# EDGAR Filing Document

**Accession Number:** 0001752759
**File Stem:** 0001104659-25-077566
**Filing Date:** 2025-8
**Character Count:** 15936
**Document Hash:** 93aeea0783521c3818d85a07f16880ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-077566.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001104659-25-077566

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DNCA FINANCE
- **CENTRAL INDEX KEY:** 0001752759

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24221
- **FILM NUMBER:** 251211721

**BUSINESS ADDRESS:**
- **STREET 1:** 19 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001
- **BUSINESS PHONE:** 158625500

**MAIL ADDRESS:**
- **STREET 1:** 19 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** DNCA FINANCE<br>**Address:** 19 Place Vendome<br>Paris, I0 75001

**Form 13F File Number:** 028-24221

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:** Gregoire Scheiff<br>**Title:** Chief Operating Officer<br>**Phone:** 33-1-58-62-55-11

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

Gregoire Scheiff  Paris, I0  07-17-2025<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:** 109

**Form 13F Information Table Value Total:** $1309443683

      (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   |
|:---|:---|:---|
|  | Natixis Investment Managers SA | 028-19314              |

### 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 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 80071072 | 160976 | SH |  | DFND | 1 | 160976 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 76934719 | 216687 | SH |  | DFND | 1 | 216687 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 71610547 | 453260 | SH |  | DFND | 1 | 453260 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 | BBG000N8GJR8 | 70837621 | 250451 | SH |  | DFND | 1 | 250451 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 69026177 | 93520 | SH |  | DFND | 1 | 93520 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 | BBG00BS9K4L1 | 63709539 | 130435 | SH |  | DFND | 1 | 128961 | 0 | 1474 |
| CRH PLC | ORD | G25508105 | BBG000BDCN13 | 50961831 | 535557 | SH |  | DFND | 1 | 535557 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 47108585 | 170900 | SH |  | DFND | 1 | 170900 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG000CL9VN6 | 40163187 | 29992 | SH |  | DFND | 1 | 29992 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 36327128 | 371519 | SH |  | DFND | 1 | 371519 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 30462302 | 138850 | SH |  | DFND | 1 | 138850 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 30223445 | 171500 | SH |  | DFND | 1 | 171500 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG000BQLY10 | 25627153 | 117217 | SH |  | DFND | 1 | 117217 | 0 | 0 |
| QIAGEN NV | COM SHS | N72482206 | BBG000H50QW6 | 24928354 | 519418 | SH |  | DFND | 1 | 519418 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 24273295 | 83727 | SH |  | DFND | 1 | 83727 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG000BH1NH9 | 23888860 | 46980 | SH |  | DFND | 1 | 46980 | 0 | 0 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CC1 | 22151395 | 47213 | SH |  | DFND | 1 | 47213 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 21210936 | 103650 | SH |  | DFND | 1 | 103650 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 20145549 | 35850 | SH |  | DFND | 1 | 35850 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | BBG00K6S0L00 | 19797372 | 25800 | SH |  | DFND | 1 | 25800 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 19683450 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 19676624 | 95904 | SH |  | DFND | 1 | 95904 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG000BSFRF3 | 18564143 | 36210 | SH |  | DFND | 1 | 36210 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG000GQPB11 | 17477344 | 6687 | SH |  | DFND | 1 | 6687 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG000C6CH10 | 16986000 | 24000 | SH |  | DFND | 1 | 24000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 16436379 | 72570 | SH |  | DFND | 1 | 72570 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG000BH4R78 | 15193581 | 122519 | SH |  | DFND | 1 | 122519 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZDM1 | 14665600 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKS03 | 14056956 | 27600 | SH |  | DFND | 1 | 27600 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 | BBG000DQTXY6 | 11925100 | 92500 | SH |  | DFND | 1 | 92500 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 11438781 | 21050 | SH |  | DFND | 1 | 21050 | 0 | 0 |
| 3M CO | COM | 88579Y101 | BBG000BP52R2 | 11418000 | 75000 | SH |  | DFND | 1 | 75000 | 0 | 0 |
| XYLEM INC | COM | 98419M100 | BBG001D8R5D0 | 11319000 | 87500 | SH |  | DFND | 1 | 87500 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG000BLBVN4 | 11132709 | 1923 | SH |  | DFND | 1 | 1923 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 10272080 | 52000 | SH |  | DFND | 1 | 52000 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | BBG0068J0HN3 | 9719450 | 95000 | SH |  | DFND | 1 | 95000 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 | BBG005845P91 | 9496141 | 32975 | SH |  | DFND | 1 | 32975 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 9462343 | 34700 | SH |  | DFND | 1 | 34700 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 9325810 | 59800 | SH |  | DFND | 1 | 59800 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG000BMX4N8 | 8843750 | 125000 | SH |  | DFND | 1 | 125000 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 | BBG011PCV4J9 | 8804886 | 629370 | SH |  | DFND | 1 | 629370 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 8494387 | 20950 | SH |  | DFND | 1 | 20950 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG000BNWG87 | 8329094 | 95550 | SH |  | DFND | 1 | 95550 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 8169760 | 20650 | SH |  | DFND | 1 | 20650 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG000BBQCY0 | 8059920 | 56800 | SH |  | DFND | 1 | 56800 | 0 | 0 |
| WABTEC | COM | 929740108 | BBG000BDD940 | 7549161 | 36060 | SH |  | DFND | 1 | 36060 | 0 | 0 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 7274895 | 23500 | SH |  | DFND | 1 | 23500 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG000BJKPG0 | 7215359 | 41850 | SH |  | DFND | 1 | 41850 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 7196560 | 7000 | SH |  | DFND | 1 | 7000 | 0 | 0 |
| TOAST INC | CL A | 888787108 | BBG00BTJVK94 | 6887095 | 155500 | SH |  | DFND | 1 | 155500 | 0 | 0 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 6383520 | 16500 | SH |  | DFND | 1 | 16500 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8KW8 | 6209908 | 48360 | SH |  | DFND | 1 | 48360 | 0 | 0 |
| NASDAQ INC | COM | 631103108 | BBG000F5VVB6 | 6089502 | 68100 | SH |  | DFND | 1 | 68100 | 0 | 0 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 5355884 | 6800 | SH |  | DFND | 1 | 6800 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 | BBG000BFL116 | 5312179 | 32090 | SH |  | DFND | 1 | 32090 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG000F1ZSN5 | 4846482 | 8550 | SH |  | DFND | 1 | 8550 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 | BBG007DHGNJ4 | 4542531 | 20300 | SH |  | DFND | 1 | 20300 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 4467391 | 47882 | SH |  | DFND | 1 | 47882 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 | BBG01N1MQQS2 | 4443896 | 3500000 | PRN |  | DFND | 1 | 3500000 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG000BSJLV4 | 4262862 | 147300 | SH |  | DFND | 1 | 147300 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 | BBG00629NGT2 | 4233012 | 58800 | SH |  | DFND | 1 | 58800 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XJ9 | 4088475 | 40500 | SH |  | DFND | 1 | 40500 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C60FN3 | 3820750 | 31000 | SH |  | DFND | 1 | 31000 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 | BBG003NJHZT9 | 3788106 | 28200 | SH |  | DFND | 1 | 28200 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG000D9D830 | 3422291 | 11450 | SH |  | DFND | 1 | 11450 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 | BBG000NWKS18 | 3051466 | 39800 | SH |  | DFND | 1 | 39800 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 | BBG0026ZJ304 | 2901008 | 42400 | SH |  | DFND | 1 | 42400 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 | BBG01T61V2V3 | 2719350 | 15000 | SH |  | DFND | 1 | 15000 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 | BBG00YRS5632 | 2505733 | 250876 | SH |  | DFND | 1 | 211197 | 0 | 39679 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 2245737 | 32350 | SH |  | DFND | 1 | 32350 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG000BWVSR1 | 1739032 | 7600 | SH |  | DFND | 1 | 7600 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG000BNBDC2 | 1637013 | 2100 | SH |  | DFND | 1 | 2100 | 0 | 0 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 | BBG01K8CD1G5 | 1351997 | 950000 | PRN |  | DFND | 1 | 950000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500% 6/1 | 55024UAF6 | BBG015SGY343 | 1345793 | 1300000 | PRN |  | DFND | 1 | 1300000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 | BBG01JNQSW94 | 1253747 | 1380000 | PRN |  | DFND | 1 | 1380000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 | BBG000BVWLJ6 | 1204068 | 11400 | SH |  | DFND | 1 | 11400 | 0 | 0 |
| TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 | BBG01N60FK73 | 1106643 | 1000000 | PRN |  | DFND | 1 | 1000000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 | BBG01MVF4CQ3 | 1088568 | 1100000 | PRN |  | DFND | 1 | 1100000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 | BBG01FMYDM67 | 1084043 | 1170000 | PRN |  | DFND | 1 | 1170000 | 0 | 0 |
| SPOTIFY USA INC | NOTE 3/1 | 84921RAB6 | BBG00ZFDC5N7 | 1061760 | 700000 | PRN |  | DFND | 1 | 700000 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 | BBG00DYNJGH9 | 930650 | 5000 | SH |  | DFND | 1 | 5000 | 0 | 0 |
| CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 | BBG012314YD5 | 922215 | 780000 | PRN |  | DFND | 1 | 780000 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 | BBG01LM394L0 | 898228 | 1000000 | PRN |  | DFND | 1 | 1000000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JVL2 | 867927 | 7653 | SH |  | DFND | 1 | 7653 | 0 | 0 |
| NEXTERA ENERGY CAP HLDGS INC | NOTE 3.000% 3/0 | 65339KCY4 | BBG01LQWGL54 | 859863 | 750000 | PRN |  | DFND | 1 | 750000 | 0 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 | BBG01GHVC2V4 | 845731 | 900000 | PRN |  | DFND | 1 | 900000 | 0 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 | BBG01LNSJZ43 | 807755 | 750000 | PRN |  | DFND | 1 | 750000 | 0 | 0 |
| WAYFAIR INC | NOTE 3.250% 9/1 | 94419LAP6 | BBG019K2VZR1 | 806257 | 700000 | PRN |  | DFND | 1 | 700000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 | BBG00RZB0YW7 | 729792 | 800000 | PRN |  | DFND | 1 | 800000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 | BBG0196010D6 | 721210 | 630000 | PRN |  | DFND | 1 | 630000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 | BBG011WYS0V1 | 687992 | 640000 | PRN |  | DFND | 1 | 640000 | 0 | 0 |
| JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 | BBG01N0D01K4 | 677847 | 650000 | PRN |  | DFND | 1 | 650000 | 0 | 0 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 | BBG00ZNKGD88 | 641453 | 650000 | PRN |  | DFND | 1 | 650000 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 | BBG01HWMCL52 | 607345 | 650000 | PRN |  | DFND | 1 | 650000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 | BBG00ZF28315 | 594426 | 600000 | PRN |  | DFND | 1 | 600000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 | BBG011KG2MY0 | 566316 | 600000 | PRN |  | DFND | 1 | 600000 | 0 | 0 |
| SHOPIFY INC | NOTE 0.125%11/0 | 82509LAA5 | BBG00XDHT691 | 560237 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| HAEMONETICS CORP MASS | NOTE 2.500% 6/0 | 405024AD2 | BBG01N0QDBL8 | 549667 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 | BBG01KH10Q78 | 546543 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| EXPEDIA GROUP INC | NOTE 2/1 | 30212PBE4 | BBG00Z9C5GC2 | 536876 | 550000 | PRN |  | DFND | 1 | 550000 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 | BBG00LQK89F6 | 455490 | 8751 | SH |  | DFND | 1 | 8751 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 | BBG0194CJ221 | 404648 | 300000 | PRN |  | DFND | 1 | 300000 | 0 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 | BBG01HT5QR64 | 395839 | 300000 | PRN |  | DFND | 1 | 300000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 | BBG01HWS4MC8 | 381206 | 400000 | PRN |  | DFND | 1 | 400000 | 0 | 0 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 | BBG01J7F45G3 | 360018 | 200000 | PRN |  | DFND | 1 | 200000 | 0 | 0 |
| INSULET CORP | NOTE 0.375% 9/0 | 45784PAK7 | BBG00Q5KYJN8 | 337250 | 240000 | PRN |  | DFND | 1 | 240000 | 0 | 0 |
| H WORLD GROUP LTD | NOTE 3.000% 5/0 | 44332NAB2 | BBG00TR60PJ7 | 322472 | 300000 | PRN |  | DFND | 1 | 300000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAD6 | BBG00ZF28WL9 | 254456 | 250000 | PRN |  | DFND | 1 | 250000 | 0 | 0 |
| ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 | BBG00Q9W9H41 | 77802 | 80000 | PRN |  | DFND | 1 | 80000 | 0 | 0 |

---