# EDGAR Filing Document

**Accession Number:** 0001778131
**File Stem:** 0001778131-26-000003
**Filing Date:** 2026-2
**Character Count:** 68434
**Document Hash:** 27eaf80fc400d584c3e50e8447ae9bb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001778131-26-000003.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001778131-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BI Asset Management Fondsmaeglerselskab A/S
- **CENTRAL INDEX KEY:** 0001778131

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20206
- **FILM NUMBER:** 26618459

**BUSINESS ADDRESS:**
- **STREET 1:** BREDGADE 40
- **CITY:** KOBENHAVN
- **STATE:** G7
- **ZIP:** 1260
- **BUSINESS PHONE:** 004577309000

**MAIL ADDRESS:**
- **STREET 1:** BREDGADE 40
- **CITY:** KOBENHAVN
- **STATE:** G7
- **ZIP:** 1260

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** BI Asset Management Fondsmaeglerselskab A/S<br>**Address:** BREDGADE 40<br>KOBENHAVN, G7 1260

**Form 13F File Number:** 028-20206

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:** Andrea Panzieri<br>**Title:** CIO<br>**Phone:** 004530702196

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

Andrea Panzieri  Copenhagen, G7  02-11-2026<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:** 0

**Form 13F Information Table Entry Total:** 654

**Form 13F Information Table Value Total:** $11329051

      (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.]

**NONE**

### 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 |
| ALIBABA GROUP HLDG LTD SPONSORED ADS | SPONSORED ADS | 01609W102 |  | 16161 | 110257 | SH |  | DFND |  | 81304 | 0 | 28953 |
| ALLSTATE CORP COM | COM | 020002101 |  | 44644 | 214480 | SH |  | DFND |  | 161553 | 0 | 52927 |
| ARCHER DANIELS MIDLAND CO COM | COM | 039483102 |  | 6633 | 115384 | SH |  | DFND |  | 115384 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN COM | COM | 053015103 |  | 25009 | 97223 | SH |  | DFND |  | 55817 | 0 | 41406 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 7344 | 63263 | SH |  | DFND |  | 63263 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC COM NEW | COM NEW | 12541W209 |  | 1973 | 12271 | SH |  | DFND |  | 12271 | 0 | 0 |
| CHURCH  DWIGHT CO INC COM | COM | 171340102 |  | 1674 | 19962 | SH |  | DFND |  | 19962 | 0 | 0 |
| CLOROX CO DEL COM | COM | 189054109 |  | 5411 | 53665 | SH |  | DFND |  | 53665 | 0 | 0 |
| CUMMINS INC COM | COM | 231021106 |  | 43691 | 85593 | SH |  | DFND |  | 60441 | 0 | 25152 |
| DAVITA INC COM | COM | 23918K108 |  | 9770 | 86000 | SH |  | DFND |  | 22539 | 0 | 63461 |
| DOVER CORP COM | COM | 260003108 |  | 2152 | 11024 | SH |  | DFND |  | 11024 | 0 | 0 |
| GILEAD SCIENCES INC COM | COM | 375558103 |  | 55659 | 453467 | SH |  | DFND |  | 358134 | 0 | 95333 |
| HILTON WORLDWIDE HLDGS INC COM | COM | 43300A203 |  | 4828 | 16808 | SH |  | DFND |  | 16808 | 0 | 0 |
| HUBBELL INC COM | COM | 443510607 |  | 14964 | 35942 | SH |  | DFND |  | 35942 | 0 | 0 |
| HUMANA INC COM | COM | 444859102 |  | 1601 | 6251 | SH |  | DFND |  | 6251 | 0 | 0 |
| INTEL CORP COM | COM | 458140100 |  | 8284 | 224493 | SH |  | DFND |  | 224493 | 0 | 0 |
| LOWES COS INC COM | COM | 548661107 |  | 28599 | 130171 | SH |  | DFND |  | 130171 | 0 | 0 |
| M  T BK CORP COM | COM | 55261F104 |  | 2953 | 14655 | SH |  | DFND |  | 9528 | 0 | 5127 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 15156 | 18477 | SH |  | DFND |  | 18477 | 0 | 0 |
| MERCK  CO INC COM | COM | 58933Y105 |  | 141523 | 1357299 | SH |  | DFND |  | 1215277 | 0 | 142022 |
| OKTA INC CL A | CL A | 679295105 |  | 1829 | 21150 | SH |  | DFND |  | 21150 | 0 | 0 |
| PAYCHEX INC COM | COM | 704326107 |  | 24717 | 235071 | SH |  | DFND |  | 175101 | 0 | 59970 |
| QUALCOMM INC COM | COM | 747525103 |  | 44107 | 257861 | SH |  | DFND |  | 179250 | 0 | 78611 |
| SYNOPSYS INC COM | COM | 871607107 |  | 22947 | 48852 | SH |  | DFND |  | 48852 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | COM | 90353T100 |  | 31947 | 390975 | SH |  | DFND |  | 230382 | 0 | 160593 |
| VERTIV HOLDINGS CO COM CL A | COM CL A | 92537N108 |  | 12776 | 78860 | SH |  | DFND |  | 78860 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 10755 | 57943 | SH |  | DFND |  | 57943 | 0 | 0 |
| AVERY DENNISON CORP COM | COM | 053611109 |  | 25442 | 156653 | SH |  | DFND |  | 156653 | 0 | 0 |
| SERVICE CORP INTL COM | COM | 817565104 |  | 24458 | 356316 | SH |  | DFND |  | 356316 | 0 | 0 |
| VIPSHOP HLDGS LTD SPONSORED ADS A | SPONSORED ADS A | 92763W103 |  | 3567 | 201650 | SH |  | DFND |  | 135657 | 0 | 65993 |
| AES CORP COM | COM | 00130H105 |  | 6069 | 423236 | SH |  | DFND |  | 423236 | 0 | 0 |
| AEROVIRONMENT INC COM | COM | 008073108 |  | 4593 | 18989 | SH |  | DFND |  | 18989 | 0 | 0 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 3158 | 18839 | SH |  | DFND |  | 18839 | 0 | 0 |
| BAKER HUGHES COMPANY CL A | CL A | 05722G100 |  | 8609 | 189034 | SH |  | DFND |  | 189034 | 0 | 0 |
| CME GROUP INC COM | COM | 12572Q105 |  | 10039 | 36763 | SH |  | DFND |  | 36763 | 0 | 0 |
| CENTRUS ENERGY CORP CL A | CL A | 15643U104 |  | 4938 | 20342 | SH |  | DFND |  | 20342 | 0 | 0 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 7850 | 38291 | SH |  | DFND |  | 29798 | 0 | 8493 |
| INCYTE CORP COM | COM | 45337C102 |  | 15231 | 154209 | SH |  | DFND |  | 154209 | 0 | 0 |
| INSMED INC COM PAR $.01 | COM | 457669307 |  | 5313 | 30527 | SH |  | DFND |  | 30527 | 0 | 0 |
| IONIS PHARMACEUTICALS INC COM | COM | 462222100 |  | 4911 | 62073 | SH |  | DFND |  | 62073 | 0 | 0 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 5031 | 22319 | SH |  | DFND |  | 22319 | 0 | 0 |
| MARVELL TECHNOLOGY INC COM | COM | 573874104 |  | 9382 | 110403 | SH |  | DFND |  | 110403 | 0 | 0 |
| MOODYS CORP COM | COM | 615369105 |  | 37314 | 73043 | SH |  | DFND |  | 50013 | 0 | 23030 |
| RESIDEO TECHNOLOGIES INC COM | COM | 76118Y104 |  | 3814 | 108591 | SH |  | DFND |  | 108591 | 0 | 0 |
| TESLA INC COM | COM | 88160R101 |  | 107986 | 240118 | SH |  | DFND |  | 240118 | 0 | 0 |
| UNITED AIRLS HLDGS INC COM | COM | 910047109 |  | 19936 | 178288 | SH |  | DFND |  | 90095 | 0 | 88193 |
| VEEVA SYS INC CL A COM | COM | 922475108 |  | 3761 | 16846 | SH |  | DFND |  | 16846 | 0 | 0 |
| WEC ENERGY GROUP INC COM | COM | 92939U106 |  | 3333 | 31603 | SH |  | DFND |  | 31603 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | COM | 256677105 |  | 5499 | 41419 | SH |  | DFND |  | 41419 | 0 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 2292 | 42761 | SH |  | DFND |  | 42761 | 0 | 0 |
| GSK PLC SPONSORED ADR | SPONSORED ADR | 37733W204 |  | 41896 | 854331 | SH |  | DFND |  | 854331 | 0 | 0 |
| TUTOR PERINI CORP COM | COM | 901109108 |  | 807 | 12034 | SH |  | DFND |  | 12034 | 0 | 0 |
| CAE INC COM | COM | 124765108 |  | 649 | 21326 | SH |  | DFND |  | 21326 | 0 | 0 |
| MOHAWK INDS INC COM | COM | 608190104 |  | 469 | 4295 | SH |  | DFND |  | 4295 | 0 | 0 |
| ALBERTSONS COS INC COMMON STOCK | COMMON STOCK | 013091103 |  | 438 | 25483 | SH |  | DFND |  | 25483 | 0 | 0 |
| ATLASSIAN CORPORATION CL A | CL A | 049468101 |  | 1730 | 10667 | SH |  | DFND |  | 10667 | 0 | 0 |
| BAXTER INTL INC COM | COM | 071813109 |  | 454 | 23761 | SH |  | DFND |  | 23761 | 0 | 0 |
| BROWN FORMAN CORP CL B | CL B | 115637209 |  | 198 | 7605 | SH |  | DFND |  | 7605 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC COM | COM | 12008R107 |  | 324 | 3148 | SH |  | DFND |  | 3148 | 0 | 0 |
| COTERRA ENERGY INC COM | COM | 127097103 |  | 725 | 27531 | SH |  | DFND |  | 27531 | 0 | 0 |
| CENTERPOINT ENERGY INC COM | COM | 15189T107 |  | 1210 | 31567 | SH |  | DFND |  | 31567 | 0 | 0 |
| CLOUDFLARE INC CL A COM | COM | 18915M107 |  | 3033 | 15385 | SH |  | DFND |  | 15385 | 0 | 0 |
| COOPER COS INC COM | COM | 216648501 |  | 766 | 9342 | SH |  | DFND |  | 9342 | 0 | 0 |
| COPART INC COM | COM | 217204106 |  | 1377 | 35178 | SH |  | DFND |  | 35178 | 0 | 0 |
| CROWN HLDGS INC COM | COM | 228368106 |  | 6145 | 59675 | SH |  | DFND |  | 59675 | 0 | 0 |
| D R HORTON INC COM | COM | 23331A109 |  | 1579 | 10962 | SH |  | DFND |  | 10962 | 0 | 0 |
| DRAFTKINGS INC NEW COM CL A | COM CL A | 26142V105 |  | 641 | 18589 | SH |  | DFND |  | 18589 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 776 | 19294 | SH |  | DFND |  | 19294 | 0 | 0 |
| F ANNUITIES  LIFE INC COMMON STOCK | COMMON STOCK | 30190A104 |  | 15 | 496 | SH |  | DFND |  | 496 | 0 | 0 |
| KINDER MORGAN INC DEL COM | COM | 49456B101 |  | 2244 | 81641 | SH |  | DFND |  | 81641 | 0 | 0 |
| MARKEL GROUP INC COM | COM | 570535104 |  | 1558 | 725 | SH |  | DFND |  | 725 | 0 | 0 |
| MONGODB INC CL A | CL A | 60937P106 |  | 2200 | 5243 | SH |  | DFND |  | 5243 | 0 | 0 |
| OCCIDENTAL PETE CORP COM | COM | 674599105 |  | 1332 | 32404 | SH |  | DFND |  | 32404 | 0 | 0 |
| OMNICOM GROUP INC COM | COM | 681919106 |  | 1052 | 13031 | SH |  | DFND |  | 13031 | 0 | 0 |
| OWENS CORNING NEW COM | NEW COM | 690742101 |  | 477 | 4261 | SH |  | DFND |  | 4261 | 0 | 0 |
| REGENCY CTRS CORP COM | COM | 758849103 |  | 696 | 10087 | SH |  | DFND |  | 10087 | 0 | 0 |
| RELIANCE INC COM | COM | 759509102 |  | 731 | 2531 | SH |  | DFND |  | 2531 | 0 | 0 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 2668 | 14413 | SH |  | DFND |  | 14413 | 0 | 0 |
| STARBUCKS CORP COM | COM | 855244109 |  | 4154 | 49329 | SH |  | DFND |  | 49329 | 0 | 0 |
| UNITED PARCEL SERVICE INC CL B | CL B | 911312106 |  | 3113 | 31380 | SH |  | DFND |  | 31380 | 0 | 0 |
| ZILLOW GROUP INC CL A | CL A | 98954M101 |  | 610 | 8936 | SH |  | DFND |  | 8936 | 0 | 0 |
| HESS MIDSTREAM LP CL A SHS | CL A | 428103105 |  | 5043 | 146188 | SH |  | DFND |  | 146188 | 0 | 0 |
| U HAUL HOLDING COMPANY COM SER N | COM SER N | 023586506 |  | 48 | 1023 | SH |  | DFND |  | 1023 | 0 | 0 |
| WASTE CONNECTIONS INC COM | COM | 94106B101 |  | 933 | 5320 | SH |  | DFND |  | 5320 | 0 | 0 |
| CHIMERA INVT CORP COM SHS | COM SHS | 16934Q802 |  | 1320 | 106205 | SH |  | DFND |  | 106205 | 0 | 0 |
| KKR REAL ESTATE FIN TR INC COM | COM | 48251K100 |  | 2360 | 287061 | SH |  | DFND |  | 287061 | 0 | 0 |
| EXELIXIS INC COM | COM | 30161Q104 |  | 1914 | 43658 | SH |  | DFND |  | 43658 | 0 | 0 |
| LUMEN TECHNOLOGIES INC COM | COM | 550241103 |  | 2142 | 275662 | SH |  | DFND |  | 275662 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | SPONSORED ADR | 874039100 |  | 10906 | 35887 | SH |  | DFND |  | 35887 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 31097 | 84056 | SH |  | DFND |  | 45323 | 0 | 38733 |
| CBOE GLOBAL MKTS INC COM | COM | 12503M108 |  | 4111 | 16377 | SH |  | DFND |  | 16377 | 0 | 0 |
| CBRE GROUP INC CL A | CL A | 12504L109 |  | 3466 | 21556 | SH |  | DFND |  | 21556 | 0 | 0 |
| CARLYLE GROUP INC COM | COM | 14316J108 |  | 1999 | 33811 | SH |  | DFND |  | 33811 | 0 | 0 |
| DECKERS OUTDOOR CORP COM | COM | 243537107 |  | 20855 | 201167 | SH |  | DFND |  | 117307 | 0 | 83860 |
| FAIR ISAAC CORP COM | COM | 303250104 |  | 13855 | 8195 | SH |  | DFND |  | 8195 | 0 | 0 |
| FISERV INC COM | COM | 337738108 |  | 15791 | 235066 | SH |  | DFND |  | 235066 | 0 | 0 |
| FOX CORP CL A COM | CL A COM | 35137L105 |  | 27601 | 377731 | SH |  | DFND |  | 217000 | 0 | 160731 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 1319 | 10724 | SH |  | DFND |  | 10724 | 0 | 0 |
| HUNTINGTON BANCSHARES INC COM | COM | 446150104 |  | 2505 | 144400 | SH |  | DFND |  | 144400 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | COM | 459200101 |  | 66391 | 224134 | SH |  | DFND |  | 177098 | 0 | 47036 |
| INTUITIVE SURGICAL INC COM NEW | COM NEW | 46120E602 |  | 32171 | 56803 | SH |  | DFND |  | 19751 | 0 | 37052 |
| KKR  CO INC COM | COM | 48251W104 |  | 38074 | 298664 | SH |  | DFND |  | 169950 | 0 | 128714 |
| KENVUE INC COM | COM | 49177J102 |  | 2433 | 141056 | SH |  | DFND |  | 141056 | 0 | 0 |
| KEURIG DR PEPPER INC COM | COM | 49271V100 |  | 2439 | 87075 | SH |  | DFND |  | 87075 | 0 | 0 |
| LULULEMON ATHLETICA INC COM | COM | 550021109 |  | 4704 | 22638 | SH |  | DFND |  | 15195 | 0 | 7443 |
| MARRIOTT INTL INC NEW CL A | CL A | 571903202 |  | 4864 | 15679 | SH |  | DFND |  | 15679 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | COM | 693475105 |  | 17527 | 83968 | SH |  | DFND |  | 24516 | 0 | 59452 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 10954 | 59468 | SH |  | DFND |  | 59468 | 0 | 0 |
| PAYCOM SOFTWARE INC COM | COM | 70432V102 |  | 924 | 5798 | SH |  | DFND |  | 5798 | 0 | 0 |
| RAYMOND JAMES FINL INC COM | COM | 754730109 |  | 2264 | 14097 | SH |  | DFND |  | 14097 | 0 | 0 |
| STEEL DYNAMICS INC COM | COM | 858119100 |  | 21243 | 125367 | SH |  | DFND |  | 125367 | 0 | 0 |
| TYLER TECHNOLOGIES INC COM | COM | 902252105 |  | 1567 | 3451 | SH |  | DFND |  | 3451 | 0 | 0 |
| ULTA BEAUTY INC COM | COM | 90384S303 |  | 23540 | 38909 | SH |  | DFND |  | 20287 | 0 | 18622 |
| VERISIGN INC COM | COM | 92343E102 |  | 2300 | 9468 | SH |  | DFND |  | 9468 | 0 | 0 |
| VERISK ANALYTICS INC COM | COM | 92345Y106 |  | 1913 | 8551 | SH |  | DFND |  | 8551 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 342359 | 1518943 | SH |  | DFND |  | 1189487 | 0 | 329456 |
| AMETEK INC COM | COM | 031100100 |  | 3863 | 18814 | SH |  | DFND |  | 18814 | 0 | 0 |
| AMGEN INC COM | COM | 031162100 |  | 25036 | 76491 | SH |  | DFND |  | 54867 | 0 | 21624 |
| ARISTA NETWORKS INC COM SHS | COM SHS | 040413205 |  | 79467 | 606480 | SH |  | DFND |  | 560817 | 0 | 45663 |
| BITMINE IMMERSION TECNOLOGIE COM NEW | COM NEW | 09175A206 |  | 4538 | 167075 | SH |  | DFND |  | 167075 | 0 | 0 |
| CARETRUST REIT INC COM | COM | 14174T107 |  | 2425 | 67062 | SH |  | DFND |  | 67062 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 17788 | 116709 | SH |  | DFND |  | 116709 | 0 | 0 |
| COMFORT SYS USA INC COM | COM | 199908104 |  | 9803 | 10504 | SH |  | DFND |  | 10504 | 0 | 0 |
| FASTENAL CO COM | COM | 311900104 |  | 4333 | 107983 | SH |  | DFND |  | 107983 | 0 | 0 |
| HEICO CORP NEW COM | COM | 422806109 |  | 4011 | 12396 | SH |  | DFND |  | 12396 | 0 | 0 |
| IDACORP INC COM | COM | 451107106 |  | 1979 | 15637 | SH |  | DFND |  | 15637 | 0 | 0 |
| IONQ INC COM | COM | 46222L108 |  | 5732 | 127744 | SH |  | DFND |  | 127744 | 0 | 0 |
| PTC THERAPEUTICS INC COM | COM | 69366J200 |  | 12114 | 159477 | SH |  | DFND |  | 159477 | 0 | 0 |
| SLB LIMITED COM STK | COM STK | 806857108 |  | 6266 | 163251 | SH |  | DFND |  | 163251 | 0 | 0 |
| SOFI TECHNOLOGIES INC COM | COM | 83406F102 |  | 8168 | 311986 | SH |  | DFND |  | 311986 | 0 | 0 |
| BLOCK INC CL A | CL A | 852234103 |  | 10529 | 161768 | SH |  | DFND |  | 161768 | 0 | 0 |
| ARES MANAGEMENT CORPORATION CL A COM STK | COM | 03990B101 |  | 7124 | 44074 | SH |  | DFND |  | 44074 | 0 | 0 |
| MAPLEBEAR INC COM | COM | 565394103 |  | 740 | 16448 | SH |  | DFND |  | 16448 | 0 | 0 |
| PERMIAN RESOURCES CORP CLASS A COM | COM | 71424F105 |  | 708 | 50485 | SH |  | DFND |  | 50485 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT ORD | ORD | M22465104 |  | 1295 | 6980 | SH |  | DFND |  | 6980 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | COM | 009158106 |  | 2762 | 11182 | SH |  | DFND |  | 11182 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN COM | COM | 015271109 |  | 221 | 4507 | SH |  | DFND |  | 4507 | 0 | 0 |
| AMERICAN INTL GROUP INC COM NEW | COM NEW | 026874784 |  | 2180 | 25480 | SH |  | DFND |  | 25480 | 0 | 0 |
| BALL CORP COM | COM | 058498106 |  | 780 | 14732 | SH |  | DFND |  | 14732 | 0 | 0 |
| BIOGEN INC COM | COM | 09062X103 |  | 980 | 5571 | SH |  | DFND |  | 5571 | 0 | 0 |
| CAMDEN PPTY TR SH BEN INT | TR SH BEN INT | 133131102 |  | 497 | 4515 | SH |  | DFND |  | 4515 | 0 | 0 |
| DEVON ENERGY CORP NEW COM | COM | 25179M103 |  | 5854 | 159808 | SH |  | DFND |  | 159808 | 0 | 0 |
| DOMINOS PIZZA INC COM | COM | 25754A201 |  | 681 | 1633 | SH |  | DFND |  | 1633 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 1620 | 12439 | SH |  | DFND |  | 12439 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL COM SHS | COM | 31620R303 |  | 453 | 8296 | SH |  | DFND |  | 8296 | 0 | 0 |
| GALLAGHER ARTHUR J  CO COM | COM | 363576109 |  | 2728 | 10542 | SH |  | DFND |  | 10542 | 0 | 0 |
| GAMING  LEISURE PPTYS INC COM | COM | 36467J108 |  | 794 | 17772 | SH |  | DFND |  | 17772 | 0 | 0 |
| GENERAL MLS INC COM | COM | 370334104 |  | 1042 | 22400 | SH |  | DFND |  | 22400 | 0 | 0 |
| GRACO INC COM | COM | 384109104 |  | 558 | 6803 | SH |  | DFND |  | 6803 | 0 | 0 |
| HORMEL FOODS CORP COM | COM | 440452100 |  | 375 | 15819 | SH |  | DFND |  | 15819 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN COM CL A | COM CL A | 45841N107 |  | 801 | 12453 | SH |  | DFND |  | 12453 | 0 | 0 |
| JABIL INC COM | COM | 466313103 |  | 14755 | 64710 | SH |  | DFND |  | 16301 | 0 | 48409 |
| MID-AMER APT CMNTYS INC COM | COM | 59522J103 |  | 916 | 6597 | SH |  | DFND |  | 6597 | 0 | 0 |
| NORTHERN TR CORP COM | COM | 665859104 |  | 1700 | 12445 | SH |  | DFND |  | 12445 | 0 | 0 |
| ONEOK INC NEW COM | COM | 682680103 |  | 1781 | 24225 | SH |  | DFND |  | 24225 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN COM | COM | 74251V102 |  | 1146 | 12993 | SH |  | DFND |  | 12993 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | COM | 824348106 |  | 4193 | 12941 | SH |  | DFND |  | 10144 | 0 | 2797 |
| TRANSUNION COM | COM | 89400J107 |  | 777 | 9063 | SH |  | DFND |  | 9063 | 0 | 0 |
| TRUIST FINL CORP COM | COM | 89832Q109 |  | 2781 | 56518 | SH |  | DFND |  | 56518 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL COM | COM | 91307C102 |  | 5786 | 11875 | SH |  | DFND |  | 2018 | 0 | 9857 |
| ZOOM COMMUNICATIONS INC CL A | CL A | 98980L101 |  | 1624 | 18821 | SH |  | DFND |  | 18821 | 0 | 0 |
| BOYD GAMING CORP COM | COM | 103304101 |  | 7011 | 82247 | SH |  | DFND |  | 82247 | 0 | 0 |
| HALOZYME THERAPEUTICS INC COM | COM | 40637H109 |  | 16565 | 246143 | SH |  | DFND |  | 246143 | 0 | 0 |
| POOL CORP COM | COM | 73278L105 |  | 153 | 671 | SH |  | DFND |  | 671 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC COM STK | COM STK | 05684B107 |  | 2175 | 156337 | SH |  | DFND |  | 156337 | 0 | 0 |
| NEW MTN FIN CORP COM | COM | 647551100 |  | 2164 | 235016 | SH |  | DFND |  | 235016 | 0 | 0 |
| PROSPECT CAP CORP COM | COM | 74348T102 |  | 1348 | 520592 | SH |  | DFND |  | 520592 | 0 | 0 |
| ABERCROMBIE  FITCH CO CL A | CL A | 002896207 |  | 1970 | 15649 | SH |  | DFND |  | 15649 | 0 | 0 |
| ENERSYS COM | COM | 29275Y102 |  | 4188 | 28541 | SH |  | DFND |  | 28541 | 0 | 0 |
| INFOSYS LTD SPONSORED ADR | SPONSORED ADR | 456788108 |  | 3352 | 188106 | SH |  | DFND |  | 188106 | 0 | 0 |
| AXON ENTERPRISE INC COM | COM | 05464C101 |  | 3036 | 5345 | SH |  | DFND |  | 5345 | 0 | 0 |
| BENTLEY SYS INC COM CL B | COM CL B | 08265T208 |  | 509 | 13328 | SH |  | DFND |  | 13328 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 12445 | 130516 | SH |  | DFND |  | 130516 | 0 | 0 |
| CINCINNATI FINL CORP COM | COM | 172062101 |  | 2420 | 14815 | SH |  | DFND |  | 14815 | 0 | 0 |
| COMCAST CORP NEW CL A | CL A | 20030N101 |  | 14429 | 482729 | SH |  | DFND |  | 450850 | 0 | 31879 |
| DOORDASH INC CL A | CL A | 25809K105 |  | 11601 | 51221 | SH |  | DFND |  | 51221 | 0 | 0 |
| INGERSOLL RAND INC COM | COM | 45687V106 |  | 2296 | 28980 | SH |  | DFND |  | 28980 | 0 | 0 |
| INTUIT COM | COM | 461202103 |  | 39743 | 59996 | SH |  | DFND |  | 17555 | 0 | 42441 |
| JPMORGAN CHASE  CO. COM | COM | 46625H100 |  | 227994 | 710934 | SH |  | DFND |  | 615794 | 0 | 95140 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 93663 | 452586 | SH |  | DFND |  | 350340 | 0 | 102246 |
| KLA CORP COM NEW | COM NEW | 482480100 |  | 112051 | 92217 | SH |  | DFND |  | 82194 | 0 | 10023 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 3016 | 14844 | SH |  | DFND |  | 14844 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | CL A | 57636Q104 |  | 177130 | 310275 | SH |  | DFND |  | 184663 | 0 | 125612 |
| NUTANIX INC CL A | CL A | 67059N108 |  | 1194 | 23095 | SH |  | DFND |  | 23095 | 0 | 0 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 874262 | 4740665 | SH |  | DFND |  | 3434108 | 0 | 1306557 |
| ORACLE CORP COM | COM | 68389X105 |  | 42467 | 217879 | SH |  | DFND |  | 217879 | 0 | 0 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 2623 | 25624 | SH |  | DFND |  | 25624 | 0 | 0 |
| PRUDENTIAL FINL INC COM | COM | 744320102 |  | 6146 | 54445 | SH |  | DFND |  | 54445 | 0 | 0 |
| PURE STORAGE INC CL A | CL A | 74624M102 |  | 7674 | 114514 | SH |  | DFND |  | 114514 | 0 | 0 |
| REPUBLIC SVCS INC COM | COM | 760759100 |  | 4927 | 23246 | SH |  | DFND |  | 23246 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | COM | 89417E109 |  | 36226 | 129787 | SH |  | DFND |  | 90585 | 0 | 39202 |
| WASTE MGMT INC DEL COM | COM | 94106L109 |  | 5682 | 25861 | SH |  | DFND |  | 25861 | 0 | 0 |
| YUM CHINA HLDGS INC COM | COM | 98850P109 |  | 712 | 14921 | SH |  | DFND |  | 14921 | 0 | 0 |
| ZOETIS INC CL A | CL A | 98978V103 |  | 34246 | 272180 | SH |  | DFND |  | 69579 | 0 | 202601 |
| CMS ENERGY CORP COM | COM | 125896100 |  | 25361 | 362665 | SH |  | DFND |  | 362665 | 0 | 0 |
| CREDICORP LTD COM | COM | G2519Y108 |  | 13971 | 48678 | SH |  | DFND |  | 43090 | 0 | 5588 |
| ALNYLAM PHARMACEUTICALS INC COM | COM | 02043Q107 |  | 5913 | 14869 | SH |  | DFND |  | 14869 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | CL B NEW | 084670702 |  | 56575 | 112553 | SH |  | DFND |  | 112553 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN COM | COM | 11133T103 |  | 4183 | 18744 | SH |  | DFND |  | 18744 | 0 | 0 |
| CIENA CORP COM NEW | COM NEW | 171779309 |  | 6167 | 26371 | SH |  | DFND |  | 26371 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | COM | 21037T109 |  | 14171 | 40114 | SH |  | DFND |  | 40114 | 0 | 0 |
| DELL TECHNOLOGIES INC CL C | CL C | 24703L202 |  | 16612 | 131964 | SH |  | DFND |  | 131964 | 0 | 0 |
| ENSIGN GROUP INC COM | COM | 29358P101 |  | 1158 | 6650 | SH |  | DFND |  | 6650 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC COM CL A | COM CL A | 29415C101 |  | 2948 | 257219 | SH |  | DFND |  | 257219 | 0 | 0 |
| HIMS  HERS HEALTH INC COM CL A | COM CL A | 433000106 |  | 4904 | 151041 | SH |  | DFND |  | 151041 | 0 | 0 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 6611 | 33885 | SH |  | DFND |  | 33885 | 0 | 0 |
| LINCOLN NATL CORP IND COM | COM | 534187109 |  | 5646 | 126797 | SH |  | DFND |  | 126797 | 0 | 0 |
| T-MOBILE US INC COM | COM | 872590104 |  | 36862 | 181552 | SH |  | DFND |  | 50640 | 0 | 130912 |
| WOODWARD INC COM | COM | 980745103 |  | 1868 | 6180 | SH |  | DFND |  | 6180 | 0 | 0 |
| NUSCALE PWR CORP CL A COM | CL A COM | 67079K100 |  | 280 | 19771 | SH |  | DFND |  | 19771 | 0 | 0 |
| TTM TECHNOLOGIES INC COM | COM | 87305R109 |  | 1061 | 15378 | SH |  | DFND |  | 15378 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS | SPONSORED ADS | 881624209 |  | 2007 | 64296 | SH |  | DFND |  | 64296 | 0 | 0 |
| THE CIGNA GROUP COM | COM | 125523100 |  | 4852 | 17630 | SH |  | DFND |  | 14602 | 0 | 3028 |
| GRIFOLS S A SP ADR REP B NVT | ADR | 398438408 |  | 522 | 55816 | SH |  | DFND |  | 55816 | 0 | 0 |
| HALLIBURTON CO COM | COM | 406216101 |  | 1599 | 56570 | SH |  | DFND |  | 56570 | 0 | 0 |
| TEXTRON INC COM | COM | 883203101 |  | 1701 | 19508 | SH |  | DFND |  | 19508 | 0 | 0 |
| AFLAC INC COM | COM | 001055102 |  | 2397 | 21735 | SH |  | DFND |  | 21735 | 0 | 0 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 49963 | 101894 | SH |  | DFND |  | 80454 | 0 | 21440 |
| ANALOG DEVICES INC COM | COM | 032654105 |  | 6494 | 23946 | SH |  | DFND |  | 23946 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC COM | COM | 09061G101 |  | 629 | 10585 | SH |  | DFND |  | 10585 | 0 | 0 |
| BROWN  BROWN INC COM | COM | 115236101 |  | 970 | 12171 | SH |  | DFND |  | 12171 | 0 | 0 |
| EXPAND ENERGY CORPORATION COM | COM | 165167735 |  | 1213 | 10989 | SH |  | DFND |  | 10989 | 0 | 0 |
| ERIE INDTY CO CL A | CL A | 29530P102 |  | 394 | 1375 | SH |  | DFND |  | 1375 | 0 | 0 |
| ESSEX PPTY TR INC COM | COM | 297178105 |  | 712 | 2722 | SH |  | DFND |  | 2722 | 0 | 0 |
| FIRSTENERGY CORP COM | COM | 337932107 |  | 1200 | 26794 | SH |  | DFND |  | 26794 | 0 | 0 |
| GARTNER INC COM | COM | 366651107 |  | 9204 | 36484 | SH |  | DFND |  | 36484 | 0 | 0 |
| GLOBAL PMTS INC COM | COM | 37940X102 |  | 794 | 10260 | SH |  | DFND |  | 10260 | 0 | 0 |
| HENRY JACK  ASSOC INC COM | COM | 426281101 |  | 861 | 4717 | SH |  | DFND |  | 4717 | 0 | 0 |
| HERSHEY CO COM | COM | 427866108 |  | 19408 | 106649 | SH |  | DFND |  | 53716 | 0 | 52933 |
| INSULET CORP COM | COM | 45784P101 |  | 8679 | 30534 | SH |  | DFND |  | 30534 | 0 | 0 |
| LABCORP HOLDINGS INC COM SHS | COM SHS | 504922105 |  | 1030 | 4105 | SH |  | DFND |  | 4105 | 0 | 0 |
| METLIFE INC COM | COM | 59156R108 |  | 1815 | 22995 | SH |  | DFND |  | 22995 | 0 | 0 |
| NRG ENERGY INC COM NEW | COM NEW | 629377508 |  | 1704 | 10701 | SH |  | DFND |  | 10701 | 0 | 0 |
| NEWS CORP NEW CL A | CL A | 65249B109 |  | 638 | 24422 | SH |  | DFND |  | 24422 | 0 | 0 |
| NIKE INC CL B | CL B | 654106103 |  | 3683 | 57807 | SH |  | DFND |  | 57807 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN COM | COM | 744573106 |  | 1519 | 18919 | SH |  | DFND |  | 18919 | 0 | 0 |
| PULTE GROUP INC COM | COM | 745867101 |  | 900 | 7676 | SH |  | DFND |  | 7676 | 0 | 0 |
| REGENERON PHARMACEUTICALS COM | COM | 75886F107 |  | 4791 | 6207 | SH |  | DFND |  | 4611 | 0 | 1596 |
| SYSCO CORP COM | COM | 871829107 |  | 31223 | 423710 | SH |  | DFND |  | 296352 | 0 | 127358 |
| 3M CO COM | COM | 88579Y101 |  | 3759 | 23479 | SH |  | DFND |  | 23479 | 0 | 0 |
| TRIMBLE INC COM | COM | 896239100 |  | 1339 | 17087 | SH |  | DFND |  | 17087 | 0 | 0 |
| TYSON FOODS INC CL A | CL A | 902494103 |  | 917 | 15647 | SH |  | DFND |  | 15647 | 0 | 0 |
| WATERS CORP COM | COM | 941848103 |  | 1182 | 3111 | SH |  | DFND |  | 3111 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC COM | COM | 955306105 |  | 1435 | 5215 | SH |  | DFND |  | 5215 | 0 | 0 |
| WILLIAMS COS INC COM | COM | 969457100 |  | 2962 | 49277 | SH |  | DFND |  | 49277 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC COM | COM | 98956P102 |  | 1080 | 12006 | SH |  | DFND |  | 12006 | 0 | 0 |
| CROCS INC COM | COM | 227046109 |  | 4855 | 56765 | SH |  | DFND |  | 56765 | 0 | 0 |
| RED ROCK RESORTS INC CL A | CL A | 75700L108 |  | 7793 | 125800 | SH |  | DFND |  | 125800 | 0 | 0 |
| TAPESTRY INC COM | COM | 876030107 |  | 7736 | 60546 | SH |  | DFND |  | 60546 | 0 | 0 |
| CANNAE HLDGS INC COM | COM | 13765N107 |  | 735 | 46718 | SH |  | DFND |  | 13121 | 0 | 33597 |
| CRESCENT CAP BDC INC COM | COM | 225655109 |  | 898 | 63893 | SH |  | DFND |  | 63893 | 0 | 0 |
| MONROE CAP CORP COM | COM | 610335101 |  | 237 | 37269 | SH |  | DFND |  | 37269 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION COM | COM | 69121K104 |  | 32 | 2599 | SH |  | DFND |  | 2599 | 0 | 0 |
| PENNANTPARK INVT CORP COM | COM | 708062104 |  | 111 | 18664 | SH |  | DFND |  | 18664 | 0 | 0 |
| SERIES PORTFOLIOS TR ELDRIDGE BBB B | COM | 81752T528 |  | 480 | 18140 | SH |  | DFND |  | 18140 | 0 | 0 |
| WHITEHORSE FIN INC COM | COM | 96524V106 |  | 337 | 48487 | SH |  | DFND |  | 48487 | 0 | 0 |
| ALPHABET INC CAP STK CL A | CL A | 02079K305 |  | 643100 | 2082693 | SH |  | DFND |  | 1586301 | 0 | 496392 |
| ELEVANCE HEALTH INC FORMERLY COM | COM | 036752103 |  | 38749 | 117966 | SH |  | DFND |  | 76805 | 0 | 41161 |
| BROADCOM INC COM | COM | 11135F101 |  | 311407 | 907200 | SH |  | DFND |  | 682434 | 0 | 224766 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 6254 | 20007 | SH |  | DFND |  | 20007 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 30577 | 148793 | SH |  | DFND |  | 90863 | 0 | 57930 |
| CORNING INC COM | COM | 219350105 |  | 11250 | 128486 | SH |  | DFND |  | 128486 | 0 | 0 |
| FIDELITY NATL INFORMATION SV COM | COM | 31620M106 |  | 23475 | 403976 | SH |  | DFND |  | 403976 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D CL A | CL A | 31946M103 |  | 11289 | 5260 | SH |  | DFND |  | 2122 | 0 | 3138 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 9941 | 15211 | SH |  | DFND |  | 15211 | 0 | 0 |
| WW GRAINGER INC COM | COM | 384802104 |  | 11046 | 10947 | SH |  | DFND |  | 9547 | 0 | 1400 |
| INTERCONTINENTAL EXCHANGE IN COM | COM | 45866F104 |  | 5049 | 31177 | SH |  | DFND |  | 31177 | 0 | 0 |
| ELI LILLY  CO COM | COM | 532457108 |  | 184357 | 172523 | SH |  | DFND |  | 115057 | 0 | 57466 |
| METTLER TOLEDO INTERNATIONAL COM | COM | 592688105 |  | 2471 | 1772 | SH |  | DFND |  | 1772 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 666662 | 1399840 | SH |  | DFND |  | 983445 | 0 | 416395 |
| MONOLITHIC PWR SYS INC COM | COM | 609839105 |  | 5549 | 6122 | SH |  | DFND |  | 6122 | 0 | 0 |
| PAYPAL HLDGS INC COM | COM | 70450Y103 |  | 17635 | 302072 | SH |  | DFND |  | 186902 | 0 | 115170 |
| S GLOBAL INC COM | COM | 78409V104 |  | 33292 | 69631 | SH |  | DFND |  | 69631 | 0 | 0 |
| VULCAN MATLS CO COM | COM | 929160109 |  | 2534 | 8885 | SH |  | DFND |  | 8885 | 0 | 0 |
| WARNER BROS DISCOVERY INC COM SER A | COM SER A | 934423104 |  | 16305 | 565740 | SH |  | DFND |  | 565740 | 0 | 0 |
| WELLS FARGO CO NEW COM | COM | 949746101 |  | 44401 | 476406 | SH |  | DFND |  | 292862 | 0 | 183544 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 61851 | 111303 | SH |  | DFND |  | 62081 | 0 | 49222 |
| AMERICAN ELEC PWR CO INC COM | COM | 025537101 |  | 4545 | 39417 | SH |  | DFND |  | 39417 | 0 | 0 |
| APPLOVIN CORP COM CL A | COM CL A | 03831W108 |  | 34701 | 51499 | SH |  | DFND |  | 42149 | 0 | 9350 |
| BERKLEY W R CORP COM | COM | 084423102 |  | 2027 | 28903 | SH |  | DFND |  | 28903 | 0 | 0 |
| CARNIVAL CORP UNIT 99/99/9999 | UNIT | 143658300 |  | 11605 | 379978 | SH |  | DFND |  | 379978 | 0 | 0 |
| DELTA AIR LINES INC DEL COM NEW | COM NEW | 247361702 |  | 42080 | 606344 | SH |  | DFND |  | 450253 | 0 | 156091 |
| EXELON CORP COM | COM | 30161N101 |  | 6439 | 147715 | SH |  | DFND |  | 147715 | 0 | 0 |
| GRAND CANYON ED INC COM | COM | 38526M106 |  | 1322 | 7948 | SH |  | DFND |  | 7948 | 0 | 0 |
| OSHKOSH CORP COM | COM | 688239201 |  | 3544 | 28206 | SH |  | DFND |  | 28206 | 0 | 0 |
| RESMED INC COM | COM | 761152107 |  | 15021 | 62362 | SH |  | DFND |  | 29429 | 0 | 32933 |
| SYMBOTIC INC CLASS A COM | COM | 87151X101 |  | 4504 | 75701 | SH |  | DFND |  | 75701 | 0 | 0 |
| EVERGY INC COM | COM | 30034W106 |  | 1823 | 25157 | SH |  | DFND |  | 25157 | 0 | 0 |
| MARA HOLDINGS INC COM | COM | 565788106 |  | 406 | 45191 | SH |  | DFND |  | 45191 | 0 | 0 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 3421 | 25773 | SH |  | DFND |  | 25773 | 0 | 0 |
| AECOM COM | COM | 00766T100 |  | 653 | 6845 | SH |  | DFND |  | 6845 | 0 | 0 |
| AMERICAN HOMES 4 RENT CL A | CL A | 02665T306 |  | 595 | 18525 | SH |  | DFND |  | 18525 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW COM | COM | 030420103 |  | 1088 | 8338 | SH |  | DFND |  | 8338 | 0 | 0 |
| CDW CORP COM | COM | 12514G108 |  | 9115 | 66926 | SH |  | DFND |  | 5511 | 0 | 61415 |
| CITIZENS FINL GROUP INC COM | COM | 174610105 |  | 1723 | 29495 | SH |  | DFND |  | 29495 | 0 | 0 |
| CONOCOPHILLIPS COM | COM | 20825C104 |  | 10160 | 108539 | SH |  | DFND |  | 108539 | 0 | 0 |
| COREBRIDGE FINL INC COM | COM | 21871X109 |  | 225 | 7447 | SH |  | DFND |  | 7447 | 0 | 0 |
| DANAHER CORPORATION COM | COM | 235851102 |  | 6144 | 26840 | SH |  | DFND |  | 26840 | 0 | 0 |
| DEXCOM INC COM | COM | 252131107 |  | 4477 | 67458 | SH |  | DFND |  | 19337 | 0 | 48121 |
| ENTEGRIS INC COM | COM | 29362U104 |  | 340 | 4034 | SH |  | DFND |  | 4034 | 0 | 0 |
| FIFTH THIRD BANCORP COM | COM | 316773100 |  | 2344 | 50070 | SH |  | DFND |  | 27683 | 0 | 22387 |
| HEALTHPEAK PROPERTIES INC COM | COM | 42250P103 |  | 461 | 28660 | SH |  | DFND |  | 28660 | 0 | 0 |
| HUNT J B TRANS SVCS INC COM | COM | 445658107 |  | 804 | 4135 | SH |  | DFND |  | 4135 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | COM | 452308109 |  | 23456 | 95232 | SH |  | DFND |  | 79756 | 0 | 15476 |
| ILLUMINA INC COM | COM | 452327109 |  | 942 | 7184 | SH |  | DFND |  | 7184 | 0 | 0 |
| KEYCORP COM | COM | 493267108 |  | 1199 | 58085 | SH |  | DFND |  | 58085 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | COM | 494368103 |  | 8104 | 80335 | SH |  | DFND |  | 80335 | 0 | 0 |
| LPL FINL HLDGS INC COM | COM | 50212V100 |  | 1758 | 4922 | SH |  | DFND |  | 4922 | 0 | 0 |
| MCCORMICK  CO INC COM NON VTG | COM NON VTG | 579780206 |  | 792 | 11622 | SH |  | DFND |  | 11622 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. COM | COM | 595017104 |  | 1664 | 26116 | SH |  | DFND |  | 26116 | 0 | 0 |
| MOLINA HEALTHCARE INC COM | COM | 60855R100 |  | 381 | 2194 | SH |  | DFND |  | 2194 | 0 | 0 |
| NETAPP INC COM | COM | 64110D104 |  | 27692 | 258590 | SH |  | DFND |  | 175683 | 0 | 82907 |
| NUCOR CORP COM | COM | 670346105 |  | 2003 | 12280 | SH |  | DFND |  | 12280 | 0 | 0 |
| PACCAR INC COM | COM | 693718108 |  | 2265 | 20679 | SH |  | DFND |  | 20679 | 0 | 0 |
| PUBLIC STORAGE OPER CO COM | COM | 74460D109 |  | 1580 | 6087 | SH |  | DFND |  | 6087 | 0 | 0 |
| SEMPRA COM | COM | 816851109 |  | 2603 | 29485 | SH |  | DFND |  | 29485 | 0 | 0 |
| SNAP ON INC COM | COM | 833034101 |  | 1369 | 3974 | SH |  | DFND |  | 3974 | 0 | 0 |
| SUPER MICRO COMPUTER INC COM NEW | COM NEW | 86800U302 |  | 661 | 22589 | SH |  | DFND |  | 22589 | 0 | 0 |
| WP CAREY INC COM | COM | 92936U109 |  | 682 | 10596 | SH |  | DFND |  | 10596 | 0 | 0 |
| WABTEC COM | COM | 929740108 |  | 2093 | 9806 | SH |  | DFND |  | 9806 | 0 | 0 |
| WEYERHAEUSER CO MTN BE COM NEW | COM NEW | 962166104 |  | 973 | 41087 | SH |  | DFND |  | 41087 | 0 | 0 |
| YUM BRANDS INC COM | COM | 988498101 |  | 1698 | 11225 | SH |  | DFND |  | 11225 | 0 | 0 |
| GAP INC COM | COM | 364760108 |  | 4801 | 187548 | SH |  | DFND |  | 187548 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC COM SHS ADDED | COM SHS | 83443Q103 |  | 183 | 3761 | SH |  | DFND |  | 3761 | 0 | 0 |
| ARES CAPITAL CORP COM | COM | 04010L103 |  | 36 | 1778 | SH |  | DFND |  | 1778 | 0 | 0 |
| ARES COML REAL ESTATE CORP COM | COM | 04013V108 |  | 2697 | 564209 | SH |  | DFND |  | 564209 | 0 | 0 |
| BLACKROCK TCP CAPITAL CORP COM | COM | 09259E108 |  | 2477 | 452874 | SH |  | DFND |  | 452874 | 0 | 0 |
| FRANKLIN STR PPTYS CORP COM | COM | 35471R106 |  | 365 | 388772 | SH |  | DFND |  | 388772 | 0 | 0 |
| GOLUB CAP BDC INC COM | COM | 38173M102 |  | 34 | 2494 | SH |  | DFND |  | 2494 | 0 | 0 |
| BCP INVESTMENT CORPORATION COM NEW | NEW COM | 73688F201 |  | 328 | 27714 | SH |  | DFND |  | 27714 | 0 | 0 |
| SLR INVESTMENT CORP COM | COM | 83413U100 |  | 729 | 47146 | SH |  | DFND |  | 47146 | 0 | 0 |
| WEST FRASER TIMBER CO LTD COM | COM | 952845105 |  | 151 | 2473 | SH |  | DFND |  | 2473 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 65581 | 287021 | SH |  | DFND |  | 235229 | 0 | 51792 |
| ADVANCED MICRO DEVICES INC COM | COM | 007903107 |  | 42884 | 200241 | SH |  | DFND |  | 200241 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 618166 | 2299778 | SH |  | DFND |  | 1713846 | 0 | 585932 |
| CHARTER COMMUNICATIONS INC N CL A | CL A | 16119P108 |  | 8402 | 40248 | SH |  | DFND |  | 22207 | 0 | 18041 |
| CINTAS CORP COM | COM | 172908105 |  | 3874 | 20599 | SH |  | DFND |  | 20599 | 0 | 0 |
| EQUINIX INC COM | COM | 29444U700 |  | 3646 | 4759 | SH |  | DFND |  | 4759 | 0 | 0 |
| FORTIVE CORP COM | COM | 34959J108 |  | 1217 | 22052 | SH |  | DFND |  | 22052 | 0 | 0 |
| GENERAL MTRS CO COM | COM | 37045V100 |  | 45142 | 555113 | SH |  | DFND |  | 397692 | 0 | 157421 |
| HOME DEPOT INC COM | COM | 437076102 |  | 30679 | 89156 | SH |  | DFND |  | 89156 | 0 | 0 |
| HYATT HOTELS CORP COM CL A | CL A | 448579102 |  | 1179 | 7355 | SH |  | DFND |  | 7355 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | COM | 595112103 |  | 75935 | 266055 | SH |  | DFND |  | 200604 | 0 | 65451 |
| ON SEMICONDUCTOR CORP COM | COM | 682189105 |  | 1691 | 31237 | SH |  | DFND |  | 31237 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 2248 | 25739 | SH |  | DFND |  | 25739 | 0 | 0 |
| PTC INC COM | COM | 69370C100 |  | 2594 | 14891 | SH |  | DFND |  | 14891 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 89806 | 646653 | SH |  | DFND |  | 584134 | 0 | 62519 |
| REGIONS FINANCIAL CORP NEW COM | COM | 7591EP100 |  | 2919 | 107728 | SH |  | DFND |  | 107728 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC COM CL A | COM CL A | 76954A103 |  | 6288 | 319001 | SH |  | DFND |  | 319001 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW CL A | CL A | 78410G104 |  | 1404 | 7256 | SH |  | DFND |  | 7256 | 0 | 0 |
| SERVICENOW INC COM | COM | 81762P102 |  | 19959 | 130291 | SH |  | DFND |  | 64331 | 0 | 65960 |
| TRACTOR SUPPLY CO COM | COM | 892356106 |  | 63927 | 1278292 | SH |  | DFND |  | 1135142 | 0 | 143150 |
| TWILIO INC CL A | CL A | 90138F102 |  | 2251 | 15828 | SH |  | DFND |  | 15828 | 0 | 0 |
| US BANCORP DEL COM NEW | COM NEW | 902973304 |  | 4863 | 91143 | SH |  | DFND |  | 91143 | 0 | 0 |
| VENTAS INC COM | COM | 92276F100 |  | 2984 | 38557 | SH |  | DFND |  | 38557 | 0 | 0 |
| WALMART INC COM | COM | 931142103 |  | 109400 | 981871 | SH |  | DFND |  | 546921 | 0 | 434950 |
| LATAM AIRLINES GROUP SA SPONSORED ADR | SPONSORED ADR | 51817R205 |  | 2102 | 38922 | SH |  | DFND |  | 26184 | 0 | 12738 |
| ABBOTT LABS COM | COM | 002824100 |  | 11088 | 88498 | SH |  | DFND |  | 88498 | 0 | 0 |
| AUTOZONE INC COM | COM | 053332102 |  | 4083 | 1204 | SH |  | DFND |  | 1204 | 0 | 0 |
| COHERENT CORP COM | COM | 19247G107 |  | 7571 | 41020 | SH |  | DFND |  | 41020 | 0 | 0 |
| CURTISS WRIGHT CORP COM | COM | 231561101 |  | 2004 | 3636 | SH |  | DFND |  | 3636 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 28836 | 239622 | SH |  | DFND |  | 239622 | 0 | 0 |
| HECLA MNG CO COM | COM | 422704106 |  | 6178 | 321922 | SH |  | DFND |  | 321922 | 0 | 0 |
| LAS VEGAS SANDS CORP COM | COM | 517834107 |  | 5497 | 84456 | SH |  | DFND |  | 84456 | 0 | 0 |
| MEDPACE HLDGS INC COM | COM | 58506Q109 |  | 8350 | 14867 | SH |  | DFND |  | 14867 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC COM | COM | 683712103 |  | 3885 | 666391 | SH |  | DFND |  | 666391 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 19300 | 21958 | SH |  | DFND |  | 7528 | 0 | 14430 |
| PEPSICO INC COM | COM | 713448108 |  | 44625 | 310932 | SH |  | DFND |  | 219865 | 0 | 91067 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 9409 | 73702 | SH |  | DFND |  | 73702 | 0 | 0 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 4151 | 73635 | SH |  | DFND |  | 73635 | 0 | 0 |
| ROCKET LAB CORP COM | COM ADDED | 773121108 |  | 10720 | 153676 | SH |  | DFND |  | 153676 | 0 | 0 |
| CLEANSPARK INC COM NEW | COM NEW | 18452B209 |  | 764 | 75523 | SH |  | DFND |  | 75523 | 0 | 0 |
| DOLLAR TREE INC COM | COM | 256746108 |  | 2003 | 16283 | SH |  | DFND |  | 16283 | 0 | 0 |
| MONDELEZ INTL INC CL A | CL A | 609207105 |  | 3705 | 68832 | SH |  | DFND |  | 68832 | 0 | 0 |
| URANIUM ENERGY CORP COM | COM | 916896103 |  | 1533 | 131173 | SH |  | DFND |  | 131173 | 0 | 0 |
| SHELL PLC SPON ADS | ADS | 780259305 |  | 988 | 13446 | SH |  | DFND |  | 13446 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR CL A | CL A | 099502106 |  | 466 | 5519 | SH |  | DFND |  | 5519 | 0 | 0 |
| BXP INC COM | COM | 101121101 |  | 630 | 9332 | SH |  | DFND |  | 9332 | 0 | 0 |
| CARLISLE COS INC COM | COM | 142339100 |  | 12231 | 38239 | SH |  | DFND |  | 38239 | 0 | 0 |
| CENTENE CORP DEL COM | COM | 15135B101 |  | 678 | 16487 | SH |  | DFND |  | 16487 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | COM NEW | 16411R208 |  | 6375 | 32794 | SH |  | DFND |  | 32794 | 0 | 0 |
| COSTAR GROUP INC COM | COM | 22160N109 |  | 1209 | 17981 | SH |  | DFND |  | 17981 | 0 | 0 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 2601 | 16811 | SH |  | DFND |  | 16811 | 0 | 0 |
| DOMINION ENERGY INC COM | COM | 25746U109 |  | 2443 | 41700 | SH |  | DFND |  | 41700 | 0 | 0 |
| DYNATRACE INC COM NEW | COM NEW | 268150109 |  | 918 | 21175 | SH |  | DFND |  | 21175 | 0 | 0 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 1781 | 19264 | SH |  | DFND |  | 19264 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | COM | 29472R108 |  | 566 | 9345 | SH |  | DFND |  | 9345 | 0 | 0 |
| ESSENTIAL UTILS INC COM | COM | 29670G102 |  | 405 | 10566 | SH |  | DFND |  | 10566 | 0 | 0 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 736 | 26497 | SH |  | DFND |  | 26497 | 0 | 0 |
| KRAFT HEINZ CO COM | COM | 500754106 |  | 886 | 36533 | SH |  | DFND |  | 36533 | 0 | 0 |
| LENNOX INTL INC COM | COM | 526107107 |  | 977 | 2013 | SH |  | DFND |  | 2013 | 0 | 0 |
| MSCI INC COM | COM | 55354G100 |  | 2264 | 3946 | SH |  | DFND |  | 3946 | 0 | 0 |
| NATERA INC COM | COM | 632307104 |  | 544 | 2374 | SH |  | DFND |  | 2374 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC COM | COM | 64125C109 |  | 1107 | 7803 | SH |  | DFND |  | 7803 | 0 | 0 |
| SOLVENTUM CORP COM SHS | COM SHS | 83444M101 |  | 1087 | 13717 | SH |  | DFND |  | 13717 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR COM | COM | 874054109 |  | 2067 | 8074 | SH |  | DFND |  | 8074 | 0 | 0 |
| UDR INC COM | COM | 902653104 |  | 570 | 15551 | SH |  | DFND |  | 15551 | 0 | 0 |
| WATSCO INC COM | COM | 942622200 |  | 369 | 1095 | SH |  | DFND |  | 1095 | 0 | 0 |
| WILLIAMS SONOMA INC COM | COM | 969904101 |  | 18280 | 102358 | SH |  | DFND |  | 62593 | 0 | 39765 |
| NATIONAL FUEL GAS CO COM | COM | 636180101 |  | 4789 | 59821 | SH |  | DFND |  | 59821 | 0 | 0 |
| RALPH LAUREN CORP CL A | CL A | 751212101 |  | 6544 | 18507 | SH |  | DFND |  | 18507 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO COM NEW | COM NEW | 03761U502 |  | 2761 | 241364 | SH |  | DFND |  | 241364 | 0 | 0 |
| APOLLO COML REAL EST FIN INC COM | COM | 03762U105 |  | 2708 | 279761 | SH |  | DFND |  | 279761 | 0 | 0 |
| BLACKSTONE SECD LENDING FD COMMON STOCK | COMMON STOCK | 09261X102 |  | 33 | 1240 | SH |  | DFND |  | 1240 | 0 | 0 |
| EAGLE POINT CREDIT COMPANY I COM | COM | 269808101 |  | 1425 | 247357 | SH |  | DFND |  | 247357 | 0 | 0 |
| EMPIRE ST RLTY TR INC CL A | CL A | 292104106 |  | 164 | 25148 | SH |  | DFND |  | 25148 | 0 | 0 |
| FS KKR CAP CORP COM | COM | 302635206 |  | 3376 | 227980 | SH |  | DFND |  | 227980 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST COM | COM | 486606106 |  | 1189 | 96074 | SH |  | DFND |  | 96074 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN COM SHS | COM SHS | 61774A103 |  | 2138 | 129751 | SH |  | DFND |  | 129751 | 0 | 0 |
| RELX PLC SPONSORED ADR | SPONSORED ADR | 759530108 |  | 7082 | 175214 | SH |  | DFND |  | 175214 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 28436 | 180732 | SH |  | DFND |  | 180732 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 10490 | 194483 | SH |  | DFND |  | 154659 | 0 | 39824 |
| CITIGROUP INC COM NEW | COM NEW | 172967424 |  | 32062 | 274758 | SH |  | DFND |  | 265072 | 0 | 9686 |
| CROWN CASTLE INC COM | COM | 22822V101 |  | 3579 | 40274 | SH |  | DFND |  | 40274 | 0 | 0 |
| DISNEY WALT CO COM | COM | 254687106 |  | 31716 | 278772 | SH |  | DFND |  | 174774 | 0 | 103998 |
| DOCUSIGN INC COM | COM | 256163106 |  | 2029 | 29661 | SH |  | DFND |  | 29661 | 0 | 0 |
| ECOLAB INC COM | COM | 278865100 |  | 28916 | 110148 | SH |  | DFND |  | 24606 | 0 | 85542 |
| FACTSET RESH SYS INC COM | COM | 303075105 |  | 665 | 2292 | SH |  | DFND |  | 2292 | 0 | 0 |
| FIRST SOLAR INC COM | COM | 336433107 |  | 12694 | 48595 | SH |  | DFND |  | 48595 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 21868 | 24878 | SH |  | DFND |  | 24878 | 0 | 0 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 20395 | 30146 | SH |  | DFND |  | 30146 | 0 | 0 |
| STRATEGY INC CL A NEW | CL A | 594972408 |  | 15663 | 103083 | SH |  | DFND |  | 103083 | 0 | 0 |
| NASDAQ INC COM | COM | 631103108 |  | 5697 | 58649 | SH |  | DFND |  | 58649 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | CL A | 69608A108 |  | 48513 | 272929 | SH |  | DFND |  | 272929 | 0 | 0 |
| PROGRESSIVE CORP COM | COM | 743315103 |  | 58512 | 256949 | SH |  | DFND |  | 227225 | 0 | 29724 |
| SALESFORCE INC COM | COM | 79466L302 |  | 37282 | 140736 | SH |  | DFND |  | 82650 | 0 | 58086 |
| SCHWAB CHARLES CORP COM | COM | 808513105 |  | 9112 | 91199 | SH |  | DFND |  | 91199 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 90127 | 586727 | SH |  | DFND |  | 497939 | 0 | 88788 |
| UNITED RENTALS INC COM | COM | 911363109 |  | 15967 | 19729 | SH |  | DFND |  | 9066 | 0 | 10663 |
| XYLEM INC COM | COM | 98419M100 |  | 35822 | 270104 | SH |  | DFND |  | 135021 | 0 | 135083 |
| ROYAL CARIBBEAN GROUP COM | COM | V7780T103 |  | 17491 | 62709 | SH |  | DFND |  | 52839 | 0 | 9870 |
| ASTRAZENECA PLC SPONSORED ADR | SPONSORED ADR | 046353108 |  | 45051 | 528106 | SH |  | DFND |  | 528106 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 36740 | 116024 | SH |  | DFND |  | 116024 | 0 | 0 |
| HARMONY GOLD MINING CO LTD SPONSORED ADR | SPONSORED ADR | 413216300 |  | 7791 | 391485 | SH |  | DFND |  | 350347 | 0 | 41138 |
| AMEREN CORP COM | COM | 023608102 |  | 3295 | 33001 | SH |  | DFND |  | 33001 | 0 | 0 |
| APPLIED DIGITAL CORP COM NEW | COM NEW | 038169207 |  | 5086 | 207428 | SH |  | DFND |  | 207428 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW COM | NEW COM | 04247X102 |  | 1245 | 6516 | SH |  | DFND |  | 6516 | 0 | 0 |
| BLOOM ENERGY CORP COM CL A | COM CL A | 093712107 |  | 5289 | 60871 | SH |  | DFND |  | 60871 | 0 | 0 |
| CELSIUS HLDGS INC COM NEW | COM NEW | 15118V207 |  | 6311 | 137965 | SH |  | DFND |  | 137965 | 0 | 0 |
| COINBASE GLOBAL INC COM CL A | COM CL A | 19260Q107 |  | 10534 | 46583 | SH |  | DFND |  | 30099 | 0 | 16484 |
| COMMSCOPE HLDG CO INC COM | COM | 20337X109 |  | 4766 | 262852 | SH |  | DFND |  | 262852 | 0 | 0 |
| DATADOG INC CL A COM | COM | 23804L103 |  | 7348 | 54030 | SH |  | DFND |  | 54030 | 0 | 0 |
| INTERDIGITAL INC COM | COM | 45867G101 |  | 18179 | 57097 | SH |  | DFND |  | 57097 | 0 | 0 |
| LAUDER ESTEE COS INC CL A | CL A | 518439104 |  | 8396 | 80177 | SH |  | DFND |  | 80177 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW COM | COM | 61174X109 |  | 18071 | 235698 | SH |  | DFND |  | 235698 | 0 | 0 |
| ROLLINS INC COM | COM | 775711104 |  | 3168 | 52786 | SH |  | DFND |  | 52786 | 0 | 0 |
| VIATRIS INC COM | COM | 92556V106 |  | 6869 | 551758 | SH |  | DFND |  | 551758 | 0 | 0 |
| CAL MAINE FOODS INC COM NEW | COM NEW | 128030202 |  | 10479 | 131695 | SH |  | DFND |  | 131695 | 0 | 0 |
| DIAMONDBACK ENERGY INC COM | COM | 25278X109 |  | 1986 | 13210 | SH |  | DFND |  | 13210 | 0 | 0 |
| GALAXY DIGITAL INC. CL A | CL A | 36317J209 |  | 658 | 29426 | SH |  | DFND |  | 29426 | 0 | 0 |
| SEA LTD SPONSORD ADS | SPONSORED ADS | 81141R100 |  | 3284 | 25743 | SH |  | DFND |  | 25743 | 0 | 0 |
| US FOODS HLDG CORP COM | COM | 912008109 |  | 5649 | 75003 | SH |  | DFND |  | 75003 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO CL A | CL A | 192446102 |  | 3086 | 37184 | SH |  | DFND |  | 37184 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 6636 | 266493 | SH |  | DFND |  | 266493 | 0 | 0 |
| AGILENT TECHNOLOGIES INC COM | COM | 00846U101 |  | 1698 | 12479 | SH |  | DFND |  | 12479 | 0 | 0 |
| ALIGN TECHNOLOGY INC COM | COM | 016255101 |  | 440 | 2820 | SH |  | DFND |  | 2820 | 0 | 0 |
| BOEING CO COM | COM | 097023105 |  | 19016 | 87581 | SH |  | DFND |  | 31288 | 0 | 56293 |
| BURLINGTON STORES INC COM | COM | 122017106 |  | 1050 | 3635 | SH |  | DFND |  | 3635 | 0 | 0 |
| CF INDS HLDGS INC COM | COM | 125269100 |  | 8599 | 111188 | SH |  | DFND |  | 14725 | 0 | 96463 |
| EDISON INTL COM | COM | 281020107 |  | 7427 | 123738 | SH |  | DFND |  | 59771 | 0 | 63967 |
| ELECTRONIC ARTS INC COM | COM | 285512109 |  | 2491 | 12189 | SH |  | DFND |  | 12189 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | CL B | 35671D857 |  | 4952 | 97500 | SH |  | DFND |  | 97500 | 0 | 0 |
| GODADDY INC CL A | CL A | 380237107 |  | 1199 | 9660 | SH |  | DFND |  | 9660 | 0 | 0 |
| HOLOGIC INC COM | COM | 436440101 |  | 922 | 12382 | SH |  | DFND |  | 12382 | 0 | 0 |
| HUBSPOT INC COM | COM | 443573100 |  | 923 | 2301 | SH |  | DFND |  | 2301 | 0 | 0 |
| IDEX CORP COM | COM | 45167R104 |  | 728 | 4090 | SH |  | DFND |  | 4090 | 0 | 0 |
| IRON MTN INC DEL COM | COM | 46284V101 |  | 1174 | 14149 | SH |  | DFND |  | 14149 | 0 | 0 |
| KIMCO RLTY CORP COM | COM | 49446R109 |  | 951 | 46917 | SH |  | DFND |  | 46917 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 3194 | 8332 | SH |  | DFND |  | 8332 | 0 | 0 |
| NVR INC COM | COM | 62944T105 |  | 912 | 125 | SH |  | DFND |  | 125 | 0 | 0 |
| NISOURCE INC COM | COM | 65473P105 |  | 1019 | 24413 | SH |  | DFND |  | 24413 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 2801 | 9702 | SH |  | DFND |  | 9702 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN COM | COM | 679580100 |  | 1177 | 7506 | SH |  | DFND |  | 7506 | 0 | 0 |
| PG CORP COM | COM | 69331C108 |  | 3507 | 218208 | SH |  | DFND |  | 218208 | 0 | 0 |
| REVVITY INC COM | COM | 714046109 |  | 526 | 5433 | SH |  | DFND |  | 5433 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 2237 | 17336 | SH |  | DFND |  | 17336 | 0 | 0 |
| ROCKWELL AUTOMATION INC COM | COM | 773903109 |  | 4754 | 12218 | SH |  | DFND |  | 5794 | 0 | 6424 |
| ROPER TECHNOLOGIES INC COM | COM | 776696106 |  | 2000 | 4493 | SH |  | DFND |  | 4493 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI COM | COM | 88262P102 |  | 626 | 2181 | SH |  | DFND |  | 2181 | 0 | 0 |
| THE TRADE DESK INC COM CL A | COM CL A | 88339J105 |  | 742 | 19557 | SH |  | DFND |  | 19557 | 0 | 0 |
| TOAST INC CL A | CL A | 888787108 |  | 1126 | 31703 | SH |  | DFND |  | 31703 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 40330 | 174346 | SH |  | DFND |  | 60826 | 0 | 113520 |
| VALERO ENERGY CORP COM | COM | 91913Y100 |  | 2488 | 15285 | SH |  | DFND |  | 15285 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | COM | 92532F100 |  | 4772 | 10526 | SH |  | DFND |  | 10526 | 0 | 0 |
| XCEL ENERGY INC COM | COM | 98389B100 |  | 1691 | 22901 | SH |  | DFND |  | 22901 | 0 | 0 |
| BLACKSTONE MTG TR INC COM CL A | COM CL A | 09257W100 |  | 2750 | 143759 | SH |  | DFND |  | 143759 | 0 | 0 |
| GOLDMAN SACHS BDC INC SHS | SHS | 38147U107 |  | 3357 | 361731 | SH |  | DFND |  | 361731 | 0 | 0 |
| NEUBERGER ENGY INFRSTR  INC COM | COM | 64129H104 |  | 360 | 42268 | SH |  | DFND |  | 42268 | 0 | 0 |
| NUVEEN CHURCHILL DIRECT LEND COM SHS | COM SHS | 67090S108 |  | 2007 | 150476 | SH |  | DFND |  | 150476 | 0 | 0 |
| CARLYLE SECURED LENDING INC COM | COM | 872280102 |  | 3670 | 293858 | SH |  | DFND |  | 293858 | 0 | 0 |
| DYCOM INDS INC COM | COM | 267475101 |  | 1822 | 5392 | SH |  | DFND |  | 5392 | 0 | 0 |
| TFI INTL INC COM | COM | 87241L109 |  | 25 | 24172 | SH |  | DFND |  | 24172 | 0 | 0 |
| AT INC COM | COM | 00206R102 |  | 16403 | 660341 | SH |  | DFND |  | 660341 | 0 | 0 |
| AUTOHOME INC SP ADS RP CL A | CL A | 05278C107 |  | 894 | 40169 | SH |  | DFND |  | 40169 | 0 | 0 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 37921 | 689467 | SH |  | DFND |  | 671200 | 0 | 18267 |
| BEST BUY INC COM | COM | 086516101 |  | 6877 | 102749 | SH |  | DFND |  | 102749 | 0 | 0 |
| BILIBILI INC SPONS ADS REP Z | ADS | 090040106 |  | 952 | 38708 | SH |  | DFND |  | 38708 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | COM | 14448C104 |  | 2030 | 38425 | SH |  | DFND |  | 38425 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | COM | 169656105 |  | 3671 | 99215 | SH |  | DFND |  | 76758 | 0 | 22457 |
| COCA COLA CO COM | COM | 191216100 |  | 87189 | 1247166 | SH |  | DFND |  | 1233862 | 0 | 13304 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 33306 | 421484 | SH |  | DFND |  | 289756 | 0 | 131728 |
| COSTCO WHSL CORP NEW COM | NEW COM | 22160K105 |  | 86464 | 100267 | SH |  | DFND |  | 84315 | 0 | 15952 |
| DEERE  CO COM | COM | 244199105 |  | 5998 | 12883 | SH |  | DFND |  | 12883 | 0 | 0 |
| EBAY INC. COM | COM | 278642103 |  | 56433 | 647914 | SH |  | DFND |  | 540420 | 0 | 107494 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 77478 | 126642 | SH |  | DFND |  | 111890 | 0 | 14752 |
| META PLATFORMS INC CL A | CL A | 30303M102 |  | 294965 | 451151 | SH |  | DFND |  | 389004 | 0 | 62147 |
| FEDEX CORP COM | COM | 31428X106 |  | 4947 | 17126 | SH |  | DFND |  | 13228 | 0 | 3898 |
| FORD MTR CO COM | COM | 345370860 |  | 13309 | 1014387 | SH |  | DFND |  | 1014387 | 0 | 0 |
| FORTINET INC COM | COM | 34959E109 |  | 26468 | 333307 | SH |  | DFND |  | 333307 | 0 | 0 |
| JACOBS SOLUTIONS INC COM | COM | 46982L108 |  | 2844 | 21471 | SH |  | DFND |  | 21471 | 0 | 0 |
| MARSH  MCLENNAN COS INC COM | COM | 571748102 |  | 4921 | 26527 | SH |  | DFND |  | 26527 | 0 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 75279 | 37373 | SH |  | DFND |  | 27608 | 0 | 9765 |
| MORGAN STANLEY COM NEW | COM NEW | 617446448 |  | 17685 | 99617 | SH |  | DFND |  | 99617 | 0 | 0 |
| NETFLIX INC COM | COM | 64110L106 |  | 35494 | 378561 | SH |  | DFND |  | 241221 | 0 | 137340 |
| QUEST DIAGNOSTICS INC COM | COM | 74834L100 |  | 1569 | 9042 | SH |  | DFND |  | 9042 | 0 | 0 |
| SAMSARA INC COM CL A | COM CL A | 79589L106 |  | 2359 | 66557 | SH |  | DFND |  | 66557 | 0 | 0 |
| STATE STR CORP COM | COM | 857477103 |  | 3057 | 23694 | SH |  | DFND |  | 23694 | 0 | 0 |
| TARGET CORP COM | COM | 87612E106 |  | 3920 | 40105 | SH |  | DFND |  | 28384 | 0 | 11721 |
| CVS HEALTH CORP COM | COM | 126650100 |  | 28059 | 373299 | SH |  | DFND |  | 373299 | 0 | 0 |
| PDD HOLDINGS INC SPONSORED ADS | SPONSORED ADS | 722304102 |  | 25072 | 221109 | SH |  | DFND |  | 200290 | 0 | 20819 |
| AFFIRM HLDGS INC COM CL A | COM CL A | 00827B106 |  | 5554 | 74614 | SH |  | DFND |  | 74614 | 0 | 0 |
| AMPHENOL CORP NEW CL A | CL A | 032095101 |  | 25651 | 189807 | SH |  | DFND |  | 189807 | 0 | 0 |
| ANTERO MIDSTREAM CORP COM | COM | 03676B102 |  | 2046 | 114991 | SH |  | DFND |  | 114991 | 0 | 0 |
| APOLLO GLOBAL MGMT INC COM | COM | 03769M106 |  | 8550 | 59060 | SH |  | DFND |  | 59060 | 0 | 0 |
| BLACKROCK INC COM | COM ADDED | 09290D101 |  | 8127 | 7593 | SH |  | DFND |  | 7593 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 25179 | 103892 | SH |  | DFND |  | 103892 | 0 | 0 |
| COEUR MNG INC COM NEW | COM NEW | 192108504 |  | 6696 | 375540 | SH |  | DFND |  | 375540 | 0 | 0 |
| DONALDSON INC COM | COM | 257651109 |  | 3593 | 40521 | SH |  | DFND |  | 40521 | 0 | 0 |
| ECHOSTAR CORP CL A | CL A | 278768106 |  | 11482 | 105631 | SH |  | DFND |  | 105631 | 0 | 0 |
| FEDERATED HERMES INC CL B | CL B | 314211103 |  | 2117 | 40654 | SH |  | DFND |  | 40654 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC COM | COM | 416515104 |  | 43325 | 314406 | SH |  | DFND |  | 236255 | 0 | 78151 |
| LEIDOS HOLDINGS INC COM | COM | 525327102 |  | 8036 | 44546 | SH |  | DFND |  | 44546 | 0 | 0 |
| MASTEC INC COM | COM | 576323109 |  | 6152 | 28300 | SH |  | DFND |  | 28300 | 0 | 0 |
| ROSS STORES INC COM | COM | 778296103 |  | 18717 | 103904 | SH |  | DFND |  | 86449 | 0 | 17455 |
| SOUTHERN CO COM | COM | 842587107 |  | 5866 | 67266 | SH |  | DFND |  | 67266 | 0 | 0 |
| TENET HEALTHCARE CORP COM NEW | COM NEW | 88033G407 |  | 20648 | 103906 | SH |  | DFND |  | 103906 | 0 | 0 |
| VISTRA CORP COM | COM | 92840M102 |  | 16959 | 105123 | SH |  | DFND |  | 105123 | 0 | 0 |
| QUANTA SVCS INC COM | COM | 74762E102 |  | 3458 | 8194 | SH |  | DFND |  | 8194 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 2445 | 36476 | SH |  | DFND |  | 36476 | 0 | 0 |
| EPAM SYS INC COM | COM | 29414B104 |  | 1014 | 4948 | SH |  | DFND |  | 4948 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 1022 | 5637 | SH |  | DFND |  | 5637 | 0 | 0 |
| THE CAMPBELLS COMPANY COM | COM | 134429109 |  | 62 | 2209 | SH |  | DFND |  | 2209 | 0 | 0 |
| CARVANA CO CL A | CL A | 146869102 |  | 7476 | 17715 | SH |  | DFND |  | 6667 | 0 | 11048 |
| CONAGRA BRANDS INC COM | COM | 205887102 |  | 259 | 14991 | SH |  | DFND |  | 14991 | 0 | 0 |
| CONSOLIDATED EDISON INC COM | COM | 209115104 |  | 1291 | 12998 | SH |  | DFND |  | 12998 | 0 | 0 |
| CONSTELLATION BRANDS INC CL A | CL A | 21036P108 |  | 915 | 6635 | SH |  | DFND |  | 6635 | 0 | 0 |
| DTE ENERGY CO COM | COM | 233331107 |  | 1124 | 8717 | SH |  | DFND |  | 8717 | 0 | 0 |
| EQUITABLE HLDGS INC COM | COM | 29452E101 |  | 579 | 12147 | SH |  | DFND |  | 12147 | 0 | 0 |
| EQUITY RESIDENTIAL SH BEN INT | INT | 29476L107 |  | 956 | 15168 | SH |  | DFND |  | 15168 | 0 | 0 |
| EVERSOURCE ENERGY COM | COM | 30040W108 |  | 983 | 14605 | SH |  | DFND |  | 14605 | 0 | 0 |
| EXPEDITORS INTL WASH INC COM | COM | 302130109 |  | 1533 | 10285 | SH |  | DFND |  | 10285 | 0 | 0 |
| INTERNATIONAL FLAVORS COM | COM | 459506101 |  | 734 | 10896 | SH |  | DFND |  | 10896 | 0 | 0 |
| KROGER CO COM | COM | 501044101 |  | 1862 | 29804 | SH |  | DFND |  | 29804 | 0 | 0 |
| LENNAR CORP CL A | CL A | 526057104 |  | 786 | 7643 | SH |  | DFND |  | 7643 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN COM | COM | 538034109 |  | 1001 | 7028 | SH |  | DFND |  | 7028 | 0 | 0 |
| LOEWS CORP COM | COM | 540424108 |  | 766 | 7271 | SH |  | DFND |  | 7271 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 2773 | 17054 | SH |  | DFND |  | 17054 | 0 | 0 |
| MASCO CORP COM | COM | 574599106 |  | 824 | 12991 | SH |  | DFND |  | 12991 | 0 | 0 |
| NORDSON CORP COM | COM | 655663102 |  | 870 | 3620 | SH |  | DFND |  | 3620 | 0 | 0 |
| PPG INDS INC COM | COM | 693506107 |  | 912 | 8897 | SH |  | DFND |  | 8897 | 0 | 0 |
| PPL CORP COM | COM | 69351T106 |  | 1133 | 32364 | SH |  | DFND |  | 32364 | 0 | 0 |
| PACKAGING CORP AMER COM | COM | 695156109 |  | 1082 | 5248 | SH |  | DFND |  | 5248 | 0 | 0 |
| QNITY ELECTRONICS INC COMMON STOCK ADDED | COMMON STOCK | 74743L100 |  | 788 | 9647 | SH |  | DFND |  | 9647 | 0 | 0 |
| RPM INTL INC COM | COM | 749685103 |  | 907 | 8725 | SH |  | DFND |  | 8725 | 0 | 0 |
| RALLIANT CORP COM | COM ADDED | 750940108 |  | 233 | 4583 | SH |  | DFND |  | 4583 | 0 | 0 |
| SYNCHRONY FINANCIAL COM | COM | 87165B103 |  | 1847 | 22139 | SH |  | DFND |  | 22139 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC COM | COM | 879360105 |  | 1261 | 2469 | SH |  | DFND |  | 2469 | 0 | 0 |
| TERADYNE INC COM | COM | 880770102 |  | 1852 | 9566 | SH |  | DFND |  | 9566 | 0 | 0 |
| TRANSDIGM GROUP INC COM | COM | 893641100 |  | 3035 | 2282 | SH |  | DFND |  | 2282 | 0 | 0 |
| WORKDAY INC CL A | CL A | 98138H101 |  | 2512 | 11696 | SH |  | DFND |  | 11696 | 0 | 0 |
| ZSCALER INC COM | COM | 98980G102 |  | 1643 | 7305 | SH |  | DFND |  | 7305 | 0 | 0 |
| LINCOLN ELEC HLDGS INC COM | COM | 533900106 |  | 5883 | 24550 | SH |  | DFND |  | 24550 | 0 | 0 |
| ITAU UNIBANCO HLDG S A SPON ADR REP PFD | SPON ADR REP PFD | 465562106 |  | 4718 | 658932 | SH |  | DFND |  | 658932 | 0 | 0 |
| PRIMERICA INC COM | COM | 74164M108 |  | 5190 | 20090 | SH |  | DFND |  | 20090 | 0 | 0 |
| QUALYS INC COM | COM | 74758T303 |  | 4716 | 35489 | SH |  | DFND |  | 35489 | 0 | 0 |
| URBAN OUTFITTERS INC COM | COM | 917047102 |  | 26774 | 355747 | SH |  | DFND |  | 255570 | 0 | 100177 |
| SNAP INC CL A | CL A | 83304A106 |  | 437 | 54157 | SH |  | DFND |  | 54157 | 0 | 0 |
| NETEASE INC SPONSORED ADS | SPONSORED ADS | 64110W102 |  | 46773 | 339869 | SH |  | DFND |  | 339869 | 0 | 0 |
| CION INVT CORP COM | COM | 17259U204 |  | 1780 | 184026 | SH |  | DFND |  | 184026 | 0 | 0 |
| EASTGROUP PPTYS INC COM | COM | 277276101 |  | 144 | 806 | SH |  | DFND |  | 806 | 0 | 0 |
| SARATOGA INVT CORP COM NEW | NEW COM | 80349A208 |  | 624 | 27027 | SH |  | DFND |  | 27027 | 0 | 0 |
| CHEWY INC CL A | CL A | 16679L109 |  | 1848 | 55916 | SH |  | DFND |  | 55916 | 0 | 0 |
| HOST HOTELS  RESORTS INC COM | COM | 44107P104 |  | 5092 | 287214 | SH |  | DFND |  | 287214 | 0 | 0 |
| HDFC BANK LTD SPONSORED ADS | SPONSORED ADS | 40415F101 |  | 28444 | 778444 | SH |  | DFND |  | 31728 | 0 | 746716 |
| ADOBE INC COM | COM | 00724F101 |  | 53413 | 152613 | SH |  | DFND |  | 117074 | 0 | 35539 |
| AKAMAI TECHNOLOGIES INC COM | COM | 00971T101 |  | 1487 | 17048 | SH |  | DFND |  | 17048 | 0 | 0 |
| CENCORA INC COM | COM | 03073E105 |  | 14710 | 43552 | SH |  | DFND |  | 43552 | 0 | 0 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 112006 | 435838 | SH |  | DFND |  | 259225 | 0 | 176613 |
| AUTODESK INC COM | COM | 052769106 |  | 40625 | 137241 | SH |  | DFND |  | 102793 | 0 | 34448 |
| CISCO SYS INC COM | COM | 17275R102 |  | 90395 | 1209428 | SH |  | DFND |  | 1196235 | 0 | 13193 |
| EDWARDS LIFESCIENCES CORP COM | COM | 28176E108 |  | 4263 | 50006 | SH |  | DFND |  | 50006 | 0 | 0 |
| F5 INC COM | COM | 315616102 |  | 2030 | 7954 | SH |  | DFND |  | 7954 | 0 | 0 |
| HP INC COM | COM | 40434L105 |  | 1067 | 47895 | SH |  | DFND |  | 47895 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C COM | COM | 42824C109 |  | 3046 | 126796 | SH |  | DFND |  | 126796 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 2260 | 7396 | SH |  | DFND |  | 7396 | 0 | 0 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 7801 | 44963 | SH |  | DFND |  | 44963 | 0 | 0 |
| VERALTO CORP COM SHS | COM SHS | 92338C103 |  | 2652 | 26579 | SH |  | DFND |  | 26579 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 55934 | 1373277 | SH |  | DFND |  | 1373277 | 0 | 0 |
| VISA INC COM CL A | CL A | 92826C839 |  | 164619 | 482024 | SH |  | DFND |  | 330544 | 0 | 151480 |
| WESTERN DIGITAL CORP COM | COM | 958102105 |  | 45308 | 263008 | SH |  | DFND |  | 94907 | 0 | 168101 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 56893 | 752275 | SH |  | DFND |  | 506901 | 0 | 245374 |
| BRIGHTSPRING HEALTH SVCS INC COM | COM | 10950A106 |  | 5394 | 144037 | SH |  | DFND |  | 144037 | 0 | 0 |
| CATERPILLAR INC COM | COM | 149123101 |  | 48627 | 84883 | SH |  | DFND |  | 84883 | 0 | 0 |
| CELCUITY INC COM | COM | 15102K100 |  | 5102 | 51155 | SH |  | DFND |  | 51155 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | COM NEW | 26441C204 |  | 5658 | 48269 | SH |  | DFND |  | 48269 | 0 | 0 |
| E L F BEAUTY INC COM | COM | 26856L103 |  | 5613 | 73811 | SH |  | DFND |  | 73811 | 0 | 0 |
| HCA HEALTHCARE INC COM | COM | 40412C101 |  | 42193 | 90377 | SH |  | DFND |  | 65671 | 0 | 24706 |
| KRATOS DEFENSE  SEC SOLUTIO COM NEW | COM NEW | 50077B207 |  | 5967 | 78609 | SH |  | DFND |  | 78609 | 0 | 0 |
| LAUREATE EDUCATION INC COMMON STOCK | COMMON STOCK | 518613203 |  | 2238 | 66463 | SH |  | DFND |  | 66463 | 0 | 0 |
| MAIN STR CAP CORP COM | COM | 56035L104 |  | 2141 | 35461 | SH |  | DFND |  | 35461 | 0 | 0 |
| NEWMONT CORP COM | COM | 651639106 |  | 102205 | 1023584 | SH |  | DFND |  | 892710 | 0 | 130874 |
| OREILLY AUTOMOTIVE INC COM | COM | 67103H107 |  | 5083 | 55732 | SH |  | DFND |  | 55732 | 0 | 0 |
| ROBINHOOD MKTS INC COM CL A | COM CL A | 770700102 |  | 19645 | 173699 | SH |  | DFND |  | 173699 | 0 | 0 |
| STRYKER CORPORATION COM | COM | 863667101 |  | 6955 | 19788 | SH |  | DFND |  | 19788 | 0 | 0 |
| SUNRUN INC COM | COM | 86771W105 |  | 4969 | 270059 | SH |  | DFND |  | 270059 | 0 | 0 |
| VIASAT INC COM | COM | 92552V100 |  | 5870 | 170339 | SH |  | DFND |  | 170339 | 0 | 0 |
| VICI PPTYS INC COM | COM | 925652109 |  | 10350 | 368049 | SH |  | DFND |  | 368049 | 0 | 0 |
| BECTON DICKINSON  CO COM | COM | 075887109 |  | 3473 | 17894 | SH |  | DFND |  | 17894 | 0 | 0 |
| WESTLAKE CORPORATION COM | COM | 960413102 |  | 520 | 7037 | SH |  | DFND |  | 7037 | 0 | 0 |
| ALLIANT ENERGY CORP COM | COM | 018802108 |  | 794 | 12217 | SH |  | DFND |  | 12217 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO COM | COM | 025932104 |  | 479 | 3501 | SH |  | DFND |  | 3501 | 0 | 0 |
| CSX CORP COM | COM | 126408103 |  | 2807 | 77421 | SH |  | DFND |  | 77421 | 0 | 0 |
| CORPAY INC COM SHS | COM SHS | 219948106 |  | 1187 | 3946 | SH |  | DFND |  | 3946 | 0 | 0 |
| DARDEN RESTAURANTS INC COM | COM | 237194105 |  | 17478 | 94979 | SH |  | DFND |  | 43641 | 0 | 51338 |
| DICKS SPORTING GOODS INC COM | COM | 253393102 |  | 953 | 4814 | SH |  | DFND |  | 4814 | 0 | 0 |
| DOW INC COM | COM | 260557103 |  | 559 | 23896 | SH |  | DFND |  | 23896 | 0 | 0 |
| EOG RES INC COM | COM | 26875P101 |  | 7665 | 72989 | SH |  | DFND |  | 72989 | 0 | 0 |
| EQUIFAX INC COM | COM | 294429105 |  | 1037 | 4778 | SH |  | DFND |  | 4778 | 0 | 0 |
| INTERNATIONAL PAPER CO COM | COM | 460146103 |  | 899 | 22829 | SH |  | DFND |  | 22829 | 0 | 0 |
| LIBERTY MEDIA CORP DEL COM LBTY ONE S C | ONE S C | 531229755 |  | 953 | 9672 | SH |  | DFND |  | 9672 | 0 | 0 |
| MARTIN MARIETTA MATLS INC COM | COM | 573284106 |  | 1520 | 2441 | SH |  | DFND |  | 2441 | 0 | 0 |
| MOLSON COORS BEVERAGE CO CL B | CL B | 60871R209 |  | 226 | 4841 | SH |  | DFND |  | 4841 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC COM | COM | 78467J100 |  | 951 | 10878 | SH |  | DFND |  | 10878 | 0 | 0 |
| SMUCKER J M CO COM NEW | COM NEW | 832696405 |  | 382 | 3908 | SH |  | DFND |  | 3908 | 0 | 0 |
| SUN CMNTYS INC COM | COM | 866674104 |  | 816 | 6588 | SH |  | DFND |  | 6588 | 0 | 0 |
| TARGA RES CORP COM | COM | 87612G101 |  | 1795 | 9729 | SH |  | DFND |  | 9729 | 0 | 0 |
| TRADEWEB MKTS INC CL A | CL A | 892672106 |  | 583 | 5424 | SH |  | DFND |  | 5424 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI CL A | CL A | 989207105 |  | 996 | 4101 | SH |  | DFND |  | 4101 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | SHS CLASS A | G1151C101 |  | 7437 | 27719 | SH |  | DFND |  | 27719 | 0 | 0 |
| APA CORPORATION COM | COM | 03743Q108 |  | 16219 | 663079 | SH |  | DFND |  | 663079 | 0 | 0 |
| SOUTHERN COPPER CORP COM | COM | 84265V105 |  | 6990 | 48722 | SH |  | DFND |  | 48722 | 0 | 0 |
| STERLING INFRASTRUCTURE INC COM | COM | 859241101 |  | 4699 | 15346 | SH |  | DFND |  | 15346 | 0 | 0 |
| LKQ CORP COM | COM | 501889208 |  | 107 | 3555 | SH |  | DFND |  | 3555 | 0 | 0 |
| BARINGS BDC INC COM | COM | 06759L103 |  | 2035 | 221630 | SH |  | DFND |  | 221630 | 0 | 0 |
| CANADIAN NATL RY CO COM | COM | 136375102 |  | 170 | 1721 | SH |  | DFND |  | 1721 | 0 | 0 |
| INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT | SH BEN INT | 456237106 |  | 87 | 15687 | SH |  | DFND |  | 15687 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO COM | COM | 67401P405 |  | 3283 | 257662 | SH |  | DFND |  | 257662 | 0 | 0 |
| OXFORD LANE CAP CORP COM | COM ADDED | 691543847 |  | 2246 | 153382 | SH |  | DFND |  | 153382 | 0 | 0 |
| SIXTH STREET SPECIALTY LENDI COM | COM | 83012A109 |  | 43 | 1959 | SH |  | DFND |  | 1959 | 0 | 0 |
| ARGAN INC COM | COM | 04010E109 |  | 1937 | 6182 | SH |  | DFND |  | 6182 | 0 | 0 |
| EAST WEST BANCORP INC COM | COM | 27579R104 |  | 3757 | 33431 | SH |  | DFND |  | 33431 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | CL A | 82509L107 |  | 19679 | 122301 | SH |  | DFND |  | 0 | 0 | 122301 |
| BIO-TECHNE CORP COM | COM | 09073M104 |  | 19043 | 323805 | SH |  | DFND |  | 0 | 0 | 323805 |
| SMITH A O CORP COM | COM | 831865209 |  | 3146 | 47042 | SH |  | DFND |  | 0 | 0 | 47042 |

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