# EDGAR Filing Document

**Accession Number:** 0001759476
**File Stem:** 0001759476-25-000004
**Filing Date:** 2025-10
**Character Count:** 21478
**Document Hash:** ddfe67f50251e946bd44c24102bc471a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001759476-25-000004.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001759476-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251002

**EFFECTIVENESS DATE**: 20251003

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Shorepoint Capital Partners LLC
- **CENTRAL INDEX KEY:** 0001759476

**ORGANIZATION NAME:**
- **EIN:** 271108488
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19466
- **FILM NUMBER:** 251371520

**BUSINESS ADDRESS:**
- **STREET 1:** 220 NORWOOD PARK SOUTH
- **CITY:** NORWOOD
- **STATE:** MA
- **ZIP:** 02062
- **BUSINESS PHONE:** 7813417250

**MAIL ADDRESS:**
- **STREET 1:** 220 NORWOOD PARK SOUTH
- **CITY:** NORWOOD
- **STATE:** MA
- **ZIP:** 02062

### 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:** Shorepoint Capital Partners LLC<br>**Address:** 220 NORWOOD PARK SOUTH<br>NORWOOD, MA 02062

**Form 13F File Number:** 028-19466

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:** Kevin Raposo<br>**Title:** Research Analyst<br>**Phone:** 5083358556

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

Kevin F Raposo  Norwood, MA  10-02-2025<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:** 184

**Form 13F Information Table Value Total:** $502756837

      (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   |
|:---|:---|:---|
|  | MCCARTER PRIVATE WEALTH SERVICES LLC |  |

### 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 LABS | COM | 002824100 |  | 487006 | 3636 | SH |  | SOLE |  | 0 | 0 | 3636 |
| ABBOTT LABS | COM | 002824100 |  | 238413 | 1780 | SH |  | DFND | 1 | 0 | 0 | 1780 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 11527818 | 68390 | SH |  | SOLE |  | 0 | 0 | 68390 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 5010446 | 29725 | SH |  | DFND | 1 | 0 | 0 | 29725 |
| AMAZON COM INC | COM | 023135106 |  | 3381312 | 15400 | SH |  | SOLE |  | 0 | 0 | 15400 |
| AMAZON COM INC | COM | 023135106 |  | 1840875 | 8384 | SH |  | DFND | 1 | 0 | 0 | 8384 |
| APPLE INC | COM | 037833100 |  | 5649685 | 22188 | SH |  | SOLE |  | 0 | 0 | 22188 |
| APPLE INC | COM | 037833100 |  | 1664262 | 6536 | SH |  | DFND | 1 | 0 | 0 | 6536 |
| AUTOZONE INC | COM | 053332102 |  | 2149668 | 501 | SH |  | SOLE |  | 0 | 0 | 501 |
| AUTOZONE INC | COM | 053332102 |  | 7872590 | 1835 | SH |  | DFND | 1 | 0 | 0 | 1835 |
| BANK AMERICA CORP | COM | 060505104 |  | 2843806 | 55123 | SH |  | SOLE |  | 0 | 0 | 55123 |
| BANK AMERICA CORP | COM | 060505104 |  | 1153501 | 22359 | SH |  | DFND | 1 | 0 | 0 | 22359 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | DFND | 1 | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 231763 | 461 | SH |  | SOLE |  | 0 | 0 | 461 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 174954 | 348 | SH |  | DFND | 1 | 0 | 0 | 348 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2946338 | 65329 | SH |  | SOLE |  | 0 | 0 | 65329 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 107158 | 2376 | SH |  | DFND | 1 | 0 | 0 | 2376 |
| CSX CORP | COM | 126408103 |  | 47939 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| CSX CORP | COM | 126408103 |  | 271652 | 7650 | SH |  | DFND | 1 | 0 | 0 | 7650 |
| CVS HEALTH CORP | COM | 126650100 |  | 4508020 | 59796 | SH |  | SOLE |  | 0 | 0 | 59796 |
| CVS HEALTH CORP | COM | 126650100 |  | 188173 | 2496 | SH |  | DFND | 1 | 0 | 0 | 2496 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5623928 | 36216 | SH |  | SOLE |  | 0 | 0 | 36216 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2895382 | 18645 | SH |  | DFND | 1 | 0 | 0 | 18645 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 18386 | 230 | SH |  | SOLE |  | 0 | 0 | 230 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 337267 | 4219 | SH |  | DFND | 1 | 0 | 0 | 4219 |
| DEERE  CO | COM | 244199105 |  | 45726 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| DEERE  CO | COM | 244199105 |  | 679031 | 1485 | SH |  | DFND | 1 | 0 | 0 | 1485 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 28991463 | 626978 | SH |  | SOLE |  | 0 | 0 | 626978 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 5171852 | 111848 | SH |  | DFND | 1 | 0 | 0 | 111848 |
| GE AEROSPACE | COM NEW | 369604301 |  | 438027 | 1456 | SH |  | SOLE |  | 0 | 0 | 1456 |
| GE AEROSPACE | COM NEW | 369604301 |  | 25269 | 84 | SH |  | DFND | 1 | 0 | 0 | 84 |
| HOME DEPOT INC | COM | 437076102 |  | 502436 | 1240 | SH |  | SOLE |  | 0 | 0 | 1240 |
| HOME DEPOT INC | COM | 437076102 |  | 354259 | 874 | SH |  | DFND | 1 | 0 | 0 | 874 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 368179 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 1192522 | 12772 | SH |  | SOLE |  | 0 | 0 | 12772 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 3400722 | 36422 | SH |  | DFND | 1 | 0 | 0 | 36422 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5939652 | 32034 | SH |  | SOLE |  | 0 | 0 | 32034 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 494515 | 2667 | SH |  | DFND | 1 | 0 | 0 | 2667 |
| LOWES COS INC | COM | 548661107 |  | 5675610 | 22584 | SH |  | SOLE |  | 0 | 0 | 22584 |
| LOWES COS INC | COM | 548661107 |  | 776045 | 3088 | SH |  | DFND | 1 | 0 | 0 | 3088 |
| MAPLEBEAR INC | COM | 565394103 |  | 272649 | 7417 | SH |  | SOLE |  | 0 | 0 | 7417 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1624338 | 6237 | SH |  | SOLE |  | 0 | 0 | 6237 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 832366 | 3196 | SH |  | DFND | 1 | 0 | 0 | 3196 |
| MCDONALDS CORP | COM | 580135101 |  | 3716575 | 12230 | SH |  | SOLE |  | 0 | 0 | 12230 |
| MCDONALDS CORP | COM | 580135101 |  | 340053 | 1119 | SH |  | DFND | 1 | 0 | 0 | 1119 |
| MICROSOFT CORP | COM | 594918104 |  | 7467834 | 14418 | SH |  | SOLE |  | 0 | 0 | 14418 |
| MICROSOFT CORP | COM | 594918104 |  | 8885950 | 17156 | SH |  | DFND | 1 | 0 | 0 | 17156 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3145427 | 50351 | SH |  | SOLE |  | 0 | 0 | 50351 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 223393 | 3576 | SH |  | DFND | 1 | 0 | 0 | 3576 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5346620 | 33635 | SH |  | SOLE |  | 0 | 0 | 33635 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 226518 | 1425 | SH |  | DFND | 1 | 0 | 0 | 1425 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 343969 | 1145 | SH |  | SOLE |  | 0 | 0 | 1145 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 462331 | 1539 | SH |  | DFND | 1 | 0 | 0 | 1539 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1477227 | 26622 | SH |  | SOLE |  | 0 | 0 | 26622 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 3360974 | 60569 | SH |  | DFND | 1 | 0 | 0 | 60569 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 4588036 | 22834 | SH |  | SOLE |  | 0 | 0 | 22834 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 125179 | 623 | SH |  | DFND | 1 | 0 | 0 | 623 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1753447 | 8611 | SH |  | SOLE |  | 0 | 0 | 8611 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 3294979 | 16182 | SH |  | DFND | 1 | 0 | 0 | 16182 |
| PEOPLES FINL SVCS CORP | COM | 711040105 |  | 256020 | 2342 | SH |  | SOLE |  | 0 | 0 | 2342 |
| PEPSICO INC | COM | 713448108 |  | 4293602 | 30573 | SH |  | SOLE |  | 0 | 0 | 30573 |
| PEPSICO INC | COM | 713448108 |  | 987153 | 7029 | SH |  | DFND | 1 | 0 | 0 | 7029 |
| PFIZER INC | COM | 717081103 |  | 2920492 | 114619 | SH |  | SOLE |  | 0 | 0 | 114619 |
| PFIZER INC | COM | 717081103 |  | 142484 | 5592 | SH |  | DFND | 1 | 0 | 0 | 5592 |
| PHILLIPS 66 | COM | 718546104 |  | 5217788 | 38360 | SH |  | SOLE |  | 0 | 0 | 38360 |
| PHILLIPS 66 | COM | 718546104 |  | 176418 | 1297 | SH |  | DFND | 1 | 0 | 0 | 1297 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2136503 | 13905 | SH |  | SOLE |  | 0 | 0 | 13905 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 176390 | 1148 | SH |  | DFND | 1 | 0 | 0 | 1148 |
| QUALCOMM INC | COM | 747525103 |  | 5943610 | 35727 | SH |  | SOLE |  | 0 | 0 | 35727 |
| QUALCOMM INC | COM | 747525103 |  | 750117 | 4509 | SH |  | DFND | 1 | 0 | 0 | 4509 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1376395 | 53535 | SH |  | SOLE |  | 0 | 0 | 53535 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 3317 | 129 | SH |  | DFND | 1 | 0 | 0 | 129 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 10723750 | 336062 | SH |  | SOLE |  | 0 | 0 | 336062 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 223944 | 7018 | SH |  | DFND | 1 | 0 | 0 | 7018 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 12917019 | 473151 | SH |  | SOLE |  | 0 | 0 | 473151 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 259268 | 9497 | SH |  | DFND | 1 | 0 | 0 | 9497 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 3279068 | 30194 | SH |  | SOLE |  | 0 | 0 | 30194 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 112510 | 1036 | SH |  | DFND | 1 | 0 | 0 | 1036 |
| SOUTHERN CO | COM | 842587107 |  | 4520529 | 47700 | SH |  | SOLE |  | 0 | 0 | 47700 |
| SOUTHERN CO | COM | 842587107 |  | 208968 | 2205 | SH |  | DFND | 1 | 0 | 0 | 2205 |
| TJX COS INC NEW | COM | 872540109 |  | 1832738 | 12680 | SH |  | SOLE |  | 0 | 0 | 12680 |
| TJX COS INC NEW | COM | 872540109 |  | 6575414 | 45492 | SH |  | DFND | 1 | 0 | 0 | 45492 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2525363 | 5207 | SH |  | SOLE |  | 0 | 0 | 5207 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 3888405 | 8017 | SH |  | DFND | 1 | 0 | 0 | 8017 |
| UNION PAC CORP | COM | 907818108 |  | 2627962 | 11118 | SH |  | SOLE |  | 0 | 0 | 11118 |
| UNION PAC CORP | COM | 907818108 |  | 97384 | 412 | SH |  | DFND | 1 | 0 | 0 | 412 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 288203 | 1336 | SH |  | SOLE |  | 0 | 0 | 1336 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 222212 | 4101 | SH |  | SOLE |  | 0 | 0 | 4101 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 151704 | 2800 | SH |  | DFND | 1 | 0 | 0 | 2800 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 4826299 | 16431 | SH |  | SOLE |  | 0 | 0 | 16431 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 100459 | 342 | SH |  | DFND | 1 | 0 | 0 | 342 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 295578 | 960 | SH |  | SOLE |  | 0 | 0 | 960 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 313283 | 653 | SH |  | SOLE |  | 0 | 0 | 653 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1239132 | 4873 | SH |  | SOLE |  | 0 | 0 | 4873 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 595015 | 2340 | SH |  | DFND | 1 | 0 | 0 | 2340 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1766864 | 22719 | SH |  | SOLE |  | 0 | 0 | 22719 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 3424058 | 44028 | SH |  | DFND | 1 | 0 | 0 | 44028 |
| RTX CORPORATION | COM | 75513E101 |  | 5517974 | 32977 | SH |  | SOLE |  | 0 | 0 | 32977 |
| RTX CORPORATION | COM | 75513E101 |  | 4477249 | 26757 | SH |  | DFND | 1 | 0 | 0 | 26757 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5730991 | 20525 | SH |  | SOLE |  | 0 | 0 | 20525 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5323050 | 19064 | SH |  | DFND | 1 | 0 | 0 | 19064 |
| ABBVIE INC | COM | 00287Y109 |  | 6713082 | 28993 | SH |  | SOLE |  | 0 | 0 | 28993 |
| ABBVIE INC | COM | 00287Y109 |  | 743706 | 3212 | SH |  | DFND | 1 | 0 | 0 | 3212 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 353635 | 1452 | SH |  | SOLE |  | 0 | 0 | 1452 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3947702 | 16209 | SH |  | DFND | 1 | 0 | 0 | 16209 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3887631 | 15992 | SH |  | SOLE |  | 0 | 0 | 15992 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4294362 | 17665 | SH |  | DFND | 1 | 0 | 0 | 17665 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2831527 | 14723 | SH |  | SOLE |  | 0 | 0 | 14723 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 210398 | 1094 | SH |  | DFND | 1 | 0 | 0 | 1094 |
| BROADCOM INC | COM | 11135F101 |  | 15773789 | 47812 | SH |  | SOLE |  | 0 | 0 | 47812 |
| BROADCOM INC | COM | 11135F101 |  | 14568496 | 44159 | SH |  | DFND | 1 | 0 | 0 | 44159 |
| CME GROUP INC | COM | 12572Q105 |  | 2408203 | 8913 | SH |  | SOLE |  | 0 | 0 | 8913 |
| CME GROUP INC | COM | 12572Q105 |  | 92945 | 344 | SH |  | DFND | 1 | 0 | 0 | 344 |
| CISCO SYS INC | COM | 17275R102 |  | 4449765 | 65036 | SH |  | SOLE |  | 0 | 0 | 65036 |
| CISCO SYS INC | COM | 17275R102 |  | 216070 | 3158 | SH |  | DFND | 1 | 0 | 0 | 3158 |
| COHEN  STEERS ETF TRUST | PREFERRED AND IN | 19249U203 |  | 7058899 | 271601 | SH |  | SOLE |  | 0 | 0 | 271601 |
| COHEN  STEERS ETF TRUST | PREFERRED AND IN | 19249U203 |  | 596912 | 22967 | SH |  | DFND | 1 | 0 | 0 | 22967 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 3094619 | 98492 | SH |  | SOLE |  | 0 | 0 | 98492 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 217584 | 6925 | SH |  | DFND | 1 | 0 | 0 | 6925 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 994168 | 7382 | SH |  | SOLE |  | 0 | 0 | 7382 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 627832 | 4662 | SH |  | DFND | 1 | 0 | 0 | 4662 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1504362 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5364951 | 5796 | SH |  | DFND | 1 | 0 | 0 | 5796 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 6427051 | 45334 | SH |  | SOLE |  | 0 | 0 | 45334 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1368081 | 9650 | SH |  | DFND | 1 | 0 | 0 | 9650 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 1296271 | 9059 | SH |  | SOLE |  | 0 | 0 | 9059 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 2599984 | 18169 | SH |  | DFND | 1 | 0 | 0 | 18169 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 63591 | 564 | SH |  | SOLE |  | 0 | 0 | 564 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 426646 | 3784 | SH |  | DFND | 1 | 0 | 0 | 3784 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3766382 | 5129 | SH |  | SOLE |  | 0 | 0 | 5129 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2933848 | 3995 | SH |  | DFND | 1 | 0 | 0 | 3995 |
| FRANKLIN BSP RLTY TR INC | COMMON STOCK | 35243J101 |  | 503904 | 46400 | SH |  | SOLE |  | 0 | 0 | 46400 |
| GE VERNOVA INC | COM | 36828A101 |  | 2132044 | 3467 | SH |  | SOLE |  | 0 | 0 | 3467 |
| GE VERNOVA INC | COM | 36828A101 |  | 1195366 | 1944 | SH |  | DFND | 1 | 0 | 0 | 1944 |
| INVESCO EXCHANGE TRADED FD T | S EQL HLT | 46137V332 |  | 302717 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 10888695 | 34520 | SH |  | SOLE |  | 0 | 0 | 34520 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4361766 | 13828 | SH |  | DFND | 1 | 0 | 0 | 13828 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 9694110 | 203615 | SH |  | SOLE |  | 0 | 0 | 203615 |
| J P MORGAN EXCHANGE TRADED F | SHORT DURA CORE | 46641Q274 |  | 924110 | 19410 | SH |  | DFND | 1 | 0 | 0 | 19410 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 4836540 | 95830 | SH |  | SOLE |  | 0 | 0 | 95830 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 2261460 | 44808 | SH |  | DFND | 1 | 0 | 0 | 44808 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 5624348 | 198670 | SH |  | SOLE |  | 0 | 0 | 198670 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 205474 | 7258 | SH |  | DFND | 1 | 0 | 0 | 7258 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 334460 | 588 | SH |  | SOLE |  | 0 | 0 | 588 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 6387736 | 11230 | SH |  | DFND | 1 | 0 | 0 | 11230 |
| MERCK  CO INC | COM | 58933Y105 |  | 3862428 | 46020 | SH |  | SOLE |  | 0 | 0 | 46020 |
| MERCK  CO INC | COM | 58933Y105 |  | 308275 | 3673 | SH |  | DFND | 1 | 0 | 0 | 3673 |
| MORGAN STANLEY ETF TRUST | EATON VANCE FLTG | 61774R833 |  | 16322978 | 328629 | SH |  | SOLE |  | 0 | 0 | 328629 |
| MORGAN STANLEY ETF TRUST | EATON VANCE FLTG | 61774R833 |  | 3708114 | 74655 | SH |  | DFND | 1 | 0 | 0 | 74655 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2543862 | 33698 | SH |  | SOLE |  | 0 | 0 | 33698 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 110593 | 1465 | SH |  | DFND | 1 | 0 | 0 | 1465 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3333569 | 17867 | SH |  | SOLE |  | 0 | 0 | 17867 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1738739 | 9319 | SH |  | DFND | 1 | 0 | 0 | 9319 |
| ORACLE CORP | COM | 68389X105 |  | 576542 | 2050 | SH |  | SOLE |  | 0 | 0 | 2050 |
| ORACLE CORP | COM | 68389X105 |  | 632790 | 2250 | SH |  | DFND | 1 | 0 | 0 | 2250 |
| READY CAPITAL CORP | COM | 75574U101 |  | 108360 | 28000 | SH |  | SOLE |  | 0 | 0 | 28000 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 939507 | 2643 | SH |  | SOLE |  | 0 | 0 | 2643 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 310325 | 873 | SH |  | DFND | 1 | 0 | 0 | 873 |
| SALESFORCE INC | COM | 79466L302 |  | 1752425 | 7394 | SH |  | SOLE |  | 0 | 0 | 7394 |
| SALESFORCE INC | COM | 79466L302 |  | 741573 | 3129 | SH |  | DFND | 1 | 0 | 0 | 3129 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 871901 | 5121 | SH |  | SOLE |  | 0 | 0 | 5121 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 894206 | 5252 | SH |  | DFND | 1 | 0 | 0 | 5252 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1002979 | 13128 | SH |  | SOLE |  | 0 | 0 | 13128 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 186187 | 2437 | SH |  | DFND | 1 | 0 | 0 | 2437 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 4197934 | 95516 | SH |  | SOLE |  | 0 | 0 | 95516 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 195929 | 4458 | SH |  | DFND | 1 | 0 | 0 | 4458 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 1586827 | 4052 | SH |  | SOLE |  | 0 | 0 | 4052 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2488089 | 6353 | SH |  | DFND | 1 | 0 | 0 | 6353 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 2692693 | 17849 | SH |  | SOLE |  | 0 | 0 | 17849 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1901892 | 12607 | SH |  | DFND | 1 | 0 | 0 | 12607 |
| VISA INC | COM CL A | 92826C839 |  | 2930730 | 8585 | SH |  | SOLE |  | 0 | 0 | 8585 |
| VISA INC | COM CL A | 92826C839 |  | 1271299 | 3724 | SH |  | DFND | 1 | 0 | 0 | 3724 |
| ZOETIS INC | CL A | 98978V103 |  | 1625842 | 11112 | SH |  | SOLE |  | 0 | 0 | 11112 |
| ZOETIS INC | CL A | 98978V103 |  | 620104 | 4238 | SH |  | DFND | 1 | 0 | 0 | 4238 |
| EATON CORP PLC | SHS | G29183103 |  | 7094564 | 18957 | SH |  | SOLE |  | 0 | 0 | 18957 |
| EATON CORP PLC | SHS | G29183103 |  | 2421398 | 6470 | SH |  | DFND | 1 | 0 | 0 | 6470 |
| LINDE PLC | SHS | G54950103 |  | 202350 | 426 | SH |  | DFND | 1 | 0 | 0 | 426 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 3260446 | 34234 | SH |  | SOLE |  | 0 | 0 | 34234 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 140955 | 1480 | SH |  | DFND | 1 | 0 | 0 | 1480 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 4044318 | 9585 | SH |  | SOLE |  | 0 | 0 | 9585 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1724129 | 4086 | SH |  | DFND | 1 | 0 | 0 | 4086 |
| CHUBB LIMITED | COM | H1467J104 |  | 1274091 | 4514 | SH |  | SOLE |  | 0 | 0 | 4514 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 64675 | 284 | SH |  | SOLE |  | 0 | 0 | 284 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 2675600 | 11749 | SH |  | DFND | 1 | 0 | 0 | 11749 |

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