TIDAL TR II

Ticker: MFUT CUSIP: 88636J337 Class: CAMBRIA CHESAPEA

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Federation des caisses Desjardins du Quebec

Value ($000) $16 Shares 1,000

Institution	Shares	Value ($000)
Federation des caisses Desjardins du Quebec	1,000	$16

Increased Positions (2)

Cambria Investment Management, L.P.

Value ($000) $11,330 (+12.5%) Shares 692,733 (+6.9%)

Empowered Funds, LLC

Value ($000) $6,213 (+108.8%) Shares 379,864 (+98.4%)

Institution	Prev Shares	Curr Shares	Change
Cambria Investment Management, L.P.	647,757	692,733	+44,976 (+6.9%)
Empowered Funds, LLC	191,420	379,864	+188,444 (+98.4%)

Decreased Positions (5)

Toroso Investments, LLC

Value ($000) $798 (-18.7%) Shares 48,822 (-22.7%)

Centric Wealth Management

Value ($000) $649 (+12.6%) Shares 36,627 (-1.4%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $258 (-16.3%) Shares 15,756 (-20.5%)

Bellecapital International Ltd.

Value ($000) $292 (+2.1%) Shares 17,878 (-3.0%)

Value ($000) $3 (+3.4%) Shares 161,795 (-1.8%)

Institution	Prev Shares	Curr Shares	Change
Toroso Investments, LLC	63,194	48,822	-14,372 (-22.7%)
Centric Wealth Management	37,129	36,627	-502 (-1.4%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	19,809	15,756	-4,053 (-20.5%)
Bellecapital International Ltd.	18,431	17,878	-553 (-3.0%)
Betterment LLC	164,711	161,795	-2,916 (-1.8%)

Exited Positions (2)

Inman Jager Wealth Management, LLC

Value ($000) $245 Shares 15,790

JANE STREET GROUP, LLC

Value ($000) $203 Shares 13,077

Institution	Prev Shares	Prev Value ($000)
Inman Jager Wealth Management, LLC	15,790	$245
JANE STREET GROUP, LLC	13,077	$203