# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-000335
**Filing Date:** 2025-8
**Character Count:** 11227
**Document Hash:** dd257b7411308b6f9bb9439f61ad0e8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000335.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000335

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**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:** 251269056

**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 Defined Risk Fund (Series ID: S000037505)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000115777 | Swan Defined Risk Fund Class A Shares | SDRAX           |
| C000115778 | Swan Defined Risk Fund Class C Shares | SDRCX           |
| C000115779 | Swan Defined Risk Fund Class I Shares | SDRIX           |

## 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 Defined Risk Fund

- **b. EDGAR series identifier (if any):** S000037505

- **c. LEI of Series:** 549300A86W0U1NC10X11

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $658041033.10

**Total Liabilities:** $14710586.57

**Net Assets:** $643330446.53

**Cash Not Reported:** $292674.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000115778 | -0.07%               | 1.62%                | 2.40%                |
| Class ID C000115777 | 0.00%                | 1.67%                | 2.46%                |
| Class ID C000115779 | -0.07%               | 1.72%                | 2.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8760645.78              | $-13738239.36                              |
| Month 2  | $13104143.36             | $20398822.06                               |
| Month 3  | $0.00                    | $28105674.82                               |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Select Sector Spdr Trust  | SPDR-CONS STAPLE       | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    139605 | NS      | $11303816.85  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | REAL EST SEL SEC       | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    100629 | NS      | $4168053.19   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-TECH SEL S        | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    270761 | NS      | $68564808.03  | 10.66%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 12/18/26 P6100  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       991 | NC      | $35807796.39  | 5.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-CONS DISCRE       | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     98198 | NS      | $21341371.34  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc. | FRST AM-GV OB-X        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3593623 | PA      | $3593623.01   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-FINL SELECT       | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    551267 | NS      | $28869852.79  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5720 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       986 | NC      | $3847830.84   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-ENERGY SEL        | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     72483 | NS      | $6147283.23   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 08/15/25 C6370  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -98 | NC      | $-568672.83   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-UTIL SELECT       | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     59877 | NS      | $4889555.82   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5600  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1976 | NC      | $-696345.49   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5530 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       986 | NC      | $2509966.34   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 08/15/25 P5595  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -98 | NC      | $-187358.60   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 10/17/25 C6225  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -203 | NC      | $-4629958.01  | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-HEALTH CARE       | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    143226 | NS      | $19305432.54  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-INDU SELECT       | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    120870 | NS      | $17830742.40  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5600 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -986 | NC      | $-2929375.61  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5525  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       988 | NC      | $287407.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust             | ISHARES-C S&P500       | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    652000 | NS      | $404826800.00 | 62.93%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5675  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       988 | NC      | $434254.16    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-MATERIALS         | CUSIP: 81369Y100<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     44066 | NS      | $3869435.46   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5650 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -986 | NC      | $-3279109.48  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust  | SPDR-COMM SERV         | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    185308 | NS      | $20111477.24  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer