# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-26-002105
**Filing Date:** 2026-5
**Character Count:** 8663
**Document Hash:** e41f33588eadfe03199168982ef6b787
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002105.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002000324-26-002105

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23312
- **FILM NUMBER:** 261032964

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### USCF Daily Target 2X Copper Index ETF (Series ID: S000089593)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000256205 | USCF Daily Target 2X Copper Index ETF | CPXR            |

## Nport-Ex

**USCF Daily Target 2X Copper Index ETF**

**Schedule of Investments**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 77.7%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 77.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.53%<sup>(a)(b)</sup> | 15090802 | $15090802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $15,090,802)** |  | 15090802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 77.7% (Cost $15,090,802)** |  | $15090802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 22.3% |  | 4325276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $19416078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

(a) The
 rate shown represents the 7-day annualized effective yield as of March 31, 2026.

(b) Fair
 value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the
 financial statements, is available from the SEC's EDGAR database at www.sec.gov.

 **USCF Daily Target 2X Copper Index ETF**

**Schedule of Futures Contracts**

**March 31, 2026 (Unaudited)**

The USCF Daily Target 2X Copper Index ETF had the following futures contracts outstanding with SNC Capital Management Corp. as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS - (11.8)%** | | | | |
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| Copper<sup>(a)</sup> | 89 | 09/28/2026 | $12727000 | $(569165) |
| Copper<sup>(a)</sup> | 89 | 07/29/2026 | 12605737 | (872308) |
| Copper<sup>(a)</sup> | 90 | 05/27/2026 | 12631500 | (842562) |
| Micro Copper<sup>(a)</sup> | 13 | 08/27/2026 | 185900 | 1427 |
| Micro Copper<sup>(a)</sup> | 20 | 04/28/2026 | 280700 | (5718) |
| Micro Copper<sup>(a)</sup> | 22 | 06/26/2026 | 311603 | (5929) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $(2294255) |

---

(a) All
 or a portion of the investment is a holding of the USCF Copper Cayman Subsidiary.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** Uscf Daily Target 2x Copper Index ETF

- **b. EDGAR series identifier (if any):** S000089593

- **c. LEI of Series:** 254900K777E7918KGT32

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $19440050.99

**Total Liabilities:** $24044.59

**Net Assets:** $19416006.40

**Amount of Assets Invested in Other Investment Companies:** $4993792.92

**Cash Not Reported:** $3546840.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256205 | 7.64%                | 1.88%                | -14.54%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2.00                   | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $2.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** United States Copper Index Fund ETV

- **Index Identifier:** CPER

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  15090802 | NS      | $15090802.34  | 77.72%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        88 | NC      | $-872278.17   | -4.49%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     May26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        89 | NC      | $-842557.01   | -4.34%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Sep26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        88 | NC      | $-569135.16   | -2.93%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICRO COPPER      Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        15 | NC      | $-5849.55     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICRO COPPER      May26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        16 | NC      | $-5680.17     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MICRO COPPER      Sep26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         6 | NC      | $1595.28      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer