# EDGAR Filing Document

**Accession Number:** 0001911284
**File Stem:** 0001911284-25-000010
**Filing Date:** 2025-11
**Character Count:** 25814
**Document Hash:** d6e6753f0f230d752040565996306e02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001911284-25-000010.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001911284-25-000010

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22443
- **FILM NUMBER:** 251475365

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

Martin Schoeffel  Vaduz, N2  11-13-2025<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:** 233

**Form 13F Information Table Value Total:** $1235889608

      (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 |  | 220272 | 1412 | SH |  | DFND | 1 | 0 | 0 | 1412 |
| ABBOTT LABS | COM | 002824100 |  | 17804765 | 133399 | SH |  | DFND | 1 | 0 | 0 | 133399 |
| ABBVIE INC | COM | 00287Y109 |  | 2823567 | 11554 | SH |  | DFND | 1 | 0 | 0 | 11554 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 2764890 | 11345 | SH |  | DFND | 1 | 0 | 0 | 11345 |
| ADOBE INC | COM | 00724F101 |  | 2272333 | 6611 | SH |  | DFND | 1 | 0 | 0 | 6611 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 805781 | 4913 | SH |  | DFND | 1 | 0 | 0 | 4913 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 9316457 | 75904 | SH |  | DFND | 1 | 0 | 0 | 75904 |
| AFLAC INC | COM | 001055102 |  | 2000034 | 18059 | SH |  | DFND | 1 | 0 | 0 | 18059 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 340907 | 2460 | SH |  | DFND | 1 | 0 | 0 | 2460 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 2395247 | 14050 | SH |  | DFND | 1 | 0 | 0 | 14050 |
| AIRBNB INC | COM CL A | 009066101 |  | 1957120 | 16000 | SH |  | DFND | 1 | 0 | 0 | 16000 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 283187 | 3734 | SH |  | DFND | 1 | 0 | 0 | 3734 |
| ALCON AG | ORD SHS | H01301128 |  | 2772913 | 37154 | SH |  | DFND | 1 | 0 | 0 | 37154 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 402116 | 2200 | SH |  | DFND | 1 | 0 | 0 | 2200 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 2548230 | 151500 | SH |  | DFND | 1 | 0 | 0 | 151500 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 351435 | 20000 | SH |  | DFND | 1 | 0 | 0 | 20000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 26669573 | 108616 | SH |  | DFND | 1 | 0 | 0 | 108616 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 40059273 | 163574 | SH |  | DFND | 1 | 0 | 0 | 163574 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3725498 | 56200 | SH |  | DFND | 1 | 0 | 0 | 56200 |
| AMAZON COM INC | COM | 023135106 |  | 58328836 | 264374 | SH |  | DFND | 1 | 0 | 0 | 264374 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 875612 | 2665 | SH |  | DFND | 1 | 0 | 0 | 2665 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2735865 | 14152 | SH |  | DFND | 1 | 0 | 0 | 14152 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 1962674 | 14424 | SH |  | DFND | 1 | 0 | 0 | 14424 |
| AMETEK INC | COM | 031100100 |  | 2620036 | 13978 | SH |  | DFND | 1 | 0 | 0 | 13978 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 585902 | 4700 | SH |  | DFND | 1 | 0 | 0 | 4700 |
| ANALOG DEVICES INC | COM | 032654105 |  | 452239 | 1890 | SH |  | DFND | 1 | 0 | 0 | 1890 |
| AON PLC | SHS CL A | G0403H108 |  | 1374976 | 3818 | SH |  | DFND | 1 | 0 | 0 | 3818 |
| APPLE INC | COM | 037833100 |  | 50419955 | 197377 | SH |  | DFND | 1 | 0 | 0 | 197377 |
| APPLIED MATLS INC | COM | 038222105 |  | 3935433 | 18074 | SH |  | DFND | 1 | 0 | 0 | 18074 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 211227 | 300 | SH |  | DFND | 1 | 0 | 0 | 300 |
| ARIS MNG CORP | COM | 04040Y109 |  | 507540 | 50000 | SH |  | DFND | 1 | 0 | 0 | 50000 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 3659503 | 24516 | SH |  | DFND | 1 | 0 | 0 | 24516 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 3370857 | 39958 | SH |  | DFND | 1 | 0 | 0 | 39958 |
| AT INC | COM | 00206R102 |  | 4226170 | 153400 | SH |  | DFND | 1 | 0 | 0 | 153400 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1807982 | 6200 | SH |  | DFND | 1 | 0 | 0 | 6200 |
| AUTOZONE INC | COM | 053332102 |  | 4405135 | 1037 | SH |  | DFND | 1 | 0 | 0 | 1037 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 391619 | 8098 | SH |  | DFND | 1 | 0 | 0 | 8098 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 4972814 | 1534819 | SH |  | DFND | 1 | 0 | 0 | 1534819 |
| BANK AMERICA CORP | COM | 060505104 |  | 6423943 | 126755 | SH |  | DFND | 1 | 0 | 0 | 126755 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 3365145 | 31500 | SH |  | DFND | 1 | 0 | 0 | 31500 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 9696781 | 13 | SH |  | DFND | 1 | 0 | 0 | 13 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 39127632 | 78538 | SH |  | DFND | 1 | 0 | 0 | 78538 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 5288736 | 185700 | SH |  | DFND | 1 | 0 | 0 | 185700 |
| BLACKROCK INC | COM | 09290D101 |  | 21442987 | 18792 | SH |  | DFND | 1 | 0 | 0 | 18792 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 13569020 | 2536 | SH |  | DFND | 1 | 0 | 0 | 2536 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 5202163 | 54274 | SH |  | DFND | 1 | 0 | 0 | 54274 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 372041 | 7844 | SH |  | DFND | 1 | 0 | 0 | 7844 |
| BROADCOM INC | COM | 11135F101 |  | 18919549 | 56749 | SH |  | DFND | 1 | 0 | 0 | 56749 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 12148898 | 178635 | SH |  | DFND | 1 | 0 | 0 | 178635 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 3225805 | 9165 | SH |  | DFND | 1 | 0 | 0 | 9165 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 3486000 | 37500 | SH |  | DFND | 1 | 0 | 0 | 37500 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 5719185 | 76388 | SH |  | DFND | 1 | 0 | 0 | 76388 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 341568 | 1600 | SH |  | DFND | 1 | 0 | 0 | 1600 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 4279903 | 27100 | SH |  | DFND | 1 | 0 | 0 | 27100 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 2516220 | 4500 | SH |  | DFND | 1 | 0 | 0 | 4500 |
| CATERPILLAR INC | COM | 149123101 |  | 4220638 | 8778 | SH |  | DFND | 1 | 0 | 0 | 8778 |
| CELESTICA INC | COM | 15101Q207 |  | 4510430 | 17850 | SH |  | DFND | 1 | 0 | 0 | 17850 |
| CENCORA INC | COM | 03073E105 |  | 3841942 | 12323 | SH |  | DFND | 1 | 0 | 0 | 12323 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 382982 | 1650 | SH |  | DFND | 1 | 0 | 0 | 1650 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1700225 | 10999 | SH |  | DFND | 1 | 0 | 0 | 10999 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 601307 | 15430 | SH |  | DFND | 1 | 0 | 0 | 15430 |
