# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-003971
**Filing Date:** 2025-11
**Character Count:** 42791
**Document Hash:** 142513e28a2b63aadcf3c9c1d1244820
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003971.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000910472-25-003971

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251517367

**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             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.3%** |  |
|  | **ADVERTISING & MARKETIN G - 0.1%** |  |
| 8913 | Trade Desk, Inc. (The), Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $436826 |
|  | **AUTOMOTIVE - 5.2%** |  |
| 76349 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 33953928 |
|  | **BEVERAGES - 1.0%** |  |
| 4326 | Coca-Cola Europacific Partners plc | &nbsp;&nbsp;&nbsp; 391114 |
| 24248 | Keurig Dr Pepper, Inc. | &nbsp;&nbsp;&nbsp; 618566 |
| 14498 | Monster Beverage Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 975860 |
| 30305 | PepsiCo, Inc. | &nbsp;&nbsp;&nbsp; 4256035 |
|  |  | &nbsp;&nbsp; 6241575 |
|  | **BIOTECH & PHARMA - 1.7%** |  |
| 12312 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 3474446 |
| 2055 | BioNTech S.E. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 202664 |
| 28967 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 3215337 |
| 2310 | Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp; 1298844 |
| 6614 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2590307 |
|  |  | &nbsp;&nbsp; 10781598 |
|  | **CABLE & SATELLITE - 0.5%** |  |
| 1910 | Charter Communications, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 525451 |
| 80271 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 2522114 |
|  |  | &nbsp;&nbsp; 3047565 |
|  | **CHEMICALS - 0.7%** |  |
| 10175 | Linde PLC | &nbsp;&nbsp;&nbsp; 4833125 |
|  | **COMMERCIAL SUPPORT SERVICES - 0.2%** |  |
| 7177 | Cintas Corporation | &nbsp;&nbsp;&nbsp; 1473151 |
|  | **DIVERSIFIED INDUSTRIALS - 0.4%** |  |
| 13776 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 2899848 |
|  | **E-COMMERCE DISCRETIONARY - 5.3%** |  |
| 135394 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29728460 |
| 9599 | eBay, Inc. | &nbsp;&nbsp;&nbsp; 873029 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.3% (Continued)** |  |
|  | **E-COMMERCE DISCRETIONARY - 5.3% (Continued)** |  |
| 958 | MercadoLibre, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $2238789 |
| 13639 | PDD Holdings, Inc. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1802667 |
|  |  | &nbsp;&nbsp; 34642945 |
|  | **ELECTRIC UTILITIES - 0.8%** |  |
| 11905 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 1339313 |
| 5574 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 1834235 |
| 22454 | Exelon Corporation | &nbsp;&nbsp;&nbsp; 1010655 |
| 13120 | Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp; 1058128 |
|  |  | &nbsp;&nbsp; 5242331 |
|  | **ENTERTAINMENT CONTENT - 0.5%** |  |
| 3575 | AppLovin Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2568780 |
| 4698 | Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp; 947587 |
|  |  | &nbsp;&nbsp; 3516367 |
|  | **FOOD - 0.3%** |  |
| 28185 | Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp; 1760716 |
| 17138 | The Kraft Heinz Company | &nbsp;&nbsp;&nbsp; 446274 |
|  |  | &nbsp;&nbsp; 2206990 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.2%** |  |
| 24396 | Fastenal Company | &nbsp;&nbsp;&nbsp; 1196380 |
|  | **INTERNET MEDIA & SERVICES - 13.8%** |  |
| 8839 | Airbnb, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1073231 |
| 62844 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 15277376 |
| 62116 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 15128352 |
| 674 | Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp; 3639108 |
| 4547 | DoorDash, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1236739 |
| 39257 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 28829556 |
| 20767 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 24897972 |
|  |  | &nbsp;&nbsp; 90082334 |
|  | **LEISURE FACILITIES & SERVICES - 0.5%** |  |
| 4667 | Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp; 1215473 |
| 24866 | Starbucks Corporation | &nbsp;&nbsp;&nbsp; 2103664 |
|  |  | &nbsp;&nbsp; 3319137 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.3% (Continued)** |  |
|  | **MEDICAL EQUIPMENT & DEVICES - 0.8%** |  |
| 6833 | DexCom, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $459793 |
| 9595 | GE HealthCare Technologies, Inc. | &nbsp;&nbsp;&nbsp; 720585 |
| 1581 | IDEXX Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1010085 |
| 7249 | Intuitive Surgical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3241969 |
|  |  | &nbsp;&nbsp; 5432432 |
|  | **OIL & GAS PRODUCERS - 0.1%** |  |
| 3959 | Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp; 566533 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 0.2%** |  |
| 21225 | Baker Hughes Company | &nbsp;&nbsp;&nbsp; 1034082 |
|  | **RETAIL - CONSUMER STAPLES - 3.2%** |  |
| 22425 | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; 20757253 |
|  | **RETAIL - DISCRETIONARY - 0.5%** |  |
| 2243 | Lululemon Athletica, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 399097 |
| 19186 | O'Reilly Automotive, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2068443 |
| 6793 | Ross Stores, Inc. | &nbsp;&nbsp;&nbsp; 1035185 |
|  |  | &nbsp;&nbsp; 3502725 |
|  | **SEMICONDUCTORS - 19.4%** |  |
| 49366 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7986925 |
| 10007 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 2458720 |
| 16698 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 3418749 |
| 87357 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 28819948 |
| 1348 | GLOBALFOUNDRIES, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 48312 |
| 90276 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3028760 |
| 2829 | KLA Corporation | &nbsp;&nbsp;&nbsp; 3051359 |
| 26355 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 3528935 |
| 19170 | Marvell Technology, Inc. | &nbsp;&nbsp;&nbsp; 1611622 |
| 10832 | Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp; 695631 |
| 21600 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 3614112 |
| 319508 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 59613803 |
| 5378 | NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp; 1224732 |
| 24264 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 4036559 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.3% (Continued)** |  |
|  | **SEMICONDUCTORS - 19.4% (Continued)** |  |
| 18988 | Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp; $3488665 |
|  |  | &nbsp;&nbsp; 126626832 |
|  | **SOFTWARE - 13.7%** |  |
| 9217 | Adobe, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3251297 |
| 3709 | Atlassian Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 592327 |
| 4374 | Autodesk, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1389489 |
| 5821 | Cadence Design Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2044684 |
| 4980 | Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2442092 |
| 6251 | Datadog, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 890142 |
| 14434 | Fortinet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1213611 |
| 5627 | Intuit, Inc. | &nbsp;&nbsp;&nbsp; 3842735 |
| 94305 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 48845274 |
| 93375 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17033468 |
| 14019 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2854549 |
| 2183 | Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp; 1088640 |
| 3584 | Strategy, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1154801 |
| 3791 | Synopsys, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1870441 |
| 4323 | Workday, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1040676 |
|  |  | &nbsp;&nbsp; 89554226 |
|  | **TECHNOLOGY HARDWARE - 8.7%** |  |
| 195106 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 49679841 |
| 103620 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 7089680 |
|  |  | &nbsp;&nbsp; 56769521 |
|  | **TECHNOLOGY SERVICES - 1.1%** |  |
| 8530 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 2503556 |
| 9782 | Cognizant Technology Solutions Corporation, Class A | &nbsp;&nbsp;&nbsp; 656079 |
| 9558 | CoStar Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 806408 |
| 6736 | Paychex, Inc. | &nbsp;&nbsp;&nbsp; 853855 |
| 20749 | PayPal Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1391428 |
| 2826 | Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp; 710767 |
|  |  | &nbsp;&nbsp; 6922093 |
|  | **TELECOMMUNICATIONS - 0.8%** |  |
| 21394 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 5121296 |

---

---

| | | |
|:---|:---|:---|
| **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** | **HCM DEFENDER 100 INDEX ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 80.3% (Continued)** |  |
|  | **TRANSPORTATION & LOGISTICS - 0.3%** |  |
| 40214 | CSX Corporation | &nbsp;&nbsp;&nbsp; $1427999 |
| 3667 | Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp; 516240 |
|  |  | &nbsp;&nbsp; 1944239 |
|  | **TRANSPORTATION EQUIPMENT - 0.2%** |  |
| 11200 | PACCAR, Inc. | &nbsp;&nbsp;&nbsp; 1101184 |
|  | **WHOLESALE - DISCRETIONARY - 0.1%** |  |
| 18054 | Copart, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 811888 |
|  | **TOTAL COMMON STOCKS (Cost $367,930,654)** | &nbsp;&nbsp; 524018404 |
|  | **EXCHANGE-TRADED FUND — 19.6%** |  |
|  | **EQUITY - 19.6%** |  |
| 1236638 | ProShares UltraPro QQQ **(Cost $72,422,839)** | &nbsp;&nbsp;&nbsp; 127868369 |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $440,353,493)** | &nbsp;&nbsp;&nbsp; $651886773 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%** | &nbsp;&nbsp; 397192 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $652283965 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| ETF | - Exchange-Traded Fund |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| <sup>(a)</sup> | Non-income producing security. |

---

## 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:** 2025-09-30

**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:** $652711847.51

**Total Liabilities:** $427882.10

**Net Assets:** $652283965.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213732 | 3.55%                | 1.10%                | 7.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2770398.69              | $18621522.92                               |
| Month 2  | $2398801.79              | $4451486.53                                |
| Month 3  | $14245291.85             | $34347417.01                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vertex Pharmaceuticals Incorporated  | VERTEX PHARM      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      6614 | NS      | $2590306.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc            | PALANTIR TECHN-A  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     93375 | NS      | $17033467.50  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                            | TESLA INC         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     76349 | NS      | $33953927.28  | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                      | PROSHARES UL QQQ  | CUSIP: 74347X831<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |   1236638 | NS      | $127868369.20 | 19.60%            |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                  | KRAFT HEINZ CO/T  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     17138 | NS      | $446273.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                   | TRADE DESK INC-A  | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      8913 | NS      | $436826.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                          | DATADOG INC-A     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      6251 | NS      | $890142.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                            | LINDE PLC         | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     10175 | NS      | $4833125.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                      | CSX CORP          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     40214 | NS      | $1427999.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                 | ELECTRONIC ARTS   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      4698 | NS      | $947586.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                         | AUTODESK INC      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      4374 | NS      | $1389488.58   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.         | MONDELEZ INTER-A  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     28185 | NS      | $1760716.95   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                        | STRATEGY INC      | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      3584 | NS      | $1154800.64   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.         | CHARTER COMMUN-A  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1910 | NS      | $525450.55    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                         | FASTENAL CO       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     24396 | NS      | $1196379.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalfoundries Inc                  | GLOBALFOUNDRIES   | CUSIP: G39387108<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |      1348 | NS      | $48312.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                          | WORKDAY INC-A     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      4323 | NS      | $1040675.79   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.         | CADENCE DESIGN    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5821 | NS      | $2044684.46   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                    | INTEL CORP        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     90276 | NS      | $3028759.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | KEURIG DR PEPPER  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     24248 | NS      | $618566.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                 | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     20749 | NS      | $1391427.94   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                         | FORTINET INC      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     14434 | NS      | $1213610.72   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.           | CONSTELLATION EN  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      5574 | NS      | $1834236.18   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc               | PALO ALTO NETWOR  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     14019 | NS      | $2854548.78   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                 | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       674 | NS      | $3639107.98   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-C    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     62116 | NS      | $15128351.80  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                | MONSTER BEVERAGE  | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     14498 | NS      | $975860.38    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc               | ROPER TECHNOLOGI  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2183 | NS      | $1088640.27   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                         | BROADCOM INC      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     87357 | NS      | $28819947.87  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation         | COSTCO WHOLESALE  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     22425 | NS      | $20757252.75  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                           | PACCAR INC        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     11200 | NS      | $1101184.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.     | AMERICAN ELECTRI  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     11905 | NS      | $1339312.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.       | OLD DOMINION FRT  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      3667 | NS      | $516240.26    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.               | TEXAS INSTRUMENT  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     18988 | NS      | $3488665.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp. | COGNIZANT TECH-A  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      9782 | NS      | $656078.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                | ATLASSIAN CORP-A  | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      3709 | NS      | $592327.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.          | ADV MICRO DEVICE  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     49366 | NS      | $7986925.14   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                          | BIONTECH SE-ADR   | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |      2055 | NS      | $202664.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.              | INTUITIVE SURGIC  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      7249 | NS      | $3241970.27   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.         | HONEYWELL INTL    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     13776 | NS      | $2899848.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | META PLATFORMS-A  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     39257 | NS      | $28829555.66  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                         | EXELON CORP       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     22454 | NS      | $1010654.54   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation             | LAM RESEARCH      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     26355 | NS      | $3528934.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc               | DIAMONDBACK ENER  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3959 | NS      | $566532.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                           | APPLE INC         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    195106 | NS      | $49679840.78  | 7.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.             | LULULEMON ATH     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      2243 | NS      | $399096.99    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.              | IDEXX LABS        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1581 | NS      | $1010085.09   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.      | REGENERON PHARM   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2310 | NS      | $1298843.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                      | STARBUCKS CORP    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     24866 | NS      | $2103663.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                   | CINTAS CORP       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7177 | NS      | $1473151.02   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                           | DEXCOM            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      6833 | NS      | $459792.57    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                          | PEPSICO INC       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     30305 | NS      | $4256034.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-MOBILE US INC   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     21394 | NS      | $5121295.72   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                    | PDD HOLDINGS INC  | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     13639 | NS      | $1802666.63   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.      | GE HEALTHCARE TE  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      9595 | NS      | $720584.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                      | ROSS STORES INC   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      6793 | NS      | $1035185.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                            | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      9599 | NS      | $873029.05    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.         | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      4667 | NS      | $1215473.48   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                           | AIRBNB INC-A      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      8839 | NS      | $1073231.38   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                         | DOORDASH INC-A    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      4547 | NS      | $1236738.53   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.               | APPLIED MATERIAL  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     16698 | NS      | $3418748.52   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                | NXP SEMICONDUCTO  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      5378 | NS      | $1224731.94   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                            | ADOBE INC         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      9217 | NS      | $3251296.75   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc               | MARVELL TECHNOLO  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19170 | NS      | $1611621.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.               | VERISK ANALYTI    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2826 | NS      | $710767.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                  | COMCAST CORP-A    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     80271 | NS      | $2522114.82   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                           | AMGEN INC         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12312 | NS      | $3474446.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                 | BAKER HUGHES CO   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21225 | NS      | $1034082.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                      | XCEL ENERGY INC   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     13120 | NS      | $1058128.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.      | AUTOMATIC DATA    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      8530 | NS      | $2503555.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                         | NVIDIA CORP       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    319508 | NS      | $59613802.64  | 9.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                           | COPART INC        | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     18054 | NS      | $811888.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                       | APPLOVIN CO-CL A  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      3575 | NS      | $2568780.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                     | MERCADOLIBRE INC  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       958 | NS      | $2238788.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                        | NETFLIX INC       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     20767 | NS      | $24897971.64  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.             | O'REILLY AUTOMOT  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     19186 | NS      | $2068442.66   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated    | MICROCHIP TECH    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     10832 | NS      | $695631.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc             | CROWDSTRIKE HO-A  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      4980 | NS      | $2442092.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                 | GILEAD SCIENCES   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     28967 | NS      | $3215337.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC   | COCA-COLA EUROPA  | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      4326 | NS      | $391113.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                         | SYNOPSYS INC      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      3791 | NS      | $1870441.49   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                           | INTUIT INC        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5627 | NS      | $3842734.57   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                  | CISCO SYSTEMS     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    103620 | NS      | $7089680.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                     | AMAZON.COM INC    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    135394 | NS      | $29728460.58  | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.               | MICRON TECH       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     21600 | NS      | $3614112.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-A    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     62844 | NS      | $15277376.40  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                        | QUALCOMM INC      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     24264 | NS      | $4036559.04   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                            | KLA CORP          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2829 | NS      | $3051359.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                      | MICROSOFT CORP    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     94305 | NS      | $48845274.75  | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                  | ANALOG DEVICES    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     10007 | NS      | $2458719.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                    | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    759700 | PA      | $759699.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                          | PAYCHEX INC       | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      6736 | NS      | $853855.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                     | COSTAR GROUP INC  | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9558 | NS      | $806408.46    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer