# EDGAR Filing Document

**Accession Number:** 0001810558
**File Stem:** 0001172661-26-002259
**Filing Date:** 2026-5
**Character Count:** 69866
**Document Hash:** c4b7039f17e744f7cbb241df09a6f714
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002259.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002259

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inspire Advisors, LLC
- **CENTRAL INDEX KEY:** 0001810558

**ORGANIZATION NAME:**
- **EIN:** 833041859
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20763
- **FILM NUMBER:** 26986027

**BUSINESS ADDRESS:**
- **STREET 1:** 3597 E. MONARCH SKY LN.
- **STREET 2:** SUITE 330
- **CITY:** MERIDIAN
- **STATE:** ID
- **ZIP:** 83646
- **BUSINESS PHONE:** 208-994-0891

**MAIL ADDRESS:**
- **STREET 1:** 3597 E. MONARCH SKY LN.
- **STREET 2:** SUITE 330
- **CITY:** MERIDIAN
- **STATE:** ID
- **ZIP:** 83646

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Inspire Advisors LLC<br>**Address:** 3597 E. Monarch Sky Ln.<br>Suite 330<br>Meridian, ID 83646

**Form 13F File Number:** 028-20763

**CRD Number (if applicable):** 000300279

**SEC File Number (if applicable):** 801-114673

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:** Aaron Moon<br>**Title:** Chief Compliance Officer/Investment Adviser Representative<br>**Phone:** 208-994-0891

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

/s/ Aaron Moon  Meridian, ID  05-15-2026<br>[Signature]  [City, State]  [Date]

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

[x] **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).)

[ ] **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:** 1

**Form 13F Information Table Entry Total:** 663

**Form 13F Information Table Value Total:** $1227472088

      (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   |
|:---|:---|:---|
|  | Inspire Investing LLC | 028-18624              |

### 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 |
| ALPS ETF TR | ELECTRIFICATION | 00162Q338 |  | 2585129 | 65719 | SH |  | DFND | 1 | 0 | 0 | 65719 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 208008 | 3152 | SH |  | DFND | 1 | 0 | 0 | 3152 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 373998 | 3643 | SH |  | DFND | 1 | 0 | 0 | 3643 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 220315 | 1083 | SH |  | DFND | 1 | 0 | 0 | 1083 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 338324 | 1179 | SH |  | DFND | 1 | 0 | 0 | 1179 |
| ALLSTATE CORP | COM | 020002101 |  | 339556 | 1638 | SH |  | DFND | 1 | 0 | 0 | 1638 |
| AMERICAN CENTY ETF TR | DIVERSIFIED MU | 025072505 |  | 274274 | 5480 | SH |  | DFND | 1 | 0 | 0 | 5480 |
| ALBEMARLE CORP | COM | 012653101 |  | 297874 | 1659 | SH |  | DFND | 1 | 0 | 0 | 1659 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 223510 | 6072 | SH |  | DFND | 1 | 0 | 0 | 6072 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 594901 | 5385 | SH |  | DFND | 1 | 0 | 0 | 5385 |
| BLUE BIRD CORP | COM | 095306106 |  | 244027 | 4297 | SH |  | DFND | 1 | 0 | 0 | 4297 |
| AMERICAN CENTY ETF TR | US EQT ETF | 025072885 |  | 474446 | 4267 | SH |  | DFND | 1 | 0 | 0 | 4267 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1249274 | 2607 | SH |  | DFND | 1 | 0 | 0 | 2607 |
| AMERICAN CENTY ETF TR | INTL EQT ETF | 025072703 |  | 527654 | 6219 | SH |  | DFND | 1 | 0 | 0 | 6219 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 980973 | 54438 | SH |  | DFND | 1 | 0 | 0 | 54438 |
| BLUEROCK PVT REAL ESTATE FD | COM | 09631P102 |  | 281051 | 16921 | SH |  | DFND | 1 | 0 | 0 | 16921 |
| BONDBLOXX ETF TRUST | IR M TAX AWARE | 09789C663 |  | 425407 | 8480 | SH |  | DFND | 1 | 0 | 0 | 8480 |
| BERKLEY W R CORP | COM | 084423102 |  | 1119444 | 16890 | SH |  | DFND | 1 | 0 | 0 | 16890 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 364739 | 2692 | SH |  | DFND | 1 | 0 | 0 | 2692 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 351907 | 3524 | SH |  | DFND | 1 | 0 | 0 | 3524 |
| AON PLC | SHS CL A | G0403H108 |  | 260483 | 807 | SH |  | DFND | 1 | 0 | 0 | 807 |
| BONDBLOXX ETF TRUST | BONDBLOXX PRIVAT | 09789C671 |  | 2385616 | 48518 | SH |  | DFND | 1 | 0 | 0 | 48518 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57213 | 100 | SH | Call | DFND | 1 | 0 | 0 | 100 |
| CALAMOS ETF TR | AUTOCALLABLE INC | 12811T571 |  | 797304 | 31715 | SH |  | DFND | 1 | 0 | 0 | 31715 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 260136 | 400 | SH | Call | DFND | 1 | 0 | 0 | 400 |
| COHERENT CORP | COM | 19247G107 |  | 268463 | 1127 | SH |  | DFND | 1 | 0 | 0 | 1127 |
| AMAZON COM INC | COM | 023135106 |  | 20827 | 100 | SH | Call | DFND | 1 | 0 | 0 | 100 |
| CAPITAL GRP FIXED INCM ETF T | CORE PLUS INCM | 14020Y102 |  | 4566396 | 204404 | SH |  | DFND | 1 | 0 | 0 | 204404 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 4554 | 200 | SH | Call | DFND | 1 | 0 | 0 | 200 |
| CACI INTL INC | CL A | 127190304 |  | 278461 | 512 | SH |  | DFND | 1 | 0 | 0 | 512 |
| CORNING INC | COM | 219350105 |  | 227342 | 1672 | SH |  | DFND | 1 | 0 | 0 | 1672 |
| CISCO SYS INC | COM | 17275R102 |  | 244287 | 3148 | SH |  | DFND | 1 | 0 | 0 | 3148 |
| CAPITAL GRP FIXED INCM ETF T | US MULTI-SECTOR | 14020Y300 |  | 1894254 | 69565 | SH |  | DFND | 1 | 0 | 0 | 69565 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 262608 | 1600 | SH |  | DFND | 1 | 0 | 0 | 1600 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 467287 | 4129 | SH |  | DFND | 1 | 0 | 0 | 4129 |
| CAMECO CORP | COM | 13321L108 |  | 212224 | 1954 | SH |  | DFND | 1 | 0 | 0 | 1954 |
| DAVIS FUNDAMENTAL ETF TR | SELECT FINL | 23908L108 |  | 2765103 | 61666 | SH |  | DFND | 1 | 0 | 0 | 61666 |
| COUPANG INC | CL A | 22266T109 |  | 1888 | 100 | SH | Call | DFND | 1 | 0 | 0 | 100 |
| CAPITAL GRP FIXED INCM ETF T | SHORT DURATION | 14020Y409 |  | 2933299 | 113738 | SH |  | DFND | 1 | 0 | 0 | 113738 |
| CIENA CORP | COM NEW | 171779309 |  | 248079 | 639 | SH |  | DFND | 1 | 0 | 0 | 639 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 |  | 940173 | 19764 | SH |  | DFND | 1 | 0 | 0 | 19764 |
| SAMSARA INC | COM CL A | 79589L106 |  | 3169 | 100 | SH | Call | DFND | 1 | 0 | 0 | 100 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 291238 | 3417 | SH |  | DFND | 1 | 0 | 0 | 3417 |
| COTERRA ENERGY INC | COM | 127097103 |  | 228659 | 6507 | SH |  | DFND | 1 | 0 | 0 | 6507 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 14020Y201 |  | 2666346 | 98208 | SH |  | DFND | 1 | 0 | 0 | 98208 |
| CARLISLE COS INC | COM | 142339100 |  | 227826 | 683 | SH |  | DFND | 1 | 0 | 0 | 683 |
| CAVA GROUP INC | COM | 148929102 |  | 544538 | 6731 | SH |  | DFND | 1 | 0 | 0 | 6731 |
| CAPITAL SOUTHWEST CORP | COM | 140501107 |  | 323129 | 14608 | SH |  | DFND | 1 | 0 | 0 | 14608 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 208918 | 2946 | SH |  | DFND | 1 | 0 | 0 | 2946 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHRT | 61774R858 |  | 437657 | 8720 | SH |  | DFND | 1 | 0 | 0 | 8720 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 987306 | 12329 | SH |  | DFND | 1 | 0 | 0 | 12329 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1112811 | 8499 | SH |  | DFND | 1 | 0 | 0 | 8499 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 6682298 | 171958 | SH |  | DFND | 1 | 0 | 0 | 171958 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 347165 | 7243 | SH |  | DFND | 1 | 0 | 0 | 7243 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 1224617 | 19809 | SH |  | DFND | 1 | 0 | 0 | 19809 |
| FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 33738D101 |  | 235186 | 5387 | SH |  | DFND | 1 | 0 | 0 | 5387 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 504385 | 14848 | SH |  | DFND | 1 | 0 | 0 | 14848 |
| ENTEGRIS INC | COM | 29362U104 |  | 889681 | 7589 | SH |  | DFND | 1 | 0 | 0 | 7589 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 |  | 266420 | 3611 | SH |  | DFND | 1 | 0 | 0 | 3611 |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 |  | 12107 | 11000 | PRN |  | DFND | 1 | 0 | 0 | 11000 |
| FIDELITY COVINGTON TRUST | INT VL FCT ETF | 316092717 |  | 1449906 | 41652 | SH |  | DFND | 1 | 0 | 0 | 41652 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 204143 | 2870 | SH |  | DFND | 1 | 0 | 0 | 2870 |
| ENBRIDGE INC | COM | 29250N105 |  | 1367583 | 25260 | SH |  | DFND | 1 | 0 | 0 | 25260 |
| ENVISTA HOLDINGS CORPORATION | NOTE 1.750% 8/1 | 29415FAD6 |  | 9970 | 10000 | PRN |  | DFND | 1 | 0 | 0 | 10000 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 1427440 | 38831 | SH |  | DFND | 1 | 0 | 0 | 38831 |
| FIRST TR EXCH TRADED FD III | CALIF MUN INCM | 33739P863 |  | 459676 | 9402 | SH |  | DFND | 1 | 0 | 0 | 9402 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 278257 | 5742 | SH |  | DFND | 1 | 0 | 0 | 5742 |
| FIDELITY MERRIMACK STR TR | MUN BD OPPORTUN | 316188853 |  | 214606 | 4241 | SH |  | DFND | 1 | 0 | 0 | 4241 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 |  | 244298 | 13277 | SH |  | DFND | 1 | 0 | 0 | 13277 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 212939 | 4036 | SH |  | DFND | 1 | 0 | 0 | 4036 |
| INNOVATOR ETFS TRUST | EQUITY MNGD 100 | 45784N619 |  | 322198 | 12223 | SH |  | DFND | 1 | 0 | 0 | 12223 |
| IDACORP INC | COM | 451107106 |  | 492246 | 3443 | SH |  | DFND | 1 | 0 | 0 | 3443 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 994032 | 32970 | SH |  | DFND | 1 | 0 | 0 | 32970 |
| GRACO INC | COM | 384109104 |  | 213136 | 2518 | SH |  | DFND | 1 | 0 | 0 | 2518 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 866330 | 169869 | SH |  | DFND | 1 | 0 | 0 | 169869 |
| GALECTIN THERAPEUTICS INC | COM NEW | 363225202 |  | 58855 | 21095 | SH |  | DFND | 1 | 0 | 0 | 21095 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 2579783 | 51034 | SH |  | DFND | 1 | 0 | 0 | 51034 |
| FIRST TR EXCHANGE-TRADED FD | FT VEST S 500 | 33739Q705 |  | 445136 | 9138 | SH |  | DFND | 1 | 0 | 0 | 9138 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F680 |  | 495227 | 11265 | SH |  | DFND | 1 | 0 | 0 | 11265 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1649329 | 6804 | SH |  | DFND | 1 | 0 | 0 | 6804 |
| FRANKLIN TEMPLETON ETF TR | FTSE SOUTH KOREA | 35473P710 |  | 280446 | 7034 | SH |  | DFND | 1 | 0 | 0 | 7034 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F698 |  | 266418 | 5700 | SH |  | DFND | 1 | 0 | 0 | 5700 |
| INNOVATOR ETFS TRUST | DEFINED WLT SHLD | 45783Y855 |  | 350981 | 10488 | SH |  | DFND | 1 | 0 | 0 | 10488 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 460956 | 6507 | SH |  | DFND | 1 | 0 | 0 | 6507 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 10486 | 12000 | PRN |  | DFND | 1 | 0 | 0 | 12000 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 236450 | 3654 | SH |  | DFND | 1 | 0 | 0 | 3654 |
| GLOBAL X FDS | U S ELECTRIFICAT | 37960A370 |  | 664586 | 20665 | SH |  | DFND | 1 | 0 | 0 | 20665 |
| SPINNAKER ETF SERIES | GENTER CAP MUNIC | 84858T780 |  | 238262 | 23270 | SH |  | DFND | 1 | 0 | 0 | 23270 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 228673 | 2098 | SH |  | DFND | 1 | 0 | 0 | 2098 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 584265 | 4109 | SH |  | DFND | 1 | 0 | 0 | 4109 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 482995 | 13335 | SH |  | DFND | 1 | 0 | 0 | 13335 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 382907 | 7374 | SH |  | DFND | 1 | 0 | 0 | 7374 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 713121 | 6361 | SH |  | DFND | 1 | 0 | 0 | 6361 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C508 |  | 270645 | 5867 | SH |  | DFND | 1 | 0 | 0 | 5867 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 2089043 | 35907 | SH |  | DFND | 1 | 0 | 0 | 35907 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 720367 | 3753 | SH |  | DFND | 1 | 0 | 0 | 3753 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 17556478 | 860190 | SH |  | DFND | 1 | 0 | 0 | 860190 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 317815 | 10482 | SH |  | DFND | 1 | 0 | 0 | 10482 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 4497781 | 79354 | SH |  | DFND | 1 | 0 | 0 | 79354 |
| ISHARES TR | MBS ETF | 464288588 |  | 5276647 | 55573 | SH |  | DFND | 1 | 0 | 0 | 55573 |
| INNOVATOR ETFS TRUST | US EQT PWR BUF | 45782C870 |  | 309286 | 7771 | SH |  | DFND | 1 | 0 | 0 | 7771 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 4249250 | 22153 | SH |  | DFND | 1 | 0 | 0 | 22153 |
| INNOVATOR ETFS TRUST | INNOVATOR US EQ | 45783Y475 |  | 325454 | 9689 | SH |  | DFND | 1 | 0 | 0 | 9689 |
| INVESCO EXCHANGE TRADED FD T | S 500 GARP ETF | 46137V431 |  | 1396047 | 12972 | SH |  | DFND | 1 | 0 | 0 | 12972 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 936051 | 3900 | SH |  | DFND | 1 | 0 | 0 | 3900 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 782172 | 3154 | SH |  | DFND | 1 | 0 | 0 | 3154 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 808465 | 1401 | SH |  | DFND | 1 | 0 | 0 | 1401 |
| ISHARES U S ETF TR | IT RT HDG HGYL | 46431W606 |  | 4325565 | 50526 | SH |  | DFND | 1 | 0 | 0 | 50526 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE BOND ETF | 46654Q716 |  | 505489 | 9401 | SH |  | DFND | 1 | 0 | 0 | 9401 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 589961 | 11655 | SH |  | DFND | 1 | 0 | 0 | 11655 |
| ISHARES TR | INVESTMENT GRADE | 46435G219 |  | 363985 | 8078 | SH |  | DFND | 1 | 0 | 0 | 8078 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 508470 | 4566 | SH |  | DFND | 1 | 0 | 0 | 4566 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 310181 | 4630 | SH |  | DFND | 1 | 0 | 0 | 4630 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 325852 | 1543 | SH |  | DFND | 1 | 0 | 0 | 1543 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 |  | 262785 | 3109 | SH |  | DFND | 1 | 0 | 0 | 3109 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C813 |  | 306649 | 6671 | SH |  | DFND | 1 | 0 | 0 | 6671 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 249556 | 2615 | SH |  | DFND | 1 | 0 | 0 | 2615 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2935633 | 29164 | SH |  | DFND | 1 | 0 | 0 | 29164 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 846989 | 15256 | SH |  | DFND | 1 | 0 | 0 | 15256 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1139346 | 7345 | SH |  | DFND | 1 | 0 | 0 | 7345 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 496358 | 2031 | SH |  | DFND | 1 | 0 | 0 | 2031 |
| ISHARES INC | EMNG MKTS EQT | 46434G889 |  | 746745 | 12357 | SH |  | DFND | 1 | 0 | 0 | 12357 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 241569 | 13947 | SH |  | DFND | 1 | 0 | 0 | 13947 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 532403 | 5286 | SH |  | DFND | 1 | 0 | 0 | 5286 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1596763 | 21476 | SH |  | DFND | 1 | 0 | 0 | 21476 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 436062 | 8613 | SH |  | DFND | 1 | 0 | 0 | 8613 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 326378 | 7669 | SH |  | DFND | 1 | 0 | 0 | 7669 |
| INNOVATOR ETFS TRUST | US EQTY PWR BUF | 45782C797 |  | 297631 | 6904 | SH |  | DFND | 1 | 0 | 0 | 6904 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 945366 | 9246 | SH |  | DFND | 1 | 0 | 0 | 9246 |
| ISHARES TR | S 100 ETF | 464287101 |  | 1166304 | 3667 | SH |  | DFND | 1 | 0 | 0 | 3667 |
| INVESCO EXCH TRADED FD TR II | S MIDCP LOW | 46138E198 |  | 382807 | 6079 | SH |  | DFND | 1 | 0 | 0 | 6079 |
| INVESCO EXCH TRADED FD TR II | GLOBAL EX US HGH | 46138E669 |  | 12861377 | 662616 | SH |  | DFND | 1 | 0 | 0 | 662616 |
| ISHARES TR | INTL EQTY FACTOR | 46434V274 |  | 501852 | 12881 | SH |  | DFND | 1 | 0 | 0 | 12881 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 238987 | 28933 | SH |  | DFND | 1 | 0 | 0 | 28933 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 273490 | 3477 | SH |  | DFND | 1 | 0 | 0 | 3477 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1944302 | 17189 | SH |  | DFND | 1 | 0 | 0 | 17189 |
| MERCK  CO INC | COM | 58933Y105 |  | 306201 | 2546 | SH |  | DFND | 1 | 0 | 0 | 2546 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 203018 | 601 | SH |  | DFND | 1 | 0 | 0 | 601 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 872876 | 1444 | SH |  | DFND | 1 | 0 | 0 | 1444 |
| NNN REIT INC | COM | 637417106 |  | 1249904 | 29738 | SH |  | DFND | 1 | 0 | 0 | 29738 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 1211891 | 21235 | SH |  | DFND | 1 | 0 | 0 | 21235 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 823050 | 16317 | SH |  | DFND | 1 | 0 | 0 | 16317 |
| META PLATFORMS INC | CL A | 30303M102 |  | 711315 | 1243 | SH |  | DFND | 1 | 0 | 0 | 1243 |
| MERITAGE HOMES CORP | NOTE 1.750% 5/1 | 59001ABF8 |  | 10634 | 11000 | PRN |  | DFND | 1 | 0 | 0 | 11000 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1562209 | 16820 | SH |  | DFND | 1 | 0 | 0 | 16820 |
| TIDAL TRUST II | RET STCKD GL STK | 88636J204 |  | 217119 | 7979 | SH |  | DFND | 1 | 0 | 0 | 7979 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 1943273 | 38519 | SH |  | DFND | 1 | 0 | 0 | 38519 |
| PGIM ETF TR | ACTV HY BD ETF | 69344A206 |  | 8501249 | 245488 | SH |  | DFND | 1 | 0 | 0 | 245488 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 226208 | 4312 | SH |  | DFND | 1 | 0 | 0 | 4312 |
| PPL CORP | COM | 69351T106 |  | 202815 | 5309 | SH |  | DFND | 1 | 0 | 0 | 5309 |
| SAMSARA INC | COM CL A | 79589L106 |  | 209186 | 6601 | SH |  | DFND | 1 | 0 | 0 | 6601 |
| PGIM ETF TR | FLOATING RT INC | 69344A883 |  | 1817708 | 37320 | SH |  | DFND | 1 | 0 | 0 | 37320 |
| PEPSICO INC | COM | 713448108 |  | 232181 | 1495 | SH |  | DFND | 1 | 0 | 0 | 1495 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 130068 | 200 | SH | Put | DFND | 1 | 0 | 0 | 200 |
| PIMCO ETF TR | SR LN ACTIVE ETF | 72201R627 |  | 1396993 | 28291 | SH |  | DFND | 1 | 0 | 0 | 28291 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 1178879 | 22588 | SH |  | DFND | 1 | 0 | 0 | 22588 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 39902 | 15288 | SH |  | DFND | 1 | 0 | 0 | 15288 |
| RTX CORPORATION | COM | 75513E101 |  | 280965 | 1457 | SH |  | DFND | 1 | 0 | 0 | 1457 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 263951 | 1596 | SH |  | DFND | 1 | 0 | 0 | 1596 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 941090 | 15043 | SH |  | DFND | 1 | 0 | 0 | 15043 |
| SAIA INC | COM | 78709Y105 |  | 209714 | 597 | SH |  | DFND | 1 | 0 | 0 | 597 |
| ORRSTOWN FINL SVCS INC | COM | 687380105 |  | 1165817 | 32312 | SH |  | DFND | 1 | 0 | 0 | 32312 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A201 |  | 544578 | 5636 | SH |  | DFND | 1 | 0 | 0 | 5636 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 324888 | 2216 | SH |  | DFND | 1 | 0 | 0 | 2216 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 203813 | 8777 | SH |  | DFND | 1 | 0 | 0 | 8777 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A805 |  | 775975 | 9815 | SH |  | DFND | 1 | 0 | 0 | 9815 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 264012 | 6645 | SH |  | DFND | 1 | 0 | 0 | 6645 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 3424105 | 102090 | SH |  | DFND | 1 | 0 | 0 | 102090 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A847 |  | 521151 | 8800 | SH |  | DFND | 1 | 0 | 0 | 8800 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R804 |  | 599122 | 3364 | SH |  | DFND | 1 | 0 | 0 | 3364 |
| SPROTT FDS TR | SPROTT CRITICAL | 85208P402 |  | 3288582 | 99413 | SH |  | DFND | 1 | 0 | 0 | 99413 |
| SIMPLIFY EXCHANGE TRADED FUN | MANAGED FUTURES | 82889N699 |  | 227301 | 7522 | SH |  | DFND | 1 | 0 | 0 | 7522 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 362619 | 3957 | SH |  | DFND | 1 | 0 | 0 | 3957 |
| SEMPRA | COM | 816851109 |  | 237242 | 2442 | SH |  | DFND | 1 | 0 | 0 | 2442 |
| SCHWAB STRATEGIC TR | INTERNL DIVID | 808524672 |  | 1176299 | 37154 | SH |  | DFND | 1 | 0 | 0 | 37154 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A300 |  | 264722 | 2799 | SH |  | DFND | 1 | 0 | 0 | 2799 |
| STELLUS CAP INVT CORP | COM | 858568108 |  | 1023752 | 111157 | SH |  | DFND | 1 | 0 | 0 | 111157 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X103 |  | 318519 | 6216 | SH |  | DFND | 1 | 0 | 0 | 6216 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R606 |  | 17226158 | 738686 | SH |  | DFND | 1 | 0 | 0 | 738686 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 235279 | 1560 | SH |  | DFND | 1 | 0 | 0 | 1560 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X889 |  | 1305263 | 28593 | SH |  | DFND | 1 | 0 | 0 | 28593 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 263284 | 568 | SH |  | DFND | 1 | 0 | 0 | 568 |
| SSGA ACTIVE TR | STATE STREET BLA | 78470P846 |  | 4274209 | 153528 | SH |  | DFND | 1 | 0 | 0 | 153528 |
| SOUTHERN CO | COM | 842587107 |  | 464234 | 4810 | SH |  | DFND | 1 | 0 | 0 | 4810 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X509 |  | 240156 | 5119 | SH |  | DFND | 1 | 0 | 0 | 5119 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 3777423 | 38581 | SH |  | DFND | 1 | 0 | 0 | 38581 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A649 |  | 605902 | 23650 | SH |  | DFND | 1 | 0 | 0 | 23650 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 2979558 | 23327 | SH |  | DFND | 1 | 0 | 0 | 23327 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 694045 | 28042 | SH |  | DFND | 1 | 0 | 0 | 28042 |
| TC ENERGY CORP | COM | 87807B107 |  | 1501009 | 23978 | SH |  | DFND | 1 | 0 | 0 | 23978 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 880650 | 5445 | SH |  | DFND | 1 | 0 | 0 | 5445 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 12246 | 11000 | PRN |  | DFND | 1 | 0 | 0 | 11000 |
| TEMA ETF TRUST | AMERICAN RESH | 87975E602 |  | 3643050 | 73183 | SH |  | DFND | 1 | 0 | 0 | 73183 |
| EA SERIES TRUST | TBG DIVIDEND FOC | 02072L375 |  | 203865 | 5848 | SH |  | DFND | 1 | 0 | 0 | 5848 |
| TIMOTHY PLAN | HIG DV STK ETF | 887432326 |  | 2133642 | 51587 | SH |  | DFND | 1 | 0 | 0 | 51587 |
| LISTED FDS TR | SWAN HEDGED EQTY | 53656F599 |  | 5729571 | 231966 | SH |  | DFND | 1 | 0 | 0 | 231966 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 435984 | 670 | SH |  | DFND | 1 | 0 | 0 | 670 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A284 |  | 1133587 | 45709 | SH |  | DFND | 1 | 0 | 0 | 45709 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 789598 | 15993 | SH |  | DFND | 1 | 0 | 0 | 15993 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A672 |  | 6592408 | 230021 | SH |  | DFND | 1 | 0 | 0 | 230021 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 332330 | 6653 | SH |  | DFND | 1 | 0 | 0 | 6653 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 293498 | 1188 | SH |  | DFND | 1 | 0 | 0 | 1188 |
| VANECK ETF TRUST | PREFERRED SECURT | 92189F429 |  | 1042563 | 59439 | SH |  | DFND | 1 | 0 | 0 | 59439 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 633739 | 3439 | SH |  | DFND | 1 | 0 | 0 | 3439 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 438371 | 6841 | SH |  | DFND | 1 | 0 | 0 | 6841 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 577866 | 6983 | SH |  | DFND | 1 | 0 | 0 | 6983 |
| VISA INC | COM CL A | 92826C839 |  | 655134 | 2168 | SH |  | DFND | 1 | 0 | 0 | 2168 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 754330 | 2788 | SH |  | DFND | 1 | 0 | 0 | 2788 |
| VICTORY PORTFOLIOS II | SHARES INTERNATN | 92647X749 |  | 1928293 | 69806 | SH |  | DFND | 1 | 0 | 0 | 69806 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 1943224 | 20095 | SH |  | DFND | 1 | 0 | 0 | 20095 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 713196 | 1194 | SH |  | DFND | 1 | 0 | 0 | 1194 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 987688 | 1416 | SH |  | DFND | 1 | 0 | 0 | 1416 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 1153888 | 12309 | SH |  | DFND | 1 | 0 | 0 | 12309 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 252653 | 9850 | SH |  | DFND | 1 | 0 | 0 | 9850 |
| UNION PAC CORP | COM | 907818108 |  | 218944 | 902 | SH |  | DFND | 1 | 0 | 0 | 902 |
| TJX COS INC NEW | COM | 872540109 |  | 314225 | 1968 | SH |  | DFND | 1 | 0 | 0 | 1968 |
| VANGUARD MUN BD FDS | CORE TAX EXEMPT | 922907712 |  | 636259 | 8467 | SH |  | DFND | 1 | 0 | 0 | 8467 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 1507302 | 32104 | SH |  | DFND | 1 | 0 | 0 | 32104 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1631801 | 4256 | SH |  | DFND | 1 | 0 | 0 | 4256 |
| WISDOMTREE TR | INTERNATIONL EFI | 97717Y634 |  | 209972 | 4771 | SH |  | DFND | 1 | 0 | 0 | 4771 |
| XCEL ENERGY INC | COM | 98389B100 |  | 234157 | 2948 | SH |  | DFND | 1 | 0 | 0 | 2948 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 464586 | 5289 | SH |  | DFND | 1 | 0 | 0 | 5289 |
| WISDOMTREE TR | US EFFICIENT COR | 97717Y790 |  | 485360 | 9307 | SH |  | DFND | 1 | 0 | 0 | 9307 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 8242287 | 165874 | SH |  | DFND | 1 | 0 | 0 | 165874 |
| WEST FRASER TIMBER LTD | COM | 952845105 |  | 415179 | 6359 | SH |  | DFND | 1 | 0 | 0 | 6359 |
| WELLS FARGO  CO | COM | 949746101 |  | 540208 | 6786 | SH |  | DFND | 1 | 0 | 0 | 6786 |
| PHOTRONICS INC | COM | 719405102 |  | 3033406 | 75066 | SH |  | DFND | 1 | 0 | 0 | 75066 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1532426 | 16601 | SH |  | DFND | 1 | 0 | 0 | 16601 |
| INVESCO ACTIVELY MANAGED EXC | VAR RATE INVT | 46090A879 |  | 1855428 | 74113 | SH |  | DFND | 1 | 0 | 0 | 74113 |
| UNIFIED SER TR | ONEASCENT EMGRG | 90470L469 |  | 1665125 | 41302 | SH |  | DFND | 1 | 0 | 0 | 41302 |
| ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 90400P101 |  | 186877 | 33916 | SH |  | DFND | 1 | 0 | 0 | 33916 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 721261 | 8633 | SH |  | DFND | 1 | 0 | 0 | 8633 |
| COEUR MNG INC | COM NEW | 192108504 |  | 692102 | 36873 | SH |  | DFND | 1 | 0 | 0 | 36873 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 435330 | 2400 | SH |  | DFND | 1 | 0 | 0 | 2400 |
| NATIONAL BEVERAGE CORP | COM | 635017106 |  | 241357 | 7173 | SH |  | DFND | 1 | 0 | 0 | 7173 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1381264 | 71568 | SH |  | DFND | 1 | 0 | 0 | 71568 |
| NORTHERN LTS FD TR IV | INSPIRE SML/ MID | 66538H641 |  | 57756784 | 1445003 | SH |  | DFND | 1 | 0 | 0 | 1445003 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 863251 | 20002 | SH |  | DFND | 1 | 0 | 0 | 20002 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 542218 | 1640 | SH |  | DFND | 1 | 0 | 0 | 1640 |
| AIR LEASE CORP | CL A | 00912X302 |  | 219490 | 3380 | SH |  | DFND | 1 | 0 | 0 | 3380 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 302834 | 10917 | SH |  | DFND | 1 | 0 | 0 | 10917 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2066739 | 4803 | SH |  | DFND | 1 | 0 | 0 | 4803 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 731954 | 3924 | SH |  | DFND | 1 | 0 | 0 | 3924 |
| NATIONAL HEALTHCARE CORP | COM | 635906100 |  | 227172 | 1423 | SH |  | DFND | 1 | 0 | 0 | 1423 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 4796466 | 84774 | SH |  | DFND | 1 | 0 | 0 | 84774 |
| AMETEK INC | COM | 031100100 |  | 1595628 | 7444 | SH |  | DFND | 1 | 0 | 0 | 7444 |
| CINTAS CORP | COM | 172908105 |  | 1323722 | 7826 | SH |  | DFND | 1 | 0 | 0 | 7826 |
| SIMMONS FIRST NATL CORP | CL A $1 PAR | 828730200 |  | 2759754 | 141890 | SH |  | DFND | 1 | 0 | 0 | 141890 |
| ABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 003264108 |  | 1631544 | 22784 | SH |  | DFND | 1 | 0 | 0 | 22784 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 278444 | 2095 | SH |  | DFND | 1 | 0 | 0 | 2095 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 303442 | 1397 | SH |  | DFND | 1 | 0 | 0 | 1397 |
| WEX INC | COM | 96208T104 |  | 218016 | 1425 | SH |  | DFND | 1 | 0 | 0 | 1425 |
| SM ENERGY COMPANY | COM | 78454L100 |  | 405252 | 12997 | SH |  | DFND | 1 | 0 | 0 | 12997 |
| CATERPILLAR INC | COM | 149123101 |  | 5511999 | 7781 | SH |  | DFND | 1 | 0 | 0 | 7781 |
| UPBOUND GROUP INC | COM | 76009N100 |  | 2645712 | 146577 | SH |  | DFND | 1 | 0 | 0 | 146577 |
| PENTAIR PLC | SHS | G7S00T104 |  | 599869 | 6886 | SH |  | DFND | 1 | 0 | 0 | 6886 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 498956 | 3493 | SH |  | DFND | 1 | 0 | 0 | 3493 |
| ENEL CHILE SA | SPONSORED ADR | 29278D105 |  | 135335 | 34349 | SH |  | DFND | 1 | 0 | 0 | 34349 |
| STANDEX INTL CORP | COM | 854231107 |  | 211527 | 830 | SH |  | DFND | 1 | 0 | 0 | 830 |
| LIGAND PHARMACEUTICALS INC | COM NEW | 53220K504 |  | 231815 | 1161 | SH |  | DFND | 1 | 0 | 0 | 1161 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 613437 | 3607 | SH |  | DFND | 1 | 0 | 0 | 3607 |
| WALMART INC | COM | 931142103 |  | 1702256 | 13697 | SH |  | DFND | 1 | 0 | 0 | 13697 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 2835363 | 2846 | SH |  | DFND | 1 | 0 | 0 | 2846 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 259610 | 2810 | SH |  | DFND | 1 | 0 | 0 | 2810 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4244886 | 46890 | SH |  | DFND | 1 | 0 | 0 | 46890 |
| NEOS ETF TRUST | NEOS ENH INC 1-3 | 78433H501 |  | 2418109 | 48576 | SH |  | DFND | 1 | 0 | 0 | 48576 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 637851 | 4390 | SH |  | DFND | 1 | 0 | 0 | 4390 |
| STERIS PLC | SHS USD | G8473T100 |  | 639656 | 2893 | SH |  | DFND | 1 | 0 | 0 | 2893 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 281337 | 2455 | SH |  | DFND | 1 | 0 | 0 | 2455 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 1056374 | 3984 | SH |  | DFND | 1 | 0 | 0 | 3984 |
| ONE GAS INC | COM | 68235P108 |  | 3071744 | 35664 | SH |  | DFND | 1 | 0 | 0 | 35664 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 2802363 | 102164 | SH |  | DFND | 1 | 0 | 0 | 102164 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 |  | 347848 | 19980 | SH |  | DFND | 1 | 0 | 0 | 19980 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 772912 | 3083 | SH |  | DFND | 1 | 0 | 0 | 3083 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2961443 | 9231 | SH |  | DFND | 1 | 0 | 0 | 9231 |
| SIMPLIFY EXCHANGE TRADED FUN | INTMD TERM TRSRY | 82889N798 |  | 721078 | 54918 | SH |  | DFND | 1 | 0 | 0 | 54918 |
| GENERAC HLDGS INC | COM | 368736104 |  | 295114 | 1511 | SH |  | DFND | 1 | 0 | 0 | 1511 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 507599 | 1483 | SH |  | DFND | 1 | 0 | 0 | 1483 |
| NEOGEN CORP | COM | 640491106 |  | 527180 | 56747 | SH |  | DFND | 1 | 0 | 0 | 56747 |
| QUALCOMM INC | COM | 747525103 |  | 3649196 | 28336 | SH |  | DFND | 1 | 0 | 0 | 28336 |
| HOLOGIC INC | COM | 436440101 |  | 671056 | 8878 | SH |  | DFND | 1 | 0 | 0 | 8878 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 200374 | 3082 | SH |  | DFND | 1 | 0 | 0 | 3082 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 309405 | 21531 | SH |  | DFND | 1 | 0 | 0 | 21531 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 |  | 1015435 | 12605 | SH |  | DFND | 1 | 0 | 0 | 12605 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 244176 | 1135 | SH |  | DFND | 1 | 0 | 0 | 1135 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 1560041 | 64279 | SH |  | DFND | 1 | 0 | 0 | 64279 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 618461 | 838 | SH |  | DFND | 1 | 0 | 0 | 838 |
| WINMARK CORP | COM | 974250102 |  | 234550 | 549 | SH |  | DFND | 1 | 0 | 0 | 549 |
| C H ROBINSON WORLDWIDE IN | COM NEW | 12541W209 |  | 675942 | 4070 | SH |  | DFND | 1 | 0 | 0 | 4070 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 310588 | 3523 | SH |  | DFND | 1 | 0 | 0 | 3523 |
| TOPBUILD COR | COM | 89055F103 |  | 283030 | 806 | SH |  | DFND | 1 | 0 | 0 | 806 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 3558757 | 27978 | SH |  | DFND | 1 | 0 | 0 | 27978 |
| ROGERS CORP | COM | 775133101 |  | 210158 | 1958 | SH |  | DFND | 1 | 0 | 0 | 1958 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 281204 | 4069 | SH |  | DFND | 1 | 0 | 0 | 4069 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 265808 | 12574 | SH |  | DFND | 1 | 0 | 0 | 12574 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 203476 | 13574 | SH |  | DFND | 1 | 0 | 0 | 13574 |
| MONGODB INC | CL A | 60937P106 |  | 1592824 | 6507 | SH |  | DFND | 1 | 0 | 0 | 6507 |
| COUPANG INC | CL A | 22266T109 |  | 312398 | 16547 | SH |  | DFND | 1 | 0 | 0 | 16547 |
| OCEANEERING INTL INC | COM | 675232102 |  | 284054 | 8008 | SH |  | DFND | 1 | 0 | 0 | 8008 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 2689707 | 40037 | SH |  | DFND | 1 | 0 | 0 | 40037 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 2073902 | 54808 | SH |  | DFND | 1 | 0 | 0 | 54808 |
| ISHARES TR | CORE S ETF | 464287200 |  | 4515557 | 6913 | SH |  | DFND | 1 | 0 | 0 | 6913 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 341125 | 32121 | SH |  | DFND | 1 | 0 | 0 | 32121 |
| APPLE INC | COM | 037833100 |  | 5820861 | 22936 | SH |  | DFND | 1 | 0 | 0 | 22936 |
| TOAST INC | CL A | 888787108 |  | 588948 | 22216 | SH |  | DFND | 1 | 0 | 0 | 22216 |
| WATERS CORP | COM | 941848103 |  | 214794 | 721 | SH |  | DFND | 1 | 0 | 0 | 721 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 1460683 | 63757 | SH |  | DFND | 1 | 0 | 0 | 63757 |
| W  T OFFSHORE INC | COM | 92922P106 |  | 286294 | 83957 | SH |  | DFND | 1 | 0 | 0 | 83957 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 1288572 | 26607 | SH |  | DFND | 1 | 0 | 0 | 26607 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 690369 | 8331 | SH |  | DFND | 1 | 0 | 0 | 8331 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 536307 | 7871 | SH |  | DFND | 1 | 0 | 0 | 7871 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 221213 | 1035 | SH |  | DFND | 1 | 0 | 0 | 1035 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 253425 | 1752 | SH |  | DFND | 1 | 0 | 0 | 1752 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 928374 | 2704 | SH |  | DFND | 1 | 0 | 0 | 2704 |
| SERVISFIRST BANCSHARES INC | COM | 81768T108 |  | 607138 | 8337 | SH |  | DFND | 1 | 0 | 0 | 8337 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 29719696 | 590380 | SH |  | DFND | 1 | 0 | 0 | 590380 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 490017 | 5966 | SH |  | DFND | 1 | 0 | 0 | 5966 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 229121 | 11042 | SH |  | DFND | 1 | 0 | 0 | 11042 |
| MANNKIND CORP | COM NEW | 56400P706 |  | 100870 | 41172 | SH |  | DFND | 1 | 0 | 0 | 41172 |
| DATADOG INC | CL A COM | 23804L103 |  | 1094837 | 9274 | SH |  | DFND | 1 | 0 | 0 | 9274 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 713778 | 7327 | SH |  | DFND | 1 | 0 | 0 | 7327 |
| AMAZON COM INC | COM | 023135106 |  | 1070675 | 5141 | SH |  | DFND | 1 | 0 | 0 | 5141 |
| INCYTE CORP | COM | 45337C102 |  | 1878166 | 19955 | SH |  | DFND | 1 | 0 | 0 | 19955 |
| CONTROLADORA VUELA COMP DE A | SPON ADR RP 10 | 21240E105 |  | 112171 | 15493 | SH |  | DFND | 1 | 0 | 0 | 15493 |
| STANTEC INC | COM | 85472N109 |  | 298920 | 3460 | SH |  | DFND | 1 | 0 | 0 | 3460 |
| FORTINET INC | COM | 34959E109 |  | 1308713 | 16014 | SH |  | DFND | 1 | 0 | 0 | 16014 |
| 3M CO | COM | 88579Y101 |  | 732748 | 5045 | SH |  | DFND | 1 | 0 | 0 | 5045 |
| FIRST FINL BANKSHARES INC | COM | 32020R109 |  | 208768 | 7089 | SH |  | DFND | 1 | 0 | 0 | 7089 |
| MESABI TR | CTF BEN INT | 590672101 |  | 233998 | 7428 | SH |  | DFND | 1 | 0 | 0 | 7428 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 4106319 | 56491 | SH |  | DFND | 1 | 0 | 0 | 56491 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 779398 | 5610 | SH |  | DFND | 1 | 0 | 0 | 5610 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 306961 | 9433 | SH |  | DFND | 1 | 0 | 0 | 9433 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 1138859 | 24371 | SH |  | DFND | 1 | 0 | 0 | 24371 |
| BONDBLOXX ETF TRUST | BLOOMBERG THREE | 09789C846 |  | 2385723 | 48187 | SH |  | DFND | 1 | 0 | 0 | 48187 |
| UBIQUITI INC | COM | 90353W103 |  | 1006762 | 1274 | SH |  | DFND | 1 | 0 | 0 | 1274 |
| SEMTECH CORP | COM | 816850101 |  | 282719 | 3677 | SH |  | DFND | 1 | 0 | 0 | 3677 |
| HOME DEPOT INC | COM | 437076102 |  | 1264998 | 3846 | SH |  | DFND | 1 | 0 | 0 | 3846 |
| DYCOM INDS INC | COM | 267475101 |  | 1196714 | 3532 | SH |  | DFND | 1 | 0 | 0 | 3532 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 613040 | 2461 | SH |  | DFND | 1 | 0 | 0 | 2461 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 235982 | 6485 | SH |  | DFND | 1 | 0 | 0 | 6485 |
| FLOWSERVE CORP | COM | 34354P105 |  | 259430 | 3529 | SH |  | DFND | 1 | 0 | 0 | 3529 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 226448 | 706 | SH |  | DFND | 1 | 0 | 0 | 706 |
| CEMEX SA EURO MTN BE 144A | SPON ADR NEW | 151290889 |  | 133874 | 11702 | SH |  | DFND | 1 | 0 | 0 | 11702 |
| CORVEL CORP | COM | 221006109 |  | 221037 | 4045 | SH |  | DFND | 1 | 0 | 0 | 4045 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 502284 | 5071 | SH |  | DFND | 1 | 0 | 0 | 5071 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 342983 | 4668 | SH |  | DFND | 1 | 0 | 0 | 4668 |
| ABBVIE INC | COM | 00287Y109 |  | 425415 | 1956 | SH |  | DFND | 1 | 0 | 0 | 1956 |
| MICROSOFT CORP | COM | 594918104 |  | 2477719 | 6693 | SH |  | DFND | 1 | 0 | 0 | 6693 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 678189 | 7913 | SH |  | DFND | 1 | 0 | 0 | 7913 |
| NEWMONT CORP | COM | 651639106 |  | 2317400 | 21408 | SH |  | DFND | 1 | 0 | 0 | 21408 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 |  | 543941 | 17116 | SH |  | DFND | 1 | 0 | 0 | 17116 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 1235404 | 5361 | SH |  | DFND | 1 | 0 | 0 | 5361 |
| CINEMARK HLDGS INC | COM | 17243V102 |  | 229976 | 8063 | SH |  | DFND | 1 | 0 | 0 | 8063 |
| NORTHERN LTS FD TR IV | INSPIRE INTL ETF | 66538H419 |  | 108900077 | 2912545 | SH |  | DFND | 1 | 0 | 0 | 2912545 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 422914 | 1564 | SH |  | DFND | 1 | 0 | 0 | 1564 |
| EDISON INTL | COM | 281020107 |  | 460941 | 6299 | SH |  | DFND | 1 | 0 | 0 | 6299 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 2413792 | 31536 | SH |  | DFND | 1 | 0 | 0 | 31536 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 484310 | 2840 | SH |  | DFND | 1 | 0 | 0 | 2840 |
| FEDEX CORP | COM | 31428X106 |  | 818742 | 2299 | SH |  | DFND | 1 | 0 | 0 | 2299 |
| HUNTSMAN CORP | COM | 447011107 |  | 257373 | 19337 | SH |  | DFND | 1 | 0 | 0 | 19337 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 2758374 | 39815 | SH |  | DFND | 1 | 0 | 0 | 39815 |
| BADGER METER INC | COM | 056525108 |  | 327678 | 2151 | SH |  | DFND | 1 | 0 | 0 | 2151 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 952533 | 2339 | SH |  | DFND | 1 | 0 | 0 | 2339 |
| STRIVE INC | CL A COM | 862945300 |  | 194799 | 19441 | SH |  | DFND | 1 | 0 | 0 | 19441 |
| BLACK HILLS CORP | COM | 092113109 |  | 503730 | 7257 | SH |  | DFND | 1 | 0 | 0 | 7257 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 225131 | 2453 | SH |  | DFND | 1 | 0 | 0 | 2453 |
| KINROSS GOLD CORP | COM | 496902404 |  | 1516722 | 49696 | SH |  | DFND | 1 | 0 | 0 | 49696 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 544572 | 8064 | SH |  | DFND | 1 | 0 | 0 | 8064 |
| DORCHESTER MINERALS L P | COM UNIT | 25820R105 |  | 261241 | 9640 | SH |  | DFND | 1 | 0 | 0 | 9640 |
| NORTHERN LTS FD TR IV | INSPIRE 100 ETF | 66538H534 |  | 55936566 | 1186353 | SH |  | DFND | 1 | 0 | 0 | 1186353 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 642797 | 1902 | SH |  | DFND | 1 | 0 | 0 | 1902 |
| DAY ONE BIOPHARMACEUTICALS I | COM | 23954D109 |  | 507724 | 23681 | SH |  | DFND | 1 | 0 | 0 | 23681 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 142682 | 21521 | SH |  | DFND | 1 | 0 | 0 | 21521 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 1181923 | 9626 | SH |  | DFND | 1 | 0 | 0 | 9626 |
| ARROW ELECTRS INC | COM | 042735100 |  | 269073 | 1876 | SH |  | DFND | 1 | 0 | 0 | 1876 |
| ITRON INC | COM | 465741106 |  | 200426 | 2236 | SH |  | DFND | 1 | 0 | 0 | 2236 |
| FS SPECIALTY LENDING FD | COM SH BEN INT | 644323107 |  | 170436 | 13624 | SH |  | DFND | 1 | 0 | 0 | 13624 |
| SCORPIO TANKERS INC | SHS | Y7542C130 |  | 3746424 | 50180 | SH |  | DFND | 1 | 0 | 0 | 50180 |
| TECHNIPFMC PLC | COM | G87110105 |  | 871464 | 12606 | SH |  | DFND | 1 | 0 | 0 | 12606 |
| TREX INC | COM | 89531P105 |  | 231599 | 6359 | SH |  | DFND | 1 | 0 | 0 | 6359 |
| NORTHERN LTS FD TR IV | INSPIRE FIDELIS | 66538H187 |  | 28321067 | 766677 | SH |  | DFND | 1 | 0 | 0 | 766677 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 479728 | 8299 | SH |  | DFND | 1 | 0 | 0 | 8299 |
| COMFORT SYS USA INC | COM | 199908104 |  | 525487 | 381 | SH |  | DFND | 1 | 0 | 0 | 381 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 325205 | 6921 | SH |  | DFND | 1 | 0 | 0 | 6921 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 251202 | 15401 | SH |  | DFND | 1 | 0 | 0 | 15401 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 880120 | 13313 | SH |  | DFND | 1 | 0 | 0 | 13313 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1232500 | 4343 | SH |  | DFND | 1 | 0 | 0 | 4343 |
| AT INC | COM | 00206R102 |  | 371178 | 12804 | SH |  | DFND | 1 | 0 | 0 | 12804 |
| FASTENAL CO | COM | 311900104 |  | 438631 | 9453 | SH |  | DFND | 1 | 0 | 0 | 9453 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 721031 | 2662 | SH |  | DFND | 1 | 0 | 0 | 2662 |
| NORTHERN LTS FD TR IV | INSPIRE CORP BD | 66538H633 |  | 103248084 | 4327789 | SH |  | DFND | 1 | 0 | 0 | 4327789 |
| BROADCOM INC | COM | 11135F101 |  | 2251662 | 7274 | SH |  | DFND | 1 | 0 | 0 | 7274 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 2874458 | 26205 | SH |  | DFND | 1 | 0 | 0 | 26205 |
| EXLSERVICE HLDGS INC | COM | 302081104 |  | 462172 | 15178 | SH |  | DFND | 1 | 0 | 0 | 15178 |
| REALTY INCOME CORP | COM | 756109104 |  | 1306655 | 21358 | SH |  | DFND | 1 | 0 | 0 | 21358 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 757150 | 6383 | SH |  | DFND | 1 | 0 | 0 | 6383 |
| NUTANIX INC | CL A | 67059N108 |  | 494613 | 13013 | SH |  | DFND | 1 | 0 | 0 | 13013 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 571446 | 4166 | SH |  | DFND | 1 | 0 | 0 | 4166 |
| MACERICH CO | COM | 554382101 |  | 264375 | 13988 | SH |  | DFND | 1 | 0 | 0 | 13988 |
| AXCELIS TECHNOLOGIES INC | COM NEW | 054540208 |  | 2737604 | 29411 | SH |  | DFND | 1 | 0 | 0 | 29411 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 381144 | 4126 | SH |  | DFND | 1 | 0 | 0 | 4126 |
| EQUIFAX INC | COM | 294429105 |  | 661405 | 3673 | SH |  | DFND | 1 | 0 | 0 | 3673 |
| EXCELERATE ENERGY INC | CL A COM | 30069T101 |  | 312163 | 9340 | SH |  | DFND | 1 | 0 | 0 | 9340 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 1175882 | 18772 | SH |  | DFND | 1 | 0 | 0 | 18772 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 543805 | 5903 | SH |  | DFND | 1 | 0 | 0 | 5903 |
| OKLO INC | COM CL A | 02156V109 |  | 249421 | 5030 | SH |  | DFND | 1 | 0 | 0 | 5030 |
| NATHANS FAMOUS INC | COM | 632347100 |  | 246811 | 2450 | SH |  | DFND | 1 | 0 | 0 | 2450 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 2853277 | 109237 | SH |  | DFND | 1 | 0 | 0 | 109237 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 645739 | 6921 | SH |  | DFND | 1 | 0 | 0 | 6921 |
| UNITED MICROELECTRONICS CORP | SPON ADR NEW | 910873405 |  | 155472 | 17313 | SH |  | DFND | 1 | 0 | 0 | 17313 |
| MASCO CORP | COM | 574599106 |  | 617240 | 10224 | SH |  | DFND | 1 | 0 | 0 | 10224 |
| NUCOR CORP | COM | 670346105 |  | 883306 | 5224 | SH |  | DFND | 1 | 0 | 0 | 5224 |
| CHEVRON CORPORATION | COM | 166764100 |  | 707808 | 3421 | SH |  | DFND | 1 | 0 | 0 | 3421 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 277511 | 8157 | SH |  | DFND | 1 | 0 | 0 | 8157 |
| AFLAC INC | COM | 001055102 |  | 639938 | 5833 | SH |  | DFND | 1 | 0 | 0 | 5833 |
| KOREA ELEC PWR CORP | SPONSORED ADR | 500631106 |  | 143280 | 10054 | SH |  | DFND | 1 | 0 | 0 | 10054 |
| LEAR CORP | COM NEW | 521865204 |  | 211700 | 1749 | SH |  | DFND | 1 | 0 | 0 | 1749 |
| AMERICAN ASSETS TR INC | COM | 024013104 |  | 187587 | 10190 | SH |  | DFND | 1 | 0 | 0 | 10190 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 4182611 | 83038 | SH |  | DFND | 1 | 0 | 0 | 83038 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 235864 | 8190 | SH |  | DFND | 1 | 0 | 0 | 8190 |
| VISTANCE NETWORKS INC | COM | 20337X109 |  | 734176 | 40339 | SH |  | DFND | 1 | 0 | 0 | 40339 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 205839 | 4265 | SH |  | DFND | 1 | 0 | 0 | 4265 |
| WAYFAIR INC | CL A | 94419L101 |  | 650938 | 8655 | SH |  | DFND | 1 | 0 | 0 | 8655 |
| NORTHERN LTS FD TR IV | INSPIRE 500 ETF | 66537J796 |  | 66869335 | 266885 | SH |  | DFND | 1 | 0 | 0 | 266885 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2426191 | 19517 | SH |  | DFND | 1 | 0 | 0 | 19517 |
| MASTERCRAFT BOAT HLDGS INC | COM | 57637H103 |  | 244299 | 11911 | SH |  | DFND | 1 | 0 | 0 | 11911 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 650481 | 4529 | SH |  | DFND | 1 | 0 | 0 | 4529 |
| GE VERNOVA INC | COM | 36828A101 |  | 305171 | 349 | SH |  | DFND | 1 | 0 | 0 | 349 |
| MUELLER INDS INC | COM | 624756102 |  | 226471 | 2044 | SH |  | DFND | 1 | 0 | 0 | 2044 |
| LITHIA MTRS INC | COM | 536797103 |  | 675968 | 2708 | SH |  | DFND | 1 | 0 | 0 | 2708 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 380215 | 4102 | SH |  | DFND | 1 | 0 | 0 | 4102 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 239464 | 3605 | SH |  | DFND | 1 | 0 | 0 | 3605 |
| BUILD-A-BEAR WORKSHOP INC | COM | 120076104 |  | 291390 | 7781 | SH |  | DFND | 1 | 0 | 0 | 7781 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 655178 | 13445 | SH |  | DFND | 1 | 0 | 0 | 13445 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 246073 | 4042 | SH |  | DFND | 1 | 0 | 0 | 4042 |
| BONDBLOXX ETF TRUST | IR M TAXAWARE | 09789C721 |  | 700959 | 13865 | SH |  | DFND | 1 | 0 | 0 | 13865 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 4090724 | 41581 | SH |  | DFND | 1 | 0 | 0 | 41581 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 3096166 | 91440 | SH |  | DFND | 1 | 0 | 0 | 91440 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 623478 | 12781 | SH |  | DFND | 1 | 0 | 0 | 12781 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 |  | 144730 | 32893 | SH |  | DFND | 1 | 0 | 0 | 32893 |
| HF SINCLAIR CORP | COM | 403949100 |  | 286121 | 4586 | SH |  | DFND | 1 | 0 | 0 | 4586 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 313306 | 799 | SH |  | DFND | 1 | 0 | 0 | 799 |
| DILLARDS INC | CL A | 254067101 |  | 627434 | 1097 | SH |  | DFND | 1 | 0 | 0 | 1097 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 600585 | 17439 | SH |  | DFND | 1 | 0 | 0 | 17439 |
| EVERGY INC | COM | 30034W106 |  | 3153021 | 38489 | SH |  | DFND | 1 | 0 | 0 | 38489 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 309361 | 4120 | SH |  | DFND | 1 | 0 | 0 | 4120 |
| SERIES PORTFOLIOS TR | ELDRIDGE BBB B | 81752T528 |  | 1241531 | 48403 | SH |  | DFND | 1 | 0 | 0 | 48403 |
| ABRDN ETFS | BBRG ALL COMMDY | 003261203 |  | 2839011 | 79346 | SH |  | DFND | 1 | 0 | 0 | 79346 |
| XPEL INC | COM | 98379L100 |  | 568385 | 12842 | SH |  | DFND | 1 | 0 | 0 | 12842 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 212793 | 5035 | SH |  | DFND | 1 | 0 | 0 | 5035 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 438016 | 602 | SH |  | DFND | 1 | 0 | 0 | 602 |
| GLOBAL X FDS | 1-3 MONTH T-BILL | 37960A438 |  | 3792082 | 37785 | SH |  | DFND | 1 | 0 | 0 | 37785 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 217985 | 2996 | SH |  | DFND | 1 | 0 | 0 | 2996 |
| EDGEWELL PERSONAL CARE CO | COM | 28035Q102 |  | 230331 | 10793 | SH |  | DFND | 1 | 0 | 0 | 10793 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 661989 | 3862 | SH |  | DFND | 1 | 0 | 0 | 3862 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 308288 | 2336 | SH |  | DFND | 1 | 0 | 0 | 2336 |
| LCI INDS | COM | 50189K103 |  | 2697372 | 21933 | SH |  | DFND | 1 | 0 | 0 | 21933 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 2384226 | 151669 | SH |  | DFND | 1 | 0 | 0 | 151669 |
| FIRST MERCHANTS CORP | COM | 320817109 |  | 2785320 | 71916 | SH |  | DFND | 1 | 0 | 0 | 71916 |
| SEI INVTS CO | COM | 784117103 |  | 623217 | 7942 | SH |  | DFND | 1 | 0 | 0 | 7942 |
| D R HORTON INC | COM | 23331A109 |  | 708391 | 5163 | SH |  | DFND | 1 | 0 | 0 | 5163 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 206226 | 5461 | SH |  | DFND | 1 | 0 | 0 | 5461 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 596211 | 10079 | SH |  | DFND | 1 | 0 | 0 | 10079 |
| RAMBUS INC DEL | COM | 750917106 |  | 635144 | 7383 | SH |  | DFND | 1 | 0 | 0 | 7383 |
| WILLDAN GROUP INC | COM | 96924N100 |  | 589086 | 7694 | SH |  | DFND | 1 | 0 | 0 | 7694 |
| H2O AMERICA | COM | 784305104 |  | 439303 | 7488 | SH |  | DFND | 1 | 0 | 0 | 7488 |
| TERADYNE INC | COM | 880770102 |  | 350684 | 1183 | SH |  | DFND | 1 | 0 | 0 | 1183 |
| MSCI INC | COM | 55354G100 |  | 239637 | 445 | SH |  | DFND | 1 | 0 | 0 | 445 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 424648 | 2905 | SH |  | DFND | 1 | 0 | 0 | 2905 |
| GENUINE PARTS CO | COM | 372460105 |  | 2961842 | 28008 | SH |  | DFND | 1 | 0 | 0 | 28008 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 725675 | 420 | SH |  | DFND | 1 | 0 | 0 | 420 |
| ARGAN INC | COM | 04010E109 |  | 244003 | 448 | SH |  | DFND | 1 | 0 | 0 | 448 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 322323 | 2253 | SH |  | DFND | 1 | 0 | 0 | 2253 |
| BONDBLOXX ETF TRUST | BLOOMBERG FVE YR | 09789C838 |  | 2743316 | 55803 | SH |  | DFND | 1 | 0 | 0 | 55803 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 833759 | 932 | SH |  | DFND | 1 | 0 | 0 | 932 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 647907 | 11087 | SH |  | DFND | 1 | 0 | 0 | 11087 |
| BBB FOODS INC | CL A COM | G0896C103 |  | 356103 | 10068 | SH |  | DFND | 1 | 0 | 0 | 10068 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 130863 | 36250 | SH |  | DFND | 1 | 0 | 0 | 36250 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 2753182 | 84169 | SH |  | DFND | 1 | 0 | 0 | 84169 |
| YETI HLDGS INC | COM | 98585X104 |  | 703527 | 19227 | SH |  | DFND | 1 | 0 | 0 | 19227 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 279901 | 76476 | SH |  | DFND | 1 | 0 | 0 | 76476 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 279614 | 582 | SH |  | DFND | 1 | 0 | 0 | 582 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 949041 | 4671 | SH |  | DFND | 1 | 0 | 0 | 4671 |
| ANDERSONS INC | COM | 034164103 |  | 251354 | 3501 | SH |  | DFND | 1 | 0 | 0 | 3501 |
| APTIV PLC | COM SHS | G3265R107 |  | 643403 | 9266 | SH |  | DFND | 1 | 0 | 0 | 9266 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1480316 | 9413 | SH |  | DFND | 1 | 0 | 0 | 9413 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 557272 | 5054 | SH |  | DFND | 1 | 0 | 0 | 5054 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 744743 | 1256 | SH |  | DFND | 1 | 0 | 0 | 1256 |
| BONDBLOXX ETF TRUST | BLOOMBERG ONE YR | 09789C861 |  | 297093 | 5999 | SH |  | DFND | 1 | 0 | 0 | 5999 |
| TIMOTHY PLAN | INTL ETF | 887432334 |  | 634510 | 17605 | SH |  | DFND | 1 | 0 | 0 | 17605 |
| LENNOX INTL INC | COM | 526107107 |  | 1399883 | 3017 | SH |  | DFND | 1 | 0 | 0 | 3017 |
| FTI CONSULTING INC | COM | 302941109 |  | 648443 | 3668 | SH |  | DFND | 1 | 0 | 0 | 3668 |
| ELI LILLY  CO | COM | 532457108 |  | 411480 | 447 | SH |  | DFND | 1 | 0 | 0 | 447 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 874586 | 6569 | SH |  | DFND | 1 | 0 | 0 | 6569 |
| VIASAT INC | COM | 92552V100 |  | 3232390 | 70576 | SH |  | DFND | 1 | 0 | 0 | 70576 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 2746793 | 76855 | SH |  | DFND | 1 | 0 | 0 | 76855 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 419025 | 5643 | SH |  | DFND | 1 | 0 | 0 | 5643 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 212977 | 6981 | SH |  | DFND | 1 | 0 | 0 | 6981 |
| NEW JERSEY RES CORP | COM | 646025106 |  | 3108220 | 56595 | SH |  | DFND | 1 | 0 | 0 | 56595 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1339960 | 45999 | SH |  | DFND | 1 | 0 | 0 | 45999 |
| DOLLAR GEN CORP | COM | 256677105 |  | 1094335 | 9217 | SH |  | DFND | 1 | 0 | 0 | 9217 |
| EXELIXIS INC | COM | 30161Q104 |  | 731837 | 17063 | SH |  | DFND | 1 | 0 | 0 | 17063 |
| RLI CORP | COM | 749607107 |  | 2605811 | 45684 | SH |  | DFND | 1 | 0 | 0 | 45684 |
| FOUR CORNERS PPTY TR INC | COM | 35086T109 |  | 202474 | 8562 | SH |  | DFND | 1 | 0 | 0 | 8562 |
| MINERALS TECHNOLOGIES INC | COM | 603158106 |  | 215438 | 3038 | SH |  | DFND | 1 | 0 | 0 | 3038 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1960089 | 28102 | SH |  | DFND | 1 | 0 | 0 | 28102 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 1155864 | 34228 | SH |  | DFND | 1 | 0 | 0 | 34228 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 437546 | 19216 | SH |  | DFND | 1 | 0 | 0 | 19216 |
| ORACLE CORP | COM | 68389X105 |  | 212778 | 1447 | SH |  | DFND | 1 | 0 | 0 | 1447 |
| POOL CORP | COM | 73278L105 |  | 220243 | 1088 | SH |  | DFND | 1 | 0 | 0 | 1088 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 1958173 | 29195 | SH |  | DFND | 1 | 0 | 0 | 29195 |
| GARMIN LTD | SHS | H2906T109 |  | 723615 | 3118 | SH |  | DFND | 1 | 0 | 0 | 3118 |
| REPUBLIC BANCORP INC KY | CL A | 760281204 |  | 2761405 | 39141 | SH |  | DFND | 1 | 0 | 0 | 39141 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 360168 | 12322 | SH |  | DFND | 1 | 0 | 0 | 12322 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 1453674 | 35638 | SH |  | DFND | 1 | 0 | 0 | 35638 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 449020 | 3109 | SH |  | DFND | 1 | 0 | 0 | 3109 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 950843 | 22532 | SH |  | DFND | 1 | 0 | 0 | 22532 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 147585 | 40434 | SH |  | DFND | 1 | 0 | 0 | 40434 |
| KLA CORP | COM NEW | 482480100 |  | 791831 | 538 | SH |  | DFND | 1 | 0 | 0 | 538 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 238118 | 16121 | SH |  | DFND | 1 | 0 | 0 | 16121 |
| 1ST FINL BANCORP | COM | 320209109 |  | 208913 | 7494 | SH |  | DFND | 1 | 0 | 0 | 7494 |
| INSULET CORP | COM | 45784P101 |  | 597847 | 2849 | SH |  | DFND | 1 | 0 | 0 | 2849 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 2968203 | 73708 | SH |  | DFND | 1 | 0 | 0 | 73708 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1383881 | 12316 | SH |  | DFND | 1 | 0 | 0 | 12316 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 5062015 | 29836 | SH |  | DFND | 1 | 0 | 0 | 29836 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 214069 | 36406 | SH |  | DFND | 1 | 0 | 0 | 36406 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 633705 | 4010 | SH |  | DFND | 1 | 0 | 0 | 4010 |
| OLLIES BARGAIN OUTLET HLDGS | COM | 681116109 |  | 522959 | 5682 | SH |  | DFND | 1 | 0 | 0 | 5682 |
| SIMPLIFY EXCHANGE TRADED FUN | GAMMA EMERGING | 82889N459 |  | 3211168 | 124031 | SH |  | DFND | 1 | 0 | 0 | 124031 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 646090 | 2950 | SH |  | DFND | 1 | 0 | 0 | 2950 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740U703 |  | 775470 | 27695 | SH |  | DFND | 1 | 0 | 0 | 27695 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 795095 | 9344 | SH |  | DFND | 1 | 0 | 0 | 9344 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 882826 | 8820 | SH |  | DFND | 1 | 0 | 0 | 8820 |
| CSX CORP | COM | 126408103 |  | 810977 | 19756 | SH |  | DFND | 1 | 0 | 0 | 19756 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 |  | 4603250 | 184795 | SH |  | DFND | 1 | 0 | 0 | 184795 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 240652 | 15126 | SH |  | DFND | 1 | 0 | 0 | 15126 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 1136629 | 69180 | SH |  | DFND | 1 | 0 | 0 | 69180 |
| PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 |  | 263268 | 4760 | SH |  | DFND | 1 | 0 | 0 | 4760 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 685426 | 19838 | SH |  | DFND | 1 | 0 | 0 | 19838 |
| PAYCHEX INC | COM | 704326107 |  | 230137 | 2498 | SH |  | DFND | 1 | 0 | 0 | 2498 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 792243 | 13478 | SH |  | DFND | 1 | 0 | 0 | 13478 |
| UNIFIED SER TR | ONEASCENT INTL | 90470L444 |  | 3415118 | 79316 | SH |  | DFND | 1 | 0 | 0 | 79316 |
| AUTOZONE INC | COM | 053332102 |  | 798194 | 236 | SH |  | DFND | 1 | 0 | 0 | 236 |
| LG DISPLAY CO LTD | SPONS ADR REP | 50186V102 |  | 126718 | 32659 | SH |  | DFND | 1 | 0 | 0 | 32659 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 343544 | 9694 | SH |  | DFND | 1 | 0 | 0 | 9694 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 281432 | 2831 | SH |  | DFND | 1 | 0 | 0 | 2831 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1052466 | 5185 | SH |  | DFND | 1 | 0 | 0 | 5185 |
| DOCUSIGN INC | COM | 256163106 |  | 560957 | 11832 | SH |  | DFND | 1 | 0 | 0 | 11832 |
| ROCKET LAB CORP | COM | 773121108 |  | 672963 | 10479 | SH |  | DFND | 1 | 0 | 0 | 10479 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 222156 | 5277 | SH |  | DFND | 1 | 0 | 0 | 5277 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 576624 | 1629 | SH |  | DFND | 1 | 0 | 0 | 1629 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 738770 | 16395 | SH |  | DFND | 1 | 0 | 0 | 16395 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 631982 | 501 | SH |  | DFND | 1 | 0 | 0 | 501 |
| SIGA TECHNOLOGIES INC | COM | 826917106 |  | 218403 | 40823 | SH |  | DFND | 1 | 0 | 0 | 40823 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 650536 | 8219 | SH |  | DFND | 1 | 0 | 0 | 8219 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 244131 | 4300 | SH |  | DFND | 1 | 0 | 0 | 4300 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 971030 | 3301 | SH |  | DFND | 1 | 0 | 0 | 3301 |
| SLB LIMITED | COM STK | 806857108 |  | 823268 | 16020 | SH |  | DFND | 1 | 0 | 0 | 16020 |
| DYNE THERAPEUTICS INC | COM | 26818M108 |  | 214745 | 11845 | SH |  | DFND | 1 | 0 | 0 | 11845 |
| TRIMBLE INC | COM | 896239100 |  | 1656992 | 25402 | SH |  | DFND | 1 | 0 | 0 | 25402 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 679623 | 3776 | SH |  | DFND | 1 | 0 | 0 | 3776 |
| SIMPSON MFG INC | COM | 829073105 |  | 890078 | 5186 | SH |  | DFND | 1 | 0 | 0 | 5186 |
| BUCKLE INC | COM | 118440106 |  | 255284 | 5069 | SH |  | DFND | 1 | 0 | 0 | 5069 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 895190 | 6250 | SH |  | DFND | 1 | 0 | 0 | 6250 |
| ARHAUS INC | COM CL A | 04035M102 |  | 204392 | 30147 | SH |  | DFND | 1 | 0 | 0 | 30147 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 225337 | 6055 | SH |  | DFND | 1 | 0 | 0 | 6055 |
| WP CAREY INC | COM | 92936U109 |  | 317900 | 4677 | SH |  | DFND | 1 | 0 | 0 | 4677 |
| ONEOK INC NEW | COM | 682680103 |  | 249525 | 2761 | SH |  | DFND | 1 | 0 | 0 | 2761 |
| ARCHROCK INC | COM | 03957W106 |  | 273946 | 7872 | SH |  | DFND | 1 | 0 | 0 | 7872 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 232276 | 8090 | SH |  | DFND | 1 | 0 | 0 | 8090 |
| NORTHERN LTS FD TR IV | INSPIRE CAPITAL | 66538H393 |  | 68384369 | 2383561 | SH |  | DFND | 1 | 0 | 0 | 2383561 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 481979 | 1410 | SH |  | DFND | 1 | 0 | 0 | 1410 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 293148 | 4619 | SH |  | DFND | 1 | 0 | 0 | 4619 |
| WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 |  | 254343 | 11514 | SH |  | DFND | 1 | 0 | 0 | 11514 |
| FERRARI N V | COM | N3167Y103 |  | 979596 | 2894 | SH |  | DFND | 1 | 0 | 0 | 2894 |
| EOG RES INC | COM | 26875P101 |  | 1488394 | 10295 | SH |  | DFND | 1 | 0 | 0 | 10295 |
| COMPANHIA SIDERURGICA NACION | SPONSORED ADR | 20440W105 |  | 103978 | 83853 | SH |  | DFND | 1 | 0 | 0 | 83853 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 729300 | 32142 | SH |  | DFND | 1 | 0 | 0 | 32142 |
| WINGSTOP INC | COM | 974155103 |  | 258809 | 1670 | SH |  | DFND | 1 | 0 | 0 | 1670 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1564651 | 5441 | SH |  | DFND | 1 | 0 | 0 | 5441 |
| KENNAMETAL INC | COM | 489170100 |  | 231505 | 6408 | SH |  | DFND | 1 | 0 | 0 | 6408 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 277998 | 3697 | SH |  | DFND | 1 | 0 | 0 | 3697 |
| DORIAN LPG LTD | SHS USD | Y2106R110 |  | 254219 | 7433 | SH |  | DFND | 1 | 0 | 0 | 7433 |
| DISNEY WALT CO | COM | 254687106 |  | 205152 | 2129 | SH |  | DFND | 1 | 0 | 0 | 2129 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 13407381 | 300479 | SH |  | DFND | 1 | 0 | 0 | 300479 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1058277 | 4223 | SH |  | DFND | 1 | 0 | 0 | 4223 |
| RESMED INC | COM | 761152107 |  | 1197909 | 5336 | SH |  | DFND | 1 | 0 | 0 | 5336 |
| DEXCOM INC | COM | 252131107 |  | 575585 | 9165 | SH |  | DFND | 1 | 0 | 0 | 9165 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 705961 | 46141 | SH |  | DFND | 1 | 0 | 0 | 46141 |
| OMEGA FLEX INC | COM | 682095104 |  | 244897 | 7889 | SH |  | DFND | 1 | 0 | 0 | 7889 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 846544 | 1938 | SH |  | DFND | 1 | 0 | 0 | 1938 |
| GLOBUS MED INC | CL A | 379577208 |  | 638422 | 7410 | SH |  | DFND | 1 | 0 | 0 | 7410 |
| CIA ENERGETICA DE MINAS GERA | SP ADR N-V PFD | 204409601 |  | 34849 | 14581 | SH |  | DFND | 1 | 0 | 0 | 14581 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 3484276 | 75927 | SH |  | DFND | 1 | 0 | 0 | 75927 |
| CHESAPEAKE UTILS CORP | COM | 165303108 |  | 501891 | 3971 | SH |  | DFND | 1 | 0 | 0 | 3971 |
| CORPAY INC | COM SHS | 219948106 |  | 581691 | 1999 | SH |  | DFND | 1 | 0 | 0 | 1999 |
| BHP BILLITON LIMITED | SPONSORED ADS | 088606108 |  | 765218 | 10520 | SH |  | DFND | 1 | 0 | 0 | 10520 |
| ICL GROUP LTD | SHS | M53213100 |  | 503967 | 97768 | SH |  | DFND | 1 | 0 | 0 | 97768 |
| SSR MINING IN | COM | 784730103 |  | 835233 | 28411 | SH |  | DFND | 1 | 0 | 0 | 28411 |
| APA CORPORATION | COM | 03743Q108 |  | 654980 | 15433 | SH |  | DFND | 1 | 0 | 0 | 15433 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 1132775 | 4246 | SH |  | DFND | 1 | 0 | 0 | 4246 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 508603 | 4588 | SH |  | DFND | 1 | 0 | 0 | 4588 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2257173 | 44963 | SH |  | DFND | 1 | 0 | 0 | 44963 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1815807 | 12414 | SH |  | DFND | 1 | 0 | 0 | 12414 |
| OXFORD INDS INC | COM | 691497309 |  | 2890335 | 75055 | SH |  | DFND | 1 | 0 | 0 | 75055 |
| EVERPURE INC | CL A | 74624M102 |  | 501726 | 8498 | SH |  | DFND | 1 | 0 | 0 | 8498 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4199498 | 24080 | SH |  | DFND | 1 | 0 | 0 | 24080 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 5201836 | 87016 | SH |  | DFND | 1 | 0 | 0 | 87016 |
| ROBERT HALF INC. | COM | 770323103 |  | 409981 | 16140 | SH |  | DFND | 1 | 0 | 0 | 16140 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 560198 | 1952 | SH |  | DFND | 1 | 0 | 0 | 1952 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 328442 | 25034 | SH |  | DFND | 1 | 0 | 0 | 25034 |
| TESLA INC | COM | 88160R101 |  | 1143435 | 3076 | SH |  | DFND | 1 | 0 | 0 | 3076 |
| FIVE BELOW INC | COM | 33829M101 |  | 2205527 | 9654 | SH |  | DFND | 1 | 0 | 0 | 9654 |
| DUTCH BROS INC | CL A | 26701L100 |  | 1100429 | 21722 | SH |  | DFND | 1 | 0 | 0 | 21722 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 504359 | 3057 | SH |  | DFND | 1 | 0 | 0 | 3057 |
| SPS COMM INC | COM | 78463M107 |  | 323710 | 5815 | SH |  | DFND | 1 | 0 | 0 | 5815 |
| AMGEN INC | COM | 031162100 |  | 360485 | 1025 | SH |  | DFND | 1 | 0 | 0 | 1025 |
| NORTHERN LTS FD TR IV | INSPIRE GROWTH E | 66538H369 |  | 11605574 | 312734 | SH |  | DFND | 1 | 0 | 0 | 312734 |
| NORTHERN LTS FD TR IV | INSPIRE GBL HOPE | 66538H658 |  | 3488791 | 78658 | SH |  | DFND | 1 | 0 | 0 | 78658 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 519921 | 2641 | SH |  | DFND | 1 | 0 | 0 | 2641 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 244533 | 2605 | SH |  | DFND | 1 | 0 | 0 | 2605 |
| PACCAR INC | COM | 693718108 |  | 819669 | 7096 | SH |  | DFND | 1 | 0 | 0 | 7096 |
| ENI SPA | SPONSORED ADR | 26874R108 |  | 837126 | 14788 | SH |  | DFND | 1 | 0 | 0 | 14788 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 1955545 | 42337 | SH |  | DFND | 1 | 0 | 0 | 42337 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 680757 | 7245 | SH |  | DFND | 1 | 0 | 0 | 7245 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 300174 | 22932 | SH |  | DFND | 1 | 0 | 0 | 22932 |
| IMPINJ INC | COM | 453204109 |  | 1609491 | 15672 | SH |  | DFND | 1 | 0 | 0 | 15672 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 609624 | 3565 | SH |  | DFND | 1 | 0 | 0 | 3565 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 365990 | 1406 | SH |  | DFND | 1 | 0 | 0 | 1406 |
| TIDAL TRUST I | FOLIOBEYOND ALTE | 886364637 |  | 321756 | 8883 | SH |  | DFND | 1 | 0 | 0 | 8883 |
| HOME BANCSHARES INC | COM | 436893200 |  | 627865 | 23314 | SH |  | DFND | 1 | 0 | 0 | 23314 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 225087 | 15292 | SH |  | DFND | 1 | 0 | 0 | 15292 |
| IDEXX LABS INC | COM | 45168D104 |  | 1341276 | 2387 | SH |  | DFND | 1 | 0 | 0 | 2387 |
| AMPHENOL CORP | CL A | 032095101 |  | 1925483 | 15239 | SH |  | DFND | 1 | 0 | 0 | 15239 |
| BRUNSWICK CORP | COM | 117043109 |  | 204792 | 2814 | SH |  | DFND | 1 | 0 | 0 | 2814 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 3587135 | 91579 | SH |  | DFND | 1 | 0 | 0 | 91579 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 262387 | 7749 | SH |  | DFND | 1 | 0 | 0 | 7749 |
| VIRTUS ETF TR II | SEIX AAA PRIVAAT | 92790A850 |  | 352278 | 14170 | SH |  | DFND | 1 | 0 | 0 | 14170 |
| FS KKR CAP CORP | COM | 302635206 |  | 2159942 | 212175 | SH |  | DFND | 1 | 0 | 0 | 212175 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 2303486 | 75081 | SH |  | DFND | 1 | 0 | 0 | 75081 |
| TURKCELL ILETISIM | SPON ADR NEW | 900111204 |  | 140876 | 23362 | SH |  | DFND | 1 | 0 | 0 | 23362 |
| BANKUNITED INC | COM | 06652K103 |  | 2748832 | 60868 | SH |  | DFND | 1 | 0 | 0 | 60868 |
| F N B CORP | COM | 302520101 |  | 208370 | 12463 | SH |  | DFND | 1 | 0 | 0 | 12463 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1102980 | 6410 | SH |  | DFND | 1 | 0 | 0 | 6410 |
| SERIES PORTFOLIOS TR | ELDRIDGE AAA CLO | 81752T486 |  | 2199021 | 86000 | SH |  | DFND | 1 | 0 | 0 | 86000 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 310752 | 2777 | SH |  | DFND | 1 | 0 | 0 | 2777 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 230435 | 3956 | SH |  | DFND | 1 | 0 | 0 | 3956 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 754994 | 4087 | SH |  | DFND | 1 | 0 | 0 | 4087 |
| UIPATH INC | CL A | 90364P105 |  | 1883437 | 169679 | SH |  | DFND | 1 | 0 | 0 | 169679 |
| CUBESMART | COM | 229663109 |  | 217613 | 5937 | SH |  | DFND | 1 | 0 | 0 | 5937 |
| QUALYS INC | COM | 74758T303 |  | 647832 | 7375 | SH |  | DFND | 1 | 0 | 0 | 7375 |
| DONALDSON INC | COM | 257651109 |  | 968888 | 11416 | SH |  | DFND | 1 | 0 | 0 | 11416 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 795794 | 1910 | SH |  | DFND | 1 | 0 | 0 | 1910 |
| GLOBAL INDUSTRIAL COMPANY | COM | 37892E102 |  | 253763 | 8051 | SH |  | DFND | 1 | 0 | 0 | 8051 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 646197 | 9120 | SH |  | DFND | 1 | 0 | 0 | 9120 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 289923 | 611 | SH |  | DFND | 1 | 0 | 0 | 611 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 891224 | 1049 | SH |  | DFND | 1 | 0 | 0 | 1049 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 326147 | 2340 | SH |  | DFND | 1 | 0 | 0 | 2340 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 982345 | 10592 | SH |  | DFND | 1 | 0 | 0 | 10592 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 1068456 | 2684 | SH |  | DFND | 1 | 0 | 0 | 2684 |
| CELESTICA INC | COM | 15101Q207 |  | 841785 | 2988 | SH |  | DFND | 1 | 0 | 0 | 2988 |
| INMODE LTD | SHS | M5425M103 |  | 1423618 | 104065 | SH |  | DFND | 1 | 0 | 0 | 104065 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 362964 | 16544 | SH |  | DFND | 1 | 0 | 0 | 16544 |

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