The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 693 | 2,026 | SH | DFND | 1 | 2,026 | 0 | 0 | |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 1,828 | 18,845 | SH | DFND | 1 | 18,845 | 0 | 0 | |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 | 3,056 | 175,324 | SH | DFND | 1 | 175,324 | 0 | 0 | |
| APPLE INC | COM | 037833100 | 4,467 | 17,839 | SH | DFND | 1 | 17,839 | 0 | 0 | |
| AIRBNB INC | COM CL A | 009066101 | 814 | 6,193 | SH | DFND | 1 | 6,193 | 0 | 0 | |
| BARRICK GOLD CORP | COM | 067901108 | 1,361 | 87,820 | SH | DFND | 1 | 87,820 | 0 | 0 | |
| ADOBE INC | COM | 00724F101 | 2,751 | 6,186 | SH | DFND | 1 | 6,186 | 0 | 0 | |
| ANALOG DEVICES INC | COM | 032654105 | 1,978 | 9,308 | SH | DFND | 1 | 9,308 | 0 | 0 | |
| ALPHABET INC | CAP STK CL A | 02079K305 | 385 | 2,032 | SH | DFND | 1 | 2,032 | 0 | 0 | |
| APPLIED MATLS INC | COM | 038222105 | 495 | 3,044 | SH | DFND | 1 | 3,044 | 0 | 0 | |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | 930 | 7,697 | SH | DFND | 1 | 7,697 | 0 | 0 | |
| AMAZON COM INC | COM | 023135106 | 1,881 | 8,575 | SH | DFND | 1 | 8,575 | 0 | 0 | |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | 1,112 | 1,605 | SH | DFND | 1 | 1,605 | 0 | 0 | |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 382 | 4,500 | SH | DFND | 1 | 4,500 | 0 | 0 | |
| BANK AMERICA CORP | COM | 060505104 | 1,075 | 24,463 | SH | DFND | 1 | 24,463 | 0 | 0 | |
| BAIDU INC | SPON ADR REP A | 056752108 | 830 | 9,841 | SH | DFND | 1 | 9,841 | 0 | 0 | |
| BILIBILI INC | SPONS ADS REP Z | 090040106 | 1,560 | 86,157 | SH | DFND | 1 | 86,157 | 0 | 0 | |
| BOEING CO | COM | 097023105 | 1,122 | 6,341 | SH | DFND | 1 | 6,341 | 0 | 0 | |
| CATERPILLAR INC | COM | 149123101 | 259 | 715 | SH | DFND | 1 | 715 | 0 | 0 | |
| CITIGROUP INC | COM NEW | 172967424 | 231 | 3,276 | SH | DFND | 1 | 3,276 | 0 | 0 | |
| CISCO SYS INC | COM | 17275R102 | 243 | 4,110 | SH | DFND | 1 | 4,110 | 0 | 0 | |
| DISNEY WALT CO | COM | 254687106 | 1,088 | 9,769 | SH | DFND | 1 | 9,769 | 0 | 0 | |
| MORGAN STANLEY | COM NEW | 617446448 | 2,099 | 16,696 | SH | DFND | 1 | 16,696 | 0 | 0 | |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | 1,249 | 55,500 | SH | DFND | 1 | 55,500 | 0 | 0 | |
| META PLATFORMS INC | CL A | 30303M102 | 265 | 453 | SH | DFND | 1 | 453 | 0 | 0 | |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | 623 | 16,369 | SH | DFND | 1 | 16,369 | 0 | 0 | |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 | 6,151 | 76,899 | SH | DFND | 1 | 76,899 | 0 | 0 | |
| FORD MTR CO | COM | 345370860 | 1,756 | 177,375 | SH | DFND | 1 | 177,375 | 0 | 0 | |
| FIRST SOLAR INC | COM | 336433107 | 525 | 2,977 | SH | DFND | 1 | 2,977 | 0 | 0 | |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | 236 | 6,335 | SH | DFND | 1 | 6,335 | 0 | 0 | |
| INTEL CORP | COM | 458140100 | 1,671 | 83,330 | SH | DFND | 1 | 83,330 | 0 | 0 | |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | 779 | 157,000 | SH | DFND | 1 | 157,000 | 0 | 0 | |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | 1,668 | 57,060 | SH | DFND | 1 | 57,060 | 0 | 0 | |
| LUCID GROUP INC | COM | 549498103 | 1,920 | 635,626 | SH | DFND | 1 | 635,626 | 0 | 0 | |
| LULULEMON ATHLETICA INC | COM | 550021109 | 2,850 | 7,454 | SH | DFND | 1 | 7,454 | 0 | 0 | |
| MICRON TECHNOLOGY INC | COM | 595112103 | 5,174 | 61,484 | SH | DFND | 1 | 61,484 | 0 | 0 | |
| MARVELL TECHNOLOGY INC | COM | 573874104 | 3,000 | 27,161 | SH | DFND | 1 | 27,161 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 44,681 | 106,005 | SH | DFND | 1 | 106,005 | 0 | 0 | |
| NEWMONT CORP | COM | 651639106 | 2,892 | 77,712 | SH | DFND | 1 | 77,712 | 0 | 0 | |
| NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581206 | 345 | 5,372 | SH | DFND | 1 | 5,372 | 0 | 0 | |
| NETFLIX INC | COM | 64110L106 | 511 | 573 | SH | DFND | 1 | 573 | 0 | 0 | |
| NIKE INC | CL B | 654106103 | 2,023 | 26,732 | SH | DFND | 1 | 26,732 | 0 | 0 | |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | 1,274 | 10,330 | SH | DFND | 1 | 10,330 | 0 | 0 | |
| PALO ALTO NETWORKS INC | COM | 697435105 | 614 | 3,373 | SH | DFND | 1 | 3,373 | 0 | 0 | |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | 3,030 | 235,600 | SH | DFND | 1 | 235,600 | 0 | 0 | |
| PFIZER INC | COM | 717081103 | 4,673 | 176,126 | SH | DFND | 1 | 176,126 | 0 | 0 | |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 436 | 5,762 | SH | DFND | 1 | 5,762 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 1,609 | 10,473 | SH | DFND | 1 | 10,473 | 0 | 0 | |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 | 378 | 28,414 | SH | DFND | 1 | 28,414 | 0 | 0 | |
| STARBUCKS CORP | COM | 855244109 | 693 | 7,599 | SH | DFND | 1 | 7,599 | 0 | 0 | |
| SHOPIFY INC | CL A | 82509L107 | 2,627 | 24,703 | SH | DFND | 1 | 24,703 | 0 | 0 | |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 | 1,701 | 55,822 | SH | DFND | 1 | 55,822 | 0 | 0 | |
| SNOWFLAKE INC | CL A | 833445109 | 556 | 3,600 | SH | DFND | 1 | 3,600 | 0 | 0 | |
| SOFI TECHNOLOGIES INC | COM | 83406F102 | 3,305 | 214,632 | SH | DFND | 1 | 214,632 | 0 | 0 | |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 | 11,108 | 503,972 | SH | DFND | 1 | 503,972 | 0 | 0 | |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | 346 | 1,751 | SH | DFND | 1 | 1,751 | 0 | 0 | |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 | 496 | 2,694 | SH | DFND | 1 | 2,694 | 0 | 0 | |
| TEXAS INSTRS INC | COM | 882508104 | 1,184 | 6,313 | SH | DFND | 1 | 6,313 | 0 | 0 | |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 1,301 | 5,370 | SH | DFND | 1 | 5,370 | 0 | 0 | |
| UBER TECHNOLOGIES INC | COM | 90353T100 | 795 | 13,176 | SH | DFND | 1 | 13,176 | 0 | 0 | |
| VALE S A | SPONSORED ADS | 91912E105 | 4,866 | 548,577 | SH | DFND | 1 | 548,577 | 0 | 0 | |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | 3,873 | 114,223 | SH | DFND | 1 | 114,223 | 0 | 0 | |
| WESTERN DIGITAL CORP | COM | 958102105 | 433 | 7,263 | SH | DFND | 1 | 7,263 | 0 | 0 | |
| WELLS FARGO CO NEW | COM | 949746101 | 1,106 | 15,741 | SH | DFND | 1 | 15,741 | 0 | 0 | |
| WALMART INC | COM | 931142103 | 944 | 10,453 | SH | DFND | 1 | 10,453 | 0 | 0 | |
| UNITED STATES STL CORP NEW | COM | 912909108 | 306 | 9,013 | SH | DFND | 1 | 9,013 | 0 | 0 | |
| EXXON MOBIL CORP | COM | 30231G102 | 1,055 | 9,811 | SH | DFND | 1 | 9,811 | 0 | 0 | |
| TAL EDUCATION GROUP | SPONSORED ADS | 874080104 | 270 | 26,931 | SH | DFND | 1 | 26,931 | 0 | 0 | |
| NVIDIA CORPORATION | COM | 67066G104 | 4,100 | 30,530 | SH | DFND | 1 | 30,530 | 0 | 0 | |
| TESLA INC | COM | 88160R101 | 229 | 568 | SH | DFND | 1 | 568 | 0 | 0 | |
| NIO INC | SPON ADS | 62914V106 | 158 | 36,303 | SH | DFND | 1 | 36,303 | 0 | 0 | |
| BLOCK INC | CL A | 852234103 | 965 | 11,355 | SH | DFND | 1 | 11,355 | 0 | 0 | |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 5,308 | 100,048 | SH | DFND | 1 | 100,048 | 0 | 0 | |
| AMERICAN AIRLS GROUP INC | CALL | 02376R902 | 22,490 | 1,290,300 | SH | Call | DFND | 1 | 1,290,300 | 0 | 0 |
| APPLE INC | CALL | 037833900 | 23,790 | 95,000 | SH | Call | DFND | 1 | 95,000 | 0 | 0 |
| AIRBNB INC | CALL | 009066901 | 15,336 | 116,700 | SH | Call | DFND | 1 | 116,700 | 0 | 0 |
| ADOBE INC | CALL | 00724F901 | 10,850 | 24,400 | SH | Call | DFND | 1 | 24,400 | 0 | 0 |
| ANALOG DEVICES INC | CALL | 032654905 | 5,312 | 25,000 | SH | Call | DFND | 1 | 25,000 | 0 | 0 |
| AMERICAN INTL GROUP INC | CALL | 026874904 | 7,295 | 100,200 | SH | Call | DFND | 1 | 100,200 | 0 | 0 |
| APPLIED MATLS INC | CALL | 038222905 | 813 | 5,000 | SH | Call | DFND | 1 | 5,000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | CALL | 007903907 | 37,143 | 307,500 | SH | Call | DFND | 1 | 307,500 | 0 | 0 |
| AMAZON COM INC | CALL | 023135906 | 79,836 | 363,900 | SH | Call | DFND | 1 | 363,900 | 0 | 0 |
| ARM HOLDINGS PLC | CALL | 042068905 | 27,867 | 225,900 | SH | Call | DFND | 1 | 225,900 | 0 | 0 |
| ASML HOLDING N V | CALL | N07059900 | 1,248 | 1,800 | SH | Call | DFND | 1 | 1,800 | 0 | 0 |
| BROADCOM INC | CALL | 11135F901 | 46,484 | 200,500 | SH | Call | DFND | 1 | 200,500 | 0 | 0 |
| AMERICAN EXPRESS CO | CALL | 025816909 | 44,786 | 150,900 | SH | Call | DFND | 1 | 150,900 | 0 | 0 |
| BOEING CO | CALL | 097023905 | 43,294 | 244,600 | SH | Call | DFND | 1 | 244,600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | CALL | 01609W902 | 19,951 | 235,300 | SH | Call | DFND | 1 | 235,300 | 0 | 0 |
| BANK AMERICA CORP | CALL | 060505904 | 40,030 | 910,800 | SH | Call | DFND | 1 | 910,800 | 0 | 0 |
| BANCO BRADESCO S A | CALL | 059460903 | 96 | 50,000 | SH | Call | DFND | 1 | 50,000 | 0 | 0 |
| KE HLDGS INC | CALL | 482497904 | 8,088 | 439,100 | SH | Call | DFND | 1 | 439,100 | 0 | 0 |
| BAIDU INC | CALL | 056752908 | 2,529 | 30,000 | SH | Call | DFND | 1 | 30,000 | 0 | 0 |
| BILIBILI INC | CALL | 090040906 | 15,991 | 883,000 | SH | Call | DFND | 1 | 883,000 | 0 | 0 |
| BP PLC | CALL | 055622904 | 219 | 7,400 | SH | Call | DFND | 1 | 7,400 | 0 | 0 |
| CITIGROUP INC | CALL | 172967904 | 27,100 | 385,000 | SH | Call | DFND | 1 | 385,000 | 0 | 0 |
| CATERPILLAR INC | CALL | 149123901 | 25,030 | 69,000 | SH | Call | DFND | 1 | 69,000 | 0 | 0 |
| CARNIVAL CORP | CALL | 143658900 | 39,501 | 1,585,100 | SH | Call | DFND | 1 | 1,585,100 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | CALL | 185899901 | 1,002 | 106,600 | SH | Call | DFND | 1 | 106,600 | 0 | 0 |
| SALESFORCE INC | CALL | 79466L902 | 2,407 | 7,200 | SH | Call | DFND | 1 | 7,200 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CALL | 22788C905 | 8,588 | 25,100 | SH | Call | DFND | 1 | 25,100 | 0 | 0 |
| CISCO SYS INC | CALL | 17275R902 | 9,579 | 161,800 | SH | Call | DFND | 1 | 161,800 | 0 | 0 |
| CHEVRON CORP NEW | CALL | 166764900 | 17,193 | 118,700 | SH | Call | DFND | 1 | 118,700 | 0 | 0 |
| DELTA AIR LINES INC DEL | CALL | 247361902 | 32,882 | 543,500 | SH | Call | DFND | 1 | 543,500 | 0 | 0 |
| DISNEY WALT CO | CALL | 254687906 | 5,144 | 46,200 | SH | Call | DFND | 1 | 46,200 | 0 | 0 |
| NEW ORIENTAL ED & TECHNOLOGY | CALL | 647581906 | 1,624 | 25,300 | SH | Call | DFND | 1 | 25,300 | 0 | 0 |
| ISHARES INC | CALL | 464286903 | 7,428 | 330,000 | SH | Call | DFND | 1 | 330,000 | 0 | 0 |
| FORD MTR CO | CALL | 345370900 | 20,999 | 2,121,100 | SH | Call | DFND | 1 | 2,121,100 | 0 | 0 |
| FREEPORT-MCMORAN INC | CALL | 35671D907 | 12,193 | 320,200 | SH | Call | DFND | 1 | 320,200 | 0 | 0 |
| FIRST SOLAR INC | CALL | 336433907 | 5,287 | 30,000 | SH | Call | DFND | 1 | 30,000 | 0 | 0 |
| FUTU HLDGS LTD | CALL | 36118L906 | 19,350 | 241,900 | SH | Call | DFND | 1 | 241,900 | 0 | 0 |
| ISHARES TR | CALL | 464287901 | 41,672 | 1,369,000 | SH | Call | DFND | 1 | 1,369,000 | 0 | 0 |
| VANECK ETF TRUST | CALL | 92189F906 | 46,840 | 1,381,300 | SH | Call | DFND | 1 | 1,381,300 | 0 | 0 |
| GENERAL MTRS CO | CALL | 37045V900 | 1,199 | 22,500 | SH | Call | DFND | 1 | 22,500 | 0 | 0 |
| BARRICK GOLD CORP | CALL | 067901908 | 7,309 | 327,900 | SH | Call | DFND | 1 | 327,900 | 0 | 0 |
| ALPHABET INC | CALL | 02079K907 | 34,964 | 184,700 | SH | Call | DFND | 1 | 184,700 | 0 | 0 |
| HOME DEPOT INC | CALL | 437076902 | 13,187 | 33,900 | SH | Call | DFND | 1 | 33,900 | 0 | 0 |
| ROBINHOOD MKTS INC | CALL | 770700902 | 633 | 17,000 | SH | Call | DFND | 1 | 17,000 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | CALL | 459200901 | 1,869 | 8,500 | SH | Call | DFND | 1 | 8,500 | 0 | 0 |
| INTEL CORP | CALL | 458140900 | 55,336 | 2,759,900 | SH | Call | DFND | 1 | 2,759,900 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | CALL | 465562906 | 1,813 | 365,000 | SH | Call | DFND | 1 | 365,000 | 0 | 0 |
| JD.COM INC | CALL | 47215P906 | 49,779 | 1,435,800 | SH | Call | DFND | 1 | 1,435,800 | 0 | 0 |
| JPMORGAN CHASE & CO. | CALL | 46625H900 | 39,792 | 166,000 | SH | Call | DFND | 1 | 166,000 | 0 | 0 |
| KRANESHARES TRUST | CALL | 500767906 | 14,629 | 500,300 | SH | Call | DFND | 1 | 500,300 | 0 | 0 |
| LUCID GROUP INC | CALL | 549498903 | 725 | 240,000 | SH | Call | DFND | 1 | 240,000 | 0 | 0 |
| LI AUTO INC | CALL | 50202M902 | 1,958 | 81,600 | SH | Call | DFND | 1 | 81,600 | 0 | 0 |
| LAM RESEARCH CORP | CALL | 512807908 | 722 | 10,000 | SH | Call | DFND | 1 | 10,000 | 0 | 0 |
| LULULEMON ATHLETICA INC | CALL | 550021909 | 9,446 | 24,700 | SH | Call | DFND | 1 | 24,700 | 0 | 0 |
| MASTERCARD INCORPORATED | CALL | 57636Q904 | 3,054 | 5,800 | SH | Call | DFND | 1 | 5,800 | 0 | 0 |
| MOBILEYE GLOBAL INC | CALL | 60741F904 | 847 | 42,500 | SH | Call | DFND | 1 | 42,500 | 0 | 0 |
| MCDONALDS CORP | CALL | 580135901 | 957 | 3,300 | SH | Call | DFND | 1 | 3,300 | 0 | 0 |
| META PLATFORMS INC | CALL | 30303M902 | 12,237 | 20,900 | SH | Call | DFND | 1 | 20,900 | 0 | 0 |
| MARVELL TECHNOLOGY INC | CALL | 573874904 | 8,604 | 77,900 | SH | Call | DFND | 1 | 77,900 | 0 | 0 |
| MORGAN STANLEY | CALL | 617446908 | 955 | 7,600 | SH | Call | DFND | 1 | 7,600 | 0 | 0 |
| MICROSOFT CORP | CALL | 594918904 | 370,625 | 879,300 | SH | Call | DFND | 1 | 879,300 | 0 | 0 |
| MICRON TECHNOLOGY INC | CALL | 595112903 | 41,962 | 498,600 | SH | Call | DFND | 1 | 498,600 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | CALL | G66721904 | 7,783 | 302,500 | SH | Call | DFND | 1 | 302,500 | 0 | 0 |
| NEWMONT CORP | CALL | 651639906 | 8,226 | 221,000 | SH | Call | DFND | 1 | 221,000 | 0 | 0 |
| CLOUDFLARE INC | CALL | 18915M907 | 3,629 | 33,700 | SH | Call | DFND | 1 | 33,700 | 0 | 0 |
| NETFLIX INC | CALL | 64110L906 | 25,670 | 28,800 | SH | Call | DFND | 1 | 28,800 | 0 | 0 |
| NIO INC | CALL | 62914V906 | 24,264 | 5,565,200 | SH | Call | DFND | 1 | 5,565,200 | 0 | 0 |
| NIKE INC | CALL | 654106903 | 9,875 | 130,500 | SH | Call | DFND | 1 | 130,500 | 0 | 0 |
| NVIDIA CORPORATION | CALL | 67066G904 | 85,878 | 639,500 | SH | Call | DFND | 1 | 639,500 | 0 | 0 |
| ON SEMICONDUCTOR CORP | CALL | 682189905 | 1,576 | 25,000 | SH | Call | DFND | 1 | 25,000 | 0 | 0 |
| PALO ALTO NETWORKS INC | CALL | 697435905 | 5,295 | 29,100 | SH | Call | DFND | 1 | 29,100 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | CALL | 71654V901 | 11,232 | 881,400 | SH | Call | DFND | 1 | 881,400 | 0 | 0 |
| PDD HOLDINGS INC | CALL | 722304902 | 34,431 | 355,000 | SH | Call | DFND | 1 | 355,000 | 0 | 0 |
| PFIZER INC | CALL | 717081903 | 15,743 | 593,400 | SH | Call | DFND | 1 | 593,400 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CALL | 69608A908 | 15,136 | 200,100 | SH | Call | DFND | 1 | 200,100 | 0 | 0 |
| PAYPAL HLDGS INC | CALL | 70450Y903 | 50,945 | 596,900 | SH | Call | DFND | 1 | 596,900 | 0 | 0 |
| QUALCOMM INC | CALL | 747525903 | 13,872 | 90,300 | SH | Call | DFND | 1 | 90,300 | 0 | 0 |
| STARBUCKS CORP | CALL | 855244909 | 1,761 | 19,300 | SH | Call | DFND | 1 | 19,300 | 0 | 0 |
| SEA LTD | CALL | 81141R900 | 3,045 | 28,700 | SH | Call | DFND | 1 | 28,700 | 0 | 0 |
| SHOPIFY INC | CALL | 82509L907 | 11,888 | 111,800 | SH | Call | DFND | 1 | 111,800 | 0 | 0 |
| SUPER MICRO COMPUTER INC | CALL | 86800U904 | 8,885 | 291,500 | SH | Call | DFND | 1 | 291,500 | 0 | 0 |
| SNAP INC | CALL | 83304A906 | 617 | 57,300 | SH | Call | DFND | 1 | 57,300 | 0 | 0 |
| SNOWFLAKE INC | CALL | 833445909 | 16,367 | 106,000 | SH | Call | DFND | 1 | 106,000 | 0 | 0 |
| SOFI TECHNOLOGIES INC | CALL | 83406F902 | 24,124 | 1,566,500 | SH | Call | DFND | 1 | 1,566,500 | 0 | 0 |
| BLOCK INC | CALL | 852234903 | 38,169 | 449,100 | SH | Call | DFND | 1 | 449,100 | 0 | 0 |
| TAL EDUCATION GROUP | CALL | 874080904 | 150 | 15,000 | SH | Call | DFND | 1 | 15,000 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | CALL | 881624909 | 16,517 | 749,400 | SH | Call | DFND | 1 | 749,400 | 0 | 0 |
| TARGET CORP | CALL | 87612E906 | 18,141 | 134,200 | SH | Call | DFND | 1 | 134,200 | 0 | 0 |
| TESLA INC | CALL | 88160R901 | 200,668 | 496,900 | SH | Call | DFND | 1 | 496,900 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | CALL | 874039900 | 15,819 | 80,100 | SH | Call | DFND | 1 | 80,100 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | CALL | 874054909 | 2,908 | 15,800 | SH | Call | DFND | 1 | 15,800 | 0 | 0 |
| TEXAS INSTRS INC | CALL | 882508904 | 14,926 | 79,600 | SH | Call | DFND | 1 | 79,600 | 0 | 0 |
| UNITED AIRLS HLDGS INC | CALL | 910047909 | 32,742 | 337,200 | SH | Call | DFND | 1 | 337,200 | 0 | 0 |
| UBER TECHNOLOGIES INC | CALL | 90353T900 | 5,025 | 83,300 | SH | Call | DFND | 1 | 83,300 | 0 | 0 |
| VISA INC | CALL | 92826C909 | 316 | 1,000 | SH | Call | DFND | 1 | 1,000 | 0 | 0 |
| VALE S A | CALL | 91912E905 | 37,895 | 4,272,300 | SH | Call | DFND | 1 | 4,272,300 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | CALL | 92343V904 | 5,687 | 142,200 | SH | Call | DFND | 1 | 142,200 | 0 | 0 |
| WESTERN DIGITAL CORP | CALL | 958102905 | 3,131 | 52,500 | SH | Call | DFND | 1 | 52,500 | 0 | 0 |
| WELLS FARGO CO NEW | CALL | 949746901 | 16,211 | 230,800 | SH | Call | DFND | 1 | 230,800 | 0 | 0 |
| WALMART INC | CALL | 931142903 | 6,749 | 74,700 | SH | Call | DFND | 1 | 74,700 | 0 | 0 |
| WOLFSPEED INC | CALL | 977852902 | 666 | 100,000 | SH | Call | DFND | 1 | 100,000 | 0 | 0 |
| UNITED STATES STL CORP NEW | CALL | 912909908 | 1,315 | 38,700 | SH | Call | DFND | 1 | 38,700 | 0 | 0 |
| EXXON MOBIL CORP | CALL | 30231G902 | 11,747 | 109,200 | SH | Call | DFND | 1 | 109,200 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | PUT | 02376R952 | 56,993 | 3,269,800 | SH | Put | DFND | 1 | 3,269,800 | 0 | 0 |
| APPLE INC | PUT | 037833950 | 170,912 | 682,500 | SH | Put | DFND | 1 | 682,500 | 0 | 0 |
| AIRBNB INC | PUT | 009066951 | 24,219 | 184,300 | SH | Put | DFND | 1 | 184,300 | 0 | 0 |
| ADOBE INC | PUT | 00724F951 | 25,925 | 58,300 | SH | Put | DFND | 1 | 58,300 | 0 | 0 |
| ANALOG DEVICES INC | PUT | 032654955 | 6,395 | 30,100 | SH | Put | DFND | 1 | 30,100 | 0 | 0 |
| AMERICAN INTL GROUP INC | PUT | 026874954 | 7,804 | 107,200 | SH | Put | DFND | 1 | 107,200 | 0 | 0 |
| APPLIED MATLS INC | PUT | 038222955 | 5,123 | 31,500 | SH | Put | DFND | 1 | 31,500 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | PUT | 007903957 | 150,975 | 1,249,900 | SH | Put | DFND | 1 | 1,249,900 | 0 | 0 |
| AMAZON COM INC | PUT | 023135956 | 172,945 | 788,300 | SH | Put | DFND | 1 | 788,300 | 0 | 0 |
| ARM HOLDINGS PLC | PUT | 042068955 | 38,550 | 312,500 | SH | Put | DFND | 1 | 312,500 | 0 | 0 |
| ASML HOLDING N V | PUT | N07059950 | 12,475 | 18,000 | SH | Put | DFND | 1 | 18,000 | 0 | 0 |
| BROADCOM INC | PUT | 11135F951 | 207,381 | 894,500 | SH | Put | DFND | 1 | 894,500 | 0 | 0 |
| AMERICAN EXPRESS CO | PUT | 025816959 | 38,909 | 131,100 | SH | Put | DFND | 1 | 131,100 | 0 | 0 |
| BOEING CO | PUT | 097023955 | 67,419 | 380,900 | SH | Put | DFND | 1 | 380,900 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | PUT | 01609W952 | 4,918 | 58,000 | SH | Put | DFND | 1 | 58,000 | 0 | 0 |
| BANK AMERICA CORP | PUT | 060505954 | 55,324 | 1,258,800 | SH | Put | DFND | 1 | 1,258,800 | 0 | 0 |
| KE HLDGS INC | PUT | 482497954 | 6,265 | 340,100 | SH | Put | DFND | 1 | 340,100 | 0 | 0 |
| BAIDU INC | PUT | 056752958 | 4,216 | 50,000 | SH | Put | DFND | 1 | 50,000 | 0 | 0 |
| BILIBILI INC | PUT | 090040956 | 3,457 | 190,900 | SH | Put | DFND | 1 | 190,900 | 0 | 0 |
| CITIGROUP INC | PUT | 172967954 | 42,051 | 597,400 | SH | Put | DFND | 1 | 597,400 | 0 | 0 |
| CATERPILLAR INC | PUT | 149123951 | 17,594 | 48,500 | SH | Put | DFND | 1 | 48,500 | 0 | 0 |
| CARNIVAL CORP | PUT | 143658950 | 68,550 | 2,750,800 | SH | Put | DFND | 1 | 2,750,800 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | PUT | 185899951 | 235 | 25,000 | SH | Put | DFND | 1 | 25,000 | 0 | 0 |
| SALESFORCE INC | PUT | 79466L952 | 3,444 | 10,300 | SH | Put | DFND | 1 | 10,300 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | PUT | 22788C955 | 25,080 | 73,300 | SH | Put | DFND | 1 | 73,300 | 0 | 0 |
| CISCO SYS INC | PUT | 17275R952 | 5,867 | 99,100 | SH | Put | DFND | 1 | 99,100 | 0 | 0 |
| CARVANA CO | PUT | 146869952 | 13,218 | 65,000 | SH | Put | DFND | 1 | 65,000 | 0 | 0 |
| CHEVRON CORP NEW | PUT | 166764950 | 9,994 | 69,000 | SH | Put | DFND | 1 | 69,000 | 0 | 0 |
| DELTA AIR LINES INC DEL | PUT | 247361952 | 22,554 | 372,800 | SH | Put | DFND | 1 | 372,800 | 0 | 0 |
| DISNEY WALT CO | PUT | 254687956 | 13,696 | 123,000 | SH | Put | DFND | 1 | 123,000 | 0 | 0 |
| NEW ORIENTAL ED & TECHNOLOGY | PUT | 647581956 | 244 | 3,800 | SH | Put | DFND | 1 | 3,800 | 0 | 0 |
| ISHARES INC | PUT | 464286953 | 4,205 | 186,800 | SH | Put | DFND | 1 | 186,800 | 0 | 0 |
| FORD MTR CO | PUT | 345370950 | 35,103 | 3,545,800 | SH | Put | DFND | 1 | 3,545,800 | 0 | 0 |
| FREEPORT-MCMORAN INC | PUT | 35671D957 | 27,368 | 718,700 | SH | Put | DFND | 1 | 718,700 | 0 | 0 |
| FIRST SOLAR INC | PUT | 336433957 | 6,168 | 35,000 | SH | Put | DFND | 1 | 35,000 | 0 | 0 |
| FUTU HLDGS LTD | PUT | 36118L956 | 19,854 | 248,200 | SH | Put | DFND | 1 | 248,200 | 0 | 0 |
| ISHARES TR | PUT | 464287951 | 22,535 | 740,300 | SH | Put | DFND | 1 | 740,300 | 0 | 0 |
| VANECK ETF TRUST | PUT | 92189F956 | 45,097 | 1,329,900 | SH | Put | DFND | 1 | 1,329,900 | 0 | 0 |
| GENERAL MTRS CO | PUT | 37045V950 | 24,914 | 467,700 | SH | Put | DFND | 1 | 467,700 | 0 | 0 |
| BARRICK GOLD CORP | PUT | 067901958 | 11,285 | 506,300 | SH | Put | DFND | 1 | 506,300 | 0 | 0 |
| ALPHABET INC | PUT | 02079K957 | 89,198 | 471,200 | SH | Put | DFND | 1 | 471,200 | 0 | 0 |
| HOME DEPOT INC | PUT | 437076952 | 1,750 | 4,500 | SH | Put | DFND | 1 | 4,500 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | PUT | 459200951 | 330 | 1,500 | SH | Put | DFND | 1 | 1,500 | 0 | 0 |
| INTEL CORP | PUT | 458140950 | 40,589 | 2,024,400 | SH | Put | DFND | 1 | 2,024,400 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | PUT | 465562956 | 1,055 | 212,300 | SH | Put | DFND | 1 | 212,300 | 0 | 0 |
| JD.COM INC | PUT | 47215P956 | 18,288 | 527,500 | SH | Put | DFND | 1 | 527,500 | 0 | 0 |
| JPMORGAN CHASE & CO. | PUT | 46625H950 | 42,453 | 177,100 | SH | Put | DFND | 1 | 177,100 | 0 | 0 |
| KRANESHARES TRUST | PUT | 500767956 | 2,485 | 85,000 | SH | Put | DFND | 1 | 85,000 | 0 | 0 |
| LUCID GROUP INC | PUT | 549498953 | 2,771 | 917,500 | SH | Put | DFND | 1 | 917,500 | 0 | 0 |
| LI AUTO INC | PUT | 50202M952 | 2,929 | 122,100 | SH | Put | DFND | 1 | 122,100 | 0 | 0 |
| LAM RESEARCH CORP | PUT | 512807958 | 5,417 | 75,000 | SH | Put | DFND | 1 | 75,000 | 0 | 0 |
| LULULEMON ATHLETICA INC | PUT | 550021959 | 49,905 | 130,500 | SH | Put | DFND | 1 | 130,500 | 0 | 0 |
| MASTERCARD INCORPORATED | PUT | 57636Q954 | 843 | 1,600 | SH | Put | DFND | 1 | 1,600 | 0 | 0 |
| MOBILEYE GLOBAL INC | PUT | 60741F954 | 498 | 25,000 | SH | Put | DFND | 1 | 25,000 | 0 | 0 |
| MCDONALDS CORP | PUT | 580135951 | 2,580 | 8,900 | SH | Put | DFND | 1 | 8,900 | 0 | 0 |
| META PLATFORMS INC | PUT | 30303M952 | 98,249 | 167,800 | SH | Put | DFND | 1 | 167,800 | 0 | 0 |
| MARVELL TECHNOLOGY INC | PUT | 573874954 | 27,093 | 245,300 | SH | Put | DFND | 1 | 245,300 | 0 | 0 |
| MORGAN STANLEY | PUT | 617446958 | 9,680 | 77,000 | SH | Put | DFND | 1 | 77,000 | 0 | 0 |
| MICROSOFT CORP | PUT | 594918954 | 609,110 | 1,445,100 | SH | Put | DFND | 1 | 1,445,100 | 0 | 0 |
| MICRON TECHNOLOGY INC | PUT | 595112953 | 76,796 | 912,500 | SH | Put | DFND | 1 | 912,500 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | PUT | G66721954 | 26,311 | 1,022,600 | SH | Put | DFND | 1 | 1,022,600 | 0 | 0 |
| NEWMONT CORP | PUT | 651639956 | 6,625 | 178,000 | SH | Put | DFND | 1 | 178,000 | 0 | 0 |
| CLOUDFLARE INC | PUT | 18915M957 | 3,413 | 31,700 | SH | Put | DFND | 1 | 31,700 | 0 | 0 |
| NETFLIX INC | PUT | 64110L956 | 31,909 | 35,800 | SH | Put | DFND | 1 | 35,800 | 0 | 0 |
| NIO INC | PUT | 62914V956 | 23,922 | 5,486,800 | SH | Put | DFND | 1 | 5,486,800 | 0 | 0 |
| NIKE INC | PUT | 654106953 | 23,533 | 311,000 | SH | Put | DFND | 1 | 311,000 | 0 | 0 |
| NVIDIA CORPORATION | PUT | 67066G954 | 546,587 | 4,070,200 | SH | Put | DFND | 1 | 4,070,200 | 0 | 0 |
| ON SEMICONDUCTOR CORP | PUT | 682189955 | 725 | 11,500 | SH | Put | DFND | 1 | 11,500 | 0 | 0 |
| ORACLE CORP | PUT | 68389X955 | 5,116 | 30,700 | SH | Put | DFND | 1 | 30,700 | 0 | 0 |
| PALO ALTO NETWORKS INC | PUT | 697435955 | 8,661 | 47,600 | SH | Put | DFND | 1 | 47,600 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | PUT | 71654V951 | 21,943 | 1,722,000 | SH | Put | DFND | 1 | 1,722,000 | 0 | 0 |
| PDD HOLDINGS INC | PUT | 722304952 | 45,052 | 464,500 | SH | Put | DFND | 1 | 464,500 | 0 | 0 |
| PFIZER INC | PUT | 717081953 | 19,330 | 728,600 | SH | Put | DFND | 1 | 728,600 | 0 | 0 |
| PINTEREST INC | PUT | 72352L956 | 789 | 27,200 | SH | Put | DFND | 1 | 27,200 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | PUT | 69608A958 | 25,044 | 331,100 | SH | Put | DFND | 1 | 331,100 | 0 | 0 |
| PAYPAL HLDGS INC | PUT | 70450Y953 | 21,841 | 255,900 | SH | Put | DFND | 1 | 255,900 | 0 | 0 |
| QUALCOMM INC | PUT | 747525953 | 25,870 | 168,400 | SH | Put | DFND | 1 | 168,400 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | PUT | 76954A953 | 1,530 | 115,000 | SH | Put | DFND | 1 | 115,000 | 0 | 0 |
| STARBUCKS CORP | PUT | 855244959 | 3,285 | 36,000 | SH | Put | DFND | 1 | 36,000 | 0 | 0 |
| SEA LTD | PUT | 81141R950 | 2,111 | 19,900 | SH | Put | DFND | 1 | 19,900 | 0 | 0 |
| SHOPIFY INC | PUT | 82509L957 | 12,855 | 120,900 | SH | Put | DFND | 1 | 120,900 | 0 | 0 |
| SUPER MICRO COMPUTER INC | PUT | 86800U954 | 13,484 | 442,400 | SH | Put | DFND | 1 | 442,400 | 0 | 0 |
| SNAP INC | PUT | 83304A956 | 1,885 | 175,000 | SH | Put | DFND | 1 | 175,000 | 0 | 0 |
| SNOWFLAKE INC | PUT | 833445959 | 6,748 | 43,700 | SH | Put | DFND | 1 | 43,700 | 0 | 0 |
| SOFI TECHNOLOGIES INC | PUT | 83406F952 | 26,865 | 1,744,500 | SH | Put | DFND | 1 | 1,744,500 | 0 | 0 |
| BLOCK INC | PUT | 852234953 | 41,722 | 490,900 | SH | Put | DFND | 1 | 490,900 | 0 | 0 |
| TAL EDUCATION GROUP | PUT | 874080954 | 276 | 27,500 | SH | Put | DFND | 1 | 27,500 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | PUT | 881624959 | 20,352 | 923,400 | SH | Put | DFND | 1 | 923,400 | 0 | 0 |
| TARGET CORP | PUT | 87612E956 | 30,510 | 225,700 | SH | Put | DFND | 1 | 225,700 | 0 | 0 |
| TESLA INC | PUT | 88160R951 | 132,823 | 328,900 | SH | Put | DFND | 1 | 328,900 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | PUT | 874039950 | 175,904 | 890,700 | SH | Put | DFND | 1 | 890,700 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | PUT | 874054959 | 1,344 | 7,300 | SH | Put | DFND | 1 | 7,300 | 0 | 0 |
| TEXAS INSTRS INC | PUT | 882508954 | 35,233 | 187,900 | SH | Put | DFND | 1 | 187,900 | 0 | 0 |
| UNITED AIRLS HLDGS INC | PUT | 910047959 | 36,364 | 374,500 | SH | Put | DFND | 1 | 374,500 | 0 | 0 |
| UBER TECHNOLOGIES INC | PUT | 90353T950 | 33,833 | 560,900 | SH | Put | DFND | 1 | 560,900 | 0 | 0 |
| VISA INC | PUT | 92826C959 | 13,874 | 43,900 | SH | Put | DFND | 1 | 43,900 | 0 | 0 |
| VALE S A | PUT | 91912E955 | 27,831 | 3,137,700 | SH | Put | DFND | 1 | 3,137,700 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | PUT | 92343V954 | 3,407 | 85,200 | SH | Put | DFND | 1 | 85,200 | 0 | 0 |
| WESTERN DIGITAL CORP | PUT | 958102955 | 5,414 | 90,800 | SH | Put | DFND | 1 | 90,800 | 0 | 0 |
| WELLS FARGO CO NEW | PUT | 949746951 | 66,658 | 949,000 | SH | Put | DFND | 1 | 949,000 | 0 | 0 |
| WALMART INC | PUT | 931142953 | 3,009 | 33,300 | SH | Put | DFND | 1 | 33,300 | 0 | 0 |
| WOLFSPEED INC | PUT | 977852952 | 403 | 60,500 | SH | Put | DFND | 1 | 60,500 | 0 | 0 |
| UNITED STATES STL CORP NEW | PUT | 912909958 | 432 | 12,700 | SH | Put | DFND | 1 | 12,700 | 0 | 0 |
| EXXON MOBIL CORP | PUT | 30231G952 | 20,826 | 193,600 | SH | Put | DFND | 1 | 193,600 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | CALL | 46438F901 | 17,247 | 325,100 | SH | Call | DFND | 1 | 325,100 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | PUT | 46438F951 | 16,902 | 318,600 | SH | Put | DFND | 1 | 318,600 | 0 | 0 |
| SCHWAB CHARLES CORP | CALL | 808513905 | 4,936 | 66,700 | SH | Call | DFND | 1 | 66,700 | 0 | 0 |
