# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044313
**Filing Date:** 2025-6
**Character Count:** 6784
**Document Hash:** e65bfc3a98eb16a8efbc19358c535e98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044313.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044313

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250430

**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:** 251085928

**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

### Defiance Daily Target 2X Long MSTR ETF (Series ID: S000085137)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000250002 | Defiance Daily Target 2X Long MSTR ETF | MSTX            |

## 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:** 844-986-7700

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

- **a. Name of Series:** Defiance Daily Target 2X Long MSTR ETF

- **b. EDGAR series identifier (if any):** S000085137

- **c. LEI of Series:** 2549005COXEDY9DZT146

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

- **a. Date of fiscal year-end:** 2025-04-30

- **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:** $1678632126.93

**Total Liabilities:** $1358149.11

**Net Assets:** $1677273977.82

**Cash Not Reported:** $599543800.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250002 | -46.14%              | 10.12%               | 51.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14484431.10            | $-87130.00                                 |
| Month 2  | $4990043.33              | $5508976.40                                |
| Month 3  | $22565076.58             | $12155771.85                               |

**Designated Index Information**

- **Index Name:** Microstrategy, Inc.

- **Index Identifier:** MSTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MSTR 05/01/2025 270.01 C       | MSTR 05/01/2025 270.01 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8500 | NC      | $93624147.60  | 5.58%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MICROSTRATEGY INC SWAP CS - L              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $374360383.73 | 22.32%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICROSTRATEGY INC SWAP - L- CANTOR         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $57985240.68  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |    116655 | NS      | $44341732.05  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MSTR 05/02/2025 300.01 C       | MSTR 05/02/2025 300.01 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     16500 | NC      | $132814395.45 | 7.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Manage | Dreyfus Government Cash Management         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  17541404 | NS      | $17541403.79  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICROSTRATEGY INC SWAP BMO                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-3917.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        | 141350215 | NS      | $141350214.86 | 8.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICROSTRATEGY INC SWAP MAR - L             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $210113892.28 | 12.53%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer