# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004840
**Filing Date:** 2025-11
**Character Count:** 52096
**Document Hash:** 6e43caf1aee6494b558435f2ea021fa6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004840.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000910472-25-004840

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**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:** 251532960

**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 Enhanced Dividend Income ETF (Series ID: S000083429)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000247041 | Swan Enhanced Dividend Income ETF | SCLZ            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 101.1%** |  |
|  | **AEROSPACE & DEFENSE - 0.3%** |  |
| 273 | RTX Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $45681 |
|  | **AUTOMOTIVE - 2.8%** |  |
| 863 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 383793 |
|  | **BANKING - 4.9%** |  |
| 1574 | JPMorgan Chase & Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 496486 |
| 1963 | Wells Fargo & Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 164539 |
|  |  | &nbsp;&nbsp; 661025 |
|  | **BEVERAGES - 1.9%** |  |
| 3800 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 252016 |
|  | **BIOTECH & PHARMA - 8.2%** |  |
| 1400 | AbbVie, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 324156 |
| 600 | Eli Lilly & Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 457800 |
| 1800 | Johnson & Johnson<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 333756 |
|  |  | &nbsp;&nbsp; 1115712 |
|  | **CHEMICALS - 1.9%** |  |
| 448 | Corteva, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30298 |
| 158 | Ecolab, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 43270 |
| 289 | Linde PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 137275 |
| 146 | Sherwin-Williams Company (The) | &nbsp;&nbsp;&nbsp; 50554 |
|  |  | &nbsp;&nbsp; 261397 |
|  | **DATA CENTER REIT - 0.7%** |  |
| 116 | Equinix, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 90856 |
|  | **DIVERSIFIED INDUSTRIALS - 3.5%** |  |
| 1087 | General Electric Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 326991 |
| 721 | Honeywell International, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 151771 |
|  |  | &nbsp;&nbsp; 478762 |
|  | **E-COMMERCE DISCRETIONARY - 4.3%** |  |
| 2687 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 589985 |

---

---

| | | |
|:---|:---|:---|
| **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 101.1% (Continued)** |  |
|  | **ELECTRIC UTILITIES - 2.5%** |  |
| 669 | American Electric Power Company, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $75263 |
| 342 | Constellation Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 112542 |
| 1186 | Duke Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 146767 |
|  |  | &nbsp;&nbsp; 334572 |
|  | **HEALTH CARE REIT - 0.9%** |  |
| 654 | Welltower, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 116504 |
|  | **INSURANCE - 4.3%** |  |
| 974 | Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 489669 |
| 397 | Progressive Corporation (The) <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 98039 |
|  |  | &nbsp;&nbsp; 587708 |
|  | **INTERNET MEDIA & SERVICES - 11.4%** |  |
| 2237 | Alphabet, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 543815 |
| 901 | Meta Platforms, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 661677 |
| 135 | Netflix, Inc. | &nbsp;&nbsp;&nbsp; 161854 |
| 1892 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185359 |
|  |  | &nbsp;&nbsp; 1552705 |
|  | **LEISURE FACILITIES & SERVICES - 0.6%** |  |
| 272 | McDonald's Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 82658 |
|  | **MACHINERY - 1.0%** |  |
| 292 | Deere & Company | &nbsp;&nbsp;&nbsp; 133520 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.3%** |  |
| 1300 | Abbott Laboratories<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 174122 |
|  | **OIL & GAS PRODUCERS - 3.0%** |  |
| 700 | Chevron Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 108703 |
| 2100 | Exxon Mobil Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 236775 |
| 300 | ONEOK, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21891 |
| 600 | Williams Companies, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 38010 |
|  |  | &nbsp;&nbsp; 405379 |

---

---

| | | |
|:---|:---|:---|
| **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 101.1% (Continued)** |  |
|  | **REAL ESTATE SERVICES - 0.2%** |  |
| 151 | CBRE Group, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $23792 |
|  | **RETAIL - CONSUMER STAPLES - 2.2%** |  |
| 2900 | Walmart, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 298874 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 428 | Home Depot, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173421 |
| 235 | Lowe's Companies, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 59058 |
| 376 | TJX Companies, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 54347 |
|  |  | &nbsp;&nbsp; 286826 |
|  | **RETAIL REIT - 0.4%** |  |
| 955 | Realty Income Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 58054 |
|  | **SEMICONDUCTORS - 11.7%** |  |
| 1070 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 173115 |
| 1738 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 573384 |
| 4500 | NVIDIA Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 839610 |
|  |  | &nbsp;&nbsp; 1586109 |
|  | **SOFTWARE - 12.1%** |  |
| 149 | Intuit, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 101754 |
| 1600 | Microsoft Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 828719 |
| 1092 | Oracle Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 307114 |
| 1694 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 309019 |
| 111 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 102151 |
|  |  | &nbsp;&nbsp; 1648757 |
|  | **TECHNOLOGY HARDWARE - 8.7%** |  |
| 3600 | Apple, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 916668 |
| 3904 | Cisco Systems, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 267112 |
|  |  | &nbsp;&nbsp; 1183780 |
|  | **TECHNOLOGY SERVICES - 8.4%** |  |
| 498 | Automatic Data Processing, Inc. <sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 146163 |
| 1247 | International Business Machines Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 351854 |
| 506 | Mastercard, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 287818 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 101.1% (Continued)** | **COMMON STOCKS — 101.1% (Continued)** |  |  |  |
|  | **TECHNOLOGY SERVICES - 8.4% (Continued)** | **TECHNOLOGY SERVICES - 8.4% (Continued)** |  |  |  |
| 1022 | Visa, Inc., Class A<sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; $348890 |
|  |  |  |  |  | &nbsp;&nbsp; 1134725 |
|  | **TOBACCO & CANNABIS - 1.8%** | **TOBACCO & CANNABIS - 1.8%** |  |  |  |
| 1100 | Altria Group, Inc. <sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 72666 |
| 1100 | Philip Morris International, Inc. <sup>(a)</sup> |  |  |  | &nbsp;&nbsp;&nbsp; 178420 |
|  |  |  |  |  | &nbsp;&nbsp; 251086 |
|  | **TOTAL COMMON STOCKS (Cost $12,506,959)** | **TOTAL COMMON STOCKS (Cost $12,506,959)** |  |  | &nbsp;&nbsp; 13738398 |
|  | **TOTAL INVESTMENTS - 101.1% (Cost $12,506,959)** | **TOTAL INVESTMENTS - 101.1% (Cost $12,506,959)** |  |  | &nbsp;&nbsp;&nbsp; $13738398 |
|  | **CALL OPTIONS WRITTEN - (2.9)% (Premiums received - $390,863)** | **CALL OPTIONS WRITTEN - (2.9)% (Premiums received - $390,863)** |  |  | &nbsp;&nbsp;&nbsp; (388144) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.8%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.8%** |  |  | &nbsp;&nbsp; 238398 |
|  | **NET ASSETS - 100.0%** |  |  |  | &nbsp;&nbsp; $13588652 |
| **Contracts<sup>(b)</sup>** |  |  |  |  |  |
|  | **WRITTEN EQUITY OPTIONS - (2.9)%** | **Expiration Date** | **Exercise Price** | **Notional Value** |  |
|  | **CALL OPTIONS WRITTEN - (2.9)%** | **CALL OPTIONS WRITTEN - (2.9)%** |  |  |  |
| 13 | Abbott Laboratories | 11/21/2025 | $135.00 | &nbsp;&nbsp;&nbsp; $174122 | &nbsp;&nbsp;&nbsp; $5773 |
| 14 | AbbVie, Inc. | 11/21/2025 | 230.00 | &nbsp;&nbsp;&nbsp; 324156 | &nbsp;&nbsp;&nbsp; 12502 |
| 10 | Advanced Micro Devices, Inc. | 11/21/2025 | 170.00 | &nbsp;&nbsp;&nbsp; 161790 | &nbsp;&nbsp;&nbsp; 9697 |
| 22 | Alphabet, Inc. | 10/17/2025 | 255.00 | &nbsp;&nbsp;&nbsp; 534820 | &nbsp;&nbsp;&nbsp; 5315 |
| 11 | Altria Group, Inc. | 12/19/2025 | 70.00 | &nbsp;&nbsp;&nbsp; 72666 | &nbsp;&nbsp;&nbsp; 1341 |
| 26 | Amazon.com, Inc. | 11/21/2025 | 250.00 | &nbsp;&nbsp;&nbsp; 570882 | &nbsp;&nbsp;&nbsp; 7362 |
| 6 | American Electric Power Company, Inc. | 01/16/2026 | 115.00 | &nbsp;&nbsp;&nbsp; 67500 | &nbsp;&nbsp;&nbsp; 1907 |
| 36 | Apple, Inc. | 11/21/2025 | 255.00 | &nbsp;&nbsp;&nbsp; 916668 | &nbsp;&nbsp;&nbsp; 36430 |
| 4 | Automatic Data Processing, Inc. | 11/21/2025 | 310.00 | &nbsp;&nbsp;&nbsp; 117400 | &nbsp;&nbsp;&nbsp; 1579 |
| 9 | Berkshire Hathaway, Inc. | 12/19/2025 | 510.00 | &nbsp;&nbsp;&nbsp; 452466 | &nbsp;&nbsp;&nbsp; 13603 |
| 1 | CBRE Group, Inc. | 11/21/2025 | 170.00 | &nbsp;&nbsp;&nbsp; 15756 | &nbsp;&nbsp;&nbsp; 235 |
| 7 | Chevron Corporation | 11/21/2025 | 170.00 | &nbsp;&nbsp;&nbsp; 108703 | &nbsp;&nbsp;&nbsp; 665 |
| 39 | Cisco Systems, Inc. | 11/21/2025 | 75.00 | &nbsp;&nbsp;&nbsp; 266838 | &nbsp;&nbsp;&nbsp; 3032 |
| 3 | Constellation Energy Corporation | 11/21/2025 | 340.00 | &nbsp;&nbsp;&nbsp; 98721 | &nbsp;&nbsp;&nbsp; 6075 |
| 4 | Corteva, Inc. | 11/21/2025 | 80.00 | &nbsp;&nbsp;&nbsp; 27052 | &nbsp;&nbsp;&nbsp; 128 |
| 11 | Duke Energy Corporation | 01/16/2026 | 130.00 | &nbsp;&nbsp;&nbsp; 136125 | &nbsp;&nbsp;&nbsp; 2090 |
| 1 | Ecolab, Inc. | 12/19/2025 | 300.00 | &nbsp;&nbsp;&nbsp; 27386 | &nbsp;&nbsp;&nbsp; 274 |
| 6 | Eli Lilly & Company | 11/21/2025 | 750.00 | &nbsp;&nbsp;&nbsp; 457800 | &nbsp;&nbsp;&nbsp; 31191 |
| 1 | Equinix, Inc. | 11/21/2025 | 850.00 | &nbsp;&nbsp;&nbsp; 78324 | &nbsp;&nbsp;&nbsp; 1157 |
| 21 | Exxon Mobil Corporation | 11/21/2025 | 115.00 | &nbsp;&nbsp;&nbsp; 236775 | &nbsp;&nbsp;&nbsp; 5878 |
| 10 | General Electric Company | 11/21/2025 | 280.00 | &nbsp;&nbsp;&nbsp; 300820 | &nbsp;&nbsp;&nbsp; 29481 |
| 4 | Home Depot, Inc. (The) | 11/21/2025 | 450.00 | &nbsp;&nbsp;&nbsp; 162076 | &nbsp;&nbsp;&nbsp; 661 |
| 7 | Honeywell International, Inc. | 11/21/2025 | 230.00 | &nbsp;&nbsp;&nbsp; 147350 | &nbsp;&nbsp;&nbsp; 1127 |
| 12 | International Business Machines Corporation | 10/17/2025 | 287.50 | &nbsp;&nbsp;&nbsp; 338592 | &nbsp;&nbsp;&nbsp; 5805 |
| 1 | Intuit, Inc. | 11/21/2025 | 750.00 | &nbsp;&nbsp;&nbsp; 68291 | &nbsp;&nbsp;&nbsp; 961 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** | **SWAN ENHANCED DIVIDEND INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Contracts<sup>(b)</sup> (continued)** |  |  |  |  |  |
|  | **WRITTEN EQUITY OPTIONS - (2.9)%** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **CALL OPTIONS WRITTEN- (2.9)% (Continued)** | **CALL OPTIONS WRITTEN- (2.9)% (Continued)** |  |  |  |
| 18 | Johnson & Johnson | 11/21/2025 | $185.00 | &nbsp;&nbsp;&nbsp; $333756 | &nbsp;&nbsp;&nbsp; $10521 |
| 15 | JPMorgan Chase & Company | 10/17/2025 | 310.00 | &nbsp;&nbsp;&nbsp; 473145 | &nbsp;&nbsp;&nbsp; 16081 |
| 2 | Linde plc | 11/21/2025 | 510.00 | &nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp; 740 |
| 2 | Lowe's Companies, Inc. | 01/16/2026 | 290.00 | &nbsp;&nbsp;&nbsp; 50262 | &nbsp;&nbsp;&nbsp; 408 |
| 5 | Mastercard, Inc. | 11/21/2025 | 625.00 | &nbsp;&nbsp;&nbsp; 284405 | &nbsp;&nbsp;&nbsp; 1905 |
| 2 | McDonald's Corporation | 11/21/2025 | 330.00 | &nbsp;&nbsp;&nbsp; 60778 | &nbsp;&nbsp;&nbsp; 338 |
| 9 | Meta Platforms, Inc. | 11/21/2025 | 840.00 | &nbsp;&nbsp;&nbsp; 660942 | &nbsp;&nbsp;&nbsp; 9153 |
| 16 | Microsoft Corporation | 11/21/2025 | 540.00 | &nbsp;&nbsp;&nbsp; 828720 | &nbsp;&nbsp;&nbsp; 18385 |
| 45 | NVIDIA Corporation | 11/21/2025 | 190.00 | &nbsp;&nbsp;&nbsp; 839610 | &nbsp;&nbsp;&nbsp; 49182 |
| 3 | ONEOK, Inc. | 01/16/2026 | 77.50 | &nbsp;&nbsp;&nbsp; 21891 | &nbsp;&nbsp;&nbsp; 824 |
| 10 | Oracle Corporation | 10/17/2025 | 290.00 | &nbsp;&nbsp;&nbsp; 281240 | &nbsp;&nbsp;&nbsp; 9853 |
| 16 | Palantir Technologies, Inc. | 10/17/2025 | 185.00 | &nbsp;&nbsp;&nbsp; 291872 | &nbsp;&nbsp;&nbsp; 10971 |
| 11 | Philip Morris International, Inc. | 11/21/2025 | 180.00 | &nbsp;&nbsp;&nbsp; 178420 | &nbsp;&nbsp;&nbsp; 1836 |
| 3 | Progressive Corporation (The) | 11/21/2025 | 260.00 | &nbsp;&nbsp;&nbsp; 74085 | &nbsp;&nbsp;&nbsp; 1376 |
| 9 | Realty Income Corporation | 12/19/2025 | 62.50 | &nbsp;&nbsp;&nbsp; 54711 | &nbsp;&nbsp;&nbsp; 804 |
| 2 | RTX Corporation | 11/21/2025 | 170.00 | &nbsp;&nbsp;&nbsp; 33466 | &nbsp;&nbsp;&nbsp; 1108 |
| 1 | ServiceNow, Inc. | 11/21/2025 | 1000.00 | &nbsp;&nbsp;&nbsp; 92028 | &nbsp;&nbsp;&nbsp; 2720 |
| 8 | Tesla, Inc. | 10/17/2025 | 400.00 | &nbsp;&nbsp;&nbsp; 355776 | &nbsp;&nbsp;&nbsp; 40759 |
| 3 | TJX Companies, Inc. (The) | 01/16/2026 | 150.00 | &nbsp;&nbsp;&nbsp; 43362 | &nbsp;&nbsp;&nbsp; 1290 |
| 18 | Uber Technologies, Inc. | 11/21/2025 | 100.00 | &nbsp;&nbsp;&nbsp; 176346 | &nbsp;&nbsp;&nbsp; 9651 |
| 10 | Visa, Inc. | 12/19/2025 | 370.00 | &nbsp;&nbsp;&nbsp; 341380 | &nbsp;&nbsp;&nbsp; 5181 |
| 29 | Walmart, Inc. | 11/21/2025 | 110.00 | &nbsp;&nbsp;&nbsp; 298874 | &nbsp;&nbsp;&nbsp; 4287 |
| 19 | Wells Fargo & Company | 10/17/2025 | 90.00 | &nbsp;&nbsp;&nbsp; 159258 | &nbsp;&nbsp;&nbsp; 983 |
| 6 | Welltower, Inc. | 01/16/2026 | 180.00 | &nbsp;&nbsp;&nbsp; 106884 | &nbsp;&nbsp;&nbsp; 4428 |
| 6 | Williams Companies, Inc. (The) | 11/21/2025 | 65.00 | &nbsp;&nbsp;&nbsp; 38010 | &nbsp;&nbsp;&nbsp; 1091 |
|  | **TOTAL EQUITY OPTIONS WRITTEN** (Premiums received - $390,863) | **TOTAL EQUITY OPTIONS WRITTEN** (Premiums received - $390,863) | **TOTAL EQUITY OPTIONS WRITTEN** (Premiums received - $390,863) |  | &nbsp;&nbsp; 388144 |

---

ETF - Exchange-Traded Fund <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

<sup>(a)</sup> All or a portion of the security is held as collateral for written options. As of September 30, 2025, the total value of securities held as collateral is $12,037,300.

<sup>(b)</sup> Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

## 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 Enhanced Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000083429

- **c. LEI of Series:** 5299001DE2UBOG6ZFJ48

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $13984145.75

**Total Liabilities:** $395493.29

**Net Assets:** $13588652.46

**Cash Not Reported:** $240778.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247041 | 1.24%                | 1.38%                | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-41774.26               | $341451.77                                 |
| Month 2  | $86744.42                | $122278.67                                 |
| Month 3  | $-41667.65               | $625721.88                                 |

**Designated Index Information**

- **Index Name:** CBOE S&P 500 Buywrite Index (Close Price)

- **Index Identifier:** BXM-USD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Corteva Inc                           | CORTEVA INC            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       448 | NS      | $30298.24     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                      | DUKE ENERGY CORP       | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1186 | NS      | $146767.50    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | LIN US 11/21/25 C510   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-740.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                    | ALTRIA GROUP INC       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1100 | NS      | $72666.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1574 | NS      | $496486.82    | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.            | CONSTELLATION EN       | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       342 | NS      | $112541.94    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                    | COCA-COLA CO/THE       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      3800 | NS      | $252016.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MA US 11/21/25 C625    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-1905.43     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | ECL US 12/19/25 C300   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-273.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | GOOGL US 10/17/25 C255 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -22 | NC      | $-5315.49     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | MSFT US 11/21/25 C540  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -16 | NC      | $-18385.22    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | AEP US 01/16/26 C115   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-1907.28     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | CBRE US 11/21/25 C170  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-235.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | V US 12/19/25 C370     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-5180.50     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Equinix, Inc.                         | EQUINIX INC            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       116 | NS      | $90855.84     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | JPM US 10/17/25 C310   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-16080.52    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | PLTR US 10/17/25 C185  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -16 | NC      | $-10970.52    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                 | UBER TECHNOLOGIE       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      1892 | NS      | $185359.24    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | LLY US 11/21/25 C750   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-31190.61    | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Intuit Inc                            | INTUIT INC             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       149 | NS      | $101753.59    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | BERKSHIRE HATH-B       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       974 | NS      | $489668.76    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation             | REALTY INCOME          | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       955 | NS      | $58054.45     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WELL US 01/16/26 C180  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-4428.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | META US 11/21/25 C840  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -9 | NC      | $-9153.00     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                         | NETFLIX INC            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       135 | NS      | $161854.20    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BRKB US 12/19/25 C510  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -9 | NC      | $-13602.88    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | ORCL US 10/17/25 C290  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-9853.09     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                          | BROADCOM INC           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1738 | NS      | $573383.58    | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | AMZN US 11/21/25 C250  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -26 | NC      | $-7361.82     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson                     | JOHNSON&JOHNSON        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1800 | NS      | $333756.00    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.       | AUTOMATIC DATA         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       498 | NS      | $146163.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | INTU US 11/21/25 C750  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-961.28      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MasterCard Incorporated               | MASTERCARD INC-A       | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       506 | NS      | $287817.86    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | TSLA US 10/17/25 C400  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-40759.94    | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | WMT US 11/21/25 C110   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -29 | NC      | $-4286.26     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | RTX US 11/21/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-1108.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | WMB US 11/21/25 C65    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-1090.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | LOW US 01/16/26 C290   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-408.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4500 | NS      | $839610.00    | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | GE US 11/21/25 C280    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-29480.52    | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | PGR US 11/21/25 C260   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-1375.81     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ecolab Inc.                           | ECOLAB INC             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       158 | NS      | $43269.88     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                 | LOWE'S COS INC         | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       235 | NS      | $59057.85     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                      | MCDONALDS CORP         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       272 | NS      | $82658.08     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | WELLS FARGO & CO       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      1963 | NS      | $164538.66    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                       | ELI LILLY & CO         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       600 | NS      | $457800.00    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | DUK US 01/16/26 C130   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -11 | NC      | $-2089.92     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | TJX US 01/16/26 C150   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-1289.53     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GE Aerospace                          | GENERAL ELECTRIC       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      1087 | NS      | $326991.34    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | MCD US 11/21/25 C330   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-338.