FundWatcher
BWDIX
Boyd Watterson Limited Duration Enhanced Income Fund
NORTHERN LIGHTS FUND TRUST III

Portfolio moves

Net position changes between two of this fund's N-PORT snapshots. These are differences between point-in-time reports — not a trade log — and share counts can be affected by splits and other corporate actions.

Dec 31, 2025 → Mar 31, 2026

Expand a category to see the positions behind it, ranked by weight.

Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
COF V3.95 PERP M 0 8,100,000 8,100,000 1.43% $7.99M
SAND 2021-1A DR2 0 6,750,000 6,750,000 1.21% $6.75M
Magnetite Xli Ltd 5.64 0 6,000,000 6,000,000 1.07% $5.98M
INSTALLED BUILDING PRODUCTS IN COMPANY GUAR 144A 02/34 5.625 0 6,100,000 6,100,000 1.07% $5.97M
PR 6.25 02/01/33 144A 0 5,000,000 5,000,000 0.91% $5.10M
APEXC 2020-1A DR3 0 4,500,000 4,500,000 0.79% $4.42M
Performance Food Group Inc 0 4,500,000 4,500,000 0.78% $4.35M
Genesee & Wyoming Term Loan B 200 2031-03-25 0 3,950,000 3,950,000 0.70% $3.94M
Johnstone Supply Term Loan B 225 2031-06-01 0 3,950,000 3,950,000 0.70% $3.93M
Advanced Drainage Systems Inc 0 4,000,000 4,000,000 0.70% $3.90M
FIAOT 2026-1A C 0 3,000,000 3,000,000 0.54% $3.00M
Matador Resources Co 0 3,000,000 3,000,000 0.53% $2.99M
FORD MOTOR CRED 0 3,000,000 3,000,000 0.53% $2.95M
ABS 0 2,500,000 2,500,000 0.45% $2.50M
SAND 2021-1A ER2 0 2,500,000 2,500,000 0.45% $2.50M
Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class D 0 2,500,000 2,500,000 0.44% $2.47M
Birch Grove CLO 3 Ltd., Series 2021-3A, Class A1R 0 2,400,000 2,400,000 0.43% $2.39M
NEXSTAR BROADCASTING INC 2026 TERM LOAN B7 0 2,000,000 2,000,000 0.35% $1.98M
HILTON GRAND VACATIONS TERM B 1LN 08/02/2028 0 1,969,501 1,969,501 0.35% $1.97M
CarMax Select Receivables Trust 2026-A, Series 2026-A, Class E 0 2,000,000 2,000,000 0.35% $1.96M
OCT51 2021-1A CR 0 1,750,000 1,750,000 0.31% $1.75M
NXST TL B 1L USD 0 1,000,000 1,000,000 0.18% $995.00K
Oaktree CLO 2019-2 Ltd 0 840,000 840,000 0.15% $841.55K
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
DWOLF 2017-1A CR 5,250,000 0 -5,250,000 0.00% -$5.26M
CENTRAL GARDEN & PET CO REGD 5.12500000 4,907,000 0 -4,907,000 0.00% -$4.93M
FIRST INVESTORS AUTO OWNER TRUST 2022-1 SER 2022-1A CL D REGD 144A P/P 3.79000000 4,720,000 0 -4,720,000 0.00% -$4.69M
GLM 2023-17A BR 4,500,000 0 -4,500,000 0.00% -$4.50M
JOHNSTONE SUPPLY TERM B 1LN 06/09/2031 3,960,000 0 -3,960,000 0.00% -$3.99M
GWR TL B 1L USD 3,960,000 0 -3,960,000 0.00% -$3.96M
WMS 5 09/30/27 144A 3,592,000 0 -3,592,000 0.00% -$3.60M
CHTR 5 1/8 05/01/27 3,000,000 0 -3,000,000 0.00% -$3.00M
Goldentree Loan Management US CLO 1 Ltd 3,000,000 0 -3,000,000 0.00% -$2.98M
SUNOCO LP / SUNOCO FIN CORP 6% 04/15/2027 2,825,000 0 -2,825,000 0.00% -$2.84M
ABBSL 2021-2A C 2,550,000 0 -2,550,000 0.00% -$2.55M
AGL CLO 29 Ltd., Series 2024-29A, Class A1 2,500,000 0 -2,500,000 0.00% -$2.50M
NBCLO 2017-1A BR 2,450,000 0 -2,450,000 0.00% -$2.46M
MTDR 6.875 04/15/28 144A 2,000,000 0 -2,000,000 0.00% -$2.05M
INSTALLED BUILDING PRODU REGD 144A P/P 5.75000000 2,035,000 0 -2,035,000 0.00% -$2.04M
NAVS 2024-2A C 2,000,000 0 -2,000,000 0.00% -$2.00M
TGNA 5 09/15/29 2,000,000 0 -2,000,000 0.00% -$1.98M
HGV TL B 1L USD 1,974,462 0 -1,974,462 0.00% -$1.98M
ELM20 2022-7A BR 1,700,000 0 -1,700,000 0.00% -$1.70M
VOYA 2018-1A B 850,000 0 -850,000 0.00% -$850.81K
VRT TL B 1L USD 498,750 0 -498,750 0.00% -$501.73K
SYMP 2014-15A BR3 450,000 0 -450,000 0.00% -$450.58K
RSRVA 2016-3A XRR 12,500 0 -12,500 0.00% -$12.50K
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
US TREASURY N/B 10,475,000 22,975,000 12,500,000 4.09% $12.34M
PLAINS ALL AMERN PIPELINE LP TSFR3M+437.161 PERP 4,200,000 6,200,000 2,000,000 1.11% $1.97M
Exeter Automobile Receivables Trust, Series 2025-4A, Class E 4,000,000 6,000,000 2,000,000 1.06% $1.90M
CRS 5.625 03/01/34 144A 2,500,000 4,500,000 2,000,000 0.79% $1.90M
HLSY 2021-4A E 2,500,000 3,750,000 1,250,000 0.62% $1.02M
Birch Grove CLO 12 Ltd 2,000,000 3,100,000 1,100,000 0.55% $1.10M
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
US TREASURY N/B 31,625,000 28,625,000 -3,000,000 4.92% -$3.23M
SNDPT 2017-1A E 6,305,074 4,989,131 -1,315,943 0.88% -$1.36M
HWRI TL B 1L USD 4,844,189 4,831,541 -12,648 0.87% -$33.14K
H.B. Fuller Company, Term Loan B 4,418,033 4,406,905 -11,129 0.79% -$11.16K
FRST AM-GV OB-X 3,960,635 3,889,689 -70,946 0.69% -$70.95K
Quikrete Holdings, Inc., Term Loan B-1 3,850,448 3,840,749 -9,699 0.69% -$31.53K
EART 2022-4A D 2,878,416 2,203,257 -675,158 0.40% -$685.47K
Quikrete Term Loan B-3 (Incremental) 225 2032-01-23 1,990,000 1,985,000 -5,000 0.35% -$14.63K
CIEN TL B 1L USD 1,960,205 1,955,256 -4,949 0.35% -$8.23K
NXST TL B5 1L USD 1,496,250 1,492,500 -3,750 0.26% -$26.01K
SOUND POINT CLO LTD SNDPT 2015 2A ARRR 144A 1,244,273 1,047,390 -196,883 0.19% -$197.16K
MDPK 2016-24A BR2 4,392,265 982,691 -3,409,574 0.18% -$3.41M
EART 2022-1A D 1,151,355 740,620 -410,736 0.13% -$407.69K
Dryden 30 Senior Loan Fund, Series 2013-30A, Class CR 920,510 637,899 -282,610 0.11% -$282.61K
EART 2021-3A D 963,159 630,336 -332,823 0.11% -$330.26K
TPMT 2017-6 A1 144A FRN 10-25-57 89,922 75,877 -14,045 0.01% -$13.83K
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
Exeter Automobile Receivables Trust, Series 2021-4A, Class E 10,597,000 10,597,000 0 1.89% $22.55K
FIRST INVESTORS AUTO OWNER TRUST 2023-1 FIAOT 2023-1A D 8,400,000 8,400,000 0 1.56% -$73.62K
MORGAN STANLEY 8,045,000 8,045,000 0 1.46% -$215.49K
Neuberger Berman CLO XVII Ltd 7,600,000 7,600,000 0 1.36% -$24.05K
MTZ 4 1/2 08/15/28 6,500,000 6,500,000 0 1.15% -$41.60K
OCTAGON INVT PARTNERS XXI LTD / OCTAGON INVT PARTNERS XXI LLC BR4 TSFR3M+135 02/14/2031 144A 6,250,000 6,250,000 0 1.12% $5.16K
BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2023-1 SER 2023-1 CL D REGD 7.84000000 5,890,000 5,890,000 0 1.10% -$25.82K
Exeter Automobile Receivables Trust, Series 2022-2A, Class E 5,993,000 5,993,000 0 1.05% $48.46K
ICG 2015-2RA A2R 5,750,000 5,750,000 0 1.03% -$2.51K
OHA Credit Partners XIV Ltd 5,575,000 5,575,000 0 0.98% -$97.40K
Voya CLO Ltd., Series 2013-1A, Class BR 5,220,000 5,220,000 0 0.93% -$5.72K
VW 5.9 09/12/33 5,000,000 5,000,000 0 0.92% -$107.23K
AGL 2022-22A CR 5,110,000 5,110,000 0 0.91% -$2.61K
Neuberger Berman Loan Advisers CLO Ltd., Series 2021-42A, Class CR 5,000,000 5,000,000 0 0.89% -$8.74K
MERITAGE HOMES 5,000,000 5,000,000 0 0.89% -$122.24K
ANTERO MIDSTREAM PARTNERS LP / SR UNSECURED 144A 10/33 5.75 5,000,000 5,000,000 0 0.88% -$87.77K
HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR 5,000,000 5,000,000 0 0.88% -$104.31K
FIRSTCASH INC REGD 144A P/P 4.62500000 5,000,000 5,000,000 0 0.88% -$82.05K
WLAKE 2023-1A D 144A 6.79% 11-15-28 4,750,000 4,750,000 0 0.86% -$32.81K
CARMX 2023-1 D 4,720,000 4,720,000 0 0.86% -$18.69K
Cifc Funding 2014-IV-R Ltd 4,885,000 4,885,000 0 0.86% -$94.25K
ICG 2015-2RA CR 4,750,000 4,750,000 0 0.85% -$7.16K
CGMS 2015-5A CR4 4,600,000 4,600,000 0 0.82% -$3.68K
AGL 2023-25A ER 4,850,000 4,850,000 0 0.81% -$352.08K
MURPHY OIL CORP SR UNSEC 6.0% 10-01-32 4,510,000 4,510,000 0 0.80% -$27.11K
LPX 3 5/8 03/15/29 4,472,000 4,472,000 0 0.77% -$46.43K
First Investors Auto Owner Trust 2022-1 4,280,000 4,280,000 0 0.76% $8.90K
SM ENERGY CO 144A LIFE SR UNSEC 8.625% 11-01-30 4,000,000 4,000,000 0 0.75% $27.31K
JPMorgan Chase & Co., Series OO 4,000,000 4,000,000 0 0.73% -$50.91K
WLAKE 2023-3A D 144A 6.47% 03-15-29 4,000,000 4,000,000 0 0.73% -$18.45K
DARLING INGREDIENTS INC REGD 144A P/P 5.25000000 4,009,000 4,009,000 0 0.72% $374
First Investors Auto Owner Trust, Series 2025-1A, Class D 4,000,000 4,000,000 0 0.72% -$12.00K
Bank of America Corp., Series FF 3,995,000 3,995,000 0 0.71% -$59.38K
Exeter Automobile Receivables Trust, Series 2022-1A, Class E 4,000,000 4,000,000 0 0.71% -$4.54K
Goldman Sachs Group, Inc. (The), Series W 3,750,000 3,750,000 0 0.70% -$72.16K
BWX TECHNOLOGIES INC REGD 144A P/P 4.12500000 4,069,000 4,069,000 0 0.70% -$55.62K
SERVICE CORP INTL REGD 5.12500000 3,885,000 3,885,000 0 0.69% -$51.22K
AUTOMATION TOOLI 4,000,000 4,000,000 0 0.69% -$59.71K
WLAKE 2024-2A D 144A 5.91% 04-15-30 3,650,000 3,650,000 0 0.67% -$5.08K
FREEPORT-MCMORAN 3,603,000 3,603,000 0 0.64% -$696
Dryden Senior Loan Fund, Series 2013-30A, Class DR 3,500,000 3,500,000 0 0.63% -$3.77K
Cifc Funding 2014-IV-R Ltd 3,500,000 3,500,000 0 0.62% -$13.53K
BOYNE USA INC SR UNSECURED 144A 05/29 4.75 3,560,000 3,560,000 0 0.62% -$58.24K
TOPBUILD CORP REGD 144A P/P 5.62500000 3,510,000 3,510,000 0 0.61% -$113.40K
Apidos CLO XXXV 3,500,000 3,500,000 0 0.59% -$177.39K
SUNOCO LP REGD 144A P/P 7.25000000 3,175,000 3,175,000 0 0.59% -$72.44K
OCT41 2019-2A CR2 3,250,000 3,250,000 0 0.58% $2.95K
MUSA 5 5/8 05/01/27 3,240,000 3,240,000 0 0.58% -$2.28K
NEUB 2021-45A CR 3,200,000 3,200,000 0 0.57% -$3.15K
TCW CLO 2020-1 LTD TCW 2020 1A DR3 144A 3,325,000 3,325,000 0 0.57% -$48.47K
TRS 4 1/8 04/15/29 3,350,000 3,350,000 0 0.57% -$70.71K
MDPK 2014-14A D1R4 3,150,000 3,150,000 0 0.56% -$444
EQT CORP 3,000,000 3,000,000 0 0.55% -$47.67K
NATL RURAL UTIL 2,940,000 2,940,000 0 0.55% -$29.54K
GWR 6 1/4 04/15/32 3,000,000 3,000,000 0 0.54% -$59.21K
Sunoco L.P. 3,000,000 3,000,000 0 0.54% -$60.14K
CIFC 2017-4A CR 3,000,000 3,000,000 0 0.54% $12.05K
PATRICK INDUSTRIES INC REGD 144A P/P 6.37500000 3,000,000 3,000,000 0 0.54% -$78.51K
WLAKE 2025-3A C 144A 4.68% 07-15-31 3,000,000 3,000,000 0 0.54% -$10.41K
Service Corporation International/US 3,000,000 3,000,000 0 0.54% -$61.18K
MAGNETITE XXVIII LTD A1RR TSFR3M+124 01/15/2038 144A 3,000,000 3,000,000 0 0.53% -$6.97K
FORD MOTOR CRED 3,000,000 3,000,000 0 0.53% -$81.01K
GRAHAM HOLDINGS CO REGD 144A P/P 5.62500000 3,000,000 3,000,000 0 0.52% -$98.64K
KORN/FERRY INTL 2,945,000 2,945,000 0 0.52% -$36.33K
TARGA RES PRTNRS 2,909,000 2,909,000 0 0.52% -$1.17K
PPMC 2021-5A CR 2,700,000 2,700,000 0 0.48% $3.79K
LCM 33 Ltd 2,650,000 2,650,000 0 0.47% -$2.00K
Venture 43 CLO Ltd 2,765,000 2,765,000 0 0.46% -$100.59K
NGVT 3 7/8 11/01/28 2,675,000 2,675,000 0 0.46% -$45.01K
MTDR 6.5 04/15/32 144A 2,500,000 2,500,000 0 0.45% -$9.99K
Elmwood CLO VI Ltd., Series 2020-3A, Class ARR 2,460,000 2,460,000 0 0.44% $148
Sagard-Halseypoint CLO 9 Ltd., Series 2025-9A, Class D2 2,500,000 2,500,000 0 0.43% -$84.62K
SLGN 4 1/8 02/01/28 2,420,000 2,420,000 0 0.42% -$19.22K
SNDPT 2013-3RA C CLO 144A FRN 04-18-31 2,300,000 2,300,000 0 0.41% -$6.96K
WLAKE 2024-3A D 144A 5.21% 04-15-30 2,250,000 2,250,000 0 0.40% -$16.25K
Battalion CLO XI, Ltd. 2017-11A 2,250,000 2,250,000 0 0.40% $18
FIRST INVESTORS AUTO OWNER TRU FIAOT 2021 2A D 144A 2,230,000 2,230,000 0 0.40% $11.28K
CIFC Funding 2017-IV Ltd 2,200,000 2,200,000 0 0.39% -$1.57K
CGMS 2019-1A DR2 2,250,000 2,250,000 0 0.39% -$96.41K
SYNAPTICS INC REGD 144A P/P 4.00000000 2,200,000 2,200,000 0 0.37% -$47.38K
ARLP 8.625 06/15/29 144A 2,000,000 2,000,000 0 0.37% -$41.54K
FIRST INVESTORS AUTO OWNER TRUST 2022 2 2,000,000 2,000,000 0 0.37% -$11.90K
ENERFLEX INC SR UNSECURED 144A 01/31 6.875 2,000,000 2,000,000 0 0.36% -$4.22K
Battalion CLO XIX Ltd., Series 2021-19A, Class C 2,035,000 2,035,000 0 0.36% -$5.38K
SM ENERGY CO SR UNSECURED 144A 08/29 6.75 2,000,000 2,000,000 0 0.36% $15.81K
WMS 6 3/8 06/15/30 2,000,000 2,000,000 0 0.36% -$34.79K
ALSN 5 7/8 06/01/29 2,000,000 2,000,000 0 0.36% -$21.92K
TEX 6.25 10/15/32 144A 2,000,000 2,000,000 0 0.36% -$44.34K
ON SEMICONDUCTOR CORP REGD 144A P/P 3.87500000 2,075,000 2,075,000 0 0.36% -$35.89K
IRON MOUNTAIN INC REGD 144A P/P 5.25000000 2,000,000 2,000,000 0 0.36% -$19.05K
Allison Transmission, Inc. 2,000,000 2,000,000 0 0.36% -$9.81K
ANTERO MIDSTREAM PARTNERS LP / COMPANY GUAR 144A 07/34 5.75 2,000,000 2,000,000 0 0.35% -$43.71K
ASBURY AUTOMOTIVE GROUP REGD SER WI 4.75000000 1,945,000 1,945,000 0 0.33% -$55.71K
HLSY 2021-5A D 1,875,000 1,875,000 0 0.33% -$24.92K
LCM 18A DR 1,800,000 1,800,000 0 0.32% -$104
CMXS 2025-B E 1,610,000 1,610,000 0 0.29% -$638
Neuberger Berman Loan Advisers Clo 42 Ltd 1,600,000 1,600,000 0 0.28% -$22.09K
Global Partners L.P./ GLP Finance Corp. 1,500,000 1,500,000 0 0.27% -$23.98K
NXST 5.625 07/15/27 144A 1,500,000 1,500,000 0 0.27% -$8.43K
GoldenTree Loan Management US CLO 11 Ltd., Series 2021-11A, Class ER 1,500,000 1,500,000 0 0.26% -$33.94K
ASBURY AUTOMOTIVE GROUP REGD SER WI 4.50000000 1,400,000 1,400,000 0 0.25% -$25.71K
APIDOS CLO XXXII 1,365,000 1,365,000 0 0.24% $3
VENTR 2013-15A DR2 1,375,000 1,375,000 0 0.23% -$59.67K
ICG US CLO 2015-2R Ltd 1,250,000 1,250,000 0 0.22% -$572
WINDR 2021-2A D 1,250,000 1,250,000 0 0.21% -$36.59K
Canyon Capital CLO 2021-1 Ltd 1,200,000 1,200,000 0 0.21% -$42.83K
Canyon Capital CLO Ltd., Series 2017-1A, Class DR 1,000,000 1,000,000 0 0.18% $1.08K
PFS Financing Corp. 1,000,000 1,000,000 0 0.18% -$648
SCULPTOR CLO XXVIII LTD AR TSFR3M+106 01/20/2035 144A 1,000,000 1,000,000 0 0.18% -$888
CHTR 5 02/01/28 144A 1,000,000 1,000,000 0 0.18% -$224
BUILDERS FIRSTSOURCE INC REGD 144A P/P 6.37500000 1,000,000 1,000,000 0 0.18% -$47.44K
HB FULLER CO SR UNSECURED 10/28 4.25 770,000 770,000 0 0.13% -$20.34K
MUSA 4 3/4 09/15/29 750,000 750,000 0 0.13% -$8.06K
VENTR 2018-35A BLR 640,000 640,000 0 0.11% -$728
CEDF 2016-6A DR3 CLO 144A FRN 04-20-34 650,000 650,000 0 0.11% -$12.90K
GEN DIGITAL INC REGD 144A P/P 6.75000000 500,000 500,000 0 0.09% -$7.04K
PRESTIGE BRANDS INC REGD 144A P/P 5.12500000 342,000 342,000 0 0.06% -$1.43K
ALSN 5.875 12/01/33 144A 100,000 100,000 0 0.02% -$2.26K

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