<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001537140</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000048332</seriesId>
        <classId>C000152642</classId>
        <classId>C000152645</classId>
        <classId>C000152644</classId>
        <classId>C000152643</classId>
        <classId>C000152646</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>NORTHERN LIGHTS FUND TRUST III</regName>
      <regFileNumber>811-22655</regFileNumber>
      <regCik>0001537140</regCik>
      <regLei>549300PPUECJSQFBYV98</regLei>
      <regStreet1>225 PICTORIA DRIVE</regStreet1>
      <regStreet2>SUITE 450</regStreet2>
      <regCity>CINCINNATI</regCity>
      <regStateConditional regCountry="US" regState="US-OH"/>
      <regZipOrPostalCode>45246</regZipOrPostalCode>
      <regPhone>631-470-2600</regPhone>
      <seriesName>HCM Dividend Sector Plus Fund</seriesName>
      <seriesId>S000048332</seriesId>
      <seriesLei>549300QYTEJYTXYJCL20</seriesLei>
      <repPdEnd>2020-06-30</repPdEnd>
      <repPdDate>2020-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>400586320.70</totAssets>
      <totLiabs>605269.56</totLiabs>
      <netAssets>399981051.14</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000152645" rtn1="6.34000000" rtn2="6.24000000" rtn3="3.20000000"/>
          <monthlyTotReturn classId="C000152646" rtn1="6.24000000" rtn2="6.34000000" rtn3="3.11000000"/>
          <monthlyTotReturn classId="C000152642" rtn1="6.24000000" rtn2="6.34000000" rtn3="3.11000000"/>
          <monthlyTotReturn classId="C000152643" rtn1="6.29000000" rtn2="6.19000000" rtn3="3.17000000"/>
          <monthlyTotReturn classId="C000152644" rtn1="6.24000000" rtn2="6.16000000" rtn3="3.08000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-4994599.18000000" netUnrealizedAppr="26555861.80000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="22815748.86000000"/>
        <othMon3 netRealizedGain="0.00000000" netUnrealizedAppr="10921790.01000000"/>
      </returnInfo>
      <mon1Flow redemption="-4750292.85000000" reinvestment="0.00000000" sales="9999930.49000000"/>
      <mon2Flow redemption="-6949599.35000000" reinvestment="0.00000000" sales="7433823.44000000"/>
      <mon3Flow redemption="-7861915.75000000" reinvestment="0.00000000" sales="14426706.68000000"/>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Vanguard Spec Port</name>
        <lei>549300OM0CLBHZ9MZW59</lei>
        <title>VANGUARD DIVIDEND APPREC</title>
        <cusip>921908844</cusip>
        <identifiers>
          <isin value="US9219088443"/>
        </identifiers>
        <balance>551197.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64589264.46000000</valUSD>
        <pctVal>16.14808108431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blackrock Liquidit</name>
        <lei>5493007YVNX55LTRQ706</lei>
        <title>BLKR-LIQ FED-DLR</title>
        <cusip>09248U809</cusip>
        <identifiers>
          <isin value="US09248U8099"/>
        </identifiers>
        <balance>4806878.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4806878.55000000</valUSD>
        <pctVal>1.201776568239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wisdomtree Trust</name>
        <lei>549300SEVJBU47TE8855</lei>
        <title>WISDOMTREE US LARGECAP DI</title>
        <cusip>97717W307</cusip>
        <identifiers>
          <isin value="US97717W3079"/>
        </identifiers>
        <balance>689063.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64000171.44000000</valUSD>
        <pctVal>16.00080085233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proshares Trust</name>
        <lei>5493005D9DS7C1P5AM59</lei>
        <title>PROSHARES ULTRA S&amp;P500</title>
        <cusip>74347R107</cusip>
        <identifiers>
          <isin value="US74347R1077"/>
        </identifiers>
        <balance>684159.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85574607.72000000</valUSD>
        <pctVal>21.39466544130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proshares Trust</name>
        <lei>5493005D9DS7C1P5AM59</lei>
        <title>PROSHARES ULTRA QQQ</title>
        <cusip>74347R206</cusip>
        <identifiers>
          <isin value="US74347R2067"/>
        </identifiers>
        <balance>657202.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97062163.38000000</valUSD>
        <pctVal>24.26669041029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES SELECT DIVIDEND E</title>
        <cusip>464287168</cusip>
        <identifiers>
          <isin value="US4642871689"/>
        </identifiers>
        <balance>401836.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32436201.92000000</valUSD>
        <pctVal>8.109434641354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Whitehall</name>
        <lei>5493006QD7VQBS2FQD13</lei>
        <title>VANGUARD HIGH DVD YIELD E</title>
        <cusip>921946406</cusip>
        <identifiers>
          <isin value="US9219464065"/>
        </identifiers>
        <balance>656640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51730099.20000000</valUSD>
        <pctVal>12.93313747052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>NORTHERN LIGHTS FUND TRUST III</ncom:nameOfApplicant>
      <ncom:signature>Brian Curley</ncom:signature>
      <ncom:signerName>Brian Curley</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
