# EDGAR Filing Document

**Accession Number:** 0001802539
**File Stem:** 0001193125-26-048106
**Filing Date:** 2026-2
**Character Count:** 45268
**Document Hash:** 6801f26234bd6dd19e4d251e0902dcf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-048106.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001193125-26-048106

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** M&G Plc
- **CENTRAL INDEX KEY:** 0001802539

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24119
- **FILM NUMBER:** 26624644

**BUSINESS ADDRESS:**
- **STREET 1:** 10 FENCHURCH AVENUE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3M 5AG
- **BUSINESS PHONE:** 00442039773536

**MAIL ADDRESS:**
- **STREET 1:** 10 FENCHURCH AVENUE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC3M 5AG

### 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:** M PLC<br>**Address:** 10 Fenchurch Avenue<br>London, X0 EC3M 5AG

**Form 13F File Number:** 028-24119

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:** Tamara Postoj<br>**Title:** Regulatory Reporting Technical Manager<br>**Phone:** 0044 203 977 3812

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

Tamara Postoj  London, X0  02-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **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).)

[x] **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:** 2

**Form 13F Information Table Entry Total:** 415

**Form 13F Information Table Value Total:** $19466970147

      (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   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | ABN AMRO INVESTMENT SOLUTIONS | 028-25693              |  |  |

### 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 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 171274665 | 29094000 | PRN |  | DFND | 1 | 29094000 | 0 | 0 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 49728430 | 25512000 | PRN |  | DFND | 1 | 25512000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1164858772 | 2406733 | SH |  | DFND | 1 | 2390781 | 0 | 15952 |
| AMCOR PLC | ORD | G0250X107 |  | 919916760 | 114989595 | SH |  | DFND | 1 | 114067040 | 0 | 922555 |
| META PLATFORMS INC | CL A | 30303M102 |  | 571525680 | 865948 | SH |  | DFND | 1 | 859098 | 0 | 6850 |
| METHANEX CORP | COM | 59151K108 |  | 510277240 | 12756931 | SH |  | DFND | 1 | 12608287 | 0 | 148644 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 468012937 | 1495249 | SH |  | DFND | 1 | 1487829 | 0 | 7420 |
| V F CORP | COM | 918204108 |  | 459912618 | 25550701 | SH |  | DFND | 1 | 25254447 | 0 | 296254 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 385315974 | 7135481 | SH |  | DFND | 1 | 7045723 | 0 | 89758 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 382307760 | 4778847 | SH |  | DFND | 1 | 4712089 | 0 | 66758 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 322233561 | 3464877 | SH |  | DFND | 1 | 3432083 | 0 | 32794 |
| QUALCOMM INC | COM | 747525103 |  | 309492045 | 1809895 | SH |  | DFND | 1 | 1796983 | 0 | 12912 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 286029150 | 866755 | SH |  | DFND | 1 | 531454 | 0 | 335301 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 286016160 | 2383468 | SH |  | DFND | 1 | 1089424 | 0 | 1294044 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 282326227 | 6006941 | SH |  | DFND | 1 | 6006941 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 277913052 | 1036989 | SH |  | DFND | 1 | 1025575 | 0 | 11414 |
| APPLE INC | COM | 037833100 |  | 276246736 | 1015613 | SH |  | DFND | 1 | 1015613 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 271555830 | 994710 | SH |  | DFND | 1 | 984511 | 0 | 10199 |
| BROADCOM INC | COM | 11135F101 |  | 266890560 | 771360 | SH |  | DFND | 1 | 765391 | 0 | 5969 |
| SYNOPSYS INC | COM | 871607107 |  | 263137020 | 559866 | SH |  | DFND | 1 | 253990 | 0 | 305876 |
| VISA INC | COM CL A | 92826C839 |  | 253309680 | 721680 | SH |  | DFND | 1 | 714991 | 0 | 6689 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 251755844 | 6804212 | SH |  | DFND | 1 | 2154218 | 0 | 4649994 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 251312105 | 1343915 | SH |  | DFND | 1 | 1343915 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 251109336 | 1184478 | SH |  | DFND | 1 | 490820 | 0 | 693658 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 243243936 | 2533791 | SH |  | DFND | 1 | 2502484 | 0 | 31307 |
| EQUINIX INC | COM | 29444U700 |  | 239367340 | 312490 | SH |  | DFND | 1 | 308335 | 0 | 4155 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 239075469 | 412911 | SH |  | DFND | 1 | 148114 | 0 | 264797 |
| LOWES COS INC | COM | 548661107 |  | 221420919 | 918759 | SH |  | DFND | 1 | 909270 | 0 | 9489 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 220771980 | 628980 | SH |  | DFND | 1 | 625554 | 0 | 3426 |
| TOTALENERGIES SE | ACT | F92124100 |  | 217438989 | 3309468 | SH |  | DFND | 1 | 3309468 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 213660864 | 2455872 | SH |  | DFND | 1 | 1177408 | 0 | 1278464 |
| FRANCO NEV CORP | COM | 351858105 |  | 212994400 | 1025755 | SH |  | DFND | 1 | 1025755 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 209618393 | 4500778 | SH |  | DFND | 1 | 4500778 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 197496144 | 1219112 | SH |  | DFND | 1 | 1208546 | 0 | 10566 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 190227069 | 1112439 | SH |  | DFND | 1 | 1102108 | 0 | 10331 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 189223056 | 1075131 | SH |  | DFND | 1 | 1057981 | 0 | 17150 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 177966094 | 917351 | SH |  | DFND | 1 | 425313 | 0 | 492038 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 164439048 | 945052 | SH |  | DFND | 1 | 224717 | 0 | 720335 |
| AMGEN INC | COM | 031162100 |  | 147349797 | 450611 | SH |  | DFND | 1 | 450611 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 138742600 | 374980 | SH |  | DFND | 1 | 374980 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 138467988 | 2564222 | SH |  | DFND | 1 | 599551 | 0 | 1964671 |
| KENVUE INC | COM | 49177J102 |  | 138298927 | 8135231 | SH |  | DFND | 1 | 8037387 | 0 | 97844 |
| ENBRIDGE INC | COM | 29250N105 |  | 131611123 | 2736957 | SH |  | DFND | 1 | 2736957 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 130552452 | 3626457 | SH |  | DFND | 1 | 3626457 | 0 | 0 |
| MAGNUM ICE CREAM CO NV | ORD SHS | N5505D105 |  | 129184164 | 7878979 | SH |  | DFND | 1 | 7835524 | 0 | 43455 |
| AMAZON COM INC | COM | 023135106 |  | 128127846 | 554666 | SH |  | DFND | 1 | 546694 | 0 | 7972 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 125141640 | 645060 | SH |  | DFND | 1 | 635765 | 0 | 9295 |
| BALL CORP | COM | 058498106 |  | 123321036 | 2326812 | SH |  | DFND | 1 | 1336316 | 0 | 990496 |
| MSA SAFETY INC | COM | 553498106 |  | 116596320 | 728727 | SH |  | DFND | 1 | 188676 | 0 | 540051 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 116224766 | 203546 | SH |  | DFND | 1 | 203546 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 116118729 | 3051194 | SH |  | DFND | 1 | 978820 | 0 | 2072374 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 111642400 | 820900 | SH |  | DFND | 1 | 190916 | 0 | 629984 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 109604781 | 2810379 | SH |  | DFND | 1 | 2810379 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 104482080 | 394272 | SH |  | DFND | 1 | 394272 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 103682848 | 341062 | SH |  | DFND | 1 | 323701 | 0 | 17361 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 94715012 | 294146 | SH |  | DFND | 1 | 294146 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 92494307 | 217136 | SH |  | DFND | 1 | 198378 | 0 | 18758 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 86456700 | 314388 | SH |  | DFND | 1 | 314388 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 81789924 | 2405586 | SH |  | DFND | 1 | 568786 | 0 | 1836800 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 80652398 | 1753313 | SH |  | DFND | 1 | 1712623 | 0 | 40690 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 79555994 | 207718 | SH |  | DFND | 1 | 207718 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 78574586 | 599806 | SH |  | DFND | 1 | 582285 | 0 | 17521 |
| AUTODESK INC | COM | 052769106 |  | 78313904 | 264574 | SH |  | DFND | 1 | 98288 | 0 | 166286 |
| ONEOK INC NEW | COM | 682680103 |  | 75646722 | 1022253 | SH |  | DFND | 1 | 1022253 | 0 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 75242662 | 3420121 | SH |  | DFND | 1 | 3420121 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 71912547 | 354249 | SH |  | DFND | 1 | 354249 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 69612576 | 1582104 | SH |  | DFND | 1 | 1532415 | 0 | 49689 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 67597381 | 669281 | SH |  | DFND | 1 | 167281 | 0 | 502000 |
| SEMPRA | COM | 816851109 |  | 67163096 | 763217 | SH |  | DFND | 1 | 748169 | 0 | 15048 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 66221268 | 570873 | SH |  | DFND | 1 | 570873 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 65770080 | 2740420 | SH |  | DFND | 1 | 2681646 | 0 | 58774 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 62210456 | 257068 | SH |  | DFND | 1 | 257068 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 61656694 | 93137 | SH |  | DFND | 1 | 93137 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 59089712 | 881936 | SH |  | DFND | 1 | 847955 | 0 | 33981 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 58639624 | 29116 | SH |  | DFND | 1 | 7307 | 0 | 21809 |
| CAMECO CORP | COM | 13321L108 |  | 58619034 | 638539 | SH |  | DFND | 1 | 638539 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 58430985 | 205021 | SH |  | DFND | 1 | 205021 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 57671460 | 252945 | SH |  | DFND | 1 | 252945 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 57605600 | 276950 | SH |  | DFND | 1 | 276950 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 56918840 | 1034888 | SH |  | DFND | 1 | 1034888 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 56064725 | 427975 | SH |  | DFND | 1 | 104164 | 0 | 323811 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 56063600 | 3345588 | SH |  | DFND | 1 | 3345588 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 53629397 | 1141051 | SH |  | DFND | 1 | 1141051 | 0 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 51530700 | 39639000 | PRN |  | DFND | 1 | 39639000 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 50888561 | 638181 | SH |  | DFND | 1 | 638181 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 48776175 | 174825 | SH |  | DFND | 1 | 174825 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 48459558 | 4365673 | SH |  | DFND | 1 | 4365673 | 0 | 0 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 44700840 | 620845 | SH |  | DFND | 1 | 137946 | 0 | 482899 |
| ORACLE CORP | COM | 68389X105 |  | 42323775 | 217045 | SH |  | DFND | 1 | 217045 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 40759950 | 116457 | SH |  | DFND | 1 | 116457 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 |  | 40379360 | 36053000 | PRN |  | DFND | 1 | 36053000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 0.250% 3/0 | 40637HAD1 |  | 39786120 | 36839000 | PRN |  | DFND | 1 | 36839000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 39621348 | 338644 | SH |  | DFND | 1 | 338644 | 0 | 0 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 |  | 39456464 | 129791 | SH |  | DFND | 1 | 129791 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 38983035 | 371267 | SH |  | DFND | 1 | 371267 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 38426587 | 222119 | SH |  | DFND | 1 | 222119 | 0 | 0 |
| BOX INC | NOTE 1.500% 9/1 | 10316TAD6 |  | 36331350 | 37455000 | PRN |  | DFND | 1 | 37455000 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 35307076 | 312452 | SH |  | DFND | 1 | 312452 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 35216125 | 281729 | SH |  | DFND | 1 | 281729 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 35105640 | 585094 | SH |  | DFND | 1 | 562563 | 0 | 22531 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 35052769 | 661373 | SH |  | DFND | 1 | 661373 | 0 | 0 |
| ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 |  | 34856000 | 34856000 | PRN |  | DFND | 1 | 34856000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 34666002 | 275127 | SH |  | DFND | 1 | 275127 | 0 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 34466991 | 883769 | SH |  | DFND | 1 | 828209 | 0 | 55560 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 34412040 | 30186000 | PRN |  | DFND | 1 | 30186000 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 34382736 | 716307 | SH |  | DFND | 1 | 716307 | 0 | 0 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 |  | 34358580 | 10287000 | PRN |  | DFND | 1 | 10287000 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 34333152 | 204364 | SH |  | DFND | 1 | 204364 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 34016423 | 382207 | SH |  | DFND | 1 | 367495 | 0 | 14712 |
| MORNINGSTAR INC | COM | 617700109 |  | 33905599 | 156247 | SH |  | DFND | 1 | 156247 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 33610815 | 228645 | SH |  | DFND | 1 | 228645 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 33585090 | 436170 | SH |  | DFND | 1 | 436170 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 33567260 | 520190 | SH |  | DFND | 1 | 520190 | 0 | 0 |
| H WORLD GROUP LTD | NOTE 3.000% 5/0 | 44332NAB2 |  | 33503870 | 26381000 | PRN |  | DFND | 1 | 26381000 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 28818990 | 177895 | SH |  | DFND | 1 | 177895 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 28648880 | 17576000 | PRN |  | DFND | 1 | 17576000 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 28206542 | 2014753 | SH |  | DFND | 1 | 2014753 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 27944136 | 122562 | SH |  | DFND | 1 | 122562 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 27822600 | 33930 | SH |  | DFND | 1 | 33930 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 27787365 | 1852491 | SH |  | DFND | 1 | 1852491 | 0 | 0 |
| DIVERSIFIED ENERGY CO | COMMON STOCK | 25520W107 |  | 26950096 | 1915325 | SH |  | DFND | 1 | 1915325 | 0 | 0 |
| ENPHASE ENERGY INC | NOTE3/0 | 29355AAH0 |  | 26133030 | 26397000 | PRN |  | DFND | 1 | 26397000 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 24837510 | 133535 | SH |  | DFND | 1 | 133535 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 24827915 | 122305 | SH |  | DFND | 1 | 122305 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 3.125% 9/1 | 472145AH4 |  | 23882810 | 17957000 | PRN |  | DFND | 1 | 17957000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 22847660 | 557260 | SH |  | DFND | 1 | 557260 | 0 | 0 |
| AIRBNB INC | NOTE3/1 | 009066AB7 |  | 22084300 | 22535000 | PRN |  | DFND | 1 | 22535000 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 21896784 | 105273 | SH |  | DFND | 1 | 105273 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 21626400 | 135165 | SH |  | DFND | 1 | 135165 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 21511210 | 346955 | SH |  | DFND | 1 | 346955 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 21272704 | 139952 | SH |  | DFND | 1 | 139952 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 21265386 | 154097 | SH |  | DFND | 1 | 154097 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 20713692 | 505212 | SH |  | DFND | 1 | 505212 | 0 | 0 |
| BILL HOLDINGS INC | NOTE4/0 | 090043AF7 |  | 19859120 | 21586000 | PRN |  | DFND | 1 | 21586000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.500% 3/1 | 10806XAB8 |  | 19544480 | 10396000 | PRN |  | DFND | 1 | 10396000 | 0 | 0 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 18860307 | 202799 | SH |  | DFND | 1 | 202799 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 17719030 | 253129 | SH |  | DFND | 1 | 249726 | 0 | 3403 |
| TUTOR PERINI CORP | COM | 901109108 |  | 17386098 | 259494 | SH |  | DFND | 1 | 259494 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 17295516 | 137266 | SH |  | DFND | 1 | 137266 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 17033801 | 460373 | SH |  | DFND | 1 | 460373 | 0 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 16530024 | 90328 | SH |  | DFND | 1 | 90328 | 0 | 0 |
| AEROVIRONMENT INC | NOTE7/1 | 008073AA6 |  | 16391160 | 15177000 | PRN |  | DFND | 1 | 15177000 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 16308096 | 127407 | SH |  | DFND | 1 | 127407 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 16300629 | 78747 | SH |  | DFND | 1 | 78747 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 16225100 | 811255 | SH |  | DFND | 1 | 811255 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 |  | 15958540 | 613790 | SH |  | DFND | 1 | 613790 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 15925176 | 221183 | SH |  | DFND | 1 | 221183 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 15878486 | 273767 | SH |  | DFND | 1 | 273767 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 15840090 | 103530 | SH |  | DFND | 1 | 103530 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 15579278 | 331474 | SH |  | DFND | 1 | 331474 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 15292313 | 43321 | SH |  | DFND | 1 | 43321 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 14892426 | 84138 | SH |  | DFND | 1 | 84138 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 14708960 | 525320 | SH |  | DFND | 1 | 525320 | 0 | 0 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 14666918 | 137074 | SH |  | DFND | 1 | 137074 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 14504931 | 66843 | SH |  | DFND | 1 | 66843 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 14495373 | 49003 | SH |  | DFND | 1 | 49003 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 14429500 | 577180 | SH |  | DFND | 1 | 577180 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 14331903 | 71303 | SH |  | DFND | 1 | 71303 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 |  | 14207040 | 14799000 | PRN |  | DFND | 1 | 14799000 | 0 | 0 |
| FERMI INC | COM | 314911108 |  | 14126760 | 1765845 | SH |  | DFND | 1 | 1765845 | 0 | 0 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 14054586 | 669266 | SH |  | DFND | 1 | 669266 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 14009204 | 483076 | SH |  | DFND | 1 | 483076 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 14006395 | 215483 | SH |  | DFND | 1 | 215483 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 |  | 13964220 | 1163685 | SH |  | DFND | 1 | 1163685 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 13892560 | 157870 | SH |  | DFND | 1 | 157870 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 13851180 | 989370 | SH |  | DFND | 1 | 989370 | 0 | 0 |
| FREIGHTOS LTD | ORD SHS | G51405101 |  | 13742188 | 6871094 | SH |  | DFND | 1 | 6871094 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 13741750 | 65750 | SH |  | DFND | 1 | 65750 | 0 | 0 |
| BOFA FIN LLC | MTNF 0.600% 5/2 | 09709UV70 |  | 13629600 | 12620000 | PRN |  | DFND | 1 | 12620000 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 |  | 13625990 | 184135 | SH |  | DFND | 1 | 184135 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 13577188 | 47807 | SH |  | DFND | 1 | 47807 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 13534464 | 52869 | SH |  | DFND | 1 | 52869 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 13501014 | 39826 | SH |  | DFND | 1 | 39826 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 13425860 | 46780 | SH |  | DFND | 1 | 46780 | 0 | 0 |
| VITA COCO CO INC | COM | 92846Q107 |  | 13409636 | 253012 | SH |  | DFND | 1 | 253012 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 13355440 | 166943 | SH |  | DFND | 1 | 166943 | 0 | 0 |
| QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 |  | 13331160 | 701640 | SH |  | DFND | 1 | 701640 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 13329966 | 80301 | SH |  | DFND | 1 | 80301 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 13316400 | 443880 | SH |  | DFND | 1 | 443880 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 13285888 | 301952 | SH |  | DFND | 1 | 301952 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 13267800 | 113400 | SH |  | DFND | 1 | 113400 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 13224437 | 224143 | SH |  | DFND | 1 | 224143 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 13218000 | 105744 | SH |  | DFND | 1 | 105744 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13162930 | 70390 | SH |  | DFND | 2 | 70390 | 0 | 0 |
| DYCOM INDS INC | COM | 267475101 |  | 13153946 | 38917 | SH |  | DFND | 1 | 38917 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 13122500 | 9050000 | PRN |  | DFND | 1 | 9050000 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 13086024 | 311572 | SH |  | DFND | 1 | 311572 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 13007058 | 91599 | SH |  | DFND | 1 | 91599 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 12788624 | 799289 | SH |  | DFND | 1 | 799289 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 12763039 | 64787 | SH |  | DFND | 1 | 64787 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 12680640 | 39627 | SH |  | DFND | 1 | 39627 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 12622743 | 38367 | SH |  | DFND | 1 | 38367 | 0 | 0 |
| POLARIS INC | COM | 731068102 |  | 12604473 | 200071 | SH |  | DFND | 1 | 200071 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 12600858 | 102446 | SH |  | DFND | 1 | 102446 | 0 | 0 |
| LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 |  | 12405796 | 954292 | SH |  | DFND | 1 | 954292 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 12318656 | 54994 | SH |  | DFND | 1 | 54994 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 12305485 | 93935 | SH |  | DFND | 1 | 93935 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 11947014 | 221241 | SH |  | DFND | 1 | 221241 | 0 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 11930178 | 305902 | SH |  | DFND | 1 | 305902 | 0 | 0 |
| NUTANIX INC | NOTE 0.500%12/1 | 67059NAK4 |  | 11663040 | 12149000 | PRN |  | DFND | 1 | 12149000 | 0 | 0 |
| SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 |  | 11657832 | 485743 | SH |  | DFND | 1 | 485743 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 11540576 | 88096 | SH |  | DFND | 1 | 88096 | 0 | 0 |
| VERTEX INC | NOTE 0.750% 5/0 | 92538JAB2 |  | 11455915 | 12085000 | PRN |  | DFND | 1 | 12085000 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 11209145 | 117991 | SH |  | DFND | 1 | 117991 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 11174058 | 19467 | SH |  | DFND | 1 | 19467 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 11088180 | 123202 | SH |  | DFND | 1 | 123202 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 11071692 | 1845282 | SH |  | DFND | 1 | 1845282 | 0 | 0 |
| SEI INVTS CO | COM | 784117103 |  | 10988328 | 134004 | SH |  | DFND | 1 | 134004 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 10783530 | 133130 | SH |  | DFND | 1 | 133130 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 10760535 | 53535 | SH |  | DFND | 1 | 53535 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 10678824 | 30424 | SH |  | DFND | 1 | 30424 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE | SHS | G25839104 |  | 10632713 | 116843 | SH |  | DFND | 1 | 116843 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS | G17977110 |  | 10615241 | 1185249 | SH |  | DFND | 1 | 1185249 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 10476768 | 654798 | SH |  | DFND | 1 | 654798 | 0 | 0 |
| NNN REIT INC | COM | 637417106 |  | 10321480 | 258037 | SH |  | DFND | 1 | 258037 | 0 | 0 |
| AMERISAFE INC | COM | 03071H100 |  | 10312098 | 271371 | SH |  | DFND | 1 | 271371 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 10012632 | 238396 | SH |  | DFND | 1 | 238396 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 1.750% 6/1 | 462222AF7 |  | 9999820 | 6329000 | PRN |  | DFND | 1 | 6329000 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | NOTE 0.250% 3/1 | 55405YAB6 |  | 9764480 | 4672000 | PRN |  | DFND | 1 | 4672000 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 9760600 | 97606 | SH |  | DFND | 1 | 97606 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 9473625 | 42105 | SH |  | DFND | 1 | 42105 | 0 | 0 |
| KENNAMETAL INC | COM | 489170100 |  | 9426116 | 336647 | SH |  | DFND | 1 | 336647 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 9410320 | 123820 | SH |  | DFND | 1 | 123820 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 8802820 | 338570 | SH |  | DFND | 1 | 338570 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 8736923 | 8736923 | SH |  | DFND | 1 | 8736923 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 8657715 | 157413 | SH |  | DFND | 1 | 157413 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 8497500 | 30900 | SH | Put | DFND | 1 | 30900 | 0 | 0 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 8407314 | 1401219 | SH |  | DFND | 1 | 1401219 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 8379774 | 40482 | SH |  | DFND | 1 | 40482 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 8376400 | 7792 | SH |  | DFND | 1 | 7792 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 8367144 | 348631 | SH |  | DFND | 1 | 348631 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 8362704 | 99556 | SH |  | DFND | 1 | 99556 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8136040 | 16810 | SH |  | DFND | 2 | 16810 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 8085416 | 25832 | SH |  | DFND | 2 | 25832 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7988368 | 29369 | SH |  | DFND | 2 | 29369 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 7956518 | 118754 | SH |  | DFND | 1 | 118754 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 7930800 | 17624 | SH |  | DFND | 2 | 17624 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 7800000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 7747000 | 61000 | SH |  | DFND | 1 | 61000 | 0 | 0 |
| ITRON INC | NOTE3/1 | 465741AN6 |  | 7737100 | 7895000 | PRN |  | DFND | 1 | 7895000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7385400 | 11190 | SH |  | DFND | 2 | 11190 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 7367646 | 188914 | SH |  | DFND | 1 | 188914 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 7344108 | 45334 | SH |  | DFND | 1 | 45334 | 0 | 0 |
| TRAVERE THERAPEUTICS INC | NOTE 2.250% 3/0 | 89422GAA5 |  | 7286020 | 5131000 | PRN |  | DFND | 1 | 5131000 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 7228440 | 100395 | SH |  | DFND | 1 | 100395 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 7204066 | 20821 | SH |  | DFND | 2 | 20821 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 7069686 | 18174 | SH |  | DFND | 1 | 18174 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 6963307 | 41203 | SH |  | DFND | 1 | 41203 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 6946184 | 992312 | SH |  | DFND | 1 | 992312 | 0 | 0 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 6931081 | 61337 | SH |  | DFND | 1 | 61337 | 0 | 0 |
| ENERGIZER HLDGS INC NEW | COM | 29272W109 |  | 6836760 | 341838 | SH |  | DFND | 1 | 341838 | 0 | 0 |
| WERIDE INC | SPONSORED ADS | 950915108 |  | 6749487 | 749943 | SH |  | DFND | 1 | 749943 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 6709504 | 52418 | SH |  | DFND | 1 | 52418 | 0 | 0 |
| PONY AI INC | SPONSORED ADS | 732908108 |  | 6662355 | 444157 | SH |  | DFND | 1 | 444157 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 6598256 | 58913 | SH |  | DFND | 1 | 58913 | 0 | 0 |
| IMMUNOCORE HLDGS PLC | NOTE 2.500% 2/0 | 45258DAB1 |  | 6497100 | 7219000 | PRN |  | DFND | 1 | 7219000 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 6471400 | 99560 | SH |  | DFND | 1 | 99560 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 6269316 | 33706 | SH |  | DFND | 1 | 33706 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 6160000 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 6157026 | 36006 | SH |  | DFND | 2 | 36006 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 5749835 | 12637 | SH |  | DFND | 1 | 12637 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 5639536 | 402824 | SH |  | DFND | 1 | 402824 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 5605440 | 186848 | SH |  | DFND | 1 | 186848 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 5565714 | 24094 | SH |  | DFND | 2 | 24094 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 5505050 | 110101 | SH |  | DFND | 1 | 110101 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 5435325 | 1015 | SH |  | DFND | 1 | 1015 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 5413860 | 18996 | SH |  | DFND | 2 | 18996 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 5292500 | 36500 | SH |  | DFND | 1 | 36500 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 5258995 | 142135 | SH |  | DFND | 1 | 142135 | 0 | 0 |
| BARINTHUS BIOTHERAPEUTICS PL | ADS | 91864C107 |  | 5197349 | 5197349 | SH |  | DFND | 1 | 5197349 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 4959075 | 18033 | SH |  | DFND | 1 | 18033 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 4761006 | 50649 | SH |  | DFND | 2 | 50649 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 4725000 | 315000 | SH |  | DFND | 1 | 315000 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 4692462 | 1564154 | SH |  | DFND | 1 | 1564154 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.750% 6/0 | 74736LAD1 |  | 4598530 | 4553000 | PRN |  | DFND | 1 | 4553000 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 4447052 | 6598 | SH |  | DFND | 2 | 6598 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 4437105 | 17265 | SH |  | DFND | 2 | 17265 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4411608 | 46932 | SH |  | DFND | 1 | 46932 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 4371760 | 54647 | SH |  | DFND | 1 | 54647 | 0 | 0 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 4352106 | 197823 | SH |  | DFND | 1 | 197823 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 4339720 | 78904 | SH |  | DFND | 1 | 78904 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 4320085 | 56105 | SH |  | DFND | 2 | 56105 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 4314141 | 12291 | SH |  | DFND | 2 | 12291 | 0 | 0 |
| REE AUTOMOTIVE LTD | SHS CL A NEW | M8287R202 |  | 4248429 | 4248429 | SH |  | DFND | 1 | 4248429 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4236232 | 13156 | SH |  | DFND | 2 | 13156 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 4000000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 3802428 | 6636 | SH |  | DFND | 2 | 6636 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 3749880 | 31249 | SH |  | DFND | 2 | 31249 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 3749460 | 16302 | SH |  | DFND | 2 | 16302 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 3726080 | 6560 | SH |  | DFND | 2 | 6560 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 3715100 | 9700 | SH |  | DFND | 2 | 9700 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3662055 | 23935 | SH |  | DFND | 2 | 23935 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 3600000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 3571456 | 13951 | SH |  | DFND | 1 | 13951 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 3439930 | 36595 | SH |  | DFND | 1 | 36595 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 3379390 | 14693 | SH |  | DFND | 1 | 14693 | 0 | 0 |
| HUTCHMED CHINA LTD | SPONSORED ADS | 44842L103 |  | 3367429 | 259033 | SH |  | DFND | 1 | 259033 | 0 | 0 |
| BOX INC | NOTE1/1 | 10316TAB0 |  | 3357040 | 2894000 | PRN |  | DFND | 1 | 2894000 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 3294745 | 62165 | SH |  | DFND | 1 | 62165 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 3232542 | 29122 | SH |  | DFND | 2 | 29122 | 0 | 0 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 3145680 | 104856 | SH |  | DFND | 1 | 104856 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 3087241 | 39079 | SH |  | DFND | 1 | 39079 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2946452 | 22492 | SH |  | DFND | 2 | 22492 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2871714 | 8782 | SH |  | DFND | 2 | 8782 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2854985 | 10535 | SH |  | DFND | 2 | 10535 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2836226 | 5011 | SH |  | DFND | 2 | 5011 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 2831085 | 42255 | SH |  | DFND | 1 | 42255 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 2744400 | 34305 | SH |  | DFND | 2 | 34305 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2533312 | 13768 | SH |  | DFND | 2 | 13768 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2337416 | 7444 | SH |  | DFND | 1 | 7444 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2335718 | 4466 | SH |  | DFND | 1 | 4466 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2298207 | 4569 | SH |  | DFND | 1 | 4569 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 2278955 | 23989 | SH |  | DFND | 2 | 23989 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 2264294 | 4859 | SH |  | DFND | 2 | 4859 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2249030 | 12635 | SH |  | DFND | 1 | 12635 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 2232450 | 4961 | SH |  | DFND | 1 | 4961 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2219445 | 11997 | SH |  | DFND | 1 | 11997 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 2203798 | 3329 | SH |  | DFND | 2 | 3329 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2181200 | 16400 | SH |  | DFND | 2 | 16400 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2165824 | 6296 | SH |  | DFND | 1 | 6296 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 2144100 | 6126 | SH |  | DFND | 2 | 6126 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2141244 | 2436 | SH |  | DFND | 1 | 2436 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2063520 | 17196 | SH |  | DFND | 1 | 17196 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 2033702 | 10483 | SH |  | DFND | 2 | 10483 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1988124 | 22852 | SH |  | DFND | 1 | 22852 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1959101 | 3431 | SH |  | DFND | 2 | 3431 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1951740 | 23235 | SH |  | DFND | 1 | 23235 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1907205 | 7197 | SH |  | DFND | 2 | 7197 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1869847 | 14059 | SH |  | DFND | 1 | 14059 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 1864672 | 58271 | SH |  | DFND | 1 | 58271 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1852848 | 12867 | SH |  | DFND | 1 | 12867 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1851661 | 8533 | SH |  | DFND | 2 | 8533 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 1844820 | 4986 | SH |  | DFND | 1 | 4986 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1784250 | 9750 | SH |  | DFND | 1 | 9750 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1782390 | 885 | SH |  | DFND | 2 | 885 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1730712 | 5847 | SH |  | DFND | 1 | 5847 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1729602 | 32634 | SH |  | DFND | 1 | 32634 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 1657173 | 7567 | SH |  | DFND | 2 | 7567 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1608984 | 2808 | SH |  | DFND | 1 | 2808 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1576944 | 3384 | SH |  | DFND | 1 | 3384 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1559404 | 5063 | SH |  | DFND | 1 | 5063 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1550250 | 7950 | SH |  | DFND | 2 | 7950 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 1512368 | 8593 | SH |  | DFND | 1 | 8593 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1507275 | 5775 | SH |  | DFND | 1 | 5775 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 |  | 1479610 | 13451 | SH |  | DFND | 1 | 13451 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1476522 | 13302 | SH |  | DFND | 1 | 13302 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 1474989 | 13053 | SH |  | DFND | 2 | 13053 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1422579 | 8223 | SH |  | DFND | 1 | 8223 | 0 | 0 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 1370176 | 42818 | SH |  | DFND | 2 | 42818 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1369702 | 17338 | SH |  | DFND | 1 | 17338 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 1349874 | 7894 | SH |  | DFND | 2 | 7894 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1245590 | 1445 | SH |  | DFND | 1 | 1445 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1224816 | 5372 | SH |  | DFND | 2 | 5372 | 0 | 0 |
| ARBE ROBOTICS LTD | ORDINARY SHARES | M1R95N100 |  | 1219379 | 1219379 | SH |  | DFND | 1 | 1219379 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 1143116 | 15041 | SH |  | DFND | 2 | 15041 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 1139417 | 14423 | SH |  | DFND | 2 | 14423 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1091450 | 4150 | SH |  | DFND | 1 | 4150 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1077960 | 5528 | SH |  | DFND | 2 | 5528 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 993346 | 12574 | SH |  | DFND | 1 | 12574 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 883872 | 4752 | SH |  | DFND | 1 | 4752 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 791546 | 8077 | SH |  | DFND | 1 | 8077 | 0 | 0 |
| PROGYNY INC | COM | 74340E103 |  | 752180 | 28930 | SH |  | DFND | 1 | 28930 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 746152 | 33916 | SH |  | DFND | 1 | 33916 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 741548 | 4166 | SH |  | DFND | 1 | 4166 | 0 | 0 |
| DEUTSCHE BANK A G | NAMEN AKT | D18190898 |  | 691970 | 17813 | SH |  | DFND | 1 | 17813 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 685725 | 3075 | SH |  | DFND | 1 | 3075 | 0 | 0 |
| AUTOLIV INC | COM | 052800109 |  | 623084 | 5236 | SH |  | DFND | 1 | 5236 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 609686 | 2849 | SH |  | DFND | 1 | 2849 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 497790 | 27655 | SH |  | DFND | 1 | 27655 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 420000 | 4200 | SH |  | DFND | 1 | 4200 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 412188 | 14721 | SH |  | DFND | 1 | 14721 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 411929 | 4963 | SH |  | DFND | 1 | 4963 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 401744 | 2954 | SH |  | DFND | 1 | 2954 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 396185 | 4661 | SH |  | DFND | 1 | 4661 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 375648 | 7826 | SH |  | DFND | 1 | 7826 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 321610 | 2218 | SH |  | DFND | 1 | 2218 | 0 | 0 |
| FERMI INC | COM | 314911108 |  | 316560 | 39570 | SH |  | DFND | 2 | 39570 | 0 | 0 |
| CABLE ONE INC | NOTE3/1 | 12685JAE5 |  | 294000 | 300000 | PRN |  | DFND | 2 | 300000 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 285480 | 3660 | SH |  | DFND | 1 | 3660 | 0 | 0 |
| POSTAL REALTY TRUST INC | CL A | 73757R102 |  | 256032 | 16002 | SH |  | DFND | 1 | 16002 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 244223 | 1757 | SH |  | DFND | 1 | 1757 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 242088 | 3144 | SH |  | DFND | 1 | 3144 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 237468 | 8481 | SH |  | DFND | 1 | 8481 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 235635 | 3415 | SH |  | DFND | 1 | 3415 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 234752 | 4192 | SH |  | DFND | 1 | 4192 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 234652 | 5333 | SH |  | DFND | 1 | 5333 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 233299 | 1837 | SH |  | DFND | 1 | 1837 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 233261 | 4963 | SH |  | DFND | 1 | 4963 | 0 | 0 |
| SILA REALTY TRUST INC | COMMON STOCK | 146280508 |  | 229885 | 9995 | SH |  | DFND | 1 | 9995 | 0 | 0 |
| ONE LIBERTY PPTYS INC | COM | 682406103 |  | 229520 | 11476 | SH |  | DFND | 1 | 11476 | 0 | 0 |
| GETTY RLTY CORP NEW | COM | 374297109 |  | 226827 | 8401 | SH |  | DFND | 1 | 8401 | 0 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 226096 | 8696 | SH |  | DFND | 1 | 8696 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 225504 | 6264 | SH |  | DFND | 1 | 6264 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 224490 | 7483 | SH |  | DFND | 1 | 7483 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 223200 | 1440 | SH |  | DFND | 1 | 1440 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 220576 | 6893 | SH |  | DFND | 1 | 6893 | 0 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 216840 | 834 | SH |  | DFND | 1 | 834 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 210990 | 1623 | SH |  | DFND | 1 | 1623 | 0 | 0 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 |  | 209178 | 69726 | SH |  | DFND | 1 | 69726 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 207720 | 5770 | SH |  | DFND | 1 | 5770 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 194287 | 3293 | SH |  | DFND | 1 | 3293 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 179376 | 444 | SH |  | DFND | 1 | 444 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 164241 | 711 | SH |  | DFND | 1 | 711 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 159252 | 1731 | SH |  | DFND | 1 | 1731 | 0 | 0 |
| PTC INC | COM | 69370C100 |  | 143202 | 823 | SH |  | DFND | 1 | 823 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 140040 | 360 | SH |  | DFND | 1 | 360 | 0 | 0 |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 136268 | 652 | SH |  | DFND | 1 | 652 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 135459 | 1557 | SH |  | DFND | 1 | 1557 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 125686 | 394 | SH |  | DFND | 1 | 394 | 0 | 0 |
| TREX CO INC | COM | 89531P105 |  | 122885 | 3511 | SH |  | DFND | 1 | 3511 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 100436 | 238 | SH |  | DFND | 1 | 238 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 88722 | 954 | SH |  | DFND | 1 | 954 | 0 | 0 |
| TRINSEO PLC | SHS | G9059U107 |  | 3789647 | 7625044 | SH |  | DFND | 1 | 7555957 | 0 | 69087 |
| FREIGHTOS LTD | *W EXP 99/99/999 | G51405119 |  | 74052 | 495000 | SH |  | DFND | 1 | 495000 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 116373321 | 2257723 | SH |  | DFND | 1 | 2257723 | 0 | 0 |

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