# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-002400
**Filing Date:** 2025-7
**Character Count:** 6247
**Document Hash:** a4f523e12ee28866d592b43a87e0c0aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002400.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0002000324-25-002400

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20250831

**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:** 251139751

**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

### GammaRoad Market Navigation ETF (Series ID: S000086669)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000252259 | GammaRoad Market Navigation ETF | GMMA            |

## Nport-Ex

---

| |
|:---|
| **GammaRoad Market Navigation ETF** |
| **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 99.9%** | **Shares** | **Value** |
| iShares Core S&P 500 ETF<sup>(a)</sup> | 2823 | $1671639 |
| SPDR Bloomberg 1-3 Month T-Bill ETF<sup>(a)</sup> | 36828 | 3378601 |
|  |  | 5050240 |
| **TOTAL EXCHANGE TRADED FUNDS (Cost $5,059,352)** |  | 5050240 |
| **SHORT-TERM INVESTMENTS - 0.2%** |  |  |
| **Money Market Funds - 0.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 4.22%<sup>(b)</sup> | 10467 | 10467 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $10,467)** |  | 10467 |
| **TOTAL INVESTMENTS - 100.1% (Cost $5,069,819)** |  | $5060707 |
| Liabilities in Excess of Other Assets - (0.1)% |  | (2745) |
| **TOTAL NET ASSETS - 100.0%** |  | $5057962 |

---

Percentages are stated as a percent of net assets.

(a) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

(b) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

## 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:** Gammaroad Market Navigation ETF

- **b. EDGAR series identifier (if any):** S000086669

- **c. LEI of Series:** 2549002I3TH35VJLUA82

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $5060797.66

**Total Liabilities:** $2835.77

**Net Assets:** $5057961.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252259 | -1.85%               | 0.25%                | -0.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-86590.15               | $2449.93                                   |
| Month 2  | $0.00                    | $659.20                                    |
| Month 3  | $-362.40                 | $-17206.59                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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 Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     10467 | NS      | $10467.14     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF       | iShares Core S&P 500 ETF                   | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |      2823 | NS      | $1671639.45   | 33.05%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg 1-3 Month T-Bil | SPDR Bloomberg 1-3 Month T-Bill ETF        | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |     36828 | NS      | $3378600.72   | 66.80%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer