# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0001752724-23-047367
**Filing Date:** 2023-2
**Character Count:** 16355
**Document Hash:** b59138bb377c9222535c9be769575404
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047367.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047367

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 23684594

**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

### EDGEWOOD GROWTH FUND (Series ID: S000011838)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000032340 | INSTITUTIONAL CLASS SHARES | EGFIX           |
| C000032341 | RETAIL CLASS SHARES        | EGFFX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE** | **EDGEWOOD GROWTH FUND** |
|  | **December 31, 2022 *(Unaudited)*** |

---

---

| |
|:---|
| **SCHEDULE OF INVESTMENTS** |
| **COMMON STOCK†† — 98.5%** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **BUSINESS SERVICES — 7.2%** | | |
| &nbsp;&nbsp;&nbsp;Visa Inc., Cl A (A) | 5109983 | $1061650068 |
| **COMMUNICATION SERVICES — 7.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Match Group Inc.\* | 8648235 | 358815270 |
| &nbsp;&nbsp;&nbsp;Netflix Inc.\* | 2683623 | 791346751 |
|  |  | 1150162021 |
| **CONSUMER DISCRETIONARY — 15.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com Inc.\* | 4179201 | 351052884 |
| &nbsp;&nbsp;&nbsp;Chipotle Mexican Grill Inc., Cl A\* | 477242 | 662168503 |
| &nbsp;&nbsp;&nbsp;Lululemon Athletica\* (A) | 1343645 | 430476985 |
| &nbsp;&nbsp;&nbsp;Nike Inc., Cl B | 6746814 | 789444706 |
|  |  | 2233143078 |
| **CONSUMER STAPLES — 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp;The Estée Lauder Companies Inc., Cl A | 3374856 | 837335522 |
| **FINANCIALS — 10.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Blackstone Inc. (A) | 6067037 | 450113475 |
| &nbsp;&nbsp;&nbsp;CME Group Inc., Cl A | 2117464 | 356072746 |
| &nbsp;&nbsp;&nbsp;S&P Global Inc. (A) | 2016655 | 675458426 |
|  |  | 1481644647 |
| **HEALTH CARE — 19.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Align Technology Inc.\* | 1810020 | 381733218 |
| &nbsp;&nbsp;&nbsp;Danaher Corp. | 3015467 | 800365251 |
| &nbsp;&nbsp;&nbsp;Illumina Inc.\* | 3446290 | 696839838 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical Inc.\* | 3547029 | 941204145 |
|  |  | 2820142452 |
| **INFORMATION TECHNOLOGY — 29.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe Inc.\* | 2101502 | 707218468 |

---

**1**

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE** | **EDGEWOOD GROWTH FUND** |
|  | **December 31, 2022 *(Unaudited)*** |

---

**COMMON STOCK†† — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INFORMATION TECHNOLOGY — continued** | | |
| &nbsp;&nbsp;&nbsp;ASML Holding NV | 1281069 | $699976101 |
| &nbsp;&nbsp;&nbsp;Intuit Inc. | 1965432 | 764985443 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | 2474302 | 593387106 |
| &nbsp;&nbsp;&nbsp;NVIDIA Corp. | 5912791 | 864095277 |
| &nbsp;&nbsp;&nbsp;ServiceNow Inc.\* | 1822400 | 707583248 |
|  |  | 4337245643 |
| **REAL ESTATE — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;American Tower Corp., Cl A ‡ | 2743801 | 581301680 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK<br> (Cost $9,877,009,332) |  | 14502625111 |
| **SHORT-TERM INVESTMENTS — 5.1%** |  |  |
| **Fidelity Institutional Money Market Funds - Government Portfolio,**  |  |  |
| &nbsp;&nbsp;&nbsp;Cl I, 4.014% (B) | 288233756 | 288233756 |
| Mount Vernon Liquid Assets Portfolio, LLC, 1.640% (B)(C) | 459764031 | 459764031 |
| TOTAL Short-Term Investments <br>(Cost $747,997,787) |  | 747997787 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL INVESTMENTS — 103.6%<br> (Cost $10,625,007,119) |  | $15250622898 |

---

*Percentages are based on Net Assets of $14,727,802,438.*

*††* *More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.*

*\** *Non-income producing security.*

*‡* *Real Estate Investment Trust (REIT)* 

*(A)* *This security or a partial position of this security is on loan at December 31, 2022. The total market value of securities on loan at December 31, 2022 was $449,655,726.* 

*(B)* *The rate reported is the 7-day effective yield as of December 31, 2022.* 

*(C)* *This security was purchased with cash collateral held from securities on loan.* 

**2**

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE** | **EDGEWOOD GROWTH FUND** |
|  | **December 31, 2022** *(Unaudited)* |

---

*Cl — Class*

*LLC — Limited Liability Company*

*For information regarding the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual and annual financial statements.*

 

*EMC-QH-001-3500*

**3**

## 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:** Edgewood Growth Fund

- **b. EDGAR series identifier (if any):** S000011838

- **c. LEI of Series:** 549300F6U65EN4C6RB79

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $15271831416.58

**Total Liabilities:** $543653823.94

**Net Assets:** $14728177592.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032341 | -5.50%               | 7.71%                | 7.16%                |
| Class ID C000032340 | -5.49%               | 7.76%                | 7.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $140445405.23            | $-1082830455.27                            |
| Month 2  | $-56026153.72            | $1311277445.22                             |
| Month 3  | $5496040.60              | $1144623093.48                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN TOWER CORPORATION                                             | AMERICAN TOWER CORP REIT                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |   2743801 | NS      | $581301679.86  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                                             | ADOBE INC COMMON STOCK                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               |  | US        |   2101502 | NS      | $707218468.06  | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                                               | INTUITIVE SURGICAL INC COMMON STOCK              | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |   3547029 | NS      | $941204145.15  | 6.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                                  | MICROSOFT CORP COMMON STOCK                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |   2474302 | NS      | $593387105.64  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA, INC.                                                         | ILLUMINA INC COMMON STOCK                        | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               |  | US        |   3446290 | NS      | $696839838.00  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MOUNT VERNON LIQUID ASSETS PORTFOLIO                                   | MOUNT VERNON LIQUID ASSETS PORTFOLIO             | CUSIP: 990VR1110<br>LEI: N/A                  | Long             | STIV             |  | US        | 459764031 | PA      | $459764031.29  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                                                       | SERVICENOW INC COMMON STOCK                      | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |   1822400 | NS      | $707583248.00  | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                                                      | MATCH GROUP INC COMMON STOCK                     | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               |  | US        |   8648235 | NS      | $358815270.15  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                       | AMAZON.COM INC COMMON STOCK                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |   4179201 | NS      | $351052884.00  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                                     | NVIDIA CORP COMMON STOCK                         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |   5912791 | NS      | $864095276.74  | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ESTEE LAUDER COMPANIES INC.                                        | ESTEE LAUDER COMPANIES-CL A COMMON STOCK         | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               |  | US        |   3374856 | NS      | $837335522.16  | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                                                    | DANAHER CORP COMMON STOCK                        | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               |  | US        |   3015467 | NS      | $800365251.14  | 5.43%             |  |  |  | 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        |   1281069 | NS      | $699976101.60  | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                                                        | S&P GLOBAL INC COMMON STOCK                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |   2016655 | NS      | $675458425.70  | 4.59%             |  |  |  | No            |                  1 | On Loan: —       |
| VISA INC.                                                              | VISA INC-CLASS A SHARES COMMON STOCK             | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |   5109983 | NS      | $1061650068.08 | 7.21%             |  |  |  | No            |                  1 | On Loan: —       |
| CHIPOTLE MEXICAN GRILL, INC.                                           | CHIPOTLE MEXICAN GRILL INC COMMON STOCK          | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               |  | US        |    477242 | NS      | $662168502.58  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                                         | CME GROUP INC COMMON STOCK                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |   2117464 | NS      | $356072746.24  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                                          | NETFLIX INC COMMON STOCK                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |   2683623 | NS      | $791346750.24  | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                                                 | ALIGN TECHNOLOGY INC COMMON STOCK                | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               |  | US        |   1810020 | NS      | $381733218.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                                            | INTUIT INC COMMON STOCK                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |   1965432 | NS      | $764985443.04  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                                         | BLACKSTONE INC COMMON STOCK                      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               |  | US        |   6067037 | NS      | $450113475.03  | 3.06%             |  |  |  | No            |                  1 | On Loan: —       |
| LULULEMON ATHLETICA INC.                                               | LULULEMON ATHLETICA INC COMMON STOCK             | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               |  | US        |   1343645 | NS      | $430476985.10  | 2.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Fidelity Colchester Street Trust: Government Portfolio; Class I Shares | FIDELITY GOVERNMENT MONEY MARKET CLASS I (FIGXX) | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             |  | US        | 288233756 | PA      | $288233755.70  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKE, INC.                                                             | NIKE INC -CL B COMMON STOCK                      | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               |  | US        |   6746814 | NS      | $789444706.14  | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO