# EDGAR Filing Document

**Accession Number:** 0001600435
**File Stem:** 0001376474-26-000128
**Filing Date:** 2026-2
**Character Count:** 23649
**Document Hash:** 92d7658e45aa64831de5ba55ef3d5d34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376474-26-000128.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001376474-26-000128

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wakefield Asset Management LLLP
- **CENTRAL INDEX KEY:** 0001600435

**ORGANIZATION NAME:**
- **EIN:** 208251802
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18951
- **FILM NUMBER:** 26601458

**BUSINESS ADDRESS:**
- **STREET 1:** 7887 E BELLEVIEW AVE
- **STREET 2:** SUITE 800
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-771-0630

**MAIL ADDRESS:**
- **STREET 1:** 7887 E BELLEVIEW AVE
- **STREET 2:** SUITE 800
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80111

### 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:** Wakefield Asset Management LLLP<br>**Address:** 7887 E Belleview Ave<br>Suite 800<br>Englewood, CO 80111

**Form 13F File Number:** 028-18951

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:** Greg Brittain<br>**Title:** Chief Compliance Officer<br>**Phone:** 303-771-0630

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

/s/ Greg Brittain  Englewood, CO  02-04-2026<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:** 3

**Form 13F Information Table Entry Total:** 201

**Form 13F Information Table Value Total:** $368643750

      (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   |
|:---|:---|:---|
|  | Wakefield Asset Management Corp  | 028-19415              |
|  | Wakefield Wealth Management LLLP | 028-19414              |
|  | Gervasini Geoffrey Todd          | 028-19416              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 1814211 | 7940 | SH |  | DFND |  | 7940 | 0 | 0 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 846020 | 4538 | SH |  | DFND |  | 4538 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 322229 | 1201 | SH |  | DFND |  | 1201 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 361540 | 1033 | SH |  | DFND |  | 1033 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 4634248 | 32236 | SH |  | DFND |  | 32236 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 4113214 | 286835 | SH |  | DFND |  | 286835 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2144999 | 28819 | SH |  | DFND |  | 28819 | 0 | 0 |
| ALEXANDER  BALDWIN INC NEW | COM | 014491104 |  | 1214296 | 58782 | SH |  | DFND |  | 58782 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2071462 | 9949 | SH |  | DFND |  | 9949 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4908466 | 15682 | SH |  | DFND |  | 15682 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1047779 | 3339 | SH |  | DFND |  | 3339 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 1276405 | 27146 | SH |  | DFND |  | 27146 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2154474 | 9334 | SH |  | DFND |  | 9334 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 3926643 | 105131 | SH |  | DFND |  | 105131 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 662803 | 2025 | SH |  | DFND |  | 2025 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 4539805 | 33589 | SH |  | DFND |  | 33589 | 0 | 0 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 1100266 | 13938 | SH |  | DFND |  | 13938 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 3662414 | 163438 | SH |  | DFND |  | 163438 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1095833 | 42115 | SH |  | DFND |  | 42115 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 345134 | 2634 | SH |  | DFND |  | 2634 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 1348784 | 7058 | SH |  | DFND |  | 7058 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 427944 | 400 | SH |  | DFND |  | 400 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 228618 | 1410 | SH |  | DFND |  | 1410 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1608075 | 9593 | SH |  | DFND |  | 9593 | 0 | 0 |
| AURINIA PHARMACEUTICALS INC | COM | 05156V102 |  | 1242426 | 77895 | SH |  | DFND |  | 77895 | 0 | 0 |
| AXCELIS TECHNOLOGIES INC | COM NEW | 054540208 |  | 1456806 | 18133 | SH |  | DFND |  | 18133 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 1468167 | 17040 | SH |  | DFND |  | 17040 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 1425494 | 13300 | SH |  | DFND |  | 13300 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 444650 | 6643 | SH |  | DFND |  | 6643 | 0 | 0 |
| BJS RESTAURANTS INC | COM | 09180C106 |  | 1129126 | 28658 | SH |  | DFND |  | 28658 | 0 | 0 |
| BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 |  | 1833374 | 182789 | SH |  | DFND |  | 182789 | 0 | 0 |
| BLACKROCK MUNI INCOME TR II | COM | 09249N101 |  | 1817187 | 174060 | SH |  | DFND |  | 174060 | 0 | 0 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 |  | 997067 | 88236 | SH |  | DFND |  | 88236 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 347560 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 1226678 | 16570 | SH |  | DFND |  | 16570 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 1078266 | 7513 | SH |  | DFND |  | 7513 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 458237 | 1324 | SH |  | DFND |  | 1324 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 4044989 | 16690 | SH |  | DFND |  | 16690 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 617939 | 3007 | SH |  | DFND |  | 3007 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 1661096 | 5276 | SH |  | DFND |  | 5276 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 2358248 | 5588 | SH |  | DFND |  | 5588 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 1202851 | 51536 | SH |  | DFND |  | 51536 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 315079 | 550 | SH |  | DFND |  | 550 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 3276303 | 13053 | SH |  | DFND |  | 13053 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 4104068 | 89726 | SH |  | DFND |  | 89726 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 2227462 | 6595 | SH |  | DFND |  | 6595 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 339987 | 4396 | SH |  | DFND |  | 4396 | 0 | 0 |
| CIMPRESS PLC | SHS EURO | G2143T103 |  | 1065907 | 16007 | SH |  | DFND |  | 16007 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 432062 | 5609 | SH |  | DFND |  | 5609 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 451675 | 1654 | SH |  | DFND |  | 1654 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 1463814 | 39810 | SH |  | DFND |  | 39810 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 4180880 | 22652 | SH |  | DFND |  | 22652 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 364419 | 12192 | SH |  | DFND |  | 12192 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 340179 | 3634 | SH |  | DFND |  | 3634 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 511526 | 5842 | SH |  | DFND |  | 5842 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1700193 | 3627 | SH |  | DFND |  | 3627 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 4253588 | 41309 | SH |  | DFND |  | 41309 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 1254445 | 16354 | SH |  | DFND |  | 16354 | 0 | 0 |
| CURBLINE PPTYS CORP | COM | 23128Q101 |  | 1022543 | 44038 | SH |  | DFND |  | 44038 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 1221178 | 16701 | SH |  | DFND |  | 16701 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 679950 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 450273 | 3577 | SH |  | DFND |  | 3577 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 1344253 | 2208 | SH |  | DFND |  | 2208 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY MSFT BR 1X | 25461A403 |  | 986102 | 85640 | SH |  | DFND |  | 85640 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY NFLX BEAR | 25461A205 |  | 989554 | 57299 | SH |  | DFND |  | 57299 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 586377 | 1841 | SH |  | DFND |  | 1841 | 0 | 0 |
| EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 |  | 1014803 | 60012 | SH |  | DFND |  | 60012 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1402200 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| ENCORE CAP GROUP INC | COM | 292554102 |  | 1233528 | 22696 | SH |  | DFND |  | 22696 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 267493 | 2894 | SH |  | DFND |  | 2894 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 1076112 | 39856 | SH |  | DFND |  | 39856 | 0 | 0 |
| EVERTEC INC | COM | 30040P103 |  | 1133405 | 38962 | SH |  | DFND |  | 38962 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 484678 | 11119 | SH |  | DFND |  | 11119 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 5065583 | 17880 | SH |  | DFND |  | 17880 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 353340 | 209 | SH |  | DFND |  | 209 | 0 | 0 |
| FIVE9 INC | COM | 338307101 |  | 652668 | 32552 | SH |  | DFND |  | 32552 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 484967 | 18944 | SH |  | DFND |  | 18944 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 3801136 | 30969 | SH |  | DFND |  | 30969 | 0 | 0 |
| GLOBAL X FDS | GLB X MLP ENRG I | 37954Y293 |  | 656491 | 10845 | SH |  | DFND |  | 10845 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 604275 | 14109 | SH |  | DFND |  | 14109 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 4073022 | 49671 | SH |  | DFND |  | 49671 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 1441126 | 7518 | SH |  | DFND |  | 7518 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 395625 | 2174 | SH |  | DFND |  | 2174 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 278199 | 1426 | SH |  | DFND |  | 1426 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 493701 | 28454 | SH |  | DFND |  | 28454 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 1149506 | 6648 | SH |  | DFND |  | 6648 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 274292 | 965 | SH |  | DFND |  | 965 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL ENR | 46137V365 |  | 416867 | 5238 | SH |  | DFND |  | 5238 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL HLT | 46137V332 |  | 662926 | 20814 | SH |  | DFND |  | 20814 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 4535758 | 23678 | SH |  | DFND |  | 23678 | 0 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 1828866 | 191104 | SH |  | DFND |  | 191104 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 2513681 | 50628 | SH |  | DFND |  | 50628 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 10791877 | 160546 | SH |  | DFND |  | 160546 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 4238467 | 78592 | SH |  | DFND |  | 78592 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 815579 | 8389 | SH |  | DFND |  | 8389 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 609898 | 16310 | SH |  | DFND |  | 16310 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4231839 | 47304 | SH |  | DFND |  | 47304 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 15623901 | 137148 | SH |  | DFND |  | 137148 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 16578189 | 232155 | SH |  | DFND |  | 232155 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1044644 | 9753 | SH |  | DFND |  | 9753 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1813461 | 7367 | SH |  | DFND |  | 7367 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 885049 | 9531 | SH |  | DFND |  | 9531 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 6410245 | 19894 | SH |  | DFND |  | 19894 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 235276 | 2332 | SH |  | DFND |  | 2332 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4688047 | 27383 | SH |  | DFND |  | 27383 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 2829574 | 15685 | SH |  | DFND |  | 15685 | 0 | 0 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 1129967 | 13933 | SH |  | DFND |  | 13933 | 0 | 0 |
| LENDINGCLUB CORP | COM NEW | 52603A208 |  | 1419724 | 74959 | SH |  | DFND |  | 74959 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 486718 | 2031 | SH |  | DFND |  | 2031 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 405199 | 2338 | SH |  | DFND |  | 2338 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 3875148 | 23828 | SH |  | DFND |  | 23828 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 287903 | 928 | SH |  | DFND |  | 928 | 0 | 0 |
| MERCANTILE BK CORP | COM | 587376104 |  | 1078306 | 22418 | SH |  | DFND |  | 22418 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 876922 | 8331 | SH |  | DFND |  | 8331 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 5290622 | 8015 | SH |  | DFND |  | 8015 | 0 | 0 |
| MONARCH CASINO  RESORT INC | COM | 609027107 |  | 1144381 | 11958 | SH |  | DFND |  | 11958 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 4007925 | 52275 | SH |  | DFND |  | 52275 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2435002 | 13716 | SH |  | DFND |  | 13716 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 965497 | 40533 | SH |  | DFND |  | 40533 | 0 | 0 |
| MYR GROUP INC DEL | COM | 55405W104 |  | 1490826 | 6823 | SH |  | DFND |  | 6823 | 0 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 1153767 | 44685 | SH |  | DFND |  | 44685 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1537664 | 16400 | SH |  | DFND |  | 16400 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 5137283 | 51450 | SH |  | DFND |  | 51450 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 1917113 | 164842 | SH |  | DFND |  | 164842 | 0 | 0 |
| NUVEEN MUN CR OPPORTUNITIES | COM | 670663103 |  | 918511 | 89786 | SH |  | DFND |  | 89786 | 0 | 0 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 931122 | 91376 | SH |  | DFND |  | 91376 | 0 | 0 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 1896159 | 150728 | SH |  | DFND |  | 150728 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 1921049 | 159821 | SH |  | DFND |  | 159821 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6590351 | 35337 | SH |  | DFND |  | 35337 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 332753 | 1533 | SH |  | DFND |  | 1533 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 358800 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 477258 | 5910 | SH |  | DFND |  | 5910 | 0 | 0 |
| OSI SYSTEMS INC | COM | 671044105 |  | 1274790 | 4998 | SH |  | DFND |  | 4998 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 889639 | 5005 | SH |  | DFND |  | 5005 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 267827 | 1454 | SH |  | DFND |  | 1454 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 968424 | 27559 | SH |  | DFND |  | 27559 | 0 | 0 |
| PAYMENTUS HOLDINGS INC | COM CL A | 70439P108 |  | 929441 | 29422 | SH |  | DFND |  | 29422 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1207182 | 20678 | SH |  | DFND |  | 20678 | 0 | 0 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1137842 | 53195 | SH |  | DFND |  | 53195 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 901019 | 6278 | SH |  | DFND |  | 6278 | 0 | 0 |
| PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 |  | 1119456 | 29964 | SH |  | DFND |  | 29964 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 331375 | 2568 | SH |  | DFND |  | 2568 | 0 | 0 |
| PIMCO MUN INCOME FD II | COM | 72200W106 |  | 1618442 | 214566 | SH |  | DFND |  | 214566 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 675646 | 2967 | SH |  | DFND |  | 2967 | 0 | 0 |
| PROSHARES TR | SHORT QQQ | 74349Y837 |  | 3323631 | 110054 | SH |  | DFND |  | 110054 | 0 | 0 |
| PROSHARES TR | SHT FTSE CHIN 50 | 74350P626 |  | 989062 | 48531 | SH |  | DFND |  | 48531 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 3971745 | 8857 | SH |  | DFND |  | 8857 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 3271497 | 13582 | SH |  | DFND |  | 13582 | 0 | 0 |
| REVOLVE GROUP INC | CL A | 76156B107 |  | 1322655 | 43811 | SH |  | DFND |  | 43811 | 0 | 0 |
| RIGEL PHARMACEUTICALS INC | COM | 766559702 |  | 1098633 | 25651 | SH |  | DFND |  | 25651 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 459357 | 879 | SH |  | DFND |  | 879 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 417234 | 1575 | SH |  | DFND |  | 1575 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 5081458 | 155159 | SH |  | DFND |  | 155159 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 4826557 | 206528 | SH |  | DFND |  | 206528 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 734899 | 35179 | SH |  | DFND |  | 35179 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 976058 | 8174 | SH |  | DFND |  | 8174 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 982739 | 17943 | SH |  | DFND |  | 17943 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 2128408 | 106447 | SH |  | DFND |  | 106447 | 0 | 0 |
| SKYWARD SPECIALTY INS GROUP | COM | 830940102 |  | 1059051 | 20721 | SH |  | DFND |  | 20721 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 1069267 | 10649 | SH |  | DFND |  | 10649 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 453382 | 7150 | SH |  | DFND |  | 7150 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 488643 | 1418 | SH |  | DFND |  | 1418 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 823039 | 3752 | SH |  | DFND |  | 3752 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R739 |  | 622431 | 12970 | SH |  | DFND |  | 12970 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 2483732 | 75219 | SH |  | DFND |  | 75219 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL PLATINU | 85207Q104 |  | 1085776 | 64476 | SH |  | DFND |  | 64476 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 |  | 2227476 | 94185 | SH |  | DFND |  | 94185 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 3304002 | 82087 | SH |  | DFND |  | 82087 | 0 | 0 |
| STANDARD MTR PRODS INC | COM | 853666105 |  | 1372995 | 37259 | SH |  | DFND |  | 37259 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 5170609 | 116037 | SH |  | DFND |  | 116037 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 4146889 | 20868 | SH |  | DFND |  | 20868 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 268390 | 1547 | SH |  | DFND |  | 1547 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4319731 | 11099 | SH |  | DFND |  | 11099 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 1070642 | 8801 | SH |  | DFND |  | 8801 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 4093617 | 14113 | SH |  | DFND |  | 14113 | 0 | 0 |
| TRIMAS CORP | COM NEW | 896215209 |  | 1069952 | 30182 | SH |  | DFND |  | 30182 | 0 | 0 |
| TRUSTMARK CORP | COM | 898402102 |  | 1359550 | 34905 | SH |  | DFND |  | 34905 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 1261389 | 18281 | SH |  | DFND |  | 18281 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 451257 | 7698 | SH |  | DFND |  | 7698 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 392862 | 4808 | SH |  | DFND |  | 4808 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 1616284 | 98614 | SH |  | DFND |  | 98614 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 485219 | 802 | SH |  | DFND |  | 802 | 0 | 0 |
| UNITED STS NAT GAS FD LP | UNIT PAR | 912318409 |  | 586127 | 47808 | SH |  | DFND |  | 47808 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 2974075 | 34675 | SH |  | DFND |  | 34675 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2679364 | 4272 | SH |  | DFND |  | 4272 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 888255 | 6297 | SH |  | DFND |  | 6297 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1597914 | 26663 | SH |  | DFND |  | 26663 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 2052048 | 20619 | SH |  | DFND |  | 20619 | 0 | 0 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 675584 | 2347 | SH |  | DFND |  | 2347 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 |  | 1097379 | 26066 | SH |  | DFND |  | 26066 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 578488 | 1276 | SH |  | DFND |  | 1276 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 4021251 | 24821 | SH |  | DFND |  | 24821 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 1657021 | 10271 | SH |  | DFND |  | 10271 | 0 | 0 |
| VITAL FARMS INC | COM | 92847W103 |  | 791697 | 24787 | SH |  | DFND |  | 24787 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 669028 | 23214 | SH |  | DFND |  | 23214 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 515439 | 2777 | SH |  | DFND |  | 2777 | 0 | 0 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 |  | 2616298 | 316360 | SH |  | DFND |  | 316360 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 905627 | 105428 | SH |  | DFND |  | 105428 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 302312 | 920 | SH |  | DFND |  | 920 | 0 | 0 |
| WISDOMTREE INC | COM | 97717P104 |  | 1298491 | 106521 | SH |  | DFND |  | 106521 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 1752247 | 5796 | SH |  | DFND |  | 5796 | 0 | 0 |

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