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    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

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


      <seriesClassInfo>
        <seriesId>S000045942</seriesId>
        <classId>C000143210</classId>
        <classId>C000143209</classId>
        <classId>C000143208</classId>
        <classId>C000143207</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
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    <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 Tactical Growth Fund</seriesName>
      <seriesId>S000045942</seriesId>
      <seriesLei>549300LA1LOGG3IG6P44</seriesLei>
      <repPdEnd>2020-06-30</repPdEnd>
      <repPdDate>2020-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>278911140.79</totAssets>
      <totLiabs>469716.47</totLiabs>
      <netAssets>278441424.32</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="C000143208" rtn1="9.82000000" rtn2="8.58000000" rtn3="6.08000000"/>
          <monthlyTotReturn classId="C000143210" rtn1="9.94000000" rtn2="8.62000000" rtn3="6.18000000"/>
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          <monthlyTotReturn classId="C000143209" rtn1="9.94000000" rtn2="8.62000000" rtn3="6.18000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="207242.89000000" netUnrealizedAppr="20859801.42000000"/>
        <othMon2 netRealizedGain="856982.27000000" netUnrealizedAppr="19469333.94000000"/>
        <othMon3 netRealizedGain="0.00000000" netUnrealizedAppr="16036367.60000000"/>
      </returnInfo>
      <mon1Flow redemption="-2966929.44000000" reinvestment="0.00000000" sales="9577321.40000000"/>
      <mon2Flow redemption="-3685510.00000000" reinvestment="0.00000000" sales="6699968.72000000"/>
      <mon3Flow redemption="-4801604.24000000" reinvestment="0.00000000" sales="12855114.84000000"/>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Vanguard World Fd</name>
        <lei>549300MP6BT0L4Q61L10</lei>
        <title>VANGUARD MEGA CAP GROWTH</title>
        <cusip>921910816</cusip>
        <identifiers>
          <isin value="US9219108167"/>
        </identifiers>
        <balance>286938.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46917232.38000000</valUSD>
        <pctVal>16.84994698421</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 U.S. CONSUMER SER</title>
        <cusip>464287580</cusip>
        <identifiers>
          <isin value="US4642875805"/>
        </identifiers>
        <balance>123125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26966837.50000000</valUSD>
        <pctVal>9.684922983660</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>466813.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58388970.04000000</valUSD>
        <pctVal>20.96992937835</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"/>
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        <balance>441579.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65216802.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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>8381048.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8381048.11000000</valUSD>
        <pctVal>3.009986078927</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>Proshares Trust</name>
        <lei>5493005D9DS7C1P5AM59</lei>
        <title>PROSHARES ULTRA TECHNOLOG</title>
        <cusip>74347R693</cusip>
        <identifiers>
          <isin value="US74347R6936"/>
        </identifiers>
        <balance>101250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18890212.50000000</valUSD>
        <pctVal>6.784268018357</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>Powershares QQQ Trust</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>INVESCO QQQ TRUST SERIES</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <isin value="US46090E1038"/>
        </identifiers>
        <balance>217942.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53962439.20000000</valUSD>
        <pctVal>19.38017639860</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>
