# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-044411
**Filing Date:** 2023-2
**Character Count:** 17955
**Document Hash:** 63024f7cdbc9d2c2c31fa77fa15b6d21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044411.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044411

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 23679426

**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 Tactical Growth Fund (Series ID: S000045942)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000143207 | HCM Tactical Growth Fund Class A Shares  | HCMGX           |
| C000143208 | HCM Tactical Growth Fund Investor Shares | HCMDX           |
| C000143209 | HCM Tactical Growth Fund Class I Shares  | HCMIX           |
| C000143210 | HCM Tactical Growth Fund Class R Shares  | HCMSX           |

## 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 Tactical Growth Fund

- **b. EDGAR series identifier (if any):** S000045942

- **c. LEI of Series:** 549300LA1LOGG3IG6P44

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $997537540.53

**Total Liabilities:** $1784448.07

**Net Assets:** $995753092.46

**Cash Not Reported:** $7115546.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143207 | 1.62%                | 2.58%                | -6.40%               |
| Class ID C000143210 | 1.62%                | 2.58%                | -6.40%               |
| Class ID C000143208 | 1.55%                | 2.51%                | -6.41%               |
| Class ID C000143209 | 1.61%                | 2.61%                | -6.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2278704.51             | $18529879.46                               |
| Month 2  | $-11321888.46            | $37948633.26                               |
| Month 3  | $-20620766.35            | $-48478277.86                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UnitedHealth Group Inc.          | UNITEDHEALTH GRP          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2110 | NS      | $1118679.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                      | HUMANA INC                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      2103 | NS      | $1077135.57   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation         | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      9233 | NS      | $1251994.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                     | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      8896 | NS      | $1300061.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation         | DEVON ENERGY CO           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     15352 | NS      | $944301.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.               | BROWN-FORMAN -B           | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     17605 | NS      | $1156296.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation              | CHEVRON CORP              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6500 | NS      | $1166685.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                       | AMGEN INC                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4240 | NS      | $1113593.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.     | ADV MICRO DEVICE          | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     19502 | NS      | $1263144.54   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                | CROWN CASTLE INC          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      8769 | NS      | $1189427.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.         | EXTRA SPACE STOR          | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      6704 | NS      | $986694.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fd                | VANGUARD MEGA CAP GROWTH  | CUSIP: 921910816<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |    457857 | NS      | $78783453.99  | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corporation          | EXXON MOBIL CORP          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     10550 | NS      | $1163665.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Company     | PROCTER & GAMBLE          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      8624 | NS      | $1307053.44   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation       | AMERICAN TOWER C          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      5594 | NS      | $1185144.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Fds               | VANGUARD GROWTH ETF       | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |    396107 | NS      | $84414362.77  | 8.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                        | TESLA INC                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      5151 | NS      | $634500.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.              | EOG RESOURCES             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      8890 | NS      | $1151432.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Incorporation    | PAYPAL HOLDINGS           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     13587 | NS      | $967666.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                     | BROADCOM INC              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2462 | NS      | $1376578.06   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc               | META PLATFORMS-A          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     11824 | NS      | $1422900.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.     | CF INDUSTRIES HO          | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     11050 | NS      | $941460.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr               | ENERGY SELECT SECTOR SPDR | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |   1148000 | NS      | $100415560.00 | 10.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc. | PHILIP MORRIS IN          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13170 | NS      | $1332935.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                   | AUTOZONE INC              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       457 | NS      | $1127044.26   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Proshares Trust                  | PROSHARES ULTRA S&P500    | CUSIP: 74347R107<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |    995392 | NS      | $44245174.40  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Proshares Trust                  | PROSHARES ULTRA QQQ       | CUSIP: 74347R206<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |    733300 | NS      | $25694832.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                    | ALPHABET INC-A            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12288 | NS      | $1084170.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                 | AMAZON.COM INC            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     11651 | NS      | $978684.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.            | FREEPORT-MCMORAN          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     36501 | NS      | $1387038.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                      | PHILLIPS 66               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     11250 | NS      | $1170900.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Qqq Trust                | INVESCO QQQ TRUST SERIES  | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |    282680 | NS      | $75272030.40  | 7.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation            | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5200 | NS      | $1247064.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HCM BBH SWEEP                    | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        | 530790416 | PA      | $530790416.33 | 53.31%            |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                    | QUALCOMM INC              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     10156 | NS      | $1116550.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.         | O'REILLY AUTOMOT          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1400 | NS      | $1181642.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.              | CISCO SYSTEMS             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     26579 | NS      | $1266223.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                 | GENUINE PARTS CO          | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      6558 | NS      | $1137878.58   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company         | AMERICAN EXPRESS          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      8137 | NS      | $1202241.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp            | MONSTER BEVERAGE          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     12912 | NS      | $1310955.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                       | APPLE INC                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      8056 | NS      | $1046716.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                       | GARMIN LTD                | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     13618 | NS      | $1256805.22   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Specialized Funds       | VANGUARD DIVIDEND APPREC  | CUSIP: 921908844<br>LEI: 549300OM0CLBHZ9MZW59 | Long             | EC               | RF                | US        |     40982 | NS      | $6223116.70   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corporation                  | KLA CORP                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3842 | NS      | $1448549.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                        | LINDE PLC                 | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |      3870 | NS      | $1262316.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Brian Curley

**Name of Signer:** Brian Curley

**Title:** Treasurer