# EDGAR Filing Document

**Accession Number:** 0001127799
**File Stem:** 0000899140-26-000261
**Filing Date:** 2026-2
**Character Count:** 33012
**Document Hash:** 0fd149a8501112cf82a590122e7b44ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899140-26-000261.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000899140-26-000261

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zurich Insurance Group Ltd/FI
- **CENTRAL INDEX KEY:** 0001127799

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17038
- **FILM NUMBER:** 26642081

**BUSINESS ADDRESS:**
- **STREET 1:** MYTHENQUAI 2
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8002
- **BUSINESS PHONE:** 1 800 382 2150

**MAIL ADDRESS:**
- **STREET 1:** MYTHENQUAI 2
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZURICH FINANCIAL SERVICES/                              /FI
- **DATE OF NAME CHANGE:** 20001106

### 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:** Zurich Insurance Group Ltd/FI<br>**Address:** MYTHENQUAI 2<br>Zurich, V8 8002

**Form 13F File Number:** 028-17038

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:** Stephan van Vliet<br>**Title:** Group Chief Investment Officer<br>**Phone:** 41-44-625-25-25

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

/s/ Stephan van Vliet  Zurich Switzerland, V8  02-17-2026<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:** 294

**Form 13F Information Table Value Total:** $14413852939

      (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   |
|:---|:---|:---|
|  | Zurich Life Assurance plc | 028-17039              |

### 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 |
| AT INC | COM | 00206R102 |  | 3134808 | 126200 | SH |  | DFND | 1 | 0 | 126200 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2380510 | 19000 | SH |  | DFND | 1 | 0 | 19000 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 86869385 | 380189 | SH |  | DFND | 1 | 0 | 380189 | 0 |
| ADOBE INC | COM | 00724F101 |  | 24536399 | 70106 | SH |  | DFND | 1 | 0 | 70106 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 70815859 | 330668 | SH |  | DFND | 1 | 0 | 330668 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2136299 | 15700 | SH |  | DFND | 1 | 0 | 15700 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 36475379 | 214886 | SH |  | DFND | 1 | 0 | 214886 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 1352996 | 78800 | SH |  | DFND | 1 | 0 | 78800 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 12057543 | 30322 | SH |  | DFND | 1 | 0 | 30322 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 740906995 | 2367115 | SH |  | DFND | 1 | 0 | 2367115 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 466531307 | 2021191 | SH |  | DFND | 1 | 0 | 2021191 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 40370794 | 109125 | SH |  | DFND | 1 | 0 | 109125 | 0 |
| CENCORA INC | COM | 03073E105 |  | 32937380 | 97520 | SH |  | DFND | 1 | 0 | 97520 | 0 |
| AMGEN INC | COM | 031162100 |  | 5957042 | 18200 | SH |  | DFND | 1 | 0 | 18200 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 38826668 | 287307 | SH |  | DFND | 1 | 0 | 287307 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 2699235 | 7700 | SH |  | DFND | 1 | 0 | 7700 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 1159908 | 65200 | SH |  | DFND | 1 | 0 | 65200 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 12311983 | 85051 | SH |  | DFND | 1 | 0 | 85051 | 0 |
| APPLE INC | COM | 037833100 |  | 909681892 | 3346141 | SH |  | DFND | 1 | 0 | 3346141 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 5238998 | 20386 | SH |  | DFND | 1 | 0 | 20386 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 38717697 | 57460 | SH |  | DFND | 1 | 0 | 57460 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1667210 | 29000 | SH |  | DFND | 1 | 0 | 29000 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2160732 | 8400 | SH |  | DFND | 1 | 0 | 8400 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1309536 | 7200 | SH |  | DFND | 1 | 0 | 7200 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 16144340 | 354509 | SH |  | DFND | 1 | 0 | 354509 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 81207885 | 1476507 | SH |  | DFND | 1 | 0 | 1476507 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 68325582 | 588557 | SH |  | DFND | 1 | 0 | 588557 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 100990703 | 2316165 | SH |  | DFND | 1 | 0 | 2316165 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 111353562 | 221533 | SH |  | DFND | 1 | 0 | 221533 | 0 |
| BEST BUY INC | COM | 086516101 |  | 689379 | 10300 | SH |  | DFND | 1 | 0 | 10300 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 3853224 | 3600 | SH |  | DFND | 1 | 0 | 3600 | 0 |
| BOEING CO | COM | 097023105 |  | 113858162 | 524402 | SH |  | DFND | 1 | 0 | 524402 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 36860736 | 6883 | SH |  | DFND | 1 | 0 | 6883 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 1924062 | 42700 | SH |  | DFND | 1 | 0 | 42700 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 23692498 | 439238 | SH |  | DFND | 1 | 0 | 439238 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1941579 | 8700 | SH |  | DFND | 1 | 0 | 8700 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 335507610 | 969395 | SH |  | DFND | 1 | 0 | 969395 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 25792586 | 561220 | SH |  | DFND | 1 | 0 | 561220 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 33264557 | 206882 | SH |  | DFND | 1 | 0 | 206882 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 2122032 | 13200 | SH |  | DFND | 1 | 0 | 13200 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 4596341 | 16700 | SH |  | DFND | 1 | 0 | 16700 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 12911701 | 140875 | SH |  | DFND | 1 | 0 | 140875 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 33897317 | 373557 | SH |  | DFND | 1 | 0 | 373557 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 2217539 | 22400 | SH |  | DFND | 1 | 0 | 22400 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 114959831 | 474335 | SH |  | DFND | 1 | 0 | 474335 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 60677574 | 295268 | SH |  | DFND | 1 | 0 | 295268 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 26657664 | 872877 | SH |  | DFND | 1 | 0 | 872877 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 102009242 | 178067 | SH |  | DFND | 1 | 0 | 178067 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 67242238 | 609299 | SH |  | DFND | 1 | 0 | 609299 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 61497435 | 403500 | SH |  | DFND | 1 | 0 | 403500 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 30548865 | 825645 | SH |  | DFND | 1 | 0 | 825645 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 86350651 | 369225 | SH |  | DFND | 1 | 0 | 369225 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 127870031 | 1660003 | SH |  | DFND | 1 | 0 | 1660003 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 132726473 | 1137428 | SH |  | DFND | 1 | 0 | 1137428 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 40774678 | 698077 | SH |  | DFND | 1 | 0 | 698077 | 0 |
| COCA COLA CO | COM | 191216100 |  | 73517915 | 1051608 | SH |  | DFND | 1 | 0 | 1051608 | 0 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 |  | 1733193 | 18300 | SH |  | DFND | 1 | 0 | 18300 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 3427070 | 41290 | SH |  | DFND | 1 | 0 | 41290 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 9638539 | 42622 | SH |  | DFND | 1 | 0 | 42622 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2017697 | 25534 | SH |  | DFND | 1 | 0 | 25534 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 21952904 | 62142 | SH |  | DFND | 1 | 0 | 62142 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 1400392 | 13600 | SH |  | DFND | 1 | 0 | 13600 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 1367604 | 10800 | SH |  | DFND | 1 | 0 | 10800 | 0 |
| CUMMINS INC | COM | 231021106 |  | 3501177 | 6859 | SH |  | DFND | 1 | 0 | 6859 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 34934531 | 63371 | SH |  | DFND | 1 | 0 | 63371 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 1472064 | 12300 | SH |  | DFND | 1 | 0 | 12300 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 2421703 | 13160 | SH |  | DFND | 1 | 0 | 13160 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 2127372 | 16900 | SH |  | DFND | 1 | 0 | 16900 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 45719385 | 401858 | SH |  | DFND | 1 | 0 | 401858 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 2687214 | 191397 | SH |  | DFND | 1 | 0 | 191397 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2044658 | 15400 | SH |  | DFND | 1 | 0 | 15400 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 75960520 | 617515 | SH |  | DFND | 1 | 0 | 617515 | 0 |
| DONALDSON INC | COM | 257651109 |  | 3834634 | 43251 | SH |  | DFND | 1 | 0 | 43251 | 0 |
| DOVER CORP | COM | 260003108 |  | 3656455 | 18728 | SH |  | DFND | 1 | 0 | 18728 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 65020043 | 1617414 | SH |  | DFND | 1 | 0 | 1617414 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 1944347 | 17300 | SH |  | DFND | 1 | 0 | 17300 | 0 |
| ECOLAB INC | COM | 278865100 |  | 16707823 | 63644 | SH |  | DFND | 1 | 0 | 63644 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 11429461 | 18682 | SH |  | DFND | 1 | 0 | 18682 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2481864 | 18700 | SH |  | DFND | 1 | 0 | 18700 | 0 |
| ENACT HLDGS INC | COM | 29249E109 |  | 1522176 | 38400 | SH |  | DFND | 1 | 0 | 38400 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 32828853 | 1990834 | SH |  | DFND | 1 | 0 | 1990834 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 44508095 | 298692 | SH |  | DFND | 1 | 0 | 298692 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 107025703 | 889361 | SH |  | DFND | 1 | 0 | 889361 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 305444766 | 462732 | SH |  | DFND | 1 | 0 | 462732 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 1959144 | 8800 | SH |  | DFND | 1 | 0 | 8800 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 25344432 | 541432 | SH |  | DFND | 1 | 0 | 541432 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 14727087 | 6862 | SH |  | DFND | 1 | 0 | 6862 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 |  | 5582630 | 161441 | SH |  | DFND |  | 0 | 161441 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 115824563 | 2280460 | SH |  | DFND | 1 | 0 | 2280460 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 14641785 | 89165 | SH |  | DFND | 1 | 0 | 89165 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 56818043 | 692734 | SH |  | DFND | 1 | 0 | 692734 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 69958786 | 107041 | SH |  | DFND | 1 | 0 | 107041 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 2423952 | 7200 | SH |  | DFND | 1 | 0 | 7200 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 63871561 | 207355 | SH |  | DFND | 1 | 0 | 207355 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 1262940 | 27160 | SH |  | DFND | 1 | 0 | 27160 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 5611649 | 69007 | SH |  | DFND | 1 | 0 | 69007 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 2433132 | 19788 | SH |  | DFND | 1 | 0 | 19788 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 37775076 | 307765 | SH |  | DFND | 1 | 0 | 307765 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 55712778 | 63382 | SH |  | DFND | 1 | 0 | 63382 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 5547474 | 27598 | SH |  | DFND | 1 | 0 | 27598 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 56912101 | 121904 | SH |  | DFND | 1 | 0 | 121904 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 13722195 | 375539 | SH |  | DFND | 1 | 0 | 375539 | 0 |
| HP INC | COM | 40434L105 |  | 1668772 | 74900 | SH |  | DFND | 1 | 0 | 74900 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 56823346 | 412361 | SH |  | DFND | 1 | 0 | 412361 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 1169550 | 33900 | SH |  | DFND | 1 | 0 | 33900 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 2281900 | 95000 | SH |  | DFND | 1 | 0 | 95000 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 76242925 | 221572 | SH |  | DFND | 1 | 0 | 221572 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1794828 | 9200 | SH |  | DFND | 1 | 0 | 9200 | 0 |
| HUBBELL INC | COM | 443510607 |  | 1909673 | 4300 | SH |  | DFND | 1 | 0 | 4300 | 0 |
| HUMANA INC | COM | 444859102 |  | 1664845 | 6500 | SH |  | DFND | 1 | 0 | 6500 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 18413521 | 94749 | SH |  | DFND | 1 | 0 | 94749 | 0 |
| IDEX CORP | COM | 45167R104 |  | 2841168 | 15967 | SH |  | DFND | 1 | 0 | 15967 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 44563031 | 65870 | SH |  | DFND | 1 | 0 | 65870 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 2142810 | 8700 | SH |  | DFND | 1 | 0 | 8700 | 0 |
| INGREDION INC | COM | 457187102 |  | 1256964 | 11400 | SH |  | DFND | 1 | 0 | 11400 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 48922296 | 281098 | SH |  | DFND | 1 | 0 | 281098 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 16197888 | 251872 | SH |  | DFND | 1 | 0 | 251872 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 131405273 | 443622 | SH |  | DFND | 1 | 0 | 443622 | 0 |
| INTUIT | COM | 461202103 |  | 50204812 | 75790 | SH |  | DFND | 1 | 0 | 75790 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 77009668 | 135973 | SH |  | DFND | 1 | 0 | 135973 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 20712580 | 261820 | SH |  | DFND | 1 | 0 | 261820 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 7085478 | 10270 | SH |  | DFND |  | 0 | 10270 | 0 |
| ISHARES TR | US CONSUM DISCRE | 464287580 |  | 6113231 | 58900 | SH |  | DFND |  | 0 | 58900 | 0 |
| ISHARES TR | U.S. UTILITS ETF | 464287697 |  | 1413936 | 12960 | SH |  | DFND |  | 0 | 12960 | 0 |
| ISHARES TR | US TELECOM ETF | 464287713 |  | 16138024 | 474090 | SH |  | DFND |  | 0 | 474090 | 0 |
| ISHARES TR | US INDUSTRIALS | 464287754 |  | 2596709 | 17360 | SH |  | DFND |  | 0 | 17360 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 1940765 | 29630 | SH |  | DFND |  | 0 | 29630 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 6525465 | 50250 | SH |  | DFND |  | 0 | 50250 | 0 |
| ISHARES TR | U.S. ENERGY ETF | 464287796 |  | 3800895 | 79500 | SH |  | DFND |  | 0 | 79500 | 0 |
| ISHARES TR | US CONSM STAPLES | 464287812 |  | 7481363 | 111100 | SH |  | DFND |  | 0 | 111100 | 0 |
| ISHARES TR | EUROPE ETF | 464287861 |  | 1196961 | 17380 | SH |  | DFND |  | 0 | 17380 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 13864078 | 148390 | SH |  | DFND |  | 0 | 148390 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 7401617 | 51974 | SH |  | DFND |  | 0 | 51974 | 0 |
| ISHARES TR | MBS ETF | 464288588 |  | 32196834 | 338060 | SH |  | DFND |  | 0 | 338060 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 47271218 | 894272 | SH |  | DFND |  | 0 | 894272 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 4573790 | 75500 | SH |  | DFND |  | 0 | 75500 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 2700667 | 42390 | SH |  | DFND |  | 0 | 42390 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 67565376 | 673096 | SH |  | DFND |  | 0 | 673096 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 155310040 | 482000 | SH |  | DFND | 1 | 0 | 482000 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 36494982 | 275517 | SH |  | DFND | 1 | 0 | 275517 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 176362376 | 852198 | SH |  | DFND | 1 | 0 | 852198 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 104201616 | 85757 | SH |  | DFND | 1 | 0 | 85757 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 17247279 | 135294 | SH |  | DFND | 1 | 0 | 135294 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 27745545 | 984120 | SH |  | DFND | 1 | 0 | 984120 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 30493146 | 583266 | SH |  | DFND | 1 | 0 | 583266 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 131195947 | 766421 | SH |  | DFND | 1 | 0 | 766421 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 75713084 | 723005 | SH |  | DFND | 1 | 0 | 723005 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1695760 | 9400 | SH |  | DFND | 1 | 0 | 9400 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 252693807 | 235134 | SH |  | DFND | 1 | 0 | 235134 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2650512 | 5480 | SH |  | DFND | 1 | 0 | 5480 | 0 |
| LOWES COS INC | COM | 548661107 |  | 26710882 | 110760 | SH |  | DFND | 1 | 0 | 110760 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 2262888 | 42400 | SH |  | DFND | 1 | 0 | 42400 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 29333954 | 805289 | SH |  | DFND | 1 | 0 | 805289 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 2634384 | 14200 | SH |  | DFND | 1 | 0 | 14200 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 64736540 | 208666 | SH |  | DFND | 1 | 0 | 208666 | 0 |
| MASCO CORP | COM | 574599106 |  | 2193368 | 34563 | SH |  | DFND | 1 | 0 | 34563 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 101983716 | 178643 | SH |  | DFND | 1 | 0 | 178643 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1750427 | 25700 | SH |  | DFND | 1 | 0 | 25700 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 62006214 | 202880 | SH |  | DFND | 1 | 0 | 202880 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 25009002 | 30488 | SH |  | DFND | 1 | 0 | 30488 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 55714434 | 529303 | SH |  | DFND | 1 | 0 | 529303 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 729865763 | 1509172 | SH |  | DFND | 1 | 0 | 1509172 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 126023071 | 441551 | SH |  | DFND | 1 | 0 | 441551 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 14134570 | 105869 | SH |  | DFND | 1 | 0 | 105869 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 1181004 | 25300 | SH |  | DFND | 1 | 0 | 25300 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1928837 | 35832 | SH |  | DFND | 1 | 0 | 35832 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 12312446 | 29337 | SH |  | DFND | 1 | 0 | 29337 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 47339661 | 617447 | SH |  | DFND | 1 | 0 | 617447 | 0 |
| MOODYS CORP | COM | 615369105 |  | 13007774 | 25463 | SH |  | DFND | 1 | 0 | 25463 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 139634269 | 786539 | SH |  | DFND | 1 | 0 | 786539 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 3393532 | 8853 | SH |  | DFND | 1 | 0 | 8853 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 67075391 | 421222 | SH |  | DFND | 1 | 0 | 421222 | 0 |
| NASDAQ INC | COM | 631103108 |  | 11279610 | 116129 | SH |  | DFND | 1 | 0 | 116129 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 1641230 | 20500 | SH |  | DFND | 1 | 0 | 20500 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1531387 | 14300 | SH |  | DFND | 1 | 0 | 14300 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 85495244 | 911852 | SH |  | DFND | 1 | 0 | 911852 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 65161950 | 459437 | SH |  | DFND | 1 | 0 | 459437 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 1929876 | 27800 | SH |  | DFND | 1 | 0 | 27800 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 321118 | 3216 | SH |  | DFND | 1 | 0 | 3216 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 109030998 | 1358134 | SH |  | DFND | 1 | 0 | 1358134 | 0 |
| NIKE INC | CL B | 654106103 |  | 9400092 | 147545 | SH |  | DFND | 1 | 0 | 147545 | 0 |
| NORDSON CORP | COM | 655663102 |  | 1562795 | 6500 | SH |  | DFND | 1 | 0 | 6500 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 25860362 | 89569 | SH |  | DFND | 1 | 0 | 89569 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1038646289 | 5569149 | SH |  | DFND | 1 | 0 | 5569149 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 64434765 | 410936 | SH |  | DFND | 1 | 0 | 410936 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 2284337 | 28289 | SH |  | DFND | 1 | 0 | 28289 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 1675800 | 22800 | SH |  | DFND | 1 | 0 | 22800 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 14605191 | 74933 | SH |  | DFND | 1 | 0 | 74933 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 1869290 | 21400 | SH |  | DFND | 1 | 0 | 21400 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 102723503 | 577910 | SH |  | DFND | 1 | 0 | 577910 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 25876582 | 29440 | SH |  | DFND | 1 | 0 | 29440 | 0 |
| PEPSICO INC | COM | 713448108 |  | 23577466 | 164280 | SH |  | DFND | 1 | 0 | 164280 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 116705436 | 727590 | SH |  | DFND | 1 | 0 | 727590 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2876878 | 28100 | SH |  | DFND | 1 | 0 | 28100 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4223346 | 29470 | SH |  | DFND | 1 | 0 | 29470 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 36877144 | 288870 | SH |  | DFND | 1 | 0 | 288870 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 16989919 | 144891 | SH |  | DFND | 1 | 0 | 144891 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 38632840 | 225857 | SH |  | DFND | 1 | 0 | 225857 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 34205431 | 81044 | SH |  | DFND | 1 | 0 | 81044 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1995595 | 11500 | SH |  | DFND | 1 | 0 | 11500 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 1813714 | 17600 | SH |  | DFND | 1 | 0 | 17600 | 0 |
| RPM INTL INC | COM | 749685103 |  | 1445600 | 13900 | SH |  | DFND | 1 | 0 | 13900 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 53835001 | 152244 | SH |  | DFND | 1 | 0 | 152244 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 137108189 | 747591 | SH |  | DFND | 1 | 0 | 747591 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 31501558 | 40812 | SH |  | DFND | 1 | 0 | 40812 | 0 |
| RELIANCE INC | COM | 759509102 |  | 1531011 | 5300 | SH |  | DFND | 1 | 0 | 5300 | 0 |
| RESMED INC | COM | 761152107 |  | 2167830 | 9000 | SH |  | DFND | 1 | 0 | 9000 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 17271501 | 152710 | SH |  | DFND | 1 | 0 | 152710 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 42957219 | 110410 | SH |  | DFND | 1 | 0 | 110410 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 121792367 | 713739 | SH |  | DFND | 1 | 0 | 713739 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 31088357 | 59489 | SH |  | DFND | 1 | 0 | 59489 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 11218873 | 16330 | SH |  | DFND |  | 0 | 16330 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 47432150 | 1402903 | SH |  | DFND |  | 0 | 1402903 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A383 |  | 33218231 | 1482295 | SH |  | DFND |  | 0 | 1482295 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 147055780 | 555116 | SH |  | DFND | 1 | 0 | 555116 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 17338472 | 451758 | SH |  | DFND | 1 | 0 | 451758 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 35979389 | 360118 | SH |  | DFND | 1 | 0 | 360118 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 33514808 | 262717 | SH |  | DFND | 1 | 0 | 262717 | 0 |
| SEMPRA | COM | 816851109 |  | 37993306 | 430324 | SH |  | DFND | 1 | 0 | 430324 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2365419 | 7300 | SH |  | DFND | 1 | 0 | 7300 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 65862646 | 409161 | SH |  | DFND | 1 | 0 | 409161 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 1157024 | 17300 | SH |  | DFND | 1 | 0 | 17300 | 0 |
| SNAP ON INC | COM | 833034101 |  | 3057291 | 8872 | SH |  | DFND | 1 | 0 | 8872 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 2557783 | 17828 | SH |  | DFND | 1 | 0 | 17828 | 0 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 1166964 | 12400 | SH |  | DFND | 1 | 0 | 12400 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 1840734 | 14700 | SH |  | DFND | 1 | 0 | 14700 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 3057789 | 8700 | SH |  | DFND | 1 | 0 | 8700 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 1425552 | 27200 | SH |  | DFND | 1 | 0 | 27200 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1367093 | 9100 | SH |  | DFND | 1 | 0 | 9100 | 0 |
| SYSCO CORP | COM | 871829107 |  | 3360264 | 45600 | SH |  | DFND | 1 | 0 | 45600 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 36850732 | 239898 | SH |  | DFND | 1 | 0 | 239898 | 0 |
| TPG INC | COM CL A | 872657101 |  | 28455212 | 445727 | SH |  | DFND | 1 | 0 | 445727 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 66372961 | 259239 | SH |  | DFND | 1 | 0 | 259239 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 64282620 | 503112 | SH |  | DFND | 1 | 0 | 503112 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 25961549 | 140713 | SH |  | DFND | 1 | 0 | 140713 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 5101089 | 106305 | SH |  | DFND | 1 | 0 | 106305 | 0 |
| TESLA INC | COM | 88160R101 |  | 270018634 | 600415 | SH |  | DFND | 1 | 0 | 600415 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 51751838 | 89312 | SH |  | DFND | 1 | 0 | 89312 | 0 |
| 3M CO | COM | 88579Y101 |  | 49948318 | 311982 | SH |  | DFND | 1 | 0 | 311982 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 32184390 | 341163 | SH |  | DFND | 1 | 0 | 341163 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1765353 | 35300 | SH |  | DFND | 1 | 0 | 35300 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 127590590 | 2391128 | SH |  | DFND | 1 | 0 | 2391128 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 61465991 | 101595 | SH |  | DFND | 1 | 0 | 101595 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 48025502 | 207615 | SH |  | DFND | 1 | 0 | 207615 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 24117901 | 49498 | SH |  | DFND | 1 | 0 | 49498 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 64300806 | 194786 | SH |  | DFND | 1 | 0 | 194786 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 58860475 | 759490 | SH |  | DFND | 1 | 0 | 759490 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 15089493 | 92693 | SH |  | DFND | 1 | 0 | 92693 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 40879245 | 512721 | SH |  | DFND |  | 0 | 512721 | 0 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 22012191 | 467648 | SH |  | DFND |  | 0 | 467648 | 0 |
| VENTAS INC | COM | 92276F100 |  | 62712234 | 810445 | SH |  | DFND | 1 | 0 | 810445 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 25847410 | 41113 | SH |  | DFND |  | 0 | 41113 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 5861047 | 143900 | SH |  | DFND | 1 | 0 | 143900 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 22078179 | 48699 | SH |  | DFND | 1 | 0 | 48699 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 20987585 | 129545 | SH |  | DFND | 1 | 0 | 129545 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 223221304 | 636484 | SH |  | DFND | 1 | 0 | 636484 | 0 |
| WALMART INC | COM | 931142103 |  | 184160841 | 1653001 | SH |  | DFND | 1 | 0 | 1653001 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 1708319 | 55700 | SH |  | DFND | 1 | 0 | 55700 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 24753188 | 112663 | SH |  | DFND | 1 | 0 | 112663 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 59552750 | 638978 | SH |  | DFND | 1 | 0 | 638978 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 37343618 | 201194 | SH |  | DFND | 1 | 0 | 201194 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 3303915 | 18500 | SH |  | DFND | 1 | 0 | 18500 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 16167363 | 218892 | SH |  | DFND | 1 | 0 | 218892 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 1594516 | 33400 | SH |  | DFND | 1 | 0 | 33400 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 382275 | 9834 | SH |  | DFND |  | 0 | 9834 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 22587738 | 581068 | SH |  | DFND | 1 | 0 | 581068 | 0 |
| TOTALENERGIES SE | ACT | F92124100 |  | 9788055 | 150000 | SH |  | DFND |  | 0 | 150000 | 0 |
| TOTALENERGIES SE | ACT | F92124100 |  | 27636193 | 423443 | SH |  | DFND | 1 | 0 | 423443 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 3436445 | 21583 | SH |  | DFND | 1 | 0 | 21583 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 44070830 | 124889 | SH |  | DFND | 1 | 0 | 124889 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 88879473 | 331269 | SH |  | DFND | 1 | 0 | 331269 | 0 |
| CRH PLC | ORD | G25508105 |  | 151583445 | 1213504 | SH |  | DFND | 1 | 0 | 1213504 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 1213156 | 5589 | SH |  | DFND | 1 | 0 | 5589 | 0 |
| LINDE PLC | SHS | G54950103 |  | 39389482 | 92379 | SH |  | DFND | 1 | 0 | 92379 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2622438 | 27300 | SH |  | DFND | 1 | 0 | 27300 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 1812036 | 17400 | SH |  | DFND | 1 | 0 | 17400 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 25761424 | 666789 | SH |  | DFND | 1 | 0 | 666789 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 59497960 | 261518 | SH |  | DFND | 1 | 0 | 261518 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 8051243 | 100895 | SH |  | DFND | 1 | 0 | 100895 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 43894684 | 140634 | SH |  | DFND | 1 | 0 | 140634 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 2109640 | 10400 | SH |  | DFND | 1 | 0 | 10400 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 432733 | 7876 | SH |  | DFND | 1 | 0 | 7876 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 39629974 | 850286 | SH |  | DFND | 1 | 0 | 850286 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 423432 | 4118 | SH |  | DFND | 1 | 0 | 4118 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 24979839 | 537432 | SH |  | DFND | 1 | 0 | 537432 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 35071258 | 243957 | SH |  | DFND | 1 | 0 | 243957 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 2730582 | 7300 | SH |  | DFND |  | 0 | 7300 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 14549964 | 38886 | SH |  | DFND | 1 | 0 | 38886 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 25523572 | 392840 | SH |  | DFND | 1 | 0 | 392840 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 2423936 | 152972 | SH |  | DFND | 1 | 0 | 152972 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 2398513 | 11050 | SH |  | DFND | 1 | 0 | 11050 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 23157484 | 2084816 | SH |  | DFND | 1 | 0 | 2084816 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 14806745 | 176892 | SH |  | DFND | 1 | 0 | 176892 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 11496246 | 41217 | SH |  | DFND | 1 | 0 | 41217 | 0 |

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