Vault-13

ADVISORS INNER CIRCLE FD III GQGU

GQG US EQUITY ET · ETP · CUSIP 00775Y256

36 institutional holders +13 vs Q4 2025
12,435,07112.4m shares reported held*
$334.6mreported value*
17 new 16 added 3 reduced 3 sold out net bought ≈ $175.3m (+6.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $26.91.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 25: 16Q4 25: 23Q1 26: 3636Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q3 202516
Q4 202523
Q1 202636

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 25: 20 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 33 bought or addedQ1 26: 6 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 2025206
Q1 2026336

Biggest buyers

BENJAMIN EDWARDS INC New +1,928,076+1.9m
RWA WEALTH PARTNERS, LLC New +1,658,676+1.7m
Opal Wealth Advisors, LLC Added +1,493,320+1.5m
Forvis Mazars Wealth Advisors, LLC Added +514,140+514.1k
RAYMOND JAMES FINANCIAL INC Added +430,775+430.8k
Legacy Advisors, LLC Added +122,640+122.6k
TECTONIC ADVISORS LLC Added +82,264+82.3k
NCM Capital Management, LLC New +64,423+64.4k
United Advisor Group, LLC New +48,470+48.5k
Well Done, LLC New +36,397+36.4k

Biggest sellers

CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Reduced -29,500-29.5k
ROYAL BANK OF CANADA Sold out -27,394-27.4k
Elyxium Wealth, LLC Sold out -13,921-13.9k
Visionary Wealth Advisors Sold out -10,469-10.5k
AXXCESS WEALTH MANAGEMENT, LLC Reduced -792-792
PITTENGER & ANDERSON INC Reduced -450-450

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Forvis Mazars Wealth Advisors, LLC 13G · institution new · filed 2026-08-12 6.7% new 1.5m≈ $37.7m 2026-08-12

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TECTONIC ADVISORS LLC 4.14% of their portfolio FRISCO, TX 2,909,2792.9m $78.3m $78.3m 4.14% Added +82.3k +82,264
2 BENJAMIN EDWARDS INC 0.52% of their portfolio Clayton, MO 1,928,0761.9m $51.9m $51.9m 0.52% New
3 RWA WEALTH PARTNERS, LLC 0.49% of their portfolio BOSTON, MA 1,658,6761.7m $44.6m $44.6m 0.49% New
4 Opal Wealth Advisors, LLC 9.29% of their portfolio JERICHO, NY 1,527,7181.5m $41.1m $41.1m 9.29% Added +1.5m +1,493,320
5 Legacy Advisors, LLC 3.04% of their portfolio PLYMOUTH MEETING, PA 958,094958.1k $25.8m $25.8m 3.04% Added +122.6k +122,640
6 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.38% of their portfolio BOSTON, MA 875,949875.9k $23.6m $23.6m 0.38% Reduced -29.5k -29,500
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 803,738803.7k $21.6m $21.6m 0.01% Added +430.8k +430,775
8 Forvis Mazars Wealth Advisors, LLC 0.31% of their portfolio Springfield, MO 616,138616.1k $16.6m $16.6m 0.31% Added +514.1k +514,140
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 346,352346.4k $9.3m $9.3m 0.02% Added +2.2k +2,197
10 EVOKE WEALTH, LLC 0.06% of their portfolio Los Angeles, CA 113,266113.3k $3.0m $3.0m 0.06% Added +1.0k +1,007
11 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 95,28495.3k $2.6m $2.6m 0.02% Added +295 +295
12 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 85,75885.8k $2.3m $2.3m 0.05% Added +1.7k +1,721
13 Essex Financial Services, Inc. 0.11% of their portfolio ESSEX, CT 73,57673.6k $2.0m $2.0m 0.11% Added +12.9k +12,920
14 NCM Capital Management, LLC 0.62% of their portfolio RAMSEY, NJ 64,42364.4k $1.7m $1.7m 0.62% New
15 United Advisor Group, LLC 0.16% of their portfolio CINCINNATI, OH 48,47048.5k $1.3m $1.3m 0.16% New
16 Well Done, LLC 0.14% of their portfolio HOLLAND, MI 36,39736.4k $979.4k $979.4k 0.14% New
17 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 36,30136.3k $976.9k $976.9k 0.01% New
18 PITTENGER & ANDERSON INC 0.03% of their portfolio LINCOLN, NE 29,30029.3k $788.5k $788.5k 0.03% Reduced -450 -450
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 28,97029.0k $779.6k $779.6k 0.00% New
20 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 24,13324.1k $649.4k $649.4k 0.01% Added +15.3k +15,333
21 TPG Advisors LLC 0.35% of their portfolio NORTHFIELD, IL 20,68220.7k $556.6k $556.6k 0.35% Added +8.9k +8,872
22 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 20,20020.2k $543.6k $543.6k 0.00% New
23 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 19,98420.0k $537.8k $537.8k 0.01% New
24 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 13,52413.5k $363.9k $363.9k 0.00% Added +5.8k +5,777
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,80112.8k $344.5k $344.5k 0.00% Added +3.6k +3,616
26 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 12,53412.5k $337.3k $337.3k 0.00% New
27 Prostatis Group LLC 0.08% of their portfolio HANOVER, MD 12,07812.1k $325.0k $325.0k 0.08% Added +3.8k +3,828
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 11,06511.1k $297.8k $297.8k 0.00% New
29 CWC Advisors, LLC. 0.13% of their portfolio LAKE OSWEGO, OR 10,47910.5k $282.0k $282.0k 0.13% Added +1.9k +1,882
30 SITTNER & NELSON, LLC 0.09% of their portfolio EUGENE, OR 9,1289.1k $245.6k $245.6k 0.09% New
31 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 8,8958.9k $239.4k $239.4k 0.01% Reduced -792 -792
32 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 8,0868.1k $217.6k $217.6k 0.01% New
33 one8zero8, LLC 0.05% of their portfolio GREENSBORO, NC 8,0008.0k $215.3k $215.3k 0.05% New
34 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 7,5727.6k $203.8k $203.8k 0.00% New
35 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 7575 $2.0k $2.0k 0.00% New
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7070 $1.9k $1.9k 0.00% New