# EDGAR Filing Document

**Accession Number:** 0001397424
**File Stem:** 0001397424-26-000003
**Filing Date:** 2026-5
**Character Count:** 42910
**Document Hash:** 60d05e3b194342867e957f47404bd4d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001397424-26-000003.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001397424-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WBI INVESTMENTS, LLC
- **CENTRAL INDEX KEY:** 0001397424

**ORGANIZATION NAME:**
- **EIN:** 922175746
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12525
- **FILM NUMBER:** 26962310

**BUSINESS ADDRESS:**
- **STREET 1:** 331 NEWMAN SPRINGS ROAD
- **STREET 2:** SUITE 105
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701
- **BUSINESS PHONE:** 732-842-4920

**MAIL ADDRESS:**
- **STREET 1:** 331 NEWMAN SPRINGS ROAD
- **STREET 2:** SUITE 143
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WBI INVESTMENTS, INC.
- **DATE OF NAME CHANGE:** 20150212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WBI INVESTMENTS
- **DATE OF NAME CHANGE:** 20100211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wealth Builders
- **DATE OF NAME CHANGE:** 20070424

### 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:** WBI INVESTMENTS LLC<br>**Address:** 331 NEWMAN SPRINGS ROAD<br>SUITE 143<br>RED BANK, NJ 07701

**Form 13F File Number:** 028-12525

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:** 0001909316<br>**Title:** CCO<br>**Phone:** 732-842-4920

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

/s/ Don Schreiber Jr.  Red Bank, NJ  05-11-2026<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:** 1

**Form 13F Information Table Entry Total:** 404

**Form 13F Information Table Value Total:** $362367593

      (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   |
|:---|:---|:---|
|  | MILLINGTON SECURITIES LLC | 028-16338              |

### 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 |
| AES CORP | COM | 00130H105 |  | 994486 | 70581 | SH |  | DFND | 1 | 0 | 70581 | 0 |
| AT INC | COM | 00206R102 |  | 1469561 | 50692 | SH |  | DFND | 1 | 0 | 50692 | 0 |
| AT INC | COM | 00206R102 |  | 276912 | 9552 | SH |  | SOLE |  | 9552 | 0 | 0 |
| ABSOLUTE SHS TR | WBI BBR VAL 3000 | 00400R601 |  | 15571658 | 498376 | SH |  | SOLE |  | 498376 | 0 | 0 |
| ABSOLUTE SHS TR | WBI BBR YLD 3000 | 00400R700 |  | 17491202 | 743108 | SH |  | SOLE |  | 743108 | 0 | 0 |
| ABSOLUTE SHS TR | WBI BBR QTY 3000 | 00400R809 |  | 18772015 | 559037 | SH |  | SOLE |  | 559037 | 0 | 0 |
| ABSOLUTE SHS TR | WBI PWR FACTOR | 00400R858 |  | 29606213 | 872310 | SH |  | SOLE |  | 872310 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 370171 | 1321 | SH |  | DFND | 1 | 0 | 1321 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 289913 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 544582 | 2677 | SH |  | DFND | 1 | 0 | 2677 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 312900 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 621813 | 2999 | SH |  | DFND | 1 | 0 | 2999 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 560419 | 2703 | SH |  | SOLE |  | 2703 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2202408 | 7659 | SH |  | SOLE |  | 7659 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 3748364 | 56802 | SH |  | DFND | 1 | 0 | 56802 | 0 |
| ALTRIA GROUP INC | COM | 02209s103 |  | 418179 | 6337 | SH |  | SOLE |  | 6337 | 0 | 0 |
| KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 |  | 1018643 | 21042 | SH |  | DFND | 1 | 0 | 21042 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1512523 | 7262 | SH |  | SOLE |  | 7262 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 636115 | 2103 | SH |  | DFND | 1 | 0 | 2103 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 280822 | 928 | SH |  | SOLE |  | 928 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 327334 | 1042 | SH |  | DFND | 1 | 0 | 1042 | 0 |
| CENCORA INC | COM | 03073E105 |  | 782727 | 2492 | SH |  | SOLE |  | 2492 | 0 | 0 |
| ANGEL OAK FUNDS TRUST | HIGH YIELD OPPOR | 03463K745 |  | 727206 | 66533 | SH |  | DFND | 1 | 0 | 66533 | 0 |
| ANGEL OAK FUNDS TRUST | HIGH YIELD OPPOR | 03463K745 |  | 455158 | 41643 | SH |  | SOLE |  | 41643 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 1298155 | 30588 | SH |  | DFND | 1 | 0 | 30588 | 0 |
| APPLE INC | COM | 037833100 |  | 1971583 | 7769 | SH |  | SOLE |  | 7769 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820c105 |  | 205888 | 776 | SH |  | DFND | 1 | 0 | 776 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820c105 |  | 655643 | 2471 | SH |  | SOLE |  | 2471 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 628673 | 7432 | SH |  | DFND | 1 | 0 | 7432 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 358662 | 4240 | SH |  | SOLE |  | 4240 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 426007 | 1070 | SH |  | SOLE |  | 1070 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1128216 | 32420 | SH |  | DFND | 1 | 0 | 32420 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1609540 | 46251 | SH |  | SOLE |  | 46251 | 0 | 0 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316a108 |  | 300363 | 8254 | SH |  | DFND | 1 | 0 | 8254 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 368970 | 1694 | SH |  | DFND | 1 | 0 | 1694 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 281519 | 1292 | SH |  | SOLE |  | 1292 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 616780 | 3339 | SH |  | DFND | 1 | 0 | 3339 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 691961 | 3746 | SH |  | SOLE |  | 3746 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 438622 | 4171 | SH |  | DFND | 1 | 0 | 4171 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 265100 | 2521 | SH |  | SOLE |  | 2521 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 508413 | 12666 | SH |  | DFND | 1 | 0 | 12666 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 754944 | 12366 | SH |  | DFND | 1 | 0 | 12366 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 48779 | 799 | SH |  | SOLE |  | 799 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 588440 | 9955 | SH |  | DFND | 1 | 0 | 9955 | 0 |
| BALL CORP | COM | 058498106 |  | 562727 | 9520 | SH |  | SOLE |  | 9520 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 2339641 | 36443 | SH |  | DFND | 1 | 0 | 36443 | 0 |
| BEST BUY INC | COM | 086516101 |  | 289927 | 4516 | SH |  | SOLE |  | 4516 | 0 | 0 |
| BLUEROCK PVT REAL ESTATE FD | COM | 09631P102 |  | 863288 | 51974 | SH |  | SOLE |  | 51974 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 265536 | 3403 | SH |  | DFND | 1 | 0 | 3403 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 105887 | 1357 | SH |  | SOLE |  | 1357 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1789175 | 29500 | SH |  | DFND | 1 | 0 | 29500 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 686871 | 11325 | SH |  | SOLE |  | 11325 | 0 | 0 |
| BROADCOM INC | COM | 11135f101 |  | 446676 | 1443 | SH |  | SOLE |  | 1443 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 297019 | 4555 | SH |  | SOLE |  | 4555 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 796833 | 2835 | SH |  | DFND | 1 | 0 | 2835 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 532243 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 194241 | 1496 | SH |  | DFND | 1 | 0 | 1496 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 132567 | 1021 | SH |  | SOLE |  | 1021 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 519521 | 1759 | SH |  | DFND | 1 | 0 | 1759 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 301845 | 1022 | SH |  | SOLE |  | 1022 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 620950 | 8004 | SH |  | DFND | 1 | 0 | 8004 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 515674 | 6647 | SH |  | SOLE |  | 6647 | 0 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 149240 | 3250 | SH |  | DFND | 1 | 0 | 3250 | 0 |
| CNA FINL CORP | COM | 126117100 |  | 66171 | 1441 | SH |  | SOLE |  | 1441 | 0 | 0 |
| CVB FINL CORP | COM | 126600105 |  | 396273 | 20437 | SH |  | DFND | 1 | 0 | 20437 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 236620 | 852 | SH |  | SOLE |  | 852 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 2265861 | 101745 | SH |  | DFND | 1 | 0 | 101745 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189t107 |  | 617706 | 14312 | SH |  | DFND | 1 | 0 | 14312 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189t107 |  | 576574 | 13359 | SH |  | SOLE |  | 13359 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 518760 | 2403 | SH |  | DFND | 1 | 0 | 2403 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 20332 | 94 | SH |  | SOLE |  | 94 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 411282 | 1449 | SH |  | SOLE |  | 1449 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 279829 | 2549 | SH |  | DFND | 1 | 0 | 2549 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 1118444 | 7108 | SH |  | DFND | 1 | 0 | 7108 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 192596 | 1224 | SH |  | SOLE |  | 1224 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1100304 | 14181 | SH |  | DFND | 1 | 0 | 14181 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 659753 | 8503 | SH |  | SOLE |  | 8503 | 0 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539c105 |  | 325111 | 8300 | SH |  | DFND | 1 | 0 | 8300 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539c105 |  | 296909 | 7580 | SH |  | SOLE |  | 7580 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539c204 |  | 745646 | 18978 | SH |  | DFND | 1 | 0 | 18978 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 988879 | 36051 | SH |  | DFND | 1 | 0 | 36051 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 975537 | 33979 | SH |  | DFND | 1 | 0 | 33979 | 0 |
| ELEVATION SERIES TRUST | SRH US QLTY GARP | 210322103 |  | 418106 | 10417 | SH |  | SOLE |  | 10417 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160k105 |  | 545047 | 547 | SH |  | DFND | 1 | 0 | 547 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160k105 |  | 317134 | 318 | SH |  | SOLE |  | 318 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 349713 | 650 | SH |  | DFND | 1 | 0 | 650 | 0 |
| CUMMINS INC | COM | 231021106 |  | 21402 | 40 | SH |  | SOLE |  | 40 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 832778 | 4248 | SH |  | DFND | 1 | 0 | 4248 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 584395 | 2981 | SH |  | SOLE |  | 2981 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 621396 | 3786 | SH |  | DFND | 1 | 0 | 3786 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 628188 | 3827 | SH |  | SOLE |  | 3827 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 508617 | 8099 | SH |  | DFND | 1 | 0 | 8099 | 0 |
| DEXCOM INC | COM | 252131107 |  | 44651 | 711 | SH |  | SOLE |  | 711 | 0 | 0 |
| DOLLAR GEN CORP | COM | 256677105 |  | 251708 | 2120 | SH |  | DFND | 1 | 0 | 2120 | 0 |
| EQT CORP | COM | 26884L109 |  | 622781 | 9786 | SH |  | DFND | 1 | 0 | 9786 | 0 |
| EQT CORP | COM | 26884L109 |  | 512557 | 8054 | SH |  | SOLE |  | 8054 | 0 | 0 |
| ETF SER SOLUTIONS | US GBL GLD PRE | 26922A719 |  | 2294233 | 51718 | SH |  | SOLE |  | 51718 | 0 | 0 |
| ETFIS SER TR I | VIRTUS BIOTECH E | 26923G202 |  | 1320215 | 15894 | SH |  | SOLE |  | 15894 | 0 | 0 |
| ETFIS SER TR I | VIRTUS REAVES UT | 26923G806 |  | 385038 | 4819 | SH |  | SOLE |  | 4819 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1104579 | 14473 | SH |  | DFND | 1 | 0 | 14473 | 0 |
| EBAY INC. | COM | 278642103 |  | 563596 | 6192 | SH |  | DFND | 1 | 0 | 6192 | 0 |
| EBAY INC. | COM | 278642103 |  | 516285 | 5672 | SH |  | SOLE |  | 5672 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 3275903 | 44765 | SH |  | DFND | 1 | 0 | 44765 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 646760 | 876 | SH |  | DFND | 1 | 0 | 876 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 571112 | 774 | SH |  | SOLE |  | 774 | 0 | 0 |
| ENERGIZER HLDGS INC | COM | 29272w109 |  | 385115 | 23454 | SH |  | DFND | 1 | 0 | 23454 | 0 |
| TCW ETF TRUST | SENIOR LOAN ETF | 29287L809 |  | 494381 | 10918 | SH |  | DFND | 1 | 0 | 10918 | 0 |
| TCW ETF TRUST | SENIOR LOAN ETF | 29287L809 |  | 294781 | 6510 | SH |  | SOLE |  | 6510 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 614242 | 3411 | SH |  | SOLE |  | 3411 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 717904 | 10362 | SH |  | SOLE |  | 10362 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 351645 | 1523 | SH |  | DFND | 1 | 0 | 1523 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 442914 | 1918 | SH |  | SOLE |  | 1918 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 288252 | 1699 | SH |  | DFND | 1 | 0 | 1699 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 151997 | 896 | SH |  | SOLE |  | 896 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1289919 | 2255 | SH |  | SOLE |  | 2255 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 946978 | 32587 | SH |  | DFND | 1 | 0 | 32587 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 474288 | 16321 | SH |  | SOLE |  | 16321 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 623671 | 1751 | SH |  | DFND | 1 | 0 | 1751 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 563552 | 1582 | SH |  | SOLE |  | 1582 | 0 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 637561 | 30159 | SH |  | DFND | 1 | 0 | 30159 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 445251 | 21062 | SH |  | SOLE |  | 21062 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NY ARCA BIOTECH | 33733E203 |  | 533679 | 2658 | SH |  | SOLE |  | 2658 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738d309 |  | 249491 | 5569 | SH |  | DFND | 1 | 0 | 5569 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738d309 |  | 157987 | 3526 | SH |  | SOLE |  | 3526 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 610504 | 12051 | SH |  | DFND | 1 | 0 | 12051 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 576764 | 11385 | SH |  | SOLE |  | 11385 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 621503 | 76258 | SH |  | DFND | 1 | 0 | 76258 | 0 |
| FORD MTR CO | COM | 345370860 |  | 733829 | 63590 | SH |  | DFND | 1 | 0 | 63590 | 0 |
| FORTINET INC | COM | 34959E109 |  | 220166 | 2694 | SH |  | SOLE |  | 2694 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 458572 | 8636 | SH |  | DFND | 1 | 0 | 8636 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 176650 | 3327 | SH |  | SOLE |  | 3327 | 0 | 0 |
| FRANKLIN TEMPLETON HOLDINGS | RESPBLY SRCD GLD | 35473M105 |  | 7740727 | 124509 | SH |  | SOLE |  | 124509 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN HDG | 35473P637 |  | 292544 | 7299 | SH |  | SOLE |  | 7299 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 705303 | 808 | SH |  | DFND | 1 | 0 | 808 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 351150 | 402 | SH |  | SOLE |  | 402 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1139147 | 3319 | SH |  | DFND | 1 | 0 | 3319 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 547522 | 1595 | SH |  | SOLE |  | 1595 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 2289291 | 61507 | SH |  | DFND | 1 | 0 | 61507 | 0 |
| GLOBAL X FDS | ADAPTIVE US RISK | 37954Y194 |  | 4303706 | 118739 | SH |  | SOLE |  | 118739 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 375759 | 2700 | SH |  | DFND | 1 | 0 | 2700 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 166726 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 296103 | 4746 | SH |  | DFND | 1 | 0 | 4746 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 140814 | 2257 | SH |  | SOLE |  | 2257 | 0 | 0 |
| HP INC | COM | 40434l105 |  | 3150939 | 164026 | SH |  | DFND | 1 | 0 | 164026 | 0 |
| HP INC | COM | 40434l105 |  | 387350 | 20164 | SH |  | SOLE |  | 20164 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 159309 | 919 | SH |  | DFND | 1 | 0 | 919 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 161876 | 934 | SH |  | SOLE |  | 934 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1131605 | 8368 | SH |  | DFND | 1 | 0 | 8368 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1585602 | 11725 | SH |  | SOLE |  | 11725 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 449666 | 2163 | SH |  | DFND | 1 | 0 | 2163 | 0 |
| HERSHEY CO | COM | 427866108 |  | 395467 | 1902 | SH |  | SOLE |  | 1902 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 1121400 | 28850 | SH |  | DFND | 1 | 0 | 28850 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 530519 | 2302 | SH |  | DFND | 1 | 0 | 2302 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 182294 | 791 | SH |  | SOLE |  | 791 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 747678 | 3063 | SH |  | DFND | 1 | 0 | 3063 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 456760 | 1871 | SH |  | SOLE |  | 1871 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 629938 | 2420 | SH |  | SOLE |  | 2420 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 923487 | 13769 | SH |  | DFND | 1 | 0 | 13769 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 1011620 | 15083 | SH |  | SOLE |  | 15083 | 0 | 0 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 303376 | 6053 | SH |  | DFND | 1 | 0 | 6053 | 0 |
| INVESCO ACTIVELY MANAGED EXC | ULTRA SHRT DUR | 46090A887 |  | 179029 | 3572 | SH |  | SOLE |  | 3572 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2890800 | 5008 | SH |  | SOLE |  | 5008 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 735418 | 1701 | SH |  | SOLE |  | 1701 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S SMLCP HELT | 46138E149 |  | 444503 | 10803 | SH |  | SOLE |  | 10803 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 210563 | 10317 | SH |  | SOLE |  | 10317 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | INVESCO PHLX SM | 46138G615 |  | 591346 | 9905 | SH |  | SOLE |  | 9905 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 2881394 | 12126 | SH |  | SOLE |  | 12126 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S SMALLCAP 600 | 46138G664 |  | 219235 | 4343 | SH |  | SOLE |  | 4343 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SHORT TERM TREAS | 46138G888 |  | 392857 | 3722 | SH |  | SOLE |  | 3722 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | RUSL 1000 DYNM | 46138J619 |  | 276071 | 4592 | SH |  | SOLE |  | 4592 | 0 | 0 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 932892 | 8503 | SH |  | SOLE |  | 8503 | 0 | 0 |
| ISHARES TR | US BR DEL SE ETF | 464288794 |  | 689039 | 4197 | SH |  | SOLE |  | 4197 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 244313 | 4806 | SH |  | DFND | 1 | 0 | 4806 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 211165 | 4154 | SH |  | SOLE |  | 4154 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434v407 |  | 206261 | 4875 | SH |  | SOLE |  | 4875 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 569108 | 1935 | SH |  | SOLE |  | 1935 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 334726 | 1260 | SH |  | SOLE |  | 1260 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 787812 | 2790 | SH |  | DFND | 1 | 0 | 2790 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 417992 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 266450 | 2762 | SH |  | DFND | 1 | 0 | 2762 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 121745 | 1262 | SH |  | SOLE |  | 1262 | 0 | 0 |
| KRANESHARES TRUST | GLOBAL CARB STRA | 500767678 |  | 1545399 | 52051 | SH |  | SOLE |  | 52051 | 0 | 0 |
| LCI INDS | COM | 50189k103 |  | 542342 | 4410 | SH |  | DFND | 1 | 0 | 4410 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 604019 | 2425 | SH |  | DFND | 1 | 0 | 2425 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 416522 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1005771 | 1664 | SH |  | SOLE |  | 1664 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 318442 | 591 | SH |  | SOLE |  | 591 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | COM | 57164Y107 |  | 814781 | 12512 | SH |  | DFND | 1 | 0 | 12512 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1050587 | 6057 | SH |  | DFND | 1 | 0 | 6057 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 1462373 | 8431 | SH |  | SOLE |  | 8431 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 614082 | 1229 | SH |  | DFND | 1 | 0 | 1229 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 679218 | 1359 | SH |  | SOLE |  | 1359 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 312778 | 6201 | SH |  | DFND | 1 | 0 | 6201 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 151724 | 3008 | SH |  | SOLE |  | 3008 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 331511 | 383 | SH |  | SOLE |  | 383 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 277646 | 161 | SH |  | SOLE |  | 161 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 289297 | 2405 | SH |  | DFND | 1 | 0 | 2405 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 138153 | 1148 | SH |  | SOLE |  | 1148 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 347219 | 938 | SH |  | DFND | 1 | 0 | 938 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1490752 | 4027 | SH |  | SOLE |  | 4027 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 280579 | 6516 | SH |  | DFND | 1 | 0 | 6516 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 320723 | 293 | SH |  | SOLE |  | 293 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHOR | 61774R825 |  | 446795 | 8771 | SH |  | DFND | 1 | 0 | 8771 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHOR | 61774R825 |  | 300546 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 503405 | 1160 | SH |  | DFND | 1 | 0 | 1160 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 288226 | 664 | SH |  | SOLE |  | 664 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 641490 | 5790 | SH |  | SOLE |  | 5790 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 612243 | 6516 | SH |  | DFND | 1 | 0 | 6516 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 288363 | 3069 | SH |  | SOLE |  | 3069 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 792853 | 8246 | SH |  | DFND | 1 | 0 | 8246 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 519243 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 587256 | 5425 | SH |  | DFND | 1 | 0 | 5425 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 337307 | 3116 | SH |  | SOLE |  | 3116 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 630562 | 6789 | SH |  | DFND | 1 | 0 | 6789 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 511583 | 5508 | SH |  | SOLE |  | 5508 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 275574 | 5906 | SH |  | DFND | 1 | 0 | 5906 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 125702 | 2694 | SH |  | SOLE |  | 2694 | 0 | 0 |
| NORTHERN LTS FD TR IV | MONARCH VOL FACT | 66537J812 |  | 1138112 | 35345 | SH |  | SOLE |  | 35345 | 0 | 0 |
| NORTHERN LTS FD TR IV | MONARCH VOL FACT | 66537J820 |  | 1590832 | 54276 | SH |  | SOLE |  | 54276 | 0 | 0 |
| NORTHERN LTS FD TR IV | MONARCH SEL SUBS | 66537J838 |  | 299755 | 10026 | SH |  | SOLE |  | 10026 | 0 | 0 |
| NORTHERN LTS FD TR IV | MONARCH PROCAP I | 66538H245 |  | 553260 | 17710 | SH |  | SOLE |  | 17710 | 0 | 0 |
| NORTHERN LTS FD TR IV | MONARCH BLUE CH | 66538H252 |  | 299546 | 8685 | SH |  | SOLE |  | 8685 | 0 | 0 |
| NORTHERN LTS FD TR III | HCM DEFND 100 | 66538R748 |  | 1587126 | 22728 | SH |  | SOLE |  | 22728 | 0 | 0 |
| NORTHWEST BANCSHARES INC | COM | 667340103 |  | 280233 | 22083 | SH |  | DFND | 1 | 0 | 22083 | 0 |
| NORTHWEST NAT HLDG CO | COM | 66765N105 |  | 261896 | 4921 | SH |  | DFND | 1 | 0 | 4921 | 0 |
| NUCOR CORP | COM | 670346105 |  | 212897 | 1259 | SH |  | DFND | 1 | 0 | 1259 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2185333 | 12531 | SH |  | SOLE |  | 12531 | 0 | 0 |
| NUSHARES ETF TR | NUVEEN INTERNATI | 67092P672 |  | 446592 | 18015 | SH |  | SOLE |  | 18015 | 0 | 0 |
| OCEANFIRST FINL CORP | COM | 675234108 |  | 219402 | 12162 | SH |  | DFND | 1 | 0 | 12162 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 757016 | 10052 | SH |  | DFND | 1 | 0 | 10052 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 68984 | 916 | SH |  | SOLE |  | 916 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 3746394 | 41447 | SH |  | DFND | 1 | 0 | 41447 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 296660 | 3282 | SH |  | SOLE |  | 3282 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 1107510 | 20705 | SH |  | DFND | 1 | 0 | 20705 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 61620 | 1152 | SH |  | SOLE |  | 1152 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 602913 | 4098 | SH |  | SOLE |  | 4098 | 0 | 0 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 1421089 | 27089 | SH |  | SOLE |  | 27089 | 0 | 0 |
| PACER FDS TR | TRENDP US MID CP | 69374H204 |  | 1965564 | 53748 | SH |  | SOLE |  | 53748 | 0 | 0 |
| PACER FDS TR | US LRG CP CASH | 69374H360 |  | 1505375 | 44618 | SH |  | SOLE |  | 44618 | 0 | 0 |
| PACER FDS TR | TRENDPILOT US BD | 69374H642 |  | 3205559 | 168891 | SH |  | SOLE |  | 168891 | 0 | 0 |
| PACER FDS TR | US CHS CWS GWT | 69374H667 |  | 2045198 | 37832 | SH |  | SOLE |  | 37832 | 0 | 0 |
| PACER FDS TR | LUNT LRG CP ALTR | 69374H717 |  | 1505133 | 34300 | SH |  | SOLE |  | 34300 | 0 | 0 |
| PACER FDS TR | LUNT LRGCP MULTI | 69374H816 |  | 686767 | 13256 | SH |  | SOLE |  | 13256 | 0 | 0 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 608976 | 13572 | SH |  | SOLE |  | 13572 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 319841 | 3472 | SH |  | DFND | 1 | 0 | 3472 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 429740 | 4665 | SH |  | SOLE |  | 4665 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 1324526 | 62126 | SH |  | DFND | 1 | 0 | 62126 | 0 |
| PFIZER INC | COM | 717081103 |  | 3086582 | 109921 | SH |  | DFND | 1 | 0 | 109921 | 0 |
| PFIZER INC | COM | 717081103 |  | 131808 | 4694 | SH |  | SOLE |  | 4694 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 260741 | 1577 | SH |  | DFND | 1 | 0 | 1577 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 393056 | 2377 | SH |  | SOLE |  | 2377 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 291488 | 1600 | SH |  | DFND | 1 | 0 | 1600 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 242846 | 1333 | SH |  | SOLE |  | 1333 | 0 | 0 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201r783 |  | 206946 | 2219 | SH |  | SOLE |  | 2219 | 0 | 0 |
| PIPER SANDLER COMPANIES | COM NEW | 724078209 |  | 647307 | 8456 | SH |  | DFND | 1 | 0 | 8456 | 0 |
| PIPER SANDLER COMPANIES | COM NEW | 724078209 |  | 585531 | 7649 | SH |  | SOLE |  | 7649 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1156406 | 12829 | SH |  | DFND | 1 | 0 | 12829 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 63098 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 1104366 | 4409 | SH |  | DFND | 1 | 0 | 4409 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 1548958 | 6184 | SH |  | SOLE |  | 6184 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 614346 | 3099 | SH |  | DFND | 1 | 0 | 3099 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 493068 | 2487 | SH |  | SOLE |  | 2487 | 0 | 0 |
| PROSHARES TR | RUSS 2000 DIVD | 74347B698 |  | 291737 | 4241 | SH |  | SOLE |  | 4241 | 0 | 0 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 |  | 300091 | 14182 | SH |  | DFND | 1 | 0 | 14182 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 824308 | 8438 | SH |  | DFND | 1 | 0 | 8438 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 621061 | 3169 | SH |  | DFND | 1 | 0 | 3169 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 565990 | 2888 | SH |  | SOLE |  | 2888 | 0 | 0 |
| QUICKLOGIC CORP | COM NEW | 74837P405 |  | 830899 | 88582 | SH |  | DFND | 1 | 0 | 88582 | 0 |
| QUICKLOGIC CORP | COM NEW | 74837P405 |  | 462481 | 49305 | SH |  | SOLE |  | 49305 | 0 | 0 |
| RBB FD INC | US TREASY 2 YR | 74933W486 |  | 295657 | 6124 | SH |  | SOLE |  | 6124 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 348806 | 1014 | SH |  | DFND | 1 | 0 | 1014 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 287651 | 836 | SH |  | SOLE |  | 836 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 524495 | 2719 | SH |  | DFND | 1 | 0 | 2719 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 181712 | 942 | SH |  | SOLE |  | 942 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 201698 | 261 | SH |  | SOLE |  | 261 | 0 | 0 |
| REINSURANCE GROUP AMER INC | COM NEW | 759351604 |  | 313181 | 1534 | SH |  | DFND | 1 | 0 | 1534 | 0 |
| REINSURANCE GROUP AMER INC | COM NEW | 759351604 |  | 169453 | 830 | SH |  | SOLE |  | 830 | 0 | 0 |
| UPBOUND GROUP INC | COM | 76009N100 |  | 279486 | 15484 | SH |  | DFND | 1 | 0 | 15484 | 0 |
| RESMED INC | COM | 761152107 |  | 412819 | 1839 | SH |  | DFND | 1 | 0 | 1839 | 0 |
| RESMED INC | COM | 761152107 |  | 112759 | 502 | SH |  | SOLE |  | 502 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 771209 | 20737 | SH |  | DFND | 1 | 0 | 20737 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 465730 | 12523 | SH |  | SOLE |  | 12523 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 1079119 | 42485 | SH |  | DFND | 1 | 0 | 42485 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 348114 | 970 | SH |  | DFND | 1 | 0 | 970 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 234959 | 655 | SH |  | SOLE |  | 655 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 664549 | 1878 | SH |  | DFND | 1 | 0 | 1878 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 776401 | 2194 | SH |  | SOLE |  | 2194 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 572553 | 2643 | SH |  | DFND | 1 | 0 | 2643 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 388370 | 1793 | SH |  | SOLE |  | 1793 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462f103 |  | 248781 | 383 | SH |  | SOLE |  | 383 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 1367598 | 5385 | SH |  | SOLE |  | 5385 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A805 |  | 4357313 | 55114 | SH |  | SOLE |  | 55114 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 250724 | 3276 | SH |  | SOLE |  | 3276 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R101 |  | 513305 | 17591 | SH |  | SOLE |  | 17591 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R200 |  | 435691 | 14155 | SH |  | DFND | 1 | 0 | 14155 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R200 |  | 448616 | 14575 | SH |  | SOLE |  | 14575 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468r408 |  | 200290 | 8018 | SH |  | SOLE |  | 8018 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 496414 | 5417 | SH |  | SOLE |  | 5417 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 481342 | 9962 | SH |  | SOLE |  | 9962 | 0 | 0 |
| SPDR SERIES TRUST | STATE STRET SPDR | 78468R861 |  | 331546 | 17277 | SH |  | SOLE |  | 17277 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 251621 | 4896 | SH |  | SOLE |  | 4896 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 289364 | 3079 | SH |  | SOLE |  | 3079 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 4379222 | 174471 | SH |  | SOLE |  | 174471 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 250503 | 9770 | SH |  | SOLE |  | 9770 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 498865 | 17155 | SH |  | SOLE |  | 17155 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 662078 | 10433 | SH |  | DFND | 1 | 0 | 10433 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 448281 | 7064 | SH |  | SOLE |  | 7064 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 1125612 | 48770 | SH |  | DFND | 1 | 0 | 48770 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 897016 | 16751 | SH |  | DFND | 1 | 0 | 16751 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 636315 | 11764 | SH |  | DFND | 1 | 0 | 11764 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 302742 | 5597 | SH |  | SOLE |  | 5597 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 101042 | 1679 | SH |  | DFND | 1 | 0 | 1679 | 0 |
| BLOCK INC | CL A | 852234103 |  | 143289 | 2381 | SH |  | SOLE |  | 2381 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 356294 | 4820 | SH |  | DFND | 1 | 0 | 4820 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 702 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 356192 | 1084 | SH |  | DFND | 1 | 0 | 1084 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 178944 | 545 | SH |  | SOLE |  | 545 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 652402 | 3867 | SH |  | DFND | 1 | 0 | 3867 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 522242 | 3096 | SH |  | SOLE |  | 3096 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 556874 | 3487 | SH |  | DFND | 1 | 0 | 3487 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 583704 | 3655 | SH |  | SOLE |  | 3655 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 305064 | 1513 | SH |  | SOLE |  | 1513 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 531561 | 3767 | SH |  | DFND | 1 | 0 | 3767 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 361418 | 2561 | SH |  | SOLE |  | 2561 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 947905 | 7821 | SH |  | DFND | 1 | 0 | 7821 | 0 |
| TARGET CORP | COM | 87612E106 |  | 130411 | 1076 | SH |  | SOLE |  | 1076 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1783493 | 4798 | SH |  | SOLE |  | 4798 | 0 | 0 |
| THOR INDS INC | COM | 885160101 |  | 482696 | 6042 | SH |  | SOLE |  | 6042 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 305693 | 2240 | SH |  | DFND | 1 | 0 | 2240 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 682 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 615209 | 6584 | SH |  | DFND | 1 | 0 | 6584 | 0 |
| TORO CO | COM | 891092108 |  | 574563 | 6149 | SH |  | SOLE |  | 6149 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 1677832 | 14260 | SH |  | DFND | 1 | 0 | 14260 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 1604035 | 13633 | SH |  | SOLE |  | 13633 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 753218 | 16385 | SH |  | DFND | 1 | 0 | 16385 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 653328 | 10197 | SH |  | SOLE |  | 10197 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 789586 | 21680 | SH |  | DFND | 1 | 0 | 21680 | 0 |
| USCF ETF TR | SUMMERHAVEN K1 | 90290T809 |  | 2951754 | 108361 | SH |  | SOLE |  | 108361 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 538374 | 2219 | SH |  | DFND | 1 | 0 | 2219 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 94864 | 391 | SH |  | SOLE |  | 391 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 2394766 | 24342 | SH |  | DFND | 1 | 0 | 24342 | 0 |
| VANECK ETF TRUST | VIDEO GMNG ESPRT | 92189F114 |  | 543571 | 6006 | SH |  | SOLE |  | 6006 | 0 | 0 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 341084 | 2561 | SH |  | SOLE |  | 2561 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 2410800 | 6288 | SH |  | SOLE |  | 6288 | 0 | 0 |
| VANECK ETF TRUST | RETAIL ETF | 92189F684 |  | 419240 | 1671 | SH |  | SOLE |  | 1671 | 0 | 0 |
| VANECK ETF TRUST | FABLESS SEMICOND | 92189H664 |  | 3659473 | 98329 | SH |  | SOLE |  | 98329 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 567532 | 7238 | SH |  | SOLE |  | 7238 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206c730 |  | 249878 | 847 | SH |  | SOLE |  | 847 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343v104 |  | 3611689 | 71946 | SH |  | DFND | 1 | 0 | 71946 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343v104 |  | 67017 | 1335 | SH |  | SOLE |  | 1335 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345y106 |  | 565076 | 2978 | SH |  | DFND | 1 | 0 | 2978 | 0 |
| VERISK ANALYTICS INC | COM | 92345y106 |  | 915475 | 4825 | SH |  | SOLE |  | 4825 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 681076 | 2718 | SH |  | DFND | 1 | 0 | 2718 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 355257 | 1418 | SH |  | SOLE |  | 1418 | 0 | 0 |
| VICTORY PORTFOLIOS II | VICTORYSHARES FR | 92647X764 |  | 886840 | 33726 | SH |  | SOLE |  | 33726 | 0 | 0 |
| VICTORY PORTFOLIOS II | VICTORYSHARES SM | 92647X822 |  | 1687677 | 56200 | SH |  | SOLE |  | 56200 | 0 | 0 |
| VICTORY PORTFOLIOS II | SHARES FREE CASH | 92647X830 |  | 2841287 | 71968 | SH |  | SOLE |  | 71968 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 281120 | 6392 | SH |  | DFND | 1 | 0 | 6392 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 116767 | 2655 | SH |  | SOLE |  | 2655 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 234236 | 775 | SH |  | DFND | 1 | 0 | 775 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 208455 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| VIRTUS INVT PARTNERS INC | COM | 92828Q109 |  | 351728 | 2618 | SH |  | DFND | 1 | 0 | 2618 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 352941 | 5166 | SH |  | DFND | 1 | 0 | 5166 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 683 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 610224 | 5271 | SH |  | DFND | 1 | 0 | 5271 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 574567 | 4963 | SH |  | SOLE |  | 4963 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 541488 | 4357 | SH |  | DFND | 1 | 0 | 4357 | 0 |
| WALMART INC | COM | 931142103 |  | 243934 | 1963 | SH |  | SOLE |  | 1963 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 341342 | 13365 | SH |  | DFND | 1 | 0 | 13365 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 690 | 27 | SH |  | SOLE |  | 27 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 227366 | 2856 | SH |  | SOLE |  | 2856 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1463811 | 167676 | SH |  | DFND | 1 | 0 | 167676 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 564716 | 3097 | SH |  | SOLE |  | 3097 | 0 | 0 |
| WISDOMTREE TR | INTRST RATE HDGE | 97717W380 |  | 788325 | 34963 | SH |  | DFND | 1 | 0 | 34963 | 0 |
| WISDOMTREE TR | INTRST RATE HDGE | 97717W380 |  | 470158 | 20852 | SH |  | SOLE |  | 20852 | 0 | 0 |
| WISDOMTREE TR | BLMBG US BULL | 97717W471 |  | 361761 | 13740 | SH |  | SOLE |  | 13740 | 0 | 0 |
| WISDOMTREE TR | JAPAN OPPORTUNIT | 97717W521 |  | 509133 | 9366 | SH |  | SOLE |  | 9366 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 265488 | 3342 | SH |  | DFND | 1 | 0 | 3342 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 790460 | 5084 | SH |  | DFND | 1 | 0 | 5084 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 479172 | 3082 | SH |  | SOLE |  | 3082 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 666219 | 13658 | SH |  | SOLE |  | 13658 | 0 | 0 |
| BANK OF N T BUTTERFIELD  SO | SHS NEW | G0772R208 |  | 264814 | 5046 | SH |  | DFND | 1 | 0 | 5046 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 451308 | 2276 | SH |  | DFND | 1 | 0 | 2276 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 297824 | 1502 | SH |  | SOLE |  | 1502 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 478253 | 12839 | SH |  | DFND | 1 | 0 | 12839 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 126538 | 3397 | SH |  | SOLE |  | 3397 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 632505 | 2128 | SH |  | DFND | 1 | 0 | 2128 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 422287 | 1421 | SH |  | SOLE |  | 1421 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 280960 | 5857 | SH |  | DFND | 1 | 0 | 5857 | 0 |
| PENTAIR PLC | SHS | g7s00t104 |  | 345043 | 3961 | SH |  | DFND | 1 | 0 | 3961 | 0 |
| PENTAIR PLC | SHS | g7s00t104 |  | 167643 | 1924 | SH |  | SOLE |  | 1924 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 275749 | 1247 | SH |  | DFND | 1 | 0 | 1247 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 93317 | 422 | SH |  | SOLE |  | 422 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 115588 | 553 | SH |  | DFND | 1 | 0 | 553 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 170978 | 818 | SH |  | SOLE |  | 818 | 0 | 0 |
| CHUBB LTD SWITZ | COM | h1467j104 |  | 274107 | 841 | SH |  | DFND | 1 | 0 | 841 | 0 |
| CHUBB LTD SWITZ | COM | h1467j104 |  | 564247 | 1731 | SH |  | SOLE |  | 1731 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 274056 | 3657 | SH |  | DFND | 1 | 0 | 3657 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 194394 | 2594 | SH |  | SOLE |  | 2594 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 801713 | 8901 | SH |  | DFND | 1 | 0 | 8901 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 465482 | 5168 | SH |  | SOLE |  | 5168 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 238747 | 2101 | SH |  | SOLE |  | 2101 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 613287 | 33568 | SH |  | DFND | 1 | 0 | 33568 | 0 |
| GLOBAL SHIP LEASE INC | COM CL A | Y27183600 |  | 390654 | 10493 | SH |  | DFND | 1 | 0 | 10493 | 0 |

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