# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-003878
**Filing Date:** 2025-12
**Character Count:** 18819
**Document Hash:** 2f05efc0392fb190b1334d2e7d873f4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-003878.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0002048251-25-003878

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251611835

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### SANDS CAPITAL GLOBAL GROWTH FUND (Series ID: S000028356)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000086650 | INSTITUTIONAL CLASS SHARES | SCMGX           |
| C000086651 | INVESTOR CLASS SHARES      | SCGVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sands Capital Global Growth Fund

- **b. EDGAR series identifier (if any):** S000028356

- **c. LEI of Series:** 549300GDMGRRHD6CEV12

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $967333001.07

**Total Liabilities:** $11093425.60

**Net Assets:** $956239575.47

**Cash Not Reported:** $1140212.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000086651 | 2.90%                | -0.33%               | 0.92%                |
| Class ID C000086650 | 2.92%                | -0.32%               | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $97822097.56             | $-66362401.78                              |
| Month 2  | $12216898.34             | $-14653290.53                              |
| Month 3  | $2641821.36              | $9396994.65                                |

### Schedule of Portfolio Investments

| Name                                         | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FLUTTER ENTERTAINMENT PUBLIC LIMITED COMPANY | FLUTTER ENTERTAINMENT PLC-DI COMMON STOCK      | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               |  | US        |    105253 | NS      | $24480795.27  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED              | CARLISLE COS INC COMMON STOCK                  | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               |  | US        |     43612 | NS      | $14176080.60  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                | NETFLIX INC COMMON STOCK                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |     32032 | NS      | $35839323.52  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.              | INTERCONTINENTAL EXCHANGE IN COMMON STOCK      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               |  | US        |    150347 | NS      | $21994262.63  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE, INC.                             | CLOUDFLARE INC - CLASS A COMMON STOCK          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               |  | US        |    100051 | NS      | $25342918.30  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                 | SHOPIFY INC - CLASS A COMMON STOCK             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | US        |    180576 | NS      | $31394943.36  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                              | PRO MEDICUS LTD COMMON STOCK                   | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               |  | AU        |     41873 | NS      | $7189804.18   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                 | 3I GROUP PLC COMMON STOCK                      | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               |  | GB        |    216849 | NS      | $12549166.24  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | ON HOLDING AG-CLASS A COMMON STOCK             | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               |  | US        |    332518 | NS      | $12353043.70  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                             | SERVICENOW INC COMMON STOCK                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |     28287 | NS      | $26003673.36  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/DKK SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $865.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                           | MERCADOLIBRE INC COMMON STOCK                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |     14676 | NS      | $34154867.76  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                  | SAMSARA INC-CL A COMMON STOCK                  | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               |  | US        |    466123 | NS      | $18724160.91  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                    | CTS EVENTIM AG & CO KGAA COMMON STOCK          | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               |  | DE        |     95054 | NS      | $8515979.64   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML HOLDING NV-NY REG SHS DEPOSITARY RECEIPT  | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               |  | US        |     22788 | NS      | $24137733.24  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN COMPANY LIMITED                        | TITAN CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300RO9VJWPK37FE54       | Long             | EC               |  | IN        |    571219 | NS      | $24104216.18  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                    | VISA INC-CLASS A SHARES COMMON STOCK           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |    108870 | NS      | $37096363.80  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                         | APPLOVIN CORP-CLASS A COMMON STOCK             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               |  | US        |     23003 | NS      | $14660501.99  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/EUR SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $1757.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                     | INTUITIVE SURGICAL INC COMMON STOCK            | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |     51992 | NS      | $27778285.76  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                                 | DEXCOM INC COMMON STOCK                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               |  | US        |    147835 | NS      | $8606953.70   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                   | BUILDERS FIRSTSOURCE INC COMMON STOCK          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               |  | US        |    124793 | NS      | $14497202.81  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group Ltd                           | GALDERMA GROUP AG COMMON STOCK                 | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               |  | CH        |    160106 | NS      | $29733624.17  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                      | SPOTIFY TECHNOLOGY SA COMMON STOCK             | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               |  | US        |     40538 | NS      | $26565362.16  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM TECHNOLOGIES, INC.                   | IRHYTHM TECHNOLOGIES INC COMMON STOCK          | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               |  | US        |    114931 | NS      | $21526576.30  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                            | HDFC BANK LIMITED COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               |  | IN        |   1816850 | NS      | $20201280.72  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen N.V.                                   | ADYEN NV COMMON STOCK                          | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               |  | NL        |     14209 | NS      | $24346789.38  | 2.55%             |  |  |  | Yes           |                  1 | On Loan: No      |
| AXON ENTERPRISE, INC.                        | AXON ENTERPRISE INC COMMON STOCK               | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               |  | US        |     47030 | NS      | $34436776.90  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/AUD SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $162.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                                  | PANDORA A/S COMMON STOCK                       | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               |  | DK        |     93749 | NS      | $12544430.07  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYENCE CORPORATION                          | KEYENCE CORP COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               |  | JP        |     64000 | NS      | $23752627.07  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LIMITED                        | BAJAJ FINANCE LTD COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               |  | IN        |   2242816 | NS      | $26340996.91  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/CHF SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $1854.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOORDASH, INC.                               | DOORDASH INC - A COMMON STOCK                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               |  | US        |    126754 | NS      | $32242414.98  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                           | NVIDIA CORP COMMON STOCK                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |    433476 | NS      | $87774555.24  | 9.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                             | AMAZON.COM INC COMMON STOCK                    | CUSIP: N/A<br>LEI: ZXTILKJKG63JELOEG630       | Long             | EC               |  | US        |    190759 | NS      | $46587162.98  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BROWN BROTHERS HARRIMAN SWEEP INTEREST         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   9985654 | PA      | $9985654.22   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC-CL A COMMON STOCK                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |    156687 | NS      | $44058817.53  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO.                                  | CARVANA CO COMMON STOCK                        | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               |  | US        |     31974 | NS      | $9801309.96   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                               | DOLLARAMA INC COMMON STOCK                     | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               |  | CA        |    112523 | NS      | $14626265.11  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH, INC.                             | TETRA TECH INC COMMON STOCK                    | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               |  | US        |    368544 | NS      | $11786037.12  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |    127069 | NS      | $38175339.67  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/GBP SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $392.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/JPY SETTLE 2025-11-04 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-145.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLOCK, INC.                                  | BLOCK INC COMMON STOCK                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               |  | US        |    317294 | NS      | $24095306.36  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. DOLLARS                                 | FX Forward Contract: USD/EUR SETTLE 2025-11-03 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $597.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer