# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004801
**Filing Date:** 2025-11
**Character Count:** 22117
**Document Hash:** 835f4d1f03267eef60d0614c0b54ca10
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004801.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000910472-25-004801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260331

**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:** 251532887

**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

### Centerstone Investors Fund (Series ID: S000070944)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000225290 | Centerstone Investors Fund Class I | CENTX           |
| C000225291 | Centerstone Investors Fund Class A | CETAX           |
| C000225292 | Centerstone Investors Fund Class C | CENNX           |

## 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:** Centerstone Investors Fund

- **b. EDGAR series identifier (if any):** S000070944

- **c. LEI of Series:** 549300R9DE3EXDTJAQ66

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $67752262.41

**Total Liabilities:** $615752.16

**Net Assets:** $67136510.25

**Cash Not Reported:** $29672.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225291 | -1.17%               | 3.03%                | 2.37%                |
| Class ID C000225290 | -1.09%               | 2.94%                | 2.43%                |
| Class ID C000225292 | -1.19%               | 2.87%                | 2.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-820739.18                                |
| Month 2  | $1528786.25              | $518344.87                                 |
| Month 3  | $1466564.39              | $122338.85                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Singapore Exchange Ltd.                                  | SINGAPORE EXCH                       | CUSIP: Y79946102<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |    151200 | NS      | $1937634.99   | 2.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar General Corporation                               | DOLLAR GENERAL C                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      9077 | NS      | $938107.95    | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Vopak N.V.                                   | VOPAK                                | CUSIP: N5075T159<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |      9254 | NS      | $424132.61    | 0.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Loomis AB                                                | LOOMIS AB                            | CUSIP: W5S50Y116<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |     19255 | NS      | $821358.18    | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| The Scotts Miracle-Gro Company                           | SCOTTS MIRACLE                       | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      7357 | NS      | $418981.15    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Corpay Inc                                               | CORPAY INC                           | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2147 | NS      | $618464.82    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurofins Scientific SE                                   | EUROFINS SCIEN                       | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     19075 | NS      | $1383486.15   | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Barry Callebaut AG                                       | BARRY CALLEB-REG                     | CUSIP: H05072105<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |       688 | NS      | $942122.39    | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Tencent Holdings Ltd.                                    | TENCENT HOLD-ADR                     | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     16641 | NS      | $1416981.15   | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Nagaileben Co                                            | NAGAILEBEN CO                        | CUSIP: J47152103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26436 | NS      | $359354.82    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Edenred SA                                               | EDENRED                              | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     30064 | NS      | $712952.34    | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Vinci SA                                                 | VINCI SA                             | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      6994 | NS      | $968469.48    | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| O'Reilly Automotive Inc.                                 | O'REILLY AUTOMOT                     | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      8355 | NS      | $900752.55    | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Compania De Distribucion Integral Logista Holdings S.A.U | LOGISTA                              | CUSIP: E0304S106<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |     27554 | NS      | $934856.30    | 1.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Grainger W W Inc                                         | WW GRAINGER INC                      | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       669 | NS      | $637530.24    | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| ICL Group Ltd                                            | ICL GROUP LTD                        | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |    194226 | NS      | $1213765.91   | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Remy Cointreau SA                                        | REMY COINTREAU                       | CUSIP: F7725A100<br>LEI: 5493004V6A3Z027YT216 | Long             | EC               | CORP              | FR        |      4289 | NS      | $231519.39    | 0.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Spdr Gold Trust                                          | SPDR GOLD SHARES                     | CUSIP: 78463V107<br>LEI: N/A                  | Long             | EC               | RF                | US        |     15495 | NS      | $5508007.65   | 8.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken N.V.                                            | Heineken NV                          | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      5781 | NS      | $450779.55    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Copper Corporation                              | SOUTHERN COPPER                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      6939 | NS      | $842117.04    | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Henry Schein, Inc.                                       | HENRY SCHEIN INC                     | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      9914 | NS      | $657992.18    | 0.98%             |  |  |  | No            | 1                  | On Loan: —       |
| Air Liquide S.A.(L')                                     | AIR LIQUIDE SA                       | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      1654 | NS      | $343421.51    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Worldline SA                                             | WORLDLINE                            | CUSIP: F9867T103<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |    107550 | NS      | $347220.59    | 0.52%             |  |  |  | Yes           | 1                  | On Loan: —       |
| Skandinaviska Enskilda Banken AB (publ)                  | SEB AB-A                             | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     69120 | NS      | $1350146.26   | 2.01%             |  |  |  | No            | 1                  | On Loan: —       |
| State Street Institutional Investment Trust              | SS-INS TR PL-TRS                     | CUSIP: 85749Q448<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        |  15245326 | PA      | $15245325.59  | 22.71%            |  |  |  | No            | 1                  | On Loan: No      |
| Carmax Inc                                               | CARMAX INC                           | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |      8920 | NS      | $400240.40    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Shimano Inc.                                             | SHIMANO INC                          | CUSIP: J72262108<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      8597 | NS      | $965131.94    | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| ISS A/S                                                  | ISS A/S                              | CUSIP: K5591Y107<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |     30248 | NS      | $957160.99    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Chevron Corp.                                            | CHEVRON CORP                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6144 | NS      | $954101.76    | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Baidu Inc.                                               | BAIDU INC-SP ADR                     | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      3421 | NS      | $450785.17    | 0.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Fanuc Corp.                                              | FANUC CORP                           | CUSIP: J13440102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     43915 | NS      | $1265779.35   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Envista Holdings Corporation                             | ENVISTA HOLDINGS                     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     30397 | NS      | $619186.89    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                      | Cash Collateral Reinvestment Vehicle | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Ross Stores Inc                                          | ROSS STORES INC                      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      5154 | NS      | $785418.06    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                                    | SCHNEIDER ELECTR                     | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      5081 | NS      | $1417287.63   | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Emerson Electric Co.                                     | EMERSON ELEC CO                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      8426 | NS      | $1105322.68   | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                      | HKEX                                 | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     24600 | NS      | $1397249.50   | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Credit Agricole S.A.                                     | CREDIT AGRICOLE                      | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     71065 | NS      | $1394936.37   | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Shiseido Co Ltd.                                         | Shiseido Co Ltd                      | CUSIP: J74358144<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |     39937 | NS      | $682515.24    | 1.02%             |  |  |  | No            | 1                  | On Loan: —       |
| Franco Nevada Corp                                       | FRANCO-NEVADA CO                     | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      6611 | NS      | $1473658.01   | 2.20%             |  |  |  | No            | 1                  | On Loan: No      |
| McDonald's Corp.                                         | MCDONALDS CORP                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2142 | NS      | $650932.38    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| TC Energy Corp                                           | TC ENERGY CORP                       | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     22962 | NS      | $1248722.23   | 1.86%             |  |  |  | No            | 1                  | On Loan: —       |
| Quebecor Inc                                             | QUEBECOR INC-B                       | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     27853 | NS      | $877155.82    | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                                           | BNP PARIBAS                          | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     13824 | NS      | $1255001.08   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Megacable Holdings S. A. B. de C.V.                      | MEGACABLE-CPO                        | CUSIP: P652AE117<br>LEI: N/A                  | Long             | EP               | CORP              | MX        |    437467 | NS      | $1421538.47   | 2.12%             |  |  |  | No            | 1                  | On Loan: —       |
| Sodexo S.A.                                              | SODEXO SA                            | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     14120 | NS      | $887680.21    | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Nestle SA                                                | NESTLE SA-REG                        | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     11520 | NS      | $1057508.76   | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Carlisle Companies Inc.                                  | CARLISLE COS INC                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2632 | NS      | $865822.72    | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd.                        | OCBC BANK                            | CUSIP: Y64248209<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |     69905 | NS      | $890958.30    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander, S.A.                                    | BANCO SANTANDER                      | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    135128 | NS      | $1407755.19   | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Walt Disney Company                                      | WALT DISNEY CO/T                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      7872 | NS      | $901344.00    | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla Inc                                                | TESLA INC                            | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3000 | NS      | $1334160.00   | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                                     | RYANAIR HLDGS                        | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     29604 | NS      | $858439.54    | 1.28%             |  |  |  | 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