# EDGAR Filing Document

**Accession Number:** 0001132716
**File Stem:** 0001132716-26-000004
**Filing Date:** 2026-2
**Character Count:** 23742
**Document Hash:** f2f903cafffb18bc6a850e99875a6ece
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001132716-26-000004.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001132716-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06327
- **FILM NUMBER:** 26629752

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

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

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

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

**Name:** Peter Gyr<br>**Title:** CCO UBS Asset Management (Americas)<br>**Phone:** 2127133123

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

Peter Gyr  New York, NY  02-13-2026<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:** 0

**Form 13F Information Table Entry Total:** 221

**Form 13F Information Table Value Total:** $857835950

      (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 |
| ACM RESH I | COMCL | 00108J109 |  | 1418543 | 35958 | SH |  | DFND |  | 35958 | 0 | 0 |
| AMC ENTMT | CLANE | 00165C302 |  | 61913 | 39688 | SH |  | DFND |  | 39688 | 0 | 0 |
| ACCEL ENTE | COMCL | 00436Q106 |  | 2815166 | 246728 | SH |  | DFND |  | 246728 | 0 | 0 |
| ADVANCE AU | COM | 00751Y106 |  | 1260 | 12000 | SH | Put | DFND |  | 12000 | 0 | 0 |
| ALLIANT EN | COM | 018802108 |  | 14575567 | 224205 | SH |  | DFND |  | 224205 | 0 | 0 |
| ALPHABET I | CAPST | 02079K305 |  | 7828130 | 25010 | SH |  | DFND |  | 25010 | 0 | 0 |
| ROYALTY MG | *WEXP | 02369M110 |  | 28841 | 221686 | SH |  | DFND |  | 221686 | 0 | 0 |
| AMERICAN A | COM | 02376R102 |  | 534225 | 5460000 | SH | Put | DFND |  | 5460000 | 0 | 0 |
| AMERICAN E | COM | 025537101 |  | 15019128 | 130250 | SH |  | DFND |  | 130250 | 0 | 0 |
| AMICUS THE | COM | 03152W109 |  | 14240000 | 1000000 | SH |  | DFND |  | 1000000 | 0 | 0 |
| AMPHENOL C | CLA | 032095101 |  | 2987945 | 22110 | SH |  | DFND |  | 22110 | 0 | 0 |
| B  G FOOD | COM | 05508R106 |  | 79520 | 113600 | SH | Put | DFND |  | 113600 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 11189279 | 51535 | SH |  | DFND |  | 51535 | 0 | 0 |
| BOLT PROJS | *WEXP | 09769B115 |  | 1863 | 110914 | SH |  | DFND |  | 110914 | 0 | 0 |
| BOOKING HO | COM | 09857L108 |  | 4284264 | 800 | SH |  | DFND |  | 800 | 0 | 0 |
| BOREALIS F | *WEXP | 09973D113 |  | 3831 | 70030 | SH |  | DFND |  | 70030 | 0 | 0 |
| BRAND ENGA | *WEXP | 104932116 |  | 6851 | 150251 | SH |  | DFND |  | 150251 | 0 | 0 |
| BROADCOM I | COM | 11135F101 |  | 6200 | 40000 | SH | Call | DFND |  | 40000 | 0 | 0 |
| BROADCOM I | COM | 11135F101 |  | 27305906 | 78896 | SH |  | DFND |  | 78896 | 0 | 0 |
| B2GOLD COR | COM | 11777Q209 |  | 8309504 | 1842462 | SH |  | DFND |  | 1842462 | 0 | 0 |
| BURLINGTON | COM | 122017106 |  | 1877525 | 6500 | SH |  | DFND |  | 6500 | 0 | 0 |
| C H ROBINS | COMNE | 12541W209 |  | 2921009 | 18170 | SH |  | DFND |  | 18170 | 0 | 0 |
| CALUMET IN | COM | 131428104 |  | 50500 | 175000 | SH | Put | DFND |  | 175000 | 0 | 0 |
| CAMECO COR | COM | 13321L108 |  | 653056 | 7138 | SH |  | DFND |  | 7138 | 0 | 0 |
| CANADIAN S | COM | 136635109 |  | 1140057 | 47962 | SH |  | DFND |  | 47962 | 0 | 0 |
| CENTERPOIN | COM | 15189T107 |  | 14626518 | 381495 | SH |  | DFND |  | 381495 | 0 | 0 |
| CENTRUS EN | CLA | 15643U104 |  | 654238 | 2695 | SH |  | DFND |  | 2695 | 0 | 0 |
| CHARTER CO | COM | 16119P108 |  | 509735 | 21100 | SH | Put | DFND |  | 21100 | 0 | 0 |
| CHEESECAKE | COM | 163072101 |  | 21000 | 20000 | SH | Put | DFND |  | 20000 | 0 | 0 |
| CHEMOURS C | COM | 163851108 |  | 619080 | 46900 | SH | Put | DFND |  | 46900 | 0 | 0 |
| EXPAND ENE | COM | 165167735 |  | 8400 | 20000 | SH | Call | DFND |  | 20000 | 0 | 0 |
| CID HOLDCO | *WEXP | 171756117 |  | 23657 | 282640 | SH |  | DFND |  | 282640 | 0 | 0 |
| CIDARA THE | COMNE | 171757206 |  | 69685052 | 315474 | SH |  | DFND |  | 315474 | 0 | 0 |
| COHERENT C | COM | 19247G107 |  | 3738834 | 20257 | SH |  | DFND |  | 20257 | 0 | 0 |
| COMCAST CO | COM | 20030N101 |  | 172500 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| CONSTELLAT | COM | 21037T109 |  | 4274567 | 12100 | SH |  | DFND |  | 12100 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 425250 | 81000 | SH | Put | DFND |  | 81000 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 10604480 | 124000 | SH |  | DFND |  | 124000 | 0 | 0 |
| CUMMINS IN | COM | 231021106 |  | 1531350 | 3000 | SH |  | DFND |  | 3000 | 0 | 0 |
| DELTA AIR | COMNE | 247361702 |  | 4075931 | 58731 | SH |  | DFND |  | 58731 | 0 | 0 |
| DIGITALOCE | COM | 25402D102 |  | 3000 | 15000 | SH | Put | DFND |  | 15000 | 0 | 0 |
| DOLLAR TRE | COM | 256746108 |  | 1230100 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| DRAFTKINGS | NOTE3 | 26142RAB0 |  | 18330000 | 20000000 | PRN |  | DFND |  | 20000000 | 0 | 0 |
| ENTERGY CO | COM | 29364G103 |  | 4513357 | 48830 | SH |  | DFND |  | 48830 | 0 | 0 |
| EXACT SCIE | NOTE0 | 30063PAB1 |  | 93672002 | 90000000 | PRN |  | DFND |  | 90000000 | 0 | 0 |
| META PLATF | CLA | 30303M102 |  | 931387 | 1411 | SH |  | DFND |  | 1411 | 0 | 0 |
| FIRST SOLA | COM | 336433107 |  | 2951899 | 11300 | SH |  | DFND |  | 11300 | 0 | 0 |
| FIRSTENERG | COM | 337932107 |  | 26000 | 26000 | SH | Put | DFND |  | 26000 | 0 | 0 |
| FIRSTENERG | NOTE4 | 337932AR8 |  | 10230000 | 10000000 | PRN |  | DFND |  | 10000000 | 0 | 0 |
| FLOWSERVE | COM | 34354P105 |  | 5019019 | 72341 | SH |  | DFND |  | 72341 | 0 | 0 |
| FORD MTR C | COM | 345370860 |  | 447800 | 900000 | SH | Put | DFND |  | 900000 | 0 | 0 |
| FUTU HLDGS | SPONA | 36118L106 |  | 5915008 | 36021 | SH |  | DFND |  | 36021 | 0 | 0 |
| GE VERNOVA | COM | 36828A101 |  | 2505787 | 3834 | SH |  | DFND |  | 3834 | 0 | 0 |
| HARLEY DAV | COM | 412822108 |  | 550000 | 250000 | SH | Put | DFND |  | 250000 | 0 | 0 |
| HERTZ GLOB | COM | 42806J700 |  | 752450 | 1194300 | SH | Put | DFND |  | 1194300 | 0 | 0 |
| HONEYWELL | COM | 438516106 |  | 5016154 | 25712 | SH |  | DFND |  | 25712 | 0 | 0 |
| HOWMET AER | COM | 443201108 |  | 4100400 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| H WORLD GR | SPONS | 44332N106 |  | 760657 | 16167 | SH |  | DFND |  | 16167 | 0 | 0 |
| HUNT J B T | COM | 445658107 |  | 754039 | 3880 | SH |  | DFND |  | 3880 | 0 | 0 |
| MULTISENSO | *WEXP | 456948116 |  | 5575 | 142585 | SH |  | DFND |  | 142585 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3690000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| IRON HORSE | UNIT0 | 46283H202 |  | 994000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| ISHARES TR | COM | 464287655 |  | 10800 | 45000 | SH | Put | DFND |  | 45000 | 0 | 0 |
| ISHARES TR | RUSSE | 464287655 |  | 12800320 | 52000 | SH |  | DFND |  | 52000 | 0 | 0 |
| KNIGHT-SWI | CLA | 499049104 |  | 7002122 | 133935 | SH |  | DFND |  | 133935 | 0 | 0 |
| LAS VEGAS | COM | 517834107 |  | 5931 | 37200 | SH | Put | DFND |  | 37200 | 0 | 0 |
| LIVE NATIO | COM | 538034109 |  | 4873500 | 34200 | SH |  | DFND |  | 34200 | 0 | 0 |
| LUCID GROU | COM | 549498202 |  | 4142863 | 2777800 | SH | Put | DFND |  | 2777800 | 0 | 0 |
| LUMENTUM H | COM | 55024U109 |  | 1136363 | 3083 | SH |  | DFND |  | 3083 | 0 | 0 |
| MGM RESORT | COM | 552953101 |  | 181431 | 82600 | SH | Put | DFND |  | 82600 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 18800 | 80000 | SH | Put | DFND |  | 80000 | 0 | 0 |
| MAGNITE IN | COM | 55955D100 |  | 800 | 32000 | SH | Call | DFND |  | 32000 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 762789 | 12020 | SH |  | DFND |  | 12020 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 19320767 | 973829 | SH |  | DFND |  | 973829 | 0 | 0 |
| MEDICAL PP | COM | 58463J304 |  | 1982 | 396500 | SH | Put | DFND |  | 396500 | 0 | 0 |
| MERCADOLIB | COM | 58733R102 |  | 5035650 | 2500 | SH |  | DFND |  | 2500 | 0 | 0 |
| STRATEGY I | SERIE | 594972887 |  | 751118 | 9500 | SH |  | DFND |  | 9500 | 0 | 0 |
| NEWMONT CO | COM | 651639106 |  | 925610 | 9270 | SH |  | DFND |  | 9270 | 0 | 0 |
| NEXTERA EN | COM | 65339F101 |  | 8774604 | 109300 | SH |  | DFND |  | 109300 | 0 | 0 |
| XPLR INFRA | COM | 65341B106 |  | 163770 | 20600 | SH | Put | DFND |  | 20600 | 0 | 0 |
| GEN DIGITA | RIGHT | 668771116 |  | 1232608 | 274523 | SH |  | DFND |  | 274523 | 0 | 0 |
| NVIDIA COR | COM | 67066G104 |  | 18112134 | 97116 | SH |  | DFND |  | 97116 | 0 | 0 |
| ONEMAIN HL | COM | 68268W103 |  | 5640 | 34400 | SH | Put | DFND |  | 34400 | 0 | 0 |
| PACKAGING | COM | 695156109 |  | 884727 | 4290 | SH |  | DFND |  | 4290 | 0 | 0 |
| PALO ALTO | COM | 697435105 |  | 8289000 | 45000 | SH |  | DFND |  | 45000 | 0 | 0 |
| PARKER-HAN | COM | 701094104 |  | 13588722 | 15460 | SH |  | DFND |  | 15460 | 0 | 0 |
| PELOTON IN | COM | 70614W100 |  | 14000 | 400000 | SH | Put | DFND |  | 400000 | 0 | 0 |
| PELOTON IN | NOTE2 | 70614WAB6 |  | 27076446 | 27352000 | PRN |  | DFND |  | 27352000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2555313 | 102623 | SH |  | DFND |  | 102623 | 0 | 0 |
| PDD HOLDIN | SPONS | 722304102 |  | 3527223 | 31107 | SH |  | DFND |  | 31107 | 0 | 0 |
| ROSS STORE | COM | 778296103 |  | 900700 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| SPDR GOLD | GOLDS | 78463V107 |  | 970960 | 2450 | SH |  | DFND |  | 2450 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 705815 | 688600 | SH | Put | DFND |  | 688600 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 749224 | 550900 | SH |  | DFND |  | 550900 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 5172077 | 15840 | SH |  | DFND |  | 15840 | 0 | 0 |
| SEA LTD | SPONS | 81141R100 |  | 510280 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| SKILLSOFT | CLA | 83066P309 |  | 387736 | 41692 | SH |  | DFND |  | 41692 | 0 | 0 |
| SNOWFLAKE | NOTE1 | 833445AD1 |  | 19028100 | 12300000 | PRN |  | DFND |  | 12300000 | 0 | 0 |
| SOUTHERN C | NOTE4 | 842587DZ7 |  | 8010000 | 7500000 | PRN |  | DFND |  | 7500000 | 0 | 0 |
| STARWOOD P | COM | 85571B105 |  | 30188 | 172500 | SH | Put | DFND |  | 172500 | 0 | 0 |
| SYNOPSYS I | COM | 871607107 |  | 3757760 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| SYNOVUS FI | COMNE | 87161C501 |  | 34994009 | 699181 | SH |  | DFND |  | 699181 | 0 | 0 |
| SYNCHRONY | COM | 87165B103 |  | 9308 | 21900 | SH | Put | DFND |  | 21900 | 0 | 0 |
| SYNTEC OPT | *WEXP | 87169M113 |  | 8329 | 32034 | SH |  | DFND |  | 32034 | 0 | 0 |
| TJX COS IN | COM | 872540109 |  | 2304150 | 15000 | SH |  | DFND |  | 15000 | 0 | 0 |
| TKO GROUP | CLA | 87256C101 |  | 3135000 | 15000 | SH |  | DFND |  | 15000 | 0 | 0 |
| TALEN ENER | COM | 87422Q109 |  | 9830179 | 26225 | SH |  | DFND |  | 26225 | 0 | 0 |
| TAPESTRY I | COM | 876030107 |  | 1277700 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 6123837 | 13617 | SH |  | DFND |  | 13617 | 0 | 0 |
| TEVOGEN BI | *WEXP | 88165K119 |  | 6965 | 181387 | SH |  | DFND |  | 181387 | 0 | 0 |
| TOAST INC | CLA | 888787108 |  | 7102000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| UNITED AIR | COM | 910047109 |  | 5591000 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| UNITED REN | COM | 911363109 |  | 4370328 | 5400 | SH |  | DFND |  | 5400 | 0 | 0 |
| VERTIV HOL | COMCL | 92537N108 |  | 3573455 | 22057 | SH |  | DFND |  | 22057 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 3665 | 73300 | SH | Put | DFND |  | 73300 | 0 | 0 |
| VORNADO RL | COM | 929042109 |  | 25125 | 33500 | SH | Put | DFND |  | 33500 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 2134500 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| WALMART IN | COM | 931142103 |  | 1114100 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| WARNER BRO | COMSE | 934423104 |  | 1440999 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| WASTE MGMT | COM | 94106L109 |  | 13550614 | 61675 | SH |  | DFND |  | 61675 | 0 | 0 |
| WISDOMTREE | COM | 97717P104 |  | 30000 | 100000 | SH | Put | DFND |  | 100000 | 0 | 0 |
| AGRICULTUR | SHSCL | G0131Y100 |  | 4291067 | 384160 | SH |  | DFND |  | 384160 | 0 | 0 |
| ALDEL FINL | CLA | G01558108 |  | 1051000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| ALCHEMY IN | CLAOR | G0232F109 |  | 1424524 | 100248 | SH |  | DFND |  | 100248 | 0 | 0 |
| AMERICAN E | ORDCL | G0273J101 |  | 569500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| APEX TREAS | ORDSH | G04104108 |  | 989000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| ARCHIMEDES | ORDSH | G04537109 |  | 2072000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| ARTIUS II | SHSCL | G0509J115 |  | 1648000 | 160000 | SH |  | DFND |  | 160000 | 0 | 0 |
| BTC DEV CO | ORDSH | G0701G109 |  | 1001500 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| AXALTA COA | COM | G0750C108 |  | 4542786 | 140600 | SH |  | DFND |  | 140600 | 0 | 0 |
| AXIOM INTE | ORDSH | G0750N104 |  | 1762250 | 175000 | SH |  | DFND |  | 175000 | 0 | 0 |
| ARMADA ACQ | COMCL | G0R38G104 |  | 1536000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| BAIN CAP G | ORDCL | G0R78B106 |  | 504000 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| AA MISSION | ORDSH | G1000R101 |  | 2667500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| AA MISSION | ORDSH | G1000S109 |  | 1494000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| BERTO ACQU | ORDSH | G1051H101 |  | 1014000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| BLUE ACQUI | ORDSH | G1331A108 |  | 2042000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| BLUE ACQUI | RIGHT | G1331A116 |  | 60140 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| BLUE WTR A | ORDSH | G1368E106 |  | 2580000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| CAL REDWOO | COMCL | G17564108 |  | 2036000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| CANTOR EQU | SHSCL | G1828A108 |  | 1020000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| CANTOR EQU | SHSCL | G1828E100 |  | 1794580 | 174570 | SH |  | DFND |  | 174570 | 0 | 0 |
| CANTOR EQU | SHSCL | G1828S109 |  | 4612500 | 450000 | SH |  | DFND |  | 450000 | 0 | 0 |
| CARTESIAN | COMCL | G19307100 |  | 2572500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| BOLD EAGLE | CLA | G2003N105 |  | 2319316 | 219217 | SH |  | DFND |  | 219217 | 0 | 0 |
| BOLD EAGLE | RIGHT | G2003N121 |  | 134000 | 400000 | SH |  | DFND |  | 400000 | 0 | 0 |
| CENTURION | SHSCL | G20315100 |  | 1602000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| CHENGHE AC | ORDSH | G2086N105 |  | 1247500 | 125000 | SH |  | DFND |  | 125000 | 0 | 0 |
| CHURCHILL | CLASH | G21301109 |  | 2118283 | 199274 | SH |  | DFND |  | 199274 | 0 | 0 |
| COHEN CIRC | SHSCL | G2254C121 |  | 2048000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| COPLEY ACQ | ORDSH | G24243100 |  | 1023000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 13683696 | 109645 | SH |  | DFND |  | 109645 | 0 | 0 |
| CSLM DIGIT | USDCL | G2584S101 |  | 2487500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| D. BORAL A | SHSCL | G2616F101 |  | 2006000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| ANDRETTI A | ORDSH | G26745102 |  | 1581000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| DUNE ACQUI | SHSCL | G2867S109 |  | 2547500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| EGH ACQUIS | SHSCL | G2946P100 |  | 5070000 | 500000 | SH |  | DFND |  | 500000 | 0 | 0 |
| EQV VENTUR | CLAOR | G3106N109 |  | 2540416 | 242175 | SH |  | DFND |  | 242175 | 0 | 0 |
| EQV VENTUR | *WEXP | G3106N117 |  | 41177 | 80724 | SH |  | DFND |  | 80724 | 0 | 0 |
| EQV VENTUR | ORDSH | G3106Q102 |  | 1504500 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| FIGX CAP A | USDCL | G3473K100 |  | 1006000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| FUTURECRES | CLAOR | G3730U107 |  | 1515000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| GESHER ACQ | USDCL | G3852D107 |  | 2048000 | 200000 | SH |  | DFND |  | 200000 | 0 | 0 |
| GALATA ACQ | ORDSH | G3R25N108 |  | 1245000 | 125000 | SH |  | DFND |  | 125000 | 0 | 0 |
| GORES HLDG | SHSCL | G4002F109 |  | 4868145 | 474941 | SH |  | DFND |  | 474941 | 0 | 0 |
| GP-ACT III | CLA | G4035N103 |  | 2675000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| GRAB HOLDI | CLASS | G4124C109 |  | 506485 | 101500 | SH |  | DFND |  | 101500 | 0 | 0 |
| HAYMAKER A | CLASS | G4375F108 |  | 1135810 | 100248 | SH |  | DFND |  | 100248 | 0 | 0 |
| HERBALIFE | COM | G4412G101 |  | 32960 | 82400 | SH | Put | DFND |  | 82400 | 0 | 0 |
| HIGHVIEW M | ORDSH | G4569C101 |  | 2500000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| INFLECTION | CLAOR | G47875102 |  | 1014000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| INDIGO ACQ | ORDSH | G4791J106 |  | 756000 | 75000 | SH |  | DFND |  | 75000 | 0 | 0 |
| INDIGO ACQ | RIGHT | G4791J114 |  | 10875 | 75000 | SH |  | DFND |  | 75000 | 0 | 0 |
| JACKSON AC | COMSH | G4992A110 |  | 1042000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| JENA ACQUI | USDCL | G5093B105 |  | 7119000 | 700000 | SH |  | DFND |  | 700000 | 0 | 0 |
| LEGATO MER | ORDSH | G5451A103 |  | 1088000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| LIVE OAK A | CLASH | G5509P102 |  | 3346707 | 324923 | SH |  | DFND |  | 324923 | 0 | 0 |
| MCKINLEY A | SHSCL | G6005T101 |  | 997000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| MCKINLEY A | RIGHT | G6005T119 |  | 12500 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| MOUNTAIN L | SHSCL | G6301B101 |  | 1559085 | 149912 | SH |  | DFND |  | 149912 | 0 | 0 |
| M3-BRIGADE | ORDSH | G63221108 |  | 2502500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| NEW PROVID | USDCL | G6476A102 |  | 2565000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| NEWHOLD IN | ORDSH | G6486E102 |  | 3362897 | 324604 | SH |  | DFND |  | 324604 | 0 | 0 |
| NORWEGIAN | COM | G66721104 |  | 5664 | 188800 | SH | Put | DFND |  | 188800 | 0 | 0 |
| NORWEGIAN | SHS | G66721104 |  | 3013200 | 135000 | SH |  | DFND |  | 135000 | 0 | 0 |
| OAKTREE AC | SHSCL | G6717R104 |  | 3174000 | 300000 | SH |  | DFND |  | 300000 | 0 | 0 |
| 1RT ACQUIS | USDCL | G6757R105 |  | 1020000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| OTG ACQUIS | ORDCL | G6791A100 |  | 1750000 | 175000 | SH |  | DFND |  | 175000 | 0 | 0 |
| OXLEY BRID | USDCL | G6858G107 |  | 2515000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| OYSTER ENT | ORDSH | G6861F104 |  | 1011000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| PELICAN AC | SHS | G6993G103 |  | 1017000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| PIONEER AC | CLAOR | G7117W107 |  | 2515000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| PYROPHYTE | CLASH | G7309T102 |  | 1509000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| RANGE CAP | CLAOR | G7375J103 |  | 2245500 | 225000 | SH |  | DFND |  | 225000 | 0 | 0 |
| REAL ASSET | SHSCL | G73944103 |  | 914022 | 89610 | SH |  | DFND |  | 89610 | 0 | 0 |
| RITHM ACQU | CLA | G75751100 |  | 1039000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| ROMAN DBDR | ORDSH | G7633M104 |  | 1043000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| SCAGE FUTU | *WEXP | G7840J118 |  | 7987 | 127590 | SH |  | DFND |  | 127590 | 0 | 0 |
| SHARKNINJA | COMSH | G8068L108 |  | 1121238 | 10020 | SH |  | DFND |  | 10020 | 0 | 0 |
| SILVERBOX | SHSCL | G81354105 |  | 506041 | 47830 | SH |  | DFND |  | 47830 | 0 | 0 |
| SILVER PEG | SHSCL | G8192J102 |  | 1210800 | 120000 | SH |  | DFND |  | 120000 | 0 | 0 |
| SIZZLE ACQ | USDCL | G8193F109 |  | 1016000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| SOLARIUS C | SHSCL | G82617104 |  | 2512500 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| SOULPOWER | USDCL | G82745103 |  | 1522500 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| SPARK I AC | ORDSH | G8316B100 |  | 754533 | 66832 | SH |  | DFND |  | 66832 | 0 | 0 |
| SPRING VY | SHSCL | G8377R101 |  | 3045000 | 300000 | SH |  | DFND |  | 300000 | 0 | 0 |
| SPRING VY | *WEXP | G8377R119 |  | 31500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| STELLAR V | SHSCL | G8475V103 |  | 2591250 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| TALON CAP | ORDSH | G86652107 |  | 2525000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| TE CONNECT | ORDSH | G87052109 |  | 5996026 | 26355 | SH |  | DFND |  | 26355 | 0 | 0 |
| THAYER VEN | CLA | G87890102 |  | 2530000 | 250000 | SH |  | DFND |  | 250000 | 0 | 0 |
| TRAILBLAZE | ORDSH | G9009S103 |  | 4004000 | 400000 | SH |  | DFND |  | 400000 | 0 | 0 |
| TRAILBLAZE | *WEXP | G9009S111 |  | 68680 | 133333 | SH |  | DFND |  | 133333 | 0 | 0 |
| VIKING ACQ | ORDCL | G9582G104 |  | 1485000 | 150000 | SH |  | DFND |  | 150000 | 0 | 0 |
| VIKING ACQ | *WEXP | G9582G112 |  | 19500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| WEN ACQUIS | COMCL | G9R39C103 |  | 1010000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| TRANSOCEAN | COM | H8817H100 |  | 460000 | 400000 | SH | Call | DFND |  | 400000 | 0 | 0 |
| TRANSOCEAN | COM | H8817H100 |  | 188075 | 483400 | SH | Put | DFND |  | 483400 | 0 | 0 |
| CHECK POIN | ORD | M22465104 |  | 1924257 | 10370 | SH |  | DFND |  | 10370 | 0 | 0 |
| TOWER SEMI | SHSNE | M87915274 |  | 1495813 | 12739 | SH |  | DFND |  | 12739 | 0 | 0 |
| ASML HOLDI | NYREG | N07059210 |  | 2139720 | 2000 | SH |  | DFND |  | 2000 | 0 | 0 |

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