NPORT-P false 0000924727 XXXXXXXX S000009495 C000025975 C000249813 C000221940 Investment Managers Series Trust III 811-08544 0000924727 549300H7BXP5EUEHOJ64 235 W. Galena Street Milwaukee 53212 626-385-5777 FPA Crescent Fund S000009495 549300FMOJ71ODO86B07 2026-12-31 2026-06-30 N 12599437235.010000000000 128518135.300000000000 12470919099.710000000000 61008219.460000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 104484119.690000000000 USD N TREASURY BILL 254900HROIFWPRGM1V77 912797UK1 152000000 PA USD 150346878.40 1.2055797748 Long DBT UST US N 2 2026-10-15 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UN5 150000000 PA USD 149909750 1.2020745929 Long DBT UST US N 2 2026-07-07 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UP0 150000000 PA USD 149805000 1.2012346388 Long DBT UST US N 2 2026-07-14 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UQ8 100000000 PA USD 99800533.33 0.8002660632 Long DBT UST US N 2 2026-07-21 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UT2 199000000 PA USD 198186271.87 1.5891873749 Long DBT UST US N 2 2026-08-11 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797VC8 60000000 PA USD 59538888 0.4774218125 Long DBT UST US N 2 2026-09-15 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797VD6 119000000 PA USD 118007528.10 0.9462616761 Long DBT UST US N 2 2026-09-22 Fixed 0 N N N N N N Walmart Stores Disc, CP due 07/27/26 / N/A 93114FGT5 15000000 PA USD 14960241.64 0.1199610191 Long ABS-APCP CORP US Y 2 2026-07-27 None 0 N N N N N N Walmart Stores Disc, 08/06/26 / N/A 93114FH64 75000000 PA USD 74724000.07 0.5991859900 Long ABS-APCP CORP US Y 2 2026-08-06 None 0 N N N N N N LEALAND FINANCE Co. B.V. LETTER OF CREDIT / N/A 935IQZII8 26500921.03 PA USD 24380847.35 0.1955016078 Long LON CORP US Y 3 2027-06-30 Variable 7.987030 N N N N N N LEALAND FINANCE Co. B.V. SENIOR EXIT LC / N/A 589477088 -21844967.71 PA USD -1092248.39 -0.0087583632 Short LON CORP US Y 3 2027-06-30 Fixed 0 N N N N N N FOOTPATH VENTURES SPV IV LP / N/A 943GGE008 150000 OU Other Units USD 22663114.50 0.1817277004 Long PF US Y 3 N N N WAYFAIR INC 54930027N9ZAVYFDHK53 94419LAF8 4278000 PA USD 4197581.49 0.0336589585 Long DBT CORP US N 2 2026-08-15 Fixed 1 N N N N Y Wayfair Inc USD XXXX N N N FPS LLC / N/A 963HYB908 2073733.54 OU Other Units USD 156435904.84 1.2544055782 Long PF US Y 3 N N N ICON PLC 6354008SRQGEMC4XFI67 G4705A100 382104 NS USD 66375285.84 0.5322405294 Long EC CORP IE N 1 N N N IFF BZLRL03D3GPGMOGFO832 459506101 3163067 NS USD 250578167.74 2.0092999220 Long EC CORP US N 1 N N N IMCD NV 724500NSJPNFJPDAUP02 999999999 640089 NS 57879126.31 0.4641127558 Long EC CORP NL N 2 N N N Intuit Inc VI90HBPH7XSFMB9E4M29 461202103 203992 NS USD 53241912 0.4269285333 Long EC CORP US N 1 N N N iShares Russell 2000 Growth ET 549300CPJOUVKWJGSH44 464287648 -31492 NS USD -12406588.32 -0.0994841537 Short RF US N 1 N N N Pepsico, Inc. DCP DCP, 07/15/26 / N/A 71344UGF0 55000000 PA USD 54923000 0.4404085983 Long ABS-APCP CORP US Y 2 2026-07-15 None 0 N N N N N N Pepsico, Inc. DCP DCP, 07/16/2026 / N/A 71344UGG8 71000000 PA USD 70893795.78 0.5684729025 Long ABS-APCP CORP US Y 2 2026-07-16 None 0 N N N N N N Pepsico, Inc. DCP DCP, 07/17/26 / N/A 71344UGH6 150000000 PA USD 149760000 1.2008737993 Long ABS-APCP CORP US Y 2 2026-07-17 None 0 N N N N N N Pepsico, Inc. DCP DCP, 08/04/2026 / N/A 71344UH44 30000000 PA USD 29897150 0.2397349366 Long ABS-APCP CORP US Y 2 2026-08-04 None 0 N N N N N N FPS SHELBY HOLDCO I LLC / N/A 966GBDII9 107799.3450 OU Other Units USD 8894467.60 0.0713216687 Long PF US Y 3 N N N EPIC GAMES, INC. PRIVATE COMMON STOCK / N/A 966TDKII3 33130 NS USD 7581469.20 0.0607931872 Long EC CORP US Y 3 N N N BFFY829 TRS USD GREEN THUMB (GTBIF) / N/A 99S1TLT69 2078319 NC USD 41566.38 0.0003333065 N/A DE US Y 2 Nomura Securities International N/A BFFY829 TRS USD GREEN THUMB (GTBIF) / BFFY829 TRS USD GREEN THUMB (GTBIF) / Y Performance 2026-08-17 0.000000000000 USD 0.000000000000 USD 16397936.91 USD 41566.38 N N N U.S. FARMING REALTY TRUST II COM STOCK / N/A ACI026HK7 120000 OU Other Units USD 474481.80 0.0038047059 Long PF US Y 3 N N N SOUND HOLDING FP LUXEMBORG PRIVATE EQ / N/A 999999999 1146250 NS 0 0.0000000000 Long EC CORP LU Y 3 N N N Analog Devices Inc GYVOE5EZ4GDAVTU4CQ61 032654105 1071516 NS USD 425574009.72 3.4125312362 Long EC CORP US N 1 N N N Arthur J Gallagher & Co 54930049QLLMPART6V29 363576109 792439 NS USD 181920221.23 1.4587555238 Long EC CORP US N 1 N N N Amrize Ltd 529900SLCCO6K43P8146 H2927K103 1926741 NS USD 102695295.30 0.8234781613 Long EC CORP CH N 1 N N N Amazon.com Inc ZXTILKJKG63JELOEG630 023135106 811395 NS USD 193387884.30 1.5507107596 Long EC CORP US N 1 N N N Aon PLC 635400FALWQYX5E6QC64 G0403H108 477656 NS USD 158433718.64 1.2704253582 Long EC CORP GB N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 11135F101 39055 NS USD 14753026.25 0.1182994303 Long EC CORP US N 1 N N N Avantor Inc N/A 05352A100 4862151 NS USD 48135294.90 0.3859803316 Long EC CORP US N 1 N N N Azelis Group NV 699400M9RRMTV264FM70 999999999 20235939 NS 215485466.98 1.7279036554 Long EC CORP BE N 2 N N N Baxter International Inc J5OIVXX3P24RJRW5CK77 071813109 4541166 NS USD 96817659.12 0.7763474235 Long EC CORP US N 1 N N N Becton Dickinson & Co ICE2EP6D98PQUILVRZ91 075887109 1239824 NS USD 187622565.92 1.5044806595 Long EC CORP US N 1 N N N Bio-Rad Laboratories Inc 549300ZC1GPV35XYDK53 090572207 244376 NS USD 71751237.36 0.5753484309 Long EC CORP US N 1 N N N LEALAND FINANCE CO BV N/A N5200EAB7 41211667.73 PA USD 39151084.34 0.3139390451 Long LON CORP NL Y 3 2027-12-31 Floating 7.758420 N N N N N N Alphabet Inc 5493006MHB84DD0ZWV18 02079K107 740920 NS USD 261789263.60 2.0991978338 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 02079K305 1002716 NS USD 358340616.92 2.8734098430 Long EC CORP US N 1 N N N Heineken Holding NV 724500M1WJLFM9TYBS04 999999999 3103087 NS 236299436.85 1.8948037026 Long EC CORP NL N 2 N N N Holcim AG 529900EHPFPYHV6IQO98 999999999 826751 NS 74542141.68 0.5977277303 Long EC CORP CH N 2 N N N Jefferies Financial Group Inc 549300HOF34RGOJ5YL07 47233W109 2277248 NS USD 113816855.04 0.9126581139 Long EC CORP US N 1 N N N Jett Texas LLC SOURCE / N/A 999999999 22500000 OU Other Units USD 26421750 0.2118669024 Long PF US Y N/A N N N JAPANESE YEN / N/A 999999999 184338773 OU Currency 1133729.65 0.0090909871 Long STIV JP N 1 N N N JPY SPOT FORWARD CONTRACT / N/A 999999999 -184338774 OU Currency -1133729.66 -0.0090909872 Short STIV JP N 1 N N N Pernod Ricard SA 52990097YFPX9J0H5D87 999999999 1008624 NS 73314357 0.5878825483 Long EC CORP FR N 2 N N N ROSS ACQUISITION CORP II -A N/A G7641C114 77074 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased ROSS ACQUISITION COR SHS CL A ROSS ACQUISITION COR SHS CL A 1 11.500000000000 USD 2026-09-16 XXXX -16688.03 N N N Safran SA 969500UIC89GT3UL7L24 999999999 544912 NS 214738724.21 1.7219157826 Long EC CORP FR N 2 N N N SAP SE 529900D6BF99LW9R2E68 803054204 229468 NS USD 35363313.48 0.2835662167 Long CORP DE N 1 N N N SAP SE 529900D6BF99LW9R2E68 999999999 136850 NS 21095102.26 0.1691543509 Long EC CORP DE N 2 N N N Sodexo SA 969500LCBOG12HXPYM84 999999999 1531670 NS 88592723.84 0.7103945037 Long EC CORP FR N 2 N N N TE Connectivity PLC 894500ZRIX9K13RHXR17 H84989104 977205 NS USD 197014300.05 1.5797897370 Long EC CORP IE N 1 N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 883556102 150282 NS USD 75345383.52 0.6041686496 Long EC CORP US N 1 N N N Uber Technologies Inc 549300B2FTG34FILDR98 90353T100 602717 NS USD 43492058.72 0.3487478218 Long EC CORP US N 1 N N N Vornado Realty Trust N/A 929042109 1448615 NS USD 56930569.50 0.4565066058 Long CORP US N 1 N N N NCR Voyix Corp 549300YKTY8JX1DV2R67 62886E108 3636184 NS USD 29707623.28 0.2382151872 Long EC CORP US N 1 N N N Westinghouse Air Brake Technol 06BTX5UWZD0GQ5N5Y745 929740108 115411 NS USD 31114805.60 0.2494988970 Long EC CORP US N 1 N N N Waters Corp 5T547R1474YC9HOD8Q74 941848103 159710 NS USD 59897638.40 0.4802985082 Long EC CORP US N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 949746101 476704 NS USD 39394818.56 0.3158934658 Long EC CORP US N 1 N N N Pepsico, Inc. DCP DCP, 08/06/2026 / N/A 71344UH69 64000000 PA USD 63769600 0.5113464332 Long ABS-APCP CORP US Y 2 2026-08-06 None 0 N N N N N N Pepsico, Inc. DCP DCP, 08/20/2026 / N/A 71344UHL6 24000000 PA USD 23879333.35 0.1914801400 Long ABS-APCP CORP US Y 2 2026-08-20 None 0 N N N N N N Pepsico, Inc. DCP DCP, 08/24/2026 / N/A 71344UHQ5 62000000 PA USD 61661479.81 0.4944421443 Long ABS-APCP CORP US Y 2 2026-08-24 None 0 N N N N N N Pepsico, Inc. DCP DCP, 09/10/2026 / N/A 71344UJA8 94000000 PA USD 93325184.23 0.7483424717 Long ABS-APCP CORP US Y 2 2026-09-10 None 0 N N N N N N Pepsico, Inc. DCP DCP, 09/11/2026 / N/A 71344UJB6 48000000 PA USD 47651520 0.3821011075 Long ABS-APCP CORP US Y 2 2026-09-11 None 0 N N N N N N Pepsico, Inc. DCP DCP, 09/15/2026 / N/A 71344UJF7 50000000 PA USD 49615777.62 0.3978518121 Long ABS-APCP CORP US Y 2 2026-09-15 None 0 N N N N N N SPAR PERSHING SQUARE SPARC SHS / N/A 714920113 114294 NS USD 0 0.0000000000 Long EC CORP US Y 3 N N N ESC PERSHING SQUARE SHS / N/A 715ESC018 457176 NS USD 0 0.0000000000 Long EC CORP US Y 3 N N N ROCHE HOLDINGS DCP DCP, 09/18/2026 / N/A 77119MJJ7 139000000 PA USD 137877497.65 1.1055921103 Long ABS-APCP CORP US Y 2 2026-09-18 None 0 N N N N N N ROCHE HOLDINGS DCP DCP, 10/02/2026 / N/A 77119MK22 150000000 PA USD 148566250 1.1913015297 Long ABS-APCP CORP US Y 2 2026-10-02 None 0 N N N N N N ROCHE HOLDINGS DCP DCP, 10/15/2026 / N/A 77119MKF3 131000000 PA USD 129572827.65 1.0389998252 Long ABS-APCP CORP US Y 2 2026-10-15 None 0 N N N N N N Nintendo Co Ltd 353800FEEXU6I9M0ZF27 999999999 1724280 NS 72488748.17 0.5812622758 Long EC CORP JP N 2 N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513AR6 2588000 PA USD 2555650 0.0204928761 Long EP CORP US N 2 2069-10-31 Variable 5 N N N N N N TOTAL FINA ELF CAP DCP, 09/01/2026 / N/A 89152FJ14 35000000 PA USD 34771547.18 0.2788210468 Long ABS-APCP CORP FR Y 2 2026-09-01 None 0 N N N N N N TOTAL FINA ELF CAP DCP, 09/02/2026 / N/A 89152FJ22 23000000 PA USD 22847452.45 0.1832058429 Long ABS-APCP CORP FR Y 2 2026-09-02 None 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797TF4 100000000 PA USD 99990044.44 0.8017856875 Long DBT UST US N 2 2026-07-02 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797TN7 143000000 PA USD 142786658.75 1.1449569804 Long DBT UST US N 2 2026-07-16 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797TP2 135000000 PA USD 134706300 1.0801633699 Long DBT UST US N 2 2026-07-23 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797TW7 153000000 PA USD 152344318.08 1.2215965548 Long DBT UST US N 2 2026-08-13 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UG0 105000000 PA USD 104171067 0.8353118657 Long DBT UST US N 2 2026-09-17 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UH8 84000000 PA USD 83275600.80 0.6677583275 Long DBT UST US N 2 2026-09-24 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797UJ4 191000000 PA USD 189050711.30 1.5159324649 Long DBT UST US N 2 2026-10-08 Fixed 0 N N N N N N CarMax Inc N/A 143130102 1845215 NS USD 97593421.35 0.7825679933 Long EC CORP US N 1 N N N SOUTH KOREAN WON / N/A 999999999 3 OU Currency 0 0.0000000000 Long STIV KR N 1 N N N Kerry Group PLC 635400TLVVBNXLFHWC59 999999999 1289856 NS 118318938.91 0.9487587720 Long EC CORP IE N 2 N N N Liberty Broadband Corp 549300MIX43II8JLN536 530307305 3266799 NS USD 108653734.74 0.8712568326 Long EC CORP US N 1 N N N LPL Financial Holdings Inc 549300XROQ4Y8G2L7682 50212V100 283826 NS USD 79948107.68 0.6410763075 Long EC CORP US N 1 N N N Marriott International Inc/MD 225YDZ14ZO8E1TXUSU86 571903202 22635 NS USD 8388304.65 0.0672629225 Long EC CORP US N 1 N N N Mcdermott International Ltd 54930004RAXI4B3L4752 G5924V148 2399201 NS USD 59740104.90 0.4790353014 Long EC CORP US Y 3 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 30303M102 434581 NS USD 244795131.49 1.9629277484 Long EC CORP US N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 N5505D105 1712617 NS USD 29816661.97 0.2390895309 Long EC CORP NL N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 999999999 545298 NS 9486116.55 0.0760658976 Long EC CORP NL N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 999999999 7088011 NS 123392293.87 0.9894402560 Long EC CORP NL N 1 N N N MSILF Treasury Portfolio 549300D1XR6GP7EZ0T47 61747C582 12826865.98 PA USD 12826865.98 0.1028542153 Long STIV RF US N 1 N N N MARIADB PLC N/A G5920M118 316054 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased MARIADB PLC ORD SHS MARIADB PLC ORD SHS 1 11.500000000000 USD 2027-12-16 XXXX -180510.74 N N N Merck KGaA 529900OAREIS0MOPTW25 999999999 465134 NS 77976962.14 0.6252703711 Long EC CORP DE N 2 N N N Vail Resorts Inc 529900PSZHRNU9HKH870 91879Q109 769770 NS USD 104804185.50 0.8403886246 Long EC CORP US N 1 N N N NOV Inc 549300EHF3IW1AR6U008 62955J103 3892487 NS USD 72205633.85 0.5789920797 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 N6596X109 418110 NS USD 117501453.30 0.9422036368 Long EC CORP NL N 1 N N N PG&E Corp 8YQ2GSDWYZXO2EDN3511 69331C108 720710 NS USD 12122342.20 0.0972048820 Long EC CORP US N 1 N N N Prosus NV 635400Z5LQ5F9OLVT688 999999999 3239227 NS 140755738.60 1.1286717320 Long EC CORP NL N 2 N N N PayPal Holdings Inc 5493005X2GO78EFZ3E94 70450Y103 1311090 NS USD 56612866.20 0.4539590526 Long EC CORP US N 1 N N N LEALAND REFICAR TERM LOAN / N/A 999999999 619986.94 PA USD 557988.25 0.0044743154 Long LON CORP US Y 3 2027-06-30 Variable 11.433550 N N N N N N LG Corp N/A 999999999 1087984 NS 68951308.54 0.5528967672 Long EC CORP KR N 2 N N N ALTABA, Inc. ESCROW SHS ORD REG / N/A 021ESC017 4756180 NS USD 5469607 0.0438588925 Long EC CORP US Y 3 N N N Samsung C&T Corp 988400GFRE4IDFPE9E64 999999999 533078 NS 165054101.85 1.3235119283 Long EC CORP KR N 2 N N N CHEVRON Corp. DCP 09/14/2026 / N/A 16677KJE4 60000000 PA USD 59531250 0.4773605660 Long ABS-APCP CORP US Y 2 2026-09-14 None 0 N N N N N N CISCO SYSTEMS, Inc. DCP 07/27/2026 / N/A 17277BGT6 73000000 PA USD 72809145.51 0.5838314316 Long ABS-APCP CORP US Y 2 2026-07-27 None 0 N N N N N N WALT DISNEY DCP, 08/19/2026 / N/A 2546R3HK3 21000000 PA USD 20890525.87 0.1675139234 Long ABS-APCP CORP US Y 2 2026-08-19 None 0 N N N N N N WALT DISNEY DCP, 08/20/2026 / N/A 2546R3HL1 50000000 PA USD 49734027.86 0.3988000200 Long ABS-APCP CORP US Y 2 2026-08-20 None 0 N N N N N N Orion Corp/Republic of Korea N/A 999999999 651117 NS 55671213.87 0.4464082673 Long EC CORP KR N 2 N N N ECHOSTAR CORP 549300EE20907QZ9GT38 278768AB2 33209948 PA USD 103698062.63 0.8315190067 Long DBT CORP US N 2 2030-11-30 Fixed 3.8750 N N N N Y EchoStar Corp USD XXXX N N N Nippon Paint Holdings Co Ltd 529900RYRJUN78A7PL87 999999999 17432900 NS 113707517.57 0.9117813744 Long EC CORP JP N 2 N N N JOHNSON & JOHNSON Co. DCP, 07/08/2026 / N/A 47816GG86 115000000 PA USD 114917711.10 0.9214854990 Long ABS-APCP CORP US Y 2 2026-07-08 None 0 N N N N N N JOHNSON & JOHNSON Co. DCP, 07/13/2026 / N/A 47816GGD5 104000000 PA USD 103875200 0.8329394102 Long ABS-APCP CORP US Y 2 2026-07-13 None 0 N N N N N N JOHNSON & JOHNSON Co. DCP, 11/03/2026 / N/A 47816GL31 11800000 PA USD 11649222.22 0.0934110961 Long ABS-APCP CORP US Y 2 2026-11-03 None 0 N N N N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 999999999 39937 NS 644622.50 0.0051690055 Long EC CORP JP N 2 N N N MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP / N/A 58004K406 124614 NS USD 3102888.60 0.0248809937 Long EC CORP BM Y 3 N N N NESTLE CAPITAL Corp. DCP, 07/10/2026 / N/A 64105HGA4 100000000 PA USD 99908669.95 0.8011331735 Long ABS-APCP CORP US Y 2 2026-07-10 None 0 N N N N N N NESTLE CAPITAL Corp. DCP, 08/03/2026 / N/A 64105HH39 75000000 PA USD 74750437.57 0.5993979832 Long ABS-APCP CORP US Y 2 2026-08-03 None 0 N N N N N N NESTLE CAPITAL DCP, 07/21/26 / N/A 64106HGM7 95000000 PA USD 94803666.67 0.7601979125 Long ABS-APCP CORP US Y 2 2026-07-21 None 0 N N N N N N NESTLE CAPITAL DCP, 07/23/26 / N/A 64106HGP0 38000000 PA USD 37913613.38 0.3040161922 Long ABS-APCP CORP US Y 2 2026-07-23 None 0 N N N N N N NESTLE CAPITAL DCP, 08/05/2026 / N/A 64106HH53 30000000 PA USD 29891499.95 0.2396896308 Long ABS-APCP CORP US Y 2 2026-08-05 None 0 N N N N N N NESTLE CAPITAL DCP, 08/13/2026 / N/A 64106HHD6 39000000 PA USD 38825778.33 0.3113305284 Long ABS-APCP CORP US Y 2 2026-08-13 None 0 N N N N N N NESTLE CAPITAL DCP, 09/04/2026 / N/A 64106HJ44 82000000 PA USD 81444791.46 0.6530776987 Long ABS-APCP CORP US Y 2 2026-09-04 None 0 N N N N N N NESTLE CAPITAL DCP, 09/09/2026 / N/A 64106HJ93 110000000 PA USD 109197916.95 0.8756204421 Long ABS-APCP CORP US Y 2 2026-09-09 None 0 N N N N N N NESTLE CAPITAL DCP, 11/30/2026 / N/A 64106HLW9 10000000 PA USD 9839555.60 0.0789000035 Long ABS-APCP CORP US Y 2 2026-11-30 None 0 N N N N N N Hoshizaki Corp 5299001QAMLGU3SRBG20 999999999 1176320 NS 38486389.86 0.3086090893 Long EC CORP JP N 2 N N N Hirose Electric Co Ltd N/A 999999999 453500 NS 81436685.92 0.6530127031 Long EC CORP JP N 2 N N N Pepsico, Inc. DCP DCP, 07/01/26 / N/A 71344UG11 111000000 PA USD 111000000 0.8900707246 Long ABS-APCP CORP US Y 2 2026-07-01 None 0 N N N N N N Pepsico, Inc. DCP DCP, 07/06/26 / N/A 71344UG60 113000000 PA USD 112943970.83 0.9056587564 Long ABS-APCP CORP US Y 2 2026-07-06 None 0 N N N N N N Pepsico, Inc. DCP DCP, 07/07/26 / N/A 71344UG78 24500000 PA USD 24485014.17 0.1963368856 Long ABS-APCP CORP US Y 2 2026-07-07 None 0 N N N N N N Pepsico, Inc. DCP DCP, 07/09/26 / N/A 71344UG94 128000000 PA USD 127896106.68 1.0255547779 Long ABS-APCP CORP US Y 2 2026-07-09 None 0 N N N N N N LEALAND FINANCE CO BV N/A N5200EAC5 1074220.90 PA USD 1020509.86 0.0081831167 Long LON CORP NL Y 3 2027-06-30 Floating 6.758420 N N N N N N CORNERSTONE ONDEMAND INC 549300Z402F16H5EGH48 86803YAB9 2474048.08 PA USD 1542148.39 0.0123659562 Long LON CORP US Y 2 2028-10-16 Floating 7.743820 N N N N N N VISION SOLUTIONS INC N/A 70477BAE2 2473613.70 PA USD 1867578.34 0.0149754667 Long LON CORP US Y 2 2028-04-24 Floating 7.928450 N N N N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 999999999 1600000 PA 1769133.46 0.0141860712 Long DBT CORP DE N 2 2028-01-15 Fixed 1.50 N N N N N N Bureau Veritas SA 969500TPU5T3HA5D1F11 999999999 1795460 NS 54992527.25 0.4409661133 Long EC CORP FR N 2 N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 172967424 1839742 NS USD 257490290.32 2.0647258495 Long EC CORP US N 1 N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 999999999 295098 NS 68116981.94 0.5462065899 Long EC CORP CH N 2 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 20030N101 3996138 NS USD 98105187.90 0.7866716728 Long EC CORP US N 1 N N N CNH Industrial NV 549300WGC2HZ5J67V817 N20944109 4290154 NS USD 48178429.42 0.3863262125 Long EC CORP GB N 1 N N N Douglas Emmett Inc N/A 25960P109 6976598 NS USD 82323856.40 0.6601266173 Long CORP US N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 G42089113 104975 NS 2114190.09 0.0169529613 Long EC CORP GB N 2 N N N Delivery Hero SE 529900C3EX1FZGE48X78 999999999 327000 NS 13381705.32 0.1073032806 Long EC CORP DE N 2 N N N Danaher Corp S4BKK9OTCEWQ3YHPFM11 235851102 337623 NS USD 64310429.04 0.5156831548 Long EC CORP US N 1 N N N ELECTRIQ POWER HOLDINGS INC N/A 285046116 414327 NC USD 0 0.0000000000 N/A DE CORP US N 3 OTC US N/A Call Purchased ELECTRIQ PWR HLDGS I COM SHS ELECTRIQ PWR HLDGS I COM SHS 1 6.570000000000 USD 2028-07-31 XXXX -32813.09 N N N Eurofins Scientific SE 529900JEHFM47DYY3S57 999999999 1744218 NS 136492631.66 1.0944873475 Long EC CORP LU N 2 N N N Fortune Brands Innovations Inc 54930032LHW54PQUJD44 34964C106 2353218 NS USD 129191668.20 1.0359434390 Long EC CORP US N 1 N N N Fluidra SA 95980020140005026620 999999999 3110930 NS 70400075.76 0.5645139319 Long EC CORP ES N 2 N N N Ferguson Enterprises Inc 2138003JYQMRP3SLX189 G3421J106 489528 NS USD 116179680.24 0.9316047944 Long EC CORP US N 1 N N N GE HealthCare Technologies Inc 549300OI9J7XOWZMUN85 36266G107 505075 NS USD 32329850.75 0.2592419251 Long EC CORP US N 1 N N N Glencore PLC 2138002658CPO9NBH955 999999999 23733209 NS 161822771.65 1.2976010056 Long EC CORP CH N 2 N N N Grupo Mexico SAB de CV 529900JWLZAYET2ZGW20 999999999 4215343 NS 47785538.03 0.3831757519 Long EC CORP MX N 1 N N N 2026-07-13 Investment Managers Series Trust III /s/ Maureen Quill Maureen Quill President