# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-003773
**Filing Date:** 2025-9
**Character Count:** 19143
**Document Hash:** 79863402e27058e677e8427aa4d1808f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003773.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0002000324-25-003773

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20250731

**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:** 251353869

**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

### Rockefeller U.S. Small-Mid Cap ETF (Series ID: S000086716)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000252324 | Rockefeller U.S. Small-Mid Cap ETF | RSMC            |

## 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:** Rockefeller U.S.Small-mid Cap ETF

- **b. EDGAR series identifier (if any):** S000086716

- **c. LEI of Series:** 254900HYDMSDX6E17709

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $736439103.73

**Total Liabilities:** $476918.10

**Net Assets:** $735962185.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252324 | 6.18%                | 2.73%                | -1.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2483563.89              | $40745105.37                               |
| Month 2  | $9658495.03              | $9827740.55                                |
| Month 3  | $11122096.31             | $-18635756.47                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                               | AAON Inc                                  | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176140 | NS      | $14707690.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED Inc                            | ABIOMED Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     68833 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| Agilysys Inc                           | Agilysys Inc                              | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |    174876 | NS      | $19949854.08  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie         | Applied Industrial Technologies Inc       | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     63170 | NS      | $17150655.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                       | Badger Meter Inc                          | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     76797 | NS      | $14496201.72  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/Th         | Baldwin Insurance Group Inc/The           | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    304408 | NS      | $11214390.72  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                          | BGC Group Inc                             | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |   1887095 | NS      | $17493370.65  | 2.38%             |  |  |  | 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        |    279751 | NS      | $29625630.90  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                       | Boise Cascade Co                          | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     89234 | NS      | $7478701.54   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                  | Camden Property Trust                     | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |    120647 | NS      | $13174652.40  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc              | Casella Waste Systems Inc                 | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     98986 | NS      | $10762747.78  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                            | Chemed Corp                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     24053 | NS      | $9917051.90   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                      | Clean Harbors Inc                         | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     60584 | NS      | $14286313.04  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                        | Core & Main Inc                           | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2216 | NS      | $141026.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                              | Crocs Inc                                 | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |    113433 | NS      | $11312673.09  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                    | CSW Industrials Inc                       | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     50875 | NS      | $13201045.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                    | Curtiss-Wright Corp                       | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     34248 | NS      | $16789054.56  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                 | FirstCash Holdings Inc                    | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220129 | NS      | $29340994.41  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure          | HA Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    639305 | NS      | $16602750.85  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                             | Impinj Inc                                | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |    124948 | NS      | $19314461.84  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                             | Korn Ferry                                | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    378168 | NS      | $26800766.16  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                   | Kyndryl Holdings Inc                      | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    373696 | NS      | $14114497.92  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc               | Manhattan Associates Inc                  | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     56532 | NS      | $12417819.12  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                            | Masimo Corp                               | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |    100479 | NS      | $15452665.41  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc              | Merit Medical Systems Inc                 | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    264961 | NS      | $22484590.46  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                 | Mueller Industries Inc                    | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    186670 | NS      | $15936017.90  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                           | Nordson Corp                              | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |     49257 | NS      | $10551341.97  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding         | Ollie's Bargain Outlet Holdings Inc       | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |    183278 | NS      | $25041273.14  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                    | Onto Innovation Inc                       | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    110858 | NS      | $10503795.50  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                       | PJT Partners Inc                          | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |    135861 | NS      | $24267491.82  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                        | Q2 Holdings Inc                           | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    243543 | NS      | $19775691.60  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                             | RadNet Inc                                | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    484993 | NS      | $26543666.89  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                      | Ralph Lauren Corp                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     30942 | NS      | $9243922.50   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                       | RBC Bearings Inc                          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40016 | NS      | $15499797.44  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                     | SEI Investments Co                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     82789 | NS      | $7295366.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                               | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    631501 | NS      | $20081731.80  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                    | StepStone Group Inc                       | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136553 | NS      | $8105786.08   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc            | Sterling Infrastructure Inc               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     63781 | NS      | $17067157.79  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                       | StoneX Group Inc                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |    308901 | NS      | $30037533.24  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                             | Stride Inc                                | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    216942 | NS      | $27818472.66  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                         | TD SYNNEX Corp                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    107794 | NS      | $15564375.66  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                         | Tetra Tech Inc                            | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |    345635 | NS      | $12698629.90  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  20842271 | NS      | $20842271.44  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                       | UL Solutions Inc                          | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |    157966 | NS      | $11550473.92  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                             | Vertex Inc                                | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |    399312 | NS      | $13245179.04  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp               | Western Alliance Bancorp                  | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    212329 | NS      | $16468237.24  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer