# EDGAR Filing Document

**Accession Number:** 0001274419
**File Stem:** 0001274419-26-000003
**Filing Date:** 2026-2
**Character Count:** 39719
**Document Hash:** db5a1dd1129a27bde80fc5a0bc71cc81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001274419-26-000003.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001274419-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**EFFECTIVENESS DATE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CREDIT INDUSTRIEL ET COMMERCIAL
- **CENTRAL INDEX KEY:** 0001274419

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25196
- **FILM NUMBER:** 26590253

**BUSINESS ADDRESS:**
- **STREET 1:** 6 AVE. DE PROVENCE
- **CITY:** PARIS FRANCE
- **STATE:** I0
- **ZIP:** 75009
- **BUSINESS PHONE:** 01133142667256

**MAIL ADDRESS:**
- **STREET 1:** 6 AVE. DE PROVENCE
- **CITY:** PARIS FRANCE
- **STATE:** I0
- **ZIP:** 75009

### 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:** CREDIT INDUSTRIEL ET COMMERCIAL<br>**Address:** 6 AVE. DE PROVENCE<br>PARIS FRANCE, I0 75009

**Form 13F File Number:** 028-25196

**CRD Number (if applicable):** 000169820

**SEC File Number (if applicable):** 801-10701

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:** Benoit Piscione<br>**Title:** Risk Director<br>**Phone:** 0033153487624

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

Benoit Piscione  Paris, I0  02-03-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 356

**Form 13F Information Table Value Total:** $1301254895

      (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   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Banque Transatlantique SA              | 028-25250              |  |  |
|     2 | TRANSATLANTIQUE PRIVATE WEALTH LLC     | 028-22581              | 000169820    | 801-10701         |
|     3 | Banque de Luxembourg S.A.              | 028-25248              |  |  |
|     4 | BLI - Banque de Luxembourg Investments | 028-25159              |  |  |

### 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 |
| ABBOTT LABS | COM | 002824100 |  | 2300199 | 18359 | SH |  | DFND | 1 | 18359 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 3758700 | 30000 | SH | Put | DFND | 1 | 30000 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 49636 | 185 | SH |  | DFND | 1 | 185 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 53660 | 200 | SH | Put | DFND | 1 | 200 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 4283200 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 1380945 | 21500 | SH |  | DFND | 1 | 21500 | 0 | 0 |
| AIRBNB INC | NOTE 3/1 | 009066AB7 |  | 22712638 | 23000000 | PRN |  | DFND | 1 | 23000000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 |  | 5041000 | 5000000 | PRN |  | DFND | 1 | 5000000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 4948500 | 5000000 | PRN |  | DFND | 1 | 5000000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 2.250% 6/0 | 011642AD7 |  | 4744000 | 5000000 | PRN |  | DFND | 1 | 5000000 | 0 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 13416750 | 225000 | SH |  | DFND | 1 | 225000 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 171700 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 4950919 | 62018 | SH |  | DFND | 1 | 62018 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 9978795 | 125000 | SH | Put | DFND | 1 | 125000 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 799500 | 130000 | SH |  | DFND | 1 | 130000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 3908500 | 2500000 | PRN |  | DFND | 1 | 2500000 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2037372 | 9788 | SH |  | DFND | 1 | 9788 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2081500 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| ALPHA TEKNOVA INC | COM | 02080L102 |  | 7600 | 2000 | SH |  | DFND | 1 | 2000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 18234604 | 58109 | SH |  | DFND | 1 | 58109 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 12352101 | 53514 | SH |  | DFND | 1 | 53514 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 34079 | 2223 | SH |  | DFND | 1 | 2223 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 1533000 | 100000 | SH | Put | DFND | 1 | 100000 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1960735 | 5300 | SH | Put | DFND | 1 | 5300 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 3943855 | 46100 | SH | Put | DFND | 1 | 46100 | 0 | 0 |
| AMERICAN WOODMARK CORPORATIO | COM | 030506109 |  | 1995701 | 37026 | SH |  | DFND | 1 | 37026 | 0 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 3417600 | 240000 | SH |  | DFND | 1 | 240000 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1374170 | 5067 | SH |  | DFND | 1 | 5067 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2820480 | 10400 | SH | Put | DFND | 1 | 10400 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 6372000 | 450000 | SH |  | DFND | 1 | 450000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3819361 | 14049 | SH |  | DFND | 1 | 14049 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 20552616 | 75600 | SH | Put | DFND | 1 | 75600 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 32050000 | 625000 | SH |  | DFND | 1 | 625000 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 503154 | 4603 | SH |  | DFND | 1 | 4603 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 1639650 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| ASPEN INSURANCE HOLDINGS LTD | ORD SHS CL A | G05384501 |  | 1741326 | 46936 | SH |  | DFND | 1 | 46936 | 0 | 0 |
| ASTRIA THERAPEUTICS INC | COM | 04635X102 |  | 1309000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 76075 | 257 | SH |  | DFND | 1 | 257 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 1983267 | 6700 | SH | Put | DFND | 1 | 6700 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2418991 | 9404 | SH |  | DFND | 1 | 9404 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2572300 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| AVADEL PHARMACEUTICALS PLC | COM SHS | G29687103 |  | 11249833 | 522034 | SH |  | DFND | 1 | 522034 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 |  | 12117840 | 168000 | SH |  | DFND | 1 | 168000 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 832585 | 1466 | SH |  | DFND | 1 | 1466 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 1703790 | 3000 | SH | Put | DFND | 1 | 3000 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 32007 | 355 | SH |  | DFND | 1 | 355 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 90160 | 1000 | SH | Put | DFND | 1 | 1000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 183645 | 3339 | SH |  | DFND | 1 | 3339 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3300000 | 60000 | SH | Put | DFND | 1 | 60000 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 325239 | 46797 | SH |  | DFND | 1 | 46797 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 2377973 | 40013 | SH |  | DFND | 1 | 40013 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 1242706 | 30384 | SH |  | DFND | 1 | 30384 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 388550 | 9500 | SH | Put | DFND | 1 | 9500 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 4470 | 29 | SH |  | DFND | 1 | 29 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 15414 | 100 | SH | Put | DFND | 1 | 100 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 8592 | 132 | SH |  | DFND | 1 | 132 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 13018 | 200 | SH | Put | DFND | 1 | 200 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 824721 | 154 | SH |  | DFND | 1 | 154 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2677665 | 500 | SH | Put | DFND | 1 | 500 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 10055149 | 155196 | SH |  | DFND | 1 | 155196 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 173050 | 500 | SH | Put | DFND | 1 | 500 | 0 | 0 |
| BROOKFIELD BUSINESS PARTNERS | UNIT LTD L P | G16234109 |  | 6852314 | 194668 | SH |  | DFND | 1 | 194668 | 0 | 0 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 6507254 | 187313 | SH |  | DFND | 1 | 187313 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 |  | 11222028 | 416093 | SH |  | DFND | 1 | 416093 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 26338 | 2480 | SH |  | DFND | 1 | 2480 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 12603 | 52 | SH |  | DFND | 1 | 52 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2302420 | 9500 | SH | Put | DFND | 1 | 9500 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1027500 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 386439 | 10001 | SH |  | DFND | 1 | 10001 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 386400 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| CARNIVAL PLC | ADS | 14365C103 |  | 3759555 | 123955 | SH |  | DFND | 1 | 123955 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 10426234 | 18200 | SH | Put | DFND | 1 | 18200 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 1372862 | 17751 | SH |  | DFND | 1 | 17751 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 4253700 | 55000 | SH | Put | DFND | 1 | 55000 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 2191194 | 10625 | SH |  | DFND | 1 | 10625 | 0 | 0 |
| CHEER HLDG INC | SHS CL A | G39973121 |  | 5810 | 4539 | SH |  | DFND | 1 | 4539 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 701646 | 2248 | SH |  | DFND | 1 | 2248 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 4588164 | 14700 | SH | Put | DFND | 1 | 14700 | 0 | 0 |
| CIDARA THERAPEUTICS INC | COM NEW | 171757206 |  | 4970025 | 22500 | SH |  | DFND | 1 | 22500 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1867040 | 16000 | SH | Put | DFND | 1 | 16000 | 0 | 0 |
| CITY OFFICE REIT INC | COM | 178587101 |  | 1923257 | 275144 | SH |  | DFND | 1 | 275144 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 132717 | 1599 | SH |  | DFND | 1 | 1599 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 688900 | 8300 | SH | Put | DFND | 1 | 8300 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1181455 | 42192 | SH |  | DFND | 1 | 42192 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1400094 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 302925 | 17500 | SH | Put | DFND | 1 | 17500 | 0 | 0 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 7287840 | 241000 | SH |  | DFND | 1 | 241000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 111093 | 7630 | SH |  | DFND | 1 | 7630 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 291200 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 5787564 | 75467 | SH |  | DFND | 1 | 75467 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 527981 | 14565 | SH |  | DFND | 1 | 14565 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2900000 | 80000 | SH | Put | DFND | 1 | 80000 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2705385 | 5300 | SH | Put | DFND | 1 | 5300 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 6851928 | 15361 | SH |  | DFND | 1 | 15361 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 10789237 | 156004 | SH |  | DFND | 1 | 156004 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 881195 | 8500 | SH |  | DFND | 1 | 8500 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1719350 | 3693 | SH |  | DFND | 1 | 3693 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 6611094 | 14200 | SH | Put | DFND | 1 | 14200 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 188820 | 1500 | SH | Put | DFND | 1 | 1500 | 0 | 0 |
| DENNYS CORP | COM | 24869P104 |  | 1793133 | 288285 | SH |  | DFND | 1 | 288285 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 59718 | 1535 | SH |  | DFND | 1 | 1535 | 0 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 11393750 | 12500000 | PRN |  | DFND | 1 | 12500000 | 0 | 0 |
| DIAMOND HILL INVT GROUP INC | COM NEW | 25264R207 |  | 1491600 | 8800 | SH |  | DFND | 1 | 8800 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 191490 | 3000 | SH |  | DFND | 1 | 3000 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 348 | 4 | SH |  | DFND | 1 | 4 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 2613000 | 30000 | SH | Put | DFND | 1 | 30000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 2431527 | 11900 | SH |  | DFND | 1 | 11900 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 267618 | 10709 | SH |  | DFND | 1 | 10709 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 |  | 3523778 | 202516 | SH |  | DFND | 1 | 202516 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 856162 | 26705 | SH |  | DFND | 1 | 26705 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 734174 | 22900 | SH | Put | DFND | 1 | 22900 | 0 | 0 |
| ENVIRI CORP | COM | 415864107 |  | 2329600 | 130000 | SH |  | DFND | 1 | 130000 | 0 | 0 |
| ETSY INC | NOTE 0.250% 6/1 | 29786AAN6 |  | 3559240 | 4000000 | PRN |  | DFND | 1 | 4000000 | 0 | 0 |
| EVENTBRITE INC | COM CL A | 29975E109 |  | 1424000 | 320000 | SH |  | DFND | 1 | 320000 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 251259 | 2474 | SH |  | DFND | 1 | 2474 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 1294177 | 3456 | SH |  | DFND | 1 | 3456 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 9361813 | 25000 | SH | Put | DFND | 1 | 25000 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 64374 | 990 | SH |  | DFND | 1 | 990 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 298648 | 6380 | SH |  | DFND | 1 | 6380 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 2340500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 2957046 | 480040 | SH |  | DFND | 1 | 480040 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 347929 | 26519 | SH |  | DFND | 1 | 26519 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 4141984 | 315700 | SH | Put | DFND | 1 | 315700 | 0 | 0 |
| FORGE GLOBAL HOLDINGS INC | COM SHS | 34629L202 |  | 891200 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 16858620 | 259643 | SH |  | DFND | 1 | 259643 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 638887 | 12579 | SH |  | DFND | 1 | 12579 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3565458 | 70200 | SH | Put | DFND | 1 | 70200 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 9628893 | 252926 | SH |  | DFND | 1 | 252926 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 104269 | 4073 | SH |  | DFND | 1 | 4073 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 640000 | 25000 | SH | Put | DFND | 1 | 25000 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 52126 | 11820 | SH |  | DFND | 1 | 11820 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 186000 | 4000 | SH | Put | DFND | 1 | 4000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2960048 | 36400 | SH | Put | DFND | 1 | 36400 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 6218800 | 7000000 | PRN |  | DFND | 1 | 7000000 | 0 | 0 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 1258353 | 46280 | SH |  | DFND | 1 | 46280 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 871089 | 991 | SH |  | DFND | 1 | 991 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 4307100 | 4900 | SH | Put | DFND | 1 | 4900 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 1281000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| GRIFOLS S A | SP ADR REP B NVT | 398438408 |  | 3381058 | 361455 | SH |  | DFND | 1 | 361455 | 0 | 0 |
| GRINDR INC | COM | 39854F101 |  | 1083200 | 80000 | SH | Call | DFND | 1 | 80000 | 0 | 0 |
| GUESS INC | COM | 401617105 |  | 3495524 | 208688 | SH |  | DFND | 1 | 208688 | 0 | 0 |
| GULF IS FABRICATION INC | COM | 402307102 |  | 1436388 | 119999 | SH |  | DFND | 1 | 119999 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 4206998 | 16666 | SH |  | DFND | 1 | 16666 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 36839000 | 550000 | SH |  | DFND | 1 | 550000 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 360300 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| HILLENBRAND INC | COM | 431571108 |  | 888160 | 28000 | SH |  | DFND | 1 | 28000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 10968653 | 147250 | SH |  | DFND | 1 | 147250 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1395670 | 4056 | SH |  | DFND | 1 | 4056 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2167830 | 6300 | SH | Put | DFND | 1 | 6300 | 0 | 0 |
| INHIBRX BIOSCIENCES INC | COM | 45720N103 |  | 683824 | 8656 | SH |  | DFND | 1 | 8656 | 0 | 0 |
| INTEGRA RES CORP | COM | 45826T509 |  | 644415 | 159842 | SH |  | DFND | 1 | 159842 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 444315 | 1500 | SH | Put | DFND | 1 | 1500 | 0 | 0 |
| INTERNATIONAL MNY EXPRESS IN | COM | 46005L101 |  | 1105920 | 72000 | SH |  | DFND | 1 | 72000 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 445186 | 11302 | SH |  | DFND | 1 | 11302 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 445107 | 11300 | SH | Put | DFND | 1 | 11300 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 215287 | 325 | SH |  | DFND | 1 | 325 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 1987260 | 3000 | SH | Put | DFND | 1 | 3000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1915600 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 24572400 | 40000 | SH | Put | DFND | 1 | 40000 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 1588500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 9336 | 31 | SH |  | DFND | 1 | 31 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 355407 | 3701 | SH |  | DFND | 1 | 3701 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 31247 | 260 | SH |  | DFND | 1 | 260 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 528499 | 9660 | SH |  | DFND | 1 | 9660 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 152828 | 1587 | SH |  | DFND | 1 | 1587 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 2230210 | 9060 | SH |  | DFND | 1 | 9060 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 1475582 | 38537 | SH |  | DFND | 1 | 38537 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1562682 | 23677 | SH |  | DFND | 1 | 23677 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 4801500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1802700 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 2108970 | 21900 | SH | Put | DFND | 1 | 21900 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 9189600 | 240000 | SH | Put | DFND | 1 | 240000 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 6600000 | 100000 | SH | Put | DFND | 1 | 100000 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 21983950 | 73000 | SH | Put | DFND | 1 | 73000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 8206500 | 150000 | SH | Put | DFND | 1 | 150000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 27077600 | 110000 | SH | Put | DFND | 1 | 110000 | 0 | 0 |
| JAMF HLDG CORP | COM | 47074L105 |  | 3292558 | 253079 | SH |  | DFND | 1 | 253079 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 3.125% 9/1 | 472145AH4 |  | 2328445 | 1750000 | PRN |  | DFND | 1 | 1750000 | 0 | 0 |
| JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 |  | 6338800 | 6500000 | PRN |  | DFND | 1 | 6500000 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 1076250 | 37500 | SH | Put | DFND | 1 | 37500 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 286833 | 1386 | SH |  | DFND | 1 | 1386 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1490040 | 7200 | SH | Put | DFND | 1 | 7200 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 359250 | 3000 | SH | Put | DFND | 1 | 3000 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1772210 | 5500 | SH | Put | DFND | 1 | 5500 | 0 | 0 |
| KB HOME | COM | 48666K109 |  | 256327 | 4544 | SH |  | DFND | 1 | 4544 | 0 | 0 |
| KB HOME | COM | 48666K109 |  | 530254 | 9400 | SH | Put | DFND | 1 | 9400 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2113125 | 122500 | SH |  | DFND | 1 | 122500 | 0 | 0 |
| KKR  CO INC | 6.25 CON SER D | 48251W500 |  | 25032000 | 480000 | SH |  | DFND | 1 | 480000 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 161606 | 133 | SH |  | DFND | 1 | 133 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 3037700 | 2500 | SH | Put | DFND | 1 | 2500 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 2072351 | 60862 | SH |  | DFND | 1 | 60862 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 7307130 | 214600 | SH | Put | DFND | 1 | 214600 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 11519 | 91 | SH |  | DFND | 1 | 91 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 101264 | 800 | SH | Put | DFND | 1 | 800 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 1447737 | 124483 | SH |  | DFND | 1 | 124483 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 1630952 | 96335 | SH |  | DFND | 1 | 96335 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 2158575 | 127500 | SH | Put | DFND | 1 | 127500 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 3204440 | 66372 | SH |  | DFND | 1 | 66372 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 |  | 6347227 | 574930 | SH |  | DFND | 1 | 574930 | 0 | 0 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 1761131 | 192895 | SH |  | DFND | 1 | 192895 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 2.875% 1/1 | 538034BC2 |  | 3174990 | 3000000 | PRN |  | DFND | 1 | 3000000 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 1199316 | 11659 | SH |  | DFND | 1 | 11659 | 0 | 0 |
