TIDAL TRUST III

Ticker: QUSA CUSIP: 45259A464 Class: VISTASHARES TRGT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (5)

Formidable Asset Management, LLC

Value ($000) $574 Shares 29,378

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $221 Shares 12,185

OSAIC HOLDINGS, INC.

Value ($000) $9 Shares 500

Value ($000) $2 Shares 127

Tower Research Capital LLC (TRC)

Value ($000) $0 Shares 21

Institution	Shares	Value ($000)
Formidable Asset Management, LLC	29,378	$574
SUSQUEHANNA INTERNATIONAL GROUP, LLP	12,185	$221
OSAIC HOLDINGS, INC.	500	$9
UBS Group AG	127	$2
Tower Research Capital LLC (TRC)	21	$0

Increased Positions (1)

HARBOUR INVESTMENTS, INC.

Value ($000) $18 (+7.0%) Shares 1,002 (+15.4%)

Institution	Prev Shares	Curr Shares	Change
HARBOUR INVESTMENTS, INC.	868	1,002	+134 (+15.4%)

Exited Positions (3)

Naviter Wealth, LLC

Value ($000) $244 Shares 12,500

JANE STREET GROUP, LLC

Value ($000) $504 Shares 25,790

Value ($000) $0 Shares 1

Institution	Prev Shares	Prev Value ($000)
Naviter Wealth, LLC	12,500	$244
JANE STREET GROUP, LLC	25,790	$504
MORGAN STANLEY	1	$0