# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004264
**Filing Date:** 2025-11
**Character Count:** 9101
**Document Hash:** 804d5b1cd01fb7580d47db0cacda437a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004264.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004264

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**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:** 251527072

**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

### The Teberg Fund (Series ID: S000043255)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000133836 | The Teberg Fund No-Load Class  | TEBRX           |
| C000248905 | The Teberg Fund Investor Class | ABSTX           |

## 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:** Teberg Fund

- **b. EDGAR series identifier (if any):** S000043255

- **c. LEI of Series:** 549300RVYFVVDBENB284

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $73556985.05

**Total Liabilities:** $303893.56

**Net Assets:** $73253091.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133836 | 1.25%                | 1.92%                | 4.71%                |
| Class ID C000248905 | 1.18%                | 1.87%                | 4.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $79611.18                | $750062.85                                 |
| Month 2  | $0.00                    | $1320583.14                                |
| Month 3  | $0.00                    | $3212650.26                                |

### Schedule of Portfolio Investments

| Name                         | Title            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust                | ISHARES SEMICOND | CUSIP: 464287523<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     23550 | NS      | $6384876.00   | 8.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal             | M/SECT FANG+ETN  | CUSIP: 06368B504<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      4000 | NS      | $279920.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                | ISHARES U.S. AER | CUSIP: 464288760<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      2500 | NS      | $523150.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust            | SPDR S&P REG BAN | CUSIP: 78464A698<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     23400 | NS      | $1481220.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills | B 10/02/25       | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5200000 | PA      | $5199421.14   | 7.10%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Trust                | ISHARES CORE DIV | CUSIP: 46435U861<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     19600 | NS      | $1024100.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds    | VANGUARD SHORT-T | CUSIP: 92206C102<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     17100 | NS      | $1006335.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust     | SPDR-FINL SELECT | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     41000 | NS      | $2208670.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                | ISHARES CORE S&P | CUSIP: 464287804<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     18999 | NS      | $2257651.17   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust            | SPDR-SP1500 VAL  | CUSIP: 78464A128<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      5200 | NS      | $1061430.76   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust       | SPDR S&P 500 ETF | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      9720 | NS      | $6475269.60   | 8.84%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                | ISHARES RUSSELL  | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8674 | NS      | $2098761.04   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust             | V/E SEMICONDUCT  | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     46684 | NS      | $15235790.24  | 20.80%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.    | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1638380 | PA      | $1638380.32   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.      | BERKSHIRE HATH-A | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         9 | NS      | $6787800.00   | 9.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Dow Jones Ind           | SPDR DJIA TRUST  | CUSIP: 78467X109<br>LEI: 54930039F2SG3UG2OZ18 | Long             | EC               | RF                | US        |     11400 | NS      | $5286636.00   | 7.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust, Series 1  | INVESCO QQQ TRUS | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     21400 | NS      | $12847918.00  | 17.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust     | SPDR-TECH SEL S  | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      5300 | NS      | $1493858.00   | 2.04%             |  |  |  | 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