Vault-13

TIDAL TRUST II MSFO

YIELDMAX MSFT OP · ETP · CUSIP 88634T428

19 institutional holders +6 vs Q1 2025
4,517,4164.5m shares reported held*
$80.6mreported value*
8 new 4 added 4 reduced 2 sold out net bought ≈ $1.3m (+70.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $17.83. Options: 1 managers hold calls ($383.3k notional), 2 hold puts ($1.8k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q3 23: 1Q4 23: 5Q1 24: 9Q2 24: 11Q3 24: 12Q4 24: 9Q1 25: 13Q2 25: 1919Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 20231
Q4 20235
Q1 20249
Q2 202411
Q3 202412
Q4 20249
Q1 202513
Q2 202519

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 23: 3 bought or addedQ4 23: 0 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 3 cut or sold outQ2 24: 8 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 10 bought or addedQ3 24: 3 cut or sold outQ4 24: 4 bought or addedQ4 24: 6 cut or sold outQ4 24Q1 25: 9 bought or addedQ1 25: 2 cut or sold outQ2 25: 12 bought or addedQ2 25: 6 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 202330
Q1 202483
Q2 202487
Q3 2024103
Q4 202446
Q1 202592
Q2 2025126

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $46.0kQ3 24 puts: $24.0kQ3 24P/C 0.52Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $1.6kQ1 25P/C —Q2 25 calls: $383.3kQ2 25 puts: $1.8kQ2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$46.0k$24.0k0.52
Q4 2024$0$0—
Q1 2025$0$1.6k—
Q2 2025$383.3k$1.8k0.00

Biggest buyers

Tidal Investments LLC Added +133,283+133.3k
JANE STREET GROUP, LLC New +15,264+15.3k
Visionary Wealth Advisors Added +2,422+2.4k
Steward Partners Investment Advisory, LLC New +1,187+1.2k
IFP Advisors, Inc New +500+500
Sunbelt Securities, Inc. Added +454+454
Ameritas Advisory Services, LLC New +246+246
SIMPLEX TRADING, LLC New +232+232
RAYMOND JAMES FINANCIAL INC New +100+100
OSAIC HOLDINGS, INC. New +65+65

Biggest sellers

OLD MISSION CAPITAL LLC Sold out -34,790-34.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -21,337-21.3k
Cavalier Investments, LLC Reduced -19,762-19.8k
UBS Group AG Reduced -5,408-5.4k
MORGAN STANLEY Reduced -1,206-1.2k
Geneos Wealth Management Inc. Reduced -392-392

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $383.3k21.5k shares

Biggest puts

GROUP ONE TRADING LLC Unchanged $1.8k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Tidal Investments LLC 0.52% of their portfolio Milwaukee, WI 4,440,0184.4m $79.2m $79.2m 0.52% Added +133.3k +133,283
2 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 26,73726.7k $476.7k $476.7k 0.02% Added +2.4k +2,422
3 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,26415.3k $272.2k $272.2k 0.00% New
4 Cavalier Investments, LLC 0.08% of their portfolio ALPHARETTA, GA 15,12615.1k $269.7k $269.7k 0.08% Reduced -19.8k -19,762
5 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 13,89613.9k $252.6k $252.6k 0.02% Added +454 +454
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,6551.7k $29.5k $29.5k 0.00% Reduced -5.4k -5,408
7 Investment Research & Advisory Group, Inc. 0.01% of their portfolio ATLANTA, GA 1,2861.3k $22.9k $22.9k 0.01% Added +34 +34
8 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1871.2k $21.2k $21.2k 0.00% New
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 868868 $15.5k $15.5k 0.00% Reduced -1.2k -1,206
10 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 500500 $8.9k $8.9k 0.00% New
11 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 246246 $4.4k $4.4k 0.00% New
12 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 232232 $4.0k $4.0k 0.00% New
13 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 232232 $4.1k $4.1k 0.00% Reduced -392 -392
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 100100 $1.8k $1.8k 0.00% New
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6565 $1.2k $1.2k 0.00% New
16 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 22 $39 $39 0.00% New
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $25 $25 0.00% Unchanged
18 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 11 $18 $18 0.00% Unchanged
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged