               | TriNet Group Inc                               | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      6080 | NS      | $476246.40    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group Inc                              | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     19176 | NS      | $381602.40    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc   | Victory Capital Holdings Inc                   | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      8574 | NS      | $491204.46    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc            | Virtu Financial Inc                            | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     14028 | NS      | $549196.20    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Wallenius Wilhelmsen ASA       | Wallenius Wilhelmsen ASA                       | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |     70534 | NS      | $508432.20    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila OYJ Abp               | Wartsila OYJ Abp                               | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |     29798 | NS      | $550773.54    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer