NPORT-EX 2 fp0093689-1_nportex.htm SCHEDULE F

 

THE ADVISORS’ INNER CIRCLE FUND

SAROFIM EQUITY FUND

MARCH 31, 2025

(Unaudited)

 

 

SCHEDULE OF INVESTMENTS

COMMON STOCK†† — 99.8%

   

Shares

    

Value

  

Canada — 1.0%

        

Canadian Pacific Kansas City

    13,490     $ 947,133  
                 
                 

Denmark — 2.2%

        

Novo Nordisk ADR

    28,300       1,965,152  
                 
                 

France — 2.6%

        

LVMH Moet Hennessy Louis Vuitton ADR

    19,000       2,353,530  
                 
                 

Netherlands — 1.9%

        

ASML Holding, Cl G

    2,545       1,686,393  
                 
                 

Taiwan — 1.9%

        

Taiwan Semiconductor Manufacturing ADR

    10,560       1,752,960  
                 
                 

United Kingdom — 2.8%

        

BAE Systems ADR

    30,290       2,490,747  
                 
                 

United States — 87.4%

        

Communication Services — 6.1%

        

Alphabet, Cl C

    24,020       3,752,645  

Meta Platforms, Cl A

    3,150       1,815,534  
              5,568,179  
                 

Consumer Discretionary — 10.3%

        

Amazon.com *

     28,970       5,511,832  

Home Depot

    3,065       1,123,292  

Marriott International, Cl A

    4,290       1,021,878  

McDonald's

    5,408       1,689,297  
              9,346,299  
                 

Consumer Staples — 3.1%

        

Coca-Cola

    13,262       949,824  

PepsiCo

    5,875       880,898  

Procter & Gamble

    5,800       988,436  
              2,819,158  
                 

Energy — 3.4%

        

Chevron

    10,822       1,810,412  

Enterprise Products Partners

    20,970       715,916  

 

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THE ADVISORS’ INNER CIRCLE FUND

SAROFIM EQUITY FUND

MARCH 31, 2025

(Unaudited)

 

 

COMMON STOCK†† — continued

 

  

Shares

    

Value

  

United States — (continued)

        

Energy — (continued)

        

Exxon Mobil

    4,865     $ 578,595  
              3,104,923  
                 

Financials — 19.3%

        

Berkshire Hathaway, Cl B *

     1,699       904,853  

BlackRock Funding

    2,755       2,607,552  

CME Group, Cl A

    4,800       1,273,392  

Intercontinental Exchange

    10,860       1,873,350  

Mastercard, Cl A

    5,230       2,866,668  

Progressive

    8,015       2,268,325  

S&P Global

    4,678       2,376,892  

Visa, Cl A

    9,535       3,341,636  
              17,512,668  
                 

Health Care — 10.1%

        

Abbott Laboratories

    11,645       1,544,709  

Eli Lilly

    1,950       1,610,524  

Intuitive Surgical *

     6,790       3,362,884  

UnitedHealth Group

    3,630       1,901,212  

Zoetis, Cl A

    4,480       737,632  
              9,156,961  
                 

Industrials — 7.4%

        

Automatic Data Processing

    3,275       1,000,611  

Broadridge Financial Solutions

    2,755       667,977  

Deere

    2,725       1,278,979  

Eaton

    3,200       869,856  

Old Dominion Freight Line

    5,900       976,155  

Otis Worldwide

    6,010       620,232  

Verisk Analytics, Cl A

    4,270       1,270,837  
              6,684,647  
                 

Information Technology — 25.5%

        

Adobe *

     1,925       738,295  

Apple

    26,136       5,805,590  

Intuit

    4,720       2,898,033  

Microsoft

    15,960       5,991,224  

NVIDIA

    28,350       3,072,573  

ServiceNow *

     2,435       1,938,601  

Texas Instruments

    15,251       2,740,605  
              23,184,921  
                 

 

2

 

THE ADVISORS’ INNER CIRCLE FUND

SAROFIM EQUITY FUND

MARCH 31, 2025

(Unaudited)

 

 

COMMON STOCK†† — continued

 

  

Shares

    

Value

  

United States — (continued)

        

Materials — 1.0%

        

Sherwin-Williams

    2,710     $ 946,305  
                 
                 

Real Estate — 1.2%

        

CoStar Group *

     14,000       1,109,220  
                 
              79,433,281  
                 

 

        

TOTAL COMMON STOCK

               

(Cost $37,567,355)

            90,629,196  
                 

SHORT-TERM INVESTMENT(A) — 0.2%

                 

First America Government Obligations Fund, Cl X, 4.270% (Cost $206,163)

    206,163       206,163  

TOTAL INVESTMENTS— 100.0%

                

(Cost $37,773,518)

           $ 90,835,359  

 

Percentages are based on Net Assets of $90,814,946.

††

More narrow industries are used for compliance purposes, whereas broad sectors are utilized for reporting purposes.

*

Non-income producing security.

(A)

Rate shown is the 7-day effective yield as of March 31, 2025.

 

ADR — American Depositary Receipt

Cl — Class

 

SAR-QH-001-2300

 

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