# EDGAR Filing Document

**Accession Number:** 0001600435
**File Stem:** 0001376474-26-000366
**Filing Date:** 2026-5
**Character Count:** 24695
**Document Hash:** a19d7275a1afff64c70e8af1dc0e8284
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376474-26-000366.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001376474-26-000366

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18951
- **FILM NUMBER:** 26968186

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

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

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

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

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

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

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

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

/s/ Greg Brittain  Englewood, CO  05-12-2026<br>[Signature]  [City, State]  [Date]

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

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 3

**Form 13F Information Table Entry Total:** 211

**Form 13F Information Table Value Total:** $377422424

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                             | Form 13F File Number   |
|:---|:---|:---|
|  | Wakefield Asset Management Corp  | 028-19415              |
|  | Wakefield Wealth Management LLLP | 028-19414              |
|  | Gervasini Geoffrey Todd          | 028-19416              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 214215 | 1475 | SH |  | DFND |  | 1475 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1701207 | 7822 | SH |  | DFND |  | 7822 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 238147 | 1201 | SH |  | DFND |  | 1201 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 251102 | 1033 | SH |  | DFND |  | 1033 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 4437636 | 32349 | SH |  | DFND |  | 32349 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2025749 | 44211 | SH |  | DFND |  | 44211 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 4443514 | 66991 | SH |  | DFND |  | 66991 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 2076754 | 10013 | SH |  | DFND |  | 10013 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4590608 | 15964 | SH |  | DFND |  | 15964 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 957826 | 3339 | SH |  | DFND |  | 3339 | 0 | 0 |
| ALPINE INCOME PPTY TR INC | COM | 02083X103 |  | 1147068 | 63726 | SH |  | DFND |  | 63726 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 1457655 | 27691 | SH |  | DFND |  | 27691 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 504275 | 7641 | SH |  | DFND |  | 7641 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1943993 | 9334 | SH |  | DFND |  | 9334 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 3516778 | 106828 | SH |  | DFND |  | 106828 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 706515 | 2008 | SH |  | DFND |  | 2008 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 4279935 | 33869 | SH |  | DFND |  | 33869 | 0 | 0 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 1082599 | 14078 | SH |  | DFND |  | 14078 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 3498609 | 165043 | SH |  | DFND |  | 165043 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1843958 | 5395 | SH |  | DFND |  | 5395 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1482341 | 42596 | SH |  | DFND |  | 42596 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 338259 | 2755 | SH |  | DFND |  | 2755 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 528332 | 400 | SH |  | DFND |  | 400 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 746952 | 17493 | SH |  | DFND |  | 17493 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 4182800 | 22644 | SH |  | DFND |  | 22644 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 1459209 | 17149 | SH |  | DFND |  | 17149 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 1266942 | 10125 | SH |  | DFND |  | 10125 | 0 | 0 |
| BLACK ROCK COFFEE BAR INC | CL A | 092244102 |  | 939207 | 72694 | SH |  | DFND |  | 72694 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 |  | 3651454 | 323583 | SH |  | DFND |  | 323583 | 0 | 0 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 |  | 1113557 | 101378 | SH |  | DFND |  | 101378 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 541960 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 1251937 | 16717 | SH |  | DFND |  | 16717 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 1081626 | 7576 | SH |  | DFND |  | 7576 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2507817 | 41349 | SH |  | DFND |  | 41349 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 446623 | 1443 | SH |  | DFND |  | 1443 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 629282 | 2978 | SH |  | DFND |  | 2978 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 1240785 | 3148 | SH |  | DFND |  | 3148 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 1290863 | 52135 | SH |  | DFND |  | 52135 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 389653 | 550 | SH |  | DFND |  | 550 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 3667683 | 13049 | SH |  | DFND |  | 13049 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 3233825 | 91145 | SH |  | DFND |  | 91145 | 0 | 0 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 543251 | 4184 | SH |  | DFND |  | 4184 | 0 | 0 |
| CIMPRESS PLC | SHS EURO | G2143T103 |  | 1201799 | 16463 | SH |  | DFND |  | 16463 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 417512 | 5381 | SH |  | DFND |  | 5381 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 483784 | 1638 | SH |  | DFND |  | 1638 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 1542193 | 40005 | SH |  | DFND |  | 40005 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 4098642 | 17206 | SH |  | DFND |  | 17206 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 350033 | 12192 | SH |  | DFND |  | 12192 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 2342905 | 1699 | SH |  | DFND |  | 1699 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 479688 | 3634 | SH |  | DFND |  | 3634 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 4754919 | 42012 | SH |  | DFND |  | 42012 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 573250 | 4216 | SH |  | DFND |  | 4216 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1416018 | 3627 | SH |  | DFND |  | 3627 | 0 | 0 |
| CURBLINE PPTYS CORP | COM | 23128Q101 |  | 1160009 | 44979 | SH |  | DFND |  | 44979 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 1169420 | 16848 | SH |  | DFND |  | 16848 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 590250 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 582334 | 3548 | SH |  | DFND |  | 3548 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 1275289 | 2229 | SH |  | DFND |  | 2229 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DAILY AAPL BR 1X | 25461A304 |  | 993980 | 71202 | SH |  | DFND |  | 71202 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DAILY MAGNIFICEN | 25461A668 |  | 1022809 | 69390 | SH |  | DFND |  | 69390 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DAILY ORCL BEAR | 25461H788 |  | 1049832 | 30747 | SH |  | DFND |  | 30747 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DLY META BEAR 1X | 25461A106 |  | 824636 | 46537 | SH |  | DFND |  | 46537 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DLY MSFT BEAR 1X | 25461A403 |  | 1038433 | 70450 | SH |  | DFND |  | 70450 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DLY NVDA BEAR 1X | 25461A197 |  | 418175 | 10392 | SH |  | DFND |  | 10392 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DLY TSLA BEAR 1X | 25461H564 |  | 422995 | 7016 | SH |  | DFND |  | 7016 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 658471 | 1841 | SH |  | DFND |  | 1841 | 0 | 0 |
| EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 |  | 1187118 | 69341 | SH |  | DFND |  | 69341 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1171000 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| ENCORE CAP GROUP INC | COM | 292554102 |  | 1605748 | 22900 | SH |  | DFND |  | 22900 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 1162268 | 75374 | SH |  | DFND |  | 75374 | 0 | 0 |
| EVERTEC INC | COM | 30040P103 |  | 1126091 | 39904 | SH |  | DFND |  | 39904 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 541917 | 11055 | SH |  | DFND |  | 11055 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 4174723 | 18081 | SH |  | DFND |  | 18081 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 407693 | 2403 | SH |  | DFND |  | 2403 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 223116 | 209 | SH |  | DFND |  | 209 | 0 | 0 |
| FIGS INC | CL A | 30260D103 |  | 1150569 | 77899 | SH |  | DFND |  | 77899 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 4141019 | 181858 | SH |  | DFND |  | 181858 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDQ FOD BVRG | 33738R852 |  | 708331 | 31998 | SH |  | DFND |  | 31998 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 493187 | 6709 | SH |  | DFND |  | 6709 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 483113 | 20452 | SH |  | DFND |  | 20452 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 506246 | 2182 | SH |  | DFND |  | 2182 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 4300959 | 30860 | SH |  | DFND |  | 30860 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 4633200 | 49500 | SH |  | DFND |  | 49500 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 1168543 | 7558 | SH |  | DFND |  | 7558 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 547167 | 2632 | SH |  | DFND |  | 2632 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 322319 | 1426 | SH |  | DFND |  | 1426 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 857243 | 6724 | SH |  | DFND |  | 6724 | 0 | 0 |
| ICHOR HOLDINGS | SHS | G4740B105 |  | 1276928 | 27396 | SH |  | DFND |  | 27396 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 232084 | 1106 | SH |  | DFND |  | 1106 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 843560 | 30877 | SH |  | DFND |  | 30877 | 0 | 0 |
| INVESCO DB US DLR INDEX TR | BULLISH FD | 46141D203 |  | 1366943 | 49206 | SH |  | DFND |  | 49206 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 4647151 | 24214 | SH |  | DFND |  | 24214 | 0 | 0 |
| INVESCO MUN OPPORTUNIT TR | COM | 46132C107 |  | 1971842 | 207344 | SH |  | DFND |  | 207344 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1953926 | 50857 | SH |  | DFND |  | 50857 | 0 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 490984 | 31016 | SH |  | DFND |  | 31016 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 11201127 | 160590 | SH |  | DFND |  | 160590 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 4132865 | 75431 | SH |  | DFND |  | 75431 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 651338 | 5295 | SH |  | DFND |  | 5295 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 651852 | 17694 | SH |  | DFND |  | 17694 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4242802 | 46866 | SH |  | DFND |  | 46866 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 16297775 | 146339 | SH |  | DFND |  | 146339 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 16969719 | 228241 | SH |  | DFND |  | 228241 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1185165 | 11165 | SH |  | DFND |  | 11165 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1822552 | 7349 | SH |  | DFND |  | 7349 | 0 | 0 |
| ISHARES TR | US TELECOM ETF | 464287713 |  | 286250 | 7280 | SH |  | DFND |  | 7280 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 1126560 | 12569 | SH |  | DFND |  | 12569 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 5876141 | 19976 | SH |  | DFND |  | 19976 | 0 | 0 |
| KADANT INC | COM | 48282T104 |  | 1081403 | 3699 | SH |  | DFND |  | 3699 | 0 | 0 |
| KENNAMETAL INC | COM | 489170100 |  | 1103158 | 30533 | SH |  | DFND |  | 30533 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 224969 | 2332 | SH |  | DFND |  | 2332 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 4397485 | 20580 | SH |  | DFND |  | 20580 | 0 | 0 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 1549559 | 14194 | SH |  | DFND |  | 14194 | 0 | 0 |
| LENDINGCLUB ISSUANCE TR SER | COM NEW | 52603A208 |  | 1081032 | 75491 | SH |  | DFND |  | 75491 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 502653 | 2018 | SH |  | DFND |  | 2018 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 223020 | 369 | SH |  | DFND |  | 369 | 0 | 0 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 311235 | 2338 | SH |  | DFND |  | 2338 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 5833461 | 23890 | SH |  | DFND |  | 23890 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 303521 | 928 | SH |  | DFND |  | 928 | 0 | 0 |
| MERCANTILE BK CORP | COM | 587376104 |  | 1152915 | 22830 | SH |  | DFND |  | 22830 | 0 | 0 |
| MERCHANTS BANCORP IND | COM | 58844R108 |  | 1267298 | 29530 | SH |  | DFND |  | 29530 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1002136 | 8331 | SH |  | DFND |  | 8331 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1675769 | 2929 | SH |  | DFND |  | 2929 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1243402 | 3359 | SH |  | DFND |  | 3359 | 0 | 0 |
| MONARCH CASINO  RESORT INC | COM | 609027107 |  | 1157430 | 12107 | SH |  | DFND |  | 12107 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 3842772 | 53033 | SH |  | DFND |  | 53033 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2873064 | 17458 | SH |  | DFND |  | 17458 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 1124616 | 40910 | SH |  | DFND |  | 40910 | 0 | 0 |
| MYR GROUP INC | COM | 55405W104 |  | 1338480 | 4741 | SH |  | DFND |  | 4741 | 0 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 1162574 | 44887 | SH |  | DFND |  | 44887 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 1576860 | 16400 | SH |  | DFND |  | 16400 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4754340 | 43920 | SH |  | DFND |  | 43920 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 579904 | 850 | SH |  | DFND |  | 850 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 2013873 | 179250 | SH |  | DFND |  | 179250 | 0 | 0 |
| NUVEEN MUN CR INCOME FD | COM SH BEN INT | 67070X101 |  | 1996278 | 163819 | SH |  | DFND |  | 163819 | 0 | 0 |
| NUVEEN MUN CR OPPORTUNITIES | COM | 670663103 |  | 1056700 | 99829 | SH |  | DFND |  | 99829 | 0 | 0 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 1057422 | 101823 | SH |  | DFND |  | 101823 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 1998135 | 173673 | SH |  | DFND |  | 173673 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6162773 | 35337 | SH |  | DFND |  | 35337 | 0 | 0 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 |  | 1288973 | 16555 | SH |  | DFND |  | 16555 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 301787 | 1533 | SH |  | DFND |  | 1533 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 247950 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 443902 | 5894 | SH |  | DFND |  | 5894 | 0 | 0 |
| OSI SYSTEMS INC | COM | 671044105 |  | 1348791 | 5080 | SH |  | DFND |  | 5080 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 732132 | 5005 | SH |  | DFND |  | 5005 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 233106 | 1454 | SH |  | DFND |  | 1454 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 1203604 | 10072 | SH |  | DFND |  | 10072 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 1718779 | 27439 | SH |  | DFND |  | 27439 | 0 | 0 |
| PAYMENTUS HOLDINGS INC | COM CL A | 70439P108 |  | 754609 | 29709 | SH |  | DFND |  | 29709 | 0 | 0 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1144986 | 53529 | SH |  | DFND |  | 53529 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 974911 | 6278 | SH |  | DFND |  | 6278 | 0 | 0 |
| PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 |  | 1677663 | 30332 | SH |  | DFND |  | 30332 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 662990 | 4008 | SH |  | DFND |  | 4008 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 467839 | 2568 | SH |  | DFND |  | 2568 | 0 | 0 |
| PIMCO MUN INCOME FD II | COM | 72200W106 |  | 1768286 | 233500 | SH |  | DFND |  | 233500 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 588179 | 2967 | SH |  | DFND |  | 2967 | 0 | 0 |
| PROSHARES TR | SHORT FINANCIALS | 74349Y761 |  | 680120 | 19980 | SH |  | DFND |  | 19980 | 0 | 0 |
| QUINSTREET INC | COM | 74874Q100 |  | 1316873 | 109648 | SH |  | DFND |  | 109648 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 518745 | 1508 | SH |  | DFND |  | 1508 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 4864726 | 8957 | SH |  | DFND |  | 8957 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 3078519 | 13714 | SH |  | DFND |  | 13714 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 678723 | 9184 | SH |  | DFND |  | 9184 | 0 | 0 |
| REVOLVE GROUP INC | CL A | 76156B107 |  | 1009627 | 44654 | SH |  | DFND |  | 44654 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 294006 | 1575 | SH |  | DFND |  | 1575 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 5503573 | 167028 | SH |  | DFND |  | 167028 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 |  | 4993075 | 215033 | SH |  | DFND |  | 215033 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 849825 | 39545 | SH |  | DFND |  | 39545 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 698813 | 15228 | SH |  | DFND |  | 15228 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 2456797 | 106447 | SH |  | DFND |  | 106447 | 0 | 0 |
| SKYWARD SPECIALTY INS GROUP | COM | 830940102 |  | 914310 | 20932 | SH |  | DFND |  | 20932 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 989469 | 10775 | SH |  | DFND |  | 10775 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 378813 | 7074 | SH |  | DFND |  | 7074 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 565877 | 3752 | SH |  | DFND |  | 3752 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A540 |  | 289613 | 1540 | SH |  | DFND |  | 1540 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 440756 | 2424 | SH |  | DFND |  | 2424 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R739 |  | 779390 | 16295 | SH |  | DFND |  | 16295 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 2641060 | 74522 | SH |  | DFND |  | 74522 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL PLATINU | 85207Q104 |  | 1015662 | 65400 | SH |  | DFND |  | 65400 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 |  | 1133331 | 46467 | SH |  | DFND |  | 46467 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 3596360 | 90520 | SH |  | DFND |  | 90520 | 0 | 0 |
| STANDARD MTR PRODS INC | COM | 853666105 |  | 1306537 | 37609 | SH |  | DFND |  | 37609 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 647849 | 1634 | SH |  | DFND |  | 1634 | 0 | 0 |
| TACTILE SYS TECHNOLOGY INC | COM | 87357P100 |  | 1153170 | 44132 | SH |  | DFND |  | 44132 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 2263405 | 16040 | SH |  | DFND |  | 16040 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 660540 | 5450 | SH |  | DFND |  | 5450 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 5564881 | 80495 | SH |  | DFND |  | 80495 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 3941964 | 20889 | SH |  | DFND |  | 20889 | 0 | 0 |
| TEUCRIUM COMMODITY TR | CORN FD SHS | 88166A102 |  | 494537 | 26877 | SH |  | DFND |  | 26877 | 0 | 0 |
| TEUCRIUM COMMODITY TR | WHEAT FD | 88166A870 |  | 516749 | 21924 | SH |  | DFND |  | 21924 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 300335 | 1547 | SH |  | DFND |  | 1547 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4628732 | 11107 | SH |  | DFND |  | 11107 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 4134856 | 14176 | SH |  | DFND |  | 14176 | 0 | 0 |
| TRUSTMARK CORP | COM | 898402102 |  | 1492389 | 35415 | SH |  | DFND |  | 35415 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 1301434 | 13359 | SH |  | DFND |  | 13359 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 345840 | 4808 | SH |  | DFND |  | 4808 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 1093017 | 98470 | SH |  | DFND |  | 98470 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 419214 | 802 | SH |  | DFND |  | 802 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1893858 | 20637 | SH |  | DFND |  | 20637 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2661758 | 4454 | SH |  | DFND |  | 4454 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 871002 | 6297 | SH |  | DFND |  | 6297 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 1936849 | 19336 | SH |  | DFND |  | 19336 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 |  | 853082 | 26485 | SH |  | DFND |  | 26485 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 569786 | 1276 | SH |  | DFND |  | 1276 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 4490895 | 17922 | SH |  | DFND |  | 17922 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 637457 | 23214 | SH |  | DFND |  | 23214 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 544494 | 2754 | SH |  | DFND |  | 2754 | 0 | 0 |
| WESTERN ASSET INFLT LNK INC | COM SH BEN INT | 95766Q106 |  | 2932960 | 362990 | SH |  | DFND |  | 362990 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 1005167 | 118814 | SH |  | DFND |  | 118814 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 3881262 | 14349 | SH |  | DFND |  | 14349 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 267444 | 920 | SH |  | DFND |  | 920 | 0 | 0 |
| WISDOMTREE INC | COM | 97717P104 |  | 1184806 | 81374 | SH |  | DFND |  | 81374 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 2072357 | 5790 | SH |  | DFND |  | 5790 | 0 | 0 |

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