# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-26-000703
**Filing Date:** 2026-2
**Character Count:** 8293
**Document Hash:** ba431b6e449cfec78a083f46e7461d22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000703.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002000324-26-000703

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23312
- **FILM NUMBER:** 26693030

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### MRP SynthEquity ETF (Series ID: S000090663)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000257943 | MRP SynthEquity ETF | SNTH            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** MRP SynthEquity ETF

- **b. EDGAR series identifier (if any):** S000090663

- **c. LEI of Series:** 254900QMDDEEQBC7Y131

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $124071092.94

**Total Liabilities:** $403246.15

**Net Assets:** $123667846.79

**Cash Not Reported:** $20949.17

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -1756.62 | **1-Year:** -4410.21 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257943 | 4.04%                | -1.03%               | -1.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1707.52                 | $-14519.08                                 |
| Month 2  | $-3243.85                | $24518.36                                  |
| Month 3  | $1112.39                 | $36976.36                                  |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26273000 | PA      | $26323579.47  | 21.29%            | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26551000 | PA      | $26627803.81  | 21.53%            | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26131000 | PA      | $26323681.89  | 21.29%            | 2026-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26417000 | PA      | $26627085.68  | 21.53%            | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 01/16/26 C5300                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $155925.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 01/16/26 C7400                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-20.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 01/16/26 P5300                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-55.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 01/16/26 P7400                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $53915.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 11/20/26 C7075                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       375 | NC      | $14733750.00  | 11.91%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 11/20/26 C8600                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       303 | NC      | $472680.00    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 11/20/26 C8800                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -303 | NC      | $-299970.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1897097 | NS      | $1897096.53   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer