<?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>S000046898</seriesId>
        <classId>C000146569</classId>
        <classId>C000146567</classId>
        <classId>C000146568</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>Counterpoint Tactical Income Fund</seriesName>
      <seriesId>S000046898</seriesId>
      <seriesLei>549300FOLD17KHRVDB10</seriesLei>
      <repPdEnd>2021-09-30</repPdEnd>
      <repPdDate>2020-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>572825990.82</totAssets>
      <totLiabs>851327.51</totLiabs>
      <netAssets>571974663.31</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="C000146569" rtn1="0.29000000" rtn2="3.72000000" rtn3="1.66000000"/>
          <monthlyTotReturn classId="C000146567" rtn1="0.27000000" rtn2="3.79000000" rtn3="1.57000000"/>
          <monthlyTotReturn classId="C000146568" rtn1="0.22000000" rtn2="3.66000000" rtn3="1.58000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <creditContracts>
            <mon1 netRealizedGain="60136.36000000" netUnrealizedAppr="-84468.49000000"/>
            <mon2 netRealizedGain="-743.90000000" netUnrealizedAppr="829998.39000000"/>
            <mon3 netRealizedGain="-779.16000000" netUnrealizedAppr="62681.51000000"/>
            <swapCategory>
              <instrMon1 netRealizedGain="60136.36000000" netUnrealizedAppr="-84468.49000000"/>
              <instrMon2 netRealizedGain="-743.90000000" netUnrealizedAppr="829998.39000000"/>
              <instrMon3 netRealizedGain="-779.16000000" netUnrealizedAppr="62681.51000000"/>
            </swapCategory>
          </creditContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-20310.35000000" netUnrealizedAppr="-163403.94000000"/>
        <othMon2 netRealizedGain="242806.85000000" netUnrealizedAppr="16781506.93000000"/>
        <othMon3 netRealizedGain="365394.26000000" netUnrealizedAppr="6357269.02000000"/>
      </returnInfo>
      <mon1Flow redemption="-12256704.50000000" reinvestment="1302293.98000000" sales="19755806.50000000"/>
      <mon2Flow redemption="-16811714.19000000" reinvestment="1256617.84000000" sales="31144397.38000000"/>
      <mon3Flow redemption="-11878908.48000000" reinvestment="0.00000000" sales="28960476.08000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Blackrock Funds V</name>
        <lei>N/A</lei>
        <title>BLKR-H/Y BND-INS</title>
        <cusip>09260B630</cusip>
        <identifiers>
          <isin value="US09260B6305"/>
        </identifiers>
        <balance>31424581.00600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>244797486.04000000</valUSD>
        <pctVal>42.79865905656</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 TRS-INS</title>
        <cusip>09248U551</cusip>
        <identifiers>
          <isin value="US09248U5517"/>
        </identifiers>
        <balance>10164176.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10164176.83000000</valUSD>
        <pctVal>1.777032704767</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>Tiaa Cref Mutual Funds</name>
        <lei>N/A</lei>
        <title>TIAA CREF HIGH YIELD-INST</title>
        <cusip>886315795</cusip>
        <identifiers>
          <isin value="US8863157959"/>
        </identifiers>
        <balance>11267471.01600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>108055047.04000000</valUSD>
        <pctVal>18.89157929036</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 BROAD USD HIGH YI</title>
        <cusip>46435U853</cusip>
        <identifiers>
          <isin value="US46435U8532"/>
        </identifiers>
        <balance>1714442.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70737876.92000000</valUSD>
        <pctVal>12.36730950819</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>Prudential Investment Portfolios Inc. 15</name>
        <lei>5493004GW6X6EIMPJD18</lei>
        <title>PGIM-HI YLD-Z</title>
        <cusip>74440Y801</cusip>
        <identifiers>
          <isin value="US74440Y8012"/>
        </identifiers>
        <balance>13408617.49400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74015568.57000000</valUSD>
        <pctVal>12.94035790705</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>Transamerica Funds</name>
        <lei>54930088ZHZE1VMYEY52</lei>
        <title>TRANSAMERICA HI YLD BND-I</title>
        <cusip>893962159</cusip>
        <identifiers>
          <isin value="US8939621590"/>
        </identifiers>
        <balance>6125237.19100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55800910.81000000</valUSD>
        <pctVal>9.755836121670</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>CDX.NA.HY Series 35</name>
        <lei>N/A</lei>
        <title>CDXHY35 12/20/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CDXHYS35             00001"/>
        </identifiers>
        <balance>-15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1398645.00000000</valUSD>
        <pctVal>0.244529188042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>WELLS FARGO</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>CDX.NA.HY Series 35</indexName>
                <indexIdentifier>CDX.NA.HY Series 35</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="22916.67000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.00000000"/>
            <otherPmntDesc fixedOrFloating="Other">N/A</otherPmntDesc>
            <terminationDt>2025-12-20</terminationDt>
            <upfrontPmnt>586127.36000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-15000000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>812517.64000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <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>2021-01-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
