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
3M CO COM	COM	88579Y101	6,895	50,438	SH		DFND		50,438	0	0
ABBVIE INC COM	COM	00287Y109	37,283	188,796	SH		DFND		188,796	0	0
ACCENTURE PLC IRELAND SHS CLASS A	SHS CLASS A	G1151C101	22,410	63,398	SH		DFND		63,398	0	0
ACUITY BRANDS INC COM	COM	00508Y102	139	503	SH		DFND		503	0	0
ADOBE INC COM	COM	00724F101	75,739	146,277	SH		DFND		78,423	0	67,854
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	1,261	8,023	SH		DFND		8,023	0	0
AECOM COM	COM	00766T100	32,535	315,049	SH		DFND		315,049	0	0
AES CORP COM	COM	00130H105	4,008	199,782	SH		DFND		199,782	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	2,742	18,466	SH		DFND		18,466	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	1,301	12,891	SH		DFND		12,891	0	0
ALIBABA GROUP HLDG LTD SPONSORED ADS	SPONSORED ADS	01609W102	5,215	49,145	SH		DFND		49,145	0	0
ALLY FINL INC COM	COM	02005N100	293	8,228	SH		DFND		8,228	0	0
ALNYLAM PHARMACEUTICALS INC COM	COM	02043Q107	2,344	8,523	SH		DFND		8,523	0	0
ALPHABET INC CAP STK CL A	CL A	02079K305	244,233	1,472,611	SH		DFND		1,257,064	0	215,547
AMERICAN HOMES 4 RENT CL A	CL A	02665T306	2,625	68,378	SH		DFND		68,378	0	0
AMERICAN TOWER CORP NEW COM	COM	03027X100	39,640	170,449	SH		DFND		170,449	0	0
AMERIPRISE FINL INC COM	COM	03076C106	33,847	72,043	SH		DFND		52,862	0	19,181
ANSYS INC COM	COM	03662Q105	318	998	SH		DFND		998	0	0
APA CORPORATION COM	COM	03743Q108	2,611	106,726	SH		DFND		106,726	0	0
APOLLO COML REAL EST FIN INC COM	COM	03762U105	2,063	224,493	SH		DFND		224,493	0	0
APOLLO GLOBAL MGMT INC COM	COM	03769M106	10,845	86,820	SH		DFND		86,511	0	309
APPLOVIN CORP COM CL A	COM CL A	03831W108	14,513	111,169	SH		DFND		111,169	0	0
ARES CAPITAL CORP COM	COM	04010L103	169	8,060	SH		DFND		8,060	0	0
ARES COML REAL ESTATE CORP COM	COM	04013V108	2,245	320,753	SH		DFND		320,753	0	0
ARES MANAGEMENT CORPORATION CL A COM STK	COM	03990B101	144	927	SH		DFND		684	0	243
ARRAY TECHNOLOGIES INC COM SHS	COM SHS	04271T100	45	6,868	SH		DFND		6,868	0	0
ASPEN TECHNOLOGY INC COM	COM	29109X106	1,163	4,868	SH		DFND		4,868	0	0
ASSURANT INC COM	COM	04621X108	221	1,109	SH		DFND		1,109	0	0
AT&T INC COM	COM	00206R102	16,452	747,816	SH		DFND		747,816	0	0
AXON ENTERPRISE INC COM	COM	05464C101	2,397	5,999	SH		DFND		5,999	0	0
AXOS FINANCIAL INC COM	COM	05465C100	858	13,642	SH		DFND		13,642	0	0
BAIN CAP SPECIALTY FIN INC COM STK	COM STK	05684B107	2,218	133,591	SH		DFND		133,591	0	0
BAKER HUGHES COMPANY CL A	CL A	05722G100	15,176	419,819	SH		DFND		419,819	0	0
BARINGS BDC INC COM	COM	06759L103	3,111	317,452	SH		DFND		317,452	0	0
BELLRING BRANDS INC COMMON STOCK	COMMON STOCK	07831C103	171	2,811	SH		DFND		2,811	0	0
BENTLEY SYS INC COM CL B	COM CL B	08265T208	762	14,998	SH		DFND		14,998	0	0
BIOGEN INC COM	COM	09062X103	1,390	7,171	SH		DFND		7,171	0	0
BIOMARIN PHARMACEUTICAL INC COM	COM	09061G101	1,853	26,357	SH		DFND		26,357	0	0
BIO-TECHNE CORP COM	COM	09073M104	344	4,305	SH		DFND		4,305	0	0
BLACKROCK INC COM	COM	09247X101	3,535	3,723	SH		DFND		3,723	0	0
BLACKSTONE MTG TR INC COM CL A	COM CL A	09257W100	2,382	125,322	SH		DFND		125,322	0	0
BLACKSTONE SECD LENDING FD COMMON STOCK	COMMON STOCK	09261X102	154	5,242	SH		DFND		5,242	0	0
BLOCK INC CL A	CL A	852234103	9,538	142,086	SH		DFND		142,086	0	0
BLUE OWL CAPITAL CORPORATION COM	COM	69121K104	155	10,621	SH		DFND		10,621	0	0
BOISE CASCADE CO DEL COM	COM	09739D100	505	3,580	SH		DFND		3,580	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	60,023	14,250	SH		DFND		5,675	0	8,575
BOSTON SCIENTIFIC CORP COM	COM	101137107	10,786	128,709	SH		DFND		128,709	0	0
BRADY CORP CL A	CL A	104674106	938	12,242	SH		DFND		12,242	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	5,408	104,532	SH		DFND		104,532	0	0
BROADCOM INC COM	COM	11135F101	92,548	536,511	SH		DFND		536,511	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,574	7,319	SH		DFND		7,319	0	0
BROWN & BROWN INC COM	COM	115236101	926	8,938	SH		DFND		8,938	0	0
BROWN FORMAN CORP CL B	CL B	115637209	494	10,038	SH		DFND		10,038	0	0
BUILDERS FIRSTSOURCE INC COM	COM	12008R107	6,457	33,308	SH		DFND		33,308	0	0
BURLINGTON STORES INC COM	COM	122017106	1,650	6,264	SH		DFND		6,264	0	0
BXP INC COM	COM	101121101	1,060	13,178	SH		DFND		13,178	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM NEW	12541W209	1,798	16,294	SH		DFND		16,294	0	0
CABOT CORP COM	COM	127055101	1,353	12,107	SH		DFND		12,107	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	4,904	18,095	SH		DFND		18,095	0	0
CAMDEN PPTY TR SH BEN INT	TR SH BEN INT	133131102	450	3,641	SH		DFND		3,641	0	0
CAMPBELL SOUP CO COM	COM	134429109	921	18,828	SH		DFND		18,828	0	0
CANADIAN NATL RY CO COM	COM	136375102	416	3,552	SH		DFND		3,552	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	3,620	24,178	SH		DFND		24,178	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	3,521	31,855	SH		DFND		31,855	0	0
CARETRUST REIT INC COM	COM	14174T107	339	10,971	SH		DFND		10,971	0	0
CARLISLE COS INC COM	COM	142339100	41,131	91,454	SH		DFND		51,628	0	39,826
CARLYLE GROUP INC COM	COM	14316J108	424	9,840	SH		DFND		2,051	0	7,789
CARLYLE SECURED LENDING INC COM	COM	872280102	773	45,564	SH		DFND		45,564	0	0
CARMAX INC COM	COM	143130102	892	11,530	SH		DFND		11,530	0	0
CARNIVAL CORP UNIT 99/99/9999	UNIT	143658300	10,125	547,895	SH		DFND		547,895	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	4,837	60,096	SH		DFND		60,096	0	0
CATERPILLAR INC COM	COM	149123101	46,777	119,598	SH		DFND		91,593	0	28,005
CBOE GLOBAL MKTS INC COM	COM	12503M108	3,532	17,240	SH		DFND		17,240	0	0
CBRE GROUP INC CL A	CL A	12504L109	2,717	21,824	SH		DFND		21,824	0	0
CDW CORP COM	COM	12514G108	531	2,348	SH		DFND		2,348	0	0
CELANESE CORP DEL COM	COM	150870103	485	3,569	SH		DFND		3,569	0	0
CELESTICA INC COM	COM	15101Q207	3,788	74,101	SH		DFND		74,101	0	0
CELSIUS HLDGS INC COM NEW	COM NEW	15118V207	2,970	94,699	SH		DFND		94,699	0	0
CENTENE CORP DEL COM	COM	15135B101	5,049	67,069	SH		DFND		67,069	0	0
CENTERPOINT ENERGY INC COM	COM	15189T107	1,058	35,952	SH		DFND		35,952	0	0
CF INDS HLDGS INC COM	COM	125269100	1,535	17,885	SH		DFND		17,885	0	0
CHARLES RIV LABS INTL INC COM	COM	159864107	523	2,654	SH		DFND		2,654	0	0
CHARTER COMMUNICATIONS INC N CL A	CL A	16119P108	6,069	18,728	SH		DFND		18,728	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	171	889	SH		DFND		889	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	8,455	47,013	SH		DFND		47,013	0	0
CHESAPEAKE ENERGY CORP COM	COM	165167735	385	4,680	SH		DFND		4,680	0	0
CHEVRON CORP NEW COM	COM	166764100	11,921	80,944	SH		DFND		80,944	0	0
CHIMERA INVT CORP COM SHS	COM SHS	16934Q802	1,259	79,520	SH		DFND		79,520	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	1,998	34,673	SH		DFND		34,673	0	0
CHORD ENERGY CORPORATION COM NEW	COM	674215207	2,909	22,340	SH		DFND		22,340	0	0
CHURCH & DWIGHT CO INC COM	COM	171340102	1,376	13,138	SH		DFND		13,138	0	0
CINCINNATI FINL CORP COM	COM	172062101	800	5,874	SH		DFND		5,874	0	0
CINTAS CORP COM	COM	172908105	21,638	105,098	SH		DFND		105,098	0	0
CION INVT CORP COM	COM	17259U204	1,168	98,140	SH		DFND		98,140	0	0
CISCO SYS INC COM	COM	17275R102	51,321	964,312	SH		DFND		964,312	0	0
CITIGROUP INC COM NEW	COM NEW	172967424	7,539	120,436	SH		DFND		120,436	0	0
CLOROX CO DEL COM	COM	189054109	1,227	7,534	SH		DFND		7,534	0	0
CLOUDFLARE INC CL A COM	COM	18915M107	992	12,269	SH		DFND		12,269	0	0
CME GROUP INC COM	COM	12572Q105	2,489	11,279	SH		DFND		11,279	0	0
CMS ENERGY CORP COM	COM	125896100	1,570	22,233	SH		DFND		22,233	0	0
COCA COLA CO COM	COM	191216100	116,965	1,627,685	SH		DFND		1,066,808	0	560,877
COGNEX CORP COM	COM	192422103	82	2,025	SH		DFND		2,025	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CL A	192446102	768	9,954	SH		DFND		9,954	0	0
COINBASE GLOBAL INC COM CL A	COM CL A	19260Q107	3,976	22,318	SH		DFND		22,318	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	23,739	228,680	SH		DFND		228,680	0	0
COMCAST CORP NEW CL A	CL A	20030N101	20,868	499,589	SH		DFND		277,801	0	221,788
COMFORT SYS USA INC COM	COM	199908104	3,721	9,532	SH		DFND		9,532	0	0
CONAGRA BRANDS INC COM	COM	205887102	1,108	34,059	SH		DFND		34,059	0	0
CONOCOPHILLIPS COM	COM	20825C104	11,488	109,116	SH		DFND		109,116	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	602	5,782	SH		DFND		5,782	0	0
CONSTELLATION BRANDS INC CL A	CL A	21036P108	1,596	6,192	SH		DFND		6,192	0	0
CONSTELLATION ENERGY CORP COM	COM	21037T109	3,177	12,217	SH		DFND		12,217	0	0
COOPER COS INC COM	COM	216648501	1,775	16,085	SH		DFND		16,085	0	0
COPART INC COM	COM	217204106	462	8,810	SH		DFND		8,810	0	0
CORE & MAIN INC CL A	CL A	21874C102	2,903	65,390	SH		DFND		65,390	0	0
COREBRIDGE FINL INC COM	COM	21871X109	4,744	162,695	SH		DFND		162,695	0	0
CORNING INC COM	COM	219350105	1,333	29,519	SH		DFND		29,519	0	0
CORPAY INC COM SHS	COM SHS	219948106	322	1,030	SH		DFND		1,030	0	0
CORTEVA INC COM	COM	22052L104	799	13,591	SH		DFND		13,591	0	0
COSTAR GROUP INC COM	COM	22160N109	1,338	17,739	SH		DFND		17,739	0	0
COSTCO WHSL CORP NEW COM	NEW COM	22160K105	82,075	92,581	SH		DFND		46,050	0	46,531
CRESCENT CAP BDC INC COM	COM	225655109	1,243	67,199	SH		DFND		67,199	0	0
CROCS INC COM	COM	227046109	13,916	96,100	SH		DFND		96,100	0	0
CROWN CASTLE INC COM	COM	22822V101	3,824	32,236	SH		DFND		32,236	0	0
CSX CORP COM	COM	126408103	1,511	43,768	SH		DFND		43,768	0	0
CUMMINS INC COM	COM	231021106	4,409	13,618	SH		DFND		13,618	0	0
CVS HEALTH CORP COM	COM	126650100	28,651	455,639	SH		DFND		455,639	0	0
D R HORTON INC COM	COM	23331A109	4,169	21,851	SH		DFND		21,851	0	0
DANAHER CORPORATION COM	COM	235851102	12,382	44,535	SH		DFND		44,535	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	494	3,007	SH		DFND		3,007	0	0
DARLING INGREDIENTS INC COM	COM	237266101	2,088	56,185	SH		DFND		56,185	0	0
DATADOG INC CL A COM	COM	23804L103	3,815	33,156	SH		DFND		33,156	0	0
DAVITA INC COM	COM	23918K108	8,546	52,131	SH		DFND		52,131	0	0
DAYFORCE INC COM	COM	15677J108	526	8,591	SH		DFND		8,591	0	0
DECKERS OUTDOOR CORP COM	COM	243537107	21,900	137,348	SH		DFND		137,348	0	0
DEERE & CO COM	COM	244199105	6,240	14,953	SH		DFND		14,953	0	0
DELL TECHNOLOGIES INC CL C	CL C	24703L202	16,315	137,633	SH		DFND		137,633	0	0
DELTA AIR LINES INC DEL COM NEW	COM NEW	247361702	5,448	107,263	SH		DFND		107,263	0	0
DEVON ENERGY CORP NEW COM	COM	25179M103	3,847	98,335	SH		DFND		98,335	0	0
DEXCOM INC COM	COM	252131107	1,663	24,812	SH		DFND		24,812	0	0
DIAMONDBACK ENERGY INC COM	COM	25278X109	6,157	35,713	SH		DFND		35,713	0	0
DICKS SPORTING GOODS INC COM	COM	253393102	6,851	32,827	SH		DFND		32,827	0	0
DIGITAL RLTY TR INC COM	COM	253868103	11,119	68,707	SH		DFND		68,707	0	0
DILLARDS INC CL A	CL A	254067101	1,008	2,626	SH		DFND		2,626	0	0
DISNEY WALT CO COM	COM	254687106	8,071	83,908	SH		DFND		83,908	0	0
DOCUSIGN INC COM	COM	256163106	1,244	20,039	SH		DFND		20,039	0	0
DOLLAR GEN CORP NEW COM	COM	256677105	512	6,059	SH		DFND		6,059	0	0
DOLLAR TREE INC COM	COM	256746108	296	4,208	SH		DFND		4,208	0	0
DOMINION ENERGY INC COM	COM	25746U109	3,088	53,442	SH		DFND		53,442	0	0
DOMINOS PIZZA INC COM	COM	25754A201	198	461	SH		DFND		461	0	0
DOORDASH INC CL A	CL A	25809K105	1,931	13,532	SH		DFND		13,532	0	0
DOVER CORP COM	COM	260003108	2,172	11,329	SH		DFND		11,329	0	0
DOW INC COM	COM	260557103	1,086	19,874	SH		DFND		19,874	0	0
DR REDDYS LABS LTD ADR	ADR	256135203	1,451	18,265	SH		DFND		18,265	0	0
DRAFTKINGS INC NEW COM CL A	COM CL A	26142V105	382	9,747	SH		DFND		9,747	0	0
DROPBOX INC CL A	CL A	26210C104	2,550	100,259	SH		DFND		100,259	0	0
DTE ENERGY CO COM	COM	233331107	1,837	14,308	SH		DFND		14,308	0	0
DUKE ENERGY CORP NEW COM NEW	COM NEW	26441C204	4,960	43,022	SH		DFND		43,022	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,699	19,067	SH		DFND		19,067	0	0
DYNATRACE INC COM NEW	COM NEW	268150109	782	14,627	SH		DFND		14,627	0	0
E L F BEAUTY INC COM	COM	26856L103	2,980	27,328	SH		DFND		27,328	0	0
EAGLE MATLS INC COM	COM	26969P108	1,009	3,507	SH		DFND		3,507	0	0
EAGLE POINT CREDIT COMPANY I COM	COM	269808101	1,030	104,450	SH		DFND		104,450	0	0
EASTGROUP PPTYS INC COM	COM	277276101	151	806	SH		DFND		806	0	0
EASTMAN CHEM CO COM	COM	277432100	311	2,776	SH		DFND		2,776	0	0
EBAY INC. COM	COM	278642103	33,754	518,422	SH		DFND		33,709	0	484,713
ECOLAB INC COM	COM	278865100	11,388	44,600	SH		DFND		44,600	0	0
EDISON INTL COM	COM	281020107	4,742	54,455	SH		DFND		54,455	0	0
ELECTRONIC ARTS INC COM	COM	285512109	6,726	46,890	SH		DFND		46,890	0	0
ELI LILLY & CO COM	COM	532457108	88,289	99,656	SH		DFND		99,656	0	0
EMCOR GROUP INC COM	COM	29084Q100	8,249	19,161	SH		DFND		19,161	0	0
EMERSON ELEC CO COM	COM	291011104	2,093	19,137	SH		DFND		19,137	0	0
EMPIRE ST RLTY TR INC CL A	CL A	292104106	163	14,755	SH		DFND		14,755	0	0
ENPHASE ENERGY INC COM	COM	29355A107	8,226	72,780	SH		DFND		72,780	0	0
ENTEGRIS INC COM	COM	29362U104	491	4,359	SH		DFND		4,359	0	0
ENTERGY CORP NEW COM	COM	29364G103	751	5,704	SH		DFND		5,704	0	0
EOG RES INC COM	COM	26875P101	10,321	83,956	SH		DFND		83,956	0	0
EQT CORP COM	COM	26884L109	827	22,561	SH		DFND		22,561	0	0
EQUIFAX INC COM	COM	294429105	409	1,393	SH		DFND		1,393	0	0
EQUINIX INC COM	COM	29444U700	4,680	5,273	SH		DFND		5,273	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	540	7,571	SH		DFND		7,571	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	1,011	13,582	SH		DFND		13,582	0	0
ERIE INDTY CO CL A	CL A	29530P102	322	597	SH		DFND		597	0	0
ESSEX PPTY TR INC COM	COM	297178105	677	2,293	SH		DFND		2,293	0	0
EURONET WORLDWIDE INC COM	COM	298736109	860	8,667	SH		DFND		8,667	0	0
EVERGY INC COM	COM	30034W106	366	5,900	SH		DFND		5,900	0	0
EVERSOURCE ENERGY COM	COM	30040W108	1,392	20,461	SH		DFND		20,461	0	0
EXACT SCIENCES CORP COM	COM	30063P105	181	2,660	SH		DFND		2,660	0	0
EXELON CORP COM	COM	30161N101	2,437	60,105	SH		DFND		60,105	0	0
EXPEDIA GROUP INC COM NEW	COM	30212P303	1,384	9,348	SH		DFND		9,348	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	1,576	11,993	SH		DFND		11,993	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	967	5,368	SH		DFND		5,368	0	0
EXXON MOBIL CORP COM	COM	30231G102	30,352	258,930	SH		DFND		258,930	0	0
F5 INC COM	COM	315616102	587	2,664	SH		DFND		2,664	0	0
FACTSET RESH SYS INC COM	COM	303075105	1,124	2,445	SH		DFND		2,445	0	0
FAIR ISAAC CORP COM	COM	303250104	26,142	13,451	SH		DFND		1,050	0	12,401
FASTENAL CO COM	COM	311900104	606	8,482	SH		DFND		8,482	0	0
FEDEX CORP COM	COM	31428X106	4,920	17,977	SH		DFND		17,977	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	319	5,133	SH		DFND		5,133	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	32,364	386,435	SH		DFND		386,435	0	0
FIFTH THIRD BANCORP COM	COM	316773100	429	10,020	SH		DFND		10,020	0	0
FIRST CTZNS BANCSHARES INC N CL A	CL A	31946M103	14,267	7,750	SH		DFND		7,750	0	0
FIRST SOLAR INC COM	COM	336433107	21,755	87,215	SH		DFND		87,215	0	0
FISERV INC COM	COM	337738108	37,602	209,308	SH		DFND		12,428	0	196,880
FORD MTR CO COM	COM	345370860	6,166	583,920	SH		DFND		583,920	0	0
FORTIVE CORP COM	COM	34959J108	2,072	26,255	SH		DFND		26,255	0	0
FOX CORP CL A COM	CL A COM	35137L105	555	13,104	SH		DFND		13,104	0	0
FRANKLIN ELEC INC COM	COM	353514102	58	554	SH		DFND		554	0	0
FRANKLIN STR PPTYS CORP COM	COM	35471R106	628	354,855	SH		DFND		354,855	0	0
FREEPORT-MCMORAN INC CL B	CL B	35671D857	5,680	113,787	SH		DFND		113,787	0	0
FRONTDOOR INC COM	COM	35905A109	6,295	131,180	SH		DFND		131,180	0	0
FS KKR CAP CORP COM	COM	302635206	3,165	160,440	SH		DFND		160,440	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	1,811	6,438	SH		DFND		6,438	0	0
GAMING & LEISURE PPTYS INC COM	COM	36467J108	1,286	24,992	SH		DFND		24,992	0	0
GARTNER INC COM	COM	366651107	6,845	13,508	SH		DFND		13,508	0	0
GENERAL MLS INC COM	COM	370334104	15,932	215,740	SH		DFND		36,888	0	178,852
GENERAL MTRS CO COM	COM	37045V100	8,407	187,499	SH		DFND		187,499	0	0
GIBRALTAR INDS INC COM	COM	374689107	52	747	SH		DFND		747	0	0
GILEAD SCIENCES INC COM	COM	375558103	12,325	147,008	SH		DFND		147,008	0	0
GLOBAL PMTS INC COM	COM	37940X102	205	2,004	SH		DFND		2,004	0	0
GMS INC COM	COM	36251C103	20	224	SH		DFND		224	0	0
GODADDY INC CL A	CL A	380237107	10,265	65,476	SH		DFND		65,476	0	0
GOLDMAN SACHS BDC INC SHS	SHS	38147U107	148	10,778	SH		DFND		10,778	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	7,145	14,432	SH		DFND		14,432	0	0
GOLUB CAP BDC INC COM	COM	38173M102	147	9,714	SH		DFND		9,714	0	0
GRAINGER W W INC COM	COM	384802104	23,089	22,226	SH		DFND		22,226	0	0
GRAND CANYON ED INC COM	COM	38526M106	924	6,515	SH		DFND		6,515	0	0
GRIFFON CORP COM	COM	398433102	967	13,809	SH		DFND		13,809	0	0
HALLIBURTON CO COM	COM	406216101	1,034	35,598	SH		DFND		35,598	0	0
HALOZYME THERAPEUTICS INC COM	COM	40637H109	16,852	294,412	SH		DFND		294,412	0	0
HAMILTON LANE INC CL A	CL A	407497106	161	957	SH		DFND		656	0	301
HARMONY GOLD MINING CO LTD SPONSORED ADR	SPONSORED ADR	413216300	1,215	119,504	SH		DFND		119,504	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	25,893	220,160	SH		DFND		65,089	0	155,071
HCA HEALTHCARE INC COM	COM	40412C101	68,045	167,421	SH		DFND		78,620	0	88,801
HDFC BANK LTD SPONSORED ADS	SPONSORED ADS	40415F101	1,235	19,749	SH		DFND		19,749	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	4,974	217,502	SH		DFND		217,502	0	0
HEICO CORP NEW COM	COM	422806109	458	1,750	SH		DFND		1,750	0	0
HENRY JACK & ASSOC INC COM	COM	426281101	223	1,261	SH		DFND		1,261	0	0
HENRY SCHEIN INC COM	COM	806407102	673	9,233	SH		DFND		9,233	0	0
HERSHEY CO COM	COM	427866108	1,088	5,673	SH		DFND		5,673	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	15,906	777,434	SH		DFND		777,434	0	0
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	2,447	10,618	SH		DFND		10,618	0	0
HOLOGIC INC COM	COM	436440101	1,120	13,751	SH		DFND		13,751	0	0
HOME DEPOT INC COM	COM	437076102	35,492	87,591	SH		DFND		52,561	0	35,030
HONEYWELL INTL INC COM	COM	438516106	6,231	30,142	SH		DFND		30,142	0	0
HORMEL FOODS CORP COM	COM	440452100	903	28,480	SH		DFND		28,480	0	0
HOWMET AEROSPACE INC COM	COM	443201108	3,637	36,279	SH		DFND		36,279	0	0
HP INC COM	COM	40434L105	3,407	94,989	SH		DFND		94,989	0	0
HUBBELL INC COM	COM	443510607	1,040	2,428	SH		DFND		2,428	0	0
HUBSPOT INC COM	COM	443573100	2,371	4,460	SH		DFND		4,460	0	0
HUMANA INC COM	COM	444859102	875	2,764	SH		DFND		2,764	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	219	1,269	SH		DFND		1,269	0	0
HUNTINGTON BANCSHARES INC COM	COM	446150104	1,315	89,446	SH		DFND		89,446	0	0
HUNTINGTON INGALLS INDS INC COM	COM	446413106	604	2,284	SH		DFND		2,284	0	0
ICICI BANK LIMITED ADR	ADR	45104G104	1,339	44,873	SH		DFND		44,873	0	0
IDEX CORP COM	COM	45167R104	855	3,984	SH		DFND		3,984	0	0
IDEXX LABS INC COM	COM	45168D104	13,131	25,991	SH		DFND		8,605	0	17,386
IES HLDGS INC COM	COM	44951W106	3,953	19,803	SH		DFND		19,803	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	6,686	25,511	SH		DFND		25,511	0	0
ILLUMINA INC COM	COM	452327109	2,043	15,667	SH		DFND		15,667	0	0
INCYTE CORP COM	COM	45337C102	776	11,744	SH		DFND		11,744	0	0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT	SH BEN INT	456237106	11	2,300	SH		DFND		2,300	0	0
INFOSYS LTD SPONSORED ADR	SPONSORED ADR	456788108	4,959	222,663	SH		DFND		222,663	0	0
INGERSOLL RAND INC COM	COM	45687V106	4,706	47,940	SH		DFND		47,940	0	0
INGEVITY CORP COM	COM	45688C107	54	1,373	SH		DFND		1,373	0	0
INGREDION INC COM	COM	457187102	1,236	8,991	SH		DFND		8,991	0	0
INNOVATIVE INDL PPTYS INC COM	COM	45781V101	991	7,364	SH		DFND		7,364	0	0
INSTALLED BLDG PRODS INC COM	COM	45780R101	182	740	SH		DFND		740	0	0
INSULET CORP COM	COM	45784P101	616	2,645	SH		DFND		2,645	0	0
INTEL CORP COM	COM	458140100	6,962	296,781	SH		DFND		296,781	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	2,894	18,017	SH		DFND		18,017	0	0
INTERDIGITAL INC COM	COM	45867G101	15,391	108,674	SH		DFND		108,674	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	45,871	207,485	SH		DFND		145,380	0	62,105
INTERNATIONAL FLAVORS&FRAGRA COM	COM	459506101	10,932	104,182	SH		DFND		104,182	0	0
INTERNATIONAL PAPER CO COM	COM	460146103	654	13,391	SH		DFND		13,391	0	0
INTUIT COM	COM	461202103	9,119	14,684	SH		DFND		14,684	0	0
INTUITIVE SURGICAL INC COM NEW	COM NEW	46120E602	11,062	22,517	SH		DFND		22,517	0	0
INVITATION HOMES INC COM	COM	46187W107	1,037	29,403	SH		DFND		29,403	0	0
IQVIA HLDGS INC COM	COM	46266C105	5,626	23,742	SH		DFND		23,742	0	0
IRON MTN INC DEL COM	COM	46284V101	1,802	15,164	SH		DFND		15,164	0	0
ITRON INC COM	COM	465741106	174	1,630	SH		DFND		1,630	0	0
JABIL INC COM	COM	466313103	786	6,559	SH		DFND		6,559	0	0
JOHNSON & JOHNSON COM	COM	478160104	53,222	328,411	SH		DFND		199,079	0	129,332
JONES LANG LASALLE INC COM	COM	48020Q107	3,795	14,067	SH		DFND		14,067	0	0
JOYY INC ADS REPSTG COM A	COM A	46591M109	58	1,612	SH		DFND		1,612	0	0
JPMORGAN CHASE & CO. COM	COM	46625H100	84,480	400,645	SH		DFND		179,023	0	221,622
KAYNE ANDERSON ENERGY INFRST COM	COM	486606106	972	88,385	SH		DFND		88,385	0	0
KB HOME COM	COM	48666K109	268	3,124	SH		DFND		3,124	0	0
KENVUE INC COM	COM	49177J102	1,269	54,856	SH		DFND		54,856	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	2,302	61,418	SH		DFND		61,418	0	0
KEYCORP COM	COM	493267108	722	43,112	SH		DFND		43,112	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	1,591	10,009	SH		DFND		10,009	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	10,313	72,483	SH		DFND		72,483	0	0
KIMCO RLTY CORP COM	COM	49446R109	335	14,426	SH		DFND		14,426	0	0
KINDER MORGAN INC DEL COM	COM	49456B101	2,343	106,057	SH		DFND		106,057	0	0
KKR & CO INC COM	COM	48251W104	6,118	46,850	SH		DFND		44,190	0	2,660
KKR REAL ESTATE FIN TR INC COM	COM	48251K100	2,472	200,155	SH		DFND		200,155	0	0
KLA CORP COM NEW	COM NEW	482480100	62,550	80,771	SH		DFND		35,140	0	45,631
KONTOOR BRANDS INC COM	COM	50050N103	5,343	65,329	SH		DFND		65,329	0	0
KRAFT HEINZ CO COM	COM	500754106	2,266	64,548	SH		DFND		64,548	0	0
KROGER CO COM	COM	501044101	4,457	77,783	SH		DFND		77,783	0	0
LABCORP HOLDINGS INC COM SHS	COM SHS	504922105	918	4,108	SH		DFND		4,108	0	0
LAM RESEARCH CORP COM	COM	512807108	31,560	38,673	SH		DFND		6,887	0	31,786
LAMAR ADVERTISING CO NEW CL A	CL A	512816109	1,324	9,909	SH		DFND		9,909	0	0
LANTHEUS HLDGS INC COM	COM	516544103	10,099	92,017	SH		DFND		92,017	0	0
LAS VEGAS SANDS CORP COM	COM	517834107	1,338	26,572	SH		DFND		26,572	0	0
LEIDOS HOLDINGS INC COM	COM	525327102	1,148	7,043	SH		DFND		7,043	0	0
LENNAR CORP CL A	CL A	526057104	9,978	53,220	SH		DFND		53,220	0	0
LENNOX INTL INC COM	COM	526107107	3,656	6,050	SH		DFND		6,050	0	0
LIBERTY MEDIA CORP DEL COM LBTY ONE S C	ONE S C	531229755	886	11,446	SH		DFND		11,446	0	0
LIVE NATION ENTERTAINMENT IN COM	COM	538034109	651	5,943	SH		DFND		5,943	0	0
LKQ CORP COM	COM	501889208	380	9,514	SH		DFND		9,514	0	0
LOUISIANA PAC CORP COM	COM	546347105	3,974	36,982	SH		DFND		36,982	0	0
LOWES COS INC COM	COM	548661107	41,527	153,322	SH		DFND		153,322	0	0
LPL FINL HLDGS INC COM	COM	50212V100	2,069	8,893	SH		DFND		8,893	0	0
LUCID GROUP INC COM	COM	549498103	35	9,815	SH		DFND		9,815	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	2,288	8,432	SH		DFND		8,432	0	0
M & T BK CORP COM	COM	55261F104	1,229	6,900	SH		DFND		6,900	0	0
MANHATTAN ASSOCIATES INC COM	COM	562750109	755	2,683	SH		DFND		2,683	0	0
MARATHON OIL CORP COM	COM	565849106	363	13,634	SH		DFND		13,634	0	0
MARATHON PETE CORP COM	COM	56585A102	6,213	38,136	SH		DFND		38,136	0	0
MARKEL GROUP INC COM	COM	570535104	317	202	SH		DFND		202	0	0
MARKETAXESS HLDGS INC COM	COM	57060D108	908	3,544	SH		DFND		3,544	0	0
MARRIOTT INTL INC NEW CL A	CL A	571903202	2,288	9,202	SH		DFND		9,202	0	0
MARSH & MCLENNAN COS INC COM	COM	571748102	11,311	50,701	SH		DFND		50,701	0	0
MARTIN MARIETTA MATLS INC COM	COM	573284106	1,304	2,422	SH		DFND		2,422	0	0
MARVELL TECHNOLOGY INC COM	COM	573874104	7,735	107,255	SH		DFND		107,255	0	0
MASCO CORP COM	COM	574599106	12,134	144,556	SH		DFND		144,556	0	0
MASTERCARD INCORPORATED CL A	CL A	57636Q104	80,667	163,359	SH		DFND		114,180	0	49,179
MCCORMICK & CO INC COM NON VTG	COM NON VTG	579780206	1,411	17,141	SH		DFND		17,141	0	0
MCDONALDS CORP COM	COM	580135101	44,580	146,399	SH		DFND		146,399	0	0
MCKESSON CORP COM	COM	58155Q103	9,146	18,499	SH		DFND		18,499	0	0
MEDPACE HLDGS INC COM	COM	58506Q109	6,062	18,162	SH		DFND		18,162	0	0
MERCADOLIBRE INC COM	COM	58733R102	8,965	4,369	SH		DFND		4,369	0	0
MERCK & CO INC COM	COM	58933Y105	49,902	439,436	SH		DFND		439,436	0	0
META PLATFORMS INC CL A	CL A	30303M102	182,295	318,452	SH		DFND		157,366	0	161,086
METLIFE INC COM	COM	59156R108	1,802	21,848	SH		DFND		21,848	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	1,761	1,174	SH		DFND		1,174	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	1,989	24,769	SH		DFND		24,769	0	0
MICRON TECHNOLOGY INC COM	COM	595112103	12,056	116,247	SH		DFND		116,247	0	0
MICROSOFT CORP COM	COM	594918104	360,063	836,771	SH		DFND		836,771	0	0
MICROSTRATEGY INC CL A NEW	CL A	594972408	10,951	64,951	SH		DFND		64,951	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	161	1,016	SH		DFND		1,016	0	0
MIDCAP FINANCIAL INVSTMNT CO COM NEW	COM NEW	03761U502	1,073	80,118	SH		DFND		80,118	0	0
MIDDLESEX WTR CO COM	COM	596680108	44	669	SH		DFND		669	0	0
MODERNA INC COM	COM	60770K107	1,835	27,462	SH		DFND		27,462	0	0
MOHAWK INDS INC COM	COM	608190104	65	404	SH		DFND		404	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	1,022	2,966	SH		DFND		2,966	0	0
MOLSON COORS BEVERAGE CO CL B	CL B	60871R209	958	16,647	SH		DFND		16,647	0	0
MONDELEZ INTL INC CL A	CL A	609207105	3,801	51,595	SH		DFND		51,595	0	0
MONGODB INC CL A	CL A	60937P106	1,226	4,536	SH		DFND		4,536	0	0
MONOLITHIC PWR SYS INC COM	COM	609839105	1,661	1,797	SH		DFND		1,797	0	0
MONROE CAP CORP COM	COM	610335101	785	97,215	SH		DFND		97,215	0	0
MONSTER BEVERAGE CORP NEW COM	COM	61174X109	1,153	22,107	SH		DFND		22,107	0	0
MOODYS CORP COM	COM	615369105	5,024	10,585	SH		DFND		10,585	0	0
MORGAN STANLEY COM NEW	COM NEW	617446448	8,146	78,145	SH		DFND		78,145	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	7,989	17,768	SH		DFND		17,768	0	0
MUELLER INDS INC COM	COM	624756102	2,227	30,056	SH		DFND		30,056	0	0
MURPHY USA INC COM	COM	626755102	53	108	SH		DFND		108	0	0
NASDAQ INC COM	COM	631103108	2,206	30,211	SH		DFND		30,211	0	0
NETAPP INC COM	COM	64110D104	22,473	181,949	SH		DFND		181,949	0	0
NETEASE INC SPONSORED ADS	SPONSORED ADS	64110W102	4,133	44,203	SH		DFND		44,203	0	0
NETFLIX INC COM	COM	64110L106	11,450	16,143	SH		DFND		16,143	0	0
NEUBERGER BERMAN ENERGY INFR COM	COM	64129H104	317	38,758	SH		DFND		38,758	0	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	1,987	17,245	SH		DFND		17,245	0	0
NEW MTN FIN CORP COM	COM	647551100	258	21,554	SH		DFND		21,554	0	0
NEWMONT CORP COM	COM	651639106	13,342	249,621	SH		DFND		249,621	0	0
NEWS CORP NEW CL A	CL A	65249B109	676	25,367	SH		DFND		25,367	0	0
NEXTERA ENERGY INC COM	COM	65339F101	54,852	648,901	SH		DFND		648,901	0	0
NIKE INC CL B	CL B	654106103	2,457	27,789	SH		DFND		27,789	0	0
NIO INC SPON ADS	ADS	62914V106	72	10,728	SH		DFND		10,728	0	0
NISOURCE INC COM	COM	65473P105	356	10,271	SH		DFND		10,271	0	0
NORDSON CORP COM	COM	655663102	507	1,932	SH		DFND		1,932	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	1,439	5,791	SH		DFND		5,791	0	0
NORTHERN TR CORP COM	COM	665859104	753	8,366	SH		DFND		8,366	0	0
NRG ENERGY INC COM NEW	COM NEW	629377508	12,520	137,435	SH		DFND		137,435	0	0
NUCOR CORP COM	COM	670346105	1,414	9,404	SH		DFND		9,404	0	0
NVIDIA CORPORATION COM	COM	67066G104	443,420	3,651,350	SH		DFND		3,059,430	0	591,920
NVR INC COM	COM	62944T105	31,162	3,176	SH		DFND		721	0	2,455
OAKTREE SPECIALTY LENDING CO COM	COM	67401P405	143	8,762	SH		DFND		8,762	0	0
OCCIDENTAL PETE CORP COM	COM	674599105	1,702	33,017	SH		DFND		33,017	0	0
OKTA INC CL A	CL A	679295105	1,458	19,609	SH		DFND		19,609	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	892	4,493	SH		DFND		4,493	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	3,830	52,743	SH		DFND		52,743	0	0
ONEOK INC NEW COM	COM	682680103	3,072	33,705	SH		DFND		33,705	0	0
ORACLE CORP COM	COM	68389X105	59,415	348,678	SH		DFND		115,044	0	233,634
OREILLY AUTOMOTIVE INC COM	COM	67103H107	1,729	1,501	SH		DFND		1,501	0	0
ORMAT TECHNOLOGIES INC COM	COM	686688102	59	768	SH		DFND		768	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	608	5,849	SH		DFND		5,849	0	0
OVINTIV INC COM	COM	69047Q102	1,205	31,458	SH		DFND		31,458	0	0
OWENS CORNING NEW COM	NEW COM	690742101	13,154	74,517	SH		DFND		74,517	0	0
OXFORD LANE CAP CORP COM	COM	691543102	298	56,785	SH		DFND		56,785	0	0
PACCAR INC COM	COM	693718108	10,342	104,806	SH		DFND		104,806	0	0
PALANTIR TECHNOLOGIES INC CL A	CL A	69608A108	2,022	54,368	SH		DFND		54,368	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	14,758	43,176	SH		DFND		43,176	0	0
PARAMOUNT GLOBAL CLASS A COM	COM	92556H107	198	9,043	SH		DFND		9,043	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	5,463	8,646	SH		DFND		8,646	0	0
PAYCHEX INC COM	COM	704326107	37,081	276,333	SH		DFND		276,333	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	3,617	46,354	SH		DFND		46,354	0	0
PDD HOLDINGS INC SPONSORED ADS	SPONSORED ADS	722304102	10,477	77,714	SH		DFND		77,714	0	0
PENNANTPARK INVT CORP COM	COM	708062104	825	118,001	SH		DFND		118,001	0	0
PEPSICO INC COM	COM	713448108	40,426	237,730	SH		DFND		237,730	0	0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR	SPONSORED ADR	71654V408	1,322	91,764	SH		DFND		91,764	0	0
PFIZER INC COM	COM	717081103	32,207	1,112,883	SH		DFND		1,112,883	0	0
PG&E CORP COM	COM	69331C108	2,134	107,930	SH		DFND		107,930	0	0
PHILLIPS 66 COM	COM	718546104	3,586	27,283	SH		DFND		27,283	0	0
PILGRIMS PRIDE CORP COM	COM	72147K108	5,981	129,885	SH		DFND		129,885	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	3,918	21,196	SH		DFND		21,196	0	0
PORTMAN RIDGE FIN CORP COM NEW	NEW COM	73688F201	479	25,811	SH		DFND		25,811	0	0
PPG INDS INC COM	COM	693506107	2,558	19,309	SH		DFND		19,309	0	0
PPL CORP COM	COM	69351T106	944	28,531	SH		DFND		28,531	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	10,829	99,414	SH		DFND		0	0	99,414
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	637	7,419	SH		DFND		7,419	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	81,302	469,409	SH		DFND		469,409	0	0
PROGRESSIVE CORP COM	COM	743315103	59,766	235,520	SH		DFND		118,315	0	117,205
PROLOGIS INC. COM	COM	74340W103	8,032	63,601	SH		DFND		63,601	0	0
PROSPECT CAP CORP COM	COM	74348T102	2,535	473,879	SH		DFND		473,879	0	0
PRUDENTIAL FINL INC COM	COM	744320102	4,813	39,745	SH		DFND		39,745	0	0
PTC INC COM	COM	69370C100	1,078	5,969	SH		DFND		5,969	0	0
PUBLIC STORAGE OPER CO COM	COM	74460D109	1,986	5,457	SH		DFND		5,457	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	2,847	31,917	SH		DFND		31,917	0	0
PULTE GROUP INC COM	COM	745867101	473	3,298	SH		DFND		3,298	0	0
PURE STORAGE INC CL A	CL A	74624M102	1,827	36,374	SH		DFND		36,374	0	0
QORVO INC COM	COM	74736K101	637	6,164	SH		DFND		6,164	0	0
QUALCOMM INC COM	COM	747525103	52,716	310,004	SH		DFND		179,585	0	130,419
QUALYS INC COM	COM	74758T303	934	7,270	SH		DFND		7,270	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	1,253	8,071	SH		DFND		8,071	0	0
RAYMOND JAMES FINL INC COM	COM	754730109	214	1,751	SH		DFND		1,751	0	0
RAYONIER INC COM	COM	754907103	60	1,856	SH		DFND		1,856	0	0
REALTY INCOME CORP COM	COM	756109104	2,307	36,384	SH		DFND		36,384	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	3,492	3,322	SH		DFND		3,322	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	554	23,743	SH		DFND		23,743	0	0
REINSURANCE GRP OF AMERICA I COM NEW	COM NEW	759351604	3,206	14,716	SH		DFND		14,716	0	0
RELIANCE INC COM	COM	759509102	723	2,499	SH		DFND		2,499	0	0
REPUBLIC SVCS INC COM	COM	760759100	11,747	58,488	SH		DFND		58,488	0	0
RESMED INC COM	COM	761152107	1,515	6,205	SH		DFND		6,205	0	0
REVVITY INC COM	COM	714046109	270	2,115	SH		DFND		2,115	0	0
RIVIAN AUTOMOTIVE INC COM CL A	COM CL A	76954A103	101	9,006	SH		DFND		9,006	0	0
ROBINHOOD MKTS INC COM CL A	COM CL A	770700102	3,490	149,005	SH		DFND		149,005	0	0
ROCKWELL AUTOMATION INC COM	COM	773903109	1,629	6,069	SH		DFND		6,069	0	0
ROKU INC COM CL A	CL A	77543R102	554	7,418	SH		DFND		7,418	0	0
ROLLINS INC COM	COM	775711104	889	17,570	SH		DFND		17,570	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	1,600	2,875	SH		DFND		2,875	0	0
ROSS STORES INC COM	COM	778296103	1,891	12,566	SH		DFND		12,566	0	0
ROYAL CARIBBEAN GROUP COM	COM	V7780T103	8,506	47,960	SH		DFND		47,960	0	0
RPM INTL INC COM	COM	749685103	713	5,893	SH		DFND		5,893	0	0
S&P GLOBAL INC COM	COM	78409V104	31,277	60,542	SH		DFND		60,542	0	0
SALESFORCE INC COM	COM	79466L302	33,594	122,735	SH		DFND		122,735	0	0
SAMSARA INC COM CL A	COM CL A	79589L106	470	9,770	SH		DFND		9,770	0	0
SAP SE SPON ADR	SPON ADR	803054204	246	1,073	SH		DFND		1,073	0	0
SARATOGA INVT CORP COM NEW	NEW COM	80349A208	1,307	56,365	SH		DFND		56,365	0	0
SBA COMMUNICATIONS CORP NEW CL A	CL A	78410G104	1,756	7,297	SH		DFND		7,297	0	0
SCHLUMBERGER LTD COM STK	COM STK	806857108	3,709	88,422	SH		DFND		88,422	0	0
SCHWAB CHARLES CORP COM	COM	808513105	2,500	38,578	SH		DFND		38,578	0	0
SEA LTD SPONSORD ADS	SPONSORED ADS	81141R100	5,220	55,371	SH		DFND		55,371	0	0
SEI INVTS CO COM	COM	784117103	1,241	17,932	SH		DFND		17,932	0	0
SEMPRA COM	COM	816851109	656	7,841	SH		DFND		7,841	0	0
SERIES PORTFOLIOS TR PANAGRAM BBB B	COM	81752T528	1,056	39,278	SH		DFND		39,278	0	0
SERVICE CORP INTL COM	COM	817565104	24,757	313,652	SH		DFND		313,652	0	0
SERVICENOW INC COM	COM	81762P102	22,744	25,430	SH		DFND		25,430	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	20,200	52,925	SH		DFND		52,925	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	8,370	49,522	SH		DFND		49,522	0	0
SIXTH STREET SPECIALTY LENDI COM	COM	83012A109	133	6,469	SH		DFND		6,469	0	0
SKECHERS U S A INC CL A	CL A	830566105	1,251	18,687	SH		DFND		18,687	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	786	7,955	SH		DFND		7,955	0	0
SLR INVESTMENT CORP COM	COM	83413U100	957	63,592	SH		DFND		63,592	0	0
SM ENERGY CO COM	COM	78454L100	1,039	26,002	SH		DFND		26,002	0	0
SMITH A O CORP COM	COM	831865209	560	6,229	SH		DFND		6,229	0	0
SMUCKER J M CO COM NEW	COM NEW	832696405	134	1,105	SH		DFND		1,105	0	0
SNAP INC CL A	CL A	83304A106	481	44,971	SH		DFND		44,971	0	0
SNAP ON INC COM	COM	833034101	616	2,126	SH		DFND		2,126	0	0
SOUTHERN CO COM	COM	842587107	2,812	31,180	SH		DFND		31,180	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	2,484	22,499	SH		DFND		22,499	0	0
SS&C TECHNOLOGIES HLDGS INC COM	COM	78467J100	399	5,376	SH		DFND		5,376	0	0
STANLEY BLACK & DECKER INC COM	COM	854502101	635	5,764	SH		DFND		5,764	0	0
STARBUCKS CORP COM	COM	855244109	3,026	31,041	SH		DFND		31,041	0	0
STATE STR CORP COM	COM	857477103	1,601	18,092	SH		DFND		18,092	0	0
STEEL DYNAMICS INC COM	COM	858119100	21,075	167,152	SH		DFND		54,479	0	112,673
STEPSTONE GROUP INC COM CL A	COM CL A	85914M107	197	3,475	SH		DFND		2,563	0	912
STMICROELECTRONICS N V NY REGISTRY	NY REGISTRY	861012102	83	2,798	SH		DFND		2,798	0	0
STRYKER CORPORATION COM	COM	863667101	8,245	22,824	SH		DFND		22,824	0	0
SUN CMNTYS INC COM	COM	866674104	173	1,280	SH		DFND		1,280	0	0
SUNRUN INC COM	COM	86771W105	1,517	83,985	SH		DFND		83,985	0	0
SUPER MICRO COMPUTER INC COM	COM	86800U104	550	1,320	SH		DFND		1,320	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	1,407	28,217	SH		DFND		28,217	0	0
SYNOPSYS INC COM	COM	871607107	24,088	47,569	SH		DFND		9,944	0	37,625
SYSCO CORP COM	COM	871829107	8,117	103,986	SH		DFND		103,986	0	0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	SPONSORED ADR	874039100	9,799	56,423	SH		DFND		56,423	0	0
TAKE-TWO INTERACTIVE SOFTWAR COM	COM	874054109	128	835	SH		DFND		835	0	0
TARGA RES CORP COM	COM	87612G101	4,658	31,473	SH		DFND		31,473	0	0
TENET HEALTHCARE CORP COM NEW	COM NEW	88033G407	20,153	121,255	SH		DFND		121,255	0	0
