NPORT-P false 0000893818 XXXXXXXX S000066172 C000213844 C000213846 C000213845 C000213843 C000213847 BlackRock Funds III 811-07332 0000893818 5493008LW2651I1QB503 100 Bellevue Parkway Wilmington 19809 800-441-7762 BlackRock LifePath Dynamic 2065 Fund S000066172 549300E56ZI4WKXURA60 2025-12-31 2025-09-30 N 89906698.18 18522881.64 71383816.54 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 617501.36000000 N LifePath Dynamic Custom Benchmark - 2065 N/A Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 15.00000000 NC USD 10505.60000000 0.014717061246 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini Russell 2000 Index Futures RTYZ5 Index 2025-12-19 1831119.40000000 USD 10505.60000000 N N N iShares Broad USD Investment Grade Corporate Bond ETF 5493004QFMCNV0WLX398 464288620 9042.00000000 NS USD 472173.24000000 0.661456984070 Long EC RF US N 1 N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -2929.75000000 -0.00410422157 N/A DFE XX N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1344484.19000000 USD 1137683.00000000 EUR 2025-12-17 -2929.75000000 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC -9349.89000000 -0.01309805282 N/A DFE CA N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 1326242.18000000 USD 1826151.00000000 CAD 2025-12-17 -9349.89000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 4.00000000 NC USD 17981.52000000 0.025189911203 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini S&P 500 Index Futures ESZ5 Index 2025-12-19 1329768.48000000 USD 17981.52000000 N N N BlackRock Tactical Opportunities Fund 6FFMMI3AGWZH5SDXSF05 09258N570 207153.05000000 NS USD 3318591.81000000 4.648941413969 Long EC RF US N 1 N N N BlackRock Diversified Fixed Income Fund 549300SEQK2DPV0R7O94 09260W584 65438.64000000 NS USD 625593.35000000 0.876379801925 Long EC RF US N 1 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 150.00000000 NC USD 64159.29000000 0.089879321546 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long Micro E-mini S&P 500 Futures HWAZ5 Index 2025-12-19 4989903.21000000 USD 64159.29000000 N N N iShares MSCI EAFE Small-Cap ETF 549300MJV5OZGVS4LX86 464288273 19009.00000000 NS USD 1458370.48000000 2.042998750540 Long EC RF US N 1 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC -215.04000000 -0.00030124475 N/A DFE CA N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 30502.50000000 USD 42000.00000000 CAD 2025-12-17 -215.04000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC 20.60000000 0.000028858081 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 8000.00000000 EUR 9454.19000000 USD 2025-12-17 20.60000000 N N N BlackRock Funds III 5493008LW2651I1QB503 066922519 9208111.75000000 NS USD 9212715.81000000 12.90588855645 Long STIV RF US N 1 N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 296.95000000 0.000415990646 N/A DFE XX N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 1341257.49000000 USD 1137683.00000000 EUR 2025-12-17 296.95000000 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC 1289.24000000 0.001806067624 N/A DFE US N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 120000.00000000 EUR 142793.10000000 USD 2025-12-17 1289.24000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC N/A -5656.19000000 -0.00792363069 N/A DFE JP N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 2257205.98000000 EUR 389792386.00000000 JPY 2025-12-17 -5656.19000000 N N N BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES 5493008LW2651I1QB503 066922477 4455858.90000000 NS USD 4455858.90000000 6.242113571362 Long STIV RF US N 1 N N N iShares iBoxx $ Investment Grade Corporate Bond ETF 549300FYCXFXG8POR355 464287242 5.00000000 NS USD 557.35000000 0.000780779211 Long EC RF US N 1 N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC N/A -156.42000000 -0.00021912529 N/A DFE JP N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 101475.71000000 EUR 17538000.00000000 JPY 2025-12-17 -156.42000000 N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 10.00000000 NC USD 8163.50000000 0.011436065477 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. MSCI Emerging Markets Index Futures MESZ5 Index 2025-12-19 671686.50000000 USD 8163.50000000 N N N iShares Russell 2000 ETF 549300O80OAR5VTWR172 464287655 3273.00000000 NS USD 791935.08000000 1.109404229677 Long EC RF US N 1 N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 8.00000000 NC USD 4313.04000000 0.006042041752 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. mini MSCI EAFE Index Futures MFSZ5 Index 2025-12-19 1109806.96000000 USD 4313.04000000 N N N MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio 5493004HUP3600ZFJ783 000000000 444911.71000000 NS USD 10117559.12000000 14.17346341285 Long EC RF US N N/A N N N BlackRock Real Estate Securities Fund 549300619RPPBQL8JR35 091936583 27169.45000000 NS USD 414877.56000000 0.581192741029 Long EC RF US N 1 N N N iShares Core MSCI International Developed Markets ETF 549300LRJOM3FVVFKB50 46435G326 64069.00000000 NS USD 5136411.73000000 7.195484885739 Long EC RF US N 1 N N iShares Core MSCI Emerging Markets ETF 5493007C24Z3ZDJ0VD06 46434G103 115495.00000000 NS USD 7613430.40000000 10.66548521643 Long EC RF US N 1 N N DIVERSIFIED EQUITY MASTER N/A 999113103 412830.78000000 NS USD 34823225.38000000 48.78308147125 Long EC RF US N N/A N N N iShares MSCI Canada ETF 549300DXCD53F4JK3H45 464286509 29879.00000000 NS USD 1510383.45000000 2.115862562705 Long EC RF US N 1 N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC -477.84000000 -0.00066939542 N/A DFE XX N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 139623.30000000 USD 118000.00000000 EUR 2025-12-17 -477.84000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -4.00000000 NC USD -51950.15000000 -0.07277580902 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-mini NASDAQ 100 Index Futures NQZ5 Index 2025-12-19 -1940189.85000000 USD -51950.15000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -1075.33000000 -0.00150640586 N/A DFE JP N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 120578.95000000 USD 17538000.00000000 JPY 2025-12-17 -1075.33000000 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 7.00000000 NC 8909.29000000 0.012480826091 N/A DE JP N 2 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX Futures TPZ5 Index 2025-12-11 218196480.00000000 JPY 8909.29000000 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC 6681.94000000 0.009360581044 N/A DFE AU N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 1343716.22000000 USD 2038964.00000000 AUD 2025-12-17 6681.94000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -10357.27000000 -0.01450926905 N/A DFE JP N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 2666396.65000000 USD 389792527.00000000 JPY 2025-12-17 -10357.27000000 N N N 2025-10-29 BlackRock Funds III Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX