# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-003080
**Filing Date:** 2026-2
**Character Count:** 9785
**Document Hash:** 9b051916f138c9e154b912acb8473a6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003080.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003080

**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**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 26692966

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2621

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### Swan Defined Risk Growth Fund (Series ID: S000063531)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000205842 | Swan Defined Risk Growth Fund Class A Shares | SDAAX           |
| C000205843 | Swan Defined Risk Growth Fund Class C Shares | SDACX           |
| C000205844 | Swan Defined Risk Growth Fund Class I Shares | SDAIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST III

- **b. Investment Company Act file number:** 811-22655

- **c. CIK number of Registrant:** 0001537140

- **d. LEI of Registrant:** 549300PPUECJSQFBYV98

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Swan Defined Risk Growth Fund

- **b. EDGAR series identifier (if any):** S000063531

- **c. LEI of Series:** 5493006NNX4MJZUY5E83

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $54371131.80

**Total Liabilities:** $2803780.71

**Net Assets:** $51567351.09

**Cash Not Reported:** $242517.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205842 | 2.63%                | 0.45%                | -0.26%               |
| Class ID C000205843 | 2.49%                | 0.47%                | -0.40%               |
| Class ID C000205844 | 2.59%                | 0.50%                | -0.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1131030.00                                |
| Month 2  | $244043.20               | $-172048.20                                |
| Month 3  | $97895.20                | $-226379.40                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc. | FRST AM-GV OB-X        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    906189 | PA      | $906188.78    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust             | ISHARES-C S&P500       | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     67000 | NS      | $45890980.00  | 88.99%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 12/17/27 C7500  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        35 | NC      | $1833003.03   | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 12/17/27 C8500  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -35 | NC      | $-576526.28   | -1.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 02/20/26 P6300  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        68 | NC      | $180035.74    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 02/20/26 P6400  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -136 | NC      | $-461146.19   | -0.89%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 02/20/26 P6500  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        68 | NC      | $299057.85    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 12/17/27 P6900  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        31 | NC      | $1700195.00   | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 12/17/27 P7050  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        36 | NC      | $2148586.06   | 4.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P5100 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P5300 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -71 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P5700 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -71 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P5900 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P5920 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        36 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P6000 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        36 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P6050 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -72 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P6180 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        36 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P6250 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -72 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 12/31/25 P6500 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        36 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer