---
ticker: "CPAI"
name: "Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF"
url: "https://etf.net/etf/CPAI"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "US Active Equity"
category_rank: "60 of 127"
methodology: "https://etf.net/methodology"
---

# CPAI: Northern Lights Fund Trust III - Counterpoint Quantitative Equity ETF

Grade **C**, Score 51 of 100. Rank 60 of 127 in US Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 40 | 73 of 127 |
| Mission | 63 | 37 of 48 |
| Risk | 48 | 74 of 126 |
| Tradability | 50 | 56 of 127 |
| Holdings | 84 | 11 of 124 |
| Durability | 67 | 38 of 127 |

## Top holdings

The fund holds 52 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | P | Everpure, Inc. | 2.87% |
| 2 | HPE | Hewlett Packard Enterprise Company | 2.40% |
| 3 | MRVL | Marvell Technology, Inc. | 2.25% |
| 4 | ALAB | Astera Labs, Inc. | 2.25% |
| 5 | ON | ON Semiconductor Corporation | 2.20% |
| 6 | KLIC | Kulicke & Soffa Industries, Inc. | 2.20% |
| 7 | BBRYF | BlackBerry Ltd. | 2.17% |
| 8 | PBF | PBF Energy, Inc. | 2.15% |
| 9 | BOX | Box, Inc. | 2.10% |
| 10 | MCK | McKesson Corporation | 2.10% |
| 11 | MPC | Marathon Petroleum Corporation | 2.10% |
| 12 | GDDY | GoDaddy, Inc. | 2.08% |
| 13 | TXG | 10X Genomics, Inc. | 2.08% |
| 14 | PYPL | PayPal Holdings, Inc. | 2.07% |
| 15 | CAH | Cardinal Health, Inc. | 2.07% |
| 16 | ETSY | Etsy, Inc. | 2.07% |
| 17 | HUBS | HubSpot, Inc. | 2.06% |
| 18 | DINO | HF Sinclair Corporation | 2.05% |
| 19 | DLTR | Dollar Tree, Inc. | 2.05% |
| 20 | CLF | Cleveland-Cliffs, Inc. | 2.04% |
| 21 | AR | Antero Resources Corporation | 2.01% |
| 22 | WKC | World Kinect Corporation | 2.00% |
| 23 | DELL | Dell Technologies, Inc. | 2.00% |
| 24 | OXY | Occidental Petroleum Corporation | 2.00% |
| 25 | MU | Micron Technology, Inc. | 1.99% |
| 26 | SMPL | Simply Good Foods Company (The) | 1.99% |
| 27 | THC | Tenet Healthcare Corporation | 1.97% |
| 28 | GM | General Motors Company | 1.97% |
| 29 | CNC | Centene Corporation | 1.95% |
| 30 | TALO | Talos Energy, Inc. | 1.94% |

Source: etf.net, https://etf.net/etf/CPAI. Please cite the page URL.