# EDGAR Filing Document

**Accession Number:** 0001132716
**File Stem:** 0001132716-25-000032
**Filing Date:** 2025-11
**Character Count:** 19668
**Document Hash:** 3d078ef91850bc55b798e45e2fe2dd1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001132716-25-000032.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001132716-25-000032

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)
- **CENTRAL INDEX KEY:** 0001132716

**ORGANIZATION NAME:**
- **EIN:** 061569842
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06327
- **FILM NUMBER:** 251482019

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE 31ST FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3125256000

**MAIL ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE 31ST FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UBS OCONNOR LLC
- **DATE OF NAME CHANGE:** 20010118

### 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:** OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)<br>**Address:** ONE NORTH WACKER DRIVE 31ST FLOOR<br>CHICAGO, IL 60606

**Form 13F File Number:** 028-06327

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:** Charles Mathys<br>**Title:** O'Connor CCO<br>**Phone:** 312-525-4114

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

Charles Mathys  Chicago, IL  11-14-2025<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:** 176

**Form 13F Information Table Value Total:** $927537924

      (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 |
| ADT INC DE | COM | 00090Q103 |  | 1999877 | 229607 | SH |  | DFND |  | 229607 | 0 | 0 |
| ACM RESH I | COMCL | 00108J109 |  | 2624880 | 67081 | SH |  | DFND |  | 67081 | 0 | 0 |
| AMC ENTMT | CLANE | 00165C302 |  | 112601 | 38828 | SH |  | DFND |  | 38828 | 0 | 0 |
| AIR PRODS | COM | 009158106 |  | 8600225 | 31535 | SH |  | DFND |  | 31535 | 0 | 0 |
| ALLIANT EN | COM | 018802108 |  | 20423882 | 302980 | SH |  | DFND |  | 302980 | 0 | 0 |
| ROYALTY MG | *WEXP | 02369M110 |  | 3408 | 70262 | SH |  | DFND |  | 70262 | 0 | 0 |
| AMERICAN A | COM | 02376R102 |  | 1824462 | 8587500 | SH | Put | DFND |  | 8587500 | 0 | 0 |
| AMERICAN E | COM | 025537101 |  | 4725000 | 42000 | SH |  | DFND |  | 42000 | 0 | 0 |
| AMERICAN W | NOTE3 | 03040WBE4 |  | 16048000 | 16000000 | PRN |  | DFND |  | 16000000 | 0 | 0 |
| AMPHENOL C | CLA | 032095101 |  | 6187500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| ARISTA NET | COM | 040413205 |  | 19975 | 23500 | SH | Call | DFND |  | 23500 | 0 | 0 |
| ARISTA NET | COMSH | 040413205 |  | 4371300 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| B  G FOOD | COM | 05508R106 |  | 80820 | 89800 | SH | Put | DFND |  | 89800 | 0 | 0 |
| BANCO BBVA | SPONS | 058934100 |  | 3065371 | 368434 | SH |  | DFND |  | 368434 | 0 | 0 |
| BANCO SANT | SPADR | 05965X109 |  | 3174514 | 119793 | SH |  | DFND |  | 119793 | 0 | 0 |
| BARRICK MN | COM | 06849F108 |  | 40755 | 143000 | SH | Call | DFND |  | 143000 | 0 | 0 |
| BEYOND MEA | NOTE3 | 08862EAB5 |  | 3800000 | 19000000 | PRN |  | DFND |  | 19000000 | 0 | 0 |
| BILIBILI I | SPONS | 090040106 |  | 1214331 | 43230 | SH |  | DFND |  | 43230 | 0 | 0 |
| BRAND ENGA | *WEXP | 104932116 |  | 767 | 47621 | SH |  | DFND |  | 47621 | 0 | 0 |
| BROADCOM I | COM | 11135F101 |  | 1888735 | 5725 | SH |  | DFND |  | 5725 | 0 | 0 |
| B2GOLD COR | COM | 11777Q209 |  | 8904966 | 1798983 | SH |  | DFND |  | 1798983 | 0 | 0 |
| C H ROBINS | COMNE | 12541W209 |  | 9506320 | 71800 | SH |  | DFND |  | 71800 | 0 | 0 |
| CALIFORNIA | COMST | 13057Q305 |  | 2627092 | 49400 | SH |  | DFND |  | 49400 | 0 | 0 |
| CALUMET IN | COM | 131428104 |  | 81680 | 140000 | SH | Put | DFND |  | 140000 | 0 | 0 |
| CAMECO COR | COM | 13321L108 |  | 3955257 | 47165 | SH |  | DFND |  | 47165 | 0 | 0 |
| CENTERPOIN | COM | 15189T107 |  | 15041402 | 387665 | SH |  | DFND |  | 387665 | 0 | 0 |
| CHARTER CO | COM | 16119P108 |  | 1026220 | 16400 | SH | Put | DFND |  | 16400 | 0 | 0 |
| CHEESECAKE | COM | 163072101 |  | 27188 | 17500 | SH | Put | DFND |  | 17500 | 0 | 0 |
| CHEMOURS C | COM | 163851108 |  | 316875 | 37500 | SH | Put | DFND |  | 37500 | 0 | 0 |
| CID HOLDCO | *WEXP | 171756117 |  | 13554 | 89581 | SH |  | DFND |  | 89581 | 0 | 0 |
| CLEAN HARB | COM | 184496107 |  | 9161079 | 39450 | SH |  | DFND |  | 39450 | 0 | 0 |
| CLEAR CHAN | COM | 18453H106 |  | 1580000 | 1000000 | SH |  | DFND |  | 1000000 | 0 | 0 |
| COHERENT C | COM | 19247G107 |  | 1444956 | 13414 | SH |  | DFND |  | 13414 | 0 | 0 |
| COINBASE G | COMCL | 19260Q107 |  | 6412310 | 19000 | SH |  | DFND |  | 19000 | 0 | 0 |
| COMMSCOPE | COM | 20337X109 |  | 1935000 | 125000 | SH |  | DFND |  | 125000 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 185000 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 601250 | 65000 | SH | Put | DFND |  | 65000 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 10360200 | 124000 | SH |  | DFND |  | 124000 | 0 | 0 |
| D R HORTON | COM | 23331A109 |  | 1986188 | 11720 | SH |  | DFND |  | 11720 | 0 | 0 |
| DELTA AIR | COMNE | 247361702 |  | 6534649 | 115148 | SH |  | DFND |  | 115148 | 0 | 0 |
| DRAFTKINGS | NOTE3 | 26142RAB0 |  | 19680543 | 21843000 | PRN |  | DFND |  | 21843000 | 0 | 0 |
| DUKE ENERG | NOTE4 | 26441CBY0 |  | 16117500 | 15000000 | PRN |  | DFND |  | 15000000 | 0 | 0 |
| EMBRAER S. | SPONS | 29082A107 |  | 10404654 | 172120 | SH |  | DFND |  | 172120 | 0 | 0 |
| ENERGY TRA | COM | 29273V100 |  | 9000 | 600000 | SH | Call | DFND |  | 600000 | 0 | 0 |
| ENTERGY CO | COM | 29364G103 |  | 19414273 | 208330 | SH |  | DFND |  | 208330 | 0 | 0 |
| META PLATF | CLA | 30303M102 |  | 5875040 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| FIRSTENERG | COM | 337932107 |  | 2600 | 20800 | SH | Put | DFND |  | 20800 | 0 | 0 |
| FIRSTENERG | NOTE4 | 337932AR8 |  | 10400000 | 10000000 | PRN |  | DFND |  | 10000000 | 0 | 0 |
| FIVE BELOW | COM | 33829M101 |  | 1160250 | 7500 | SH |  | DFND |  | 7500 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 3529252 | 83890 | SH |  | DFND |  | 83890 | 0 | 0 |
| FOMENTO EC | SPONA | 344419106 |  | 3952597 | 40075 | SH |  | DFND |  | 40075 | 0 | 0 |
| FORD MTR C | COM | 345370860 |  | 453597 | 721000 | SH | Put | DFND |  | 721000 | 0 | 0 |
| FREEPORT-M | CLB | 35671D857 |  | 1961000 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| HALOZYME T | NOTE0 | 40637HAD1 |  | 20664000 | 18000000 | PRN |  | DFND |  | 18000000 | 0 | 0 |
| HALOZYME T | NOTE1 | 40637HAF6 |  | 9870000 | 7000000 | PRN |  | DFND |  | 7000000 | 0 | 0 |
| HARLEY DAV | COM | 412822108 |  | 408750 | 325000 | SH | Put | DFND |  | 325000 | 0 | 0 |
| HESAI GROU | SPONS | 428050108 |  | 980690 | 34900 | SH |  | DFND |  | 34900 | 0 | 0 |
| HERTZ GLOB | COM | 42806J700 |  | 664028 | 955500 | SH | Put | DFND |  | 955500 | 0 | 0 |
| HOME DEPOT | COM | 437076102 |  | 1620760 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| HOWMET AER | COM | 443201108 |  | 4905750 | 25000 | SH |  | DFND |  | 25000 | 0 | 0 |
| HUB GROUP | CLA | 443320106 |  | 5923680 | 172000 | SH |  | DFND |  | 172000 | 0 | 0 |
| H WORLD GR | SPONS | 44332N106 |  | 1085420 | 27753 | SH |  | DFND |  | 27753 | 0 | 0 |
| HUBBELL IN | COM | 443510607 |  | 3726485 | 8660 | SH |  | DFND |  | 8660 | 0 | 0 |
| MULTISENSO | *WEXP | 456948116 |  | 1546 | 45190 | SH |  | DFND |  | 45190 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 4294400 | 128000 | SH |  | DFND |  | 128000 | 0 | 0 |
| INTERNATIO | COM | 460146103 |  | 1854608 | 39970 | SH |  | DFND |  | 39970 | 0 | 0 |
| INVESCO QQ | COM | 46090E103 |  | 239960 | 68500 | SH | Put | DFND |  | 68500 | 0 | 0 |
| ISHARES TR | COM | 464287432 |  | 122000 | 50000 | SH | Call | DFND |  | 50000 | 0 | 0 |
| ITAU UNIBA | SPONA | 465562106 |  | 10971215 | 1494716 | SH |  | DFND |  | 1494716 | 0 | 0 |
| KASPI KZ J | SPONS | 48581R205 |  | 9303597 | 113903 | SH |  | DFND |  | 113903 | 0 | 0 |
| LAS VEGAS | COM | 517834107 |  | 27896 | 29700 | SH | Put | DFND |  | 29700 | 0 | 0 |
| LEVI STRAU | CLACO | 52736R102 |  | 1747500 | 75000 | SH |  | DFND |  | 75000 | 0 | 0 |
| LIVE NATIO | COM | 538034109 |  | 41312 | 26000 | SH | Put | DFND |  | 26000 | 0 | 0 |
| LIVE NATIO | COM | 538034109 |  | 10947800 | 67000 | SH |  | DFND |  | 67000 | 0 | 0 |
| LUCID GROU | COM | 549498202 |  | 1851348 | 2623200 | SH | Put | DFND |  | 2623200 | 0 | 0 |
| MGM RESORT | COM | 552953101 |  | 310637 | 66100 | SH | Put | DFND |  | 66100 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 80290 | 62000 | SH | Put | DFND |  | 62000 | 0 | 0 |
| MAGNITE IN | COM | 55955D100 |  | 453800 | 232000 | SH | Call | DFND |  | 232000 | 0 | 0 |
| MARTIN MAR | COM | 573284106 |  | 5735548 | 9100 | SH |  | DFND |  | 9100 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 355470 | 5050 | SH |  | DFND |  | 5050 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 4060415 | 19080 | SH |  | DFND |  | 19080 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 38750 | 310000 | SH | Call | DFND |  | 310000 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 15632192 | 928829 | SH |  | DFND |  | 928829 | 0 | 0 |
| MEDICAL PP | COM | 58463J304 |  | 30134 | 317200 | SH | Put | DFND |  | 317200 | 0 | 0 |
| MERCADOLIB | COM | 58733R102 |  | 15353696 | 6570 | SH |  | DFND |  | 6570 | 0 | 0 |
| STRATEGY I | SERIE | 594972887 |  | 871862 | 9500 | SH |  | DFND |  | 9500 | 0 | 0 |
| MR COOPER | COM | 62482R107 |  | 43471432 | 206231 | SH |  | DFND |  | 206231 | 0 | 0 |
| NIO INC | SPONA | 62914V106 |  | 2295144 | 301200 | SH |  | DFND |  | 301200 | 0 | 0 |
| NRG ENERGY | COMNE | 629377508 |  | 7928262 | 48955 | SH |  | DFND |  | 48955 | 0 | 0 |
| NEWMONT CO | COM | 651639106 |  | 1348960 | 16000 | SH |  | DFND |  | 16000 | 0 | 0 |
| XPLR INFRA | COM | 65341B106 |  | 120450 | 16500 | SH | Put | DFND |  | 16500 | 0 | 0 |
| NIKE INC | COM | 654106103 |  | 82305 | 29500 | SH | Call | DFND |  | 29500 | 0 | 0 |
| NIKE INC | CLB | 654106103 |  | 1394600 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| GEN DIGITA | RIGHT | 668771116 |  | 545521 | 77051 | SH |  | DFND |  | 77051 | 0 | 0 |
| NVIDIA COR | COM | 67066G104 |  | 31743042 | 170131 | SH |  | DFND |  | 170131 | 0 | 0 |
| OCCIDENTAL | COM | 674599105 |  | 7862400 | 166400 | SH |  | DFND |  | 166400 | 0 | 0 |
| ONEMAIN HL | COM | 68268W103 |  | 20215 | 27500 | SH | Put | DFND |  | 27500 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1868080 | 19000 | SH |  | DFND |  | 19000 | 0 | 0 |
| PACKAGING | COM | 695156109 |  | 16506018 | 75740 | SH |  | DFND |  | 75740 | 0 | 0 |
| PELOTON IN | COM | 70614W100 |  | 19800 | 330000 | SH | Put | DFND |  | 330000 | 0 | 0 |
| PELOTON IN | NOTE2 | 70614WAB6 |  | 21746200 | 22190000 | PRN |  | DFND |  | 22190000 | 0 | 0 |
| PDD HOLDIN | SPONS | 722304102 |  | 5185558 | 39234 | SH |  | DFND |  | 39234 | 0 | 0 |
| PLYMOUTH I | COM | 729640102 |  | 3753874 | 168109 | SH |  | DFND |  | 168109 | 0 | 0 |
| PONY AI IN | SPONS | 732908108 |  | 6016255 | 267508 | SH |  | DFND |  | 267508 | 0 | 0 |
| QUANTA SVC | COM | 74762E102 |  | 4973040 | 12000 | SH |  | DFND |  | 12000 | 0 | 0 |
| RALLIANT C | COM | 750940108 |  | 3804510 | 87000 | SH |  | DFND |  | 87000 | 0 | 0 |
| RIOT PLATF | COM | 767292105 |  | 23506 | 29200 | SH | Call | DFND |  | 29200 | 0 | 0 |
| ROSS STORE | COM | 778296103 |  | 1142925 | 7500 | SH |  | DFND |  | 7500 | 0 | 0 |
| SPDR S 5 | COM | 78462F103 |  | 346500 | 96000 | SH | Put | DFND |  | 96000 | 0 | 0 |
| SPDR SERIE | COM | 78468R556 |  | 101010 | 37000 | SH | Call | DFND |  | 37000 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 336049 | 550900 | SH | Put | DFND |  | 550900 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 1008147 | 550900 | SH |  | DFND |  | 550900 | 0 | 0 |
| SABLE OFFS | COMSH | 78574H104 |  | 1292040 | 74000 | SH |  | DFND |  | 74000 | 0 | 0 |
| SERVICE PP | COM | 81761L102 |  | 105000 | 600000 | SH | Call | DFND |  | 600000 | 0 | 0 |
| SMART SH G | ADS | 83193E102 |  | 100035 | 74100 | SH |  | DFND |  | 74100 | 0 | 0 |
| SNOWFLAKE | NOTE1 | 833445AB5 |  | 30390000 | 20000000 | PRN |  | DFND |  | 20000000 | 0 | 0 |
| SNOWFLAKE | NOTE1 | 833445AD1 |  | 3916250 | 2500000 | PRN |  | DFND |  | 2500000 | 0 | 0 |
| SOUTHERN C | COM | 842587107 |  | 19135958 | 201920 | SH |  | DFND |  | 201920 | 0 | 0 |
| SOUTHERN C | NOTE4 | 842587DZ7 |  | 19477500 | 17500000 | PRN |  | DFND |  | 17500000 | 0 | 0 |
| SPIRIT AER | COMCL | 848574109 |  | 27398087 | 709795 | SH |  | DFND |  | 709795 | 0 | 0 |
| SPOTIFY US | NOTE3 | 84921RAB6 |  | 10923010 | 7973000 | PRN |  | DFND |  | 7973000 | 0 | 0 |
| STARWOOD P | COM | 85571B105 |  | 48300 | 138000 | SH | Put | DFND |  | 138000 | 0 | 0 |
| SYNOPSYS I | COM | 871607107 |  | 9275732 | 18800 | SH |  | DFND |  | 18800 | 0 | 0 |
| SYNCHRONY | COM | 87165B103 |  | 8312 | 17500 | SH | Put | DFND |  | 17500 | 0 | 0 |
| TKO GROUP | CLA | 87256C101 |  | 1211760 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| TRI POINTE | COM | 87265H109 |  | 25042 | 18900 | SH | Put | DFND |  | 18900 | 0 | 0 |
| TANGER INC | COM | 875465106 |  | 6210 | 10800 | SH | Put | DFND |  | 10800 | 0 | 0 |
| TASKUS INC | CLASS | 87652V109 |  | 419600 | 23507 | SH |  | DFND |  | 23507 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 5247696 | 11800 | SH |  | DFND |  | 11800 | 0 | 0 |
| TEVOGEN BI | *WEXP | 88165K119 |  | 3038 | 56685 | SH |  | DFND |  | 56685 | 0 | 0 |
| TOAST INC | CLA | 888787108 |  | 2920800 | 80000 | SH |  | DFND |  | 80000 | 0 | 0 |
| VNET GROUP | SPONS | 90138A103 |  | 1108409 | 107300 | SH |  | DFND |  | 107300 | 0 | 0 |
| ULTA BEAUT | COM | 90384S303 |  | 2733750 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| UNITED REN | COM | 911363109 |  | 8372368 | 8770 | SH |  | DFND |  | 8770 | 0 | 0 |
| VALE S A | SPONS | 91912E105 |  | 2123977 | 195578 | SH |  | DFND |  | 195578 | 0 | 0 |
| VANECK ETF | COM | 92189F106 |  | 26595 | 13500 | SH | Call | DFND |  | 13500 | 0 | 0 |
| VANECK ETF | COM | 92189F676 |  | 30540 | 10300 | SH | Put | DFND |  | 10300 | 0 | 0 |
| VERONA PHA | SPONS | 925050106 |  | 118049005 | 1106260 | SH |  | DFND |  | 1106260 | 0 | 0 |
| VERTIV HOL | COM | 92537N108 |  | 1357500 | 75000 | SH | Call | DFND |  | 75000 | 0 | 0 |
| VERTIV HOL | COMCL | 92537N108 |  | 3228404 | 21400 | SH |  | DFND |  | 21400 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 38090 | 58600 | SH | Put | DFND |  | 58600 | 0 | 0 |
| VISTA ENER | SPONS | 92837L109 |  | 3071886 | 89299 | SH |  | DFND |  | 89299 | 0 | 0 |
| VISTRA COR | COM | 92840M102 |  | 7891658 | 40280 | SH |  | DFND |  | 40280 | 0 | 0 |
| VORNADO RL | COM | 929042109 |  | 30820 | 26800 | SH | Put | DFND |  | 26800 | 0 | 0 |
| VULCAN MAT | COM | 929160109 |  | 5829399 | 18950 | SH |  | DFND |  | 18950 | 0 | 0 |
| WARNER BRO | COMSE | 934423104 |  | 976500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| WASTE CONN | COM | 94106B101 |  | 11268780 | 64100 | SH |  | DFND |  | 64100 | 0 | 0 |
| WYNN RESOR | COM | 983134107 |  | 5130800 | 40000 | SH |  | DFND |  | 40000 | 0 | 0 |
| YETI HLDGS | COM | 98585X104 |  | 829500 | 25000 | SH |  | DFND |  | 25000 | 0 | 0 |
| ZEEKR INTE | SPONA | 98923K103 |  | 3171048 | 104037 | SH |  | DFND |  | 104037 | 0 | 0 |
| ZTO EXPRES | SPONS | 98980A105 |  | 1388429 | 72314 | SH |  | DFND |  | 72314 | 0 | 0 |
| AMER SPORT | COMSH | G0260P102 |  | 1390000 | 40000 | SH |  | DFND |  | 40000 | 0 | 0 |
| ARCOS DORA | SHSCL | G0457F107 |  | 3622340 | 536643 | SH |  | DFND |  | 536643 | 0 | 0 |
| AXALTA COA | COM | G0750C108 |  | 2439855 | 85250 | SH |  | DFND |  | 85250 | 0 | 0 |
| CREDICORP | COM | G2519Y108 |  | 3748157 | 14076 | SH |  | DFND |  | 14076 | 0 | 0 |
| DLOCAL LTD | CLASS | G29018101 |  | 1116011 | 78152 | SH |  | DFND |  | 78152 | 0 | 0 |
| GEOPARK LT | USDSH | G38327105 |  | 1364594 | 214222 | SH |  | DFND |  | 214222 | 0 | 0 |
| GATES INDL | ORDSH | G39108108 |  | 5231808 | 210790 | SH |  | DFND |  | 210790 | 0 | 0 |
| HERBALIFE | COM | G4412G101 |  | 276780 | 65900 | SH | Put | DFND |  | 65900 | 0 | 0 |
| INTER  CO | CLASS | G4R20B107 |  | 5442405 | 589643 | SH |  | DFND |  | 589643 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 3752500 | 7900 | SH |  | DFND |  | 7900 | 0 | 0 |
| NORWEGIAN | COM | G66721104 |  | 15928 | 138500 | SH | Put | DFND |  | 138500 | 0 | 0 |
| NORWEGIAN | SHS | G66721104 |  | 3325050 | 135000 | SH |  | DFND |  | 135000 | 0 | 0 |
| NVENT ELEC | SHS | G6700G107 |  | 9124200 | 92500 | SH |  | DFND |  | 92500 | 0 | 0 |
| PAGSEGURO | COMCL | G68707101 |  | 5823570 | 582357 | SH |  | DFND |  | 582357 | 0 | 0 |
| ROADZEN IN | *WEXP | G7606H116 |  | 1263 | 19729 | SH |  | DFND |  | 19729 | 0 | 0 |
| SCAGE FUTU | *WEXP | G7840J118 |  | 2026 | 40438 | SH |  | DFND |  | 40438 | 0 | 0 |
| PENTAIR PL | SHS | G7S00T104 |  | 7530240 | 67987 | SH |  | DFND |  | 67987 | 0 | 0 |
| SHARKNINJA | COMSH | G8068L108 |  | 903594 | 8760 | SH |  | DFND |  | 8760 | 0 | 0 |
| SIGNET JEW | SHS | G81276100 |  | 1918400 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| SPORTRADAR | CLASS | H8088L103 |  | 2690000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| TRANSOCEAN | COM | H8817H100 |  | 152000 | 320000 | SH | Call | DFND |  | 320000 | 0 | 0 |
| TRANSOCEAN | COM | H8817H100 |  | 341346 | 385200 | SH | Put | DFND |  | 385200 | 0 | 0 |
| GLOBANT S | COM | L44385109 |  | 2910658 | 50726 | SH |  | DFND |  | 50726 | 0 | 0 |
| PAGAYA TEC | CLANE | M7S64L123 |  | 788982 | 26574 | SH |  | DFND |  | 26574 | 0 | 0 |
| TOWER SEMI | SHSNE | M87915274 |  | 2377152 | 32879 | SH |  | DFND |  | 32879 | 0 | 0 |

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