# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044370
**Filing Date:** 2025-6
**Character Count:** 10360
**Document Hash:** 8b12f841053b91e849039456af8c86c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044370.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 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:** 251085992

**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

### YieldMaxTM MSTR Option Income Strategy ETF (Series ID: S000084087)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000248347 | YieldMaxTM MSTR Option Income Strategy ETF | MSTY            |

## 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:** YieldMaxTM MSTR Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000084087

- **c. LEI of Series:** 5299004G7E7UWNBYX252

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3373499259.29

**Total Liabilities:** $102555045.34

**Net Assets:** $3270944213.95

**Cash Not Reported:** $1162314871.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 35303.772839000000 | **1-Year:** 27446.225311000000 | **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 C000248347 | -18.74%              | 8.35%                | 28.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $42505.83                                  |
| Month 2  | $-55334.70               | $-174000.16                                |
| Month 3  | $-20224.25               | $-120137.02                                |

**Designated Index Information**

- **Index Name:** MicroStrategy (Strategy)

- **Index Identifier:** MSTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  56973000 | PA      | $56879722.66  | 1.74%             | 2025-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797LN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  93131000 | PA      | $92671670.46  | 2.83%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MSTR 05/16/2025 330.01 P       | MSTR 05/16/2025 330.01 P                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -66975 | NC      | $-31859900.34 | -0.97%            |  |  |  | No            |                  2 | On Loan: No      |
| MSTR 05/16/2025 340.01 P       | MSTR 05/16/2025 340.01 P                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -18040 | NC      | $-11521563.50 | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     35231 | NC      | $1567779.50   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -19215 | NC      | $-11240775.00 | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     66975 | NC      | $374557687.50 | 11.45%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  27855558 | NS      | $27855557.68  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 144243000 | PA      | $144316940.40 | 4.41%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 597066000 | PA      | $596505528.18 | 18.24%            | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4400 | NC      | $-3069000.00  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8815 | NC      | $436342.50    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     15549 | NC      | $544215.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 421176000 | PA      | $416047306.15 | 12.72%            | 2025-08-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 382606000 | PA      | $381568364.88 | 11.67%            | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     18040 | NC      | $85193900.00  | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -22085 | NC      | $-9054850.00  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -39315 | NC      | $-13367100.00 | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer