# EDGAR Filing Document

**Accession Number:** 0001600344
**File Stem:** 0001172661-25-004977
**Filing Date:** 2025-11
**Character Count:** 69841
**Document Hash:** cdf6121b370e9741e079518b17429cd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004977.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001172661-25-004977

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lighthouse Investment Partners, LLC
- **CENTRAL INDEX KEY:** 0001600344

**ORGANIZATION NAME:**
- **EIN:** 203528185
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22181
- **FILM NUMBER:** 251484477

**BUSINESS ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **STREET 2:** SUITE 604
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410
- **BUSINESS PHONE:** 561-741-0820

**MAIL ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **STREET 2:** SUITE 604
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410

### 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:** Lighthouse Investment Partners LLC<br>**Address:** 3801 PGA Boulevard<br>Suite 604<br>Palm Beach Gardens, FL 33410

**Form 13F File Number:** 028-22181

**CRD Number (if applicable):** 000136591

**SEC File Number (if applicable):** 801-64978

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:** Robert Swan<br>**Title:** Vice President and Chief Operating Officer<br>**Phone:** 561-741-0820

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

/s/ Robert Swan  Palm Beach Gardens, FL  11-14-2025<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:** 3

**Form 13F Information Table Entry Total:** 668

**Form 13F Information Table Value Total:** $3298433203

      (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   |
|:---|:---|:---|
|  | North Rock Capital Management LLC      | 028-22182              |
|  | North Rock Capital Management (UK) LLP | 028-23834              |
|  | HST Ventures LLC                       | 028-21650              |

### 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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 3270400 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 412303 | 4598 | SH |  | DFND | 1 | 4598 | 0 | 0 |
| ACCELERANT HOLDINGS | CL A | G00894108 |  | 2565711 | 172311 | SH |  | DFND | 1 | 172311 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 12398040 | 36000 | SH |  | DFND | 1 | 36000 | 0 | 0 |
| ADIENT PLC | ORD SHS | G0084W101 |  | 765816 | 31803 | SH |  | DFND | 2 | 31803 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 275145 | 780 | SH |  | SOLE |  | 780 | 0 | 0 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 1135551 | 237067 | SH |  | DFND | 1 | 237067 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 2248470 | 21000 | SH |  | DFND | 1 | 21000 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 14918400 | 210000 | SH |  | DFND | 1 | 210000 | 0 | 0 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 |  | 949600 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 4193865 | 84248 | SH |  | DFND | 1 | 84248 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 1304334 | 16087 | SH |  | DFND | 1 | 16087 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 5606364 | 170458 | SH |  | DFND | 1 | 170458 | 0 | 0 |
| ALGOMA STL GROUP INC | COM | 015658107 |  | 78526 | 22089 | SH |  | DFND | 1 | 22089 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1241637 | 6947 | SH |  | DFND | 1 | 6947 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 3003955 | 16938 | SH |  | DFND | 2 | 16938 | 0 | 0 |
| ALLETE INC | COM NEW | 018522300 |  | 10359861 | 156022 | SH |  | DFND | 2 | 156022 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 13542268 | 63090 | SH |  | DFND | 1 | 63090 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 1021090 | 4757 | SH |  | DFND | 3 | 4757 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 3309688 | 15419 | SH |  | DFND | 2 | 15419 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 3976840 | 101450 | SH |  | DFND | 3 | 101450 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 1960000 | 50000 | SH | Put | DFND | 2 | 50000 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 1568000 | 40000 | SH | Call | DFND | 2 | 40000 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 2721578 | 69428 | SH |  | DFND | 2 | 69428 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 1596000 | 3500 | SH |  | DFND | 1 | 3500 | 0 | 0 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 1148630 | 7000 | SH |  | DFND | 1 | 7000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 321646 | 4869 | SH |  | SOLE |  | 4869 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 29754370 | 135512 | SH |  | DFND | 2 | 135512 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 24150065 | 109988 | SH |  | DFND | 1 | 109988 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 69164550 | 315000 | SH | Call | DFND | 1 | 315000 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 1227000 | 150000 | SH |  | DFND | 1 | 150000 | 0 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 420700 | 70000 | SH |  | DFND | 1 | 70000 | 0 | 0 |
| AMERICAN EXCEPTIONALISM ACQU | ORD CL A | G0273J101 |  | 8197500 | 750000 | SH |  | DFND | 1 | 750000 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 |  | 5896705 | 40466 | SH |  | DFND | 1 | 40466 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 7481981 | 178100 | SH |  | DFND | 1 | 178100 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 10806283 | 325001 | SH |  | DFND | 3 | 325001 | 0 | 0 |
| AMERICAN INTEGRITY INS GROUP | COM | 026948109 |  | 1266606 | 56773 | SH |  | DFND | 1 | 56773 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 4225845 | 53805 | SH |  | DFND | 2 | 53805 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 365408 | 1900 | SH |  | DFND | 1 | 1900 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 501584 | 2668 | SH |  | DFND | 2 | 2668 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 216200 | 1150 | SH |  | SOLE |  | 1150 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 5088912 | 262857 | SH |  | DFND | 2 | 262857 | 0 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | COM | 03209R103 |  | 575640 | 21600 | SH |  | DFND | 1 | 21600 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY JUNIOR S | 032108649 |  | 1015198 | 43967 | SH |  | DFND | 1 | 43967 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 294917 | 6077 | SH |  | DFND | 2 | 6077 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 289926 | 1180 | SH |  | SOLE |  | 1180 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 10068000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 4057880 | 11380 | SH |  | DFND | 2 | 11380 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 11445505 | 32098 | SH |  | DFND | 1 | 32098 | 0 | 0 |
| APOLLO COML REAL EST FIN INC | COM | 03762U105 |  | 3655633 | 360872 | SH |  | DFND | 3 | 360872 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 1429454 | 10726 | SH |  | DFND | 3 | 10726 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 3589494 | 26934 | SH |  | DFND | 1 | 26934 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1917360 | 22238 | SH |  | DFND | 2 | 22238 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1041279 | 12077 | SH |  | DFND | 1 | 12077 | 0 | 0 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 4253610 | 348371 | SH |  | DFND | 3 | 348371 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 862050 | 10500 | SH |  | DFND | 1 | 10500 | 0 | 0 |
| ARDMORE SHIPPING CORP | COM | Y0207T100 |  | 2369584 | 199628 | SH |  | DFND | 2 | 199628 | 0 | 0 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 |  | 997301 | 221131 | SH |  | DFND | 3 | 221131 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 3026878 | 18931 | SH |  | DFND | 1 | 18931 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 3097752 | 4200 | SH |  | DFND | 1 | 4200 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 503158 | 2567 | SH |  | DFND | 2 | 2567 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 1988100 | 10000 | SH | Put | DFND | 1 | 10000 | 0 | 0 |
| ASPEN INSURANCE HOLDINGS LTD | ORD SHS CL A | G05384501 |  | 1160513 | 31613 | SH |  | DFND | 2 | 31613 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 17062449 | 78774 | SH |  | DFND | 1 | 78774 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1918000 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 17147272 | 607198 | SH |  | DFND | 1 | 607198 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 5518011 | 195397 | SH |  | DFND | 2 | 195397 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 7101616 | 188923 | SH |  | DFND | 1 | 188923 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 5728543 | 18033 | SH |  | DFND | 2 | 18033 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 1750160 | 8000 | SH |  | DFND | 1 | 8000 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 12227661 | 63300 | SH |  | DFND | 1 | 63300 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 509214 | 3140 | SH |  | DFND | 2 | 3140 | 0 | 0 |
| AVIENT CORPORATION | COM | 05368V106 |  | 2058650 | 62478 | SH |  | DFND | 1 | 62478 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 1481085 | 299209 | SH |  | DFND | 1 | 299209 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 1551328 | 11773 | SH |  | DFND | 1 | 11773 | 0 | 0 |
| BAIN CAP GSS INVT CORP | UNIT 99/99/9999 | G0R78B122 |  | 5045000 | 500000 | SH |  | DFND | 1 | 500000 | 0 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 11682301 | 3456302 | SH |  | DFND | 2 | 3456302 | 0 | 0 |
| BANCORP INC DEL | COM | 05969A105 |  | 792186 | 10578 | SH |  | DFND | 3 | 10578 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 5987535 | 116060 | SH |  | DFND | 2 | 116060 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 6132923 | 56286 | SH |  | DFND | 1 | 56286 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 3204801 | 155046 | SH |  | DFND | 2 | 155046 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 12698880 | 387263 | SH |  | DFND | 1 | 387263 | 0 | 0 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 4820227 | 93633 | SH |  | DFND | 2 | 93633 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 2301419 | 30434 | SH |  | DFND | 1 | 30434 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 560780 | 2000 | SH |  | DFND | 1 | 2000 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 3922240 | 28000 | SH |  | DFND | 1 | 28000 | 0 | 0 |
| BIOHAVEN LTD | COM | G1110E107 |  | 525350 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| BITDEER TECHNOLOGIES GROUP | CL A ORD SHS | G11448100 |  | 1538100 | 90000 | SH |  | DFND | 1 | 90000 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 590525 | 9588 | SH |  | DFND | 2 | 9588 | 0 | 0 |
| BLEND LABS INC | CL A | 09352U108 |  | 899678 | 246487 | SH |  | DFND | 3 | 246487 | 0 | 0 |
| BLUE ACQUISITION CORP. | RIGHT 06/11/2030 | G1331A116 |  | 32280 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 2266215 | 10500 | SH |  | DFND | 1 | 10500 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1460737 | 6768 | SH |  | DFND | 2 | 6768 | 0 | 0 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 3375095 | 43651 | SH |  | DFND | 3 | 43651 | 0 | 0 |
| BOLD EAGLE ACQUISITION CORP | RIGHT 10/11/2029 | G2003N121 |  | 216000 | 800000 | SH |  | DFND | 1 | 800000 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 556125 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| BORR DRILLING LTD | SHS | G1466R173 |  | 538000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| BOWHEAD SPECIALTY HLDGS INC | COM SHS | 10240L102 |  | 5642031 | 208655 | SH |  | DFND | 1 | 208655 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 364277 | 10571 | SH |  | DFND | 2 | 10571 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 10338000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 368722 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 357308 | 130882 | SH |  | DFND | 3 | 130882 | 0 | 0 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 1459500 | 350000 | SH |  | DFND | 1 | 350000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 477848 | 9200 | SH |  | DFND | 1 | 9200 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 878262 | 16546 | SH |  | DFND | 1 | 16546 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 22144000 | 800000 | SH |  | DFND | 1 | 800000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 23559533 | 71412 | SH |  | DFND | 1 | 71412 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 3109664 | 54613 | SH |  | DFND | 1 | 54613 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 2339280 | 72000 | SH |  | DFND | 1 | 72000 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 970000 | 8000 | SH |  | DFND | 1 | 8000 | 0 | 0 |
| BXP INC | COM | 101121101 |  | 683036 | 9188 | SH |  | DFND | 3 | 9188 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 494071 | 4627 | SH |  | DFND | 3 | 4627 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 14974746 | 158799 | SH |  | DFND | 3 | 158799 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 7038949 | 33112 | SH |  | DFND | 3 | 33112 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1255680 | 8000 | SH |  | DFND | 1 | 8000 | 0 | 0 |
| CARDLYTICS INC | COM | 14161W105 |  | 88848 | 36563 | SH |  | DFND | 3 | 36563 | 0 | 0 |
| CARETRUST REIT INC | COM | 14174T107 |  | 6797280 | 196000 | SH |  | DFND | 1 | 196000 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 4075625 | 65002 | SH |  | DFND | 1 | 65002 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 885016 | 19724 | SH |  | DFND | 3 | 19724 | 0 | 0 |
| CARS COM INC | COM | 14575E105 |  | 434323 | 35542 | SH |  | DFND | 3 | 35542 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 290475 | 770 | SH |  | SOLE |  | 770 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 2895422 | 11806 | SH |  | DFND | 1 | 11806 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 456165 | 1860 | SH |  | SOLE |  | 1860 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 15164789 | 61834 | SH |  | DFND | 2 | 61834 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 12303545 | 78088 | SH |  | DFND | 1 | 78088 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2467074 | 15658 | SH |  | DFND | 3 | 15658 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 6044198 | 37947 | SH |  | DFND | 2 | 37947 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 602501 | 14318 | SH |  | DFND | 1 | 14318 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 402430 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 12310966 | 214141 | SH |  | DFND | 1 | 214141 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 8216473 | 484000 | SH |  | DFND | 1 | 484000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 335178 | 9394 | SH |  | SOLE |  | 9394 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 1081549 | 100970 | SH |  | DFND | 1 | 100970 | 0 | 0 |
| CENTERSPACE | COM | 15202L107 |  | 3828500 | 65000 | SH |  | DFND | 1 | 65000 | 0 | 0 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 393789 | 1270 | SH |  | DFND | 1 | 1270 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 718703 | 24479 | SH |  | DFND | 1 | 24479 | 0 | 0 |
| CHAMPION HOMES INC | COM | 830830105 |  | 8182969 | 107149 | SH |  | DFND | 3 | 107149 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 860530 | 5500 | SH |  | DFND | 1 | 5500 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 6796694 | 33958 | SH |  | DFND | 2 | 33958 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 4850002 | 306187 | SH |  | DFND | 1 | 306187 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 9399200 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 1538071 | 38024 | SH |  | DFND | 1 | 38024 | 0 | 0 |
| CHINA YUCHAI INTL LTD | COM | G21082105 |  | 6395058 | 154582 | SH |  | DFND | 1 | 154582 | 0 | 0 |
| CHURCHILL CAP CORP X | *W EXP 05/14/203 | G2130T116 |  | 319500 | 90000 | SH |  | DFND | 1 | 90000 | 0 | 0 |
| CHURCHILL CAP CORP X | SHS CL A | G2130T108 |  | 1286000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 4491563 | 46300 | SH |  | DFND | 1 | 46300 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 18598252 | 117636 | SH |  | DFND | 1 | 117636 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 7208937 | 71024 | SH |  | DFND | 2 | 71024 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 2105508 | 39607 | SH |  | DFND | 1 | 39607 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 6891495 | 212046 | SH |  | DFND | 1 | 212046 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 207600 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 265350 | 21750 | SH |  | SOLE |  | 21750 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 8906000 | 730000 | SH |  | DFND | 1 | 730000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 10630085 | 39343 | SH |  | DFND | 2 | 39343 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 4331416 | 16031 | SH |  | DFND | 1 | 16031 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 280998 | 1040 | SH |  | SOLE |  | 1040 | 0 | 0 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 8018011 | 202731 | SH |  | DFND | 1 | 202731 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 6670532 | 100581 | SH |  | DFND | 2 | 100581 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 2315400 | 25610 | SH |  | DFND | 2 | 25610 | 0 | 0 |
| COHEN CIRCLE ACQUISIT CORP I | *W EXP 07/01/203 | G2254C113 |  | 332500 | 350000 | SH |  | DFND | 1 | 350000 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 477548 | 1415 | SH |  | SOLE |  | 1415 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 17108966 | 664684 | SH |  | DFND | 3 | 664684 | 0 | 0 |
| COMERICA INC | COM | 200340107 |  | 6972253 | 101755 | SH |  | DFND | 3 | 101755 | 0 | 0 |
| COMMERCE.COM INC | COM SER 1 | 08975P108 |  | 212095 | 42504 | SH |  | DFND | 3 | 42504 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 24333317 | 3030301 | SH |  | DFND | 3 | 3030301 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 1478941 | 74581 | SH |  | DFND | 1 | 74581 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 9016792 | 95325 | SH |  | DFND | 1 | 95325 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 2334345 | 156878 | SH |  | DFND | 1 | 156878 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 1542600 | 22500 | SH |  | DFND | 1 | 22500 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 1345750 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 417400 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 10281736 | 320803 | SH |  | DFND | 1 | 320803 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 821100 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 17364000 | 600000 | SH |  | DFND | 1 | 600000 | 0 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 1595607 | 55135 | SH |  | DFND | 3 | 55135 | 0 | 0 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 1017005 | 5523 | SH |  | DFND | 1 | 5523 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 2436248 | 20319 | SH |  | DFND | 1 | 20319 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 7339319 | 61212 | SH |  | DFND | 2 | 61212 | 0 | 0 |
| CROSS CTRY HEALTHCARE INC | COM | 227483104 |  | 923213 | 65015 | SH |  | DFND | 2 | 65015 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 10891521 | 306717 | SH |  | DFND | 3 | 306717 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 9765250 | 275000 | SH |  | DFND | 1 | 275000 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 6952860 | 171000 | SH |  | DFND | 1 | 171000 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 557951 | 1321 | SH |  | DFND | 1 | 1321 | 0 | 0 |
| CUSHMAN WAKEFIELD PLC | SHS | G2717B108 |  | 7558020 | 474750 | SH |  | DFND | 1 | 474750 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 5884767 | 12180 | SH |  | DFND | 2 | 12180 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 2583120 | 47000 | SH |  | DFND | 1 | 47000 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 1222440 | 61000 | SH |  | DFND | 1 | 61000 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 252264 | 12588 | SH |  | DFND | 2 | 12588 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 867930 | 8562 | SH |  | DFND | 2 | 8562 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 4872770 | 151000 | SH |  | DFND | 1 | 151000 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 2837500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 2880002 | 81333 | SH |  | DFND | 2 | 81333 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1127635 | 32163 | SH |  | DFND | 1 | 32163 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 1925862 | 161160 | SH |  | DFND | 2 | 161160 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 3434400 | 24000 | SH |  | DFND | 1 | 24000 | 0 | 0 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 |  | 6567000 | 825000 | SH |  | DFND | 1 | 825000 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 4614176 | 20764 | SH |  | DFND | 1 | 20764 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY SEMICONDUC | 25460G112 |  | 180950 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| DOUGLAS EMMETT INC | COM | 25960P109 |  | 229766 | 14757 | SH |  | DFND | 3 | 14757 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 2293000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 802275 | 34988 | SH |  | DFND | 2 | 34988 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 2956545 | 79052 | SH |  | DFND | 2 | 79052 | 0 | 0 |
| DRUGS MADE IN AMER ACQ II CO | UNIT 09/16/2030 | G2851K120 |  | 2983500 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 284828 | 885 | SH |  | SOLE |  | 885 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 3505500 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 1125577 | 14449 | SH |  | DFND | 2 | 14449 | 0 | 0 |
| DYNE THERAPEUTICS INC | COM | 26818M108 |  | 253000 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 211968 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 7997234 | 34317 | SH |  | DFND | 2 | 34317 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 8151054 | 48157 | SH |  | DFND | 3 | 48157 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 3955823 | 10570 | SH |  | DFND | 2 | 10570 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 530239 | 5830 | SH |  | SOLE |  | 5830 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 3687799 | 13466 | SH |  | DFND | 1 | 13466 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 210598 | 769 | SH |  | DFND | 2 | 769 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 11258289 | 55817 | SH |  | DFND | 2 | 55817 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 3160899 | 125582 | SH |  | DFND | 1 | 125582 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 4196500 | 5500 | SH |  | DFND | 1 | 5500 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 648029 | 4940 | SH |  | DFND | 2 | 4940 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 10185766 | 90847 | SH |  | DFND | 1 | 90847 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 22588450 | 415000 | SH |  | DFND | 1 | 415000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 19249689 | 24577 | SH |  | DFND | 2 | 24577 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 2819664 | 3600 | SH |  | DFND | 1 | 3600 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 970519 | 86499 | SH |  | DFND | 1 | 86499 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 11611910 | 191300 | SH |  | DFND | 1 | 191300 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 4375013 | 72076 | SH |  | DFND | 3 | 72076 | 0 | 0 |
| EQV VENTURES AC CORP. II | *W EXP 06/30/203 | G3106Q128 |  | 84000 | 350000 | SH |  | DFND | 1 | 350000 | 0 | 0 |
| ERIE INDTY CO | CL A | 29530P102 |  | 630275 | 1981 | SH |  | DFND | 1 | 1981 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 5116936 | 252733 | SH |  | DFND | 1 | 252733 | 0 | 0 |
| ESAB CORPORATION | COM | 29605J106 |  | 4411495 | 39480 | SH |  | DFND | 1 | 39480 | 0 | 0 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 1003930 | 15795 | SH |  | DFND | 1 | 15795 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 20832000 | 700000 | SH |  | DFND | 1 | 700000 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 14033146 | 52429 | SH |  | DFND | 3 | 52429 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 4603752 | 17200 | SH |  | DFND | 1 | 17200 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 7746216 | 22964 | SH |  | DFND | 1 | 22964 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 10360154 | 29581 | SH |  | DFND | 1 | 29581 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 4432511 | 12656 | SH |  | DFND | 2 | 12656 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 1475367 | 64511 | SH |  | DFND | 1 | 64511 | 0 | 0 |
| EVOTEC AG | SPONSORED ADS | 30050E105 |  | 136288 | 37545 | SH |  | DFND | 2 | 37545 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 9710336 | 91400 | SH | Call | DFND | 1 | 91400 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 28213732 | 265566 | SH |  | DFND | 1 | 265566 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 416806 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 |  | 891000 | 75000 | SH |  | DFND | 1 | 75000 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 6159078 | 43700 | SH |  | DFND | 1 | 43700 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 18739051 | 166200 | SH |  | DFND | 1 | 166200 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 790829 | 7014 | SH |  | DFND | 2 | 7014 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 337228 | 695 | SH |  | SOLE |  | 695 | 0 | 0 |
| FIDELIS INSURANCE HOLDINGS L | COM | G3398L118 |  | 1715810 | 94535 | SH |  | DFND | 1 | 94535 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 18939287 | 287220 | SH |  | DFND | 3 | 287220 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 3205150 | 71945 | SH |  | DFND | 1 | 71945 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 5023218 | 222168 | SH |  | DFND | 1 | 222168 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 1042751 | 46119 | SH |  | DFND | 3 | 46119 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 22090924 | 429200 | SH |  | DFND | 1 | 429200 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 1021016 | 83077 | SH |  | DFND | 1 | 83077 | 0 | 0 |
| FIRSTCASH HOLDINGS INC | COM | 33768G107 |  | 228125 | 1440 | SH |  | SOLE |  | 1440 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 3767409 | 24353 | SH |  | DFND | 1 | 24353 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 3454100 | 65000 | SH |  | DFND | 1 | 65000 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 1270000 | 5000 | SH |  | DFND | 2 | 5000 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 822960 | 3240 | SH |  | DFND | 1 | 3240 | 0 | 0 |
| FLYWIRE CORPORATION | COM VTG | 302492103 |  | 3283626 | 242513 | SH |  | DFND | 3 | 242513 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 1816020 | 54000 | SH |  | DFND | 1 | 54000 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 4894123 | 211592 | SH |  | DFND | 1 | 211592 | 0 | 0 |
| FRONTLINE PLC | COM | M46528101 |  | 2056638 | 90243 | SH |  | DFND | 2 | 90243 | 0 | 0 |
| FUELCELL ENERGY INC | COM NEW | 35952H700 |  | 1443000 | 185000 | SH |  | DFND | 1 | 185000 | 0 | 0 |
| FULLER H B CO | COM | 359694106 |  | 1120451 | 18901 | SH |  | DFND | 2 | 18901 | 0 | 0 |
| FUTURECREST ACQUISITION CORP | UNIT 99/99/9999 | G3730U123 |  | 265000 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 10116514 | 217046 | SH |  | DFND | 1 | 217046 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 613088 | 2490 | SH |  | SOLE |  | 2490 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 5900512 | 152468 | SH |  | DFND | 1 | 152468 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 525700 | 7000 | SH |  | DFND | 1 | 7000 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 8688562 | 51903 | SH |  | DFND | 1 | 51903 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 7255125 | 118995 | SH |  | DFND | 1 | 118995 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2299118 | 37709 | SH |  | DFND | 2 | 37709 | 0 | 0 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 7460423 | 602619 | SH |  | DFND | 1 | 602619 | 0 | 0 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 2291538 | 185100 | SH | Call | DFND | 1 | 185100 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 3028687 | 21852 | SH |  | DFND | 3 | 21852 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 346084 | 2497 | SH |  | DFND | 1 | 2497 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 1573632 | 33213 | SH |  | DFND | 1 | 33213 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 14692312 | 102765 | SH |  | DFND | 1 | 102765 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 7318457 | 9190 | SH |  | DFND | 3 | 9190 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 988270 | 1241 | SH |  | DFND | 2 | 1241 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 1047200 | 140000 | SH |  | DFND | 1 | 140000 | 0 | 0 |
| GORES HLDGS X INC | *W EXP 05/02/203 | G4002F125 |  | 190000 | 250000 | SH |  | DFND | 1 | 250000 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 1240754 | 1302 | SH |  | DFND | 2 | 1302 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 5278551 | 48140 | SH |  | DFND | 1 | 48140 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 424469 | 31606 | SH |  | DFND | 3 | 31606 | 0 | 0 |
| GREENBRIER COS INC | COM | 393657101 |  | 3657080 | 79209 | SH |  | DFND | 3 | 79209 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 13573500 | 75000 | SH |  | DFND | 1 | 75000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 10086000 | 410000 | SH |  | DFND | 1 | 410000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1640820 | 66700 | SH | Call | DFND | 1 | 66700 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 19832725 | 109193 | SH |  | DFND | 1 | 109193 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 4510049 | 33811 | SH |  | DFND | 2 | 33811 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 6945884 | 52072 | SH |  | DFND | 1 | 52072 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 1509946 | 19907 | SH |  | DFND | 1 | 19907 | 0 | 0 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 9123180 | 506000 | SH |  | DFND | 1 | 506000 | 0 | 0 |
| HEARTLAND EXPRESS INC | COM | 422347104 |  | 476805 | 56898 | SH |  | DFND | 3 | 56898 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 2209000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 280575 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 5122738 | 27387 | SH |  | DFND | 1 | 27387 | 0 | 0 |
| HEXCEL CORP NEW | COM | 428291108 |  | 1004329 | 16018 | SH |  | DFND | 2 | 16018 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 4187200 | 80000 | SH |  | DFND | 1 | 80000 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 8750500 | 275000 | SH |  | DFND | 1 | 275000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 349466 | 1347 | SH |  | DFND | 1 | 1347 | 0 | 0 |
| HIPPO HLDGS INC | COM NEW | 433539202 |  | 2074752 | 57377 | SH |  | DFND | 1 | 57377 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 582709 | 8634 | SH |  | DFND | 2 | 8634 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 15200704 | 37515 | SH |  | DFND | 1 | 37515 | 0 | 0 |
| HORACE MANN EDUCATORS CORP N | COM | 440327104 |  | 10127611 | 224211 | SH |  | DFND | 1 | 224211 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 5106000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 3016473 | 7010 | SH |  | DFND | 1 | 7010 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 2367832 | 17648 | SH |  | DFND | 3 | 17648 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1063141 | 61560 | SH |  | DFND | 2 | 61560 | 0 | 0 |
| HUNTINGTON INGALLS INDS INC | COM | 446413106 |  | 797511 | 2770 | SH |  | SOLE |  | 2770 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 9355884 | 65919 | SH |  | DFND | 1 | 65919 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 1104675 | 85435 | SH |  | DFND | 1 | 85435 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 1750000 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| IES HLDGS INC | COM | 44951W106 |  | 437415 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| INGEVITY CORP | COM | 45688C107 |  | 275950 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 1632400 | 22000 | SH |  | DFND | 1 | 22000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 7909778 | 114951 | SH |  | DFND | 1 | 114951 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 4834702 | 28696 | SH |  | DFND | 1 | 28696 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 5005372 | 29709 | SH |  | DFND | 2 | 29709 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 1622979 | 34978 | SH |  | DFND | 1 | 34978 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 4586060 | 164316 | SH |  | DFND | 2 | 164316 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 2608716 | 3820 | SH |  | DFND | 3 | 3820 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1300014 | 6853 | SH |  | DFND | 2 | 6853 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 5065886 | 220832 | SH |  | DFND | 1 | 220832 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 3505668 | 152819 | SH |  | DFND | 3 | 152819 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 6745900 | 230000 | SH |  | DFND | 1 | 230000 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 6422220 | 63000 | SH |  | DFND | 1 | 63000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 203317 | 2275 | SH |  | DFND | 2 | 2275 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2661524 | 27592 | SH |  | DFND | 2 | 27592 | 0 | 0 |
| JACKSON FINANCIAL INC | COM CL A | 46817M107 |  | 4839907 | 47811 | SH |  | DFND | 1 | 47811 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 4227026 | 94968 | SH |  | DFND | 1 | 94968 | 0 | 0 |
| JBT MAREL CORPORATION | COM | 477839104 |  | 5292016 | 37679 | SH |  | DFND | 1 | 37679 | 0 | 0 |
| JENA ACQUISITION CORP II | RIGHT 03/31/2030 | G5093B113 |  | 220000 | 1100000 | SH |  | DFND | 1 | 1100000 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 9042656 | 30316 | SH |  | DFND | 1 | 30316 | 0 | 0 |
| JOYY INC | ADS REPSTG COM A | 46591M109 |  | 2886836 | 49255 | SH |  | DFND | 1 | 49255 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 15097742 | 47864 | SH |  | DFND | 3 | 47864 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 4978000 | 262000 | SH |  | DFND | 1 | 262000 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 4917427 | 59954 | SH |  | DFND | 2 | 59954 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 7390002 | 90100 | SH | Put | DFND | 2 | 90100 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 10868889 | 581535 | SH |  | DFND | 3 | 581535 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 |  | 3151935 | 74602 | SH |  | DFND | 3 | 74602 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 302644 | 2434 | SH |  | DFND | 2 | 2434 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 21959250 | 1005000 | SH |  | DFND | 1 | 1005000 | 0 | 0 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 21519500 | 965000 | SH |  | DFND | 1 | 965000 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 337740 | 2599 | SH |  | DFND | 1 | 2599 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 11963457 | 92062 | SH |  | DFND | 2 | 92062 | 0 | 0 |
| KKR REAL ESTATE FIN TR INC | COM | 48251K100 |  | 789948 | 87772 | SH |  | DFND | 3 | 87772 | 0 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 1007142 | 27480 | SH |  | DFND | 3 | 27480 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 803768 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 202189 | 1510 | SH |  | DFND | 2 | 1510 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 1907867 | 18963 | SH |  | DFND | 2 | 18963 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 256890 | 4799 | SH |  | DFND | 3 | 4799 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 6912412 | 54843 | SH |  | DFND | 3 | 54843 | 0 | 0 |
| LEXINFINTECH HLDGS LTD | ADR | 528877103 |  | 202540 | 38000 | SH |  | DFND | 1 | 38000 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 3085000 | 250000 | SH |  | DFND | 1 | 250000 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 4653173 | 406036 | SH |  | DFND | 2 | 406036 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 748280 | 7164 | SH |  | SOLE |  | 7164 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S C | 531229722 |  | 15303708 | 157819 | SH |  | DFND | 2 | 157819 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1001775 | 2109 | SH |  | DFND | 2 | 2109 | 0 | 0 |
| LITTELFUSE INC | COM | 537008104 |  | 518020 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LIVE OAK BANCSHARES INC | COM | 53803X105 |  | 1131724 | 32133 | SH |  | DFND | 3 | 32133 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 3494470 | 7000 | SH |  | DFND | 1 | 7000 | 0 | 0 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 1040938 | 11717 | SH |  | DFND | 2 | 11717 | 0 | 0 |
| LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 |  | 933800 | 230000 | SH |  | DFND | 1 | 230000 | 0 | 0 |
| LXP INDUSTRIAL TRUST | COM | 529043101 |  | 10752000 | 1200000 | SH |  | DFND | 1 | 1200000 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 3031555 | 61818 | SH |  | DFND | 1 | 61818 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 821700 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 4818500 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| MARCUS  MILLICHAP INC | COM | 566324109 |  | 1010961 | 34445 | SH |  | DFND | 3 | 34445 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 4886095 | 24245 | SH |  | DFND | 1 | 24245 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 473340 | 751 | SH |  | SOLE |  | 751 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 658012 | 1044 | SH |  | DFND | 1 | 1044 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 6916325 | 32500 | SH |  | DFND | 1 | 32500 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 8424375 | 187500 | SH |  | DFND | 1 | 187500 | 0 | 0 |
| MATSON INC | COM | 57686G105 |  | 8241335 | 83592 | SH |  | DFND | 3 | 83592 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 8288600 | 27275 | SH |  | DFND | 1 | 27275 | 0 | 0 |
| MECHANICS BANCORP | CL A | 43785V102 |  | 3458750 | 259861 | SH |  | DFND | 3 | 259861 | 0 | 0 |
| MEDIAALPHA INC | CL A | 58450V104 |  | 4027723 | 353930 | SH |  | DFND | 1 | 353930 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 733348 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 4190560 | 44000 | SH |  | DFND | 1 | 44000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 336519 | 144 | SH |  | SOLE |  | 144 | 0 | 0 |
| MERUS N V | COM | N5749R100 |  | 523380 | 5559 | SH |  | DFND | 2 | 5559 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3914245 | 5330 | SH |  | DFND | 1 | 5330 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7993726 | 10885 | SH |  | DFND | 2 | 10885 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 7439164 | 90314 | SH |  | DFND | 1 | 90314 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 652288 | 7919 | SH |  | DFND | 2 | 7919 | 0 | 0 |
| METSERA INC | COM | 59267L107 |  | 1889322 | 36104 | SH |  | DFND | 2 | 36104 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1077521 | 37981 | SH |  | DFND | 1 | 37981 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 16737554 | 32315 | SH |  | DFND | 2 | 32315 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 606002 | 1170 | SH |  | SOLE |  | 1170 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 7828373 | 56025 | SH |  | DFND | 3 | 56025 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 3456180 | 26000 | SH |  | DFND | 1 | 26000 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 3411840 | 24000 | SH |  | DFND | 1 | 24000 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 376979 | 1970 | SH |  | SOLE |  | 1970 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 716313 | 10642 | SH |  | SOLE |  | 10642 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 14970535 | 94178 | SH |  | DFND | 2 | 94178 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 13864809 | 87222 | SH |  | DFND | 1 | 87222 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 3645666 | 105123 | SH |  | DFND | 1 | 105123 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 672842 | 3192 | SH |  | DFND | 2 | 3192 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 1445570 | 14297 | SH |  | DFND | 1 | 14297 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 3551250 | 125000 | SH | Call | DFND | 1 | 125000 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 24148500 | 850000 | SH |  | DFND | 1 | 850000 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 4892076 | 12600 | SH |  | DFND | 1 | 12600 | 0 | 0 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 |  | 615600 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| NATIONAL HEALTH INVS INC | COM | 63633D104 |  | 10327050 | 129900 | SH |  | DFND | 1 | 129900 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 9292650 | 307500 | SH |  | DFND | 1 | 307500 | 0 | 0 |
| NAVIENT CORPORATION | COM | 63938C108 |  | 20912958 | 1590339 | SH |  | DFND | 3 | 1590339 | 0 | 0 |
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 |  | 2347510 | 52109 | SH |  | DFND | 2 | 52109 | 0 | 0 |
| NERDWALLET INC | COM CL A | 64082B102 |  | 120781 | 11225 | SH |  | DFND | 3 | 11225 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 277801 | 3295 | SH |  | DFND | 1 | 3295 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 644812 | 72046 | SH |  | DFND | 1 | 72046 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3654410 | 52408 | SH |  | DFND | 1 | 52408 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 3002051 | 393970 | SH |  | DFND | 1 | 393970 | 0 | 0 |
| NMI HLDGS INC | COM | 629209305 |  | 2747291 | 71656 | SH |  | DFND | 3 | 71656 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 6363000 | 225000 | SH |  | DFND | 1 | 225000 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 3483229 | 15348 | SH |  | DFND | 1 | 15348 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 5207908 | 17336 | SH |  | DFND | 2 | 17336 | 0 | 0 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 1736000 | 70000 | SH |  | DFND | 1 | 70000 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 5110627 | 37969 | SH |  | DFND | 1 | 37969 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 366201 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 6547820 | 118000 | SH | Call | DFND | 1 | 118000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 9370402 | 69190 | SH |  | DFND | 1 | 69190 | 0 | 0 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 462000 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 1097642 | 18696 | SH |  | DFND | 2 | 18696 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 2537119 | 25721 | SH |  | DFND | 1 | 25721 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 1805704 | 18306 | SH |  | DFND | 2 | 18306 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 317186 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3288286 | 17624 | SH |  | DFND | 2 | 17624 | 0 | 0 |
| OAKTREE ACQUISITION CORP III | *W EXP 09/01/203 | G6717R112 |  | 45000 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 22344903 | 472908 | SH |  | DFND | 1 | 472908 | 0 | 0 |
| OKEANIS ECO TANKERS COR | SHS | Y64177101 |  | 1521016 | 51965 | SH |  | DFND | 2 | 51965 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 558150 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 2372351 | 94932 | SH |  | DFND | 1 | 94932 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 1203121 | 28409 | SH |  | DFND | 2 | 28409 | 0 | 0 |
| ONECONNECT FINL TECHNOLOGY C | SPONSORED ADS | 68248T204 |  | 341161 | 45008 | SH |  | DFND | 1 | 45008 | 0 | 0 |
| OR ROYALTIES INC. | COM SHS | 68390D106 |  | 326892 | 8156 | SH |  | DFND | 1 | 8156 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1734407 | 6167 | SH |  | DFND | 2 | 6167 | 0 | 0 |
| ORION S.A. | COM | L72967109 |  | 3824421 | 504541 | SH |  | DFND | 1 | 504541 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 4410949 | 48244 | SH |  | DFND | 2 | 48244 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 5047500 | 125000 | SH |  | DFND | 1 | 125000 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 1305534 | 9229 | SH |  | DFND | 2 | 9229 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 955769 | 9721 | SH |  | DFND | 2 | 9721 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 4671773 | 47516 | SH |  | DFND | 1 | 47516 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 7821943 | 35892 | SH |  | DFND | 1 | 35892 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 808084 | 3708 | SH |  | DFND | 2 | 3708 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 2483526 | 11932 | SH |  | DFND | 3 | 11932 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 3377477 | 50365 | SH |  | DFND | 3 | 50365 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 |  | 2715300 | 90000 | SH |  | DFND | 1 | 90000 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 3978000 | 150000 | SH |  | DFND | 1 | 150000 | 0 | 0 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 2562750 | 225000 | SH |  | DFND | 1 | 225000 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 216000 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 1916852 | 99525 | SH |  | DFND | 1 | 99525 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 601427 | 5430 | SH |  | SOLE |  | 5430 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 3706362 | 33463 | SH |  | DFND | 1 | 33463 | 0 | 0 |
| PERELLA WEINBERG PARTNERS | CLASS A COM | 71367G102 |  | 4435285 | 208034 | SH |  | DFND | 1 | 208034 | 0 | 0 |
| PERIMETER ACQUISITION CORP I | *W EXP 05/13/203 | G7010A111 |  | 225000 | 375000 | SH |  | DFND | 1 | 375000 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 8640000 | 675000 | SH |  | DFND | 1 | 675000 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 1781600 | 80000 | SH |  | DFND | 1 | 80000 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 8372440 | 51618 | SH |  | DFND | 1 | 51618 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1623127 | 11933 | SH |  | DFND | 1 | 11933 | 0 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 3433000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| PIEDMONT REALTY TRUST INC | COM CL A | 720190206 |  | 3825000 | 425000 | SH |  | DFND | 1 | 425000 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 1526807 | 16279 | SH |  | DFND | 3 | 16279 | 0 | 0 |
| PIPER SANDLER COMPANIES | COM | 724078100 |  | 2748508 | 7921 | SH |  | DFND | 3 | 7921 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 1001900 | 430000 | SH |  | DFND | 1 | 430000 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 8551782 | 42561 | SH |  | DFND | 3 | 42561 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2020753 | 10057 | SH |  | DFND | 1 | 10057 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 828234 | 4122 | SH |  | DFND | 2 | 4122 | 0 | 0 |
| PONY AI INC | SPONSORED ADS | 732908108 |  | 555885 | 24717 | SH |  | DFND | 1 | 24717 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 5737042 | 45170 | SH |  | DFND | 1 | 45170 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 745603 | 18297 | SH |  | DFND | 1 | 18297 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 779601 | 7417 | SH |  | DFND | 1 | 7417 | 0 | 0 |
| PRA GROUP INC | COM | 69354N106 |  | 583956 | 37821 | SH |  | DFND | 3 | 37821 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 2697004 | 112422 | SH |  | DFND | 2 | 112422 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1959795 | 7936 | SH |  | DFND | 2 | 7936 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 1755400 | 335000 | SH |  | DFND | 1 | 335000 | 0 | 0 |
| PROSHARES TR II | ULTRA VIX SHORT | 74347Y755 |  | 4176000 | 400000 | SH | Call | DFND | 1 | 400000 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 2486520 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| RADIAN GROUP INC | COM | 750236101 |  | 4555136 | 125763 | SH |  | DFND | 1 | 125763 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 |  | 3781246 | 86468 | SH |  | DFND | 1 | 86468 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1579715 | 5038 | SH |  | DFND | 2 | 5038 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 2681885 | 80804 | SH |  | DFND | 1 | 80804 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 1400132 | 8112 | SH |  | DFND | 2 | 8112 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 4040048 | 23407 | SH |  | DFND | 3 | 23407 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 3733165 | 21629 | SH |  | DFND | 1 | 21629 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 1061600 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 713528 | 26885 | SH |  | DFND | 2 | 26885 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 2381316 | 10354 | SH |  | DFND | 1 | 10354 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 1219240 | 8500 | SH |  | DFND | 1 | 8500 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1799264 | 3200 | SH |  | DFND | 1 | 3200 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 1373402 | 52082 | SH |  | DFND | 2 | 52082 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 204234 | 1063 | SH |  | DFND | 2 | 1063 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 4997597 | 19681 | SH |  | DFND | 2 | 19681 | 0 | 0 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 23761500 | 93575 | SH |  | DFND | 1 | 93575 | 0 | 0 |
| REPAY HLDGS CORP | COM CL A | 76029L100 |  | 149018 | 28493 | SH |  | DFND | 3 | 28493 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 1737710 | 13000 | SH |  | DFND | 1 | 13000 | 0 | 0 |
| RH | COM | 74967X103 |  | 379503 | 1868 | SH |  | DFND | 3 | 1868 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 10986176 | 166432 | SH |  | DFND | 1 | 166432 | 0 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 475750 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| RITHM ACQUISITION CORP | *W EXP 99/99/999 | G75751118 |  | 165000 | 250000 | SH |  | DFND | 1 | 250000 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 7913702 | 55271 | SH |  | DFND | 1 | 55271 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 326631 | 16854 | SH |  | DFND | 3 | 16854 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 1730174 | 4950 | SH |  | DFND | 2 | 4950 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 9936818 | 30709 | SH |  | DFND | 1 | 30709 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 2658688 | 13255 | SH |  | DFND | 1 | 13255 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 4031550 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 2357100 | 135000 | SH |  | DFND | 1 | 135000 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 6052161 | 20217 | SH |  | DFND | 3 | 20217 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 11789091 | 49743 | SH |  | DFND | 2 | 49743 | 0 | 0 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 246356 | 19677 | SH |  | DFND | 2 | 19677 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 2973600 | 63000 | SH |  | DFND | 1 | 63000 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 734730 | 3800 | SH |  | DFND | 1 | 3800 | 0 | 0 |
| SCHNEIDER NATIONAL INC | CL B | 80689H102 |  | 1035190 | 48922 | SH |  | DFND | 3 | 48922 | 0 | 0 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 2755760 | 74000 | SH |  | DFND | 1 | 74000 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3851260 | 40340 | SH |  | DFND | 3 | 40340 | 0 | 0 |
| SEADRILL LTD | COM | G7997W102 |  | 1812600 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 4043086 | 114373 | SH |  | DFND | 1 | 114373 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 15482307 | 197554 | SH |  | DFND | 1 | 197554 | 0 | 0 |
| SELECTIVE INS GROUP INC | COM | 816300107 |  | 5081711 | 62683 | SH |  | DFND | 1 | 62683 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 4083605 | 39589 | SH |  | DFND | 1 | 39589 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 442858 | 2980 | SH |  | SOLE |  | 2980 | 0 | 0 |
| SIFY TECHNOLOGIES LTD | SPONSORED ADR | 82655M206 |  | 273200 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| SIGMA LITHIUM CORPORATION | COM | 826599102 |  | 3454881 | 538983 | SH |  | DFND | 1 | 538983 | 0 | 0 |
| SL GREEN RLTY CORP | COM | 78440X887 |  | 4186700 | 70000 | SH |  | DFND | 1 | 70000 | 0 | 0 |
| SLIDE INS HLDGS INC | COM | 831349105 |  | 987967 | 62589 | SH |  | DFND | 1 | 62589 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 3528120 | 127461 | SH |  | DFND | 3 | 127461 | 0 | 0 |
| SM ENERGY CO | COM | 78454L100 |  | 4619275 | 184993 | SH |  | DFND | 1 | 184993 | 0 | 0 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 397471 | 281894 | SH |  | DFND | 3 | 281894 | 0 | 0 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 2408960 | 64000 | SH |  | DFND | 1 | 64000 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 4404600 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| SMITH A O CORP | COM | 831865209 |  | 297457 | 4052 | SH |  | SOLE |  | 4052 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 2964889 | 27301 | SH |  | DFND | 1 | 27301 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 1702800 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 753703 | 2175 | SH |  | SOLE |  | 2175 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 6083309 | 26971 | SH |  | DFND | 2 | 26971 | 0 | 0 |
| SO YOUNG INTERNATIONAL INC | SPONSORED ADS | 83356Q108 |  | 1105287 | 285604 | SH |  | DFND | 1 | 285604 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 859600 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| SOL STRATEGIES INC | COM | 83411A205 |  | 509950 | 117500 | SH |  | DFND | 1 | 117500 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 1203097 | 30100 | SH |  | DFND | 1 | 30100 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 1292700 | 30000 | SH |  | DFND | 1 | 30000 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 3523809 | 29036 | SH |  | DFND | 1 | 29036 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 391647222 | 587900 | SH | Put | DFND | 2 | 587900 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 6892964 | 10347 | SH |  | DFND | 1 | 10347 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 13323600 | 20000 | SH | Put | DFND | 1 | 20000 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 478358 | 7557 | SH |  | DFND | 2 | 7557 | 0 | 0 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 268519 | 4242 | SH |  | DFND | 1 | 4242 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 20361358 | 29171 | SH |  | DFND | 1 | 29171 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 296650 | 425 | SH |  | SOLE |  | 425 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 5385241 | 28832 | SH |  | DFND | 1 | 28832 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 292908 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 370700 | 110000 | SH |  | DFND | 1 | 110000 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 743300 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 10332875 | 122138 | SH |  | DFND | 1 | 122138 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 4091557 | 35269 | SH |  | DFND | 3 | 35269 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 934000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 97566 | 10446 | SH |  | DFND | 2 | 10446 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 |  | 1945310 | 64117 | SH |  | DFND | 3 | 64117 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 2065608 | 18204 | SH |  | DFND | 3 | 18204 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 4212574 | 37125 | SH |  | DFND | 1 | 37125 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 480571 | 1300 | SH |  | DFND | 1 | 1300 | 0 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 842000 | 50000 | SH | Call | DFND | 1 | 50000 | 0 | 0 |
| SUMMIT HOTEL PPTYS INC | COM | 866082100 |  | 1098000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 812327 | 68783 | SH |  | DFND | 3 | 68783 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 1003990 | 123038 | SH |  | DFND | 1 | 123038 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2508600 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| SUNSTONE HOTEL INVS INC NEW | COM | 867892101 |  | 2811000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| SURMODICS INC | COM | 868873100 |  | 2114688 | 70749 | SH |  | DFND | 2 | 70749 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 3709094 | 52204 | SH |  | DFND | 3 | 52204 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 677108 | 13796 | SH |  | DFND | 3 | 13796 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 444636 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| TANGER INC | COM | 875465106 |  | 17427600 | 515000 | SH |  | DFND | 1 | 515000 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1964028 | 17347 | SH |  | DFND | 1 | 17347 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 8941007 | 203714 | SH |  | DFND | 1 | 203714 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 1258935 | 61925 | SH |  | DFND | 2 | 61925 | 0 | 0 |
| TENABLE HLDGS INC | COM | 88025T102 |  | 1514716 | 51945 | SH |  | DFND | 2 | 51945 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 2030400 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 571000 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| TETRA TECHNOLOGIES INC DEL | COM | 88162F105 |  | 287500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 909000 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| THE BALDWIN INSURANCE GRP IN | COM CL A | 05589G102 |  | 3040699 | 107788 | SH |  | DFND | 1 | 107788 | 0 | 0 |
| THIRD COAST BANCSHARES INC | COM | 88422P109 |  | 1889121 | 49753 | SH |  | DFND | 3 | 49753 | 0 | 0 |
| TIMKEN CO | COM | 887389104 |  | 1091990 | 14525 | SH |  | DFND | 2 | 14525 | 0 | 0 |
| TITAN ACQUISITION CORP | *W EXP 05/16/203 | G8901A111 |  | 75300 | 250000 | SH |  | DFND | 1 | 250000 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 6041951 | 25240 | SH |  | DFND | 2 | 25240 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 13165295 | 95304 | SH |  | DFND | 3 | 95304 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 714883 | 1829 | SH |  | DFND | 1 | 1829 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 12240360 | 153109 | SH |  | DFND | 2 | 153109 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 2984500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 5055715 | 88002 | SH |  | DFND | 1 | 88002 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 686400 | 220000 | SH |  | DFND | 1 | 220000 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 4688831 | 55966 | SH |  | DFND | 3 | 55966 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 516752 | 15212 | SH |  | DFND | 3 | 15212 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 394125 | 4827 | SH |  | SOLE |  | 4827 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 |  | 391548 | 97400 | SH | Put | DFND | 1 | 97400 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 |  | 1352284 | 336389 | SH |  | DFND | 1 | 336389 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 4477799 | 79183 | SH |  | DFND | 2 | 79183 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 548632 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 5999981 | 146341 | SH |  | DFND | 2 | 146341 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 12705660 | 341000 | SH |  | DFND | 1 | 341000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 4755292 | 20118 | SH |  | DFND | 1 | 20118 | 0 | 0 |
| UNITED FIRE GROUP INC | COM | 910340108 |  | 1086116 | 35704 | SH |  | DFND | 1 | 35704 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 |  | 248160 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| UNITED STATES ANTIMONY CORP | COM | 911549103 |  | 1860000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 1583775 | 3778 | SH |  | DFND | 1 | 3778 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1208550 | 3500 | SH |  | DFND | 1 | 3500 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 1247084 | 6100 | SH |  | DFND | 1 | 6100 | 0 | 0 |
| UPEXI INC | COM NEW | 39959A205 |  | 1154000 | 200000 | SH | Call | DFND | 1 | 200000 | 0 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 533600 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 3787284 | 78363 | SH |  | DFND | 2 | 78363 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 8408067 | 173972 | SH |  | DFND | 1 | 173972 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 515700 | 30000 | SH |  | DFND | 1 | 30000 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 3320966 | 305798 | SH |  | DFND | 1 | 305798 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 13621651 | 80005 | SH |  | DFND | 1 | 80005 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 3133763 | 295638 | SH |  | DFND | 1 | 295638 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 583921 | 1506 | SH |  | SOLE |  | 1506 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 4571000 | 50000 | SH | Call | DFND | 1 | 50000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 14927874 | 108330 | SH |  | SOLE |  | 108330 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 22074846 | 315400 | SH |  | DFND | 1 | 315400 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 6122292 | 57427 | SH |  | DFND | 1 | 57427 | 0 | 0 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 234566 | 15432 | SH |  | DFND | 3 | 15432 | 0 | 0 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 7128800 | 469000 | SH |  | DFND | 1 | 469000 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 8026690 | 31914 | SH |  | DFND | 1 | 31914 | 0 | 0 |
| VERONA PHARMA PLC | SPONSORED ADS | 925050106 |  | 2477486 | 23217 | SH |  | DFND | 2 | 23217 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 979100 | 2500 | SH |  | DFND | 1 | 2500 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 3168060 | 21000 | SH |  | DFND | 1 | 21000 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 3644254 | 58627 | SH |  | DFND | 1 | 58627 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 3439800 | 90000 | SH |  | DFND | 1 | 90000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15749908 | 46136 | SH |  | DFND | 3 | 46136 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3070372 | 8994 | SH |  | DFND | 2 | 8994 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 8600000 | 250000 | SH |  | DFND | 1 | 250000 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 1959200 | 10000 | SH | Call | DFND | 1 | 10000 | 0 | 0 |
| VITA COCO CO INC | COM | 92846Q107 |  | 386477 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| VITA COCO CO INC | COM | 92846Q107 |  | 7578899 | 178453 | SH |  | DFND | 1 | 178453 | 0 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 10537800 | 260000 | SH |  | DFND | 1 | 260000 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 371906 | 4972 | SH |  | DFND | 2 | 4972 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 14949827 | 199864 | SH |  | DFND | 1 | 199864 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1031757 | 3354 | SH |  | DFND | 2 | 3354 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 25627106 | 248662 | SH |  | DFND | 1 | 248662 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 572704 | 5557 | SH |  | SOLE |  | 5557 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 2283212 | 67035 | SH |  | DFND | 2 | 67035 | 0 | 0 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 1355787 | 21304 | SH |  | DFND | 3 | 21304 | 0 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 1008800 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833118 |  | 8895900 | 130000 | SH |  | DFND | 1 | 130000 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 940341 | 15820 | SH |  | DFND | 1 | 15820 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4901794 | 58480 | SH |  | DFND | 2 | 58480 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 6105868 | 70409 | SH |  | DFND | 1 | 70409 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 5283243 | 60923 | SH |  | DFND | 3 | 60923 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1112956 | 9270 | SH |  | DFND | 1 | 9270 | 0 | 0 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 898597 | 11661 | SH |  | DFND | 1 | 11661 | 0 | 0 |
| WEX INC | COM | 96208T104 |  | 1846882 | 11724 | SH |  | DFND | 3 | 11724 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2392409 | 96507 | SH |  | DFND | 1 | 96507 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 4912597 | 2939 | SH |  | DFND | 1 | 2939 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 1115804 | 3230 | SH |  | DFND | 1 | 3230 | 0 | 0 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 3265527 | 154691 | SH |  | DFND | 3 | 154691 | 0 | 0 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 6385859 | 48217 | SH |  | DFND | 1 | 48217 | 0 | 0 |
| WNS HLDGS LTD | COM SHS | G98196101 |  | 928130 | 12169 | SH |  | DFND | 2 | 12169 | 0 | 0 |
| WOLVERINE WORLD WIDE INC | COM | 978097103 |  | 2209716 | 80529 | SH |  | DFND | 1 | 80529 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 14189700 | 210000 | SH |  | DFND | 1 | 210000 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 3595500 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 2206244 | 17200 | SH | Call | DFND | 1 | 17200 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 2519864 | 19645 | SH |  | DFND | 1 | 19645 | 0 | 0 |
| XENIA HOTELS  RESORTS INC | COM | 984017103 |  | 4802000 | 350000 | SH |  | DFND | 1 | 350000 | 0 | 0 |
| ZEPP HEALTH CORPORATION | SPONSORED ADR | 98945L204 |  | 2070126 | 45219 | SH |  | DFND | 1 | 45219 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 1437984 | 18663 | SH |  | DFND | 1 | 18663 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 230675 | 17024 | SH |  | DFND | 3 | 17024 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 731523 | 12929 | SH |  | DFND | 3 | 12929 | 0 | 0 |
| ZIONS BANCORPORATION N A | COM | 989701107 |  | 1044523 | 18461 | SH |  | DFND | 1 | 18461 | 0 | 0 |

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