# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-004104
**Filing Date:** 2025-10
**Character Count:** 38930
**Document Hash:** a916206fa692da1f13c94cdc7a0b7cd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004104.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0002000324-25-004104

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23312
- **FILM NUMBER:** 251433749

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### VistaShares Target 15 Berkshire Select Income ETF (Series ID: S000090687)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000257971 | VistaShares Target 15 Berkshire Select Income ETF | OMAH            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** Vistashares Target 15 Berkshire Select Income ETF

- **b. EDGAR series identifier (if any):** S000090687

- **c. LEI of Series:** 2549008FILVA5TLCC693

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $489135703.58

**Total Liabilities:** $8544973.92

**Net Assets:** $480590729.66

**Cash Not Reported:** $4278969.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257971 | 2.20%                | -0.10%               | 4.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $88461.25                | $5610936.06                                |
| Month 2  | $814657.94               | $-5994269.66                               |
| Month 3  | $633348.88               | $20007792.42                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     84232 | NS      | $19289128.00  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    114806 | NS      | $38032931.68  | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |     32200 | NS      | $11817400.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    188693 | NS      | $43803193.02  | 9.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    462658 | NS      | $23475266.92  | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     98343 | NS      | $49464562.14  | 10.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     57196 | NS      | $12996075.12  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135823 | NS      | $21813173.80  | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     78004 | NS      | $21456560.28  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    314054 | NS      | $21666585.46  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    112293 | NS      | $18184728.42  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                     | DaVita Inc                                 | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |    155088 | NS      | $21364922.88  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Short            | EC               | CORP              | US        |      -252 | NS      | $-115491.60   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       252 | NS      | $115491.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    291143 | NS      | $291142.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    770547 | NS      | $21552199.59  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                  | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |    305480 | NS      | $20723763.20  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     31246 | NS      | $18600431.34  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     42027 | NS      | $21423683.52  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AAPL US 09/19/25 C232.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -27 | NC      | $-14580.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AAPL US 09/19/25 C242.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        23 | NC      | $3576.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AAPL US 09/19/25 C255                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1193 | NC      | $27439.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $119.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | American Express Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-30400.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C227.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-4375.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C230                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -220 | NC      | $-106150.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C232.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-6887.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C235                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -596 | NC      | $-159728.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C242.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       216 | NC      | $19224.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C247.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $769.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMZN US 09/19/25 C255                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       605 | NC      | $9075.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AON US 09/19/25 C380                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -322 | NC      | $-57155.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -606 | NC      | $-13938.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       606 | NC      | $303.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -71 | NC      | $-48635.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1182 | NC      | $-481665.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        27 | NC      | $2848.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        37 | NC      | $1794.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AXP US 09/19/25 C325                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1128 | NC      | $-1314120.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AXP US 09/19/25 C340                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1137 | NC      | $508807.50    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AXP US 09/19/25 C345                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $2909.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BAC US 09/19/25 C48.5                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -80 | NC      | $-20080.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BAC US 09/19/25 C49                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -33 | NC      | $-6880.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BAC US 09/19/25 C49.5                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -52 | NC      | $-8892.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4351 | NC      | $-1272667.50  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -110 | NC      | $-9240.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Berkshire Hathaway Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-21000.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRKB US 08/29/25 C495                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-10050.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRKB US 09/05/25 C500                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -950 | NC      | $-508250.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRKB US 09/05/25 C507.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-2310.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CB US 09/19/25 C275                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-12400.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CB US 09/19/25 C280                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -747 | NC      | $-149400.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CB US 09/19/25 C285                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-160.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -91 | NC      | $-31167.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1219 | NC      | $-150546.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/12/25 C225                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -493 | NC      | $-285940.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/12/25 C235                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       110 | NC      | $15675.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/12/25 C240                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       382 | NC      | $23875.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/19/25 C227.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-3510.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/19/25 C235                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -72 | NC      | $-19440.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | COF US 09/19/25 C237.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $1215.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CVX US 09/19/25 C155                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-21390.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CVX US 09/19/25 C157.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-8542.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DVA US 09/19/25 C135                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-6240.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DVA US 09/19/25 C140                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1538 | NC      | $-372965.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KHC US 09/12/25 C28                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -454 | NC      | $-27240.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KHC US 09/19/25 C27.5                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -87 | NC      | $-8874.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KHC US 09/19/25 C28                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -79 | NC      | $-5767.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KO US 09/12/25 C70                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -391 | NC      | $-17595.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KO US 09/12/25 C71                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2649 | NC      | $-55629.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KO US 09/19/25 C70                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-5550.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KR US 09/12/25 C73                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -485 | NC      | $-23037.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KR US 09/12/25 C74                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2556 | NC      | $-89460.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KR US 09/19/25 C72.5                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-884.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -7085 | NC      | $-99190.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MA US 09/19/25 C580                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -152 | NC      | $-330220.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MA US 09/19/25 C585                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -26 | NC      | $-45370.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MA US 09/19/25 C600                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-39375.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -69 | NC      | $-89010.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-16612.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCO US 09/19/25 C520                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -26 | NC      | $-13520.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCO US 09/19/25 C530                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -394 | NC      | $-89635.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | OXY US 09/19/25 C45.5                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -87 | NC      | $-22185.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | OXY US 09/19/25 C46                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-3255.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | OXY US 09/19/25 C47                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -67 | NC      | $-10083.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | OXY US 09/19/25 C47.5                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4463 | NC      | $-546717.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | OXY US 09/19/25 C52                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        40 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SIRI US 09/19/25 C23.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -115 | NC      | $-9832.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SIRI US 09/19/25 C24.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -265 | NC      | $-11130.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SIRI US 09/19/25 C25                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8582 | NC      | $-231714.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SIRI US 09/19/25 C26                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        25 | NC      | $287.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C167.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -337 | NC      | $-89305.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C170                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-380.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C172.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-2565.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C175                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -764 | NC      | $-70670.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C177.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       312 | NC      | $23400.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C180                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $105.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STZ US 09/19/25 C185                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       586 | NC      | $26370.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNH US 09/19/25 C317.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -339 | NC      | $-197467.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNH US 09/19/25 C330                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       339 | NC      | $95767.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | V US 09/19/25 C347.5                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-13800.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | V US 09/19/25 C365                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $499.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -533 | NC      | $-402415.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -64 | NC      | $-39360.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-480.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VRSN US 09/19/25 C270                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -124 | NC      | $-97960.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VRSN US 09/19/25 C280                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -678 | NC      | $-203400.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VRSN US 09/19/25 C290                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        45 | NC      | $3262.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    463242 | NS      | $22054951.62  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc         | Sirius XM Holdings Inc                     | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    896262 | NS      | $21187633.68  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     33930 | NS      | $10513889.10  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     80261 | NS      | $21940949.57  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     61338 | NS      | $21577481.64  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer