# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004265
**Filing Date:** 2025-11
**Character Count:** 12698
**Document Hash:** 4c6b4ad1e961987cc2aa9fd29c190868
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004265.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004265

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 251527074

**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

### Absolute Capital Asset Allocator Fund (Series ID: S000051215)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000161384 | Absolute Capital Asset Allocator Fund Class A Shares             | AAMAX           |
| C000161385 | Absolute Capital Asset Allocator Fund Institutional Class Shares | AAMIX           |
| C000161386 | Absolute Capital Asset Allocator Fund Investor Class Shares      | AAMCX           |

## 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:** Absolute Capital Asset Allocator Fund

- **b. EDGAR series identifier (if any):** S000051215

- **c. LEI of Series:** 549300L34GZUOZ57RI73

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $64964873.47

**Total Liabilities:** $4198369.65

**Net Assets:** $60766503.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161385 | 0.50%                | 1.81%                | 2.19%                |
| Class ID C000161386 | 0.45%                | 1.69%                | 2.10%                |
| Class ID C000161384 | 0.42%                | 1.82%                | 2.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $589557.83               | $-309030.54                                |
| Month 2  | $0.00                    | $1050521.40                                |
| Month 3  | $556341.64               | $631017.92                                 |

### Schedule of Portfolio Investments

| Name                                      | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust                             | ISHARES CORE DIV          | CUSIP: 46435U861<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     96600 | NS      | $5047350.00   | 8.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                         | SPDR-SP1500 VAL           | CUSIP: 78464A128<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     20700 | NS      | $4225310.91   | 6.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                       | VANGUARD CN ST E          | CUSIP: 92204A207<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      7000 | NS      | $1496110.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                 | VANGUARD RUSSELL 2000 ETF | CUSIP: 92206C664<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     31200 | NS      | $3051984.00   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Admiral Funds Inc.               | VANGUARD S&P 500 GROWTH E | CUSIP: 921932505<br>LEI: 5493001VGEE37B6RMO86 | Long             | EC               | RF                | US        |     11500 | NS      | $5007790.00   | 8.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | VISA INC-CLASS A          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4300 | NS      | $1467934.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | VANGUARD FTSE ALL-WORLD E | CUSIP: 922042775<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     31700 | NS      | $2262429.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.                  | ILLINOIS TOOL WO          | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      2200 | NS      | $573672.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                      | JPMORGAN CHASE            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3000 | NS      | $946290.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                     | QUANTA SERVICES           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      3700 | NS      | $1533354.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | ISHARES MORNINGS          | CUSIP: 464287119<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     15400 | NS      | $1606220.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                  | SPDR-TECH SEL S           | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     13000 | NS      | $3664180.00   | 6.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                            | BLACKSTONE INC            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      3300 | NS      | $563805.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 10/02/25                | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4999443.40   | 8.23%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Janus Detroit Street Trust                | JAN HEND AAA CLO          | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |     36100 | NS      | $1833158.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                 | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   6511741 | PA      | $6511741.16   | 10.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                   | BERKSHIRE HATH-B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3100 | NS      | $1558494.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation              | COSTCO WHOLESALE          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1500 | NS      | $1388445.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                         | SPDR S&P BIOTECH          | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     12300 | NS      | $1232460.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | VANGUARD S&P 500          | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      4000 | NS      | $2449520.00   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust              | FRANKLIN INTERNA          | CUSIP: 35473P108<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     45000 | NS      | $1678950.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                             | NETFLIX INC               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1600 | NS      | $1918272.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                               | ECOLAB INC                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2200 | NS      | $602492.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                 | GOLDMAN SACHS GP          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2900 | NS      | $2309415.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | VANGUARD M/C GRW          | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      8000 | NS      | $2350320.00   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                       | VANGUARD COMMUNI          | CUSIP: 92204A884<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     20800 | NS      | $3904784.00   | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                           | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1400 | NS      | $725130.00    | 1.19%             |  |  |  | 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