| THE ADVISORS’ INNER CIRCLE | EDGEWOOD GROWTH FUND |
| June 30, 2023 (Unaudited) | |
| SCHEDULE OF INVESTMENTS |
| COMMON STOCK†† — 95.9% |
| Shares | Value | |||||||
| BUSINESS SERVICES — 6.9% | ||||||||
| Visa Inc., Cl A (A) | 5,173,244 | $ | 1,228,541,985 | |||||
| COMMUNICATION SERVICES — 6.2% | ||||||||
| Netflix Inc.* | 2,528,806 | 1,113,913,755 | ||||||
| CONSUMER DISCRETIONARY — 15.3% | ||||||||
| Airbnb Inc., Cl A* (A) | 4,885,819 | 626,166,563 | ||||||
| Chipotle Mexican Grill Inc., Cl A* | 394,867 | 844,620,513 | ||||||
| Lululemon Athletica Inc.* | 1,634,980 | 618,839,930 | ||||||
| Nike Inc., Cl B | 5,691,264 | 628,144,808 | ||||||
| 2,717,771,814 | ||||||||
| CONSUMER STAPLES — 4.4% | ||||||||
| The Estée Lauder Companies Inc., Cl A | 3,991,273 | 783,806,192 | ||||||
| FINANCIALS — 8.4% | ||||||||
| Blackstone Inc. | 7,865,463 | 731,252,095 | ||||||
| S&P Global Inc. | 1,903,737 | 763,189,126 | ||||||
| 1,494,441,221 | ||||||||
| HEALTH CARE — 18.5% | ||||||||
| Align Technology Inc.* | 1,710,404 | 604,867,270 | ||||||
| Danaher Corp | 3,214,011 | 771,362,640 | ||||||
| Eli Lilly & Co. | 1,073,907 | 503,640,905 | ||||||
| Illumina Inc.* | 2,916,839 | 546,878,144 | ||||||
| Intuitive Surgical Inc.* | 2,518,249 | 861,090,063 | ||||||
| 3,287,839,022 | ||||||||
| INFORMATION TECHNOLOGY — 33.1% | ||||||||
| Adobe Inc.* | 1,871,506 | 915,147,719 | ||||||
| ASML Holding NV, Cl G | 1,309,402 | 948,989,100 | ||||||
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| THE ADVISORS’ INNER CIRCLE | EDGEWOOD GROWTH FUND |
| June 30, 2023 (Unaudited) | |
| COMMON STOCK†† — continued |
| Shares | Value | |||||||
| INFORMATION TECHNOLOGY — continued | ||||||||
| Intuit Inc. | 2,005,818 | $ | 919,045,749 | |||||
| Microsoft Corp | 2,756,950 | 938,851,753 | ||||||
| NVIDIA Corp | 2,840,158 | 1,201,443,637 | ||||||
| ServiceNow Inc.* | 1,720,513 | 966,876,691 | ||||||
| 5,890,354,649 | ||||||||
| REAL ESTATE — 3.1% | ||||||||
| American Tower Corp, Cl A ‡ | 2,887,083 | 559,920,877 | ||||||
| TOTAL COMMON STOCK | ||||||||
| (Cost $9,258,996,028) | 17,076,589,515 | |||||||
| SHORT-TERM INVESTMENTS — 10.0% | ||||||||
| Fidelity Institutional Money Market Funds - Government Portfolio, Cl I, 4.990% (B) | 689,381,003 | 689,381,002 | ||||||
| Mount Vernon Liquid Assets Portfolio, LLC, 5.220% (B)(C) | 1,085,679,690 | 1,085,679,690 | ||||||
| TOTAL SHORT-TERM INVESTMENTS | ||||||||
| (Cost $1,775,060,692) | 1,775,060,692 | |||||||
| TOTAL INVESTMENTS — 105.9% | ||||||||
| (Cost $11,034,056,720) | $ | 18,851,650,207 | ||||||
| Percentages are based on Net Assets of $17,803,324,783. | |
| * | Non-income producing security. |
| ‡ | Real Estate Investment Trust (REIT) |
| †† | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |
| (A) | This security or a partial position of this security is on loan at June 30, 2023. The total market value of securities on loan at June 30, 2023 was $1,077,651,179. |
| (B) | The rate reported is the 7-day effective yield as of June 30, 2023. |
| (C) | This security was purchased with cash collateral held from securities on loan. |
Cl — Class
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| THE ADVISORS’ INNER CIRCLE | EDGEWOOD GROWTH FUND |
| June 30, 2023 (Unaudited) | |
EMC-QH-001-3600
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