TIDAL TRUST II

Ticker: SOFX CUSIP: 88636R545 Class: DEFIANCE DAILY

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

Jump Financial, LLC

Value ($000) $233 Shares 8,187

Optiver Holding B.V.

Value ($000) $228 Shares 8,026

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 7,976

Institution	Shares	Value ($000)
Jump Financial, LLC	8,187	$233
Optiver Holding B.V.	8,026	$228
FLOW TRADERS U.S. LLC	7,976	$0

Increased Positions (2)

Value ($000) $5,253 (-19.7%) Shares 184,908 (+9.7%)

Belvedere Trading LLC

Value ($000) $493 (-12.3%) Shares 17,370 (+19.8%)

Institution	Prev Shares	Curr Shares	Change
UBS Group AG	168,596	184,908	+16,312 (+9.7%)
Belvedere Trading LLC	14,499	17,370	+2,871 (+19.8%)

Decreased Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $1,997 (-43.7%) Shares 70,291 (-23.1%)

SIMPLEX TRADING, LLC

Value ($000) $96 (+50856.4%) Shares 3,372 (-30.4%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	91,432	70,291	-21,141 (-23.1%)
SIMPLEX TRADING, LLC	4,848	3,372	-1,476 (-30.4%)

Exited Positions (1)

Advisory Services Network, LLC

Value ($000) $10 Shares 255

Institution	Prev Shares	Prev Value ($000)
Advisory Services Network, LLC	255	$10