# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-002226
**Filing Date:** 2025-6
**Character Count:** 36402
**Document Hash:** 74708363fc2e2231696f133c07747abe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002226.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0002000324-25-002226

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**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:** 251092755

**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 Global Equity ETF (Series ID: S000086715)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000252323 | Rockefeller Global Equity ETF | RGEF            |

## Nport-Ex

**Rockefeller Global Equity ETF**

**Schedule of Investments**

**April 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 99.6%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banking - 8.8%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICICI Bank Ltd. - ADR | 266761 | $8952499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 39423 | 9643654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lloyds Banking Group PLC | 8787011 | 8600748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc. | 618625 | 7821720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oversea-Chinese Banking Corp. Ltd. | 762901 | 9436204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Svenska Handelsbanken AB - Class A | 418769 | 5485952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swedbank AB - Class A | 278925 | 6937771 |
|  |  | 56878548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary Products - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denso Corp. | 430027 | 5569790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staple Products - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haleon PLC | 891144 | 9045112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 7.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Holdings NV | 104552 | 11082512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Co. | 32994 | 8789932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | 66803 | 11220900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | 41741 | 14421515 |
|  |  | 45514859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care - 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | 38770 | 8028879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 15986 | 14370615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 6433 | 3318141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IQVIA Holdings, Inc.<sup>(a)</sup> | 34816 | 5398917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lonza Group AG | 7407 | 5305458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roche Holding AG | 19060 | 6246253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 21066 | 8667395 |
|  |  | 51335658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - 9.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlas Copco AB - Class A | 354222 | 5503444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boeing Co.<sup>(a)</sup> | 49106 | 8998184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carrier Global Corp. | 77824 | 4867113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Epiroc AB<sup>(a)</sup> | 240265 | 5201436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc.<sup>(a)</sup> | 14557 | 5398027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric Co. | 57428 | 11574039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hitachi Ltd. | 185508 | 4575274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies, Inc.<sup>(a)</sup> | 36874 | 5361480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric SE | 19071 | 4426848 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens AG | 21507 | 4937295 |
|  |  | 60843140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Services - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RELX PLC | 174102 | 9457743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rentokil Initial PLC | 1563357 | 7154101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Inc. | 44111 | 11060833 |
|  |  | 27672677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Insurance - 7.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIA Group Ltd. | 1282987 | 9612434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. | 66991 | 13290345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinsurance Group of America, Inc. | 78179 | 14643708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Willis Towers Watson PLC | 30006 | 9235847 |
|  |  | 46782334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Materials - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Liquide SA | 60473 | 12412191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cie de Saint-Gobain SA | 60348 | 6551363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heidelberg Materials AG<sup>(a)</sup> | 35024 | 6937515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shin-Etsu Chemical Co. Ltd. | 140649 | 4269561 |
|  |  | 30170630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Media - 9.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | 142597 | 22644404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | 41175 | 22605075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings Ltd. - ADR | 164007 | 10014267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 91416 | 7405610 |
|  |  | 62669356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas - 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 427664 | 11247563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell PLC - ADR | 250401 | 16145856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies SE - ADR | 135316 | 7692715 |
|  |  | 35086134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Discretionary - 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd. | 56058 | 6695007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 124440 | 22949225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AutoZone, Inc.<sup>(a)</sup> | 3003 | 11299088 |
|  |  | 40943320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail & Wholesale - Staples - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 54162 | 6367285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software & Tech Services - 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Datadog, Inc. | 30663 | 3132532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 77377 | 30584033 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc. | 45624.0 | 4334280 |
|  |  | 38050845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tech Hardware & Semiconductors - 14.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc.<sup>(a)</sup> | 70680.0 | 6880698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 59137.0 | 12566612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 55873.0 | 8420620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV - NYRS | 6687.0 | 4467451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | 23519.0 | 4526702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nintendo Co. Ltd. | 168136.0 | 13944538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 97880.0 | 10661090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics Co. Ltd. | 271394.0 | 10596108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group Corp. | 440268.0 | 11639446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 40508.0 | 6752278 |
|  |  | 90455543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Telecommunications - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T, Inc. | 450854.0 | 12488656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KDDI Corp.<sup>(a)</sup> | 336500.0 | 5953153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KT Corp. - ADR | 430917.0 | 8385645 |
|  |  | 26827454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy Corp. | 122047.0 | 8988762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $447,733,219)** |  | 643201447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.6% (Cost $447,733,219)** |  | $643201447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Bank Money Market Deposit Account – 0.1%<sup>(b)</sup> |  | 823111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.3% |  | 1774920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $645799478 |

---

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ADR – American Depositary Receipt <br>AG – Aktiengesellschaft <br>NV – Naamloze Vennootschap <br>NYRS – New York Registered Shares <br>PLC – Public Limited Company <br>SA – Sociedad Anonima <br>SE – Societas Europeae |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of April 30, 2025 was 4.20%.

## 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 Global Equity ETF

- **b. EDGAR series identifier (if any):** S000086715

- **c. LEI of Series:** 254900U1W5W6W3FX0271

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $646837468.93

**Total Liabilities:** $1109128.77

**Net Assets:** $645728340.16

**Cash Not Reported:** $734233.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252323 | -0.65%               | -2.54%               | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14509023.51             | $-18876614.29                              |
| Month 2  | $2190236.52              | $-21099879.66                              |
| Month 3  | $21433966.44             | $-20148057.99                              |

**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 Micro Devices Inc             | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     70680 | NS      | $6880698.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                     | AerCap Holdings NV                        | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | IE        |    104552 | NS      | $11082512.00  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                          | AIA Group Ltd                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   1282987 | NS      | $9612434.36   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                         | Air Liquide SA                            | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     60473 | NS      | $12412191.52  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                 | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     56058 | NS      | $6695006.94   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                      | Allstate Corp/The                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     66991 | NS      | $13290344.49  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    142597 | NS      | $22644403.60  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                         | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    124440 | NS      | $22949224.80  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                    | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     32994 | NS      | $8789931.54   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                              | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     59137 | NS      | $12566612.50  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                  | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     55873 | NS      | $8420619.83   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                        | ASML Holding NV                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6687 | NS      | $4467450.96   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T Inc                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    450854 | NS      | $12488655.80  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                         | Atlas Copco AB                            | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    354222 | NS      | $5503443.97   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                           | AutoZone Inc                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      3003 | NS      | $11299087.80  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                  | Becton Dickinson & Co                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     38770 | NS      | $8028879.30   | 1.24%             |  |  |  | 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        |     54162 | NS      | $6367284.72   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                          | Boeing Co/The                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     49106 | NS      | $8998183.44   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                           | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     23519 | NS      | $4526701.93   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                    | Carrier Global Corp                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     77824 | NS      | $4867112.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                 | Cie de Saint-Gobain SA                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     60348 | NS      | $6551362.96   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    122047 | NS      | $8988761.55   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                            | Datadog Inc                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     30663 | NS      | $3132532.08   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                             | Denso Corp                                | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |    430027 | NS      | $5569790.26   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                         | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     15986 | NS      | $14370614.70  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                              | Epiroc AB                                 | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    240265 | NS      | $5201436.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                         | GE Vernova Inc                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     14557 | NS      | $5398026.74   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                    | General Electric Co                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     57428 | NS      | $11574039.12  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                             | Haleon PLC                                | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    891144 | NS      | $9045111.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                | Heidelberg Materials AG                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     35024 | NS      | $6937515.06   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                            | Hitachi Ltd                               | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |    185508 | NS      | $4575274.43   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                         | ICICI Bank Ltd                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    266761 | NS      | $8952499.16   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc          | Intercontinental Exchange Inc             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     66803 | NS      | $11220899.91  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                 | Intuitive Surgical Inc                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      6433 | NS      | $3318141.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                     | IQVIA Holdings Inc                        | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     34816 | NS      | $5398917.12   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     39423 | NS      | $9643654.26   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                              | KDDI Corp                                 | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    336500 | NS      | $5953153.04   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc              | Keysight Technologies Inc                 | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     36874 | NS      | $5361479.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                      | Kinder Morgan Inc                         | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    427664 | NS      | $11247563.20  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                | KT Corp                                   | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |    430917 | NS      | $8385644.82   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   8787011 | NS      | $8600747.54   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                         | Lonza Group AG                            | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      7407 | NS      | $5305458.11   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     41175 | NS      | $22605075.00  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     77377 | NS      | $30584033.02  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group         | Mitsubishi UFJ Financial Group Inc        | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    618625 | NS      | $7821720.33   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                        | Nintendo Co Ltd                           | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    168136 | NS      | $13944537.86  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                            | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     97880 | NS      | $10661089.60  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L         | Oversea-Chinese Banking Corp Ltd          | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    762901 | NS      | $9436203.68   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I         | Reinsurance Group of America Inc          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     78179 | NS      | $14643708.49  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                               | RELX PLC                                  | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    174102 | NS      | $9457742.85   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                   | Rentokil Initial PLC                      | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   1563357 | NS      | $7154101.38   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                  | Republic Services Inc                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     44111 | NS      | $11060833.25  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     19060 | NS      | $6246252.51   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd             | Samsung Electronics Co Ltd                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    271394 | NS      | $10596107.63  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                  | Schneider Electric SE                     | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     19071 | NS      | $4426848.02   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                                 | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    250401 | NS      | $16145856.48  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd              | Shin-Etsu Chemical Co Ltd                 | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |    140649 | NS      | $4269560.92   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                            | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     45624 | NS      | $4334280.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                             | Siemens AG                                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     21507 | NS      | $4937295.27   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                        | Sony Group Corp                           | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    440268 | NS      | $11639446.35  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB               | Svenska Handelsbanken AB                  | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |    418769 | NS      | $5485952.49   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                            | Swedbank AB                               | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    278925 | NS      | $6937771.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                   | Tencent Holdings Ltd                      | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    164007 | NS      | $10014267.42  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                       | TotalEnergies SE                          | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    135316 | NS      | $7692714.60   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                   | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     40508 | NS      | $6752278.52   | 1.05%             |  |  |  | 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        |    853587 | NS      | $853587.27    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                  | Uber Technologies Inc                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     91416 | NS      | $7405610.16   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     21066 | NS      | $8667395.04   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                               | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     41741 | NS      | $14421515.50  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC               | Willis Towers Watson PLC                  | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |     30006 | NS      | $9235846.80   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer