Tidal Investments LLC

Milwaukee, WI · CIK 1600064 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$45.8bn
Staff207 · 50 in investment roles
Main clients (by assets)Mutual funds and ETFs 98%, Private funds 2%
Form ADV · 2026-03-27SEC adviser record

Legal entityTIDAL INVESTMENTS LLC (US)

$15.3bn reported value +29.2% vs Q1 2025

1,779positions

19.2%in top 10

237 new 909 added 619 reduced 180 sold out vs Q1 2025

Options: 83 call positions ($1.3bn notional), 33 put positions ($6.3m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Amplify Investments, LLC – files its own report too; $583.3k of shares are in both
Newfound Research LLC – reports through this filing

Also in the report of:

Cambria Investment Management, L.P. – $287.3m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	3,078,239	$486.3m3.18%	3.18%	Reduced -212.9k	-212,914 -6.5%
2	MICROSOFT CORP COM MSFT	MSFT	842,563	$419.1m2.74%	2.74%	Added +28.1k	+28,079 3.5%
3	ISHARES TR CORE S&P500 ETF IVV	IVV	630,541	$391.5m2.56%	2.56%	Reduced -50.5k	-50,512 -7.4%
4	APPLE INC COM AAPL	AAPL	1,651,143	$338.8m2.22%	2.22%	Added +223.4k	+223,395 15.7%
5	AMAZON COM INC COM AMZN	AMZN	1,262,071	$276.9m1.81%	1.81%	Added +168.5k	+168,467 15.4%
6	META PLATFORMS INC CL A META	META	326,301	$240.8m1.58%	1.58%	Reduced -20.7k	-20,651 -6.0%
7	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	735,324	$223.5m1.46%	1.46%	Reduced -7.7k	-7,670 -1.0%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,118,905	$197.2m1.29%	1.29%	Added +3.4k	+3,449 0.3%
9	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	1,967,307	$184.2m1.20%	1.20%	Added +873.8k	+873,772 79.9%
10	COEUR MNG INC COM NEW CDE	CDE	20,734,671	$183.7m1.20%	1.20%	Added +7.4m	+7,382,955 55.3%
11	MICROSTRATEGY INC CL A NEW MSTR	MSTR	419,846	$169.7m1.11%	1.11%	Reduced -61.1k	-61,077 -12.7%
12	BROADCOM INC COM AVGO	AVGO	603,662	$166.4m1.09%	1.09%	Added +30.0k	+29,965 5.2%
13	TESLA INC COM TSLA	TSLA	499,988	$158.8m1.04%	1.04%	Added +150.7k	+150,709 43.1%
14	FIRST MAJESTIC SILVER CORP COM AG	AG	18,433,836	$152.4m1.00%	1.00%	Added +890.2k	+890,153 5.1%
15	COINBASE GLOBAL INC COM CL A COIN	COIN	348,950	$122.3m0.80%	0.80%	Added +85.1k	+85,067 32.2%
16	HECLA MNG CO COM HL	HL	20,118,397	$120.5m0.79%	0.79%	Added +2.6m	+2,574,855 14.7%
17	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	799,642	$109.0m0.71%	0.71%	Added +153.9k	+153,945 23.8%
18	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	1,463,993	$101.1m0.66%	0.66%	Reduced -2.3k	-2,273 -0.2%
19	ORACLE CORP COM ORCL	ORCL	447,698	$97.9m0.64%	0.64%	Reduced -70.8k	-70,751 -13.7%
20	VISA INC COM CL A V	V	271,149	$96.3m0.63%	0.63%	Added +117.6k	+117,634 76.6%
21	ADVANCED MICRO DEVICES INC COM AMD	AMD	674,093	$95.7m0.63%	0.63%	Added +44.7k	+44,738 7.1%
22	AMERICAN EXPRESS CO COM AXP	AXP	290,167	$92.6m0.61%	0.61%	Added +104.9k	+104,923 56.6%
23	ISHARES TR CORE US AGGBD ET AGG	AGG	911,028	$90.1m0.59%	0.59%	Reduced -70.1k	-70,134 -7.2%
24	TIDAL TRUST II YIELDMAX META FBY	FBY	5,184,899	$88.0m0.58%	0.58%	Added +970.7k	+970,673 23.0%
25	NETFLIX INC COM NFLX	NFLX	64,646	$86.6m0.57%	0.57%	Added +8.6k	+8,604 15.3%
26	TIDAL TRUST II YIELDMAX GOOGL GOOY	GOOY	7,012,087	$85.3m0.56%	0.56%	Added +1.5m	+1,469,623 26.5%
27	TIDAL TRUST II YIELDMAX NVDA NVDY	NVDY	5,037,519	$84.5m0.55%	0.55%	Added +1.1m	+1,078,550 27.2%
28	JPMORGAN CHASE & CO COM JPM	JPM	286,605	$83.1m0.54%	0.54%	Added +24.7k	+24,715 9.4%
29	TIDAL TRUST II YIELDMAX AMZN OP AMZY	AMZY	5,078,182	$82.5m0.54%	0.54%	Added +870.5k	+870,517 20.7%
30	COSTCO WHSL CORP NEW COM COST	COST	83,241	$82.4m0.54%	0.54%	Added +8.9k	+8,947 12.0%
31	TIDAL TRUST II YIELDMAX AAPL APLY	APLY	6,322,654	$81.4m0.53%	0.53%	Added +1.3m	+1,343,623 27.0%
32	TIDAL TRUST II YIELDMAX MSFT OP MSFO	MSFO	4,440,018	$79.2m0.52%	0.52%	Added +133.3k	+133,283 3.1%
33	WHEATON PRECIOUS METALS CORP COM WPM	WPM	879,248	$79.0m0.52%	0.52%	Reduced -101.0k	-101,004 -10.3%
34	TIDAL TR II YIELDMAX TSLA OP YIELDMAX TSLA OP		9,039,193	$73.9m0.48%	0.48%	Added +843.1k	+843,105 10.3%
35	MASTERCARD INCORPORATED CL A MA	MA	128,525	$72.2m0.47%	0.47%	Added +61.8k	+61,762 92.5%
36	PAYPAL HLDGS INC COM PYPL	PYPL	955,397	$71.0m0.46%	0.46%	Added +189.6k	+189,622 24.8%
37	ENDEAVOUR SILVER CORP COM EXK	EXK	13,982,021	$68.8m0.45%	0.45%	Reduced -312.1k	-312,088 -2.2%
38	ELI LILLY & CO COM LLY	LLY	88,205	$68.8m0.45%	0.45%	Added +6.4k	+6,437 7.9%
39	ALPHABET INC CAP STK CL C GOOG	GOOG	385,675	$68.4m0.45%	0.45%	Added +83.6k	+83,568 27.7%
40	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	3,885,750	$66.3m0.43%	0.43%	Added +630.8k	+630,829 19.4%
41	BNY MELLON ETF TRUST US LRG CP CORE BKLC	BKLC	553,746	$65.4m0.43%	0.43%	Reduced -80.7k	-80,744 -12.7%
42	GE VERNOVA INC COM GEV	GEV	121,521	$64.3m0.42%	0.42%	Reduced -7.6k	-7,620 -5.9%
43	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	946,772	$62.0m0.41%	0.41%	Reduced -202.2k	-202,156 -17.6%
44	GE AEROSPACE COM NEW GE	GE	237,572	$61.1m0.40%	0.40%	Added +166.4k	+166,417 233.9%
45	ARISTA NETWORKS INC COM SHS ANET	ANET	578,664	$59.2m0.39%	0.39%	Reduced -148.9k	-148,947 -20.5%
46	ABBOTT LABS COM ABT	ABT	432,621	$58.8m0.38%	0.38%	Added +63.7k	+63,747 17.3%
47	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	114,099	$58.1m0.38%	0.38%	Added +23.8k	+23,771 26.3%
48	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	96,821	$52.6m0.34%	0.34%	Added +24.4k	+24,374 33.6%
49	PALO ALTO NETWORKS INC COM PANW	PANW	248,922	$50.9m0.33%	0.33%	Added +31.7k	+31,731 14.6%
50	KLA CORP COM NEW KLAC	KLAC	56,727	$50.8m0.33%	0.33%	Added +46.7k	+46,701 465.8%
51	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	104,395	$50.7m0.33%	0.33%	Added +64.7k	+64,718 163.1%
52	MAG SILVER CORP COM MAG	MAG	2,313,359	$48.9m0.32%	0.32%	Reduced -260.0k	-259,979 -10.1%
53	GALAXY DIGITAL INC. CL A GLXY	GLXY	2,212,434	$48.5m0.32%	0.32%	New
54	OR ROYALTIES INC. COM SHS OR	OR	1,872,920	$48.2m0.31%	0.31%	New
55	MARA HOLDINGS INC COM MARA	MARA	3,053,474	$47.9m0.31%	0.31%	Added +1.0m	+1,034,031 51.2%
56	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	209,119	$47.4m0.31%	0.31%	Added +34.9k	+34,934 20.1%
57	CATERPILLAR INC COM CAT	CAT	121,697	$47.2m0.31%	0.31%	Added +19.2k	+19,189 18.7%
58	SSR MINING IN COM SSRM	SSRM	3,707,246	$47.2m0.31%	0.31%	Added +437.3k	+437,329 13.4%
59	GOLDMAN SACHS GROUP INC COM GS	GS	66,492	$47.1m0.31%	0.31%	Added +13.7k	+13,683 25.9%
60	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	2,858,519	$46.9m0.31%	0.31%	Added +302.5k	+302,523 11.8%
61	AMPLIFY ETF TR SEYMOUR CANB ETF CNBS	CNBS	3,016,098	$46.3m0.30%	0.30%	Reduced -514.5k	-514,478 -14.6%
62	PROGRESSIVE CORP COM PGR	PGR	173,157	$46.2m0.30%	0.30%	Added +23.7k	+23,710 15.9%
63	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	937,267	$45.9m0.30%	0.30%	Added +562.0k	+562,030 149.8%
64	FORTUNA MNG CORP COM NEW FSM	FSM	6,809,337	$44.5m0.29%	0.29%	Reduced -1.5m	-1,522,943 -18.3%
65	QUANTA SVCS INC COM PWR	PWR	117,351	$44.4m0.29%	0.29%	Added +7.7k	+7,683 7.0%
66	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	149,479	$44.1m0.29%	0.29%	Reduced -5.8k	-5,848 -3.8%
67	MERCADOLIBRE INC COM MELI	MELI	16,857	$44.1m0.29%	0.29%	Added +1.0k	+1,038 6.6%
68	SCHWAB STRATEGIC TR HIGH YIELD BD ET SCYB	SCYB	1,647,085	$43.5m0.28%	0.28%	Added +652.5k	+652,496 65.6%
69	EMERSON ELEC CO COM EMR	EMR	322,037	$42.9m0.28%	0.28%	Added +45.4k	+45,402 16.4%
70	AXON ENTERPRISE INC COM AXON	AXON	51,499	$42.6m0.28%	0.28%	Added +6.2k	+6,217 13.7%
71	APPLOVIN CORP COM CL A APP	APP	121,389	$42.5m0.28%	0.28%	Added +80.6k	+80,561 197.3%
72	NU HLDGS LTD ORD SHS CL A NU	NU	3,096,299	$42.5m0.28%	0.28%	Added +265.8k	+265,844 9.4%
73	CLEANSPARK INC COM NEW CLSK	CLSK	3,846,728	$42.4m0.28%	0.28%	Reduced -82.1k	-82,064 -2.1%
74	EXXON MOBIL CORP COM XOM	XOM	391,185	$42.2m0.28%	0.28%	Added +18.1k	+18,144 4.9%
75	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	851,938	$42.1m0.28%	0.28%	Reduced -125.8k	-125,813 -12.9%
76	MONSTER BEVERAGE CORP NEW COM MNST	MNST	664,831	$41.6m0.27%	0.27%	Added +597.1k	+597,119 881.9%
77	REDDIT INC CL A RDDT	RDDT	276,084	$41.6m0.27%	0.27%	Added +191.2k	+191,229 225.4%
78	FRANCO NEV CORP COM FNV	FNV	253,011	$41.5m0.27%	0.27%	Added +2.4k	+2,351 0.9%
79	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	133,765	$41.2m0.27%	0.27%	Added +14.6k	+14,625 12.3%
80	S&P GLOBAL INC COM SPGI	SPGI	78,030	$41.1m0.27%	0.27%	Added +6.8k	+6,838 9.6%
81	ROBLOX CORP CL A RBLX	RBLX	388,339	$40.9m0.27%	0.27%	Added +61.4k	+61,369 18.8%
82	UPSTART HLDGS INC COM UPST	UPST	629,285	$40.7m0.27%	0.27%	Added +411.7k	+411,654 189.2%
83	AON PLC SHS CL A AON	AON	113,657	$40.5m0.27%	0.27%	Added +81.4k	+81,405 252.4%
84	EATON CORP PLC SHS ETN	ETN	112,852	$40.3m0.26%	0.26%	Added +1.6k	+1,608 1.4%
85	BANK NEW YORK MELLON CORP COM BNY	BNY	442,107	$40.3m0.26%	0.26%	Added +59.4k	+59,438 15.5%
86	IONQ INC COM IONQ	IONQ	925,601	$39.8m0.26%	0.26%	Added +815.2k	+815,219 738.5%
87	SEABRIDGE GOLD INC COM COM		2,731,868	$39.7m0.26%	0.26%	Reduced -466.4k	-466,360 -14.6%
88	DIREXION SHS ETF TR DLY SMCAP BULL3X TNA	TNA	1,176,068	$39.4m0.26%	0.26%	Added +811.1k	+811,068 222.2%
89	AST SPACEMOBILE INC COM CL A ASTS	ASTS	842,257	$39.4m0.26%	0.26%	Added +609.6k	+609,644 262.1%
90	BLOCK INC CL A XYZ	XYZ	571,475	$38.8m0.25%	0.25%	Added +160.2k	+160,159 38.9%
91	GARMIN LTD SHS GRMN	GRMN	184,024	$38.4m0.25%	0.25%	Added +45.6k	+45,590 32.9%
92	SILVERCORP METALS INC COM SVM	SVM	8,827,883	$37.3m0.24%	0.24%	Reduced -390.3k	-390,268 -4.2%
93	REPUBLIC SVCS INC COM RSG	RSG	149,069	$36.8m0.24%	0.24%	Added +98.5k	+98,494 194.8%
94	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	436,177	$36.0m0.24%	0.24%	Added +116.9k	+116,948 36.6%
95	BJS WHSL CLUB HLDGS INC COM BJ	BJ	333,893	$36.0m0.24%	0.24%	Added +28.9k	+28,865 9.5%
96	TIDAL TR II YIELDMAX BITCOIN YIELDMAX BITCOIN		3,387,288	$35.8m0.23%	0.23%	Added +417.9k	+417,900 14.1%
97	TIDAL TRUST II YIELDMAX HOOD OP HOOY	HOOY	529,734	$35.8m0.23%	0.23%	New
98	TIDAL TRUST II YIELDMAX JPM OPT JPO	JPO	2,081,934	$35.7m0.23%	0.23%	Added +302.5k	+302,488 17.0%
99	TRIPLE FLAG PRECIOUS METAL COM TFPM	TFPM	1,502,632	$35.6m0.23%	0.23%	Reduced -503.5k	-503,514 -25.1%
100	SALESFORCE INC COM CRM	CRM	129,849	$35.4m0.23%	0.23%	Added +7.7k	+7,668 6.3%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
OSISKO GOLD ROYALTIES LTD		2,006,897	$42.4m2.0m shares
AZEK CO INC AZEK	AZEK	429,892	$21.0m429.9k shares
VANGUARD WORLD FD EDV	EDV	179,590	$12.8m179.6k shares
SPDR SER TR SPTL	SPTL	467,912	$12.8m467.9k shares
VANGUARD SCOTTSDALE FDS VGLT	VGLT	221,339	$12.8m221.3k shares
SCHWAB STRATEGIC TR SCHR	SCHR	512,393	$12.7m512.4k shares
HERC HLDGS INC HRI	HRI	66,825	$9.0m66.8k shares
ISHARES TR USHY	USHY	232,415	$8.5m232.4k shares
CACI INTL INC CACI	CACI	16,659	$6.1m16.7k shares
ISHARES TR SHV	SHV	48,270	$5.3m48.3k shares
BERRY GLOBAL GROUP INC BERY	BERY	73,186	$5.1m73.2k shares
INVESCO EXCH TRADED FD TR II SPLV	SPLV	49,605	$3.7m49.6k shares
SELECT SECTOR SPDR TR XLP	XLP	45,370	$3.7m45.4k shares
JANUS DETROIT STR TR JAAA	JAAA	70,225	$3.6m70.2k shares
ALASKA AIR GROUP INC ALK	ALK	60,253	$3.0m60.3k shares
PROSHARES TR		130,874	$2.8m130.9k shares
ORGANIGRAM HLDGS INC		2,522,523	$2.5m2.5m shares
ISHARES TR TLH	TLH	24,555	$2.5m24.6k shares
HARBOR ETF TRUST SIHY	SIHY	55,998	$2.5m56.0k shares
AES CORP AES	AES	194,388	$2.4m194.4k shares
DISCOVER FINL SVCS DFS	DFS	14,143	$2.4m14.1k shares
SPDR SER TR KIE	KIE	38,126	$2.3m38.1k shares
DESPEGAR COM CORP DESP	DESP	118,984	$2.2m119.0k shares
GLOBAL X FDS MLPX	MLPX	34,966	$2.2m35.0k shares
ISHARES TR ITA	ITA	13,979	$2.1m14.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSTRATEGY INC MSTR · Call	MSTR	Call	125,632	$460.3m125.6k shares	Added
NVIDIA CORPORATION NVDA · Call	NVDA	Call	226,463	$240.1m226.5k shares	Reduced
COINBASE GLOBAL INC COIN · Call	COIN	Call	69,981	$131.2m70.0k shares	Reduced
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	23,820	$74.7m23.8k shares	Reduced
AMAZON COM INC AMZN · Call	AMZN	Call	26,012	$45.7m26.0k shares	Added
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	23,927	$38.5m23.9k shares	Reduced
SUPER MICRO COMPUTER INC SMCI · Call	SMCI	Call	92,448	$36.5m92.4k shares	Added
ROBINHOOD MKTS INC HOOD · Call	HOOD	Call	16,340	$34.2m16.3k shares	New
TESLA INC TSLA · Call	TSLA	Call	61,404	$29.6m61.4k shares	Reduced
NETFLIX INC NFLX · Call	NFLX	Call	2,680	$28.5m2.7k shares	Added
BLOCK INC XYZ · Call	XYZ	Call	21,626	$24.2m21.6k shares	Reduced
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	88,000	$24.1m88.0k shares	Added
META PLATFORMS INC META · Call	META	Call	5,000	$20.7m5.0k shares	Reduced
CARVANA CO CVNA · Call	CVNA	Call	4,848	$19.8m4.8k shares	Added
MICROSOFT CORP MSFT · Call	MSFT	Call	5,200	$16.7m5.2k shares	Reduced
ARK ETF TR ARKK · Call	ARKK	Call	20,780	$14.0m20.8k shares	Reduced
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	5,148	$12.3m5.1k shares	Added
MODERNA INC MRNA · Call	MRNA	Call	68,580	$10.3m68.6k shares	Added
SNOWFLAKE INC SNOW · Call	SNOW	Call	8,076	$10.2m8.1k shares	Added
JPMORGAN CHASE & CO JPM · Call	JPM	Call	4,510	$9.2m4.5k shares	Added
APPLE INC AAPL · Call	AAPL	Call	13,220	$8.3m13.2k shares	Added
C3 AI INC AI · Call	AI	Call	90,010	$7.9m90.0k shares	Added
VANECK ETF TRUST GDX · Call	GDX	Call	32,980	$7.3m33.0k shares	Added
DISNEY WALT CO DIS · Call	DIS	Call	6,820	$7.1m6.8k shares	Reduced
MARA HOLDINGS INC MARA · Call	MARA	Call	98,280	$7.0m98.3k shares	Added