# EDGAR Filing Document

**Accession Number:** 0001672142
**File Stem:** 0001172661-25-004756
**Filing Date:** 2025-11
**Character Count:** 29372
**Document Hash:** b88b8f1970c7ee829bd88057e4f45b43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004756.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001172661-25-004756

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.
- **CENTRAL INDEX KEY:** 0001672142

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** U0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17414
- **FILM NUMBER:** 251477295

**BUSINESS ADDRESS:**
- **STREET 1:** ONE TEMASEK AVENUE
- **STREET 2:** #11-01 MILLENIA TOWER
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 039192
- **BUSINESS PHONE:** 65-67051666

**MAIL ADDRESS:**
- **STREET 1:** ONE TEMASEK AVENUE
- **STREET 2:** #11-01 MILLENIA TOWER
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 039192

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.<br>**Address:** One Temasek Avenue

#11-01 Millenia Tower<br>Singapore, U0 039192

**Form 13F File Number:** 028-17414

**CRD Number (if applicable):** 000159386

**SEC File Number (if applicable):** 802-74548

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:** Jason Eng<br>**Title:** General Counsel/Chief Compliance Officer<br>**Phone:** 6567051903

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

/s/ Jason Eng  Singapore, U0  11-13-2025<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:** 259

**Form 13F Information Table Value Total:** $949469306

      (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   |
|:---|:---|:---|
|  | Dymon Asia Capital (HK) Ltd | 028-22497              |

### 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 |
| ABBVIE INC | COM | 00287Y109 |  | 2037552 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| ABIVAX SA | SPONSORED ADS | 00370M103 |  | 849000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 873704 | 3543 | SH |  | DFND | 1 | 3543 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 1239678 | 9900 | SH | Put | SOLE |  | 9900 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 1239678 | 9900 | SH | Call | SOLE |  | 9900 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 2839060 | 72425 | SH |  | SOLE |  | 72425 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5820845 | 23900 | SH |  | SOLE |  | 23900 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1542226 | 6344 | SH |  | DFND | 1 | 6344 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4391400 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1738336 | 7917 | SH |  | DFND | 1 | 7917 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2195700 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1998315 | 16148 | SH |  | DFND | 1 | 16148 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 2384400 | 40000 | SH | Put | SOLE |  | 40000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 2384400 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1145835 | 4500 | SH | Call | DFND | 1 | 4500 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5729175 | 22500 | SH | Put | DFND | 1 | 22500 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2047400 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2047400 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 10778100 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 1792039 | 2494 | SH |  | SOLE |  | 2494 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 1661094 | 11400 | SH |  | SOLE |  | 11400 | 0 | 0 |
| ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 |  | 537417 | 11734 | SH |  | DFND | 1 | 11734 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1534400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 3448816 | 42400 | SH |  | DFND | 1 | 42400 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 966063 | 25700 | SH |  | DFND | 1 | 25700 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 226732 | 1412 | SH |  | SOLE |  | 1412 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 1364888 | 8500 | SH | Put | SOLE |  | 8500 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1023120 | 21000 | SH | Call | SOLE |  | 21000 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1023120 | 21000 | SH | Put | SOLE |  | 21000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2631090 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3353350 | 65000 | SH | Call | DFND | 1 | 65000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3353350 | 65000 | SH | Put | DFND | 1 | 65000 | 0 | 0 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 |  | 331600 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 5975305 | 212720 | SH |  | SOLE |  | 212720 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 986200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1668900 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1668900 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 130809 | 11946 | SH |  | DFND | 1 | 11946 | 0 | 0 |
| BLACKROCK ESG CAP ALLC TERM | SHS BEN INT | 09262F100 |  | 685094 | 41774 | SH |  | DFND | 1 | 41774 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1708500 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1708500 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 1544840 | 18267 | SH |  | DFND | 1 | 18267 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 1216487 | 22918 | SH |  | SOLE |  | 22918 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 8247750 | 25000 | SH | Put | DFND | 1 | 25000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 3139094 | 9515 | SH |  | DFND | 1 | 9515 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 276555 | 1500 | SH |  | DFND | 1 | 1500 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2125800 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 239365 | 1126 | SH |  | DFND | 1 | 1126 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2125800 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 3043714 | 12396 | SH |  | DFND | 1 | 12396 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2385750 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2385750 | 5000 | SH | Call | DFND | 1 | 5000 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 1010158 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1552900 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 3641750 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 3641750 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3421000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3421000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3348993 | 32995 | SH |  | SOLE |  | 32995 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 1307177 | 28856 | SH |  | DFND | 1 | 28856 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 4620788 | 68895 | SH |  | DFND | 1 | 68895 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 2531420 | 23500 | SH |  | DFND | 1 | 23500 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 2054302 | 6087 | SH |  | SOLE |  | 6087 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 430975 | 1277 | SH |  | DFND | 1 | 1277 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 13499600 | 40000 | SH | Put | SOLE |  | 40000 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1418850 | 15000 | SH | Call | DFND | 1 | 15000 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 7963494 | 24200 | SH | Put | SOLE |  | 24200 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 986223 | 2997 | SH |  | SOLE |  | 2997 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1025971 | 6054 | SH |  | DFND | 1 | 6054 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 1586080 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 719727 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 206700 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 542300 | 14500 | SH |  | DFND | 1 | 14500 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 257472 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 344684 | 921 | SH |  | DFND | 1 | 921 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 4041900 | 10800 | SH | Call | SOLE |  | 10800 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 4041900 | 10800 | SH | Put | SOLE |  | 10800 | 0 | 0 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 111555 | 11755 | SH |  | DFND | 1 | 11755 | 0 | 0 |
| EATON VANCE NEW YORK MUN BD | COM | 27827Y109 |  | 107977 | 10951 | SH |  | DFND | 1 | 10951 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 3039846 | 11100 | SH | Call | SOLE |  | 11100 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 3039846 | 11100 | SH | Put | SOLE |  | 11100 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 1394813 | 2736 | SH |  | DFND | 1 | 2736 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 381500 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 3528742 | 26900 | SH | Call | SOLE |  | 26900 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 3528742 | 26900 | SH | Put | SOLE |  | 26900 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 303172 | 2704 | SH |  | DFND | 1 | 2704 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1166048 | 10400 | SH | Call | DFND | 1 | 10400 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1166048 | 10400 | SH | Put | DFND | 1 | 10400 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2818750 | 25000 | SH | Call | DFND | 1 | 25000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2818750 | 25000 | SH | Put | DFND | 1 | 25000 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 524420 | 2378 | SH |  | DFND | 1 | 2378 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 243188 | 1572 | SH |  | SOLE |  | 1572 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 417690 | 2700 | SH | Put | SOLE |  | 2700 | 0 | 0 |
| FLAGSTAR FINANCIAL INC | COM NEW | 649445400 |  | 999191 | 86510 | SH |  | DFND | 1 | 86510 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 266686 | 7930 | SH |  | SOLE |  | 7930 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 309396 | 9200 | SH | Call | SOLE |  | 9200 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 309396 | 9200 | SH | Put | SOLE |  | 9200 | 0 | 0 |
| FREEDOM HLDG CORP NEV | COM | 356390104 |  | 1145697 | 6656 | SH |  | DFND | 1 | 6656 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 238340 | 6077 | SH |  | DFND | 1 | 6077 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1568800 | 40000 | SH | Call | DFND | 1 | 40000 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1568800 | 40000 | SH | Put | DFND | 1 | 40000 | 0 | 0 |
| FRONTLINE PLC | COM | M46528101 |  | 501380 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 690004 | 53200 | SH |  | DFND | 1 | 53200 | 0 | 0 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 323742 | 11933 | SH |  | DFND | 1 | 11933 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 1378610 | 35623 | SH |  | SOLE |  | 35623 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 1087470 | 28100 | SH |  | DFND | 1 | 28100 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 351108 | 571 | SH |  | DFND | 1 | 571 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 6149000 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1839781 | 2992 | SH |  | SOLE |  | 2992 | 0 | 0 |
| GENERAL AMERN INVS CO INC | COM | 368802104 |  | 246352 | 3960 | SH |  | DFND | 1 | 3960 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 511500 | 1500 | SH | Call | SOLE |  | 1500 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 511500 | 1500 | SH | Put | SOLE |  | 1500 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 609700 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1280370 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 609700 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2775000 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2775000 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 1726400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| HILLTOP HOLDINGS INC | COM | 432748101 |  | 1028801 | 30784 | SH |  | DFND | 1 | 30784 | 0 | 0 |
| IMMUNOVANT INC | COM | 45258J102 |  | 288629 | 17905 | SH |  | DFND | 1 | 17905 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 30018500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 3001850 | 5000 | SH | Call | DFND | 1 | 5000 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 3153004 | 16600 | SH |  | SOLE |  | 16600 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 25633850 | 605000 | SH | Call | DFND | 1 | 605000 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1381262 | 32600 | SH | Put | DFND | 1 | 32600 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 9678400 | 40000 | SH | Put | DFND | 1 | 40000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2670000 | 50000 | SH | Call | DFND | 1 | 50000 | 0 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 49830055 | 523700 | SH |  | DFND | 1 | 523700 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 12584450 | 155000 | SH | Put | DFND | 1 | 155000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 22342500 | 250000 | SH | Put | DFND | 1 | 250000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1340550 | 15000 | SH | Call | DFND | 1 | 15000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 2131564 | 23851 | SH |  | DFND | 1 | 23851 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 409180 | 3285 | SH |  | DFND | 1 | 3285 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2225040 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 533367 | 4851 | SH |  | DFND | 1 | 4851 | 0 | 0 |
| JOYY INC | ADS REPSTG COM A | 46591M109 |  | 4421714 | 75443 | SH |  | SOLE |  | 75443 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 1445984 | 61900 | SH |  | DFND | 1 | 61900 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 1146650 | 60350 | SH |  | SOLE |  | 60350 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1997119 | 14915 | SH |  | DFND | 1 | 14915 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 1912204 | 21700 | SH | Call | SOLE |  | 21700 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 1921016 | 21800 | SH | Put | SOLE |  | 21800 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1832912 | 9700 | SH | Call | SOLE |  | 9700 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1832912 | 9700 | SH | Put | SOLE |  | 9700 | 0 | 0 |
| LEXINFINTECH HLDGS LTD | ADR | 528877103 |  | 914639 | 171602 | SH |  | SOLE |  | 171602 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 4695502 | 185300 | SH |  | SOLE |  | 185300 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 302100 | 636 | SH |  | DFND | 1 | 636 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2186397 | 8700 | SH | Put | DFND | 1 | 8700 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2186397 | 8700 | SH | Call | DFND | 1 | 8700 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 410892 | 1635 | SH |  | DFND | 1 | 1635 | 0 | 0 |
| LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 |  | 1369438 | 337300 | SH |  | SOLE |  | 337300 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 6508400 | 40000 | SH | Put | SOLE |  | 40000 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 1083486 | 6659 | SH |  | SOLE |  | 6659 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 1383035 | 8500 | SH |  | DFND | 1 | 8500 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 795600 | 8500 | SH |  | DFND | 1 | 8500 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1360166 | 7057 | SH |  | DFND | 1 | 7057 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 338581 | 1591 | SH |  | DFND | 1 | 1591 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 23867350 | 32500 | SH | Put | DFND | 1 | 32500 | 0 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 2552592 | 64200 | SH |  | DFND | 1 | 64200 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1926600 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1157180 | 18019 | SH |  | SOLE |  | 18019 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1926600 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 18128250 | 35000 | SH | Put | DFND | 1 | 35000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4661550 | 9000 | SH | Call | DFND | 1 | 9000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1035900 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 397746 | 17100 | SH |  | DFND | 1 | 17100 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3179200 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 3179200 | 20000 | SH | Call | DFND | 1 | 20000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 1067862 | 5066 | SH |  | DFND | 1 | 5066 | 0 | 0 |
| MYR GROUP INC DEL | COM | 55405W104 |  | 335136 | 1611 | SH |  | DFND | 1 | 1611 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 5994600 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 902787 | 753 | SH |  | DFND | 1 | 753 | 0 | 0 |
| NEUBERGER BERMAN NEXT GENERA | COMMON STOCK | 64133Q108 |  | 232530 | 15119 | SH |  | DFND | 1 | 15119 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2715984 | 38950 | SH |  | SOLE |  | 38950 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 785494 | 5800 | SH | Put | SOLE |  | 5800 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 785494 | 5800 | SH | Call | SOLE |  | 5800 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 1219412 | 9004 | SH |  | DFND | 1 | 9004 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 360000 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 168506 | 12982 | SH |  | DFND | 1 | 12982 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3731600 | 20000 | SH | Call | DFND | 1 | 20000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 30785700 | 165000 | SH | Put | DFND | 1 | 165000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 12422496 | 66580 | SH |  | DFND | 1 | 66580 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 1036471 | 129 | SH |  | DFND | 1 | 129 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1201048 | 5274 | SH |  | DFND | 1 | 5274 | 0 | 0 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 152878 | 10414 | SH |  | DFND | 1 | 10414 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 3811331 | 89996 | SH |  | DFND | 1 | 89996 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 823189 | 2927 | SH |  | DFND | 1 | 2927 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 8437200 | 30000 | SH | Put | DFND | 1 | 30000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 589887 | 2897 | SH |  | DFND | 1 | 2897 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 3805835 | 28795 | SH |  | SOLE |  | 28795 | 0 | 0 |
| PENNYMAC FINL SVCS INC NEW | COM | 70932M107 |  | 1118389 | 9028 | SH |  | DFND | 1 | 9028 | 0 | 0 |
| PIMCO DYNAMIC INCOME STRATEG | COM SHS BEN INT | 69346N107 |  | 294274 | 11804 | SH |  | DFND | 1 | 11804 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2049685 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1244880 | 12000 | SH | Call | DFND | 1 | 12000 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1244880 | 12000 | SH | Put | DFND | 1 | 12000 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 1039202 | 7865 | SH |  | DFND | 1 | 7865 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 947053 | 11300 | SH | Put | SOLE |  | 11300 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 947053 | 11300 | SH | Call | SOLE |  | 11300 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 329464 | 795 | SH |  | DFND | 1 | 795 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 2107619 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 991636 | 87062 | SH |  | DFND | 1 | 87062 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1273300 | 8893 | SH |  | SOLE |  | 8893 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 4295400 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 1056559 | 54518 | SH |  | DFND | 1 | 54518 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 702492 | 2171 | SH |  | SOLE |  | 2171 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 5759724 | 17800 | SH | Put | SOLE |  | 17800 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 375645 | 1585 | SH |  | DFND | 1 | 1585 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 561000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 570761 | 5087 | SH |  | DFND | 1 | 5087 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 954700 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 954700 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 1733681 | 9700 | SH |  | DFND | 1 | 9700 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1786800 | 20000 | SH | Call | DFND | 1 | 20000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1786800 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| SEMTECH CORP | COM | 816850101 |  | 2157790 | 30200 | SH |  | DFND | 1 | 30200 | 0 | 0 |
| SIGMA LITHIUM CORPORATION | COM | 826599102 |  | 3730235 | 581940 | SH |  | DFND | 1 | 581940 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1924500 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1924500 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 6766500 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| SO YOUNG INTERNATIONAL INC | SPONSORED ADS | 83356Q108 |  | 889771 | 229915 | SH |  | SOLE |  | 229915 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7998075 | 22500 | SH | Put | DFND | 1 | 22500 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 9775425 | 27500 | SH | Call | DFND | 1 | 27500 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 99927000 | 150000 | SH | Put | DFND | 1 | 150000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 85271040 | 128000 | SH | Call | DFND | 1 | 128000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 3042629 | 9443 | SH |  | SOLE |  | 9443 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 24713507 | 76700 | SH | Put | SOLE |  | 76700 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 1001946 | 20900 | SH |  | DFND | 1 | 20900 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 5585800 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2981421 | 10675 | SH |  | SOLE |  | 10675 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 2796534 | 24700 | SH |  | SOLE |  | 24700 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 234027 | 2609 | SH |  | SOLE |  | 2609 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 4485000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 1224996 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 889440 | 2000 | SH | Call | DFND | 1 | 2000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1689047 | 3798 | SH |  | DFND | 1 | 3798 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 6670800 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 902400 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 1720742 | 29874 | SH |  | DFND | 1 | 29874 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 7266450 | 75300 | SH | Put | SOLE |  | 75300 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 352804 | 3656 | SH |  | SOLE |  | 3656 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 2441450 | 25300 | SH | Call | SOLE |  | 25300 | 0 | 0 |
| UP FINTECH HLDG LTD | SPONSORED ADS | 91531W106 |  | 953898 | 89400 | SH |  | SOLE |  | 89400 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1425735 | 29500 | SH |  | SOLE |  | 29500 | 0 | 0 |
| UWM HOLDINGS CORPORATION | COM CL A | 91823B109 |  | 1038053 | 170452 | SH |  | DFND | 1 | 170452 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 952380 | 66000 | SH |  | SOLE |  | 66000 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 3263600 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| VIRTUS DIVIDEND INTEREST  P | COM | 92840R101 |  | 175960 | 13525 | SH |  | DFND | 1 | 13525 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 6112704 | 31200 | SH | Call | SOLE |  | 31200 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 6112704 | 31200 | SH | Put | SOLE |  | 31200 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3091800 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3091800 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1676400 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1676400 | 20000 | SH | Call | DFND | 1 | 20000 | 0 | 0 |
| WERIDE INC | SPONSORED ADS | 950915108 |  | 1561230 | 157700 | SH |  | SOLE |  | 157700 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 861791 | 7178 | SH |  | DFND | 1 | 7178 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1111286 | 17542 | SH |  | DFND | 1 | 17542 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 961391 | 41050 | SH |  | SOLE |  | 41050 | 0 | 0 |
| YATSEN HLDG LTD | SPONSORED ADS | 985194208 |  | 612710 | 67628 | SH |  | SOLE |  | 67628 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 394864 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| ZEPP HEALTH CORPORATION | SPONSORED ADR | 98945L204 |  | 457800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |

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