<?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>S000055429</seriesId>
        <classId>C000213465</classId>
        <classId>C000174412</classId>
        <classId>C000174413</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 Income Plus Fund</seriesName>
      <seriesId>S000055429</seriesId>
      <seriesLei>549300QP7W4NFIHVBZ35</seriesLei>
      <repPdEnd>2020-06-30</repPdEnd>
      <repPdDate>2020-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>204227354.10</totAssets>
      <totLiabs>270400.25</totLiabs>
      <netAssets>203956953.85</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="C000213465" rtn1="7.67000000" rtn2="5.50000000" rtn3="5.13000000"/>
          <monthlyTotReturn classId="C000174412" rtn1="7.67000000" rtn2="5.50000000" rtn3="5.13000000"/>
          <monthlyTotReturn classId="C000174413" rtn1="7.54000000" rtn2="5.46000000" rtn3="5.01000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-186357.89000000" netUnrealizedAppr="12786465.10000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="9710879.40000000"/>
        <othMon3 netRealizedGain="0.00000000" netUnrealizedAppr="9571317.58000000"/>
      </returnInfo>
      <mon1Flow redemption="-2189388.06000000" reinvestment="0.00000000" sales="4782364.79000000"/>
      <mon2Flow redemption="-3766073.72000000" reinvestment="0.00000000" sales="4517109.31000000"/>
      <mon3Flow redemption="-3287722.73000000" reinvestment="0.00000000" sales="12185078.05000000"/>
    </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>303943.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49697719.93000000</valUSD>
        <pctVal>24.36676906174</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>Spdr Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR BBG BARC CONVERTIBLE</title>
        <cusip>78464A359</cusip>
        <identifiers>
          <isin value="US78464A3591"/>
        </identifiers>
        <balance>532167.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32196103.50000000</valUSD>
        <pctVal>15.78573463284</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 CORE TOTAL BOND E</title>
        <cusip>46434V613</cusip>
        <identifiers>
          <isin value="US46434V6130"/>
        </identifiers>
        <balance>634076.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34449349.08000000</valUSD>
        <pctVal>16.89049989702</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 CONVERTIBLE BOND</title>
        <cusip>46435G102</cusip>
        <identifiers>
          <isin value="US46435G1022"/>
        </identifiers>
        <balance>437068.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31014345.28000000</valUSD>
        <pctVal>15.20631912497</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>203275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50330890.00000000</valUSD>
        <pctVal>24.67721205378</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>6416184.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6416184.10000000</valUSD>
        <pctVal>3.145852092260</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>
    </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>
