# EDGAR Filing Document

**Accession Number:** 0000924727
**File Stem:** 0001145549-25-050451
**Filing Date:** 2025-8
**Character Count:** 61539
**Document Hash:** 6f8482b92bf408ed0e5e4c724b79bdc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050451.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001145549-25-050451

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250131

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust III
- **CENTRAL INDEX KEY:** 0000924727

**ORGANIZATION NAME:**
- **EIN:** 043236699
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08544
- **FILM NUMBER:** 251184489

**BUSINESS ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-385-5777

**MAIL ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FPA FUNDS TRUST
- **DATE OF NAME CHANGE:** 20021028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UAM FUNDS TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REGIS FUND II
- **DATE OF NAME CHANGE:** 19940606

## Series and Classes Contracts Data

### MANTEIO MULTIALTERNATIVE STRATEGY FUND (Series ID: S000088667)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000255006 | Class I Shares | CSQIX           |
| C000255007 | Class A Shares | CSQAX           |

## Nport-Ex

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS**

**As of January 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number of<br> Shares |  | Value |
|  | **COMMON STOCKS — 18.5%** |  |
|  | **BANKING — 2.1%** |  |
| 14067 | Canadian Western Bank | $560202 |
| 19919 | CrossFirst Bankshares, Inc.\* | 323485 |
| 10791 | First Bancshares, Inc. | 413835 |
| 24326 | Heartland Financial USA, Inc. | 1573162 |
| 13513 | Premier Financial Corp. | 376067 |
| 12726 | South State Corp. | 1343738 |
|  |  | **4590489** |
|  | **E-COMMERCE DISCRETIONARY — 1.7%** |  |
| 7570 | Amazon.com, Inc.\* | 1799238 |
| 27186 | eBay, Inc. | 1834511 |
|  |  | **3633749** |
|  | **ELECTRIC UTILITIES — 0.8%** |  |
| 40592 | Neoen S.A. | **1675052** |
|  | **ELECTRICAL EQUIPMENT — 0.8%** |  |
| 14602 | Vertiv Holdings Co. | **1708726** |
|  | **ENTERTAINMENT CONTENT — 1.7%** |  |
| 5072 | Applovin Corp. - Class A\* | 1874560 |
| 1860 | Netflix, Inc.\* | 1816774 |
|  |  | **3691334** |
|  | **INSTITUTIONAL FINANCIAL SVCS — 0.8%** |  |
| 6201 | Coinbase Global, Inc. - Class A\* | **1806537** |
|  | **INTERNET MEDIA & SERVICES — 1.8%** |  |
| 10092 | DoorDash, Inc. - Class A\* | 1905672 |
| 2853 | Meta Platforms, Inc. - Class A | 1966231 |
|  |  | **3871903** |
|  | **METALS & MINING — 0.5%** |  |
| 107930 | SilverCrest Metals, Inc.\* | **1133265** |
|  | **OIL & GAS PRODUCERS — 0.7%** |  |
| 14713 | ConocoPhillips | **1454086** |
|  | **OIL & GAS SERVICES & EQUIP — 0.6%** |  |
| 43859 | ChampionX Corp. | **1256122** |
|  | **SEMICONDUCTORS — 1.4%** |  |
| 7234 | Broadcom Ltd. | 1600667 |
| 12366 | NVIDIA Corp. | 1484786 |
|  |  | **3085453** |
|  | **SOFTWARE — 3.8%** |  |
| 2721 | ANSYS, Inc.\* | 953710 |
| 4740 | Crowdstrike Holdings, Inc. - Class A\* | 1886852 |
| 18280 | DocuSign, Inc.\* | 1768224 |
| 17727 | Fortinet, Inc.\* | 1788300 |

---

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Number of<br> Shares |  | Value |
|  | **COMMON STOCKS (Continued)** |  |
|  | **SOFTWARE (Continued)** |  |
| 21048 | Palantir Technologies, Inc. - Class A\* | $1736250 |
|  |  | **8133336** |
|  | **SPECIALTY FINANCE — 0.7%** |  |
| 7724 | Discover Financial Services | **1553219** |
|  | **STEEL — 0.2%** |  |
| 12490 | United States Steel Corp. | **460256** |
|  | **TECHNOLOGY SERVICES — 0.9%** |  |
| 7726 | International Business Machines Corp. | **1975538** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $37,238,733) | **40029065** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SHORT-TERM INVESTMENTS — 39.7%** |  |
|  | **TREASURY BILLS — 39.7%** |  |
|  | United States Treasury Bill |  |
| $15000000 | 9.80%, 2/20/2025<sup>(a),(b)</sup> | 14969910 |
| 7000000 | 10.02%, 3/20/2025<sup>(a),(b)</sup> | 6963033 |
| 7000000 | 10.00%, 4/17/2025<sup>(a),(b)</sup> | 6940598 |
| 15000000 | 9.92%, 5/15/2025<sup>(a),(b)</sup> | 14823885 |
| 7000000 | 9.88%, 6/12/2025<sup>(a),(b)</sup> | 6895154 |
| 7000000 | 8.88%, 7/10/2025<sup>(a),(b)</sup> | 6873307 |
| 15000000 | 8.48%, 8/7/2025<sup>(a),(b)</sup> | 14680875 |
| 7000000 | 7.92%, 9/4/2025<sup>(a),(b)</sup> | 6830670 |
| 7000000 | 8.52%, 10/2/2025<sup>(a),(b)</sup> | 6809992 |
|  |  | **85787424** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $85,711,488) | **85787424** |
|  | **TOTAL INVESTMENTS — 58.2%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $122,950,221) | **125816489** |
|  | Other Assets in Excess of Liabilities — 41.8% | 90410233 |
|  | **TOTAL NET ASSETS — 100.0%** | $**216226722** |

---

\* Non-income producing security.

<sup>(a)</sup> All or a portion of this investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

<sup>(b)</sup> Treasury bill discount rate.

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2025 (Unaudited)**

**SWAP CONTRACTS**

**EQUITY SWAP CONTRACTS**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Counterparty | Reference Entity | Fund Pays | Fund Receives | Pay/Receive<br> Frequency | Termination<br> Date | Notional<br> Amount | Premium<br> Paid<br> (Received) | Unrealized<br> Appreciation<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Agriculture Subindex <sup>1</sup> | 0.18% | Index Return | At Maturity | 3/31/25 | $2758388 | $- | $29655 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Industrial Metals Subindex <sup>1</sup> | Index Return | 0.10% | At Maturity | 3/31/25 | 2011590 |  | 16937 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Energy Subindex <sup>1</sup> | 0.09% | Index Return | At Maturity | 3/31/25 | 951743 |  | (19552) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bloomberg Precious Metals Subindex <sup>1</sup> | 0.07% | Index Return | At Maturity | 3/31/25 | 3020842 |  | 96985 |
| &nbsp;&nbsp;&nbsp;Macquarie Bank Ltd. | Macquarie WTI Intraday Mean Reversion <sup>1</sup> | 0.15% | Index Return | At Maturity | 3/31/25 | 21041645 |  | (432) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Alerian MLP Infrastructure Index | Daily SOFR + 2.00% | Index Return | At Maturity | 4/1/25 | 10715854 |  | 137074 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Tactical Factor Suite Value World Bottom Excess Return Strategy <sup>2</sup> | 0.40% | Basket Return | At Maturity | 4/2/25 | 21420028 |  | (109162) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Wol Carry Series 75 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 4/2/25 | 21682719 |  | 110954 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs RP Long Short Series SR 112 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return - 0.60% | At Maturity | 4/2/25 | 13606952 |  | (57623) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Dispersion US Series 31 Excess Return Strategy <sup>2</sup> | 0.00% | Basket Return | At Maturity | 4/2/25 | 35988838 |  | 520167 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Commodity COT Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 4/2/25 | 28617718 |  | 138356 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs Commodity COT Timespread Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 4/2/25 | 21487748 |  | 22080 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Goldman Sachs SAGE Commodity Pairs Strategy <sup>1,2</sup> | 0.00% | Basket Return | At Maturity | 4/2/25 | 21127978 |  | 120204 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | National Bank of Canada | Equity Return | Daily CORRA - 0.40% | Monthly | 11/27/25 | 820867 |  | 14569 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | National Bank of Canada | Equity Return | Daily CORRA - 0.40% | Monthly | 11/27/25 | 30950 |  | 549 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 45577 |  | 3090 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 213178 |  | 14454 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 292720 |  | 19848 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 206548 |  | 14005 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Spirent Communication PLC | Daily SONIA + 0.48% | Equity Return | Monthly | 11/28/25 | 28635 |  | 1942 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Avid Bioservices, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 358672 |  | 2321 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Retail Opportunity Investments Corp. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1773474 |  | (579) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Allete, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1278352 |  | 8448 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Arcadium Lithium PLC | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 671517 |  | 59054 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Altair Engineering, Inc. - Class A | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1604880 |  | 1293 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Air Transport Services Group | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1051380 |  | 7581 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Bally's Corp. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 359500 |  | 4021 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | First Busey Corp. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 296537 |  | (12728) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Paramount Global - Class B | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 963367 |  | (7545) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Coeur Mining, Inc. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 970804 |  | (81558) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Capital One Financial Corp. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 1289793 |  | (155060) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | ConocoPhillips | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 1492187 |  | 21034 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Endeavor Group Holdings, Inc. - Class A | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1921669 |  | (42214) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Everi Holdings, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 362151 |  | 2312 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Frontier Communications Parent, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 983629 |  | 15115 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | HashiCorp., Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1011669 |  | (5031) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Juniper Networks, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 959862 |  | (89563) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Kellanova | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1466059 |  | 4505 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Renasant Corp. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 366442 |  | (26027) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Schlumberger, Ltd. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 1203838 |  | (45629) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Synopsys, Inc. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 448833 |  | (21662) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Surmodics, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 270253 |  | (46196) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Southstate Corp. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 1126650 |  | (106881) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | UMB Financial Corp. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 1421141 |  | (76103) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Wesbanco, Inc. | Equity Return | Daily SOFR - 0.265% | Monthly | 11/28/25 | 315073 |  | (31388) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Zuora, Inc. - Class A | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 1059579 |  | 1945 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs & Co. LLC | Allete, Inc. | Daily SOFR + 0.485% | Equity Return | Monthly | 11/28/25 | 449663 | - | (194) |
| **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** | **TOTAL EQUITY SWAP CONTRACTS** |  | $**231547492** | $**-** | $**453371** |

---

<sup>1</sup> This investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

<sup>2</sup> The index constituents are available on the Fund's website.

CORRA – Canadian Overnight Repo Rate Average

SOFR – Secured Overnight Financing Rate

SONIA – Sterling Overnight Index Average

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2025 (Unaudited)**

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase Contracts** | **Counterparty** | **Currency<br> Exchange** | **Settlement<br> Date** | **Currency<br> Amount<br> Purchased** | **Value At<br> Settlement<br> Date** | **Value At<br> January 31, 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| British Pound | Goldman Sachs | GBP per USD | 2/20/2025 | 5951631 | $7286582 | $7379092 | $92510 |
| Euro | Goldman Sachs | EUR per USD | 2/20/2025 | 5182766 | 5349910 | 5381077 | 31167 |
| New Zealand Dollar | Goldman Sachs | NZD per USD | 2/20/2025 | 6850553 | 3852408 | 3865477 | 13069 |
| Norwegian Krone | Goldman Sachs | NOK per USD | 2/20/2025 | 70556979 | 6220475 | 6233524 | 13049 |
|  |  |  |  |  | 22709375 | 22859170 | 149795 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale Contracts** | **Counterparty** | **Currency<br> Exchange** | **Settlement<br> Date** | **Currency<br> Amount<br> Sold** | **Currency<br> Amount<br> Sold** | **Value At<br> Settlement<br> Date** | **Value At<br> January 31, 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| Canadian Dollar | Goldman Sachs | CAD per USD | 2/19/2025 |  | (17220737) | (11972980) | (11857501) | 115479 |
| Australian Dollar | Goldman Sachs | AUD per USD | 2/20/2025 |  | (74869) | (46408) | (46549) | (141) |
| Japanese Yen | Goldman Sachs | JPY per USD | 2/20/2025 |  | (516140812) | (3314331) | (3335036) | (20705) |
| Swedish Krona | Goldman Sachs | SEK per USD | 2/20/2025 |  | (83015273) | (7435047) | (7495488) | (60441) |
| Swiss Franc | Goldman Sachs | CHF per USD | 2/20/2025 |  | (12327235) | (13540460) | (13563463) | (23003) |
|  |  |  |  |  |  | (36309226) | (36298037) | 11189 |
| **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |  | $(13599851) | $(13438867) | $160984 |

---

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – British Pound

JPY – Japanese Yen

NOK – Norwegian Krone

NZD – New Zealand Dollar

SEK – Swedish Krona

**Manteio Multialternative Strategy Fund**

**CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued**

**As of January 31, 2025 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long Contracts** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Index Futures** |  |  |  |  |
| CME E-Mini Russell 2000 Index | March 2025 | 26 | 3283670 | 51125 |
| CME NASDAQ 100 E-Mini | March 2025 | 4 | 1727140 | (255) |
| E-Mini Consumer Discretionary | March 2025 | 23 | 5425240 | 120071 |
| E-Mini Financial Select Sector | March 2025 | 21 | 3346402 | 190632 |
| E-Mini Industrial Select Sector | March 2025 | 12 | 1682280 | 59611 |
| EURO Stoxx 50 (DIV) | December 2025 | 1253 | 20997205 | 270084 |
| EURO Stoxx 50 (DIV) | December 2026 | 118 | 1950404 | 47468 |
| Hang Seng Index | February 2025 | 53 | 6912733 | 183154 |
| ICF FTSE 100 Index | March 2025 | 36 | 3874221 | 54123 |
| Nikkei Stock Index | March 2025 | 5 | 1279625 | (3946) |
|  |  | **1551** | **50478920** | **972067** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short Contracts** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Currency Futures** |  |  |  |  |
| CME Australian Dollar | March 2025 | (61) | (3792065) | 77283 |
| CME British Pound | March 2025 | (62) | (4804613) | 97907 |
| CME Canadian Dollar | March 2025 | (111) | (7663995) | 161330 |
| CME Euro | March 2025 | (46) | (5978275) | 58117 |
| CME Japanese Yen | March 2025 | (30) | (2429063) | 44028 |
| **Index Futures** |  |  |  |  |
| CME E-Mini S&P 500 | March 2025 | (41) | (12437863) | (222457) |
| EUX Euro STOXX 50 | March 2025 | (56) | (3080145) | (207460) |
| **Interest Rate Futures** |  |  |  |  |
| CBOT 10-Year U.S. Treasury Note | March 2025 | (53) | (5768719) | (421) |
| EUX Euro-Bund | March 2025 | (49) | (6750298) | 34120 |
| ICF Long Gilt | March 2025 | (36) | (4149769) | 49428 |
| SGX 10-Year Mini JGB | March 2025 | (138) | (12542533) | 137885 |
|  |  | **(683)** | **(69397338)** | **229760** |
| **TOTAL FUTURES CONTRACTS** |  |  | $**(18918418)** | $**1201827** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Investment Managers Series Trust III

- **b. Investment Company Act file number:** 811-08544

- **c. CIK number of Registrant:** 0000924727

- **d. LEI of Registrant:** 549300H7BXP5EUEHOJ64

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 W. Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 626-385-5777

**Item A.2. Information about the Series.**

- **a. Name of Series:** Manteio Multialternative Strategy Fund

- **b. EDGAR series identifier (if any):** S000088667

- **c. LEI of Series:** 9845004612D3A4CWCN88

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

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

- **b. Date as of which information is reported:** 2025-01-31

**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:** $479855990.37

**Total Liabilities:** $263448360.27

**Net Assets:** $216407630.10

**Amount of Assets Invested in Other Investment Companies:** $42360797.71

**Cash Not Reported:** $88578079.12

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255006 | 1.65%                | -0.23%               | 2.34%                |
| Class ID C000255007 | 1.57%                | -0.17%               | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $284084.35               | $861346.83                                 |
| Month 2  | $-166404.41              | $-1055133.16                               |
| Month 3  | $435544.83               | $2204617.14                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TRS ABGSCOT3 Index GS   /                   | TRS ABGSCOT3 Index GS   /                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      96881 | NC      | $138355.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMPR Index GS    /                    | TRS BCOMPR Index GS    /                    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      10581 | NC      | $97013.08     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS ABGSD005 INDEX ABGSD005 GS   /          | TRS ABGSD005 INDEX ABGSD005 GS   /          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     176638 | NC      | $22079.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMIN Index GS    /                    | TRS BCOMIN Index GS    /                    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     -13954 | NC      | $16937.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMEN Index GS    /                    | TRS BCOMEN Index GS    /                    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      37504 | NC      | $-23019.98    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS BCOMAG Index GS    /                    | TRS BCOMAG Index GS    /                    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      41923 | NC      | $29709.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSISM112 Index GSCO   /                 | TRS GSISM112 Index GSCO   /                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     130962 | NC      | $-57623.28    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSVIUS31 Index GSCO   /                 | TRS GSVIUS31 Index GSCO   /                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     304191 | NC      | $520166.61    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS AMZIX Index GS    /                     | TRS AMZIX Index GS    /                     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |       2260 | NC      | $145157.54    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS GSVIVV75 INDEX GSVIVV75   /             | TRS GSVIVV75 INDEX GSVIVV75   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     108778 | NC      | $110953.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797KA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15000000 | PA      | $14969910.00  | 6.92%             | 2025-02-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797KJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6963033.00   | 3.22%             | 2025-03-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797KS5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6940598.00   | 3.21%             | 2025-04-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15000000 | PA      | $14823885.00  | 6.85%             | 2025-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797LN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6895154.00   | 3.19%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6873307.00   | 3.18%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15000000 | PA      | $14680875.00  | 6.78%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6830670.00   | 3.16%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                 | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7000000 | PA      | $6809992.00   | 3.15%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EQS41791 TRS GBP SPT LN Equity GS   /       | EQS41791 TRS GBP SPT LN Equity GS   /       | CUSIP: 99S22YR60<br>LEI: N/A                  | N/A              | DE               |  | US        |      24418 | NC      | $3269.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS42158 TRS CAD R V 01MCDOR   /            | EQS42158 TRS CAD R V 01MCDOR   /            | CUSIP: 99S23VT06<br>LEI: N/A                  | N/A              | DE               |  | US        |      -6100 | NC      | $13388.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS42532 TRS CAD R V 01MEIBOR   /           | EQS42532 TRS CAD R V 01MEIBOR   /           | CUSIP: 99S24LH34<br>LEI: N/A                  | N/A              | DE               |  | US        |       -230 | NC      | $504.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS42546 TRS GBP SPT LN Equity GS   /       | EQS42546 TRS GBP SPT LN Equity GS   /       | CUSIP: 99S24LLF2<br>LEI: N/A                  | N/A              | DE               |  | US        |      15341 | NC      | $2054.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS42993  TRS U.S.D ROIC U.S. Equity GS   / | EQS42993  TRS U.S.D ROIC U.S. Equity GS   / | CUSIP: 99S25PUR6<br>LEI: N/A                  | N/A              | DE               |  | US        |     101840 | NC      | $5092.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS42992  TRS U.S.D CDMO U.S. Equity GS   / | EQS42992  TRS U.S.D CDMO U.S. Equity GS   / | CUSIP: 99S25PV38<br>LEI: N/A                  | N/A              | DE               |  | US        |      28831 | NC      | $3459.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43036  TRS USD R V 00MEOFR   /           | EQS43036  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QC94<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10791 | NC      | $-27085.41    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43020  TRS USD R V 00MEOFR   /           | EQS43020  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QCC7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -13296 | NC      | $-13561.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43017  TRS U.S.D ATSG U.S. Equity GS   / | EQS43017  TRS U.S.D ATSG U.S. Equity GS   / | CUSIP: 99S25QCF0<br>LEI: N/A                  | N/A              | DE               |  | US        |      47467 | NC      | $10917.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43015  TRS U.S.D ALTM U.S. Equity GS   / | EQS43015  TRS U.S.D ALTM U.S. Equity GS   / | CUSIP: 99S25QCI4<br>LEI: N/A                  | N/A              | DE               |  | US        |     117330 | NC      | $61011.60     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43022  TRS USD R V 00MEOFR   /           | EQS43022  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QCL7<br>LEI: N/A                  | N/A              | DE               |  | US        |    -172236 | NC      | $-84395.64    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43021  TRS U.S.D PARA U.S. Equity GS   / | EQS43021  TRS U.S.D PARA U.S. Equity GS   / | CUSIP: 99S25QCO1<br>LEI: N/A                  | N/A              | DE               |  | US        |      88830 | NC      | $-4441.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                          | Vertiv Holdings Co. - Class A               | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      14602 | NS      | $1708726.04   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corp                    | United States Steel Corp.                   | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |      12490 | NS      | $460256.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FTSE 100 IDX FUT MARCH 25   /               | FTSE 100 IDX FUT MARCH 25   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | GB        |         36 | NC      | $54123.15     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EQS43026  TRS U.S.D EDR U.S. Equity GS   /  | EQS43026  TRS U.S.D EDR U.S. Equity GS   /  | CUSIP: 99S25QCR4<br>LEI: N/A                  | N/A              | DE               |  | US        |      63046 | NC      | $-35936.22    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43031  TRS U.S.D JNPR U.S. Equity GS   / | EQS43031  TRS U.S.D JNPR U.S. Equity GS   / | CUSIP: 99S25QCU7<br>LEI: N/A                  | N/A              | DE               |  | US        |      27631 | NC      | $-86208.72    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43040  TRS U.S.D SRDX U.S. Equity GS   / | EQS43040  TRS U.S.D SRDX U.S. Equity GS   / | CUSIP: 99S25QCX1<br>LEI: N/A                  | N/A              | DE               |  | US        |       7969 | NC      | $-45184.23    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43042  TRS USD R V 00MEOFR   /           | EQS43042  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QD02<br>LEI: N/A                  | N/A              | DE               |  | US        |     -13379 | NC      | $-80140.21    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43019  TRS USD P V 00MSOFR   /           | EQS43019  TRS USD P V 00MSOFR   /           | CUSIP: 99S25QD44<br>LEI: N/A                  | N/A              | DE               |  | US        |         -0 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43016  TRS U.S.D ALTR U.S. Equity GS   / | EQS43016  TRS U.S.D ALTR U.S. Equity GS   / | CUSIP: 99S25QD69<br>LEI: N/A                  | N/A              | DE               |  | US        |      14590 | NC      | $6419.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43039  TRS USD R V 00MEOFR   /           | EQS43039  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QDI3<br>LEI: N/A                  | N/A              | DE               |  | US        |       -939 | NC      | $-22930.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43024  TRS USD R V 00MEOFR   /           | EQS43024  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QDL6<br>LEI: N/A                  | N/A              | DE               |  | US        |     -14713 | NC      | $17067.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43041  TRS USD R V 00MEOFR   /           | EQS43041  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QDR3<br>LEI: N/A                  | N/A              | DE               |  | US        |     -12726 | NC      | $-110207.16   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43028  TRS U.S.D FYBR U.S. Equity GS   / | EQS43028  TRS U.S.D FYBR U.S. Equity GS   / | CUSIP: 99S25QDX0<br>LEI: N/A                  | N/A              | DE               |  | US        |      27593 | NC      | $18211.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43027  TRS U.S.D EVRI U.S. Equity GS   / | EQS43027  TRS U.S.D EVRI U.S. Equity GS   / | CUSIP: 99S25QE01<br>LEI: N/A                  | N/A              | DE               |  | US        |      26635 | NC      | $3462.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43023  TRS USD R V 00MEOFR   /           | EQS43023  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QE68<br>LEI: N/A                  | N/A              | DE               |  | US        |      -7873 | NC      | $-158955.87   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43044  TRS U.S.D ZUO U.S. Equity GS   /  | EQS43044  TRS U.S.D ZUO U.S. Equity GS   /  | CUSIP: 99S25QEC5<br>LEI: N/A                  | N/A              | DE               |  | US        |     106509 | NC      | $5325.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43018  TRS U.S.D BALY U.S. Equity GS   / | EQS43018  TRS U.S.D BALY U.S. Equity GS   / | CUSIP: 99S25QEI2<br>LEI: N/A                  | N/A              | DE               |  | US        |      19837 | NC      | $5157.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43037  TRS USD R V 00MEOFR   /           | EQS43037  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QEL5<br>LEI: N/A                  | N/A              | DE               |  | US        |     -32236 | NC      | $-48998.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43014  TRS U.S.D ALE U.S. Equity GS   /  | EQS43014  TRS U.S.D ALE U.S. Equity GS   /  | CUSIP: 99S25QEO9<br>LEI: N/A                  | N/A              | DE               |  | US        |      19543 | NC      | $12507.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43053  TRS ALE U.S. Equity GS   /        | EQS43053  TRS ALE U.S. Equity GS   /        | CUSIP: 99S25R6F5<br>LEI: N/A                  | N/A              | DE               |  | US        |       6923 | NC      | $4430.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AUD USD CURNCY FUT MAR 25   /               | AUD USD CURNCY FUT MAR 25   /               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        -61 | NC      | $77283.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                              | Amazon.com, Inc.                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       7570 | NS      | $1799237.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS Inc                                   | ANSYS, Inc.                                 | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |       2721 | NS      | $953710.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                               | AppLovin Corp. - Class A                    | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       5072 | NS      | $1874560.48   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR  /                        | AUSTRALIAN DOLLAR  /                        | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | AU        |    -688925 | OU      | $-428302.83   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                | Broadcom, Inc.                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       7234 | NS      | $1600667.18   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| JPN 10YR MINI JGB MAR 25   /                | JPN 10YR MINI JGB MAR 25   /                | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | SG        |       -138 | NC      | $137884.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CURRENCY FUTURE MAR 25   /               | BP CURRENCY FUTURE MAR 25   /               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        -62 | NC      | $97907.12     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                         | CANADIAN DOLLARS  /                         | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | CA        |    -705204 | OU      | $-485209.53   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR FUT MAR 25   /              | CANADIAN DOLLAR FUT MAR 25   /              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |       -111 | NC      | $161329.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CrossFirst Bankshares Inc                   | CrossFirst Bankshares, Inc.                 | CUSIP: 22766M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      19919 | NS      | $323484.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                              | ChampionX Corp.                             | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |      43859 | NS      | $1256121.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                         | Coinbase Global, Inc. - Class A             | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       6201 | NS      | $1806537.33   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                         | International Business Machines Corp.       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       7726 | NS      | $1975538.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| E-MINI FINANCIAL SEL MAR 2025   /           | E-MINI FINANCIAL SEL MAR 2025   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |         21 | NC      | $190632.22    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| XAI EMINI INDUSTRY MAR 25   /               | XAI EMINI INDUSTRY MAR 25   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         12 | NC      | $59610.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| XAY CONS DISCRET MAR25   /                  | XAY CONS DISCRET MAR25   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         23 | NC      | $120071.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EMINI RUSS 2000 MAR 25   /                  | EMINI RUSS 2000 MAR 25   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |         26 | NC      | $51125.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO-BUND FUTURES MARCH 2025   /            | EURO-BUND FUTURES MARCH 2025   /            | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        -49 | NC      | $34120.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverCrest Metals Inc                      | SilverCrest Metals, Inc.                    | CUSIP: 828363101<br>LEI: 549300M4CUMXUHSXYQ10 | Long             | EC               | CORP              | CA        |     107930 | NS      | $1133265.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                             | SouthState Corp.                            | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      12726 | NS      | $1343738.34   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TRS GSISEVWB INDEX GSISEVWB   /             | TRS GSISEVWB INDEX GSISEVWB   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     205252 | NC      | $-107038.92   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TRS MQCPR1CL swap Macquarie   /             | TRS MQCPR1CL swap Macquarie   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |     107932 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRS ABGSSA02 INDEX ABGSSA02   /             | TRS ABGSSA02 INDEX ABGSSA02   /             | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DCR              |  | US        |      59310 | NC      | $120203.58    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS41797 TRS GBP SPT LN Equity GS   /       | EQS41797 TRS GBP SPT LN Equity GS   /       | CUSIP: 99S22ZEC8<br>LEI: N/A                  | N/A              | DE               |  | US        |     114209 | NC      | $15293.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS41805 TRS GBP SPT LN Equity GS   /       | EQS41805 TRS GBP SPT LN Equity GS   /       | CUSIP: 99S2308O5<br>LEI: N/A                  | N/A              | DE               |  | US        |     156823 | NC      | $21000.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS41808 TRS GBP SPT LN Equity GS   /       | EQS41808 TRS GBP SPT LN Equity GS   /       | CUSIP: 99S2313U4<br>LEI: N/A                  | N/A              | DE               |  | US        |     110657 | NC      | $14818.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                              | ConocoPhillips                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      14713 | NS      | $1454085.79   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                    | Crowdstrike Holdings, Inc. - Class A        | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       4740 | NS      | $1886851.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Western Bank                       | Canadian Western Bank                       | CUSIP: 13677F952<br>LEI: 549300QG7XFGLKN6HL17 | Long             | EC               | CORP              | CA        |      14067 | NS      | $560202.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                | DoorDash, Inc. - Class A                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      10092 | NS      | $1905672.36   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SX5E DIVIDEND FUT DEC25   /                 | SX5E DIVIDEND FUT DEC25   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | DE        |       1253 | NC      | $270083.89    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 (DIV) DEC26   /               | EURO STOXX 50 (DIV) DEC26   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | DE        |        118 | NC      | $47468.07     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services                 | Discover Financial Services                 | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |       7724 | NS      | $1553219.16   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                                | DocuSign, Inc.                              | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      18280 | NS      | $1768224.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                    | eBay, Inc.                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      27186 | NS      | $1834511.28   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR/USD FUTURE MAR 25   /                   | EUR/USD FUTURE MAR 25   /                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        -46 | NC      | $58117.01     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S & P 500 E MINI MARCH 25   /               | S & P 500 E MINI MARCH 25   /               | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |        -41 | NC      | $-222456.55   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO CURRENCY  /                            | EURO CURRENCY  /                            | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |    -325970 | OU      | $-338143.45   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| First Bancshares Inc/The                    | First Bancshares, Inc.                      | CUSIP: 318916103<br>LEI: 5493006DL5RXJODMAF36 | Long             | EC               | CORP              | US        |      10791 | NS      | $413834.85    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                | Fortinet, Inc.                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      17727 | NS      | $1788299.76   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LONG GILT FUTURE MAR 2025   /               | LONG GILT FUTURE MAR 2025   /               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        -36 | NC      | $49427.53     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT BRITAIN POUND  /                      | GREAT BRITAIN POUND  /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |    1137899 | OU      | $1410910.24   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG IDX FUT FEB 25   /                | HANG SENG IDX FUT FEB 25   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | HK        |         53 | NC      | $183153.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG DOLLAR  /                         | HONG KONG DOLLAR  /                         | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | HK        |   -1264555 | OU      | $-162290.96   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Financial USA Inc                 | Heartland Financial USA, Inc.               | CUSIP: 42234Q102<br>LEI: 549300QF7B0DFZT32C73 | Long             | EC               | CORP              | US        |      24326 | NS      | $1573162.42   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN  /                             | JAPANESE YEN  /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |   62527558 | OU      | $403156.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JPY YEN CURR FUT MARCH 25   /               | JPY YEN CURR FUT MARCH 25   /               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | US        |        -30 | NC      | $44028.53     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MANTEIO AUD FORWARD CONTRACT 2/20/25   /    | MANTEIO AUD FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | AU        |     -74869 | OU      | $-46548.94    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO CAD FORWARD CONTRACT 2/19/25   /    | MANTEIO CAD FORWARD CONTRACT 2/19/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CA        |  -17220737 | OU      | $-11857500.56 | -5.48%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO CHF FORWARD CONTRACT 2/20/25   /    | MANTEIO CHF FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CH        |  -12327235 | OU      | $-13563463.30 | -6.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                          | Meta Platforms, Inc. - Class A              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       2853 | NS      | $1966230.54   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MANTEIO EUR FORWARD CONTRACT 2/20/25   /    | MANTEIO EUR FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |    5182766 | OU      | $5381076.61   | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO GBP FORWARD CONTRACT 2/20/25   /    | MANTEIO GBP FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | GB        |    5951631 | OU      | $7379091.69   | 3.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO JPY FORWARD CONTRACT 2/20/25   /    | MANTEIO JPY FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | JP        | -516140812 | OU      | $-3335035.80  | -1.54%            |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO NOK FORWARD CONTRACT 2/20/25   /    | MANTEIO NOK FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | NO        |   70556979 | OU      | $6233524.30   | 2.88%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO NZD FORWARD CONTRACT 2/20/25   /    | MANTEIO NZD FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |    6850553 | OU      | $3865477.02   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| MANTEIO SEK FORWARD CONTRACT 2/20/25   /    | MANTEIO SEK FORWARD CONTRACT 2/20/25   /    | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | SE        |  -83015273 | OU      | $-7495488.00  | -3.46%            |  |  |  | No            |                  2 | On Loan: No      |
| Neoen SA                                    | Neoen S.A.                                  | CUSIP: 999999999<br>LEI: 969500C0AIAGQWZGJO13 | Long             | EC               | CORP              | FR        |      40592 | NS      | $1675051.62   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                 | Netflix, Inc.                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       1860 | NS      | $1816773.60   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKKEI 225 MAR 25   /                       | NIKKEI 225 MAR 25   /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | JP        |          5 | NC      | $-3946.42     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ 100 E-MINI MARCH 25   /              | NASDAQ 100 E-MINI MARCH 25   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               |  | US        |          4 | NC      | $-254.74      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                 | NVIDIA Corp.                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      12366 | NS      | $1484785.62   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Financial Corp                      | Premier Financial Corp.                     | CUSIP: 74052F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      13513 | NS      | $376066.79    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                   | Palantir Technologies, Inc. - Class A       | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      21048 | NS      | $1736249.52   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. 10YR NOTE (CBT) TYH5 3/20/2025   /     | U.S. 10YR NOTE (CBT) TYH5 3/20/2025   /     | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -53 | NC      | $-421.22      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EURO STOXX 50 MAR 25   /                    | EURO STOXX 50 MAR 25   /                    | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | DE        |        -56 | NC      | $-207460.38   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| EQS43032  TRS U.S.D K U.S. Equity GS   /    | EQS43032  TRS U.S.D K U.S. Equity GS   /    | CUSIP: 99S25QD93<br>LEI: N/A                  | N/A              | DE               |  | US        |      17995 | NC      | $9177.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQS43030  TRS U.S.D HCP U.S. Equity GS   /  | EQS43030  TRS U.S.D HCP U.S. Equity GS   /  | CUSIP: 99S25QDC6<br>LEI: N/A                  | N/A              | DE               |  | US        |      29676 | NC      | $-1780.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQS43043  TRS USD R V 00MEOFR   /           | EQS43043  TRS USD R V 00MEOFR   /           | CUSIP: 99S25QDF9<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10810 | NC      | $-32321.90    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-02-24

**Name of Applicant:** Investment Managers Series Trust III

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President