# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-003150
**Filing Date:** 2025-8
**Character Count:** 67776
**Document Hash:** 99125d3cf05a18f2295f4560892ed32a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003150.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0002000324-25-003150

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**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:** 251257829

**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

### Unusual Whales Subversive Democratic Trading ETF (Series ID: S000088363)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000254622 | Unusual Whales Subversive Democratic Trading ETF | NANC            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Unusual Whales Subversive Democratic Trading ETF** | **Unusual Whales Subversive Democratic Trading ETF** | **Unusual Whales Subversive Democratic Trading ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.6%** | **Shares** | **Value** |
| **Aerospace & Defense - 1.1%** |  |  |
| General Dynamics Corp. | 672 | $195995 |
| Northrop Grumman Corp. | 2169 | 1084457 |
| RTX Corp. | 7838 | 1144505 |
|  |  | 2424957 |
| **Agriculture - 3.8%** |  |  |
| Altria Group, Inc. | 7375 | 432396 |
| Philip Morris International, Inc. | 44204 | 8050875 |
|  |  | 8483271 |
| **Apparel - 0.1%** |  |  |
| NIKE, Inc. - Class B | 3120 | 221645 |
| **Auto Manufacturers - 0.2%** |  |  |
| Ford Motor Co. | 37759 | 409685 |
| **Banks - 2.2%** |  |  |
| Bank of America Corp. | 10544 | 498942 |
| Bank of New York Mellon Corp. | 4442 | 404711 |
| Citigroup, Inc. | 6729 | 572772 |
| Fifth Third Bancorp | 5328 | 219141 |
| First Horizon Corp. | 10918 | 231462 |
| Huntington Bancshares, Inc. | 12733 | 213405 |
| JPMorgan Chase & Co. | 1776 | 514880 |
| Morgan Stanley | 8645 | 1217735 |
| PNC Financial Services Group, Inc. | 1125 | 209722 |
| Wells Fargo & Co. | 12303 | 985716 |
|  |  | 5068486 |
| **Beverages - 0.9%** |  |  |
| Coca-Cola Co. | 25579 | 1809714 |
| PepsiCo, Inc. | 2247 | 296694 |
|  |  | 2106408 |
| **Biotechnology - 0.5%** |  |  |
| Amgen, Inc. | 1776 | 495877 |
| Corteva, Inc. | 3996 | 297822 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 686 | 305407 |
|  |  | 1099106 |
| **Building Materials - 2.4%** |  |  |
| Mohawk Industries, Inc <sup>(a)</sup> | 3348 | 351004 |
| Trane Technologies PLC | 892 | 390170 |
| Vulcan Materials Co. | 18324 | 4779266 |
|  |  | 5520440 |
| **Chemicals - 0.5%** |  |  |
| Air Products and Chemicals, Inc. | 674 | 190108 |
| DuPont de Nemours, Inc. | 5608 | 384653 |
| Ecolab, Inc. | 888 | 239263 |
| Linde PLC | 446 | 209254 |
| PPG Industries, Inc. | 1558 | 177223 |
|  |  | 1200501 |
| **Commercial Services - 2.1%** |  |  |
| API Group Corp <sup>(a)</sup> | 49236 | 2513498 |
| Automatic Data Processing, Inc. | 666 | 205394 |
| Cintas Corp. | 888 | 197909 |
| Quanta Services, Inc. | 1110 | 419669 |
| United Rentals, Inc. | 1793 | 1350846 |
|  |  | 4687316 |

---

---

| | | |
|:---|:---|:---|
| **Computers - 8.2%** |  |  |
| Accenture PLC - Class A | 5041.0 | 1506704 |
| Apple, Inc. | 32332.0 | 6633556 |
| Crowdstrike Holdings, Inc. - Class <sup>(a)</sup> | 12268.0 | 6248215 |
| Dell Technologies, Inc. - Class C | 4011.0 | 491749 |
| Gartner, Inc <sup>(a)</sup> | 888.0 | 358947 |
| Hewlett Packard Enterprise Co. | 8697.0 | 177854 |
| HP, Inc. | 6705.0 | 164004 |
| International Business Machines Corp. | 8242.0 | 2429577 |
| Seagate Technology Holdings PLC | 3687.0 | 532145 |
|  |  | 18542751 |
| **Cosmetics & Personal Care - 0.4%** |  |  |
| Colgate-Palmolive Co. | 4233.0 | 384780 |
| Procter & Gamble Co. | 3870.0 | 616568 |
|  |  | 1001348 |
| **Distribution & Wholesale - 0.1%** |  |  |
| Copart, Inc.<sup>(a)</sup> | 3120.0 | 153098 |
| **Diversified Financial Services - 4.4%** |  |  |
| American Express Co. | 21998.0 | 7016922 |
| Ameriprise Financial, Inc. | 444.0 | 236976 |
| Blackrock, Inc. | 457.0 | 479507 |
| Capital One Financial Corp. | 3818.0 | 812318 |
| Charles Schwab Corp. | 5164.0 | 471163 |
| Mastercard, Inc. - Class A | 689.0 | 387177 |
| Visa, Inc. - Class A | 1793.0 | 636605 |
|  |  | 10040668 |
| **Electric - 0.9%** |  |  |
| Dominion Energy, Inc. | 3113.0 | 175947 |
| Vistra Corp. | 9494.0 | 1840032 |
|  |  | 2015979 |
| **Electrical Components & Equipment - 0.2%** |  |  |
| AMETEK, Inc. | 1113.0 | 201408 |
| Emerson Electric Co. | 1332.0 | 177596 |
|  |  | 379004 |
| **Electronics - 0.2%** |  |  |
| Sensata Technologies Holding PLC | 14758.0 | 444363 |
| **Entertainment - 0.1%** |  |  |
| Penn Entertainment, Inc.<sup>(a)</sup> | 17021.0 | 304165 |
| **Environmental Control - 0.1%** |  |  |
| Republic Services, Inc. | 888.0 | 218990 |
| **Food - 0.3%** |  |  |
| Mondelez International, Inc. - Class A | 2672.0 | 180200 |
| Sysco Corp. | 5625.0 | 426037 |
|  |  | 606237 |
| **Food Service - 0.5%** |  |  |
| Aramark | 26075.0 | 1091760 |
| **Healthcare - Products - 5.0%** |  |  |
| Abbott Laboratories | 20602.0 | 2802078 |
| Artivion, Inc.<sup>(a)</sup> | 179547.0 | 5583912 |
| Baxter International, Inc. | 7427.0 | 224890 |
| Boston Scientific Corp.<sup>(a)</sup> | 2224.0 | 238880 |
| IDEXX Laboratories, Inc.<sup>(a)</sup> | 1060.0 | 568520 |
| Intuitive Surgical, Inc.<sup>(a)</sup> | 458.0 | 248882 |
| Medtronic PLC | 4225.0 | 368293 |
| Stryker Corp. | 678.0 | 268237 |
| Tactile Systems Technology, Inc.<sup>(a)</sup> | 58232.0 | 590472 |
| Zimmer Biomet Holdings, Inc. | 3110.0 | 283663 |
|  |  | 11177827 |

---

---

| | | |
|:---|:---|:---|
| **Healthcare - Services - 0.6%** |  |  |
| Cigna Group | 1112.0 | 367605 |
| HCA Healthcare, Inc. | 1789.0 | 685366 |
| UnitedHealth Group, Inc. | 677.0 | 211204 |
|  |  | 1264175 |
| **Home Builders - 1.6%** |  |  |
| DR Horton, Inc. | 27523.0 | 3548265 |
| **Insurance - 1.1%** |  |  |
| Aflac, Inc. | 1998.0 | 210709 |
| Allstate Corp. | 2016.0 | 405841 |
| Arthur J Gallagher & Co. | 666.0 | 213200 |
| Marsh & McLennan Cos., Inc. | 1795.0 | 392459 |
| Progressive Corp. | 3680.0 | 982045 |
| Prudential Financial, Inc. | 1789.0 | 192210 |
|  |  | 2396464 |
| **Internet - 16.7%** |  |  |
| Alphabet, Inc. - Class C | 48209.0 | 8551794 |
| Amazon.com, Inc.<sup>(a)</sup> | 53105.0 | 11650706 |
| Meta Platforms, Inc. - Class A | 9170.0 | 6768285 |
| Netflix, Inc.<sup>(a)</sup> | 5685.0 | 7612954 |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 7317.0 | 1497351 |
| Pinterest, Inc. - Class A<sup>(a)</sup> | 35338.0 | 1267221 |
| Uber Technologies, Inc.<sup>(a)</sup> | 2700.0 | 251910 |
|  |  | 37600221 |
| **Leisure Time - 0.1%** |  |  |
| Topgolf Callaway Brands Corp.<sup>(a)</sup> | 25488.0 | 205178 |
| **Lodging - 0.2%** |  |  |
| Marriott International, Inc. - Class A | 2016.0 | 550791 |
| **Machinery - Construction & Mining - 0.5%** |  |  |
| Caterpillar, Inc. | 679.0 | 263595 |
| Oshkosh Corp. | 3977.0 | 451549 |
| Vertiv Holdings Co. - Class A | 3108.0 | 399098 |
|  |  | 1114242 |
| **Machinery - Diversified - 0.1%** |  |  |
| Deere & Co. | 445.0 | 226278 |
| **Media - 2.0%** |  |  |
| Comcast Corp. - Class A | 8047.0 | 287197 |
| Liberty Media Corp.-Liberty Formula One - Class C<sup>(a)</sup> | 5167.0 | 539952 |
| Walt Disney Co. | 29588.0 | 3669208 |
|  |  | 4496357 |
| **Miscellaneous Manufacturing - 0.2%** |  |  |
| 3M Co. | 1332.0 | 202784 |
| Illinois Tool Works, Inc. | 893.0 | 220794 |
|  |  | 423578 |
| **Oil & Gas Services - 0.1%** |  |  |
| ChampionX Corp. | 6483.0 | 161038 |

---

---

| | | |
|:---|:---|:---|
| **Packaging & Containers - 0.4%** |  |  |
| Amcor PLC | 43890.0 | 403349 |
| Ball Corp. | 9992.0 | 560451 |
|  |  | 963800 |
| **Pharmaceuticals - 4.6%** |  |  |
| AbbVie, Inc. | 3162.0 | 586931 |
| CVS Health Corp. | 21431.0 | 1478310 |
| Elanco Animal Health, Inc.<sup>(a)</sup> | 29982.0 | 428143 |
| Eli Lilly & Co. | 6036.0 | 4705243 |
| Johnson & Johnson | 15057.0 | 2299957 |
| Merck & Co., Inc. | 3613.0 | 286005 |
| Novartis AG - ADR | 2003.0 | 242383 |
| Pfizer, Inc. | 12630.0 | 306151 |
|  |  | 10333123 |
| **Private Equity - 0.7%** |  |  |
| Blackstone, Inc. | 2443.0 | 365424 |
| KKR & Co., Inc. | 9725.0 | 1293717 |
|  |  | 1659141 |
| **Retail - 5.1%** |  |  |
| Bath & Body Works, Inc. | 7839.0 | 234856 |
| CarMax, Inc.<sup>(a)</sup> | 4886.0 | 328388 |
| Costco Wholesale Corp. | 6603.0 | 6536574 |
| Domino's Pizza, Inc. | 920.0 | 414552 |
| Home Depot, Inc. | 2094.0 | 767744 |
| Lowe's Cos., Inc. | 1380.0 | 306181 |
| McDonald's Corp. | 964.0 | 281652 |
| Restaurant Brands International, Inc. | 3108.0 | 206029 |
| Ross Stores, Inc. | 1119.0 | 142762 |
| Starbucks Corp. | 6519.0 | 597336 |
| Sweetgreen, Inc. - Class A<sup>(a)</sup> | 22526.0 | 335187 |
| Target Corp. | 2508.0 | 247414 |
| TJX Cos., Inc. | 3123.0 | 385659 |
| Walmart, Inc. | 7397.0 | 723279 |
|  |  | 11507613 |
| **Semiconductors - 13.2%** |  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 2246.0 | 318707 |
| Applied Materials, Inc. | 24351.0 | 4457938 |
| Intel Corp. | 18803.0 | 421187 |
| KLA Corp. | 229.0 | 205125 |
| Lam Research Corp. | 7054.0 | 686636 |
| Microchip Technology, Inc. | 5608.0 | 394635 |
| Micron Technology, Inc. | 6943.0 | 855725 |
| NVIDIA Corp. | 137781.0 | 21768020 |
| QUALCOMM, Inc. | 1569.0 | 249879 |
| Texas Instruments, Inc. | 1564.0 | 324718 |
|  |  | 29682570 |
| **Software - 15.8%** |  |  |
| Broadridge Financial Solutions, Inc. | 896.0 | 217755 |
| Intuit, Inc. | 677.0 | 533226 |
| Microsoft Corp. | 36611.0 | 18210677 |
| Oracle Corp. | 1110.0 | 242679 |
| Roper Technologies, Inc. | 444.0 | 251677 |
| Salesforce, Inc. | 30452.0 | 8303956 |
| ServiceNow, Inc.<sup>(a)</sup> | 2042.0 | 2099339 |
| SS&C Technologies Holdings, Inc. | 51280.0 | 4245984 |
| Tempus AI, Inc.<sup>(a)</sup> | 23587.0 | 1498718 |
|  |  | 35604011 |

---

---

| | | |
|:---|:---|:---|
| **Telecommunications - 1.1%** |  |  |
| Arista Networks, Inc.<sup>(a)</sup> | 3552 | 363405 |
| Cisco Systems, Inc. | 10151 | 704276 |
| Corning, Inc. | 7149 | 375966 |
| Motorola Solutions, Inc. | 447 | 187946 |
| T-Mobile US, Inc. | 2450 | 583737 |
| Verizon Communications, Inc. | 8281 | 358319 |
|  |  | 2573649 |
| **Transportation - 0.3%** |  |  |
| Old Dominion Freight Line, Inc. | 888 | 144122 |
| Union Pacific Corp. | 894 | 205692 |
| United Parcel Service, Inc. - Class B | 2683 | 270822 |
|  |  | 620636 |
| **TOTAL COMMON STOCKS (Cost $191,692,874)** |  | 222129135 |
| **SHORT-TERM INVESTMENTS - 0.4%** |  |  |
| **Money Market Funds - 0.4%** |  |  |
| First American Government Obligations Fund - Class X, 4.25%<sup>(b)</sup> | 909273 | 909273 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $909,273)** |  | 909273 |
| **TOTAL INVESTMENTS - 99.0% (Cost $192,602,147)** |  | 223038408 |
| Other Assets in Excess of Liabilities - 1.0% |  | 2158694 |
| **TOTAL NET ASSETS - 100.0%** |  | $225197102 |
| two |  | –% |
| Percentages are stated as a percent of net assets. |  | –% |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company <br>

(a) Non-income producing security.

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

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

Unusual Whales Subversive Democratic Trading 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $222129135 | $— | $— | $222129135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 909273 |  |  | 909273 |
| Total Investments | $223038408 | $— | $— | $223038408 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | 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:** Unusual Whales Subversive Democratic Trading ETF

- **b. EDGAR series identifier (if any):** S000088363

- **c. LEI of Series:** 254900NAFNLMH545M377

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $225327203.18

**Total Liabilities:** $129965.26

**Net Assets:** $225197237.92

**Cash Not Reported:** $642.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254622 | 1.25%                | 7.73%                | 6.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $691933.19               | $1391983.48                                |
| Month 2  | $283076.28               | $15233088.66                               |
| Month 3  | $1114240.20              | $13000289.08                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 3M Co                          | 3M Co                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      1332 | NS      | $202783.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     20602 | NS      | $2802078.02   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3162 | NS      | $586930.44    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      5041 | NS      | $1506704.49   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2246 | NS      | $318707.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                      | Aflac Inc                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      1998 | NS      | $210709.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       674 | NS      | $190108.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The              | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2016 | NS      | $405840.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     48209 | NS      | $8551794.51   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      7375 | NS      | $432396.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     53105 | NS      | $11650705.95  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                      | Amcor PLC                                  | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | CH        |     43890 | NS      | $403349.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     21998 | NS      | $7016922.04   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       444 | NS      | $236976.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      1113 | NS      | $201408.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1776 | NS      | $495876.96    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp                             | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     49236 | NS      | $2513497.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     32332 | NS      | $6633556.44   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     24351 | NS      | $4457937.57   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                        | Aramark                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     26075 | NS      | $1091760.25   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      3552 | NS      | $363405.12    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       666 | NS      | $213199.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                   | Artivion Inc                               | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    179547 | NS      | $5583911.70   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       666 | NS      | $205394.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                      | Ball Corp                                  | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      9992 | NS      | $560451.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     10544 | NS      | $498942.08    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      4442 | NS      | $404710.62    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc          | Bath & Body Works Inc                      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      7839 | NS      | $234856.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                   | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      7427 | NS      | $224889.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       457 | NS      | $479507.25    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2443 | NS      | $365423.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2224 | NS      | $238879.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       896 | NS      | $217754.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      3818 | NS      | $812317.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                     | CarMax Inc                                 | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4886 | NS      | $328388.06    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       679 | NS      | $263594.59    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                 | ChampionX Corp                             | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |      6483 | NS      | $161037.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      5164 | NS      | $471163.36    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                | Cigna Group/The                            | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1112 | NS      | $367604.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       888 | NS      | $197908.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     10151 | NS      | $704276.38    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      6729 | NS      | $572772.48    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     25579 | NS      | $1809714.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      4233 | NS      | $384779.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      8047 | NS      | $287197.43    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      3120 | NS      | $153098.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      7149 | NS      | $375965.91    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      3996 | NS      | $297821.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6603 | NS      | $6536573.82   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     12268 | NS      | $6248215.08   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     21431 | NS      | $1478310.38   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       445 | NS      | $226278.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      4011 | NS      | $491748.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      3113 | NS      | $175946.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       920 | NS      | $414552.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     27523 | NS      | $3548265.16   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      5608 | NS      | $384652.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       888 | NS      | $239262.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc       | Elanco Animal Health Inc                   | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     29982 | NS      | $428142.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      6036 | NS      | $4705243.08   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1332 | NS      | $177595.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      5328 | NS      | $219140.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    908416 | NS      | $908415.80    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp             | First Horizon Corp                         | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     10918 | NS      | $231461.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     37759 | NS      | $409685.15    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                    | Gartner Inc                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       888 | NS      | $358947.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       672 | NS      | $195995.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1789 | NS      | $685365.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      8697 | NS      | $177853.65    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2094 | NS      | $767744.16    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                         | HP Inc                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      6705 | NS      | $164004.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH   | Huntington Bancshares Inc/OH               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     12733 | NS      | $213405.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      8242 | NS      | $2429576.76   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1060 | NS      | $568520.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       893 | NS      | $220794.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     18803 | NS      | $421187.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       677 | NS      | $533225.51    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       458 | NS      | $248881.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     15057 | NS      | $2299956.75   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1776 | NS      | $514880.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      9725 | NS      | $1293716.75   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       229 | NS      | $205124.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      7054 | NS      | $686636.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty For | Liberty Media Corp-Liberty Formula One     | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5167 | NS      | $539951.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                  | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |       446 | NS      | $209254.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      1380 | NS      | $306180.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2016 | NS      | $550791.36    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1795 | NS      | $392458.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       689 | NS      | $387176.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       964 | NS      | $281651.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      4225 | NS      | $368293.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      3613 | NS      | $286005.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      9170 | NS      | $6768285.30   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      5608 | NS      | $394634.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      6943 | NS      | $855724.75    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     36611 | NS      | $18210677.51  | 8.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc          | Mohawk Industries Inc                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      3348 | NS      | $351004.32    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      2672 | NS      | $180199.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      8645 | NS      | $1217734.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       447 | NS      | $187945.62    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5685 | NS      | $7612954.05   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      3120 | NS      | $221644.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      2169 | NS      | $1084456.62   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                    | Novartis AG                                | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      2003 | NS      | $242383.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    151319 | NS      | $23906888.81  | 10.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       888 | NS      | $144122.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1110 | NS      | $242679.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                   | Oshkosh Corp                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      3977 | NS      | $451548.58    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7317 | NS      | $1497350.88   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc         | Penn Entertainment Inc                     | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17021 | NS      | $304165.27    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2247 | NS      | $296693.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     12630 | NS      | $306151.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     44204 | NS      | $8050874.52   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                  | Pinterest Inc                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35338 | NS      | $1267220.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1125 | NS      | $209722.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      1558 | NS      | $177222.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      3870 | NS      | $616568.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      3680 | NS      | $982044.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      1789 | NS      | $192210.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1569 | NS      | $249878.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1110 | NS      | $419668.80    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |       888 | NS      | $218989.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa | Restaurant Brands International Inc        | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      3108 | NS      | $206029.32    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       444 | NS      | $251676.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1119 | NS      | $142762.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      7838 | NS      | $1144504.76   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     30452 | NS      | $8303955.88   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      3687 | NS      | $532144.71    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding P | Sensata Technologies Holding PLC           | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |     14758 | NS      | $444363.38    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2042 | NS      | $2099339.36   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc | SS&C Technologies Holdings Inc             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     51280 | NS      | $4245984.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      6519 | NS      | $597335.97    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       678 | NS      | $268237.14    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                 | Sweetgreen Inc                             | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22526 | NS      | $335186.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      5625 | NS      | $426037.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc | Tactile Systems Technology Inc             | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |     58232 | NS      | $590472.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      2508 | NS      | $247414.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                  | Tempus AI Inc                              | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |     23587 | NS      | $1498717.98   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1564 | NS      | $324717.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      3123 | NS      | $385659.27    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2450 | NS      | $583737.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp   | Topgolf Callaway Brands Corp               | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     25488 | NS      | $205178.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       892 | NS      | $390169.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      2700 | NS      | $251910.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       894 | NS      | $205691.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2683 | NS      | $270822.02    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1793 | NS      | $1350846.20   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       677 | NS      | $211203.69    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      8281 | NS      | $358318.87    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       686 | NS      | $305407.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      3108 | NS      | $399098.28    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1793 | NS      | $636604.65    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      9494 | NS      | $1840032.14   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     18324 | NS      | $4779265.68   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7397 | NS      | $723278.66    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     29588 | NS      | $3669207.88   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     12303 | NS      | $985716.36    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      3110 | NS      | $283663.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer