# EDGAR Filing Document

**Accession Number:** 0000890540
**File Stem:** 0002048251-25-000648
**Filing Date:** 2025-9
**Character Count:** 17050
**Document Hash:** 54a6da7f30a88f6cb017fe42658b4929
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000648.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0002048251-25-000648

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund II
- **CENTRAL INDEX KEY:** 0000890540

**ORGANIZATION NAME:**
- **EIN:** 233040006
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07102
- **FILM NUMBER:** 251353032

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 6106761000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Advisors Inner Circle Fund II
- **DATE OF NAME CHANGE:** 20041029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARBOR FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### CastleArk Large Growth ETF (Series ID: S000083184)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000246700 | CastleArk Large Growth ETF | CARK            |

## Nport-Ex

![](fp0095434-1_01.jpg)

CastleArk Large Growth ETF July 31, 2025 (Unaudited)

**SCHEDULE OF INVESTMENTS** 

**COMMON STOCK — 98.8%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMUNICATION SERVICES — 16.2%** | **COMMUNICATION SERVICES — 16.2%** | **COMMUNICATION SERVICES — 16.2%** |
| &nbsp;&nbsp;&nbsp;Alphabet, Cl A | 76814 | $14740607 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 30174 | 23337778 |
| &nbsp;&nbsp;&nbsp;Netflix \* | 11167 | 12947020 |
| &nbsp;&nbsp;&nbsp;Spotify Technology \* | 6467 | 4051834 |
|  |  | 55077239 |
| **CONSUMER DISCRETIONARY — 8.1%** | **CONSUMER DISCRETIONARY — 8.1%** | **CONSUMER DISCRETIONARY — 8.1%** |
| &nbsp;&nbsp;&nbsp;Amazon.com \* | 110953 | 25975207 |
| &nbsp;&nbsp;&nbsp;Ferrari | 3398 | 1506639 |
|  |  | 27481846 |
| **CONSUMER STAPLES — 2.0%** | **CONSUMER STAPLES — 2.0%** | **CONSUMER STAPLES — 2.0%** |
| &nbsp;&nbsp;&nbsp;Philip Morris International | 41947 | 6881405 |
| **FINANCIALS — 11.9%** | **FINANCIALS — 11.9%** | **FINANCIALS — 11.9%** |
| &nbsp;&nbsp;&nbsp;Blackstone | 41012 | 7093435 |
| &nbsp;&nbsp;&nbsp;Charles Schwab | 102720 | 10038826 |
| &nbsp;&nbsp;&nbsp;Mastercard, Cl A | 20817 | 11792206 |
| &nbsp;&nbsp;&nbsp;Visa, Cl A | 33162 | 11456476 |
|  |  | 40380943 |
| **HEALTH CARE — 5.8%** | **HEALTH CARE — 5.8%** | **HEALTH CARE — 5.8%** |
| &nbsp;&nbsp;&nbsp;Dexcom \* | 61060 | 4931816 |
| &nbsp;&nbsp;&nbsp;Eli Lilly | 9105 | 6738338 |
| &nbsp;&nbsp;&nbsp;Insulet \* | 9490 | 2736916 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical \* | 11043 | 5312677 |
|  |  | 19719747 |
| **INDUSTRIALS — 6.1%** | **INDUSTRIALS — 6.1%** | **INDUSTRIALS — 6.1%** |
| &nbsp;&nbsp;&nbsp;Eaton PLC | 8640 | 3323981 |
| &nbsp;&nbsp;&nbsp;GE Vernova | 5260 | 3473125 |
| &nbsp;&nbsp;&nbsp;Trane Technologies PLC | 15590 | 6829667 |

---

![](fp0095434-1_01.jpg)

CastleArk Large Growth ETF July 31, 2025 (Unaudited)

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **INDUSTRIALS — continued** | **INDUSTRIALS — continued** | **INDUSTRIALS — continued** |
| &nbsp;&nbsp;&nbsp;Uber Technologies \* | 37330 | $3275708 |
| &nbsp;&nbsp;&nbsp;Vertiv Holdings, Cl A | 24680 | 3593408 |
|  |  | 20495889 |
| **INFORMATION TECHNOLOGY — 48.7%** | **INFORMATION TECHNOLOGY — 48.7%** | **INFORMATION TECHNOLOGY — 48.7%** |
| &nbsp;&nbsp;&nbsp;Analog Devices | 13370 | 3003303 |
| &nbsp;&nbsp;&nbsp;Apple | 74011 | 15362463 |
| &nbsp;&nbsp;&nbsp;Arista Networks \* | 78976 | 9731423 |
| &nbsp;&nbsp;&nbsp;Broadcom | 11690 | 3433353 |
| &nbsp;&nbsp;&nbsp;Lam Research | 102928 | 9761691 |
| &nbsp;&nbsp;&nbsp;Microchip Technology | 85630 | 5787732 |
| &nbsp;&nbsp;&nbsp;Microsoft | 77098 | 41131783 |
| &nbsp;&nbsp;&nbsp;NVIDIA | 297168 | 52857272 |
| &nbsp;&nbsp;&nbsp;ServiceNow \* | 10756 | 10144199 |
| &nbsp;&nbsp;&nbsp;Shopify, Cl A \* | 57780 | 7061294 |
| &nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 30318 | 6776073 |
|  |  | 165050586 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $243,704,059) |  | 335087655 |
| TOTAL INVESTMENTS— 98.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $243,704,059) |  | $335087655 |

---

---

| | |
|:---|:---|
|  | Percentages are based on Net Assets of $339,110,881. |
| \* | Non-income producing security. |

---

Cl — Class

PLC — Public Limited Company

CSA-NQ-001-0400

## 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 II

- **b. Investment Company Act file number:** 811-07102

- **c. CIK number of Registrant:** 0000890540

- **d. LEI of Registrant:** 549300OEHDTB2ALCAX69

- **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:** CastleArk Large Growth ETF

- **b. EDGAR series identifier (if any):** S000083184

- **c. LEI of Series:** 529900UTHHOX7P2WBB30

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $339228959.89

**Total Liabilities:** $118079.08

**Net Assets:** $339110880.81

**Cash Not Reported:** $4113952.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246700 | 1.99%                | 7.12%                | 7.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7356809.29              | $-880277.72                                |
| Month 2  | $-2657792.53             | $26061461.97                               |
| Month 3  | $2890470.26              | $21575574.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LAM RESEARCH CORPORATION                 | LAM RESEARCH CORP COMMON STOCK           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               |  | US        |    102928 | NS      | $9761691.52   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                          | GE VERNOVA INC COMMON STOCK              | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               |  | US        |      5260 | NS      | $3473125.40   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                  | SPOTIFY TECHNOLOGY SA COMMON STOCK       | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               |  | US        |      6467 | NS      | $4051834.18   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                 | INTUITIVE SURGICAL INC COMMON STOCK      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               |  | US        |     11043 | NS      | $5312676.87   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.         | PHILIP MORRIS INTERNATIONAL COMMON STOCK | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |     41947 | NS      | $6881405.35   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE INC.                          | BLACKSTONE INC COMMON STOCK              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               |  | US        |     41012 | NS      | $7093435.52   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORPORATION                      | INSULET CORP COMMON STOCK                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               |  | US        |      9490 | NS      | $2736916.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                | VISA INC-CLASS A SHARES COMMON STOCK     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |     33162 | NS      | $11456476.14  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY | EATON CORP PLC COMMON STOCK              | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               |  | US        |      8640 | NS      | $3323980.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                     | META PLATFORMS INC COMMON STOCK          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |     30174 | NS      | $23337778.56  | 6.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND COMPANY                    | ELI LILLY & CO COMMON STOCK              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               |  | US        |      9105 | NS      | $6738337.35   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                             | FERRARI NV COMMON STOCK                  | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               |  | US        |      3398 | NS      | $1506639.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                       | VERTIV HOLDINGS CO-A COMMON STOCK        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               |  | US        |     24680 | NS      | $3593408.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED        | MICROCHIP TECHNOLOGY INC COMMON STOCK    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               |  | US        |     85630 | NS      | $5787731.70   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                    | MICROSOFT CORP COMMON STOCK              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     77098 | NS      | $41131783.00  | 12.13%            |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                             | DEXCOM INC COMMON STOCK                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               |  | US        |     61060 | NS      | $4931816.20   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES, INC.                  | UBER TECHNOLOGIES INC COMMON STOCK       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               |  | US        |     37330 | NS      | $3275707.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                         | AMAZON.COM INC COMMON STOCK              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |    110953 | NS      | $25975206.83  | 7.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                            | ALPHABET INC-CL A COMMON STOCK           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     76814 | NS      | $14740606.60  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                    | ARISTA NETWORKS INC COMMON STOCK         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               |  | US        |     78976 | NS      | $9731422.72   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                       | NVIDIA CORP COMMON STOCK                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |    297168 | NS      | $52857272.16  | 15.59%            |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                 | MASTERCARD INC - A COMMON STOCK          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |     20817 | NS      | $11792205.99  | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION           | SCHWAB (CHARLES) CORP COMMON STOCK       | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               |  | US        |    102720 | NS      | $10038825.60  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                           | SNOWFLAKE INC COMMON STOCK               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               |  | US        |     30318 | NS      | $6776073.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                             | SHOPIFY INC - CLASS A COMMON STOCK       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | US        |     57780 | NS      | $7061293.80   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES, INC.                     | ANALOG DEVICES INC COMMON STOCK          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               |  | US        |     13370 | NS      | $3003303.10   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                            | BROADCOM INC COMMON STOCK                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               |  | US        |     11690 | NS      | $3433353.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                               | APPLE INC COMMON STOCK                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               |  | US        |     74011 | NS      | $15362463.27  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                            | NETFLIX INC COMMON STOCK                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |     11167 | NS      | $12947019.80  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                         | SERVICENOW INC COMMON STOCK              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |     10756 | NS      | $10144198.72  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                   | TRANE TECHNOLOGIES PLC COMMON STOCK      | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               |  | US        |     15590 | NS      | $6829667.20   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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