BI Asset Management Fondsmaeglerselskab A/S 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
BOSTON SCIENTIFIC CORP COM	COM	101137107	519	11,716	SH		DFND		11,716	0	0
ANSYS INC COM	COM	03662Q105	318	1,001	SH		DFND		1,001	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	1,229	24,767	SH		DFND		24,767	0	0
AIRBNB INC COM CL A	COM	009066101	284	1,655	SH		DFND		1,655	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	13,254	174,790	SH		DFND		174,790	0	0
CGI INC CL A SUB VTG	SUB VTG	12532H104	392	4,921	SH		DFND		4,921	0	0
CSX CORP COM	COM	126408103	2,022	53,998	SH		DFND		53,998	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	1,559	9,477	SH		DFND		9,477	0	0
BLACK KNIGHT INC COM	COM	09215C105	60	1,030	SH		DFND		1,030	0	0
BLACKROCK INC COM	COM	09247X101	1,602	2,097	SH		DFND		2,097	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	330	1,330	SH		DFND		1,330	0	0
SNAP ON INC COM	COM	833034101	1,339	6,516	SH		DFND		6,516	0	0
TERADYNE INC COM	COM	880770102	358	3,025	SH		DFND		3,025	0	0
ABBOTT LABS COM	COM	002824100	28,072	237,178	SH		DFND		222,603	0	14,575
ZOOM VIDEO COMMUNICATIONS IN CL A	CL A	98980L101	601	5,128	SH		DFND		5,128	0	0
VULCAN MATLS CO COM	COM	929160109	242	1,319	SH		DFND		1,319	0	0
THOMSON REUTERS CORP. COM NEW	COM NEW	884903709	115	1,054	SH		DFND		1,054	0	0
WALGREENS BOOTS ALLIANCE INC COM	COM	931427108	1,469	32,809	SH		DFND		32,809	0	0
WELLTOWER INC COM	COM	95040Q104	1,190	12,380	SH		DFND		12,380	0	0
TORONTO DOMINION BK ONT COM NEW	COM NEW	891160509	22,823	287,223	SH		DFND		287,223	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM NEW	962166104	7,807	206,000	SH		DFND		206,000	0	0
SUN CMNTYS INC COM	COM	866674104	439	2,507	SH		DFND		2,507	0	0
CANADIAN NATL RY CO COM	COM	136375102	547	4,074	SH		DFND		4,074	0	0
T-MOBILE US INC COM	COM	872590104	1,472	11,470	SH		DFND		11,470	0	0
US BANCORP DEL COM NEW	COM NEW	902973304	1,107	20,822	SH		DFND		20,822	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CL A	989207105	1,062	2,568	SH		DFND		2,568	0	0
LAM RESEARCH CORP COM	COM	512807108	6,507	12,104	SH		DFND		12,104	0	0
MARSH & MCLENNAN COS INC COM	COM	571748102	16,691	97,941	SH		DFND		97,941	0	0
MARVELL TECHNOLOGY INC COM	COM	573874104	704	9,815	SH		DFND		9,815	0	0
NETFLIX INC COM	COM	64110L106	5,273	14,076	SH		DFND		14,076	0	0
NETEASE INC SPONSORED ADS	ADS	64110W102	1,851	20,636	SH		DFND		20,636	0	0
OWENS CORNING NEW COM	NEW COM	690742101	5,886	64,333	SH		DFND		64,333	0	0
MATCH GROUP INC NEW COM	COM	57667L107	131	1,202	SH		DFND		1,202	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	159	2,164	SH		DFND		2,164	0	0
DOW INC COM	COM	260557103	565	8,874	SH		DFND		8,874	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	4,185	58,285	SH		DFND		58,285	0	0
PPG INDS INC COM	COM	693506107	1,207	9,211	SH		DFND		9,211	0	0
INSULET CORP COM	COM	45784P101	583	2,189	SH		DFND		2,189	0	0
JPMORGAN CHASE & CO COM	COM	46625H100	16,348	119,921	SH		DFND		119,921	0	0
MERIT MED SYS INC COM	COM	589889104	540	8,114	SH		DFND		8,114	0	0
PACKAGING CORP AMER COM	COM	695156109	115	736	SH		DFND		736	0	0
SKYLINE CHAMPION CORPORATION COM	COM	830830105	200	3,646	SH		DFND		3,646	0	0
ABM INDS INC COM	COM	000957100	22,504	488,799	SH		DFND		438,224	0	50,575
PALO ALTO NETWORKS INC COM	COM	697435105	920	1,478	SH		DFND		1,478	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	341	1,657	SH		DFND		1,657	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	920	25,946	SH		DFND		25,946	0	0
INTUITIVE SURGICAL INC COM NEW	COM NEW	46120E602	2,192	7,266	SH		DFND		7,266	0	0
NVIDIA CORPORATION COM	COM	67066G104	50,955	186,743	SH		DFND		186,743	0	0
PAYCHEX INC COM	COM	704326107	1,214	8,894	SH		DFND		8,894	0	0
SALESFORCE COM INC COM	COM	79466L302	6,519	30,703	SH		DFND		30,703	0	0
EBAY INC. COM	COM	278642103	4,609	80,500	SH		DFND		80,500	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	1,540	9,747	SH		DFND		9,747	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	872	2,387	SH		DFND		2,387	0	0
OREILLY AUTOMOTIVE INC COM	NEW COM	67103H107	1,495	2,183	SH		DFND		2,183	0	0
PHILLIPS 66 COM	COM	718546104	273	3,159	SH		DFND		3,159	0	0
PRUDENTIAL FINL INC COM	COM	744320102	2,550	21,578	SH		DFND		21,578	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	20,812	176,796	SH		DFND		176,796	0	0
ICICI BANK LIMITED ADR	ADR	45104G104	8,778	463,443	SH		DFND		463,443	0	0
MP MATERIALS CORP COM CL A	CL A	553368101	203	3,543	SH		DFND		3,543	0	0
QUALCOMM INC COM	COM	747525103	17,173	112,371	SH		DFND		112,371	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	339	5,415	SH		DFND		5,415	0	0
COSTCO WHSL CORP NEW COM	NEW COM	22160K105	11,313	19,646	SH		DFND		19,646	0	0
AMGEN INC COM	COM	031162100	15,152	62,658	SH		DFND		62,658	0	0
BK OF AMERICA CORP COM	COM	060505104	21,863	530,388	SH		DFND		530,388	0	0
CINTAS CORP COM	COM	172908105	337	792	SH		DFND		792	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	1,009	5,015	SH		DFND		5,015	0	0
ALIBABA GROUP HLDG LTD SPONSORED ADS	SPONSORED ADS	01609W102	16,783	154,257	SH		DFND		154,257	0	0
AUTOZONE INC COM	COM	053332102	6,976	3,412	SH		DFND		3,412	0	0
AGNC INVT CORP COM	COM	00123Q104	190	14,531	SH		DFND		14,531	0	0
ACUITY BRANDS INC COM	COM	00508Y102	3,327	17,576	SH		DFND		17,576	0	0
ABIOMED INC COM	COM	003654100	398	1,203	SH		DFND		1,203	0	0
SNAP INC CL A	CL A	83304A106	658	18,293	SH		DFND		18,293	0	0
ZOETIS INC CL A	CL A	98978V103	648	3,438	SH		DFND		3,438	0	0
TESLA INC COM	COM	88160R101	13,808	12,814	SH		DFND		12,814	0	0
VMWARE INC CL A COM	CL A COM	928563402	1,127	9,900	SH		DFND		9,900	0	0
WELLS FARGO CO NEW COM	NEW COM	949746101	3,138	64,762	SH		DFND		64,762	0	0
WEST FRASER TIMBER CO LTD COM	COM ADDED	952845105	6,839	83,047	SH		DFND		83,047	0	0
STATE STR CORP COM	COM	857477103	855	9,818	SH		DFND		9,818	0	0
TRANSUNION COM	COM	89400J107	111	1,072	SH		DFND		1,072	0	0
SUN LIFE FINANCIAL INC. COM	COM	866796105	190	3,394	SH		DFND		3,394	0	0
WORKDAY INC CL A	CL A	98138H101	1,349	5,633	SH		DFND		5,633	0	0
UNITED RENTALS INC COM	COM	911363109	481	1,353	SH		DFND		1,353	0	0
YUM BRANDS INC COM	COM	988498101	145	1,220	SH		DFND		1,220	0	0
HDFC BANK LTD SPONSORED ADS	SPONSORED ADS	40415F101	4,442	72,430	SH		DFND		72,430	0	0
MARTIN MARIETTA MATLS INC COM	COM	573284106	260	675	SH		DFND		675	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	4,480	29,629	SH		DFND		29,629	0	0
REALTY INCOME CORP COM	COM	756109104	365	5,261	SH		DFND		5,261	0	0
GENERAL MLS INC COM	COM	370334104	2,222	32,816	SH		DFND		32,816	0	0
DOVER CORP COM	COM	260003108	509	3,242	SH		DFND		3,242	0	0
PDC ENERGY INC COM	COM	69327R101	181	2,496	SH		DFND		2,496	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	21,768	31,167	SH		DFND		31,167	0	0
DUKE REALTY CORP COM NEW	COM NEW	264411505	140	2,407	SH		DFND		2,407	0	0
GLOBAL PMTS INC COM	COM	37940X102	1,561	11,411	SH		DFND		11,411	0	0
NORTONLIFELOCK INC COM	COM	668771108	192	7,222	SH		DFND		7,222	0	0
DATADOG INC CL A COM	COM	23804L103	334	2,204	SH		DFND		2,204	0	0
JUNIPER NETWORKS INC COM	COM	48203R104	871	23,435	SH		DFND		23,435	0	0
ROKU INC COM CL A	CL A	77543R102	309	2,469	SH		DFND		2,469	0	0
KBR INC COM	COM	48242W106	190	3,477	SH		DFND		3,477	0	0
KLA CORP COM NEW	COM	482480100	889	2,428	SH		DFND		2,428	0	0
DIAMONDBACK ENERGY INC COM	COM	25278X109	207	1,511	SH		DFND		1,511	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	4,052	12,276	SH		DFND		12,276	0	0
KB HOME COM	COM	48666K109	570	17,613	SH		DFND		17,613	0	0
HENRY SCHEIN INC COM	COM	806407102	683	7,828	SH		DFND		7,828	0	0
DIGITAL RLTY TR INC COM	COM	253868103	1,188	8,378	SH		DFND		8,378	0	0
ALLSTATE CORP COM	COM	020002101	34,946	252,302	SH		DFND		234,422	0	17,880
OKTA INC CL A	CL A	679295105	170	1,129	SH		DFND		1,129	0	0
FIRST AMERN FINL CORP COM	COM	31847R102	3,051	47,064	SH		DFND		47,064	0	0
KRAFT HEINZ CO COM	COM	500754106	502	12,754	SH		DFND		12,754	0	0
GROUP 1 AUTOMOTIVE INC COM	COM	398905109	3,416	20,354	SH		DFND		20,354	0	0
ONEOK INC NEW COM	COM	682680103	530	7,503	SH		DFND		7,503	0	0
CORTEVA INC COM	COM	22052L104	1,082	18,822	SH		DFND		18,822	0	0
BORGWARNER INC COM	COM	099724106	1,234	31,720	SH		DFND		31,720	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	75	486	SH		DFND		486	0	0
BADGER METER INC COM	COM	056525108	794	7,968	SH		DFND		7,968	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	7,296	66,727	SH		DFND		66,727	0	0
COPART INC COM	COM	217204106	231	1,844	SH		DFND		1,844	0	0
CDW CORP COM	COM	12514G108	983	5,494	SH		DFND		5,494	0	0
BECTON DICKINSON & CO COM	COM	075887109	488	1,834	SH		DFND		1,834	0	0
ALPHABET INC CAP STK CL A	CL A	02079K305	128,109	46,060	SH		DFND		46,060	0	0
ARISTA NETWORKS INC COM	COM	040413106	1,216	8,748	SH		DFND		8,748	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	35,770	101,356	SH		DFND		101,356	0	0
CAESARS ENTERTAINMENT INC NE COM	COM	12769G100	564	7,286	SH		DFND		7,286	0	0
NUTRIEN LTD COM	COM	67077M108	11,160	107,345	SH		DFND		107,345	0	0
ANTHEM INC COM	COM	036752103	39,932	81,291	SH		DFND		76,162	0	5,129
COMMERCIAL METALS CO COM	COM	201723103	186	4,459	SH		DFND		4,459	0	0
ASTRAZENECA PLC SPONSORED ADR	SPONSORED ADS	046353108	25,127	378,764	SH		DFND		339,957	0	38,807
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	158	1,140	SH		DFND		1,140	0	0
CHEVRON CORP NEW COM	NEW COM	166764100	6,955	42,715	SH		DFND		42,715	0	0
ACCENTURE PLC IRELAND SHS CLASS A	SHS CLASS A	G1151C101	19,006	56,358	SH		DFND		56,358	0	0
AT&T INC COM	COM	00206R102	4,015	169,891	SH		DFND		169,891	0	0
ACTIVISION BLIZZARD INC COM	COM	00507V109	511	6,374	SH		DFND		6,374	0	0
SNOWFLAKE INC CL A	CL A	833445109	1,093	4,769	SH		DFND		4,769	0	0
THE TRADE DESK INC COM CL A	COM CL A	88339J105	279	4,024	SH		DFND		4,024	0	0
WABTEC COM	COM	929740108	499	5,192	SH		DFND		5,192	0	0
STANLEY BLACK & DECKER INC COM	COM	854502101	347	2,485	SH		DFND		2,485	0	0
TRACTOR SUPPLY CO COM	COM	892356106	11,927	51,106	SH		DFND		51,106	0	0
TRIMBLE INC COM	COM	896239100	693	9,604	SH		DFND		9,604	0	0
SYSCO CORP COM	COM	871829107	561	6,868	SH		DFND		6,868	0	0
AVERY DENNISON CORP COM	COM	053611109	17,895	102,863	SH		DFND		92,192	0	10,671
VERISK ANALYTICS INC COM	COM	92345Y106	517	2,408	SH		DFND		2,408	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	18,019	69,046	SH		DFND		69,046	0	0
GENERAC HLDGS INC COM	COM	368736104	4,922	16,557	SH		DFND		16,557	0	0
INFOSYS LTD SPONSORED ADR	ADR	456788108	5,026	201,916	SH		DFND		201,916	0	0
RAYMOND JAMES FINL INC COM	COM	754730109	311	2,826	SH		DFND		2,826	0	0
DOCUSIGN INC COM	COM	256163106	85	789	SH		DFND		789	0	0
MASCO CORP COM	COM	574599106	6,531	128,058	SH		DFND		128,058	0	0
CISCO SYS INC COM	COM	17275R102	45,115	809,096	SH		DFND		777,089	0	32,007
GILEAD SCIENCES INC COM	COM	375558103	13,330	224,221	SH		DFND		224,221	0	0
HARMONY BIOSCIENCES HLDGS IN COM	COM	413197104	185	3,798	SH		DFND		3,798	0	0
PROGRESSIVE CORP COM	COM	743315103	1,160	10,176	SH		DFND		10,176	0	0
PTC INC COM	COM	69370C100	154	1,434	SH		DFND		1,434	0	0
SIMON PPTY GROUP INC NEW COM	NEW COM	828806109	790	6,004	SH		DFND		6,004	0	0
HEICO CORP NEW CL A	CL A	422806208	2,171	17,121	SH		DFND		17,121	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	1,663	5,831	SH		DFND		5,831	0	0
INTERNATIONAL FLAVORS&FRAGRA COM	COM	459506101	1,004	7,644	SH		DFND		7,644	0	0
CMS ENERGY CORP COM	COM	125896100	24,408	348,980	SH		DFND		313,205	0	35,775
SVB FINANCIAL GROUP COM	COM	78486Q101	286	512	SH		DFND		512	0	0
ROCKWELL AUTOMATION INC COM	COM	773903109	1,304	4,656	SH		DFND		4,656	0	0
DELL TECHNOLOGIES INC CL C	CL C	24703L202	8,165	162,678	SH		DFND		162,678	0	0
HORMEL FOODS CORP COM	COM	440452100	767	14,888	SH		DFND		14,888	0	0
MOODYS CORP COM	COM	615369105	5,244	15,542	SH		DFND		15,542	0	0
SCHWAB CHARLES CORP COM	COM	808513105	5,880	69,742	SH		DFND		69,742	0	0
LUCID GROUP INC COM	COM	549498103	176	6,915	SH		DFND		6,915	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	2,051	20,421	SH		DFND		20,421	0	0
KINDER MORGAN INC DEL COM	COM	49456B101	490	25,922	SH		DFND		25,922	0	0
OCCIDENTAL PETE CORP COM	COM	674599105	539	9,498	SH		DFND		9,498	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	1,787	8,532	SH		DFND		8,532	0	0
CORNING INC COM	COM	219350105	1,892	51,267	SH		DFND		51,267	0	0
NETAPP INC COM	COM	64110D104	11,373	137,026	SH		DFND		137,026	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	680	5,138	SH		DFND		5,138	0	0
BROADCOM INC COM	COM ADDED	11135F101	4,428	7,032	SH		DFND		7,032	0	0
APPLE INC COM	COM	037833100	119,547	684,654	SH		DFND		684,654	0	0
BARRICK GOLD CORP COM	COM	067901108	383	15,666	SH		DFND		15,666	0	0
BAXTER INTL INC COM	COM	071813109	686	8,849	SH		DFND		8,849	0	0
CME GROUP INC COM	COM CL A	12572Q105	1,534	6,448	SH		DFND		6,448	0	0
COCA COLA CO COM	COM	191216100	40,326	650,419	SH		DFND		612,384	0	38,035
CONOCOPHILLIPS COM	COM	20825C104	3,878	38,776	SH		DFND		38,776	0	0
BIOMARIN PHARMACEUTICAL INC COM	COM	09061G101	377	4,890	SH		DFND		4,890	0	0
COMCAST CORP NEW CL A	CL A	20030N101	34,774	742,707	SH		DFND		706,278	0	36,429
CANADIAN PAC RY LTD COM	COM	13645T100	518	6,275	SH		DFND		6,275	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CL A	192446102	10,790	120,326	SH		DFND		120,326	0	0
AUTODESK INC COM	COM	052769106	2,505	11,686	SH		DFND		11,686	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	3,439	15,115	SH		DFND		15,115	0	0
AMERICAN INTL GROUP INC COM NEW	COM NEW	026874784	1,393	22,190	SH		DFND		22,190	0	0
3M CO COM	COM	88579Y101	1,268	8,518	SH		DFND		8,518	0	0
WASTE MGMT INC DEL COM	COM	94106L109	1,841	11,618	SH		DFND		11,618	0	0
STERLING CHECK CORP COM	COM	85917T109	148	5,584	SH		DFND		5,584	0	0
TWITTER INC COM	COM	90184L102	549	14,180	SH		DFND		14,180	0	0
TJX COS INC NEW COM	COM	872540109	1,417	23,395	SH		DFND		23,395	0	0
TYSON FOODS INC CL A	CL A	902494103	22,874	255,201	SH		DFND		255,201	0	0
XYLEM INC COM	COM	98419M100	1,188	13,933	SH		DFND		13,933	0	0
TARGA RES CORP COM	COM	87612G101	194	2,567	SH		DFND		2,567	0	0
UNION PAC CORP COM	COM	907818108	3,732	13,661	SH		DFND		13,661	0	0
SMITH A O CORP COM	COM	831865209	62	966	SH		DFND		966	0	0
CVS HEALTH CORP COM	COM	126650100	29,944	295,865	SH		DFND		272,848	0	23,017
GARTNER INC COM	COM	366651107	820	2,755	SH		DFND		2,755	0	0
HCA HEALTHCARE INC COM	COM	40412C101	2,001	7,984	SH		DFND		7,984	0	0
HALLIBURTON CO COM	COM	406216101	8,381	221,316	SH		DFND		221,316	0	0
CROWDSTRIKE HLDGS INC CL A	CL A	22788C105	907	3,993	SH		DFND		3,993	0	0
EQUINIX INC COM	COM	29444U700	1,445	1,949	SH		DFND		1,949	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	291	3,233	SH		DFND		3,233	0	0
MASTERCARD INCORPORATED CL A	CL A	57636Q104	13,150	36,795	SH		DFND		36,795	0	0
MATSON INC COM	COM	57686G105	139	1,152	SH		DFND		1,152	0	0
CROWN HLDGS INC COM	COM	228368106	305	2,441	SH		DFND		2,441	0	0
CUMMINS INC COM	COM	231021106	1,401	6,829	SH		DFND		6,829	0	0
MCDONALDS CORP COM	COM	580135101	2,135	8,635	SH		DFND		8,635	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	1,389	7,529	SH		DFND		7,529	0	0
EVERSOURCE ENERGY COM	COM	30040W108	1,200	13,612	SH		DFND		13,612	0	0
D R HORTON INC COM	COM	23331A109	611	8,205	SH		DFND		8,205	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	6,608	50,017	SH		DFND		50,017	0	0
DTE ENERGY CO COM	COM	233331107	23,275	176,043	SH		DFND		157,927	0	18,116
DANAHER CORPORATION COM	COM	235851102	2,223	7,579	SH		DFND		7,579	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	113	851	SH		DFND		851	0	0
HESS CORP COM	COM	42809H107	214	2,003	SH		DFND		2,003	0	0
MICRON TECHNOLOGY INC COM	COM	595112103	3,485	44,746	SH		DFND		44,746	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	187	895	SH		DFND		895	0	0
FLOWERS FOODS INC COM	COM	343498101	5,030	195,640	SH		DFND		195,640	0	0
HOME DEPOT INC COM	COM	437076102	27,171	90,774	SH		DFND		90,774	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	19,625	150,936	SH		DFND		137,967	0	12,969
LIVE NATION ENTERTAINMENT IN COM	COM	538034109	185	1,569	SH		DFND		1,569	0	0
FEDEX CORP COM	COM	31428X106	3,163	13,669	SH		DFND		13,669	0	0
FORTUNE BRANDS HOME & SEC IN COM	COM	34964C106	115	1,554	SH		DFND		1,554	0	0
SBA COMMUNICATIONS CORP NEW CL A	NEW CL A	78410G104	297	863	SH		DFND		863	0	0
LOUISIANA PAC CORP COM	COM	546347105	4,530	72,930	SH		DFND		72,930	0	0
SEA LTD SPONSORD ADS	ADS	81141R100	710	5,928	SH		DFND		5,928	0	0
FREEPORT-MCMORAN INC CL B	CL B	35671D857	922	18,542	SH		DFND		18,542	0	0
EMERSON ELEC CO COM	COM	291011104	1,592	16,239	SH		DFND		16,239	0	0
PIONEER NAT RES CO COM	COM	723787107	642	2,567	SH		DFND		2,567	0	0
COSTAR GROUP INC COM	COM	22160N109	236	3,541	SH		DFND		3,541	0	0
MANULIFE FINL CORP COM	COM	56501R106	2,387	111,833	SH		DFND		111,833	0	0
MARATHON OIL CORP COM	COM	565849106	2,563	102,080	SH		DFND		102,080	0	0
BOSTON PROPERTIES INC COM	COM	101121101	153	1,187	SH		DFND		1,187	0	0
CITIGROUP INC COM NEW	COM NEW	172967424	2,789	52,222	SH		DFND		52,222	0	0
CITRIX SYS INC COM	COM	177376100	4,570	45,297	SH		DFND		45,297	0	0
AIR PRODS & CHEMS INC COM	COM	009158106	1,170	4,681	SH		DFND		4,681	0	0
CLOUDFLARE INC CL A COM	COM	18915M107	300	2,507	SH		DFND		2,507	0	0
CBRE GROUP INC CL A	CL A	12504L109	481	5,252	SH		DFND		5,252	0	0
CONAGRA BRANDS INC COM	COM	205887102	542	16,156	SH		DFND		16,156	0	0
ERKSHIRE HATHAWAY INC DEL CL A	CL A	084670108	1,587	3	SH		DFND		3	0	0
CANADIAN IMP BK COMM COM	COM	136069101	1,351	11,120	SH		DFND		11,120	0	0
CHARTER COMMUNICATIONS INC N CL A	CL A	16119P108	698	1,279	SH		DFND		1,279	0	0
CENTENE CORP DEL COM	COM	15135B101	814	9,672	SH		DFND		9,672	0	0
JOHNSON & JOHNSON COM	COM	478160104	24,056	135,736	SH		DFND		121,657	0	14,079
ROYAL CARIBBEAN GROUP COM	COM	V7780T103	129	1,537	SH		DFND		1,537	0	0
TENET HEALTHCARE CORP COM NEW	COM NEW	88033G407	187	2,171	SH		DFND		2,171	0	0
TEXAS INSTRS INC COM	COM	882508104	24,109	131,401	SH		DFND		131,401	0	0
ZSCALER INC COM	COM	98980G102	139	575	SH		DFND		575	0	0
VALERO ENERGY CORP COM	NEW COM	91913Y100	202	1,985	SH		DFND		1,985	0	0
BLOCK INC CL A	CL A	852234103	1,386	10,221	SH		DFND		10,221	0	0
WESTERN DIGITAL CORP. COM	COM	958102105	471	9,488	SH		DFND		9,488	0	0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	SPONSORED ADR	874039100	11,450	109,826	SH		DFND		109,826	0	0
PARAMOUNT GLOBAL CLASS B COM	CL B	92556H206	139	3,679	SH		DFND		3,679	0	0
TC ENERGY CORP COM	COM	87807B107	265	4,701	SH		DFND		4,701	0	0
EPAM SYS INC COM	COM	29414B104	700	2,361	SH		DFND		2,361	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM NEW	50540R409	4,376	16,596	SH		DFND		16,596	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	645	8,380	SH		DFND		8,380	0	0
OVINTIV INC COM	COM	69047Q102	190	3,522	SH		DFND		3,522	0	0
SERVICE CORP INTL COM	COM	817565104	1,809	27,487	SH		DFND		27,487	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	154	4,993	SH		DFND		4,993	0	0
MCKESSON CORP COM	COM	58155Q103	191	625	SH		DFND		625	0	0
SIGNATURE BK NEW YORK N Y COM	COM	82669G104	164	558	SH		DFND		558	0	0
MERCADOLIBRE INC COM	COM	58733R102	589	495	SH		DFND		495	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	136	3,962	SH		DFND		3,962	0	0
LIBERTY BROADBAND CORP COM SER C	COM	530307305	104	766	SH		DFND		766	0	0
LIBERTY MEDIA CORP DEL COM SER C FRMLA	COM	531229854	111	1,584	SH		DFND		1,584	0	0
LILLY ELI & CO COM	COM	532457108	41,669	145,506	SH		DFND		138,677	0	6,829
REPUBLIC SVCS INC COM	COM	760759100	241	1,820	SH		DFND		1,820	0	0
SHAW COMMUNICATIONS INC CL B CONV	CL B CONV	82028K200	876	28,188	SH		DFND		28,188	0	0
FISERV INC COM	COM	337738108	2,124	20,947	SH		DFND		20,947	0	0
JD.COM INC SPON ADR CL A	CL A	47215P106	2,525	43,630	SH		DFND		43,630	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	853	11,356	SH		DFND		11,356	0	0
DARLING INGREDIENTS INC COM	COM	237266101	5,940	73,894	SH		DFND		73,894	0	0
NUCOR CORP COM	COM	670346105	23,331	156,952	SH		DFND		156,952	0	0
ROSS STORES INC COM	COM	778296103	814	9,000	SH		DFND		9,000	0	0
DEERE & CO COM	COM	244199105	17,330	41,714	SH		DFND		41,714	0	0
LOWES COS INC COM	COM	548661107	27,965	138,312	SH		DFND		130,854	0	7,458
FORTIVE CORP COM	COM	34959J108	407	6,677	SH		DFND		6,677	0	0
MGM RESORTS INTERNATIONAL COM	COM	552953101	805	19,183	SH		DFND		19,183	0	0
FIFTH THIRD BANCORP COM	COM	316773100	178	4,125	SH		DFND		4,125	0	0
IPG PHOTONICS CORP COM	COM	44980X109	297	2,705	SH		DFND		2,705	0	0
MKS INSTRS INC COM	COM	55306N104	287	1,913	SH		DFND		1,913	0	0
NIO INC SPON ADS	ADS	62914V106	414	19,659	SH		DFND		19,659	0	0
QORVO INC COM	COM	74736K101	332	2,672	SH		DFND		2,672	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	4,500	27,759	SH		DFND		27,759	0	0
LI AUTO INC SPONSORED ADS	SPONSORED ADS	50202M102	2,176	84,303	SH		DFND		84,303	0	0
AMERICAN TOWER CORP NEW COM	NEW COM	03027X100	2,601	10,355	SH		DFND		10,355	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	6,523	89,323	SH		DFND		89,323	0	0
ANNALY CAPITAL MANAGEMENT IN COM	COM	035710409	160	22,728	SH		DFND		22,728	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	1,703	37,568	SH		DFND		37,568	0	0
APOLLO GLOBAL MGMT INC COM ADDED	COM	03769M106	204	3,292	SH		DFND		3,292	0	0
CIGNA CORP NEW COM	COM	125523100	622	2,595	SH		DFND		2,595	0	0
ARROW ELECTRS INC COM	COM	042735100	1,772	14,938	SH		DFND		14,938	0	0
MERCK & CO INC COM	COM	58933Y105	32,349	394,255	SH		DFND		369,565	0	24,690
ATKORE INC COM	COM	047649108	1,606	16,315	SH		DFND		16,315	0	0
MICROSOFT CORP COM	COM	594918104	155,535	504,475	SH		DFND		498,069	0	6,406
ALTRIA GROUP INC COM	COM	02209S103	1,218	23,313	SH		DFND		23,313	0	0
AMAZON COM INC COM	COM	023135106	33,369	10,236	SH		DFND		10,236	0	0
CATERPILLAR INC COM	COM	149123101	1,645	7,384	SH		DFND		7,384	0	0
CELANESE CORP DEL COM	COM	150870103	339	2,370	SH		DFND		2,370	0	0
ADOBE SYSTEMS INCORPORATED COM	COM	00724F101	19,690	43,216	SH		DFND		43,216	0	0
ADVANCE AUTO PARTS INC COM	COM	00751Y106	1,689	8,159	SH		DFND		8,159	0	0
PEPSICO INC COM	COM	713448108	35,202	210,314	SH		DFND		197,770	0	12,544
A-MARK PRECIOUS METALS INC COM	COM	00181T107	189	2,446	SH		DFND		2,446	0	0
ABBVIE INC COM	COM	00287Y109	23,396	144,321	SH		DFND		144,321	0	0
FLEX LNG LTD SHS	SHS	G35947202	0	6,900	SH		DFND		6,900	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	53,351	349,158	SH		DFND		333,888	0	15,270
WASTE CONNECTIONS INC COM	COM	94106B101	193	1,385	SH		DFND		1,385	0	0
STEEL DYNAMICS INC COM	COM	858119100	16,934	202,972	SH		DFND		202,972	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	20,053	286,467	SH		DFND		256,444	0	30,023
WILLIAMS COS INC COM	COM	969457100	378	11,302	SH		DFND		11,302	0	0
TRUIST FINL CORP COM	COM	89832Q109	8,130	143,379	SH		DFND		143,379	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	155	348	SH		DFND		348	0	0
TAKE-TWO INTERACTIVE SOFTWAR COM	COM	874054109	132	860	SH		DFND		860	0	0
HP INC COM	COM	40434L105	1,095	30,158	SH		DFND		30,158	0	0
INGERSOLL RAND INC COM	COM	45687V106	673	13,375	SH		DFND		13,375	0	0
RAYTHEON TECHNOLOGIES CORP COM	COM	75513E101	3,245	32,753	SH		DFND		32,753	0	0
DOLLAR GEN CORP NEW COM	COM	256677105	901	4,045	SH		DFND		4,045	0	0
DOLLAR TREE INC COM	COM	256746108	797	4,979	SH		DFND		4,979	0	0
INVITATION HOMES INC COM	COM	46187W107	158	3,932	SH		DFND		3,932	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	5,761	258,799	SH		DFND		258,799	0	0
LENNAR CORP CL A	CL A	526057104	254	3,133	SH		DFND		3,133	0	0
PACCAR INC COM	COM	693718108	892	10,131	SH		DFND		10,131	0	0
INTEL CORP COM	COM	458140100	6,840	138,005	SH		DFND		138,005	0	0
ROYAL BK CDA COM	COM	780087102	24,988	226,757	SH		DFND		205,318	0	21,439
NORTHERN TR CORP COM	COM	665859104	798	6,851	SH		DFND		6,851	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	7,508	72,778	SH		DFND		72,778	0	0
HOLOGIC INC COM	COM	436440101	9,073	118,111	SH		DFND		118,111	0	0
PAYCOM SOFTWARE INC COM	COM	70432V102	159	458	SH		DFND		458	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	765	1,619	SH		DFND		1,619	0	0
S&P GLOBAL INC COM	COM	78409V104	39,868	97,196	SH		DFND		92,739	0	4,457
WHEATON PRECIOUS METALS CORP COM	COM	962879102	549	11,529	SH		DFND		11,529	0	0
DEVON ENERGY CORP NEW COM	COM NEW	25179M103	178	3,011	SH		DFND		3,011	0	0
F5 INC COM	COM	315616102	831	3,978	SH		DFND		3,978	0	0
HUMANA INC COM	COM	444859102	1,412	3,244	SH		DFND		3,244	0	0
MONDELEZ INTL INC CL A	CL A	609207105	2,590	41,258	SH		DFND		41,258	0	0
SCHLUMBERGER LTD COM STK	COM	806857108	8,968	217,079	SH		DFND		217,079	0	0
ECOLAB INC COM	COM	278865100	1,882	10,660	SH		DFND		10,660	0	0
HUNTINGTON BANCSHARES INC COM	COM	446150104	122	8,325	SH		DFND		8,325	0	0
LUMEN TECHNOLOGIES INC COM	COM ADDED	550241103	624	55,374	SH		DFND		55,374	0	0
ELECTRONIC ARTS INC COM	COM	285512109	1,059	8,369	SH		DFND		8,369	0	0
NRG ENERGY INC COM NEW	COM NEW	629377508	969	25,272	SH		DFND		25,272	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	4,136	13,847	SH		DFND		13,847	0	0
PINDUODUO INC SPONSORED ADS	SPONSORED ADS	722304102	5,581	139,152	SH		DFND		139,152	0	0
ENBRIDGE INC COM	COM	29250N105	389	8,432	SH		DFND		8,432	0	0
NASDAQ INC COM	COM	631103108	233	1,308	SH		DFND		1,308	0	0
INCYTE CORP COM	COM	45337C102	237	2,986	SH		DFND		2,986	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	1,750	745	SH		DFND		745	0	0
BANK MONTREAL QUE COM	COM	063671101	1,747	14,835	SH		DFND		14,835	0	0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH	VT SH	112585104	1,567	27,698	SH		DFND		27,698	0	0
AIR TRANSPORT SERVICES GRP I COM	COM	00922R105	192	5,738	SH		DFND		5,738	0	0
APPLIED MATLS INC COM	COM	038222105	11,693	88,716	SH		DFND		88,716	0	0
CAE INC COM	COM	124765108	1,633	62,675	SH		DFND		62,675	0	0
TFI INTL INC COM	COM	87241L109	21,313	199,932	SH		DFND		179,619	0	20,313
ARCHER DANIELS MIDLAND CO COM	COM	039483102	4,927	54,584	SH		DFND		54,584	0	0
ALNYLAM PHARMACEUTICALS INC COM	COM	02043Q107	305	1,868	SH		DFND		1,868	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	23,610	129,205	SH		DFND		117,428	0	11,777
COGNEX CORP COM	COM	192422103	429	5,562	SH		DFND		5,562	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	577	12,572	SH		DFND		12,572	0	0
AFLAC INC COM	COM	001055102	213	3,309	SH		DFND		3,309	0	0
AGCO CORP COM	COM	001084102	192	1,312	SH		DFND		1,312	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	1,665	12,046	SH		DFND		12,046	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	619	17,770	SH		DFND		17,770	0	0
TWILIO INC CL A	CL A	90138F102	892	5,410	SH		DFND		5,410	0	0
UDR INC COM	COM	902653104	139	2,419	SH		DFND		2,419	0	0
UBER TECHNOLOGIES INC COM	COM	90353T100	313	8,780	SH		DFND		8,780	0	0
TARGET CORP COM	COM	87612E106	21,602	101,792	SH		DFND		101,792	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	1,281	9,612	SH		DFND		9,612	0	0
ORMAT TECHNOLOGIES INC COM	COM	686688102	570	6,968	SH		DFND		6,968	0	0
DISCOVER FINL SVCS COM	COM	254709108	181	1,646	SH		DFND		1,646	0	0
MARKEL CORP COM	COM	570535104	13,653	9,255	SH		DFND		9,255	0	0
MARRIOTT INTL INC NEW CL A	NEW CL A	571903202	1,134	6,452	SH		DFND		6,452	0	0
CROWN CASTLE INTL CORP NEW COM	COM	22822V101	1,516	8,210	SH		DFND		8,210	0	0
GENERAL MTRS CO COM	COM	37045V100	5,027	114,921	SH		DFND		114,921	0	0
NEWMONT CORP COM	COM	651639106	2,323	29,239	SH		DFND		29,239	0	0
PROLOGIS INC. COM	COM	74340W103	2,495	15,448	SH		DFND		15,448	0	0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM	COM	531229607	103	2,249	SH		DFND		2,249	0	0
MERITAGE HOMES CORP COM	COM	59001A102	433	5,462	SH		DFND		5,462	0	0
RESTAURANT BRANDS INTL INC COM	COM	76131D103	402	6,884	SH		DFND		6,884	0	0
EOG RES INC COM	COM	26875P101	616	5,164	SH		DFND		5,164	0	0
METLIFE INC COM	COM	59156R108	4,812	68,472	SH		DFND		68,472	0	0
EXPEDIA GROUP INC COM NEW	COM NEW	30212P303	744	3,803	SH		DFND		3,803	0	0
EXXON MOBIL CORP COM	COM	30231G102	6,457	78,182	SH		DFND		78,182	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	2,771	165,829	SH		DFND		165,829	0	0
META PLATFORMS INC CL A	CL A	30303M102	18,238	82,018	SH		DFND		82,018	0	0
INTUIT COM	COM	461202103	6,482	13,481	SH		DFND		13,481	0	0
JONES LANG LASALLE INC COM	COM	48020Q107	3,779	15,783	SH		DFND		15,783	0	0
FAIR ISAAC CORP COM	COM	303250104	214	458	SH		DFND		458	0	0
FORD MTR CO DEL COM	COM	345370860	3,116	184,285	SH		DFND		184,285	0	0
KKR & CO INC COM	COM	48251W104	834	14,257	SH		DFND		14,257	0	0
DEXCOM INC COM	COM	252131107	874	1,709	SH		DFND		1,709	0	0
FASTENAL CO COM	COM	311900104	470	7,916	SH		DFND		7,916	0	0
HUBSPOT INC COM	COM	443573100	232	489	SH		DFND		489	0	0
EDISON INTL COM	COM	281020107	1,097	15,651	SH		DFND		15,651	0	0
FOX CORP CL A COM	CL A COM	35137L105	580	14,696	SH		DFND		14,696	0	0
MOSAIC CO NEW COM	COM	61945C103	5,546	83,402	SH		DFND		83,402	0	0
PFIZER INC COM	COM	717081103	5,386	104,036	SH		DFND		104,036	0	0
FRANKLIN ELEC INC COM	COM	353514102	4,517	54,400	SH		DFND		54,400	0	0
M & T BK CORP COM	COM	55261F104	140	826	SH		DFND		826	0	0
SEAGEN INC COM	COM ADDED	81181C104	336	2,330	SH		DFND		2,330	0	0
GRAINGER W W INC COM	COM	384802104	4,526	8,775	SH		DFND		8,775	0	0
MSCI INC COM	COM	55354G100	395	786	SH		DFND		786	0	0
VR INC COM	COM	62944T105	27	6	SH		DFND		6	0	0
MAGNA INTL INC COM	COM	559222401	136	2,121	SH		DFND		2,121	0	0
SS&C TECHNOLOGIES HLDGS INC COM	COM	78467J100	2,353	31,363	SH		DFND		31,363	0	0
LKQ CORP COM	COM	501889208	3,293	72,522	SH		DFND		72,522	0	0
MARATHON PETE CORP COM	COM	56585A102	431	5,042	SH		DFND		5,042	0	0
AMERICAN WTR WKS CO INC NEW COM	NEW COM	030420103	934	5,640	SH		DFND		5,640	0	0
AMERIPRISE FINL INC COM	COM	03076C106	930	3,096	SH		DFND		3,096	0	0
BAKER HUGHES COMPANY CL A	CL A	05722G100	7,509	206,242	SH		DFND		206,242	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	327	2,102	SH		DFND		2,102	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	761	481	SH		DFND		481	0	0
AGNICO EAGLE MINES LTD COM	COM	008474108	460	7,504	SH		DFND		7,504	0	0
BANK NOVA SCOTIA B C COM	COM	064149107	1,883	26,256	SH		DFND		26,256	0	0
UNITED PARCEL SERVICE INC CL B	CL B	911312106	24,525	114,357	SH		DFND		106,569	0	7,788
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	149	1,246	SH		DFND		1,246	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	33,868	66,412	SH		DFND		61,694	0	4,718
ALBEMARLE CORP COM	COM	012653101	262	1,184	SH		DFND		1,184	0	0
BATH & BODY WORKS INC COM	COM ADDED	070830104	112	2,349	SH		DFND		2,349	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	4,202	32,007	SH		DFND		32,007	0	0
CARMAX INC COM	COM	143130102	92	957	SH		DFND		957	0	0
BLACKSTONE INC COM	CL A	09260D107	1,082	8,521	SH		DFND		8,521	0	0
CAVCO INDS INC DEL COM	COM	149568107	217	903	SH		DFND		903	0	0
AMERICAN EXPRESS CO COM	COM	025816109	2,069	11,064	SH		DFND		11,064	0	0
V F CORP COM	COM	918204108	109	1,923	SH		DFND		1,923	0	0
STARBUCKS CORP COM	COM	855244109	1,736	19,083	SH		DFND		19,083	0	0
SWITCH INC CL A	CL A	87105L104	605	19,645	SH		DFND		19,645	0	0
VEEVA SYS INC CL A COM	CL A COM	922475108	205	965	SH		DFND		965	0	0
VENTAS INC COM	COM	92276F100	196	3,174	SH		DFND		3,174	0	0
SYNOPSYS INC COM	COM	871607107	2,302	6,906	SH		DFND		6,906	0	0
VERISIGN INC COM	COM	92343E102	174	781	SH		DFND		781	0	0
PARAMOUNT GLOBAL CLASS A COM	COM	92556H107	485	11,994	SH		DFND		11,994	0	0
VICI PPTYS INC COM	COM	925652109	165	5,807	SH		DFND		5,807	0	0
DISNEY WALT CO COM	COM DISNEY	254687106	3,984	29,047	SH		DFND		29,047	0	0
SERVICENOW INC COM	COM	81762P102	2,412	4,332	SH		DFND		4,332	0	0
EQUIFAX INC COM	COM	294429105	360	1,520	SH		DFND		1,520	0	0
NEW FORTRESS ENERGY INC COM CL A	CL A	644393100	210	4,938	SH		DFND		4,938	0	0
SHOPIFY INC CL A	CL A	82509L107	912	1,347	SH		DFND		1,347	0	0
ESSEX PPTY TR INC COM	COM	297178105	157	453	SH		DFND		453	0	0
ETSY INC COM	COM	29786A106	85	680	SH		DFND		680	0	0
PPL CORP COM	COM	69351T106	1,877	65,715	SH		DFND		65,715	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	306	4,164	SH		DFND		4,164	0	0
NIKE INC CL B	CL B	654106103	8,398	62,413	SH		DFND		62,413	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	5,245	21,012	SH		DFND		21,012	0	0
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	1,074	7,079	SH		DFND		7,079	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	3,009	26,015	SH		DFND		26,015	0	0
MODERNA INC COM	COM	60770K107	455	2,639	SH		DFND		2,639	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	190	571	SH		DFND		571	0	0
FORTINET INC COM	COM	34959E109	1,152	3,371	SH		DFND		3,371	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	37,959	745,164	SH		DFND		706,032	0	39,132
SLM CORP COM	COM	78442P106	945	51,489	SH		DFND		51,489	0	0
KEYCORP COM	COM	493267108	132	5,893	SH		DFND		5,893	0	0
VISA INC COM CL A	CL A	92826C839	45,884	206,898	SH		DFND		197,781	0	9,117
MORGAN STANLEY COM NEW	COM NEW	617446448	2,909	33,286	SH		DFND		33,286	0	0
PUBLIC STORAGE COM	COM	74460D109	1,200	3,075	SH		DFND		3,075	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	6,744	54,754	SH		DFND		54,754	0	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	193	2,253	SH		DFND		2,253	0	0
IDEX CORP COM	COM	45167R104	167	871	SH		DFND		871	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	237	1,360	SH		DFND		1,360	0	0
ORACLE CORP COM	COM	68389X105	22,858	276,299	SH		DFND		276,299	0	0