# EDGAR Filing Document

**Accession Number:** 0001908623
**File Stem:** 0001908623-25-000006
**Filing Date:** 2025-10
**Character Count:** 28890
**Document Hash:** 10d001bc0894681a793906d2bee4d627
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001908623-25-000006.hdr.sgml**: 20251021

**ACCESSION NUMBER**: 0001908623-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251021

**DATE AS OF CHANGE**: 20251021

**EFFECTIVENESS DATE**: 20251021

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PayPay Securities Corp
- **CENTRAL INDEX KEY:** 0001908623

**ORGANIZATION NAME:**
- **EIN:** 980242828
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22802
- **FILM NUMBER:** 251405334

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** YOTSUYA TOWER
- **STREET 2:** 1-6-1 YOTSUYA, SHINJUKU-KU
- **CITY:** TOKYO
- **NON US STATE TERRITORY:** JAPAN
- **PROVINCE COUNTRY:** M0
- **ZIP:** 160-0004
- **BUSINESS PHONE:** 81-3-6447-4168

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** YOTSUYA TOWER
- **STREET 2:** 1-6-1 YOTSUYA, SHINJUKU-KU
- **CITY:** TOKYO
- **NON US STATE TERRITORY:** JAPAN
- **PROVINCE COUNTRY:** M0
- **ZIP:** 160-0004

### 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:** PayPay Securities Corp<br>**Address:** YOTSUYA TOWER<br>1-6-1 YOTSUYA SHINJUKU-KU<br>TOKYO, M0 160-0004

**Form 13F File Number:** 028-22802

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:** Ichiro Kajiwara<br>**Title:** Head of Operation Department<br>**Phone:** 81-3-6447-4168

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

Ichiro Kajiwara  Tokyo, M0  10-20-2025<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:** 1

**Form 13F Information Table Entry Total:** 281

**Form 13F Information Table Value Total:** $2781353

      (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 | PPSC Investment Service Corp | 028-22801              |  |  |

### 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 |
| DIREXION SHS ETF TR | DRX S | 25459W862 |  | 277011 | 1307 | SH |  | DFND | PPSC Investment Service Corp | 1307 | 0 | 0 |
| PROSHARES TR | ULTRAPRO QQQ | 74347X831 |  | 40653 | 393 | SH |  | DFND | PPSC Investment Service Corp | 393 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY SEMICONDUC | 25460G112 |  | 104839 | 20278 | SH |  | DFND |  | 20278 | 0 | 0 |
| DIREXION SHS ETF TR | DLY SCOND 3XBU | 25459W458 |  | 103383 | 2967 | SH |  | DFND |  | 2967 | 0 | 0 |
| DIREXION SHS ETF TR | DLY S BR 3X | 25460E190 |  | 46605 | 1227 | SH |  | DFND |  | 1227 | 0 | 0 |
| DIREXION SHS ETF TR | DLY TSLA BEAR 1X | 25460G260 |  | 40305 | 7492 | SH |  | DFND |  | 7492 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 72945 | 141 | SH |  | DFND |  | 141 | 0 | 0 |
| PROSHARES TR | ULTRAPRO SHT QQQ | 74347G192 |  | 253905 | 16671 | SH |  | DFND |  | 16671 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY NVDA BEAR | 25461A197 |  | 65416 | 1670 | SH |  | DFND |  | 1670 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 47529 | 255 | SH |  | DFND |  | 255 | 0 | 0 |
| DIREXION SHS ETF TR | DLY AAPL BEAR 1X | 25461A304 |  | 40343 | 2882 | SH |  | DFND |  | 2882 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 61223 | 240 | SH |  | DFND |  | 240 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 236482 | 665 | SH |  | DFND | PPSC Investment Service Corp | 665 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 53734 | 81 | SH |  | DFND | PPSC Investment Service Corp | 81 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 54913 | 250 | SH |  | DFND |  | 250 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY TSLA 2X SH | 25460G286 |  | 20299 | 962 | SH |  | DFND |  | 962 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 48016 | 198 | SH |  | DFND |  | 198 | 0 | 0 |
| DIREXION SHS ETF TR | DLY AAPL BULL 2X | 25461A874 |  | 20205 | 625 | SH |  | DFND |  | 625 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY NVDA 2X SH | 25461A833 |  | 28668 | 219 | SH |  | DFND |  | 219 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY GOOGL BR1X | 25461A601 |  | 27044 | 3035 | SH |  | DFND |  | 3035 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 29657 | 40 | SH |  | DFND |  | 40 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 20933 | 63 | SH |  | DFND |  | 63 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY AMZN BR 1X | 25461A502 |  | 40856 | 3790 | SH |  | DFND |  | 3790 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 40806 | 68 | SH |  | DFND | PPSC Investment Service Corp | 68 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY MSFT BR 1X | 25461A403 |  | 20075 | 1861 | SH |  | DFND |  | 1861 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 22278 | 50 | SH |  | DFND |  | 50 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 14965 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 17031 | 54 | SH |  | DFND |  | 54 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY GOOGL 2X S | 25461A841 |  | 13318 | 211 | SH |  | DFND |  | 211 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 13664 | 97 | SH |  | DFND |  | 97 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY 20+ YEAR T | 25460G138 |  | 9577 | 238 | SH |  | DFND | PPSC Investment Service Corp | 238 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY S BIOTEC | 25461H853 |  | 13108 | 324 | SH |  | DFND |  | 324 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY MSFT 2X SH | 25461A866 |  | 10027 | 192 | SH |  | DFND |  | 192 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY S BIOTCH | 25460G120 |  | 13824 | 148 | SH |  | DFND |  | 148 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 12737 | 37 | SH |  | DFND |  | 37 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 6983 | 38 | SH |  | DFND |  | 38 | 0 | 0 |
| DIREXION SHS ETF TR | 20YR TRES BEAR | 25460G849 |  | 12217 | 349 | SH |  | DFND |  | 349 | 0 | 0 |
| DIREXION SHS ETF TR | DIREXION 2X SHAR | 25461A858 |  | 33937 | 976 | SH |  | DFND |  | 976 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 11719 | 15 | SH |  | DFND |  | 15 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 10090 | 31 | SH |  | DFND |  | 31 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 10145 | 74 | SH |  | DFND |  | 74 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 9944 | 46 | SH |  | DFND |  | 46 | 0 | 0 |
| DIREXION SHS ETF TR | DLY EMG MK BL 3X | 25490K281 |  | 6829 | 134 | SH |  | DFND |  | 134 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 14428 | 128 | SH |  | DFND |  | 128 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 11328 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 8999 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 10049 | 18 | SH |  | DFND |  | 18 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 8619 | 84 | SH |  | DFND |  | 84 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 8326 | 21 | SH |  | DFND |  | 21 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 8389 | 45 | SH |  | DFND |  | 45 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY MSCI EMERG | 25461H861 |  | 8665 | 216 | SH |  | DFND |  | 216 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 7910 | 51 | SH |  | DFND |  | 51 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 8533 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 7641 | 33 | SH |  | DFND |  | 33 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8584 | 25 | SH |  | DFND |  | 25 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 8818 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 5551 | 34 | SH |  | DFND |  | 34 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 7006 | 136 | SH |  | DFND |  | 136 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 1990 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 8542 | 129 | SH |  | DFND |  | 129 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 4981 | 73 | SH |  | DFND |  | 73 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 7884 | 33 | SH |  | DFND |  | 33 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 5296 | 63 | SH |  | DFND |  | 63 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4745 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 4404 | 32 | SH |  | DFND |  | 32 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 6045 | 68 | SH |  | DFND |  | 68 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 9515 | 32 | SH |  | DFND |  | 32 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 5576 | 42 | SH |  | DFND |  | 42 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 46 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 7009 | 248 | SH |  | DFND |  | 248 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 8187 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 6183 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 3074 | 70 | SH |  | DFND |  | 70 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 4794 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 4854 | 50 | SH |  | DFND |  | 50 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 3926 | 34 | SH |  | DFND |  | 34 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 4648 | 15 | SH |  | DFND |  | 15 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 10305 | 62 | SH |  | DFND |  | 62 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 10000 | 64 | SH |  | DFND |  | 64 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY REAL EST B | 25459W755 |  | 9595 | 980 | SH |  | DFND |  | 980 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 4404 | 28 | SH |  | DFND |  | 28 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 7619 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3886 | 46 | SH |  | DFND |  | 46 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 3086 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 7413 | 35 | SH |  | DFND |  | 35 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3738 | 37 | SH |  | DFND |  | 37 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 3717 | 39 | SH |  | DFND |  | 39 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3021 | 18 | SH |  | DFND |  | 18 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 7144 | 95 | SH |  | DFND |  | 95 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 4327 | 31 | SH |  | DFND |  | 31 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 3071 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 3389 | 14 | SH |  | DFND |  | 14 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 5582 | 23 | SH |  | DFND |  | 23 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3962 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2963 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 3874 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 4348 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4853 | 22 | SH |  | DFND |  | 22 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2161 | 69 | SH |  | DFND |  | 69 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 6013 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3250 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY REAL ESTAT | 25460G419 |  | 3315 | 140 | SH |  | DFND |  | 140 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2995 | 118 | SH |  | DFND |  | 118 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 3509 | 36 | SH |  | DFND |  | 36 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 2712 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2482 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 4472 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4540 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2895 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2869 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1730 | 38 | SH |  | DFND |  | 38 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 4254 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 2655 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5890 | 62 | SH |  | DFND |  | 62 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2308 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2056 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2219 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 3390 | 23 | SH |  | DFND |  | 23 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3409 | 20 | SH |  | DFND |  | 20 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 7466 | 23 | SH |  | DFND |  | 23 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2977 | 15 | SH |  | DFND |  | 15 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 2799 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 3813 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2644 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 10682 | 36 | SH |  | DFND |  | 36 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2396 | 71 | SH |  | DFND |  | 71 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 2443 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 3069 | 23 | SH |  | DFND |  | 23 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2611 | 24 | SH |  | DFND |  | 24 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 2871 | 20 | SH |  | DFND |  | 20 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 2525 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 4717 | 50 | SH |  | DFND |  | 50 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 3183 | 38 | SH |  | DFND |  | 38 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1796 | 29 | SH |  | DFND |  | 29 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1374 | 20 | SH |  | DFND |  | 20 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1082 | 28 | SH |  | DFND |  | 28 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 1531 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2655 | 38 | SH |  | DFND |  | 38 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 2808 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1594 | 45 | SH |  | DFND |  | 45 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1284 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1496 | 18 | SH |  | DFND |  | 18 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 2043 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1863 | 22 | SH |  | DFND |  | 22 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 6409 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2438 | 37 | SH |  | DFND |  | 37 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 1924 | 7 | SH |  | DFND |  | 7 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3892 | 19 | SH |  | DFND |  | 19 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 3050 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 2337 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 3086 | 25 | SH |  | DFND |  | 25 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1298 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 1124 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 6887 | 14 | SH |  | DFND |  | 14 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1431 | 18 | SH |  | DFND |  | 18 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 2211 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1920 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1813 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 4092 | 14 | SH |  | DFND |  | 14 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 843 | 71 | SH |  | DFND |  | 71 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1672 | 53 | SH |  | DFND |  | 53 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1834 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 959 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 776 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1453 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1017 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 2223 | 29 | SH |  | DFND |  | 29 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1894 | 48 | SH |  | DFND |  | 48 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1486 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 923 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 934 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 1553 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1126 | 14 | SH |  | DFND |  | 14 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1646 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1339 | 7 | SH |  | DFND |  | 7 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1870 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 1222 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2044 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 2511 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1019 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1845 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 1118 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 2757 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 2121 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 985 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1731 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2373 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 910 | 14 | SH |  | DFND |  | 14 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 995 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 1138 | 33 | SH |  | DFND |  | 33 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 851 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 4037 | 85 | SH |  | DFND |  | 85 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 993 | 15 | SH |  | DFND |  | 15 | 0 | 0 |
| ISHARES TR | USD INV GRDE ETF | 464288620 |  | 1255 | 24 | SH |  | DFND |  | 24 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 948 | 27 | SH |  | DFND |  | 27 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 868 | 15 | SH |  | DFND |  | 15 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 1118 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 591 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1350 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 1040 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 955 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 1066 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 4647 | 41 | SH |  | DFND |  | 41 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 1372 | 60 | SH |  | DFND |  | 60 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 653 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1523 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1294 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 2237 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1013 | 39 | SH |  | DFND |  | 39 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 1040 | 33 | SH |  | DFND |  | 33 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 977 | 20 | SH |  | DFND |  | 20 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 1723 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 978 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 1459 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 1044 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 633 | 22 | SH |  | DFND |  | 22 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 917 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 729 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 855 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1005 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1750 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 6677 | 47 | SH |  | DFND |  | 47 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 985 | 7 | SH |  | DFND |  | 7 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 2652 | 54 | SH |  | DFND |  | 54 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 1992 | 39 | SH |  | DFND |  | 39 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 972 | 7 | SH |  | DFND |  | 7 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2647 | 36 | SH |  | DFND |  | 36 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 1045 | 40 | SH |  | DFND |  | 40 | 0 | 0 |
| C3 AI INC | CL A | 12468P104 |  | 3383 | 195 | SH |  | DFND |  | 195 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 921 | 119 | SH |  | DFND |  | 119 | 0 | 0 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 |  | 1033 | 16 | SH |  | DFND |  | 16 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 904 | 13 | SH |  | DFND |  | 13 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 953 | 43 | SH |  | DFND |  | 43 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 1000 | 89 | SH |  | DFND |  | 89 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 962 | 21 | SH |  | DFND |  | 21 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 1026 | 38 | SH |  | DFND |  | 38 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 968 | 18 | SH |  | DFND |  | 18 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 2031 | 51 | SH |  | DFND |  | 51 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 909 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 968 | 27 | SH |  | DFND |  | 27 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 930 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 3371 | 47 | SH |  | DFND |  | 47 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 945 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| ZILLOW GROUP INC | CL A | 98954M101 |  | 955 | 13 | SH |  | DFND |  | 13 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 968 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 978 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 978 | 5 | SH |  | DFND |  | 5 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 1100 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 914 | 12 | SH |  | DFND |  | 12 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 820 | 6 | SH |  | DFND |  | 6 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 890 | 4 | SH |  | DFND |  | 4 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 1037 | 445 | SH |  | DFND |  | 445 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 665 | 2 | SH |  | DFND |  | 2 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 2004 | 13 | SH |  | DFND |  | 13 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 2 | 0 | SH |  | DFND |  | 0 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 1041 | 116 | SH |  | DFND |  | 116 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 1050 | 556 | SH |  | DFND |  | 556 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 992 | 116 | SH |  | DFND |  | 116 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 3343 | 89 | SH |  | DFND |  | 89 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 1011 | 269 | SH |  | DFND |  | 269 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 973 | 68 | SH |  | DFND |  | 68 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 1019 | 118 | SH |  | DFND |  | 118 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 1994 | 48 | SH |  | DFND |  | 48 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 995 | 47 | SH |  | DFND |  | 47 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 956 | 30 | SH |  | DFND |  | 30 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 1014 | 33 | SH |  | DFND |  | 33 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 801 | 3 | SH |  | DFND |  | 3 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 5962 | 112 | SH |  | DFND |  | 112 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1032 | 11 | SH |  | DFND |  | 11 | 0 | 0 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 975 | 9 | SH |  | DFND |  | 9 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 940 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 11 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| FUELCELL ENERGY INC | COM NEW | 35952H700 |  | 5 | 1 | SH |  | DFND |  | 1 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 9380 | 13 | SH |  | DFND |  | 13 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 10083 | 71 | SH |  | DFND |  | 71 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 9657 | 10 | SH |  | DFND |  | 10 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 4241 | 34 | SH |  | DFND |  | 34 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 9962 | 70 | SH |  | DFND |  | 70 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 5038 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1581 | 8 | SH |  | DFND |  | 8 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 1636 | 26 | SH |  | DFND |  | 26 | 0 | 0 |

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