# EDGAR Filing Document

**Accession Number:** 0001022837
**File Stem:** 0000950123-25-007705
**Filing Date:** 2025-8
**Character Count:** 27998
**Document Hash:** 87337981db332613b377b0e5b4c30888
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-007705.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0000950123-25-007705

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**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:** 251208828

**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:** 06-30-2025

**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  08-13-2025<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:** 239

**Form 13F Information Table Value Total:** $6139756771

      (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 |  | 560303 | 3143 | SH |  | DFND | 3 | 0 | 0 | 3143 |
| NETFLIX INC | COM | 64110L106 |  | 531894 | 402 | SH |  | DFND | 3 | 402 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 527856 | 2800 | SH |  | DFND | 3 | 2800 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 397886 | 1049 | SH |  | DFND | 3 | 1049 | 0 | 0 |
| BARRICK MNG CORP | COM SHS ADDED | 06849F108 |  | 387717 | 18950 | SH |  | DFND | 3 | 18950 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 382066 | 1711 | SH |  | DFND | 3 | 1711 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 380218 | 1708 | SH |  | DFND | 3 | 1708 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 357708 | 650 | SH |  | DFND | 3 | 650 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 311455 | 350 | SH |  | DFND | 3 | 350 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 305130 | 1000 | SH |  | DFND | 3 | 1000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 298391 | 1030 | SH |  | DFND | 3 | 1030 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 297838 | 3860 | SH |  | DFND | 3 | 3860 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 252755 | 781 | SH |  | DFND | 3 | 781 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 220534 | 550 | SH |  | DFND | 3 | 550 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 208383 | 2100 | SH |  | DFND | 3 | 2100 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 198374 | 2200 | SH |  | DFND | 3 | 2200 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 196254 | 976 | SH |  | DFND | 3 | 976 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 190364 | 1675 | SH |  | DFND | 3 | 1675 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 173624 | 450 | SH |  | DFND | 3 | 450 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 172403 | 235 | SH |  | DFND | 3 | 235 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 151262 | 305 | SH |  | DFND | 3 | 305 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 149562 | 1040 | SH |  | DFND | 3 | 1040 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 147547 | 610 | SH |  | DFND | 3 | 610 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 142963 | 680 | SH |  | DFND | 3 | 680 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 128542 | 720 | SH |  | DFND | 3 | 720 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 116316 | 1484 | SH |  | DFND | 3 | 1484 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 107514 | 1460 | SH |  | DFND | 3 | 1460 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 97185 | 613 | SH |  | DFND | 3 | 613 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 84404 | 400 | SH |  | DFND | 3 | 400 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 79512 | 800 | SH |  | DFND | 3 | 800 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 75660 | 595 | SH |  | DFND | 3 | 595 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 69664 | 911 | SH |  | DFND | 3 | 911 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 68837 | 290 | SH |  | DFND | 3 | 290 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 67478 | 214 | SH |  | DFND | 3 | 214 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 51120 | 1200 | SH |  | DFND | 3 | 1200 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 43941 | 88 | SH |  | DFND | 3 | 88 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 39483 | 900 | SH |  | DFND | 3 | 900 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 36642 | 200 | SH |  | DFND | 3 | 200 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 30315 | 411 | SH |  | DFND | 3 | 411 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 28138 | 200 | SH |  | DFND | 3 | 200 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 27141 | 35 | SH |  | DFND | 3 | 35 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 22344 | 227 | SH |  | DFND | 3 | 227 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 15243 | 161 | SH |  | DFND | 3 | 161 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 8088 | 115 | SH |  | DFND | 3 | 115 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 7346 | 31 | SH |  | DFND | 3 | 31 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 6706 | 23 | SH |  | DFND | 3 | 23 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 2278 | 11 | SH |  | DFND | 3 | 11 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 1333 | 20 | SH |  | DFND | 3 | 20 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 458 | 5 | SH |  | DFND | 3 | 5 | 0 | 0 |
| ALPHABET INC | Call | 02079K907 |  | 7773 | 1725 | SH | Call | DFND | 3 | 0 | 0 | 1725 |
| MICRON TECHNOLOGY INC | Call | 595112903 |  | 593508 | 43000 | SH | Call | DFND | 3 | 43000 | 0 | 0 |
| INVESCO QQQ TR | Put | 46090E953 |  | 119940 | 12000 | SH | Put | DFND | 3 | 0 | 0 | 12000 |
| APPLE INC | Call | 037833900 |  | 1 | 1200 | SH | Call | DFND | 3 | 1200 | 0 | 0 |
| AMAZON COM INC | Call | 023135906 |  | 124939 | 14776 | SH | Call | DFND | 3 | 14776 | 0 | 0 |
| META PLATFORMS INC | Call | 30303M902 |  | 75398 | 3070 | SH | Call | DFND | 3 | 3070 | 0 | 0 |
| NVIDIA CORPORATION | Call | 67066G904 |  | 5688343 | 319454 | SH | Call | DFND | 3 | 319454 | 0 | 0 |
| ZSCALER INC | Call | 98980G902 |  | 523971 | 7511 | SH | Call | DFND | 3 | 7511 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | Call | 22788C905 |  | 41871 | 1007 | SH | Call | DFND | 3 | 1007 | 0 | 0 |
| FREEPORT-MCMORAN INC | Call | 35671D907 |  | 79327 | 10600 | SH | Call | DFND | 3 | 10600 | 0 | 0 |
| SHOPIFY INC | Call | 82509L907 |  | 38000 | 2500 | SH | Call | DFND | 3 | 2500 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | Call | 98980L901 |  | 48791 | 10549 | SH | Call | DFND | 3 | 10549 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | Call | 007903907 |  | 305629 | 9400 | SH | Call | DFND | 3 | 9400 | 0 | 0 |
| PALO ALTO NETWORKS INC | Call | 697435905 |  | 10117 | 450 | SH | Call | DFND | 3 | 450 | 0 | 0 |
| QUALCOMM INC | Call | 747525903 |  | 12343 | 1320 | SH | Call | DFND | 3 | 1320 | 0 | 0 |
| ARM HOLDINGS PLC | Call | 042068905 |  | 991332 | 35200 | SH | Call | DFND | 3 | 35200 | 0 | 0 |
| TESLA INC | Call | 88160R901 |  | 248563 | 15227 | SH | Call | DFND | 3 | 15227 | 0 | 0 |
| TESLA INC | Put | 88160R951 |  | 233175 | 6000 | SH | Put | DFND | 3 | 6000 | 0 | 0 |
| BROADCOM INC | Call | 11135F901 |  | 166033 | 5800 | SH | Call | DFND | 3 | 5800 | 0 | 0 |
| BROADCOM INC | Put | 11135F951 |  | 173534 | 11000 | SH | Put | DFND | 3 | 11000 | 0 | 0 |
| ALBEMARLE CORP | Call | 012653901 |  | 12652 | 1810 | SH | Call | DFND | 3 | 1810 | 0 | 0 |
| MARVELL TECHNOLOGY INC | Call | 573874904 |  | 165890 | 10000 | SH | Call | DFND | 3 | 10000 | 0 | 0 |
| MARVELL TECHNOLOGY INC | Put | 573874954 |  | 265750 | 25000 | SH | Put | DFND | 3 | 25000 | 0 | 0 |
| CARNIVAL CORP | Call | 143658900 |  | 65444 | 12400 | SH | Call | DFND | 3 | 12400 | 0 | 0 |
| DISNEY WALT CO | Call | 254687906 |  | 33712 | 1500 | SH | Call | DFND | 3 | 1500 | 0 | 0 |
| UBER TECHNOLOGIES INC | Call | 90353T900 |  | 63879 | 7399 | SH | Call | DFND | 3 | 7399 | 0 | 0 |
| APPLIED MATLS INC | Call | 038222905 |  | 53226 | 1500 | SH | Call | DFND | 3 | 1500 | 0 | 0 |
| APPLIED MATLS INC | Put | 038222955 |  | 50405 | 8000 | SH | Put | DFND | 3 | 8000 | 0 | 0 |
| ARM HOLDINGS PLC | Put | 042068955 |  | 133623 | 13500 | SH | Put | DFND | 3 | 13500 | 0 | 0 |
| COSTCO WHSL CORP NEW | Put | 22160K955 |  | 32607 | 1100 | SH | Put | DFND | 3 | 1100 | 0 | 0 |
| LAM RESEARCH CORP | Call | 512807906 |  | 120891 | 8000 | SH | Call | DFND | 3 | 8000 | 0 | 0 |
| LAM RESEARCH CORP | Put | 512807956 |  | 135323 | 25000 | SH | Put | DFND | 3 | 25000 | 0 | 0 |
| MICRON TECHNOLOGY INC | Put | 595112953 |  | 398021 | 45000 | SH | Put | DFND | 3 | 45000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | Call | 38141G904 |  | 34271 | 300 | SH | Call | DFND | 3 | 300 | 0 | 0 |
| CAPITAL ONE FINL CORP | Call | 14040H905 |  | 69593 | 2000 | SH | Call | DFND | 3 | 2000 | 0 | 0 |
| CAPITAL ONE FINL CORP | Put | 14040H955 |  | 93935 | 10000 | SH | Put | DFND | 3 | 10000 | 0 | 0 |
| ARISTA NETWORKS INC | Call | 040413905 |  | 74709 | 5000 | SH | Call | DFND | 3 | 5000 | 0 | 0 |
| ARISTA NETWORKS INC | Put | 040413955 |  | 119198 | 18000 | SH | Put | DFND | 3 | 18000 | 0 | 0 |
| OKTA INC | Call | 679295905 |  | 13864 | 6567 | SH | Call | DFND | 3 | 6567 | 0 | 0 |
| APPLE INC | Put | 037833950 |  | 14175 | 1000 | SH | Put | DFND | 3 | 1000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | Put | 007903957 |  | 205250 | 22000 | SH | Put | DFND | 3 | 22000 | 0 | 0 |
| CARNIVAL CORP | Put | 143658950 |  | 86864 | 45000 | SH | Put | DFND | 3 | 45000 | 0 | 0 |
| FREEPORT-MCMORAN INC | Put | 35671D957 |  | 94305 | 45000 | SH | Put | DFND | 3 | 45000 | 0 | 0 |
| INTUITIVE SURGICAL INC | Put | 46120E952 |  | 24026 | 1000 | SH | Put | DFND | 3 | 1000 | 0 | 0 |
| NVIDIA CORPORATION | Put | 67066G954 |  | 73446 | 10000 | SH | Put | DFND | 3 | 10000 | 0 | 0 |
| SHOPIFY INC | Put | 82509L957 |  | 190500 | 20000 | SH | Put | DFND | 3 | 20000 | 0 | 0 |
| ZSCALER INC | Put | 98980G952 |  | 47116 | 7000 | SH | Put | DFND | 3 | 7000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | Put | 38141G954 |  | 35424 | 1400 | SH | Put | DFND | 3 | 1400 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | Put | 69608A958 |  | 103750 | 10000 | SH | Put | DFND | 3 | 10000 | 0 | 0 |
| ANALOG DEVICES INC | Call | 032654905 |  | 88258 | 2200 | SH | Call | DFND | 3 | 2200 | 0 | 0 |
| ANALOG DEVICES INC | Put | 032654955 |  | 91800 | 9000 | SH | Put | DFND | 3 | 9000 | 0 | 0 |
| CONOCOPHILLIPS | Call | 20825C904 |  | 27157 | 3200 | SH | Call | DFND | 3 | 3200 | 0 | 0 |
| CONOCOPHILLIPS | Put | 20825C954 |  | 78500 | 10000 | SH | Put | DFND | 3 | 10000 | 0 | 0 |
| TEXAS INSTRS INC | Call | 882508904 |  | 89614 | 3900 | SH | Call | DFND | 3 | 3900 | 0 | 0 |
| TEXAS INSTRS INC | Put | 882508954 |  | 116680 | 11000 | SH | Put | DFND | 3 | 11000 | 0 | 0 |
| MORGAN STANLEY | Call | 617446908 |  | 46696 | 2500 | SH | Call | DFND | 3 | 2500 | 0 | 0 |
| MORGAN STANLEY | Put | 617446958 |  | 53400 | 8000 | SH | Put | DFND | 3 | 8000 | 0 | 0 |
| KLA CORP | Call | 482480900 |  | 51051 | 300 | SH | Call | DFND | 3 | 300 | 0 | 0 |
| KLA CORP | Put | 482480950 |  | 142726 | 2100 | SH | Put | DFND | 3 | 2100 | 0 | 0 |
| MASTERCARD INCORPORATED | Call | 57636Q904 |  | 14158 | 700 | SH | Call | DFND | 3 | 700 | 0 | 0 |
| BARRICK MNG CORP CALL | Call | 06849F908 |  | 7492 | 41993 | SH | Call | DFND | 3 | 41993 | 0 | 0 |
| MICROSOFT CORP | Call | 594918904 |  | 24019 | 1320 | SH | Call | DFND | 3 | 1320 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | Call | 69608A908 |  | 47574 | 4000 | SH | Call | DFND | 3 | 4000 | 0 | 0 |
| BLOCK INC | Call | 852234903 |  | 10893 | 2700 | SH | Call | DFND | 3 | 2700 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 18557856 | 65794 | SH |  | DFND | 2 | 0 | 0 | 65794 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 44677800 | 251862 | SH |  | DFND | 2 | 0 | 0 | 251862 |
| AMAZON COM INC | COM | 023135106 |  | 45034624 | 205272 | SH |  | DFND | 2 | 0 | 0 | 205272 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 23672144 | 74212 | SH |  | DFND | 2 | 0 | 0 | 74212 |
| AMGEN INC | COM | 031162100 |  | 19634606 | 70322 | SH |  | DFND | 2 | 0 | 0 | 70322 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 48080994 | 469954 | SH |  | DFND | 2 | 0 | 0 | 469954 |
| AT INC | COM | 00206R102 |  | 2449539 | 84642 | SH |  | DFND | 2 | 0 | 0 | 84642 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1791769 | 19666 | SH |  | DFND | 2 | 0 | 0 | 19666 |
| BLACKROCK INC | COM | 09290D101 |  | 21654422 | 20638 | SH |  | DFND | 2 | 0 | 0 | 20638 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 25293014 | 235481 | SH |  | DFND | 2 | 0 | 0 | 235481 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2011486 | 43454 | SH |  | DFND | 2 | 0 | 0 | 43454 |
| BROADCOM INC | COM | 11135F101 |  | 69304750 | 251423 | SH |  | DFND | 2 | 0 | 0 | 251423 |
| CISCO SYS INC | COM | 17275R102 |  | 3185721 | 45917 | SH |  | DFND | 2 | 0 | 0 | 45917 |
| COCA COLA CO | COM | 191216100 |  | 16634669 | 235119 | SH |  | DFND | 2 | 0 | 0 | 235119 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 9589549 | 9687 | SH |  | DFND | 2 | 0 | 0 | 9687 |
| D R HORTON INC | COM | 23331A109 |  | 19057728 | 147826 | SH |  | DFND | 2 | 0 | 0 | 147826 |
| EXCHANGE TRADED CONCEPTS TRU | EMQQ THE EMERGIN | 301505889 |  | 32878 | 789 | SH |  | DFND | 2 | 0 | 0 | 789 |
| FIDELITY COVINGTON TRUST | STOCK FOR INFL | 316092386 |  | 202759 | 4345 | SH |  | DFND | 2 | 0 | 0 | 4345 |
| FIRST SOLAR INC | COM | 336433107 |  | 18731348 | 113153 | SH |  | DFND | 2 | 0 | 0 | 113153 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 7091294 | 93825 | SH |  | DFND | 2 | 0 | 0 | 93825 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 2666592 | 21922 | SH |  | DFND | 2 | 0 | 0 | 21922 |
| FIRST TR EXCHANGE-TRADED FD | NAS CLNEDG GREEN | 33733E500 |  | 205424 | 6284 | SH |  | DFND | 2 | 0 | 0 | 6284 |
| GE AEROSPACE | COM NEW | 369604301 |  | 22898701 | 88965 | SH |  | DFND | 2 | 0 | 0 | 88965 |
| GENERAL MLS INC | COM | 370334104 |  | 888645 | 17152 | SH |  | DFND | 2 | 0 | 0 | 17152 |
| GLOBAL X  FDS | US INFR DEV ETF | 37954Y673 |  | 988046 | 22672 | SH |  | DFND | 2 | 0 | 0 | 22672 |
| GLOBAL X FDS | MSCI CHINA CNSMR | 37950E408 |  | 32657 | 1547 | SH |  | DFND | 2 | 0 | 0 | 1547 |
| GRAINGER W W INC | COM | 384802104 |  | 20203541 | 19422 | SH |  | DFND | 2 | 0 | 0 | 19422 |
| HOME DEPOT INC | COM | 437076102 |  | 4264756 | 11632 | SH |  | DFND | 2 | 0 | 0 | 11632 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 537769 | 2175 | SH |  | DFND | 2 | 0 | 0 | 2175 |
| INTUIT | COM | 461202103 |  | 33853913 | 42982 | SH |  | DFND | 2 | 0 | 0 | 42982 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 18082344 | 681581 | SH |  | DFND | 2 | 0 | 0 | 681581 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 14273 | 196 | SH |  | DFND | 2 | 0 | 0 | 196 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 36083876 | 65412 | SH |  | DFND | 2 | 0 | 0 | 65412 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 6544 | 114 | SH |  | DFND | 2 | 0 | 0 | 114 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 238330 | 3179 | SH |  | DFND | 2 | 0 | 0 | 3179 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1171365 | 19513 | SH |  | DFND | 2 | 0 | 0 | 19513 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 327826 | 8918 | SH |  | DFND | 2 | 0 | 0 | 8918 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 15324236 | 666851 | SH |  | DFND | 2 | 0 | 0 | 666851 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 948445 | 7497 | SH |  | DFND | 2 | 0 | 0 | 7497 |
| ISHARES TR | U.S.MED DVC ETF | 464288810 |  | 1512756 | 24150 | SH |  | DFND | 2 | 0 | 0 | 24150 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 2490995 | 100850 | SH |  | DFND | 2 | 0 | 0 | 100850 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2623981 | 26060 | SH |  | DFND | 2 | 0 | 0 | 26060 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 13759657 | 124612 | SH |  | DFND | 2 | 0 | 0 | 124612 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4006580 | 16785 | SH |  | DFND | 2 | 0 | 0 | 16785 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 119249312 | 1202110 | SH |  | DFND | 2 | 0 | 0 | 1202110 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 47517555 | 900636 | SH |  | DFND | 2 | 0 | 0 | 900636 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 673214 | 5069 | SH |  | DFND | 2 | 0 | 0 | 5069 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 104398 | 2196 | SH |  | DFND | 2 | 0 | 0 | 2196 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2309538 | 47876 | SH |  | DFND | 2 | 0 | 0 | 47876 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 |  | 11336 | 643 | SH |  | DFND | 2 | 0 | 0 | 643 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1324003 | 14295 | SH |  | DFND | 2 | 0 | 0 | 14295 |
| ISHARES TR | HDG MSCI JAPAN | 46434V886 |  | 251944 | 5625 | SH |  | DFND | 2 | 0 | 0 | 5625 |
| ISHARES TR | CUR HD EURZN ETF | 46434V639 |  | 46364 | 1130 | SH |  | DFND | 2 | 0 | 0 | 1130 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 52547669 | 651552 | SH |  | DFND | 2 | 0 | 0 | 651552 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 77969517 | 814133 | SH |  | DFND | 2 | 0 | 0 | 814133 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 4551501 | 38219 | SH |  | DFND | 2 | 0 | 0 | 38219 |
| ISHARES TR | US OIL GS EX ETF | 464288851 |  | 177683 | 2005 | SH |  | DFND | 2 | 0 | 0 | 2005 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 6700545 | 61128 | SH |  | DFND | 2 | 0 | 0 | 61128 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 6639804 | 119378 | SH |  | DFND | 2 | 0 | 0 | 119378 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 172416 | 799 | SH |  | DFND | 2 | 0 | 0 | 799 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 3740101 | 82709 | SH |  | DFND | 2 | 0 | 0 | 82709 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 12162497 | 128337 | SH |  | DFND | 2 | 0 | 0 | 128337 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 81546990 | 743974 | SH |  | DFND | 2 | 0 | 0 | 743974 |
| ISHARES TR | MBS ETF | 464288588 |  | 40743378 | 433948 | SH |  | DFND | 2 | 0 | 0 | 433948 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 25650413 | 836063 | SH |  | DFND | 2 | 0 | 0 | 836063 |
| ISHARES TR | MORTGE REL ETF | 46435G342 |  | 304088 | 14223 | SH |  | DFND | 2 | 0 | 0 | 14223 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 9777894 | 118005 | SH |  | DFND | 2 | 0 | 0 | 118005 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 5591242 | 50811 | SH |  | DFND | 2 | 0 | 0 | 50811 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 31631095 | 358426 | SH |  | DFND | 2 | 0 | 0 | 358426 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 33689 | 359 | SH |  | DFND | 2 | 0 | 0 | 359 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 36538517 | 126034 | SH |  | DFND | 2 | 0 | 0 | 126034 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 542238 | 4206 | SH |  | DFND | 2 | 0 | 0 | 4206 |
| META PLATFORMS INC | CL A | 30303M102 |  | 53363907 | 72300 | SH |  | DFND | 2 | 0 | 0 | 72300 |
| MICROSOFT CORP | COM | 594918104 |  | 50495074 | 101516 | SH |  | DFND | 2 | 0 | 0 | 101516 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 615457 | 9126 | SH |  | DFND | 2 | 0 | 0 | 9126 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 78057961 | 494069 | SH |  | DFND | 2 | 0 | 0 | 494069 |
| OMNICOM GROUP INC | COM | 681919106 |  | 1630017 | 22658 | SH |  | DFND | 2 | 0 | 0 | 22658 |
| PEPSICO INC | COM | 713448108 |  | 2667208 | 20200 | SH |  | DFND | 2 | 0 | 0 | 20200 |
| PFIZER INC | COM | 717081103 |  | 3010608 | 124200 | SH |  | DFND | 2 | 0 | 0 | 124200 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 1662005 | 18030 | SH |  | DFND | 2 | 0 | 0 | 18030 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3780026 | 23726 | SH |  | DFND | 2 | 0 | 0 | 23726 |
| PROSHARES TR | SHORT S 500 NE | 74349Y753 |  | 476160 | 12000 | SH |  | DFND | 2 | 0 | 0 | 12000 |
| QUALCOMM INC | COM | 747525103 |  | 8577425 | 53858 | SH |  | DFND | 2 | 0 | 0 | 53858 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 3217304 | 11730 | SH |  | DFND | 2 | 0 | 0 | 11730 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3768910 | 142223 | SH |  | DFND | 2 | 0 | 0 | 142223 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 52071 | 593 | SH |  | DFND | 2 | 0 | 0 | 593 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 849139 | 7824 | SH |  | DFND | 2 | 0 | 0 | 7824 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 60215 | 710 | SH |  | DFND | 2 | 0 | 0 | 710 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 37706 | 720 | SH |  | DFND | 2 | 0 | 0 | 720 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 9479239 | 117071 | SH |  | DFND | 2 | 0 | 0 | 117071 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6996302 | 85676 | SH |  | DFND | 2 | 0 | 0 | 85676 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 145668807 | 477869 | SH |  | DFND | 2 | 0 | 0 | 477869 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 95486246 | 154546 | SH |  | DFND | 2 | 0 | 0 | 154546 |
| SPDR SERIES TRUST | S DIVID ETF | 78464A763 |  | 5271210 | 38836 | SH |  | DFND | 2 | 0 | 0 | 38836 |
| SPDR SERIES TRUST | BLOOMBERG SHT TE | 78468R408 |  | 51564029 | 2023706 | SH |  | DFND | 2 | 0 | 0 | 2023706 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 1020868 | 12310 | SH |  | DFND | 2 | 0 | 0 | 12310 |
| SYSCO CORP | COM | 871829107 |  | 1348778 | 17808 | SH |  | DFND | 2 | 0 | 0 | 17808 |
| TEXAS INSTRS INC | COM | 882508104 |  | 5085029 | 24492 | SH |  | DFND | 2 | 0 | 0 | 24492 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 9251141 | 19775 | SH |  | DFND | 2 | 0 | 0 | 19775 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 22121793 | 70910 | SH |  | DFND | 2 | 0 | 0 | 70910 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 354510 | 5245 | SH |  | DFND | 2 | 0 | 0 | 5245 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1009860 | 19398 | SH |  | DFND | 2 | 0 | 0 | 19398 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1115477 | 12525 | SH |  | DFND | 2 | 0 | 0 | 12525 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9341253 | 16445 | SH |  | DFND | 2 | 0 | 0 | 16445 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 282101 | 2195 | SH |  | DFND | 2 | 0 | 0 | 2195 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 3689857 | 44499 | SH |  | DFND | 2 | 0 | 0 | 44499 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 6200499 | 81693 | SH |  | DFND | 2 | 0 | 0 | 81693 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 7342223 | 92355 | SH |  | DFND | 2 | 0 | 0 | 92355 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 102880 | 938 | SH |  | DFND | 2 | 0 | 0 | 938 |
| VANGUARD WORLD FD | CONSUM DIS ETF | 92204A108 |  | 720654 | 1989 | SH |  | DFND | 2 | 0 | 0 | 1989 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 11059531 | 16674 | SH |  | DFND | 2 | 0 | 0 | 16674 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 1076802 | 4336 | SH |  | DFND | 2 | 0 | 0 | 4336 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 722090 | 16688 | SH |  | DFND | 2 | 0 | 0 | 16688 |
| WISDOMTREE TR | CLOUD COMPUTNG | 97717Y691 |  | 2114407 | 58506 | SH |  | DFND | 2 | 0 | 0 | 58506 |
| WISDOMTREE TR | EM EX ST-OWNED | 97717X578 |  | 81062 | 2351 | SH |  | DFND | 2 | 0 | 0 | 2351 |
| BLOCK INC | CL A | 852234103 |  | 61675685 | 907930 | SH |  | DFND | 4 | 907930 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 130050126 | 471846 | SH |  | DFND | 1 | 471846 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 505722860 | 9247081 | SH |  | DFND | 1 | 9247081 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 2314772968 | 13364740 | SH |  | DFND | 1 | 13364740 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 143426400 | 260000 | SH |  | DFND | 1 | 260000 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 48810400 | 680000 | SH |  | DFND | 1 | 680000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 609632595 | 986700 | SH |  | DFND | 1 | 986700 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 139276500 | 550000 | SH |  | DFND | 1 | 550000 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 403364800 | 3680000 | SH |  | DFND | 1 | 3680000 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 1979170 | 272238 | SH |  | DFND |  | 272238 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 545653 | 5091 | SH |  | DFND |  | 5091 | 0 | 0 |

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