# EDGAR Filing Document

**Accession Number:** 0001716607
**File Stem:** 0001716607-25-000011
**Filing Date:** 2025-7
**Character Count:** 52733
**Document Hash:** b1d0a2752e4576209b7d6c58840f15ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001716607-25-000011.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0001716607-25-000011

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250718

**DATE AS OF CHANGE**: 20250718

**EFFECTIVENESS DATE**: 20250718

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Union Bancaire Privee, UBP SA
- **CENTRAL INDEX KEY:** 0001716607

**ORGANIZATION NAME:**
- **EIN:** 980236812
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24583
- **FILM NUMBER:** 251132616

**BUSINESS ADDRESS:**
- **STREET 1:** RUE DU RHONE 96-98
- **CITY:** GENEVA 1
- **STATE:** V8
- **ZIP:** 1211
- **BUSINESS PHONE:** 0041588192614

**MAIL ADDRESS:**
- **STREET 1:** RUE DU RHONE 96-98
- **CITY:** GENEVA 1
- **STATE:** V8
- **ZIP:** 1211

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Union Bancaire Privee UBP SA<br>**Address:** RUE DU RHONE 96-98<br>GENEVA 1, V8 1211

**Form 13F File Number:** 028-24583

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:** Miguel Barcos<br>**Title:** Compliance Officer<br>**Phone:** 41588193264

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

Miguel Barcos  Geneva, V8  07-18-2025<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:** 501

**Form 13F Information Table Value Total:** $6883811161

      (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 |  | 10337 | 68 | SH |  | DFND |  | 68 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 33658224 | 220421 | SH |  | DFND |  | 209919 | 0 | 10502 |
| ABBVIE INC | COM | 00287Y109 |  | 59684574 | 335238 | SH |  | DFND |  | 62996 | 0 | 272242 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 622362 | 7939 | SH |  | DFND |  | 1152 | 0 | 6787 |
| ADOBE INC | COM | 00724F101 |  | 55276634 | 141586 | SH |  | DFND |  | 37433 | 0 | 104153 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 2969856 | 25642 | SH |  | DFND |  | 0 | 0 | 25642 |
| ADVANCED ENERGY INDS | NOTE  2.500% 9/1 | 007973AE0 |  | 1167994 | 1125000 | PRN |  | DFND |  | 0 | 0 | 1125000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 25563329 | 196065 | SH |  | DFND |  | 190373 | 0 | 5692 |
| AES CORP | COM | 00130H105 |  | 242171 | 25872 | SH |  | DFND |  | 16091 | 0 | 9781 |
| AGCO CORP | COM | 001084102 |  | 934823 | 9114 | SH |  | DFND |  | 0 | 0 | 9114 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 464101 | 4374 | SH |  | DFND |  | 2410 | 0 | 1964 |
| AIRBNB INC | COM CL A | 009066101 |  | 9413 | 82 | SH |  | DFND |  | 82 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 32475 | 500 | SH |  | DFND |  | 500 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 17940884 | 162959 | SH |  | DFND |  | 144571 | 0 | 18388 |
| ALLSTATE CORP | COM | 020002101 |  | 248740 | 1500 | SH |  | DFND |  | 1500 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE  1.000% 9/1 | 02043QAB3 |  | 2335442 | 2130000 | PRN |  | DFND |  | 0 | 0 | 2130000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 151313212 | 842909 | SH |  | DFND |  | 659925 | 0 | 182984 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 157580821 | 953610 | SH |  | DFND |  | 388796 | 0 | 564814 |
| ALTO INGREDIENTS INC | COM | 021513106 |  | 5 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 255810395 | 1270156 | SH |  | DFND |  | 731976 | 0 | 538180 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 5552 | 266 | SH |  | DFND |  | 133 | 0 | 133 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 283495 | 3162 | SH |  | DFND |  | 1581 | 0 | 1581 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 47579 | 150 | SH |  | DFND |  | 150 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1804161 | 8306 | SH |  | DFND |  | 80 | 0 | 8226 |
| AMERICAN WTR CAP CORP | NOTE  3.625% 6/1 | 03040WBE4 |  | 1595485 | 1860000 | PRN |  | DFND |  | 0 | 0 | 1860000 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 927691 | 6702 | SH |  | DFND |  | 0 | 0 | 6702 |
| AMGEN INC | COM | 031162100 |  | 9108325 | 4432 | SH |  | DFND |  | 4432 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 3326732 | 42600 | SH |  | DFND |  | 42600 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 484021 | 5681 | SH |  | DFND |  | 5681 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2673165 | 11539 | SH |  | DFND |  | 10243 | 0 | 1296 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 609264 | 16562 | SH |  | DFND |  | 8281 | 0 | 8281 |
| API GROUP CORP | COM STK | 00187Y100 |  | 2297519 | 52382 | SH |  | DFND |  | 52382 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 102273 | 895 | SH |  | DFND |  | 895 | 0 | 0 |
| APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 |  | 12 | 100 | SH |  | DFND |  | 0 | 0 | 100 |
| APPLE INC | COM | 037833100 |  | 137882587 | 653497 | SH |  | DFND |  | 544456 | 0 | 109041 |
| APPLIED MATLS INC | COM | 038222105 |  | 43200105 | 48239 | SH |  | DFND |  | 43213 | 0 | 5026 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 5610505 | 21023 | SH |  | DFND |  | 21023 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 2255955 | 102777 | SH |  | DFND |  | 0 | 0 | 102777 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 46413 | 1910 | SH |  | DFND |  | 1910 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 581592 | 3515 | SH |  | DFND |  | 3515 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 134618 | 23754 | SH |  | DFND |  | 11877 | 0 | 11877 |
| ASCENDIS PHARMA A/S | NOTE  2.250% 4/0 | 04351PAD3 |  | 555977 | 520000 | PRN |  | DFND |  | 0 | 0 | 520000 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 |  | 15313 | 1446 | SH |  | DFND |  | 1446 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3334847 | 147646 | SH |  | DFND |  | 147646 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 5351311 | 29555 | SH |  | DFND |  | 28994 | 0 | 561 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 2853016 | 23400 | SH |  | DFND |  | 23400 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 12595176 | 26628 | SH |  | DFND |  | 9720 | 0 | 16908 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 544722 | 2070 | SH |  | DFND |  | 2070 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 68172059 | 20253 | SH |  | DFND |  | 6141 | 0 | 14112 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 463959 | 717 | SH |  | DFND |  | 541 | 0 | 176 |
| BADGER METER INC | COM | 056525108 |  | 2016759 | 8167 | SH |  | DFND |  | 0 | 0 | 8167 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 2692610 | 27352 | SH |  | DFND |  | 13676 | 0 | 13676 |
| BALL CORP | COM | 058498106 |  | 1133246 | 19885 | SH |  | DFND |  | 0 | 0 | 19885 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 36340 | 15000 | SH |  | DFND |  | 15000 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 1506787 | 1480 | SH |  | DFND |  | 0 | 0 | 1480 |
| BANK AMERICA CORP | COM | 060505104 |  | 2026675 | 43385 | SH |  | DFND |  | 43385 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 2831887 | 25942 | SH |  | DFND |  | 0 | 0 | 25942 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1644696 | 22560 | SH |  | DFND |  | 22560 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 28652 | 230 | SH |  | DFND |  | 230 | 0 | 0 |
| BENTLEY SYS INC | NOTE  0.125% 1/1 | 08265TAB5 |  | 1903604 | 2245000 | PRN |  | DFND |  | 0 | 0 | 2245000 |
| BERKLEY W R CORP | COM | 084423102 |  | 1560591 | 27000 | SH |  | DFND |  | 27000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 42136109 | 85141 | SH |  | DFND |  | 74790 | 0 | 10351 |
| BIOGEN INC | COM | 09062X103 |  | 10339 | 82 | SH |  | DFND |  | 82 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | NOTE  1.250% 5/1 | 09061GAK7 |  | 2367328 | 2945000 | PRN |  | DFND |  | 0 | 0 | 2945000 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 270560 | 2384 | SH |  | DFND |  | 0 | 0 | 2384 |
| BLACKROCK ETF TRUST II | AAA CLO ETF | 092528504 |  | 499307 | 9615 | SH |  | DFND |  | 9615 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1037316 | 8244 | SH |  | DFND |  | 8244 | 0 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 |  | 84184 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 1290205 | 41168 | SH |  | DFND |  | 0 | 0 | 41168 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 143296495 | 67828 | SH |  | DFND |  | 0 | 0 | 67828 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 6839353 | 1320 | SH |  | DFND |  | 790 | 0 | 530 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 894351 | 10935 | SH |  | DFND |  | 8247 | 0 | 2688 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 23189075 | 223934 | SH |  | DFND |  | 198158 | 0 | 25776 |
| BP PLC | SPONSORED ADR | 055622104 |  | 90700 | 3000 | SH |  | DFND |  | 3000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE  2.500% 3/1 | 10806XAB8 |  | 580578 | 525000 | PRN |  | DFND |  | 0 | 0 | 525000 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 222082 | 5643 | SH |  | DFND |  | 5643 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 168659613 | 668955 | SH |  | DFND |  | 337268 | 0 | 331687 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 343687 | 1437 | SH |  | DFND |  | 0 | 0 | 1437 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 107237 | 2040 | SH |  | DFND |  | 2040 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 316506 | 12085 | SH |  | DFND |  | 0 | 0 | 12085 |
| CACI INTL INC | CL A | 127190304 |  | 4530973 | 10582 | SH |  | DFND |  | 9255 | 0 | 1327 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 9270104 | 34674 | SH |  | DFND |  | 26848 | 0 | 7826 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 1971 | 248 | SH |  | DFND |  | 248 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 1115309 | 17404 | SH |  | DFND |  | 8702 | 0 | 8702 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 9579651 | 43024 | SH |  | DFND |  | 35334 | 0 | 7690 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1218223 | 17850 | SH |  | DFND |  | 17850 | 0 | 0 |
| CAPITAL SOUTHWEST CORP | COM | 140501107 |  | 45129627 | 14349 | SH |  | DFND |  | 0 | 0 | 14349 |
| CARISMA THERAPEUTICS INC | COM | 14216R101 |  | 190 | 535 | SH |  | DFND |  | 535 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 8765067 | 39745 | SH |  | DFND |  | 39745 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 6149343 | 18458 | SH |  | DFND |  | 13658 | 0 | 4800 |
| CBRE GROUP INC | CL A | 12504L109 |  | 7973581 | 57500 | SH |  | DFND |  | 0 | 0 | 57500 |
| CENCORA INC | COM | 03073E105 |  | 477494 | 1610 | SH |  | DFND |  | 0 | 0 | 1610 |
| CENTERPOINT ENERGY INC | NOTE  4.250% 8/1 | 15189TBD8 |  | 1777076 | 1915000 | PRN |  | DFND |  | 0 | 0 | 1915000 |
| CERENCE INC | COM | 156727109 |  | 699 | 74 | SH |  | DFND |  | 74 | 0 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 408131 | 3926 | SH |  | DFND |  | 0 | 0 | 3926 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 4112686 | 17912 | SH |  | DFND |  | 14721 | 0 | 3191 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 1777701 | 18058 | SH |  | DFND |  | 15214 | 0 | 2844 |
| CHEVRON CORP NEW | COM | 166764100 |  | 33882282 | 246314 | SH |  | DFND |  | 243590 | 0 | 2724 |
| CHEWY INC | CL A | 16679L109 |  | 107075 | 2500 | SH |  | DFND |  | 2500 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 10349695 | 202474 | SH |  | DFND |  | 202474 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 66326 | 672 | SH |  | DFND |  | 672 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 412799 | 2158 | SH |  | DFND |  | 2158 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 11540485 | 40009 | SH |  | DFND |  | 20116 | 0 | 19893 |
| CITIGROUP INC | COM NEW | 172967424 |  | 9093265 | 116947 | SH |  | DFND |  | 110631 | 0 | 6316 |
| CLEAN HARBORS INC | COM | 184496107 |  | 3686072 | 16009 | SH |  | DFND |  | 0 | 0 | 16009 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 319203 | 11490 | SH |  | DFND |  | 5745 | 0 | 5745 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 8298857 | 50564 | SH |  | DFND |  | 50564 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 3286959 | 13486 | SH |  | DFND |  | 13486 | 0 | 0 |
| CMS ENERGY CORP | NOTE  3.375% 5/0 | 125896BX7 |  | 1042105 | 1145000 | PRN |  | DFND |  | 0 | 0 | 1145000 |
| COCA COLA CO | COM | 191216100 |  | 48503877 | 575864 | SH |  | DFND |  | 543849 | 0 | 32015 |
| COCA COLA CONS INC | COM | 191098102 |  | 111 | 700 | SH |  | DFND |  | 0 | 0 | 700 |
| CODA OCTOPUS GROUP INC | COM NEW | 19188U206 |  | 39 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 31668 | 105 | SH |  | DFND |  | 105 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE  0.500% 6/0 | 19260QAB3 |  | 263067 | 180000 | PRN |  | DFND |  | 0 | 0 | 180000 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 24825 | 350 | SH |  | DFND |  | 350 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 213933 | 6057 | SH |  | DFND |  | 6057 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 211757 | 2792 | SH |  | DFND |  | 2792 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 10743037 | 39824 | SH |  | DFND |  | 37578 | 0 | 2246 |
| COPART INC | COM | 217204106 |  | 577240 | 11966 | SH |  | DFND |  | 0 | 0 | 11966 |
| CORE  MAIN INC | CL A | 21874C102 |  | 396124 | 6680 | SH |  | DFND |  | 0 | 0 | 6680 |
| CORNING INC | COM | 219350105 |  | 43373 | 837 | SH |  | DFND |  | 837 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 884766 | 13606 | SH |  | DFND |  | 6803 | 0 | 6803 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 24494100 | 17639 | SH |  | DFND |  | 16244 | 0 | 1395 |
| COUPANG INC | CL A | 22266T109 |  | 13146 | 500 | SH |  | DFND |  | 500 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1794637 | 4450 | SH |  | DFND |  | 4450 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 2619502 | 25079 | SH |  | DFND |  | 0 | 0 | 25079 |
| CSX CORP | COM | 126408103 |  | 964153 | 34486 | SH |  | DFND |  | 34486 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 11125021 | 23901 | SH |  | DFND |  | 21991 | 0 | 1910 |
| CVS HEALTH CORP | COM | 126650100 |  | 14588 | 213 | SH |  | DFND |  | 213 | 0 | 0 |
| CYTOKINETICS INC | NOTE  3.500% 7/0 | 23282WAC4 |  | 446371 | 480000 | PRN |  | DFND |  | 0 | 0 | 480000 |
| DANAHER CORPORATION | COM | 235851102 |  | 640208 | 3694 | SH |  | DFND |  | 3694 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 770606 | 20115 | SH |  | DFND |  | 0 | 0 | 20115 |
| DATADOG INC | CL A COM | 23804L103 |  | 3403953 | 29064 | SH |  | DFND |  | 29064 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 495047 | 5136 | SH |  | DFND |  | 2320 | 0 | 2816 |
| DEERE  CO | COM | 244199105 |  | 4957140 | 10130 | SH |  | DFND |  | 2935 | 0 | 7195 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 5199869 | 47651 | SH |  | DFND |  | 33078 | 0 | 14573 |
| DEXCOM INC | COM | 252131107 |  | 157956 | 2380 | SH |  | DFND |  | 2380 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 13126 | 151 | SH |  | DFND |  | 151 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1579904 | 13972 | SH |  | DFND |  | 13972 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 15625 | 211 | SH |  | DFND |  | 211 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 351072 | 796 | SH |  | DFND |  | 796 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 3294 | 122 | SH |  | DFND |  | 122 | 0 | 0 |
| DROPBOX INC | NOTE         3/0 | 26210CAD6 |  | 2571162 | 3025000 | PRN |  | DFND |  | 0 | 0 | 3025000 |
| DSS INC | COM NEW | 26253C201 |  | 1 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2205847 | 23003 | SH |  | DFND |  | 20738 | 0 | 2265 |
| DUKE ENERGY CORP NEW | NOTE  4.125% 4/1 | 26441CBY0 |  | 1693112 | 1885000 | PRN |  | DFND |  | 0 | 0 | 1885000 |
| DYNATRACE INC | COM NEW | 268150109 |  | 4646143 | 95014 | SH |  | DFND |  | 95014 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 3015073 | 29850 | SH |  | DFND |  | 29850 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 71316473 | 283716 | SH |  | DFND |  | 40243 | 0 | 243473 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 193705 | 1228 | SH |  | DFND |  | 1228 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 68035545 | 83324 | SH |  | DFND |  | 66994 | 0 | 16330 |
| EMERSON ELEC CO | COM | 291011104 |  | 1765276 | 15321 | SH |  | DFND |  | 15321 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1238062 | 20160 | SH |  | DFND |  | 10080 | 0 | 10080 |
| EOG RES INC | COM | 26875P101 |  | 23194 | 192 | SH |  | DFND |  | 192 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 27085546 | 469723 | SH |  | DFND |  | 396541 | 0 | 73182 |
| EQUINIX INC | COM | 29444U700 |  | 2240991 | 6519 | SH |  | DFND |  | 6519 | 0 | 0 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 109282 | 5100 | SH |  | DFND |  | 5100 | 0 | 0 |
| ETSY INC | NOTE  0.125%10/0 | 29786AAJ5 |  | 1718539 | 2075000 | PRN |  | DFND |  | 0 | 0 | 2075000 |
| ETSY INC | NOTE  0.250% 6/1 | 29786AAN6 |  | 848916 | 991000 | PRN |  | DFND |  | 0 | 0 | 991000 |
| EVERGY INC | COM | 30034W106 |  | 307667 | 5138 | SH |  | DFND |  | 2569 | 0 | 2569 |
| EXELON CORP | COM | 30161N101 |  | 498799 | 13344 | SH |  | DFND |  | 6672 | 0 | 6672 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2880525 | 28002 | SH |  | DFND |  | 28002 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 879006 | 24292 | SH |  | DFND |  | 24292 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 865691 | 6466 | SH |  | DFND |  | 3233 | 0 | 3233 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 2596011 | 10010 | SH |  | DFND |  | 10010 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 6796916 | 45287 | SH |  | DFND |  | 30074 | 0 | 15213 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 30884 | 5638 | SH |  | DFND |  | 2819 | 0 | 2819 |
| FORD MTR CO | NOTE         3/1 | 345370CZ1 |  | 178704 | 181000 | PRN |  | DFND |  | 0 | 0 | 181000 |
| FORTINET INC | COM | 34959E109 |  | 2253450 | 21697 | SH |  | DFND |  | 0 | 0 | 21697 |
| FORTIVE CORP | COM | 34959J108 |  | 830677 | 13416 | SH |  | DFND |  | 13416 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 845875 | 22341 | SH |  | DFND |  | 16682 | 0 | 5659 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 3118329 | 294422 | SH |  | DFND |  | 147211 | 0 | 147211 |
| FURY GOLD MINES LIMITED | COM | 36117T100 |  | 0 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1450579 | 5710 | SH |  | DFND |  | 5710 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 426853 | 1055 | SH |  | DFND |  | 0 | 0 | 1055 |
| GE AEROSPACE | COM NEW | 369604301 |  | 18375390 | 53995 | SH |  | DFND |  | 48066 | 0 | 5929 |
| GE VERNOVA INC | COM | 36828A101 |  | 963237 | 2148 | SH |  | DFND |  | 1121 | 0 | 1027 |
| GENERAC HLDGS INC | COM | 368736104 |  | 514648 | 5892 | SH |  | DFND |  | 2946 | 0 | 2946 |
| GENERAL MTRS CO | COM | 37045V100 |  | 84456 | 1700 | SH |  | DFND |  | 1700 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 744988 | 9101 | SH |  | DFND |  | 9101 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 3848739 | 96854 | SH |  | DFND |  | 96854 | 0 | 0 |
| GLADSTONE INVT CORP | COM | 376546107 |  | 40355805 | 19806 | SH |  | DFND |  | 0 | 0 | 19806 |
| GOLDEN MINERALS CO | COM | 381119403 |  | 1 | 7 | SH |  | DFND |  | 7 | 0 | 0 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 51698760 | 30678 | SH |  | DFND |  | 0 | 0 | 30678 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 16585044 | 26998 | SH |  | DFND |  | 23941 | 0 | 3057 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 87470376 | 41919 | SH |  | DFND |  | 0 | 0 | 41919 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 7060 | 183 | SH |  | DFND |  | 183 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 2561264 | 12202 | SH |  | DFND |  | 12202 | 0 | 0 |
| GULF RES INC | COM | 40251W408 |  | 1 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| H WORLD GROUP LTD | NOTE  3.000% 5/0 | 44332NAB2 |  | 54602 | 60000 | PRN |  | DFND |  | 0 | 0 | 60000 |
| HALEON PLC | SPON ADS | 405552100 |  | 2377 | 229 | SH |  | DFND |  | 229 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 3150 | 210 | SH |  | DFND |  | 210 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE  1.000% 8/1 | 40637HAF6 |  | 4438151 | 4520000 | PRN |  | DFND |  | 0 | 0 | 4520000 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 577725 | 7500 | SH |  | DFND |  | 7500 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 962801 | 3733 | SH |  | DFND |  | 2816 | 0 | 917 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 347386 | 1956 | SH |  | DFND |  | 0 | 0 | 1956 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 93883578 | 35781 | SH |  | DFND |  | 0 | 0 | 35781 |
| HOME DEPOT INC | COM | 437076102 |  | 24808806 | 71032 | SH |  | DFND |  | 65968 | 0 | 5064 |
| HONEYWELL INTL INC | COM | 438516106 |  | 25806247 | 95751 | SH |  | DFND |  | 91062 | 0 | 4689 |
| HORMEL FOODS CORP | COM | 440452100 |  | 24 | 1000 | SH |  | DFND |  | 0 | 0 | 1000 |
| HOULIHAN LOKEY INC | CL A | 441593100 |  | 457972 | 2506 | SH |  | DFND |  | 0 | 0 | 2506 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 665229 | 4248 | SH |  | DFND |  | 4248 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 2659316 | 6562 | SH |  | DFND |  | 0 | 0 | 6562 |
| HUBSPOT INC | COM | 443573100 |  | 1069228 | 1952 | SH |  | DFND |  | 0 | 0 | 1952 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 55728778 | 144000 | SH |  | DFND |  | 0 | 0 | 144000 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 2365346 | 12463 | SH |  | DFND |  | 9401 | 0 | 3062 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 270960 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 305057 | 578 | SH |  | DFND |  | 0 | 0 | 578 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1294850 | 77518 | SH |  | DFND |  | 38759 | 0 | 38759 |
| INMUNE BIO INC | COM | 45782T105 |  | 4548 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| INSULET CORP | NOTE  0.375% 9/0 | 45784PAK7 |  | 2469028 | 2080000 | PRN |  | DFND |  | 0 | 0 | 2080000 |
| INTEL CORP | COM | 458140100 |  | 5877 | 259 | SH |  | DFND |  | 259 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 9115095 | 201104 | SH |  | DFND |  | 162840 | 0 | 38264 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4999991 | 21484 | SH |  | DFND |  | 21484 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 118883161 | 154227 | SH |  | DFND |  | 65336 | 0 | 88891 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 15166421 | 24035 | SH |  | DFND |  | 17738 | 0 | 6297 |
| INVESCO EXCH TRADED FD TR II | CHINA TECHNLGY | 46138E800 |  | 97758 | 2600 | SH |  | DFND |  | 2600 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 29552 | 131 | SH |  | DFND |  | 131 | 0 | 0 |
| INVESCO INDIA EXCHANGE-TRADE | INDIA ETF | 46137R109 |  | 7182 | 265 | SH |  | DFND |  | 265 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 12455350 | 23693 | SH |  | DFND |  | 23596 | 0 | 97 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 10547 | 265 | SH |  | DFND |  | 265 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE  1.750% 6/1 | 462222AF7 |  | 1271795 | 1425000 | PRN |  | DFND |  | 0 | 0 | 1425000 |
| IONQ INC | COM | 46222L108 |  | 2655014 | 82500 | SH |  | DFND |  | 82500 | 0 | 0 |
| ISHARES INC | JP MORGAN EM ETF | 464286517 |  | 824806 | 20538 | SH |  | DFND |  | 20538 | 0 | 0 |
| ISHARES INC | MSCI AUST ETF | 464286103 |  | 342301 | 13120 | SH |  | DFND |  | 13120 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 355423 | 13590 | SH |  | DFND |  | 9778 | 0 | 3812 |
| ISHARES INC | MSCI GBL ETF NEW | 46434G848 |  | 202224 | 5347 | SH |  | DFND |  | 5347 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 1987742 | 27158 | SH |  | DFND |  | 27158 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 2110403 | 30476 | SH |  | DFND |  | 28119 | 0 | 2357 |
| ISHARES INC | MSCI WORLD ETF | 464286392 |  | 1199236 | 7851 | SH |  | DFND |  | 7851 | 0 | 0 |
| ISHARES INC | US INTL HGH YLD | 464286178 |  | 6838876 | 148188 | SH |  | DFND |  | 148188 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 933715 | 28624 | SH |  | DFND |  | 28624 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 1867802 | 22558 | SH |  | DFND |  | 22558 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 139746 | 2000 | SH |  | DFND |  | 2000 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 85097 | 716 | SH |  | DFND |  | 716 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 76269 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 1757800 | 47000 | SH |  | DFND |  | 47000 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 589611 | 1197 | SH |  | DFND |  | 1040 | 0 | 157 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 386251 | 3711 | SH |  | DFND |  | 3711 | 0 | 0 |
| ISHARES TR | FUTURE AI  TECH | 46435U556 |  | 43108 | 1243 | SH |  | DFND |  | 1243 | 0 | 0 |
| ISHARES TR | GLOB HLTHCRE ETF | 464287325 |  | 149835 | 1750 | SH |  | DFND |  | 1750 | 0 | 0 |
| ISHARES TR | GLOBAL ENERG ETF | 464287341 |  | 514493 | 13497 | SH |  | DFND |  | 13497 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 133262 | 2275 | SH |  | DFND |  | 2275 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 2961023 | 27764 | SH |  | DFND |  | 27764 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 141638 | 1150 | SH |  | DFND |  | 1150 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 739749 | 3097 | SH |  | DFND |  | 3097 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 1432043 | 27935 | SH |  | DFND |  | 27935 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1655388 | 32518 | SH |  | DFND |  | 32518 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 3951090 | 42900 | SH |  | DFND |  | 42900 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 1091022 | 13354 | SH |  | DFND |  | 13354 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 2302654 | 11836 | SH |  | DFND |  | 10274 | 0 | 1562 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 149956 | 3579 | SH |  | DFND |  | 3579 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 774134 | 20780 | SH |  | DFND |  | 12605 | 0 | 8175 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 1320405 | 26605 | SH |  | DFND |  | 26605 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 60866 | 1917 | SH |  | DFND |  | 1408 | 0 | 509 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 553486 | 3048 | SH |  | DFND |  | 3048 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1410260 | 6682 | SH |  | DFND |  | 6682 | 0 | 0 |
| ISHARES TR | U.S. FIN SVC ETF | 464287770 |  | 254370 | 3000 | SH |  | DFND |  | 3000 | 0 | 0 |
| ISHARES TR | U.S. PHARMA ETF | 464288836 |  | 36902 | 660 | SH |  | DFND |  | 660 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 21801 | 952 | SH |  | DFND |  | 952 | 0 | 0 |
| ISHARES U S ETF TR | BLACKROCK SH DUR | 46431W507 |  | 17287537 | 338573 | SH |  | DFND |  | 338573 | 0 | 0 |
| ISHARES U S ETF TR | GSCI CMDTY STGY | 46431W853 |  | 33803 | 1530 | SH |  | DFND |  | 1530 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 145640 | 22000 | SH |  | DFND |  | 22000 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 1235415 | 10644 | SH |  | DFND |  | 5322 | 0 | 5322 |
| ITRON INC | NOTE         3/1 | 465741AN6 |  | 186225 | 164000 | PRN |  | DFND |  | 0 | 0 | 164000 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 295101 | 2598 | SH |  | DFND |  | 1299 | 0 | 1299 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 175264 | 4261 | SH |  | DFND |  | 4261 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 14110 | 500 | SH |  | DFND |  | 500 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 30118632 | 160521 | SH |  | DFND |  | 148017 | 0 | 12504 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 5216288 | 20300 | SH |  | DFND |  | 0 | 0 | 20300 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 99673142 | 367359 | SH |  | DFND |  | 331846 | 0 | 35513 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 4564873 | 139080 | SH |  | DFND |  | 139080 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 2954664 | 184046 | SH |  | DFND |  | 92023 | 0 | 92023 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 1990700 | 119692 | SH |  | DFND |  | 59846 | 0 | 59846 |
| KEYCORP | COM | 493267108 |  | 197749 | 13500 | SH |  | DFND |  | 13500 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 438246 | 2657 | SH |  | DFND |  | 0 | 0 | 2657 |
| KINROSS GOLD CORP | COM | 496902404 |  | 13737885 | 952523 | SH |  | DFND |  | 897473 | 0 | 55050 |
| KKR  CO INC | COM | 48251W104 |  | 549057 | 4444 | SH |  | DFND |  | 4444 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 374720 | 415 | SH |  | DFND |  | 0 | 0 | 415 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 39023 | 158 | SH |  | DFND |  | 158 | 0 | 0 |
| LANTHEUS HLDGS INC | NOTE  2.625%12/1 | 516544AB9 |  | 2870414 | 2670000 | PRN |  | DFND |  | 0 | 0 | 2670000 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 2382145 | 37200 | SH |  | DFND |  | 37200 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 19576829 | 856754 | SH |  | DFND |  | 0 | 0 | 856754 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 959648 | 7760 | SH |  | DFND |  | 5853 | 0 | 1907 |
| LEMONADE INC | COM | 52567D107 |  | 73395 | 1745 | SH |  | DFND |  | 1745 | 0 | 0 |
| LEONARDO DRS INC | COM | 52661A108 |  | 883521 | 24753 | SH |  | DFND |  | 18712 | 0 | 6041 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 249990 | 10284 | SH |  | DFND |  | 5142 | 0 | 5142 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 3558 | 37 | SH |  | DFND |  | 37 | 0 | 0 |
| LINDSAY CORP | COM | 535555106 |  | 878430 | 6133 | SH |  | DFND |  | 0 | 0 | 6133 |
| LIVE NATION ENTERTAINMENT IN | NOTE  3.125% 1/1 | 538034BA6 |  | 6952491 | 5381000 | PRN |  | DFND |  | 0 | 0 | 5381000 |
| LOWES COS INC | COM | 548661107 |  | 16325 | 73 | SH |  | DFND |  | 73 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 207264 | 895 | SH |  | DFND |  | 0 | 0 | 895 |
| LUMENTUM HLDGS INC | NOTE  0.500% 6/1 | 55024UAF6 |  | 1610573 | 1817000 | PRN |  | DFND |  | 0 | 0 | 1817000 |
| LUMENTUM HLDGS INC | NOTE  1.500%12/1 | 55024UAH2 |  | 3827863 | 2915000 | PRN |  | DFND |  | 0 | 0 | 2915000 |
| LYFT INC | CL A COM | 55087P104 |  | 94320 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 139790261 | 16319 | SH |  | DFND |  | 0 | 0 | 16319 |
| MAMMOTH ENERGY SVCS INC | COM | 56155L108 |  | 12182 | 4230 | SH |  | DFND |  | 4230 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 320463 | 1650 | SH |  | DFND |  | 0 | 0 | 1650 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 1124219 | 4508 | SH |  | DFND |  | 4508 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 3699262 | 15679 | SH |  | DFND |  | 10854 | 0 | 4825 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE  3.250%12/1 | 57164YAF4 |  | 109561 | 118000 | PRN |  | DFND |  | 0 | 0 | 118000 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 33440860 | 141295 | SH |  | DFND |  | 124388 | 0 | 16907 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 13666189 | 191944 | SH |  | DFND |  | 181821 | 0 | 10123 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 77405384 | 123466 | SH |  | DFND |  | 107497 | 0 | 15969 |
| MAUI LD  PINEAPPLE INC | COM | 577345101 |  | 17442 | 950 | SH |  | DFND |  | 950 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 50827102 | 184465 | SH |  | DFND |  | 38008 | 0 | 146457 |
| MCKESSON CORP | COM | 58155Q103 |  | 7917079 | 11179 | SH |  | DFND |  | 10995 | 0 | 184 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 6063044 | 2713 | SH |  | DFND |  | 2355 | 0 | 358 |
| MERCK  CO INC | COM | 58933Y105 |  | 30456087 | 367101 | SH |  | DFND |  | 322639 | 0 | 44462 |
| META PLATFORMS INC | CL A | 30303M102 |  | 152992062 | 196251 | SH |  | DFND |  | 174962 | 0 | 21289 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 336513 | 282 | SH |  | DFND |  | 0 | 0 | 282 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 202611 | 5895 | SH |  | DFND |  | 5895 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 634756 | 5500 | SH |  | DFND |  | 5500 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1440485748 | 926256 | SH |  | DFND |  | 547308 | 0 | 378948 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 2380385 | 16100 | SH |  | DFND |  | 0 | 0 | 16100 |
| MIDDLEBY CORP | NOTE  1.000% 9/0 | 596278AB7 |  | 3220155 | 3337000 | PRN |  | DFND |  | 0 | 0 | 3337000 |
| MODERNA INC | COM | 60770K107 |  | 158641 | 6497 | SH |  | DFND |  | 6497 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 422250 | 7227 | SH |  | DFND |  | 7227 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 8208365 | 44004 | SH |  | DFND |  | 44004 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5699061 | 46295 | SH |  | DFND |  | 31327 | 0 | 14968 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 25107591 | 62791 | SH |  | DFND |  | 60440 | 0 | 2351 |
| MSCI INC | COM | 55354G100 |  | 472917 | 836 | SH |  | DFND |  | 0 | 0 | 836 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 1374135 | 56642 | SH |  | DFND |  | 0 | 0 | 56642 |
| NASDAQ INC | COM | 631103108 |  | 116366467 | 1380872 | SH |  | DFND |  | 462252 | 0 | 918620 |
| NCL CORP LTD | NOTE  1.125% 2/1 | 62886HBD2 |  | 237000 | 285000 | PRN |  | DFND |  | 0 | 0 | 285000 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 41785 | 315 | SH |  | DFND |  | 315 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 65187280 | 47123 | SH |  | DFND |  | 42512 | 0 | 4611 |
| NEW MTN FIN CORP | COM | 647551100 |  | 43852691 | 28812 | SH |  | DFND |  | 0 | 0 | 28812 |
| NEWMONT CORP | COM | 651639106 |  | 911373 | 18182 | SH |  | DFND |  | 14001 | 0 | 4181 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4084187 | 62699 | SH |  | DFND |  | 52234 | 0 | 10465 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 448701 | 8766 | SH |  | DFND |  | 4383 | 0 | 4383 |
| NIKE INC | CL B | 654106103 |  | 46107 | 750 | SH |  | DFND |  | 750 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 875799 | 25320 | SH |  | DFND |  | 12660 | 0 | 12660 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 33723 | 281 | SH |  | DFND |  | 281 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1842139 | 31028 | SH |  | DFND |  | 31028 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 2014127 | 14274 | SH |  | DFND |  | 7137 | 0 | 7137 |
| NUCOR CORP | COM | 670346105 |  | 21949 | 167 | SH |  | DFND |  | 167 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 154480 | 4612 | SH |  | DFND |  | 2306 | 0 | 2306 |
| NUTANIX INC | CL A | 67059N108 |  | 2937636 | 44112 | SH |  | DFND |  | 44112 | 0 | 0 |
| NUTANIX INC | NOTE  0.250%10/0 | 67059NAH1 |  | 3735232 | 3155000 | PRN |  | DFND |  | 0 | 0 | 3155000 |
| NUTRIEN LTD | COM | 67077M108 |  | 78785 | 1583 | SH |  | DFND |  | 1583 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 216064633 | 1339923 | SH |  | DFND |  | 1133236 | 0 | 206687 |
| OKLO INC | COM CL A | 02156V109 |  | 2319622 | 52500 | SH |  | DFND |  | 52500 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 9746303 | 111345 | SH |  | DFND |  | 111345 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 318760 | 1980 | SH |  | DFND |  | 0 | 0 | 1980 |
| ON SEMICONDUCTOR CORP | NOTE         5/0 | 682189AS4 |  | 4993622 | 4900000 | PRN |  | DFND |  | 0 | 0 | 4900000 |
| ON SEMICONDUCTOR CORP | NOTE  0.500% 3/0 | 682189AU9 |  | 758462 | 955000 | PRN |  | DFND |  | 0 | 0 | 955000 |
| ONCTERNAL THERAPEUTICS INC | COM NEW | 68236P206 |  | 74 | 175 | SH |  | DFND |  | 175 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 121863557 | 356056 | SH |  | DFND |  | 317797 | 0 | 38259 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 79 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 23118652 | 220964 | SH |  | DFND |  | 219966 | 0 | 998 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 64965190 | 348228 | SH |  | DFND |  | 312688 | 0 | 35540 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 53377198 | 68840 | SH |  | DFND |  | 61126 | 0 | 7714 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 362115 | 2044 | SH |  | DFND |  | 0 | 0 | 2044 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 911978 | 14254 | SH |  | DFND |  | 14254 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 5403166 | 56727 | SH |  | DFND |  | 29422 | 0 | 27305 |
| PEPSICO INC | COM | 713448108 |  | 9054369 | 42926 | SH |  | DFND |  | 38520 | 0 | 4406 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 431218 | 34813 | SH |  | DFND |  | 31900 | 0 | 2913 |
| PFIZER INC | COM | 717081103 |  | 2753148 | 129946 | SH |  | DFND |  | 129946 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 300781 | 24477 | SH |  | DFND |  | 12239 | 0 | 12238 |
| POOL CORP | COM | 73278L105 |  | 387835 | 1318 | SH |  | DFND |  | 0 | 0 | 1318 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 39934570 | 214004 | SH |  | DFND |  | 205676 | 0 | 8328 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1412084 | 6690 | SH |  | DFND |  | 6690 | 0 | 0 |
| PROSHARES TR | PSHS SHORT DOW30 | 74347B235 |  | 20493 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| PROSHARES TR | SHORT QQQ | 74349Y837 |  | 27081 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 315344 | 1860 | SH |  | DFND |  | 0 | 0 | 1860 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 1368950 | 5500 | SH |  | DFND |  | 0 | 0 | 5500 |
| PURE STORAGE INC | CL A | 74624M102 |  | 1711483 | 30771 | SH |  | DFND |  | 0 | 0 | 30771 |
| QUALCOMM INC | COM | 747525103 |  | 15156160 | 75207 | SH |  | DFND |  | 69030 | 0 | 6177 |
| QUANTA SVCS INC | COM | 74762E102 |  | 64095834 | 170339 | SH |  | DFND |  | 148269 | 0 | 22070 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 13240 | 2000 | SH |  | DFND |  | 2000 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 1577947 | 13800 | SH |  | DFND |  | 13800 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 9075 | 5 | SH | Put | DFND |  | 5 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 197442 | 9900 | SH |  | DFND |  | 9900 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 25820490 | 105963 | SH |  | DFND |  | 93083 | 0 | 12880 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 107772 | 2150 | SH |  | DFND |  | 2150 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 7175887 | 108092 | SH |  | DFND |  | 108092 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 62722677 | 117245 | SH |  | DFND |  | 30014 | 0 | 87231 |
| RTX CORPORATION | COM | 75513E101 |  | 27615185 | 208501 | SH |  | DFND |  | 196999 | 0 | 11502 |
| RUBRIK INC. | CL A | 781154109 |  | 4045178 | 57900 | SH |  | DFND |  | 57900 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 122994168 | 237560 | SH |  | DFND |  | 102913 | 0 | 134647 |
| SALESFORCE INC | COM | 79466L302 |  | 45172137 | 175054 | SH |  | DFND |  | 34298 | 0 | 140756 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 9092 | 190 | SH |  | DFND |  | 190 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 1550108 | 8400 | SH |  | DFND |  | 8400 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 202297 | 6766 | SH |  | DFND |  | 6766 | 0 | 0 |
| SEA LTD | NOTE  2.375%12/0 | 81141RAF7 |  | 1122558 | 745000 | PRN |  | DFND |  | 0 | 0 | 745000 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 3875480 | 27112 | SH |  | DFND |  | 13556 | 0 | 13556 |
| SEAGATE HDD CAYMAN | NOTE  3.500% 6/0 | 81180WBL4 |  | 4289740 | 2840000 | PRN |  | DFND |  | 0 | 0 | 2840000 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 772647 | 9058 | SH |  | DFND |  | 9058 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 929098 | 17928 | SH |  | DFND |  | 17730 | 0 | 198 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 24244 | 130 | SH |  | DFND |  | 130 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 49997 | 778 | SH |  | DFND |  | 778 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 443710 | 3313 | SH |  | DFND |  | 3313 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 5519 | 85 | SH |  | DFND |  | 0 | 0 | 85 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 974743 | 3887 | SH |  | DFND |  | 3887 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 57349 | 761 | SH |  | DFND |  | 761 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 525752 | 6470 | SH |  | DFND |  | 0 | 0 | 6470 |
| SERVICENOW INC | COM | 81762P102 |  | 55463450 | 57931 | SH |  | DFND |  | 52248 | 0 | 5683 |
| SHELL PLC | SPON ADS | 780259305 |  | 147392 | 2187 | SH |  | DFND |  | 2187 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE        12/1 | 82452JAB5 |  | 910948 | 850000 | PRN |  | DFND |  | 0 | 0 | 850000 |
| SHOPIFY INC | CL A | 82509L107 |  | 3530266 | 38850 | SH |  | DFND |  | 38850 | 0 | 0 |
| SHOPIFY INC | NOTE  0.125%11/0 | 82509LAA5 |  | 1972875 | 2282000 | PRN |  | DFND |  | 0 | 0 | 2282000 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 5152050 | 32100 | SH |  | DFND |  | 0 | 0 | 32100 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 22910 | 1190 | SH |  | DFND |  | 1190 | 0 | 0 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 65559365 | 19319 | SH |  | DFND |  | 0 | 0 | 19319 |
| SNOWFLAKE INC | CL A | 833445109 |  | 48442 | 255 | SH |  | DFND |  | 255 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 1283 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 56109 | 2500 | SH |  | DFND |  | 2500 | 0 | 0 |
| SOUTHERN CO | NOTE  3.875%12/1 | 842587DP9 |  | 3822908 | 4115000 | PRN |  | DFND |  | 0 | 0 | 4115000 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1830307 | 4226 | SH |  | DFND |  | 4226 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 6573460 | 23104 | SH |  | DFND |  | 23104 | 0 | 0 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 2363048 | 49680 | SH |  | DFND |  | 49680 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 29678691 | 46775 | SH |  | DFND |  | 46775 | 0 | 0 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 |  | 11994 | 200 | SH |  | DFND |  | 200 | 0 | 0 |
| SPDR SER TR | BLOOMBERG SHT TE | 78468R408 |  | 8127428 | 319600 | SH |  | DFND |  | 319600 | 0 | 0 |
| SPDR SER TR | PORTFOLIO INTRMD | 78464A375 |  | 12182527 | 363549 | SH |  | DFND |  | 363549 | 0 | 0 |
| SPDR SER TR | PORTFOLIO SHORT | 78464A474 |  | 1925047 | 63849 | SH |  | DFND |  | 63849 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 11589 | 300 | SH |  | DFND |  | 300 | 0 | 0 |
| SPOTIFY USA INC | NOTE         3/1 | 84921RAB6 |  | 5281613 | 4055000 | PRN |  | DFND |  | 0 | 0 | 4055000 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 2450561 | 15274 | SH |  | DFND |  | 0 | 0 | 15274 |
| STANTEC INC | COM | 85472N109 |  | 3645935 | 37222 | SH |  | DFND |  | 18600 | 0 | 18622 |
| STARBUCKS CORP | COM | 855244109 |  | 2415945 | 3375 | SH |  | DFND |  | 3375 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2629734 | 6736 | SH |  | DFND |  | 0 | 0 | 6736 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 94212 | 1669 | SH |  | DFND |  | 1669 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 194337 | 32679 | SH |  | DFND |  | 0 | 0 | 32679 |
| SYNOPSYS INC | COM | 871607107 |  | 2586537 | 5547 | SH |  | DFND |  | 4301 | 0 | 1246 |
| T2 BIOSYSTEMS INC | COM NEW | 89853L302 |  | 0 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 137177443 | 639662 | SH |  | DFND |  | 300439 | 0 | 339223 |
| TARGA RES CORP | COM | 87612G101 |  | 569449 | 3716 | SH |  | DFND |  | 1858 | 0 | 1858 |
| TASEKO MINES LTD | COM | 876511106 |  | 64 | 26 | SH |  | DFND |  | 26 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 584394 | 13796 | SH |  | DFND |  | 6898 | 0 | 6898 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 230312 | 6402 | SH |  | DFND |  | 3201 | 0 | 3201 |
| TELADOC HEALTH INC | NOTE  1.250% 6/0 | 87918AAF2 |  | 118079 | 128000 | PRN |  | DFND |  | 0 | 0 | 128000 |
| TENAX THERAPEUTICS INC | COM NEW | 88032L605 |  | 5 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 1552470 | 91468 | SH |  | DFND |  | 46594 | 0 | 44874 |
| TESLA INC | COM | 88160R101 |  | 2934280 | 9732 | SH |  | DFND |  | 8962 | 0 | 770 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 3736546 | 103649 | SH |  | DFND |  | 0 | 0 | 103649 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 335200 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 9745799 | 21509 | SH |  | DFND |  | 17519 | 0 | 3990 |
| THE LION ELECTRIC COMPANY | COMMON STOCK | 536221104 |  | 99 | 2500 | SH |  | DFND |  | 2500 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7645074 | 20895 | SH |  | DFND |  | 12660 | 0 | 8235 |
| TJX COS INC NEW | COM | 872540109 |  | 26720107 | 186361 | SH |  | DFND |  | 176984 | 0 | 9377 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 1634757 | 11400 | SH |  | DFND |  | 11400 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 475633 | 11194 | SH |  | DFND |  | 0 | 0 | 11194 |
| TOLL BROTHERS INC | COM | 889478103 |  | 13842809 | 121100 | SH |  | DFND |  | 0 | 0 | 121100 |
| TOPBUILD CORP | COM | 89055F103 |  | 1444506 | 4501 | SH |  | DFND |  | 0 | 0 | 4501 |
| TORO CO | COM | 891092108 |  | 398937 | 5622 | SH |  | DFND |  | 0 | 0 | 5622 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 70398 | 1133 | SH |  | DFND |  | 1133 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 13038 | 212 | SH |  | DFND |  | 212 | 0 | 0 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 13005 | 74 | SH |  | DFND |  | 74 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 375996 | 7253 | SH |  | DFND |  | 0 | 0 | 7253 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 913851 | 771 | SH |  | DFND |  | 582 | 0 | 189 |
| TRINITY CAP INC | COM | 896442308 |  | 24657905 | 11760 | SH |  | DFND |  | 0 | 0 | 11760 |
| TYLER TEX INDPT SCH DIST | NOTE  0.250% 3/1 | 902252AB1 |  | 2838412 | 2740000 | PRN |  | DFND |  | 0 | 0 | 2740000 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1326308 | 14511 | SH |  | DFND |  | 3779 | 0 | 10732 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 20777 | 341 | SH |  | DFND |  | 341 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 15543179 | 48142 | SH |  | DFND |  | 43651 | 0 | 4491 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 6880 | 68 | SH |  | DFND |  | 68 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 20066866 | 21344 | SH |  | DFND |  | 16977 | 0 | 4367 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 38021 | 123 | SH |  | DFND |  | 123 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 3136000 | 19600 | SH |  | DFND |  | 0 | 0 | 19600 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 104276 | 10706 | SH |  | DFND |  | 10706 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 110287 | 2174 | SH |  | DFND |  | 2174 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 412076 | 1480 | SH |  | DFND |  | 1480 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 415574 | 733 | SH |  | DFND |  | 733 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 187452 | 4292 | SH |  | DFND |  | 4292 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 926624 | 12561 | SH |  | DFND |  | 12561 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 18563674 | 227192 | SH |  | DFND |  | 227192 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 13745823 | 174089 | SH |  | DFND |  | 174089 | 0 | 0 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 140764 | 2535 | SH |  | DFND |  | 2535 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 731386 | 1114 | SH |  | DFND |  | 1114 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 166209 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 3519250 | 14167 | SH |  | DFND |  | 8908 | 0 | 5259 |
| VENTAS RLTY LTD PARTNERSHIP | NOTE  3.750% 6/0 | 92277GAZ0 |  | 2606942 | 2550000 | PRN |  | DFND |  | 0 | 0 | 2550000 |
| VEON LTD | SPONSORED ADS | 91822M502 |  | 11347 | 319 | SH |  | DFND |  | 319 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 2917514 | 28852 | SH |  | DFND |  | 0 | 0 | 28852 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 610565 | 2001 | SH |  | DFND |  | 0 | 0 | 2001 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 442849 | 17497 | SH |  | DFND |  | 0 | 0 | 17497 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 61341 | 139 | SH |  | DFND |  | 139 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 22014863 | 201247 | SH |  | DFND |  | 178814 | 0 | 22433 |
| VIRGIN GALACTIC HOLDINGS INC | COM NEW | 92766K403 |  | 1762 | 616 | SH |  | DFND |  | 616 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 182258445 | 525630 | SH |  | DFND |  | 287514 | 0 | 238116 |
| VISTRA CORP | COM | 92840M102 |  | 13036036 | 80122 | SH |  | DFND |  | 75465 | 0 | 4657 |
| VITAL FARMS INC | COM | 92847W103 |  | 298095 | 7979 | SH |  | DFND |  | 0 | 0 | 7979 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 4469 | 581 | SH |  | DFND |  | 581 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 3749390 | 36000 | SH |  | DFND |  | 36000 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 2923129 | 14170 | SH |  | DFND |  | 0 | 0 | 14170 |
| WALMART INC | COM | 931142103 |  | 16863638 | 112423 | SH |  | DFND |  | 102117 | 0 | 10306 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 2449509 | 14095 | SH |  | DFND |  | 7568 | 0 | 6527 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 9204053 | 30589 | SH |  | DFND |  | 14597 | 0 | 15992 |
| WELLTOWER INC | COM | 95040Q104 |  | 1525314 | 12540 | SH |  | DFND |  | 12540 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 843791 | 11373 | SH |  | DFND |  | 0 | 0 | 11373 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2636343 | 100165 | SH |  | DFND |  | 0 | 0 | 100165 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 352475 | 3716 | SH |  | DFND |  | 1858 | 0 | 1858 |
| WILLIAMS COS INC | COM | 969457100 |  | 1578401 | 31500 | SH |  | DFND |  | 31500 | 0 | 0 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 20218 | 240 | SH |  | DFND |  | 240 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 8335233 | 38783 | SH |  | DFND |  | 32514 | 0 | 6269 |
| XCEL ENERGY INC | COM | 98389B100 |  | 583701 | 9838 | SH |  | DFND |  | 4919 | 0 | 4919 |
| XYLEM INC | COM | 98419M100 |  | 3819290 | 29501 | SH |  | DFND |  | 858 | 0 | 28643 |
| ZOETIS INC | CL A | 98978V103 |  | 215870 | 1450 | SH |  | DFND |  | 1450 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 64234 | 1124 | SH |  | DFND |  | 1124 | 0 | 0 |

---