# EDGAR Filing Document

**Accession Number:** 0002096459
**File Stem:** 0002096459-26-000002
**Filing Date:** 2026-2
**Character Count:** 23016
**Document Hash:** 0da38dd7115c139207cb9f49ce2064a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002096459-26-000002.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0002096459-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**EFFECTIVENESS DATE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kepler Cheuvreux (Suisse) SA
- **CENTRAL INDEX KEY:** 0002096459

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 549300WZUJONCM3K3B32

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25848
- **FILM NUMBER:** 26596128

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENUE PERDTEMPS 23
- **CITY:** NYON
- **PROVINCE COUNTRY:** V8
- **ZIP:** 1260
- **BUSINESS PHONE:** 0041 22 361 51 51

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENUE PERDTEMPS 23
- **CITY:** NYON
- **PROVINCE COUNTRY:** V8
- **ZIP:** 1260

### 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:** Kepler Cheuvreux (Suisse) SA<br>**Address:** AVENUE PERDTEMPS 23<br>NYON, V8 1260

**Form 13F File Number:** 028-25848

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:** Tabaroni Laurent<br>**Title:** Risk Manager<br>**Phone:** 0041229941416

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

Laurent Tabaroni  Nyon, V8  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:** 1

**Form 13F Information Table Entry Total:** 199

**Form 13F Information Table Value Total:** $1771360690

      (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   |
|:---|:---|:---|
|  | Unigestion (UK) Ltd |  |

### 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 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 2732572 | 21810 | SH |  | DFND | 1 | 21810 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 18997569 | 83144 | SH |  | DFND | 1 | 83144 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 12354995 | 54070 | SH |  | DFND | 2 | 54070 | 0 | 0 |
| AERCAP HOLDINGS NV | COM | N00985106 |  | 13412089 | 93295 | SH |  | DFND | 1 | 93295 | 0 | 0 |
| ALLEGION PLC | COM | G0176J109 |  | 8240747 | 51757 | SH |  | DFND | 1 | 51757 | 0 | 0 |
| ALLEGION PLC | COM | G0176J109 |  | 6619863 | 41569 | SH |  | DFND | 2 | 41569 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2688673 | 12917 | SH |  | DFND | 1 | 12917 | 0 | 0 |
| ALPHABET INC | CL. A | 02079K305 |  | 30267413 | 96701 | SH |  | DFND | 1 | 96701 | 0 | 0 |
| ALPHABET INC | CL. A | 02079K305 |  | 18297288 | 58469 | SH |  | DFND | 2 | 58469 | 0 | 0 |
| ALPHABET INC | CL. C | 02079K107 |  | 21152628 | 67408 | SH |  | DFND | 1 | 67408 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 8757772 | 37942 | SH |  | DFND | 1 | 37942 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2591129 | 7004 | SH |  | DFND | 1 | 7004 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COM | 03076C106 |  | 3627044 | 7397 | SH |  | DFND | 1 | 7397 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 4454199 | 21695 | SH |  | DFND | 1 | 21695 | 0 | 0 |
| AMPHENOL CORP | CL. A | 032095101 |  | 8031502 | 59431 | SH |  | DFND | 1 | 59431 | 0 | 0 |
| AMPHENOL CORP | CL. A | 032095101 |  | 5955655 | 44067 | SH |  | DFND | 2 | 44067 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT LLC | COM | 03769M106 |  | 1011148 | 6985 | SH |  | DFND | 1 | 6985 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 33796000 | 124314 | SH |  | DFND | 1 | 124314 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 13220938 | 48635 | SH |  | DFND | 2 | 48635 | 0 | 0 |
| ARCH CAPITAL GROUP LTD | COM | G0450A105 |  | 1992450 | 20772 | SH |  | DFND | 1 | 20772 | 0 | 0 |
| ARCONIC INC | COM | 443201108 |  | 1522888 | 7428 | SH |  | DFND | 1 | 7428 | 0 | 0 |
| ARES MANAGEMENT CORP | COM | 03990B101 |  | 2504295 | 15494 | SH |  | DFND | 1 | 15494 | 0 | 0 |
| ARISTA NETWORKS INC | COM | 040413205 |  | 1795111 | 13700 | SH |  | DFND | 1 | 13700 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 6972567 | 41595 | SH |  | DFND | 1 | 41595 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 3534186 | 21082 | SH |  | DFND | 2 | 21082 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 5472333 | 18487 | SH |  | DFND | 1 | 18487 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 5034368 | 17008 | SH |  | DFND | 2 | 17008 | 0 | 0 |
| AUTOHOME INC  -ADR | CL. A | 05278C107 |  | 1700241 | 76381 | SH |  | DFND | 1 | 76381 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | COM | 053015103 |  | 18647115 | 72492 | SH |  | DFND | 1 | 72492 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | COM | 053015103 |  | 15460208 | 60105 | SH |  | DFND | 2 | 60105 | 0 | 0 |
| AXA EQUITABLE HOLDINGS | COM | 29452E101 |  | 3327304 | 69828 | SH |  | DFND | 1 | 69828 | 0 | 0 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 3117290 | 56678 | SH |  | DFND | 1 | 56678 | 0 | 0 |
| BANK OF MONTREAL | COM | 063671101 |  | 6107912 | 34266 | SH |  | DFND | 1 | 34266 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 10688636 | 92072 | SH |  | DFND | 1 | 92072 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | COM | 064058100 |  | 4944389 | 42591 | SH |  | DFND | 2 | 42591 | 0 | 0 |
| BANK OF NOVA SCOTIA | COM | 064149107 |  | 8086959 | 79887 | SH |  | DFND | 1 | 79887 | 0 | 0 |
| BANK OF NOVA SCOTIA | COM | 064149107 |  | 16871895 | 166636 | SH |  | DFND | 2 | 166636 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 20414515 | 3812 | SH |  | DFND | 1 | 3812 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 19021838 | 3553 | SH |  | DFND | 2 | 3553 | 0 | 0 |
| BROADCOM LTD | COM | 11135F101 |  | 18727122 | 54109 | SH |  | DFND | 1 | 54109 | 0 | 0 |
| BROADCOM LTD | COM | 11135F101 |  | 11230814 | 32459 | SH |  | DFND | 2 | 32459 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTNS | COM | 11133T103 |  | 2973517 | 13324 | SH |  | DFND | 1 | 13324 | 0 | 0 |
| CADENCE DESIGN SYSTEMS INC | COM | 127387108 |  | 1175613 | 3761 | SH |  | DFND | 1 | 3761 | 0 | 0 |
| CANADIAN IMPERIAL BANK | COM | 136069101 |  | 9790400 | 78682 | SH |  | DFND | 1 | 78682 | 0 | 0 |
| CANADIAN IMPERIAL BANK | COM | 136069101 |  | 25969517 | 208557 | SH |  | DFND | 2 | 208557 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 28969333 | 140970 | SH |  | DFND | 1 | 140970 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 17799059 | 86605 | SH |  | DFND | 2 | 86605 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 10470342 | 18277 | SH |  | DFND | 1 | 18277 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 10269193 | 17929 | SH |  | DFND | 2 | 17929 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 7269811 | 53376 | SH |  | DFND | 1 | 53376 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 4662297 | 13804 | SH |  | DFND | 1 | 13804 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 5107838 | 15120 | SH |  | DFND | 2 | 15120 | 0 | 0 |
| CGI GROUP INC  -CL A | CL. A | 12532H104 |  | 9934227 | 78358 | SH |  | DFND | 1 | 78358 | 0 | 0 |
| CINCINNATI FINANCIAL CORP | COM | 172062101 |  | 1004907 | 6153 | SH |  | DFND | 1 | 6153 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2717235 | 14448 | SH |  | DFND | 1 | 14448 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 41317810 | 536386 | SH |  | DFND | 1 | 536386 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 20569602 | 266999 | SH |  | DFND | 2 | 266999 | 0 | 0 |
| CLOUDFLARE INC | COM | 18915M107 |  | 869431 | 4410 | SH |  | DFND | 1 | 4410 | 0 | 0 |
| CME GROUP INC | CL. A | 12572Q105 |  | 18096734 | 66269 | SH |  | DFND | 1 | 66269 | 0 | 0 |
| CME GROUP INC | CL. A | 12572Q105 |  | 7018975 | 25703 | SH |  | DFND | 2 | 25703 | 0 | 0 |
| COCA-COLA CO | COM | 191216100 |  | 18978954 | 271477 | SH |  | DFND | 1 | 271477 | 0 | 0 |
| COCA-COLA CO | COM | 191216100 |  | 16602434 | 237449 | SH |  | DFND | 2 | 237449 | 0 | 0 |
| COCA-COLA EUROPEAN PARTNERS | COM | G25839104 |  | 7429058 | 81899 | SH |  | DFND | 1 | 81899 | 0 | 0 |
| COGNIZANT TECH SOLUTIONS | CL. A | 192446102 |  | 14762048 | 177856 | SH |  | DFND | 1 | 177856 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 1947163 | 2258 | SH |  | DFND | 1 | 2258 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 3557365 | 12395 | SH |  | DFND | 1 | 12395 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 14597952 | 50848 | SH |  | DFND | 2 | 50848 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 7869097 | 15416 | SH |  | DFND | 1 | 15416 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2423908 | 23381 | SH |  | DFND | 1 | 23381 | 0 | 0 |
| DISNEY (WALT) CO | COM | 254687106 |  | 2789754 | 24521 | SH |  | DFND | 1 | 24521 | 0 | 0 |
| EATON CORP PLC | COM | G29183103 |  | 654219 | 2054 | SH |  | DFND | 1 | 2054 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 1192660 | 13693 | SH |  | DFND | 1 | 13693 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1889356 | 7197 | SH |  | DFND | 1 | 7197 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 1484563 | 22603 | SH |  | DFND | 1 | 22603 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 7806665 | 118841 | SH |  | DFND | 2 | 118841 | 0 | 0 |
| ESSEX PROPERTY TRUST | COM | 297178105 |  | 856740 | 3274 | SH |  | DFND | 1 | 3274 | 0 | 0 |
| EXPEDIA INC | COM | 30212P303 |  | 4454482 | 15723 | SH |  | DFND | 1 | 15723 | 0 | 0 |
| F5 NETWORKS INC | COM | 315616102 |  | 7829588 | 30673 | SH |  | DFND | 1 | 30673 | 0 | 0 |
| F5 NETWORKS INC | COM | 315616102 |  | 3084857 | 12088 | SH |  | DFND | 2 | 12088 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 457361 | 11397 | SH |  | DFND | 1 | 11397 | 0 | 0 |
| FOX CORP | CL. A | 35137L105 |  | 22454261 | 307298 | SH |  | DFND | 1 | 307298 | 0 | 0 |
| FOX CORP | CL. A | 35137L105 |  | 10818050 | 148010 | SH |  | DFND | 2 | 148010 | 0 | 0 |
| FOX CORP | CL. B | 35137L204 |  | 12138208 | 186943 | SH |  | DFND | 1 | 186943 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604301 |  | 10740387 | 34868 | SH |  | DFND | 1 | 34868 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604301 |  | 9054527 | 29394 | SH |  | DFND | 2 | 29394 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4381815 | 35700 | SH |  | DFND | 1 | 35700 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 5757610 | 46909 | SH |  | DFND | 2 | 46909 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1129515 | 1285 | SH |  | DFND | 1 | 1285 | 0 | 0 |
| GRAB HOLDINGS LIMITED | COM | G4124C109 |  | 1206132 | 241710 | SH |  | DFND | 1 | 241710 | 0 | 0 |
| HARTFORD FINANCIAL SERVICES | COM | 416515104 |  | 15301310 | 111040 | SH |  | DFND | 1 | 111040 | 0 | 0 |
| HARTFORD FINANCIAL SERVICES | COM | 416515104 |  | 2651160 | 19235 | SH |  | DFND | 2 | 19235 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS | COM | 43300A203 |  | 1682423 | 5857 | SH |  | DFND | 1 | 5857 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 3163969 | 12846 | SH |  | DFND | 1 | 12846 | 0 | 0 |
| INTERACTIVE BROKERS GROUP | COM | 45841N107 |  | 2537929 | 39464 | SH |  | DFND | 1 | 39464 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | COM | 459200101 |  | 13296269 | 44888 | SH |  | DFND | 1 | 44888 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | COM | 459200101 |  | 6869366 | 23194 | SH |  | DFND | 2 | 23194 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 9892576 | 14934 | SH |  | DFND | 1 | 14934 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 9374143 | 14152 | SH |  | DFND | 2 | 14152 | 0 | 0 |
| JACOBS ENGINEERING GROUP INC | COM | 46982L108 |  | 2161349 | 16317 | SH |  | DFND | 1 | 16317 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 8962795 | 43309 | SH |  | DFND | 1 | 43309 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10643131 | 51431 | SH |  | DFND | 2 | 51431 | 0 | 0 |
| JOHNSON CONTROLS INTL PLC | COM | G51502105 |  | 2360392 | 19711 | SH |  | DFND | 1 | 19711 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 10274948 | 31888 | SH |  | DFND | 1 | 31888 | 0 | 0 |
| KEURIG GREEN MOUNTAIN INC | COM | 49271V100 |  | 4464037 | 159373 | SH |  | DFND | 1 | 159373 | 0 | 0 |
| KLA-TENCOR CORP | COM | 482480100 |  | 11166582 | 9190 | SH |  | DFND | 1 | 9190 | 0 | 0 |
| KLA-TENCOR CORP | COM | 482480100 |  | 11574781 | 9529 | SH |  | DFND | 2 | 9529 | 0 | 0 |
| LABORATORY CP OF AMER HLDGS | COM | 504922105 |  | 3388636 | 13507 | SH |  | DFND | 1 | 13507 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807306 |  | 14045316 | 82050 | SH |  | DFND | 1 | 82050 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807306 |  | 14489971 | 84702 | SH |  | DFND | 2 | 84702 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 1326338 | 20377 | SH |  | DFND | 1 | 20377 | 0 | 0 |
| LILLY (ELI)  CO | COM | 532457108 |  | 3015552 | 2806 | SH |  | DFND | 1 | 2806 | 0 | 0 |
| MANULIFE FINANCIAL CORP | COM | 56501R106 |  | 17702867 | 355194 | SH |  | DFND | 1 | 355194 | 0 | 0 |
| MANULIFE FINANCIAL CORP | COM | 56501R106 |  | 3940228 | 79010 | SH |  | DFND | 2 | 79010 | 0 | 0 |
| MARSH  MCLENNAN COS | COM | 571748102 |  | 1871711 | 10089 | SH |  | DFND | 1 | 10089 | 0 | 0 |
| MASTERCARD INC | CL. A | 57636Q104 |  | 27349714 | 47908 | SH |  | DFND | 1 | 47908 | 0 | 0 |
| MASTERCARD INC | CL. A | 57636Q104 |  | 23802687 | 41694 | SH |  | DFND | 2 | 41694 | 0 | 0 |
| MCDONALD'S CORP | COM | 580135101 |  | 3329531 | 10894 | SH |  | DFND | 1 | 10894 | 0 | 0 |
| MEDTRONIC PLC | COM | G5960L103 |  | 10392631 | 108189 | SH |  | DFND | 1 | 108189 | 0 | 0 |
| MEDTRONIC PLC | COM | G5960L103 |  | 2761338 | 28737 | SH |  | DFND | 2 | 28737 | 0 | 0 |
| MERCK  CO | COM | 58933Y105 |  | 11475234 | 109018 | SH |  | DFND | 1 | 109018 | 0 | 0 |
| META PLATFORMS INC | CL. A | 30303M102 |  | 23179057 | 35115 | SH |  | DFND | 1 | 35115 | 0 | 0 |
| META PLATFORMS INC | CL. A | 30303M102 |  | 19131111 | 28994 | SH |  | DFND | 2 | 28994 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 3626187 | 45936 | SH |  | DFND | 1 | 45936 | 0 | 0 |
| METTLER-TOLEDO INTL INC | COM | 592688105 |  | 1095833 | 786 | SH |  | DFND | 1 | 786 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 16199870 | 56760 | SH |  | DFND | 1 | 56760 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 41040473 | 84861 | SH |  | DFND | 1 | 84861 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 25957713 | 53676 | SH |  | DFND | 2 | 53676 | 0 | 0 |
| MID-AMERICA APT CMNTYS INC | COM | 59522J103 |  | 774006 | 5572 | SH |  | DFND | 1 | 5572 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 678912 | 8855 | SH |  | DFND | 1 | 8855 | 0 | 0 |
| MONSTER BEVERAGE CORP | COM | 61174X109 |  | 2560115 | 33387 | SH |  | DFND | 2 | 33387 | 0 | 0 |
| MOODY'S CORP | COM | 615369105 |  | 5338382 | 10450 | SH |  | DFND | 1 | 10450 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 999138 | 5628 | SH |  | DFND | 1 | 5628 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM | 620076307 |  | 2417982 | 6308 | SH |  | DFND | 1 | 6308 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 748192 | 7703 | SH |  | DFND | 1 | 7703 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 14919350 | 139316 | SH |  | DFND | 1 | 139316 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1803942 | 19240 | SH |  | DFND | 1 | 19240 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 2543028 | 10577 | SH |  | DFND | 1 | 10577 | 0 | 0 |
| NUTANIX INC | COM | 67059N108 |  | 713218 | 13798 | SH |  | DFND | 1 | 13798 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 41635563 | 223247 | SH |  | DFND | 1 | 223247 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 18254760 | 97886 | SH |  | DFND | 2 | 97886 | 0 | 0 |
| NXP SEMICONDUCTORS NV | COM | N6596X109 |  | 9307315 | 42879 | SH |  | DFND | 1 | 42879 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1659853 | 8516 | SH |  | DFND | 1 | 8516 | 0 | 0 |
| O'REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 3193443 | 35012 | SH |  | DFND | 1 | 35012 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3638894 | 4140 | SH |  | DFND | 1 | 4140 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 7595593 | 67709 | SH |  | DFND | 1 | 67709 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 4034194 | 35965 | SH |  | DFND | 2 | 35965 | 0 | 0 |
| PDD HOLDINGS INC | CL. A | 722304102 |  | 3175713 | 28007 | SH |  | DFND | 1 | 28007 | 0 | 0 |
| PENTAIR PLC | COM | G7S00T104 |  | 2236614 | 21477 | SH |  | DFND | 1 | 21477 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3630194 | 25294 | SH |  | DFND | 1 | 25294 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 14284731 | 573684 | SH |  | DFND | 1 | 573684 | 0 | 0 |
| PINTEREST INC | COM | 72352L106 |  | 5728317 | 221256 | SH |  | DFND | 1 | 221256 | 0 | 0 |
| PPG INDUSTRIES INC | COM | 693506107 |  | 2176660 | 21244 | SH |  | DFND | 1 | 21244 | 0 | 0 |
| PRAXAIR INC | COM | G54950103 |  | 13268642 | 31112 | SH |  | DFND | 1 | 31112 | 0 | 0 |
| PRAXAIR INC | COM | G54950103 |  | 11716498 | 27499 | SH |  | DFND | 2 | 27499 | 0 | 0 |
| PRINCIPAL FINANCIAL GRP INC | COM | 74251V102 |  | 2265056 | 25678 | SH |  | DFND | 1 | 25678 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 5488343 | 38297 | SH |  | DFND | 1 | 38297 | 0 | 0 |
| PROGRESSIVE CORP-OHIO | COM | 743315103 |  | 1793750 | 7877 | SH |  | DFND | 1 | 7877 | 0 | 0 |
| PUBLIC SERVICE ENTRP GRP INC | COM | 744573106 |  | 12966763 | 161479 | SH |  | DFND | 1 | 161479 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 8924533 | 52175 | SH |  | DFND | 1 | 52175 | 0 | 0 |
| QUINTILES IMS HOLDINGS INC | COM | 46266C105 |  | 1229386 | 5454 | SH |  | DFND | 1 | 5454 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 431624 | 7657 | SH |  | DFND | 1 | 7657 | 0 | 0 |
| REPUBLIC SERVICES INC | COM | 760759100 |  | 13125246 | 61932 | SH |  | DFND | 1 | 61932 | 0 | 0 |
| REPUBLIC SERVICES INC | COM | 760759100 |  | 14878570 | 70225 | SH |  | DFND | 2 | 70225 | 0 | 0 |
| ROYAL BANK OF CANADA | COM | 780087102 |  | 12691616 | 54240 | SH |  | DFND | 1 | 54240 | 0 | 0 |
| ROYAL BANK OF CANADA | COM | 780087102 |  | 29020595 | 123808 | SH |  | DFND | 2 | 123808 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1945602 | 3723 | SH |  | DFND | 1 | 3723 | 0 | 0 |
| SALESFORCE.COM INC | COM | 79466L302 |  | 1171961 | 4424 | SH |  | DFND | 1 | 4424 | 0 | 0 |
| SEMPRA ENERGY | COM | 816851109 |  | 5198073 | 58875 | SH |  | DFND | 1 | 58875 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1109861 | 7245 | SH |  | DFND | 1 | 7245 | 0 | 0 |
| SHERWIN-WILLIAMS CO | COM | 824348106 |  | 2155123 | 6651 | SH |  | DFND | 1 | 6651 | 0 | 0 |
| SIMON PROPERTY GROUP INC | COM | 828806109 |  | 13811054 | 74610 | SH |  | DFND | 1 | 74610 | 0 | 0 |
| SIMON PROPERTY GROUP INC | COM | 828806109 |  | 8132946 | 43931 | SH |  | DFND | 2 | 43931 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 10645394 | 121773 | SH |  | DFND | 1 | 121773 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1125054 | 3201 | SH |  | DFND | 1 | 3201 | 0 | 0 |
| SUN LIFE FINANCIAL INC | COM | 866796105 |  | 5136172 | 59946 | SH |  | DFND | 1 | 59946 | 0 | 0 |
| SUN LIFE FINANCIAL INC | COM | 866796105 |  | 9466896 | 110414 | SH |  | DFND | 2 | 110414 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1835376 | 21999 | SH |  | DFND | 1 | 21999 | 0 | 0 |
| TE CONNECTIVITY LTD | COM | G87052109 |  | 6840539 | 30067 | SH |  | DFND | 1 | 30067 | 0 | 0 |
| TE CONNECTIVITY LTD | COM | G87052109 |  | 5818933 | 25562 | SH |  | DFND | 2 | 25562 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 5941250 | 13211 | SH |  | DFND | 1 | 13211 | 0 | 0 |
| TJX COMPANIES INC | COM | 872540109 |  | 24869148 | 161898 | SH |  | DFND | 1 | 161898 | 0 | 0 |
| TJX COMPANIES INC | COM | 872540109 |  | 19674625 | 128065 | SH |  | DFND | 2 | 128065 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 7734198 | 38092 | SH |  | DFND | 1 | 38092 | 0 | 0 |
| TORONTO DOMINION BANK | COM | 891160509 |  | 3573698 | 27626 | SH |  | DFND | 1 | 27626 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 15271816 | 39239 | SH |  | DFND | 1 | 39239 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 17479498 | 44871 | SH |  | DFND | 2 | 44871 | 0 | 0 |
| TRAVELERS COS INC | COM | 89417E109 |  | 1456681 | 5022 | SH |  | DFND | 1 | 5022 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 945573 | 25779 | SH |  | DFND | 1 | 25779 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 6870381 | 28279 | SH |  | DFND | 1 | 28279 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 6765908 | 27857 | SH |  | DFND | 2 | 27857 | 0 | 0 |
| VERTIV HOLDINGS CO | COM | 92537N108 |  | 880686 | 5436 | SH |  | DFND | 1 | 5436 | 0 | 0 |
| VISA INC | CL. A | 92826C839 |  | 27200364 | 77558 | SH |  | DFND | 1 | 77558 | 0 | 0 |
| VISA INC | CL. A | 92826C839 |  | 25178431 | 71760 | SH |  | DFND | 2 | 71760 | 0 | 0 |
| W P CAREY INC | COM | 92936U109 |  | 4702331 | 73063 | SH |  | DFND | 1 | 73063 | 0 | 0 |
| W P CAREY INC | COM | 92936U109 |  | 3329280 | 51721 | SH |  | DFND | 2 | 51721 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 3586607 | 32190 | SH |  | DFND | 1 | 32190 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 7207190 | 64743 | SH |  | DFND | 2 | 64743 | 0 | 0 |
| ZOETIS INC | CL. A | 98978V103 |  | 2020165 | 16056 | SH |  | DFND | 1 | 16056 | 0 | 0 |
| ZOOM VIDEO COMUNICATIONS INC | CL. A | 98980L101 |  | 7213757 | 83599 | SH |  | DFND | 1 | 83599 | 0 | 0 |

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