ADVISORS INNER CIRCLE FD III

Ticker: GQGU CUSIP: 00775Y256 Class: GQG US EQUITY ET

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (11)

Opal Wealth Advisors, LLC
Value ($000) $844 Shares 34,398
Elyxium Wealth, LLC
Value ($000) $342 Shares 13,921
CWC Advisors, LLC.
Value ($000) $211 Shares 8,597
EVOKE WEALTH, LLC
Value ($000) $2,784 Shares 112,259
FORVIS Wealth Advisors, LLC
Value ($000) $2,505 Shares 101,998
Prostatis Group LLC
Value ($000) $203 Shares 8,250
Waverly Advisors, LLC
Value ($000) $2,332 Shares 94,989
RAYMOND JAMES FINANCIAL INC
Value ($000) $9,156 Shares 372,963
Stratos Wealth Partners, LTD.
Value ($000) $216 Shares 8,800
JANE STREET GROUP, LLC
Value ($000) $225 Shares 9,185
Litman Gregory Wealth Management LLC
Value ($000) $17 Shares 700

Increased Positions (9)

Legacy Advisors, LLC
Value ($000) $20,708 (+512.9%) Shares 835,454 (+524.4%)
TECTONIC ADVISORS LLC
Value ($000) $69,403 (+0.0%) Shares 2,827,015 (+2.9%)
Essex Financial Services, Inc.
Value ($000) $1,489 (+328.5%) Shares 60,656 (+340.7%)
IFP Advisors, Inc
Value ($000) $2,063 (+8086.9%) Shares 84,037 (+8320.5%)
TPG Advisors LLC
Value ($000) $290 (+27.2%) Shares 11,810 (+30.8%)
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
Value ($000) $8,371 (+19.9%) Shares 344,155 (+24.9%)
Steward Partners Investment Advisory, LLC
Value ($000) $190 (+99.5%) Shares 7,747 (+105.2%)
ROYAL BANK OF CANADA
Value ($000) $673 (+16.0%) Shares 27,394 (+19.3%)
PITTENGER & ANDERSON INC
Value ($000) $730 (-0.3%) Shares 29,750 (+2.6%)

Decreased Positions (2)

Visionary Wealth Advisors
Value ($000) $257 (-91.6%) Shares 10,469 (-91.3%)
AXXCESS WEALTH MANAGEMENT, LLC
Value ($000) $238 (-95.2%) Shares 9,687 (-95.1%)

Exited Positions (4)

PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV
Value ($000) $361 Shares 14,295
PRINCIPAL SECURITIES, INC.
Value ($000) $3,456 Shares 136,859
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $2,375 Shares 94,051
UBS Group AG
Value ($000) $72 Shares 2,835