# EDGAR Filing Document

**Accession Number:** 0000893818
**File Stem:** 0001193125-25-309434
**Filing Date:** 2025-12
**Character Count:** 13007
**Document Hash:** 53e9c7d087940cfc9634fc08332dc336
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309434.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309434

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**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:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07332
- **FILM NUMBER:** 251552519

**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 Cash Funds: Institutional (Series ID: S000004275)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000074119 | SL Agency Shares |  |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000893818

### General Information

**Report for (YYYY-MM-DD):** 2025-11-30

**Registrant Full Name:** BlackRock Funds III

**CIK Number of Registrant:** 0000893818

**LEI of Registrant:** 5493008LW2651I1QB503

**Name of Series:** BlackRock Cash Funds: Institutional

**LEI of Series:** 549300JDHS1T46VWOG19

**EDGAR Series Identifier:** S000004275

**Total number of share classes in the series:** 1

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                   | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | BlackRock Fund Advisors                                   | 801-22609         |
| Independent Public Accountant | PricewaterhouseCoopers<br>City: Philadelphia<br>State: PA |  |
| Administrator                 | BlackRock Advisors, LLC                                   |  |
| Transfer Agent                | State Street Bank and Trust Company<br>CIK: 0000839287    | 085-05003         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-54126

- **Is this a Feeder Fund?:** Yes

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Prime

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 1 days

- **WAL:** 1 days

- **Total Value of Portfolio Securities:** $75812836366.90

- **Amortized Cost of Portfolio Securities:** $0.00

- **Cash:** $0.00

- **Total Other Assets:** $960.00

- **Total Liabilities:** $256096308.80

- **Net Assets of Series:** $75556741018.10

- **Number of Shares Outstanding (Series):** 75520304013.2700

- **Does the fund seek to maintain a stable price per share?:** No

- **Stable Price Per Share:** $0.00

- **Is cash management vehicle an affiliated fund?:** Yes

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-11-03 | $34990317770.02           | $47922801474.58            | 42.5600%                  | 58.2800%                   |
| 2025-11-04 | $35963568738.15           | $46434786362.97            | 44.8500%                  | 57.9100%                   |
| 2025-11-05 | $33511866626.51           | $44701526743.04            | 42.7200%                  | 56.9800%                   |
| 2025-11-06 | $33491542333.66           | $45440729441.50            | 42.5500%                  | 57.7300%                   |
| 2025-11-07 | $33006008703.55           | $43838276127.96            | 42.5500%                  | 56.5100%                   |
| 2025-11-10 | $35164091056.62           | $44484642562.33            | 45.1500%                  | 57.1200%                   |
| 2025-11-11 | $35836876537.08           | $44696897825.84            | 46.0200%                  | 57.3900%                   |
| 2025-11-12 | $32620035927.34           | $43601259616.99            | 42.5500%                  | 56.8800%                   |
| 2025-11-13 | $31573471083.58           | $42436357824.65            | 41.5900%                  | 55.9000%                   |
| 2025-11-14 | $30268187794.75           | $41206713628.06            | 40.8400%                  | 55.6000%                   |
| 2025-11-17 | $29857412932.90           | $40846456297.67            | 40.5900%                  | 55.5300%                   |
| 2025-11-18 | $31828112516.66           | $40655325642.42            | 43.3800%                  | 55.4100%                   |
| 2025-11-19 | $30807630874.83           | $40415966947.60            | 42.1000%                  | 55.2300%                   |
| 2025-11-20 | $31132495581.97           | $40844777871.01            | 42.2000%                  | 55.3600%                   |
| 2025-11-21 | $30916132887.58           | $40309142340.52            | 42.0400%                  | 54.8100%                   |
| 2025-11-24 | $31182022093.99           | $40075668677.31            | 42.5400%                  | 54.6700%                   |
| 2025-11-25 | $35301116707.73           | $43608375584.28            | 46.0300%                  | 56.8600%                   |
| 2025-11-26 | $33174257264.98           | $42870049163.39            | 43.5900%                  | 56.3300%                   |
| 2025-11-28 | $34098815297.85           | $43174588910.07            | 44.7000%                  | 56.5900%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-11-03 | 4.3400%             |
| 2025-11-04 | 4.3200%             |
| 2025-11-05 | 4.2800%             |
| 2025-11-06 | 4.2600%             |
| 2025-11-07 | 4.1900%             |
| 2025-11-10 | 4.1600%             |
| 2025-11-11 | 4.1600%             |
| 2025-11-12 | 4.1600%             |
| 2025-11-13 | 4.1700%             |
| 2025-11-14 | 4.1800%             |
| 2025-11-17 | 4.1800%             |
| 2025-11-18 | 4.1900%             |
| 2025-11-19 | 4.1800%             |
| 2025-11-20 | 4.1800%             |
| 2025-11-21 | 4.1500%             |
| 2025-11-24 | 4.1400%             |
| 2025-11-25 | 4.1400%             |
| 2025-11-26 | 4.1500%             |
| 2025-11-28 | 4.2000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-11-03 | 1.0005                      |
|  |  |
| 2025-11-04 | 1.0005                      |
|  |  |
| 2025-11-05 | 1.0005                      |
|  |  |
| 2025-11-06 | 1.0005                      |
|  |  |
| 2025-11-07 | 1.0005                      |
|  |  |
| 2025-11-10 | 1.0005                      |
|  |  |
| 2025-11-11 | 1.0005                      |
|  |  |
| 2025-11-12 | 1.0005                      |
|  |  |
| 2025-11-13 | 1.0005                      |
|  |  |
| 2025-11-14 | 1.0005                      |
|  |  |
| 2025-11-17 | 1.0005                      |
|  |  |
| 2025-11-18 | 1.0005                      |
|  |  |
| 2025-11-19 | 1.0005                      |
|  |  |
| 2025-11-20 | 1.0005                      |
|  |  |
| 2025-11-21 | 1.0005                      |
|  |  |
| 2025-11-24 | 1.0005                      |
|  |  |
| 2025-11-25 | 1.0005                      |
|  |  |
| 2025-11-26 | 1.0005                      |
|  |  |
| 2025-11-28 | 1.0005                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: SL Agency Shares

- **Minimum Initial Investment:** $100000000.00

- **Net Assets of Class:** $75556741018.10

- **Number of Shares Outstanding:** 75520304013.2700

- **Expense Reimbursement/Waiver:** 960.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 1.0005          |
|  |  |
| 2025-11-04 | 1.0005          |
|  |  |
| 2025-11-05 | 1.0005          |
|  |  |
| 2025-11-06 | 1.0005          |
|  |  |
| 2025-11-07 | 1.0005          |
|  |  |
| 2025-11-10 | 1.0005          |
|  |  |
| 2025-11-11 | 1.0005          |
|  |  |
| 2025-11-12 | 1.0005          |
|  |  |
| 2025-11-13 | 1.0005          |
|  |  |
| 2025-11-14 | 1.0005          |
|  |  |
| 2025-11-17 | 1.0005          |
|  |  |
| 2025-11-18 | 1.0005          |
|  |  |
| 2025-11-19 | 1.0005          |
|  |  |
| 2025-11-20 | 1.0005          |
|  |  |
| 2025-11-21 | 1.0005          |
|  |  |
| 2025-11-24 | 1.0005          |
|  |  |
| 2025-11-25 | 1.0005          |
|  |  |
| 2025-11-26 | 1.0005          |
|  |  |
| 2025-11-28 | 1.0005          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $3660040783.13            | $1301459298.07          |
| 2025-11-04 | $845137468.46             | $2904259906.77          |
| 2025-11-05 | $1131637937.55            | $3371446372.33          |
| 2025-11-06 | $3033490935.66            | $2285687376.52          |
| 2025-11-07 | $1441769603.55            | $3201139452.91          |
| 2025-11-10 | $2328529165.59            | $2104886663.26          |
| 2025-11-12 | $2216863773.96            | $2958444940.09          |
| 2025-11-13 | $1848500489.18            | $2999741298.90          |
| 2025-11-14 | $2015323413.26            | $3253117739.14          |
| 2025-11-17 | $1818414787.05            | $3094551429.68          |
| 2025-11-18 | $2571238317.08            | $2236569056.77          |
| 2025-11-19 | $1489817094.14            | $1877567797.64          |
| 2025-11-20 | $1910967802.50            | $2084753476.92          |
| 2025-11-21 | $1014983817.13            | $2059527830.68          |
| 2025-11-24 | $2333748711.89            | $1602658059.49          |
| 2025-11-25 | $5652478728.05            | $1488552994.92          |
| 2025-11-26 | $2144080870.38            | $2600044417.64          |
| 2025-11-28 | $2211803912.53            | $2534419591.11          |

**Total Gross Subscriptions (Month):** $39668827611.09

**Total Gross Redemptions (Month):** $43958827702.84

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 4.2500%           |
| 2025-11-04 | 4.2300%           |
| 2025-11-05 | 4.1900%           |
| 2025-11-06 | 4.1600%           |
| 2025-11-07 | 4.1000%           |
| 2025-11-10 | 4.0700%           |
| 2025-11-11 | 4.0700%           |
| 2025-11-12 | 4.0700%           |
| 2025-11-13 | 4.0800%           |
| 2025-11-14 | 4.0900%           |
| 2025-11-17 | 4.0900%           |
| 2025-11-18 | 4.1000%           |
| 2025-11-19 | 4.0900%           |
| 2025-11-20 | 4.0900%           |
| 2025-11-21 | 4.0600%           |
| 2025-11-24 | 4.0500%           |
| 2025-11-25 | 4.0500%           |
| 2025-11-26 | 4.0600%           |
| 2025-11-28 | 4.1100%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Registered investment company                       |  | 99.9800%         | 0.0000%              |
| Depository institution or other banking institution |  | 0.0200%          | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Money Market Master Portfolio

- **C.1 - Title:** Money Market Master Portfolio 0.000000%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: BLKRK0BBO, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $75812836366.90
- **C.18.a - Value (excl. sponsor support):** $75812836366.90
- **C.19 - Percentage of Net Assets:** 100.0000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** BlackRock Funds III

**Date:** 2025-12-04

**By:** /s/ Chuck Pulsfort

**Name of Signing Officer:** Chuck Pulsfort

**Title of Signing Officer:** Assistant Treasurer