# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-041641
**Filing Date:** 2023-2
**Character Count:** 19947
**Document Hash:** b7b8be00b4d8e2ee83e2dc42fce19f00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041641.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041641

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**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:** 23671719

**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

### ACM Dynamic Opportunity Fund (Series ID: S000047794)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000150164 | ACM Dynamic Opportunity Fund Class A Shares | ADOAX           |
| C000150165 | ACM Dynamic Opportunity Fund Class I Shares | ADOIX           |

## 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:** ACM Dynamic Opportunity Fund

- **b. EDGAR series identifier (if any):** S000047794

- **c. LEI of Series:** 549300VVC0FY4C5RS064

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

- **a. Date of fiscal year-end:** 2022-12-31

- **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:** $95524624.61

**Total Liabilities:** $16830880.11

**Net Assets:** $78693744.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000150165 | 1.31%                | 0.22%                | -3.06%               |
| Class ID C000150164 | 1.28%                | 0.22%                | -3.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-358449.23              | $1139906.76                                |
| Month 2  | $-473280.61              | $514315.51                                 |
| Month 3  | $-523894.25              | $-1861198.03                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Visa Inc                            | VISA INC-CLASS A          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4500 | NS      | $934920.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.   | BOOZ ALLEN HAMIL          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      4000 | NS      | $418080.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.     | REGENERON PHARM           | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       500 | NS      | $360745.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                   | SPDR S&P BIOTECH ETF      | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     12500 | NS      | $1037500.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr                  | MATERIALS SELECT SECTOR S | CUSIP: 81369Y100<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |    -24000 | NS      | $-1864320.00  | -2.37%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | NVDA US 02/17/23 P150     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        45 | NC      | $61650.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Trust                 | GOLDMAN-FS GOVT-AD        | CUSIP: 38141W265<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |  12952306 | PA      | $12952306.23  | 16.46%            |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc.                   | EPAM SYSTEMS INC          | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      2000 | NS      | $655480.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | LULU US 01/20/23 P320     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        15 | NC      | $18825.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY US 03/17/23 P360      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       500 | NC      | $349000.00    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck ETF Trust                    | VANECK SEMICONDU          | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Short            | EC               | RF                | US        |     -8000 | NS      | $-1623520.00  | -2.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.        | ADV MICRO DEVICE          | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     10000 | NS      | $647700.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | TTD US 02/17/23 P45       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        75 | NC      | $35700.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                        | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4500 | NS      | $657630.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                     | ELI LILLY & CO            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3000 | NS      | $1097520.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | AMD US 02/17/23 P60       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       100 | NC      | $31400.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Neurocrine Biosciences Inc          | NEUROCRINE BIOSC          | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      3000 | NS      | $358320.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated | VERTEX PHARM              | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1300 | NS      | $375414.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                         | MODERNA INC               | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      2000 | NS      | $359240.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation     | UNITED THERAPEUT          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      2000 | NS      | $556180.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                    | AMAZON.COM INC            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     10000 | NS      | $840000.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | INTERCONTINENTAL          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      7200 | NS      | $738648.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.            | O'REILLY AUTOMOT          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1000 | NS      | $844030.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                  | ENPHASE ENERGY            | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      1000 | NS      | $264960.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Company      | ARCHER-DANIELS            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      8500 | NS      | $789225.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr                  | FINANCIAL SELECT SECTOR S | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |    -50000 | NS      | $-1710000.00  | -2.17%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills        | CMB 01/31/23              | CUSIP: 912796ZM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996939.44    | 1.27%             | 2023-01-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.               | CARDINAL HEALTH           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      5500 | NS      | $422785.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                  | TRADE DESK INC-A          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     10000 | NS      | $448300.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.               | QUANTA SERVICES           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      5500 | NS      | $783750.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                 | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  28757112 | PA      | $28757112.13  | 36.54%            |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.             | UNITEDHEALTH GRP          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1500 | NS      | $795270.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                        | US BANK MMDA-USBGFS 5     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  17509062 | PA      | $17509062.04  | 22.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr                  | HEALTH CARE SELECT SECTOR | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     18000 | NS      | $2445300.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                       | ISHARES RUSSELL 2000 ETF  | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |    -10000 | NS      | $-1743600.00  | -2.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust              | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Short            | EC               | RF                | US        |     -8000 | NS      | $-3059440.00  | -3.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.               | CELSIUS HOLDINGS          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7600 | NS      | $790704.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                          | APPLE INC                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6000 | NS      | $779580.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation              | FAIR ISAAC CORP           | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1300 | NS      | $778154.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                           | JABIL INC                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      4500 | NS      | $306900.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPY US 01/20/23 C400      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      2000 | NC      | $330000.00    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corporation               | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1700 | NS      | $407694.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation        | NORTHROP GRUMMAN          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3000 | NS      | $1636830.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                        | GRIFFON CORP              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     21000 | NS      | $751590.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corporation                   | CIGNA CORP                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1500 | NS      | $497010.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                       | ISHARES TRANSPORTATION AV | CUSIP: 464287192<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |     -8000 | NS      | $-1708400.00  | -2.17%            |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation              | MCDONALDS CORP            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1500 | NS      | $395295.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.            | LULULEMON ATH             | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      2500 | NS      | $800950.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                       | ISHARES U.S. MEDICAL DEVI | CUSIP: 464288810<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     46000 | NS      | $2418220.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | ALPHABET INC-A            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15000 | NS      | $1323450.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA           | LOGITECH INTERNATIONAL-RE | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |     13000 | NS      | $809250.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                   | SPDR S&P REGIONAL BANKING | CUSIP: 78464A698<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |    -30000 | NS      | $-1762200.00  | -2.24%            |  |  |  | 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