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Q2CCMS6R0AS67HJMBN42 DELTA AIR LINES INC COMMON STOCK 247361702 16500.00000000 NS USD 936375.00000000 1.107202606260 Long EC US N 1 N N N LAGARDERE SA 969500VX2NV2AQQ65G45 LAGARDERE SA COMMON STOCK N/A 183346.00000000 NS 4261255.23000000 5.038657478679 Long EC FR N 1 N N N Government National Mortgage Association 2 N/A GINNIE MAE II POOL G2 4922 36202FPF7 14884.42510000 PA USD 14406.61000000 0.017034880405 Long DBT USGA US N 2 2041-01-20 Fixed 4.00000000 N N N N N N Government National Mortgage Association 2 N/A GINNIE MAE II POOL G2 MA1089 36179NF60 12688.05540000 PA USD 11651.68000000 0.013777354653 Long DBT USGA US N 2 2043-06-20 Fixed 3.00000000 N N N N N N PERSHING SQUARE WARRANTS N/A PERSHING SQUARE WARRANTS EXPIRE 12/31/2049 714920113 10610.00000000 NS USD 0.00000000 0.000000 Long EC US N 3 N N N BOLLORE SE 969500LEKCHH6VV86P94 BOLLORE SE COMMON STOCK N/A 1239539.00000000 NS 7014334.85000000 8.293995276578 Long EC FR N 1 N N N 2025-09-30 THE ADVISORS' INNER CIRCLE III Andrew Metzger Andrew Metzger Treasurer, Controller and Chief Financial Officer