NPORT-P
false
0001537140
XXXXXXXX
S000037505
C000115778
C000115777
C000115779
NORTHERN LIGHTS FUND TRUST III
811-22655
0001537140
549300PPUECJSQFBYV98
225 PICTORIA DRIVE
SUITE 450
CINCINNATI
45246
631-470-2600
Swan Defined Risk Fund
S000037505
549300A86W0U1NC10X11
2026-06-30
2026-06-30
N
594091608.42
4102339.88
589989268.54
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
3062262.77000000
N
S&P 500 (TR)
500TR
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS CONSUMER STPL
81369Y308
111549.00000000
NS
USD
9266375.43000000
1.570600674302
Long
EC
RF
US
N
1
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS REAL ESTATE
81369Y860
80407.00020000
NS
USD
3540320.22000000
0.600065189111
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPXW US 08/07/26 P7250
N/A
-186.00000000
NC
USD
-1040505.60000000
-0.17636008915
Short
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-186.00000000
7250.00000000
USD
2026-08-07
XXXX
928230.38000000
N
N
N
N/A
N/A
SPXW US 07/10/26 P6500
N/A
-1500.00000000
NC
USD
-113960.68000000
-0.01931572082
Short
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-1500.00000000
6500.00000000
USD
2026-07-10
XXXX
4754967.39000000
N
N
N
N/A
N/A
SPXW US 08/07/26 P7100
N/A
186.00000000
NC
USD
680276.33000000
0.115303170120
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
186.00000000
7100.00000000
USD
2026-08-07
XXXX
-769583.99000000
N
N
N
N/A
N/A
SPXW US 08/14/26 P7100
N/A
187.00000000
NC
USD
835134.13000000
0.141550732281
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
187.00000000
7100.00000000
USD
2026-08-14
XXXX
-994866.19000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS TECH SEL SECT
81369Y803
433006.00000000
NS
USD
82496303.12000000
13.98267858738
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPXW US 08/14/26 P7250
N/A
-187.00000000
NC
USD
-1231719.96000000
-0.20876989221
Short
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-187.00000000
7250.00000000
USD
2026-08-14
XXXX
1230696.42000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS CONSUMER DISC
81369Y407
156924.00000000
NS
USD
18404046.72000000
3.119386690802
Long
EC
RF
US
N
1
N
N
N
FIRST AMERICAN FUNDS INC
549300J5J5SJCZ9IA369
FRST AM-GV OB-X
31846V336
2431020.32000000
PA
USD
2431020.32000000
0.412044837021
Long
STIV
RF
US
N
1
N
N
N
N/A
N/A
SPXW US 07/10/26 P6650
N/A
750.00000000
NC
USD
76449.76000000
0.012957822129
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
750.00000000
6650.00000000
USD
2026-07-10
XXXX
-3050336.20000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS FINANCIAL SEL
81369Y605
440480.00000000
NS
USD
23614132.80000000
4.002468190385
Long
EC
RF
US
N
1
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS ENERGY SELECT
81369Y506
115832.00000000
NS
USD
6151837.52000000
1.042703291065
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPXW US 07/10/26 P6350
N/A
750.00000000
NC
USD
43540.15000000
0.007379820671
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
750.00000000
6350.00000000
USD
2026-07-10
XXXX
-1890745.81000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS UTILITIES SEL
81369Y886
95688.00000000
NS
USD
4338493.92000000
0.735351327785
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPX US 12/17/27 P7250
N/A
341.00000000
NC
USD
14466481.21000000
2.451990566845
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
341.00000000
7250.00000000
USD
2027-12-17
XXXX
-8025525.42000000
N
N
N
N/A
N/A
SPX US 12/17/27 P7350
N/A
400.00000000
NC
USD
18051850.58000000
3.059691343991
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
400.00000000
7350.00000000
USD
2027-12-17
XXXX
-9677355.06000000
N
N
N
N/A
N/A
SPX US 07/17/26 P7430
N/A
-187.00000000
NC
USD
-988163.67000000
-0.16748841422
Short
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-187.00000000
7430.00000000
USD
2026-07-17
XXXX
370569.36000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS HEALTH CARE
81369Y209
114442.00000000
NS
USD
18157367.72000000
3.077575930310
Long
EC
RF
US
N
1
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS INDUSTRIAL
81369Y704
96578.00000000
NS
USD
17889142.94000000
3.032113276275
Long
EC
RF
US
N
1
N
N
N
ISHARES TRUST
5493000860OXIC4B5K91
ISHARES-C S&P500
464287200
468000.00000000
NS
USD
350480520.00000000
59.40455847058
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPX US 07/17/26 P7280
N/A
187.00000000
NC
USD
465726.74000000
0.078938171392
Long
DE
CORP
N/A
N
2
GOLDMAN SACHS & CO LLC
FOR8UP27PHTHYVLBNG30
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
187.00000000
7280.00000000
USD
2026-07-17
XXXX
-341000.23000000
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS MATERIALS ETF
81369Y100
70422.00000000
NS
USD
3579550.26000000
0.606714469376
Long
EC
RF
US
N
1
N
N
N
SELECT SECTOR SPDR TRUST (THE)
5493008JJKIPMEX3CO91
SS COMM SLCT ETF
81369Y852
149574.00000000
NS
USD
16023862.62000000
2.715958318979
Long
EC
RF
US
N
1
N
N
N
2026-07-28
NORTHERN LIGHTS FUND TRUST III
Rich Gleason
Rich Gleason
Treasurer