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | MO US 12/19/25 C70     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -11 | NC      | $-1341.24     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | EQIX US 11/21/25 C850  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-1157.31     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | CTVA US 11/21/25 C80   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-128.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Walmart Inc                           | WALMART INC            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      2900 | NS      | $298874.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc             | PALANTIR TECHN-A       | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      1694 | NS      | $309019.48    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | OKE US 01/16/26 C77.5  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-823.68      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | AAPL US 11/21/25 C255  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -36 | NC      | $-36429.84    | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | AMD US 11/21/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-9696.83     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| The Progressive Corporation           | PROGRESSIVE CORP       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       397 | NS      | $98039.15     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | PM US 11/21/25 C180    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -11 | NC      | $-1836.37     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| International Business Machines Corp. | IBM                    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1247 | NS      | $351853.52    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | IBM US 10/17/25 C287.5 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -12 | NC      | $-5805.14     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company          | SHERWIN-WILLIAMS       | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       146 | NS      | $50553.96     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CVX US 11/21/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-664.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                   | CISCO SYSTEMS          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3904 | NS      | $267111.68    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                       | CBRE GROUP INC-A       | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       151 | NS      | $23791.56     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HD US 11/21/25 C450    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-660.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                             | TESLA INC              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       863 | NS      | $383793.36    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | EXXON MOBIL CORP       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2100 | NS      | $236775.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                             | LINDE PLC              | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       289 | NS      | $137275.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX CORP               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       273 | NS      | $45681.09     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)         | WILLIAMS COS INC       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       600 | NS      | $38010.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | APPLE INC              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3600 | NS      | $916668.00    | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ABBV US 11/21/25 C230  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -14 | NC      | $-12501.76    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Welltower OP LLC                      | WELLTOWER INC          | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |       654 | NS      | $116503.56    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | HOME DEPOT INC         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       428 | NS      | $173421.32    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | ADV MICRO DEVICE       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1070 | NS      | $173115.30    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | VISA INC-CLASS A       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1022 | NS      | $348890.36    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | ADP US 11/21/25 C310   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-1579.42     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Servicenow Inc                        | SERVICENOW INC         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       111 | NS      | $102151.08    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | NOW US 11/21/25 C1000  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-2720.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | JNJ US 11/21/25 C185   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -18 | NC      | $-10521.44    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                | TJX COS INC            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       376 | NS      | $54347.04     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.          | HONEYWELL INTL         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       721 | NS      | $151770.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CEG US 11/21/25 C340   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-6075.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | NVDA US 11/21/25 C190  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -45 | NC      | $-49181.88    | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | UBER US 11/21/25 C100  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -18 | NC      | $-9650.69     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Oneok Inc.                            | ONEOK INC              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       300 | NS      | $21891.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.      | PHILIP MORRIS IN       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1100 | NS      | $178420.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | CSCO US 11/21/25 C75   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -39 | NC      | $-3032.47     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | ABT US 11/21/25 C135   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -13 | NC      | $-5773.12     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | XOM US 11/21/25 C115   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -21 | NC      | $-5878.78     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc.                         | ALPHABET INC-A         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2237 | NS      | $543814.70    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                           | ABBVIE INC             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1400 | NS      | $324156.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | ABBOTT LABS            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1300 | NS      | $174122.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                          | ORACLE CORP            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1092 | NS      | $307114.08    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | HON US 11/21/25 C230   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-1127.26     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                   | O US 12/19/25 C62.5    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -9 | NC      | $-803.77      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                         | CHEVRON CORP           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       700 | NS      | $108703.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.      | AMERICAN ELECTRI       | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       669 | NS      | $75262.50     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                       | DEERE & CO             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       292 | NS      | $133519.92    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | MICROSOFT CORP         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1600 | NS      | $828720.00    | 6.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | WFC US 10/17/25 C90    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -19 | NC      | $-983.01      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       901 | NS      | $661676.38    | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | AMAZON.COM INC         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      2687 | NS      | $589984.59    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer