# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004680
**Filing Date:** 2025-11
**Character Count:** 19021
**Document Hash:** cfb00b72adb94216e386ddcfa9f7904c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004680.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004680

**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:** 251529402

**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

### Counterpoint Quantitative Equity ETF (Series ID: S000083027)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000246525 | Counterpoint Quantitative Equity ETF | CPAI            |

## 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:** Counterpoint Quantitative Equity ETF

- **b. EDGAR series identifier (if any):** S000083027

- **c. LEI of Series:** 529900V91WU1089XRL02

**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:** $115939795.59

**Total Liabilities:** $389293.67

**Net Assets:** $115550501.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246525 | -3.98%               | 4.23%                | 6.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.01                    | $-3923255.96                               |
| Month 2  | $0.00                    | $4033866.04                                |
| Month 3  | $7154150.42              | $-73496.02                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sprout Social Inc.                 | SPROUT SOCIAL-A    | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166106 | NS      | $2146089.52   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                 | KINROSS GOLD       | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     94235 | NS      | $2341739.75   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                 | HELEN OF TROY      | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     89636 | NS      | $2258827.20   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc        | AMN HEALTHCARE     | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    123818 | NS      | $2397116.48   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc.                         | CALIX INC          | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     37534 | NS      | $2303461.58   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation           | TUTOR PERINI COR   | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     35178 | NS      | $2307325.02   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                    | MICROSOFT CORP     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4460 | NS      | $2310057.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.              | CARDINAL HEALTH    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     14798 | NS      | $2322694.08   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                       | TAPESTRY INC       | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     20658 | NS      | $2338898.76   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.           | KIMBALL ELECTRON   | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     78267 | NS      | $2337052.62   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                     | MAPLEBEAR INC      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60907 | NS      | $2238941.32   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                       | VESTIS CORP        | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    522317 | NS      | $2366096.01   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group Inc                      | REV GROUP INC      | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     40788 | NS      | $2311455.96   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                        | CENCORA INC        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      7453 | NS      | $2329286.09   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Companies Inc.          | ALBERTSONS COS-A   | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    131778 | NS      | $2307432.78   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                     | VERISIGN INC       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      8028 | NS      | $2244387.96   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                     | SSR MINING INC     | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     93717 | NS      | $2288569.14   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupon Inc                        | GROUPON INC        | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Long             | EC               | CORP              | US        |     99938 | NS      | $2333552.30   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                     | KROGER CO          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     34587 | NS      | $2331509.67   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.              | TREEHOUSE FOODS    | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |    120062 | NS      | $2426453.02   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                  | BBH SWEEP VEHICLE  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    421242 | PA      | $421241.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.   | PHILIP MORRIS IN   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     14084 | NS      | $2284424.80   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.         | PAR PACIFIC HOLD   | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     65289 | NS      | $2312536.38   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc           | RESIDEO TECHN      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     55341 | NS      | $2389624.38   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                       | ORACLE CORP        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      8161 | NS      | $2295199.64   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.           | LAUREATE EDUCATI   | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     73260 | NS      | $2310620.40   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                     | MCKESSON CORP      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3009 | NS      | $2324572.86   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP             | XPLR INFRASTRUCT   | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |    221368 | NS      | $2251312.56   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                      | CENTENE CORP       | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     65215 | NS      | $2326871.20   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                 | ROBLOX CORP - A    | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16244 | NS      | $2250118.88   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp              | MONSTER BEVERAGE   | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     34377 | NS      | $2313915.87   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                      | NETFLIX INC        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1910 | NS      | $2289937.20   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                     | GREEN DOT CORP-A   | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162461 | NS      | $2181851.23   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Corecivic Inc                      | CORECIVIC INC      | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    106895 | NS      | $2175313.25   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings Inc    | AVEANNA HEALTHCA   | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    264316 | NS      | $2344482.92   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                | NEWMONT CORP       | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     27195 | NS      | $2292810.45   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group Sghc Limited           | SUPER GROUP SGHC   | CUSIP: G8588X103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    169730 | NS      | $2240436.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.             | MICRON TECH        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     14046 | NS      | $2350176.72   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                        | GLOBANT SA         | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     38234 | NS      | $2193866.92   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC    | SEAGATE TECHNOLO   | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     10092 | NS      | $2382317.52   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.              | WESTERN DIGITAL    | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     19895 | NS      | $2388593.70   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc.             | DELEK US HOLDING   | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     71804 | NS      | $2317115.08   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA | MILLICOM INTL      | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     47716 | NS      | $2316134.64   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                  | CIENA CORP         | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     15904 | NS      | $2316735.68   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                         | BUMBLE INC-A       | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    368768 | NS      | $2245797.12   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                 | GARRETT MOTION INC | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    172018 | NS      | $2342885.16   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                | TRONOX HOLDING     | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |    566112 | NS      | $2275770.24   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated               | CORNING INC        | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     28619 | NS      | $2347616.57   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                           | AT&T INC           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     81781 | NS      | $2309495.44   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.              | EXTREME NETWORKS   | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    113474 | NS      | $2343238.10   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin Brands Inc                 | BLOOMIN' BRANDS    | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    315111 | NS      | $2259345.87   | 1.96%             |  |  |  | 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