# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-002403
**Filing Date:** 2025-7
**Character Count:** 8182
**Document Hash:** 553af3c54a8d1464e1485cfd7482e037
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002403.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0002000324-25-002403

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20250831

**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:** 251139754

**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

### TradersAI Large Cap Equity & Cash ETF (Series ID: S000086352)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000251846 | TradersAI Large Cap Equity & Cash ETF | HFSP            |

## Nport-Ex

**TradersAI Large Cap Equity & Cash ETF**

**Schedule of Investments**

**May 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**MONEY MARKET FUND - 0.9%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 4.22%<sup>(a)</sup> | 7677 | $7677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL MONEY MARKET FUND (Cost $7,677)** |  | 7677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 0.9% (Cost $7,677)** |  | $7677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 99.1% |  | 840516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $848193 |

---

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(a) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

**TradersAI Large Cap Equity & Cash ETF**

**Schedule of Written Options Contracts**

**May 31, 2025 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**WRITTEN OPTIONS - (5.5)%<sup>(a)(b)</sup>** | **Notional<br> Amount** | **Contracts** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Call Options - (4.6)%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-mini S&P 500 Index, Expiration: 6/9/25; Exercise Price: $5,880.00 | $(59160) | (10) | $(39125) |
|  |  |  | (39125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Put Options – (0.9)%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-mini S&P 500 Index, Expiration: 6/20/25; Exercise Price: $5,930.00 | (11939) | (2) | (7350) |
|  |  |  | (7350) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL WRITTEN OPTIONS (Premiums received $37,783)** |  |  | $(46475) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) 100 shares per contract.

(b) Exchange-traded.

**TradersAI Large Cap Equity & Cash ETF**

**Schedule of Futures Contracts**

**May 31, 2025 (Unaudited)**

The TradersAI Large Cap Equity & Cash ETF had the following futures contracts outstanding with Interactive Brokers LLC:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS - (2.6)%** | | | | |
| **Description** | **Contracts<br> Purchased** | **Expiration<br> Date** | **Notional Value** | **Value / Unrealized<br> Appreciation<br> (Depreciation)** |
| S&P 500 Index | 10 | 06/20/25 | $2958000 | $(21394) |
| **Description** | **Contracts<br> Sold** | **Expiration<br> Date** | **Notional Value** | **Value / Unrealized<br> Appreciation<br> (Depreciation)** |
| E-Mini S&P 500 | (6) | 09/19/25 | (1790775) | (614) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $(22008) |

---

## 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:** Tradersai Large Cap Equity & Cash ETF

- **b. EDGAR series identifier (if any):** S000086352

- **c. LEI of Series:** 2549002ISWQGD6JBZH37

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $903548.38

**Total Liabilities:** $56602.54

**Net Assets:** $846945.84

**Cash Not Reported:** $894316.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251846 | -9.32%               | -3.79%               | -3.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |      7677 | NS      | $7677.48      | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Emini SP W Week O Jun25C  5880             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -10 | NC      | $-53750.00    | -6.35%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Jun25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        10 | NC      | $-21394.18    | -2.53%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Sep25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $2466.00      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer