TIDAL TRUST II ORCX
DEFIANCE DAILY · ETP · CUSIP 88636W197
13
institutional holders
+4 vs Q1 2026
525.1k
shares reported held*
$12.4mreported value*
7 new
2 added
2 reduced
3 sold out
net bought ≈ $10.8m (+465.7k 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 ≈ $23.60. Options: 3 managers hold calls ($7.2m notional), 3 hold puts ($7.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2026 | 9 |
| Q2 2026 | 13 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $7.3m | $5.8m | 0.79 |
| Q2 2026 | $7.2m | $7.1m | 0.99 |
Biggest buyers
| Capstone Capital Management Ltd | New | +292.1k |
| CITADEL ADVISORS LLC | New | +107.6k |
| RENAISSANCE TECHNOLOGIES LLC | New | +73.3k |
| GOLDMAN SACHS GROUP INC | New | +14.4k |
| JANE STREET GROUP, LLC | New | +11.0k |
| StoneX Group Inc. | Added | +7.8k |
| SIMPLEX TRADING, LLC | New | +3.9k |
| Larson Financial Group LLC | New | +528 |
| HOLLENCREST CAPITAL MANAGEMENT | Added | +199 |
Biggest sellers
| HRT FINANCIAL LP | Sold out | -21.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -19.1k |
| GROUP ONE TRADING LLC | Reduced | -3.9k |
| Tower Research Capital LLC (TRC) | Reduced | -348 |
| Caitlin John, LLC | Sold out | -100 |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.4m187.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3m100.0k shares |
| JANE STREET GROUP, LLC | Added | $505.5k21.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m146.8k shares |
| CITADEL ADVISORS LLC | Added | $2.2m94.3k shares |
| JANE STREET GROUP, LLC | Added | $1.5m65.1k 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
| Manager | Shares | Change |
|---|---|---|
| Capstone Capital Management Ltd 3.04% of their portfolio | 292.1k $6.8m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 107.6k $2.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 73.3k $1.7m | New |
| StoneX Group Inc. 0.03% of their portfolio | 20.0k $656.3k | Added +7.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 14.4k $333.7k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 11.0k $256.0k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 3.9k $89.6k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.3k $30.9k | Reduced -3.9k |
| UBS Group AG 0.00% of their portfolio | 767 $17.8k | Unchanged |
| Larson Financial Group LLC 0.00% of their portfolio | 528 $12.3k | New |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 200 $4.6k | Added +199 |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 60 $1.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 11 $256 | Reduced -348 |