NPORT-P false 0000893818 XXXXXXXX S000029260 C000089952 C000089953 C000089954 C000089955 C000089956 BlackRock Funds III 811-07332 0000893818 5493008LW2651I1QB503 100 Bellevue Parkway Wilmington 19809 800-441-7762 BlackRock LifePath Dynamic 2035 Fund S000029260 549300R36FRMZP4CDY53 2026-12-31 2026-03-31 N 435983827.74 14387147.46 421596680.28 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 3774207.22000000 N LifePath Dynamic Custom Benchmark - 2035 N/A BlackRock Real Estate Securities Fund 549300619RPPBQL8JR35 091936583 556812.12000000 NS USD 8563770.47000000 2.031270849740 Long EC RF US N 1 N N N BlackRock Tactical Opportunities Fund 6FFMMI3AGWZH5SDXSF05 09258N570 1412189.91000000 NS USD 23159914.49000000 5.493381606946 Long EC RF US N 1 N N N BlackRock Diversified Fixed Income Fund 549300SEQK2DPV0R7O94 09260W584 9618149.13000000 NS USD 90025875.82000000 21.35355424530 Long EC RF US N 1 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 35331.81000000 0.008380476330 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 412188000.00000000 JPY 2649102.64000000 USD 2026-06-17 35331.81000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC -465065.15000000 -0.11031043927 N/A DFE JP N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 34996360.61000000 USD 5445536950.00000000 JPY 2026-06-17 -465065.15000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -307925.24000000 -0.07303787112 N/A DFE AU N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 12984521.14000000 USD 18393627.00000000 AUD 2026-06-17 -307925.24000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -112987.45000000 -0.02679989081 N/A DFE CA N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 6001336.83000000 USD 8164098.59000000 CAD 2026-06-17 -112987.45000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC -170012.91000000 -0.04032596031 N/A DFE CA N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 9030248.90000000 USD 12284570.00000000 CAD 2026-06-17 -170012.91000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC 95.25000000 0.000022592682 N/A DFE US N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 10000.00000000 EUR 11693.92000000 USD 2026-06-17 95.25000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC 64675.41000000 0.015340588060 N/A DFE US N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 6083510.00000000 AUD 4257333.98000000 USD 2026-06-17 64675.41000000 N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC 80404.69000000 0.019071471328 N/A DFE US N 2 Bank of America NA B4TYDEB6GKMZO031MB27 5936613.00000000 AUD 4171824.18000000 USD 2026-06-17 80404.69000000 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC -1840.03000000 -0.00043644318 N/A DFE US N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 167693000.00000000 JPY 1061536.56000000 USD 2026-06-17 -1840.03000000 N N N Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 000000000 1.00000000 NC 10927.09000000 0.002591834924 N/A DFE US N 2 Morgan Stanley & Co. International PLC 4PQUHN3JPFGFNF3BB653 988000.00000000 CAD 723521.28000000 USD 2026-06-17 10927.09000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 000000000 1.00000000 NC -233.09000000 -0.00005528743 N/A DFE JP N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 697493.56000000 USD 109957000.00000000 JPY 2026-06-17 -233.09000000 N N N iShares MSCI Canada ETF 549300DXCD53F4JK3H45 464286509 30273.00000000 NS USD 1658657.67000000 0.393422848799 Long EC RF US N 1 N N iShares Russell 2000 ETF 549300O80OAR5VTWR172 464287655 1828.00000000 NS USD 453344.00000000 0.107530258468 Long EC RF US N 1 N N iShares MSCI EAFE Small-Cap ETF 549300MJV5OZGVS4LX86 464288273 113267.00000000 NS USD 8881265.47000000 2.106578605908 Long EC RF US N 1 N N iShares Global Infrastructure ETF 549300ZC2N3HUK3DTK30 464288372 125268.00000000 NS USD 8392956.00000000 1.990754764583 Long EC RF US N 1 N N N iShares Broad USD Investment Grade Corporate Bond ETF 5493004QFMCNV0WLX398 464288620 406282.00000000 NS USD 20813826.86000000 4.936904827186 Long EC RF US N 1 N N N iShares 0-5 Year TIPS Bond ETF 549300GIWSEGOQLZR212 46429B747 29568.00000000 NS USD 3058218.24000000 0.725389544805 Long EC RF US N 1 N N N iShares Core MSCI Emerging Markets ETF 5493007C24Z3ZDJ0VD06 46434G103 367464.00000000 NS USD 25630614.00000000 6.079415516976 Long EC RF US N 1 N N N BlackRock Funds III 5493008LW2651I1QB503 066922519 6563672.14000000 NS USD 6564984.88000000 1.557171862842 Long STIV RF US N 1 N N BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES 5493008LW2651I1QB503 066922477 26447095.54000000 NS USD 26447095.54000000 6.273079646271 Long STIV RF US N 1 N N N DIVERSIFIED EQUITY MASTER N/A 999113103 1811368.29000000 NS USD 150985154.55000000 35.81270005487 Long EC RF US N N/A N N N MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio 5493004HUP3600ZFJ783 000000000 2088602.56000000 NS USD 49816930.61000000 11.81625305420 Long EC RF US N N/A N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 17.00000000 NC USD -138563.14000000 -0.03286627871 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini S&P 500 Index Futures ESM6 Index 2026-06-18 5723700.64000000 USD -138563.14000000 N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 20.00000000 NC USD -11567.40000000 -0.00274371230 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. MSCI Emerging Markets Index Futures MESM6 Index 2026-06-19 1466167.40000000 USD -11567.40000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -2.00000000 NC 4618.73000000 0.001095532819 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Eurex EURO STOXX 50 Futures VGM6 Index 2026-06-19 -113895.96000000 EUR 4618.73000000 N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 -2.00000000 NC USD -6572.64000000 -0.00155898760 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Short ICE U.S. mini MSCI EAFE Index Futures MFSM6 Index 2026-06-19 -283537.36000000 USD -6572.64000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -26.00000000 NC USD 444690.91000000 0.105477801605 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-mini NASDAQ 100 Index Futures NQM6 Index 2026-06-18 -12880490.91000000 USD 444690.91000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 31.00000000 NC USD 8298.43000000 0.001968333810 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini Russell 2000 Index Futures RTYM6 Index 2026-06-18 3885611.57000000 USD 8298.43000000 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 16.00000000 NC 72128.14000000 0.017108327312 N/A DE JP N 2 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX Futures TPM6 Index 2026-06-11 567008473.00000000 JPY 72128.14000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 71.00000000 NC USD -275324.58000000 -0.06530520587 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT U.S. Long Bond Futures USM6 Comdty 2026-06-18 8342699.58000000 USD -275324.58000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -175.00000000 NC USD 701710.50000000 0.166441182490 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT Ultra Long-Term U.S. Treasury Bond Futures WNM6 Comdty 2026-06-18 -21056398.00000000 USD 701710.50000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 49.00000000 NC USD -114160.93000000 -0.02707823266 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 10 Year U.S. Treasury Notes TYM6 Comdty 2026-06-18 5552395.31000000 USD -114160.93000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 156.00000000 NC USD -241030.07000000 -0.05717077037 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 5 Year U.S. Treasury Notes FVM6 Comdty 2026-06-30 17115842.57000000 USD -241030.07000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 9.00000000 NC USD -14394.62000000 -0.00341431056 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 2 Year U.S. Treasury Notes Futures TUM6 Comdty 2026-06-30 1881613.37000000 USD -14394.62000000 N N N The Montreal Exchange/Bourse De Montreal 549300DKBYNOI0B1NP44 000000000 22.00000000 NC 51164.86000000 0.012135973168 N/A DE CA N 1 The Montreal Exchange/Bourse De Montreal 549300DKBYNOI0B1NP44 Long Montreal Exchange S&P/TSX 60 Index Futures PTM6 Index 2026-06-18 8323144.56000000 CAD 51164.86000000 N N N 2026-04-30 BlackRock Funds III Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX