# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-044409
**Filing Date:** 2023-2
**Character Count:** 22829
**Document Hash:** 17b3f9fe2f100213cce335390f34dac4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044409.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044409

**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:** 23679423

**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 Dividend Sector Plus Fund (Series ID: S000048332)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000152642 | HCM Dividend Sector Plus Fund Class A Shares        | HCMNX           |
| C000152643 | HCM Dividend Sector Plus Fund Class A1 Shares       | HCMWX           |
| C000152644 | HCM Dividend Sector Plus Fund Investor Class Shares | HCMPX           |
| C000152645 | HCM Dividend Sector Plus Fund Class I Shares        | HCMQX           |
| C000152646 | HCM Dividend Sector Plus Fund Class R Shares        | HCMZX           |

## 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 Dividend Sector Plus Fund

- **b. EDGAR series identifier (if any):** S000048332

- **c. LEI of Series:** 549300QYTEJYTXYJCL20

**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:** $1190131531.34

**Total Liabilities:** $2125253.27

**Net Assets:** $1188006278.07

**Cash Not Reported:** $7247680.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152642 | 5.15%                | 4.14%                | -5.12%               |
| Class ID C000152645 | 5.17%                | 4.11%                | -5.08%               |
| Class ID C000152646 | 5.15%                | 4.14%                | -5.12%               |
| Class ID C000152643 | 5.07%                | 4.13%                | -5.10%               |
| Class ID C000152644 | 5.08%                | 4.05%                | -5.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $282166.26               | $58601335.86                               |
| Month 2  | $-2267427.97             | $51859037.70                               |
| Month 3  | $-18867402.73            | $-48162159.99                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Proshares Trust                             | PROSHARES ULTRA QQQ       | CUSIP: 74347R206<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |    733300 | NS      | $25694832.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                      | DIAMONDBACK ENER          | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     27446 | NS      | $3754063.88   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                      | LUMEN TECHNOLOGI          | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    614100 | NS      | $3205602.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Company               | MOLSON COORS-B            | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     82873 | NS      | $4269616.96   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                 | PFIZER INC                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     91838 | NS      | $4705779.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                        | M&T BANK CORP             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     25564 | NS      | $3708313.84   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                 | VIATRIS INC               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    430344 | NS      | $4789728.72   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Company                      | DXC TECHNOLOGY C          | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    144214 | NS      | $3821671.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Incorporation              | ALASKA AIR GROUP          | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     96011 | NS      | $4122712.34   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                   | APA CORP                  | CUSIP: 03743Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93262 | NS      | $4353470.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                              | KROGER CO                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     93427 | NS      | $4164975.66   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                      | MICRON TECH               | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     74720 | NS      | $3734505.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corporation                          | LENNAR CORP-A             | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     53545 | NS      | $4845822.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMORGAN CHASE            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     34041 | NS      | $4564898.10   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                            | NEWS CORP-CL A            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    244456 | NS      | $4449099.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                      | SOUTHWEST AIR             | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    121149 | NS      | $4079086.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                 | MODERNA INC               | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     31113 | NS      | $5588517.06   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                               | ISHARES SELECT DIVIDEND E | CUSIP: 464287168<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    837663 | NS      | $101022157.80 | 8.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                | ORGANON & CO              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    170160 | NS      | $4752568.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                          | ALTRIA GROUP INC          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     91667 | NS      | $4190098.57   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                           | NUCOR CORP                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     30707 | NS      | $4047489.67   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                     | MOHAWK INDS               | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     42056 | NS      | $4298964.32   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation               | REGIONS FINANCIA          | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    198958 | NS      | $4289534.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The AES Corporation                         | AES CORP                  | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    166207 | NS      | $4780113.32   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corporation                          | EXELON CORP               | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    110995 | NS      | $4798313.85   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                       | FREEPORT-MCMORAN          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    131876 | NS      | $5011288.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Trust                            | WISDOMTREE US LARGECAP DI | CUSIP: 97717W307<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |   1969134 | NS      | $121987851.30 | 10.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                        | EDISON INTL               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     73590 | NS      | $4681795.80   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.             | UNIVERSAL HLTH-B          | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     43297 | NS      | $6100114.33   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                             | FOX CORP - B              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    150326 | NS      | $4276774.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                           | FEDEX CORP                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     26796 | NS      | $4641067.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                | CF INDUSTRIES HO          | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     39212 | NS      | $3340862.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                             | FOX CORP - A              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    140486 | NS      | $4266559.82   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Company              | ARCHER-DANIELS            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     46040 | NS      | $4274814.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                           | TYSON FOODS-A             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     62371 | NS      | $3882594.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                | RAYMOND JAMES             | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     40525 | NS      | $4330096.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HCM BBH SWEEP                               | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        | 512440201 | PA      | $512440201.36 | 43.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corporation                    | RALPH LAUREN COR          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     44962 | NS      | $4751134.54   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corporation                   | VALERO ENERGY             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     33315 | NS      | $4226340.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                | LYONDELLBASELL-A          | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     51006 | NS      | $4235028.18   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Company                  | MARATHON PETROLE          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     37874 | NS      | $4408154.86   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc. | EXPEDITORS INTL           | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     43786 | NS      | $4550241.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                          | MOSAIC CO/THE             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     78549 | NS      | $3445944.63   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank                              | SIGNATURE BANK            | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |     27997 | NS      | $3225814.34   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corporation                    | MARATHON OIL              | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |    142592 | NS      | $3859965.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                      | HP INC                    | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    153244 | NS      | $4117666.28   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                           | DR HORTON INC             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     55860 | NS      | $4979360.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                            | NRG ENERGY                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     96542 | NS      | $3071966.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Proshares Trust                             | PROSHARES ULTRA S&P500    | CUSIP: 74347R107<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |    208150 | NS      | $9252267.50   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Whitehall Funds                    | VANGUARD HIGH DVD YIELD E | CUSIP: 921946406<br>LEI: 5493006QD7VQBS2FQD13 | Long             | EC               | RF                | US        |   1007034 | NS      | $108971149.14 | 9.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                        | UNITED RENTALS            | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     14235 | NS      | $5059403.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corporation           | PINNACLE WEST             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     63777 | NS      | $4849603.08   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                            | NEWS CORP-CL B            | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    242123 | NS      | $4464748.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                       | WESTERN DIGITAL           | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    119745 | NS      | $3777954.75   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Fds                          | VANGUARD GROWTH ETF       | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     12580 | NS      | $2680923.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                             | PULTEGROUP INC            | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104915 | NS      | $4776779.95   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                           | INTEL CORP                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    153020 | NS      | $4044318.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Specialized Funds                  | VANGUARD DIVIDEND APPREC  | CUSIP: 921908844<br>LEI: 549300OM0CLBHZ9MZW59 | Long             | EC               | RF                | US        |    548952 | NS      | $83358361.20  | 7.02%             |  |  |  | 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