ADVISORS INNER CIRCLE FD III

Ticker: BASV CUSIP: 00775Y264 Class: BROWN ADVISORY

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

TRED AVON FAMILY WEALTH, LLC

Value ($000) $274 Shares 9,849

JANE STREET GROUP, LLC

Value ($000) $211 Shares 7,598

BANK OF AMERICA CORP /DE/

Value ($000) $74 Shares 2,655

Institution	Shares	Value ($000)
TRED AVON FAMILY WEALTH, LLC	9,849	$274
JANE STREET GROUP, LLC	7,598	$211
BANK OF AMERICA CORP /DE/	2,655	$74

Increased Positions (1)

BROWN ADVISORY INC

Value ($000) $256,807 (+40.3%) Shares 9,247,637 (+36.0%)

Institution	Prev Shares	Curr Shares	Change
BROWN ADVISORY INC	6,800,151	9,247,637	+2,447,486 (+36.0%)

Exited Positions (1)

Value ($000) $89 Shares 3,295

Institution	Prev Shares	Prev Value ($000)
UBS Group AG	3,295	$89