# EDGAR Filing Document

**Accession Number:** 0001039765
**File Stem:** 0001140361-25-040700
**Filing Date:** 2025-11
**Character Count:** 53086
**Document Hash:** 54d756095e373a95b11546d811570990
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-040700.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001140361-25-040700

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ING GROEP NV
- **CENTRAL INDEX KEY:** 0001039765
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** P7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13263
- **FILM NUMBER:** 251456872

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 1800
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1000 BV
- **BUSINESS PHONE:** 01131205639111

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1800
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1000 BV

### 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:** ING GROEP NV<br>**Address:** PO BOX 1800<br>AMSTERDAM, P7 1000 BV

**Form 13F File Number:** 028-13263

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:** J.A.M. Emke-Petrelluzzi Bojanic<br>**Title:** Sr. Compliance Officer<br>**Phone:** 31-20-576 6541

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

/s/ J.A.M. Emke-Petrelluzzi Bojanic  AMSTERDAM, P7  11-06-2025<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:** 0

**Form 13F Information Table Entry Total:** 507

**Form 13F Information Table Value Total:** $18484915467

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 1 800 FLOWERS COM INC | CL A | 68243Q106 |  | 4600000 | 1000000 | SH |  | DFND |  | 1000000 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 4404164 | 28381 | SH |  | DFND |  | 28381 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 63404249 | 473378 | SH |  | DFND |  | 473378 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 213364342 | 921501 | SH |  | DFND |  | 921501 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 34818934 | 141196 | SH |  | DFND |  | 141196 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 91501939 | 259396 | SH |  | DFND |  | 259396 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 155570631 | 961559 | SH |  | DFND |  | 961559 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 2557212 | 19600 | SH |  | DFND |  | 19600 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 132271 | 10051 | SH |  | DFND |  | 10051 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 2517941 | 22542 | SH |  | DFND |  | 22542 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 2149477 | 16747 | SH |  | DFND |  | 16747 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 13137195 | 48171 | SH |  | DFND |  | 48171 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 59090379 | 486661 | SH |  | DFND |  | 486661 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 305010 | 4026 | SH |  | DFND |  | 4026 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 5425874 | 66920 | SH |  | DFND |  | 66920 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1160315 | 6492 | SH |  | DFND |  | 6492 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 1091292 | 8715 | SH |  | DFND |  | 8715 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 1968230 | 11098 | SH |  | DFND |  | 11098 | 0 | 0 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 9560259 | 378100 | SH |  | DFND |  | 378100 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 3140560 | 37000 | SH |  | DFND |  | 37000 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2648781 | 12340 | SH |  | DFND |  | 12340 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 434488254 | 1787282 | SH |  | DFND |  | 1787282 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 379483049 | 1558132 | SH |  | DFND |  | 1558132 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 14210167 | 215110 | SH |  | DFND |  | 215110 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 345345624 | 1572827 | SH |  | DFND |  | 1572827 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 60266925 | 1734300 | SH |  | DFND |  | 1734300 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 9983733 | 30057 | SH |  | DFND |  | 30057 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 2037720 | 25945 | SH |  | DFND |  | 25945 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 11641899 | 60534 | SH |  | DFND |  | 60534 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 2168869 | 4415 | SH |  | DFND |  | 4415 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 17306716 | 92057 | SH |  | DFND |  | 92057 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 16351830 | 132136 | SH |  | DFND |  | 132136 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 37679815 | 153357 | SH |  | DFND |  | 153357 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 6426740 | 191500 | SH |  | DFND |  | 191500 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 1470494 | 60564 | SH |  | DFND |  | 60564 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 26578935 | 1174500 | SH |  | DFND |  | 1174500 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1285546407 | 5048684 | SH |  | DFND |  | 5048684 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 30774350 | 42829 | SH |  | DFND |  | 42829 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 507908 | 3800 | SH |  | DFND |  | 3800 | 0 | 0 |
| ARAMARK | COM | 03852U106 |  | 3733325 | 97222 | SH |  | DFND |  | 97222 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 1579246 | 17406 | SH |  | DFND |  | 17406 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 46811086 | 321262 | SH |  | DFND |  | 321262 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 1056223 | 7465 | SH |  | DFND |  | 7465 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 3273367 | 16700 | SH |  | DFND |  | 16700 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 4310905 | 4453 | SH |  | DFND |  | 4453 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 511826 | 2363 | SH |  | DFND |  | 2363 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 26844180 | 137100 | SH |  | DFND |  | 137100 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 247038 | 3220 | SH |  | DFND |  | 3220 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 26279551 | 930579 | SH |  | DFND |  | 930579 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 23874347 | 293513 | SH |  | DFND |  | 293513 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 16146469 | 101105 | SH |  | DFND |  | 101105 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 15841568 | 49868 | SH |  | DFND |  | 49868 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 80268435 | 273487 | SH |  | DFND |  | 273487 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 17002221 | 3963 | SH |  | DFND |  | 3963 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1634836 | 10081 | SH |  | DFND |  | 10081 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 166195125 | 1035000 | SH |  | DFND |  | 1035000 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 1270223 | 1770 | SH |  | DFND |  | 1770 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 1004389 | 20624 | SH |  | DFND |  | 20624 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 307637619 | 5963125 | SH |  | DFND |  | 5963125 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 826353 | 7584 | SH |  | DFND |  | 7584 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 7453635 | 227453 | SH |  | DFND |  | 227453 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 32250000 | 5000000 | SH |  | DFND |  | 5000000 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 23256730 | 639800 | SH |  | DFND |  | 639800 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1075208 | 14033 | SH |  | DFND |  | 14033 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5587452 | 11114 | SH |  | DFND |  | 11114 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 40470841 | 535187 | SH |  | DFND |  | 535187 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 26485000 | 500000 | SH |  | DFND |  | 500000 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 1127398 | 20266 | SH |  | DFND |  | 20266 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 6697458 | 509700 | SH |  | DFND |  | 509700 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 5897571 | 34519 | SH |  | DFND |  | 34519 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 1860013 | 25737 | SH |  | DFND |  | 25737 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 7670382 | 35539 | SH |  | DFND |  | 35539 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 99324971 | 18396 | SH |  | DFND |  | 18396 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 2388805 | 23900 | SH |  | DFND |  | 23900 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 3635492 | 82700 | SH |  | DFND |  | 82700 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 24143508 | 247296 | SH |  | DFND |  | 247296 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 |  | 3354260 | 38800 | SH |  | DFND |  | 38800 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 1053129 | 9700 | SH |  | DFND |  | 9700 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 43437298 | 963133 | SH |  | DFND |  | 963133 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 10761984 | 388800 | SH |  | DFND |  | 388800 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 888499426 | 2693157 | SH |  | DFND |  | 2693157 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 14919445 | 62642 | SH |  | DFND |  | 62642 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 1286893 | 13721 | SH |  | DFND |  | 13721 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 528646 | 1505 | SH |  | DFND |  | 1505 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 16211054 | 599854 | SH |  | DFND |  | 599854 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 404056 | 3784 | SH |  | DFND |  | 3784 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 6366346 | 29948 | SH |  | DFND |  | 29948 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 478080 | 24000 | SH |  | DFND |  | 24000 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 81316267 | 518070 | SH |  | DFND |  | 518070 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 11445445 | 191716 | SH |  | DFND |  | 191716 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 37201954 | 77967 | SH |  | DFND |  | 77967 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 1201235 | 4898 | SH |  | DFND |  | 4898 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 35673317 | 226411 | SH |  | DFND |  | 226411 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 4286543 | 26912 | SH |  | DFND |  | 26912 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 12055920 | 286500 | SH |  | DFND |  | 286500 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 1011824 | 17600 | SH |  | DFND |  | 17600 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 52681307 | 168564 | SH |  | DFND |  | 168564 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 974671 | 27317 | SH |  | DFND |  | 27317 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 995399 | 6362 | SH |  | DFND |  | 6362 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 5798113 | 21076 | SH |  | DFND |  | 21076 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 761158 | 1700 | SH |  | DFND |  | 1700 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 169198083 | 1089562 | SH |  | DFND |  | 1089562 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 9876860 | 252025 | SH |  | DFND |  | 252025 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 4900707 | 17363 | SH |  | DFND |  | 17363 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 4918407 | 50700 | SH |  | DFND |  | 50700 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 1157766 | 7323 | SH |  | DFND |  | 7323 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 77259043 | 376396 | SH |  | DFND |  | 376396 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 4272389 | 34100 | SH |  | DFND |  | 34100 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 65964543 | 964112 | SH |  | DFND |  | 964112 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 8750315 | 86210 | SH |  | DFND |  | 86210 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1086325 | 20435 | SH |  | DFND |  | 20435 | 0 | 0 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 3207363 | 119100 | SH |  | DFND |  | 119100 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 2083893 | 16901 | SH |  | DFND |  | 16901 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 4780201 | 17692 | SH |  | DFND |  | 17692 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 46827572 | 639197 | SH |  | DFND |  | 639197 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 61730988 | 930805 | SH |  | DFND |  | 930805 | 0 | 0 |
| COCA COLA CONS INC | COM | 191098102 |  | 937280 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 633774 | 7010 | SH |  | DFND |  | 7010 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 161920260 | 2414198 | SH |  | DFND |  | 2414198 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 874437 | 2591 | SH |  | DFND |  | 2591 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 14199982 | 177633 | SH |  | DFND |  | 177633 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 24597838 | 782872 | SH |  | DFND |  | 782872 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1228157 | 12984 | SH |  | DFND |  | 12984 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 4692977 | 46687 | SH |  | DFND |  | 46687 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 545927 | 1659 | SH |  | DFND |  | 1659 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 1768300 | 25792 | SH |  | DFND |  | 25792 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 7449415 | 165653 | SH |  | DFND |  | 165653 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 11400037 | 138974 | SH |  | DFND |  | 138974 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 3240627 | 47917 | SH |  | DFND |  | 47917 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 10803747 | 128052 | SH |  | DFND |  | 128052 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 86605645 | 93564 | SH |  | DFND |  | 93564 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 8642480 | 268400 | SH |  | DFND |  | 268400 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 66112860 | 551400 | SH |  | DFND |  | 551400 | 0 | 0 |
| CROSSAMERICA PARTNERS LP | UT LTD PTN INT | 22758A105 |  | 273390 | 13000 | SH |  | DFND |  | 13000 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 45879462 | 93559 | SH |  | DFND |  | 93559 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 42580651 | 441296 | SH |  | DFND |  | 441296 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 4188262 | 117946 | SH |  | DFND |  | 117946 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 13858804 | 32812 | SH |  | DFND |  | 32812 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 1140174 | 2100 | SH |  | DFND |  | 2100 | 0 | 0 |
| CVR PARTNERS LP | COM | 126633205 |  | 1757340 | 19500 | SH |  | DFND |  | 19500 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 10794114 | 143177 | SH |  | DFND |  | 143177 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 6580181 | 38828 | SH |  | DFND |  | 38828 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 69586484 | 350986 | SH |  | DFND |  | 350986 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 670134 | 4706 | SH |  | DFND |  | 4706 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 341210 | 2568 | SH |  | DFND |  | 2568 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 10445190 | 22843 | SH |  | DFND |  | 22843 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 393000 | 300000 | SH |  | DFND |  | 300000 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2877199 | 82065 | SH |  | DFND |  | 82065 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 33977413 | 504940 | SH |  | DFND |  | 504940 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 272462 | 1904 | SH |  | DFND |  | 1904 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 4225879 | 24444 | SH |  | DFND |  | 24444 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 69664434 | 608423 | SH |  | DFND |  | 608423 | 0 | 0 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 882000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 904625 | 12500 | SH |  | DFND |  | 12500 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2940308 | 28450 | SH |  | DFND |  | 28450 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 16013740 | 169691 | SH |  | DFND |  | 169691 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 20220433 | 46838 | SH |  | DFND |  | 46838 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 14586552 | 53629 | SH |  | DFND |  | 53629 | 0 | 0 |
| DORCHESTER MINERALS LP | COM UNIT | 25820R105 |  | 2462139 | 95100 | SH |  | DFND |  | 95100 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 997934 | 83300 | SH |  | DFND |  | 83300 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 2957562 | 17728 | SH |  | DFND |  | 17728 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 10838227 | 139130 | SH |  | DFND |  | 139130 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 22527136 | 430400 | SH |  | DFND |  | 430400 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 9037106 | 32999 | SH |  | DFND |  | 32999 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 18413602 | 333097 | SH |  | DFND |  | 333097 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 4144985 | 53298 | SH |  | DFND |  | 53298 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 31185259 | 369100 | SH |  | DFND |  | 369100 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 8513555 | 42209 | SH |  | DFND |  | 42209 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 9406023 | 29110 | SH |  | DFND |  | 29110 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 124920649 | 163723 | SH |  | DFND |  | 163723 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 3758888 | 5787 | SH |  | DFND |  | 5787 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 1041564 | 8200 | SH |  | DFND |  | 8200 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 292523 | 3139 | SH |  | DFND |  | 3139 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 2532118 | 22584 | SH |  | DFND |  | 22584 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 1085688 | 7200 | SH |  | DFND |  | 7200 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 4391195 | 80676 | SH |  | DFND |  | 80676 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 9909552 | 12652 | SH |  | DFND |  | 12652 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 513115 | 7927 | SH |  | DFND |  | 7927 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 378610 | 1190 | SH |  | DFND |  | 1190 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 |  | 1988972 | 17800 | SH |  | DFND |  | 17800 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 2228537 | 8326 | SH |  | DFND |  | 8326 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 4776628 | 71948 | SH |  | DFND |  | 71948 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 687852 | 1964 | SH |  | DFND |  | 1964 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 2261899 | 29754 | SH |  | DFND |  | 29754 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 7113245 | 158037 | SH |  | DFND |  | 158037 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 9177755 | 86387 | SH |  | DFND |  | 86387 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 3265886 | 15279 | SH |  | DFND |  | 15279 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 3867253 | 27439 | SH |  | DFND |  | 27439 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 70460745 | 624929 | SH |  | DFND |  | 624929 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 342397 | 6982 | SH |  | DFND |  | 6982 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 1028094 | 10148 | SH |  | DFND |  | 10148 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 10410776 | 44149 | SH |  | DFND |  | 44149 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1613090 | 24463 | SH |  | DFND |  | 24463 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1380872 | 30996 | SH |  | DFND |  | 30996 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 3190581 | 266771 | SH |  | DFND |  | 266771 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 10774600 | 128147 | SH |  | DFND |  | 128147 | 0 | 0 |
| FORTREA HLDGS INC | COMMON STOCK | 34965K107 |  | 2004802 | 238100 | SH |  | DFND |  | 238100 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 31010332 | 541287 | SH |  | DFND |  | 541287 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 331823 | 14346 | SH |  | DFND |  | 14346 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 9409349 | 239912 | SH |  | DFND |  | 239912 | 0 | 0 |
| FRESHPET INC | COM | 358039105 |  | 6354183 | 115300 | SH |  | DFND |  | 115300 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 8792190 | 235400 | SH |  | DFND |  | 235400 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 1668600 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 |  | 3976590 | 24600 | SH |  | DFND |  | 24600 | 0 | 0 |
| FUNKO INC | COM CL A | 361008105 |  | 2064000 | 600000 | SH |  | DFND |  | 600000 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 3718738 | 12006 | SH |  | DFND |  | 12006 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 1668420 | 78000 | SH |  | DFND |  | 78000 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 5208045 | 21152 | SH |  | DFND |  | 21152 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 22867324 | 86991 | SH |  | DFND |  | 86991 | 0 | 0 |
| GCI LIBERTY INC | COM SER C | 36164V800 |  | 1929095 | 51760 | SH |  | DFND |  | 51760 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 31375225 | 104299 | SH |  | DFND |  | 104299 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 82515276 | 134193 | SH |  | DFND |  | 134193 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 11129899 | 32639 | SH |  | DFND |  | 32639 | 0 | 0 |
| GENESCO INC | COM | 371532102 |  | 6087900 | 210000 | SH |  | DFND |  | 210000 | 0 | 0 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 39699618 | 2375800 | SH |  | DFND |  | 2375800 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 4818845 | 34768 | SH |  | DFND |  | 34768 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 20725032 | 186712 | SH |  | DFND |  | 186712 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 37440720 | 1047000 | SH |  | DFND |  | 1047000 | 0 | 0 |
| GLOBAL PARTNERS LP | COM UNITS | 37946R109 |  | 1296000 | 27000 | SH |  | DFND |  | 27000 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 8657494 | 150880 | SH |  | DFND |  | 150880 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 542428 | 3794 | SH |  | DFND |  | 3794 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 25751132 | 188198 | SH |  | DFND |  | 188198 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 12474823 | 15665 | SH |  | DFND |  | 15665 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 11139149 | 11689 | SH |  | DFND |  | 11689 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 645037 | 26221 | SH |  | DFND |  | 26221 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 6651938 | 90700 | SH |  | DFND |  | 90700 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1756346 | 13167 | SH |  | DFND |  | 13167 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 8439526 | 111266 | SH |  | DFND |  | 111266 | 0 | 0 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 1000944 | 66200 | SH |  | DFND |  | 66200 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1025011 | 2405 | SH |  | DFND |  | 2405 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 422085 | 22041 | SH |  | DFND |  | 22041 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 7301684 | 39036 | SH |  | DFND |  | 39036 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 13600000 | 2000000 | SH |  | DFND |  | 2000000 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 3765950 | 109000 | SH |  | DFND |  | 109000 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 10777296 | 438815 | SH |  | DFND |  | 438815 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 1940607 | 28754 | SH |  | DFND |  | 28754 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 176843150 | 436445 | SH |  | DFND |  | 436445 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 301821409 | 1433014 | SH |  | DFND |  | 1433014 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 1406890 | 82661 | SH |  | DFND |  | 82661 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 4640232 | 22600 | SH |  | DFND |  | 22600 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 4045123 | 15548 | SH |  | DFND |  | 15548 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 2681522 | 19986 | SH |  | DFND |  | 19986 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 1460567 | 5073 | SH |  | DFND |  | 5073 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 26214471 | 184700 | SH |  | DFND |  | 184700 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 886554 | 5447 | SH |  | DFND |  | 5447 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 214667 | 336 | SH |  | DFND |  | 336 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 21757356 | 875900 | SH |  | DFND |  | 875900 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 483905 | 5857 | SH |  | DFND |  | 5857 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 53787735 | 373500 | SH |  | DFND |  | 373500 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 1001700 | 13500 | SH |  | DFND |  | 13500 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 5341029 | 17300 | SH |  | DFND |  | 17300 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 96900385 | 2888238 | SH |  | DFND |  | 2888238 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 712390 | 10353 | SH |  | DFND |  | 10353 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 4516443 | 26807 | SH |  | DFND |  | 26807 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 64572880 | 228852 | SH |  | DFND |  | 228852 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 12395585 | 444127 | SH |  | DFND |  | 444127 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 38039453 | 55702 | SH |  | DFND |  | 55702 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 92967042 | 207873 | SH |  | DFND |  | 207873 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 479102 | 20885 | SH |  | DFND |  | 20885 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 37444477 | 62369 | SH |  | DFND |  | 62369 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 2138392 | 72908 | SH |  | DFND |  | 72908 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 1763970 | 17304 | SH |  | DFND |  | 17304 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 3751395 | 17274 | SH |  | DFND |  | 17274 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 1416627 | 9453 | SH |  | DFND |  | 9453 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 4920000 | 1000000 | SH |  | DFND |  | 1000000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 177860056 | 959228 | SH |  | DFND |  | 959228 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 9075603 | 82543 | SH |  | DFND |  | 82543 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 160748175 | 509616 | SH |  | DFND |  | 509616 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 56695341 | 691238 | SH |  | DFND |  | 691238 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 11330017 | 698091 | SH |  | DFND |  | 698091 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 11142181 | 436777 | SH |  | DFND |  | 436777 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 826453 | 44219 | SH |  | DFND |  | 44219 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 7302910 | 41750 | SH |  | DFND |  | 41750 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1008397 | 8110 | SH |  | DFND |  | 8110 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 242011 | 11076 | SH |  | DFND |  | 11076 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 4945304 | 174684 | SH |  | DFND |  | 174684 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 4202193 | 32337 | SH |  | DFND |  | 32337 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2748273 | 2548 | SH |  | DFND |  | 2548 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 2734092 | 69200 | SH |  | DFND |  | 69200 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 1997561 | 29633 | SH |  | DFND |  | 29633 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 9187739 | 305952 | SH |  | DFND |  | 305952 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 7386952 | 24187 | SH |  | DFND |  | 24187 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 91050393 | 679988 | SH |  | DFND |  | 679988 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 2658845 | 30173 | SH |  | DFND |  | 30173 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 3134091 | 16586 | SH |  | DFND |  | 16586 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 33028092 | 519800 | SH |  | DFND |  | 519800 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 11666280 | 1018000 | SH |  | DFND |  | 1018000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S A | 531229748 |  | 4648990 | 49300 | SH |  | DFND |  | 49300 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 5875800 | 70000 | SH |  | DFND |  | 70000 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 6886236 | 29200 | SH |  | DFND |  | 29200 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 243671200 | 512992 | SH |  | DFND |  | 512992 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 13259018 | 26560 | SH |  | DFND |  | 26560 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 799707 | 7966 | SH |  | DFND |  | 7966 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1596321 | 6352 | SH |  | DFND |  | 6352 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 375610 | 2111 | SH |  | DFND |  | 2111 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 35799265 | 1626500 | SH |  | DFND |  | 1626500 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 1446183 | 7318 | SH |  | DFND |  | 7318 | 0 | 0 |
| MACH NATURAL RESOURCES LP | COM UNIT LTD PAR | 55445L100 |  | 10899860 | 827000 | SH |  | DFND |  | 827000 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 10638915 | 85460 | SH |  | DFND |  | 85460 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 1293900 | 5700 | SH |  | DFND |  | 5700 | 0 | 0 |
| MAGNERA CORP | COM SHS | 55939A107 |  | 1289200 | 110000 | SH |  | DFND |  | 110000 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 11803783 | 61242 | SH |  | DFND |  | 61242 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 2387225 | 13700 | SH |  | DFND |  | 13700 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 328415 | 1261 | SH |  | DFND |  | 1261 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 4639624 | 23022 | SH |  | DFND |  | 23022 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 12668340 | 150688 | SH |  | DFND |  | 150688 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1905176 | 27066 | SH |  | DFND |  | 27066 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 3069040 | 20800 | SH |  | DFND |  | 20800 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 762808907 | 1341061 | SH |  | DFND |  | 1341061 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 1102231 | 31207 | SH |  | DFND |  | 31207 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 87157171 | 286805 | SH |  | DFND |  | 286805 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 37220977 | 48180 | SH |  | DFND |  | 48180 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 6206913 | 2656 | SH |  | DFND |  | 2656 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 71838289 | 855931 | SH |  | DFND |  | 855931 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 271057455 | 369097 | SH |  | DFND |  | 369097 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 2527441 | 30684 | SH |  | DFND |  | 30684 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 914712 | 26391 | SH |  | DFND |  | 26391 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 24246261 | 377550 | SH |  | DFND |  | 377550 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 106501857 | 636516 | SH |  | DFND |  | 636516 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1671938974 | 3227993 | SH |  | DFND |  | 3227993 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 2114814 | 15135 | SH |  | DFND |  | 15135 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1340860 | 7007 | SH |  | DFND |  | 7007 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 435228 | 6967 | SH |  | DFND |  | 6967 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 45005721 | 145002 | SH |  | DFND |  | 145002 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 5343943 | 79393 | SH |  | DFND |  | 79393 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 3442568 | 7225 | SH |  | DFND |  | 7225 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 9031312 | 56815 | SH |  | DFND |  | 56815 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 27857958 | 803286 | SH |  | DFND |  | 803286 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 29924143 | 65438 | SH |  | DFND |  | 65438 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 214999785 | 4304300 | SH |  | DFND |  | 4304300 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 |  | 619452 | 3600 | SH |  | DFND |  | 3600 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 2055726 | 3623 | SH |  | DFND |  | 3623 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 6248598 | 61800 | SH |  | DFND |  | 61800 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 1877617 | 21228 | SH |  | DFND |  | 21228 | 0 | 0 |
| NATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 63900P608 |  | 17052000 | 162400 | SH |  | DFND |  | 162400 | 0 | 0 |
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 |  | 4351830 | 96600 | SH |  | DFND |  | 96600 | 0 | 0 |
| NEOGEN CORP | COM | 640491106 |  | 80287739 | 14060900 | SH |  | DFND |  | 14060900 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 150442879 | 125482 | SH |  | DFND |  | 125482 | 0 | 0 |
| NEWS CORP NEW | CL A | 65249B109 |  | 6411265 | 208768 | SH |  | DFND |  | 208768 | 0 | 0 |
| NEWS CORP NEW | CL B | 65249B208 |  | 555771 | 16086 | SH |  | DFND |  | 16086 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 5446353 | 27543 | SH |  | DFND |  | 27543 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 29517194 | 391008 | SH |  | DFND |  | 391008 | 0 | 0 |
| NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 |  | 29590818 | 4931803 | SH |  | DFND |  | 4931803 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 21351465 | 306202 | SH |  | DFND |  | 306202 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 1556650 | 6859 | SH |  | DFND |  | 6859 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 8713092 | 29004 | SH |  | DFND |  | 29004 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 1205478 | 8956 | SH |  | DFND |  | 8956 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 10602168 | 17400 | SH |  | DFND |  | 17400 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 1439008 | 58425 | SH |  | DFND |  | 58425 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 11904297 | 73506 | SH |  | DFND |  | 73506 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 4018614 | 29673 | SH |  | DFND |  | 29673 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1746524817 | 9360729 | SH |  | DFND |  | 9360729 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 570461 | 71 | SH |  | DFND |  | 71 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 23877491 | 104850 | SH |  | DFND |  | 104850 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 210452 | 4454 | SH |  | DFND |  | 4454 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 2044830 | 14525 | SH |  | DFND |  | 14525 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 6273892 | 148600 | SH |  | DFND |  | 148600 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 12521418 | 96900 | SH |  | DFND |  | 96900 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 76284100 | 271242 | SH |  | DFND |  | 271242 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 22367880 | 207475 | SH |  | DFND |  | 207475 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 5771650 | 44500 | SH |  | DFND |  | 44500 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 8296175 | 90738 | SH |  | DFND |  | 90738 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 4472773 | 45492 | SH |  | DFND |  | 45492 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 11163246 | 51224 | SH |  | DFND |  | 51224 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 199988141 | 1096306 | SH |  | DFND |  | 1096306 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 755173 | 39914 | SH |  | DFND |  | 39914 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 3710692 | 334900 | SH |  | DFND |  | 334900 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 26398025 | 34819 | SH |  | DFND |  | 34819 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 14752963 | 116385 | SH |  | DFND |  | 116385 | 0 | 0 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 1465284 | 9200 | SH |  | DFND |  | 9200 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 3233432 | 48217 | SH |  | DFND |  | 48217 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 527490 | 3991 | SH |  | DFND |  | 3991 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 5789556 | 300600 | SH |  | DFND |  | 300600 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 313364053 | 2231302 | SH |  | DFND |  | 2231302 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 19673465 | 772114 | SH |  | DFND |  | 772114 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 108662484 | 669929 | SH |  | DFND |  | 669929 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 2722167 | 30361 | SH |  | DFND |  | 30361 | 0 | 0 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 7071736 | 414400 | SH |  | DFND |  | 414400 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 792205 | 9555 | SH |  | DFND |  | 9555 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 57271040 | 372737 | SH |  | DFND |  | 372737 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 235096 | 952 | SH |  | DFND |  | 952 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 13529736 | 118143 | SH |  | DFND |  | 118143 | 0 | 0 |
| PROS HOLDINGS INC | COM | 74346Y103 |  | 4582000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1710050 | 16484 | SH |  | DFND |  | 16484 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 3008084 | 10414 | SH |  | DFND |  | 10414 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 3925548 | 43100 | SH |  | DFND |  | 43100 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 93957633 | 564785 | SH |  | DFND |  | 564785 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 5620778 | 13563 | SH |  | DFND |  | 13563 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 3172776 | 16648 | SH |  | DFND |  | 16648 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 5351109 | 122367 | SH |  | DFND |  | 122367 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 8020238 | 25578 | SH |  | DFND |  | 25578 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 1434306 | 8310 | SH |  | DFND |  | 8310 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 61218271 | 108877 | SH |  | DFND |  | 108877 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 10173996 | 44335 | SH |  | DFND |  | 44335 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 7500570 | 510938 | SH |  | DFND |  | 510938 | 0 | 0 |
| ROBERT HALF INC. | COM | 770323103 |  | 2779564 | 81800 | SH |  | DFND |  | 81800 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 5189559 | 36245 | SH |  | DFND |  | 36245 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 32164344 | 232200 | SH |  | DFND |  | 232200 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 5080419 | 14535 | SH |  | DFND |  | 14535 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 59218939 | 118749 | SH |  | DFND |  | 118749 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 18668537 | 122505 | SH |  | DFND |  | 122505 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 28955118 | 173042 | SH |  | DFND |  | 173042 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 3421600 | 41600 | SH |  | DFND |  | 41600 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 4684497 | 24833 | SH |  | DFND |  | 24833 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 7123001 | 14635 | SH |  | DFND |  | 14635 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 137563569 | 580437 | SH |  | DFND |  | 580437 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 11444400 | 102000 | SH |  | DFND |  | 102000 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 4640216 | 240800 | SH |  | DFND |  | 240800 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 2684085 | 13882 | SH |  | DFND |  | 13882 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 6665202 | 193925 | SH |  | DFND |  | 193925 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 14127364 | 147977 | SH |  | DFND |  | 147977 | 0 | 0 |
| SEADRILL LTD | COM | G7997W102 |  | 13126638 | 434513 | SH |  | DFND |  | 434513 | 0 | 0 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 218941206 | 1419576 | SH |  | DFND |  | 1419576 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 22955464 | 24944 | SH |  | DFND |  | 24944 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1944250 | 5615 | SH |  | DFND |  | 5615 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 8102514 | 54522 | SH |  | DFND |  | 54522 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2103405 | 11208 | SH |  | DFND |  | 11208 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 13925088 | 612900 | SH |  | DFND |  | 612900 | 0 | 0 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 7736660 | 329500 | SH |  | DFND |  | 329500 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 19202543 | 176819 | SH |  | DFND |  | 176819 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 3895336 | 90400 | SH |  | DFND |  | 90400 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 6349919 | 52323 | SH |  | DFND |  | 52323 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 3491273 | 109410 | SH |  | DFND |  | 109410 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 643207 | 1387 | SH |  | DFND |  | 1387 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 197281213 | 296138 | SH |  | DFND |  | 296138 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 44115940 | 1142900 | SH |  | DFND |  | 1142900 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 3976952 | 53504 | SH |  | DFND |  | 53504 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 525789 | 6215 | SH |  | DFND |  | 6215 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1541193 | 13285 | SH |  | DFND |  | 13285 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 500275 | 3588 | SH |  | DFND |  | 3588 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 1384334 | 12200 | SH |  | DFND |  | 12200 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 718206 | 2229 | SH |  | DFND |  | 2229 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 18550410 | 50181 | SH |  | DFND |  | 50181 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 2200700 | 118000 | SH |  | DFND |  | 118000 | 0 | 0 |
| SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 |  | 4655931 | 93100 | SH |  | DFND |  | 93100 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 1064747 | 22210 | SH |  | DFND |  | 22210 | 0 | 0 |
| SYLVAMO CORP | COMMON STOCK | 871332102 |  | 5306444 | 120001 | SH |  | DFND |  | 120001 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1237904 | 17423 | SH |  | DFND |  | 17423 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 5543237 | 11235 | SH |  | DFND |  | 11235 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 5662605 | 20275 | SH |  | DFND |  | 20275 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 405367 | 1569 | SH |  | DFND |  | 1569 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 8227471 | 72668 | SH |  | DFND |  | 72668 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 7542483 | 45019 | SH |  | DFND |  | 45019 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 43114668 | 1092894 | SH |  | DFND |  | 1092894 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 283643 | 484 | SH |  | DFND |  | 484 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 2700432 | 13300 | SH |  | DFND |  | 13300 | 0 | 0 |
| TERADATA CORP DEL | COM | 88076W103 |  | 5687244 | 264400 | SH |  | DFND |  | 264400 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 364073141 | 818657 | SH |  | DFND |  | 818657 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 48512620 | 264043 | SH |  | DFND |  | 264043 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 1395660 | 8400 | SH |  | DFND |  | 8400 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 1946481 | 23038 | SH |  | DFND |  | 23038 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 10004581 | 34708 | SH |  | DFND |  | 34708 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 11818124 | 241137 | SH |  | DFND |  | 241137 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 15528400 | 32016 | SH |  | DFND |  | 32016 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 3666875 | 23607 | SH |  | DFND |  | 23607 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 54278094 | 375523 | SH |  | DFND |  | 375523 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 51818828 | 216471 | SH |  | DFND |  | 216471 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 3646896 | 26400 | SH |  | DFND |  | 26400 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 7856220 | 103100 | SH |  | DFND |  | 103100 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 40114049 | 95066 | SH |  | DFND |  | 95066 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 7888350 | 5985 | SH |  | DFND |  | 5985 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 3747870 | 63000 | SH |  | DFND |  | 63000 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 4239118 | 15182 | SH |  | DFND |  | 15182 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 2969121 | 36364 | SH |  | DFND |  | 36364 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2752070 | 60194 | SH |  | DFND |  | 60194 | 0 | 0 |
| TXO PARTNERS LP | COM UNIT | 87313P103 |  | 5676200 | 404000 | SH |  | DFND |  | 404000 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 2396259 | 44130 | SH |  | DFND |  | 44130 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 33687670 | 343857 | SH |  | DFND |  | 343857 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 6261840 | 468000 | SH |  | DFND |  | 468000 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 7333558 | 13413 | SH |  | DFND |  | 13413 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 27198387 | 115067 | SH |  | DFND |  | 115067 | 0 | 0 |
| UNITED PARKS  RESORTS | COM | 81282V100 |  | 18095000 | 350000 | SH |  | DFND |  | 350000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 303582 | 318 | SH |  | DFND |  | 318 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 42114860 | 121966 | SH |  | DFND |  | 121966 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 1490368 | 7290 | SH |  | DFND |  | 7290 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 3529927 | 73038 | SH |  | DFND |  | 73038 | 0 | 0 |
| USA COMPRESSION PARTNERS LP | COMUNIT LTDPAR | 90290N109 |  | 5157600 | 214900 | SH |  | DFND |  | 214900 | 0 | 0 |
| VERA BRADLEY INC | COM | 92335C106 |  | 201000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 17034252 | 159781 | SH |  | DFND |  | 159781 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 7036218 | 25168 | SH |  | DFND |  | 25168 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 21901994 | 87082 | SH |  | DFND |  | 87082 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 326724 | 7434 | SH |  | DFND |  | 7434 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 4695372 | 11989 | SH |  | DFND |  | 11989 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 1286208 | 129920 | SH |  | DFND |  | 129920 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 2064017 | 63294 | SH |  | DFND |  | 63294 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 23894304 | 384400 | SH |  | DFND |  | 384400 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 5147406 | 26273 | SH |  | DFND |  | 26273 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 8945897 | 29081 | SH |  | DFND |  | 29081 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 11988106 | 59800 | SH |  | DFND |  | 59800 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 76140831 | 738801 | SH |  | DFND |  | 738801 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 5684382 | 291059 | SH |  | DFND |  | 291059 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 17099971 | 77435 | SH |  | DFND |  | 77435 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 4948882 | 55400 | SH |  | DFND |  | 55400 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 11127021 | 132749 | SH |  | DFND |  | 132749 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 6735830 | 37812 | SH |  | DFND |  | 37812 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 8508411 | 32434 | SH |  | DFND |  | 32434 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 8626191 | 71849 | SH |  | DFND |  | 71849 | 0 | 0 |
| WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 |  | 1112470 | 53000 | SH |  | DFND |  | 53000 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 403432 | 16274 | SH |  | DFND |  | 16274 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 10001065 | 157870 | SH |  | DFND |  | 157870 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 12334042 | 51236 | SH |  | DFND |  | 51236 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 20340000 | 2000000 | SH |  | DFND |  | 2000000 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 4641383 | 31467 | SH |  | DFND |  | 31467 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 3130592 | 20596 | SH |  | DFND |  | 20596 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 1180617 | 3973 | SH |  | DFND |  | 3973 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 4578792 | 31293 | SH |  | DFND |  | 31293 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 346407 | 1156 | SH |  | DFND |  | 1156 | 0 | 0 |

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