0001752724-23-043102.txt : 20230227 0001752724-23-043102.hdr.sgml : 20230227 20230227152309 ACCESSION NUMBER: 0001752724-23-043102 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230227 DATE AS OF CHANGE: 20230227 PERIOD START: 20230930 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: 23674036 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 0001537140 S000051216 Absolute Capital Defender Fund C000161387 Absolute Capital Defender Fund Class A Shares ACMAX C000161388 Absolute Capital Defender Fund Institutional Class Shares ACMIX C000161389 Absolute Capital Defender Fund Investor Class Shares ACMDX NPORT-P 1 primary_doc.xml NPORT-P false 0001537140 XXXXXXXX S000051216 C000161388 C000161389 C000161387 NORTHERN LIGHTS FUND TRUST III 811-22655 0001537140 549300PPUECJSQFBYV98 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 Absolute Capital Defender Fund S000051216 5493001IKPBKJOOLYY67 2023-09-30 2022-12-31 N 23275304.64 55306.87 23219997.77 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 0.00000000 N Cintas Corporation N/A CINTAS CORP 172908105 300.00000000 NS USD 135486.00000000 0.583488428130 Long EC CORP US N 1 N N N Oracle Corporation 1Z4GXXU7ZHVWFCD8TV52 ORACLE CORP 68389X105 1600.00000000 NS USD 130784.00000000 0.563238641516 Long EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 PALO ALTO NETWOR 697435105 700.00000000 NS USD 97678.00000000 0.420663261760 Long EC CORP US N 1 N N N Constellation Brands, Inc. 5493005GKEG8QCVY7037 CONSTELLATION-A 21036P108 600.00000000 NS USD 139050.00000000 0.598837266813 Long EC CORP US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES US INFRA 46435U713 11200.00000000 NS USD 406112.00000000 1.748975189501 Long EC RF US N 1 N N N FIRST AMERN FDS INC 549300J5J5SJCZ9IA369 FRST AM-GV OB-X 31846V336 5577575.89000000 PA USD 5577575.89000000 24.02057030860 Long STIV RF US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 MCDONALDS CORP 580135101 1000.00000000 NS USD 263530.00000000 1.134926896248 Long EC CORP US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD S&P 500 ETF 922908363 1100.00000000 NS USD 386474.00000000 1.664401537967 Long EC RF US N 1 N N N McCormick & Company, Incorporated 549300JQQA6MQ4OJP259 MCCORMICK-N/V 579780206 1300.00000000 NS USD 107757.00000000 0.464069812010 Long EC CORP US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD INFO TECH ETF 92204A702 800.00000000 NS USD 255528.00000000 1.100465221965 Long EC RF US N 1 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 YUM CHINA HOLDINGS INC 98850P109 2500.00000000 NS USD 136625.00000000 0.588393682692 Long EC CORP US N 1 N N N Vanguard/Wellingtn 549300X1E8M3H6XRMS84 VNGRD MULTI ETF 921935607 8000.00000000 NS USD 790672.00000000 3.405133832620 Long EC RF US N 1 N N N Invesco Exchange Traded Fund Trust II O540V2L4S174Y60FMD36 INVESCO S&P 500 REV ETF 46138G698 15500.00000000 NS USD 1146070.00000000 4.935702455065 Long EC RF US N 1 N N N YUM Brands Inc 549300JE8XHZZ7OHN517 YUM! BRANDS INC 988498101 1100.00000000 NS USD 140888.00000000 0.606752857582 Long EC CORP US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES MSCI USA 46429B697 19500.00000000 NS USD 1405950.00000000 6.054910142224 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 INDUSTRIAL SELECT SECT SP 81369Y704 2400.00000000 NS USD 235704.00000000 1.015090536763 Long EC RF US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 MICROSOFT CORP 594918104 3400.00000000 NS USD 815388.00000000 3.511576564634 Long EC CORP US N 1 N N N Invesco Exchange Traded Fd Tr QPT4TMG79RF3UWNU0R52 INVESCO S&P 500 EQUAL WEI 46137V373 4600.00000000 NS USD 784346.00000000 3.377890074620 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT SHRT TRM CORP B 78464A474 37500.00000000 NS USD 1101750.00000000 4.744832497027 Long EC RF US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 SCHWAB (CHARLES) 808513105 1600.00000000 NS USD 133216.00000000 0.573712372066 Long EC CORP US N 1 N N N Invesco Exchange Traded Fund Trust II O540V2L4S174Y60FMD36 INVESCO S&P 500 LOW VOLAT 46138E354 9000.00000000 NS USD 575100.00000000 2.476744423907 Long EC RF US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD TOTAL STOCK MKT 922908769 900.00000000 NS USD 172071.00000000 0.741046582796 Long EC RF US N 1 N N N Mondelez International, Inc. 549300DV9GIB88LZ5P30 MONDELEZ INTER-A 609207105 2100.00000000 NS USD 139965.00000000 0.602777835667 Long EC CORP US N 1 N N N Pepsico Inc FJSUNZKFNQ5YPJ5OT455 PEPSICO INC 713448108 3100.00000000 NS USD 560046.00000000 2.411912376337 Long EC CORP US N 1 N N N UnitedHealth Group Inc. 549300GHBMY8T5GXDE41 UNITEDHEALTH GRP 91324P102 700.00000000 NS USD 371126.00000000 1.598303340405 Long EC CORP US N 1 N N N Vanguard Whitehall Funds 5493006QD7VQBS2FQD13 VANGUARD HIGH DVD YIELD E 921946406 3700.00000000 NS USD 400377.00000000 1.724276651384 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES CYBER-TC 46435U135 16000.00000000 NS USD 528320.00000000 2.275280149607 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS23 46435U150 61000.00000000 NS USD 1431670.00000000 6.165676733396 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES FLOATING RATE BON 46429B655 17800.00000000 NS USD 895874.00000000 3.858200198268 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 MATERIALS SELECT SECTOR S 81369Y100 3800.00000000 NS USD 295184.00000000 1.271249045430 Long EC RF US N 1 N N N Ishares Trust 5493002YECWEEITPWL97 BLACKROCK ULTRA 46434V878 20000.00000000 NS USD 1000800.00000000 4.310077933310 Long EC RF US N 1 N N N Spdr Gold Trust N/A SPDR GOLD SHARES 78463V107 4000.00000000 NS USD 678560.00000000 2.922308635518 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 TECHNOLOGY SELECT SECT SP 81369Y803 2100.00000000 NS USD 261324.00000000 1.125426464672 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS D 46434VAX8 24000.00000000 NS USD 600720.00000000 2.587080351816 Long EC RF US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD HEALTH CARE ETF 92204A504 2600.00000000 NS USD 644930.00000000 2.777476580265 Long EC RF US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 VISA INC-CLASS A 92826C839 600.00000000 NS USD 124656.00000000 0.536847596777 Long EC CORP US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 HEALTH CARE SELECT SECTOR 81369Y209 2600.00000000 NS USD 353210.00000000 1.521145710256 Long EC RF US N 1 N N N 2023-01-27 NORTHERN LIGHTS FUND TRUST III Brian Curley Brian Curley Treasurer XXXX NPORT-EX 2 absolute_nport.htm ABSOLUTE PART F

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 17.5%      
    ASSET MANAGEMENT - 0.6%      
2,100   Charles Schwab Corporation (The)       $ 174,846
             
 
    BEVERAGES - 2.7%      
900   Constellation Brands, Inc., Class A         208,575
3,300   PepsiCo, Inc.         596,178
             

804,753

    COMMERCIAL SUPPORT SERVICES - 1.2%      
800   Cintas Corporation         361,296
             
 
    FOOD - 1.2%      
1,800   McCormick & Company, Inc.         149,202
3,100   Mondelez International, Inc., Class A         206,615
             

355,817

    HEALTH CARE FACILITIES & SERVICES - 1.6%      
900   UnitedHealth Group, Inc.         477,162
             
 
    INTERNET MEDIA & SERVICES - 0.9%      
3,000   Alphabet, Inc., Class C(a)         266,190
             
 
    LEISURE FACILITIES & SERVICES - 2.2%      
1,200   McDonald's Corporation         316,236
3,300   Yum China Holdings, Inc.         180,345
1,400   Yum! Brands, Inc.         179,312
             

675,893

    SOFTWARE - 6.3%      
6,200   Microsoft Corporation         1,486,884
2,800   Oracle Corporation         228,872
1,300   Palo Alto Networks, Inc.(a)         181,402
             

1,897,158

             
 
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 17.5% (Continued)      
    TECHNOLOGY SERVICES - 0.8%      
1,100   Visa, Inc., Class A       $  228,536
               
    TOTAL COMMON STOCKS (Cost $5,651,066)    

5,241,651

               
    EXCHANGE-TRADED FUNDS — 74.6%      
    COMMODITY - 2.4%      
4,300   SPDR Gold Shares(a)         729,452
             
 
    EQUITY - 55.9%      
6,300   Financial Select Sector SPDR Fund         215,460
5,300   Health Care Select Sector SPDR Fund         720,005
9,200   Industrial Select Sector SPDR Fund         903,532
6,500   Invesco S&P 500 Equal Weight Consumer Staples ETF         1,108,315
15,000   Invesco S&P 500 Low Volatility ETF         958,500
22,300   Invesco S&P 500 Revenue ETF         1,648,862
45,100   iShares Cybersecurity and Tech ETF         1,489,202
27,200   iShares MSCI USA Minimum Volatility Factor ETF         1,961,120
12,200   iShares US Infrastructure ETF         442,372
6,500   Materials Select Sector SPDR Fund         504,920
6,000   Technology Select Sector SPDR Fund         746,640
7,100   Vanguard Health Care ETF         1,761,155
9,400   Vanguard High Dividend Yield ETF         1,017,174
1,000   Vanguard Information Technology ETF         319,410
2,600   Vanguard S&P 500 ETF         913,484
3,600   Vanguard Total Stock Market ETF         688,284
14,100   Vanguard US Multifactor ETF         1,393,559
             

16,791,994

    FIXED INCOME - 16.3%      
22,000   BlackRock Ultra Short-Term Bond ETF         1,100,880
13,000   iShares Floating Rate Bond ETF         654,290
77,500   iShares iBonds 2023 Term High Yield and Income ETF         1,818,925
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 74.6% (Continued)      
    FIXED INCOME - 16.3% (Continued)      
11,600   iShares iBonds December 2023 Term Corporate ETF       $  290,348
35,000   SPDR Portfolio Short Term Corporate Bond ETF         1,028,300
             

4,892,743

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $22,972,607)    

22,414,189

               
    SHORT-TERM INVESTMENT — 8.0%      
    MONEY MARKET FUND - 8.0%      
2,401,364   First American Government Obligations Fund, Class X, 4.10% (Cost $2,401,364)(b)         2,401,364
             
 
    TOTAL INVESTMENTS - 100.1% (Cost $31,025,037)     $ 30,057,204
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(37,560)

    NET ASSETS - 100.0%        

$ 30,019,644

           
                 

 

ETF  - Exchange-Traded Fund
MSCI  - Morgan Stanley Capital International
SPDR  - Standard & Poor's Depositary Receipt
   
 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2022.

 

 

 

 

 
 

 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 14.2%      
    ASSET MANAGEMENT - 0.6%      
1,600   Charles Schwab Corporation (The)       $ 133,216
             
 
    BEVERAGES - 3.0%      
600   Constellation Brands, Inc., Class A         139,050
3,100   PepsiCo, Inc.         560,046
             

699,096

    COMMERCIAL SUPPORT SERVICES - 0.6%      
300   Cintas Corporation         135,486
             
 
    FOOD - 1.1%      
1,300   McCormick & Company, Inc.         107,757
2,100   Mondelez International, Inc., Class A         139,965
             

247,722

    HEALTH CARE FACILITIES & SERVICES - 1.6%      
700   UnitedHealth Group, Inc.         371,126
             
 
    LEISURE FACILITIES & SERVICES - 2.3%      
1,000   McDonald's Corporation         263,530
2,500   Yum China Holdings, Inc.         136,625
1,100   Yum! Brands, Inc.         140,888
             

541,043

    SOFTWARE - 4.5%      
3,400   Microsoft Corporation         815,388
1,600   Oracle Corporation         130,784
700   Palo Alto Networks, Inc.(a)         97,678
             

1,043,850

    TECHNOLOGY SERVICES - 0.5%      
600   Visa, Inc., Class A         124,656
             
 
    TOTAL COMMON STOCKS (Cost $3,455,034)    

  3,296,195

               
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 61.8%      
    COMMODITY - 2.9%      
4,000   SPDR Gold Shares(a)       $ 678,560
             
 
    EQUITY - 37.2%      
2,600   Health Care Select Sector SPDR Fund         353,210
2,400   Industrial Select Sector SPDR Fund         235,704
4,600   Invesco S&P 500 Equal Weight Consumer Staples ETF         784,346
9,000   Invesco S&P 500 Low Volatility ETF         575,100
15,500   Invesco S&P 500 Revenue ETF         1,146,070
16,000   iShares Cybersecurity and Tech ETF         528,320
19,500   iShares MSCI USA Minimum Volatility Factor ETF         1,405,950
11,200   iShares US Infrastructure ETF         406,112
3,800   Materials Select Sector SPDR Fund         295,184
2,100   Technology Select Sector SPDR Fund         261,324
2,600   Vanguard Health Care ETF         644,930
3,700   Vanguard High Dividend Yield ETF         400,377
800   Vanguard Information Technology ETF         255,528
1,100   Vanguard S&P 500 ETF         386,474
900   Vanguard Total Stock Market ETF         172,071
8,000   Vanguard US Multifactor ETF         790,672
             

8,641,372

    FIXED INCOME - 21.7%      
20,000   BlackRock Ultra Short-Term Bond ETF         1,000,800
17,800   iShares Floating Rate Bond ETF         895,874
61,000   iShares iBonds 2023 Term High Yield and Income ETF         1,431,670
24,000   iShares iBonds December 2023 Term Corporate ETF         600,720
37,500   SPDR Portfolio Short Term Corporate Bond ETF         1,101,750
             

5,030,814

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $14,514,581)    

  14,350,746

               
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    SHORT-TERM INVESTMENT — 24.0%      
    MONEY MARKET FUND - 24.0%      
5,577,576   First American Government Obligations Fundm Class X, 4.10% (Cost $5,577,576)(b)       $ 5,577,576
             
 
    TOTAL INVESTMENTS - 100.0% (Cost $23,547,191)     $ 23,224,517
    LIABILITIES IN EXCESS OF OTHER ASSETS – (0.0)%(c)    

(4,519)

    NET ASSETS - 100.0%        

$ 23,219,998

           
                 

 

ETF  - Exchange-Traded Fund
MSCI  - Morgan Stanley Capital International
SPDR  - Standard & Poor's Depositary Receipt
   
 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2022.
(c) Represents less than 0.05%.