# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-003724
**Filing Date:** 2025-9
**Character Count:** 12819
**Document Hash:** 46eecc66faa44a84a8b021e684d0f88b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003724.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002000324-25-003724

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**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:** 251350373

**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

### FIRE Funds(TM) Wealth Builder ETF (Series ID: S000088499)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000254786 | FIRE Funds(TM) Wealth Builder ETF | FIRS            |

## Nport-Ex

---

| |
|:---|
| **FIRE™ Funds Wealth Builder ETF** |
| **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 98.3%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Academy Veteran Impact ETF | 14080 | $278347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambria Chesapeake Pure Trend ETF | 14400 | 211470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambria Micro and SmallCap Shareholder Yield ETF | 4360 | 102998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambria Tail Risk ETF | 14040 | 166093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carbon Collective Short Duration Green Bond ETF | 19542 | 398364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fundstrat Granny Shots US Large Cap ETF<sup>(a)</sup> | 10369 | 243464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gotham 1000 Value ETF | 8000 | 192174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grizzle Growth ETF | 3680 | 138755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco Taxable Municipal Bond | 5960 | 157582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Aggregate Bond ETF | 19720 | 398837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Short-Term Strategic Income ETF | 19520 | 401136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nicholas Fixed Income Alternative ETF | 6281 | 113780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential REIT ETF | 10200 | 176868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sofi Select 500 ETF | 4040 | 493850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR Gold MiniShares Trust<sup>(a)</sup> | 5192 | 338259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STKd 100% Bitcoin & 100% Gold ETF | 10960 | 420247 |
|  |  | 4232224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $3,999,919)** |  | 4232224 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**MONEY MARKET FUND - 1.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 4.214%<sup>(b)</sup> | 71019 | 71019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL MONEY MARKET FUND (Cost $71,019)** |  | 71019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 100.0% (Cost $4,070,938)** |  | $4303243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.0%<sup>(c)</sup> |  | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $4303472 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets.

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized
 effective yield as of July 31, 2025.

(c) Does not round to 0.1% or (0.1)%, as applicable.

The accompanying notes are an integral part of these financial statements.

## 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:** Fire Funds Wealth Builder ETF

- **b. EDGAR series identifier (if any):** S000088499

- **c. LEI of Series:** 2549000O2U41F84PC176

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4303471.73

**Net Assets:** $4303471.73

**Cash Not Reported:** $4607.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254786 | 2.57%                | 2.65%                | 1.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $82342.89                                  |
| Month 2  | $0.00                    | $94148.54                                  |
| Month 3  | $0.00                    | $37643.94                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Veteran Impact ETF                      | Academy Veteran Impact ETF                       | CUSIP: 886364389<br>LEI: N/A                  | Long             | EC               | RF                | US        |     14080 | NS      | $278347.52    | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Chesapeake Pure Trend                   | Cambria Chesapeake Pure Trend ETF                | CUSIP: 88636J337<br>LEI: 254900UC89DOMGNFZH93 | Long             | EC               | RF                | US        |     14400 | NS      | $211469.76    | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Micro and SmallCap Sha                  | Cambria Micro and SmallCap Shareholder Yield ETF | CUSIP: 132061797<br>LEI: 254900BVR74GT40DHD80 | Long             | EC               | RF                | US        |      4360 | NS      | $102997.59    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Tail Risk ETF                           | Cambria Tail Risk ETF                            | CUSIP: 132061862<br>LEI: N/A                  | Long             | EC               | RF                | US        |     14040 | NS      | $166093.20    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Carbon Collective Short Duration Green Bond ETF | Carbon Collective Short Duration Green Bond ETF  | CUSIP: 88636J535<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19542 | NS      | $398363.67    | 9.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                  | First American Government Obligations Fund       | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     66412 | NS      | $66411.87     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fundstrat Granny Shots US Large Cap ETF         | Fundstrat Granny Shots US Large Cap ETF          | CUSIP: 886364231<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10369 | NS      | $243464.12    | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gotham 1000 Value ETF                           | Gotham 1000 Value ETF                            | CUSIP: 886364520<br>LEI: N/A                  | Long             | EC               | RF                | US        |      8000 | NS      | $192174.40    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Grizzle Growth ETF                              | Grizzle Growth ETF                               | CUSIP: 88636J857<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3680 | NS      | $138754.77    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Taxable Municipal Bond                  | Invesco Taxable Municipal Bond                   | CUSIP: 46138G805<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5960 | NS      | $157582.40    | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Aggregate Bond ETF                      | Madison Aggregate Bond ETF                       | CUSIP: 557441300<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19720 | NS      | $398837.00    | 9.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Short-Term Strategic Income ETF         | Madison Short-Term Strategic Income ETF          | CUSIP: 557441201<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19520 | NS      | $401136.00    | 9.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicholas Fixed Income Alternative ETF           | Nicholas Fixed Income Alternative ETF            | CUSIP: 88634T535<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6281 | NS      | $113780.32    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Residential REIT ETF                            | Residential REIT ETF                             | CUSIP: 886364587<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10200 | NS      | $176868.00    | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofi Select 500 ETF                             | Sofi Select 500 ETF                              | CUSIP: 886364173<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4040 | NS      | $493849.60    | 11.48%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                      | SPDR Gold MiniShares Trust                       | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |      5192 | NS      | $338258.80    | 7.86%             |  |  |  | No            |                  1 | On Loan: No      |
| STKd 100% Bitcoin & 100% Gold ETF               | STKd 100% Bitcoin & 100% Gold ETF                | CUSIP: 88636R834<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10960 | NS      | $420246.95    | 9.77%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer