TIDAL TR II
YIELDMAX COIN OP · CUSIP 88634T824
53
institutional holders
+17 vs Q1 2025
4.8m
shares reported held*
$43.6mreported value*
22 new
16 added
8 reduced
6 sold out
net bought ≈ $11.1m (+1.2m 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 ≈ $9.13. Options: 3 managers hold calls ($3.5m notional), 4 hold puts ($3.5m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2023 | 4 |
| Q4 2023 | 10 |
| Q1 2024 | 21 |
| Q2 2024 | 19 |
| Q3 2024 | 23 |
| Q4 2024 | 35 |
| Q1 2025 | 36 |
| Q2 2025 | 53 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 8 | 1 |
| Q1 2024 | 15 | 6 |
| Q2 2024 | 12 | 10 |
| Q3 2024 | 17 | 9 |
| Q4 2024 | 27 | 10 |
| Q1 2025 | 27 | 12 |
| Q2 2025 | 38 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.2m | $1.5m | 1.23 |
| Q4 2024 | $4.1m | $6.6m | 1.59 |
| Q1 2025 | $2.2m | $3.9m | 1.76 |
| Q2 2025 | $3.5m | $3.5m | 1.01 |
Biggest buyers
| Tidal Investments LLC | Added | +362.8k |
| OLD MISSION CAPITAL LLC | Added | +324.9k |
| RENAISSANCE TECHNOLOGIES LLC | New | +242.9k |
| Federation des caisses Desjardins du Quebec | New | +116.7k |
| INDEPENDENT FINANCIAL GROUP, LLC | New | +55.1k |
| UBS Group AG | Added | +49.0k |
| HRT FINANCIAL LP | New | +24.0k |
| TWO SIGMA SECURITIES, LLC | New | +21.3k |
| JANE STREET GROUP, LLC | New | +15.0k |
| CAPTRUST FINANCIAL ADVISORS | Added | +13.9k |
Biggest sellers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -75.9k |
| MORGAN STANLEY | Reduced | -17.4k |
| Focus Partners Wealth | Sold out | -12.0k |
| Tower Research Capital LLC (TRC) | Reduced | -6.3k |
| XTX Topco Ltd | Reduced | -5.5k |
| EverSource Wealth Advisors, LLC | Sold out | -5.1k |
| Headlands Technologies LLC | Sold out | -3.5k |
| Orion Porfolio Solutions, LLC | Reduced | -3.5k |
| Cambridge Investment Research Advisors, Inc. | Reduced | -850 |
| CWM, LLC | Reduced | -619 |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m202.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m144.1k shares |
| JANE STREET GROUP, LLC | Reduced | $283.0k31.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $1.2m134.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m125.2k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m121.2k shares |
| FNY Investment Advisers, LLC | New | $081 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
| Manager | Shares | Change |
|---|---|---|
| Tidal Investments LLC 0.20% of their portfolio | 3.3m $30.0m | Added +362.8k |
| OLD MISSION CAPITAL LLC 0.08% of their portfolio | 344.2k $3.1m | Added +324.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 242.9k $2.2m | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 116.7k $1.1m | New |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 106.6k $973.7k | Added +8.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 95.2k $869.1k | Reduced -75.9k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio | 55.1k $503.5k | New |
| UBS Group AG 0.00% of their portfolio | 52.3k $477.8k | Added +49.0k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 44.3k $405.0k | Reduced -850 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 35.9k $327.4k | Added +13.9k |
| Arete Wealth Advisors, LLC 0.02% of their portfolio | 25.8k $236.0k | Added +100 |
| HRT FINANCIAL LP 0.00% of their portfolio | 24.0k $219.0k | New |
| Capital CS Group, LLC 0.33% of their portfolio | 22.1k $201.5k | Added +973 |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 21.4k $195.7k | Reduced -6.3k |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 21.3k $194.0k | New |
| WINEBRENNER CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 21.0k $191.7k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 20.8k $189.9k | Added +3.5k |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 20.3k $185.8k | Added +2.5k |
| McAdam, LLC 0.01% of their portfolio | 19.3k $176.1k | Added +4.0k |
| TUCKER ASSET MANAGEMENT LLC 0.05% of their portfolio | 15.6k $142.9k | Reduced -301 |
| XTX Topco Ltd 0.01% of their portfolio | 15.6k $142.7k | Reduced -5.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.0k $137.0k | New |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 14.2k $129.6k | Reduced -3.5k |
| US BANCORP \DE\ 0.00% of their portfolio | 13.3k $121.4k | New |
| U.S. Capital Wealth Advisors, LLC 0.00% of their portfolio | 13.2k $120.8k | New |
| ZEGA Investments, LLC 0.03% of their portfolio | 12.4k $112.9k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12.0k $109.8k | Added +1.9k |
| MORGAN STANLEY 0.00% of their portfolio | 11.2k $102.3k | Reduced -17.4k |
| Dynamic Advisor Solutions LLC 0.00% of their portfolio | 10.3k $93.6k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 10.0k $91.3k | New |
| HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio | 10.0k $91.0k | Not comparable |
| AE Wealth Management LLC 0.00% of their portfolio | 9.5k $86.9k | Added +3.1k |
| SUMMIT SECURITIES GROUP LLC 0.03% of their portfolio | 8.1k $74.0k | New |
| FNY Investment Advisers, LLC 0.03% of their portfolio | 8.1k $73.0k | Added +7.4k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 6.7k $61.0k | New |
| Hemington Wealth Management 0.01% of their portfolio | 4.1k $37.0k | Unchanged |
| Sound Income Strategies, LLC 0.00% of their portfolio | 4.0k $36.5k | New |
| Versant Capital Management, Inc 0.00% of their portfolio | 3.5k $31.7k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.2k $30.0k | New |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 1.0k $9.1k | New |
| Legend Financial Advisors, Inc. 0.01% of their portfolio | 1.0k $9.1k | New |
| Ascentis Wealth Management, LLC 0.00% of their portfolio | 679 $6.0k | Added +529 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 494 $4.5k | First filing |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 475 $4.3k | New |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 449 $4.1k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 376 $3.4k | Added +376 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 357 $3.3k | New |
| Beaird Harris Wealth Management, LLC 0.00% of their portfolio | 210 $1.9k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 197 $1.8k | Added +94 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 150 $1.4k | New |
| CWM, LLC 0.00% of their portfolio | 57 $1.0k | Reduced -619 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 20 $183 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |