# EDGAR Filing Document

**Accession Number:** 0001415912
**File Stem:** 0001178913-26-002681
**Filing Date:** 2026-5
**Character Count:** 40462
**Document Hash:** e30e716e746a2bfd8861a4a3f6d0acb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-26-002681.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001178913-26-002681

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Migdal Insurance & Financial Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001415912

**ORGANIZATION NAME:**
- **EIN:** 930000948
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17312
- **FILM NUMBER:** 26976358

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 4, EF'AL STREET
- **CITY:** PETACH TIKVA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 4951104
- **BUSINESS PHONE:** 972-3-9168959

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 4, EF'AL STREET
- **CITY:** PETACH TIKVA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 4951104

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Migdal Insurance  Financial Holdings Ltd.<br>**Address:** 4 EF'AL STREET<br>Petach Tikva, L3 4951104

**Form 13F File Number:** 028-17312

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:** Itai Yanai<br>**Title:** CFO<br>**Phone:** 972-76-8868490

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

/s/ Itai Yanai  Petach Tikva, L3  05-13-2026<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:** 4

**Form 13F Information Table Entry Total:** 362

**Form 13F Information Table Value Total:** $11533105961

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

| No.   | Name                                               | Form 13F File Number   |
|:---|:---|:---|
|  | Migdal Insurance Co Ltd                            | 028-17386              |
|  | Migdal Makefet Pension Funds  Provident Funds Ltd  | 028-17385              |
|  | Migdal Investment Portfolio Management (1998) Ltd. | 028-18263              |
|  | Migdal Mutual Funds Ltd                            | 028-18262              |

### 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 |
| ABBVIE INC | COM | 00287Y109 |  | 89638938 | 412152 | SH |  | DFND | 1234 | 412152 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 161891 | 666 | SH |  | DFND | 4 | 666 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 459400 | 4000 | SH |  | DFND | 4 | 4000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 36479115 | 290898 | SH |  | DFND | 1234 | 290898 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5175024 | 18535 | SH |  | DFND | 34 | 18535 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 440308016 | 1535050 | SH |  | DFND | 1234 | 1535050 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 62295 | 944 | SH |  | DFND | 4 | 944 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 297436635 | 1428130 | SH |  | DFND | 12 | 1428130 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 235440983 | 927700 | SH |  | DFND | 12 | 927700 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 138424950 | 405000 | SH |  | DFND | 12 | 405000 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 2501 | 37 | SH |  | DFND | 3 | 37 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 1324395 | 1027 | SH |  | DFND | 4 | 1027 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 55870901 | 286000 | SH |  | DFND | 12 | 286000 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 55454 | 284 | SH |  | DFND | 4 | 284 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 9343 | 22 | SH |  | DFND | 4 | 22 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 35587500 | 730000 | SH |  | DFND | 12 | 730000 | 0 | 0 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 727329 | 19759 | SH |  | DFND | 4 | 19759 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 105258 | 25 | SH |  | DFND | 4 | 25 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 31375000 | 500000 | SH |  | DFND | 12 | 500000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 88383985 | 285561 | SH |  | DFND | 1234 | 285561 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 2552 | 31 | SH |  | DFND | 4 | 31 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 412359 | 1484 | SH |  | DFND | 34 | 1484 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 71615805 | 659385 | SH |  | DFND | 12 | 659385 | 0 | 0 |
| CAMTEK LTD | ORD | M20791105 |  | 292364118 | 1928396 | SH |  | DFND | 12 | 1928396 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 48891 | 268 | SH |  | DFND | 4 | 268 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 10783 | 612 | SH |  | DFND | 4 | 612 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 94596 | 240 | SH |  | DFND | 4 | 240 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 869989 | 1228 | SH |  | DFND | 3 | 1228 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 38913 | 481 | SH |  | DFND | 4 | 481 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 102444 | 789 | SH |  | DFND | 4 | 789 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 28570000 | 200000 | SH |  | DFND | 12 | 200000 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 229452 | 1109 | SH |  | DFND | 3 | 1109 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 155730 | 4954 | SH |  | DFND | 4 | 4954 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 13199820 | 34000 | SH |  | DFND | 12 | 34000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3193363 | 41170 | SH |  | DFND | 34 | 41170 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1114254 | 10250 | SH |  | DFND | 4 | 10250 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 2290374 | 11100 | SH |  | DFND | 4 | 11100 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 99397 | 1307 | SH |  | DFND | 3 | 1307 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 13339760 | 56000 | SH |  | DFND | 12 | 56000 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 10826 | 62 | SH |  | DFND | 4 | 62 | 0 | 0 |
| COINSHARES BITCOIN ETF | COM | 91916J100 |  | 732316 | 38281 | SH |  | DFND | 4 | 38281 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 57871 | 679 | SH |  | DFND | 4 | 679 | 0 | 0 |
| COLUMBIA ETF TR II | INDIA CONSMR ETF | 19762B707 |  | 235272 | 4280 | SH |  | DFND | 4 | 4280 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 13790 | 10 | SH |  | DFND | 4 | 10 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 961224 | 7282 | SH |  | DFND | 34 | 7282 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 24016 | 86 | SH |  | DFND | 4 | 86 | 0 | 0 |
| CONSTELLATION ENERGY CORP | CALL | 21037T909 |  | 4752000 | 4800 | SH | Call | DFND | 12 | 4800 | 0 | 0 |
| CONSTELLATION ENERGY CORP | PUT | 21037T959 |  | 531900 | 2700 | SH | Put | DFND | 12 | 2700 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 13597000 | 100000 | SH |  | DFND | 12 | 100000 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 152454 | 153 | SH |  | DFND | 3 | 153 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1866160 | 4780 | SH |  | DFND | 4 | 4780 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 63217 | 1540 | SH |  | DFND | 4 | 1540 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 190 | 1 | SH |  | DFND | 4 | 1 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 114240 | 3500 | SH |  | DFND | 4 | 3500 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 712813 | 4329 | SH |  | DFND | 4 | 4329 | 0 | 0 |
| DIREXION SHARES ETF TRUST | NASDAQ 100 EQ WT | 25459Y207 |  | 556399 | 5647 | SH |  | DFND | 3 | 5647 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1157 | 12 | SH |  | DFND | 3 | 12 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 45419 | 958 | SH |  | DFND | 4 | 958 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 484750 | 35000 | SH |  | DFND | 4 | 35000 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 31156 | 615 | SH |  | DFND | 4 | 615 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 8525 | 45 | SH |  | DFND | 3 | 45 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 74037690 | 207000 | SH |  | DFND | 12 | 207000 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 60941 | 761 | SH |  | DFND | 4 | 761 | 0 | 0 |
| ELBIT SYS LTD | ORD | M3760D101 |  | 27255789 | 32100 | SH |  | DFND | 12 | 32100 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 114298898 | 124269 | SH |  | DFND | 1234 | 124269 | 0 | 0 |
| ENLIGHT RENEWABLE ENERGY LTD | SHS | M4056D110 |  | 111313015 | 1630721 | SH |  | DFND | 12 | 1630721 | 0 | 0 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 |  | 16417 | 153 | SH |  | DFND | 3 | 153 | 0 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GBL HLTCR | 301505723 |  | 476484 | 14430 | SH |  | DFND | 3 | 14430 | 0 | 0 |
| EXCHANGE TRADED CONCEPTS TRU | ROBO GLB ETF | 301505707 |  | 15739 | 230 | SH |  | DFND | 3 | 230 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 250588 | 1477 | SH |  | DFND | 3 | 1477 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1649181 | 5700 | SH |  | DFND | 4 | 5700 | 0 | 0 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 3401580 | 40061 | SH |  | DFND | 3 | 40061 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 45925 | 979 | SH |  | DFND | 4 | 979 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 48920 | 248 | SH |  | DFND | 4 | 248 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 33739E108 |  | 4686 | 264 | SH |  | DFND | 3 | 264 | 0 | 0 |
| FIRST TR EXCH TRD ALPHDX FD | EM SML CP ALPH | 33737J307 |  | 296088 | 6500 | SH |  | DFND | 4 | 6500 | 0 | 0 |
| FIRST TR EXCH TRD ALPHDX FD | INDIA NFTY50 EQW | 33737J802 |  | 102993 | 2000 | SH |  | DFND | 4 | 2000 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASD TECH DIV | 33738R118 |  | 995887 | 10633 | SH |  | DFND | 3 | 10633 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 71453 | 645 | SH |  | DFND | 3 | 645 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF | 33733E104 |  | 53337 | 575 | SH |  | DFND | 3 | 575 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | CLOUD COMPUTING | 33734X192 |  | 220373 | 2095 | SH |  | DFND | 4 | 2095 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 151417 | 647 | SH |  | DFND | 3 | 647 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 33739Q200 |  | 4030575 | 80919 | SH |  | DFND | 3 | 80919 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | INDXX NEXTG ETF | 33737K205 |  | 514615 | 4598 | SH |  | DFND | 3 | 4598 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 1933124 | 30909 | SH |  | DFND | 34 | 30909 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 3576677 | 21865 | SH |  | DFND | 34 | 21865 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 69745 | 1483 | SH |  | DFND | 3 | 1483 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337345102 |  | 868672 | 4022 | SH |  | DFND | 3 | 4022 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 14026 | 136 | SH |  | DFND | 3 | 136 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR TA HIYL | 33738D408 |  | 25153 | 620 | SH |  | DFND | 3 | 620 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740F557 |  | 157319 | 5035 | SH |  | DFND | 3 | 5035 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | SMITH UNCONSTRAI | 33740F888 |  | 76292 | 3080 | SH |  | DFND | 3 | 3080 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | VEST NASDAQ 100 | 33740F268 |  | 3396622 | 136778 | SH |  | DFND | 3 | 136778 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 62496 | 1120 | SH |  | DFND | 4 | 1120 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 2853336 | 34916 | SH |  | DFND | 34 | 34916 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE SOUTH KOREA | 35473P710 |  | 917010 | 23000 | SH |  | DFND | 4 | 23000 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE TAIWAN | 35473P686 |  | 286062 | 4200 | SH |  | DFND | 4 | 4200 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 169580 | 2885 | SH |  | DFND | 3 | 2885 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 552216 | 1946 | SH |  | DFND | 3 | 1946 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 65468 | 75 | SH |  | DFND | 4 | 75 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 753200 | 40000 | SH |  | DFND | 4 | 40000 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1257901 | 3665 | SH |  | DFND | 4 | 3665 | 0 | 0 |
| GILAT SATELLITE NETWORKS LTD | SHS NEW | M51474118 |  | 16387616 | 1091053 | SH |  | DFND | 12 | 1091053 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 61880280 | 444000 | SH |  | DFND | 12 | 444000 | 0 | 0 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 27610750 | 895000 | SH |  | DFND | 12 | 895000 | 0 | 0 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 899910 | 36700 | SH |  | DFND | 4 | 36700 | 0 | 0 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 223067 | 3249 | SH |  | DFND | 34 | 3249 | 0 | 0 |
| GLOBAL X FDS | FINTECH ETF | 37954Y814 |  | 40656 | 1760 | SH |  | DFND | 3 | 1760 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 970606 | 19102 | SH |  | DFND | 3 | 19102 | 0 | 0 |
| GLOBAL X FDS | X RUSSELL 2000 E | 37960A453 |  | 1059390 | 11250 | SH |  | DFND | 4 | 11250 | 0 | 0 |
| GLOBAL X FDS | U S ELECTRIFICAT | 37960A370 |  | 17688 | 550 | SH |  | DFND | 3 | 550 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 483417 | 4825 | SH |  | DFND | 3 | 4825 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 143818 | 170 | SH |  | DFND | 4 | 170 | 0 | 0 |
| GRANITESHARES ETF TR | NASDAQ SELECT DI | 38747R603 |  | 18610 | 340 | SH |  | DFND | 3 | 340 | 0 | 0 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 727647 | 24263 | SH |  | DFND | 4 | 24263 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 73725 | 1466 | SH |  | DFND | 4 | 1466 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 496306 | 19948 | SH |  | DFND | 4 | 19948 | 0 | 0 |
| HELLO GROUP INC | ADS | 423403104 |  | 46886 | 8140 | SH |  | DFND | 4 | 8140 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 5722 | 33 | SH |  | DFND | 4 | 33 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 745894 | 28799 | SH |  | DFND | 4 | 28799 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 880568 | 65179 | SH |  | DFND | 4 | 65179 | 0 | 0 |
| INNOVIZ TECHNOLOGIES LTD | SHS | M5R635108 |  | 880908 | 1392740 | SH |  | DFND | 12 | 1392740 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 31768260 | 719879 | SH |  | DFND | 1234 | 719879 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 79262 | 327 | SH |  | DFND | 3 | 327 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 202375 | 439 | SH |  | DFND | 34 | 439 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | CHINA TECHNLGY | 46138E800 |  | 116844780 | 2539000 | SH |  | DFND | 12 | 2539000 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 5325898 | 47506 | SH |  | DFND | 34 | 47506 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 171195900 | 2163750 | SH |  | DFND | 12 | 2163750 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 7765884 | 32731 | SH |  | DFND | 1234 | 32731 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2027 | 46138J585 |  | 54347 | 2430 | SH |  | DFND | 3 | 2430 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 639217 | 32730 | SH |  | DFND | 3 | 32730 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 924181 | 47092 | SH |  | DFND | 3 | 47092 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 |  | 12696656 | 547860 | SH |  | DFND | 3 | 547860 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 296916 | 5443 | SH |  | DFND | 4 | 5443 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 364648000 | 1900000 | SH |  | DFND | 12 | 1900000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 18001237 | 31221 | SH |  | DFND | 34 | 31221 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 727560 | 18937 | SH |  | DFND | 4 | 18937 | 0 | 0 |
| ISHARES INC | JP MRG EM CRP BD | 464286251 |  | 753341 | 16636 | SH |  | DFND | 3 | 16636 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 4943388 | 62845 | SH |  | DFND | 3 | 62845 | 0 | 0 |
| ISHARES INC | MSCI EURZONE ETF | 464286608 |  | 133298 | 2128 | SH |  | DFND | 3 | 2128 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 12298 | 310 | SH |  | DFND | 3 | 310 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 |  | 594028 | 8470 | SH |  | DFND | 4 | 8470 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 171890025 | 1397500 | SH |  | DFND | 124 | 1397500 | 0 | 0 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 12766065 | 268251 | SH |  | DFND | 3 | 268251 | 0 | 0 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 1624715 | 70840 | SH |  | DFND | 4 | 70840 | 0 | 0 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 760737 | 31385 | SH |  | DFND | 3 | 31385 | 0 | 0 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 393173 | 16220 | SH |  | DFND | 3 | 16220 | 0 | 0 |
| ISHARES TR | MSCI DENMARK ETF | 46429B523 |  | 942 | 9 | SH |  | DFND | 3 | 9 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 35465028 | 443036 | SH |  | DFND | 123 | 443036 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 4463816 | 32260 | SH |  | DFND | 23 | 32260 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 135700 | 1312 | SH |  | DFND | 3 | 1312 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 757249 | 9171 | SH |  | DFND | 3 | 9171 | 0 | 0 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 8711877 | 86496 | SH |  | DFND | 3 | 86496 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1001616 | 11554 | SH |  | DFND | 3 | 11554 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 15062 | 127 | SH |  | DFND | 3 | 127 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 3510570 | 36783 | SH |  | DFND | 3 | 36783 | 0 | 0 |
| ISHARES TR | BLOCKCHAIN  TEC | 46436E361 |  | 1717 | 47 | SH |  | DFND | 3 | 47 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 71800 | 2000 | SH |  | DFND | 4 | 2000 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 496104 | 5480 | SH |  | DFND | 3 | 5480 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 372983 | 571 | SH |  | DFND | 34 | 571 | 0 | 0 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 15149 | 125 | SH |  | DFND | 3 | 125 | 0 | 0 |
| ISHARES TR | EXPND TEC SC ETF | 464287549 |  | 2551876 | 21533 | SH |  | DFND | 34 | 21533 | 0 | 0 |
| ISHARES TR | GLOB INDSTRL ETF | 464288729 |  | 26608 | 147 | SH |  | DFND | 3 | 147 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 3704791 | 46969 | SH |  | DFND | 34 | 46969 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 2793610 | 8500 | SH |  | DFND | 34 | 8500 | 0 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 43152 | 821 | SH |  | DFND | 3 | 821 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 1183027 | 22229 | SH |  | DFND | 3 | 22229 | 0 | 0 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 |  | 944832 | 26600 | SH |  | DFND | 4 | 26600 | 0 | 0 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 35242 | 366 | SH |  | DFND | 3 | 366 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 10879 | 112 | SH |  | DFND | 3 | 112 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 5906619 | 104784 | SH |  | DFND | 34 | 104784 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 22233 | 488 | SH |  | DFND | 3 | 488 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 31199 | 130 | SH |  | DFND | 3 | 130 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 121799 | 635 | SH |  | DFND | 3 | 635 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 368326 | 1033 | SH |  | DFND | 4 | 1033 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 28699 | 224 | SH |  | DFND | 3 | 224 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 373984 | 1508 | SH |  | DFND | 4 | 1508 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 191160 | 601 | SH |  | DFND | 3 | 601 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 75105 | 664 | SH |  | DFND | 4 | 664 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 5900066 | 53462 | SH |  | DFND | 3 | 53462 | 0 | 0 |
| ISHARES TR | U.S. FIN SVC ETF | 464287770 |  | 828 | 10 | SH |  | DFND | 3 | 10 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 14577278 | 80351 | SH |  | DFND | 34 | 80351 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 5250 | 24 | SH |  | DFND | 3 | 24 | 0 | 0 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 48620 | 850 | SH |  | DFND | 3 | 850 | 0 | 0 |
| ISHARES TR | US TELECOM ETF | 464287713 |  | 19463 | 495 | SH |  | DFND | 3 | 495 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 487754 | 21290 | SH |  | DFND | 3 | 21290 | 0 | 0 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 2881425 | 38625 | SH |  | DFND | 1 | 38625 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 214165350 | 1965000 | SH |  | DFND | 12 | 1965000 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 268160 | 32000 | SH |  | DFND | 4 | 32000 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 421543 | 14374 | SH |  | DFND | 4 | 14374 | 0 | 0 |
| JEFFERIES FINANCIAL GROUP IN | COM | 47233W109 |  | 16425460 | 398000 | SH |  | DFND | 12 | 398000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 379615 | 1553 | SH |  | DFND | 34 | 1553 | 0 | 0 |
| JOYY INC | ADS REPSTG COM A | 46591M109 |  | 86359 | 1479 | SH |  | DFND | 4 | 1479 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 167164881 | 568434 | SH |  | DFND | 1234 | 568434 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 51515 | 534 | SH |  | DFND | 4 | 534 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 482950 | 328 | SH |  | DFND | 4 | 328 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 70007994 | 2462469 | SH |  | DFND | 1234 | 2462469 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 806018 | 11139 | SH |  | DFND | 34 | 11139 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 165679524 | 774687 | SH |  | DFND | 124 | 774687 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 4880 | 68 | SH |  | DFND | 4 | 68 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1088640 | 7000 | SH |  | DFND | 4 | 7000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 75072233 | 124220 | SH |  | DFND | 1234 | 124220 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 14055200 | 20000 | SH |  | DFND | 12 | 20000 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 83276 | 375 | SH |  | DFND | 4 | 375 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 49920 | 375 | SH |  | DFND | 4 | 375 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 1099158 | 11747 | SH |  | DFND | 4 | 11747 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 95235 | 296 | SH |  | DFND | 4 | 296 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 27542259 | 55122 | SH |  | DFND | 123 | 55122 | 0 | 0 |
| MERCADOLIBRE  INC | COM | 58733R102 |  | 20748240 | 12000 | SH |  | DFND | 12 | 12000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 37553641 | 310002 | SH |  | DFND | 124 | 310002 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 188551345 | 329583 | SH |  | DFND | 1234 | 329583 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 29546218 | 457301 | SH |  | DFND | 124 | 457301 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 114343887 | 338307 | SH |  | DFND | 1234 | 338307 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 140495153 | 379779 | SH |  | DFND | 1234 | 379779 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 576 | 10 | SH |  | DFND | 3 | 10 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 78721 | 72 | SH |  | DFND | 4 | 72 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 29821401 | 181208 | SH |  | DFND | 124 | 181208 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 74209 | 171 | SH |  | DFND | 4 | 171 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 44537 | 474 | SH |  | DFND | 4 | 474 | 0 | 0 |
| NAYAX LTD | SHS | M7S750159 |  | 16800000 | 300000 | SH |  | DFND | 12 | 300000 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 353159 | 3673 | SH |  | DFND | 34 | 3673 | 0 | 0 |
| NETSCOUT SYS INC | COM | 64115T104 |  | 127160 | 4000 | SH |  | DFND | 4 | 4000 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 160210 | 1480 | SH |  | DFND | 3 | 1480 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 969110 | 10434 | SH |  | DFND | 34 | 10434 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 86434 | 717 | SH |  | DFND | 4 | 717 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 101579230 | 921270 | SH |  | DFND | 12 | 921270 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 634 | 12 | SH |  | DFND | 4 | 12 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 55678 | 194 | SH |  | DFND | 4 | 194 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 68224000 | 100000 | SH |  | DFND | 124 | 100000 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 681236362 | 1568657 | SH |  | DFND | 12 | 1568657 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 102165 | 2780 | SH |  | DFND | 3 | 2780 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 35154625 | 462500 | SH |  | DFND | 12 | 462500 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 336829335 | 1931281 | SH |  | DFND | 1234 | 1931281 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 1227876 | 15600 | SH |  | DFND | 4 | 15600 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 50527 | 816 | SH |  | DFND | 4 | 816 | 0 | 0 |
| ONESPAN INC | COM | 68287N100 |  | 21060 | 2000 | SH |  | DFND | 4 | 2000 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 84079 | 410 | SH |  | DFND | 4 | 410 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 69142 | 470 | SH |  | DFND | 4 | 470 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 129997990 | 1161526 | SH |  | DFND | 12 | 1161526 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 319037 | 2181 | SH |  | DFND | 3 | 2181 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 51859932 | 323730 | SH |  | DFND | 1234 | 323730 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 87734 | 98 | SH |  | DFND | 3 | 98 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 245554 | 5429 | SH |  | DFND | 34 | 5429 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 162466 | 1590 | SH |  | DFND | 4 | 1590 | 0 | 0 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 12858149 | 1287102 | SH |  | DFND | 12 | 1287102 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 300875 | 14500 | SH |  | DFND | 4 | 14500 | 0 | 0 |
| PGIM SHORT DUR HIG YLD OPP F | COM | 69355J104 |  | 3140 | 196 | SH |  | DFND | 3 | 196 | 0 | 0 |
| PIMCO ETF TR | 0-5 HIGH YIELD | 72201R783 |  | 829170 | 8890 | SH |  | DFND | 3 | 8890 | 0 | 0 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 5344390 | 53141 | SH |  | DFND | 3 | 53141 | 0 | 0 |
| PLUG PWR INC | COM NEW | 72919P202 |  | 183060 | 81000 | SH |  | DFND | 3 | 81000 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 104141 | 721 | SH |  | DFND | 3 | 721 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 818723 | 6194 | SH |  | DFND | 34 | 6194 | 0 | 0 |
| PROSHARES TR | BITCOIN ETF | 74347G440 |  | 170978 | 18365 | SH |  | DFND | 4 | 18365 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 30743 | 290 | SH |  | DFND | 3 | 290 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 53291 | 374 | SH |  | DFND | 4 | 374 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 368129 | 2862 | SH |  | DFND | 34 | 2862 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 394183 | 4487 | SH |  | DFND | 4 | 4487 | 0 | 0 |
| RAPID7 INC | COM | 753422104 |  | 55100 | 10000 | SH |  | DFND | 4 | 10000 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 60110 | 321 | SH |  | DFND | 4 | 321 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 60610 | 270 | SH |  | DFND | 4 | 270 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 42913 | 460 | SH |  | DFND | 3 | 460 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 15177 | 219 | SH |  | DFND | 4 | 219 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 71055 | 328 | SH |  | DFND | 4 | 328 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 937108 | 4858 | SH |  | DFND | 34 | 4858 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 440730 | 9000 | SH |  | DFND | 4 | 9000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 52742 | 124 | SH |  | DFND | 4 | 124 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 171736 | 920 | SH |  | DFND | 4 | 920 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 51462540 | 81000 | SH |  | DFND | 12 | 81000 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 114258 | 662 | SH |  | DFND | 3 | 662 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 552014 | 18950 | SH |  | DFND | 3 | 18950 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 31792500 | 81000 | SH |  | DFND | 12 | 81000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 154532 | 1885 | SH |  | DFND | 4 | 1885 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 72269 | 1770 | SH |  | DFND | 4 | 1770 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 305439698 | 2755184 | SH |  | DFND | 123 | 2755184 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 322616981 | 2960332 | SH |  | DFND | 1234 | 2960332 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 78566624 | 1282511 | SH |  | DFND | 1234 | 1282511 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 93497350 | 1893809 | SH |  | DFND | 1234 | 1893809 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 99716645 | 680149 | SH |  | DFND | 123 | 680149 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 648701305 | 4011198 | SH |  | DFND | 1234 | 4011198 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 84976533 | 1700551 | SH |  | DFND | 123 | 1700551 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 571047644 | 4296822 | SH |  | DFND | 123 | 4296822 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 158400349 | 3451740 | SH |  | DFND | 1234 | 3451740 | 0 | 0 |
| SENTINELONE INC | CL A | 81730H109 |  | 128800 | 10000 | SH |  | DFND | 4 | 10000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 218614 | 2091 | SH |  | DFND | 34 | 2091 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 602315 | 6170 | SH |  | DFND | 4 | 6170 | 0 | 0 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 14868 | 340 | SH |  | DFND | 4 | 340 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 650200 | 42785 | SH |  | DFND | 34 | 42785 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 48290519 | 946186 | SH |  | DFND | 1234 | 946186 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 44013 | 456 | SH |  | DFND | 3 | 456 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X202 |  | 3855292 | 62102 | SH |  | DFND | 3 | 62102 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG EMERGI | 78464A391 |  | 34366 | 1665 | SH |  | DFND | 3 | 1665 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 3843547 | 15139 | SH |  | DFND | 34 | 15139 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 28813241 | 859071 | SH |  | DFND | 3 | 859071 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A474 |  | 1047970 | 34851 | SH |  | DFND | 3 | 34851 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R739 |  | 100443 | 2100 | SH |  | DFND | 3 | 2100 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R622 |  | 2980202 | 31450 | SH |  | DFND | 4 | 31450 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 99864 | 1765 | SH |  | DFND | 4 | 1765 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 57478500 | 450000 | SH |  | DFND | 12 | 450000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 89673142 | 830230 | SH |  | DFND | 123 | 830230 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A714 |  | 2695745 | 33500 | SH |  | DFND | 1 | 33500 | 0 | 0 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 28255 | 61 | SH |  | DFND | 3 | 61 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 28170668 | 43414 | SH |  | DFND | 34 | 43414 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 59869 | 147 | SH |  | DFND | 4 | 147 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 162160 | 409 | SH |  | DFND | 3 | 409 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 304361741 | 898092 | SH |  | DFND | 1234 | 898092 | 0 | 0 |
| TAT TECHNOLOGIES LTD | ORD NEW | M8740S227 |  | 19097116 | 470025 | SH |  | DFND | 12 | 470025 | 0 | 0 |
| TENABLE HLDGS INC | COM | 88025T102 |  | 422875 | 25000 | SH |  | DFND | 4 | 25000 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 32706060 | 110322 | SH |  | DFND | 124 | 110322 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 108619435 | 292205 | SH |  | DFND | 1234 | 292205 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 1141614625 | 37902212 | SH |  | DFND | 12 | 37902212 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 30892916 | 159127 | SH |  | DFND | 124 | 159127 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 892723 | 5590 | SH |  | DFND | 34 | 5590 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 84693 | 420 | SH |  | DFND | 4 | 420 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 581363 | 2768 | SH |  | DFND | 34 | 2768 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 353680993 | 2015506 | SH |  | DFND | 12 | 2015506 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 53681 | 1185 | SH |  | DFND | 4 | 1185 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 20837000 | 50000 | SH |  | DFND | 12 | 50000 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 87879 | 1765 | SH |  | DFND | 4 | 1765 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 91849 | 730 | SH |  | DFND | 4 | 730 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 48960 | 143 | SH |  | DFND | 4 | 143 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 34526400 | 480000 | SH |  | DFND | 12 | 480000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 58471 | 241 | SH |  | DFND | 4 | 241 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 55978 | 569 | SH |  | DFND | 4 | 569 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 160189 | 592 | SH |  | DFND | 34 | 592 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 4388 | 200 | SH |  | DFND | 4 | 200 | 0 | 0 |
| UROGEN PHARMA LTD | COM | M96088105 |  | 13860944 | 770909 | SH |  | DFND | 12 | 770909 | 0 | 0 |
| VALENS SEMICONDUCTOR LTD | ORDINARY SHARES | M9607U115 |  | 202966 | 179616 | SH |  | DFND | 2 | 179616 | 0 | 0 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 2872 | 100 | SH |  | DFND | 3 | 100 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 63822 | 660 | SH |  | DFND | 3 | 660 | 0 | 0 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 15983 | 120 | SH |  | DFND | 3 | 120 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 124807200 | 1360000 | SH |  | DFND | 12 | 1360000 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 291548075 | 760447 | SH |  | DFND | 124 | 760447 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 33359 | 453 | SH |  | DFND | 3 | 453 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9342694 | 15635 | SH |  | DFND | 34 | 15635 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 10329145 | 52646 | SH |  | DFND | 34 | 52646 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 9955331 | 132561 | SH |  | DFND | 34 | 132561 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 24323 | 450 | SH |  | DFND | 3 | 450 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 507274 | 6154 | SH |  | DFND | 3 | 6154 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 142816 | 1302 | SH |  | DFND | 4 | 1302 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 59550 | 1000 | SH |  | DFND | 2 | 1000 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 397366 | 4802 | SH |  | DFND | 3 | 4802 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 3506743 | 44238 | SH |  | DFND | 3 | 44238 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1642563 | 25633 | SH |  | DFND | 4 | 25633 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 13954 | 20 | SH |  | DFND | 3 | 20 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 579690 | 27000 | SH |  | DFND | 4 | 27000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 4527 | 90 | SH |  | DFND | 4 | 90 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 64748 | 145 | SH |  | DFND | 4 | 145 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 63941000 | 255172 | SH |  | DFND | 1234 | 255172 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 29475453 | 97527 | SH |  | DFND | 1234 | 97527 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 13229 | 88 | SH |  | DFND | 4 | 88 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 194729 | 1575 | SH |  | DFND | 34 | 1575 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 662579 | 8464 | SH |  | DFND | 4 | 8464 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 36245660 | 134000 | SH |  | DFND | 12 | 134000 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 15691 | 291 | SH |  | DFND | 4 | 291 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 59987 | 329 | SH |  | DFND | 4 | 329 | 0 | 0 |
| WIPRO LTD | SPON ADR 1 SH | 97651M109 |  | 219954 | 103752 | SH |  | DFND | 4 | 103752 | 0 | 0 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 5753 | 110 | SH |  | DFND | 3 | 110 | 0 | 0 |
| WISDOMTREE TR | EUROPE SMCP DV | 97717W869 |  | 33715 | 470 | SH |  | DFND | 3 | 470 | 0 | 0 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 1478657 | 36249 | SH |  | DFND | 4 | 36249 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 98831 | 508 | SH |  | DFND | 4 | 508 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 61587 | 521 | SH |  | DFND | 4 | 521 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 982030 | 7000 | SH |  | DFND | 4 | 7000 | 0 | 0 |

---