# EDGAR Filing Document

**Accession Number:** 0001022837
**File Stem:** 0001193125-25-275787
**Filing Date:** 2025-11
**Character Count:** 22626
**Document Hash:** 759c37ebeae6adfa8242d9b690574333
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-275787.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001193125-25-275787

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUMITOMO MITSUI FINANCIAL GROUP, INC.
- **CENTRAL INDEX KEY:** 0001022837
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17794
- **FILM NUMBER:** 251468477

**BUSINESS ADDRESS:**
- **STREET 1:** 1-2, MARUNOUCHI 1-CHOME
- **STREET 2:** CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 100-0005
- **BUSINESS PHONE:** 81-3-3282-8111

**MAIL ADDRESS:**
- **STREET 1:** 1-2, MARUNOUCHI 1-CHOME
- **STREET 2:** CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 100-0005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUMITOMO MITSUI FINANCIAL GROUP/FI
- **DATE OF NAME CHANGE:** 20021226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUMITOMO BANK LTD TOKYO     /FI
- **DATE OF NAME CHANGE:** 19960913

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SUMITOMO MITSUI FINANCIAL GROUP INC.<br>**Address:** 1-2 MARUNOUCHI 1-CHOME<br>CHIYODA-KU<br>TOKYO, M0 100-0005

**Form 13F File Number:** 028-17794

**CRD Number (if applicable):** 000301509

**SEC File Number (if applicable):** 801-116710

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Osahiro Yamamoto<br>**Title:** General Manager Planning Dept. Global Markets Business Unit<br>**Phone:** 81-3-3283-5709

**Signature, Place, and Date of Signing:**

/s/ Osahiro Yamamoto  Tokyo, M0  11-12-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 4

**Form 13F Information Table Entry Total:** 183

**Form 13F Information Table Value Total:** $5704024110

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                                            | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Sumitomo Mitsui DS Asset Management Company Ltd | 028-14064              |    000301509 | 801-116710        |
|     2 | TT International Asset Management LTD           | 028-20249              |    000110858 | 801-45435         |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4569532 | 18700 | SH |  | DFND | 3 | 0 | 0 | 18700 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4167820 | 22919 | SH |  | DFND | 3 | 22919 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 921578 | 3104 | SH |  | DFND | 3 | 3104 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 669558 | 555 | SH |  | DFND | 3 | 555 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 400662 | 904 | SH |  | DFND | 3 | 904 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 287536 | 800 | SH |  | DFND | 3 | 800 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 236201 | 459 | SH |  | DFND | 3 | 459 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 210034 | 430 | SH |  | DFND | 3 | 430 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 202506 | 1115 | SH |  | DFND | 3 | 1115 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 184053 | 2787 | SH |  | DFND | 3 | 2787 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 167601 | 295 | SH |  | DFND | 3 | 295 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 147322 | 350 | SH |  | DFND | 3 | 350 | 0 | 0 |
| SNOWFLAKE INC COM | SHS | 833445109 |  | 135150 | 600 | SH |  | DFND | 3 | 600 | 0 | 0 |
| INTUITIVE SURGICAL INC COM | COM NEW | 46120E602 |  | 131766 | 300 | SH |  | DFND | 3 | 300 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 130268 | 512 | SH |  | DFND | 3 | 512 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 128275 | 1152 | SH |  | DFND | 3 | 1152 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 119746 | 200 | SH |  | DFND | 3 | 0 | 0 | 200 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 110622 | 1111 | SH |  | DFND | 3 | 1111 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 104226 | 221 | SH |  | DFND | 3 | 221 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 100102 | 290 | SH |  | DFND | 3 | 290 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 92181 | 292 | SH |  | DFND | 3 | 292 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 88715 | 496 | SH |  | DFND | 3 | 496 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 85130 | 80 | SH |  | DFND | 3 | 80 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 82390 | 1000 | SH |  | DFND | 3 | 1000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 79167 | 323 | SH |  | DFND | 3 | 323 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 74374 | 532 | SH |  | DFND | 3 | 532 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 72554 | 773 | SH |  | DFND | 3 | 773 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 57182 | 684 | SH |  | DFND | 3 | 684 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 55987 | 252 | SH |  | DFND | 3 | 252 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 54702 | 600 | SH |  | DFND | 3 | 600 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 52150 | 106 | SH |  | DFND | 3 | 106 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 49064 | 66 | SH |  | DFND | 3 | 66 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 47950 | 66 | SH |  | DFND | 3 | 66 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 43123 | 572 | SH |  | DFND | 3 | 572 | 0 | 0 |
| BARRICK MNG CORP COM | COM SHS | 06849F108 |  | 33140 | 1000 | SH |  | DFND | 3 | 1000 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 27930 | 700 | SH |  | DFND | 3 | 700 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 26486 | 200 | SH |  | DFND | 3 | 200 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 4545 | 15 | SH |  | DFND | 3 | 15 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3505 | 34 | SH |  | DFND | 3 | 34 | 0 | 0 |
| ARM HOLDINGS PLC | Call | 042068905 |  | 155913 | 9000 | SH | Call | DFND | 3 | 9000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | Call | 007903907 |  | 13980 | 800 | SH | Call | DFND | 3 | 800 | 0 | 0 |
| MICRON TECHNOLOGY INC | Call | 595112903 |  | 1159283 | 29700 | SH | Call | DFND | 3 | 29700 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | Put | 007903957 |  | 33675 | 1500 | SH | Put | DFND | 3 | 1500 | 0 | 0 |
| ARM HOLDINGS PLC | Put | 042068955 |  | 110338 | 9100 | SH | Put | DFND | 3 | 9100 | 0 | 0 |
| BROADCOM INC | Put | 11135F951 |  | 13615 | 1400 | SH | Put | DFND | 3 | 1400 | 0 | 0 |
| ALPHABET INC | Put | 02079K957 |  | 4450 | 1000 | SH | Put | DFND | 3 | 0 | 0 | 1000 |
| INTUITIVE SURGICAL INC | Put | 46120E952 |  | 55134 | 1000 | SH | Put | DFND | 3 | 1000 | 0 | 0 |
| JPMORGAN CHASE  CO. | Put | 46625H950 |  | 13054 | 5500 | SH | Put | DFND | 3 | 5500 | 0 | 0 |
| MICRON TECHNOLOGY INC | Put | 595112953 |  | 64125 | 15000 | SH | Put | DFND | 3 | 15000 | 0 | 0 |
| NVIDIA CORPORATION | Put | 67066G954 |  | 51145 | 14000 | SH | Put | DFND | 3 | 14000 | 0 | 0 |
| INVESCO QQQ TR | Call | 46090E903 |  | 73459 | 2600 | SH | Call | DFND | 3 | 0 | 0 | 2600 |
| INVESCO QQQ TR | Put | 46090E953 |  | 111464 | 5000 | SH | Put | DFND | 3 | 0 | 0 | 5000 |
| STARBUCKS CORP | Call | 855244909 |  | 78200 | 17000 | SH | Call | DFND | 3 | 17000 | 0 | 0 |
| SHOPIFY INC | Put | 82509L957 |  | 31875 | 5000 | SH | Put | DFND | 3 | 5000 | 0 | 0 |
| ZSCALER INC | Put | 98980G952 |  | 25900 | 7000 | SH | Put | DFND | 3 | 7000 | 0 | 0 |
| BARRICK MNG CORP | Put | 06849F958 |  | 60 | 3000 | SH | Put | DFND | 3 | 3000 | 0 | 0 |
| AFLAC INC | Put | 001055952 |  | 725 | 500 | SH | Put | DFND | 3 | 500 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | Call | 169656905 |  | 15006 | 10500 | SH | Call | DFND | 3 | 10500 | 0 | 0 |
| CELSIUS HLDGS INC | Call | 15118V907 |  | 687376 | 100000 | SH | Call | DFND | 3 | 100000 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 572773 | 100000 | SH |  | DFND | 3 | 100000 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 19407846 | 71164 | SH |  | DFND | 2 | 0 | 0 | 71164 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 59177535 | 242979 | SH |  | DFND | 2 | 0 | 0 | 242979 |
| AMAZON COM INC | COM | 023135106 |  | 43715289 | 199095 | SH |  | DFND | 2 | 0 | 0 | 199095 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 27523774 | 82863 | SH |  | DFND | 2 | 0 | 0 | 82863 |
| AMGEN INC | COM | 031162100 |  | 21384834 | 75779 | SH |  | DFND | 2 | 0 | 0 | 75779 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 63991169 | 439168 | SH |  | DFND | 2 | 0 | 0 | 439168 |
| AT INC | COM | 00206R102 |  | 2356995 | 83463 | SH |  | DFND | 2 | 0 | 0 | 83463 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2271053 | 20843 | SH |  | DFND | 2 | 0 | 0 | 20843 |
| BLACKROCK INC | COM | 09290D101 |  | 24199964 | 20757 | SH |  | DFND | 2 | 0 | 0 | 20757 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 25948199 | 265781 | SH |  | DFND | 2 | 0 | 0 | 265781 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2007085 | 44503 | SH |  | DFND | 2 | 0 | 0 | 44503 |
| BROADCOM INC | COM | 11135F101 |  | 74330373 | 225305 | SH |  | DFND | 2 | 0 | 0 | 225305 |
| CISCO SYS INC | COM | 17275R102 |  | 3587192 | 52429 | SH |  | DFND | 2 | 0 | 0 | 52429 |
| COCA COLA CO | COM | 191216100 |  | 17930540 | 270364 | SH |  | DFND | 2 | 0 | 0 | 270364 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 9186878 | 9925 | SH |  | DFND | 2 | 0 | 0 | 9925 |
| D R HORTON INC | COM | 23331A109 |  | 27258572 | 160846 | SH |  | DFND | 2 | 0 | 0 | 160846 |
| EXCHANGE TRADED CONCEPTS TRU | EMQQ THE EMERGIN | 301505889 |  | 42302 | 911 | SH |  | DFND | 2 | 0 | 0 | 911 |
| FIDELITY COVINGTON TRUST | STOCK FOR INFL | 316092386 |  | 119577 | 2387 | SH |  | DFND | 2 | 0 | 0 | 2387 |
| FIRST SOLAR INC | COM | 336433107 |  | 23109780 | 104792 | SH |  | DFND | 2 | 0 | 0 | 104792 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 2397515 | 17836 | SH |  | DFND | 2 | 0 | 0 | 17836 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 6583606 | 86615 | SH |  | DFND | 2 | 0 | 0 | 86615 |
| FIRST TR EXCHANGE-TRADED FD | NAS CLNEDG GREEN | 33733E500 |  | 245844 | 5859 | SH |  | DFND | 2 | 0 | 0 | 5859 |
| GE AEROSPACE | COM NEW | 369604301 |  | 29111254 | 96773 | SH |  | DFND | 2 | 0 | 0 | 96773 |
| GENERAL MLS INC | COM | 370334104 |  | 867174 | 17199 | SH |  | DFND | 2 | 0 | 0 | 17199 |
| GLOBAL X  FDS | US INFR DEV ETF | 37954Y673 |  | 986179 | 20705 | SH |  | DFND | 2 | 0 | 0 | 20705 |
| GLOBAL X FDS | MSCI CHINA CNSMR | 37950E408 |  | 39478 | 1632 | SH |  | DFND | 2 | 0 | 0 | 1632 |
| GRAINGER W W INC | COM | 384802104 |  | 21279597 | 22330 | SH |  | DFND | 2 | 0 | 0 | 22330 |
| HOME DEPOT INC | COM | 437076102 |  | 4438856 | 10955 | SH |  | DFND | 2 | 0 | 0 | 10955 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 451897 | 1733 | SH |  | DFND | 2 | 0 | 0 | 1733 |
| INTUIT | COM | 461202103 |  | 31848874 | 46637 | SH |  | DFND | 2 | 0 | 0 | 46637 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 14402 | 196 | SH |  | DFND | 2 | 0 | 0 | 196 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 17522500 | 642085 | SH |  | DFND | 2 | 0 | 0 | 642085 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 33729387 | 56181 | SH |  | DFND | 2 | 0 | 0 | 56181 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 7253 | 114 | SH |  | DFND | 2 | 0 | 0 | 114 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1338308 | 20302 | SH |  | DFND | 2 | 0 | 0 | 20302 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 254988 | 3179 | SH |  | DFND | 2 | 0 | 0 | 3179 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 519886 | 12637 | SH |  | DFND | 2 | 0 | 0 | 12637 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4009594 | 14789 | SH |  | DFND | 2 | 0 | 0 | 14789 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1000051 | 6927 | SH |  | DFND | 2 | 0 | 0 | 6927 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 10767140 | 97449 | SH |  | DFND | 2 | 0 | 0 | 97449 |
| ISHARES TR | U.S.MED DVC ETF | 464288810 |  | 1296166 | 21574 | SH |  | DFND | 2 | 0 | 0 | 21574 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 15975689 | 691289 | SH |  | DFND | 2 | 0 | 0 | 691289 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 2665985 | 104303 | SH |  | DFND | 2 | 0 | 0 | 104303 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 11426026 | 113466 | SH |  | DFND | 2 | 0 | 0 | 113466 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 817217 | 5751 | SH |  | DFND | 2 | 0 | 0 | 5751 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 6574770 | 59115 | SH |  | DFND | 2 | 0 | 0 | 59115 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 131972609 | 1316435 | SH |  | DFND | 2 | 0 | 0 | 1316435 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2485556 | 46546 | SH |  | DFND | 2 | 0 | 0 | 46546 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 86606171 | 776946 | SH |  | DFND | 2 | 0 | 0 | 776946 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 29000118 | 324495 | SH |  | DFND | 2 | 0 | 0 | 324495 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 78572843 | 814564 | SH |  | DFND | 2 | 0 | 0 | 814564 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 9605690 | 115787 | SH |  | DFND | 2 | 0 | 0 | 115787 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 6108110 | 53114 | SH |  | DFND | 2 | 0 | 0 | 53114 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 170824 | 706 | SH |  | DFND | 2 | 0 | 0 | 706 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 12264408 | 126333 | SH |  | DFND | 2 | 0 | 0 | 126333 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 3726233 | 78414 | SH |  | DFND | 2 | 0 | 0 | 78414 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1438892 | 15116 | SH |  | DFND | 2 | 0 | 0 | 15116 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 55635935 | 685256 | SH |  | DFND | 2 | 0 | 0 | 685256 |
| ISHARES TR | MBS ETF | 464288588 |  | 41902918 | 440388 | SH |  | DFND | 2 | 0 | 0 | 440388 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 53107159 | 1001455 | SH |  | DFND | 2 | 0 | 0 | 1001455 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 5130206 | 42927 | SH |  | DFND | 2 | 0 | 0 | 42927 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 32553359 | 1029518 | SH |  | DFND | 2 | 0 | 0 | 1029518 |
| ISHARES TR | US OIL GS EX ETF | 464288851 |  | 184314 | 1990 | SH |  | DFND | 2 | 0 | 0 | 1990 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 |  | 11285 | 643 | SH |  | DFND | 2 | 0 | 0 | 643 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 7190996 | 138129 | SH |  | DFND | 2 | 0 | 0 | 138129 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 34148 | 359 | SH |  | DFND | 2 | 0 | 0 | 359 |
| ISHARES TR | CUR HD EURZN ETF | 46434V639 |  | 47645 | 1130 | SH |  | DFND | 2 | 0 | 0 | 1130 |
| ISHARES TR | HDG MSCI JAPAN | 46434V886 |  | 277116 | 5625 | SH |  | DFND | 2 | 0 | 0 | 5625 |
| ISHARES TR | MORTGE REL ETF | 46435G342 |  | 369525 | 16831 | SH |  | DFND | 2 | 0 | 0 | 16831 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 105474 | 2196 | SH |  | DFND | 2 | 0 | 0 | 2196 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 40086422 | 127085 | SH |  | DFND | 2 | 0 | 0 | 127085 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 520487 | 4186 | SH |  | DFND | 2 | 0 | 0 | 4186 |
| META PLATFORMS INC | CL A | 30303M102 |  | 51639398 | 70317 | SH |  | DFND | 2 | 0 | 0 | 70317 |
| MICROSOFT CORP | COM | 594918104 |  | 53144778 | 102606 | SH |  | DFND | 2 | 0 | 0 | 102606 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 621514 | 9949 | SH |  | DFND | 2 | 0 | 0 | 9949 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 83533172 | 447707 | SH |  | DFND | 2 | 0 | 0 | 447707 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1885137 | 23122 | SH |  | DFND | 2 | 0 | 0 | 23122 |
| PEPSICO INC | COM | 713448108 |  | 3300059 | 23498 | SH |  | DFND | 2 | 0 | 0 | 23498 |
| PFIZER INC | COM | 717081103 |  | 4153342 | 163004 | SH |  | DFND | 2 | 0 | 0 | 163004 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 1683101 | 18030 | SH |  | DFND | 2 | 0 | 0 | 18030 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4147474 | 26993 | SH |  | DFND | 2 | 0 | 0 | 26993 |
| PROSHARES TR | SHORT S 500 NE | 74349Y753 |  | 443520 | 12000 | SH |  | DFND | 2 | 0 | 0 | 12000 |
| QUALCOMM INC | COM | 747525103 |  | 8769002 | 52711 | SH |  | DFND | 2 | 0 | 0 | 52711 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 3688093 | 11762 | SH |  | DFND | 2 | 0 | 0 | 11762 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3469584 | 127091 | SH |  | DFND | 2 | 0 | 0 | 127091 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 53145 | 593 | SH |  | DFND | 2 | 0 | 0 | 593 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 9815921 | 125251 | SH |  | DFND | 2 | 0 | 0 | 125251 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 58071 | 650 | SH |  | DFND | 2 | 0 | 0 | 650 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 29898 | 555 | SH |  | DFND | 2 | 0 | 0 | 555 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 784793 | 6630 | SH |  | DFND | 2 | 0 | 0 | 6630 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 7181133 | 82343 | SH |  | DFND | 2 | 0 | 0 | 82343 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 183025105 | 514882 | SH |  | DFND | 2 | 0 | 0 | 514882 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 97709953 | 146672 | SH |  | DFND | 2 | 0 | 0 | 146672 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 5342767 | 38149 | SH |  | DFND | 2 | 0 | 0 | 38149 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 1142480 | 11402 | SH |  | DFND | 2 | 0 | 0 | 11402 |
| SPDR SERIES TRUST | BLOOMBERG SHT TE | 78468R408 |  | 59989914 | 2343356 | SH |  | DFND | 2 | 0 | 0 | 2343356 |
| SYSCO CORP | COM | 871829107 |  | 1457171 | 17697 | SH |  | DFND | 2 | 0 | 0 | 17697 |
| TEXAS INSTRS INC | COM | 882508104 |  | 4686401 | 25507 | SH |  | DFND | 2 | 0 | 0 | 25507 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 10032863 | 18350 | SH |  | DFND | 2 | 0 | 0 | 18350 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 32369803 | 93744 | SH |  | DFND | 2 | 0 | 0 | 93744 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1490029 | 19503 | SH |  | DFND | 2 | 0 | 0 | 19503 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 526642 | 5318 | SH |  | DFND | 2 | 0 | 0 | 5318 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 10231923 | 16709 | SH |  | DFND | 2 | 0 | 0 | 16709 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1238010 | 13542 | SH |  | DFND | 2 | 0 | 0 | 13542 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 302471 | 2195 | SH |  | DFND | 2 | 0 | 0 | 2195 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 7207448 | 90172 | SH |  | DFND | 2 | 0 | 0 | 90172 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 5917241 | 76204 | SH |  | DFND | 2 | 0 | 0 | 76204 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 3657607 | 43486 | SH |  | DFND | 2 | 0 | 0 | 43486 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 111125 | 938 | SH |  | DFND | 2 | 0 | 0 | 938 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 613636 | 1549 | SH |  | DFND | 2 | 0 | 0 | 1549 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1020228 | 3930 | SH |  | DFND | 2 | 0 | 0 | 3930 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 18716521 | 25068 | SH |  | DFND | 2 | 0 | 0 | 25068 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 735152 | 16727 | SH |  | DFND | 2 | 0 | 0 | 16727 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 116021 | 3058 | SH |  | DFND | 2 | 0 | 0 | 3058 |
| WISDOMTREE TR | CLOUD COMPUTNG | 97717Y691 |  | 1768664 | 50291 | SH |  | DFND | 2 | 0 | 0 | 50291 |
| BLOCK INC | CL A | 852234103 |  | 65616101 | 907930 | SH |  | DFND | 4 | 907930 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 604944039 | 9247081 | SH |  | DFND | 1 | 9247081 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 127488003 | 471846 | SH |  | DFND | 1 | 471846 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 2136888279 | 13364740 | SH |  | DFND | 1 | 13364740 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 156096200 | 260000 | SH |  | DFND | 1 | 260000 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 140553000 | 210000 | SH |  | DFND | 1 | 210000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 492773346 | 739700 | SH |  | DFND | 1 | 739700 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 21601413 | 2765866 | SH |  | DFND |  | 2765866 | 0 | 0 |

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