# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-003721
**Filing Date:** 2025-9
**Character Count:** 11248
**Document Hash:** 84ebcb44864e968e803aa3e2008ebd02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003721.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002000324-25-003721

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**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:** 811-23312
- **FILM NUMBER:** 251350333

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### FIRE Funds(TM) Income Target ETF (Series ID: S000088498)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000254785 | FIRE Funds(TM) Income Target ETF | FIRI            |

## Nport-Ex

---

| |
|:---|
| **FIRE™ Funds Income Target ETF** |
| **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 96.6%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Academy Veteran Impact ETF | 7617 | $150580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambria Tail Risk ETF | 11749 | 138991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carbon Collective Short Duration Green Bond ETF | 16750 | 341449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF | 2661 | 69399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FolioBeyond Alternative Income and Interest Rate Hedge ETF | 4250 | 155762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison Short-Term Strategic Income ETF | 16592 | 340965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nicholas Fixed Income Alternative ETF | 4362 | 79018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SoFi Enhanced Yield ETF | 3587 | 53769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax Bitcoin Option Income Strategy ETF | 4556 | 49934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax Gold Miners Option Income Strategy ETF | 4505 | 65458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax Target 12 Real Estate Option Income ETF | 997 | 50596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax Ultra Option Income Strategy ETF | 9000 | 55260 |
|  |  | 1551181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $1,609,517)** |  | 1551181 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**MONEY MARKET FUND - 3.3%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 4.214%<sup>(a)</sup> | 53780 | 53780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL MONEY MARKET FUND (Cost $53,780)** |  | 53780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.9% (Cost $1,663,297)** |  | $1604961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.1% |  | 1595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $1606556 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets.

(a) The rate
 shown represents the 7-day annualized effective yield as of July 31, 2025.

The accompanying notes are an integral part of these financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Fire Funds Income Target ETF

- **b. EDGAR series identifier (if any):** S000088498

- **c. LEI of Series:** 2549004637K12DJ29W85

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1617428.94

**Total Liabilities:** $10871.28

**Net Assets:** $1606557.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254785 | 0.78%                | 1.40%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-5585.39                                  |
| Month 2  | $0.00                    | $3614.60                                   |
| Month 3  | $-9890.11                | $3378.94                                   |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Veteran Impact ETF                         | Academy Veteran Impact ETF                                 | CUSIP: 886364389<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7617 | NS      | $150580.47    | 9.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Tail Risk ETF                              | Cambria Tail Risk ETF                                      | CUSIP: 132061862<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11749 | NS      | $138990.67    | 8.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Carbon Collective Short Duration Green Bond ETF    | Carbon Collective Short Duration Green Bond ETF            | CUSIP: 88636J535<br>LEI: N/A                  | Long             | EC               | RF                | US        |     16750 | NS      | $341448.75    | 21.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Defiance Nasdaq 100 Enhanced Options & 0DTE Income | Defiance Nasdaq 100 Enhanced Options & 0DTE Income         | CUSIP: 88636J154<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2661 | NS      | $69398.88     | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                     | First American Government Obligations Fund                 | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     64651 | NS      | $64651.30     | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FolioBeyond Alternative Income                     | FolioBeyond Alternative Income and Interest Rate Hedge ETF | CUSIP: 886364637<br>LEI: 549300JTP3K4NOX5GH17 | Long             | EC               | RF                | US        |      4250 | NS      | $155762.50    | 9.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Short-Term Strategic Income ETF            | Madison Short-Term Strategic Income ETF                    | CUSIP: 557441201<br>LEI: N/A                  | Long             | EC               | RF                | US        |     16592 | NS      | $340965.60    | 21.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Nicholas Fixed Income Alternative ETF              | Nicholas Fixed Income Alternative ETF                      | CUSIP: 88634T535<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4362 | NS      | $79017.63     | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Enhanced Yield ETF                            | SoFi Enhanced Yield ETF                                    | CUSIP: 886364280<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3587 | NS      | $53769.13     | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax Bitcoin Option Income                     | YieldMax Bitcoin Option Income Strategy ETF                | CUSIP: 88636J428<br>LEI: 2549000RRVC36Z5IBG74 | Long             | EC               | RF                | US        |      4556 | NS      | $49933.76     | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax Gold Miners Option Income Strategy ETF    | YieldMax Gold Miners Option Income Strategy ETF            | CUSIP: 88634T881<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4505 | NS      | $65457.65     | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax Target 12 Real Estate Option Income ETF   | YieldMax Target 12 Real Estate Option Income ETF           | CUSIP: 88636R776<br>LEI: N/A                  | Long             | EC               | RF                | US        |       997 | NS      | $50596.25     | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax Ultra Option Income Strategy ETF          | YieldMax Ultra Option Income Strategy ETF                  | CUSIP: 88636J527<br>LEI: N/A                  | Long             | EC               | RF                | US        |      9000 | NS      | $55260.00     | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer