NPORT-EX 2 HTML.htm SCHEDULE F FOR VALIDATION PURPOSES ONLY - [120442.TX]
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

SMALL COMPANY FUND

MARCH 31, 2021

(Unaudited)

 

SCHEDULE OF INVESTMENTS

      
COMMON STOCK — 94.3%              
                 Shares                               Value               

COMMUNICATION SERVICES — 1.7%

      

John Wiley & Sons, Cl A

      1,090,000      $ 59,078,000  
     

 

 

  

CONSUMER DISCRETIONARY — 5.3%

      

National Vision Holdings *

      805,000        35,283,150  

Sally Beauty Holdings *

      2,020,000        40,662,600  

Wingstop

      320,000        40,694,400  

Wolverine World Wide

      1,730,000        66,293,600  
     

 

 

  
        182,933,750  
     

 

 

  

CONSUMER STAPLES — 13.2%

      

B&G Foods

      560,000        17,393,600  

Central Garden and Pet, Cl A *

      202,567        10,511,201  

elf Beauty *

      1,685,000        45,208,550  

Hostess Brands, Cl A *

      4,890,000        70,122,600  

J&J Snack Foods

      270,000        42,398,100  

Lancaster Colony

      445,000        78,035,200  

MGP Ingredients

      660,000        39,039,000  

Simply Good Foods *

      2,725,000        82,894,500  

TreeHouse Foods *

      1,005,000        52,501,200  

Utz Brands

      765,000        18,964,350  
     

 

 

  
        457,068,301  
     

 

 

  

FINANCIALS — 13.2%

      

Argo Group International Holdings

      965,000        48,558,800  

BRP Group, Cl A *

      465,000        12,671,250  

Bryn Mawr Bank

      450,000        20,479,500  

Community Bank System

      470,000        36,058,400  

CVB Financial

      1,180,000        26,066,200  

German American Bancorp

      560,000        25,883,200  

Independent Bank

      585,000        49,251,150  

James River Group Holdings

      605,000        27,600,100  

Palomar Holdings *

      315,000        21,117,600  

Prosperity Bancshares

      530,000        39,691,700  

Selective Insurance Group

      680,000        49,327,200  

Stock Yards Bancorp

      395,150        20,176,359  

 

1      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

SMALL COMPANY FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

FINANCIALS — continued

      

UMB Financial

      660,000      $ 60,937,800  

Washington Trust Bancorp

      335,000        17,296,050  
     

 

 

  
        455,115,309  
     

 

 

  

HEALTH CARE — 23.1%

      

AtriCure *

      980,000        64,209,600  

Avanos Medical *

      1,314,860        57,511,976  

Cantel Medical

      905,000        72,255,200  

Cardiovascular Systems *

      1,555,000        59,618,700  

CONMED

      765,000        99,901,350  

Envista Holdings *

      360,000        14,688,000  

Globus Medical, Cl A *

      690,000        42,552,300  

Inspire Medical Systems *

      270,000        55,887,300  

Integra LifeSciences Holdings *

      1,320,000        91,198,800  

Masimo *

      80,000        18,372,800  

Omnicell *

      275,000        35,714,250  

Outset Medical *

      260,000        14,141,400  

Penumbra *

      195,000        52,763,100  

Prestige Consumer Healthcare *

      950,000        41,876,000  

Pulmonx *

      214,340        9,803,912  

Tactile Systems Technology *

      795,000        43,319,550  

Vapotherm *

      420,000        10,088,400  

Veracyte *

      250,000        13,437,500  
     

 

 

  
        797,340,138  
     

 

 

  

INDUSTRIALS — 16.2%

      

Albany International, Cl A

      135,000        11,268,450  

Altra Industrial Motion

      1,160,000        64,171,200  

Barnes Group

      1,265,000        62,668,100  

CSW Industrials

      170,000        22,950,000  

ESCO Technologies

      80,000        8,711,200  

Evoqua Water Technologies *

      2,655,000        69,826,500  

Gibraltar Industries *

      75,800        6,936,458  

John Bean Technologies

      780,000        104,005,200  

MSA Safety

      454,345        68,160,837  

Ritchie Bros. Auctioneers

      1,085,000        63,526,750  

Standex International

      300,000        28,671,000  

Transcat *

      65,000        3,190,200  

 

2      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

SMALL COMPANY FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

INDUSTRIALS — continued

      

TriMas *

      1,515,000      $ 45,934,800  
     

 

 

  
        560,020,695  
     

 

 

  

INFORMATION TECHNOLOGY — 18.2%

      

Blackbaud

      765,000        54,376,200  

BlackLine *

      400,000        43,360,000  

Envestnet *

      400,000        28,892,000  

Medallia *

      2,370,000        66,099,300  

New Relic *

      1,310,000        80,538,800  

Pure Storage, Cl A *

      3,280,115        70,653,677  

Q2 Holdings *

      637,045        63,831,909  

Qualys *

      260,000        27,242,800  

SailPoint Technologies Holdings *

      1,040,000        52,665,600  

Sumo Logic *

      142,600        2,689,436  

Tenable Holdings *

      1,420,000        51,382,700  

Workiva, Cl A *

      430,000        37,951,800  

Yext *

      3,535,000        51,186,800  
     

 

 

  
        630,871,022  
     

 

 

  

MATERIALS — 3.4%

      

Chase

      145,000        16,876,550  

Innospec

      370,000        37,995,300  

Sensient Technologies

      825,000        64,350,000  
     

 

 

  
        119,221,850  
     

 

 

  

TOTAL COMMON STOCK
(Cost $2,365,666,229)

         3,261,649,065  
     

 

 

  
CASH EQUIVALENTS** — 5.8%              

Fidelity Investments - Money Market Treasury Only Portfolio, Cl I, 0.010%

      20,000,000        20,000,000  

Goldman Sachs Square Treasury Instruments Fund, Institutional Shares, 0.006%

      181,033,370        181,033,370  
     

 

 

  

TOTAL CASH EQUIVALENTS
(Cost $201,211,870)

         201,033,370  
     

 

 

  

TOTAL INVESTMENTS — 100.1%
(Cost $2,566,878,099)

       $ 3,462,682,435  
     

 

 

  

 

3      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

SMALL COMPANY FUND

MARCH 31, 2021

(Unaudited)

 

Percentages are based on Net Assets of $3,457,720,845.

 

*

Non-income producing security.

**

Rate reported is the 7-day effective yield as of March 31, 2021.

Cl — Class

At March 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. Generally Accepted Accounting Principles.

During the period ended March 31, 2021, there were no transfers in or out of Level 3.

For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.

CSC-QH-001-3300

 

4      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

MID CAP FUND

MARCH 31, 2021

(Unaudited)

 

SCHEDULE OF INVESTMENTS

      
COMMON STOCK — 98.3%              
                 Shares                               Value               

CONSUMER DISCRETIONARY — 8.7%

      

Advance Auto Parts

      845,000      $ 155,049,050  

Leslie’s *

      1,354,285        33,166,439  

Planet Fitness, Cl A *

      403,460        31,187,458  

Terminix Global Holdings *

      1,510,000        71,981,700  

Tractor Supply

      740,000        131,039,200  

Ulta Beauty *

      334,000        103,262,780  
     

 

 

  
        525,686,627  
     

 

 

  

CONSUMER STAPLES — 14.4%

      

Campbell Soup

      1,330,000        66,859,100  

Church & Dwight

      940,000        82,109,000  

Clorox

      515,000        99,333,200  

Hershey

      830,000        131,272,800  

Hormel Foods

      1,340,000        64,025,200  

JM Smucker

      1,080,000        136,652,400  

Lamb Weston Holdings

      1,290,000        99,949,200  

Lancaster Colony

      165,000        28,934,400  

McCormick

      700,000        62,412,000  

Molson Coors Beverage, Cl B

      1,645,000        84,141,750  

TreeHouse Foods *

      296,205        15,473,749  
     

 

 

  
        871,162,799  
     

 

 

  

FINANCIALS — 12.7%

      

Arthur J Gallagher

      1,141,725        142,453,028  

Cullen/Frost Bankers

      818,940        89,067,915  

Everest Re Group

      635,000        157,359,350  

Northern Trust

      955,000        100,380,050  

Prosperity Bancshares

      950,000        71,145,500  

SVB Financial Group *

      168,000        82,934,880  

Tradeweb Markets, Cl A

      1,747,725        129,331,650  
     

 

 

  
        772,672,373  
     

 

 

  

HEALTH CARE — 24.0%

      

Abcam PLC ADR

      28,870        554,881  

Align Technology *

      220,000        119,136,600  

Bio-Rad Laboratories, Cl A *

      130,000        74,252,100  

Bio-Techne

      295,000        112,669,350  

 

5      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

MID CAP FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

HEALTH CARE — continued

      

Cantel Medical

      993,730      $ 79,339,403  

Catalent *

      710,000        74,770,100  

Cooper

      269,650        103,569,869  

DENTSPLY SIRONA

      2,415,000        154,101,150  

Edwards Lifesciences *

      1,583,000        132,402,120  

Envista Holdings *

      579,185        23,630,748  

Integra LifeSciences Holdings *

      1,790,000        123,671,100  

Maravai LifeSciences Holdings, Cl A *

      850,000        30,294,000  

Masimo *

      395,000        90,715,700  

Tandem Diabetes Care *

      665,000        58,686,250  

Veeva Systems, Cl A *

      359,540        93,926,230  

Waters *

      490,000        139,243,300  

West Pharmaceutical Services

      145,000        40,858,100  
     

 

 

  
        1,451,821,001  
     

 

 

  

INDUSTRIALS — 16.4%

      

AMETEK

      1,475,000        188,401,750  

Clarivate PLC *

      4,290,000        113,213,100  

Fortive

      2,775,000        196,026,000  

Generac Holdings *

      300,400        98,365,980  

IDEX

      385,000        80,588,200  

Nordson

      480,000        95,366,400  

Rockwell Automation

      309,605        82,181,551  

Toro

      895,000        92,310,300  

Verisk Analytics, Cl A

      250,000        44,172,500  
     

 

 

  
        990,625,781  
     

 

 

  

INFORMATION TECHNOLOGY — 19.9%

      

Asana, Cl A *

      2,505,000        71,592,900  

Medallia *

      3,995,000        111,420,550  

New Relic *

      930,000        57,176,400  

Okta, Cl A *

      325,000        71,639,750  

Palo Alto Networks *

      370,000        119,162,200  

Proofpoint *

      720,000        90,568,800  

Pure Storage, Cl A *

      3,698,115        79,657,397  

ServiceNow *

      105,000        52,511,550  

Smartsheet, Cl A *

      1,400,000        89,488,000  

 

6      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN

MID CAP FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

INFORMATION TECHNOLOGY — continued

      

Splunk *

      350,000      $ 47,418,000  

Synopsys *

      325,000        80,528,500  

Workday, Cl A *

      735,000        182,596,050  

Zendesk *

      403,000        53,445,860  

Zscaler *

      555,000        95,276,850  
     

 

 

  
        1,202,482,807  
     

 

 

  

MATERIALS — 2.2%

      

AptarGroup

      945,000        133,878,150  
     

 

 

  

TOTAL COMMON STOCK
(Cost $4,152,465,821)

         5,948,329,538  
     

 

 

  

CASH EQUIVALENTS** — 1.3%

      

Fidelity Investments - Money Market Treasury Only Portfolio, Cl I, 0.010%

      20,000,000        20,000,000  

Goldman Sachs Square Treasury Instruments Fund, Institutional Shares, 0.006%

      57,323,307        57,323,307  
     

 

 

  

TOTAL CASH EQUIVALENTS
(Cost $78,299,807)

         77,323,307  
     

 

 

  

TOTAL INVESTMENTS — 99.6%
(Cost $4,230,765,628)

       $ 6,025,652,845  
     

 

 

  

Percentages are based on Net Assets of $6,049,164,102.

 

*

Non-income producing security.

**

Rate reported is the 7-day effective yield as of March 31, 2021.

ADR — American Depositary Receipt

Cl — Class

PLC — Public Limited Company

At March 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. Generally Accepted Accounting Principles.

During the period ended March 31, 2021, there were no transfers in or out of Level 3.

For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.

CSC-QH-002-2600

 

7      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN EMERGING

MARKETS FUND

MARCH 31, 2021

(Unaudited)

 

SCHEDULE OF INVESTMENTS

      
COMMON STOCK — 96.8%              
                 Shares                               Value               

ARGENTINA — 2.5%

      

MercadoLibre *

      153      $ 225,237  
     

 

 

  

BRAZIL — 4.0%

      

Arco Platform, Cl A *

      1,615        40,924  

B3 - Brasil Bolsa Balcao

      9,715        94,120  

Pagseguro Digital, Cl A *

      2,245        103,944  

XP, Cl A *

      3,285        123,746  
     

 

 

  
        362,734  
     

 

 

  

CHINA — 36.3%

      

AK Medical Holdings

      58,355        74,309  

Alibaba Group Holding *

      17,690        500,588  

Dada Nexus ADR *

      3,725        101,096  

Foshan Haitian Flavouring & Food, Cl A

      2,900        70,697  

Hefei Meyer Optoelectronic Technology, Cl A

      15,515        100,096  

JD.com, Cl A *

      5,450        225,727  

KE Holdings ADR *

      2,300        131,054  

Meituan, Cl B *

      5,995        229,947  

NetEase

      6,600        134,301  

New Horizon Health *

      3,110        23,282  

Sangfor Technologies, Cl A

      2,880        108,522  

Shenzhen Inovance Technology, Cl A

      6,485        84,597  

Shenzhen Mindray Bio-Medical Electronics, Cl A

      2,160        131,515  

Sichuan Teway Food Group, Cl A

      10,615        78,281  

SKSHU Paint, Cl A

      2,470        75,061  

Tencent Holdings

      7,045        552,766  

Venus MedTech Hangzhou, Cl H *

      10,095        81,869  

Wuliangye Yibin, Cl A

      1,770        72,361  

WuXi AppTec, Cl H

      8,738        171,850  

Wuxi Biologics Cayman *

      17,780        222,637  

Yum China Holdings

      1,475        87,335  
     

 

 

  
        3,257,891  
     

 

 

  

HONG KONG — 3.9%

      

AIA Group

      16,985        206,019  

 

8      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN EMERGING

MARKETS FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

HONG KONG — continued

      

Hong Kong Exchanges & Clearing

      2,435      $ 143,260  
     

 

 

  
        349,279  
     

 

 

  

HUNGARY — 1.7%

      

OTP Bank

      3,590        153,750  
     

 

 

  

INDIA — 18.1%

      

Asian Paints

      3,740        129,796  

Avenue Supermarts*

      2,155        84,269  

Bajaj Finance *

      2,815        198,278  

Bandhan Bank *

      33,180        153,797  

HDFC Bank *

      13,165        268,950  

Kotak Mahindra Bank *

      4,390        105,256  

L&T Technology Services

      3,165        114,884  

Reliance Industries

      15,085        413,284  

Tata Consultancy Services

      3,645        158,428  
     

 

 

  
        1,626,942  
     

 

 

  

INDONESIA — 1.7%

      

Bank Central Asia

      71,375        152,701  
     

 

 

  

MEXICO — 1.8%

      

Wal-Mart de Mexico

      50,435        159,115  
     

 

 

  

RUSSIA — 3.6%

      

Ozon Holdings ADR *

      1,545        86,628  

TCS Group Holding PLC GDR

      4,140        240,120  
     

 

 

  
        326,748  
     

 

 

  

SINGAPORE — 2.1%

      

Sea ADR *

      850        189,746  
     

 

 

  

SOUTH AFRICA — 0.8%

      

Clicks Group

      4,135        67,319  
     

 

 

  

 

9      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN EMERGING

MARKETS FUND

MARCH 31, 2021

(Unaudited)

 

COMMON STOCK — continued              
                 Shares                               Value               

SOUTH KOREA — 6.0%

      

Kakao

      540      $ 237,614  

Koh Young Technology

      1,010        102,628  

LG Household & Health Care

      45        62,426  

NCsoft

      175        134,990  
     

 

 

  
        537,658  
     

 

 

  

TAIWAN — 11.2%

      

Airtac International Group

      4,130        145,469  

Silergy

      720        58,164  

Taiwan Semiconductor Manufacturing

      31,255        642,999  

Voltronic Power Technology

      4,110        159,168  
     

 

 

  
        1,005,800  
     

 

 

  

UNITED KINGDOM — 1.5%

      

Unilever PLC ADR

      2,335        130,363  
     

 

 

  

UNITED STATES — 1.6%

      

EPAM Systems *

      350        138,842  
     

 

 

  

TOTAL COMMON STOCK
(Cost $6,303,117)

         8,684,125  
     

 

 

  

PREFERRED STOCK — 1.0%

      

BRAZIL — 1.0%

      

Banco Inter †

      9,540        87,911  
     

 

 

  

TOTAL PREFERRED STOCK
(Cost $41,256)

         87,911  
     

 

 

  

TOTAL INVESTMENTS — 97.8%
(Cost $6,344,373)

       $ 8,772,036  
     

 

 

  

Percentages are based on Net Assets of $8,966,161.

 

*

Non-income producing security.

†

There is currently no rate available.

 

10      
  CHAMPLAIN INVESTMENT    PARTNERS
   
THE ADVISORS’ INNER CIRCLE FUND II   

CHAMPLAIN EMERGING

MARKETS FUND

MARCH 31, 2021

(Unaudited)

 

ADR — American Depositary Receipt

Cl — Class

GDR — Global Depositary Receipt

PLC — Public Limited Company

At March 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. Generally Accepted Accounting Principles.

During the period ended March 31, 2021, there were no transfers in or out of Level 3.

For more information on the Fund’s policy regarding significant accounting policies including valuation of investments, please refer to the Fund’s most recent semi-annual or annual financial statements.

CSC-QH-004-1200

 

11      
  CHAMPLAIN INVESTMENT    PARTNERS