AIRBNB INC-CLASS A COMMON STOCK

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VI90HBPH7XSFMB9E4M29 INTUIT INC COMMON STOCK 461202103 27522.00000000 NS USD 21677152.86000000 4.430739343802 Long EC US N 1 N N N INTUITIVE SURGICAL, INC. 54930052SRG011710797 INTUITIVE SURGICAL INC COMMON STOCK 46120E602 15833.00000000 NS USD 8603810.53000000 1.758590810707 Long EC US N 1 N N N KKR & CO. INC. 54930013V5I303TF9571 KKR & CO INC COMMON STOCK 48251W104 143811.00000000 NS USD 19131177.33000000 3.910350249257 Long EC US N 1 N N N KLA CORPORATION 549300H0BF5JCG96TJ81 KLA CORP COMMON STOCK 482480100 12183.00000000 NS USD 10912800.42000000 2.230540813373 Long EC US N 1 N N N MARVELL TECHNOLOGY, INC N/A MARVELL TECHNOLOGY INC COMMON STOCK 573874104 209062.00000000 NS USD 16181398.80000000 3.307425138529 Long EC US N 1 N N N MICROSOFT CORPORATION INR2EJN1ERAN0W5ZP974 MICROSOFT CORP COMMON STOCK 594918104 84003.00000000 NS USD 41783932.23000000 8.540499468076 Long EC US N 1 N N N MONOLITHIC POWER SYSTEMS, INC. 529900TB7O85LSZ1XU31 MONOLITHIC POWER SYSTEMS INC COMMON STOCK 609839105 17144.00000000 NS USD 12538778.72000000 2.562885474708 Long EC US N 1 N N N NVIDIA CORPORATION 549300S4KLFTLO7GSQ80 NVIDIA CORP COMMON STOCK 67066G104 271562.00000000 NS USD 42904080.38000000 8.769454096534 Long EC US N 1 N N N THE PROGRESSIVE CORPORATION 529900TACNVLY9DCR586 PROGRESSIVE CORP COMMON STOCK 743315103 62261.00000000 NS USD 16614970.46000000 3.396045771725 Long EC US N 1 N N N THE CHARLES SCHWAB CORPORATION 549300VSGCJ7E698NM85 SCHWAB (CHARLES) CORP COMMON STOCK 808513105 135317.00000000 NS USD 12346323.08000000 2.523548169593 Long EC US N 1 N N N SERVICENOW, INC. 549300HJTQM36M0E1G39 SERVICENOW INC COMMON STOCK 81762P102 15044.00000000 NS USD 15466435.52000000 3.161288975975 Long EC US N 1 N N N SHOPIFY INC. 549300HGQ43STJLLP808 SHOPIFY INC - CLASS A COMMON STOCK 82509L107 39795.00000000 NS USD 4590353.25000000 0.938253232704 Long EC US N 1 N N N SPOTIFY TECHNOLOGY S.A. 549300B4X0JHWV0DTD60 SPOTIFY TECHNOLOGY SA COMMON STOCK L8681T102 6454.00000000 NS USD 4952412.36000000 1.012256933920 Long EC US N 1 N N N Taiwan Semiconductor Manufacturing Co., Ltd. 549300KB6NK5SBD14S87 TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT 874039100 56822.00000000 NS USD 12869614.78000000 2.630507286339 Long EC US N 1 N N N THE TRADE DESK, INC. 549300GXPD31VT3E0P46 TRADE DESK INC/THE -CLASS A COMMON STOCK 88339J105 124383.00000000 NS USD 8954332.17000000 1.830236290684 Long EC US N 1 N N N UBER TECHNOLOGIES, INC. 549300B2FTG34FILDR98 UBER TECHNOLOGIES INC COMMON STOCK 90353T100 112649.00000000 NS USD 10510151.70000000 2.148240728257 Long EC US N 1 N N N VERALTO CORPORATION 635400FJE6GSOJUSNY27 VERALTO CORP COMMON STOCK 92338C103 94048.00000000 NS USD 9494145.60000000 1.940572395156 Long EC US N 1 N N N VERISK ANALYTICS, INC. 549300I1YSWNIRKBWP67 VERISK ANALYTICS INC COMMON STOCK 92345Y106 31324.00000000 NS USD 9757426.00000000 1.994386050218 Long EC US N 1 N N N VISA INC. 549300JZ4OKEHW3DPJ59 VISA INC-CLASS A SHARES COMMON STOCK 92826C839 55527.00000000 NS USD 19714861.35000000 4.029653359240 Long EC US N 1 N N N WEST PHARMACEUTICAL SERVICES, INC. 5493007NKRGM1RJQ1P16 WEST PHARMACEUTICAL SERVICES COMMON STOCK 955306105 47637.00000000 NS USD 10422975.60000000 2.130422217745 Long EC US N 1 N N N WORKDAY, INC. 549300J0DYC0N31V7G13 WORKDAY INC-CLASS A COMMON STOCK 98138H101 40366.00000000 NS USD 9687840.00000000 1.980162898775 Long EC US N 1 N N N 2025-06-30 THE ADVISORS' INNER CIRCLE III Andrew Metzger Andrew Metzger Treasurer, Controller and Chief Financial Officer XXXX