Vault-13

TIDAL TRUST II NVDY

YIELDMAX NVDA · ETP · CUSIP 88634T774

75 institutional holders +10 vs Q1 2025
8,262,2398.3m shares reported held*
$140.2mreported value*
20 new 35 added 12 reduced 11 sold out net bought ≈ $26.5m (+1.6m 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 ≈ $16.97. Options: 3 managers hold calls ($4.0m notional), 3 hold puts ($12.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q2 23: 2Q3 23: 14Q4 23: 20Q1 24: 26Q2 24: 40Q3 24: 52Q4 24: 61Q1 25: 65Q2 25: 7575Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 20232
Q3 202314
Q4 202320
Q1 202426
Q2 202440
Q3 202452
Q4 202461
Q1 202565
Q2 202575

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 13 bought or addedQ3 23: 1 cut or sold outQ4 23: 15 bought or addedQ4 23: 7 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 10 cut or sold outQ2 24: 35 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 37 bought or addedQ3 24: 15 cut or sold outQ4 24: 42 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 47 bought or addedQ1 25: 29 cut or sold outQ2 25: 55 bought or addedQ2 25: 23 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023131
Q4 2023157
Q1 20242110
Q2 2024355
Q3 20243715
Q4 20244217
Q1 20254729
Q2 20255523

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $6.4mQ3 24 puts: $6.7mQ3 24P/C 1.05Q4 24 calls: $8.8mQ4 24 puts: $8.6mQ4 24P/C 0.98Q1 25 calls: $3.9mQ1 25 puts: $7.6mQ1 25P/C 1.94Q2 25 calls: $4.0mQ2 25 puts: $12.1mQ2 25P/C 3.00
Numbers
QuarterCallsPutsP/C
Q3 2024$6.4m$6.7m1.05
Q4 2024$8.8m$8.6m0.98
Q1 2025$3.9m$7.6m1.94
Q2 2025$4.0m$12.1m3.00

Biggest buyers

Tidal Investments LLC Added +1,078,550+1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +261,730+261.7k
MERCER GLOBAL ADVISORS INC /ADV Added +130,060+130.1k
JANE STREET GROUP, LLC New +119,318+119.3k
Federation des caisses Desjardins du Quebec Added +52,225+52.2k
Jump Financial, LLC New +46,118+46.1k
RENAISSANCE TECHNOLOGIES LLC New +33,469+33.5k
Sunbelt Securities, Inc. Added +22,535+22.5k
MBL Wealth, LLC Added +18,000+18.0k
IMC-Chicago, LLC New +15,308+15.3k

Biggest sellers

Elequin Capital, LP Sold out -93,256-93.3k
OLD MISSION CAPITAL LLC Reduced -75,760-75.8k
UBS Group AG Reduced -50,698-50.7k
Nicholas Wealth, LLC. Sold out -30,570-30.6k
GROUP ONE TRADING LLC Sold out -23,869-23.9k
Focus Partners Wealth Sold out -16,000-16.0k
CENTAURUS FINANCIAL, INC. Reduced -14,244-14.2k
Schonfeld Strategic Advisors LLC Sold out -12,500-12.5k
Arkadios Wealth Advisors Sold out -12,243-12.2k
Cavalier Investments, LLC Reduced -11,556-11.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m113.3k shares
CITADEL ADVISORS LLC Reduced $1.6m94.3k shares
JANE STREET GROUP, LLC Added $563.5k33.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.7m578.5k shares
CITADEL ADVISORS LLC Added $1.7m98.9k shares
JANE STREET GROUP, LLC Added $759.7k45.3k 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 0.55% of their portfolio Milwaukee, WI 5,037,5195.0m $84.5m $84.5m 0.55% Added +1.1m +1,078,550
2 CENTAURUS FINANCIAL, INC. 0.96% of their portfolio ANAHEIM, CA 977,194977.2k $16.4m $16.4m 0.96% Reduced -14.2k -14,244
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 459,829459.8k $7.7m $7.7m 0.01% Added +261.7k +261,730
4 Sunbelt Securities, Inc. 0.52% of their portfolio HOUSTON, TX 253,374253.4k $5.9m $5.9m 0.52% Added +22.5k +22,535
5 OLD MISSION CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 232,529232.5k $3.9m $3.9m 0.10% Reduced -75.8k -75,760
6 Avidian Wealth Enterprises, LLC 0.14% of their portfolio Houston, TX 209,500209.5k $3.5m $3.5m 0.14% Added +1.5k +1,500
7 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 160,060160.1k $2.7m $2.7m 0.01% Added +130.1k +130,060
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 119,318119.3k $2.0m $2.0m 0.00% New
9 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 69,38769.4k $1.2m $1.2m 0.03% Reduced -7.7k -7,674
10 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 52,72552.7k $884.2k $884.2k 0.00% Added +52.2k +52,225
11 MBL Wealth, LLC 0.07% of their portfolio CHARLOTTE, NC 46,40046.4k $778.1k $778.1k 0.07% Added +18.0k +18,000
12 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 46,11846.1k $773.4k $773.4k 0.01% New
13 Westend Capital Management, LLC 0.20% of their portfolio SAUSALITO, CA 39,30539.3k $659.1k $659.1k 0.20% Added +800 +800
14 Capital CS Group, LLC 1.07% of their portfolio IRVINE, CA 38,74138.7k $649.7k $649.7k 1.07% Added +14.7k +14,661
15 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 34,61334.6k $580.5k $580.5k 0.03% Added +6.0k +5,955
16 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 33,46933.5k $561.3k $561.3k 0.00% New
17 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 29,75629.8k $499.0k $499.0k 0.00% Reduced -8.1k -8,117
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 27,76827.8k $468.4k $468.4k 0.00% Added +4.9k +4,916
19 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 25,37225.4k $425.5k $425.5k 0.01% Reduced -510 -510
20 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 20,85020.9k $349.7k $349.7k 0.01% Added +856 +856
21 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 20,19620.2k $338.7k $338.7k 0.02% Added +10.0k +9,989
22 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 16,91216.9k $284.0k $284.0k 0.01% Added +1.8k +1,774
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 16,45516.5k $276.0k $276.0k 0.00% Reduced -10.7k -10,666
24 Cavalier Investments, LLC 0.08% of their portfolio ALPHARETTA, GA 15,73515.7k $263.9k $263.9k 0.08% Reduced -11.6k -11,556
25 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 15,38615.4k $258.0k $258.0k 0.01% Added +4.9k +4,938
26 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 15,30815.3k $256.7k $256.7k 0.01% New
27 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,93714.9k $251.0k $251.0k 0.00% Added +1.7k +1,655
28 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 13,97214.0k $234.3k $234.3k 0.00% New
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,81913.8k $231.8k $231.8k 0.00% Added +5.6k +5,615
30 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 13,64413.6k $228.8k $228.8k 0.00% New
31 NorthRock Partners, LLC 0.01% of their portfolio MINNEAPOLIS, MN 13,00013.0k $218.0k $218.0k 0.01% Added +1.0k +1,000
32 Redhawk Wealth Advisors, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 12,78312.8k $214.4k $214.4k 0.03% New
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,58912.6k $211.1k $211.1k 0.00% Added +4.8k +4,791
34 Signal Advisors Wealth, LLC 0.02% of their portfolio DETROIT, MI 12,29412.3k $206.2k $206.2k 0.02% New
35 Kure Advisory, LLC 0.14% of their portfolio PLYMOUTH, MN 12,22212.2k $205.0k $205.0k 0.14% New
36 PDS Planning, Inc 0.02% of their portfolio DUBLIN, OH 12,12612.1k $203.4k $203.4k 0.02% New
37 Investment Partners Asset Management, Inc. 0.14% of their portfolio METUCHEN, NJ 12,09112.1k $202.8k $202.8k 0.14% Reduced -900 -900
38 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 12,05812.1k $202.2k $202.2k 0.00% Added +146 +146
39 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 11,45311.5k $192.1k $192.1k 0.00% Added +10.7k +10,748
40 Arete Wealth Advisors, LLC 0.01% of their portfolio CHICAGO, IL 10,54510.5k $177.0k $177.0k 0.01% New
41 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 10,44410.4k $175.1k $175.1k 0.00% Added +8.8k +8,793
42 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 8,4018.4k $140.9k $140.9k 0.01% Added +1.6k +1,632
43 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 7,4757.5k $125.4k $125.4k 0.01% New
44 SUMMIT SECURITIES GROUP LLC 0.04% of their portfolio NEW YORK, NY 6,3006.3k $105.7k $105.7k 0.04% New
45 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,9735.0k $83.4k $83.4k 0.00% Added +2.4k +2,401
46 TUCKER ASSET MANAGEMENT LLC 0.02% of their portfolio LITTLETON, CO 3,9954.0k $67.0k $67.0k 0.02% Reduced -35 -35
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,5143.5k $58.9k $58.9k 0.00% Reduced -50.7k -50,698
48 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 3,2513.3k $54.5k $54.5k 0.00% Reduced -4.6k -4,562
49 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,8872.9k $48.4k $48.4k 0.00% Added +2.5k +2,486
50 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 2,2562.3k $37.8k $37.8k 0.00% Unchanged
51 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 2,0552.1k $34.5k $34.5k 0.00% New
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,0422.0k $34.2k $34.2k 0.00% Added +2.0k +2,039
53 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 1,9702.0k $33.0k $33.0k 0.01% New
54 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 1,6001.6k $26.8k $26.8k 0.00% Added +1.4k +1,431
55 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 1,4611.5k $24.5k $24.5k 0.00% New
56 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,3191.3k $22.1k $22.1k 0.00% Added +388 +388
57 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,2421.2k $20.8k $20.8k 0.00% New
58 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,0291.0k $17.0k $17.0k 0.00% Added +681 +681
59 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $16.0k $16.0k 0.00% Added +951 +951
60 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 730730 $12.2k $12.2k 0.00% Added +600 +600
61 Ascentis Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 519519 $8.6k $8.6k 0.00% Added +1 +1
62 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 500500 $8.4k $8.4k 0.00% Unchanged
63 SWAN Capital LLC 0.00% of their portfolio PENSACOLA, FL 371371 $6.2k $6.2k 0.00% New
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 235235 $3.9k $3.9k 0.00% New
65 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 203203 $3.4k $3.4k 0.00% Added +3 +3
66 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 203203 $3.4k $3.4k 0.00% First filing
67 Beaird Harris Wealth Management, LLC 0.00% of their portfolio DALLAS, TX 200200 $3.4k $3.4k 0.00% Unchanged
68 PINNEY & SCOFIELD, INC. 0.00% of their portfolio CAMBRIDGE, MA 200200 $3.4k $3.4k 0.00% Unchanged
69 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 170170 $2.9k $2.9k 0.00% Unchanged
70 CWM, LLC 0.00% of their portfolio OMAHA, NE 101101 $2.0k $2.0k 0.00% New
71 PIN OAK INVESTMENT ADVISORS INC 0.00% of their portfolio HOUSTON, TX 9090 $1.0k $1.0k 0.00% Added +75 +75
72 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 6565 $1.1k $1.1k 0.00% Added +12 +12
73 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 5050 $839 $839 0.00% Unchanged
74 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 3636 $604 $604 0.00% Reduced -30 -30
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged