# EDGAR Filing Document

**Accession Number:** 0001132597
**File Stem:** 0001292814-25-003919
**Filing Date:** 2025-11
**Character Count:** 45746
**Document Hash:** 3d9639f8c5ad6c91b590f40b24d4e455
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001292814-25-003919.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001292814-25-003919

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Itau Unibanco Holding S.A.
- **CENTRAL INDEX KEY:** 0001132597
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17515
- **FILM NUMBER:** 251470218

**BUSINESS ADDRESS:**
- **STREET 1:** PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
- **STREET 2:** TORRE AE, 3 ANDAR, CEP 04344-902
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000
- **BUSINESS PHONE:** 55-11-5019-1723

**MAIL ADDRESS:**
- **STREET 1:** PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
- **STREET 2:** TORRE AE, 3 ANDAR, CEP 04344-902
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Itau Unibanco Banco Multiplo S.A.
- **DATE OF NAME CHANGE:** 20090226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO ITAU HOLDING FINANCEIRA S A
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO ITAU SA
- **DATE OF NAME CHANGE:** 20010117

### 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:** Itau Unibanco Holding S.A.<br>**Address:** PC. ALFREDO EGYDIO DE SOUZA ARANHA 100<br>TORRE AE 3 ANDAR CEP 04344-902<br>SAO PAULO, D5 00000

**Form 13F File Number:** 028-17515

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:** Tatiana Grecco<br>**Title:** Executive Officer<br>**Phone:** 55-11-36312510

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

Tatiana Grecco  Sao Paulo, D5  11-12-2025<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:** 1

**Form 13F Information Table Entry Total:** 437

**Form 13F Information Table Value Total:** $2998313528

      (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   |
|:---|:---|:---|
|  | Itau USA Asset Management Inc. | 028-14678              |

### 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 |
| ARM HOLDINGS PLC | SPONSORED ADR | 042068205 |  | 10753 | 76 | SH |  | DFND | 1 | 76 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 72314 | 466 | SH |  | DFND |  | 0 | 0 | 466 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 5700 | 61 | SH |  | DFND |  | 0 | 0 | 61 |
| ABBOTT LABS | COM | 002824100 |  | 49960 | 373 | SH |  | DFND |  | 0 | 0 | 373 |
| ABBVIE INC | COM | 00287Y109 |  | 2827103 | 12210 | SH |  | DFND |  | 11966 | 0 | 244 |
| ACUITY BRANDS INC | COM | 00508Y102 |  | 7921 | 23 | SH |  | DFND |  | 0 | 0 | 23 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 124168 | 352 | SH |  | DFND |  | 0 | 0 | 352 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 4233 | 12 | SH |  | DFND | 1 | 12 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 7351 | 53 | SH |  | DFND |  | 0 | 0 | 53 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 758310 | 4687 | SH |  | DFND |  | 0 | 0 | 4687 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 25870 | 354 | SH |  | DFND |  | 0 | 0 | 354 |
| AGREE REALTY CORP | COM | 008492100 |  | 8099 | 114 | SH |  | DFND |  | 0 | 0 | 114 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 49635 | 182 | SH |  | DFND |  | 0 | 0 | 182 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 9272 | 34 | SH |  | DFND | 1 | 34 | 0 | 0 |
| AIRBNB INC | COM | 009066101 |  | 59496 | 490 | SH |  | DFND |  | 0 | 0 | 490 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 38638 | 510 | SH |  | DFND |  | 0 | 0 | 510 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 317782 | 1778 | SH |  | DFND |  | 0 | 0 | 1778 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 15907 | 89 | SH |  | DFND | 1 | 89 | 0 | 0 |
| ALLEGHENY TECHNOLOGIES INC | COM | 01741R102 |  | 16431 | 202 | SH |  | DFND | 1 | 202 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 48726 | 227 | SH |  | DFND |  | 0 | 0 | 227 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 76608 | 168 | SH |  | DFND |  | 0 | 0 | 168 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 27704892 | 116951 | SH |  | DFND |  | 2986 | 0 | 113965 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 16531 | 68 | SH |  | DFND | 1 | 68 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1171719 | 4811 | SH |  | DFND |  | 0 | 0 | 4811 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 74582 | 1129 | SH |  | DFND |  | 0 | 0 | 1129 |
| AMAZON COM INC | COM | 023135106 |  | 70314658 | 320238 | SH |  | DFND |  | 108830 | 0 | 211408 |
| AMAZON COM INC | COM | 023135106 |  | 34033 | 155 | SH |  | DFND | 1 | 155 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 21952 | 9844 | SH |  | DFND |  | 0 | 0 | 9844 |
| AMERICA MOVIL SAB DE CV | SPONSORED ADR | 02390A101 |  | 41628552 | 1982312 | SH |  | DFND | 1 | 1982312 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 179699 | 541 | SH |  | DFND |  | 0 | 0 | 541 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 24497 | 176 | SH |  | DFND |  | 0 | 0 | 176 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 53546 | 109 | SH |  | DFND |  | 0 | 0 | 109 |
| AMETEK INC NEW | COM | 031100100 |  | 6403 | 34 | SH |  | DFND | 1 | 34 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 44023 | 156 | SH |  | DFND |  | 0 | 0 | 156 |
| AMRIZE LTD | SHS | H2927K103 |  | 14559 | 300 | SH |  | DFND | 1 | 300 | 0 | 0 |
| APOLLO GLOBAL MGMT LLC | CALL | 037612906 |  | 75964 | 570 | SH |  | DFND |  | 0 | 0 | 570 |
| APPLE INC | COM | 037833100 |  | 19251301 | 75605 | SH |  | DFND |  | 333 | 0 | 75272 |
| APPLE INC | COM | 037833100 |  | 47107 | 185 | SH |  | DFND | 1 | 185 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 123049 | 601 | SH |  | DFND |  | 0 | 0 | 601 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 168857 | 235 | SH |  | DFND |  | 0 | 0 | 235 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 7904 | 11 | SH |  | DFND | 1 | 11 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413205 |  | 150373 | 1032 | SH |  | DFND |  | 0 | 0 | 1032 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 7448 | 38 | SH |  | DFND |  | 0 | 0 | 38 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 160703 | 166 | SH |  | DFND |  | 0 | 0 | 166 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 384137 | 5007 | SH |  | DFND |  | 0 | 0 | 5007 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 9206 | 120 | SH |  | DFND | 1 | 120 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 133421 | 420 | SH |  | DFND |  | 0 | 0 | 420 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 129727 | 442 | SH |  | DFND |  | 0 | 0 | 442 |
| AUTOZONE INC | COM | 053332102 |  | 47193 | 11 | SH |  | DFND |  | 0 | 0 | 11 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 10919 | 68 | SH |  | DFND |  | 0 | 0 | 68 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 8696820 | 66000 | SH |  | DFND |  | 0 | 0 | 66000 |
| BAKER HUGHES A GE CO | CL A | 05722G100 |  | 1401918 | 28775 | SH |  | DFND |  | 28775 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 9025 | 179 | SH |  | DFND |  | 0 | 0 | 179 |
| BALLARD PWR SYS INC NEW | COM | 058586108 |  | 108871 | 40026 | SH |  | DFND |  | 0 | 0 | 40026 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 845997 | 250295 | SH |  | DFND |  | 0 | 0 | 250295 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 121132565 | 35838037 | SH |  | DFND | 1 | 35300257 | 0 | 537780 |
| BANCO DE CHILE | SPONSORED ADS | 059520106 |  | 19550015 | 645215 | SH |  | DFND | 1 | 645215 | 0 | 0 |
| BANCO SANTANDER BRASIL S A | ADS REP 1 UNIT | 05967A107 |  | 1913580 | 342322 | SH |  | DFND | 1 | 168152 | 0 | 174170 |
| BBB FOODS INC | CL A COM | G0896C103 |  | 32385457 | 1201241 | SH |  | DFND | 1 | 1201241 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 26645 | 53 | SH |  | DFND | 1 | 53 | 0 | 0 |
| BEST BUY INC | CALL | 086516901 |  | 112909 | 950 | SH | Call | DFND |  | 0 | 0 | 950 |
| BEST BUY INC | COM | 086516101 |  | 5445169 | 72007 | SH |  | DFND |  | 72007 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 35049 | 125 | SH |  | DFND |  | 0 | 0 | 125 |
| BIO TECHNE CORP | COM | 09073M104 |  | 30930 | 556 | SH |  | DFND |  | 0 | 0 | 556 |
| BIOGEN INC | COM | 09062X103 |  | 37962 | 271 | SH |  | DFND |  | 0 | 0 | 271 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 35042 | 647 | SH |  | DFND |  | 0 | 0 | 647 |
| BLACKSTONE INC | COM | 09260D107 |  | 147102 | 861 | SH |  | DFND |  | 0 | 0 | 861 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 245760 | 2906 | SH |  | DFND |  | 0 | 0 | 2906 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 6804 | 88 | SH |  | DFND | 1 | 88 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 842286 | 156 | SH |  | DFND |  | 0 | 0 | 156 |
| BORGWARNER INC | COM | 099724106 |  | 11078 | 252 | SH |  | DFND |  | 0 | 0 | 252 |
| BOSTON PROPERTIES INC | COM | 101121101 |  | 12563 | 169 | SH |  | DFND |  | 0 | 0 | 169 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 45886 | 470 | SH |  | DFND |  | 0 | 0 | 470 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 33915 | 752 | SH |  | DFND |  | 0 | 0 | 752 |
| BROADCOM INC | COM | 11135F101 |  | 22069000 | 66894 | SH |  | DFND |  | 0 | 0 | 66894 |
| BROADCOM INC | COM | 11135F101 |  | 5288 | 16 | SH |  | DFND | 1 | 16 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 6850 | 199 | SH |  | DFND |  | 0 | 0 | 199 |
| BROWN  BROWN INC | COM | 115236101 |  | 9660 | 103 | SH |  | DFND |  | 0 | 0 | 103 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 5456 | 45 | SH |  | DFND | 1 | 45 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 495529 | 5909 | SH |  | DFND |  | 0 | 0 | 5909 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1424924 | 6703 | SH |  | DFND |  | 0 | 0 | 6703 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 36886 | 235 | SH |  | DFND |  | 0 | 0 | 235 |
| CARLISLE COS INC | COM | 142339100 |  | 13487 | 41 | SH |  | DFND |  | 0 | 0 | 41 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 7366 | 30 | SH |  | DFND | 1 | 30 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 544428 | 1141 | SH |  | DFND |  | 0 | 0 | 1141 |
| CELSIUS HOLDINGS INC | COM NEW | 15118V207 |  | 30067 | 523 | SH |  | DFND |  | 0 | 0 | 523 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 63749825 | 7091193 | SH |  | DFND | 1 | 6840573 | 0 | 250620 |
| CENTRAIS ELETRICAS BRASILEIR | SPONSORED ADR | 15234Q207 |  | 8333 | 840 | SH |  | DFND |  | 0 | 0 | 840 |
| CHART INDS INC | COM PAR $0.01 | 16115Q308 |  | 63848 | 319 | SH |  | DFND |  | 0 | 0 | 319 |
| CHEMOURS CO | COM | 163851108 |  | 56327 | 3556 | SH |  | DFND |  | 0 | 0 | 3556 |
| CINTAS CORP | COM | 172908105 |  | 60141 | 293 | SH |  | DFND |  | 0 | 0 | 293 |
| CLEAN HARBORS INC | COM | 184496107 |  | 10450 | 45 | SH |  | DFND |  | 0 | 0 | 45 |
| CLEARWAY ENERGY INC | CL A | 18539C105 |  | 5467 | 203 | SH |  | DFND |  | 0 | 0 | 203 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 5396 | 191 | SH |  | DFND |  | 0 | 0 | 191 |
| COCA COLA CO | COM | 191216100 |  | 2486735 | 37496 | SH |  | DFND |  | 28987 | 0 | 8509 |
| COCA COLA FEMSA S A B DE C V | SPON ADR REP L | 191241108 |  | 67766056 | 815476 | SH |  | DFND | 1 | 815476 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 11634 | 108 | SH |  | DFND | 1 | 108 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 7178750 | 21271 | SH |  | DFND |  | 2000 | 0 | 19271 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 21978 | 883 | SH |  | DFND |  | 0 | 0 | 883 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 8497073 | 341385 | SH |  | DFND | 1 | 341385 | 0 | 0 |
| COMPANHIA ENERGETICA DE MINA | SP ADR N-V PFD | 204409601 |  | 68183 | 32314 | SH |  | DFND |  | 32314 | 0 | 0 |
| COMPANHIA PARANAENSE ENERG C | SPON ADR PFD | 20441B407 |  | 5334571 | 544344 | SH |  | DFND | 1 | 431164 | 0 | 113180 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 6527 | 69 | SH |  | DFND | 1 | 69 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3959041 | 12031 | SH |  | DFND |  | 0 | 0 | 12031 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 6910 | 21 | SH |  | DFND | 1 | 21 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 2504488 | 21078 | SH |  | DFND | 1 | 21078 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 31569 | 702 | SH |  | DFND |  | 0 | 0 | 702 |
| CORE  MAIN INC | CL A | 21874C102 |  | 5867 | 109 | SH |  | DFND |  | 0 | 0 | 109 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 5418 | 302 | SH |  | DFND | 1 | 302 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 11474 | 358 | SH |  | DFND |  | 0 | 0 | 358 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 1915900 | 14000 | SH |  | DFND |  | 0 | 0 | 14000 |
| COSAN LTD | SHS A | 22113B103 |  | 3027012 | 658046 | SH |  | DFND |  | 658046 | 0 | 0 |
| COSTAR GROUP INC | CALL | 22160N909 |  | 137920 | 550 | SH | Call | DFND |  | 0 | 0 | 550 |
| COSTAR GROUP INC | COM | 22160N109 |  | 7058816 | 83665 | SH |  | DFND |  | 83665 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 10182 | 11 | SH |  | DFND | 1 | 11 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 48300 | 1500 | SH |  | DFND |  | 0 | 0 | 1500 |
| COUSINS PPTYS INC | COM | 222795502 |  | 8190 | 283 | SH |  | DFND |  | 0 | 0 | 283 |
| CREDICORP LTD | COM | G2519Y108 |  | 119130477 | 447388 | SH |  | DFND | 1 | 447388 | 0 | 0 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 |  | 57811 | 892 | SH |  | DFND |  | 0 | 0 | 892 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 24905419 | 50788 | SH |  | DFND |  | 0 | 0 | 50788 |
| CSX CORP | COM | 126408103 |  | 29970 | 844 | SH |  | DFND |  | 0 | 0 | 844 |
| CUMMINS INC | COM | 231021106 |  | 54908 | 130 | SH |  | DFND |  | 0 | 0 | 130 |
| D R HORTON INC | COM | 23331A109 |  | 40673 | 240 | SH |  | DFND |  | 0 | 0 | 240 |
| DANAHER CORP DEL | COM | 235851102 |  | 35885 | 181 | SH |  | DFND |  | 0 | 0 | 181 |
| DANAHER CORP DEL | COM | 235851102 |  | 22205 | 112 | SH |  | DFND | 1 | 112 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 8242 | 267 | SH |  | DFND |  | 0 | 0 | 267 |
| DATADOG INC | CL A COM | 23804L103 |  | 946248 | 6645 | SH |  | DFND |  | 0 | 0 | 6645 |
| DBX ETF TR | XTRACK RUSS 2000 | 233051440 |  | 268424 | 8139 | SH |  | DFND |  | 0 | 0 | 8139 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 16625 | 164 | SH |  | DFND |  | 0 | 0 | 164 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 1134924 | 9912 | SH |  | DFND |  | 967 | 0 | 8945 |
| DLOCAL LTD CLASS A COM | COM | G29018101 |  | 585094 | 40973 | SH |  | DFND | 1 | 40973 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 38784 | 538 | SH |  | DFND |  | 0 | 0 | 538 |
| DOORDASH INC | CL A | 25809K105 |  | 76973 | 283 | SH |  | DFND |  | 0 | 0 | 283 |
| E L F BEAUTY INC | COM | 26856L103 |  | 230515 | 1740 | SH |  | DFND |  | 0 | 0 | 1740 |
| EATON CORP PLC | SHS | G29183103 |  | 1596925 | 4267 | SH |  | DFND |  | 0 | 0 | 4267 |
| EBAY INC | COM | 278642103 |  | 37471 | 412 | SH |  | DFND |  | 0 | 0 | 412 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 44873 | 577 | SH |  | DFND |  | 0 | 0 | 577 |
| ELASTIC N V | ORD SHS | N14506104 |  | 33205 | 393 | SH |  | DFND | 1 | 393 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 105691 | 524 | SH |  | DFND |  | 0 | 0 | 524 |
| EMBRAER S A | SP ADR REP 4 COM | 29082A107 |  | 316154 | 5230 | SH |  | DFND |  | 5230 | 0 | 0 |
| EMBRAER S A | SP ADR REP 4 COM | 29082A107 |  | 63464642 | 1049870 | SH |  | DFND | 1 | 1033200 | 0 | 16670 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 33776 | 52 | SH |  | DFND |  | 0 | 0 | 52 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 16456 | 465 | SH |  | DFND |  | 250 | 0 | 215 |
| EOG RES INC | COM | 26875P101 |  | 5859167 | 52258 | SH |  | DFND |  | 51862 | 0 | 396 |
| EQT CORP | COM | 26884L109 |  | 16383 | 301 | SH |  | DFND | 1 | 301 | 0 | 0 |
| EQUINIX INC | COM PAR $0.001 | 29444U700 |  | 90073 | 115 | SH |  | DFND |  | 0 | 0 | 115 |
| ERIE INDTY CO | CL A | 29530P102 |  | 7636 | 24 | SH |  | DFND |  | 0 | 0 | 24 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 6304 | 158 | SH |  | DFND |  | 0 | 0 | 158 |
| ETSY INC | COM | 29786A106 |  | 882389 | 13291 | SH |  | DFND |  | 0 | 0 | 13291 |
| EVE HLDG INC | COM | 29970N104 |  | 2782508 | 730317 | SH |  | DFND |  | 0 | 0 | 730317 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 36875 | 674 | SH |  | DFND |  | 0 | 0 | 674 |
| FACEBOOK INC | CL A | 30303M102 |  | 36499420 | 49701 | SH |  | DFND |  | 55 | 0 | 49646 |
| FAIR ISAAC CORP | COM | 303250104 |  | 29931 | 20 | SH |  | DFND |  | 0 | 0 | 20 |
| FAIR ISAAC CORP | COM | 303250104 |  | 25441 | 17 | SH |  | DFND | 1 | 17 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 46686 | 952 | SH |  | DFND |  | 0 | 0 | 952 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 1100442 | 4900 | SH |  | DFND |  | 0 | 0 | 4900 |
| FERRARI N V | COM | N3167Y103 |  | 679308 | 1400 | SH |  | DFND |  | 0 | 0 | 1400 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 1091100 | 30000 | SH |  | DFND |  | 0 | 0 | 30000 |
| FIREFLY AEROSPACE INC | COM | 31816X106 |  | 879600 | 30000 | SH |  | DFND |  | 0 | 0 | 30000 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 268374 | 150 | SH |  | DFND |  | 0 | 0 | 150 |
| FIRST SOLAR INC | COM | 336433107 |  | 37711 | 171 | SH |  | DFND |  | 0 | 0 | 171 |
| FORTINET INC | COM | 34959E109 |  | 56838 | 676 | SH |  | DFND |  | 0 | 0 | 676 |
| FOX CORP | CL A COM | 35137L105 |  | 69555 | 1103 | SH |  | DFND |  | 0 | 0 | 1103 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 5255480 | 134000 | SH |  | DFND |  | 0 | 0 | 134000 |
| GARMIN LTD | SHS | H2906T109 |  | 56631 | 230 | SH |  | DFND |  | 0 | 0 | 230 |
| GARTNER INC | COM | 366651107 |  | 16298 | 62 | SH |  | DFND |  | 0 | 0 | 62 |
| GDS HLDGS LTD | SPONSORED ADR | 36165L108 |  | 425584 | 10997 | SH |  | DFND | 1 | 10997 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1229800 | 2000 | SH |  | DFND |  | 0 | 0 | 2000 |
| GENERAL ELECTRIC CO | COM | 369604301 |  | 234038 | 778 | SH |  | DFND |  | 0 | 0 | 778 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 2000430 | 645300 | SH |  | DFND |  | 0 | 0 | 645300 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 28863979 | 9310961 | SH |  | DFND | 1 | 9310961 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 51171 | 461 | SH |  | DFND |  | 0 | 0 | 461 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 1127000 | 25000 | SH |  | DFND |  | 0 | 0 | 25000 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 2406668 | 50486 | SH |  | DFND |  | 0 | 0 | 50486 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 51847 | 912 | SH |  | DFND |  | 0 | 0 | 912 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 611439 | 8705 | SH |  | DFND |  | 0 | 0 | 8705 |
| GOLD FIELDS LTD NEW | SPONSORED ADR | 38059T106 |  | 1050385 | 25033 | SH |  | DFND | 1 | 25033 | 0 | 0 |
| GRAHAM CORP | COM | 384556106 |  | 33873 | 617 | SH |  | DFND |  | 0 | 0 | 617 |
| GRAINGER W W INC | COM | 384802104 |  | 37165 | 39 | SH |  | DFND |  | 0 | 0 | 39 |
| GRUPO AEROPORTUARIO DEL SURE | SPON ADR SER B | 40051E202 |  | 48940522 | 151364 | SH |  | DFND | 1 | 145960 | 0 | 5404 |
| GRUPO CIBEST AS | SPON ADS | 40090E106 |  | 12791264 | 246270 | SH |  | DFND | 1 | 246270 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 |  | 551200 | 20000 | SH |  | DFND |  | 10000 | 0 | 10000 |
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 |  | 23179310 | 841049 | SH |  | DFND | 1 | 841049 | 0 | 0 |
| GRUPO TELEVISA SA | SPON ADR REP ORD | 40049J206 |  | 34653 | 12882 | SH |  | DFND | 1 | 12882 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 32681 | 245 | SH |  | DFND |  | 0 | 0 | 245 |
| HASBRO INC | COM | 418056107 |  | 60073 | 792 | SH |  | DFND |  | 0 | 0 | 792 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 96030 | 3910 | SH |  | DFND |  | 0 | 0 | 3910 |
| HEXCEL CORP NEW | COM | 428291108 |  | 9844 | 157 | SH |  | DFND |  | 0 | 0 | 157 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 8528 | 268 | SH |  | DFND |  | 0 | 0 | 268 |
| HOME DEPOT INC | COM | 437076102 |  | 1825786 | 4506 | SH |  | DFND |  | 0 | 0 | 4506 |
| HOME DEPOT INC | COM | 437076102 |  | 7293 | 18 | SH |  | DFND | 1 | 18 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 1751394 | 70792 | SH |  | DFND |  | 0 | 0 | 70792 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 61616 | 314 | SH |  | DFND |  | 0 | 0 | 314 |
| HP INC | COM | 40434L105 |  | 26713 | 981 | SH |  | DFND |  | 0 | 0 | 981 |
| HUBBELL INC | COM | 443510607 |  | 6024 | 14 | SH |  | DFND | 1 | 14 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 127709 | 273 | SH |  | DFND |  | 0 | 0 | 273 |
| HYSTER YALE MATLS HANDLING I | CL A | 449172105 |  | 18356 | 498 | SH |  | DFND |  | 0 | 0 | 498 |
| IDEX CORP | COM | 45167R104 |  | 8789 | 54 | SH |  | DFND | 1 | 54 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 46000 | 72 | SH |  | DFND |  | 0 | 0 | 72 |
| ILLUMINA INC | COM | 452327109 |  | 27351 | 288 | SH |  | DFND |  | 0 | 0 | 288 |
| INCYTE CORP | COM | 45337C102 |  | 49953 | 589 | SH |  | DFND |  | 0 | 0 | 589 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 494315 | 30382 | SH |  | DFND |  | 0 | 0 | 30382 |
| INSULET CORP | COM | 45784P101 |  | 48162 | 156 | SH |  | DFND |  | 0 | 0 | 156 |
| INTEL CORP | CALL | 458140900 |  | 1836855 | 2700 | SH | Call | DFND |  | 0 | 0 | 2700 |
| INTEL CORP | COM | 458140100 |  | 6471728 | 192898 | SH |  | DFND |  | 69872 | 0 | 123026 |
| INTERCORP FINL SVCS INC | SHS | P5626F128 |  | 2042011 | 50620 | SH |  | DFND | 1 | 6860 | 0 | 43760 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 34884 | 78 | SH |  | DFND |  | 0 | 0 | 78 |
| INVESCO ACTIVELY MANAGD ETF | ACTIVE US REAL | 46090A101 |  | 14997243 | 24980 | SH |  | DFND |  | 0 | 0 | 24980 |
| INVESCO ACTIVELY MANAGD ETF | OPTIMUM YIELD | 46090F100 |  | 298535 | 22229 | SH |  | DFND | 1 | 22229 | 0 | 0 |
| INVESCO DB MLTI SECTR CMMTY | AGRICULTURE FD | 46140H106 |  | 4506384 | 168400 | SH |  | DFND |  | 168400 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 2836584 | 14953 | SH |  | DFND |  | 0 | 0 | 14953 |
| INVESCO EXCHNG TRADED FD TR | KBW BK | 46138E628 |  | 1439064 | 18400 | SH |  | DFND |  | 0 | 0 | 18400 |
| INVESCO EXCHNG TRADED FD TR | FTSE RAFI EMNG | 46138E727 |  | 74378869 | 2925998 | SH |  | DFND | 1 | 2925998 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 73336 | 1121 | SH |  | DFND |  | 0 | 0 | 1121 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 464200 | 6379 | SH |  | DFND | 1 | 6379 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 15746485 | 525035 | SH |  | DFND |  | 0 | 0 | 525035 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 40205892 | 501258 | SH |  | DFND | 1 | 501258 | 0 | 0 |
| ISHARES INC | MSCI PAC JP ETF | 464286665 |  | 206240 | 4000 | SH |  | DFND |  | 0 | 0 | 4000 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 2305498 | 33800 | SH |  | DFND |  | 0 | 0 | 33800 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 1462867 | 34526 | SH |  | DFND |  | 0 | 0 | 34526 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 4015675 | 97610 | SH |  | DFND |  | 0 | 0 | 97610 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 206721 | 2214 | SH |  | DFND |  | 0 | 0 | 2214 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 13998810 | 262150 | SH |  | DFND |  | 0 | 0 | 262150 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 1952590 | 36565 | SH |  | DFND | 1 | 36565 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 18649551 | 77077 | SH |  | DFND |  | 0 | 0 | 77077 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 355590 | 5400 | SH |  | DFND |  | 0 | 0 | 5400 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 9361362 | 83981 | SH |  | DFND |  | 0 | 0 | 83981 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1010866 | 4895 | SH |  | DFND |  | 0 | 0 | 4895 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 6926175 | 77500 | SH |  | DFND |  | 0 | 0 | 77500 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 1425142 | 13838 | SH |  | DFND | 1 | 13838 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 10305624 | 445745 | SH |  | DFND | 1 | 445745 | 0 | 0 |
| ISHARES TR | USA QUALITY FCTR | 46432F339 |  | 190506 | 979 | SH |  | DFND | 1 | 979 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 565918 | 5088 | SH |  | DFND | 1 | 5088 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 35111517 | 74959 | SH |  | DFND | 1 | 74959 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 7740000 | 500000 | SH |  | DFND |  | 0 | 0 | 500000 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 938278 | 9665 | SH |  | DFND |  | 0 | 0 | 9665 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 29612900 | 455513 | SH |  | DFND |  | 0 | 0 | 455513 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 624071 | 10941 | SH |  | DFND | 1 | 10941 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 31271676 | 274602 | SH |  | DFND | 1 | 274602 | 0 | 0 |
| ISHARES TR | MSCI USA QUALITY | 46436E403 |  | 3145065 | 16170 | SH |  | DFND |  | 0 | 0 | 16170 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 166414858 | 22672324 | SH |  | DFND | 1 | 22672324 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 46525 | 353 | SH |  | DFND |  | 0 | 0 | 353 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 406441 | 2192 | SH |  | DFND |  | 1902 | 0 | 290 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 80373 | 731 | SH |  | DFND |  | 0 | 0 | 731 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 362429 | 1149 | SH |  | DFND |  | 0 | 0 | 1149 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 6000294 | 73461 | SH |  | DFND |  | 0 | 0 | 73461 |
| KENVUE INC | COM | 49177J102 |  | 194760 | 12000 | SH |  | DFND |  | 0 | 0 | 12000 |
| KENVUE INC | COM | 49177J102 |  | 9251 | 570 | SH |  | DFND | 1 | 570 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 1964449 | 77007 | SH |  | DFND |  | 0 | 0 | 77007 |
| KILROY RLTY CORP | COM | 49427F108 |  | 10436 | 247 | SH |  | DFND |  | 0 | 0 | 247 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 47391 | 1674 | SH |  | DFND |  | 0 | 0 | 1674 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 16108 | 569 | SH |  | DFND | 1 | 569 | 0 | 0 |
| KKR  CO INC | CL A | 48251W104 |  | 1309636 | 10078 | SH |  | DFND |  | 0 | 0 | 10078 |
| KRANESHARES TR | CALL | 500767906 |  | 870714 | 663 | SH | Call | DFND | 1 | 663 | 0 | 0 |
| KRANESHARES TR | CSI CHI INTERNET | 500767306 |  | 21618136 | 514595 | SH |  | DFND |  | 0 | 0 | 514595 |
| LAM RESEARCH CORP | COM | 512807108 |  | 136310 | 1018 | SH |  | DFND |  | 0 | 0 | 1018 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 5634 | 97 | SH |  | DFND | 1 | 97 | 0 | 0 |
| LATAM AIRLS GROUP S A | SPONSORED ADR | 51817R106 |  | 7118232 | 157309 | SH |  | DFND |  | 0 | 0 | 157309 |
| LATAM AIRLS GROUP S A | SPONSORED ADR | 51817R106 |  | 51913334 | 1147256 | SH |  | DFND | 1 | 1147256 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 30250 | 240 | SH |  | DFND |  | 0 | 0 | 240 |
| LILLY ELI  CO | COM | 532457108 |  | 2330202 | 3054 | SH |  | DFND |  | 3000 | 0 | 54 |
| LILLY ELI  CO | COM | 532457108 |  | 6104 | 8 | SH |  | DFND | 1 | 8 | 0 | 0 |
| LINDE PLC | COM | G5494J103 |  | 50825 | 107 | SH |  | DFND |  | 0 | 0 | 107 |
| LISTED FD TR | ROUNDHILL BALL | 53656F417 |  | 416120 | 20200 | SH |  | DFND |  | 0 | 0 | 20200 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1098262 | 2200 | SH |  | DFND |  | 0 | 0 | 2200 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 5775 | 65 | SH |  | DFND |  | 0 | 0 | 65 |
| LOWES COS INC | COM | 548661107 |  | 84189 | 335 | SH |  | DFND |  | 0 | 0 | 335 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 32271 | 97 | SH |  | DFND |  | 0 | 0 | 97 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 8874 | 373 | SH |  | DFND |  | 0 | 0 | 373 |
| LUXFER HOLDINGS PLC | SHS | G5698W116 |  | 11509 | 828 | SH |  | DFND |  | 0 | 0 | 828 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 428875 | 4582 | SH |  | DFND | 1 | 4582 | 0 | 0 |
| MANHATTAN ASSOCS INC | COM | 562750109 |  | 7174 | 35 | SH |  | DFND |  | 0 | 0 | 35 |
| MARA HOLDINGS INC | COM | 565788106 |  | 3250280 | 178000 | SH |  | DFND |  | 0 | 0 | 178000 |
| MARVELL TECHNOLOGY GROUP LTD | ORD | G5876H105 |  | 26062 | 310 | SH |  | DFND | 1 | 310 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 6617 | 94 | SH |  | DFND |  | 0 | 0 | 94 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 385653 | 678 | SH |  | DFND |  | 0 | 0 | 678 |
| MCKESSON CORP | COM | 58155Q103 |  | 83434 | 108 | SH |  | DFND |  | 0 | 0 | 108 |
| MERCK  CO INC | COM | 58933Y105 |  | 35838 | 427 | SH |  | DFND |  | 0 | 0 | 427 |
| MERUS N V | COM | N5749R100 |  | 3013 | 32 | SH |  | DFND | 1 | 32 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 43409 | 527 | SH |  | DFND |  | 0 | 0 | 527 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 49104 | 40 | SH |  | DFND |  | 0 | 0 | 40 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6073716 | 36300 | SH |  | DFND |  | 0 | 0 | 36300 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 9370 | 56 | SH |  | DFND | 1 | 56 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 49384979 | 95347 | SH |  | DFND |  | 1614 | 0 | 93733 |
| MICROSOFT CORP | COM | 594918104 |  | 93749 | 181 | SH |  | DFND | 1 | 181 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 25701 | 995 | SH |  | DFND |  | 0 | 0 | 995 |
| MONGODB INC | CL A | 60937P106 |  | 847027 | 2729 | SH |  | DFND |  | 0 | 0 | 2729 |
| MONGODB INC | CL A | 60937P106 |  | 17071 | 55 | SH |  | DFND | 1 | 55 | 0 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 39588 | 43 | SH |  | DFND |  | 0 | 0 | 43 |
| MOODYS CORP | COM | 615369105 |  | 91484 | 192 | SH |  | DFND |  | 0 | 0 | 192 |
| MOOG INC | CL A | 615394202 |  | 9345 | 45 | SH |  | DFND | 1 | 45 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 305843 | 1900 | SH |  | DFND |  | 0 | 0 | 1900 |
| NETAPP INC | COM | 64110D104 |  | 25350 | 214 | SH |  | DFND |  | 0 | 0 | 214 |
| NETFLIX INC | COM | 64110L106 |  | 23185914 | 19339 | SH |  | DFND |  | 163 | 0 | 19176 |
| NETFLIX INC | COM | 64110L106 |  | 7194 | 6 | SH |  | DFND | 1 | 6 | 0 | 0 |
| NEWMONT MINING CORP | COM | 651639106 |  | 2217184 | 26298 | SH |  | DFND |  | 26298 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 8637 | 965 | SH |  | DFND | 1 | 965 | 0 | 0 |
| NEXTERA ENERGY INC | CALL | 65339F901 |  | 123167 | 400 | SH | Call | DFND |  | 0 | 0 | 400 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 4091407 | 54198 | SH |  | DFND |  | 54198 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 520744 | 7468 | SH |  | DFND |  | 6460 | 0 | 1008 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 28239 | 94 | SH |  | DFND |  | 0 | 0 | 94 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 329244 | 2033 | SH |  | DFND |  | 0 | 0 | 2033 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 5029429 | 314143 | SH |  | DFND |  | 0 | 0 | 314143 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 101988103 | 6370275 | SH |  | DFND | 1 | 6370275 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 55718 | 749 | SH |  | DFND |  | 0 | 0 | 749 |
| NVIDIA CORP | COM | 67066G104 |  | 82844132 | 444014 | SH |  | DFND |  | 94 | 0 | 443920 |
| NVIDIA CORP | COM | 67066G104 |  | 52242 | 280 | SH |  | DFND | 1 | 280 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 16069 | 2 | SH |  | DFND |  | 0 | 0 | 2 |
| O REILLY AUTOMOTIVE INC NEW | COM | 67103H107 |  | 63069 | 585 | SH |  | DFND |  | 0 | 0 | 585 |
| OLD DOMINION FGHT LINES INC | COM | 679580100 |  | 24637 | 175 | SH |  | DFND |  | 0 | 0 | 175 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 58951 | 2359 | SH |  | DFND |  | 0 | 0 | 2359 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 16888 | 400 | SH |  | DFND |  | 0 | 0 | 400 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 336301 | 7941 | SH |  | DFND |  | 0 | 0 | 7941 |
| ORACLE CORP | COM | 68389X105 |  | 25773959 | 91644 | SH |  | DFND |  | 79244 | 0 | 12400 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 30903 | 338 | SH |  | DFND |  | 0 | 0 | 338 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 280015 | 1535 | SH |  | DFND |  | 0 | 0 | 1535 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1072263 | 5266 | SH |  | DFND |  | 0 | 0 | 5266 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 6516 | 32 | SH |  | DFND | 1 | 32 | 0 | 0 |
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 |  | 2782520 | 46329 | SH |  | DFND |  | 0 | 0 | 46329 |
| PAYCHEX INC | COM | 704326107 |  | 40436 | 319 | SH |  | DFND |  | 0 | 0 | 319 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 47613 | 1746 | SH |  | DFND |  | 1036 | 0 | 710 |
| PERKINELMER INC | COM | 714046109 |  | 32080 | 366 | SH |  | DFND |  | 0 | 0 | 366 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 |  | 13879824 | 1174266 | SH |  | DFND |  | 1174266 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 |  | 61764512 | 5225424 | SH |  | DFND | 1 | 5225424 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 21784606 | 1720743 | SH |  | DFND |  | 1720743 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 80021353 | 6320802 | SH |  | DFND | 1 | 6320802 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 43010 | 1688 | SH |  | DFND |  | 0 | 0 | 1688 |
| PNM RES INC | COM | 69349H107 |  | 36871 | 652 | SH |  | DFND | 1 | 652 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 116313 | 471 | SH |  | DFND |  | 0 | 0 | 471 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 10866 | 44 | SH |  | DFND | 1 | 44 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 |  | 11091 | 97 | SH |  | DFND | 1 | 97 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 2250582 | 26966 | SH |  | DFND |  | 26966 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 118781 | 714 | SH |  | DFND |  | 0 | 0 | 714 |
| QXO INC | COM NEW | 82846H405 |  | 1347542 | 70700 | SH |  | DFND |  | 0 | 0 | 70700 |
| RAYONIER INC | COM | 754907103 |  | 8891 | 335 | SH |  | DFND |  | 0 | 0 | 335 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 71408 | 127 | SH |  | DFND |  | 0 | 0 | 127 |
| REPLIGEN CORP | COM | 759916109 |  | 36626 | 274 | SH |  | DFND |  | 0 | 0 | 274 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 41765 | 182 | SH |  | DFND |  | 0 | 0 | 182 |
| RESMED INC | COM | 761152107 |  | 34216 | 125 | SH |  | DFND |  | 0 | 0 | 125 |
| RIDGEBIO PHARMA INC COM | COM | 10806X102 |  | 76352 | 1470 | SH |  | DFND |  | 0 | 0 | 1470 |
| RIOT BLOCKCHAIN INC | COM | 767292105 |  | 3844060 | 202000 | SH |  | DFND |  | 0 | 0 | 202000 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 6758955 | 47206 | SH |  | DFND |  | 0 | 0 | 47206 |
| ROBLOX CORP | CL A | 771049103 |  | 401708 | 2900 | SH |  | DFND |  | 1061 | 0 | 1839 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 782390 | 40371 | SH |  | DFND |  | 0 | 0 | 40371 |
| ROKU INC | COM CL A | 77543R102 |  | 61780 | 617 | SH |  | DFND |  | 0 | 0 | 617 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 9130 | 162 | SH |  | DFND |  | 0 | 0 | 162 |
| S GLOBAL INC | COM | 78409V104 |  | 4526403 | 9300 | SH |  | DFND |  | 0 | 0 | 9300 |
| SALESFORCE COM INC | COM | 79466L302 |  | 22278 | 94 | SH |  | DFND | 1 | 94 | 0 | 0 |
| SEA LTD | ADR | 81141R100 |  | 415726 | 2326 | SH |  | DFND |  | 0 | 0 | 2326 |
| SEA LTD | ADR | 81141R100 |  | 609827 | 3412 | SH |  | DFND | 1 | 3412 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 5287856 | 59188 | SH |  | DFND |  | 0 | 0 | 59188 |
| SELECT SECTOR SPDR TR | SBI INT-FINL | 81369Y605 |  | 5280391 | 98021 | SH |  | DFND |  | 0 | 0 | 98021 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 7449842 | 26431 | SH |  | DFND |  | 0 | 0 | 26431 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 2670647 | 17316 | SH |  | DFND |  | 0 | 0 | 17316 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 9653418 | 40283 | SH |  | DFND |  | 0 | 0 | 40283 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 7097994 | 79201 | SH |  | DFND |  | 0 | 0 | 79201 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 1964587 | 16597 | SH |  | DFND |  | 0 | 0 | 16597 |
| SERVICENOW INC | COM | 81762P102 |  | 23011601 | 25005 | SH |  | DFND |  | 0 | 0 | 25005 |
| SHELL PLC | SPON ADS | 780259305 |  | 42632 | 596 | SH |  | DFND |  | 0 | 0 | 596 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 46503 | 1998 | SH |  | DFND |  | 0 | 0 | 1998 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 190702 | 1756 | SH |  | DFND |  | 0 | 0 | 1756 |
| SNAP INC | CL A | 83304A106 |  | 32760 | 4249 | SH |  | DFND |  | 0 | 0 | 4249 |
| SNOWFLAKE INC | CL A | 833445109 |  | 879419 | 3899 | SH |  | DFND |  | 170 | 0 | 3729 |
| SONY CORP | SPONSORED ADR | 835699307 |  | 814671 | 28297 | SH |  | DFND |  | 0 | 0 | 28297 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 2099164 | 17297 | SH |  | DFND |  | 0 | 0 | 17297 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 48253950 | 397610 | SH |  | DFND | 1 | 397610 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 15124777 | 43574 | SH |  | DFND |  | 0 | 0 | 43574 |
| SPDR GOLD TRUST | CALL | 78463V907 |  | 56449509 | 3750 | SH | Call | DFND |  | 0 | 0 | 3750 |
| SPDR INDEX SHS FDS | ASIA PACIF ETF | 78463X301 |  | 556068 | 4000 | SH |  | DFND |  | 0 | 0 | 4000 |
| SPDR S 500 ETF TR | PUT | 78462F953 |  | 141476 | 650 | SH | Put | DFND |  | 0 | 0 | 650 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 299033704 | 448878 | SH |  | DFND | 1 | 448878 | 0 | 0 |
| SPDR SER TR | SPDR BLOOMBERG | 78468R663 |  | 912729 | 9948 | SH |  | DFND |  | 0 | 0 | 9948 |
| SPDR SER TR | SPDR BLOOMBERG | 78468R663 |  | 299472 | 3264 | SH |  | DFND | 1 | 3264 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 5250 | 136 | SH |  | DFND | 1 | 136 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 8798 | 104 | SH |  | DFND | 1 | 104 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 26771 | 192 | SH |  | DFND |  | 0 | 0 | 192 |
| STONECO LTD | COM CL A | G85158106 |  | 9642776 | 509930 | SH |  | DFND |  | 0 | 0 | 509930 |
| STONECO LTD | COM CL A | G85158106 |  | 2420745 | 128014 | SH |  | DFND | 1 | 128014 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 41773 | 113 | SH |  | DFND |  | 0 | 0 | 113 |
| SUZANO S A SPON | COM | 86959K105 |  | 7787421 | 828449 | SH |  | DFND | 1 | 828449 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 48846 | 99 | SH |  | DFND |  | 0 | 0 | 99 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | 874039100 |  | 12803651 | 38492 | SH |  | DFND |  | 0 | 0 | 38492 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADR | 874039100 |  | 837591 | 2999 | SH |  | DFND | 1 | 2999 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1722486 | 6667 | SH |  | DFND |  | 0 | 0 | 6667 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 21694 | 51 | SH |  | DFND |  | 0 | 0 | 51 |
| TARGET HOSPITALITY CORP | COM | 87615L107 |  | 190766 | 22496 | SH |  | DFND |  | 0 | 0 | 22496 |
| TECHNIPFMC PLC | COM | G87110105 |  | 52508 | 1331 | SH |  | DFND |  | 0 | 0 | 1331 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 1799490 | 41000 | SH |  | DFND |  | 0 | 0 | 41000 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 262458 | 11245 | SH |  | DFND | 1 | 11245 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 42703349 | 96023 | SH |  | DFND |  | 75000 | 0 | 21023 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 5608 | 168 | SH |  | DFND |  | 0 | 0 | 168 |
| TEXAS INSTRS INC | COM | 882508104 |  | 65224 | 355 | SH |  | DFND |  | 0 | 0 | 355 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 35091 | 716 | SH |  | DFND |  | 0 | 0 | 716 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 38802 | 80 | SH |  | DFND |  | 0 | 0 | 80 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 21826 | 45 | SH |  | DFND | 1 | 45 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 8208 | 21 | SH |  | DFND |  | 0 | 0 | 21 |
| TRANSALTA CORP | COM | 89346D107 |  | 16773 | 1227 | SH |  | DFND | 1 | 1227 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 46131 | 35 | SH |  | DFND |  | 0 | 0 | 35 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 17134 | 13 | SH |  | DFND | 1 | 13 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 5425 | 105 | SH |  | DFND |  | 0 | 0 | 105 |
| TWILIO INC | CL A | 90138F102 |  | 45141 | 451 | SH |  | DFND |  | 0 | 0 | 451 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 458010 | 4675 | SH |  | DFND |  | 0 | 0 | 4675 |
| UBIQUITI NETWORKS INC | COM | 90353W103 |  | 19157 | 29 | SH |  | DFND |  | 0 | 0 | 29 |
| UNION PAC CORP | COM | 907818108 |  | 65002 | 275 | SH |  | DFND |  | 0 | 0 | 275 |
| UNITED STATES OIL FUND LP | UNITS | 91232N108 |  | 1475000 | 20000 | SH |  | DFND |  | 0 | 0 | 20000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6257 | 18 | SH |  | DFND | 1 | 18 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 76677 | 1915 | SH |  | DFND |  | 0 | 0 | 1915 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 64802489 | 5967080 | SH |  | DFND | 1 | 5921730 | 0 | 45350 |
| VANECK VECTORS ETF TR | GOLD MINERS ETF | 92189F106 |  | 3056000 | 40000 | SH |  | DFND |  | 0 | 0 | 40000 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 204770686 | 334385 | SH |  | DFND |  | 0 | 0 | 334385 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 1286044 | 2100 | SH |  | DFND | 1 | 2100 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 499867 | 6264 | SH |  | DFND |  | 0 | 0 | 6264 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 67375276 | 844302 | SH |  | DFND | 1 | 844302 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 40814 | 137 | SH |  | DFND |  | 0 | 0 | 137 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 35639 | 91 | SH |  | DFND |  | 0 | 0 | 91 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 47370 | 314 | SH |  | DFND |  | 0 | 0 | 314 |
| VICI PPTYS INC | COM | 925652109 |  | 7566 | 232 | SH |  | DFND | 1 | 232 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 458132 | 1342 | SH |  | DFND |  | 0 | 0 | 1342 |
| VISTRA ENERGY CORP | COM | 92840M102 |  | 252737 | 1290 | SH |  | DFND |  | 0 | 0 | 1290 |
| VISTRA ENERGY CORP | COM | 92840M102 |  | 6276 | 32 | SH |  | DFND | 1 | 32 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 9768 | 241 | SH |  | DFND |  | 0 | 0 | 241 |
| WABTEC CORP | COM | 929740108 |  | 18443 | 92 | SH |  | DFND |  | 0 | 0 | 92 |
| WALMART INC | COM | 931142103 |  | 3886805 | 37714 | SH |  | DFND |  | 19844 | 0 | 17870 |
| WALMART INC | COM | 931142103 |  | 16387 | 159 | SH |  | DFND | 1 | 159 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 26483 | 1356 | SH |  | DFND |  | 0 | 0 | 1356 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 34877 | 1024 | SH |  | DFND |  | 0 | 0 | 1024 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 74420 | 337 | SH |  | DFND |  | 0 | 0 | 337 |
| WATERS CORP | COM | 941848103 |  | 33279 | 111 | SH |  | DFND |  | 0 | 0 | 111 |
| WESTLAKE CHEM CORP | COM | 960413102 |  | 38299 | 497 | SH |  | DFND |  | 0 | 0 | 497 |
| WEYERHAEUSER CO | COM | 962166104 |  | 24344 | 982 | SH |  | DFND |  | 0 | 0 | 982 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 45992 | 726 | SH |  | DFND |  | 0 | 0 | 726 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 10750 | 55 | SH |  | DFND |  | 0 | 0 | 55 |
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 |  | 1043120 | 23600 | SH |  | DFND |  | 0 | 0 | 23600 |
| XYLEM INC | COM | 98419M100 |  | 16815 | 114 | SH |  | DFND |  | 0 | 0 | 114 |
| YANDEX N V | SHS CLASS A | N97284108 |  | 3682456 | 32800 | SH |  | DFND |  | 0 | 0 | 32800 |
| YUM BRANDS INC | COM | 988498101 |  | 32680 | 215 | SH |  | DFND |  | 0 | 0 | 215 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 187110 | 2268 | SH |  | DFND |  | 132 | 0 | 2136 |

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