# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-003422
**Filing Date:** 2026-2
**Character Count:** 12891
**Document Hash:** d45affa4fc56ad771634d12b92976bb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003422.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003422

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26699645

**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

### Counterpoint High Yield Trend ETF (Series ID: S000067284)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000216396 | Counterpoint High Yield Trend ETF | HYTR            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT HIGH YIELD TREND ETF** | **COUNTERPOINT HIGH YIELD TREND ETF** | **COUNTERPOINT HIGH YIELD TREND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 99.4%** |  |
|  | **FIXED INCOME - 99.4%** |  |
| 2464906 | iShares Broad USD High Yield Corporate Bond ETF | $92175160 |
| 858061 | iShares iBoxx $ High Yield Corporate Bond ETF | 69185458 |
| 712042 | SPDR Bloomberg High Yield Bond ETF<sup>(a)</sup> | 69217603 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $226,559,385)** | 230578221 |
|  | **SHORT-TERM INVESTMENTS — 18.7%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 18.7%** |  |
| 43322625 | Fidelity Investments Money Market Government Portfolio, Institutional Class, 3.73% (Cost $43,322,625)<sup>(b),(c)</sup> | 43322625 |
|  | **TOTAL INVESTMENTS - 118.1% (Cost $269,882,010)** | $273900846 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (18.1)%** | (42068125) |
|  | **NET ASSETS - 100.0%** | $231832721 |

---

ETF - Exchange-Traded Fund <br> SPDR - Standard & Poor's Depositary Receipt <br>

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of December 31, 2025 was $42,432,165.

<sup>(b)</sup> Security was purchased with cash received as collateral for securities on loan at December 31, 2025. Total collateral had a value of $43,322,625 at December 31, 2025.

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.3%** |  |
|  | **AEROSPACE & DEFENSE - 4.0%** |  |
| 4982 | Elbit Systems Ltd. | $2878151 |
| 13942 | Howmet Aerospace, Inc. | 2858389 |
|  |  | 5736540 |
|  | **AUTOMOTIVE - 6.1%** |  |
| 165116 | Garrett Motion, Inc. | 2877972 |
| 1041726 | Microvast Holdings, Inc.<sup>(a)</sup> | 2916833 |
| 688641 | Solid Power, Inc.<sup>(a)</sup> | 2926724 |
|  |  | 8721529 |
|  | **BIOTECH & PHARMA - 4.0%** |  |
| 132016 | Roivant Sciences Ltd.<sup>(a)</sup> | 2864747 |
| 228996 | Viatris, Inc. | 2851000 |
|  |  | 5715747 |
|  | **CABLE & SATELLITE - 2.0%** |  |
| 256928 | Liberty Global Ltd., Class A<sup>(a)</sup> | 2862178 |
|  | **CHEMICALS - 4.0%** |  |
| 207440 | FMC Corporation | 2877193 |
| 34999 | Qnity Electronics, Inc. | 2857668 |
|  |  | 5734861 |
|  | **COMMERCIAL SUPPORT SERVICES - 4.0%** |  |
| 181313 | AMN Healthcare Services, Inc.<sup>(a)</sup> | 2857493 |
| 160310 | Enviri Corporation<sup>(a)</sup> | 2872755 |
|  |  | 5730248 |
|  | **CONSUMER SERVICES - 2.0%** |  |
| 173515 | NIQ Global Intelligence PLC<sup>(a)</sup> | 2861262 |
|  | **ENGINEERING & CONSTRUCTION - 2.0%** |  |
| 8409 | Dycom Industries, Inc.<sup>(a)</sup> | 2841401 |
|  | **FOOD - 2.0%** |  |
| 221729 | Herbalife Ltd.<sup>(a)</sup> | 2858087 |
|  | **HEALTH CARE FACILITIES & SERVICES - 8.0%** |  |
| 352368 | Aveanna Healthcare Holdings, Inc.<sup>(a)</sup> | 2878847 |

---

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.3% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 8.0% (Continued)** |  |
| 76495 | BrightSpring Health Services, Inc.<sup>(a)</sup> | $2864738 |
| 267483 | Brookdale Senior Living, Inc.<sup>(a)</sup> | 2886141 |
| 69398 | Centene Corporation<sup>(a)</sup> | 2855728 |
|  |  | 11485454 |
|  | **HOUSEHOLD PRODUCTS - 2.0%** |  |
| 924112 | Coty, Inc., Class A<sup>(a)</sup> | 2846265 |
|  | **INSURANCE - 2.0%** |  |
| 147743 | Slide Insurance Holdings, Inc.<sup>(a)</sup> | 2878034 |
|  | **INTERNET MEDIA & SERVICES - 2.0%** |  |
| 9152 | Alphabet, Inc., Class A | 2864576 |
|  | **MEDICAL EQUIPMENT & DEVICES - 4.0%** |  |
| 87580 | Axogen, Inc.<sup>(a)</sup> | 2866493 |
| 99470 | Tactile Systems Technology, Inc.<sup>(a)</sup> | 2884630 |
|  |  | 5751123 |
|  | **METALS & MINING - 10.1%** |  |
| 33560 | Anglogold Ashanti PLC | 2861997 |
| 65795 | Barrick Mining Corporation | 2865372 |
| 57260 | MP Materials Corporation<sup>(a)</sup> | 2892775 |
| 28614 | Newmont Corporation | 2857108 |
| 554109 | NioCorp Developments Ltd.<sup>(a)</sup> | 2936778 |
|  |  | 14414030 |
|  | **OIL & GAS PRODUCERS - 4.0%** |  |
| 96717 | Delek US Holdings, Inc. | 2868626 |
| 104897 | PBF Energy, Inc., Class A | 2844807 |
|  |  | 5713433 |
|  | **RENEWABLE ENERGY - 4.0%** |  |
| 254192 | Eos Energy Enterprises, Inc.<sup>(a)</sup> | 2913040 |
| 99921 | SolarEdge Technologies, Inc.<sup>(a)</sup> | 2882721 |
|  |  | 5795761 |

---

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.3% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 23315 | Dollar Tree, Inc.<sup>(a)</sup> | $2867978 |
|  | **RETAIL - DISCRETIONARY - 4.0%** |  |
| 73323 | Advance Auto Parts, Inc. | 2881594 |
| 111338 | National Vision Holdings, Inc.<sup>(a)</sup> | 2874747 |
|  |  | 5756341 |
|  | **SEMICONDUCTORS - 4.0%** |  |
| 10059 | Micron Technology, Inc. | 2870939 |
| 24267 | Tower Semiconductor Ltd.<sup>(a)</sup> | 2849431 |
|  |  | 5720370 |
|  | **SOFTWARE - 10.1%** |  |
| 175967 | Accelerant Holdings<sup>(a)</sup> | 2877060 |
| 81663 | Clear Secure, Inc., Class A | 2864738 |
| 576408 | Digital Turbine, Inc.<sup>(a)</sup> | 2882040 |
| 61953 | Hinge Health, Inc.<sup>(a)</sup> | 2877717 |
| 183755 | Omada Health, Inc.<sup>(a)</sup> | 2899654 |
|  |  | 14401209 |
|  | **TECHNOLOGY SERVICES - 10.0%** |  |
| 113951 | Chime Financial, Inc.<sup>(a)</sup> | 2868147 |
| 148972 | CompoSecure, Inc.<sup>(a)</sup> | 2872180 |
| 42585 | Fiserv, Inc.<sup>(a)</sup> | 2860434 |
| 99851 | Klarna Group PLC<sup>(a)</sup> | 2886693 |
| 250853 | Terawulf, Inc.<sup>(a)</sup> | 2882301 |
|  |  | 14369755 |
|  | **TRANSPORTATION & LOGISTICS - 4.0%** |  |
| 85057 | Okeanis Eco Tankers Corporation | 2878329 |
| 135321 | ZIM Integrated Shipping Services Ltd. | 2872865 |
|  |  | 5751194 |
|  | **TOTAL COMMON STOCKS (Cost $143,125,704)** | 143677376 |
|  | **TOTAL INVESTMENTS - 100.3% (Cost $143,125,704)** | $143677376 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%** | (492087) |
|  | **NET ASSETS - 100.0%** | $143185289 |

---

---

| | |
|:---|:---|
| Ltd. | - Limited Company |
| PLC | - Public Limited Company |

---

<sup>(a)</sup> Non-income producing security.

<sup>(c)</sup> Rate disclosed is the seven day effective yield as of December 31, 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:** Counterpoint High Yield Trend ETF

- **b. EDGAR series identifier (if any):** S000067284

- **c. LEI of Series:** 5493006HH8Z3PX8JNW39

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

- **a. Date of fiscal year-end:** 2026-09-30

- **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:** $232301504.99

**Total Liabilities:** $468784.11

**Net Assets:** $231832720.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216396 | -0.06%               | 0.68%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $30028.81                | $-1054606.82                               |
| Month 2  | $0.00                    | $600652.61                                 |
| Month 3  | $-8539.53                | $-1165220.72                               |

**Designated Index Information**

- **Index Name:** CP HY ETF DRP

- **Index Identifier:** CP HY ETF DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A               | FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| iShares Trust     | ISHARES IBOXX HI                              | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    858061 | NS      | $69185458.43  | 29.84%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust     | ISHARES BROAD US                              | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   2464906 | NS      | $92175159.87  | 39.76%            |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust | SPDR BLOOMBERG H                              | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    712042 | NS      | $69217602.82  | 29.86%            |  |  |  | No            | 1                  | On Loan: —       |
| BBH SWEEP VEHICLE | BBH SWEEP VEHICLE                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1366939 | PA      | $1366938.56   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer