# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-044410
**Filing Date:** 2023-2
**Character Count:** 33813
**Document Hash:** 12933a3ee1aeede7dba30856efbcd376
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044410.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044410

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 23679424

**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

### HCM Defender 100 Index ETF (Series ID: S000066141)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000213732 | HCM Defender 100 Index ETF | QQH             |

## 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:** HCM Defender 100 Index ETF

- **b. EDGAR series identifier (if any):** S000066141

- **c. LEI of Series:** 5493009UVJWVJ3E1I465

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $230246871.61

**Total Liabilities:** $206980.58

**Net Assets:** $230039891.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213732 | 1.34%                | 3.13%                | -6.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89560.93               | $3094337.47                                |
| Month 2  | $-130877.17              | $7340804.40                                |
| Month 3  | $-4859906.71             | $-12554736.11                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vertex Pharmaceuticals Incorporated  | VERTEX PHARM      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1852 | NS      | $534820.56    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                            | TESLA INC         | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     18309 | NS      | $2255302.62   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Company              | KRAFT HEINZ CO/T  | CUSIP: 500754106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5393 | NS      | $219549.03    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                   | TRADE DESK INC-A  | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      3230 | NS      | $144800.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                          | DATADOG INC-A     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1829 | NS      | $134431.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                      | CSX CORP          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     15408 | NS      | $477339.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                 | ELECTRONIC ARTS   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1961 | NS      | $239594.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                         | AUTODESK INC      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1545 | NS      | $288714.15    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.         | MONDELEZ INTER-A  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      9905 | NS      | $660168.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                          | MODERNA INC       | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      2521 | NS      | $452822.02    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.         | CHARTER COMMUN-A  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       777 | NS      | $263480.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                          | ZSCALER INC       | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       614 | NS      | $68706.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                         | FASTENAL CO       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      4083 | NS      | $193207.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalfoundries Inc                  | GLOBALFOUNDRIES   | CUSIP: G39387108<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |       426 | NS      | $22957.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                          | WORKDAY INC-A     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1390 | NS      | $232588.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.         | CADENCE DESIGN    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1884 | NS      | $302645.76    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                    | INTEL CORP        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     29718 | NS      | $785446.74    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                 | KEURIG DR PEPPER  | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      6029 | NS      | $214994.14    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Incorporation        | PAYPAL HOLDINGS   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      8340 | NS      | $593974.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                         | FORTINET INC      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4823 | NS      | $235796.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.           | CONSTELLATION EN  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2036 | NS      | $175523.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc               | PALO ALTO NETWOR  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2061 | NS      | $287591.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc        | ZOOM VIDEO COM-A  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1559 | NS      | $105606.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                 | BOOKING HOLDINGS  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       286 | NS      | $576370.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-C    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     38524 | NS      | $3418234.52   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                | MONSTER BEVERAGE  | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      2639 | NS      | $267937.67    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                         | BROADCOM INC      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2791 | NS      | $1560531.83   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation         | COSTCO WHOLESALE  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3121 | NS      | $1424736.50   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc              | ACTIVISION BLIZZ  | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      5142 | NS      | $393620.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                           | PACCAR INC        | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      2233 | NS      | $221000.01    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.     | AMERICAN ELECTRI  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3584 | NS      | $340300.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.       | OLD DOMINION FRT  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       705 | NS      | $200064.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated       | TEXAS INSTRUMENT  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6610 | NS      | $1092104.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp. | COGNIZANT TECH-A  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      3870 | NS      | $221325.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                | ATLASSIAN CORP-A  | CUSIP: 049468101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1013 | NS      | $130352.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.         | ADV MICRO DEVICE  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     11561 | NS      | $748805.97    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                          | BIONTECH SE       | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |       632 | NS      | $94939.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.              | INTUITIVE SURGIC  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2547 | NS      | $675846.45    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.         | HONEYWELL INTL    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4698 | NS      | $1006781.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | META PLATFORMS-A  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     17710 | NS      | $2131221.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corporation                   | EXELON CORP       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      6808 | NS      | $294309.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansys Inc                            | ANSYS INC         | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |       592 | NS      | $143021.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                           | APPLE INC         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    131617 | NS      | $17100996.81  | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.             | LULULEMON ATH     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       839 | NS      | $268798.82    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.              | IDEXX LABS        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       591 | NS      | $241104.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.      | REGENERON PHARM   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       767 | NS      | $553382.83    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation                | STARBUCKS CORP    | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      8002 | NS      | $793798.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                   | CINTAS CORP       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       602 | NS      | $271875.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                           | DEXCOM            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      2787 | NS      | $315599.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                          | PEPSICO INC       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      9798 | NS      | $1770106.68   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-MOBILE US INC   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4543 | NS      | $636020.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                      | LUCID GROUP INC   | CUSIP: 549498103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3845 | NS      | $26261.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                           | SEAGEN INC        | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       967 | NS      | $124269.17    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinduoduo Inc                        | PINDUODUO INC     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      3537 | NS      | $288442.35    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                      | ROSS STORES INC   | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2495 | NS      | $289594.65    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                            | EBAY INC          | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4052 | NS      | $168036.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.         | MARRIOTT INTL-A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2052 | NS      | $305522.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                           | AIRBNB INC-A      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      2547 | NS      | $217768.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                           | BIOGEN INC        | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      1040 | NS      | $287996.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.               | APPLIED MATERIAL  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6292 | NS      | $612714.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                | NXP SEMICONDUCTO  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      1882 | NS      | $297412.46    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                            | ADOBE INC         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3305 | NS      | $1112231.65   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc               | MARVELL TECHNOLO  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6046 | NS      | $223943.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.               | VERISK ANALYTI    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1125 | NS      | $198472.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.          | WARNER BROS DISC  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     16023 | NS      | $151898.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                  | COMCAST CORP-A    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     34976 | NS      | $1223110.72   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                           | AMGEN INC         | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3861 | NS      | $1014053.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                 | BAKER HUGHES CO   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7330 | NS      | $216454.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                      | XCEL ENERGY INC   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      3775 | NS      | $264665.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.      | AUTOMATIC DATA    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2951 | NS      | $704875.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.       | WALGREENS BOOTS   | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |      5096 | NS      | $190386.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                         | NVIDIA CORP       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     17326 | NS      | $2532021.64   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                           | COPART INC        | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      3070 | NS      | $186932.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                     | MERCADOLIBRE INC  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       350 | NS      | $296184.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                        | NETFLIX INC       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3191 | NS      | $940962.08    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                | RIVIAN AUTOMOT-A  | CUSIP: 76954A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3402 | NS      | $62698.86     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.             | O'REILLY AUTOMOT  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       464 | NS      | $391629.92    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated    | MICROCHIP TECH    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      3923 | NS      | $275590.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc             | CROWDSTRIKE HO-A  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1452 | NS      | $152881.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                | ALIGN TECHNOLOGY  | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       529 | NS      | $111566.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                   | ENPHASE ENERGY    | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |       900 | NS      | $238464.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                | GILEAD SCIENCES   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      9102 | NS      | $781406.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc               | SIRIUS XM HOLDIN  | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |      4613 | NS      | $26939.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC   | COCA-COLA EUROPA  | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      1119 | NS      | $61903.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                         | SYNOPSYS INC      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1090 | NS      | $348026.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                           | INTUIT INC        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1944 | NS      | $756643.68    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                      | DOLLAR TREE INC   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      1486 | NS      | $210179.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                  | CISCO SYSTEMS     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     26666 | NS      | $1270368.24   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                     | AMAZON.COM INC    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     90182 | NS      | $7575288.00   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.               | MICRON TECH       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      8025 | NS      | $401089.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-A    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     43248 | NS      | $3815771.04   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                        | QUALCOMM INC      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8567 | NS      | $941855.98    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corporation                      | KLA CORP          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1061 | NS      | $400028.83    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                | MICROSOFT CORP    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     58125 | NS      | $13939537.50  | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                  | ANALOG DEVICES    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3669 | NS      | $601826.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                    | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        | 138732109 | PA      | $138732109.30 | 60.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                          | PAYCHEX INC       | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      2290 | NS      | $264632.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation             | LAM RESEARCH      | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1000 | NS      | $420300.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                         | ILLUMINA INC      | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      1102 | NS      | $222824.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                     | COSTAR GROUP INC  | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2866 | NS      | $221484.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Brian Curley

**Name of Signer:** Brian Curley

**Title:** Treasurer