# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-25-210995
**Filing Date:** 2025-8
**Character Count:** 15486
**Document Hash:** 5cc8aafd900b7f47186dea7eb7f0d057
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210995.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210995

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**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:** 251269920

**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

### STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF (Series ID: S000075078)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000233882 | STRATEGAS MACRO THEMATIC OPPORTUNITIES ETF | SAMT            |

## 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:** Strategas Macro Thematic Opportunities ETF

- **b. EDGAR series identifier (if any):** S000075078

- **c. LEI of Series:** 549300MMS7W4O6FEF809

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $182775430.54

**Total Liabilities:** $87100.48

**Net Assets:** $182688330.06

**Cash Not Reported:** $14852192.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233882 | 6.17%                | 9.68%                | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2757488.67              | $7469911.82                                |
| Month 2  | $884871.05               | $12276240.98                               |
| Month 3  | $-3089732.52             | $4790244.65                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBOTT LABORATORIES                        | ABBOTT LABORATORIES COMMON STOCK          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |     24909 | NS      | $3387873.09   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                      | AECOM COMMON STOCK                        | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               |  | US        |     41733 | NS      | $4709986.38   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                         | ALTRIA GROUP INC COMMON STOCK             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |     62955 | NS      | $3691051.65   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                    | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |     13400 | NS      | $6509318.00   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA, INC.                              | CENCORA INC COMMON STOCK                  | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               |  | US        |     22260 | NS      | $6674661.00   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                      | CHENIERE ENERGY INC COMMON STOCK          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               |  | US        |     21722 | NS      | $5289741.44   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                  | CIRCLE INTERNET GROUP INC COMMON STOCK    | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               |  | US        |     14360 | NS      | $2603324.40   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION | COGNIZANT TECH SOLUTIONS-A COMMON STOCK   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |     31725 | NS      | $2475501.75   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.          | CONSTELLATION ENERGY COMMON STOCK         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               |  | US        |     11096 | NS      | $3581344.96   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION               | COSTCO WHOLESALE CORP COMMON STOCK        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               |  | US        |      7405 | NS      | $7330505.70   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                               | COURSERA INC COMMON STOCK                 | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               |  | US        |    277526 | NS      | $2431127.76   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                 | CROWDSTRIKE HOLDINGS INC - A COMMON STOCK | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               |  | US        |      9036 | NS      | $4602125.16   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                        | ENTERGY CORP COMMON STOCK                 | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               |  | US        |     76141 | NS      | $6328839.92   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORPORATION                            | EQT CORP COMMON STOCK                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               |  | US        |     75628 | NS      | $4410624.96   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                            | GE VERNOVA INC COMMON STOCK               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               |  | US        |      7221 | NS      | $3820992.15   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-3 Month Treasury Bond ETF        | ISHARES 0-3 MONTH TREASURY B MUTUAL FUND  | CUSIP: 46436E718<br>LEI: N/A                  | Long             | EC               | RF                | US        |     43574 | NS      | $4387466.06   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                       | JPMORGAN CHASE & CO COMMON STOCK          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |     16256 | NS      | $4712776.96   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                       | META PLATFORMS INC COMMON STOCK           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |      7255 | NS      | $5354842.95   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                      | MICROSOFT CORP COMMON STOCK               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     10022 | NS      | $4985043.02   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA, INC.                               | NATERA INC COMMON STOCK                   | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               |  | US        |     15571 | NS      | $2630564.74   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                              | NETFLIX INC COMMON STOCK                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               |  | US        |      3480 | NS      | $4660172.40   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuscale Power Corp                         | NUSCALE POWER CORP COMMON STOCK           | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               |  | US        |     54644 | NS      | $2161716.64   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                  | O'REILLY AUTOMOTIVE INC COMMON STOCK      | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               |  | US        |     33357 | NS      | $3006466.41   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                   | OKLO INC COMMON STOCK                     | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               |  | US        |     33257 | NS      | $1862059.43   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                 | PALANTIR TECHNOLOGIES INC-A COMMON STOCK  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               |  | US        |     37599 | NS      | $5125495.68   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs PBC                            | PLANET LABS PBC COMMON STOCK              | CUSIP: 72703X106<br>LEI: N/A                  | Long             | EC               |  | US        |    482637 | NS      | $2944085.70   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                | PROGRESSIVE CORP COMMON STOCK             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |     10700 | NS      | $2855402.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                      | QUANTA SERVICES INC COMMON STOCK          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               |  | US        |     16144 | NS      | $6103723.52   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                    | REPUBLIC SERVICES INC COMMON STOCK        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               |  | US        |     13835 | NS      | $3411849.35   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS, INC.                    | ROBINHOOD MARKETS INC - A COMMON STOCK    | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               |  | US        |     80090 | NS      | $7498826.70   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB USA, INC.                       | ROCKET LAB CORP COMMON STOCK              | CUSIP: 773121108<br>LEI: 254900B4DEYFZJ980A14 | Long             | EC               |  | US        |    262358 | NS      | $9384545.66   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                    | SPOTIFY TECHNOLOGY SA COMMON STOCK        | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               |  | US        |      6276 | NS      | $4815825.84   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust                 | SPROTT PHYSICAL GOLD TRUST MUTUAL FUND    | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               |  | US        |    274682 | NS      | $6963188.70   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                          | TALEN ENERGY CORP COMMON STOCK            | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               |  | US        |     13338 | NS      | $3878290.26   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL TECHNICAL INSTITUTE, INC.        | UNIVERSAL TECHNICAL INSTITUT COMMON STOCK | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               |  | US        |    140331 | NS      | $4755817.59   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| US Treasury 3 Month Bill ETF               | US TREASURY 3 MONTH BILL ETF MUTUAL FUND  | CUSIP: 74933W452<br>LEI: N/A                  | Long             | EC               | RF                | US        |     87751 | NS      | $4387111.25   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                         | VERTIV HOLDINGS CO-A COMMON STOCK         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               |  | US        |     32090 | NS      | $4120676.90   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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