# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020073
**Filing Date:** 2025-12
**Character Count:** 26608
**Document Hash:** 3fdef22aa8b97b4dbf1b51120d562e71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020073.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020073

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**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:** 251612225

**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

### YieldMax(R) Ultra Short Option Income Strategy ETF (Series ID: S000089053)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000255519 | YieldMax(R) Ultra Short Option Income Strategy ETF |  |

## 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:** YieldMax Ultra Short Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000089053

- **c. LEI of Series:** 2549008D45R780IU2526

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $38631078.33

**Total Liabilities:** $18130896.78

**Net Assets:** $20500181.55

**Cash Not Reported:** $18478801.48

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 346.940432000000 | **1-Year:** 420.429510000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255519 | -2.84%               | -7.27%               | -5.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-211207.95              | $-116040.63                                |
| Month 2  | $-914145.72              | $-1087375.52                               |
| Month 3  | $-2268886.99             | $751405.52                                 |

**Designated Index Information**

- **Index Name:** NYSE FANG+ Total Return Index

- **Index Identifier:** NYFANGT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AST SpaceMobile Inc            | AST SpaceMobile Inc                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Short            | EC               | CORP              | US        |    -16400 | NS      | $-1316100.00  | -6.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc         | Advance Auto Parts Inc                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-754080.00   | -3.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |     -4300 | NS      | $-1101316.00  | -5.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                     | Carvana Co                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |     -2400 | NS      | $-735696.00   | -3.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp            | Centrus Energy Corp                        | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Short            | EC               | CORP              | US        |     -1600 | NS      | $-587936.00   | -2.87%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4653000 | PA      | $4538663.37   | 22.14%            | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4666000 | PA      | $4537665.54   | 22.13%            | 2026-08-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   6643314 | NS      | $6643314.04   | 32.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                     | Gitlab Inc                                 | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-1218750.00  | -5.95%            |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                       | IonQ Inc                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-873320.00   | -4.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-815400.00   | -3.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                   | Lemonade Inc                               | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Short            | EC               | CORP              | US        |    -13200 | NS      | $-793056.00   | -3.87%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Advance Auto Parts Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       160 | NC      | $80.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advance Auto Parts Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -160 | NC      | $-102400.00   | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        43 | NC      | $21.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -43 | NC      | $-21.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -43 | NC      | $-64.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       164 | NC      | $26896.00     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -164 | NC      | $-9348.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AST SpaceMobile Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -164 | NC      | $-32226.00    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       567 | NC      | $28350.00     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Short            | EC               | CORP              | SG        |    -56700 | NS      | $-1258740.00  | -6.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Enphase Energy Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       254 | NC      | $2413.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Enphase Energy Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -254 | NC      | $-1143.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Enphase Energy Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -254 | NC      | $-24765.00    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Gitlab Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       250 | NC      | $26875.00     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Gitlab Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -250 | NC      | $-10000.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IonQ Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       140 | NC      | $1120.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IonQ Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -140 | NC      | $-70.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IonQ Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -140 | NC      | $-840.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -567 | NC      | $-1417.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -567 | NC      | $-68040.00    | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Charter Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $600.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Charter Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-25440.00    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Circle Internet Group Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        80 | NC      | $120.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Circle Internet Group Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -80 | NC      | $-40160.00    | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        37 | NC      | $56610.00     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -37 | NC      | $-25715.00    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -37 | NC      | $-555.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Carvana Co                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $12.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Carvana Co                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-20040.00    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Centrus Energy Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        16 | NC      | $39680.00     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Centrus Energy Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -16 | NC      | $-16320.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Centrus Energy Corp                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -16 | NC      | $-59520.00    | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Short            | EC               | CORP              | US        |     -2400 | NS      | $-561216.00   | -2.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc      | Circle Internet Group Inc                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-1015840.00  | -4.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Short            | EC               | CORP              | US        |    -25400 | NS      | $-774954.00   | -3.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | US        |     -3700 | NS      | $-694194.00   | -3.39%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kratos Defense & Security Solutions Inc    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        90 | NC      | $24975.00     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Kratos Defense & Security Solutions Inc    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -90 | NC      | $-31950.00    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       132 | NC      | $24750.00     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lemonade Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -132 | NC      | $-56100.00    | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       100 | NC      | $50000.00     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-17750.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RH                             | RH                                         | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Short            | EC               | CORP              | US        |     -4900 | NS      | $-845201.00   | -4.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                     | Reddit Inc                                 | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Short            | EC               | CORP              | US        |     -6500 | NS      | $-1358175.00  | -6.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                | Sandisk Corp/DE                            | CUSIP: 80004C200<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3400 | NS      | $-677722.00   | -3.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc       | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-779400.00   | -3.80%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4096000 | PA      | $4050098.18   | 19.76%            | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Nebius Group NV                | Nebius Group NV                            | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Short            | EC               | CORP              | NL        |    -10000 | NS      | $-1308200.00  | -6.38%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Nebius Group NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-14750.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Reddit Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        65 | NC      | $325.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Reddit Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -65 | NC      | $-32.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RH                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        49 | NC      | $2082.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RH                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -49 | NC      | $-122.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RH                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -49 | NC      | $-21192.50    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Super Micro Computer Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       150 | NC      | $19200.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Super Micro Computer Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -150 | NC      | $-24600.00    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sandisk Corp/DE                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        34 | NC      | $67320.00     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sandisk Corp/DE                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -34 | NC      | $-28220.00    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sandisk Corp/DE                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -34 | NC      | $-12410.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer