# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001410368-26-016949
**Filing Date:** 2026-2
**Character Count:** 17693
**Document Hash:** 697b94be251a97819add7957e7bcb5a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-016949.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001410368-26-016949

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds III
- **CENTRAL INDEX KEY:** 0000893818

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07332
- **FILM NUMBER:** 26668838

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 8006439691

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS GLOBAL INVESTORS FUNDS
- **DATE OF NAME CHANGE:** 20060201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BARCLAYS GLOBAL INVESTORS FUNDS INC
- **DATE OF NAME CHANGE:** 19990804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASTERWORKS FUNDS INC
- **DATE OF NAME CHANGE:** 19960607

## Series and Classes Contracts Data

### BlackRock LifePath Dynamic Retirement Fund (Series ID: S000004280)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000012001 | Investor A Shares    | LPRAX           |
| C000012002 | Institutional Shares | STLAX           |
| C000051483 | Class K              | LPSAX           |
| C000082489 | Class R Shares       | LPRRX           |
| C000088841 | Investor C Shares    | LPCRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Funds III

- **b. Investment Company Act file number:** 811-07332

- **c. CIK number of Registrant:** 0000893818

- **d. LEI of Registrant:** 5493008LW2651I1QB503

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock LifePath Dynamic Retirement Fund

- **b. EDGAR series identifier (if any):** S000004280

- **c. LEI of Series:** 549300IB5G82H7DAII84

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $556478153.03

**Total Liabilities:** $54230584.16

**Net Assets:** $502247568.87

**Cash Not Reported:** $5495922.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012001 | 0.37%                | 0.49%                | 0.43%                |
| Class ID C000012002 | 0.39%                | 0.49%                | 0.47%                |
| Class ID C000051483 | 0.40%                | 0.49%                | 0.54%                |
| Class ID C000082489 | 0.30%                | 0.40%                | 0.52%                |
| Class ID C000088841 | 0.31%                | 0.41%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37662.27                | $2679414.71                                |
| Month 2  | $485762.02               | $634544.89                                 |
| Month 3  | $6295.71                 | $-1663807.72                               |

**Designated Index Information**

- **Index Name:** LifePath Dynamic Custom Benchmark - Retirement

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BlackRock Real Estate Securities Fund                              | BlackRock Real Estate Securities Fund                 | CUSIP: 091936583<br>LEI: 549300619RPPBQL8JR35 | Long             | EC               | RF                | US        |     68122 | NS      | $1010246.43   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Tactical Opportunities Fund                              | BlackRock Tactical Opportunities Fund                 | CUSIP: 09258N570<br>LEI: 6FFMMI3AGWZH5SDXSF05 | Long             | EC               | RF                | US        |   1546359 | NS      | $24509787.14  | 4.88%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Diversified Fixed Income Fund                            | BlackRock Diversified Fixed Income Fund               | CUSIP: 09260W584<br>LEI: 549300SEQK2DPV0R7O94 | Long             | EC               | RF                | US        |  21418126 | NS      | $202829651.75 | 40.38%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED AUD / SOLD USD                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |         1 | NC      | $119607.63    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD AUD                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-11324.67    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $139216.46    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED CAD / SOLD USD                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $75610.06     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED EUR / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |         1 | NC      | $106674.64    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD EUR                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-229.50      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD JPY                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $2514.75      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED JPY / SOLD EUR                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $-424483.62   | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED JPY / SOLD USD                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $-278871.77   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| iShares MSCI Canada ETF                                            | iShares MSCI Canada ETF                               | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             | EC               | RF                | US        |     17264 | NS      | $931047.52    | 0.19%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Russell 2000 ETF                                           | iShares Russell 2000 ETF                              | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |      3639 | NS      | $895776.24    | 0.18%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares MSCI EAFE Small-Cap ETF                                    | iShares MSCI EAFE Small-Cap ETF                       | CUSIP: 464288273<br>LEI: 549300MJV5OZGVS4LX86 | Long             | EC               | RF                | US        |     75544 | NS      | $5856926.32   | 1.17%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Global Infrastructure ETF                                  | iShares Global Infrastructure ETF                     | CUSIP: 464288372<br>LEI: 549300ZC2N3HUK3DTK30 | Long             | EC               | RF                | US        |    147927 | NS      | $9076800.72   | 1.81%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares 0-5 Year TIPS Bond ETF                                     | iShares 0-5 Year TIPS Bond ETF                        | CUSIP: 46429B747<br>LEI: 549300GIWSEGOQLZR212 | Long             | EC               | RF                | US        |    468587 | NS      | $47978622.93  | 9.55%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                             | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |    288455 | NS      | $19389945.10  | 3.86%             |  |  |  | No            | 1                  | On Loan: —       |
| BlackRock Funds III                                                | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  26594822 | NS      | $26608119.28  | 5.30%             |  |  |  | No            | 1                  | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES                     | BlackRock Cash Funds: Treasury, SL Agency Shares      | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  24170776 | NS      | $24170776.37  | 4.81%             |  |  |  | No            | 1                  | On Loan: No      |
| DIVERSIFIED EQUITY MASTER                                          | DIVERSIFIED EQUITY MASTER MUTUAL FUNDS                | CUSIP: 999113103<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1410064 | NS      | $121744087.32 | 24.24%            |  |  |  | No            | N/A                | On Loan: No      |
| MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio | International Tilts Master Portfolio                  | CUSIP: 000000000<br>LEI: 5493004HUP3600ZFJ783 | Long             | EC               | RF                | US        |   1580493 | NS      | $37366324.98  | 7.44%             |  |  |  | No            | N/A                | On Loan: No      |
| Chicago Mercantile Exchange                                        | S+P500 EMINI FUT MAR26                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         8 | NC      | $-29784.75    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Osaka Exchange                                                     | TOPIX INDX FUTR MAR26                                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        68 | NC      | $114673.75    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                                  | EURO STOXX 50 MAR26                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -79 | NC      | $-21225.29    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EMGMKT MAR26                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        20 | NC      | $21732.60     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                             | MSCI EAFE MAR26                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        26 | NC      | $10312.38     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US LONG BOND(CBT) MAR26                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        59 | NC      | $-78420.79    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)MAR26                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         6 | NC      | $-4369.39     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US ULTRA BOND CBT MAR26                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -207 | NC      | $379007.69    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | NASDAQ 100 E-MINI MAR26                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -30 | NC      | $307296.11    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 MAR26                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        16 | NC      | $-92588.35    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US 5YR NOTE (CBT) MAR26                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       230 | NC      | $-38095.36    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR ULTRA FUT MAR26                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $-5528.36     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                         | S+P/TSX 60 IX FUT MAR26                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        18 | NC      | $12424.58     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                        | SP500 MIC EMIN FUTMAR26                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -7 | NC      | $2583.30      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** BlackRock Funds III

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer