# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-003114
**Filing Date:** 2026-2
**Character Count:** 13945
**Document Hash:** 8fae0d50658cdb87f67aa7b072683ed7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003114.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003114

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26693074

**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

### RESQ Dynamic Allocation Fund (Series ID: S000043340)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000134182 | RESQ Dynamic Allocation Class A Shares | RQEAX           |
| C000134183 | RESQ Dynamic Allocation Class I Shares | RQEIX           |
| C000145676 | RESQ Dynamic Allocation Class C Shares | RQECX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 63.6%** |  |
|  | **EQUITY - 63.6%** |  |
| 23000 | Bitwise Crypto Industry Innovators ETF<sup>(a)</sup> | $458390 |
| 8200 | Communication Services Select Sector SPDR Fund | 965304 |
| 9800 | Consumer Discretionary Select Sector SPDR Fund | 1170218 |
| 6900 | Consumer Staples Select Sector SPDR Fund | 535992 |
| 40000 | Direxion Daily S&P 500 Bear 3X Shares | 1418800 |
| 20000 | Direxion Daily Technology Bear 3X Shares | 345800 |
| 7700 | Energy Select Sector SPDR Fund | 344267 |
| 26200 | Financial Select Sector SPDR Fund | 1434974 |
| 7263 | Health Care Select Sector SPDR Fund | 1124312 |
| 5900 | Industrial Select Sector SPDR Fund | 915208 |
| 27200 | iShares MSCI ACWI ETF | 3848529 |
| 11200 | iShares MSCI Spain ETF | 603792 |
| 10000 | iShares Russell 2000 ETF | 2461600 |
| 9100 | iShares U.S. Utilities ETF | 986076 |
| 4400 | Materials Select Sector SPDR Fund | 199540 |
| 2900 | ProShares UltraPro Short QQQ | 198650 |
| 4800 | Real Estate Select Sector SPDR Fund | 193680 |
| 22600 | Technology Select Sector SPDR Fund | 3253722 |
| 4000 | Vanguard S&P 500 ETF | 2508520 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $20,359,442)** | 22967374 |
|  | **EXCHANGE-TRADED NOTES — 0.3%** |  |
|  | **SPECIALTY - 0.3%** |  |
| 4500 | iPath Series B S&P 500 VIX Short-Term Futures ETN<sup>(a)</sup> | 119115 |
|  | **TOTAL EXCHANGE-TRADED NOTES (Cost $163,466)** |  |
|  | **SHORT-TERM INVESTMENTS — 36.0%** |  |
|  | **MONEY MARKET FUNDS - 36.0%** |  |
| 13023148 | First American Government Obligations Fund, Class X, 3.64% (Cost $13,023,148)<sup>(b)</sup> | $13023148 |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $33,546,056)** | $36109637 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.1%** | 19060 |
|  | **NET ASSETS - 100.0%** | $36128697 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| MSCI | - Morgan Stanley Capital International |
| SPDR | - Standard & Poor's Depositary Receipt |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

---

| | | |
|:---|:---|:---|
| **RESQ STRATEGIC INCOME FUND** | **RESQ STRATEGIC INCOME FUND** | **RESQ STRATEGIC INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 75.2%** |  |
|  | **FIXED INCOME - 75.2%** |  |
| 27000 | iShares 0-1 Year Treasury Bond ETF | $2974050 |
| 30700 | iShares 1-3 Year Treasury Bond ETF | 2542574 |
| 64500 | JPMorgan Ultra-Short Income ETF | 3263055 |
| 50000 | PIMCO Enhanced Short Maturity Active ETF | 5017000 |
| 205000 | Schwab Short-Term U.S. Treasury ETF | 4995850 |
| 60000 | Vanguard Short-Term Treasury ETF | 3523800 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $22,312,327)** | 22316329 |
|  | **SHORT-TERM INVESTMENTS — 1.6%** |  |
|  | **MONEY MARKET FUNDS - 1.6%** |  |
| 470079 | First American Government Obligations Fund, Class X, 3.64% (Cost $470,079)<sup>(a)</sup> | 470079 |
|  | **TOTAL INVESTMENTS - 76.8% (Cost $22,782,406)** | $22786408 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 23.2%** | 6890247 |
|  | **NET ASSETS - 100.0%** | $29676655 |

---

ETF - Exchange-Traded Fund <br>

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

## 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:** RESQ Dynamic Allocation Fund

- **b. EDGAR series identifier (if any):** S000043340

- **c. LEI of Series:** 549300OXGDLG4LGGNL46

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $36260571.88

**Total Liabilities:** $131875.01

**Net Assets:** $36128696.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000134182 | 0.56%                | 0.32%                | -0.11%               |
| Class ID C000134183 | 0.62%                | 0.31%                | -0.12%               |
| Class ID C000145676 | 0.51%                | 0.26%                | -0.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4544662.01              | $-4282577.77                               |
| Month 2  | $0.00                    | $129133.20                                 |
| Month 3  | $0.00                    | $-120476.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Barclays Bank plc         | IPATH SERIES B   | CUSIP: 06748M196<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | EC               | RF                | GB        |      4500 | NS      | $119115.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitwise Funds Trust       | BIT CRYP IND INN | CUSIP: 09175C103<br>LEI: 549300P1JHTWCPFC1N08 | Long             | EC               | RF                | US        |     23000 | NS      | $458390.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust | DIREXION DAILY S | CUSIP: 25460E190<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     40000 | NS      | $1418800.00   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust | DIR TECH BEAR 3X | CUSIP: 25461A494<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     20000 | NS      | $345800.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc. | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  13023148 | PA      | $13023148.36  | 36.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc               | ISHARES MSCI SPA | CUSIP: 464286764<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     11200 | NS      | $603792.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust             | ISHARES RUSSELL  | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10000 | NS      | $2461600.00   | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust             | ISHARES US UTILI | CUSIP: 464287697<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      9100 | NS      | $986076.00    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust             | ISHARES MSCI ACW | CUSIP: 464288257<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     27200 | NS      | $3848528.00   | 10.65%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust           | PROSHARES UL SHO | CUSIP: 74350P675<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |      2900 | NS      | $198650.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS MATERIALS ETF | CUSIP: 81369Y100<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      4400 | NS      | $199540.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS HEALTH CARE   | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      7263 | NS      | $1124312.40   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS CONSUMER STPL | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      6900 | NS      | $535992.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS CONSUMER DISC | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      9800 | NS      | $1170218.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS ENERGY SELECT | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      7700 | NS      | $344267.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS FINANCIAL SEL | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     26200 | NS      | $1434974.00   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS INDUSTRIAL    | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      5900 | NS      | $915208.00    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS TECH SEL SECT | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     22600 | NS      | $3253722.00   | 9.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS COMM SLCT ETF | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      8200 | NS      | $965304.00    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SS REAL ESTATE   | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      4800 | NS      | $193680.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds      | VANGUARD S&P 500 | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      4000 | NS      | $2508520.00   | 6.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer