# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-004714
**Filing Date:** 2026-6
**Character Count:** 33590
**Document Hash:** ff2a277fa2988077c34b7954963cb2ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004714.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0002048251-26-004714

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**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:** 261047880

**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

### NICHOLAS PARTNERS SMALL CAP GROWTH FUND (Series ID: S000064409)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000208376 | Institutional Shares | NPSGX           |

## 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:** NICHOLAS PARTNERS SMALL CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000064409

- **c. LEI of Series:** 549300T01T43XTO9WP29

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $149519503.81

**Total Liabilities:** $186905.07

**Net Assets:** $149332598.74

**Cash Not Reported:** $1925.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000208376 | -4.10%               | 0.57%                | 7.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1539449.38              | $-7898015.52                               |
| Month 2  | $2467804.93              | $-1521776.08                               |
| Month 3  | $1207448.20              | $9208064.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Roivant Sciences Ltd                      | ROIVANT SCIENCES LTD COMMON STOCK         | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               |  | US        |     50663 | NS      | $1403365.10   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED DIGITAL CORPORATION               | APPLIED DIGITAL CORP COMMON STOCK         | CUSIP: N/A<br>LEI: 2549004NE2B6RYXINZ02       | Long             | EC               |  | US        |      9190 | NS      | $218170.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NewAmsterdam Pharma Company NV            | NEWAMSTERDAM PHARMA CO NV COMMON STOCK    | CUSIP: N62509109<br>LEI: 984500B6549TF6E14D36 | Long             | EC               |  | US        |     24915 | NS      | $797529.15    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                        | UNITY SOFTWARE INC COMMON STOCK           | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               |  | US        |     38421 | NS      | $842956.74    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc                   | APOGEE THERAPEUTICS INC COMMON STOCK      | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               |  | US        |     18179 | NS      | $1530126.43   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERCROMBIE & FITCH CO.                   | ABERCROMBIE & FITCH CO-CL A COMMON STOCK  | CUSIP: N/A<br>LEI: 5493000J7LL72TOGT983       | Long             | EC               |  | US        |      4670 | NS      | $426697.90    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AXSOME THERAPEUTICS, INC.                 | AXSOME THERAPEUTICS INC COMMON STOCK      | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               |  | US        |     10770 | NS      | $1820345.40   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd        | CREDO TECHNOLOGY GROUP HOLDI COMMON STOCK | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               |  | US        |     13586 | NS      | $1275317.82   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                    | TFI INTERNATIONAL INC COMMON STOCK        | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               |  | US        |     27772 | NS      | $3016872.36   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                               | TANGER INC REIT                           | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |     84074 | NS      | $2856834.52   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION            | WINTRUST FINANCIAL CORP COMMON STOCK      | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               |  | US        |     22512 | NS      | $3127817.28   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS, INC                              | COMPASS INC - CLASS A COMMON STOCK        | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               |  | US        |     95555 | NS      | $698507.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs, Inc                          | ASTERA LABS INC COMMON STOCK              | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               |  | US        |      4133 | NS      | $452976.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TERAWULF INC.                             | TERAWULF INC COMMON STOCK                 | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               |  | US        |     12557 | NS      | $181197.51    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRUM PHARMACEUTICALS, INC.               | MIRUM PHARMACEUTICALS INC COMMON STOCK    | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               |  | US        |     15174 | NS      | $1401774.12   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| POWELL INDUSTRIES, INC.                   | POWELL INDUSTRIES INC COMMON STOCK        | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               |  | US        |      3549 | NS      | $1920292.92   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp                 | SCHOLAR ROCK HOLDING CORP COMMON STOCK    | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               |  | US        |     16316 | NS      | $802094.56    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT MAREL CORPORATION                     | JBT MAREL CORP COMMON STOCK               | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               |  | US        |      4640 | NS      | $593316.80    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC.                            | NEXTPOWER INC-CL A COMMON STOCK           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     11940 | NS      | $1439367.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VIAVI SOLUTIONS INC.                      | VIAVI SOLUTIONS INC COMMON STOCK          | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               |  | US        |     35708 | NS      | $1188362.24   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIVAX SA                                 | ABIVAX SA-ADR DEPOSITARY RECEIPT          | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               |  | US        |     11757 | NS      | $1309141.95   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORPORATION                       | SEMTECH CORP COMMON STOCK                 | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               |  | US        |     13995 | NS      | $1076075.55   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA CLEAN HOLDINGS, INC.                | ULTRA CLEAN HOLDINGS INC COMMON STOCK     | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               |  | US        |      6955 | NS      | $432461.90    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE SCIENTIFIC, INC.                     | CORE SCIENTIFIC INC COMMON STOCK          | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               |  | US        |     12153 | NS      | $181808.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                  | PROCORE TECHNOLOGIES INC COMMON STOCK     | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               |  | US        |      8611 | NS      | $490827.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                                  | NOVA LTD COMMON STOCK                     | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               |  | US        |      3962 | NS      | $1720617.36   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GAP, INC.                             | GAP INC/THE COMMON STOCK                  | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               |  | US        |     47186 | NS      | $1141901.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| The Descartes Systems Group Inc.          | DESCARTES SYSTEMS GRP/THE COMMON STOCK    | CUSIP: 249906108<br>LEI: N/A                  | Long             | EC               |  | US        |     10443 | NS      | $747301.08    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INCORPORATED                       | INSMED INC COMMON STOCK                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               |  | US        |     23487 | NS      | $3840594.24   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Growth ETF           | ISHARES RUSSELL 2000 GROWTH MUTUAL FUND   | CUSIP: 464287648<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2625 | NS      | $823751.25    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SEACOAST BANKING CORPORATION OF FLORIDA   | SEACOAST BANKING CORP/FL COMMON STOCK     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               |  | US        |     39684 | NS      | $1202028.36   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                       | SANMINA CORP COMMON STOCK                 | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               |  | US        |      3531 | NS      | $457758.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | KRATOS DEFENSE & SECURITY COMMON STOCK    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               |  | US        |     52428 | NS      | $3696698.28   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS, INCORPORATED                | CYTOKINETICS INC COMMON STOCK             | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               |  | US        |     12811 | NS      | $844373.01    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY CORPORATION          | CARPENTER TECHNOLOGY COMMON STOCK         | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               |  | US        |      7227 | NS      | $2848522.05   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                 | XENON PHARMACEUTICALS INC COMMON STOCK    | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               |  | US        |     41400 | NS      | $2407410.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc                 | PALVELLA THERAPEUTICS INC COMMON STOCK    | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               |  | US        |      5360 | NS      | $668124.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                        | INTERDIGITAL INC COMMON STOCK             | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               |  | US        |      3230 | NS      | $975460.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX CORPORATION                          | GATX CORP COMMON STOCK                    | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               |  | US        |      4352 | NS      | $743060.48    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                   | PIPER SANDLER COS COMMON STOCK            | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               |  | US        |     19232 | NS      | $1472209.60   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS, INC.               | CONSTRUCTION PARTNERS INC-A COMMON STOCK  | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               |  | US        |     18597 | NS      | $2066498.64   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dianthus Therapeutics Inc                 | DIANTHUS THERAPEUTICS INC COMMON STOCK    | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               |  | US        |     10222 | NS      | $857830.24    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CALLAWAY GOLF COMPANY                     | CALLAWAY GOLF COMPANY COMMON STOCK        | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               |  | US        |    180959 | NS      | $2511710.92   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICINES, INC.                | REVOLUTION MEDICINES INC COMMON STOCK     | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               |  | US        |     45757 | NS      | $4449868.25   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                   | KYMERA THERAPEUTICS INC COMMON STOCK      | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               |  | US        |      5636 | NS      | $469422.44    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIA, INC.                                | SAIA INC COMMON STOCK                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               |  | US        |      2018 | NS      | $708883.04    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAHAM CORPORATION                        | GRAHAM CORP COMMON STOCK                  | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               |  | US        |      5648 | NS      | $445740.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED OPTOELECTRONICS, INC.             | APPLIED OPTOELECTRONICS INC COMMON STOCK  | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               |  | US        |     10583 | NS      | $895215.97    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                  | CRANE CO COMMON STOCK                     | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               |  | US        |      6031 | NS      | $1031301.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc                 | VIRIDIAN THERAPEUTICS INC COMMON STOCK    | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               |  | US        |     24230 | NS      | $473938.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING COMPANY              | MODINE MANUFACTURING CO COMMON STOCK      | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               |  | US        |     19415 | NS      | $4207424.65   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA, INC.                    | BRIDGEBIO PHARMA INC COMMON STOCK         | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               |  | US        |     43183 | NS      | $3206769.58   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORPORATION                    | ROCKET LAB CORP COMMON STOCK              | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               |  | US        |     32163 | NS      | $2065507.86   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET LABS PBC                           | PLANET LABS PBC COMMON STOCK              | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               |  | US        |     66036 | NS      | $1845706.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                  | CENTURY ALUMINUM COMPANY COMMON STOCK     | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               |  | US        |     46933 | NS      | $2754497.77   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Once Upon A Farm PBC                      | ONCE UPON A FARM PBC COMMON STOCK         | CUSIP: 68237F108<br>LEI: N/A                  | Long             | EC               |  | US        |     55579 | NS      | $908716.65    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHEFS' WAREHOUSE, INC.                | CHEFS' WAREHOUSE INC/THE COMMON STOCK     | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               |  | US        |     17592 | NS      | $1045844.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S.A.                              | EMBRAER SA-SPON ADR DEPOSITARY RECEIPT    | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               |  | US        |     57592 | NS      | $3417509.28   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWEST, INC.                             | SKYWEST INC COMMON STOCK                  | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               |  | US        |     12250 | NS      | $1124917.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR PACIFIC HOLDINGS, INC.                | PAR PACIFIC HOLDINGS INC COMMON STOCK     | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               |  | US        |     54968 | NS      | $3443195.52   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDBLAD EXPEDITIONS HOLDINGS, INC.       | LINDBLAD EXPEDITIONS HOLDING COMMON STOCK | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               |  | US        |     41049 | NS      | $710147.70    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd.                        | FTAI AVIATION LTD COMMON STOCK            | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               |  | US        |     13228 | NS      | $3240860.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE, INC.             | STERLING INFRASTRUCTURE INC COMMON STOCK  | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               |  | US        |      9025 | NS      | $3675611.75   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc            | PRAXIS PRECISION MEDICINES I COMMON STOCK | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               |  | US        |       767 | NS      | $247119.73    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BROWN BROTHERS HARRIMAN SWEEP INTEREST    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   3173845 | PA      | $3173844.78   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MP MATERIALS CORP                         | MP MATERIALS CORP COMMON STOCK            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               |  | US        |     21223 | NS      | $1024221.98   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Therapeutics, Inc                    | VERA THERAPEUTICS INC COMMON STOCK        | CUSIP: 92337R101<br>LEI: N/A                  | Long             | EC               |  | US        |     18597 | NS      | $748157.31    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORPORATION         | LATTICE SEMICONDUCTOR CORP COMMON STOCK   | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               |  | US        |     25176 | NS      | $2335325.76   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent, Inc                             | NUVALENT INC-A COMMON STOCK               | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               |  | US        |     24289 | NS      | $2488408.05   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVEN MADDEN, LTD.                       | STEVEN MADDEN LTD COMMON STOCK            | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               |  | US        |     43230 | NS      | $1466361.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JOBY AVIATION, INC.                       | JOBY AVIATION INC COMMON STOCK            | CUSIP: G65163100<br>LEI: 254900NMVFUM8FO88E56 | Long             | EC               |  | US        |     80422 | NS      | $664285.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI SYSTEMS, INC.                         | OSI SYSTEMS INC COMMON STOCK              | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               |  | US        |      6163 | NS      | $1636338.13   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                           | SOLV ENERGY INC-CL A COMMON STOCK         | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               |  | US        |     16397 | NS      | $492401.91    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. | MACOM TECHNOLOGY SOLUTIONS H COMMON STOCK | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               |  | US        |     10457 | NS      | $2322185.99   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC.                      | ONTO INNOVATION INC COMMON STOCK          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               |  | US        |      5230 | NS      | $1072516.10   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN EDUCATIONAL SERVICES CORPORATION  | LINCOLN EDUCATIONAL SERVICES COMMON STOCK | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               |  | US        |     72810 | NS      | $2961910.80   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMBUS INC.                               | RAMBUS INC COMMON STOCK                   | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               |  | US        |      9871 | NS      | $849202.13    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED ENERGY INDUSTRIES, INC.          | ADVANCED ENERGY INDUSTRIES COMMON STOCK   | CUSIP: N/A<br>LEI: 549300756XI3QLFT2U27       | Long             | EC               |  | US        |      7284 | NS      | $2350619.64   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc               | RUSH STREET INTERACTIVE INC COMMON STOCK  | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               |  | US        |     85342 | NS      | $1856188.50   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enliven Therapeutics Inc                  | ENLIVEN THERAPEUTICS INC COMMON STOCK     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     35883 | NS      | $1406613.60   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES, INC.                  | PATRICK INDUSTRIES INC COMMON STOCK       | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               |  | US        |      6393 | NS      | $710070.51    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT BIOSCIENCES, INC.                  | COGENT BIOSCIENCES INC COMMON STOCK       | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               |  | US        |     18591 | NS      | $715567.59    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES, INC.                  | ORMAT TECHNOLOGIES INC COMMON STOCK       | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               |  | US        |      6726 | NS      | $752773.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LENDINGCLUB CORPORATION                   | LENDINGCLUB CORP COMMON STOCK             | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               |  | US        |     53037 | NS      | $759489.84    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                  | FABRINET COMMON STOCK                     | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               |  | US        |      4369 | NS      | $2278520.88   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCUITY INC.                             | CELCUITY INC COMMON STOCK                 | CUSIP: 15102K100<br>LEI: 25490070W7UU7W2SEY87 | Long             | EC               |  | US        |      4344 | NS      | $495824.16    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN, INC.                               | ARGAN INC COMMON STOCK                    | CUSIP: N/A<br>LEI: 529900E4KZWBV9KGBS83       | Long             | EC               |  | US        |      1287 | NS      | $700964.55    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOT BARN HOLDINGS, INC.                  | BOOT BARN HOLDINGS INC COMMON STOCK       | CUSIP: N/A<br>LEI: 529900QE1BFMYA3N4E71       | Long             | EC               |  | US        |      6166 | NS      | $902455.76    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                               | SITIME CORP COMMON STOCK                  | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               |  | US        |      4679 | NS      | $1615892.65   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEAYA Biosciences Inc                    | IDEAYA BIOSCIENCES INC COMMON STOCK       | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               |  | US        |     37030 | NS      | $1233839.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                    | BWX TECHNOLOGIES INC COMMON STOCK         | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               |  | US        |     34282 | NS      | $7010326.18   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORPORATION                  | BLOOM ENERGY CORP- A COMMON STOCK         | CUSIP: N/A<br>LEI: 549300XB5J9BFW5JXV97       | Long             | EC               |  | US        |     20769 | NS      | $2813991.81   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWSERVE CORPORATION                     | FLOWSERVE CORP COMMON STOCK               | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               |  | US        |      9003 | NS      | $661810.53    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SPHERE ENTERTAINMENT CO.                  | SPHERE ENTERTAINMENT CO COMMON STOCK      | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               |  | US        |     20818 | NS      | $2444033.20   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP.                      | URANIUM ENERGY CORP COMMON STOCK          | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               |  | US        |     46304 | NS      | $625104.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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