Vault-13

TIDAL TRUST II MARO

YIELDMAX MARA OP · ETP · CUSIP 88636R602

11 institutional holders +4 vs Q1 2026
3,843,8533.8m shares reported held*
$23.5mreported value*
6 new 2 added 1 reduced 2 sold out net bought ≈ $2.9m (+470.6k 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 ≈ $6.12. Options: 2 managers hold calls ($1.3m notional), 1 hold puts ($69.2k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

051015Q4 24: 4Q1 25: 5Q2 25: 9Q3 25: 8Q4 25: 12Q1 26: 7Q2 26: 1111Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20244
Q1 20255
Q2 20259
Q3 20258
Q4 202512
Q1 20267
Q2 202611

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 25: 4 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 8 bought or addedQ2 25: 1 cut or sold outQ2 25Q3 25: 3 bought or addedQ3 25: 5 cut or sold outQ3 25Q4 25: 9 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 4 bought or addedQ1 26: 7 cut or sold outQ1 26Q2 26: 8 bought or addedQ2 26: 3 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202541
Q2 202581
Q3 202535
Q4 202596
Q1 202647
Q2 202683

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $145.2kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $82.0kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $1.0mQ1 26 puts: $77.4kQ1 26P/C 0.07Q2 26 calls: $1.3mQ2 26 puts: $69.2kQ2 26P/C 0.05
Numbers
QuarterCallsPutsP/C
Q3 2025$145.2k$00.00
Q4 2025$82.0k$00.00
Q1 2026$1.0m$77.4k0.07
Q2 2026$1.3m$69.2k0.05

Biggest buyers

Tidal Investments LLC Added +400,260+400.3k
CITADEL ADVISORS LLC New +22,175+22.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +21,905+21.9k
HRT FINANCIAL LP New +12,242+12.2k
JANE STREET GROUP, LLC New +11,497+11.5k
Ancora Advisors LLC New +3,000+3.0k
SIMPLEX TRADING, LLC New +60+60
FMR LLC New +11+11

Biggest sellers

GROUP ONE TRADING LLC Sold out -591-591
HOLLENCREST CAPITAL MANAGEMENT Sold out -5-5
WELLS FARGO & COMPANY/MN Reduced -2-2

Biggest calls

GROUP ONE TRADING LLC Reduced $830.5k19.5k shares
IMC-Chicago, LLC New $436.7k9.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $69.2k11.3k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Tidal Investments LLC 0.06% of their portfolio Milwaukee, WI 3,709,0533.7m $22.7m $22.7m 0.06% Added +400.3k +400,260
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 65,81565.8k $402.8k $402.8k 0.00% Added +21.9k +21,905
3 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 22,17522.2k $135.7k $135.7k 0.00% New
4 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,24212.2k $74.0k $74.0k 0.00% New
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 11,49711.5k $70.4k $70.4k 0.00% New
6 WINEBRENNER CAPITAL MANAGEMENT LLC 0.04% of their portfolio LOUISVILLE, KY 10,00010.0k $61.2k $61.2k 0.04% Unchanged
7 Benchmark Financial, LLC 0.05% of their portfolio WILMINGTON, DE 10,00010.0k $61.2k $61.2k 0.05% Unchanged
8 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 3,0003.0k $18.4k $18.4k 0.00% New
9 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 6060 $367 $367 0.00% New
10 FMR LLC 0.00% of their portfolio BOSTON, MA 1111 $67 $67 0.00% New
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $2 $2 0.00% Reduced -2 -2