| CHUBB LIMITED | COM | H1467J104 |  | 7695156 | 27345 | SH |  | DFND | 1 | 0 | 0 | 27345 |
| CINTAS CORP | COM | 172908105 |  | 407280 | 2000 | SH |  | DFND | 1 | 0 | 0 | 2000 |
| CISCO SYS INC | COM | 17275R102 |  | 631606 | 9187 | SH |  | DFND | 1 | 0 | 0 | 9187 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3266116 | 33088 | SH |  | DFND | 1 | 0 | 0 | 33088 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 4383294 | 138100 | SH |  | DFND | 1 | 0 | 0 | 138100 |
| CME GROUP INC | COM | 12572Q105 |  | 8965188 | 33724 | SH |  | DFND | 1 | 0 | 0 | 33724 |
| COCA COLA CO | COM | 191216100 |  | 22674014 | 339533 | SH |  | DFND | 1 | 0 | 0 | 339533 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 242561 | 3070 | SH |  | DFND | 1 | 0 | 0 | 3070 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 6680482 | 69982 | SH |  | DFND | 1 | 0 | 0 | 69982 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 490850 | 5000 | SH |  | DFND | 1 | 0 | 0 | 5000 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 768471 | 2190 | SH |  | DFND | 1 | 0 | 0 | 2190 |
| CORNING INC | COM | 219350105 |  | 277455 | 3338 | SH |  | DFND | 1 | 0 | 0 | 3338 |
| COSTAR GROUP INC | COM | 22160N109 |  | 4346052 | 52061 | SH |  | DFND | 1 | 0 | 0 | 52061 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 509124 | 555 | SH |  | DFND | 1 | 0 | 0 | 555 |
| CRH PLC | ORD | G25508105 |  | 780943 | 6516 | SH |  | DFND | 1 | 0 | 0 | 6516 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 864931 | 1730 | SH |  | DFND | 1 | 0 | 0 | 1730 |
| D R HORTON INC | COM | 23331A109 |  | 397129 | 2303 | SH |  | DFND | 1 | 0 | 0 | 2303 |
| DANAHER CORPORATION | COM | 235851102 |  | 2242265 | 10533 | SH |  | DFND | 1 | 0 | 0 | 10533 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 7099715 | 200000 | SH |  | DFND | 1 | 0 | 0 | 200000 |
| DISNEY WALT CO | COM | 254687106 |  | 903487 | 7999 | SH |  | DFND | 1 | 0 | 0 | 7999 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1976654 | 19830 | SH |  | DFND | 1 | 0 | 0 | 19830 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 3189060 | 10500 | SH |  | DFND | 1 | 0 | 0 | 10500 |
| EATON CORP PLC | SHS | G29183103 |  | 4893939 | 13091 | SH |  | DFND | 1 | 0 | 0 | 13091 |
| ECOLAB INC | COM | 278865100 |  | 593632 | 2201 | SH |  | DFND | 1 | 0 | 0 | 2201 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 5011190 | 15064 | SH |  | DFND | 1 | 0 | 0 | 15064 |
| ELI LILLY  CO | COM | 532457108 |  | 22642096 | 27431 | SH |  | DFND | 1 | 0 | 0 | 27431 |
| EMERSON ELEC CO | COM | 291011104 |  | 3074044 | 23432 | SH |  | DFND | 1 | 0 | 0 | 23432 |
| EOG RES INC | COM | 26875P101 |  | 3953312 | 35529 | SH |  | DFND | 1 | 0 | 0 | 35529 |
| EQUIFAX INC | COM | 294429105 |  | 4642734 | 18290 | SH |  | DFND | 1 | 0 | 0 | 18290 |
| EQUINIX INC | COM | 29444U700 |  | 393167 | 508 | SH |  | DFND | 1 | 0 | 0 | 508 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 1524600 | 140000 | SH |  | DFND | 1 | 0 | 0 | 140000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 5421436 | 48410 | SH |  | DFND | 1 | 0 | 0 | 48410 |
| FASTENAL CO | COM | 311900104 |  | 4412764 | 92472 | SH |  | DFND | 1 | 0 | 0 | 92472 |
| FERRARI N V | COM | N3167Y103 |  | 2907613 | 5931 | SH |  | DFND | 1 | 0 | 0 | 5931 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 378774 | 5695 | SH |  | DFND | 1 | 0 | 0 | 5695 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 258960 | 5839 | SH |  | DFND | 1 | 0 | 0 | 5839 |
| FIRST SOLAR INC | COM | 336433107 |  | 366457 | 1630 | SH |  | DFND | 1 | 0 | 0 | 1630 |
| FISERV INC | COM | 337738108 |  | 1231899 | 9770 | SH |  | DFND | 1 | 0 | 0 | 9770 |
| FORTINET INC | COM | 34959E109 |  | 6842424 | 80329 | SH |  | DFND | 1 | 0 | 0 | 80329 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3471583 | 88810 | SH |  | DFND | 1 | 0 | 0 | 88810 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 3347419 | 10945 | SH |  | DFND | 1 | 0 | 0 | 10945 |
| GE AEROSPACE | COM NEW | 369604301 |  | 2271945 | 7551 | SH |  | DFND | 1 | 0 | 0 | 7551 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 219684 | 1653 | SH |  | DFND | 1 | 0 | 0 | 1653 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 11682839 | 27420 | SH |  | DFND | 1 | 0 | 0 | 27420 |
| HEICO CORP NEW | COM | 422806109 |  | 415753 | 1300 | SH |  | DFND | 1 | 0 | 0 | 1300 |
| HOME DEPOT INC | COM | 437076102 |  | 5130689 | 12923 | SH |  | DFND | 1 | 0 | 0 | 12923 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2442922 | 11623 | SH |  | DFND | 1 | 0 | 0 | 11623 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 323451 | 1660 | SH |  | DFND | 1 | 0 | 0 | 1660 |
| HUMANA INC | COM | 444859102 |  | 211482 | 857 | SH |  | DFND | 1 | 0 | 0 | 857 |
| IDEXX LABS INC | COM | 45168D104 |  | 316256 | 510 | SH |  | DFND | 1 | 0 | 0 | 510 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1230075 | 75142 | SH |  | DFND | 1 | 0 | 0 | 75142 |
| INSULET CORP | COM | 45784P101 |  | 480389 | 1570 | SH |  | DFND | 1 | 0 | 0 | 1570 |
| INTEL CORP | COM | 458140100 |  | 2292253 | 63780 | SH |  | DFND | 1 | 0 | 0 | 63780 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 251047 | 3650 | SH |  | DFND | 1 | 0 | 0 | 3650 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 6159827 | 37874 | SH |  | DFND | 1 | 0 | 0 | 37874 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2388467 | 8337 | SH |  | DFND | 1 | 0 | 0 | 8337 |
| INTUIT | COM | 461202103 |  | 4693307 | 6907 | SH |  | DFND | 1 | 0 | 0 | 6907 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1785889 | 4077 | SH |  | DFND | 1 | 0 | 0 | 4077 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2699027 | 14507 | SH |  | DFND | 1 | 0 | 0 | 14507 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 17009198 | 54743 | SH |  | DFND | 1 | 0 | 0 | 54743 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 984269 | 38448 | SH |  | DFND | 1 | 0 | 0 | 38448 |
| KINROSS GOLD CORP | COM | 496902404 |  | 4966278 | 194900 | SH |  | DFND | 1 | 0 | 0 | 194900 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 5405315 | 37855 | SH |  | DFND | 1 | 0 | 0 | 37855 |
| LGI HOMES INC | COM | 50187T106 |  | 4268915 | 81081 | SH |  | DFND | 1 | 0 | 0 | 81081 |
| LOGITECH INTL S A | SHS | H50430232 |  | 852318 | 7807 | SH |  | DFND | 1 | 0 | 0 | 7807 |
| LOWES COS INC | COM | 548661107 |  | 303044 | 1222 | SH |  | DFND | 1 | 0 | 0 | 1222 |
| MARATHON PETE CORP | COM | 56585A102 |  | 279426 | 1453 | SH |  | DFND | 1 | 0 | 0 | 1453 |
| MARKEL GROUP INC | COM | 570535104 |  | 1446125 | 767 | SH |  | DFND | 1 | 0 | 0 | 767 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 858301 | 4264 | SH |  | DFND | 1 | 0 | 0 | 4264 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 375408 | 4475 | SH |  | DFND | 1 | 0 | 0 | 4475 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 12085318 | 21063 | SH |  | DFND | 1 | 0 | 0 | 21063 |
| MCDONALDS CORP | COM | 580135101 |  | 2679136 | 8915 | SH |  | DFND | 1 | 0 | 0 | 8915 |
| MCKESSON CORP | COM | 58155Q103 |  | 3774140 | 4933 | SH |  | DFND | 1 | 0 | 0 | 4933 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 1740480 | 3200 | SH |  | DFND | 1 | 0 | 0 | 3200 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2703981 | 28520 | SH |  | DFND | 1 | 0 | 0 | 28520 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2039765 | 937 | SH |  | DFND | 1 | 0 | 0 | 937 |
| MERCK  CO INC | COM | 58933Y105 |  | 5024838 | 55751 | SH |  | DFND | 1 | 0 | 0 | 55751 |
| META PLATFORMS INC | CL A | 30303M102 |  | 34656130 | 48312 | SH |  | DFND | 1 | 0 | 0 | 48312 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 327870 | 1800 | SH |  | DFND | 1 | 0 | 0 | 1800 |
| MICROSOFT CORP | COM | 594918104 |  | 76976327 | 148114 | SH |  | DFND | 1 | 0 | 0 | 148114 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3358054 | 53159 | SH |  | DFND | 1 | 0 | 0 | 53159 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 2022900 | 30000 | SH |  | DFND | 1 | 0 | 0 | 30000 |
| MOODYS CORP | COM | 615369105 |  | 8847881 | 18440 | SH |  | DFND | 1 | 0 | 0 | 18440 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 522130 | 3328 | SH |  | DFND | 1 | 0 | 0 | 3328 |
| MSCI INC | COM | 55354G100 |  | 623322 | 1128 | SH |  | DFND | 1 | 0 | 0 | 1128 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 270053 | 10582 | SH |  | DFND | 1 | 0 | 0 | 10582 |
| NASDAQ INC | COM | 631103108 |  | 244217 | 2810 | SH |  | DFND | 1 | 0 | 0 | 2810 |
| NETAPP INC | COM | 64110D104 |  | 212115 | 1790 | SH |  | DFND | 1 | 0 | 0 | 1790 |
| NETFLIX INC | COM | 64110L106 |  | 3075954 | 2627 | SH |  | DFND | 1 | 0 | 0 | 2627 |
| NEW FOUND GOLD CORP | COM | 64440N103 |  | 97701 | 40000 | SH |  | DFND | 1 | 0 | 0 | 40000 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 3166410 | 56868 | SH |  | DFND | 1 | 0 | 0 | 56868 |
| NEWMONT CORP | COM | 651639106 |  | 2014926 | 23443 | SH |  | DFND | 1 | 0 | 0 | 23443 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 3096766 | 39364 | SH |  | DFND | 1 | 0 | 0 | 39364 |
| NIKE INC | CL B | 654106103 |  | 2129540 | 28700 | SH |  | DFND | 1 | 0 | 0 | 28700 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 393371 | 3929 | SH |  | DFND | 1 | 0 | 0 | 3929 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 67564243 | 360843 | SH |  | DFND | 1 | 0 | 0 | 360843 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 480408 | 2136 | SH |  | DFND | 1 | 0 | 0 | 2136 |
| ORACLE CORP | COM | 68389X105 |  | 6031639 | 20870 | SH |  | DFND | 1 | 0 | 0 | 20870 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2268104 | 21462 | SH |  | DFND | 1 | 0 | 0 | 21462 |
| OWENS CORNING NEW | COM | 690742101 |  | 670469 | 4745 | SH |  | DFND | 1 | 0 | 0 | 4745 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 13538576 | 65467 | SH |  | DFND | 1 | 0 | 0 | 65467 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2466420 | 37000 | SH |  | DFND | 1 | 0 | 0 | 37000 |
| PEPSICO INC | COM | 713448108 |  | 5708137 | 39878 | SH |  | DFND | 1 | 0 | 0 | 39878 |
| PFIZER INC | COM | 717081103 |  | 763513 | 28060 | SH |  | DFND | 1 | 0 | 0 | 28060 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 6442121 | 40048 | SH |  | DFND | 1 | 0 | 0 | 40048 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 2738336 | 66400 | SH |  | DFND | 1 | 0 | 0 | 66400 |
| PINTEREST INC | CL A | 72352L106 |  | 310665 | 9754 | SH |  | DFND | 1 | 0 | 0 | 9754 |
| POST HLDGS INC | COM | 737446104 |  | 5215948 | 48269 | SH |  | DFND | 1 | 0 | 0 | 48269 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 10590865 | 69140 | SH |  | DFND | 1 | 0 | 0 | 69140 |
| PROGRESSIVE CORP | COM | 743315103 |  | 6243325 | 25332 | SH |  | DFND | 1 | 0 | 0 | 25332 |
| PROLOGIS INC. | COM | 74340W103 |  | 3401798 | 29205 | SH |  | DFND | 1 | 0 | 0 | 29205 |
| PURE STORAGE INC | CL A | 74624M102 |  | 445674 | 5201 | SH |  | DFND | 1 | 0 | 0 | 5201 |
| QUALCOMM INC | COM | 747525103 |  | 728560 | 4376 | SH |  | DFND | 1 | 0 | 0 | 4376 |
| REALTY INCOME CORP | COM | 756109104 |  | 238333 | 3942 | SH |  | DFND | 1 | 0 | 0 | 3942 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 288571 | 481 | SH |  | DFND | 1 | 0 | 0 | 481 |
| REMITLY GLOBAL INC | COM | 75960P104 |  | 3060447 | 189150 | SH |  | DFND | 1 | 0 | 0 | 189150 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 363664 | 1600 | SH |  | DFND | 1 | 0 | 0 | 1600 |
| RESMED INC | COM | 761152107 |  | 246474 | 910 | SH |  | DFND | 1 | 0 | 0 | 910 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 1072174 | 16174 | SH |  | DFND | 1 | 0 | 0 | 16174 |
| ROBLOX CORP | CL A | 771049103 |  | 3539448 | 26400 | SH |  | DFND | 1 | 0 | 0 | 26400 |
| ROLLINS INC | COM | 775711104 |  | 2034550 | 35000 | SH |  | DFND | 1 | 0 | 0 | 35000 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 3979776 | 7992 | SH |  | DFND | 1 | 0 | 0 | 7992 |
| ROSS STORES INC | COM | 778296103 |  | 291080 | 1900 | SH |  | DFND | 1 | 0 | 0 | 1900 |
| RUBRIK INC. | CL A | 781154109 |  | 3420845 | 41500 | SH |  | DFND | 1 | 0 | 0 | 41500 |
| S GLOBAL INC | COM | 78409V104 |  | 18757193 | 38942 | SH |  | DFND | 1 | 0 | 0 | 38942 |
| SALESFORCE INC | COM | 79466L302 |  | 23556508 | 99947 | SH |  | DFND | 1 | 0 | 0 | 99947 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2820728 | 30577 | SH |  | DFND | 1 | 0 | 0 | 30577 |
| SERVICE CORP INTL | COM | 817565104 |  | 1406920 | 17000 | SH |  | DFND | 1 | 0 | 0 | 17000 |
| SERVICENOW INC | COM | 81762P102 |  | 2445312 | 2680 | SH |  | DFND | 1 | 0 | 0 | 2680 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2851576 | 8357 | SH |  | DFND | 1 | 0 | 0 | 8357 |
| SLM CORP | COM | 78442P106 |  | 247230 | 9023 | SH |  | DFND | 1 | 0 | 0 | 9023 |
| SOUTHERN CO | COM | 842587107 |  | 628050 | 6625 | SH |  | DFND | 1 | 0 | 0 | 6625 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 6430140 | 9177 | SH |  | DFND | 1 | 0 | 0 | 9177 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 3964920 | 37000 | SH |  | DFND | 1 | 0 | 0 | 37000 |
| SSR MINING IN | COM | 784730103 |  | 4061300 | 170000 | SH |  | DFND | 1 | 0 | 0 | 170000 |
| STARBUCKS CORP | COM | 855244109 |  | 421409 | 4993 | SH |  | DFND | 1 | 0 | 0 | 4993 |
| STELLANTIS N.V | SHS | N82405106 |  | 3422595 | 355041 | SH |  | DFND | 1 | 0 | 0 | 355041 |
| STRIDE INC | COM | 86333M108 |  | 3649383 | 25250 | SH |  | DFND | 1 | 0 | 0 | 25250 |
| STRYKER CORPORATION | COM | 863667101 |  | 2781014 | 7637 | SH |  | DFND | 1 | 0 | 0 | 7637 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 381187 | 5458 | SH |  | DFND | 1 | 0 | 0 | 5458 |
| SYNOPSYS INC | COM | 871607107 |  | 268829 | 550 | SH |  | DFND | 1 | 0 | 0 | 550 |
| T-MOBILE US INC | COM | 872590104 |  | 2732174 | 11713 | SH |  | DFND | 1 | 0 | 0 | 11713 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 14459559 | 50125 | SH |  | DFND | 1 | 0 | 0 | 50125 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 312865 | 1225 | SH |  | DFND | 1 | 0 | 0 | 1225 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 6932162 | 42169 | SH |  | DFND | 1 | 0 | 0 | 42169 |
| TEXAS INSTRS INC | COM | 882508104 |  | 459093 | 2545 | SH |  | DFND | 1 | 0 | 0 | 2545 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2887702 | 5441 | SH |  | DFND | 1 | 0 | 0 | 5441 |
| TJX COS INC NEW | COM | 872540109 |  | 851488 | 5900 | SH |  | DFND | 1 | 0 | 0 | 5900 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 974614 | 2291 | SH |  | DFND | 1 | 0 | 0 | 2291 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 14086318 | 145806 | SH |  | DFND | 1 | 0 | 0 | 145806 |
| UBS GROUP AG | SHS | H42097107 |  | 11301937 | 279100 | SH |  | DFND | 1 | 0 | 0 | 279100 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 4489450 | 63500 | SH |  | DFND | 1 | 0 | 0 | 63500 |
| UNITED RENTALS INC | COM | 911363109 |  | 1078470 | 1120 | SH |  | DFND | 1 | 0 | 0 | 1120 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 9680302 | 27793 | SH |  | DFND | 1 | 0 | 0 | 27793 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 8514804 | 29035 | SH |  | DFND | 1 | 0 | 0 | 29035 |
| VERISIGN INC | COM | 92343E102 |  | 9608179 | 34949 | SH |  | DFND | 1 | 0 | 0 | 34949 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 1006435 | 4033 | SH |  | DFND | 1 | 0 | 0 | 4033 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 440798 | 10057 | SH |  | DFND | 1 | 0 | 0 | 10057 |
| VISA INC | COM CL A | 92826C839 |  | 38995917 | 112112 | SH |  | DFND | 1 | 0 | 0 | 112112 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 1790218 | 400000 | SH |  | DFND | 1 | 0 | 0 | 400000 |
| WALMART INC | COM | 931142103 |  | 3436358 | 33703 | SH |  | DFND | 1 | 0 | 0 | 33703 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 788820 | 4500 | SH |  | DFND | 1 | 0 | 0 | 4500 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 5713102 | 25984 | SH |  | DFND | 1 | 0 | 0 | 25984 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4412348 | 54561 | SH |  | DFND | 1 | 0 | 0 | 54561 |
| WELLTOWER INC | COM | 95040Q104 |  | 460648 | 2568 | SH |  | DFND | 1 | 0 | 0 | 2568 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 279129 | 2500 | SH |  | DFND | 1 | 0 | 0 | 2500 |
| WINMARK CORP | COM | 974250102 |  | 4861967 | 9460 | SH |  | DFND | 1 | 0 | 0 | 9460 |
| XPENG INC | ADS | 98422D105 |  | 4685490 | 197700 | SH |  | DFND | 1 | 0 | 0 | 197700 |
| XYLEM INC | COM | 98419M100 |  | 2327188 | 15737 | SH |  | DFND | 1 | 0 | 0 | 15737 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 307647 | 3111 | SH |  | DFND | 1 | 0 | 0 | 3111 |
| ZOETIS INC | CL A | 98978V103 |  | 566639 | 3856 | SH |  | DFND | 1 | 0 | 0 | 3856 |
| ZSCALER INC | COM | 98980G102 |  | 481157 | 1580 | SH |  | DFND | 1 | 0 | 0 | 1580 |

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