# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-001415
**Filing Date:** 2026-2
**Character Count:** 19808
**Document Hash:** cb6fe906e2435d01ebe98bc8b74ac098
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001415.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002048251-26-001415

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 26695501

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### ARGA VALUE FUND (Series ID: S000080564)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000243045 | Institutional Shares | ARUIX           |

## 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 III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

- **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:** ARGA Value Fund

- **b. EDGAR series identifier (if any):** S000080564

- **c. LEI of Series:** 5493000BK2UAUVXLMN46

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $6808611.65

**Total Liabilities:** $390497.81

**Net Assets:** $6418113.84

**Cash Not Reported:** $446993.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243045 | 4.40%                | 2.55%                | 1.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74930.94                | $165938.25                                 |
| Month 2  | $10294.07                | $123922.39                                 |
| Month 3  | $40662.69                | $15490.35                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACCENTURE PUBLIC LIMITED COMPANY        | ACCENTURE PLC-CL A COMMON STOCK         | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               |  | US        |       657 | NS      | $176273.10    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ALASKA AIR GROUP, INC.                  | ALASKA AIR GROUP INC COMMON STOCK       | CUSIP: N/A<br>LEI: 529900G48RT4KWLC6C27       | Long             | EC               |  | US        |      5155 | NS      | $259296.50    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCOA CORPORATION                       | ALCOA CORP COMMON STOCK                 | CUSIP: N/A<br>LEI: 549300T12EZ1F6PWWU29       | Long             | EC               |  | US        |      2804 | NS      | $149004.56    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                          | AMDOCS LTD COMMON STOCK                 | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |       586 | NS      | $47178.86     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS, INC.                 | ARROW ELECTRONICS INC COMMON STOCK      | CUSIP: N/A<br>LEI: 549300YNNLBXT8N8R512       | Long             | EC               |  | US        |      1186 | NS      | $130673.48    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION             | BANK OF AMERICA CORP COMMON STOCK       | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | EC               |  | US        |      1091 | NS      | $60005.00     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS, INC.                 | BATH & BODY WORKS INC COMMON STOCK      | CUSIP: N/A<br>LEI: GR3KVMWVCR54YWQNXU90       | Long             | EC               |  | US        |      1587 | NS      | $31866.96     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC.               | BAXTER INTERNATIONAL INC COMMON STOCK   | CUSIP: N/A<br>LEI: J5OIVXX3P24RJRW5CK77       | Long             | EC               |  | US        |      6073 | NS      | $116055.03    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.              | BUILDERS FIRSTSOURCE INC COMMON STOCK   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               |  | US        |      1548 | NS      | $159273.72    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                     | CENTENE CORP COMMON STOCK               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |      3559 | NS      | $146452.85    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                          | CITIGROUP INC COMMON STOCK              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |      1111 | NS      | $129642.59    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                     | COMCAST CORP-CLASS A COMMON STOCK       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      5391 | NS      | $161136.99    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORPORATION              | DOLLAR GENERAL CORP COMMON STOCK        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               |  | US        |       476 | NS      | $63198.52     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                | DOW INC COMMON STOCK                    | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               |  | US        |      1413 | NS      | $33035.94     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                   | ELEVANCE HEALTH INC COMMON STOCK        | CUSIP: N/A<br>LEI: 8MYN82XMYQH89CTMTH67       | Long             | EC               |  | US        |       861 | NS      | $301823.55    | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                     | EOG RESOURCES INC COMMON STOCK          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |       614 | NS      | $64476.14     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM SYSTEMS, INC.                      | EPAM SYSTEMS INC COMMON STOCK           | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               |  | US        |       547 | NS      | $112069.36    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR, INC.                       | FIRST SOLAR INC COMMON STOCK            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               |  | US        |       290 | NS      | $75756.70     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                               | FLEX LTD COMMON STOCK                   | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               |  | US        |       886 | NS      | $53532.12     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORPORATION                         | FMC CORP COMMON STOCK                   | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               |  | US        |      8267 | NS      | $114663.29    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                      | FORD MOTOR CO COMMON STOCK              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               |  | US        |      4551 | NS      | $59709.12     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                   | GILEAD SCIENCES INC COMMON STOCK        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |       891 | NS      | $109361.34    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                    | GLOBAL PAYMENTS INC COMMON STOCK        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               |  | US        |       634 | NS      | $49071.60     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON COMPANY                     | HALLIBURTON CO COMMON STOCK             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               |  | US        |      3415 | NS      | $96507.90     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                             | HUMANA INC COMMON STOCK                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               |  | US        |       867 | NS      | $222064.71    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC. | INTL FLAVORS & FRAGRANCES COMMON STOCK  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               |  | US        |      1676 | NS      | $112945.64    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO LTD                             | INVESCO LTD COMMON STOCK                | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               |  | US        |      3576 | NS      | $93941.52     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC.                  | JACKSON FINANCIAL INC-A COMMON STOCK    | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               |  | US        |       590 | NS      | $62923.50     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.                   | LAS VEGAS SANDS CORP COMMON STOCK       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               |  | US        |      4179 | NS      | $272011.11    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI INDUSTRIES                          | LCI INDUSTRIES COMMON STOCK             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               |  | US        |      1043 | NS      | $126557.62    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAR CORPORATION                        | LEAR CORP COMMON STOCK                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               |  | US        |      1505 | NS      | $172473.00    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MANPOWERGROUP INC.                      | MANPOWERGROUP INC COMMON STOCK          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               |  | US        |      2405 | NS      | $71500.65     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                       | MERCK & CO. INC. COMMON STOCK           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      1301 | NS      | $136943.26    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED       | MICROCHIP TECHNOLOGY INC COMMON STOCK   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               |  | US        |      2162 | NS      | $137762.64    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                 | MICRON TECHNOLOGY INC COMMON STOCK      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               |  | US        |       629 | NS      | $179522.89    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MOHAWK INDUSTRIES, INC.                 | MOHAWK INDUSTRIES INC COMMON STOCK      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               |  | US        |      1631 | NS      | $178268.30    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                 | NXP SEMICONDUCTORS NV COMMON STOCK      | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               |  | US        |       848 | NS      | $184066.88    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION        | OCCIDENTAL PETROLEUM CORP COMMON STOCK  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               |  | US        |      2992 | NS      | $123031.04    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PATTERSON-UTI ENERGY, INC.              | PATTERSON-UTI ENERGY INC COMMON STOCK   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               |  | US        |     31333 | NS      | $191444.63    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                               | PVH CORP COMMON STOCK                   | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               |  | US        |       395 | NS      | $26472.90     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                   | QUALCOMM INC COMMON STOCK               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               |  | US        |       521 | NS      | $89117.05     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD.             | RENAISSANCERE HOLDINGS LTD COMMON STOCK | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               |  | US        |       444 | NS      | $124835.04    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                | SKYWORKS SOLUTIONS INC COMMON STOCK     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               |  | US        |       885 | NS      | $56117.85     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORPORATION                         | SLM CORP COMMON STOCK                   | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               |  | US        |      4070 | NS      | $110134.20    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                     | SYNCHRONY FINANCIAL COMMON STOCK        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               |  | US        |       356 | NS      | $29701.08     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.               | T ROWE PRICE GROUP INC COMMON STOCK     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               |  | US        |      1715 | NS      | $175581.70    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                      | TARGET CORP COMMON STOCK                | CUSIP: N/A<br>LEI: 8WDDFXB5T1Z6J0XC1L66       | Long             | EC               |  | US        |      1324 | NS      | $129421.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNUM GROUP                              | UNUM GROUP COMMON STOCK                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               |  | US        |      2311 | NS      | $179102.50    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. CORPORATION                        | VF CORP COMMON STOCK                    | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               |  | US        |      7436 | NS      | $134442.88    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL, INC.                    | VOYA FINANCIAL INC COMMON STOCK         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               |  | US        |      1358 | NS      | $101157.42    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.               | WESCO INTERNATIONAL INC COMMON STOCK    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               |  | US        |       247 | NS      | $60426.08     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS, INC.            | ZIMMER BIOMET HOLDINGS INC COMMON STOCK | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               |  | US        |       713 | NS      | $64112.96     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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