# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-25-002956
**Filing Date:** 2025-11
**Character Count:** 17108
**Document Hash:** 9c8d24f3ef0ae852d0dd9d89806f1ac1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002956.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002956

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**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:** 251534112

**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

### BROWN ADVISORY SUSTAINABLE VALUE ETF (Series ID: S000092069)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000259984 | BROWN ADVISORY SUSTAINABLE VALUE ETF | BASV            |

## 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:** Brown Advisory Sustainable Value ETF

- **b. EDGAR series identifier (if any):** S000092069

- **c. LEI of Series:** 5299002VHW2V934KTO63

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $192680810.22

**Total Liabilities:** $153502.38

**Net Assets:** $192527307.84

**Cash Not Reported:** $9010259.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259984 | 0.41%                | 3.47%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $675626.74               | $-124516.30                                |
| Month 2  | $1224148.57              | $4353922.71                                |
| Month 3  | $942851.20               | $-973976.24                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALPHABET INC.                                    | ALPHABET INC-CL C COMMON STOCK                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     10847 | NS      | $2641786.85   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORPORATION                                  | LKQ CORP COMMON STOCK                         | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               |  | US        |     82736 | NS      | $2526757.44   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                   | CITIGROUP INC COMMON STOCK                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |     55314 | NS      | $5614371.00   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS, INC.                         | EQUITABLE HOLDINGS INC COMMON STOCK           | CUSIP: N/A<br>LEI: 549300FIBAKMNHPZ4009       | Long             | EC               |  | US        |     73780 | NS      | $3746548.40   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                       | CRH PLC COMMON STOCK                          | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               |  | US        |     83567 | NS      | $10019683.30  | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PUBLIC LIMITED COMPANY                      | ICON PLC COMMON STOCK                         | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               |  | US        |     26263 | NS      | $4596025.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                            | TD SYNNEX CORP COMMON STOCK                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               |  | US        |     25596 | NS      | $4191345.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                            | GILEAD SCIENCES INC COMMON STOCK              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |     28040 | NS      | $3112440.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                           | TRANE TECHNOLOGIES PLC COMMON STOCK           | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               |  | US        |      9062 | NS      | $3823801.52   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD.                                        | FLEX LTD COMMON STOCK                         | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               |  | US        |     71691 | NS      | $4155927.27   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                                | T-MOBILE US INC COMMON STOCK                  | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |     19440 | NS      | $4653547.20   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                            | ELEVANCE HEALTH INC COMMON STOCK              | CUSIP: N/A<br>LEI: 8MYN82XMYQH89CTMTH67       | Long             | EC               |  | US        |     11487 | NS      | $3711679.44   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors N.V.                          | NXP SEMICONDUCTORS NV COMMON STOCK            | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               |  | US        |     12685 | NS      | $2888755.05   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY          | SMURFIT WESTROCK PLC COMMON STOCK             | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               |  | US        |    101925 | NS      | $4338947.25   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                              | COMCAST CORP-CLASS A COMMON STOCK             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |    178799 | NS      | $5617864.58   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                | CONSTELLATION ENERGY COMMON STOCK             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               |  | US        |     18694 | NS      | $6151634.58   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                                    | HOLOGIC INC COMMON STOCK                      | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               |  | US        |     40870 | NS      | $2758316.30   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company      | WILLIS TOWERS WATSON PLC COMMON STOCK         | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               |  | US        |     20865 | NS      | $7207814.25   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                              | CISCO SYSTEMS INC COMMON STOCK                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     27300 | NS      | $1867866.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL PUBLIC LIMITED COMPANY | WEATHERFORD INTERNATIONAL PL COMMON STOCK     | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               |  | US        |     52440 | NS      | $3588469.20   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                      | BANK OF AMERICA CORP COMMON STOCK             | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | EC               |  | US        |    143447 | NS      | $7400430.73   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC.                                      | KENVUE INC COMMON STOCK                       | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               |  | US        |     79899 | NS      | $1296760.77   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP, INC.                                 | CBRE GROUP INC - A COMMON STOCK               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               |  | US        |     36330 | NS      | $5724154.80   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC.                        | FERGUSON ENTERPRISES INC COMMON STOCK         | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               |  | US        |     27069 | NS      | $6079156.02   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO. INC.                                   | KKR & CO INC COMMON STOCK                     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               |  | US        |     24030 | NS      | $3122698.50   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PUBLIC LIMITED COMPANY                   | PENTAIR PLC COMMON STOCK                      | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               |  | US        |     40751 | NS      | $4513580.76   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS, INC.                   | WYNDHAM HOTELS & RESORTS INC COMMON STOCK     | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               |  | US        |     33734 | NS      | $2695346.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                        | Nexstar Media Group Inc COMMON STOCK          | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               |  | US        |      8953 | NS      | $1770366.22   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                     | UNILEVER PLC-SPONSORED ADR DEPOSITARY RECEIPT | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               |  | US        |    114209 | NS      | $6770309.52   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS, INC.                          | WASTE CONNECTIONS INC COMMON STOCK            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               |  | US        |     12204 | NS      | $2145463.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HOLDINGS INC.                            | LABCORP HOLDINGS INC COMMON STOCK             | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               |  | US        |     15041 | NS      | $4317669.46   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                          | APPLIED MATERIALS INC COMMON STOCK            | CUSIP: N/A<br>LEI: 41BNNE1AFPNAZELZ6K07       | Long             | EC               |  | US        |     20718 | NS      | $4241803.32   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORPORATION                                | MASCO CORP COMMON STOCK                       | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               |  | US        |     41593 | NS      | $2927731.27   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                        | SANOFI-ADR DEPOSITARY RECEIPT                 | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               |  | US        |    168855 | NS      | $7969956.00   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                                | SCHLUMBERGER NV COMMON STOCK                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               |  | US        |    185197 | NS      | $6365220.89   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP, INC.               | AMERICAN INTERNATIONAL GROUP COMMON STOCK     | CUSIP: N/A<br>LEI: ODVCVCQG2BP6VHV36M30       | Long             | EC               |  | US        |     82173 | NS      | $6453867.42   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PUBLIC LIMITED COMPANY                 | MEDTRONIC PLC COMMON STOCK                    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               |  | US        |     25878 | NS      | $2464620.72   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC.     | FIDELITY NATIONAL INFO SERVICES COMMON STOCK  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               |  | US        |     77491 | NS      | $5109756.54   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                            | CARDINAL HEALTH INC COMMON STOCK              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |     43941 | NS      | $6896979.36   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                              | EXPEDIA GROUP INC COMMON STOCK                | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               |  | US        |     11091 | NS      | $2370701.25   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL TECHNOLOGIES INC.                           | DELL TECHNOLOGIES -C COMMON STOCK             | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               |  | US        |     40172 | NS      | $5695184.44   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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