# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-000465
**Filing Date:** 2025-8
**Character Count:** 11746
**Document Hash:** 5f3343f4cfe409a28aab572424a1cd43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000465.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000465

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251274818

**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

### The Teberg Fund (Series ID: S000043255)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000133836 | The Teberg Fund No-Load Class  | TEBRX           |
| C000248905 | The Teberg Fund Investor Class | ABSTX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG 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** |
|  | **COMMON STOCKS — 10.6%** |  |
|  | **INSURANCE - 10.6%** |  |
| 9 | Berkshire Hathaway, Inc., Class A (Cost $3,495,973)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $6559200 |
|  | **EXCHANGE-TRADED FUNDS — 71.1%** |  |
|  | **EQUITY - 71.1%** |  |
| 22000 | Financial Select Sector SPDR ETF | &nbsp;&nbsp;&nbsp; 1152140 |
| 18900 | Invesco QQQ Trust Series 1 ETF | &nbsp;&nbsp;&nbsp; 10425996 |
| 18999 | iShares Core S&P Small-Cap ETF | &nbsp;&nbsp;&nbsp; 2076401 |
| 8674 | iShares Russell 2000 ETF | &nbsp;&nbsp;&nbsp; 1871762 |
| 23550 | iShares Semiconductor ETF | &nbsp;&nbsp;&nbsp; 5621385 |
| 11400 | SPDR Dow Jones Industrial Average ETF | &nbsp;&nbsp;&nbsp; 5023410 |
| 8920 | SPDR S&P 500 ETF Trust ETF | &nbsp;&nbsp;&nbsp; 5511222 |
| 2100 | Technology Select Sector SPDR ETF | &nbsp;&nbsp;&nbsp; 531783 |
| 42484 | VanEck Semiconductor ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11847938 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $13,884,180)** | &nbsp;&nbsp; 44062037 |
|  | **EXCHANGE-TRADED NOTES — 0.4%** |  |
|  | **EQUITY - 0.4%** |  |
| 4000 | MicroSectors FANG+ ETNs (Cost $247,590)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260600 |
|  | **OPEN END FUNDS — 1.4%** |  |
|  | **EQUITY - 1.2%** |  |
| 16581 | Fidelity Low-Priced Stock Fund | &nbsp;&nbsp;&nbsp; 723277 |
|  | **MIXED ALLOCATION - 0.2%** |  |
| 61862 | Franklin Income Fund, Advisor Class | &nbsp;&nbsp;&nbsp; 147851 |
|  | **TOTAL OPEN END FUNDS (Cost $801,254)** | &nbsp;&nbsp; 871128 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | | | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 16.5%** | | | |
|  | **MONEY MARKET FUNDS - 8.1%** | | | |
| 5033462 | First American Government Obligations Fund, Class X, 4.25%<sup>(b)</sup> | First American Government Obligations Fund, Class X, 4.25%<sup>(b)</sup> |  | $5033462 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** |  |
|  | **U.S. TREASURY BILLS - 8.4%** |  |  |  |
| 5200000 | United States Treasury Bill | 4.2700 | 09/04/25 | 5160121 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $10,193,607)** |  |  | &nbsp;&nbsp; 10193583 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $28,622,604)** |  |  | &nbsp;&nbsp;&nbsp; $61946548 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS – (0.0)%**<sup>(c)</sup> |  |  | &nbsp;&nbsp; (17450) |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $61929098 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| ETN | - Exchange-Traded Note |
| SPDR | - Standard & Poor's Depositary Receipt |

---

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

<sup>(b)</sup> Rate disclosed is the seven day effective yield as of June 30, 2025.

<sup>(c)</sup> Amount represents less than 0.05%.

## 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:** Teberg Fund

- **b. EDGAR series identifier (if any):** S000043255

- **c. LEI of Series:** 549300RVYFVVDBENB284

**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:** $62232766.02

**Total Liabilities:** $303667.65

**Net Assets:** $61929098.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133836 | -0.78%               | 5.35%                | 6.20%                |
| Class ID C000248905 | -0.87%               | 5.27%                | 6.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-316123.43                                |
| Month 2  | $0.01                    | $2941507.67                                |
| Month 3  | $0.00                    | $3559288.46                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust                | ISHARES SEMICOND | CUSIP: 464287523<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     23550 | NS      | $5621385.00   | 9.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal             | M/SECT FANG+ETN  | CUSIP: 06368B504<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      4000 | NS      | $260600.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills | B 09/04/25       | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5200000 | PA      | $5160120.68   | 8.33%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust     | SPDR-FINL SELECT | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     22000 | NS      | $1152140.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                | ISHARES CORE S&P | CUSIP: 464287804<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     18999 | NS      | $2076400.71   | 3.35%             |  |  |  | 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        |      8920 | NS      | $5511222.00   | 8.90%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                | ISHARES RUSSELL  | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8674 | NS      | $1871762.46   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust             | V/E SEMICONDUCT  | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     42484 | NS      | $11847937.92  | 19.13%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.    | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   5033462 | PA      | $5033462.41   | 8.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Custodian Funds     | FRNK-INCOME-ADV  | CUSIP: 353496847<br>LEI: 549300PYEMTLTOE2MK86 | Long             | EC               | RF                | US        |     61862 | NS      | $147851.16    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.      | BERKSHIRE HATH-A | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         9 | NS      | $6559200.00   | 10.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Dow Jones Ind           | SPDR DJIA TRUST  | CUSIP: 78467X109<br>LEI: 54930039F2SG3UG2OZ18 | Long             | EC               | RF                | US        |     11400 | NS      | $5023410.00   | 8.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Puritan Trust       | FID-LOW PR STK   | CUSIP: 316345305<br>LEI: WDA1I420M36T9HTVU696 | Long             | EC               | RF                | US        |     16581 | NS      | $723276.22    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust, Series 1  | INVESCO QQQ TRUS | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     18900 | NS      | $10425996.00  | 16.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust     | SPDR-TECH SEL S  | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      2100 | NS      | $531783.00    | 0.86%             |  |  |  | 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