# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-003093
**Filing Date:** 2026-2
**Character Count:** 12051
**Document Hash:** d700229aeecc36c569ed9051a719d725
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003093.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003093

**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:** 26692980

**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 Fund (Series ID: S000037505)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000115777 | Swan Defined Risk Fund Class A Shares | SDRAX           |
| C000115778 | Swan Defined Risk Fund Class C Shares | SDRCX           |
| C000115779 | Swan Defined Risk Fund Class I Shares | SDRIX           |

## 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 Fund

- **b. EDGAR series identifier (if any):** S000037505

- **c. LEI of Series:** 549300A86W0U1NC10X11

**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:** $667275210.88

**Total Liabilities:** $35448641.85

**Net Assets:** $631826569.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000115777 | 2.09%                | -0.12%               | 0.01%                |
| Class ID C000115778 | 2.02%                | -0.13%               | -0.12%               |
| Class ID C000115779 | 2.06%                | -0.06%               | 0.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14414868.25             | $-803884.41                                |
| Month 2  | $2216425.40              | $-1966314.49                               |
| Month 3  | $17939684.89             | $-18150654.19                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust            | ISHARES-C S&P500       | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    560000 | NS      | $383566400.00 | 60.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS MATERIALS ETF       | CUSIP: 81369Y100<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     70422 | NS      | $3193637.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS HEALTH CARE         | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    114442 | NS      | $17715621.60  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS CONSUMER STPL       | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    111549 | NS      | $8665126.32   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS CONSUMER DISC       | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    156924 | NS      | $18738294.84  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS ENERGY SELECT       | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    115832 | NS      | $5178848.72   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS FINANCIAL SEL       | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    440480 | NS      | $24125089.60  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS INDUSTRIAL          | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     96578 | NS      | $14981179.36  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS TECH SEL SECT       | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    433006 | NS      | $62339873.82  | 9.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS COMM SLCT ETF       | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    149574 | NS      | $17607851.28  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS REAL ESTATE         | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     80407 | NS      | $3244422.46   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust | SS UTILITIES SEL       | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     95688 | NS      | $4084920.72   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                      | SPX US 02/20/26 P6300  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       869 | NC      | $2300750.79   | 0.36%             |  |  |  | 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       |     -1738 | NC      | $-5893176.99  | -0.93%            |  |  |  | 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       |       869 | NC      | $3821783.40   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | SPX US 12/17/27 P7250  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       433 | NC      | $29006210.29  | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                      | SPX US 12/17/27 P7350  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       400 | NC      | $28292000.00  | 4.48%             |  |  |  | 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       |       935 | 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       |      -935 | 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       |      -935 | 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       |       935 | 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       |       462 | 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       |       459 | 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       |      -924 | 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       |       462 | 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       |      -918 | 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       |       459 | 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