# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-26-002751
**Filing Date:** 2026-2
**Character Count:** 32320
**Document Hash:** 7b1dfe4b3df79372c3cb1ec4331ce6e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002751.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002751

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260630

**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:** 26683181

**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

### HCM Defender 100 Index ETF (Series ID: S000066141)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000213732 | HCM Defender 100 Index ETF | QQH             |

## 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:** HCM Defender 100 Index ETF

- **b. EDGAR series identifier (if any):** S000066141

- **c. LEI of Series:** 5493009UVJWVJ3E1I465

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $680969065.21

**Total Liabilities:** $436174.22

**Net Assets:** $680532890.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213732 | 6.06%                | -2.87%               | -1.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8559287.20              | $31076388.37                               |
| Month 2  | $719695.27               | $-20435207.87                              |
| Month 3  | $7747868.11              | $-17371047.49                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adobe Inc                            | ADOBE INC         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      9482 | NS      | $3318605.18   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.          | ADV MICRO DEVICE  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     50806 | NS      | $10880612.96  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                           | AIRBNB INC-A      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      9094 | NS      | $1234237.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.         | ALNYLAM PHARMACE  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      2822 | NS      | $1122168.30   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-C    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     51869 | NS      | $16276492.20  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-A    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     52605 | NS      | $16465365.00  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                     | AMAZON.COM INC    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    134259 | NS      | $30989662.38  | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.     | AMERICAN ELECTRI  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     12250 | NS      | $1412547.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                           | AMGEN INC         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12672 | NS      | $4147672.32   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                  | ANALOG DEVICES    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     10297 | NS      | $2792546.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                           | APPLE INC         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    201030 | NS      | $54652015.80  | 8.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.               | APPLIED MATERIAL  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     17183 | NS      | $4415859.17   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                       | APPLOVIN CO-CL A  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      3675 | NS      | $2476288.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                | ATLASSIAN CORP-A  | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      3814 | NS      | $618401.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                         | AUTODESK INC      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      4499 | NS      | $1331748.99   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.      | AUTOMATIC DATA    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      8775 | NS      | $2257193.25   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                  | AXON ENTERPRISE   | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2003 | NS      | $1137563.79   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                 | BAKER HUGHES CO   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21845 | NS      | $994821.30    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                          | BIONTECH SE-ADR   | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      2115 | NS      | $201348.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                 | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       689 | NS      | $3689822.37   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                         | BROADCOM INC      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     84486 | NS      | $29240604.60  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                      | CSX CORP          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     41389 | NS      | $1500351.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.         | CADENCE DESIGN    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5991 | NS      | $1872666.78   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.         | CHARTER COMMUN-A  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1965 | NS      | $410193.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                  | CISCO SYSTEMS     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    118299 | NS      | $9112571.97   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                   | CINTAS CORP       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7382 | NS      | $1388332.74   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp. | COGNIZANT TECH-A  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10067 | NS      | $835561.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                  | COMCAST CORP-A    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     82616 | NS      | $2469392.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.           | CONSTELLATION EN  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      5734 | NS      | $2025650.18   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                           | COPART INC        | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     18579 | NS      | $727367.85    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation         | COSTCO WHOLESALE  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     25651 | NS      | $22119883.34  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                     | COSTAR GROUP INC  | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      9833 | NS      | $661170.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc             | CROWDSTRIKE HO-A  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5125 | NS      | $2402395.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                          | DATADOG INC-A     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      6431 | NS      | $874551.69    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                           | DEXCOM            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7028 | NS      | $466448.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc               | DIAMONDBACK ENER  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4074 | NS      | $612444.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                         | DOORDASH INC-A    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      4677 | NS      | $1059246.96   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                            | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      9879 | NS      | $860460.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                 | ELECTRONIC ARTS   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      4833 | NS      | $987526.89    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                         | EXELON CORP       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     23109 | NS      | $1007321.31   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | META PLATFORMS-A  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     48013 | NS      | $31692901.17  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                         | FASTENAL CO       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     25106 | NS      | $1007503.78   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                         | FORTINET INC      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     14854 | NS      | $1179556.14   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.      | GE HEALTHCARE TE  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      9875 | NS      | $809947.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                 | GILEAD SCIENCES   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     29812 | NS      | $3659124.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.         | HONEYWELL INTL    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     14176 | NS      | $2765595.84   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.              | IDEXX LABS        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1626 | NS      | $1100037.78   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                    | INTEL CORP        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     92911 | NS      | $3428415.90   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                           | INTUIT INC        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5787 | NS      | $3833424.54   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.              | INTUITIVE SURGIC  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      7459 | NS      | $4224479.24   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                            | KLA CORP          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2909 | NS      | $3534667.72   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | KEURIG DR PEPPER  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     24953 | NS      | $698933.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                  | KRAFT HEINZ CO/T  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     17638 | NS      | $427721.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation             | LAM RESEARCH      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     27125 | NS      | $4643257.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.         | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      4802 | NS      | $1489772.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc               | MARVELL TECHNOLO  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19730 | NS      | $1676655.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                     | MERCADOLIBRE INC  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       983 | NS      | $1980017.58   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                      | MICROSOFT CORP    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     98431 | NS      | $47603200.22  | 6.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                        | STRATEGY INC      | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      3684 | NS      | $559783.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated    | MICROCHIP TECH    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     11147 | NS      | $710286.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.               | MICRON TECH       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     22230 | NS      | $6344664.30   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.         | MONDELEZ INTER-A  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     29005 | NS      | $1561339.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                | MONSTER BEVERAGE  | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     14918 | NS      | $1143763.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                        | NETFLIX INC       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    243684 | NS      | $22847811.84  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                         | NVIDIA CORP       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    329542 | NS      | $61459583.00  | 9.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.             | O'REILLY AUTOMOT  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     19746 | NS      | $1801032.66   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.       | OLD DOMINION FRT  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      3772 | NS      | $591449.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                           | PACCAR INC        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     11525 | NS      | $1262102.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc            | PALANTIR TECHN-A  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    104283 | NS      | $18536303.25  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc               | PALO ALTO NETWOR  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     14424 | NS      | $2656900.80   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                          | PAYCHEX INC       | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      6931 | NS      | $777519.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                 | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     21354 | NS      | $1246646.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                          | PEPSICO INC       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     36631 | NS      | $5257281.12   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                    | PDD HOLDINGS INC  | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     14034 | NS      | $1591315.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                      | PROSHARES UL QQQ  | CUSIP: 74347X831<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |   2445634 | NS      | $128933824.48 | 18.95%            |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                        | QUALCOMM INC      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     24969 | NS      | $4270947.45   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.      | REGENERON PHARM   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2375 | NS      | $1833191.25   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc               | ROPER TECHNOLOGI  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2243 | NS      | $998426.59    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                      | ROSS STORES INC   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      6988 | NS      | $1258818.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.     | SOLSTICE ADV MAT  | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |      3564 | NS      | $173139.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                      | STARBUCKS CORP    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     25591 | NS      | $2155018.11   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                         | SYNOPSYS INC      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      3901 | NS      | $1832377.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-MOBILE US INC   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     22019 | NS      | $4470737.76   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                            | TESLA INC         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     70179 | NS      | $31560899.88  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.               | TEXAS INSTRUMENT  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     19543 | NS      | $3390515.07   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                   | TRADE DESK INC-A  | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      9173 | NS      | $348207.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.               | VERISK ANALYTI    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2906 | NS      | $650043.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated  | VERTEX PHARM      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      6804 | NS      | $3084661.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                | WESTERN DIGITAL   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      7634 | NS      | $1315109.18   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                          | WORKDAY INC-A     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      4448 | NS      | $955341.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                      | XCEL ENERGY INC   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     13500 | NS      | $997110.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                    | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    605447 | PA      | $605446.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC   | COCA-COLA EUROPA  | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      4451 | NS      | $403705.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                            | LINDE PLC         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     12322 | NS      | $5253977.58   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                | NXP SEMICONDUCTO  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      5533 | NS      | $1200992.98   | 0.18%             |  |  |  | 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