# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-000358
**Filing Date:** 2025-8
**Character Count:** 13671
**Document Hash:** 9207cfd6c904d7a9b734f65f2d7f71e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000358.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000358

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251271314

**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 High Yield Trend ETF (Series ID: S000067284)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000216396 | Counterpoint High Yield Trend ETF | HYTR            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT HIGH YIELD TREND ETF** | **COUNTERPOINT HIGH YIELD TREND ETF** | **COUNTERPOINT HIGH YIELD TREND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 99.8%** |  |
|  | **FIXED INCOME - 99.8%** |  |
| 1630226 | iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; $61149777 |
| 569649 | iShares iBoxx High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 45942192 |
| 472367 | SPDR Bloomberg High Yield Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 45947138 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $148,689,403)** | &nbsp;&nbsp; 153039107 |
|  | **SHORT-TERM INVESTMENTS — 30.6%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 30.6%** |  |
| 46967106 | Fidelity Investments Money Market Government Portfolio, Institutional Class, 4.27% (Cost $46,967,106)<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 46967106 |
|  | **TOTAL INVESTMENTS - 130.4% (Cost $195,656,509)** | &nbsp;&nbsp;&nbsp; $200006213 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (30.4)%** | &nbsp;&nbsp; (46683994) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $153322219 |

---

ETF - Exchange-Traded Fund <br> SPDR - Standard & Poor's Depositary Receipt

---

| | |
|:---|:---|
| <sup>(a)</sup><br> <sup>(b)</sup> | All or a portion of the security is on loan. The total fair value of the securities on loan as of June 30, 2025 was $46,209,673.<br> Security was purchased with cash received as collateral for securities on loan at June 30, 2025. Total collateral had a value of $46,967,106 at June 30, 2025. |
| <sup>(b)</sup> | Rate disclosed is the seven day effective yield as of June 30, 2025. |

---

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6%** |  |
|  | **AEROSPACE & DEFENSE - 6.2%** |  |
| 4364 | Elbit Systems Ltd. | &nbsp;&nbsp;&nbsp; $1961618 |
| 10647 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 1981726 |
| 42651 | Leonardo DRS, Inc. | &nbsp;&nbsp;&nbsp; 1982418 |
|  |  | &nbsp;&nbsp; 5925762 |
|  | **AUTOMOTIVE - 2.0%** |  |
| 109566 | Dana, Inc. | &nbsp;&nbsp;&nbsp; 1879057 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.9%** |  |
| 89743 | AMN Healthcare Services, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1854988 |
|  | **CONSUMER SERVICES - 2.0%** |  |
| 82889 | Laureate Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1937945 |
|  | **ELECTRIC UTILITIES - 3.8%** |  |
| 11624 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 1866582 |
| 223905 | XPLR Infrastructure, L.P. | &nbsp;&nbsp;&nbsp; 1836021 |
|  |  | &nbsp;&nbsp; 3702603 |
|  | **ENGINEERING & CONSTRUCTION - 2.0%** |  |
| 7882 | Dycom Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1926282 |
|  | **ENTERTAINMENT CONTENT - 3.9%** |  |
| 33204 | Fox Corporation, Class A | &nbsp;&nbsp;&nbsp; 1860752 |
| 17869 | ROBLOX Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1879819 |
|  |  | &nbsp;&nbsp; 3740571 |
|  | **HEALTH CARE FACILITIES & SERVICES - 10.0%** |  |
| 11374 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 1910832 |
| 6359 | Cencora, Inc. | &nbsp;&nbsp;&nbsp; 1906746 |
| 35213 | Centene Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1911363 |
| 15523 | Encompass Health Corporation | &nbsp;&nbsp;&nbsp; 1903585 |
| 2607 | McKesson Corporation | &nbsp;&nbsp;&nbsp; 1910357 |
|  |  | &nbsp;&nbsp; 9542883 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 2.0%** |  |
| 23906 | Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp; 1899810 |

---

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6% (Continued)** |  |
|  | **INSURANCE - 14.1%** |  |
| 18368 | Axis Capital Holdings Ltd. | &nbsp;&nbsp;&nbsp; $1906966 |
| 241242 | Genworth Financial, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1876863 |
| 82039 | Heritage Insurance Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2046052 |
| 28899 | Mercury General Corporation | &nbsp;&nbsp;&nbsp; 1946059 |
| 49888 | Old Republic International Corporation | &nbsp;&nbsp;&nbsp; 1917695 |
| 12292 | Palomar Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1896041 |
| 23702 | Unum Group | &nbsp;&nbsp;&nbsp; 1914174 |
|  |  | &nbsp;&nbsp; 13503850 |
|  | **INTERNET MEDIA & SERVICES - 2.0%** |  |
| 6657 | VeriSign, Inc. | &nbsp;&nbsp;&nbsp; 1922542 |
|  | **LEISURE FACILITIES & SERVICES - 2.0%** |  |
| 178506 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 1958210 |
|  | **METALS & MINING - 8.0%** |  |
| 40933 | Anglogold Ashanti PLC | &nbsp;&nbsp;&nbsp; 1865317 |
| 126019 | Hallador Energy Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1994880 |
| 10556 | Royal Gold, Inc. | &nbsp;&nbsp;&nbsp; 1877279 |
| 150566 | SSR Mining, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1918211 |
|  |  | &nbsp;&nbsp; 7655687 |
|  | **OIL & GAS PRODUCERS - 13.7%** |  |
| 66612 | Comstock Resources, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1843154 |
| 64512 | Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp; 1891492 |
| 15920 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 1861685 |
| 9208 | Gulfport Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1852373 |
| 65480 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 1925112 |
| 36767 | MPLX, L.P. | &nbsp;&nbsp;&nbsp; 1893868 |
| 30124 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 1892088 |
|  |  | &nbsp;&nbsp; 13159772 |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 19568 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 1913359 |

---

---

| | | |
|:---|:---|:---|
| **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** | **COUNTERPOINT QUANTITATIVE EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.6% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 2.0%** |  |
| 21407 | O'Reilly Automotive, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1929413 |
|  | **SOFTWARE - 9.9%** |  |
| 98388 | AvePoint, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1899872 |
| 24967 | Nutanix, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1908477 |
| 6691 | Veeva Systems, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1926875 |
| 223279 | Yext, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1897872 |
| 24363 | Zoom Communications, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1899827 |
|  |  | &nbsp;&nbsp; 9532923 |
|  | **TECHNOLOGY HARDWARE - 4.0%** |  |
| 27261 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 1891368 |
| 8698 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 1897034 |
|  |  | &nbsp;&nbsp; 3788402 |
|  | **TELECOMMUNICATIONS - 6.1%** |  |
| 67376 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1949861 |
| 52363 | Millicom International Cellular S.A. | &nbsp;&nbsp;&nbsp; 1962041 |
| 8160 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 1944202 |
|  |  | &nbsp;&nbsp; 5856104 |
|  | **TOBACCO & CANNABIS - 2.0%** |  |
| 10446 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 1902530 |
|  | **TOTAL COMMON STOCKS (Cost $92,467,809)** | &nbsp;&nbsp; 95532693 |
|  | **TOTAL INVESTMENTS - 99.6% (Cost $92,467,809)** | &nbsp;&nbsp;&nbsp; $95532693 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4%** | &nbsp;&nbsp; 374202 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $95906895 |

---

---

| | |
|:---|:---|
| L.P. | - Limited Partnership |
| Ltd. | - Limited Company |
| PLC | - Public Limited Company |
| S.A. | - Société Anonyme |

---

<sup>(a)</sup> Non-income producing security.

## 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 High Yield Trend ETF

- **b. EDGAR series identifier (if any):** S000067284

- **c. LEI of Series:** 5493006HH8Z3PX8JNW39

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $153724097.35

**Total Liabilities:** $401878.83

**Net Assets:** $153322218.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216396 | -1.97%               | 1.76%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3498576.80             | $663781.05                                 |
| Month 2  | $0.00                    | $1669392.28                                |
| Month 3  | $0.00                    | $2031188.63                                |

**Designated Index Information**

- **Index Name:** CP HY ETF DRP

- **Index Identifier:** CP HY ETF DRP

### 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 BROAD US                           | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   1630226 | NS      | $61149777.26  | 39.88%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust     | ISHARES IBOXX HI                           | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    569649 | NS      | $45942191.85  | 29.96%            |  |  |  | No            | 1                  | On Loan: —       |
| SPDR Series Trust | SPDR BLOOMBERG H                           | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    472367 | NS      | $45947138.09  | 29.97%            |  |  |  | No            | 1                  | On Loan: —       |
| N/A               | Fidelity Money Market Government Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BBH SWEEP VEHICLE | BBH SWEEP VEHICLE                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    332742 | PA      | $332741.50    | 0.22%             |  |  |  | No            | 1                  | 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