# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-002753
**Filing Date:** 2026-2
**Character Count:** 23751
**Document Hash:** 5fd855613e745af18e3ca136c775d79d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002753.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002753

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260630

**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:** 26683183

**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

### HCM Sector Plus Fund (Series ID: S000048332)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000152642 | HCM Sector Plus Fund Class A Shares        | HCMNX           |
| C000152643 | HCM Sector Plus Fund Class A1 Shares       | HCMWX           |
| C000152644 | HCM Sector Plus Fund Investor Class Shares | HCMPX           |
| C000152645 | HCM Sector Plus Fund Class I Shares        | HCMQX           |
| C000152646 | HCM Sector Plus Fund Class R Shares        | HCMZX           |

## 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:** HCM Sector Plus Fund

- **b. EDGAR series identifier (if any):** S000048332

- **c. LEI of Series:** 549300QYTEJYTXYJCL20

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $1951313352.75

**Total Liabilities:** $3036065.73

**Net Assets:** $1948277287.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152642 | 3.06%                | 0.36%                | -0.69%               |
| Class ID C000152643 | 3.10%                | 0.36%                | -0.77%               |
| Class ID C000152644 | 3.03%                | 0.29%                | -0.78%               |
| Class ID C000152645 | 3.10%                | 0.40%                | -0.71%               |
| Class ID C000152646 | 3.06%                | 0.36%                | -0.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15822395.05             | $45406693.65                               |
| Month 2  | $28199.42                | $8840610.39                                |
| Month 3  | $0.00                    | $-17373412.88                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp.                                    | AES CORP                  | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    237447 | NS      | $3404989.98   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                     | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    202853 | NS      | $5038868.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc.                        | ALASKA AIR GROUP          | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     88489 | NS      | $4450996.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                               | ALBEMARLE CORP            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     19313 | NS      | $2731630.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                           | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     70078 | NS      | $4040697.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                  | AMERICAN AIRLINE          | CUSIP: 02376R102<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | EC               | CORP              | US        |    245913 | NS      | $3769846.29   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                    | APA CORP                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     76259 | NS      | $1865295.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                   | ARCHER-DANIELS            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     40126 | NS      | $2306843.74   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                      | BERKSHIRE HATH-B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8633 | NS      | $4339377.45   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                              | BORGWARNER INC            | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     76278 | NS      | $3437086.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                 | CF INDUSTRIES HO          | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     34974 | NS      | $2704889.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | COTERRA ENERGY I          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    106605 | NS      | $2805843.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | CITIGROUP INC             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     73828 | NS      | $8614989.32   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.         | COGNIZANT TECH-A          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     44068 | NS      | $3657644.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Company                       | DXC TECHNOLOGY C          | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    136795 | NS      | $2004046.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                         | DELTA AIR LI              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     85071 | NS      | $5903927.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust                    | DIREXION DAILY S          | CUSIP: 25459W862<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |    712994 | NS      | $157293606.34 | 8.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                              | EQT CORP                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     67680 | NS      | $3627648.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                          | ENTERGY CORP              | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     64506 | NS      | $5962289.58   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                   | EVERGY INC                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     60741 | NS      | $4403115.09   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                              | FOX CORP - A              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     98267 | NS      | $7180369.69   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                              | FOX CORP - B              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    106260 | NS      | $6899461.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                       | GENERAL MOTORS C          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     97077 | NS      | $7894301.64   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                       | HP INC                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    115577 | NS      | $2575055.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.               | HEWLETT PACKA             | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    178604 | NS      | $4290068.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                  | HUMANA INC                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      5945 | NS      | $1522692.85   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | ISHARES SELECT D          | CUSIP: 464287168<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   1011427 | NS      | $142752806.78 | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                               | KROGER CO                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     68091 | NS      | $4254325.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                 | LENNAR CORP-A             | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     27216 | NS      | $2797804.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                         | M&T BANK CORP             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     23871 | NS      | $4809529.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                     | MARATHON PETROLE          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     20399 | NS      | $3317489.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                 | METLIFE INC               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     48523 | NS      | $3830405.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc.                     | MILLROSE PROPERT          | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13608 | NS      | $406470.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                           | MOSAIC CO/THE             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     85615 | NS      | $2062465.35   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                             | NEWS CORP-CL B            | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    143272 | NS      | $4245149.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                            | NUCOR CORP                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     19174 | NS      | $3127471.14   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                 | ORGANON & CO              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    178927 | NS      | $1282906.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                              | PPL CORP                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    126362 | NS      | $4425197.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     90184 | NS      | $2245581.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                              | PRO ULTRA S&P500          | CUSIP: 74347R107<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |   5719806 | NS      | $331291163.52 | 17.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                              | PRO ULTRA QQQ             | CUSIP: 74347R206<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |   4701582 | NS      | $331038388.62 | 16.99%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                              | PROSHARES ULTRAPRO S&P 50 | CUSIP: 74347X864<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |   1025589 | NS      | $118722182.64 | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated | PUB SERV ENTERP           | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     51345 | NS      | $4123003.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                              | PULTEGROUP INC            | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41197 | NS      | $4830760.22   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                           | RALPH LAUREN COR          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     26333 | NS      | $9311612.13   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Spdr S and P 500 Etf Trust      | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    268284 | NS      | $182948225.28 | 9.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                     | SKYWORKS SOLUTIO          | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     30558 | NS      | $1937682.78   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                       | SOUTHWEST AIR             | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    113737 | NS      | $4700750.21   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | STEEL DYNAMICS            | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     27639 | NS      | $4683428.55   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | SYNCHRONY FINANC          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    102478 | NS      | $8549739.54   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | TYSON FOODS-A             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     63601 | NS      | $3728290.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                 | UNITED AIRLINES           | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     75425 | NS      | $8434023.50   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.              | UNIVERSAL HLTH-B          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     23450 | NS      | $5112569.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                          | VALERO ENERGY             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     23556 | NS      | $3834681.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Specialized Funds                   | VANGUARD DVD A E          | CUSIP: 921908844<br>LEI: 549300OM0CLBHZ9MZW59 | Long             | EC               | RF                | US        |   1231457 | NS      | $270649619.46 | 13.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Whitehall Funds                     | VANGUARD HI DV Y          | CUSIP: 921946406<br>LEI: 5493006QD7VQBS2FQD13 | Long             | EC               | RF                | US        |   1132957 | NS      | $162601988.64 | 8.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                         | VANGUARD GRW ETF          | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     12580 | NS      | $6137278.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | VERIZON COMMUNIC          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     95278 | NS      | $3880672.94   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                  | VIATRIS INC               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    308928 | NS      | $3846153.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                              | BUNGE GLOBAL SA           | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     28136 | NS      | $2506354.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HCM BBH SWEEP                                | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  35196278 | PA      | $35196277.78  | 1.81%             |  |  |  | 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