# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-004107
**Filing Date:** 2025-10
**Character Count:** 43570
**Document Hash:** cb9a8850212ff4e32bd687591778afec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004107.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002000324-25-004107

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20260228

**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:** 251433761

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**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

### VistaShares Target 15 USA Quality Income ETF (Series ID: S000090690)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000257974 | VistaShares Target 15 USA Quality Income ETF | QUSA            |

## 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:** Vistashares Target 15 Usa Quality Income ETF

- **b. EDGAR series identifier (if any):** S000090690

- **c. LEI of Series:** 254900RF3AXV18M0F482

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $18555245.26

**Total Liabilities:** $1182934.01

**Net Assets:** $17372311.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257974 | 0.10%                | 0.71%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6474.53                | $26700.90                                  |
| Month 2  | $57710.77                | $51351.52                                  |
| Month 3  | $186206.84               | $-177596.94                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accenture PLC                  | Accenture PLC                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      2500 | NS      | $649925.00    | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp              | Agree Realty Corp                          | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1792 | NS      | $130350.08    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      3712 | NS      | $685977.60    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                             | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      1071 | NS      | $149158.17    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      2334 | NS      | $706618.50    | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2462 | NS      | $748571.10    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc               | Badger Meter Inc                           | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       467 | NS      | $85423.64     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                   | Balchem Corp                               | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |       522 | NS      | $84610.98     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2355 | NS      | $230036.40    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                     | Brady Corp                                 | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |       687 | NS      | $53640.96     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3566 | NS      | $748966.98    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2811 | NS      | $749159.61    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                     | Corpay Inc                                 | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1078 | NS      | $351072.26    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       784 | NS      | $739562.88    | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                           | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      1899 | NS      | $151293.33    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc   | FactSet Research Systems Inc               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       611 | NS      | $228098.52    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     18281 | NS      | $907834.46    | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc           | Federated Hermes Inc                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      1215 | NS      | $64516.50     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    185602 | NS      | $185601.86    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc | First Financial Bankshares Inc             | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      2159 | NS      | $80250.03     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2835 | NS      | $920155.95    | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd              | Grab Holdings Ltd                          | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | SG        |     39972 | NS      | $199460.28    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc     | Grand Canyon Education Inc                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |       458 | NS      | $92319.06     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      3177 | NS      | $840793.05    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                 | Immunovant Inc                             | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1104 | NS      | $16217.76     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc    | Jack Henry & Associates Inc                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1187 | NS      | $193789.62    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc       | Manhattan Associates Inc                   | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       965 | NS      | $207899.60    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc       | MarketAxess Holdings Inc                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       584 | NS      | $107362.56    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1359 | NS      | $808999.11    | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings Inc                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       369 | NS      | $175463.19    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Accenture PLC                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-2010.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Accenture PLC                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-8265.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Accenture PLC                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-1005.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Agree Realty Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-425.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMETEK Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -33 | NC      | $-9075.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMETEK Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-340.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AptarGroup Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-1600.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Arthur J Gallagher & Co                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -21 | NC      | $-15750.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Arthur J Gallagher & Co                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-655.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Arthur J Gallagher & Co                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $90.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Automatic Data Processing Inc              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-4440.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Badger Meter Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-400.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Balchem Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-185.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Balchem Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-510.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ's Wholesale Club Holdings Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-442.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ's Wholesale Club Holdings Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-700.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ's Wholesale Club Holdings Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        20 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Brady Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-1440.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cintas Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-520.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cintas Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-742.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cintas Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -22 | NC      | $-330.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CME Group Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -28 | NC      | $-2100.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CME Group Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        22 | NC      | $715.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Corpay Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-8920.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Corpay Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-550.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Corpay Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-252.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Costco Wholesale Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-1645.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Donaldson Co Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-2115.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | FactSet Research Systems Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-2430.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Fastenal Co                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -182 | NC      | $-16380.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Fastenal Co                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        27 | NC      | $540.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Federated Hermes Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-450.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | General Dynamics Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -26 | NC      | $-11570.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | General Dynamics Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-327.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Grab Holdings Ltd                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -399 | NC      | $-2992.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Grand Canyon Education Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-310.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Illinois Tool Works Inc                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-6355.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Immunovant Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-30.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Immunovant Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-200.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Jack Henry & Associates Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-175.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Jack Henry & Associates Inc                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-225.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Manhattan Associates Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-3330.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MarketAxess Holdings Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-437.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-13290.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-635.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Medpace Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-1927.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-664.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $418.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -44 | NC      | $-5390.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        38 | NC      | $2375.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Paychex Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -47 | NC      | $-12102.50    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Paychex Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-217.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PJT Partners Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-682.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Procter & Gamble Co/The                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -47 | NC      | $-6580.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Royal Gold Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-2850.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPS Commerce Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-825.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | State Street Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -45 | NC      | $-4050.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tempus AI Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $385.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tempus AI Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-252.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tempus AI Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $180.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tempus AI Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-660.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tractor Supply Co                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -72 | NC      | $-9360.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tractor Supply Co                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-765.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tractor Supply Co                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-150.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tradeweb Markets Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-80.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tradeweb Markets Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-675.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tradeweb Markets Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $262.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Viking Therapeutics Inc                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-1656.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Viking Therapeutics Inc                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        18 | NC      | $1053.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-615.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-9120.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-380.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WD-40 Co                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-205.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Western Union Co/The                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -53 | NC      | $-530.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | XSP US 08/29/25 C653                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -16 | NC      | $-8.00        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | XSP US 08/29/25 C656                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        16 | NC      | $8.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Zoetis Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -47 | NC      | $-9870.00     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NMI Holdings Inc               | NMI Holdings Inc                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      1221 | NS      | $48046.35     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4771 | NS      | $1078866.23   | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      5046 | NS      | $703689.93    | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc               | PJT Partners Inc                           | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |       359 | NS      | $64261.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4762 | NS      | $747824.48    | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc      | Prosperity Bancshares Inc                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1448 | NS      | $100100.24    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold Inc                             | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      1062 | NS      | $190713.96    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc     | ServisFirst Bancshares Inc                 | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       777 | NS      | $68492.55     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc               | SPS Commerce Inc                           | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |       603 | NS      | $66510.90     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      4522 | NS      | $519894.34    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                  | Tempus AI Inc                              | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |      1235 | NS      | $93687.10     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp             | TFS Financial Corp                         | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       814 | NS      | $11444.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      8646 | NS      | $533976.96    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc           | Tradeweb Markets Inc                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1920 | NS      | $236851.20    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV       | United Bankshares Inc/WV                   | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      2175 | NS      | $83389.50     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc        | Viking Therapeutics Inc                    | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |      1805 | NS      | $48825.25     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2163 | NS      | $760900.14    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                       | WD-40 Co                                   | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |       220 | NS      | $47528.80     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The           | Western Union Co/The                       | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |      5347 | NS      | $46358.49     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      4742 | NS      | $741648.80    | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer