# EDGAR Filing Document

**Accession Number:** 0001911284
**File Stem:** 0001911284-26-000001
**Filing Date:** 2026-2
**Character Count:** 24474
**Document Hash:** 1159c879bbf5bd887dec8f619f4c29fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001911284-26-000001.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001911284-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LGT Fund Management Co Ltd.
- **CENTRAL INDEX KEY:** 0001911284

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** N2

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22443
- **FILM NUMBER:** 26601018

**BUSINESS ADDRESS:**
- **STREET 1:** HERRENGASSE 12
- **CITY:** VADUZ
- **STATE:** N2
- **ZIP:** 9490
- **BUSINESS PHONE:** 004232352144

**MAIL ADDRESS:**
- **STREET 1:** HERRENGASSE 12
- **CITY:** VADUZ
- **STATE:** N2
- **ZIP:** 9490

### 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:** LGT Fund Management Co Ltd.<br>**Address:** HERRENGASSE 12<br>VADUZ, N2 9490

**Form 13F File Number:** 028-22443

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:** Martin Schoeffel<br>**Title:** Risk Manager<br>**Phone:** 004232351720

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

Martin Schoeffel  Vaduz, N2  02-05-2026<br>[Signature]  [City, State]  [Date]

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

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 218

**Form 13F Information Table Value Total:** $1265124823

      (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 |
| 3M CO | COM | 88579Y101 |  | 307351 | 1907 | SH |  | DFND | 1 | 0 | 0 | 1907 |
| ABBOTT LABS | COM | 002824100 |  | 16477180 | 131000 | SH |  | DFND | 1 | 0 | 0 | 131000 |
| ABBVIE INC | COM | 00287Y109 |  | 2291657 | 9975 | SH |  | DFND | 1 | 0 | 0 | 9975 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 1270080 | 4704 | SH |  | DFND | 1 | 0 | 0 | 4704 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 4628000 | 44500 | SH |  | DFND | 1 | 0 | 0 | 44500 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1057965 | 4913 | SH |  | DFND | 1 | 0 | 0 | 4913 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 10940803 | 75904 | SH |  | DFND | 1 | 0 | 0 | 75904 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 338545 | 2460 | SH |  | DFND | 1 | 0 | 0 | 2460 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 2408679 | 14050 | SH |  | DFND | 1 | 0 | 0 | 14050 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 3258525 | 188900 | SH |  | DFND | 1 | 0 | 0 | 188900 |
| ALCON AG | ORD SHS | H01301128 |  | 7019753 | 88033 | SH |  | DFND | 1 | 0 | 0 | 88033 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 913632 | 6200 | SH |  | DFND | 1 | 0 | 0 | 6200 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 5521880 | 287000 | SH |  | DFND | 1 | 0 | 0 | 287000 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 460903 | 20000 | SH |  | DFND | 1 | 0 | 0 | 20000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 33656850 | 107000 | SH |  | DFND | 1 | 0 | 0 | 107000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 47804377 | 152316 | SH |  | DFND | 1 | 0 | 0 | 152316 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3404964 | 58940 | SH |  | DFND | 1 | 0 | 0 | 58940 |
| AMAZON COM INC | COM | 023135106 |  | 62798447 | 270066 | SH |  | DFND | 1 | 0 | 0 | 270066 |
| AMCOR PLC | ORD | G0250X107 |  | 4333771 | 516540 | SH |  | DFND | 1 | 0 | 0 | 516540 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1171698 | 3138 | SH |  | DFND | 1 | 0 | 0 | 3138 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2500941 | 14152 | SH |  | DFND | 1 | 0 | 0 | 14152 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1891419 | 14424 | SH |  | DFND | 1 | 0 | 0 | 14424 |
| AMERICAS GOLD AND SILVER COR | COM NEW | 03062D803 |  | 531139 | 100000 | SH |  | DFND | 1 | 0 | 0 | 100000 |
| AMETEK INC | COM | 031100100 |  | 4381583 | 21164 | SH |  | DFND | 1 | 0 | 0 | 21164 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 299640 | 2200 | SH |  | DFND | 1 | 0 | 0 | 2200 |
| ANALOG DEVICES INC | COM | 032654105 |  | 519410 | 1890 | SH |  | DFND | 1 | 0 | 0 | 1890 |
| AON PLC | SHS CL A | G0403H108 |  | 1361079 | 3818 | SH |  | DFND | 1 | 0 | 0 | 3818 |
| APPLE INC | COM | 037833100 |  | 55700947 | 203973 | SH |  | DFND | 1 | 0 | 0 | 203973 |
| APPLIED MATLS INC | COM | 038222105 |  | 6855929 | 26372 | SH |  | DFND | 1 | 0 | 0 | 26372 |
| ARIS MNG CORP | COM | 04040Y109 |  | 820023 | 50000 | SH |  | DFND | 1 | 0 | 0 | 50000 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3046517 | 23003 | SH |  | DFND | 1 | 0 | 0 | 23003 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 3696515 | 39958 | SH |  | DFND | 1 | 0 | 0 | 39958 |
| AT INC | COM | 00206R102 |  | 3669399 | 147900 | SH |  | DFND | 1 | 0 | 0 | 147900 |
| AUTOZONE INC | COM | 053332102 |  | 2912814 | 857 | SH |  | DFND | 1 | 0 | 0 | 857 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 5418162 | 62450 | SH |  | DFND | 1 | 0 | 0 | 62450 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 373237 | 8098 | SH |  | DFND | 1 | 0 | 0 | 8098 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 3898500 | 1150000 | SH |  | DFND | 1 | 0 | 0 | 1150000 |
| BANK AMERICA CORP | COM | 060505104 |  | 8278125 | 149749 | SH |  | DFND | 1 | 0 | 0 | 149749 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1963416 | 16800 | SH |  | DFND | 1 | 0 | 0 | 16800 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 9820200 | 13 | SH |  | DFND | 1 | 0 | 0 | 13 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 40384949 | 80175 | SH |  | DFND | 1 | 0 | 0 | 80175 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 4961555 | 202100 | SH |  | DFND | 1 | 0 | 0 | 202100 |
| BIOGEN INC | COM | 09062X103 |  | 237964 | 1349 | SH |  | DFND | 1 | 0 | 0 | 1349 |
| BLACKROCK INC | COM | 09290D101 |  | 20357562 | 18792 | SH |  | DFND | 1 | 0 | 0 | 18792 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 13052296 | 2405 | SH |  | DFND | 1 | 0 | 0 | 2405 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 5697617 | 59344 | SH |  | DFND | 1 | 0 | 0 | 59344 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 425223 | 7844 | SH |  | DFND | 1 | 0 | 0 | 7844 |
| BROADCOM INC | COM | 11135F101 |  | 21807200 | 62333 | SH |  | DFND | 1 | 0 | 0 | 62333 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 12373471 | 267953 | SH |  | DFND | 1 | 0 | 0 | 267953 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 3050274 | 9665 | SH |  | DFND | 1 | 0 | 0 | 9665 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 3293268 | 40900 | SH |  | DFND | 1 | 0 | 0 | 40900 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 2046523 | 20640 | SH |  | DFND | 1 | 0 | 0 | 20640 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 5668483 | 76388 | SH |  | DFND | 1 | 0 | 0 | 76388 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 390352 | 1600 | SH |  | DFND | 1 | 0 | 0 | 1600 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 5870259 | 28330 | SH |  | DFND | 1 | 0 | 0 | 28330 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 2246400 | 4000 | SH |  | DFND | 1 | 0 | 0 | 4000 |
| CATERPILLAR INC | COM | 149123101 |  | 4635864 | 8029 | SH |  | DFND | 1 | 0 | 0 | 8029 |
| CENCORA INC | COM | 03073E105 |  | 4442283 | 13064 | SH |  | DFND | 1 | 0 | 0 | 13064 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 319176 | 1650 | SH |  | DFND | 1 | 0 | 0 | 1650 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1675258 | 10999 | SH |  | DFND | 1 | 0 | 0 | 10999 |
| CHUBB LIMITED | COM | H1467J104 |  | 9147443 | 29119 | SH |  | DFND | 1 | 0 | 0 | 29119 |
| CINTAS CORP | COM | 172908105 |  | 380700 | 2000 | SH |  | DFND | 1 | 0 | 0 | 2000 |
| CISCO SYS INC | COM | 17275R102 |  | 1311635 | 16944 | SH |  | DFND | 1 | 0 | 0 | 16944 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1352486 | 11539 | SH |  | DFND | 1 | 0 | 0 | 11539 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 4877692 | 138100 | SH |  | DFND | 1 | 0 | 0 | 138100 |
| CME GROUP INC | COM | 12572Q105 |  | 1084012 | 3930 | SH |  | DFND | 1 | 0 | 0 | 3930 |
| COCA COLA CO | COM | 191216100 |  | 23966252 | 342033 | SH |  | DFND | 1 | 0 | 0 | 342033 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 244096 | 3070 | SH |  | DFND | 1 | 0 | 0 | 3070 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5510214 | 58557 | SH |  | DFND | 1 | 0 | 0 | 58557 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 499450 | 5000 | SH |  | DFND | 1 | 0 | 0 | 5000 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3348000 | 9375 | SH |  | DFND | 1 | 0 | 0 | 9375 |
| CORNING INC | COM | 219350105 |  | 296615 | 3338 | SH |  | DFND | 1 | 0 | 0 | 3338 |
| COSTAR GROUP INC | COM | 22160N109 |  | 3428966 | 50530 | SH |  | DFND | 1 | 0 | 0 | 50530 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 653566 | 755 | SH |  | DFND | 1 | 0 | 0 | 755 |
| CRH PLC | ORD | G25508105 |  | 629050 | 5000 | SH |  | DFND | 1 | 0 | 0 | 5000 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 570756 | 1200 | SH |  | DFND | 1 | 0 | 0 | 1200 |
| D R HORTON INC | COM | 23331A109 |  | 335156 | 2303 | SH |  | DFND | 1 | 0 | 0 | 2303 |
| DANAHER CORPORATION | COM | 235851102 |  | 3800980 | 16478 | SH |  | DFND | 1 | 0 | 0 | 16478 |
| DEERE  CO | COM | 244199105 |  | 610922 | 1300 | SH |  | DFND | 1 | 0 | 0 | 1300 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 8124950 | 209156 | SH |  | DFND | 1 | 0 | 0 | 209156 |
| DISNEY WALT CO | COM | 254687106 |  | 715256 | 6231 | SH |  | DFND | 1 | 0 | 0 | 6231 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2693311 | 19830 | SH |  | DFND | 1 | 0 | 0 | 19830 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 4677780 | 39750 | SH |  | DFND | 1 | 0 | 0 | 39750 |
| EATON CORP PLC | SHS | G29183103 |  | 3921551 | 12222 | SH |  | DFND | 1 | 0 | 0 | 12222 |
| ECOLAB INC | COM | 278865100 |  | 235123 | 889 | SH |  | DFND | 1 | 0 | 0 | 889 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 5254323 | 15064 | SH |  | DFND | 1 | 0 | 0 | 15064 |
| ELI LILLY  CO | COM | 532457108 |  | 27576815 | 25540 | SH |  | DFND | 1 | 0 | 0 | 25540 |
| EMERSON ELEC CO | COM | 291011104 |  | 1817215 | 13432 | SH |  | DFND | 1 | 0 | 0 | 13432 |
| EOG RES INC | COM | 26875P101 |  | 3972816 | 37600 | SH |  | DFND | 1 | 0 | 0 | 37600 |
| EQUIFAX INC | COM | 294429105 |  | 3960393 | 17939 | SH |  | DFND | 1 | 0 | 0 | 17939 |
| EQUINIX INC | COM | 29444U700 |  | 212440 | 276 | SH |  | DFND | 1 | 0 | 0 | 276 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 1983939 | 140000 | SH |  | DFND | 1 | 0 | 0 | 140000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7202293 | 59528 | SH |  | DFND | 1 | 0 | 0 | 59528 |
| FAIR ISAAC CORP | COM | 303250104 |  | 261863 | 150 | SH |  | DFND | 1 | 0 | 0 | 150 |
| FASTENAL CO | COM | 311900104 |  | 3043752 | 74474 | SH |  | DFND | 1 | 0 | 0 | 74474 |
| FERRARI N V | COM | N3167Y103 |  | 2140643 | 5747 | SH |  | DFND | 1 | 0 | 0 | 5747 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 382533 | 5695 | SH |  | DFND | 1 | 0 | 0 | 5695 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 277528 | 5839 | SH |  | DFND | 1 | 0 | 0 | 5839 |
| FORTINET INC | COM | 34959E109 |  | 3565764 | 44400 | SH |  | DFND | 1 | 0 | 0 | 44400 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 355243 | 6910 | SH |  | DFND | 1 | 0 | 0 | 6910 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 401385 | 1533 | SH |  | DFND | 1 | 0 | 0 | 1533 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3238875 | 10388 | SH |  | DFND | 1 | 0 | 0 | 10388 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 519081 | 4214 | SH |  | DFND | 1 | 0 | 0 | 4214 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 5957600 | 88000 | SH |  | DFND | 1 | 0 | 0 | 88000 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 11339783 | 23961 | SH |  | DFND | 1 | 0 | 0 | 23961 |
| HEICO CORP NEW | COM | 422806109 |  | 1969560 | 6000 | SH |  | DFND | 1 | 0 | 0 | 6000 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 3886069 | 21057 | SH |  | DFND | 1 | 0 | 0 | 21057 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 1356599 | 4671 | SH |  | DFND | 1 | 0 | 0 | 4671 |
| HOME DEPOT INC | COM | 437076102 |  | 2397781 | 6923 | SH |  | DFND | 1 | 0 | 0 | 6923 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 344965 | 1660 | SH |  | DFND | 1 | 0 | 0 | 1660 |
| IDEXX LABS INC | COM | 45168D104 |  | 600442 | 880 | SH |  | DFND | 1 | 0 | 0 | 880 |
| IMMIX BIOPHARMA INC | COM | 45258H106 |  | 660000 | 125000 | SH |  | DFND | 1 | 0 | 0 | 125000 |
| INTEL CORP | COM | 458140100 |  | 1562124 | 41880 | SH |  | DFND | 1 | 0 | 0 | 41880 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 237250 | 3650 | SH |  | DFND | 1 | 0 | 0 | 3650 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 6043773 | 37042 | SH |  | DFND | 1 | 0 | 0 | 37042 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2397371 | 7937 | SH |  | DFND | 1 | 0 | 0 | 7937 |
| INTUIT | COM | 461202103 |  | 4129140 | 6164 | SH |  | DFND | 1 | 0 | 0 | 6164 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 3101937 | 5417 | SH |  | DFND | 1 | 0 | 0 | 5417 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2668932 | 12899 | SH |  | DFND | 1 | 0 | 0 | 12899 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 18433646 | 56996 | SH |  | DFND | 1 | 0 | 0 | 56996 |
| KINROSS GOLD CORP | COM | 496902404 |  | 5766290 | 202000 | SH |  | DFND | 1 | 0 | 0 | 202000 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4407061 | 25360 | SH |  | DFND | 1 | 0 | 0 | 25360 |
| LGI HOMES INC | COM | 50187T106 |  | 3583576 | 82628 | SH |  | DFND | 1 | 0 | 0 | 82628 |
| LOGITECH INTL S A | SHS | H50430232 |  | 599339 | 5833 | SH |  | DFND | 1 | 0 | 0 | 5833 |
| LOWES COS INC | COM | 548661107 |  | 380090 | 1563 | SH |  | DFND | 1 | 0 | 0 | 1563 |
| MARATHON PETE CORP | COM | 56585A102 |  | 238030 | 1453 | SH |  | DFND | 1 | 0 | 0 | 1453 |
| MARKEL GROUP INC | COM | 570535104 |  | 1667282 | 767 | SH |  | DFND | 1 | 0 | 0 | 767 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1255760 | 4000 | SH |  | DFND | 1 | 0 | 0 | 4000 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 652013 | 3480 | SH |  | DFND | 1 | 0 | 0 | 3480 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 11719316 | 20296 | SH |  | DFND | 1 | 0 | 0 | 20296 |
| MCDONALDS CORP | COM | 580135101 |  | 2461468 | 7991 | SH |  | DFND | 1 | 0 | 0 | 7991 |
| MCKESSON CORP | COM | 58155Q103 |  | 4263231 | 5153 | SH |  | DFND | 1 | 0 | 0 | 5153 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 5859155 | 10300 | SH |  | DFND | 1 | 0 | 0 | 10300 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2589328 | 26788 | SH |  | DFND | 1 | 0 | 0 | 26788 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 6885138 | 3407 | SH |  | DFND | 1 | 0 | 0 | 3407 |
| MERCK  CO INC | COM | 58933Y105 |  | 3091755 | 29151 | SH |  | DFND | 1 | 0 | 0 | 29151 |
| META PLATFORMS INC | CL A | 30303M102 |  | 42701380 | 64121 | SH |  | DFND | 1 | 0 | 0 | 64121 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3912756 | 13371 | SH |  | DFND | 1 | 0 | 0 | 13371 |
| MICROSOFT CORP | COM | 594918104 |  | 70649014 | 144927 | SH |  | DFND | 1 | 0 | 0 | 144927 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2833787 | 51702 | SH |  | DFND | 1 | 0 | 0 | 51702 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 2322300 | 30000 | SH |  | DFND | 1 | 0 | 0 | 30000 |
| MOODYS CORP | COM | 615369105 |  | 9510430 | 18440 | SH |  | DFND | 1 | 0 | 0 | 18440 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 440716 | 2461 | SH |  | DFND | 1 | 0 | 0 | 2461 |
| MSCI INC | COM | 55354G100 |  | 413398 | 710 | SH |  | DFND | 1 | 0 | 0 | 710 |
| NASDAQ INC | COM | 631103108 |  | 218941 | 2230 | SH |  | DFND | 1 | 0 | 0 | 2230 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 2092705 | 14900 | SH |  | DFND | 1 | 0 | 0 | 14900 |
| NETFLIX INC | COM | 64110L106 |  | 5157900 | 55000 | SH |  | DFND | 1 | 0 | 0 | 55000 |
| NEW FOUND GOLD CORP | COM | 64440N103 |  | 138031 | 45000 | SH |  | DFND | 1 | 0 | 0 | 45000 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 3846155 | 55142 | SH |  | DFND | 1 | 0 | 0 | 55142 |
| NEWMONT CORP | COM | 651639106 |  | 1980464 | 19443 | SH |  | DFND | 1 | 0 | 0 | 19443 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 3663310 | 45490 | SH |  | DFND | 1 | 0 | 0 | 45490 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 59497815 | 317254 | SH |  | DFND | 1 | 0 | 0 | 317254 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 469877 | 2136 | SH |  | DFND | 1 | 0 | 0 | 2136 |
| ORACLE CORP | COM | 68389X105 |  | 2465914 | 12504 | SH |  | DFND | 1 | 0 | 0 | 12504 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 5520306 | 60351 | SH |  | DFND | 1 | 0 | 0 | 60351 |
| OWENS CORNING NEW | COM | 690742101 |  | 611349 | 5403 | SH |  | DFND | 1 | 0 | 0 | 5403 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 20271170 | 108489 | SH |  | DFND | 1 | 0 | 0 | 108489 |
| PEPSICO INC | COM | 713448108 |  | 6109212 | 42378 | SH |  | DFND | 1 | 0 | 0 | 42378 |
| PFIZER INC | COM | 717081103 |  | 1093562 | 43760 | SH |  | DFND | 1 | 0 | 0 | 43760 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 7680965 | 47428 | SH |  | DFND | 1 | 0 | 0 | 47428 |
| PINTEREST INC | CL A | 72352L106 |  | 253897 | 9754 | SH |  | DFND | 1 | 0 | 0 | 9754 |
| POST HLDGS INC | COM | 737446104 |  | 6141022 | 61812 | SH |  | DFND | 1 | 0 | 0 | 61812 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 327613 | 4441 | SH |  | DFND | 1 | 0 | 0 | 4441 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 9255357 | 64251 | SH |  | DFND | 1 | 0 | 0 | 64251 |
| PROGRESSIVE CORP | COM | 743315103 |  | 4386218 | 19073 | SH |  | DFND | 1 | 0 | 0 | 19073 |
| PROLOGIS INC. | COM | 74340W103 |  | 3509717 | 27205 | SH |  | DFND | 1 | 0 | 0 | 27205 |
| QUALCOMM INC | COM | 747525103 |  | 2050286 | 11807 | SH |  | DFND | 1 | 0 | 0 | 11807 |
| REALTY INCOME CORP | COM | 756109104 |  | 224812 | 3942 | SH |  | DFND | 1 | 0 | 0 | 3942 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 372265 | 481 | SH |  | DFND | 1 | 0 | 0 | 481 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 450849 | 2100 | SH |  | DFND | 1 | 0 | 0 | 2100 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1302330 | 16174 | SH |  | DFND | 1 | 0 | 0 | 16174 |
| ROBLOX CORP | CL A | 771049103 |  | 2397033 | 29300 | SH |  | DFND | 1 | 0 | 0 | 29300 |
| ROLLINS INC | COM | 775711104 |  | 3172575 | 52500 | SH |  | DFND | 1 | 0 | 0 | 52500 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 225040 | 500 | SH |  | DFND | 1 | 0 | 0 | 500 |
| ROSS STORES INC | COM | 778296103 |  | 312094 | 1720 | SH |  | DFND | 1 | 0 | 0 | 1720 |
| S GLOBAL INC | COM | 78409V104 |  | 20549304 | 38942 | SH |  | DFND | 1 | 0 | 0 | 38942 |
| SALESFORCE INC | COM | 79466L302 |  | 7518090 | 28272 | SH |  | DFND | 1 | 0 | 0 | 28272 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3074517 | 30577 | SH |  | DFND | 1 | 0 | 0 | 30577 |
| SERVICE CORP INTL | COM | 817565104 |  | 1330590 | 17000 | SH |  | DFND | 1 | 0 | 0 | 17000 |
| SERVICENOW INC | COM | 81762P102 |  | 5778227 | 37465 | SH |  | DFND | 1 | 0 | 0 | 37465 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 3700938 | 11347 | SH |  | DFND | 1 | 0 | 0 | 11347 |
| SOUTHERN CO | COM | 842587107 |  | 580151 | 6625 | SH |  | DFND | 1 | 0 | 0 | 6625 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 4606520 | 7988 | SH |  | DFND | 1 | 0 | 0 | 7988 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 3133865 | 39100 | SH |  | DFND | 1 | 0 | 0 | 39100 |
| SSR MINING IN | COM | 784730103 |  | 3729800 | 170000 | SH |  | DFND | 1 | 0 | 0 | 170000 |
| STRYKER CORPORATION | COM | 863667101 |  | 3418674 | 9654 | SH |  | DFND | 1 | 0 | 0 | 9654 |
| SYNOPSYS INC | COM | 871607107 |  | 260970 | 550 | SH |  | DFND | 1 | 0 | 0 | 550 |
| T-MOBILE US INC | COM | 872590104 |  | 2387109 | 11713 | SH |  | DFND | 1 | 0 | 0 | 11713 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 13442754 | 44872 | SH |  | DFND | 1 | 0 | 0 | 44872 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 449795 | 1744 | SH |  | DFND | 1 | 0 | 0 | 1744 |
| TARGA RES CORP | COM | 87612G101 |  | 524062 | 2823 | SH |  | DFND | 1 | 0 | 0 | 2823 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 6429929 | 42169 | SH |  | DFND | 1 | 0 | 0 | 42169 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4039808 | 6924 | SH |  | DFND | 1 | 0 | 0 | 6924 |
| TJX COS INC NEW | COM | 872540109 |  | 621400 | 4000 | SH |  | DFND | 1 | 0 | 0 | 4000 |
| TOTALENERGIES SE | ACT | F92124100 |  | 14730349 | 222609 | SH |  | DFND | 1 | 0 | 0 | 222609 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 387009 | 988 | SH |  | DFND | 1 | 0 | 0 | 988 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 11889334 | 144780 | SH |  | DFND | 1 | 0 | 0 | 144780 |
| UBS GROUP AG | SHS | H42097107 |  | 13705928 | 294284 | SH |  | DFND | 1 | 0 | 0 | 294284 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 5380100 | 67000 | SH |  | DFND | 1 | 0 | 0 | 67000 |
| UNITED RENTALS INC | COM | 911363109 |  | 866285 | 1060 | SH |  | DFND | 1 | 0 | 0 | 1060 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 927723 | 2793 | SH |  | DFND | 1 | 0 | 0 | 2793 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 4866152 | 21662 | SH |  | DFND | 1 | 0 | 0 | 21662 |
| VERISIGN INC | COM | 92343E102 |  | 7817797 | 31790 | SH |  | DFND | 1 | 0 | 0 | 31790 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1224004 | 7448 | SH |  | DFND | 1 | 0 | 0 | 7448 |
| VISA INC | COM CL A | 92826C839 |  | 41759693 | 118092 | SH |  | DFND | 1 | 0 | 0 | 118092 |
| VISTRA CORP | COM | 92840M102 |  | 1678564 | 10322 | SH |  | DFND | 1 | 0 | 0 | 10322 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 2249873 | 400000 | SH |  | DFND | 1 | 0 | 0 | 400000 |
| WALMART INC | COM | 931142103 |  | 4275680 | 38203 | SH |  | DFND | 1 | 0 | 0 | 38203 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 693720 | 3900 | SH |  | DFND | 1 | 0 | 0 | 3900 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 6326866 | 28484 | SH |  | DFND | 1 | 0 | 0 | 28484 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 6057343 | 64228 | SH |  | DFND | 1 | 0 | 0 | 64228 |
| WELLTOWER INC | COM | 95040Q104 |  | 482784 | 2568 | SH |  | DFND | 1 | 0 | 0 | 2568 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2852172 | 16200 | SH |  | DFND | 1 | 0 | 0 | 16200 |
| WINMARK CORP | COM | 974250102 |  | 4162957 | 10285 | SH |  | DFND | 1 | 0 | 0 | 10285 |
| XYLEM INC | COM | 98419M100 |  | 2205155 | 16027 | SH |  | DFND | 1 | 0 | 0 | 16027 |
| YUM BRANDS INC | COM | 988498101 |  | 4405611 | 28950 | SH |  | DFND | 1 | 0 | 0 | 28950 |
| ZOETIS INC | CL A | 98978V103 |  | 307682 | 2434 | SH |  | DFND | 1 | 0 | 0 | 2434 |
| ZSCALER INC | COM | 98980G102 |  | 284275 | 1250 | SH |  | DFND | 1 | 0 | 0 | 1250 |

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