# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-002530
**Filing Date:** 2025-7
**Character Count:** 23234
**Document Hash:** 82f3f6f506dd1a127d213f1db504b036
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002530.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0002000324-25-002530

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20251130

**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:** 251166861

**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

### NestYield Total Return Guard ETF (Series ID: S000089469)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000256028 | NestYield Total Return Guard ETF | EGGS            |

## 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:** Nestyield Total Return Guard ETF

- **b. EDGAR series identifier (if any):** S000089469

- **c. LEI of Series:** 254900VUDJKF8K0FXF93

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

- **a. Date of fiscal year-end:** 2025-11-30

- **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:** $20195232.93

**Total Liabilities:** $364910.67

**Net Assets:** $19830322.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256028 | -7.10%               | 6.01%                | 8.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-49793.44               | $-852375.80                                |
| Month 2  | $-19531.48               | $891861.33                                 |
| Month 3  | $-76015.23               | $1465075.60                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5281 | NS      | $906958.94    | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4295 | NS      | $880517.95    | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3798 | NS      | $762828.30    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1005 | NS      | $394965.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10068 | NS      | $2437160.76   | 12.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1853 | NS      | $1366902.51   | 6.89%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    348364 | NS      | $348364.42    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12166 | NS      | $732271.54    | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1408 | NS      | $911665.92    | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2137 | NS      | $983789.32    | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      2837 | NS      | $1047023.22   | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | APP US 05/30/25 C382.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-12300.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | APP US 07/18/25 C330                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        30 | NC      | $235950.00    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AVGO US 07/18/25 C160                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        16 | NC      | $132760.00    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-3927.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | META US 05/30/25 C672.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $7.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -28 | NC      | $-42.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-316.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $4.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVDA US 07/18/25 C105                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        28 | NC      | $87640.00     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PLTR US 05/30/25 C134                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -58 | NC      | $-29.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $5166.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $252.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        27 | NC      | $3996.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $2142.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        18 | NC      | $13536.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 03/20/26 P460                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $1556.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 03/20/26 P480                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $1938.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 03/20/26 P505                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        13 | NC      | $16646.50     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 03/20/26 P530                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $5065.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 03/20/26 P545                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $13916.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 06/18/26 P505                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $9438.00      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 06/18/26 P530                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $6070.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 07/18/25 P480                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $267.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 07/18/25 P530                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        30 | NC      | $8085.00      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 07/18/25 P545                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $3564.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/19/25 P460                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $751.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/19/25 P470                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $2596.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/19/25 P480                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $1003.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/19/25 P505                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $7440.00      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 09/19/25 P535                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $5722.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P445                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        10 | NC      | $4460.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P460                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $1597.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P475                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $5764.50      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P480                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $1363.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P505                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $10290.50     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPY US 12/19/25 P535                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $9635.50      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-25.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        50 | NC      | $25.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-15.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TSLA US 05/30/25 C385                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $15.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VST US 05/30/25 C160                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -68 | NC      | $-4114.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VST US 05/30/25 C170                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        68 | NC      | $34.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VST US 07/18/25 C110                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $96757.50     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       878 | NS      | $1059947.94   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     18472 | NS      | $2496121.36   | 12.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      5854 | NS      | $771440.12    | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3179 | NS      | $1101396.34   | 5.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5000 | NS      | $966600.00    | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1253 | NS      | $378293.23    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      6819 | NS      | $1094926.83   | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      8648 | NS      | $853730.56    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer