Tidal ETF Trust II NPORT-P Carbon Collective Climate Solutions U.S.Equity ETF (Oct 2024 report)

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
Aerospace & Defense - 0.7%
Amprius Technologies, Inc. (a)		3,186	$	4,301
Archer Aviation, Inc. - Class A (a)		14,288		45,007
Eve Holding, Inc. (a)		12,675		39,039
Joby Aviation, Inc. (a)		28,782		138,154
				226,501
Airlines - 0.0%(b)
Lilium NV - Class A (a)		24,865		2,554
Auto Manufacturers - 14.7%
AYRO, Inc. (a)		159		118
Canoo, Inc. (a)		3,139		2,376
Cenntro, Inc. (a)		1,203		1,528
Chijet Motor Co., Inc. (a)		205		439
Envirotech Vehicles, Inc. (a)		641		1,167
Hyliion Holdings Corp. (a)		7,656		18,298
Hyzon Motors, Inc. (a)		193		336
Li Auto, Inc. - Class A - ADR (a)		43,673		1,092,262
Lion Electric Co. (a)		9,365		5,713
Lucid Group, Inc. (a)		93,203		205,979
Mullen Automotive, Inc. (a)		1		2
Nikola Corp. (a)		2,558		10,053
NIO, Inc. - Class C - ADR (a)		83,889		427,834
Phoenix Motor, Inc. (a)		762		346
Rivian Automotive, Inc. - Class A (a)		40,004		404,040
Tesla, Inc. (a)		6,555		1,637,767
Vinfast Auto Ltd. (a)		92,488		351,454
Xos, Inc. (a)		292		1,308
XPeng, Inc. - ADR (a)		38,127		428,166
				4,589,186
Auto Parts & Equipment - 0.5%
Ads-Tec Energy PLC (a)		2,124		30,479
CBAK Energy Technology, Inc. (a)		3,534		3,711
Microvast Holdings, Inc. (a)		11,917		2,269
QuantumScape Corp. - Class A (a)		20,525		105,704
SES AI Corp. - Class A (a)		13,738		6,502
Solid Power, Inc. (a)		6,299		7,433
				156,098
Building Materials - 16.3%
AAON, Inc.		3,257		372,015
Apogee Enterprises, Inc.		885		66,233
Carrier Global Corp.		20,041		1,457,382
Crown ElectroKinetics Corp. (a)		1		1
Energy Focus, Inc. (a)		91		120
Johnson Controls International PLC		20,663		1,561,090
Lennox International, Inc.		1,432		862,880
LSI Industries, Inc.		1,147		18,765
Owens Corning		3,495		617,881
Research Frontiers, Inc. (a)		1,286		2,829
Reto Eco-solutions, Inc. - Class A (a)		17		19
Tecnoglass, Inc.		1,890		129,522
				5,088,737

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
Chemicals - 1.0%
Arcadium Lithium PLC (a)		43,228		232,999
CN Energy Group, Inc. - Class A (a)		131		73
Daqo New Energy Corp. - ADR (a)		2,641		59,634
Flexible Solutions International, Inc.		477		1,908
Origin Materials, Inc. (a)		6,163		8,566
				303,180
Commercial Services - 5.6%
Quanta Services, Inc.		5,669		1,709,941
Willdan Group, Inc. (a)		526		24,885
				1,734,826
Distribution & Wholesale - 1.3%
Hudson Technologies, Inc. (a)		1,841		14,120
Ideanomics, Inc. (a)		1,507		151
LKQ Corp.		10,581		389,275
				403,546
Electric - 3.8%
Altus Power, Inc. - Class A (a)		6,155		21,173
Ameresco, Inc. - Class A (a)		2,107		64,833
Atlantica Sustainable Infrastructure PLC		4,669		102,998
Brookfield Renewable Corp. - Class A		7,221		220,818
Clearway Energy, Inc. - Class A		8,519		226,946
Enlight Renewable Energy Ltd. (a)		17,952		285,437
FTC Solar, Inc. (a)		4,679		2,472
Ormat Technologies, Inc.		2,430		192,019
ReNew Energy Global PLC - Class A (a)		14,996		84,877
				1,201,573
Electrical Components & Equipment - 1.4%
Acuity Brands, Inc.		1,237		371,954
ChargePoint Holdings, Inc. (a)		17,099		20,519
Electrovaya, Inc. (a)		1,871		4,023
ESS Tech, Inc. (a)		822		6,157
Ideal Power, Inc. (a)		206		1,483
Novonix Ltd. - ADR (a)		7,417		13,647
Nuvve Holding Corp. (a)		3		11
Orion Energy Systems, Inc. (a)		1,370		1,366
Ultralife Corp. (a)		620		5,214
Wallbox NV - Class A (a)		8,347		7,345
				431,719
Electronics - 1.4%
Badger Meter, Inc.		1,182		236,459
Itron, Inc. (a)		1,807		201,950
KULR Technology Group, Inc. (a)		5,169		1,437
SemiLEDs Corp./Taiwan (a)		165		183
				440,029
Energy - Alternate Sources - 6.9%
Advent Technologies Holdings, Inc. (a)		96		227
Array Technologies, Inc. (a)		5,923		38,677
Ascent Solar Technologies, Inc. (a)		2		6
Ballard Power Systems, Inc. (a)		11,954		18,887
Beam Global (a)		578		2,907

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
Brenmiller Energy Ltd. (a)		78		68
Broadwind, Inc. (a)		851		1,549
Canadian Solar, Inc. (a)		2,728		38,847
Eco Wave Power Global AB - ADR (a)		198		1,792
Emeren Group Ltd. - ADR (a)		2,550		6,197
Energy Vault Holdings, Inc. (a)		5,964		11,153
Enphase Energy, Inc. (a)		5,444		452,070
Eos Energy Enterprises, Inc. (a)		8,705		27,073
First Solar, Inc. (a)		4,303		836,847
Fluence Energy, Inc. - Class A (a)		7,255		157,796
Flux Power Holdings, Inc. (a)		726		2,055
Freyr Battery, Inc. (a)		5,874		5,698
Fusion Fuel Green PLC - Class A (a)		704		451
FutureFuel Corp.		1,809		10,926
Gevo, Inc. (a)		9,013		21,000
Heliogen, Inc. (a)		232		292
JinkoSolar Holding Co. Ltd. - ADR		2,362		62,735
Maxeon Solar Technologies Ltd. (a)		585		5,397
Montauk Renewables, Inc. (a)		5,564		30,769
NeoVolta, Inc. (a)		1,256		3,818
NextEra Energy Partners L.P.		3,760		72,756
Nxu, Inc. (a)		14		7
OPAL Fuels, Inc. - Class A (a)		6,651		24,343
Plug Power, Inc. (a)		35,363		69,311
Shoals Technologies Group, Inc. - Class A (a)		6,802		36,799
SolarEdge Technologies, Inc. (a)		2,303		39,289
SPI Energy Co. Ltd. (a)		1,320		508
Spruce Power Holding Corp. (a)		683		1,721
Stem, Inc. (a)		6,729		2,540
Sunnova Energy International, Inc. (a)		4,985		30,259
Sunrun, Inc. (a)		8,985		129,833
Tigo Energy, Inc. (a)		2,433		2,798
TPI Composites, Inc. (a)		1,799		6,126
Turbo Energy SA - ADR (a)		452		669
VivoPower International PLC (a)		93		76
				2,154,272
Engineering & Construction - 3.4%
Comfort Systems USA, Inc.		1,434		560,751
MYR Group, Inc. (a)		664		86,984
TopBuild Corp. (a)		1,213		428,650
				1,076,385
Environmental Control - 12.3%
374Water, Inc. (a)		5,520		8,611
Aqua Metals, Inc. (a)		3,918		592
Enviri Corp. (a)		3,419		26,189
GFL Environmental, Inc.		20,522		857,819
Greenwave Technology Solutions, Inc. (a)		4		2
LanzaTech Global, Inc. (a)		7,942		13,422
Li-Cycle Holdings Corp. (a)		634		1,579
Perma-Fix Environmental Services, Inc. (a)		535		7,180
PureCycle Technologies, Inc. (a)		6,634		86,375
Quest Resource Holding Corp. (a)		789		6,154
Waste Connections, Inc.		7,663		1,354,435
Waste Management, Inc.		6,801		1,467,996
				3,830,354

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
Food - 0.3%
Beyond Meat, Inc. (a)		2,617		15,937
BranchOut Food, Inc. (a)		268		437
Hain Celestial Group, Inc. (a)		3,611		31,524
Laird Superfood, Inc. (a)		356		2,563
Oatly Group AB - ADR (a)		22,991		18,788
Steakholder Foods Ltd. - ADR (a)		91		246
SunOpta, Inc. (a)		4,787		31,331
				100,826
Home Builders - 0.8%
Installed Building Products, Inc.		1,135		246,182
Household Products & Wares - 0.2%
Quanex Building Products Corp.		1,899		55,185
Internet - 0.1%
Liquidity Services, Inc. (a)		1,228		26,500
Swvl Holdings Corp. (a)		204		680
				27,180
Iron & Steel - 7.8%
Commercial Metals Co.		4,622		248,664
Nucor Corp.		9,540		1,353,154
Radius Recycling, Inc. - Class A		1,281		20,739
Steel Dynamics, Inc.		6,202		809,361
Universal Stainless & Alloy Products, Inc. (a)		345		15,083
				2,447,001
Leisure Time - 0.2%
Ezgo Technologies Ltd. (a)		74		80
Forza X1, Inc. (a)		655		170
Gogoro, Inc. (a)		11,959		5,576
Kandi Technologies Group, Inc. (a)		3,131		4,055
Livewire Group, Inc. (a)		8,450		49,940
Niu Technologies - Class A - ADR (a)		3,188		7,332
Vision Marine Technologies, Inc. (a)		4		13
Volcon, Inc. (a)		1		1
Zapp Electric Vehicles Group Ltd. (a)		86		201
				67,368
Machinery - Diversified - 1.6%
CSW Industrials, Inc.		624		220,335
GrafTech International Ltd. (a)		10,149		17,253
Watts Water Technologies, Inc. - Class A		1,341		255,581
				493,169
Machinery-Construction & Mining - 0.6%
Lightbridge Corp. (a)		508		4,938
NuScale Power Corp. - Class A (a)		10,015		191,687
				196,625
Metal Fabricate & Hardware - 0.9%
Metallus, Inc. (a)		1,682		23,699
Valmont Industries, Inc.		811		252,773
				276,472
Mining - 11.3%
American Lithium Corp. (a)		7,703		5,646
Cameco Corp.		17,491		913,380
Centrus Energy Corp. - Class A (a)		631		65,504
Denison Mines Corp. (a)		49,061		103,028

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
Energy Fuels, Inc./Canada (a)		8,823		53,115
ERO Copper Corp. (a)		5,655		103,713
Pioneer Ltd. - ADR (a)		3,111		24,141
Lithium Americas Corp. (a)		6,515		26,581
MP Materials Corp. (a)		6,857		123,357
NexGen Energy Ltd. (a)		30,759		226,386
Sigma Lithium Corp. (a)		6,243		84,780
Southern Copper Corp.		14,866		1,628,570
TMC the metals Co., Inc. (a)		13,099		12,954
Uranium Energy Corp. (a)		16,428		121,896
Uranium Royalty Corp. (a)		6,724		18,693
Ur-Energy, Inc. (a)		19,741		25,071
Westwater Resources, Inc. (a)		2,255		1,398
				3,538,213
Miscellaneous Manufacturers - 0.0%(b)
Graphex Group Ltd. - ADR (a)		13,196		3,114
Loop Industries, Inc. (a)		1,782		2,406
				5,520
Retail - 1.3%
Allego NV (a)		4,941		9,388
ATRenew, Inc. - Class A - ADR (a)		8,844		21,049
Beacon Roofing Supply, Inc. (a)		2,487		228,978
Blink Charging Co. (a)		4,063		8,045
Clean Energy Fuels Corp. (a)		8,781		24,850
EVgo, Inc. - Class A (a)		12,412		97,310
Jiuzi Holdings, Inc. (a)		349		548
NaaS Technology, Inc. - Class A - ADR (a)		516		1,568
				391,736
Software - 4.9%
8x8, Inc. (a)		4,533		10,108
Baijiayun Group Ltd. - Class A (a)		632		5,056
DocuSign, Inc. (a)		8,229		570,928
Faraday Future Intelligent Electric, Inc. - Class A (a)		532		1,091
Freight Technologies, Inc. (a)		1		2
Kaltura, Inc. (a)		4,848		6,157
Zoom Video Communications, Inc. - Class A (a)		12,371		924,608
				1,517,950
Telecommunications - 0.1%
AudioCodes Ltd.		1,266		11,660
ClearOne, Inc.		938		550
Oblong, Inc. (a)		3		11
Preformed Line Products Co.		200		24,600
				36,821
TOTAL COMMON STOCKS (Cost $28,534,453)				31,039,208
REAL ESTATE INVESTMENT TRUSTS - 0.5%
HA Sustainable Infrastructure Capital, Inc.		4,693		164,208
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $134,791)				164,208

Carbon Collective Climate Solutions U.S. Equity ETF

Schedule of Investments

October 31, 2024 (Unaudited)

COMMON STOCKS - 99.4%	Shares		Value
SHORT-TERM INVESTMENTS - 0.1%
Money Market Funds - 0.1%
First American Government Obligations Fund - Class X, 4.78% (c)		19,357		19,357
TOTAL SHORT-TERM INVESTMENTS (Cost $19,357)				19,357
TOTAL INVESTMENTS - 100.0% (Cost $28,688,601)				31,222,773
Other Assets in Excess of Liabilities - 0.0% (b)				3,572
TOTAL NET ASSETS - 100.0%			$	31,226,345

Percentages are stated as a percent of net assets.

AB - Aktiebolag

ADR - American Depositary Receipt

NV - Naamloze Vennootschap

PLC - Public Limited Company

SA - Sociedad Anónima

(a)	Non-income producing security.
(b)	Represents less than 0.05% of net assets.
(c)	The rate shown represents the 7-day annualized effective yield as of October 31, 2024.

Summary of Fair Value Disclosure as of October 31, 2024 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

● 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 spreads, 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 would be based on the best information available.

The following is a summary of the inputs used to value the Fund's investments as of October 31, 2024:

Carbon Collective Climate Solutions U.S. Equity ETF

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	31,039,208	$	—	$	—	$	31,039,208
Real Estate Investment Trusts		164,208		—		—		164,208
Money Market Funds		19,357		—		—		19,357
Total Investments	$	31,222,773	$	—	$	—	$	31,222,773

Refer to the Schedule of Investments for further disaggregation of investment categories.