# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-004112
**Filing Date:** 2025-10
**Character Count:** 27885
**Document Hash:** 0439b45f06eee58e23f8723a166882c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004112.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002000324-25-004112

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251130

**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:** 251434697

**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 Artificial Intelligence Supercycle ETF (Series ID: S000087829)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000253837 | VistaShares Artificial Intelligence Supercycle ETF | AIS             |

## Nport-Ex

---

| |
|:---|
| **VistaShares Artificial Intelligence Supercycle ETF** |
| **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 99.8%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - 13.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Energy Industries, Inc. | 2629 | $393509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc. | 2878 | 1764128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legrand SA | 9831 | 1497077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co. - Class A | 13422 | 1711976 |
|  |  | 5366690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software & Tech Services - 8.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW Corp. | 848 | 139716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commvault Systems, Inc.<sup>(a)</sup> | 6747 | 1259294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc. - Class A<sup>(a)</sup> | 371 | 157193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kehua Data Co. Ltd. - Class A | 37623 | 304929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutanix, Inc. - Class A<sup>(a)</sup> | 17195 | 1155676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 1973 | 375896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zscaler, Inc.<sup>(a)</sup> | 742 | 205571 |
|  |  | 3598275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tech Hardware & Semiconductors - 74.4%<sup>(b)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc. | 10130 | 1647442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AP Memory Technology Corp. | 25784 | 260628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 7016 | 958035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARM Holdings PLC<sup>(a)</sup> | 5599 | 774398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASMedia Technology, Inc. | 2130 | 114968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Astera Labs, Inc.<sup>(a)</sup> | 5680 | 1034896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asustek Computer, Inc. | 47491 | 981838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celestica, Inc.<sup>(a)</sup> | 1007 | 196200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 4054 | 280091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corning, Inc. | 13975 | 936744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corsair Gaming, Inc.<sup>(a)</sup> | 28679 | 256103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell Technologies, Inc. - Class C | 1236 | 150977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Extreme Networks, Inc.<sup>(a)</sup> | 48031 | 1026903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foxconn Industrial Internet Co. Ltd. - Class A | 242300 | 1828609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GlobalFoundries, Inc.<sup>(a)</sup> | 27087 | 904435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise Co. | 9681 | 218500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hygon Information Technology Co. Ltd. - Class A | 19296 | 526229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IEIT Systems Co. Ltd. - Class A | 64800 | 610048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corp. | 56286 | 1370564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology, Inc. | 16917 | 1063487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 14425 | 1716719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Montage Technology Co. Ltd. - Class A<sup>(a)</sup> | 39340 | 677843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nanya Technology Corp. | 199612 | 306899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navitas Semiconductor Corp.<sup>(a)</sup> | 112899 | 661588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetApp, Inc. | 1219 | 137491 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nokia Oyj | 47821 | $205313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 11404 | 1986349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Penguin Solutions, Inc.<sup>(a)</sup> | 13468 | 324983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Inc. - Class A<sup>(a)</sup> | 5566 | 431977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Computer, Inc. | 38811 | 333270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings PLC | 4700 | 786780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silicon Motion Technology Corp. | 15223 | 1212969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix, Inc. | 9593 | 1856153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Super Micro Computer, Inc.<sup>(a)</sup> | 11187 | 464708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Co. Ltd. | 110464 | 185374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 7975 | 1841188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX Corp. | 2558 | 378763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transcend Information, Inc. | 75104 | 248140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vicor Corp. | 13653 | 697805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Digital Corp. | 4462 | 358477 |
|  |  | 29953884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextDC Ltd.<sup>(a)</sup> | 118592 | 1280708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $34,960,226)** |  | 40199557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.1%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 4.23%<sup>(c)</sup> | 24412 | 24412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $24,412)** |  | 24412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.9% (Cost $34,984,638)** |  | $40223969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.1% |  | 60132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $40284101 |

---

Percentages are stated as a percent of net assets.

ADR American Depositary Receipt <br> PLC Public Limited Company

(a) Non-income producing security.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(c) The rate shown represents the 7-day annualized effective yield as of August 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:** Vistashares Artificial Intelligence Supercycle ETF

- **b. EDGAR series identifier (if any):** S000087829

- **c. LEI of Series:** 254900QHIKELE6SQ4F04

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

- **a. Date of fiscal year-end:** 2025-11-30

- **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:** $40307287.99

**Total Liabilities:** $23187.06

**Net Assets:** $40284100.93

**Cash Not Reported:** $74483.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253837 | 15.26%               | 5.98%                | 2.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $89463.64                | $2229578.58                                |
| Month 2  | $-910.54                 | $1397208.64                                |
| Month 3  | $1929.90                 | $1030004.82                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Energy Industries Inc      | Advanced Energy Industries Inc             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2629 | NS      | $393508.72    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc          | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     10130 | NS      | $1647441.90   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Memory Technology Corp           | AP Memory Technology Corp                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25784 | NS      | $260627.62    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                 | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      7016 | NS      | $958034.80    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                    | ARM Holdings PLC                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      5599 | NS      | $774397.69    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMedia Technology Inc              | ASMedia Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2130 | NS      | $114967.53    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                     | Astera Labs Inc                            | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5680 | NS      | $1034896.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Asustek Computer Inc                | Asustek Computer Inc                       | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |     47491 | NS      | $981838.50    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                         | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       848 | NS      | $139716.48    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                       | Celestica Inc                              | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      1007 | NS      | $196199.79    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                   | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4054 | NS      | $280090.86    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc               | Commvault Systems Inc                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      6747 | NS      | $1259293.82   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                         | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     13975 | NS      | $936744.25    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                  | Corsair Gaming Inc                         | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |     28679 | NS      | $256103.47    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc            | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       371 | NS      | $157192.70    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc               | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      1236 | NS      | $150977.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                | Extreme Networks Inc                       | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     48031 | NS      | $1026902.78   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli      | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     24412 | NS      | $24411.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Foxconn Industrial Internet Co      | Foxconn Industrial Internet Co Ltd         | CUSIP: Y2620V100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    242300 | NS      | $1828608.74   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                      | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      2878 | NS      | $1764127.66   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                 | GLOBALFOUNDRIES Inc                        | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | US        |     27087 | NS      | $904434.93    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co       | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      9681 | NS      | $218500.17    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hygon Information Technology Co Ltd | Hygon Information Technology Co Ltd        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     19296 | NS      | $526228.72    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IEIT Systems Co Ltd                 | IEIT Systems Co Ltd                        | CUSIP: N/A<br>LEI: 3003002K6ZLEBRGRI729       | Long             | EC               | CORP              | CN        |     64800 | NS      | $610048.02    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                          | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     56286 | NS      | $1370564.10   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kehua Data Co Ltd                   | Kehua Data Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     37623 | NS      | $304929.46    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                          | Legrand SA                                 | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      9831 | NS      | $1497077.39   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc              | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16917 | NS      | $1063487.21   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc               | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     14425 | NS      | $1716719.25   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Technology Co Ltd           | Montage Technology Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     39340 | NS      | $677843.19    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nanya Technology Corp               | Nanya Technology Corp                      | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |    199612 | NS      | $306899.49    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Navitas Semiconductor Corp          | Navitas Semiconductor Corp                 | CUSIP: 63942X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112899 | NS      | $661588.14    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                          | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      1219 | NS      | $137491.01    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTDC Ltd                          | NEXTDC Ltd                                 | CUSIP: N/A<br>LEI: 529900RTERU3X7G3D672       | Long             | EC               | CORP              | AU        |    118592 | NS      | $1280707.91   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                           | Nokia Oyj                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FI        |     47821 | NS      | $205313.37    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                         | Nutanix Inc                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     17195 | NS      | $1155675.95   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                         | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     11404 | NS      | $1986348.72   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc              | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1973 | NS      | $375895.96    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc               | Penguin Solutions Inc                      | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     13468 | NS      | $324982.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                    | Pure Storage Inc                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      5566 | NS      | $431977.26    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer Inc                 | Quanta Computer Inc                        | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |     38811 | NS      | $333269.68    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL      | Seagate Technology Holdings PLC            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |      4700 | NS      | $786780.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp      | Silicon Motion Technology Corp             | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | TW        |     15223 | NS      | $1212968.64   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                        | SK Hynix Inc                               | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      9593 | NS      | $1856153.21   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc            | Super Micro Computer Inc                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     11187 | NS      | $464707.98    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Co Ltd         | Taiwan Semiconductor Co Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    110464 | NS      | $185374.42    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                      | TD SYNNEX Corp                             | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      2558 | NS      | $378763.06    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcend Information Inc           | Transcend Information Inc                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     75104 | NS      | $248139.62    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      7975 | NS      | $1841188.25   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                  | Vertiv Holdings Co                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     13422 | NS      | $1711976.10   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                          | Vicor Corp                                 | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     13653 | NS      | $697804.83    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      4462 | NS      | $358477.08    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                         | Zscaler Inc                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       742 | NS      | $205571.10    | 0.51%             |  |  |  | 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