# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004263
**Filing Date:** 2025-11
**Character Count:** 12438
**Document Hash:** 8da04d770210e11e3bc8d36780bc6885
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004263.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004263

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 251527071

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2621

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### Absolute Capital Defender Fund (Series ID: S000051216)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000161387 | Absolute Capital Defender Fund Class A Shares             | ACMAX           |
| C000161388 | Absolute Capital Defender Fund Institutional Class Shares | ACMIX           |
| C000161389 | Absolute Capital Defender Fund Investor Class Shares      | ACMDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST III

- **b. Investment Company Act file number:** 811-22655

- **c. CIK number of Registrant:** 0001537140

- **d. LEI of Registrant:** 549300PPUECJSQFBYV98

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Absolute Capital Defender Fund

- **b. EDGAR series identifier (if any):** S000051216

- **c. LEI of Series:** 5493001IKPBKJOOLYY67

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $28354967.76

**Total Liabilities:** $624388.87

**Net Assets:** $27730578.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161388 | 0.52%                | 2.07%                | 1.52%                |
| Class ID C000161389 | 0.56%                | 1.93%                | 1.45%                |
| Class ID C000161387 | 0.61%                | 1.98%                | 1.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $71538.07                | $61967.42                                  |
| Month 2  | $45138.69                | $537717.09                                 |
| Month 3  | $38205.50                | $334022.05                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR Series Trust                         | SPDR-SP1500 VAL           | CUSIP: 78464A128<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     14500 | NS      | $2959758.85   | 10.67%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes              | T 3 7/8 12/31/27          | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1400000 | PA      | $1408093.75   | 5.08%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Vanguard World Fund                       | VANGUARD COMMUNI          | CUSIP: 92204A884<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      8200 | NS      | $1539386.00   | 5.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                            | BLACKSTONE INC            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      4100 | NS      | $700485.00    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                 | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1966003 | PA      | $1966003.19   | 7.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                             | NETFLIX INC               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       400 | NS      | $479568.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                 | VANGUARD RUSSELL 2000 ETF | CUSIP: 92206C664<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |      8100 | NS      | $792342.00    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | VANGUARD S&P 500          | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      1000 | NS      | $612380.00    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | VANGUARD M/C GRW          | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      2800 | NS      | $822612.00    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation              | COSTCO WHOLESALE          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       500 | NS      | $462815.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHARES MORNINGS          | CUSIP: 464288109<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     20500 | NS      | $1845410.00   | 6.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                               | ECOLAB INC                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1100 | NS      | $301246.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II     | INVESCO S&P 500           | CUSIP: 46138G698<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     13500 | NS      | $1493910.00   | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHA CURR HEDGED MSCI EAF | CUSIP: 46434V803<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     14000 | NS      | $554540.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                           | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1300 | NS      | $673335.00    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                  | ILLINOIS TOOL WO          | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      1100 | NS      | $286836.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                       | VANGUARD CN ST E          | CUSIP: 92204A207<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      4500 | NS      | $961785.00    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | VANGUARD FTSE ALL-WORLD E | CUSIP: 922042775<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     11200 | NS      | $799344.00    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes              | T 4 3/8 12/15/26          | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $705687.50    | 2.54%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc.                   | BERKSHIRE HATH-B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1500 | NS      | $754110.00    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                 | GOLDMAN SACHS GP          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1200 | NS      | $955620.00    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 10/02/25                | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2499721.70   | 9.01%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                  | SPDR-TECH SEL S           | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3400 | NS      | $958324.00    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | VISA INC-CLASS A          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1000 | NS      | $341380.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Detroit Street Trust                | JAN HEND AAA CLO          | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |     15000 | NS      | $761700.00    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHARES CORE DIV          | CUSIP: 46435U861<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     50000 | NS      | $2612500.00   | 9.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer