# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-25-184698
**Filing Date:** 2025-8
**Character Count:** 15319
**Document Hash:** da9abf5a499909b8fccede9ed755cdc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-184698.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001752724-25-184698

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**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:** 251176289

**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

### Pinnacle Multi-Strategy Core Fund (Series ID: S000050600)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000159719 | Pinnacle Multi-Strategy Core Fund Class A | APSHX           |
| C000159720 | Pinnacle Multi-Strategy Core Fund Class C | CPSHX           |
| C000159721 | Pinnacle Multi-Strategy Core Fund Class I | IPSHX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **PINNACLE MULTI-STRATEGY CORE FUND** | **PINNACLE MULTI-STRATEGY CORE FUND** | **PINNACLE MULTI-STRATEGY CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 96.2%** | |
|  | **EQUITY - 96.2%** | |
| 2695 | Communication Services Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; $292488 |
| 3240 | Consumer Staples Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 262343 |
| 3215 | Energy Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 272664 |
| 5390 | Financial Select Sector SPDR ETF | &nbsp;&nbsp;&nbsp; 282274 |
| 2750 | First Trust Capital Strength ETF | &nbsp;&nbsp;&nbsp; 249948 |
| 1990 | First Trust Dow Jones Internet Index Fund<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 535967 |
| 5980 | First Trust Morningstar Dividend Leaders Index Fund | &nbsp;&nbsp;&nbsp; 250383 |
| 1290 | First Trust NASDAQ-100 Technology Index Fund | &nbsp;&nbsp;&nbsp; 274551 |
| 1860 | Health Care Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 250709 |
| 1820 | Industrial Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 268486 |
| 5085 | Invesco QQQ Trust Series 1 | &nbsp;&nbsp;&nbsp; 2805089 |
| 4825 | iShares Expanded Tech-Software Sector ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 528338 |
| 2685 | iShares MSCI USA Min Vol Factor ETF | &nbsp;&nbsp;&nbsp; 252041 |
| 321950 | Pinnacle Focused Opportunities ETF<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8299260 |
| 6515 | Real Estate Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 269851 |
| 64945 | SPDR Portfolio Developed World ex-US ETF | &nbsp;&nbsp;&nbsp; 2629623 |
| 48330 | SPDR Portfolio S&P 400 Mid Cap ETF | &nbsp;&nbsp;&nbsp; 2628185 |
| 27665 | SPDR Portfolio S&P 500 Growth ETF | &nbsp;&nbsp;&nbsp; 2637028 |
| 30245 | SPDR S&P 400 Mid Cap Growth ETF | &nbsp;&nbsp;&nbsp; 2627383 |
| 8000 | SPDR S&P 500 ETF Trust ETF | &nbsp;&nbsp;&nbsp; 4942801 |
| 4230 | SPDR S&P Insurance ETF | &nbsp;&nbsp;&nbsp; 252700 |
| 4270 | SPDR S&P Metals & Mining ETF | &nbsp;&nbsp;&nbsp; 287029 |
| 1280 | Technology Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 324134 |
| 3395 | Utilities Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 277236 |
|  |  | &nbsp;&nbsp; 31700511 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $29,073,157)** | &nbsp;&nbsp;&nbsp; 31 ,700511 |

---

---

| | | |
|:---|:---|:---|
| **PINNACLE MULTI-STRATEGY CORE FUND** | **PINNACLE MULTI-STRATEGY CORE FUND** | **PINNACLE MULTI-STRATEGY CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 22.6%** | |
|  | **MONEY MARKET FUNDS - 22.6%** | |
| 7451850 | First American Government Obligations Fund, Class X, 4.21% (Cost $7,451,850)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; $7451850 |
|  | **TOTAL INVESTMENTS - 118.8% (Cost $36,525,007)** | &nbsp;&nbsp;&nbsp; $39152361 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (18.8)%** | &nbsp;&nbsp; (6188476) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp;$32963885 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| MSCI | - Morgan Stanley Capital International |
| SPDR | - Standard & Poor's Depositary Receipt |
| (a) | Non-income producing security. |
| (b) | Affiliated security. |
| (c) | Rate disclosed in the seven-day effective yield as of June 30, 2025. |

---

## 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:** Pinnacle Multi-Strategy Core Fund

- **b. EDGAR series identifier (if any):** S000050600

- **c. LEI of Series:** 549300C0TJBUH7KIHX42

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $39231559.94

**Total Liabilities:** $6267675.09

**Net Assets:** $32963884.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159719 | -1.78%               | 4.91%                | 2.96%                |
| Class ID C000159720 | -1.91%               | 4.90%                | 2.91%                |
| Class ID C000159721 | -1.83%               | 5.00%                | 2.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1477805.49             | $873407.84                                 |
| Month 2  | $471765.70               | $1073908.77                                |
| Month 3  | $277398.49               | $604734.84                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Select Sector Spdr Trust         | SPDR-ENERGY SEL           | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3215 | NS      | $272664.15    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-CONS STAPLE          | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3240 | NS      | $262342.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-UTIL SELECT          | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3395 | NS      | $277235.70    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.        | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   7451850 | PA      | $7451850.14   | 22.61%            |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund | FIRST TR 100 TCH          | CUSIP: 337345102<br>LEI: 549300MZB4XDLRWOC672 | Long             | EC               | RF                | US        |      1290 | NS      | $274550.70    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-FINL SELECT          | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      5390 | NS      | $282274.30    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                | SPDR S&P INSURANCE ETF    | CUSIP: 78464A789<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      4230 | NS      | $252700.20    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidal Trust II                   | PINNACLE FCSD OP          | CUSIP: 88634T519<br>LEI: 549300BGXECFCIZF2P89 | Long             | EC               | RF                | US        |    321950 | NS      | $8299259.30   | 25.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | REAL EST SEL SEC          | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      6515 | NS      | $269851.30    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                | SPDR S&P MET & M          | CUSIP: 78464A755<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      4270 | NS      | $287029.40    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                    | ISHARES MSCI USA          | CUSIP: 46429B697<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      2685 | NS      | $252040.95    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund | FIRST TRUST MORN DVD LEAD | CUSIP: 336917109<br>LEI: 549300MZB4XDLRWOC672 | Long             | EC               | RF                | US        |      5980 | NS      | $250382.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                | SPDR S&P 400 MID CAPGROWT | CUSIP: 78464A821<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     30245 | NS      | $2627383.15   | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                | SPDR PORT SP 400          | CUSIP: 78464A847<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     48330 | NS      | $2628185.40   | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund | FIRST TR INTRNET          | CUSIP: 33733E302<br>LEI: 549300MZB4XDLRWOC672 | Long             | EC               | RF                | US        |      1990 | NS      | $535966.70    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-HEALTH CARE          | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      1860 | NS      | $250709.40    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust, Series 1      | INVESCO QQQ TRUS          | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |      5085 | NS      | $2805089.40   | 8.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust           | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      8000 | NS      | $4942800.00   | 14.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-COMM SERV            | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      2695 | NS      | $292488.35    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Index Shares Funds          | SPDR PORTFOLIO DEVELOPED  | CUSIP: 78463X889<br>LEI: 5493001XGU6MOBRXUU78 | Long             | EC               | RF                | US        |     64945 | NS      | $2629623.05   | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                    | ISHARES EXPANDED          | CUSIP: 464287515<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4825 | NS      | $528337.50    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund | FIRST TRUST CAPITAL STREN | CUSIP: 33733E104<br>LEI: 549300MZB4XDLRWOC672 | Long             | EC               | RF                | US        |      2750 | NS      | $249947.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-TECH SEL S           | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      1280 | NS      | $324134.40    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust         | SPDR-INDU SELECT          | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      1820 | NS      | $268486.40    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                | SPDR PORTFOLIO S          | CUSIP: 78464A409<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     27665 | NS      | $2637027.80   | 8.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer