# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-26-001182
**Filing Date:** 2026-3
**Character Count:** 25777
**Document Hash:** d572511b27fa94f882c275e92667f79c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001182.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002000324-26-001182

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260731

**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:** 26803790

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**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

### VistaShares Target 15 DRUKMacro Distribution ETF (Series ID: S000094437)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000262947 | VistaShares Target 15 DRUKMacro Distribution ETF |  |

## 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:** Vistashares Target 15 Drukmacro Distribution ETF

- **b. EDGAR series identifier (if any):** S000094437

- **c. LEI of Series:** 254900RF5YJZNNQUR573

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $20869502.27

**Total Liabilities:** $472648.75

**Net Assets:** $20396853.52

**Cash Not Reported:** $557377.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262947 | 7.03%                | -0.32%               | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2284.21                 | $209056.55                                 |
| Month 2  | $113165.71               | $-148123.14                                |
| Month 3  | $65626.39                | $-47165.87                                 |

**Designated Index Information**

- **Index Name:** NYSE FANG+ Total Return Index

- **Index Identifier:** NYFANGT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      2944 | NS      | $704499.20    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      6710 | NS      | $356972.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp                  | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1230 | NS      | $390930.90    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      3553 | NS      | $411117.63    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     10772 | NS      | $217163.52    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                   | Docusign Inc                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     12465 | NS      | $654911.10    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions In | Figure Technology Solutions Inc            | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3413 | NS      | $194131.44    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2819675 | NS      | $2819675.02   | 13.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                     | Insmed Inc                                 | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     12098 | NS      | $1897813.26   | 9.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       141 | NS      | $302838.39    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       609 | NS      | $436348.50    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -29 | NC      | $-10802.50    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $3958.50      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -67 | NC      | $-10887.50    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        67 | NC      | $3115.50      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Carpenter Technology Corp                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-2910.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Carpenter Technology Corp                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        12 | NC      | $1620.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Citigroup Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -35 | NC      | $-4865.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Citigroup Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        35 | NC      | $1610.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coupang Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       402 | NC      | $304515.00    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coupang Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       107 | NC      | $2728.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coupang Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -107 | NC      | $-4761.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coupang Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       402 | NC      | $32964.00     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coupang Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -402 | NC      | $-56883.00    | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Docusign Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -124 | NC      | $-5456.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Docusign Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       124 | NC      | $4340.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Figure Technology Solutions Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       126 | NC      | $332640.00    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Figure Technology Solutions Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -160 | NC      | $-34800.00    | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Figure Technology Solutions Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       160 | NC      | $20400.00     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Insmed Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -120 | NC      | $-14700.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Insmed Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       120 | NC      | $16800.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $104940.00    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-16320.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $6960.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-37155.00    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $22485.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Natera Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -162 | NC      | $-46980.00    | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Natera Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       162 | NC      | $20250.00     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Newamsterdam Pharma Co NV                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -99 | NC      | $-12375.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Newamsterdam Pharma Co NV                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        99 | NC      | $5197.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Restaurant Brands International Inc        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-4375.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Restaurant Brands International Inc        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        70 | NC      | $2100.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Roku Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -60 | NC      | $-9390.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Roku Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        60 | NC      | $7590.00      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Stubhub Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -506 | NC      | $-45540.00    | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Stubhub Holdings Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       506 | NC      | $21505.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        42 | NC      | $341355.00    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -53 | NC      | $-7526.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        53 | NC      | $2968.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Teva Pharmaceutical Industries Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -310 | NC      | $-57195.00    | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Teva Pharmaceutical Industries Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       310 | NC      | $38285.00     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Teva Pharmaceutical Industries Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -592 | NC      | $-44400.00    | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Teva Pharmaceutical Industries Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       592 | NC      | $16280.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Twilio Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -28 | NC      | $-6958.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Twilio Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        28 | NC      | $4900.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Westinghouse Air Brake Technologies Corp   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-14820.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Westinghouse Air Brake Technologies Corp   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $6745.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Woodward Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        28 | NC      | $248500.00    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Woodward Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -36 | NC      | $-13770.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Woodward Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        36 | NC      | $6120.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Natera Inc                     | Natera Inc                                 | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     16201 | NS      | $3744699.14   | 18.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV      | Newamsterdam Pharma Co NV                  | CUSIP: N/A<br>LEI: 984500B6549TF6E14D36       | Long             | EC               | CORP              | NL        |      9966 | NS      | $310141.92    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa | Restaurant Brands International Inc        | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | US        |      7049 | NS      | $472212.51    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                       | Roku Inc                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      6010 | NS      | $572152.00    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Stubhub Holdings Inc           | Stubhub Holdings Inc                       | CUSIP: 86384P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50632 | NS      | $714923.84    | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries | Teva Pharmaceutical Industries Ltd         | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     90235 | NS      | $3075208.80   | 15.08%            |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1138 | NS      | $376177.28    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                     | Twilio Inc                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      2871 | NS      | $345840.66    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1986 | NS      | $457058.04    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                   | Woodward Inc                               | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |       866 | NS      | $275249.44    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer