# EDGAR Filing Document

**Accession Number:** 0000884541
**File Stem:** 0000884541-25-000003
**Filing Date:** 2025-11
**Character Count:** 29769
**Document Hash:** d40a2f12e5fdf0514c9dac87b491e643
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000884541-25-000003.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000884541-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRILLIUM ASSET MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0000884541

**ORGANIZATION NAME:**
- **EIN:** 042549211
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03125
- **FILM NUMBER:** 251485276

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 617-423-6655

**MAIL ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRILLIUM ASSET MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 20000519

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN RESEARCH & DEVELOPMENT CORP
- **DATE OF NAME CHANGE:** 19990326

### 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:** TRILLIUM ASSET MANAGEMENT LLC<br>**Address:** 1 CONGRESS STREET SUITE 3101<br>BOSTON, MA 02114

**Form 13F File Number:** 028-03125

**CRD Number (if applicable):** 000110901

**SEC File Number (if applicable):** 801-17958

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:** Yana Karalnik<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-532-6659

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

/s/  Yana Karalnik  Boston, MA  11-14-2025<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:** 233

**Form 13F Information Table Value Total:** $3786158889

      (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   |
|:---|:---|:---|
|  | Perpetual Ltd | 028-18148              |

### 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 | BBG001S5T7X2 | 661000 | 4260 | SH |  | DFND |  | 4260 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 892000 | 6662 | SH |  | DFND |  | 6662 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 618000 | 2667 | SH |  | DFND |  | 2667 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG001SCXK90 | 16415584 | 66564 | SH |  | DFND |  | 65017 | 0 | 1547 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 3064424 | 8687 | SH |  | DFND |  | 8586 | 0 | 101 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 645000 | 3987 | SH |  | DFND |  | 3987 | 0 | 0 |
| AFLAC INC | COM | 001055102 | BBG001S5NGJ4 | 16991170 | 152109 | SH |  | DFND |  | 149368 | 0 | 2741 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 251000 | 1956 | SH |  | DFND |  | 398 | 0 | 1558 |
| AIR PRODS  CHEMS INC | COM | 009158106 | BBG001S5NSB6 | 888000 | 3257 | SH |  | DFND |  | 3257 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 | BBG00NPWGYR0 | 15475031 | 207691 | SH |  | DFND |  | 170503 | 0 | 37188 |
| ALLEGION PLC | ORD SHS | G0176J109 | BBG003PS7JW0 | 5254624 | 29626 | SH |  | DFND |  | 28563 | 0 | 1063 |
| ALLEGRO MICROSYSTEMS INC | COM | 01749D105 | BBG00H5S83B8 | 4863400 | 166544 | SH |  | DFND |  | 160475 | 0 | 6069 |
| ALLSTATE CORP | COM | 020002101 | BBG001S9BM06 | 305000 | 1420 | SH |  | DFND |  | 1420 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 | BBG001S5RLN4 | 19553272 | 498810 | SH |  | DFND |  | 487072 | 0 | 11738 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 178730880 | 735212 | SH |  | DFND |  | 663606 | 0 | 71606 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 3217000 | 13208 | SH |  | DFND |  | 13208 | 0 | 0 |
| ALPS ETF TR | CLEAN ENERGY | 00162Q460 | BBG00L99FDK7 | 319000 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 740000 | 3372 | SH |  | DFND |  | 3372 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 799000 | 2404 | SH |  | DFND |  | 2404 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 18204000 | 94657 | SH |  | DFND |  | 94155 | 0 | 502 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 38372834 | 275686 | SH |  | DFND |  | 254084 | 0 | 21602 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 257000 | 911 | SH |  | DFND |  | 911 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 4287000 | 17447 | SH |  | DFND |  | 5423 | 0 | 12024 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 169591537 | 666030 | SH |  | DFND |  | 596848 | 0 | 69182 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 17141196 | 83717 | SH |  | DFND |  | 81865 | 0 | 1852 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 5287570 | 39557 | SH |  | DFND |  | 38153 | 0 | 1404 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 51036186 | 52716 | SH |  | DFND |  | 48262 | 0 | 4454 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 44184147 | 575918 | SH |  | DFND |  | 533706 | 0 | 42212 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 205000 | 7261 | SH |  | DFND |  | 7261 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG001S5SCD4 | 10587317 | 33327 | SH |  | DFND |  | 33048 | 0 | 279 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 | BBG001S82KF6 | 303000 | 1031 | SH |  | DFND |  | 1031 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 26550212 | 6185 | SH |  | DFND |  | 6079 | 0 | 106 |
| AVERY DENNISON CORP | COM | 053611109 | BBG001S5NZM8 | 11155986 | 68790 | SH |  | DFND |  | 55400 | 0 | 13390 |
| BADGER METER INC | COM | 056525108 | BBG001S5P8Q2 | 3339307 | 18698 | SH |  | DFND |  | 18027 | 0 | 671 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 44812876 | 868634 | SH |  | DFND |  | 753425 | 0 | 115209 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG001S5P6Q6 | 16359000 | 150141 | SH |  | DFND |  | 149060 | 0 | 1081 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 271000 | 1450 | SH |  | DFND |  | 1450 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 970000 | 1929 | SH |  | DFND |  | 1929 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 | BBG00FQ8T4M6 | 6956604 | 74596 | SH |  | DFND |  | 71949 | 0 | 2647 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 430000 | 2516 | SH |  | DFND |  | 2516 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 26520398 | 4908 | SH |  | DFND |  | 4303 | 0 | 605 |
| BORGWARNER INC | COM | 099724106 | BBG001S7F4D2 | 603000 | 13709 | SH |  | DFND |  | 12517 | 0 | 1192 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 17741649 | 181723 | SH |  | DFND |  | 178777 | 0 | 2946 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 | BBG003LFWPT4 | 30335808 | 279411 | SH |  | DFND |  | 255092 | 0 | 24319 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 601000 | 1822 | SH |  | DFND |  | 1822 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 | BBG004S641P3 | 8026189 | 31536 | SH |  | DFND |  | 30401 | 0 | 1135 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG001S65YK1 | 29543136 | 84104 | SH |  | DFND |  | 75035 | 0 | 9069 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 | BBG001S5Q6V9 | 3006605 | 28153 | SH |  | DFND |  | 27145 | 0 | 1008 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1161000 | 2434 | SH |  | DFND |  | 2434 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 | BBG00GBR8762 | 4443840 | 73566 | SH |  | DFND |  | 71601 | 0 | 1965 |
| CBRE GROUP INC | CL A | 12504L109 | BBG001SC2D27 | 281000 | 1784 | SH |  | DFND |  | 1784 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 613000 | 3948 | SH |  | DFND |  | 3948 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 30629468 | 781568 | SH |  | DFND |  | 727398 | 0 | 54170 |
| CHURCH  DWIGHT CO INC | COM | 171340102 | BBG001S5PR99 | 258366 | 2951 | SH |  | DFND |  | 2951 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 5849000 | 85487 | SH |  | DFND |  | 85487 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 12771083 | 174316 | SH |  | DFND |  | 168557 | 0 | 5759 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 329000 | 4110 | SH |  | DFND |  | 4110 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 390000 | 4124 | SH |  | DFND |  | 4124 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 411000 | 5010 | SH |  | DFND |  | 5010 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 56372298 | 60898 | SH |  | DFND |  | 53236 | 0 | 7662 |
| CREDICORP LTD | COM | G2519Y108 | BBG001S8L8P1 | 6845000 | 25706 | SH |  | DFND |  | 25706 | 0 | 0 |
| CUBESMART | COM | 229663109 | BBG001SHP0D7 | 3581362 | 88083 | SH |  | DFND |  | 84929 | 0 | 3154 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 | BBG006Q52QW1 | 14596022 | 30210 | SH |  | DFND |  | 29132 | 0 | 1078 |
| DARDEN RESTAURANTS INC | COM | 237194105 | BBG001S5QM08 | 360000 | 1891 | SH |  | DFND |  | 1891 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 | BBG001SB7RP8 | 2108624 | 68319 | SH |  | DFND |  | 65821 | 0 | 2498 |
| DECKERS OUTDOOR CORP | COM | 243537107 | BBG001S7GXB9 | 18881578 | 186263 | SH |  | DFND |  | 162678 | 0 | 23585 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 8893939 | 19451 | SH |  | DFND |  | 15299 | 0 | 4152 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 750000 | 6549 | SH |  | DFND |  | 6261 | 0 | 288 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG001SL3ZH1 | 7454064 | 17267 | SH |  | DFND |  | 16640 | 0 | 627 |
| DONALDSON INC | COM | 257651109 | BBG001S5QDV4 | 312000 | 3814 | SH |  | DFND |  | 3814 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 | BBG00PNN7CW9 | 8101290 | 167215 | SH |  | DFND |  | 161265 | 0 | 5950 |
| E L F BEAUTY INC | COM | 26856L103 | BBG00DQ6VYQ2 | 5479677 | 41359 | SH |  | DFND |  | 39846 | 0 | 1513 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG001SCC7R2 | 22799109 | 214178 | SH |  | DFND |  | 168643 | 0 | 45535 |
| EASTGROUP PPTYS INC | COM | 277276101 | BBG001S5QT03 | 5620756 | 33206 | SH |  | DFND |  | 32021 | 0 | 1185 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 50822805 | 135795 | SH |  | DFND |  | 121602 | 0 | 14193 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 57404273 | 209609 | SH |  | DFND |  | 198065 | 0 | 11544 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | BBG001S6KBQ8 | 9511281 | 29436 | SH |  | DFND |  | 24999 | 0 | 4437 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 339000 | 444 | SH |  | DFND |  | 444 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 394000 | 3005 | SH |  | DFND |  | 3005 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 | BBG001S5Q5B3 | 26159099 | 205941 | SH |  | DFND |  | 202825 | 0 | 3116 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 20737258 | 26474 | SH |  | DFND |  | 23449 | 0 | 3025 |
| ETSY INC | COM | 29786A106 | BBG001T53625 | 4859046 | 73192 | SH |  | DFND |  | 70557 | 0 | 2635 |
| EXACT SCIENCES CORP | COM | 30063P105 | BBG001SGCLB9 | 2854173 | 52169 | SH |  | DFND |  | 50315 | 0 | 1854 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 495000 | 4394 | SH |  | DFND |  | 4394 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 | BBG001S5RC36 | 3839109 | 37891 | SH |  | DFND |  | 36540 | 0 | 1351 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD786 | 32902881 | 146646 | SH |  | DFND |  | 128781 | 0 | 17865 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 24264500 | 544655 | SH |  | DFND |  | 533210 | 0 | 11445 |
| FIRST SOLAR INC | COM | 336433107 | BBG001S991Z7 | 38000542 | 172312 | SH |  | DFND |  | 155171 | 0 | 17141 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 1638000 | 12708 | SH |  | DFND |  | 1696 | 0 | 11012 |
| FRESHPET INC | COM | 358039105 | BBG001V04FM0 | 2461826 | 44670 | SH |  | DFND |  | 43040 | 0 | 1630 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG001S5NKC2 | 14812954 | 47820 | SH |  | DFND |  | 37162 | 0 | 10658 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 1014000 | 3372 | SH |  | DFND |  | 3372 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 438000 | 713 | SH |  | DFND |  | 713 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 371000 | 7364 | SH |  | DFND |  | 7364 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 10944000 | 98595 | SH |  | DFND |  | 66551 | 0 | 32044 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 252000 | 264 | SH |  | DFND |  | 264 | 0 | 0 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 | BBG0044K5DN3 | 5994000 | 195228 | SH |  | DFND |  | 193698 | 0 | 1530 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG001S8KZF3 | 6856651 | 37749 | SH |  | DFND |  | 36406 | 0 | 1343 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | BBG001S8PXF3 | 293000 | 2197 | SH |  | DFND |  | 2197 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG001SJB7J7 | 6947000 | 203366 | SH |  | DFND |  | 203366 | 0 | 0 |
| HENRY JACK  ASSOC INC | COM | 426281101 | BBG001S5SHB5 | 5158682 | 34638 | SH |  | DFND |  | 33402 | 0 | 1236 |
| HEXCEL CORP NEW | COM | 428291108 | BBG001S5S2J0 | 5662158 | 90312 | SH |  | DFND |  | 87178 | 0 | 3134 |
| HOLOGIC INC | COM | 436440101 | BBG001S6HWB2 | 451000 | 6683 | SH |  | DFND |  | 6083 | 0 | 600 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 32288357 | 79684 | SH |  | DFND |  | 68585 | 0 | 11099 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 258000 | 600 | SH |  | DFND |  | 600 | 0 | 0 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 554000 | 2131 | SH |  | DFND |  | 1190 | 0 | 941 |
| HUNT J B TRANS SVCS INC | COM | 445658107 | BBG001S5SFY4 | 18737614 | 139655 | SH |  | DFND |  | 136720 | 0 | 2935 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 6248707 | 35706 | SH |  | DFND |  | 34414 | 0 | 1292 |
| INGEVITY CORP | COM | 45688C107 | BBG009LM2988 | 6017805 | 109034 | SH |  | DFND |  | 105153 | 0 | 3881 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 202000 | 6018 | SH |  | DFND |  | 6018 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 44952771 | 266814 | SH |  | DFND |  | 245627 | 0 | 21187 |
| INTERCONTINENTAL HOTELS GROU | SPONSORED ADS | 45857P806 | BBG001SJPM63 | 6646025 | 54808 | SH |  | DFND |  | 52472 | 0 | 2336 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 709000 | 2511 | SH |  | DFND |  | 2511 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 | BBG001S5S5F7 | 10309722 | 167530 | SH |  | DFND |  | 163936 | 0 | 3594 |
| INTUIT | COM | 461202103 | BBG001S6TWR2 | 38301062 | 56081 | SH |  | DFND |  | 50258 | 0 | 5823 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 10317100 | 23066 | SH |  | DFND |  | 19299 | 0 | 3767 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 1053798 | 5548 | SH |  | DFND |  | 4757 | 0 | 791 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 | BBG001SRYH02 | 9845652 | 78173 | SH |  | DFND |  | 78173 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 | BBG001SN86J4 | 495000 | 3648 | SH |  | DFND |  | 3648 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 510000 | 2106 | SH |  | DFND |  | 2106 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 | BBG001SFGXR4 | 231000 | 3940 | SH |  | DFND |  | 3940 | 0 | 0 |
| ITRON INC | COM | 465741106 | BBG001S6DJQ9 | 223000 | 1794 | SH |  | DFND |  | 1794 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 2294000 | 12371 | SH |  | DFND |  | 12371 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG001SCLGS1 | 35975848 | 120606 | SH |  | DFND |  | 108900 | 0 | 11706 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 3302000 | 10467 | SH |  | DFND |  | 10467 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | BBG001S8KJC2 | 3173628 | 25926 | SH |  | DFND |  | 24977 | 0 | 949 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 12490041 | 215045 | SH |  | DFND |  | 211237 | 0 | 3808 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 | BBG01HLMBDC5 | 263000 | 2519 | SH |  | DFND |  | 2519 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 | BBG001S5TV87 | 10014125 | 42462 | SH |  | DFND |  | 40928 | 0 | 1534 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 27307146 | 57486 | SH |  | DFND |  | 56389 | 0 | 1097 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 398000 | 1585 | SH |  | DFND |  | 1585 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 | BBG001T5GK39 | 21071075 | 63335 | SH |  | DFND |  | 62473 | 0 | 862 |
| LULULEMON ATHLETICA INC | COM | 550021109 | BBG001STBM75 | 18219855 | 102396 | SH |  | DFND |  | 94102 | 0 | 8294 |
| MANAGER DIRECTED PORTFOLIOS | VERT GLB SUST RE | 56170L695 | BBG01KDX7TH8 | 251000 | 23566 | SH |  | DFND |  | 23566 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG001S78K44 | 17440120 | 66959 | SH |  | DFND |  | 56841 | 0 | 10118 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 86106767 | 151376 | SH |  | DFND |  | 134577 | 0 | 16799 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 | BBG001S79S19 | 33438791 | 499760 | SH |  | DFND |  | 469793 | 0 | 29967 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 407000 | 1338 | SH |  | DFND |  | 1338 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 40265196 | 17227 | SH |  | DFND |  | 15833 | 0 | 1394 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 8831168 | 105227 | SH |  | DFND |  | 104012 | 0 | 1215 |
| MERIT MED SYS INC | COM | 589889104 | BBG001S6KLT3 | 8702095 | 104550 | SH |  | DFND |  | 100785 | 0 | 3765 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 660000 | 899 | SH |  | DFND |  | 899 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 273605331 | 528244 | SH |  | DFND |  | 485548 | 0 | 42696 |
| MIDDLEBY CORP | COM | 596278101 | BBG001S8N9X8 | 3357653 | 25261 | SH |  | DFND |  | 24405 | 0 | 856 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 244000 | 3910 | SH |  | DFND |  | 3910 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 209000 | 1314 | SH |  | DFND |  | 1314 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | CALVERT US LARCP | 61774R205 | BBG01DPGKH16 | 1866000 | 22790 | SH |  | DFND |  | 22790 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 | BBG001S5TCN2 | 6763229 | 39306 | SH |  | DFND |  | 37897 | 0 | 1409 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 1595000 | 2812 | SH |  | DFND |  | 2749 | 0 | 63 |
| MYR GROUP INC DEL | COM | 55405W104 | BBG001S8GYM3 | 18763979 | 90197 | SH |  | DFND |  | 73718 | 0 | 16479 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 57977455 | 48355 | SH |  | DFND |  | 44062 | 0 | 4293 |
| NEW YORK TIMES CO | CL A | 650111107 | BBG001S90X31 | 8699241 | 151556 | SH |  | DFND |  | 146156 | 0 | 5400 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 12998979 | 172194 | SH |  | DFND |  | 167117 | 0 | 5077 |
| NEXTRACKER INC | CLASS A COM | 65290E101 | BBG00835TQ17 | 9276613 | 125382 | SH |  | DFND |  | 123009 | 0 | 2373 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 713000 | 10225 | SH |  | DFND |  | 9408 | 0 | 817 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 10496428 | 189156 | SH |  | DFND |  | 186874 | 0 | 2282 |
| NVENT ELECTRIC PLC | SHS | G6700G107 | BBG00GNT7B03 | 23203875 | 235237 | SH |  | DFND |  | 231766 | 0 | 3471 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 286844687 | 1537381 | SH |  | DFND |  | 1401401 | 0 | 135980 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG001SF62F6 | 31346557 | 137645 | SH |  | DFND |  | 123665 | 0 | 13980 |
| OMNICELL COM | COM | 68213N109 | BBG001SF6Z45 | 4145333 | 136140 | SH |  | DFND |  | 131260 | 0 | 4880 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 2414000 | 8582 | SH |  | DFND |  | 8582 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | COM | 686688102 | BBG001S9LPW3 | 23633835 | 245545 | SH |  | DFND |  | 207482 | 0 | 38063 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 69324258 | 340456 | SH |  | DFND |  | 318324 | 0 | 22132 |
| PALOMAR HLDGS INC | COM | 69753M105 | BBG00NLMRYV9 | 3539602 | 30319 | SH |  | DFND |  | 29214 | 0 | 1105 |
| PAYLOCITY HLDG CORP | COM | 70438V106 | BBG006598YZ0 | 16075291 | 100928 | SH |  | DFND |  | 99078 | 0 | 1850 |
| PAYPAL HLDGS INC | COM | 70450Y103 | BBG0077VNXW5 | 201000 | 2998 | SH |  | DFND |  | 2998 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 | BBG001TRHPB0 | 5299750 | 20921 | SH |  | DFND |  | 20185 | 0 | 736 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 377000 | 2687 | SH |  | DFND |  | 2687 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 403000 | 15799 | SH |  | DFND |  | 15799 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4P7 | 263000 | 1930 | SH |  | DFND |  | 1930 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 50874883 | 253193 | SH |  | DFND |  | 226626 | 0 | 26567 |
| PPG INDS INC | COM | 693506107 | BBG001S5VC13 | 481000 | 4580 | SH |  | DFND |  | 4580 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 19017842 | 123774 | SH |  | DFND |  | 108064 | 0 | 15710 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 15494991 | 62741 | SH |  | DFND |  | 49074 | 0 | 13667 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 30174124 | 263480 | SH |  | DFND |  | 249755 | 0 | 13725 |
| PTC INC | COM | 69370C100 | BBG001S6DNK6 | 4248928 | 20927 | SH |  | DFND |  | 20166 | 0 | 761 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 25489096 | 61503 | SH |  | DFND |  | 60739 | 0 | 764 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG001S9GX43 | 5946377 | 31202 | SH |  | DFND |  | 30239 | 0 | 963 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 6354170 | 33074 | SH |  | DFND |  | 31905 | 0 | 1169 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 1103713 | 3156 | SH |  | DFND |  | 2935 | 0 | 221 |
| ROGERS CORP | COM | 775133101 | BBG001S5TTY3 | 2775256 | 34487 | SH |  | DFND |  | 33280 | 0 | 1207 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 855000 | 1714 | SH |  | DFND |  | 1537 | 0 | 177 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 895000 | 1838 | SH |  | DFND |  | 1838 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 831000 | 3506 | SH |  | DFND |  | 3437 | 0 | 69 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 | BBG001SCWNN9 | 580000 | 2999 | SH |  | DFND |  | 2999 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 460000 | 4817 | SH |  | DFND |  | 4817 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 | BBG001V039G2 | 1451000 | 67289 | SH |  | DFND |  | 67289 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | BBG001SF0100 | 3949801 | 42084 | SH |  | DFND |  | 40527 | 0 | 1557 |
| SERVICENOW INC | COM | 81762P102 | BBG001T4JFC0 | 71948297 | 78178 | SH |  | DFND |  | 72355 | 0 | 5823 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 29176000 | 196329 | SH |  | DFND |  | 181221 | 0 | 15108 |
| SITIME CORP | COM | 82982T106 | BBG00QNSY276 | 13512195 | 44846 | SH |  | DFND |  | 43238 | 0 | 1608 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 2001228 | 3004 | SH |  | DFND |  | 3004 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 | BBG001S63NQ1 | 548000 | 920 | SH |  | DFND |  | 920 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG003T4VFD1 | 47046195 | 67398 | SH |  | DFND |  | 62509 | 0 | 4889 |
| SPROUTS FMRS MKT INC | COM | 85208M102 | BBG001V0MZS0 | 2797000 | 25707 | SH |  | DFND |  | 25601 | 0 | 106 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 15603000 | 184427 | SH |  | DFND |  | 183256 | 0 | 1171 |
| STEPSTONE GROUP INC | COM CL A | 85914M107 | BBG00WXXV0W0 | 5353515 | 81976 | SH |  | DFND |  | 78966 | 0 | 3010 |
| STIFEL FINL CORP | COM | 860630102 | BBG001S5W081 | 8803216 | 77578 | SH |  | DFND |  | 74807 | 0 | 2771 |
| STRYKER CORPORATION | COM | 863667101 | BBG001S8FR03 | 32779844 | 88670 | SH |  | DFND |  | 81170 | 0 | 7500 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 12718985 | 154463 | SH |  | DFND |  | 119239 | 0 | 35224 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 54383002 | 194717 | SH |  | DFND |  | 192940 | 0 | 1777 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 7147464 | 79687 | SH |  | DFND |  | 79687 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 | BBG001S5YYH5 | 13976811 | 418721 | SH |  | DFND |  | 412606 | 0 | 6115 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 314000 | 1709 | SH |  | DFND |  | 1709 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 508000 | 1764 | SH |  | DFND |  | 1764 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 17859847 | 36820 | SH |  | DFND |  | 36443 | 0 | 377 |
| TIDAL TRUST II | CARBON CLCTV CLM | 88634T105 | BBG019R2Z783 | 210000 | 8424 | SH |  | DFND |  | 8424 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 75838697 | 524684 | SH |  | DFND |  | 481901 | 0 | 42783 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 48646399 | 115284 | SH |  | DFND |  | 105955 | 0 | 9329 |
| TRANSMEDICS GROUP INC | COM | 89377M109 | BBG00NZ6J701 | 3762964 | 33533 | SH |  | DFND |  | 32311 | 0 | 1222 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 37393180 | 133920 | SH |  | DFND |  | 123848 | 0 | 10072 |
| TREX CO INC | COM | 89531P105 | BBG001SB6TV8 | 11113814 | 215089 | SH |  | DFND |  | 211157 | 0 | 3932 |
| TRIMBLE INC | COM | 896239100 | BBG001S5SZP0 | 8645657 | 105884 | SH |  | DFND |  | 102146 | 0 | 3738 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 5494086 | 10049 | SH |  | DFND |  | 9695 | 0 | 354 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 37509808 | 632755 | SH |  | DFND |  | 583530 | 0 | 49225 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 36373325 | 153878 | SH |  | DFND |  | 143441 | 0 | 10437 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 22082173 | 23127 | SH |  | DFND |  | 19445 | 0 | 3682 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 9589432 | 27769 | SH |  | DFND |  | 18710 | 0 | 9059 |
| VALMONT INDS INC | COM | 920253101 | BBG001S5X650 | 20886754 | 53869 | SH |  | DFND |  | 52851 | 0 | 1018 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 469000 | 1428 | SH |  | DFND |  | 1428 | 0 | 0 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 | BBG00M0P2SP4 | 352000 | 2974 | SH |  | DFND |  | 2974 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 215000 | 288 | SH |  | DFND |  | 288 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG001SBRX64 | 21410413 | 85124 | SH |  | DFND |  | 72776 | 0 | 12348 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 866198 | 19715 | SH |  | DFND |  | 18389 | 0 | 1326 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | BBG001S68LJ8 | 26782831 | 68385 | SH |  | DFND |  | 68049 | 0 | 336 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 33813676 | 99049 | SH |  | DFND |  | 97488 | 0 | 1561 |
| VITAL FARMS INC | COM | 92847W103 | BBG006XWWBM5 | 2360000 | 57343 | SH |  | DFND |  | 56795 | 0 | 548 |
| WABTEC | COM | 929740108 | BBG001S5XBT3 | 30908877 | 154179 | SH |  | DFND |  | 143163 | 0 | 11016 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 223000 | 2163 | SH |  | DFND |  | 2163 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 1724572 | 7810 | SH |  | DFND |  | 7404 | 0 | 406 |
| WATERS CORP | COM | 941848103 | BBG001S8MDG9 | 513000 | 1711 | SH |  | DFND |  | 1711 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 | BBG001S5XCP5 | 8657688 | 145654 | SH |  | DFND |  | 140453 | 0 | 5201 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 29176345 | 197802 | SH |  | DFND |  | 168471 | 0 | 29331 |

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