# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-25-003960
**Filing Date:** 2025-10
**Character Count:** 19226
**Document Hash:** 4682eda9237194d1e9725775ab73d906
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003960.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0002000324-25-003960

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**PERIOD START**: 20251130

**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:** 251415717

**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

### Pinnacle Focused Opportunities ETF (Series ID: S000079304)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000240296 | Pinnacle Focused Opportunities ETF | FCUS            |

## Nport-Ex

**Pinnacle Focused Opportunities ETF**

**Schedule of Investments**

**August 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.9%** | **Shares** | **Value** |
| **Aerospace & Defense - 10.9%** |  |  |
| Curtiss-Wright Corp. | 1997 | $954866 |
| Howmet Aerospace, Inc. | 5335 | 928823 |
| Joby Aviation, Inc. <sup>(a)</sup> | 97949 | 1385978 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)</sup> | 17459 | 1149501 |
|  |  | 4419168 |
| **Apparel - 3.1%** |  |  |
| Tapestry, Inc. | 12061 | 1228051 |
| **Biotechnology - 3.5%** |  |  |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup> | 3191 | 1424813 |
| **Computers - 3.4%** |  |  |
| Seagate Technology Holdings PLC | 8282 | 1386407 |
| **Diversified Financial Services - 2.9%** |  |  |
| SoFi Technologies, Inc. <sup>(a)</sup> | 46383 | 1184622 |
| **Electric - 6.0%** |  |  |
| NRG Energy, Inc. | 7649 | 1113389 |
| Oklo, Inc. <sup>(a)</sup> | 17947 | 1321617 |
|  |  | 2435006 |
| **Electronics - 8.1%** |  |  |
| Amphenol Corp. - Class A | 12348 | 1344203 |
| Jabil, Inc. | 4513 | 924398 |
| TE Connectivity PLC | 4914 | 1014741 |
|  |  | 3283342 |
| **Engineering & Construction - 13.4%** |  |  |
| Comfort Systems USA, Inc. | 2411 | 1695849 |
| Dycom Industries, Inc. <sup>(a)</sup> | 3746 | 945753 |
| IES Holdings, Inc. <sup>(a)</sup> | 2838 | 991342 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 6389 | 1779528 |
|  |  | 5412472 |
| **Internet - 6.5%** |  |  |
| Hims & Hers Health, Inc. <sup>(a)</sup> | 20510 | 868599 |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 16673 | 1734492 |
|  |  | 2603091 |
| **Machinery - Construction & Mining - 9.9%** |  |  |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | 45503 | 2408929 |
| GE Vernova, Inc. | 2559 | 1568590 |
|  |  | 3977519 |
| **Mining - 3.8%** |  |  |
| Newmont Corp. | 20628 | 1534723 |
| **Retail - 10.2%** |  |  |
| Carvana Co. - Class A <sup>(a)</sup> | 4543 | 1689633 |
| Five Below, Inc. <sup>(a)</sup> | 9629 | 1397168 |
| QXO, Inc. <sup>(a)</sup> | 50788 | 1022362 |
|  |  | 4109163 |
| **Software - 9.6%** |  |  |
| Oracle Corp. | 4039 | 913339 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 10774 | 1688394 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | 10231 | 1274680 |
|  |  | 3876413 |

---

---

| | | |
|:---|:---|:---|
| **Telecommunications - 8.6%** | | |
| AST SpaceMobile, Inc. <sup>(a)</sup> | 31889 | 1560647 |
| Credo Technology Group Holding Ltd. <sup>(a)</sup> | 15632 | 1923596 |
|  |  | 3484243 |
| **TOTAL COMMON STOCKS** (Cost $33,822,361) |  | 40359033 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(b)</sup> | 71708 | 71708 |
| **TOTAL MONEY MARKET FUNDS** (Cost $71,708) |  | 71708 |
| **TOTAL INVESTMENTS - 100.1%** (Cost $33,894,069) |  | 40430741 |
| Liabilities in Excess of Other Assets - (0.1)% |  | (22759) |
| **TOTAL NET ASSETS - 100.0%** |  | $40407982 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 rate shown represents the 7-day annualized effective yield as of August 31, 2025.

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

Pinnacle Focused Opportunities 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 August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $40359033 | $— | $— | $40359033 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 71708 |  |  | 71708 |
| Total Investments | $40430741 | $— | $— | $40430741 |

---

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 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:** Pinnacle Focused Opportunities ETF

- **b. EDGAR series identifier (if any):** S000079304

- **c. LEI of Series:** 549300PA9RK5MNXQG982

**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:** $40434845.23

**Total Liabilities:** $26862.43

**Net Assets:** $40407982.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240296 | 4.38%                | 6.69%                | -0.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1385753.30              | $47070.76                                  |
| Month 2  | $765451.30               | $1840152.19                                |
| Month 3  | $-57695.03               | $-23273.73                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alnylam Pharmaceuticals Inc    | Alnylam Pharmaceuticals Inc                | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      3191 | NS      | $1424813.41   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     12348 | NS      | $1344203.28   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     31889 | NS      | $1560647.66   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     45503 | NS      | $2408928.82   | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                     | Carvana Co                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      4543 | NS      | $1689632.56   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2411 | NS      | $1695849.18   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15632 | NS      | $1923595.76   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp            | Curtiss-Wright Corp                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1997 | NS      | $954865.55    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc           | Dycom Industries Inc                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      3746 | NS      | $945752.62    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     71708 | NS      | $71708.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below Inc                             | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      9629 | NS      | $1397167.90   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      2559 | NS      | $1568590.23   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc         | Hims & Hers Health Inc                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     20510 | NS      | $868598.50    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      5335 | NS      | $928823.50    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc               | IES Holdings Inc                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      2838 | NS      | $991341.78    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                      | Jabil Inc                                  | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      4513 | NS      | $924397.79    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc              | Joby Aviation Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     97949 | NS      | $1385978.35   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     17459 | NS      | $1149500.56   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     20628 | NS      | $1534723.20   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      7649 | NS      | $1113388.44   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                       | Oklo Inc                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17947 | NS      | $1321617.08   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4039 | NS      | $913339.07    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     10774 | NS      | $1688393.54   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                        | QXO Inc                                    | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50788 | NS      | $1022362.44   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     16673 | NS      | $1734492.19   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10231 | NS      | $1274680.29   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      8282 | NS      | $1386406.80   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc          | SoFi Technologies Inc                      | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |     46383 | NS      | $1184621.82   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      6389 | NS      | $1779528.17   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     12061 | NS      | $1228051.02   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      4914 | NS      | $1014741.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-24

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer