THE ADVISORS’ INNER CIRCLE FUND EDGEWOOD GROWTH FUND June 30, 2025 (Unaudited)

SCHEDULE OF INVESTMENTS

COMMON STOCK†† — 97.8%

	Shares		Value
COMMUNICATION SERVICES — 13.8%
Netflix  Inc.*		978,546	$	1,310,400,305
Spotify Technology SA*		675,504		518,341,239
Trade Desk Inc., Cl A*		7,363,752		530,116,507
				2,358,858,051
CONSUMER DISCRETIONARY — 4.4%
Airbnb Inc., Cl A*		5,750,389		761,006,480
FINANCIALS — 18.3%
Blackstone Inc.		4,747,655		710,154,235
MSCI Inc., Cl A		1,120,290		646,116,055
S&P Global Inc.		1,336,005		704,462,076
Visa Inc., Cl A		3,056,125		1,085,077,181
				3,145,809,547
HEALTH CARE — 14.7%
Boston Scientific Corp.*		3,757,335		403,575,352
Eli Lilly & Co.		1,073,936		837,165,330
Intuitive Surgical Inc.*		1,266,723		688,349,946
Vertex Pharmaceuticals Inc.*		1,324,628		589,724,386
				2,518,815,014
INDUSTRIALS — 6.4%
Copart  Inc.*		10,784,850		529,212,589
TransDigm Group Inc.		378,167		575,055,867
				1,104,268,456
INFORMATION TECHNOLOGY — 40.2%
ASML Holding NV (A)		1,454,850		1,165,902,242
Broadcom Inc.		3,088,180		851,256,817
Fair Isaac Corp.*		180,980		330,824,201

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THE ADVISORS’ INNER CIRCLE FUND EDGEWOOD GROWTH FUND June 30, 2025 (Unaudited)

COMMON STOCK†† — continued

	Shares		Value
INFORMATION TECHNOLOGY — continued
Intuit  Inc.		1,209,288	$	952,471,507
NVIDIA Corp.		8,566,071		1,353,353,557
ServiceNow Inc.*		814,823		837,703,230
Shopify Inc., Cl A* (A)		5,168,776		596,218,312
Synopsys Inc.*		1,586,669		813,453,463
				6,901,183,329
TOTAL COMMON STOCK
(Cost $9,333,678,802)				16,789,940,877
SHORT-TERM INVESTMENTS — 2.8%
Fidelity Institutional Money Market Funds - Government Portfolio, Cl I, 4.230% (B)		314,545,491		314,545,491
Mount Vernon Liquid Assets Portfolio, LLC, 4.460% (B)(C)		166,332,052		166,332,052
TOTAL SHORT-TERM INVESTMENTS
(Cost $480,877,543)				480,877,543
TOTAL INVESTMENTS — 100.6%
(Cost $9,814,556,345)			$	17,270,818,420

Percentages are based on Net Assets of $17,164,271,087. 

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

* Non-income producing security.

(A) This security or a partial position of this security is on loan at June 30, 2025. The total market value of securities on loan at June 30, 2025 was $164,237,711.

(B) The rate reported is the 7-day effective yield as of June 30, 2025.

(C) This security was purchased with cash collateral held from securities on loan.

Cl — Class

EMC-QH-001-4000

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