# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-004783
**Filing Date:** 2025-12
**Character Count:** 32434
**Document Hash:** 713ac6265f016b221ea0632982133afa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004783.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0002000324-25-004783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**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:** 251607634

**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**

**October 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.4%** | **Shares** | **Value** |
| **Banking - 8.3%** |  |  |
| ICICI Bank Ltd., ADR | 258654 | $7837216 |
| JPMorgan Chase & Co. | 39273 | 12218616 |
| Lloyds Banking Group PLC | 8518338 | 9969697 |
| Mitsubishi UFJ Financial Group, Inc. | 603025 | 9120433 |
| Oversea-Chinese Banking Corp. Ltd. | 739501 | 9676670 |
| Svenska Handelsbanken AB - Class A | 405982 | 5333258 |
| Swedbank AB - Class A | 270428 | 8233204 |
|  |  | 62389094 |
| **Consumer Discretionary Products - 0.8%** |  |  |
| Denso Corp. | 414427 | 5814702 |
| **Consumer Staple Products - 1.1%** |  |  |
| Haleon PLC, ADR | 863932 | 8008650 |
| **Financial Services - 6.4%** |  |  |
| AerCap Holdings NV | 101359 | 13200996 |
| American Express Co. | 32058 | 11564282 |
| Intercontinental Exchange, Inc. | 64775 | 9475935 |
| Visa, Inc. - Class A | 40493 | 13797585 |
|  |  | 48038798 |
| **Health Care - 5.4%** |  |  |
| Becton Dickinson & Co. | 37600 | 6719496 |
| Eli Lilly & Co. | 10987 | 9480243 |
| Intuitive Surgical, Inc.<sup>(a)</sup> | 10535 | 5628640 |
| IQVIA Holdings, Inc.<sup>(a)</sup> | 33802 | 7316781 |
| Lonza Group AG | 7251 | 5005922 |
| Roche Holding AG | 18514 | 5971068 |
|  |  | 40122150 |
| **Industrial Products - 10.4%** |  |  |
| Atlas Copco AB - Class A | 407728 | 6878866 |
| Boeing Co. <sup>(a)</sup> | 47624 | 9573376 |
| Carrier Global Corp. | 75484 | 4490543 |
| Epiroc AB - Class A | 232938 | 4937280 |
| GE Aerospace | 55712 | 17212222 |
| GE Vernova, Inc. | 14167 | 8289678 |
| Hitachi Ltd. | 249408 | 8609599 |
| Keysight Technologies, Inc.<sup>(a)</sup> | 35782 | 6546675 |
| Schneider Electric SE | 18525 | 5262007 |
| Siemens AG | 20883 | 5918537 |
|  |  | 77718783 |
| **Industrial Services - 3.3%** |  |  |
| RELX PLC | 168803 | 7445234 |
| Rentokil Initial PLC | 1515563 | 8397006 |
| Republic Services, Inc. - Class A | 42785 | 8909549 |
|  |  | 24751789 |

---

---

| | | |
|:---|:---|:---|
| **Insurance - 6.2%** |  |  |
| AIA Group Ltd. | 1245277.0 | 12088746 |
| Allstate Corp. | 57729.0 | 11056258 |
| Reinsurance Group of America, Inc. | 75839.0 | 13837584 |
| Willis Towers Watson PLC | 29148.0 | 9126239 |
|  |  | 46108827 |
| **Materials - 3.9%** |  |  |
| Air Liquide SA | 58679.0 | 11372781 |
| Cie de Saint-Gobain SA | 58554.0 | 5681036 |
| Heidelberg Materials AG | 34010.0 | 7972566 |
| Shin-Etsu Chemical Co. Ltd. | 132849.0 | 4014229 |
|  |  | 29040612 |
| **Media - 11.1%** |  |  |
| Alphabet, Inc. - Class A | 138307.0 | 38890545 |
| Meta Platforms, Inc. - Class A | 37205.0 | 24121862 |
| Tencent Holdings Ltd., ADR | 159020.0 | 12939457 |
| Uber Technologies, Inc.<sup>(a)</sup> | 76883.0 | 7419210 |
|  |  | 83371074 |
| **Oil & Gas - 5.0%** |  |  |
| Kinder Morgan, Inc. | 414643.0 | 10859500 |
| Shell PLC, ADR | 242762.0 | 18187729 |
| TotalEnergies SE, ADR | 131187.0 | 8165079 |
|  |  | 37212308 |
| **Retail & Wholesale - Discretionary - 7.5%** |  |  |
| Alibaba Group Holding Ltd., ADR | 71450.0 | 12177224 |
| Amazon.com, Inc.<sup>(a)</sup> | 120696.0 | 29476377 |
| AutoZone, Inc.<sup>(a)</sup> | 2517.0 | 9248540 |
| MercadoLibre, Inc.<sup>(a)</sup> | 2220.0 | 5166517 |
|  |  | 56068658 |
| **Retail & Wholesale - Staples - 0.6%** |  |  |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 52524.0 | 4635768 |
| **Software & Tech Services - 7.8%** |  |  |
| Datadog, Inc. - Class A<sup>(a)</sup> | 39442.0 | 6421552 |
| Microsoft Corp. | 75037.0 | 38854909 |
| ServiceNow, Inc.<sup>(a)</sup> | 3987.0 | 3665170 |
| Shopify, Inc. - Class A<sup>(a)</sup> | 53570.0 | 9313680 |
|  |  | 58255311 |
| **Tech Hardware & Semiconductors - 18.3%** |  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 68574.0 | 17563173 |
| Apple, Inc. | 57343.0 | 15503827 |
| Applied Materials, Inc. | 54235.0 | 12642178 |
| ASML Holding NV | 6531.0 | 6917831 |
| Broadcom, Inc. | 22817.0 | 8433848 |
| Nintendo Co. Ltd. | 150636.0 | 12755487 |
| NVIDIA Corp. | 94916.0 | 19219541 |
| Samsung Electronics Co. Ltd. | 271394.0 | 20477175 |
| Sony Group Corp. | 424668.0 | 11941591 |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 39338.0 | 11818315 |
|  |  | 137272966 |
| **Telecommunications - 2.1%** |  |  |
| AT&T, Inc. | 124521.0 | 3081895 |
| KDDI Corp. | 328700.0 | 5251988 |
| KT Corp., ADR | 417745.0 | 7749170 |
|  |  | 16083053 |

---

---

| | | |
|:---|:---|:---|
| **Utilities - 1.2%** |  |  |
| CMS Energy Corp. | 118381.0 | 8706923 |
| **TOTAL COMMON STOCKS (Cost $435,336,908)** |  | 743599466 |
| **TOTAL INVESTMENTS - 99.4% (Cost $435,336,908)** |  | $743599466 |
| U.S. Bank Money Market Deposit Account (MMDA) - 0.5% |  | 3782231 |
| Other Assets in Excess of Liabilities - 0.1% |  | 671359 |
| **TOTAL NET ASSETS - 100.0%** |  | $748053056 |

---

Percentages are stated as a percent of net assets.

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| (a) | Non-income producing 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:** 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:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $748461112.19

**Total Liabilities:** $408201.98

**Net Assets:** $748052910.21

**Cash Not Reported:** $1895.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252323 | 1.52%                | 3.03%                | 2.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3667923.68              | $6438241.90                                |
| Month 2  | $3071393.84              | $18584955.61                               |
| Month 3  | $2746772.62              | $16536186.83                               |

**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        |     68574 | NS      | $17563172.88  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                     | AerCap Holdings NV                        | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | IE        |    101359 | NS      | $13200996.16  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                          | AIA Group Ltd                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   1245277 | NS      | $12088745.74  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                         | Air Liquide SA                            | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     58679 | NS      | $11372781.26  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                 | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |     71450 | NS      | $12177223.50  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                      | Allstate Corp/The                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     57729 | NS      | $11056258.08  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    138307 | NS      | $38890545.33  | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                         | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    120696 | NS      | $29476377.12  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                    | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     32058 | NS      | $11564282.34  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                              | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     57343 | NS      | $15503826.91  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                  | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     54235 | NS      | $12642178.50  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                        | ASML Holding NV                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6531 | NS      | $6917831.13   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T Inc                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    124521 | NS      | $3081894.75   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                         | Atlas Copco AB                            | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    407728 | NS      | $6878866.39   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                           | AutoZone Inc                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2517 | NS      | $9248540.31   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                  | Becton Dickinson & Co                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     37600 | NS      | $6719496.00   | 0.90%             |  |  |  | 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        |     52524 | NS      | $4635768.24   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                          | Boeing Co/The                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     47624 | NS      | $9573376.48   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                           | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     22817 | NS      | $8433847.71   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                    | Carrier Global Corp                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     75484 | NS      | $4490543.16   | 0.60%             |  |  |  | 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        |     58554 | NS      | $5681035.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    118381 | NS      | $8706922.55   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                            | Datadog Inc                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     39442 | NS      | $6421552.02   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                             | Denso Corp                                | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |    414427 | NS      | $5814702.28   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                         | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     10987 | NS      | $9480242.82   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                              | Epiroc AB                                 | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    232938 | NS      | $4937279.49   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                         | GE Vernova Inc                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     14167 | NS      | $8289678.38   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                    | General Electric Co                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     55712 | NS      | $17212222.40  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                             | Haleon PLC                                | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    863932 | NS      | $8008649.64   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                | Heidelberg Materials AG                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     34010 | NS      | $7972565.79   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                            | Hitachi Ltd                               | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |    249408 | NS      | $8609598.81   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                         | ICICI Bank Ltd                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    258654 | NS      | $7837216.20   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc          | Intercontinental Exchange Inc             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     64775 | NS      | $9475934.75   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                 | Intuitive Surgical Inc                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     10535 | NS      | $5628639.80   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                     | IQVIA Holdings Inc                        | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     33802 | NS      | $7316780.92   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     39273 | NS      | $12218615.76  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                              | KDDI Corp                                 | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    328700 | NS      | $5251988.25   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc              | Keysight Technologies Inc                 | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     35782 | NS      | $6546674.72   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                      | Kinder Morgan Inc                         | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    414643 | NS      | $10859500.17  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                | KT Corp                                   | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |    417745 | NS      | $7749169.75   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   8518338 | NS      | $9969696.62   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                         | Lonza Group AG                            | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      7251 | NS      | $5005922.39   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                       | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      2220 | NS      | $5166517.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     37205 | NS      | $24121861.75  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     75037 | NS      | $38854908.97  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group         | Mitsubishi UFJ Financial Group Inc        | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    603025 | NS      | $9120432.64   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                        | Nintendo Co Ltd                           | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    150636 | NS      | $12755487.46  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                            | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     94916 | NS      | $19219540.84  | 2.57%             |  |  |  | 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        |    739501 | NS      | $9676669.89   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I         | Reinsurance Group of America Inc          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     75839 | NS      | $13837583.94  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                               | RELX PLC                                  | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    168803 | NS      | $7445234.27   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                   | Rentokil Initial PLC                      | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   1515563 | NS      | $8397005.95   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                  | Republic Services Inc                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     42785 | NS      | $8909548.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     18514 | NS      | $5971067.70   | 0.80%             |  |  |  | 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      | $20477174.94  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                  | Schneider Electric SE                     | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     18525 | NS      | $5262006.58   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                         | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3987 | NS      | $3665169.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                                 | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    242762 | NS      | $18187729.04  | 2.43%             |  |  |  | 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        |    132849 | NS      | $4014229.30   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                            | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     53570 | NS      | $9313680.20   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                             | Siemens AG                                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     20883 | NS      | $5918537.22   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                        | Sony Group Corp                           | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    424668 | NS      | $11941590.83  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB               | Svenska Handelsbanken AB                  | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |    405982 | NS      | $5333258.40   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                            | Swedbank AB                               | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |    270428 | NS      | $8233204.32   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                   | Tencent Holdings Ltd                      | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    159020 | NS      | $12939457.40  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                       | TotalEnergies SE                          | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    131187 | NS      | $8165078.88   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                   | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     39338 | NS      | $11818315.34  | 1.58%             |  |  |  | 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        |   3782231 | NS      | $3782231.49   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                  | Uber Technologies Inc                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     76883 | NS      | $7419209.50   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                               | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     40493 | NS      | $13797584.82  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC               | Willis Towers Watson PLC                  | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |     29148 | NS      | $9126238.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-29

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer