NPORT-P false 0000893818 XXXXXXXX S000029260 C000089952 C000089955 C000089953 C000089954 C000089956 BlackRock Funds III 811-07332 0000893818 5493008LW2651I1QB503 100 Bellevue Parkway Wilmington 19809 800-441-7762 BlackRock LifePath Dynamic 2035 Fund S000029260 549300R36FRMZP4CDY53 2025-12-31 2025-03-31 N 347996995.97 23949149.22 324047846.75 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 2389595.53000000 N LifePath Dynamic Custom Benchmark - 2035 N/A Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC -10738.60000000 -0.00331389333 N/A DFE JP N 2 Bank of America NA B4TYDEB6GKMZO031MB27 6399239.08000000 USD 950016316.00000000 JPY 2025-06-18 -10738.60000000 N N N iShares Global Infrastructure ETF 549300ZC2N3HUK3DTK30 464288372 99122.00000000 NS USD 5418999.74000000 1.672283829178 Long EC RF US N 1 N N BlackRock Advantage Emerging Markets Fund WEJ3VPF25HMUBXKZD351 09258N323 1425345.57000000 NS USD 14624045.51000000 4.512927845893 Long EC RF US N 1 N N N BlackRock Tactical Opportunities Fund 6FFMMI3AGWZH5SDXSF05 09258N570 500997.17000000 NS USD 7494917.62000000 2.312904620465 Long EC RF US N 1 N N N BlackRock Diversified Fixed Income Fund 549300SEQK2DPV0R7O94 09260W584 8493163.61000000 NS USD 80090532.87000000 24.71565038103 Long EC RF US N 1 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 1617.37000000 0.000499114564 N/A DFE US N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 11277000.00000000 JPY 77450.93000000 USD 2025-06-18 1617.37000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 40.00000000 NC USD 28269.79000000 0.008723955515 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini Russell 2000 Index Futures RTYM5 Index 2025-06-20 4025930.21000000 USD 28269.79000000 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC N/A -243636.88000000 -0.07518546487 N/A DFE JP N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 12087720.75000000 EUR 1915838103.00000000 JPY 2025-06-18 -243636.88000000 N N N BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES 5493008LW2651I1QB503 066922477 47015878.76000000 NS USD 47015878.76000000 14.50893108272 Long STIV RF US N 1 N N N iShares MSCI EAFE Small-Cap ETF 549300MJV5OZGVS4LX86 464288273 292821.00000000 NS USD 18602918.13000000 5.740793625563 Long EC RF US N 1 N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 73.00000000 NC USD -212410.63000000 -0.06554915643 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. mini MSCI EAFE Index Futures MFSM5 Index 2025-06-20 9031905.63000000 USD -212410.63000000 N N N BlackRock Funds III 5493008LW2651I1QB503 066922519 11653398.81000000 NS USD 11659225.51000000 3.597995057499 Long STIV RF US N 1 N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -46.00000000 NC USD -72322.53000000 -0.02231847263 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT 10 Year U.S. Treasury Notes TYM5 Comdty 2025-06-18 -5053083.72000000 USD -72322.53000000 N N N Bank of America NA B4TYDEB6GKMZO031MB27 000000000 1.00000000 NC -109763.64000000 -0.03387266451 N/A DFE AU N 2 Bank of America NA B4TYDEB6GKMZO031MB27 12742287.07000000 USD 20204093.00000000 AUD 2025-06-18 -109763.64000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 171.00000000 NC USD 62936.59000000 0.019422005309 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long Micro E-mini S&P 500 Futures HWAM5 Index 2025-06-20 4770592.16000000 USD 62936.59000000 N N N iShares iBoxx $ Investment Grade Corporate Bond ETF 549300FYCXFXG8POR355 464287242 41056.00000000 NS USD 4462376.64000000 1.377073381216 Long EC RF US N 1 N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 22.00000000 NC USD 81261.71000000 0.025077071430 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Long CME E-mini S&P 500 Index Futures ESM5 Index 2025-06-20 6137313.29000000 USD 81261.71000000 N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 1.00000000 NC -61786.71000000 -0.01906715647 N/A DFE JP N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 2970480.55000000 USD 432543852.00000000 JPY 2025-06-18 -61786.71000000 N N N MASTER INVESTMENT PORTFOLIO - International Tilts Master Portfolio 5493004HUP3600ZFJ783 000000000 977372.60000000 NS USD 19075478.73000000 5.886624127058 Long EC RF US N N/A N N N MORGAN STANLEY & CO. INTERNATIONAL 4PQUHN3JPFGFNF3BB653 000000000 2438213.98000000 OU Notional Amount USD 7328.55000000 0.002261564171 N/A DE US N 2 MORGAN STANLEY & CO. INTERNATIONAL 4PQUHN3JPFGFNF3BB653 Russell 1000 Value Total Return Index RU10VATR INDEX Y equity-performance leg 2025-10-06 0.00000000 USD 0.00000000 USD 2438213.98400000 USD 7328.55000000 N N N BlackRock Real Estate Securities Fund 549300619RPPBQL8JR35 091936583 516100.62000000 NS USD 7818924.32000000 2.412891922726 Long EC RF US N 1 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -16.00000000 NC USD 4723.65000000 0.001457701400 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short CME E-mini NASDAQ 100 Index Futures NQM5 Index 2025-06-20 -6225363.65000000 USD 4723.65000000 N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 90.00000000 NC USD -93903.30000000 -0.02897822063 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Long ICE U.S. MSCI Emerging Markets Index Futures MESM5 Index 2025-06-20 5092503.30000000 USD -93903.30000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 103.00000000 NC USD 11509.53000000 0.003551799561 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT U.S. Long Bond Futures USM5 Comdty 2025-06-18 12113521.72000000 USD 11509.53000000 N N N DIVERSIFIED EQUITY MASTER N/A 999113103 1634641.45000000 NS USD 114967602.25000000 35.47858854889 Long EC RF US N N/A N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 22.00000000 NC 137017.78000000 0.042283194094 N/A DE CA N 1 The Montreal Exchange / Bourse De Montreal N/A Long Montreal Exchange S&P/TSX 60 Index Futures PTM5 Index 2025-06-19 6392264.56000000 CAD 137017.78000000 N N N GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 000000000 437064.29000000 OU Notional Amount USD 864.96000000 0.000266923544 N/A DE GB N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 Russell 1000 Value Total Return Index RU10VATR INDEX Y equity-performance leg 2025-10-06 0.00000000 USD 0.00000000 USD 437064.28800000 USD 864.96000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 10772.09000000 0.003324228229 N/A DFE CA N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 5340286.31000000 USD 7671098.59000000 CAD 2025-06-18 10772.09000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 63.00000000 NC USD 73219.35000000 0.022595228061 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 2 Year U.S. Treasury Notes Futures TUM5 Comdty 2025-06-30 12983038.49000000 USD 73219.35000000 N N N JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 6612.25000000 0.002040516567 N/A DFE CA N 2 JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 3232318.54000000 USD 4643223.00000000 CAD 2025-06-18 6612.25000000 N N N iShares 0-5 Year TIPS Bond ETF 549300GIWSEGOQLZR212 46429B747 23183.00000000 NS USD 2398745.01000000 0.740244082489 Long EC RF US N 1 N N N Osaka Exchange 3538001249AILNPRUX57 000000000 33.00000000 NC -55388.72000000 -0.01709275977 N/A DE JP N 2 Osaka Exchange 3538001249AILNPRUX57 Long TSE TOPIX Futures TPM5 Index 2025-06-12 896586917.00000000 JPY -55388.72000000 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -139.00000000 NC USD -256612.53000000 -0.07918970379 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT Ultra Long-Term U.S. Treasury Bond Futures WNM5 Comdty 2025-06-18 -16827356.22000000 USD -256612.53000000 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 000000000 1.00000000 NC 53.75000000 0.000016587056 N/A DFE US N 2 Deutsche Bank AG 7LTWFZYICNSX8D621K86 27000.00000000 EUR 29374.99000000 USD 2025-06-18 53.75000000 N N N 2025-04-29 BlackRock Funds III Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX