# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-000333
**Filing Date:** 2025-8
**Character Count:** 8898
**Document Hash:** cb2c892eedeb034cf6c081d8f8ef8441
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000333.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000333

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**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:** 251269054

**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

### Swan Defined Risk Growth Fund (Series ID: S000063531)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000205842 | Swan Defined Risk Growth Fund Class A Shares | SDAAX           |
| C000205843 | Swan Defined Risk Growth Fund Class C Shares | SDACX           |
| C000205844 | Swan Defined Risk Growth Fund Class I Shares | SDAIX           |

## 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:** Swan Defined Risk Growth Fund

- **b. EDGAR series identifier (if any):** S000063531

- **c. LEI of Series:** 5493006NNX4MJZUY5E83

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $50121712.52

**Total Liabilities:** $2425717.28

**Net Assets:** $47695995.24

**Cash Not Reported:** $426093.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205844 | 1.19%                | 2.85%                | 2.85%                |
| Class ID C000205842 | 1.13%                | 2.83%                | 2.89%                |
| Class ID C000205843 | 1.10%                | 2.81%                | 2.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1429877.04             | $203522.70                                 |
| Month 2  | $-21743.25               | $2492531.20                                |
| Month 3  | $0.00                    | $2041250.00                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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-C S&P500       | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     71000 | NS      | $44083900.00  | 92.43%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 12/18/26 C6900  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $2001768.09   | 4.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5650 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -71 | NC      | $-236122.49   | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 12/18/26 C7500  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -71 | NC      | $-697368.66   | -1.46%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5530 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $180737.94    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 10/17/25 C6225  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -18 | NC      | $-410538.15   | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5720 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $277075.04    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5525  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $20653.76     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 08/15/25 C6370  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-40619.49    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 08/15/25 P5595  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-13382.76    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 09/19/25 C6050  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -18 | NC      | $-557778.39   | -1.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPXW US 08/29/25 P5600 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -71 | NC      | $-210938.81   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 12/18/26 P5750  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $1951107.69   | 4.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5600  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -142 | NC      | $-50041.02    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Funds Inc. | FRST AM-GV OB-X        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1135737 | PA      | $1135737.31   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                       | SPX US 07/18/25 P5675  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        71 | NC      | $31206.52     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer