# EDGAR Filing Document

**Accession Number:** 0001778131
**File Stem:** 0001778131-25-000008
**Filing Date:** 2025-11
**Character Count:** 72633
**Document Hash:** ffc1ced5134039903b3f481fc1b9162b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001778131-25-000008.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001778131-25-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**EFFECTIVENESS DATE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BI Asset Management Fondsmaeglerselskab A/S
- **CENTRAL INDEX KEY:** 0001778131

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** G7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20206
- **FILM NUMBER:** 251451770

**BUSINESS ADDRESS:**
- **STREET 1:** BREDGADE 40
- **CITY:** KOBENHAVN
- **STATE:** G7
- **ZIP:** 1260
- **BUSINESS PHONE:** 004577309000

**MAIL ADDRESS:**
- **STREET 1:** BREDGADE 40
- **CITY:** KOBENHAVN
- **STATE:** G7
- **ZIP:** 1260

### 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:** BI Asset Management Fondsmaeglerselskab A/S<br>**Address:** BREDGADE 40<br>KOBENHAVN, G7 1260

**Form 13F File Number:** 028-20206

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:** Andrea Panzieri<br>**Title:** CIO<br>**Phone:** 77 30 91 96

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

Andrea Panzieri  Copenhagen, G7  11-05-2025<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:** 0

**Form 13F Information Table Entry Total:** 700

**Form 13F Information Table Value Total:** $11074664

      (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.]

**NONE**

### 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 |
| LOWES COS INC COM | COM | 548661107 |  | 30752 | 133589 | SH |  | DFND |  | 133589 | 0 | 0 |
| M  T BK CORP COM | COM | 55261F104 |  | 3542 | 17925 | SH |  | DFND |  | 17925 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 15101 | 84770 | SH |  | DFND |  | 84770 | 0 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 21149 | 27376 | SH |  | DFND |  | 27376 | 0 | 0 |
| MERCK  CO INC COM | COM | 58933Y105 |  | 103654 | 1246884 | SH |  | DFND |  | 1084508 | 0 | 162376 |
| C H ROBINSON WORLDWIDE INC COM NEW | COM NEW | 12541W209 |  | 1559 | 11774 | SH |  | DFND |  | 11774 | 0 | 0 |
| GILEAD SCIENCES INC COM | COM | 375558103 |  | 53057 | 477987 | SH |  | DFND |  | 392865 | 0 | 85122 |
| CHURCH  DWIGHT CO INC COM | COM | 171340102 |  | 1658 | 18915 | SH |  | DFND |  | 18915 | 0 | 0 |
| SYNOPSYS INC COM | COM | 871607107 |  | 38355 | 77737 | SH |  | DFND |  | 50075 | 0 | 27662 |
| CLOROX CO DEL COM | COM | 189054109 |  | 11244 | 91192 | SH |  | DFND |  | 33820 | 0 | 57372 |
| HILTON WORLDWIDE HLDGS INC COM | COM | 43300A203 |  | 3964 | 15280 | SH |  | DFND |  | 15280 | 0 | 0 |
| ALIBABA GROUP HLDG LTD SPONSORED ADS | SPONSORED ADS | 01609W102 |  | 18211 | 101893 | SH |  | DFND |  | 78785 | 0 | 23108 |
| HUMANA INC COM | COM | 444859102 |  | 4438 | 17059 | SH |  | DFND |  | 6351 | 0 | 10708 |
| OKTA INC CL A | CL A | 679295105 |  | 2137 | 23304 | SH |  | DFND |  | 23304 | 0 | 0 |
| ALLSTATE CORP COM | COM | 020002101 |  | 21133 | 98455 | SH |  | DFND |  | 98455 | 0 | 0 |
| CUMMINS INC COM | COM | 231021106 |  | 5345 | 12655 | SH |  | DFND |  | 12655 | 0 | 0 |
| INTEL CORP COM | COM | 458140100 |  | 7934 | 236489 | SH |  | DFND |  | 236489 | 0 | 0 |
| PAYCHEX INC COM | COM | 704326107 |  | 39728 | 326711 | SH |  | DFND |  | 266741 | 0 | 59970 |
| ARCHER DANIELS MIDLAND CO COM | COM | 039483102 |  | 1805 | 30215 | SH |  | DFND |  | 30215 | 0 | 0 |
| DOVER CORP COM | COM | 260003108 |  | 1730 | 10370 | SH |  | DFND |  | 10370 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | COM | 90353T100 |  | 44754 | 456816 | SH |  | DFND |  | 208921 | 0 | 247895 |
| AUTOMATIC DATA PROCESSING IN COM | COM | 053015103 |  | 50500 | 172061 | SH |  | DFND |  | 137905 | 0 | 34156 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 7574 | 69515 | SH |  | DFND |  | 69515 | 0 | 0 |
| QUALCOMM INC COM | COM | 747525103 |  | 70433 | 423378 | SH |  | DFND |  | 360110 | 0 | 63268 |
| HUBBELL INC COM | COM | 443510607 |  | 1669 | 3879 | SH |  | DFND |  | 3879 | 0 | 0 |
| DAVITA INC COM | COM | 23918K108 |  | 6990 | 52606 | SH |  | DFND |  | 15240 | 0 | 37366 |
| VERTIV HOLDINGS CO COM CL A | COM CL A | 92537N108 |  | 14657 | 97158 | SH |  | DFND |  | 58848 | 0 | 38310 |
| SERVICE CORP INTL COM | COM | 817565104 |  | 28254 | 381200 | SH |  | DFND |  | 381200 | 0 | 0 |
| AVERY DENNISON CORP COM | COM | 053611109 |  | 24709 | 169569 | SH |  | DFND |  | 169569 | 0 | 0 |
| VIPSHOP HLDGS LTD SPONSORED ADS A | SPONSORED ADS A | 92763W103 |  | 3990 | 203173 | SH |  | DFND |  | 142938 | 0 | 60235 |
| WEC ENERGY GROUP INC COM | COM | 92939U106 |  | 4196 | 36620 | SH |  | DFND |  | 36620 | 0 | 0 |
| MARKEL GROUP INC COM | COM | 570535104 |  | 3217 | 1683 | SH |  | DFND |  | 1683 | 0 | 0 |
| MARVELL TECHNOLOGY INC COM | COM | 573874104 |  | 9204 | 109483 | SH |  | DFND |  | 109483 | 0 | 0 |
| CME GROUP INC COM | COM | 12572Q105 |  | 11559 | 42781 | SH |  | DFND |  | 42781 | 0 | 0 |
| AES CORP COM | COM | 00130H105 |  | 4585 | 348370 | SH |  | DFND |  | 348370 | 0 | 0 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 18574 | 94656 | SH |  | DFND |  | 56587 | 0 | 38069 |
| TESLA INC COM | COM | 88160R101 |  | 112528 | 253032 | SH |  | DFND |  | 253032 | 0 | 0 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 3757 | 22000 | SH |  | DFND |  | 22000 | 0 | 0 |
| DOLLAR GEN CORP NEW COM | COM | 256677105 |  | 7253 | 70175 | SH |  | DFND |  | 70175 | 0 | 0 |
| KINDER MORGAN INC DEL COM | COM | 49456B101 |  | 3764 | 132945 | SH |  | DFND |  | 132945 | 0 | 0 |
| BAKER HUGHES COMPANY CL A | CL A | 05722G100 |  | 8391 | 172225 | SH |  | DFND |  | 172225 | 0 | 0 |
| VEEVA SYS INC CL A COM | COM | 922475108 |  | 8037 | 26979 | SH |  | DFND |  | 26979 | 0 | 0 |
| EXELIXIS INC COM | COM | 30161Q104 |  | 7177 | 173786 | SH |  | DFND |  | 173786 | 0 | 0 |
| SKYWEST INC COM | COM | 830879102 |  | 2252 | 22384 | SH |  | DFND |  | 22384 | 0 | 0 |
| INSMED INC COM PAR $.01 | COM | 457669307 |  | 5389 | 37424 | SH |  | DFND |  | 37424 | 0 | 0 |
| UNITED AIRLS HLDGS INC COM | COM | 910047109 |  | 9858 | 102155 | SH |  | DFND |  | 102155 | 0 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 6565 | 120608 | SH |  | DFND |  | 120608 | 0 | 0 |
| TUTOR PERINI CORP COM | COM | 901109108 |  | 5177 | 78930 | SH |  | DFND |  | 78930 | 0 | 0 |
| MOHAWK INDS INC COM | COM | 608190104 |  | 294 | 2280 | SH |  | DFND |  | 2280 | 0 | 0 |
| CAE INC COM | COM | 124765108 |  | 386 | 13034 | SH |  | DFND |  | 13034 | 0 | 0 |
| BROWN FORMAN CORP CL B | CL B | 115637209 |  | 206 | 7605 | SH |  | DFND |  | 7605 | 0 | 0 |
| COTERRA ENERGY INC COM | COM | 127097103 |  | 640 | 27066 | SH |  | DFND |  | 27066 | 0 | 0 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 2699 | 14384 | SH |  | DFND |  | 14384 | 0 | 0 |
| MONGODB INC CL A | CL A | 60937P106 |  | 1484 | 4780 | SH |  | DFND |  | 4780 | 0 | 0 |
| MOODYS CORP COM | COM | 615369105 |  | 10837 | 22744 | SH |  | DFND |  | 16830 | 0 | 5914 |
| STARBUCKS CORP COM | COM | 855244109 |  | 4457 | 52680 | SH |  | DFND |  | 52680 | 0 | 0 |
| CLOUDFLARE INC CL A COM | COM | 18915M107 |  | 3227 | 15037 | SH |  | DFND |  | 15037 | 0 | 0 |
| OCCIDENTAL PETE CORP COM | COM | 674599105 |  | 1294 | 27380 | SH |  | DFND |  | 27380 | 0 | 0 |
| OMNICOM GROUP INC COM | COM | 681919106 |  | 920 | 11287 | SH |  | DFND |  | 11287 | 0 | 0 |
| OWENS CORNING NEW COM | NEW COM | 690742101 |  | 2204 | 15577 | SH |  | DFND |  | 15577 | 0 | 0 |
| COPART INC COM | COM | 217204106 |  | 1584 | 35228 | SH |  | DFND |  | 35228 | 0 | 0 |
| INCYTE CORP COM | COM | 45337C102 |  | 958 | 11296 | SH |  | DFND |  | 11296 | 0 | 0 |
| D R HORTON INC COM | COM | 23331A109 |  | 1888 | 11139 | SH |  | DFND |  | 11139 | 0 | 0 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 1269 | 6682 | SH |  | DFND |  | 6682 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 1527 | 19600 | SH |  | DFND |  | 19600 | 0 | 0 |
| UNITED PARCEL SERVICE INC CL B | CL B | 911312106 |  | 4344 | 52006 | SH |  | DFND |  | 43421 | 0 | 8585 |
| BAXTER INTL INC COM | COM | 071813109 |  | 555 | 24379 | SH |  | DFND |  | 24379 | 0 | 0 |
| REGENCY CTRS CORP COM | COM | 758849103 |  | 755 | 10354 | SH |  | DFND |  | 10354 | 0 | 0 |
| RELIANCE INC COM | COM | 759509102 |  | 729 | 2597 | SH |  | DFND |  | 2597 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC COM | COM | 12008R107 |  | 394 | 3249 | SH |  | DFND |  | 3249 | 0 | 0 |
| ZILLOW GROUP INC CL A | CL A | 98954M101 |  | 686 | 9215 | SH |  | DFND |  | 9215 | 0 | 0 |
| CENTERPOINT ENERGY INC COM | COM | 15189T107 |  | 1250 | 32224 | SH |  | DFND |  | 32224 | 0 | 0 |
| DRAFTKINGS INC NEW COM CL A | COM CL A | 26142V105 |  | 711 | 19000 | SH |  | DFND |  | 19000 | 0 | 0 |
| CROWN HLDGS INC COM | COM | 228368106 |  | 948 | 9816 | SH |  | DFND |  | 9816 | 0 | 0 |
| U HAUL HOLDING COMPANY COM SER N | COM SER N | 023586506 |  | 221 | 4337 | SH |  | DFND |  | 4337 | 0 | 0 |
| ALBERTSONS COS INC COMMON STOCK | COMMON STOCK | 013091103 |  | 164 | 9389 | SH |  | DFND |  | 9389 | 0 | 0 |
| ATLASSIAN CORPORATION CL A | CL A | 049468101 |  | 1137 | 7121 | SH |  | DFND |  | 7121 | 0 | 0 |
| COOPER COS INC COM | COM | 216648501 |  | 655 | 9550 | SH |  | DFND |  | 9550 | 0 | 0 |
| HESS MIDSTREAM LP CL A SHS | CL A | 428103105 |  | 13818 | 399951 | SH |  | DFND |  | 399951 | 0 | 0 |
| WASTE CONNECTIONS INC COM | COM | 94106B101 |  | 11406 | 64881 | SH |  | DFND |  | 5241 | 0 | 59640 |
| KKR REAL ESTATE FIN TR INC COM | COM | 48251K100 |  | 2584 | 287061 | SH |  | DFND |  | 287061 | 0 | 0 |
| CHIMERA INVT CORP COM SHS | COM SHS | 16934Q802 |  | 1404 | 106205 | SH |  | DFND |  | 106205 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | SPONSORED ADR | 874039100 |  | 12126 | 43418 | SH |  | DFND |  | 43418 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK COM | COM | 06417N103 |  | 38 | 744 | SH |  | DFND |  | 744 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN COM | COM | 008252108 |  | 52 | 216 | SH |  | DFND |  | 216 | 0 | 0 |
| COHEN  STEERS INC COM | COM | 19247A100 |  | 24 | 363 | SH |  | DFND |  | 363 | 0 | 0 |
| COMERICA INC COM | COM | 200340107 |  | 64 | 932 | SH |  | DFND |  | 932 | 0 | 0 |
| JOYY INC ADS REPSTG COM A | COM A | 46591M109 |  | 142 | 2419 | SH |  | DFND |  | 2419 | 0 | 0 |
| JACKSON FINANCIAL INC COM CL A | COM CL A | 46817M107 |  | 54 | 530 | SH |  | DFND |  | 530 | 0 | 0 |
| CADENCE BANK COM | COM | 12740C103 |  | 49 | 1303 | SH |  | DFND |  | 1303 | 0 | 0 |
| ZIONS BANCORPORATION N A COM | COM | 989701107 |  | 59 | 1049 | SH |  | DFND |  | 1049 | 0 | 0 |
| STIFEL FINL CORP COM | COM | 860630102 |  | 82 | 723 | SH |  | DFND |  | 723 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 4699 | 47658 | SH |  | DFND |  | 47658 | 0 | 0 |
| GSK PLC SPONSORED ADR | SPONSORED ADR | 37733W204 |  | 1729 | 40056 | SH |  | DFND |  | 40056 | 0 | 0 |
| LULULEMON ATHLETICA INC COM | COM | 550021109 |  | 4677 | 26285 | SH |  | DFND |  | 6083 | 0 | 20202 |
| FAIR ISAAC CORP COM | COM | 303250104 |  | 12161 | 8126 | SH |  | DFND |  | 8126 | 0 | 0 |
| MARRIOTT INTL INC NEW CL A | CL A | 571903202 |  | 3686 | 14154 | SH |  | DFND |  | 14154 | 0 | 0 |
| CBOE GLOBAL MKTS INC COM | COM | 12503M108 |  | 4484 | 18282 | SH |  | DFND |  | 18282 | 0 | 0 |
| CBRE GROUP INC CL A | CL A | 12504L109 |  | 3254 | 20655 | SH |  | DFND |  | 20655 | 0 | 0 |
| FISERV INC COM | COM | 337738108 |  | 30560 | 237025 | SH |  | DFND |  | 232627 | 0 | 4398 |
| FOX CORP CL A COM | CL A COM | 35137L105 |  | 9492 | 150522 | SH |  | DFND |  | 150522 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 1489 | 10740 | SH |  | DFND |  | 10740 | 0 | 0 |
| STEEL DYNAMICS INC COM | COM | 858119100 |  | 21103 | 151350 | SH |  | DFND |  | 125283 | 0 | 26067 |
| HUNTINGTON BANCSHARES INC COM | COM | 446150104 |  | 2183 | 126383 | SH |  | DFND |  | 126383 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 30416 | 91570 | SH |  | DFND |  | 50457 | 0 | 41113 |
| PNC FINL SVCS GROUP INC COM | COM | 693475105 |  | 9512 | 47341 | SH |  | DFND |  | 47341 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 8191 | 40226 | SH |  | DFND |  | 40226 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | COM | 459200101 |  | 52054 | 184483 | SH |  | DFND |  | 144759 | 0 | 39724 |
| INTUITIVE SURGICAL INC COM NEW | COM NEW | 46120E602 |  | 18496 | 41357 | SH |  | DFND |  | 17621 | 0 | 23736 |
| PAYCOM SOFTWARE INC COM | COM | 70432V102 |  | 1127 | 5417 | SH |  | DFND |  | 5417 | 0 | 0 |
| KKR  CO INC COM | COM | 48251W104 |  | 35261 | 271344 | SH |  | DFND |  | 139553 | 0 | 131791 |
| KEURIG DR PEPPER INC COM | COM | 49271V100 |  | 2173 | 85171 | SH |  | DFND |  | 85171 | 0 | 0 |
| TYLER TECHNOLOGIES INC COM | COM | 902252105 |  | 1806 | 3453 | SH |  | DFND |  | 3453 | 0 | 0 |
| ULTA BEAUTY INC COM | COM | 90384S303 |  | 38061 | 69614 | SH |  | DFND |  | 50516 | 0 | 19098 |
| RAYMOND JAMES FINL INC COM | COM | 754730109 |  | 2648 | 15342 | SH |  | DFND |  | 15342 | 0 | 0 |
| VERISIGN INC COM | COM | 92343E102 |  | 7192 | 25725 | SH |  | DFND |  | 25725 | 0 | 0 |
| VERISK ANALYTICS INC COM | COM | 92345Y106 |  | 8347 | 33189 | SH |  | DFND |  | 33189 | 0 | 0 |
| CARLYLE GROUP INC COM | COM | 14316J108 |  | 2220 | 35412 | SH |  | DFND |  | 35412 | 0 | 0 |
| DECKERS OUTDOOR CORP COM | COM | 243537107 |  | 7383 | 72831 | SH |  | DFND |  | 6160 | 0 | 66671 |
| KENVUE INC COM | COM | 49177J102 |  | 2230 | 137389 | SH |  | DFND |  | 137389 | 0 | 0 |
| FASTENAL CO COM | COM | 311900104 |  | 12269 | 250191 | SH |  | DFND |  | 196419 | 0 | 53772 |
| BLOCK INC CL A | CL A | 852234103 |  | 13072 | 180872 | SH |  | DFND |  | 180872 | 0 | 0 |
| HEICO CORP NEW COM | COM | 422806109 |  | 4484 | 13890 | SH |  | DFND |  | 13890 | 0 | 0 |
| COMFORT SYS USA INC COM | COM | 199908104 |  | 2641 | 3201 | SH |  | DFND |  | 3201 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 310462 | 1451045 | SH |  | DFND |  | 1150974 | 0 | 300071 |
| AMGEN INC COM | COM | 031162100 |  | 26348 | 93366 | SH |  | DFND |  | 55179 | 0 | 38187 |
| PTC THERAPEUTICS INC COM | COM | 69366J200 |  | 5830 | 95005 | SH |  | DFND |  | 95005 | 0 | 0 |
| CARETRUST REIT INC COM | COM | 14174T107 |  | 2783 | 80239 | SH |  | DFND |  | 80239 | 0 | 0 |
| ARES MANAGEMENT CORPORATION CL A COM STK | COM | 03990B101 |  | 5810 | 36335 | SH |  | DFND |  | 36335 | 0 | 0 |
| PERMIAN RESOURCES CORP CLASS A COM | COM | 71424F105 |  | 4190 | 327364 | SH |  | DFND |  | 327364 | 0 | 0 |
| SOFI TECHNOLOGIES INC COM | COM | 83406F102 |  | 6322 | 239290 | SH |  | DFND |  | 239290 | 0 | 0 |
| MAPLEBEAR INC COM | COM | 565394103 |  | 3966 | 107876 | SH |  | DFND |  | 107876 | 0 | 0 |
| IDACORP INC COM | COM | 451107106 |  | 2469 | 18684 | SH |  | DFND |  | 18684 | 0 | 0 |
| IONQ INC COM | COM | 46222L108 |  | 6719 | 109245 | SH |  | DFND |  | 109245 | 0 | 0 |
| ARISTA NETWORKS INC COM SHS | COM SHS | 040413205 |  | 96480 | 662139 | SH |  | DFND |  | 602502 | 0 | 59637 |
| OLD NATL BANCORP IND COM | COM | 680033107 |  | 2696 | 122835 | SH |  | DFND |  | 122835 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT ORD | ORD | M22465104 |  | 1676 | 8102 | SH |  | DFND |  | 8102 | 0 | 0 |
| AMERICAN INTL GROUP INC COM NEW | COM NEW | 026874784 |  | 2321 | 29553 | SH |  | DFND |  | 29553 | 0 | 0 |
| BIOGEN INC COM | COM | 09062X103 |  | 797 | 5688 | SH |  | DFND |  | 5688 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 1781 | 12639 | SH |  | DFND |  | 12639 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL COM SHS | COM | 31620R303 |  | 515 | 8522 | SH |  | DFND |  | 8522 | 0 | 0 |
| SCHLUMBERGER LTD COM STK | COM STK | 806857108 |  | 1974 | 57434 | SH |  | DFND |  | 57434 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | COM | 824348106 |  | 14738 | 42562 | SH |  | DFND |  | 14217 | 0 | 28345 |
| MID-AMER APT CMNTYS INC COM | COM | 59522J103 |  | 930 | 6654 | SH |  | DFND |  | 6654 | 0 | 0 |
| ZOOM COMMUNICATIONS INC CL A | CL A | 98980L101 |  | 1181 | 14311 | SH |  | DFND |  | 14311 | 0 | 0 |
| GALLAGHER ARTHUR J  CO COM | COM | 363576109 |  | 3262 | 10530 | SH |  | DFND |  | 10530 | 0 | 0 |
| GENERAL MLS INC COM | COM | 370334104 |  | 1772 | 35153 | SH |  | DFND |  | 21499 | 0 | 13654 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 12459 | 80231 | SH |  | DFND |  | 80231 | 0 | 0 |
| NORTHERN TR CORP COM | COM | 665859104 |  | 1874 | 13920 | SH |  | DFND |  | 13920 | 0 | 0 |
| AIR PRODS  CHEMS INC COM | COM | 009158106 |  | 2603 | 9543 | SH |  | DFND |  | 9543 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN COM | COM | 015271109 |  | 376 | 4507 | SH |  | DFND |  | 4507 | 0 | 0 |
| HORMEL FOODS CORP COM | COM | 440452100 |  | 404 | 16334 | SH |  | DFND |  | 16334 | 0 | 0 |
| ONEOK INC NEW COM | COM | 682680103 |  | 1766 | 24205 | SH |  | DFND |  | 24205 | 0 | 0 |
| AMETEK INC COM | COM | 031100100 |  | 2229 | 11859 | SH |  | DFND |  | 11859 | 0 | 0 |
| TRANSUNION COM | COM | 89400J107 |  | 761 | 9088 | SH |  | DFND |  | 9088 | 0 | 0 |
| DEVON ENERGY CORP NEW COM | COM | 25179M103 |  | 997 | 28431 | SH |  | DFND |  | 28431 | 0 | 0 |
| TRUIST FINL CORP COM | COM | 89832Q109 |  | 2952 | 64574 | SH |  | DFND |  | 64574 | 0 | 0 |
| DOMINOS PIZZA INC COM | COM | 25754A201 |  | 729 | 1688 | SH |  | DFND |  | 1688 | 0 | 0 |
| KELLANOVA COM | COM | 487836108 |  | 829 | 10113 | SH |  | DFND |  | 10113 | 0 | 0 |
| POOL CORP COM | COM | 73278L105 |  | 411 | 1325 | SH |  | DFND |  | 1325 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN COM | COM | 74251V102 |  | 939 | 11327 | SH |  | DFND |  | 11327 | 0 | 0 |
| BALL CORP COM | COM | 058498106 |  | 765 | 15164 | SH |  | DFND |  | 15164 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL COM | COM | 91307C102 |  | 12184 | 29063 | SH |  | DFND |  | 10473 | 0 | 18590 |
| CAMDEN PPTY TR SH BEN INT | TR SH BEN INT | 133131102 |  | 494 | 4625 | SH |  | DFND |  | 4625 | 0 | 0 |
| GAMING  LEISURE PPTYS INC COM | COM | 36467J108 |  | 800 | 17171 | SH |  | DFND |  | 17171 | 0 | 0 |
| GRACO INC COM | COM | 384109104 |  | 590 | 6940 | SH |  | DFND |  | 6940 | 0 | 0 |
| JABIL INC COM | COM | 466313103 |  | 14899 | 68606 | SH |  | DFND |  | 68606 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN COM CL A | COM CL A | 45841N107 |  | 911 | 13240 | SH |  | DFND |  | 13240 | 0 | 0 |
| HALOZYME THERAPEUTICS INC COM | COM | 40637H109 |  | 21192 | 288952 | SH |  | DFND |  | 288952 | 0 | 0 |
| BOYD GAMING CORP COM | COM | 103304101 |  | 9647 | 111596 | SH |  | DFND |  | 111596 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC COM STK | COM STK | 05684B107 |  | 627 | 43977 | SH |  | DFND |  | 43977 | 0 | 0 |
| PROSPECT CAP CORP COM | COM | 74348T102 |  | 1432 | 520592 | SH |  | DFND |  | 520592 | 0 | 0 |
| NEW MTN FIN CORP COM | COM | 647551100 |  | 1992 | 206629 | SH |  | DFND |  | 206629 | 0 | 0 |
| EVERCORE INC CLASS A | CL A | 29977A105 |  | 91 | 270 | SH |  | DFND |  | 270 | 0 | 0 |
| FIRST HORIZON CORPORATION COM | COM | 320517105 |  | 85 | 3772 | SH |  | DFND |  | 3772 | 0 | 0 |
| ASSOCIATED BANC CORP COM | COM | 045487105 |  | 30 | 1164 | SH |  | DFND |  | 1164 | 0 | 0 |
| UMB FINL CORP COM | COM | 902788108 |  | 41 | 345 | SH |  | DFND |  | 345 | 0 | 0 |
| SOUTHSTATE BK CORP COM ADDED | COM ADDED | 84472E102 |  | 71 | 720 | SH |  | DFND |  | 720 | 0 | 0 |
| GLOBE LIFE INC COM | COM | 37959E102 |  | 1928 | 13488 | SH |  | DFND |  | 13488 | 0 | 0 |
| ABERCROMBIE  FITCH CO CL A | CL A | 002896207 |  | 1589 | 18572 | SH |  | DFND |  | 18572 | 0 | 0 |
| INFOSYS LTD SPONSORED ADR | SPONSORED ADR | 456788108 |  | 1111 | 68291 | SH |  | DFND |  | 68291 | 0 | 0 |
| REPUBLIC SVCS INC COM | COM | 760759100 |  | 9885 | 43076 | SH |  | DFND |  | 43076 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 20081 | 205680 | SH |  | DFND |  | 205680 | 0 | 0 |
| WASTE MGMT INC DEL COM | COM | 94106L109 |  | 7932 | 35920 | SH |  | DFND |  | 32404 | 0 | 3516 |
| MASTERCARD INCORPORATED CL A | CL A | 57636Q104 |  | 167032 | 293652 | SH |  | DFND |  | 181349 | 0 | 112303 |
| ZOETIS INC CL A | CL A | 98978V103 |  | 54745 | 374143 | SH |  | DFND |  | 182179 | 0 | 191964 |
| CINCINNATI FINL CORP COM | COM | 172062101 |  | 2267 | 14339 | SH |  | DFND |  | 14339 | 0 | 0 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 886699 | 4806121 | SH |  | DFND |  | 3482005 | 0 | 1324116 |
| COMCAST CORP NEW CL A | CL A | 20030N101 |  | 22195 | 706391 | SH |  | DFND |  | 547035 | 0 | 159356 |
| ORACLE CORP COM | COM | 68389X105 |  | 91075 | 323834 | SH |  | DFND |  | 253728 | 0 | 70106 |
| INGERSOLL RAND INC COM | COM | 45687V106 |  | 2347 | 28411 | SH |  | DFND |  | 28411 | 0 | 0 |
| INTUIT COM | COM | 461202103 |  | 55631 | 81461 | SH |  | DFND |  | 38483 | 0 | 42978 |
| TRAVELERS COMPANIES INC COM | COM | 89417E109 |  | 36803 | 136484 | SH |  | DFND |  | 136484 | 0 | 0 |
| JPMORGAN CHASE  CO. COM | COM | 46625H100 |  | 230696 | 734521 | SH |  | DFND |  | 639381 | 0 | 95140 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 76303 | 411513 | SH |  | DFND |  | 360311 | 0 | 51202 |
| KLA CORP COM NEW | COM NEW | 482480100 |  | 109351 | 101382 | SH |  | DFND |  | 88711 | 0 | 12671 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 2057 | 11760 | SH |  | DFND |  | 11760 | 0 | 0 |
| AXON ENTERPRISE INC COM | COM | 05464C101 |  | 7988 | 11131 | SH |  | DFND |  | 11131 | 0 | 0 |
| PRICE T ROWE GROUP INC COM | COM | 74144T108 |  | 2474 | 24106 | SH |  | DFND |  | 24106 | 0 | 0 |
| PRUDENTIAL FINL INC COM | COM | 744320102 |  | 2108 | 20322 | SH |  | DFND |  | 20322 | 0 | 0 |
| PURE STORAGE INC CL A | CL A | 74624M102 |  | 2612 | 31166 | SH |  | DFND |  | 31166 | 0 | 0 |
| DOORDASH INC CL A | CL A | 25809K105 |  | 11805 | 43403 | SH |  | DFND |  | 43403 | 0 | 0 |
| YUM CHINA HLDGS INC COM | COM | 98850P109 |  | 612 | 14263 | SH |  | DFND |  | 14263 | 0 | 0 |
| BENTLEY SYS INC COM CL B | COM CL B | 08265T208 |  | 2142 | 41605 | SH |  | DFND |  | 41605 | 0 | 0 |
| NUTANIX INC CL A | CL A | 67059N108 |  | 1715 | 23049 | SH |  | DFND |  | 23049 | 0 | 0 |
| CMS ENERGY CORP COM | COM | 125896100 |  | 29230 | 443054 | SH |  | DFND |  | 443054 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | CL B NEW | 084670702 |  | 53865 | 107142 | SH |  | DFND |  | 107142 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN COM | COM | 11133T103 |  | 2392 | 10044 | SH |  | DFND |  | 10044 | 0 | 0 |
| WILLIAMS COS INC COM | COM | 969457100 |  | 5680 | 89657 | SH |  | DFND |  | 89657 | 0 | 0 |
| THE CIGNA GROUP COM | COM | 125523100 |  | 9897 | 34336 | SH |  | DFND |  | 22406 | 0 | 11930 |
| NRG ENERGY INC COM NEW | COM NEW | 629377508 |  | 4663 | 28792 | SH |  | DFND |  | 28792 | 0 | 0 |
| HENRY JACK  ASSOC INC COM | COM | 426281101 |  | 2919 | 19598 | SH |  | DFND |  | 19598 | 0 | 0 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 7128 | 33862 | SH |  | DFND |  | 33862 | 0 | 0 |
| T-MOBILE US INC COM | COM | 872590104 |  | 45659 | 190737 | SH |  | DFND |  | 54465 | 0 | 136272 |
| CONSTELLATION ENERGY CORP COM | COM | 21037T109 |  | 9219 | 28015 | SH |  | DFND |  | 28015 | 0 | 0 |
| INSULET CORP COM | COM | 45784P101 |  | 3969 | 12856 | SH |  | DFND |  | 12856 | 0 | 0 |
| DELL TECHNOLOGIES INC CL C | CL C | 24703L202 |  | 12034 | 84886 | SH |  | DFND |  | 84886 | 0 | 0 |
| WOODWARD INC COM | COM | 980745103 |  | 1355 | 5360 | SH |  | DFND |  | 5360 | 0 | 0 |
| TTM TECHNOLOGIES INC COM | COM | 87305R109 |  | 5810 | 100860 | SH |  | DFND |  | 100860 | 0 | 0 |
| HIMS  HERS HEALTH INC COM CL A | COM CL A | 433000106 |  | 6081 | 107215 | SH |  | DFND |  | 107215 | 0 | 0 |
| NUSCALE PWR CORP CL A COM | CL A COM | 67079K100 |  | 4634 | 128727 | SH |  | DFND |  | 128727 | 0 | 0 |
| SEZZLE INC COM | COM | 78435P105 |  | 1940 | 24392 | SH |  | DFND |  | 24392 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS | SPONSORED ADS | 881624209 |  | 3378 | 167222 | SH |  | DFND |  | 167222 | 0 | 0 |
| HALLIBURTON CO COM | COM | 406216101 |  | 1040 | 42271 | SH |  | DFND |  | 42271 | 0 | 0 |
| TEXTRON INC COM | COM | 883203101 |  | 1292 | 15290 | SH |  | DFND |  | 15290 | 0 | 0 |
| GRIFOLS S A SP ADR REP B NVT | ADR | 398438408 |  | 361 | 36254 | SH |  | DFND |  | 36254 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC COM | COM | 09061G101 |  | 584 | 10789 | SH |  | DFND |  | 10789 | 0 | 0 |
| REGENERON PHARMACEUTICALS COM | COM | 75886F107 |  | 2380 | 4233 | SH |  | DFND |  | 4233 | 0 | 0 |
| ESSEX PPTY TR INC COM | COM | 297178105 |  | 744 | 2780 | SH |  | DFND |  | 2780 | 0 | 0 |
| WATERS CORP COM | COM | 941848103 |  | 915 | 3051 | SH |  | DFND |  | 3051 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC COM | COM | 955306105 |  | 1280 | 4879 | SH |  | DFND |  | 4879 | 0 | 0 |
| FIRSTENERGY CORP COM | COM | 337932107 |  | 1250 | 27278 | SH |  | DFND |  | 27278 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC COM | COM | 98956P102 |  | 1210 | 12287 | SH |  | DFND |  | 12287 | 0 | 0 |
| METLIFE INC COM | COM | 59156R108 |  | 1935 | 23497 | SH |  | DFND |  | 23497 | 0 | 0 |
| GARTNER INC COM | COM | 366651107 |  | 770 | 2929 | SH |  | DFND |  | 2929 | 0 | 0 |
| GLOBAL PMTS INC COM | COM | 37940X102 |  | 839 | 10097 | SH |  | DFND |  | 10097 | 0 | 0 |
| AFLAC INC COM | COM | 001055102 |  | 2443 | 21871 | SH |  | DFND |  | 21871 | 0 | 0 |
| NIKE INC CL B | CL B | 654106103 |  | 3389 | 48606 | SH |  | DFND |  | 48606 | 0 | 0 |
| SYSCO CORP COM | COM | 871829107 |  | 23526 | 285717 | SH |  | DFND |  | 169524 | 0 | 116193 |
| HERSHEY CO COM | COM | 427866108 |  | 10610 | 56722 | SH |  | DFND |  | 7117 | 0 | 49605 |
| ALNYLAM PHARMACEUTICALS INC COM | COM | 02043Q107 |  | 3057 | 6705 | SH |  | DFND |  | 6705 | 0 | 0 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 46018 | 93676 | SH |  | DFND |  | 75656 | 0 | 18020 |
| ANALOG DEVICES INC COM | COM | 032654105 |  | 6381 | 25972 | SH |  | DFND |  | 25972 | 0 | 0 |
| 3M CO COM | COM | 88579Y101 |  | 3554 | 22905 | SH |  | DFND |  | 22905 | 0 | 0 |
| TRIMBLE INC COM | COM | 896239100 |  | 1237 | 15144 | SH |  | DFND |  | 15144 | 0 | 0 |
| TYSON FOODS INC CL A | CL A | 902494103 |  | 871 | 16043 | SH |  | DFND |  | 16043 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN COM | COM | 744573106 |  | 1604 | 19224 | SH |  | DFND |  | 19224 | 0 | 0 |
| PULTE GROUP INC COM | COM | 745867101 |  | 3229 | 24439 | SH |  | DFND |  | 7838 | 0 | 16601 |
| ERIE INDTY CO CL A | CL A | 29530P102 |  | 405 | 1274 | SH |  | DFND |  | 1274 | 0 | 0 |
| BROWN  BROWN INC COM | COM | 115236101 |  | 1129 | 12035 | SH |  | DFND |  | 12035 | 0 | 0 |
| NEWS CORP NEW CL A | CL A | 65249B109 |  | 759 | 24725 | SH |  | DFND |  | 24725 | 0 | 0 |
| EXPAND ENERGY CORPORATION COM | COM | 165167735 |  | 1170 | 11013 | SH |  | DFND |  | 11013 | 0 | 0 |
| LABCORP HOLDINGS INC COM SHS | COM SHS | 504922105 |  | 1204 | 4195 | SH |  | DFND |  | 4195 | 0 | 0 |
| RED ROCK RESORTS INC CL A | CL A | 75700L108 |  | 4961 | 81254 | SH |  | DFND |  | 81254 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I COM | COM | 01973R101 |  | 4887 | 57576 | SH |  | DFND |  | 57576 | 0 | 0 |
| CREDICORP LTD COM | COM | G2519Y108 |  | 5204 | 19545 | SH |  | DFND |  | 19545 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION COM | COM | 69121K104 |  | 33 | 2599 | SH |  | DFND |  | 2599 | 0 | 0 |
| SERIES PORTFOLIOS TR ELDRIDGE BBB B | COM | 81752T528 |  | 1287 | 47999 | SH |  | DFND |  | 47999 | 0 | 0 |
| CRESCENT CAP BDC INC COM | COM | 225655109 |  | 911 | 63893 | SH |  | DFND |  | 63893 | 0 | 0 |
| WHITEHORSE FIN INC COM | COM | 96524V106 |  | 336 | 48487 | SH |  | DFND |  | 48487 | 0 | 0 |
| MONROE CAP CORP COM | COM | 610335101 |  | 718 | 102236 | SH |  | DFND |  | 102236 | 0 | 0 |
| PENNANTPARK INVT CORP COM | COM | 708062104 |  | 597 | 89022 | SH |  | DFND |  | 89022 | 0 | 0 |
| CANNAE HLDGS INC COM | COM | 13765N107 |  | 855 | 46718 | SH |  | DFND |  | 13121 | 0 | 33597 |
| PINNACLE FINL PARTNERS INC COM | COM | 72346Q104 |  | 51 | 542 | SH |  | DFND |  | 542 | 0 | 0 |
| COMMERCE BANCSHARES INC COM | COM | 200525103 |  | 57 | 953 | SH |  | DFND |  | 953 | 0 | 0 |
| UIPATH INC CL A | CL A | 90364P105 |  | 245 | 18316 | SH |  | DFND |  | 18316 | 0 | 0 |
| TPG INC COM CL A | COM CL A | 872657101 |  | 42 | 731 | SH |  | DFND |  | 731 | 0 | 0 |
| ARM HOLDINGS PLC SPONSORED ADS | SPONSORED ADS | 042068205 |  | 103 | 730 | SH |  | DFND |  | 730 | 0 | 0 |
| POPULAR INC COM NEW | COM NEW | 733174700 |  | 65 | 508 | SH |  | DFND |  | 508 | 0 | 0 |
| CROCS INC COM | COM | 227046109 |  | 1256 | 15033 | SH |  | DFND |  | 15033 | 0 | 0 |
| TAPESTRY INC COM | COM | 876030107 |  | 2053 | 18129 | SH |  | DFND |  | 18129 | 0 | 0 |
| ELI LILLY  CO COM | COM | 532457108 |  | 95023 | 125615 | SH |  | DFND |  | 71490 | 0 | 54125 |
| VULCAN MATLS CO COM | COM | 929160109 |  | 2710 | 8810 | SH |  | DFND |  | 8810 | 0 | 0 |
| WARNER BROS DISCOVERY INC COM SER A | COM SER A | 934423104 |  | 20693 | 1059547 | SH |  | DFND |  | 1059547 | 0 | 0 |
| S GLOBAL INC COM | COM | 78409V104 |  | 33942 | 74797 | SH |  | DFND |  | 74797 | 0 | 0 |
| WELLS FARGO CO NEW COM | COM | 949746101 |  | 25650 | 306010 | SH |  | DFND |  | 306010 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 231891 | 711932 | SH |  | DFND |  | 604159 | 0 | 107773 |
| FIDELITY NATL INFORMATION SV COM | COM | 31620M106 |  | 24788 | 425521 | SH |  | DFND |  | 425521 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL COM | COM | 592688105 |  | 2148 | 1750 | SH |  | DFND |  | 1750 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 706461 | 1384355 | SH |  | DFND |  | 1000563 | 0 | 383792 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 7577 | 21570 | SH |  | DFND |  | 21570 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 26144 | 166565 | SH |  | DFND |  | 51654 | 0 | 114911 |
| MONOLITHIC PWR SYS INC COM | COM | 609839105 |  | 3567 | 3874 | SH |  | DFND |  | 3874 | 0 | 0 |
| GRAINGER W W INC COM | COM | 384802104 |  | 14206 | 14907 | SH |  | DFND |  | 6751 | 0 | 8156 |
| ALPHABET INC CAP STK CL A | CL A | 02079K305 |  | 447129 | 1868824 | SH |  | DFND |  | 1384096 | 0 | 484728 |
| CORNING INC COM | COM | 219350105 |  | 5460 | 66561 | SH |  | DFND |  | 66561 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY COM | COM | 036752103 |  | 44365 | 145408 | SH |  | DFND |  | 87439 | 0 | 57969 |
| INTERCONTINENTAL EXCHANGE IN COM | COM | 45866F104 |  | 23078 | 136979 | SH |  | DFND |  | 45071 | 0 | 91908 |
| PAYPAL HLDGS INC COM | COM | 70450Y103 |  | 24630 | 367290 | SH |  | DFND |  | 254807 | 0 | 112483 |
| FIRST CTZNS BANCSHARES INC D CL A | CL A | 31946M103 |  | 16072 | 8983 | SH |  | DFND |  | 4429 | 0 | 4554 |
| GE VERNOVA INC COM | COM | 36828A101 |  | 11919 | 19383 | SH |  | DFND |  | 19383 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 49737 | 107938 | SH |  | DFND |  | 61837 | 0 | 46101 |
| AECOM COM | COM | 00766T100 |  | 14578 | 125721 | SH |  | DFND |  | 125721 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS | SPONSORED ADS | 04965M106 |  | 1813 | 48223 | SH |  | DFND |  | 35991 | 0 | 12232 |
| BERKLEY W R CORP COM | COM | 084423102 |  | 2415 | 31520 | SH |  | DFND |  | 31520 | 0 | 0 |
| RESMED INC COM | COM | 761152107 |  | 19995 | 73048 | SH |  | DFND |  | 36909 | 0 | 36139 |
| AMERICAN ELEC PWR CO INC COM | COM | 025537101 |  | 5017 | 44598 | SH |  | DFND |  | 44598 | 0 | 0 |
| DELTA AIR LINES INC DEL COM NEW | COM NEW | 247361702 |  | 10787 | 190088 | SH |  | DFND |  | 190088 | 0 | 0 |
| CARNIVAL CORP UNIT 99/99/9999 | UNIT | 143658300 |  | 9066 | 313579 | SH |  | DFND |  | 313579 | 0 | 0 |
| APPLOVIN CORP COM CL A | COM CL A | 03831W108 |  | 37629 | 52369 | SH |  | DFND |  | 44364 | 0 | 8005 |
| MARA HOLDINGS INC COM | COM | 565788106 |  | 5412 | 296390 | SH |  | DFND |  | 296390 | 0 | 0 |
| SYMBOTIC INC CLASS A COM | COM | 87151X101 |  | 5168 | 95872 | SH |  | DFND |  | 95872 | 0 | 0 |
| EXELON CORP COM | COM | 30161N101 |  | 3049 | 67750 | SH |  | DFND |  | 67750 | 0 | 0 |
| EVERGY INC COM | COM | 30034W106 |  | 1182 | 15552 | SH |  | DFND |  | 15552 | 0 | 0 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 3349 | 25527 | SH |  | DFND |  | 25527 | 0 | 0 |
| WABTEC COM | COM | 929740108 |  | 2015 | 10053 | SH |  | DFND |  | 10053 | 0 | 0 |
| WEYERHAEUSER CO MTN BE COM NEW | COM NEW | 962166104 |  | 1037 | 41826 | SH |  | DFND |  | 41826 | 0 | 0 |
| CDW CORP COM | COM | 12514G108 |  | 7866 | 49385 | SH |  | DFND |  | 5058 | 0 | 44327 |
| FIFTH THIRD BANCORP COM | COM | 316773100 |  | 1358 | 30482 | SH |  | DFND |  | 30482 | 0 | 0 |
| MCCORMICK  CO INC COM NON VTG | COM NON VTG | 579780206 |  | 803 | 11995 | SH |  | DFND |  | 11995 | 0 | 0 |
| SEMPRA COM | COM | 816851109 |  | 2381 | 26463 | SH |  | DFND |  | 26463 | 0 | 0 |
| YUM BRANDS INC COM | COM | 988498101 |  | 1691 | 11127 | SH |  | DFND |  | 11127 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. COM | COM | 595017104 |  | 2092 | 32576 | SH |  | DFND |  | 32576 | 0 | 0 |
| SNAP ON INC COM | COM | 833034101 |  | 1360 | 3926 | SH |  | DFND |  | 3926 | 0 | 0 |
| MOLINA HEALTHCARE INC COM | COM | 60855R100 |  | 2787 | 14562 | SH |  | DFND |  | 1696 | 0 | 12866 |
| CITIZENS FINL GROUP INC COM | COM | 174610105 |  | 1599 | 30077 | SH |  | DFND |  | 30077 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC COM | COM | 42250P103 |  | 574 | 29963 | SH |  | DFND |  | 29963 | 0 | 0 |
| NETAPP INC COM | COM | 64110D104 |  | 35406 | 298883 | SH |  | DFND |  | 212986 | 0 | 85897 |
| NUCOR CORP COM | COM | 670346105 |  | 1710 | 12630 | SH |  | DFND |  | 12630 | 0 | 0 |
| CONOCOPHILLIPS COM | COM | 20825C104 |  | 4754 | 50254 | SH |  | DFND |  | 50254 | 0 | 0 |
| HUNT J B TRANS SVCS INC COM | COM | 445658107 |  | 509 | 3790 | SH |  | DFND |  | 3790 | 0 | 0 |
| AMERICAN HOMES 4 RENT CL A | CL A | 02665T306 |  | 630 | 18933 | SH |  | DFND |  | 18933 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | COM | 452308109 |  | 19594 | 75142 | SH |  | DFND |  | 44890 | 0 | 30252 |
| ILLUMINA INC COM | COM | 452327109 |  | 506 | 5329 | SH |  | DFND |  | 5329 | 0 | 0 |
| PACCAR INC COM | COM | 693718108 |  | 2888 | 29373 | SH |  | DFND |  | 20646 | 0 | 8727 |
| AMERICAN WTR WKS CO INC NEW COM | COM | 030420103 |  | 1155 | 8298 | SH |  | DFND |  | 8298 | 0 | 0 |
| DANAHER CORPORATION COM | COM | 235851102 |  | 5399 | 27233 | SH |  | DFND |  | 27233 | 0 | 0 |
| DEXCOM INC COM | COM | 252131107 |  | 3693 | 54880 | SH |  | DFND |  | 19225 | 0 | 35655 |
| KEYCORP COM | COM | 493267108 |  | 983 | 52585 | SH |  | DFND |  | 52585 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | COM | 494368103 |  | 10161 | 81722 | SH |  | DFND |  | 81722 | 0 | 0 |
| PUBLIC STORAGE OPER CO COM | COM | 74460D109 |  | 1787 | 6185 | SH |  | DFND |  | 6185 | 0 | 0 |
| WP CAREY INC COM | COM | 92936U109 |  | 742 | 10974 | SH |  | DFND |  | 10974 | 0 | 0 |
| ENTEGRIS INC COM | COM | 29362U104 |  | 385 | 4159 | SH |  | DFND |  | 4159 | 0 | 0 |
| LPL FINL HLDGS INC COM | COM | 50212V100 |  | 8444 | 25380 | SH |  | DFND |  | 4057 | 0 | 21323 |
| COREBRIDGE FINL INC COM | COM | 21871X109 |  | 347 | 10831 | SH |  | DFND |  | 10831 | 0 | 0 |
| SUPER MICRO COMPUTER INC COM NEW | COM NEW | 86800U302 |  | 991 | 20666 | SH |  | DFND |  | 20666 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | COM | 85208M102 |  | 5228 | 48050 | SH |  | DFND |  | 48050 | 0 | 0 |
| WEST FRASER TIMBER CO LTD COM | COM | 952845105 |  | 168 | 2473 | SH |  | DFND |  | 2473 | 0 | 0 |
| FRANKLIN STR PPTYS CORP COM | COM | 35471R106 |  | 622 | 388772 | SH |  | DFND |  | 388772 | 0 | 0 |
| ARES CAPITAL CORP COM | COM | 04010L103 |  | 36 | 1778 | SH |  | DFND |  | 1778 | 0 | 0 |
| ARES COML REAL ESTATE CORP COM | COM | 04013V108 |  | 2545 | 564209 | SH |  | DFND |  | 564209 | 0 | 0 |
| GOLUB CAP BDC INC COM | COM | 38173M102 |  | 34 | 2494 | SH |  | DFND |  | 2494 | 0 | 0 |
| BLACKROCK TCP CAPITAL CORP COM | COM | 09259E108 |  | 2592 | 417991 | SH |  | DFND |  | 417991 | 0 | 0 |
| BCP INVESTMENT CORPORATION COM NEW | NEW COM | 73688F201 |  | 320 | 27714 | SH |  | DFND |  | 27714 | 0 | 0 |
| SLR INVESTMENT CORP COM | COM | 83413U100 |  | 1015 | 66404 | SH |  | DFND |  | 66404 | 0 | 0 |
| COGNEX CORP COM | COM | 192422103 |  | 115 | 2540 | SH |  | DFND |  | 2540 | 0 | 0 |
| ALLY FINL INC COM | COM | 02005N100 |  | 87 | 2219 | SH |  | DFND |  | 2219 | 0 | 0 |
| SLM CORP COM | COM | 78442P106 |  | 43 | 1537 | SH |  | DFND |  | 1537 | 0 | 0 |
| WESTERN ALLIANCE BANCORP COM | COM | 957638109 |  | 66 | 761 | SH |  | DFND |  | 761 | 0 | 0 |
| FRANKLIN RESOURCES INC COM | COM | 354613101 |  | 64 | 2768 | SH |  | DFND |  | 2768 | 0 | 0 |
| HANCOCK WHITNEY CORPORATION COM | COM | 410120109 |  | 38 | 612 | SH |  | DFND |  | 612 | 0 | 0 |
| HAMILTON LANE INC CL A | CL A | 407497106 |  | 40 | 299 | SH |  | DFND |  | 299 | 0 | 0 |
| BGC GROUP INC CL A | CL A | 088929104 |  | 33 | 3470 | SH |  | DFND |  | 3470 | 0 | 0 |
| PIPER SANDLER COMPANIES COM | COM | 724078100 |  | 40 | 114 | SH |  | DFND |  | 114 | 0 | 0 |
| MOELIS  CO CL A | CL A | 60786M105 |  | 36 | 503 | SH |  | DFND |  | 503 | 0 | 0 |
| NELNET INC CL A | CL A | 64031N108 |  | 32 | 259 | SH |  | DFND |  | 259 | 0 | 0 |
| NEXTRACKER INC CLASS A COM | COM CL A | 65290E101 |  | 2093 | 28293 | SH |  | DFND |  | 28293 | 0 | 0 |
| EQUINIX INC COM | COM | 29444U700 |  | 3711 | 4738 | SH |  | DFND |  | 4738 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW COM | COM | 7591EP100 |  | 2772 | 105109 | SH |  | DFND |  | 105109 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC COM CL A | COM CL A | 76954A103 |  | 1423 | 96901 | SH |  | DFND |  | 96901 | 0 | 0 |
| WALMART INC COM | COM | 931142103 |  | 89747 | 870825 | SH |  | DFND |  | 499021 | 0 | 371804 |
| SBA COMMUNICATIONS CORP NEW CL A | CL A | 78410G104 |  | 1401 | 7247 | SH |  | DFND |  | 7247 | 0 | 0 |
| SERVICENOW INC COM | COM | 81762P102 |  | 23951 | 26026 | SH |  | DFND |  | 18473 | 0 | 7553 |
| FORTIVE CORP COM | COM | 34959J108 |  | 930 | 18981 | SH |  | DFND |  | 18981 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | COM | 595112103 |  | 30844 | 184342 | SH |  | DFND |  | 184342 | 0 | 0 |
| GENERAL MTRS CO COM | COM | 37045V100 |  | 55305 | 907092 | SH |  | DFND |  | 725077 | 0 | 182015 |
| CHARTER COMMUNICATIONS INC N CL A | CL A | 16119P108 |  | 10823 | 39340 | SH |  | DFND |  | 19941 | 0 | 19399 |
| CINTAS CORP COM | COM | 172908105 |  | 17492 | 85217 | SH |  | DFND |  | 50247 | 0 | 34970 |
| ABBVIE INC COM | COM | 00287Y109 |  | 99021 | 427663 | SH |  | DFND |  | 377902 | 0 | 49761 |
| ADVANCED MICRO DEVICES INC COM | COM | 007903107 |  | 31794 | 196514 | SH |  | DFND |  | 196514 | 0 | 0 |
| HOME DEPOT INC COM | COM | 437076102 |  | 33616 | 82964 | SH |  | DFND |  | 82964 | 0 | 0 |
| ON SEMICONDUCTOR CORP COM | COM | 682189105 |  | 1512 | 30657 | SH |  | DFND |  | 30657 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 2276 | 24894 | SH |  | DFND |  | 24894 | 0 | 0 |
| PTC INC COM | COM | 69370C100 |  | 3096 | 15248 | SH |  | DFND |  | 15248 | 0 | 0 |
| TRACTOR SUPPLY CO COM | COM | 892356106 |  | 55255 | 971595 | SH |  | DFND |  | 828445 | 0 | 143150 |
| APPLE INC COM | COM | 037833100 |  | 539129 | 2142988 | SH |  | DFND |  | 1562269 | 0 | 580719 |
| TWILIO INC CL A | CL A | 90138F102 |  | 1759 | 17573 | SH |  | DFND |  | 17573 | 0 | 0 |
| US BANCORP DEL COM NEW | COM NEW | 902973304 |  | 4459 | 92263 | SH |  | DFND |  | 92263 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 67527 | 459478 | SH |  | DFND |  | 403796 | 0 | 55682 |
| VENTAS INC COM | COM | 92276F100 |  | 2570 | 36713 | SH |  | DFND |  | 36713 | 0 | 0 |
| HYATT HOTELS CORP COM CL A | CL A | 448579102 |  | 1007 | 7096 | SH |  | DFND |  | 7096 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 24718 | 219230 | SH |  | DFND |  | 219230 | 0 | 0 |
| MONDELEZ INTL INC CL A | CL A | 609207105 |  | 5904 | 94504 | SH |  | DFND |  | 94504 | 0 | 0 |
| ABBOTT LABS COM | COM | 002824100 |  | 12721 | 94973 | SH |  | DFND |  | 94973 | 0 | 0 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 5642 | 32636 | SH |  | DFND |  | 32636 | 0 | 0 |
| AUTOZONE INC COM | COM | 053332102 |  | 5539 | 1291 | SH |  | DFND |  | 1291 | 0 | 0 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 4819 | 79281 | SH |  | DFND |  | 79281 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP COM | COM | 144285103 |  | 2776 | 11304 | SH |  | DFND |  | 11304 | 0 | 0 |
| DYNATRACE INC COM NEW | COM NEW | 268150109 |  | 2487 | 51326 | SH |  | DFND |  | 51326 | 0 | 0 |
| COHERENT CORP COM | COM | 19247G107 |  | 5352 | 49687 | SH |  | DFND |  | 49687 | 0 | 0 |
| CURTISS WRIGHT CORP COM | COM | 231561101 |  | 2781 | 5122 | SH |  | DFND |  | 5122 | 0 | 0 |
| ROCKET LAB CORP COM | COM ADDED | 773121108 |  | 8123 | 169555 | SH |  | DFND |  | 169555 | 0 | 0 |
| CLEANSPARK INC COM NEW | COM NEW | 18452B209 |  | 7182 | 495330 | SH |  | DFND |  | 495330 | 0 | 0 |
| HECLA MNG CO COM | COM | 422704106 |  | 3906 | 322789 | SH |  | DFND |  | 322789 | 0 | 0 |
| DOLLAR TREE INC COM | COM | 256746108 |  | 2583 | 27370 | SH |  | DFND |  | 27370 | 0 | 0 |
| ONEMAIN HLDGS INC COM | COM | 68268W103 |  | 308 | 5453 | SH |  | DFND |  | 5453 | 0 | 0 |
| SHELL PLC SPON ADS | ADS | 780259305 |  | 692 | 9671 | SH |  | DFND |  | 9671 | 0 | 0 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 1831 | 19653 | SH |  | DFND |  | 19653 | 0 | 0 |
| ESSENTIAL UTILS INC COM | COM | 29670G102 |  | 426 | 10679 | SH |  | DFND |  | 10679 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR CL A | CL A | 099502106 |  | 3302 | 33032 | SH |  | DFND |  | 4847 | 0 | 28185 |
| BXP INC COM | COM | 101121101 |  | 718 | 9652 | SH |  | DFND |  | 9652 | 0 | 0 |
| MSCI INC COM | COM | 55354G100 |  | 2270 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| CARLISLE COS INC COM | COM | 142339100 |  | 17288 | 52553 | SH |  | DFND |  | 38175 | 0 | 14378 |
| CENTENE CORP DEL COM | COM | 15135B101 |  | 494 | 13847 | SH |  | DFND |  | 13847 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | COM NEW | 16411R208 |  | 7404 | 31507 | SH |  | DFND |  | 31507 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR COM | COM | 874054109 |  | 2127 | 8234 | SH |  | DFND |  | 8234 | 0 | 0 |
| COSTAR GROUP INC COM | COM | 22160N109 |  | 1372 | 16264 | SH |  | DFND |  | 16264 | 0 | 0 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 797 | 27160 | SH |  | DFND |  | 27160 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 9061 | 11951 | SH |  | DFND |  | 5240 | 0 | 6711 |
| PEPSICO INC COM | COM | 713448108 |  | 27261 | 194110 | SH |  | DFND |  | 135972 | 0 | 58138 |
| DOMINION ENERGY INC COM | COM | 25746U109 |  | 2162 | 35351 | SH |  | DFND |  | 35351 | 0 | 0 |
| UDR INC COM | COM | 902653104 |  | 594 | 15937 | SH |  | DFND |  | 15937 | 0 | 0 |
| KRAFT HEINZ CO COM | COM | 500754106 |  | 971 | 37283 | SH |  | DFND |  | 37283 | 0 | 0 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 12534 | 109450 | SH |  | DFND |  | 43453 | 0 | 65997 |
| LAS VEGAS SANDS CORP COM | COM | 517834107 |  | 1294 | 24050 | SH |  | DFND |  | 24050 | 0 | 0 |
| LENNOX INTL INC COM | COM | 526107107 |  | 1091 | 2061 | SH |  | DFND |  | 2061 | 0 | 0 |
| WATSCO INC COM | COM | 942622200 |  | 456 | 1127 | SH |  | DFND |  | 1127 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | COM | 29472R108 |  | 581 | 9570 | SH |  | DFND |  | 9570 | 0 | 0 |
| WILLIAMS SONOMA INC COM | COM | 969904101 |  | 19412 | 99322 | SH |  | DFND |  | 48389 | 0 | 50933 |
| NATERA INC COM | COM | 632307104 |  | 666 | 4139 | SH |  | DFND |  | 4139 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC COM | COM | 64125C109 |  | 1131 | 8055 | SH |  | DFND |  | 8055 | 0 | 0 |
| SOLVENTUM CORP COM SHS | COM SHS | 83444M101 |  | 856 | 11727 | SH |  | DFND |  | 11727 | 0 | 0 |
| RALPH LAUREN CORP CL A | CL A | 751212101 |  | 14877 | 47445 | SH |  | DFND |  | 47445 | 0 | 0 |
| VONTIER CORPORATION COM | COM | 928881101 |  | 4916 | 117128 | SH |  | DFND |  | 117128 | 0 | 0 |
| MEDPACE HLDGS INC COM | COM | 58506Q109 |  | 7941 | 15444 | SH |  | DFND |  | 15444 | 0 | 0 |
| NATIONAL FUEL GAS CO COM | COM | 636180101 |  | 7364 | 79723 | SH |  | DFND |  | 79723 | 0 | 0 |
| EMPIRE ST RLTY TR INC CL A | CL A | 292104106 |  | 193 | 25148 | SH |  | DFND |  | 25148 | 0 | 0 |
| APOLLO COML REAL EST FIN INC COM | COM | 03762U105 |  | 2834 | 279761 | SH |  | DFND |  | 279761 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO COM NEW | COM NEW | 03761U502 |  | 3445 | 287296 | SH |  | DFND |  | 287296 | 0 | 0 |
| EAGLE POINT CREDIT COMPANY I COM | COM | 269808101 |  | 443 | 67052 | SH |  | DFND |  | 67052 | 0 | 0 |
| FS KKR CAP CORP COM | COM | 302635206 |  | 2412 | 161583 | SH |  | DFND |  | 161583 | 0 | 0 |
| BLACKSTONE SECD LENDING FD COMMON STOCK | COMMON STOCK | 09261X102 |  | 32 | 1240 | SH |  | DFND |  | 1240 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST COM | COM | 486606106 |  | 1165 | 94200 | SH |  | DFND |  | 94200 | 0 | 0 |
| MORGAN STANLEY DIRECT LENDIN COM SHS | COM SHS | 61774A103 |  | 866 | 53885 | SH |  | DFND |  | 53885 | 0 | 0 |
| HOULIHAN LOKEY INC CL A | CL A | 441593100 |  | 103 | 500 | SH |  | DFND |  | 500 | 0 | 0 |
| GLACIER BANCORP INC NEW COM | NEW COM | 37637Q105 |  | 39 | 800 | SH |  | DFND |  | 800 | 0 | 0 |
| UPSTART HLDGS INC COM | COM | 91680M107 |  | 34 | 673 | SH |  | DFND |  | 673 | 0 | 0 |
| COLUMBIA BKG SYS INC COM | COM | 197236102 |  | 38 | 1485 | SH |  | DFND |  | 1485 | 0 | 0 |
| AMERIS BANCORP COM | COM | 03076K108 |  | 36 | 487 | SH |  | DFND |  | 487 | 0 | 0 |
| VALLEY NATL BANCORP COM | COM | 919794107 |  | 42 | 3946 | SH |  | DFND |  | 3946 | 0 | 0 |
| SALESFORCE INC COM | COM | 79466L302 |  | 28946 | 122136 | SH |  | DFND |  | 88394 | 0 | 33742 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 10341 | 229293 | SH |  | DFND |  | 103300 | 0 | 125993 |
| XYLEM INC COM | COM | 98419M100 |  | 21147 | 143367 | SH |  | DFND |  | 13834 | 0 | 129533 |
| SCHWAB CHARLES CORP COM | COM | 808513105 |  | 10546 | 110463 | SH |  | DFND |  | 110463 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 18491 | 23220 | SH |  | DFND |  | 23220 | 0 | 0 |
| NASDAQ INC COM | COM | 631103108 |  | 5126 | 57950 | SH |  | DFND |  | 57950 | 0 | 0 |
| CITIGROUP INC COM NEW | COM NEW | 172967424 |  | 21940 | 216158 | SH |  | DFND |  | 216158 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 83667 | 578853 | SH |  | DFND |  | 490065 | 0 | 88788 |
| CROWN CASTLE INC COM | COM | 22822V101 |  | 3909 | 40512 | SH |  | DFND |  | 40512 | 0 | 0 |
| IDEXX LABS INC COM | COM | 45168D104 |  | 28769 | 45029 | SH |  | DFND |  | 45029 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | CL A | 69608A108 |  | 46387 | 254288 | SH |  | DFND |  | 254288 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 31377 | 181053 | SH |  | DFND |  | 181053 | 0 | 0 |
| DISNEY WALT CO COM | COM | 254687106 |  | 34107 | 297878 | SH |  | DFND |  | 185060 | 0 | 112818 |
| DOCUSIGN INC COM | COM | 256163106 |  | 1896 | 26294 | SH |  | DFND |  | 26294 | 0 | 0 |
| ECOLAB INC COM | COM | 278865100 |  | 31211 | 113968 | SH |  | DFND |  | 26072 | 0 | 87896 |
| PROGRESSIVE CORP COM | COM | 743315103 |  | 90256 | 365483 | SH |  | DFND |  | 323339 | 0 | 42144 |
| UNITED RENTALS INC COM | COM | 911363109 |  | 18541 | 19422 | SH |  | DFND |  | 6420 | 0 | 13002 |
| ROYAL CARIBBEAN GROUP COM | COM | V7780T103 |  | 17434 | 53877 | SH |  | DFND |  | 53877 | 0 | 0 |
| FACTSET RESH SYS INC COM | COM | 303075105 |  | 668 | 2333 | SH |  | DFND |  | 2333 | 0 | 0 |
| FIRST SOLAR INC COM | COM | 336433107 |  | 8609 | 39037 | SH |  | DFND |  | 39037 | 0 | 0 |
| STRATEGY INC CL A NEW | CL A | 594972408 |  | 18566 | 57620 | SH |  | DFND |  | 57620 | 0 | 0 |
| ASTRAZENECA PLC SPONSORED ADR | SPONSORED ADR | 046353108 |  | 48715 | 677594 | SH |  | DFND |  | 677594 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 35717 | 109377 | SH |  | DFND |  | 109377 | 0 | 0 |
| HARMONY GOLD MINING CO LTD SPONSORED ADR | SPONSORED ADR | 413216300 |  | 9284 | 511535 | SH |  | DFND |  | 472092 | 0 | 39443 |
| BOEING CO COM | COM | 097023105 |  | 9224 | 42739 | SH |  | DFND |  | 42739 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | COM | 776696106 |  | 4697 | 9419 | SH |  | DFND |  | 9419 | 0 | 0 |
| XCEL ENERGY INC COM | COM | 98389B100 |  | 3339 | 41406 | SH |  | DFND |  | 41406 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW COM | COM | 61174X109 |  | 19205 | 285318 | SH |  | DFND |  | 285318 | 0 | 0 |
| CELSIUS HLDGS INC COM NEW | COM NEW | 15118V207 |  | 4685 | 81491 | SH |  | DFND |  | 81491 | 0 | 0 |
| AMEREN CORP COM | COM | 023608102 |  | 4018 | 38498 | SH |  | DFND |  | 38498 | 0 | 0 |
| DATADOG INC CL A COM | COM | 23804L103 |  | 7372 | 51769 | SH |  | DFND |  | 51769 | 0 | 0 |
| DIAMONDBACK ENERGY INC COM | COM | 25278X109 |  | 5655 | 39520 | SH |  | DFND |  | 39520 | 0 | 0 |
| LAUDER ESTEE COS INC CL A | CL A | 518439104 |  | 3595 | 40798 | SH |  | DFND |  | 40798 | 0 | 0 |
| VIATRIS INC COM | COM | 92556V106 |  | 4499 | 454411 | SH |  | DFND |  | 454411 | 0 | 0 |
| ROLLINS INC COM | COM | 775711104 |  | 3593 | 61161 | SH |  | DFND |  | 61161 | 0 | 0 |
| US FOODS HLDG CORP COM | COM | 912008109 |  | 4686 | 61162 | SH |  | DFND |  | 61162 | 0 | 0 |
| CAL MAINE FOODS INC COM NEW | COM NEW | 128030202 |  | 36920 | 392347 | SH |  | DFND |  | 392347 | 0 | 0 |
| COINBASE GLOBAL INC COM CL A | COM CL A | 19260Q107 |  | 8021 | 23766 | SH |  | DFND |  | 23766 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 5643 | 12339 | SH |  | DFND |  | 12339 | 0 | 0 |
| GALAXY DIGITAL INC. CL A | CL A | 36317J209 |  | 6525 | 192998 | SH |  | DFND |  | 192998 | 0 | 0 |
| SEA LTD SPONSORD ADS | SPONSORED ADS | 81141R100 |  | 4452 | 24909 | SH |  | DFND |  | 24909 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO CL A | CL A | 192446102 |  | 6928 | 103289 | SH |  | DFND |  | 103289 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 7634 | 299606 | SH |  | DFND |  | 258521 | 0 | 41085 |
| ROCKWELL AUTOMATION INC COM | COM | 773903109 |  | 12294 | 35173 | SH |  | DFND |  | 5741 | 0 | 29432 |
| BURLINGTON STORES INC COM | COM | 122017106 |  | 926 | 3637 | SH |  | DFND |  | 3637 | 0 | 0 |
| CF INDS HLDGS INC COM | COM | 125269100 |  | 15903 | 177295 | SH |  | DFND |  | 81993 | 0 | 95302 |
| FREEPORT-MCMORAN INC CL B | CL B | 35671D857 |  | 8090 | 206276 | SH |  | DFND |  | 206276 | 0 | 0 |
| GODADDY INC CL A | CL A | 380237107 |  | 3148 | 23007 | SH |  | DFND |  | 23007 | 0 | 0 |
| NVR INC COM | COM | 62944T105 |  | 5600 | 697 | SH |  | DFND |  | 116 | 0 | 581 |
| NISOURCE INC COM | COM | 65473P105 |  | 1078 | 24901 | SH |  | DFND |  | 24901 | 0 | 0 |
| AGILENT TECHNOLOGIES INC COM | COM | 00846U101 |  | 1639 | 12768 | SH |  | DFND |  | 12768 | 0 | 0 |
| HOLOGIC INC COM | COM | 436440101 |  | 852 | 12619 | SH |  | DFND |  | 12619 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 2941 | 9791 | SH |  | DFND |  | 9791 | 0 | 0 |
| ALIGN TECHNOLOGY INC COM | COM | 016255101 |  | 364 | 2903 | SH |  | DFND |  | 2903 | 0 | 0 |
| HUBSPOT INC COM | COM | 443573100 |  | 1294 | 2766 | SH |  | DFND |  | 2766 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN COM | COM | 679580100 |  | 965 | 6857 | SH |  | DFND |  | 6857 | 0 | 0 |
| IDEX CORP COM | COM | 45167R104 |  | 684 | 4200 | SH |  | DFND |  | 4200 | 0 | 0 |
| THE TRADE DESK INC COM CL A | COM CL A | 88339J105 |  | 1054 | 21505 | SH |  | DFND |  | 21505 | 0 | 0 |
| IRON MTN INC DEL COM | COM | 46284V101 |  | 1471 | 14429 | SH |  | DFND |  | 14429 | 0 | 0 |
| REVVITY INC COM | COM | 714046109 |  | 492 | 5616 | SH |  | DFND |  | 5616 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 2355 | 17311 | SH |  | DFND |  | 17311 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 38064 | 161036 | SH |  | DFND |  | 61351 | 0 | 99685 |
| KIMCO RLTY CORP COM | COM | 49446R109 |  | 1047 | 47939 | SH |  | DFND |  | 47939 | 0 | 0 |
| VALERO ENERGY CORP COM | COM | 91913Y100 |  | 2588 | 15203 | SH |  | DFND |  | 15203 | 0 | 0 |
| EDISON INTL COM | COM | 281020107 |  | 9154 | 165585 | SH |  | DFND |  | 19587 | 0 | 145998 |
| ELECTRONIC ARTS INC COM | COM | 285512109 |  | 22518 | 111640 | SH |  | DFND |  | 12282 | 0 | 99358 |
| VERTEX PHARMACEUTICALS INC COM | COM | 92532F100 |  | 4152 | 10602 | SH |  | DFND |  | 10602 | 0 | 0 |
| PG CORP COM | COM | 69331C108 |  | 3225 | 213881 | SH |  | DFND |  | 213881 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI COM | COM | 88262P102 |  | 696 | 745 | SH |  | DFND |  | 745 | 0 | 0 |
| TOAST INC CL A | CL A | 888787108 |  | 879 | 24079 | SH |  | DFND |  | 24079 | 0 | 0 |
| INTERDIGITAL INC COM | COM | 45867G101 |  | 27394 | 79349 | SH |  | DFND |  | 79349 | 0 | 0 |
| CHORD ENERGY CORPORATION COM NEW | COM | 674215207 |  | 4546 | 45749 | SH |  | DFND |  | 45749 | 0 | 0 |
| BLACKSTONE MTG TR INC COM CL A | COM CL A | 09257W100 |  | 2647 | 143759 | SH |  | DFND |  | 143759 | 0 | 0 |
| CARLYLE SECURED LENDING INC COM | COM | 872280102 |  | 3349 | 267882 | SH |  | DFND |  | 267882 | 0 | 0 |
| GOLDMAN SACHS BDC INC SHS | SHS | 38147U107 |  | 3308 | 325278 | SH |  | DFND |  | 325278 | 0 | 0 |
| NEUBERGER BERMAN ENERGY INFR COM | COM | 64129H104 |  | 361 | 41418 | SH |  | DFND |  | 41418 | 0 | 0 |
| NUVEEN CHURCHILL DIRECT LEND COM SHS | COM SHS | 67090S108 |  | 375 | 27149 | SH |  | DFND |  | 27149 | 0 | 0 |
| WEBSTER FINL CORP COM | COM | 947890109 |  | 71 | 1198 | SH |  | DFND |  | 1198 | 0 | 0 |
| F N B CORP COM | COM | 302520101 |  | 41 | 2542 | SH |  | DFND |  | 2542 | 0 | 0 |
| HOME BANCSHARES INC COM | COM | 436893200 |  | 39 | 1386 | SH |  | DFND |  | 1386 | 0 | 0 |
| INTERNATIONAL BANCSHARES COR COM | COM | 459044103 |  | 31 | 444 | SH |  | DFND |  | 444 | 0 | 0 |
| PROSPERITY BANCSHARES INC COM | COM | 743606105 |  | 45 | 678 | SH |  | DFND |  | 678 | 0 | 0 |
| SERVISFIRST BANCSHARES INC COM | COM | 81768T108 |  | 31 | 384 | SH |  | DFND |  | 384 | 0 | 0 |
| UNITED BANKSHARES INC WEST V COM | UNIT | 909907107 |  | 36 | 960 | SH |  | DFND |  | 960 | 0 | 0 |
| TFI INTL INC COM | COM | 87241L109 |  | 21 | 24051 | SH |  | DFND |  | 24051 | 0 | 0 |
| BEST BUY INC COM | COM | 086516101 |  | 825 | 10908 | SH |  | DFND |  | 10908 | 0 | 0 |
| META PLATFORMS INC CL A | CL A | 30303M102 |  | 395178 | 541811 | SH |  | DFND |  | 418507 | 0 | 123304 |
| MARSH  MCLENNAN COS INC COM | COM | 571748102 |  | 5277 | 26187 | SH |  | DFND |  | 26187 | 0 | 0 |
| FEDEX CORP COM | COM | 31428X106 |  | 8012 | 33978 | SH |  | DFND |  | 11974 | 0 | 22004 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 102879 | 44023 | SH |  | DFND |  | 27801 | 0 | 16222 |
| FORD MTR CO COM | COM | 345370860 |  | 7677 | 641891 | SH |  | DFND |  | 641891 | 0 | 0 |
| FORTINET INC COM | COM | 34959E109 |  | 4193 | 49868 | SH |  | DFND |  | 49868 | 0 | 0 |
| MORGAN STANLEY COM NEW | COM NEW | 617446448 |  | 15708 | 98816 | SH |  | DFND |  | 98816 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | COM | 14448C104 |  | 2322 | 38894 | SH |  | DFND |  | 38894 | 0 | 0 |
| STATE STR CORP COM | COM | 857477103 |  | 2859 | 24644 | SH |  | DFND |  | 24644 | 0 | 0 |
| AT INC COM | COM | 00206R102 |  | 15746 | 557579 | SH |  | DFND |  | 557579 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | COM | 169656105 |  | 5415 | 138185 | SH |  | DFND |  | 83124 | 0 | 55061 |
| NETFLIX INC COM | COM | 64110L106 |  | 62146 | 51835 | SH |  | DFND |  | 40163 | 0 | 11672 |
| COCA COLA CO COM | COM | 191216100 |  | 98071 | 1478758 | SH |  | DFND |  | 1275026 | 0 | 203732 |
| TARGET CORP COM | COM | 87612E106 |  | 6642 | 74044 | SH |  | DFND |  | 28060 | 0 | 45984 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 39940 | 499621 | SH |  | DFND |  | 393766 | 0 | 105855 |
| COSTCO WHSL CORP NEW COM | NEW COM | 22160K105 |  | 98076 | 105956 | SH |  | DFND |  | 87990 | 0 | 17966 |
| DEERE  CO COM | COM | 244199105 |  | 11818 | 25846 | SH |  | DFND |  | 12852 | 0 | 12994 |
| JACOBS SOLUTIONS INC COM | COM | 46982L108 |  | 1835 | 12244 | SH |  | DFND |  | 12244 | 0 | 0 |
| EBAY INC. COM | COM | 278642103 |  | 60598 | 666276 | SH |  | DFND |  | 542182 | 0 | 124094 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 22138 | 429114 | SH |  | DFND |  | 429114 | 0 | 0 |
| QUEST DIAGNOSTICS INC COM | COM | 74834L100 |  | 1681 | 8823 | SH |  | DFND |  | 8823 | 0 | 0 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 88226 | 135828 | SH |  | DFND |  | 117386 | 0 | 18442 |
| AUTOHOME INC SP ADS RP CL A | CL A | 05278C107 |  | 1097 | 38418 | SH |  | DFND |  | 38418 | 0 | 0 |
| SAMSARA INC COM CL A | COM CL A | 79589L106 |  | 2426 | 65122 | SH |  | DFND |  | 65122 | 0 | 0 |
| BILIBILI INC SPONS ADS REP Z | ADS | 090040106 |  | 1040 | 37019 | SH |  | DFND |  | 37019 | 0 | 0 |
| CVS HEALTH CORP COM | COM | 126650100 |  | 27536 | 386062 | SH |  | DFND |  | 386062 | 0 | 0 |
| PDD HOLDINGS INC SPONSORED ADS | SPONSORED ADS | 722304102 |  | 23682 | 179175 | SH |  | DFND |  | 172596 | 0 | 6579 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 11130 | 52359 | SH |  | DFND |  | 52359 | 0 | 0 |
| SOUTHERN CO COM | COM | 842587107 |  | 6777 | 71506 | SH |  | DFND |  | 71506 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC COM | COM | 416515104 |  | 34473 | 258435 | SH |  | DFND |  | 189916 | 0 | 68519 |
| TELEDYNE TECHNOLOGIES INC COM | COM | 879360105 |  | 2920 | 4983 | SH |  | DFND |  | 4983 | 0 | 0 |
| ATI INC COM | COM | 01741R102 |  | 2842 | 34944 | SH |  | DFND |  | 34944 | 0 | 0 |
| AMPHENOL CORP NEW CL A | CL A | 032095101 |  | 26375 | 213134 | SH |  | DFND |  | 213134 | 0 | 0 |
| TRANSDIGM GROUP INC COM | COM | 893641100 |  | 5787 | 4391 | SH |  | DFND |  | 4391 | 0 | 0 |
| APOLLO GLOBAL MGMT INC COM | COM | 03769M106 |  | 12901 | 96805 | SH |  | DFND |  | 96805 | 0 | 0 |
| KROGER CO COM | COM | 501044101 |  | 4118 | 61085 | SH |  | DFND |  | 61085 | 0 | 0 |
| QUANTA SVCS INC COM | COM | 74762E102 |  | 9571 | 23094 | SH |  | DFND |  | 23094 | 0 | 0 |
| VISTRA CORP COM | COM | 92840M102 |  | 15478 | 79000 | SH |  | DFND |  | 79000 | 0 | 0 |
| MASTEC INC COM | COM | 576323109 |  | 5458 | 25646 | SH |  | DFND |  | 25646 | 0 | 0 |
| TENET HEALTHCARE CORP COM NEW | COM NEW | 88033G407 |  | 25581 | 125992 | SH |  | DFND |  | 125992 | 0 | 0 |
| FEDERATED HERMES INC CL B | CL B | 314211103 |  | 2410 | 46412 | SH |  | DFND |  | 46412 | 0 | 0 |
| ECHOSTAR CORP CL A | CL A | 278768106 |  | 6262 | 82003 | SH |  | DFND |  | 82003 | 0 | 0 |
| COEUR MNG INC COM NEW | COM NEW | 192108504 |  | 7063 | 376494 | SH |  | DFND |  | 376494 | 0 | 0 |
| ANTERO MIDSTREAM CORP COM | COM | 03676B102 |  | 2676 | 137678 | SH |  | DFND |  | 137678 | 0 | 0 |
| EPAM SYS INC COM | COM | 29414B104 |  | 285 | 1888 | SH |  | DFND |  | 1888 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 2327 | 34403 | SH |  | DFND |  | 34403 | 0 | 0 |
| EQUITABLE HLDGS INC COM | COM | 29452E101 |  | 8647 | 170286 | SH |  | DFND |  | 170286 | 0 | 0 |
| EQUITY RESIDENTIAL SH BEN INT | INT | 29476L107 |  | 1011 | 15621 | SH |  | DFND |  | 15621 | 0 | 0 |
| LENNAR CORP CL A | CL A | 526057104 |  | 989 | 7850 | SH |  | DFND |  | 7850 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN COM | COM | 538034109 |  | 1172 | 7171 | SH |  | DFND |  | 7171 | 0 | 0 |
| LOEWS CORP COM | COM | 540424108 |  | 748 | 7454 | SH |  | DFND |  | 7454 | 0 | 0 |
| EVERSOURCE ENERGY COM | COM | 30040W108 |  | 1061 | 14921 | SH |  | DFND |  | 14921 | 0 | 0 |
| ROSS STORES INC COM | COM | 778296103 |  | 6191 | 40628 | SH |  | DFND |  | 13724 | 0 | 26904 |
| EXPEDITORS INTL WASH INC COM | COM | 302130109 |  | 768 | 6267 | SH |  | DFND |  | 6267 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 2925 | 15174 | SH |  | DFND |  | 15174 | 0 | 0 |
| MASCO CORP COM | COM | 574599106 |  | 937 | 13315 | SH |  | DFND |  | 13315 | 0 | 0 |
| WORKDAY INC CL A | CL A | 98138H101 |  | 3087 | 12824 | SH |  | DFND |  | 12824 | 0 | 0 |
| ZSCALER INC COM | COM | 98980G102 |  | 1747 | 5829 | SH |  | DFND |  | 5829 | 0 | 0 |
| THE CAMPBELLS COMPANY COM | COM | 134429109 |  | 70 | 2209 | SH |  | DFND |  | 2209 | 0 | 0 |
| CARVANA CO CL A | CL A | 146869102 |  | 6646 | 17617 | SH |  | DFND |  | 6569 | 0 | 11048 |
| SYNCHRONY FINANCIAL COM | COM | 87165B103 |  | 1722 | 24240 | SH |  | DFND |  | 24240 | 0 | 0 |
| NORDSON CORP COM | COM | 655663102 |  | 838 | 3694 | SH |  | DFND |  | 3694 | 0 | 0 |
| CONAGRA BRANDS INC COM | COM | 205887102 |  | 285 | 15572 | SH |  | DFND |  | 15572 | 0 | 0 |
| CONSOLIDATED EDISON INC COM | COM | 209115104 |  | 1334 | 13273 | SH |  | DFND |  | 13273 | 0 | 0 |
| CONSTELLATION BRANDS INC CL A | CL A | 21036P108 |  | 918 | 6820 | SH |  | DFND |  | 6820 | 0 | 0 |
| TERADYNE INC COM | COM | 880770102 |  | 805 | 5845 | SH |  | DFND |  | 5845 | 0 | 0 |
| PPG INDS INC COM | COM | 693506107 |  | 929 | 8841 | SH |  | DFND |  | 8841 | 0 | 0 |
| PPL CORP COM | COM | 69351T106 |  | 1197 | 32219 | SH |  | DFND |  | 32219 | 0 | 0 |
| PACKAGING CORP AMER COM | COM | 695156109 |  | 929 | 4265 | SH |  | DFND |  | 4265 | 0 | 0 |
| DTE ENERGY CO COM | COM | 233331107 |  | 1260 | 8907 | SH |  | DFND |  | 8907 | 0 | 0 |
| INTERNATIONAL FLAVORS COM | COM | 459506101 |  | 692 | 11247 | SH |  | DFND |  | 11247 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 1116 | 5779 | SH |  | DFND |  | 5779 | 0 | 0 |
| LEIDOS HOLDINGS INC COM | COM | 525327102 |  | 1409 | 7457 | SH |  | DFND |  | 7457 | 0 | 0 |
| RPM INTL INC COM | COM | 749685103 |  | 1059 | 8986 | SH |  | DFND |  | 8986 | 0 | 0 |
| BLACKROCK INC COM | COM ADDED | 09290D101 |  | 8377 | 7185 | SH |  | DFND |  | 7185 | 0 | 0 |
| RALLIANT CORP COM | COM ADDED | 750940108 |  | 200 | 4583 | SH |  | DFND |  | 4583 | 0 | 0 |
| LINCOLN ELEC HLDGS INC COM | COM | 533900106 |  | 5005 | 21225 | SH |  | DFND |  | 21225 | 0 | 0 |
| URBAN OUTFITTERS INC COM | COM | 917047102 |  | 19983 | 279763 | SH |  | DFND |  | 279763 | 0 | 0 |
| SNAP INC CL A | CL A | 83304A106 |  | 451 | 58518 | SH |  | DFND |  | 58518 | 0 | 0 |
| NETEASE INC SPONSORED ADS | SPONSORED ADS | 64110W102 |  | 53096 | 349339 | SH |  | DFND |  | 349339 | 0 | 0 |
| EASTGROUP PPTYS INC COM | COM | 277276101 |  | 136 | 806 | SH |  | DFND |  | 806 | 0 | 0 |
| CION INVT CORP COM | COM | 17259U204 |  | 1745 | 184026 | SH |  | DFND |  | 184026 | 0 | 0 |
| SARATOGA INVT CORP COM NEW | NEW COM | 80349A208 |  | 1225 | 50232 | SH |  | DFND |  | 50232 | 0 | 0 |
| HDFC BANK LTD SPONSORED ADS | SPONSORED ADS | 40415F101 |  | 33522 | 981320 | SH |  | DFND |  | 53162 | 0 | 928158 |
| ICICI BANK LIMITED ADR | ADR | 45104G104 |  | 674 | 22312 | SH |  | DFND |  | 22312 | 0 | 0 |
| VOYA FINANCIAL INC COM | COM | 929089100 |  | 52 | 694 | SH |  | DFND |  | 694 | 0 | 0 |
| JEFFERIES FINL GROUP INC COM | COM | 47233W109 |  | 122 | 1872 | SH |  | DFND |  | 1872 | 0 | 0 |
| DROPBOX INC CL A | CL A | 26210C104 |  | 109 | 3611 | SH |  | DFND |  | 3611 | 0 | 0 |
| STMICROELECTRONICS N V NY REGISTRY | NY REGISTRY | 861012102 |  | 197 | 6972 | SH |  | DFND |  | 6972 | 0 | 0 |
| CULLEN FROST BANKERS INC COM | COM | 229899109 |  | 57 | 452 | SH |  | DFND |  | 452 | 0 | 0 |
| KONTOOR BRANDS INC COM | COM | 50050N103 |  | 2977 | 37314 | SH |  | DFND |  | 37314 | 0 | 0 |
| PRIMERICA INC COM | COM | 74164M108 |  | 1645 | 5927 | SH |  | DFND |  | 5927 | 0 | 0 |
| AUTOLIV INC COM | COM | 052800109 |  | 7523 | 60916 | SH |  | DFND |  | 60916 | 0 | 0 |
| VISA INC COM CL A | CL A | 92826C839 |  | 162631 | 488784 | SH |  | DFND |  | 353614 | 0 | 135170 |
| WESTERN DIGITAL CORP COM | COM | 958102105 |  | 7082 | 58990 | SH |  | DFND |  | 58990 | 0 | 0 |
| F5 INC COM | COM | 315616102 |  | 5024 | 15545 | SH |  | DFND |  | 15545 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 2393 | 7876 | SH |  | DFND |  | 7876 | 0 | 0 |
| CISCO SYS INC COM | COM | 17275R102 |  | 104876 | 1572080 | SH |  | DFND |  | 1353475 | 0 | 218605 |
| HP INC COM | COM | 40434L105 |  | 1338 | 49122 | SH |  | DFND |  | 49122 | 0 | 0 |
| ADOBE INC COM | COM | 00724F101 |  | 54250 | 153793 | SH |  | DFND |  | 124029 | 0 | 29764 |
| HEWLETT PACKARD ENTERPRISE C COM | COM | 42824C109 |  | 7654 | 311650 | SH |  | DFND |  | 311650 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC COM | COM | 00971T101 |  | 1263 | 16670 | SH |  | DFND |  | 16670 | 0 | 0 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 9006 | 49020 | SH |  | DFND |  | 49020 | 0 | 0 |
| CENCORA INC COM | COM | 03073E105 |  | 45094 | 144287 | SH |  | DFND |  | 112676 | 0 | 31611 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 97959 | 478457 | SH |  | DFND |  | 310283 | 0 | 168174 |
| AUTODESK INC COM | COM | 052769106 |  | 41510 | 130669 | SH |  | DFND |  | 97700 | 0 | 32969 |
| EDWARDS LIFESCIENCES CORP COM | COM | 28176E108 |  | 3510 | 45130 | SH |  | DFND |  | 45130 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 77648 | 1766734 | SH |  | DFND |  | 1608848 | 0 | 157886 |
| VERALTO CORP COM SHS | COM SHS | 92338C103 |  | 2808 | 26337 | SH |  | DFND |  | 26337 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 53311 | 745909 | SH |  | DFND |  | 554979 | 0 | 190930 |
| SEI INVTS CO COM | COM | 784117103 |  | 2295 | 27042 | SH |  | DFND |  | 27042 | 0 | 0 |
| NEWMONT CORP COM | COM | 651639106 |  | 109869 | 1303157 | SH |  | DFND |  | 1176629 | 0 | 126528 |
| STRYKER CORPORATION COM | COM | 863667101 |  | 12753 | 34497 | SH |  | DFND |  | 34497 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | COM | 67103H107 |  | 8344 | 77392 | SH |  | DFND |  | 77392 | 0 | 0 |
| DARDEN RESTAURANTS INC COM | COM | 237194105 |  | 13172 | 69194 | SH |  | DFND |  | 52034 | 0 | 17160 |
| DRIVEN BRANDS HLDGS INC COM | COM | 26210V102 |  | 2434 | 151081 | SH |  | DFND |  | 151081 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | COM NEW | 26441C204 |  | 6367 | 51448 | SH |  | DFND |  | 51448 | 0 | 0 |
| E L F BEAUTY INC COM | COM | 26856L103 |  | 6810 | 51406 | SH |  | DFND |  | 51406 | 0 | 0 |
| LAUREATE EDUCATION INC COMMON STOCK | COMMON STOCK | 518613203 |  | 2675 | 84827 | SH |  | DFND |  | 84827 | 0 | 0 |
| VICI PPTYS INC COM | COM | 925652109 |  | 10375 | 318159 | SH |  | DFND |  | 318159 | 0 | 0 |
| TRADEWEB MKTS INC CL A | CL A | 892672106 |  | 2845 | 25637 | SH |  | DFND |  | 25637 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO COM NEW | COM NEW | 50077B207 |  | 6309 | 69045 | SH |  | DFND |  | 69045 | 0 | 0 |
| ROBINHOOD MKTS INC COM CL A | COM CL A | 770700102 |  | 23683 | 165406 | SH |  | DFND |  | 165406 | 0 | 0 |
| MAIN STR CAP CORP COM | COM | 56035L104 |  | 2298 | 36144 | SH |  | DFND |  | 36144 | 0 | 0 |
| VIASAT INC COM | COM | 92552V100 |  | 4230 | 144359 | SH |  | DFND |  | 144359 | 0 | 0 |
| HCA HEALTHCARE INC COM | COM | 40412C101 |  | 61214 | 143627 | SH |  | DFND |  | 118213 | 0 | 25414 |
| BECTON DICKINSON  CO COM | COM | 075887109 |  | 3027 | 16174 | SH |  | DFND |  | 16174 | 0 | 0 |
| WESTLAKE CORPORATION COM | COM | 960413102 |  | 285 | 3699 | SH |  | DFND |  | 3699 | 0 | 0 |
| EQUIFAX INC COM | COM | 294429105 |  | 1251 | 4877 | SH |  | DFND |  | 4877 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC COM | COM | 78467J100 |  | 911 | 10261 | SH |  | DFND |  | 10261 | 0 | 0 |
| MARTIN MARIETTA MATLS INC COM | COM | 573284106 |  | 1534 | 2434 | SH |  | DFND |  | 2434 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI CL A | CL A | 989207105 |  | 1280 | 4307 | SH |  | DFND |  | 4307 | 0 | 0 |
| CSX CORP COM | COM | 126408103 |  | 2660 | 74920 | SH |  | DFND |  | 74920 | 0 | 0 |
| SMUCKER J M CO COM NEW | COM NEW | 832696405 |  | 435 | 4010 | SH |  | DFND |  | 4010 | 0 | 0 |
| CATERPILLAR INC COM | COM | 149123101 |  | 41662 | 87315 | SH |  | DFND |  | 87315 | 0 | 0 |
| SUN CMNTYS INC COM | COM | 866674104 |  | 862 | 6686 | SH |  | DFND |  | 6686 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | SHS CLASS A | G1151C101 |  | 7800 | 31632 | SH |  | DFND |  | 31632 | 0 | 0 |
| ALLIANT ENERGY CORP COM | COM | 018802108 |  | 836 | 12395 | SH |  | DFND |  | 12395 | 0 | 0 |
| INTERNATIONAL PAPER CO COM | COM | 460146103 |  | 1093 | 23554 | SH |  | DFND |  | 23554 | 0 | 0 |
| DOW INC COM | COM | 260557103 |  | 441 | 19227 | SH |  | DFND |  | 19227 | 0 | 0 |
| EOG RES INC COM | COM | 26875P101 |  | 7380 | 65820 | SH |  | DFND |  | 65820 | 0 | 0 |
| MOLSON COORS BEVERAGE CO CL B | CL B | 60871R209 |  | 229 | 5060 | SH |  | DFND |  | 5060 | 0 | 0 |
| TARGA RES CORP COM | COM | 87612G101 |  | 1638 | 9774 | SH |  | DFND |  | 9774 | 0 | 0 |
| AMERICAN FINL GROUP INC OHIO COM | COM | 025932104 |  | 448 | 3074 | SH |  | DFND |  | 3074 | 0 | 0 |
| DICKS SPORTING GOODS INC COM | COM | 253393102 |  | 5210 | 23446 | SH |  | DFND |  | 23446 | 0 | 0 |
| LIBERTY MEDIA CORP DEL COM LBTY ONE S C | ONE S C | 531229755 |  | 1038 | 9942 | SH |  | DFND |  | 9942 | 0 | 0 |
| CORPAY INC COM SHS | COM SHS | 219948106 |  | 869 | 3015 | SH |  | DFND |  | 3015 | 0 | 0 |
| APA CORPORATION COM | COM | 03743Q108 |  | 17809 | 733497 | SH |  | DFND |  | 733497 | 0 | 0 |
| STERLING INFRASTRUCTURE INC COM | COM | 859241101 |  | 8509 | 25049 | SH |  | DFND |  | 25049 | 0 | 0 |
| SOUTHERN COPPER CORP COM | COM | 84265V105 |  | 5808 | 47858 | SH |  | DFND |  | 47858 | 0 | 0 |
| LKQ CORP COM | COM | 501889208 |  | 109 | 3555 | SH |  | DFND |  | 3555 | 0 | 0 |
| CANADIAN NATL RY CO COM | COM | 136375102 |  | 162 | 1721 | SH |  | DFND |  | 1721 | 0 | 0 |
| BARINGS BDC INC COM | COM | 06759L103 |  | 4093 | 467285 | SH |  | DFND |  | 467285 | 0 | 0 |
| SIXTH STREET SPECIALTY LENDI COM | COM | 83012A109 |  | 44 | 1919 | SH |  | DFND |  | 1919 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO COM | COM | 67401P405 |  | 3796 | 290874 | SH |  | DFND |  | 290874 | 0 | 0 |
| INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT | SH BEN INT | 456237106 |  | 91 | 15687 | SH |  | DFND |  | 15687 | 0 | 0 |
| OXFORD LANE CAP CORP COM ADDED | COM ADDED | 691543847 |  | 216 | 12763 | SH |  | DFND |  | 12763 | 0 | 0 |
| BANCFIRST CORP COM | COM | 05945F103 |  | 30 | 236 | SH |  | DFND |  | 236 | 0 | 0 |
| EAST WEST BANCORP INC COM | COM | 27579R104 |  | 105 | 984 | SH |  | DFND |  | 984 | 0 | 0 |
| WINTRUST FINL CORP COM | COM | 97650W108 |  | 63 | 473 | SH |  | DFND |  | 473 | 0 | 0 |
| STEPSTONE GROUP INC COM CL A | COM CL A | 85914M107 |  | 35 | 541 | SH |  | DFND |  | 541 | 0 | 0 |
| SYNOVUS FINL CORP COM NEW | COM NEW | 87161C501 |  | 50 | 1009 | SH |  | DFND |  | 1009 | 0 | 0 |
| BOK FINL CORP COM NEW | COM NEW | 05561Q201 |  | 51 | 454 | SH |  | DFND |  | 454 | 0 | 0 |
| AXOS FINANCIAL INC COM | COM | 05465C100 |  | 34 | 404 | SH |  | DFND |  | 404 | 0 | 0 |
| VICTORY CAP HLDGS INC COM CL A | COM CL A | 92645B103 |  | 30 | 463 | SH |  | DFND |  | 463 | 0 | 0 |
| CREDIT ACCEP CORP MICH COM | COM | 225310101 |  | 40 | 86 | SH |  | DFND |  | 86 | 0 | 0 |
| FIRST FINL BANKSHARES INC COM | COM | 32020R109 |  | 34 | 1016 | SH |  | DFND |  | 1016 | 0 | 0 |
| LAZARD INC COM | COM | 52110M109 |  | 33 | 632 | SH |  | DFND |  | 632 | 0 | 0 |
| BLUE OWL CAPITAL INC COM CL A | COM CL A | 09581B103 |  | 84 | 4970 | SH |  | DFND |  | 4970 | 0 | 0 |
| BRINKER INTL INC COM | COM | 109641100 |  | 1891 | 14930 | SH |  | DFND |  | 14930 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO SPONSORED ADR | SPONSORED ADR | 71654V408 |  | 914 | 72168 | SH |  | DFND |  | 72168 | 0 | 0 |
| SHOPIFY INC CL A SUB VTG SHS | CL A | 82509L107 |  | 19675 | 132396 | SH |  | DFND |  | 0 | 0 | 132396 |
| BIO-TECHNE CORP COM | COM | 09073M104 |  | 16972 | 305087 | SH |  | DFND |  | 0 | 0 | 305087 |
| SMITH A O CORP COM | COM | 831865209 |  | 4498 | 61266 | SH |  | DFND |  | 0 | 0 | 61266 |

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