ING Groep (ING) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
10X GENOMICS INC	CL A COM	88025U109	1,741,392	46,400	SH		DFND		46,400	0	0
3M CO	COM	88579Y101	8,033,318	75,736	SH		DFND		75,736	0	0
ABBOTT LABS	COM	002824100	31,528,375	277,392	SH		DFND		277,392	0	0
ABBVIE INC	COM	00287Y109	79,333,322	435,658	SH		DFND		435,658	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	109,766,881	316,687	SH		DFND		316,687	0	0
ACUITY BRANDS INC	COM	00508Y102	1,746,745	6,500	SH		DFND		6,500	0	0
ADOBE INC	COM	00724F101	167,040,261	331,035	SH		DFND		331,035	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	128,013,435	709,255	SH		DFND		709,255	0	0
AECOM	COM	00766T100	3,432,800	35,000	SH		DFND		35,000	0	0
AFLAC INC	COM	001055102	5,698,958	66,375	SH		DFND		66,375	0	0
AGCO CORP	COM	001084102	6,163,302	50,100	SH		DFND		50,100	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	9,669,867	66,455	SH		DFND		66,455	0	0
AIR LEASE CORP	CL A	00912X302	1,738,672	33,800	SH		DFND		33,800	0	0
AIR PRODS & CHEMS INC	COM	009158106	4,060,930	16,762	SH		DFND		16,762	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	1,475,221	13,564	SH		DFND		13,564	0	0
ALBEMARLE CORP	COM	012653101	458,587	3,481	SH		DFND		3,481	0	0
ALBERTSONS COS INC	COMMON STOCK	013091103	25,985,280	1,212,000	SH		DFND		1,212,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,098,397	16,278	SH		DFND		16,278	0	0
ALIGN TECHNOLOGY INC	COM	016255101	3,200,499	9,760	SH		DFND		9,760	0	0
ALLEGION PLC	ORD SHS	G0176J109	569,823	4,230	SH		DFND		4,230	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	4,139,160	51,000	SH		DFND		51,000	0	0
ALLY FINL INC	COM	02005N100	2,378,574	58,600	SH		DFND		58,600	0	0
ALPHABET INC	CAP STK CL C	02079K107	172,003,706	1,129,671	SH		DFND		1,129,671	0	0
ALPHABET INC	CAP STK CL A	02079K305	326,875,138	2,165,740	SH		DFND		2,165,740	0	0
ALTRIA GROUP INC	COM	02209S103	11,548,264	264,747	SH		DFND		264,747	0	0
AMAZON COM INC	COM	023135106	637,603,075	3,534,777	SH		DFND		3,534,777	0	0
AMCOR PLC	ORD	G0250X107	18,151,927	1,908,720	SH		DFND		1,908,720	0	0
AMEDISYS INC	COM	023436108	16,293,888	176,800	SH		DFND		176,800	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	341,614	22,255	SH		DFND		22,255	0	0
AMERICAN EXPRESS CO	COM	025816109	9,336,428	41,005	SH		DFND		41,005	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	6,919,530	88,519	SH		DFND		88,519	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	12,228,450	61,888	SH		DFND		61,888	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	3,260,563	26,680	SH		DFND		26,680	0	0
AMERIPRISE FINL INC	COM	03076C106	5,539,251	12,634	SH		DFND		12,634	0	0
AMETEK INC	COM	031100100	16,758,395	91,626	SH		DFND		91,626	0	0
AMGEN INC	COM	031162100	72,999,729	256,752	SH		DFND		256,752	0	0
AMPHENOL CORP NEW	CL A	032095101	21,230,629	184,054	SH		DFND		184,054	0	0
ANALOG DEVICES INC	COM	032654105	40,994,747	207,264	SH		DFND		207,264	0	0
ANSYS INC	COM	03662Q105	13,058,423	37,615	SH		DFND		37,615	0	0
APA CORPORATION	COM	03743Q108	3,827,697	111,335	SH		DFND		111,335	0	0
APPLE INC	COM	037833100	863,728,641	5,036,906	SH		DFND		5,036,906	0	0
APPLIED MATLS INC	COM	038222105	44,173,435	214,195	SH		DFND		214,195	0	0
APTIV PLC	SHS	G6095L109	5,434,997	68,236	SH		DFND		68,236	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	1,366,263	14,780	SH		DFND		14,780	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	42,816,886	681,689	SH		DFND		681,689	0	0
ARDAGH METAL PACKAGING S A	SHS	L02235106	6,023,080	1,756,000	SH		DFND		1,756,000	0	0
ARISTA NETWORKS INC	COM	040413106	18,422,429	63,530	SH		DFND		63,530	0	0
ARROW ELECTRS INC	COM	042735100	5,178,400	40,000	SH		DFND		40,000	0	0
AT&T INC	COM	00206R102	45,781,402	2,601,216	SH		DFND		2,601,216	0	0
ATLASSIAN CORPORATION	CL A	049468101	3,177,366	16,285	SH		DFND		16,285	0	0
AUTODESK INC	COM	052769106	20,661,983	79,341	SH		DFND		79,341	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	36,997,483	148,144	SH		DFND		148,144	0	0
AUTOZONE INC	COM	053332102	10,652,577	3,380	SH		DFND		3,380	0	0
AVALONBAY CMNTYS INC	COM	053484101	3,606,915	19,438	SH		DFND		19,438	0	0
AVERY DENNISON CORP	COM	053611109	2,463,564	11,035	SH		DFND		11,035	0	0
AVIS BUDGET GROUP	COM	053774105	11,021,400	90,000	SH		DFND		90,000	0	0
AVNET INC	COM	053807103	1,517,148	30,600	SH		DFND		30,600	0	0
AXON ENTERPRISE INC	COM	05464C101	41,504,158	132,652	SH		DFND		132,652	0	0
BAKER HUGHES COMPANY	CL A	05722G100	22,884,655	683,226	SH		DFND		683,226	0	0
BANCO BILBAO VIZCAYA ARGENTA	SPONSORED ADR	05946K101	5,742,400	485,000	SH		DFND		485,000	0	0
BANCO SANTANDER S.A.	ADR	05964H105	723,338	149,450	SH		DFND		149,450	0	0
BANK AMERICA CORP	COM	060505104	96,408,111	2,542,408	SH		DFND		2,542,408	0	0
BANK NEW YORK MELLON CORP	COM	064058100	4,176,067	72,476	SH		DFND		72,476	0	0
BARRICK GOLD CORP	COM	067901108	4,333,738	260,441	SH		DFND		260,441	0	0
BATH & BODY WORKS INC	COM	070830104	1,548,669	30,961	SH		DFND		30,961	0	0
BAUSCH HEALTH COS INC	COM	071734107	79,575,000	7,500,000	SH		DFND		7,500,000	0	0
BAXTER INTL INC	COM	071813109	11,393,928	266,587	SH		DFND		266,587	0	0
BECTON DICKINSON & CO	COM	075887109	19,941,501	80,588	SH		DFND		80,588	0	0
BERKLEY W R CORP	COM	084423102	668,164	7,555	SH		DFND		7,555	0	0
BIO RAD LABS INC	CL A	090572207	991,955	2,868	SH		DFND		2,868	0	0
BIOGEN INC	COM	09062X103	11,837,656	54,898	SH		DFND		54,898	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	18,341,400	210,000	SH		DFND		210,000	0	0
BLACK STONE MINERALS L P	COM UNIT	09225M101	10,481,282	655,900	SH		DFND		655,900	0	0
BLACKSTONE INC	COM	09260D107	11,915,653	90,703	SH		DFND		90,703	0	0
BOEING CO	COM	097023105	12,895,013	66,817	SH		DFND		66,817	0	0
BOOKING HOLDINGS INC	COM	09857L108	50,986,226	14,054	SH		DFND		14,054	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	816,420	5,500	SH		DFND		5,500	0	0
BORGWARNER INC	COM	099724106	1,093,858	31,487	SH		DFND		31,487	0	0
BOSTON BEER INC	CL A	100557107	1,065,470	3,500	SH		DFND		3,500	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	15,824,341	231,046	SH		DFND		231,046	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	17,480,010	322,331	SH		DFND		322,331	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	2,851,520	121,600	SH		DFND		121,600	0	0
BROADCOM INC	COM	11135F101	265,820,253	200,557	SH		DFND		200,557	0	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	12,934,451	63,138	SH		DFND		63,138	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	10,410,056	49,902	SH		DFND		49,902	0	0
BUNGE GLOBAL SA	COM SHS	H11356104	8,725,375	85,109	SH		DFND		85,109	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	2,587,618	33,985	SH		DFND		33,985	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	18,193,693	58,448	SH		DFND		58,448	0	0
CALUMET SPECIALTY PRODS PART	UT LTD PARTNER	131476103	3,284,060	221,000	SH		DFND		221,000	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	2,246,570	22,831	SH		DFND		22,831	0	0
CAPRI HOLDINGS LIMITED	SHS	G1890L107	8,751,960	193,200	SH		DFND		193,200	0	0
CARDINAL HEALTH INC	COM	14149Y108	3,729,627	33,330	SH		DFND		33,330	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	1,620,765	99,190	SH		DFND		99,190	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	4,236,863	72,886	SH		DFND		72,886	0	0
CATALENT INC	COM	148806102	24,333,732	431,067	SH		DFND		431,067	0	0
CBRE GROUP INC	CL A	12504L109	2,581,722	26,550	SH		DFND		26,550	0	0
CDW CORP	COM	12514G108	8,248,138	32,247	SH		DFND		32,247	0	0
CEDAR FAIR L P	DEPOSITRY UNIT	150185106	159,165,530	3,798,700	SH		DFND		3,798,700	0	0
CELANESE CORP DEL	COM	150870103	261,743	1,523	SH		DFND		1,523	0	0
CENTENE CORP DEL	COM	15135B101	2,969,683	37,840	SH		DFND		37,840	0	0
CENTERPOINT ENERGY INC	COM	15189T107	2,494,271	87,549	SH		DFND		87,549	0	0
CF INDS HLDGS INC	COM	125269100	2,178,521	26,181	SH		DFND		26,181	0	0
CHARLES RIV LABS INTL INC	COM	159864107	1,904,508	7,029	SH		DFND		7,029	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	914,031	3,145	SH		DFND		3,145	0	0
CHEMED CORP NEW	COM	16359R103	1,091,281	1,700	SH		DFND		1,700	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	17,035,669	105,700	SH		DFND		105,700	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	44,348,590	15,257	SH		DFND		15,257	0	0
CHUBB LIMITED	COM	H1467J104	13,241,543	51,100	SH		DFND		51,100	0	0
CHURCH & DWIGHT CO INC	COM	171340102	3,521,819	33,763	SH		DFND		33,763	0	0
CINCINNATI FINL CORP	COM	172062101	2,458,069	19,796	SH		DFND		19,796	0	0
CINTAS CORP	COM	172908105	20,918,689	30,448	SH		DFND		30,448	0	0
CIRRUS LOGIC INC	COM	172755100	1,212,536	13,100	SH		DFND		13,100	0	0
CISCO SYS INC	COM	17275R102	78,007,034	1,562,954	SH		DFND		1,562,954	0	0
CITIGROUP INC	COM NEW	172967424	15,554,510	245,960	SH		DFND		245,960	0	0
CITIZENS FINL GROUP INC	COM	174610105	2,154,682	59,374	SH		DFND		59,374	0	0
CLOROX CO DEL	COM	189054109	4,134,889	27,006	SH		DFND		27,006	0	0
CME GROUP INC	COM	12572Q105	14,253,490	66,206	SH		DFND		66,206	0	0
CMS ENERGY CORP	COM	125896100	45,030,535	746,280	SH		DFND		746,280	0	0
COCA COLA CO	COM	191216100	59,628,536	974,641	SH		DFND		974,641	0	0
COCA-COLA EUROPACIFIC PARTNE	SHS	G25839104	3,306,606	47,271	SH		DFND		47,271	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	29,225,120	398,760	SH		DFND		398,760	0	0
COLGATE PALMOLIVE CO	COM	194162103	10,174,479	112,987	SH		DFND		112,987	0	0
COLUMBIA SPORTSWEAR CO	COM	198516106	1,079,694	13,300	SH		DFND		13,300	0	0
COMCAST CORP NEW	CL A	20030N101	18,093,336	417,378	SH		DFND		417,378	0	0
CONOCOPHILLIPS	COM	20825C104	83,816,044	658,517	SH		DFND		658,517	0	0
CONSOLIDATED EDISON INC	COM	209115104	380,585	4,191	SH		DFND		4,191	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	7,104,622	26,143	SH		DFND		26,143	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	12,742,635	68,935	SH		DFND		68,935	0	0
COPA HOLDINGS SA	CL A	P31076105	1,531,152	14,700	SH		DFND		14,700	0	0
COPART INC	COM	217204106	12,698,033	219,234	SH		DFND		219,234	0	0
CORE & MAIN INC	CL A	21874C102	1,906,425	33,300	SH		DFND		33,300	0	0
CORNING INC	COM	219350105	13,520,818	410,219	SH		DFND		410,219	0	0
CORPAY INC	COM SHS	219948106	2,222,722	7,204	SH		DFND		7,204	0	0
CORTEVA INC	COM	22052L104	21,629,999	375,065	SH		DFND		375,065	0	0
COSTAR GROUP INC	COM	22160N109	42,863,545	443,722	SH		DFND		443,722	0	0
COSTCO WHSL CORP NEW	COM	22160K105	114,306,398	156,022	SH		DFND		156,022	0	0
COTERRA ENERGY INC	COM	127097103	19,703,521	706,726	SH		DFND		706,726	0	0
CROSSAMERICA PARTNERS LP	UT LTD PTN INT	22758A105	296,270	13,000	SH		DFND		13,000	0	0
CROWDSTRIKE HLDGS INC	CL A	22788C105	61,346,820	191,356	SH		DFND		191,356	0	0
CROWN CASTLE INC	COM	22822V101	67,882,325	641,428	SH		DFND		641,428	0	0
CROWN HLDGS INC	COM	228368106	23,778,000	300,000	SH		DFND		300,000	0	0
CSX CORP	COM	126408103	56,896,074	1,534,828	SH		DFND		1,534,828	0	0
CUMMINS INC	COM	231021106	5,502,589	18,675	SH		DFND		18,675	0	0
CURTISS WRIGHT CORP	COM	231561101	5,118,800	20,000	SH		DFND		20,000	0	0
CVR PARTNERS LP	COM	126633205	557,989	7,100	SH		DFND		7,100	0	0
CVS HEALTH CORP	COM	126650100	35,945,200	450,667	SH		DFND		450,667	0	0
D R HORTON INC	COM	23331A109	15,783,965	95,922	SH		DFND		95,922	0	0
DANAHER CORPORATION	COM	235851102	20,006,817	80,117	SH		DFND		80,117	0	0
DARDEN RESTAURANTS INC	COM	237194105	2,735,075	16,363	SH		DFND		16,363	0	0
DARLING INGREDIENTS INC	COM	237266101	10,599,629	227,900	SH		DFND		227,900	0	0
DATADOG INC	CL A COM	23804L103	1,811,852	14,659	SH		DFND		14,659	0	0
DAYFORCE INC	COM	15677J108	350,516	5,294	SH		DFND		5,294	0	0
DECKERS OUTDOOR CORP	COM	243537107	3,310,411	3,517	SH		DFND		3,517	0	0
DEERE & CO	COM	244199105	15,600,316	37,981	SH		DFND		37,981	0	0
DELEK LOGISTICS PARTNERS LP	COM UNT RP INT	24664T103	819,800	20,000	SH		DFND		20,000	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	3,468,086	72,448	SH		DFND		72,448	0	0
DENTSPLY SIRONA INC	COM	24906P109	3,917,449	118,031	SH		DFND		118,031	0	0
DEVON ENERGY CORP NEW	COM	25179M103	16,950,553	337,795	SH		DFND		337,795	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	16,446,525	82,992	SH		DFND		82,992	0	0
DICKS SPORTING GOODS INC	COM	253393102	1,056,842	4,700	SH		DFND		4,700	0	0
DIGITAL RLTY TR INC	COM	253868103	5,977,660	41,500	SH		DFND		41,500	0	0
DISCOVER FINL SVCS	COM	254709108	4,133,137	31,529	SH		DFND		31,529	0	0
DISNEY WALT CO	COM	254687106	27,776,944	227,010	SH		DFND		227,010	0	0
DOCUSIGN INC	COM	256163106	2,703,630	45,401	SH		DFND		45,401	0	0
DOLLAR GEN CORP NEW	COM	256677105	4,693,973	30,078	SH		DFND		30,078	0	0
DOLLAR TREE INC	COM	256746108	16,032,325	120,408	SH		DFND		120,408	0	0
DOMINOS PIZZA INC	COM	25754A201	5,025,941	10,115	SH		DFND		10,115	0	0
DOORDASH INC	CL A	25809K105	5,369,565	38,989	SH		DFND		38,989	0	0
DORCHESTER MINERALS LP	COM UNIT	25820R105	3,034,800	90,000	SH		DFND		90,000	0	0
DOVER CORP	COM	260003108	3,396,732	19,170	SH		DFND		19,170	0	0
DOW INC	COM	260557103	14,250,490	245,995	SH		DFND		245,995	0	0
DUPONT DE NEMOURS INC	COM	26614N102	24,429,975	318,638	SH		DFND		318,638	0	0
EASTGROUP PPTYS INC	COM	277276101	1,042,666	5,800	SH		DFND		5,800	0	0
EASTMAN CHEM CO	COM	277432100	12,134,036	121,074	SH		DFND		121,074	0	0
EATON CORP PLC	SHS	G29183103	53,567,087	171,316	SH		DFND		171,316	0	0
EBAY INC.	COM	278642103	4,260,771	80,727	SH		DFND		80,727	0	0
ECOLAB INC	COM	278865100	31,350,448	135,775	SH		DFND		135,775	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	7,941,896	83,109	SH		DFND		83,109	0	0
ELANCO ANIMAL HEALTH INC	COM	28414H103	1,250,304	76,800	SH		DFND		76,800	0	0
ELASTIC N V	ORD SHS	N14506104	9,623,040	96,000	SH		DFND		96,000	0	0
ELECTRONIC ARTS INC	COM	285512109	11,434,960	86,191	SH		DFND		86,191	0	0
ELI LILLY & CO	COM	532457108	80,806,705	103,870	SH		DFND		103,870	0	0
EMCOR GROUP INC	COM	29084Q100	7,704,400	22,000	SH		DFND		22,000	0	0
EMERSON ELEC CO	COM	291011104	8,284,197	73,040	SH		DFND		73,040	0	0
ENPHASE ENERGY INC	COM	29355A107	435,891	3,603	SH		DFND		3,603	0	0
ENTERGY CORP NEW	COM	29364G103	3,086,067	29,202	SH		DFND		29,202	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	33,942,176	1,163,200	SH		DFND		1,163,200	0	0
ENVISTA HOLDINGS CORPORATION	COM	29415F104	4,383,541	205,030	SH		DFND		205,030	0	0
EOG RES INC	COM	26875P101	883,247	6,909	SH		DFND		6,909	0	0
EPAM SYS INC	COM	29414B104	2,183,597	7,907	SH		DFND		7,907	0	0
EQT CORP	COM	26884L109	2,089,451	56,365	SH		DFND		56,365	0	0
EQUIFAX INC	COM	294429105	2,379,858	8,896	SH		DFND		8,896	0	0
EQUINIX INC	COM	29444U700	10,617,870	12,865	SH		DFND		12,865	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	2,984,914	47,297	SH		DFND		47,297	0	0
ESSENTIAL UTILS INC	COM	29670G102	1,937,715	52,300	SH		DFND		52,300	0	0
ESSEX PPTY TR INC	COM	297178105	1,402,027	5,727	SH		DFND		5,727	0	0
ETSY INC	COM	29786A106	3,598,179	52,360	SH		DFND		52,360	0	0
EVEREST GROUP LTD	COM	G3223R108	2,175,120	5,472	SH		DFND		5,472	0	0
EVERGY INC	COM	30034W106	11,982,689	224,479	SH		DFND		224,479	0	0
EVERSOURCE ENERGY	COM	30040W108	10,284,504	172,068	SH		DFND		172,068	0	0
EXELON CORP	COM	30161N101	2,838,113	75,542	SH		DFND		75,542	0	0
EXPEDIA GROUP INC	COM NEW	30212P303	6,628,392	48,119	SH		DFND		48,119	0	0
EXPEDITORS INTL WASH INC	COM	302130109	2,421,043	19,923	SH		DFND		19,923	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	4,255,797	28,951	SH		DFND		28,951	0	0
F5 INC	COM	315616102	10,116,143	53,358	SH		DFND		53,358	0	0
FACTSET RESH SYS INC	COM	303075105	2,181,981	4,802	SH		DFND		4,802	0	0
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	1,027,940	10,066	SH		DFND		10,066	0	0
FEDEX CORP	COM	31428X106	25,932,599	89,503	SH		DFND		89,503	0	0
FERGUSON PLC NEW	SHS	G3421J106	15,508,530	71,000	SH		DFND		71,000	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	5,541,617	74,705	SH		DFND		74,705	0	0
FIRST INDL RLTY TR INC	COM	32054K103	26,270,000	500,000	SH		DFND		500,000	0	0
FIRST SOLAR INC	COM	336433107	6,201,881	36,741	SH		DFND		36,741	0	0
FISERV INC	COM	337738108	4,389,776	27,467	SH		DFND		27,467	0	0
FIVE9 INC	COM	338307101	7,825,860	126,000	SH		DFND		126,000	0	0
FLOWSERVE CORP	COM	34354P105	2,969,200	65,000	SH		DFND		65,000	0	0
FORD MTR CO DEL	COM	345370860	8,206,363	617,949	SH		DFND		617,949	0	0
FORTINET INC	COM	34959E109	21,336,560	312,349	SH		DFND		312,349	0	0
FORTIVE CORP	COM	34959J108	4,133,777	48,056	SH		DFND		48,056	0	0
FOX CORP	CL B COM	35137L204	20,210,814	706,178	SH		DFND		706,178	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	10,565,300	224,698	SH		DFND		224,698	0	0
FTAI AVIATION LTD	SHS	G3730V105	4,805,220	71,400	SH		DFND		71,400	0	0
FTI CONSULTING INC	COM	302941109	1,177,624	5,600	SH		DFND		5,600	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	6,835,093	27,336	SH		DFND		27,336	0	0
GARMIN LTD	SHS	H2906T109	4,402,681	29,574	SH		DFND		29,574	0	0
GARTNER INC	COM	366651107	11,764,692	24,681	SH		DFND		24,681	0	0
GATES INDL CORP PLC	ORD SHS	G39108108	1,073,226	60,600	SH		DFND		60,600	0	0
GE HEALTHCARE TECHNOLOGIES I	COMMON STOCK	36266G107	259,457	2,854	SH		DFND		2,854	0	0
GEN DIGITAL INC	COM	668771108	1,736,157	77,507	SH		DFND		77,507	0	0
GENERAC HLDGS INC	COM	368736104	1,061,847	8,418	SH		DFND		8,418	0	0
GENERAL DYNAMICS CORP	COM	369550108	8,788,546	31,111	SH		DFND		31,111	0	0
GENERAL ELECTRIC CO	COM NEW	369604301	26,924,898	153,392	SH		DFND		153,392	0	0
GENERAL MLS INC	COM	370334104	6,776,664	96,851	SH		DFND		96,851	0	0
GENERAL MTRS CO	COM	37045V100	5,413,112	119,363	SH		DFND		119,363	0	0
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	641,624	57,700	SH		DFND		57,700	0	0
GENUINE PARTS CO	COM	372460105	8,941,165	57,711	SH		DFND		57,711	0	0
GILEAD SCIENCES INC	COM	375558103	22,116,226	301,928	SH		DFND		301,928	0	0
GLOBAL PMTS INC	COM	37940X102	4,388,325	32,832	SH		DFND		32,832	0	0
GLOBALFOUNDRIES INC	ORDINARY SHARES	G39387108	1,718,744	32,983	SH		DFND		32,983	0	0
GLOBANT S A	COM	L44385109	3,472,680	17,200	SH		DFND		17,200	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	4,644,295	11,119	SH		DFND		11,119	0	0
GRACO INC	COM	384109104	1,532,744	16,400	SH		DFND		16,400	0	0
GRAINGER W W INC	COM	384802104	5,445,607	5,353	SH		DFND		5,353	0	0
GRAND CANYON ED INC	COM	38526M106	2,043,150	15,000	SH		DFND		15,000	0	0
GREEN PLAINS INC	COM	393222104	243,454	10,530	SH		DFND		10,530	0	0
HALLIBURTON CO	COM	406216101	4,808,097	121,971	SH		DFND		121,971	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,691,257	16,412	SH		DFND		16,412	0	0
HCA HEALTHCARE INC	COM	40412C101	20,725,888	62,141	SH		DFND		62,141	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	5,160,169	275,209	SH		DFND		275,209	0	0
HEICO CORP NEW	CL A	422806208	2,155,160	14,000	SH		DFND		14,000	0	0
HENRY JACK & ASSOC INC	COM	426281101	3,489,888	20,088	SH		DFND		20,088	0	0
HERSHEY CO	COM	427866108	3,994,836	20,539	SH		DFND		20,539	0	0
HESS CORP	COM	42809H107	74,414,900	487,519	SH		DFND		487,519	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	13,264,504	748,139	SH		DFND		748,139	0	0
HF SINCLAIR CORP	COM	403949100	11,875,262	196,708	SH		DFND		196,708	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A203	7,370,714	34,554	SH		DFND		34,554	0	0
HOLOGIC INC	COM	436440101	2,507,583	32,165	SH		DFND		32,165	0	0
HOME DEPOT INC	COM	437076102	9,724,644	25,351	SH		DFND		25,351	0	0
HONEYWELL INTL INC	COM	438516106	25,933,465	126,326	SH		DFND		126,326	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	7,266,249	351,366	SH		DFND		351,366	0	0
HOWARD HUGHES HOLDINGS INC	COM	44267T102	835,130	11,500	SH		DFND		11,500	0	0
HP INC	COM	40434L105	32,400,464	1,072,153	SH		DFND		1,072,153	0	0
HUBBELL INC	COM	443510607	1,556,022	3,749	SH		DFND		3,749	0	0
HUNT J B TRANS SVCS INC	COM	445658107	5,015,920	25,174	SH		DFND		25,174	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	1,360,669	97,539	SH		DFND		97,539	0	0
HUNTINGTON INGALLS INDS INC	COM	446413106	1,581,225	5,425	SH		DFND		5,425	0	0
HUNTSMAN CORP	COM	447011107	2,837,270	109,000	SH		DFND		109,000	0	0
IDEX CORP	COM	45167R104	2,302,085	9,434	SH		DFND		9,434	0	0
IDEXX LABS INC	COM	45168D104	10,787,801	19,980	SH		DFND		19,980	0	0
ILLINOIS TOOL WKS INC	COM	452308109	2,484,736	9,260	SH		DFND		9,260	0	0
ILLUMINA INC	COM	452327109	2,692,021	19,604	SH		DFND		19,604	0	0
IMAX CORP	COM	45245E109	1,758,358	108,742	SH		DFND		108,742	0	0
INCYTE CORP	COM	45337C102	5,132,370	90,089	SH		DFND		90,089	0	0
INGERSOLL RAND INC	COM	45687V106	5,266,782	55,469	SH		DFND		55,469	0	0
INSULET CORP	COM	45784P101	5,976,547	34,869	SH		DFND		34,869	0	0
INTEL CORP	COM	458140100	88,068,487	1,993,853	SH		DFND		1,993,853	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	246,412	1,793	SH		DFND		1,793	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	78,678,957	412,018	SH		DFND		412,018	0	0
INTERNATIONAL PAPER CO	COM	460146103	5,634,410	144,398	SH		DFND		144,398	0	0
INTUIT	COM	461202103	53,517,100	82,334	SH		DFND		82,334	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	56,566,618	141,739	SH		DFND		141,739	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	27,692,460	62,369	SH		DFND		62,369	0	0
IPG PHOTONICS CORP	COM	44980X109	1,469,178	16,200	SH		DFND		16,200	0	0
IQVIA HLDGS INC	COM	46266C105	6,324,526	25,009	SH		DFND		25,009	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	1,072,560	41,000	SH		DFND		41,000	0	0
IRON MTN INC DEL	COM	46284V101	1,460,704	18,211	SH		DFND		18,211	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	6,567,968	202,590	SH		DFND		202,590	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	47,333,590	663,400	SH		DFND		663,400	0	0
ISHARES TR	20 YR TR BD ETF	464287432	55,371,624	585,200	SH		DFND		585,200	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	5,748,000	50,000	SH		DFND		50,000	0	0
ISHARES TR	GLOBAL REIT ETF	46434V647	2,640,320	111,500	SH		DFND		111,500	0	0
ISHARES TR	MSCI ACWI ETF	464288257	5,176,110	47,000	SH		DFND		47,000	0	0
ISHARES TR	MSCI EAFE ETF	464287465	1,597,200	20,000	SH		DFND		20,000	0	0
JOHNSON & JOHNSON	COM	478160104	125,752,666	794,947	SH		DFND		794,947	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	70,570,748	1,080,385	SH		DFND		1,080,385	0	0
JPMORGAN CHASE & CO	COM	46625H100	73,014,157	364,524	SH		DFND		364,524	0	0
JUNIPER NETWORKS INC	COM	48203R104	29,244,454	789,111	SH		DFND		789,111	0	0
KELLANOVA	COM	487836108	2,112,511	36,874	SH		DFND		36,874	0	0
KEURIG DR PEPPER INC	COM	49271V100	8,781,128	286,310	SH		DFND		286,310	0	0
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	3,742,955	23,935	SH		DFND		23,935	0	0
KIMBERLY-CLARK CORP	COM	494368103	9,457,943	73,119	SH		DFND		73,119	0	0
KIMCO RLTY CORP	COM	49446R109	14,481,632	738,482	SH		DFND		738,482	0	0
KINDER MORGAN INC DEL	COM	49456B101	19,974,021	1,089,096	SH		DFND		1,089,096	0	0
KLA CORP	COM NEW	482480100	22,720,989	32,525	SH		DFND		32,525	0	0
KOHLS CORP	COM	500255104	5,538,500	190,000	SH		DFND		190,000	0	0
KRANESHARES TRUST	CSI CHI INTERNET	500767306	7,875,000	300,000	SH		DFND		300,000	0	0
KROGER CO	COM	501044101	5,192,831	90,895	SH		DFND		90,895	0	0
KYNDRYL HLDGS INC	COMMON STOCK	50155Q100	1,493,302	68,626	SH		DFND		68,626	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	5,534,846	25,973	SH		DFND		25,973	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	2,541,564	11,634	SH		DFND		11,634	0	0
LAM RESEARCH CORP	COM	512807108	68,332,461	70,332	SH		DFND		70,332	0	0
LAS VEGAS SANDS CORP	COM	517834107	1,814,773	35,102	SH		DFND		35,102	0	0
LAUDER ESTEE COS INC	CL A	518439104	9,513,984	61,719	SH		DFND		61,719	0	0
LEIDOS HOLDINGS INC	COM	525327102	12,957,198	98,842	SH		DFND		98,842	0	0
LENNAR CORP	CL A	526057104	16,143,591	93,869	SH		DFND		93,869	0	0
LIBERTY BROADBAND CORP	COM SER C	530307305	10,049,588	175,600	SH		DFND		175,600	0	0
LIBERTY MEDIA CORP DEL	COM LBTY LIV S C	531229722	13,075,888	298,400	SH		DFND		298,400	0	0
LIBERTY MEDIA CORP DEL	COM LBTY LIV S A	531229748	3,167,780	74,800	SH		DFND		74,800	0	0
LIBERTY MEDIA CORP DEL	COM LBTY SRM S A	531229813	9,979,200	336,000	SH		DFND		336,000	0	0
LIGHT & WONDER INC	COM	80874P109	57,680,850	565,000	SH		DFND		565,000	0	0
LINDE PLC	SHS	G54950103	109,609,701	236,065	SH		DFND		236,065	0	0
LOCKHEED MARTIN CORP	COM	539830109	13,405,019	29,470	SH		DFND		29,470	0	0
LOWES COS INC	COM	548661107	46,744,993	183,508	SH		DFND		183,508	0	0
LULULEMON ATHLETICA INC	COM	550021109	11,042,113	28,266	SH		DFND		28,266	0	0
LYFT INC	CL A COM	55087P104	16,074,045	830,700	SH		DFND		830,700	0	0
MARATHON OIL CORP	COM	565849106	30,357,695	1,071,196	SH		DFND		1,071,196	0	0
MARATHON PETE CORP	COM	56585A102	9,328,443	46,295	SH		DFND		46,295	0	0
MARKETAXESS HLDGS INC	COM	57060D108	1,047,796	4,779	SH		DFND		4,779	0	0
MARRIOTT INTL INC NEW	CL A	571903202	17,324,109	68,662	SH		DFND		68,662	0	0
MARSH & MCLENNAN COS INC	COM	571748102	12,778,175	62,036	SH		DFND		62,036	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	11,400,252	18,569	SH		DFND		18,569	0	0
MARVELL TECHNOLOGY INC	COM	573874104	16,973,067	239,462	SH		DFND		239,462	0	0
MASCO CORP	COM	574599106	2,375,392	30,114	SH		DFND		30,114	0	0
MASTEC INC	COM	576323109	2,611,000	28,000	SH		DFND		28,000	0	0
MASTERBRAND INC	COMMON STOCK	57638P104	2,623,600	140,000	SH		DFND		140,000	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	664,717,331	1,380,313	SH		DFND		1,380,313	0	0
MATCH GROUP INC NEW	COM	57667L107	11,429,869	315,046	SH		DFND		315,046	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	2,646,489	34,455	SH		DFND		34,455	0	0
MCDONALDS CORP	COM	580135101	75,702,447	268,496	SH		DFND		268,496	0	0
MCKESSON CORP	COM	58155Q103	41,878,058	78,007	SH		DFND		78,007	0	0
MDU RES GROUP INC	COM	552690109	6,224,400	247,000	SH		DFND		247,000	0	0
MERCADOLIBRE INC	COM	58733R102	7,931,742	5,246	SH		DFND		5,246	0	0
MERCK & CO INC	COM	58933Y105	107,643,227	815,788	SH		DFND		815,788	0	0
META PLATFORMS INC	CL A	30303M102	325,016,175	669,336	SH		DFND		669,336	0	0
METLIFE INC	COM	59156R108	1,454,409	19,625	SH		DFND		19,625	0	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	3,917,986	2,943	SH		DFND		2,943	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	1,767,826	37,446	SH		DFND		37,446	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	12,827,005	142,983	SH		DFND		142,983	0	0
MICRON TECHNOLOGY INC	COM	595112103	137,165,722	1,163,506	SH		DFND		1,163,506	0	0
MICROSOFT CORP	COM	594918104	1,111,222,914	2,641,241	SH		DFND		2,641,241	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	2,104,491	15,994	SH		DFND		15,994	0	0
MOLINA HEALTHCARE INC	COM	60855R100	3,265,277	7,948	SH		DFND		7,948	0	0
MOLSON COORS BEVERAGE CO	CL B	60871R209	4,470,377	66,474	SH		DFND		66,474	0	0
MONDELEZ INTL INC	CL A	609207105	23,691,220	338,446	SH		DFND		338,446	0	0
MONGODB INC	CL A	60937P106	706,521	1,970	SH		DFND		1,970	0	0
MONOLITHIC PWR SYS INC	COM	609839105	6,354,877	9,381	SH		DFND		9,381	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	18,164,281	306,415	SH		DFND		306,415	0	0
MOODYS CORP	COM	615369105	7,799,287	19,844	SH		DFND		19,844	0	0
MORGAN STANLEY	COM NEW	617446448	11,446,372	121,563	SH		DFND		121,563	0	0
MORNINGSTAR INC	COM	617700109	4,317,180	14,000	SH		DFND		14,000	0	0
MOSAIC CO NEW	COM	61945C103	17,438,843	537,241	SH		DFND		537,241	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	22,485,498	63,343	SH		DFND		63,343	0	0
MPLX LP	COM UNIT REP LTD	55336V100	131,678,704	3,168,400	SH		DFND		3,168,400	0	0
MSA SAFETY INC	COM	553498106	2,671,542	13,800	SH		DFND		13,800	0	0
MSCI INC	COM	55354G100	5,589,368	9,973	SH		DFND		9,973	0	0
NASDAQ INC	COM	631103108	1,804,092	28,591	SH		DFND		28,591	0	0
NATURAL RESOURCE PARTNERS L	COM UNIT LTD PAR	63900P608	4,268,800	46,400	SH		DFND		46,400	0	0
NAVIOS MARITIME PARTNERS L P	COM UNIT LPI	Y62267409	554,060	13,000	SH		DFND		13,000	0	0
NCR VOYIX CORPORATION	COM	62886E108	8,689,440	688,000	SH		DFND		688,000	0	0
NETAPP INC	COM	64110D104	29,122,037	277,432	SH		DFND		277,432	0	0
NETFLIX INC	COM	64110L106	69,895,180	115,086	SH		DFND		115,086	0	0
NEWMONT CORP	COM	651639106	7,095,460	197,976	SH		DFND		197,976	0	0
NEWS CORP NEW	CL B	65249B208	4,835,920	178,711	SH		DFND		178,711	0	0
NEXTERA ENERGY INC	COM	65339F101	6,777,336	106,045	SH		DFND		106,045	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	7,856,640	1,364,000	SH		DFND		1,364,000	0	0
NIKE INC	CL B	654106103	5,481,665	58,328	SH		DFND		58,328	0	0
NISOURCE INC	COM	65473P105	230,961	8,350	SH		DFND		8,350	0	0
NORDSTROM INC	COM	655664100	1,475,656	72,800	SH		DFND		72,800	0	0
NORFOLK SOUTHN CORP	COM	655844108	27,004,241	105,953	SH		DFND		105,953	0	0
NORTHERN TR CORP	COM	665859104	2,299,827	25,864	SH		DFND		25,864	0	0
NORTHROP GRUMMAN CORP	COM	666807102	9,250,583	19,326	SH		DFND		19,326	0	0
NRG ENERGY INC	COM NEW	629377508	5,208,813	76,951	SH		DFND		76,951	0	0
NUCOR CORP	COM	670346105	6,666,657	33,687	SH		DFND		33,687	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	23,258,365	999,500	SH		DFND		999,500	0	0
NVIDIA CORPORATION	COM	67066G104	806,972,147	893,103	SH		DFND		893,103	0	0
NVR INC	COM	62944T105	3,547,782	438	SH		DFND		438	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	15,293,851	61,726	SH		DFND		61,726	0	0
OKTA INC	CL A	679295105	24,774,016	236,800	SH		DFND		236,800	0	0
OLD DOMINION FREIGHT LINE IN	COM	679580100	10,318,097	47,048	SH		DFND		47,048	0	0
ON SEMICONDUCTOR CORP	COM	682189105	12,031,235	163,579	SH		DFND		163,579	0	0
ONEOK INC NEW	COM	682680103	69,352,902	865,073	SH		DFND		865,073	0	0
ORACLE CORP	COM	68389X105	32,416,675	258,074	SH		DFND		258,074	0	0
OREILLY AUTOMOTIVE INC	COM	67103H107	25,066,780	22,205	SH		DFND		22,205	0	0
OTIS WORLDWIDE CORP	COM	68902V107	5,515,342	55,559	SH		DFND		55,559	0	0
OVINTIV INC	COM	69047Q102	10,639,500	205,000	SH		DFND		205,000	0	0
OWENS CORNING NEW	COM	690742101	9,263,405	55,536	SH		DFND		55,536	0	0
PACCAR INC	COM	693718108	28,072,235	226,590	SH		DFND		226,590	0	0
PACKAGING CORP AMER	COM	695156109	5,230,337	27,560	SH		DFND		27,560	0	0
PARAMOUNT GLOBAL	CLASS B COM	92556H206	468,034	39,765	SH		DFND		39,765	0	0
PARKER-HANNIFIN CORP	COM	701094104	19,750,553	35,536	SH		DFND		35,536	0	0
PAYCHEX INC	COM	704326107	9,979,219	81,264	SH		DFND		81,264	0	0
PAYCOM SOFTWARE INC	COM	70432V102	1,310,282	6,584	SH		DFND		6,584	0	0
PAYCOR HCM INC	COM	70435P102	1,652,400	85,000	SH		DFND		85,000	0	0
PAYPAL HLDGS INC	COM	70450Y103	16,721,776	249,616	SH		DFND		249,616	0	0
PENN ENTERTAINMENT INC	COM	707569109	25,217,208	1,384,800	SH		DFND		1,384,800	0	0
PENTAIR PLC	SHS	G7S00T104	12,615,301	147,651	SH		DFND		147,651	0	0
PEPSICO INC	COM	713448108	88,872,353	507,813	SH		DFND		507,813	0	0
PFIZER INC	COM	717081103	22,041,437	794,286	SH		DFND		794,286	0	0
PG&E CORP	COM	69331C108	15,089,933	900,354	SH		DFND		900,354	0	0
PHILIP MORRIS INTL INC	COM	718172109	99,419,794	1,085,132	SH		DFND		1,085,132	0	0
PHILLIPS 66	COM	718546104	11,029,207	67,523	SH		DFND		67,523	0	0
PHINIA INC	COMMON STOCK	71880K101	4,919,040	128,000	SH		DFND		128,000	0	0
PIONEER NAT RES CO	COM	723787107	132,224,663	503,713	SH		DFND		503,713	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	32,151,600	1,832,000	SH		DFND		1,832,000	0	0
PLAINS GP HLDGS L P	LTD PARTNR INT A	72651A207	5,657,500	310,000	SH		DFND		310,000	0	0
PNC FINL SVCS GROUP INC	COM	693475105	256,459	1,587	SH		DFND		1,587	0	0
PPG INDS INC	COM	693506107	16,143,599	111,412	SH		DFND		111,412	0	0
PPL CORP	COM	69351T106	652,681	23,708	SH		DFND		23,708	0	0
PREMIER INC	CL A	74051N102	9,335,040	422,400	SH		DFND		422,400	0	0
PRICE T ROWE GROUP INC	COM	74144T108	2,100,804	17,231	SH		DFND		17,231	0	0
PROCTER AND GAMBLE CO	COM	742718109	106,703,064	657,646	SH		DFND		657,646	0	0
PROGRESSIVE CORP	COM	743315103	15,263,316	73,800	SH		DFND		73,800	0	0
PROLOGIS INC.	COM	74340W103	16,368,263	125,697	SH		DFND		125,697	0	0
PUBLIC STORAGE	COM	74460D109	35,818,059	123,485	SH		DFND		123,485	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	2,636,742	39,484	SH		DFND		39,484	0	0
PULTE GROUP INC	COM	745867101	5,593,029	46,369	SH		DFND		46,369	0	0
PURE STORAGE INC	CL A	74624M102	3,743,280	72,000	SH		DFND		72,000	0	0
QIAGEN NV	SHS NEW	N72482149	3,465,037	80,601	SH		DFND		80,601	0	0
QORVO INC	COM	74736K101	12,106,527	105,430	SH		DFND		105,430	0	0
QUALCOMM INC	COM	747525103	192,987,779	1,139,916	SH		DFND		1,139,916	0	0
QUANTA SVCS INC	COM	74762E102	19,461,098	74,908	SH		DFND		74,908	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	11,055,584	83,056	SH		DFND		83,056	0	0
RALPH LAUREN CORP	CL A	751212101	245,027	1,305	SH		DFND		1,305	0	0
REALTY INCOME CORP	COM	756109104	5,407,836	99,960	SH		DFND		99,960	0	0
REGENCY CTRS CORP	COM	758849103	1,363,266	22,511	SH		DFND		22,511	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	26,282,714	27,307	SH		DFND		27,307	0	0
REPUBLIC SVCS INC	COM	760759100	21,063,186	110,025	SH		DFND		110,025	0	0
RESMED INC	COM	761152107	3,991,493	20,156	SH		DFND		20,156	0	0
ROBERT HALF INC.	COM	770323103	621,714	7,842	SH		DFND		7,842	0	0
ROBINHOOD MKTS INC	COM CL A	770700102	1,906,311	94,700	SH		DFND		94,700	0	0
ROBLOX CORP	CL A	771049103	9,354,100	245,000	SH		DFND		245,000	0	0
ROCKWELL AUTOMATION INC	COM	773903109	408,736	1,403	SH		DFND		1,403	0	0
ROLLINS INC	COM	775711104	5,990,577	129,470	SH		DFND		129,470	0	0
ROPER TECHNOLOGIES INC	COM	776696106	24,696,029	44,034	SH		DFND		44,034	0	0
ROSS STORES INC	COM	778296103	32,576,611	221,972	SH		DFND		221,972	0	0
ROYAL CARIBBEAN GROUP	COM	V7780T103	4,493,776	32,327	SH		DFND		32,327	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	1,108,505	36,500	SH		DFND		36,500	0	0
RTX CORPORATION	COM	75513E101	17,732,417	181,815	SH		DFND		181,815	0	0
S&P GLOBAL INC	COM	78409V104	2,063,007	4,849	SH		DFND		4,849	0	0
SALESFORCE INC	COM	79466L302	157,976,440	524,525	SH		DFND		524,525	0	0
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	3,203,693	14,784	SH		DFND		14,784	0	0
SCHLUMBERGER LTD	COM STK	806857108	14,989,768	273,486	SH		DFND		273,486	0	0
SCHNEIDER NATIONAL INC	CL B	80689H102	928,240	41,000	SH		DFND		41,000	0	0
SCHWAB CHARLES CORP	COM	808513105	13,572,214	187,617	SH		DFND		187,617	0	0
SEADRILL 2021 LTD	COM	G7997W102	21,856,004	434,513	SH		DFND		434,513	0	0
SEAGATE TECHNOLOGY HLDNGS PL	ORD SHS	G7997R103	1,712,213	18,401	SH		DFND		18,401	0	0
SELECT SECTOR SPDR TR	INDL	81369Y704	62,980,000	500,000	SH		DFND		500,000	0	0
SEMPRA	COM	816851109	12,543,170	174,623	SH		DFND		174,623	0	0
SENSATA TECHNOLOGIES HLDG PL	SHS	G8060N102	15,798,200	430,000	SH		DFND		430,000	0	0
SERVICENOW INC	COM	81762P102	21,416,578	28,091	SH		DFND		28,091	0	0
SHERWIN WILLIAMS CO	COM	824348106	146,110,964	420,669	SH		DFND		420,669	0	0
SIRIUS XM HOLDINGS INC	COM	82968B103	1,542,816	397,633	SH		DFND		397,633	0	0
SKECHERS U S A INC	CL A	830566105	1,053,672	17,200	SH		DFND		17,200	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	8,888,306	82,056	SH		DFND		82,056	0	0
SMITH A O CORP	COM	831865209	1,505,701	16,831	SH		DFND		16,831	0	0
SMUCKER J M CO	COM NEW	832696405	1,830,779	14,545	SH		DFND		14,545	0	0
SNAP ON INC	COM	833034101	2,142,263	7,232	SH		DFND		7,232	0	0
SOUTHWEST AIRLS CO	COM	844741108	2,386,604	81,761	SH		DFND		81,761	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	7,121,410	939,500	SH		DFND		939,500	0	0
SPDR GOLD TR	GOLD SHS	78463V107	30,858,000	150,000	SH		DFND		150,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	126,626,878	242,084	SH		DFND		242,084	0	0
SPOTIFY TECHNOLOGY S A	SHS	L8681T102	10,371,270	39,300	SH		DFND		39,300	0	0
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	2,639,170	41,000	SH		DFND		41,000	0	0
SSR MINING IN	COM	784730103	1,859,820	417,000	SH		DFND		417,000	0	0
STANLEY BLACK & DECKER INC	COM	854502101	1,078,013	11,008	SH		DFND		11,008	0	0
STARBUCKS CORP	COM	855244109	48,067,302	525,958	SH		DFND		525,958	0	0
STEEL DYNAMICS INC	COM	858119100	3,089,558	20,843	SH		DFND		20,843	0	0
STRYKER CORPORATION	COM	863667101	32,185,396	89,936	SH		DFND		89,936	0	0
SUPER MICRO COMPUTER INC	COM	86800U104	6,969,207	6,900	SH		DFND		6,900	0	0
SYNOPSYS INC	COM	871607107	20,966,049	36,686	SH		DFND		36,686	0	0
SYSCO CORP	COM	871829107	6,836,817	84,218	SH		DFND		84,218	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	2,293,803	16,860	SH		DFND		16,860	0	0
TAPESTRY INC	COM	876030107	1,509,484	31,792	SH		DFND		31,792	0	0
TARGA RES CORP	COM	87612G101	4,597,637	41,054	SH		DFND		41,054	0	0
TARGET CORP	COM	87612E106	11,210,659	63,262	SH		DFND		63,262	0	0
TE CONNECTIVITY LTD	SHS	H84989104	6,145,831	42,315	SH		DFND		42,315	0	0
TECHNIPFMC PLC	COM	G87110105	5,777,987	230,107	SH		DFND		230,107	0	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	4,063,943	9,466	SH		DFND		9,466	0	0
TERADATA CORP DEL	COM	88076W103	788,868	20,400	SH		DFND		20,400	0	0
TEXAS INSTRS INC	COM	882508104	74,386,276	426,992	SH		DFND		426,992	0	0
TEXTRON INC	COM	883203101	2,576,584	26,859	SH		DFND		26,859	0	0
THE CIGNA GROUP	COM	125523100	14,557,382	40,082	SH		DFND		40,082	0	0
THE TRADE DESK INC	COM CL A	88339J105	4,025,866	46,052	SH		DFND		46,052	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	51,288,876	88,245	SH		DFND		88,245	0	0
TJX COS INC NEW	COM	872540109	42,715,061	421,170	SH		DFND		421,170	0	0
T-MOBILE US INC	COM	872590104	2,347,430	14,382	SH		DFND		14,382	0	0
TOLL BROTHERS INC	COM	889478103	10,064,986	77,800	SH		DFND		77,800	0	0
TRACTOR SUPPLY CO	COM	892356106	475,022	1,815	SH		DFND		1,815	0	0
TRANE TECHNOLOGIES PLC	SHS	G8994E103	13,863,836	46,182	SH		DFND		46,182	0	0
TRANSDIGM GROUP INC	COM	893641100	8,153,192	6,620	SH		DFND		6,620	0	0
TRAVEL PLUS LEISURE CO	COM	894164102	1,468,800	30,000	SH		DFND		30,000	0	0
TRIMBLE INC	COM	896239100	6,242,212	96,989	SH		DFND		96,989	0	0
TRUIST FINL CORP	COM	89832Q109	1,531,095	39,279	SH		DFND		39,279	0	0
TYLER TECHNOLOGIES INC	COM	902252105	328,108	772	SH		DFND		772	0	0
UBER TECHNOLOGIES INC	COM	90353T100	46,768,884	607,467	SH		DFND		607,467	0	0
UDR INC	COM	902653104	7,084,219	189,367	SH		DFND		189,367	0	0
UGI CORP NEW	COM	902681105	1,047,858	42,700	SH		DFND		42,700	0	0
ULTA BEAUTY INC	COM	90384S303	4,609,710	8,816	SH		DFND		8,816	0	0
UNION PAC CORP	COM	907818108	87,143,082	354,341	SH		DFND		354,341	0	0
UNITED AIRLS HLDGS INC	COM	910047109	11,924,418	249,048	SH		DFND		249,048	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	12,350,856	83,098	SH		DFND		83,098	0	0
UNITED STATES STL CORP NEW	COM	912909108	43,920,060	1,077,000	SH		DFND		1,077,000	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,021,536	8,800	SH		DFND		8,800	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	56,024,280	113,249	SH		DFND		113,249	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	2,620,126	14,360	SH		DFND		14,360	0	0
US BANCORP DEL	COM NEW	902973304	2,467,127	55,193	SH		DFND		55,193	0	0
VALARIS LTD	CL A	G9460G101	248,358	3,300	SH		DFND		3,300	0	0
VALE S A	SPONSORED ADS	91912E105	420,555	34,500	SH		DFND		34,500	0	0
VALMONT INDS INC	COM	920253101	1,803,412	7,900	SH		DFND		7,900	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	552,421	3,392	SH		DFND		3,392	0	0
VENTAS INC	COM	92276F100	11,931,615	274,038	SH		DFND		274,038	0	0
VERALTO CORP	COM SHS	92338C103	18,587,569	209,650	SH		DFND		209,650	0	0
VERISIGN INC	COM	92343E102	18,150,699	95,777	SH		DFND		95,777	0	0
VERISK ANALYTICS INC	COM	92345Y106	10,679,983	45,306	SH		DFND		45,306	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	22,906,845	545,921	SH		DFND		545,921	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	32,204,744	77,043	SH		DFND		77,043	0	0
VERTIV HOLDINGS CO	COM CL A	92537N108	9,882,070	121,000	SH		DFND		121,000	0	0
VESTIS CORPORATION	COM SHS	29430C102	9,288,140	482,000	SH		DFND		482,000	0	0
VIATRIS INC	COM	92556V106	1,962,829	164,391	SH		DFND		164,391	0	0
VICI PPTYS INC	COM	925652109	5,082,829	170,622	SH		DFND		170,622	0	0
VORNADO RLTY TR	SH BEN INT	929042109	35,126,070	1,220,927	SH		DFND		1,220,927	0	0
VULCAN MATLS CO	COM	929160109	6,333,927	23,208	SH		DFND		23,208	0	0
WABTEC	COM	929740108	17,814,624	122,286	SH		DFND		122,286	0	0
WALMART INC	COM	931142103	57,672,103	958,486	SH		DFND		958,486	0	0
WASTE MGMT INC DEL	COM	94106L109	51,086,087	239,672	SH		DFND		239,672	0	0
WAYFAIR INC	CL A	94419L101	1,887,064	27,800	SH		DFND		27,800	0	0
WELLS FARGO CO NEW	COM	949746101	19,911,926	343,546	SH		DFND		343,546	0	0
WELLTOWER INC	COM	95040Q104	29,323,060	313,817	SH		DFND		313,817	0	0
WESTERN DIGITAL CORP.	COM	958102105	3,441,411	50,431	SH		DFND		50,431	0	0
WESTLAKE CHEM PARTNERS LP	COM UNIT RP LP	960417103	333,000	15,000	SH		DFND		15,000	0	0
WESTROCK CO	COM	96145D105	33,710,658	681,712	SH		DFND		681,712	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	3,590,928	99,998	SH		DFND		99,998	0	0
WHIRLPOOL CORP	COM	963320106	1,327,893	11,100	SH		DFND		11,100	0	0
WILLIAMS COS INC	COM	969457100	6,586,359	169,011	SH		DFND		169,011	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	2,848,824	65,400	SH		DFND		65,400	0	0
WORKDAY INC	CL A	98138H101	5,899,037	21,628	SH		DFND		21,628	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	1,504,300	19,600	SH		DFND		19,600	0	0
WYNN RESORTS LTD	COM	983134107	1,334,919	13,058	SH		DFND		13,058	0	0
XCEL ENERGY INC	COM	98389B100	12,473,494	232,065	SH		DFND		232,065	0	0
XYLEM INC	COM	98419M100	13,316,243	103,035	SH		DFND		103,035	0	0
ZOETIS INC	CL A	98978V103	36,263,734	214,312	SH		DFND		214,312	0	0
ZSCALER INC	COM	98980G102	2,956,871	15,350	SH		DFND		15,350	0	0