# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-25-157207
**Filing Date:** 2025-6
**Character Count:** 16563
**Document Hash:** 64c192b825ead5b6195593bfcccbd91e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157207.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157207

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**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:** 251076031

**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:** 2025-04-30

**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:** $1109259140.82

**Total Liabilities:** $8830255.15

**Net Assets:** $1100428885.67

**Cash Not Reported:** $8266.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000086651 | 5.63%                | -9.74%               | -2.62%               |
| Class ID C000086650 | 5.60%                | -9.70%               | -2.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32029777.74             | $27127344.94                               |
| Month 2  | $7089665.23              | $-125129538.95                             |
| Month 3  | $6623210.24              | $-38927841.54                              |

### 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        |    141945 | NS      | $34207325.55  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                      | SIKA AG-REG COMMON STOCK                       | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               |  | CH        |    100934 | NS      | $25224173.87  | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NETFLIX, INC.                                | NETFLIX INC COMMON STOCK                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |     58318 | NS      | $65999646.96  | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE, INC.                             | CLOUDFLARE INC - CLASS A COMMON STOCK          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               |  | US        |    167571 | NS      | $20239225.38  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                 | SHOPIFY INC - CLASS A COMMON STOCK             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | US        |    270667 | NS      | $25713365.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LIMITED                        | BAJAJ FINANCE LTD COMMON STOCK                 | CUSIP: Y05473122<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               |  | IN        |    302470 | NS      | $30863000.39  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD N.V.                                    | IMCD NV COMMON STOCK                           | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               |  | NL        |    124161 | NS      | $16511003.00  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| SERVICENOW, INC.                             | SERVICENOW INC COMMON STOCK                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |     38148 | NS      | $36431721.48  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                           | MERCADOLIBRE INC COMMON STOCK                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |     24886 | NS      | $58005533.10  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                  | SAMSARA INC-CL A COMMON STOCK                  | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               |  | US        |    466064 | NS      | $18484098.24  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORPORATION                         | REPLIGEN CORP COMMON STOCK                     | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               |  | US        |     86205 | NS      | $11895427.95  | 1.08%             |  |  |  | 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        |     95556 | NS      | $11322134.30  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBNB, INC.                                 | AIRBNB INC-CLASS A COMMON STOCK                | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               |  | US        |     63288 | NS      | $7716072.96   | 0.70%             |  |  |  | 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        |     22750 | NS      | $15198820.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN COMPANY LIMITED                        | TITAN CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: 549300RO9VJWPK37FE54       | Long             | EC               |  | IN        |    770356 | NS      | $30777260.92  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKE, INC.                                   | NIKE INC -CL B COMMON STOCK                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               |  | US        |    249294 | NS      | $14060181.60  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC-CL C COMMON STOCK                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     41609 | NS      | $6694472.01   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                    | VISA INC-CLASS A SHARES COMMON STOCK           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |    146824 | NS      | $50727692.00  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                     | INTUITIVE SURGICAL INC COMMON STOCK            | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |     36412 | NS      | $18781309.60  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                                 | DEXCOM INC COMMON STOCK                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               |  | US        |    336793 | NS      | $24040284.34  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                   | BUILDERS FIRSTSOURCE INC COMMON STOCK          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               |  | US        |     70261 | NS      | $8405323.43   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                      | SPOTIFY TECHNOLOGY SA COMMON STOCK             | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               |  | US        |     54670 | NS      | $33566286.60  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM TECHNOLOGIES, INC.                   | IRHYTHM TECHNOLOGIES INC COMMON STOCK          | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               |  | US        |    201441 | NS      | $21532028.49  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                            | HDFC BANK LIMITED COMMON STOCK                 | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               |  | IN        |   1225118 | NS      | $27827275.47  | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen N.V.                                   | ADYEN NV COMMON STOCK                          | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               |  | NL        |     25039 | NS      | $40518414.19  | 3.68%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRISE, INC.                        | AXON ENTERPRISE INC COMMON STOCK               | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               |  | US        |     77185 | NS      | $47337560.50  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                  | PANDORA A/S COMMON STOCK                       | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               |  | DK        |    126431 | NS      | $18820898.13  | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                        | ATLASSIAN CORP-CL A COMMON STOCK               | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               |  | US        |     90084 | NS      | $20567078.04  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYENCE CORPORATION                          | KEYENCE CORP COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               |  | JP        |     86300 | NS      | $36081307.99  | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| DOORDASH, INC.                               | DOORDASH INC - A COMMON STOCK                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               |  | US        |    202836 | NS      | $39125036.04  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                           | NVIDIA CORP COMMON STOCK                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |    628882 | NS      | $68497827.44  | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                                   | ZALANDO SE COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               |  | DE        |    623755 | NS      | $22777191.15  | 2.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMAZON.COM, INC.                             | AMAZON.COM INC COMMON STOCK                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |    272397 | NS      | $50235454.74  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BROWN BROTHERS HARRIMAN SWEEP INTEREST         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  44967040 | PA      | $44967040.35  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                | ALPHABET INC-CL A COMMON STOCK                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |    211311 | NS      | $33556186.80  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC.                               | DOLLARAMA INC COMMON STOCK                     | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               |  | CA        |    175215 | NS      | $21619085.67  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH, INC.                             | TETRA TECH INC COMMON STOCK                    | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               |  | US        |    274416 | NS      | $8559035.04   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               |  | US        |    131764 | NS      | $21963741.16  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK, INC.                                  | BLOCK INC COMMON STOCK                         | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               |  | US        |    334306 | NS      | $19546871.82  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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