| LOGITECH INTL S A | SHS | H50430232 |  | 6202827 | 60300 | SH | Put | DFND | 1 | 60300 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 482320 | 2000 | SH | Put | DFND | 1 | 2000 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 22050 | 1000 | SH |  | DFND | 1 | 1000 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 19185 | 1210 | SH |  | DFND | 1 | 1210 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 204138 | 658 | SH |  | DFND | 1 | 658 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 2233728 | 7200 | SH | Put | DFND | 1 | 7200 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE 3.250%12/1 | 57164YAF4 |  | 2374850 | 2500000 | PRN |  | DFND | 1 | 2500000 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 63 | 1 | SH |  | DFND | 1 | 1 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 160417 | 281 | SH |  | DFND | 1 | 281 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1370112 | 2400 | SH | Put | DFND | 1 | 2400 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1375335 | 4500 | SH | Put | DFND | 1 | 4500 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 446295 | 4646 | SH |  | DFND | 1 | 4646 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1210356 | 12600 | SH | Put | DFND | 1 | 12600 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1486524 | 738 | SH |  | DFND | 1 | 738 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 4431372 | 2200 | SH | Put | DFND | 1 | 2200 | 0 | 0 |
| MERSANA THERAPEUTICS INC | COM | 59045L205 |  | 1197471 | 41392 | SH |  | DFND | 1 | 41392 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2178297 | 3300 | SH | Put | DFND | 1 | 3300 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1600351 | 20273 | SH |  | DFND | 1 | 20273 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 4065410 | 51500 | SH | Put | DFND | 1 | 51500 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 791213 | 21683 | SH |  | DFND | 1 | 21683 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 1824500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.750% 6/0 | 595017BG8 |  | 8079250 | 8500000 | PRN |  | DFND | 1 | 8500000 | 0 | 0 |
| MIDWESTONE FINL GROUP INC NE | COM | 598511103 |  | 584969 | 15194 | SH |  | DFND | 1 | 15194 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 150311 | 5097 | SH |  | DFND | 1 | 5097 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 737250 | 25000 | SH | Put | DFND | 1 | 25000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1331475 | 7500 | SH | Put | DFND | 1 | 7500 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 567055 | 23539 | SH |  | DFND | 1 | 23539 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 2409000 | 100000 | SH | Put | DFND | 1 | 100000 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 1850875 | 212500 | SH |  | DFND | 1 | 212500 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 2537375 | 97143 | SH |  | DFND | 1 | 97143 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 14140500 | 275000 | SH |  | DFND | 1 | 275000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 1154880 | 4000 | SH |  | DFND | 1 | 4000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1119 | 6 | SH |  | DFND | 1 | 6 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 6281733 | 6627000 | PRN |  | DFND | 1 | 6627000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1399649 | 7181 | SH |  | DFND | 1 | 7181 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 3644817 | 18700 | SH | Put | DFND | 1 | 18700 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1015678 | 9054 | SH |  | DFND | 1 | 9054 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1121800 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 1230168 | 10849 | SH |  | DFND | 1 | 10849 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 3424378 | 30200 | SH | Put | DFND | 1 | 30200 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 863358 | 34673 | SH |  | DFND | 1 | 34673 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3112500 | 125000 | SH | Put | DFND | 1 | 125000 | 0 | 0 |
| PG CORP | PFD CONV SER A | 69331C306 |  | 19337250 | 475000 | SH |  | DFND | 1 | 475000 | 0 | 0 |
| PLYMOUTH INDL REIT INC | COM | 729640102 |  | 2634352 | 120400 | SH |  | DFND | 1 | 120400 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 1996126 | 19482 | SH |  | DFND | 1 | 19482 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 2049200 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1947780 | 19025 | SH |  | DFND | 1 | 19025 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 2149980 | 21000 | SH | Put | DFND | 1 | 21000 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 8379993 | 346854 | SH |  | DFND | 1 | 346854 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 5222718 | 61800 | SH |  | DFND | 1 | 61800 | 0 | 0 |
| QUIPT HOME MEDICAL CORP | COM | 74880P104 |  | 1143720 | 324000 | SH |  | DFND | 1 | 324000 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 452543 | 16699 | SH |  | DFND | 1 | 16699 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 1355000 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 787554 | 139390 | SH |  | DFND | 1 | 139390 | 0 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 171793 | 13559 | SH |  | DFND | 1 | 13559 | 0 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 443450 | 35000 | SH | Put | DFND | 1 | 35000 | 0 | 0 |
| ROIVANT SCIENCES LTD | SHS | G76279101 |  | 3255000 | 150000 | SH |  | DFND | 1 | 150000 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 6125 | 34 | SH |  | DFND | 1 | 34 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 36028 | 200 | SH | Put | DFND | 1 | 200 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 14114812 | 195439 | SH |  | DFND | 1 | 195439 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 55450 | 555 | SH |  | DFND | 1 | 555 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 259766 | 2600 | SH | Put | DFND | 1 | 2600 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 725025 | 17500 | SH |  | DFND | 1 | 17500 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 5573 | 36 | SH |  | DFND | 1 | 36 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 902620 | 7559 | SH |  | DFND | 1 | 7559 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 318772 | 2055 | SH |  | DFND | 1 | 2055 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 1655095 | 30219 | SH |  | DFND | 1 | 30219 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 1395737 | 30777 | SH |  | DFND | 1 | 30777 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 1651848 | 40938 | SH |  | DFND | 1 | 40938 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 3904466 | 27120 | SH |  | DFND | 1 | 27120 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 10521604 | 235330 | SH |  | DFND | 1 | 235330 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 30960 | 200 | SH | Put | DFND | 1 | 200 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1365056 | 8800 | SH | Put | DFND | 1 | 8800 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 2017500 | 50000 | SH | Put | DFND | 1 | 50000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 9420440 | 172000 | SH | Put | DFND | 1 | 172000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 16526344 | 138400 | SH | Put | DFND | 1 | 138400 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 12698000 | 280000 | SH | Put | DFND | 1 | 280000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 20011830 | 139000 | SH | Put | DFND | 1 | 139000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 59875632 | 1339200 | SH | Put | DFND | 1 | 1339200 | 0 | 0 |
| SEMRUSH HLDGS INC | CL A COM | 81686C104 |  | 1426800 | 120000 | SH |  | DFND | 1 | 120000 | 0 | 0 |
| SENTINELONE INC | CL A | 81730H109 |  | 45000 | 3000 | SH |  | DFND | 1 | 3000 | 0 | 0 |
| SEQUANS COMMUNICATIONS S A | SPONSORED ADS | 817323405 |  | 987800 | 220000 | SH |  | DFND | 1 | 220000 | 0 | 0 |
| SERITAGE GROWTH PPTYS | CL A | 81752R100 |  | 1825356 | 561648 | SH |  | DFND | 1 | 561648 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 2822985 | 18428 | SH |  | DFND | 1 | 18428 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3140395 | 20500 | SH | Put | DFND | 1 | 20500 | 0 | 0 |
| SHIFT4 PMTS INC | 6 SER A CNV PREF | 82452J307 |  | 10257500 | 125000 | SH |  | DFND | 1 | 125000 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 1207398 | 60385 | SH |  | DFND | 1 | 60385 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 1268200 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| SOHO HOUSE  CO INC | COM CL A | 586001109 |  | 1845608 | 205983 | SH |  | DFND | 1 | 205983 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 425 | 7 | SH |  | DFND | 1 | 7 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 3005 | 29 | SH |  | DFND | 1 | 29 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 3266165 | 50396 | SH |  | DFND | 1 | 50396 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 2313866 | 18977 | SH |  | DFND | 1 | 18977 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 4856970 | 38468 | SH |  | DFND | 1 | 38468 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 6216600 | 60000 | SH | Put | DFND | 1 | 60000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 2275875 | 37500 | SH | Put | DFND | 1 | 37500 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 16533031 | 255100 | SH | Put | DFND | 1 | 255100 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 23117928 | 189600 | SH | Put | DFND | 1 | 189600 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 18623350 | 147500 | SH | Put | DFND | 1 | 147500 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 2788248 | 37537 | SH |  | DFND | 1 | 37537 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 2971200 | 40000 | SH | Put | DFND | 1 | 40000 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1935150 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 512247 | 3023 | SH |  | DFND | 1 | 3023 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 5930750 | 35000 | SH | Put | DFND | 1 | 35000 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 1465311 | 131812 | SH |  | DFND | 1 | 131812 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2545346 | 7242 | SH |  | DFND | 1 | 7242 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 3163230 | 9000 | SH | Put | DFND | 1 | 9000 | 0 | 0 |
| SUPER MICRO COMPUTER INC | NOTE 3.500% 3/0 | 86800UAB0 |  | 2231025 | 2500000 | PRN |  | DFND | 1 | 2500000 | 0 | 0 |
| SWK HLDGS CORP | COM NEW | 78501P203 |  | 2150000 | 125000 | SH |  | DFND | 1 | 125000 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 851602 | 1813 | SH |  | DFND | 1 | 1813 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1409160 | 3000 | SH | Put | DFND | 1 | 3000 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 893565 | 12126 | SH |  | DFND | 1 | 12126 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1768560 | 24000 | SH | Put | DFND | 1 | 24000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 4558350 | 15000 | SH | Put | DFND | 1 | 15000 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 16130 | 63 | SH |  | DFND | 1 | 63 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 204824 | 800 | SH | Put | DFND | 1 | 800 | 0 | 0 |
| TASKUS INC | CLASS A COM | 87652V109 |  | 303003 | 25700 | SH |  | DFND | 1 | 25700 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 5770185 | 297279 | SH |  | DFND | 1 | 297279 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 1083686 | 18352 | SH |  | DFND | 1 | 18352 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 1181000 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| TH INTERNATIONAL LIMITED | SHS NEW | G8656L130 |  | 2131 | 856 | SH |  | DFND | 1 | 856 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 139350 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 384025 | 2500 | SH | Put | DFND | 1 | 2500 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 278278 | 1300 | SH |  | DFND | 1 | 1300 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 1391390 | 6500 | SH | Put | DFND | 1 | 6500 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1869328 | 4803 | SH |  | DFND | 1 | 4803 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4514720 | 11600 | SH | Put | DFND | 1 | 11600 | 0 | 0 |
| TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 |  | 2475260 | 2000000 | PRN |  | DFND | 1 | 2000000 | 0 | 0 |
| TRIPADVISOR INC | NOTE 0.250% 4/0 | 896945AD4 |  | 2205472 | 2245000 | PRN |  | DFND | 1 | 2245000 | 0 | 0 |
| TRUECAR INC | COM | 89785L107 |  | 403473 | 178528 | SH |  | DFND | 1 | 178528 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 7376133 | 125274 | SH |  | DFND | 1 | 125274 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 293100 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 3100451 | 66334 | SH |  | DFND | 1 | 66334 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 65777 | 805 | SH |  | DFND | 1 | 805 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 735390 | 9000 | SH | Put | DFND | 1 | 9000 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 742668 | 15928 | SH |  | DFND | 1 | 15928 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 12514575 | 268400 | SH | Put | DFND | 1 | 268400 | 0 | 0 |
| UDEMY INC | COM | 902685106 |  | 599040 | 102400 | SH |  | DFND | 1 | 102400 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 820 | 50 | SH |  | DFND | 1 | 50 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 198380 | 2000 | SH | Put | DFND | 1 | 2000 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 157679 | 2955 | SH |  | DFND | 1 | 2955 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2129064 | 39900 | SH | Put | DFND | 1 | 39900 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 6578855 | 18268 | SH |  | DFND | 1 | 18268 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 51822707 | 143900 | SH | Put | DFND | 1 | 143900 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 446 | 2 | SH |  | DFND | 1 | 2 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 222820 | 2000 | SH | Put | DFND | 1 | 2000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 6052200 | 210000 | SH |  | DFND | 1 | 210000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 480912 | 5160 | SH |  | DFND | 1 | 5160 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 5964800 | 64000 | SH | Put | DFND | 1 | 64000 | 0 | 0 |
| ZEO ENERGY CORP | CL A | 98944F109 |  | 11821 | 10845 | SH |  | DFND | 1 | 10845 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 117665 | 2010 | SH |  | DFND | 1 | 2010 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 444904 | 7600 | SH | Put | DFND | 1 | 7600 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 794642 | 3533 | SH |  | DFND | 1 | 3533 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 1124600 | 5000 | SH | Put | DFND | 1 | 5000 | 0 | 0 |

---