Zurich Insurance (ZFSVF) 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
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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
API Group Corp	COM STK	00187Y100	53,045,398	1,533,104	SH		DFND	1	0	1,533,104	0
AbbVie Inc	COM	00287Y109	52,974,325	341,836	SH		DFND	1	0	341,836	0
Adobe Inc	COM	00724F101	125,022,899	209,559	SH		DFND	1	0	209,559	0
Agilent Technologies Inc	COM	00846U101	45,515,780	327,381	SH		DFND	1	0	327,381	0
Alphabet Inc	CAP STK CL A	02079K305	415,145,968	2,971,909	SH		DFND	1	0	2,971,909	0
Amazon.com Inc	COM	023135106	402,197,943	2,647,084	SH		DFND	1	0	2,647,084	0
American International Group Inc	COM NEW	026874784	28,571,462	421,719	SH		DFND	1	0	421,719	0
American Tower Corp	COM	03027X100	75,746,895	350,875	SH		DFND	1	0	350,875	0
Cencora Inc	COM	03073E105	50,077,395	243,828	SH		DFND	1	0	243,828	0
Amgen Inc	COM	031162100	5,241,964	18,200	SH		DFND	1	0	18,200	0
Amphenol Corp	CL A	032095101	1,734,775	17,500	SH		DFND	1	0	17,500	0
Analog Devices Inc	COM	032654105	72,268,692	363,964	SH		DFND	1	0	363,964	0
Elevance Health Inc	COM	036752103	1,886,240	4,000	SH		DFND	1	0	4,000	0
Apollo Global Management Inc	COM	03769M106	60,840,769	652,868	SH		DFND	1	0	652,868	0
Apple Inc	COM	037833100	617,250,795	3,205,998	SH		DFND	1	0	3,205,998	0
Applied Materials Inc	COM	038222105	110,998,177	684,878	SH		DFND	1	0	684,878	0
AptarGroup Inc	COM	038336103	1,223,838	9,900	SH		DFND	1	0	9,900	0
Autoliv Inc	COM	052800109	1,443,489	13,100	SH		DFND	1	0	13,100	0
Axon Enterprise Inc	COM	05464C101	51,835,723	200,657	SH		DFND	1	0	200,657	0
Baker Hughes Co	CL A	05722G100	29,558,727	864,796	SH		DFND	1	0	864,796	0
Bank of America Corp	COM	060505104	108,447,838	3,220,904	SH		DFND	1	0	3,220,904	0
Berkshire Hathaway Inc	CL B NEW	084670702	40,891,426	114,651	SH		DFND	1	0	114,651	0
Best Buy Co Inc	COM	086516101	806,284	10,300	SH		DFND	1	0	10,300	0
BlackRock Inc	COM	09247X101	2,922,480	3,600	SH		DFND	1	0	3,600	0
Boeing Co/The	COM	097023105	49,092,965	188,341	SH		DFND	1	0	188,341	0
Bristol-Myers Squibb Co	COM	110122108	3,068,338	59,800	SH		DFND	1	0	59,800	0
Broadcom Inc	COM	11135F101	173,087,958	155,062	SH		DFND	1	0	155,062	0
CDW Corp/DE	COM	12514G108	1,954,952	8,600	SH		DFND	1	0	8,600	0
Campbell Soup Co	COM	134429109	1,059,135	24,500	SH		DFND	1	0	24,500	0
Cardinal Health Inc	COM	14149Y108	27,738,648	275,185	SH		DFND	1	0	275,185	0
Carlisle Cos Inc	COM	142339100	57,315,908	183,452	SH		DFND	1	0	183,452	0
Cheniere Energy Inc	COM NEW	16411R208	25,327,389	148,365	SH		DFND	1	0	148,365	0
Chipotle Mexican Grill Inc	COM	169656105	60,062,430	26,263	SH		DFND	1	0	26,263	0
Choice Hotels International Inc	COM	169905106	974,380	8,600	SH		DFND	1	0	8,600	0
Church & Dwight Co Inc	COM	171340102	1,768,272	18,700	SH		DFND	1	0	18,700	0
Cisco Systems Inc	COM	17275R102	4,031,496	79,800	SH		DFND	1	0	79,800	0
Clean Harbors Inc	COM	184496107	90,097,942	516,291	SH		DFND	1	0	516,291	0
Coca-Cola Femsa SAB de CV	SPONSORD ADR REP	191241108	1,826,552	19,300	SH		DFND	1	0	19,300	0
Cognizant Technology Solutions Corp	CL A	192446102	2,001,545	26,500	SH		DFND	1	0	26,500	0
Colgate-Palmolive Co	COM	194162103	1,586,229	19,900	SH		DFND	1	0	19,900	0
Comcast Corp	CL A	20030N101	2,929,180	66,800	SH		DFND	1	0	66,800	0
ConocoPhillips	COM	20825C104	80,143,085	690,472	SH		DFND	1	0	690,472	0
Core & Main Inc	CL A	21874C102	81,450,638	2,015,606	SH		DFND	1	0	2,015,606	0
Corning Inc	COM	219350105	1,656,480	54,400	SH		DFND	1	0	54,400	0
Costco Wholesale Corp	COM	22160K105	120,559,652	182,644	SH		DFND	1	0	182,644	0
Cummins Inc	COM	231021106	1,293,678	5,400	SH		DFND	1	0	5,400	0
DR Horton Inc	COM	23331A109	46,511,047	306,034	SH		DFND	1	0	306,034	0
Danaher Corp	COM	235851102	83,201,200	359,649	SH		DFND	1	0	359,649	0
Darden Restaurants Inc	COM	237194105	1,643,000	10,000	SH		DFND	1	0	10,000	0
Dell Technologies Inc	CL C	24703L202	1,813,050	23,700	SH		DFND	1	0	23,700	0
Dexcom Inc	COM	252131107	25,804,019	207,946	SH		DFND	1	0	207,946	0
Diamondback Energy Inc	COM	25278X109	42,589,931	274,632	SH		DFND	1	0	274,632	0
Digital Realty Trust Inc	COM	253868103	27,503,980	204,369	SH		DFND	1	0	204,369	0
Dollar General Corp	COM	256677105	83,050,088	610,887	SH		DFND	1	0	610,887	0
Dollar Tree Inc	COM	256746108	29,695,979	209,053	SH		DFND	1	0	209,053	0
Eagle Materials Inc	COM	26969P108	19,546,271	96,363	SH		DFND	1	0	96,363	0
eBay Inc	COM	278642103	1,653,198	37,900	SH		DFND	1	0	37,900	0
Ecolab Inc	COM	278865100	2,221,520	11,200	SH		DFND	1	0	11,200	0
Enact Holdings Inc	COM	29249E109	1,109,376	38,400	SH		DFND	1	0	38,400	0
Encompass Health Corp	COM	29261A100	1,127,568	16,900	SH		DFND	1	0	16,900	0
Extra Space Storage Inc	COM	30225T102	35,163,095	219,317	SH		DFND	1	0	219,317	0
Exxon Mobil Corp	COM	30231G102	44,596,879	446,058	SH		DFND	1	0	446,058	0
Meta Platforms Inc	CL A	30303M102	281,838,172	796,243	SH		DFND	1	0	796,243	0
FedEx Corp	COM	31428X106	55,693,116	220,157	SH		DFND	1	0	220,157	0
First Horizon Corp	COM	320517105	9,068,404	640,424	SH		DFND	1	0	640,424	0
Fiserv Inc	COM	337738108	47,628,321	358,539	SH		DFND	1	0	358,539	0
Fluor Corp	COM	343412102	23,133,645	590,596	SH		DFND	1	0	590,596	0
Fox Corp	CL A COM	35137L105	1,738,662	58,600	SH		DFND	1	0	58,600	0
Franco-Nevada Corp	COM	351858105	1,167,002	10,500	SH		DFND	1	0	10,500	0
FRANKLIN FTSE BRAZIL ETF	FTSE BRAZIL	35473P835	1,365,033	66,230	SH		DFND		0	66,230	0
Freeport-McMoRan Inc	CL B	35671D857	48,798,672	1,146,316	SH		DFND	1	0	1,146,316	0
Gartner Inc	COM	366651107	59,878,086	132,735	SH		DFND	1	0	132,735	0
General Dynamics Corp	COM	369550108	2,414,931	9,300	SH		DFND	1	0	9,300	0
General Electric Co	COM NEW	369604301	63,997,766	501,432	SH		DFND	1	0	501,432	0
General Mills Inc	COM	370334104	1,769,202	27,160	SH		DFND	1	0	27,160	0
General Motors Co	COM	37045V100	2,148,016	59,800	SH		DFND	1	0	59,800	0
Gentex Corp	COM	371901109	1,182,292	36,200	SH		DFND	1	0	36,200	0
Genuine Parts Co	COM	372460105	2,146,750	15,500	SH		DFND	1	0	15,500	0
Gilead Sciences Inc	COM	375558103	2,487,007	30,700	SH		DFND	1	0	30,700	0
Grocery Outlet Holding Corp	COM	39874R101	357,629	13,275	SH		DFND		0	13,275	0
HP Inc	COM	40434L105	989,961	32,900	SH		DFND	1	0	32,900	0
Home Depot Inc/The	COM	437076102	4,956,358	14,302	SH		DFND	1	0	14,302	0
Honeywell International Inc	COM	438516106	1,929,332	9,200	SH		DFND	1	0	9,200	0
Host Hotels & Resorts Inc	COM	44107P104	51,327,788	2,636,250	SH		DFND	1	0	2,636,250	0
Huntington Ingalls Industries Inc	COM	446413106	1,479,948	5,700	SH		DFND	1	0	5,700	0
Ingersoll Rand Inc	COM	45687V106	86,998,374	1,124,882	SH		DFND	1	0	1,124,882	0
Ingredion Inc	COM	457187102	1,237,242	11,400	SH		DFND	1	0	11,400	0
Installed Building Products Inc	COM	45780R101	1,298,022	7,100	SH		DFND	1	0	7,100	0
Interpublic Group of Cos Inc/The	COM	460690100	1,498,176	45,900	SH		DFND	1	0	45,900	0
Intuit Inc	COM	461202103	78,988,166	126,375	SH		DFND	1	0	126,375	0
ISHARES MSCI BRAZIL ETF	MSCI BRAZIL ETF	464286400	2,987,031	86,984	SH		DFND		0	86,984	0
iShares MSCI Canada ETF	MSCI CDA ETF	464286509	7,828,686	213,432	SH		DFND	1	0	213,432	0
ISHARES MSCI EUROZONE ETF	MSCI EURZONE ETF	464286608	217,949	4,674	SH		DFND		0	4,674	0
ISHARES MSCI CHILE ETF	MSCI CHILE ETF	464286640	318,054	12,200	SH		DFND		0	12,200	0
ISHARES MSCI FRANCE ETF	MSCI FRANCE ETF	464286707	2,595,302	67,586	SH		DFND		0	67,586	0
ISHARES MSCI SPAIN ETF	MSCI SPAIN ETF	464286764	562,200	18,530	SH		DFND		0	18,530	0
ISHARES MSCI GERMANY ETF	MSCI GERMANY ETF	464286806	1,526,161	52,230	SH		DFND		0	52,230	0
ISHARES MSCI MEXICO ETF	MSCI MEXICO ETF	464286822	673,453	10,150	SH		DFND		0	10,150	0
ISHARES S&P 500 VALUE ETF	S&P 500 VAL ETF	464287408	3,352,722	19,343	SH		DFND		0	19,343	0
ISHARES U.S. INDUSTRIALS ETF	US INDUSTRIALS	464287754	2,055,840	18,232	SH		DFND		0	18,232	0
ISHARES MSCI ALL COUNTRY ASI	MSCI AC ASIA ETF	464288182	2,227,017	34,506	SH		DFND		0	34,506	0
ISHARES MSCI ACWI ETF	MSCI ACWI ETF	464288257	325,553	3,209	SH		DFND		0	3,209	0
iShares MBS ETF	MBS ETF	464288588	31,794,543	338,060	SH		DFND		0	338,060	0
iShares 1-5 Year Investment Grade Corporate Bond ETF	ISHS 1-5YR INVS	464288646	34,842,118	679,581	SH		DFND		0	679,581	0
ISHARES MSCI INDONESIA ETF	MSCI INDONIA ETF	46429B309	194,704	8,600	SH		DFND		0	8,600	0
ISHARES MSCI CHINA ETF	MSCI CHINA ETF	46429B671	329,591	8,499	SH		DFND		0	8,499	0
ISHARES MSCI TAIWAN ETF	MSCI TAIWAN ETF	46434G772	3,753,792	85,120	SH		DFND		0	85,120	0
ISHARES MSCI SINGAPORE ETF	MSCI SINGPOR ETF	46434G780	346,563	19,126	SH		DFND		0	19,126	0
ISHARES MSCI JAPAN ETF	MSCI JPN ETF NEW	46434G822	3,628,805	54,626	SH		DFND		0	54,626	0
JPMorgan Chase & Co	COM	46625H100	98,269,322	577,715	SH		DFND	1	0	577,715	0
JPMORGAN BETABUILDERS JAPAN	BETABULDRS JAPAN	46641Q217	1,151,376	21,165	SH		DFND		0	21,165	0
Jefferies Financial Group Inc	COM	47233W109	40,953,353	1,013,446	SH		DFND	1	0	1,013,446	0
Johnson & Johnson	COM	478160104	4,874,614	31,100	SH		DFND	1	0	31,100	0
KLA Corp	COM NEW	482480100	90,801,385	156,204	SH		DFND	1	0	156,204	0
KKR & Co Inc	COM	48251W104	72,569,641	875,916	SH		DFND	1	0	875,916	0
Kellanova	COM	487836108	1,006,380	18,000	SH		DFND	1	0	18,000	0
KeyCorp	COM	493267108	49,266,072	3,421,255	SH		DFND	1	0	3,421,255	0
Kimco Realty Corp	COM	49446R109	33,052,108	1,551,014	SH		DFND	1	0	1,551,014	0
Kroger Co/The	COM	501044101	1,490,146	32,600	SH		DFND	1	0	32,600	0
LKQ Corp	COM	501889208	1,333,341	27,900	SH		DFND	1	0	27,900	0
Lam Research Corp	COM	512807108	3,289,692	4,200	SH		DFND	1	0	4,200	0
Lamar Advertising Co	CL A	512816109	1,371,012	12,900	SH		DFND	1	0	12,900	0
Estee Lauder Cos Inc/The	CL A	518439104	100,154,779	684,819	SH		DFND	1	0	684,819	0
Eli Lilly & Co	COM	532457108	133,593,023	229,179	SH		DFND	1	0	229,179	0
Lincoln Electric Holdings Inc	COM	533900106	49,199,890	226,248	SH		DFND	1	0	226,248	0
Lockheed Martin Corp	COM	539830109	2,039,580	4,500	SH		DFND	1	0	4,500	0
Lululemon Athletica Inc	COM	550021109	94,415,323	184,661	SH		DFND	1	0	184,661	0
Marathon Petroleum Corp	COM	56585A102	33,091,253	223,047	SH		DFND	1	0	223,047	0
Markel Group Inc	COM	570535104	24,608,287	17,331	SH		DFND	1	0	17,331	0
Mastercard Inc	CL A	57636Q104	119,947,407	281,230	SH		DFND	1	0	281,230	0
McDonald's Corp	COM	580135101	2,164,523	7,300	SH		DFND	1	0	7,300	0
McKesson Corp	COM	58155Q103	28,114,923	60,726	SH		DFND	1	0	60,726	0
Merck & Co Inc	COM	58933Y105	4,349,462	39,896	SH		DFND	1	0	39,896	0
Microsoft Corp	COM	594918104	617,549,058	1,642,243	SH		DFND	1	0	1,642,243	0
Micron Technology Inc	COM	595112103	81,751,197	957,947	SH		DFND	1	0	957,947	0
Mondelez International Inc	CL A	609207105	2,595,312	35,832	SH		DFND	1	0	35,832	0
Moody's Corp	COM	615369105	37,002,436	94,742	SH		DFND	1	0	94,742	0
Motorola Solutions Inc	COM NEW	620076307	29,989,952	95,787	SH		DFND	1	0	95,787	0
NVR Inc	COM	62944T105	36,472,345	5,210	SH		DFND	1	0	5,210	0
Netflix Inc	COM	64110L106	101,381,562	208,227	SH		DFND	1	0	208,227	0
NextEra Energy Inc	COM	65339F101	42,833,301	705,191	SH		DFND	1	0	705,191	0
NIKE Inc	CL B	654106103	61,356,816	565,136	SH		DFND	1	0	565,136	0
NVIDIA Corp	COM	67066G104	235,191,368	474,923	SH		DFND	1	0	474,923	0
Omnicom Group Inc	COM	681919106	1,081,375	12,500	SH		DFND	1	0	12,500	0
Oracle Corp	COM	68389X105	108,192,161	1,026,199	SH		DFND	1	0	1,026,199	0
PPG Industries Inc	COM	693506107	2,597,085	17,366	SH		DFND	1	0	17,366	0
PVH Corp	COM	693656100	52,196,775	427,422	SH		DFND	1	0	427,422	0
PTC Inc	COM	69370C100	49,449,470	282,633	SH		DFND	1	0	282,633	0
PACCAR Inc	COM	693718108	2,036,003	20,850	SH		DFND	1	0	20,850	0
Packaging Corp of America	COM	695156109	1,238,116	7,600	SH		DFND	1	0	7,600	0
Polaris Inc	COM	731068102	625,482	6,600	SH		DFND	1	0	6,600	0
Pool Corp	COM	73278L105	52,514,892	131,712	SH		DFND	1	0	131,712	0
T Rowe Price Group Inc	COM	74144T108	1,098,438	10,200	SH		DFND	1	0	10,200	0
Procter & Gamble Co/The	COM	742718109	54,078,242	369,034	SH		DFND	1	0	369,034	0
RB Global Inc	COM	74935Q107	1,591,366	23,700	SH		DFND	1	0	23,700	0
RPM International Inc	COM	749685103	1,551,657	13,900	SH		DFND	1	0	13,900	0
Regal Rexnord Corp	COM	758750103	7,614,593	51,443	SH		DFND	1	0	51,443	0
Regeneron Pharmaceuticals Inc	COM	75886F107	28,309,043	32,232	SH		DFND	1	0	32,232	0
ResMed Inc	COM	761152107	97,949,564	569,408	SH		DFND	1	0	569,408	0
Rio Tinto PLC	SPONSORED ADR	767204100	17,566,678	235,921	SH		DFND	1	0	235,921	0
Robert Half Inc	COM	770323103	1,178,128	13,400	SH		DFND	1	0	13,400	0
Ryder System Inc	COM	783549108	43,893,434	381,483	SH		DFND	1	0	381,483	0
S&P Global Inc	COM	78409V104	51,984,444	118,007	SH		DFND	1	0	118,007	0
SPDR S&P 500 ETF TRUST	TR UNIT	78462F103	7,833,759	16,434	SH		DFND		0	16,434	0
SPDR Portfolio Intermediate Term Corporate Bond ETF	PORTFOLIO INTRMD	78464A375	46,043,276	1,402,903	SH		DFND		0	1,402,903	0
SPDR Portfolio Mortgage Backed Bond ETF	PORT MTG BK ETF	78464A383	32,714,251	1,482,295	SH		DFND		0	1,482,295	0
SPDR S&P 500 ESG ETF	S&P 500 ESG ETF	78468R531	579,616	12,516	SH		DFND		0	12,516	0
Salesforce Inc	COM	79466L302	124,834,142	474,402	SH		DFND	1	0	474,402	0
Charles Schwab Corp/The	COM	808513105	2,655,680	38,600	SH		DFND	1	0	38,600	0
MATERIALS SELECT SECTOR SPDR	SBI MATERIALS	81369Y100	2,301,217	27,576	SH		DFND		0	27,576	0
HEALTH CARE SELECT SECTOR	SBI HEALTHCARE	81369Y209	6,480,361	46,117	SH		DFND		0	46,117	0
CONSUMER STAPLES SPDR	SBI CONS STPLS	81369Y308	3,198,177	43,931	SH		DFND		0	43,931	0
CONSUMER DISCRETIONARY SELT	SBI CONS DISCR	81369Y407	11,074,989	63,664	SH		DFND		0	63,664	0
ENERGY SELECT SECTOR SPDR	ENERGY	81369Y506	4,869,273	58,893	SH		DFND		0	58,893	0
FINANCIAL SELECT SECTOR SPDR	FINANCIAL	81369Y605	10,202,309	271,338	SH		DFND		0	271,338	0
INDUSTRIAL SELECT SECT SPDR	INDL	81369Y704	7,542,200	67,275	SH		DFND		0	67,275	0
TECHNOLOGY SELECT SECT SPDR	TECHNOLOGY	81369Y803	34,215,644	177,984	SH		DFND		0	177,984	0
REAL ESTATE SELECT SECT SPDR	RL EST SEL SEC	81369Y860	1,780,091	45,020	SH		DFND		0	45,020	0
UTILITIES SELECT SECTOR SPDR	SBI INT-UTILS	81369Y886	2,294,020	36,229	SH		DFND		0	36,229	0
Sherwin-Williams Co/The	COM	824348106	94,359,419	302,531	SH		DFND	1	0	302,531	0
Skyworks Solutions Inc	COM	83088M102	1,292,830	11,500	SH		DFND	1	0	11,500	0
J M Smucker Co/The	COM NEW	832696405	1,225,886	9,700	SH		DFND	1	0	9,700	0
Snap-on Inc	COM	833034101	2,137,416	7,400	SH		DFND	1	0	7,400	0
Stryker Corp	COM	863667101	42,691,317	142,561	SH		DFND	1	0	142,561	0
Sysco Corp	COM	871829107	1,294,401	17,700	SH		DFND	1	0	17,700	0
T-Mobile US Inc	COM	872590104	79,265,709	494,391	SH		DFND	1	0	494,391	0
Tesla Inc	COM	88160R101	124,540,661	501,210	SH		DFND	1	0	501,210	0
Texas Instruments Inc	COM	882508104	97,158,620	569,979	SH		DFND	1	0	569,979	0
Thermo Fisher Scientific Inc	COM	883556102	84,424,273	159,054	SH		DFND	1	0	159,054	0
Tidewater Inc	COM	88642R109	32,119,741	445,427	SH		DFND	1	0	445,427	0
Toll Brothers Inc	COM	889478103	1,634,361	15,900	SH		DFND	1	0	15,900	0
TransDigm Group Inc	COM	893641100	68,041,228	67,261	SH		DFND	1	0	67,261	0
TransUnion	COM	89400J107	67,099,025	976,554	SH		DFND	1	0	976,554	0
US Bancorp	COM NEW	902973304	91,982,724	2,125,294	SH		DFND	1	0	2,125,294	0
Ulta Beauty Inc	COM	90384S303	23,901,222	48,779	SH		DFND	1	0	48,779	0
Union Pacific Corp	COM	907818108	83,164,476	338,590	SH		DFND	1	0	338,590	0
UnitedHealth Group Inc	COM	91324P102	114,078,678	216,686	SH		DFND	1	0	216,686	0
VANECK MORNINGSTAR WIDE MOAT	MRNGSTR WDE MOAT	92189F643	11,997,562	143,169	SH		DFND		0	143,169	0
VANGUARD FTSE EUROPE ETF	FTSE EUROPE ETF	922042874	1,944,991	30,572	SH		DFND		0	30,572	0
VANGUARD CONSUMER STAPLE ETF	CONSUM STP ETF	92204A207	2,868,736	14,867	SH		DFND		0	14,867	0
VANGUARD FINANCIALS ETF	FINANCIALS ETF	92204A405	3,270,550	35,732	SH		DFND		0	35,732	0
VANGUARD HEALTH CARE ETF	HEALTH CAR ETF	92204A504	10,021,284	38,963	SH		DFND		0	38,963	0
VANGUARD COMMUNICATION SERVI	COMM SRVC ETF	92204A884	10,233,695	86,077	SH		DFND		0	86,077	0
Vanguard Short-Term Corporate Bond ETF	SHRT TRM CORP BD	92206C409	39,664,097	512,721	SH		DFND		0	512,721	0
Vanguard Mortgage-Backed Securities ETF	MTG-BKD SECS ETF	92206C771	21,666,132	467,648	SH		DFND		0	467,648	0
Vanguard S&P 500 ETF	S&P 500 ETF SHS	922908363	23,804,519	54,391	SH		DFND		0	54,391	0
Verizon Communications Inc	COM	92343V104	28,829,379	764,705	SH		DFND	1	0	764,705	0
Vertex Pharmaceuticals Inc	COM	92532F100	75,606,265	185,815	SH		DFND	1	0	185,815	0
Visa Inc	COM CL A	92826C839	151,348,745	581,328	SH		DFND	1	0	581,328	0
WK Kellogg Co	COM SHS	92942W107	59,130	4,500	SH		DFND	1	0	4,500	0
Walmart Inc	COM	931142103	3,872,042	24,561	SH		DFND	1	0	24,561	0
Waste Connections Inc	COM	94106B101	14,841,916	99,430	SH		DFND	1	0	99,430	0
Watsco Inc	COM	942622200	1,756,727	4,100	SH		DFND	1	0	4,100	0
Wells Fargo & Co	COM	949746101	109,996,068	2,234,784	SH		DFND	1	0	2,234,784	0
Westrock Co	COM	96145D105	35,418,719	853,052	SH		DFND	1	0	853,052	0
Workday Inc	CL A	98138H101	78,216,908	283,333	SH		DFND	1	0	283,333	0
Zoetis Inc	CL A	98978V103	68,244,822	345,771	SH		DFND	1	0	345,771	0
Deutsche Bank AG	NAMEN AKT	D18190898	134,037	9,834	SH		DFND		0	9,834	0
Amdocs Ltd	SHS	G02602103	1,151,359	13,100	SH		DFND	1	0	13,100	0
Aon PLC	SHS CL A	G0403H108	23,814,749	81,832	SH		DFND	1	0	81,832	0
Accenture PLC	SHS CLASS A	G1151C101	4,702,194	13,400	SH		DFND	1	0	13,400	0
CRH PLC	ORD	G25508105	106,578,542	1,542,764	SH		DFND	1	0	1,542,764	0
Eaton Corp PLC	SHS	G29183103	62,257,027	258,521	SH		DFND	1	0	258,521	0
Ferguson PLC	SHS	G3421J106	51,122,812	264,789	SH		DFND	1	0	264,789	0
Weatherford International PLC	ORD SHS	G48833118	28,623,101	292,580	SH		DFND	1	0	292,580	0
Johnson Controls International plc	SHS	G51502105	1,164,328	20,200	SH		DFND	1	0	20,200	0
Linde PLC	SHS	G54950103	60,313,174	146,851	SH		DFND	1	0	146,851	0
Alcon Inc	ORD SHS	H01301128	17,854,017	229,064	SH		DFND	1	0	229,064	0
UBS Group AG	SHS	H42097107	338,217	10,913	SH		DFND		0	10,913	0
UBS Group AG	SHS	H42097107	26,259,919	847,310	SH		DFND	1	0	847,310	0
Logitech International SA	SHS	H50430232	503,478	5,316	SH		DFND	1	0	5,316	0
TE Connectivity Ltd	SHS	H84989104	2,065,350	14,700	SH		DFND	1	0	14,700	0
Spotify Technology SA	SHS	L8681T102	2,554,824	13,596	SH		DFND		0	13,596	0
Ferrari NV	COM	N3167Y103	1,524,534	4,521	SH		DFND		0	4,521	0
Ferrari NV	COM	N3167Y103	16,564,886	49,107	SH		DFND	1	0	49,107	0
LyondellBasell Industries NV	SHS - A -	N53745100	1,740,439	18,305	SH		DFND	1	0	18,305	0
NXP Semiconductors NV	COM	N6596X109	2,365,704	10,300	SH		DFND	1	0	10,300	0
QIAGEN NV	SHS NEW	N72482123	2,119,556	48,673	SH		DFND	1	0	48,673	0
Stellantis NV	SHS	N82405106	2,081,963	89,064	SH		DFND		0	89,064	0
Stellantis NV	SHS	N82405106	33,043,332	1,413,890	SH		DFND	1	0	1,413,890	0