TERADYNE INC COM	COM	880770102	345	2,579	SH		DFND		2,579	0	0
TEREX CORP NEW COM	COM	880779103	2,238	42,303	SH		DFND		42,303	0	0
TESLA INC COM	COM	88160R101	48,594	185,735	SH		DFND		185,735	0	0
TETRA TECH INC NEW COM	COM	88162G103	464	9,843	SH		DFND		9,843	0	0
TEXAS INSTRS INC COM	COM	882508104	13,122	63,525	SH		DFND		63,525	0	0
TEXAS ROADHOUSE INC COM	COM	882681109	4,908	27,791	SH		DFND		27,791	0	0
TEXTRON INC COM	COM	883203101	580	6,545	SH		DFND		6,545	0	0
TFI INTL INC COM	COM	87241L109	4,744	34,657	SH		DFND		34,657	0	0
THE CIGNA GROUP COM	COM	125523100	10,247	29,579	SH		DFND		29,579	0	0
THE TRADE DESK INC COM CL A	COM CL A	88339J105	1,796	16,380	SH		DFND		16,380	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	7,795	12,601	SH		DFND		12,601	0	0
TJX COS INC NEW COM	COM	872540109	51,761	440,365	SH		DFND		246,427	0	193,938
T-MOBILE US INC COM	COM	872590104	19,259	93,325	SH		DFND		93,325	0	0
TOAST INC CL A	CL A	888787108	181	6,379	SH		DFND		6,379	0	0
TOLL BROTHERS INC COM	COM	889478103	973	6,300	SH		DFND		6,300	0	0
TOPBUILD CORP COM	COM	89055F103	494	1,214	SH		DFND		1,214	0	0
TORO CO COM	COM	891092108	664	7,658	SH		DFND		7,658	0	0
TPG INC COM CL A	COM CL A	872657101	242	4,198	SH		DFND		3,383	0	815
TRACTOR SUPPLY CO COM	COM	892356106	1,390	4,779	SH		DFND		4,779	0	0
TRADEWEB MKTS INC CL A	CL A	892672106	480	3,884	SH		DFND		3,884	0	0
TRANSDIGM GROUP INC COM	COM	893641100	5,604	3,927	SH		DFND		3,927	0	0
TRANSUNION COM	COM	89400J107	548	5,232	SH		DFND		5,232	0	0
TRIP COM GROUP LTD ADS	ADS	89677Q107	12,451	209,510	SH		DFND		209,510	0	0
TRUIST FINL CORP COM	COM	89832Q109	2,333	54,552	SH		DFND		54,552	0	0
TWILIO INC CL A	CL A	90138F102	1,329	20,377	SH		DFND		20,377	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	414	710	SH		DFND		710	0	0
TYSON FOODS INC CL A	CL A	902494103	3,315	55,653	SH		DFND		55,653	0	0
UBER TECHNOLOGIES INC COM	COM	90353T100	15,780	209,951	SH		DFND		209,951	0	0
UIPATH INC CL A	CL A	90364P105	241	18,799	SH		DFND		18,799	0	0
ULTA BEAUTY INC COM	COM	90384S303	1,484	3,813	SH		DFND		3,813	0	0
UNION PAC CORP COM	COM	907818108	13,398	54,357	SH		DFND		54,357	0	0
UNITED PARCEL SERVICE INC CL B	CL B	911312106	2,170	15,918	SH		DFND		15,918	0	0
UNITED RENTALS INC COM	COM	911363109	22,844	28,212	SH		DFND		28,212	0	0
UNITED THERAPEUTICS CORP DEL COM	COM	91307C102	25,184	70,278	SH		DFND		70,278	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	128,174	219,220	SH		DFND		137,187	0	82,033
UNIVERSAL HLTH SVCS INC CL B	CL B	913903100	192	840	SH		DFND		840	0	0
UNUM GROUP COM	COM	91529Y106	991	16,667	SH		DFND		16,667	0	0
US BANCORP DEL COM NEW	COM NEW	902973304	2,353	51,444	SH		DFND		51,444	0	0
VALERO ENERGY CORP COM	COM	91913Y100	4,352	32,230	SH		DFND		32,230	0	0
VEEVA SYS INC CL A COM	COM	922475108	822	3,915	SH		DFND		3,915	0	0
VENTAS INC COM	COM	92276F100	6,115	95,355	SH		DFND		95,355	0	0
VERALTO CORP COM SHS	COM SHS	92338C103	1,880	16,810	SH		DFND		16,810	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	972	3,628	SH		DFND		3,628	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	72,159	1,606,745	SH		DFND		1,014,155	0	592,590
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	9,220	19,824	SH		DFND		19,824	0	0
VERTIV HOLDINGS CO COM CL A	COM CL A	92537N108	12,037	120,988	SH		DFND		120,988	0	0
VIATRIS INC COM	COM	92556V106	1,976	170,207	SH		DFND		170,207	0	0
VICI PPTYS INC COM	COM	925652109	3,856	115,765	SH		DFND		115,765	0	0
VISA INC COM CL A	CL A	92826C839	82,267	299,207	SH		DFND		299,207	0	0
VISTRA CORP COM	COM	92840M102	14,997	126,518	SH		DFND		126,518	0	0
VULCAN MATLS CO COM	COM	929160109	1,615	6,449	SH		DFND		6,449	0	0
WABTEC COM	COM	929740108	7,819	43,017	SH		DFND		43,017	0	0
WALMART INC COM	COM	931142103	51,544	638,319	SH		DFND		638,319	0	0
WARNER BROS DISCOVERY INC COM SER A	COM SER A	934423104	8,794	1,065,923	SH		DFND		1,065,923	0	0
WASTE CONNECTIONS INC COM	COM	94106B101	570	3,188	SH		DFND		3,188	0	0
WASTE MGMT INC DEL COM	COM	94106L109	4,972	23,948	SH		DFND		23,948	0	0
WATERS CORP COM	COM	941848103	763	2,119	SH		DFND		2,119	0	0
WATSCO INC COM	COM	942622200	296	601	SH		DFND		601	0	0
WEC ENERGY GROUP INC COM	COM	92939U106	1,681	17,473	SH		DFND		17,473	0	0
WELLS FARGO CO NEW COM	COM	949746101	752	13,317	SH		DFND		13,317	0	0
WELLTOWER INC COM	COM	95040Q104	3,997	31,220	SH		DFND		31,220	0	0
WEST FRASER TIMBER CO LTD COM	COM	952845105	241	2,473	SH		DFND		2,473	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	1,250	4,163	SH		DFND		4,163	0	0
WESTERN DIGITAL CORP. COM	COM	958102105	4,602	67,386	SH		DFND		67,386	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM NEW	962166104	5,562	164,272	SH		DFND		164,272	0	0
WHITEHORSE FIN INC COM	COM	96524V106	469	40,499	SH		DFND		40,499	0	0
WILLIAMS COS INC COM	COM	969457100	2,392	52,397	SH		DFND		52,397	0	0
WILLIAMS SONOMA INC COM	COM	969904101	13,956	90,087	SH		DFND		90,087	0	0
WIPRO LTD SPON ADR 1 SH	SPONSORED ADR	97651M109	722	111,449	SH		DFND		111,449	0	0
WORKDAY INC CL A	CL A	98138H101	5,323	21,777	SH		DFND		21,777	0	0
WYNN RESORTS LTD COM	COM	983134107	652	6,805	SH		DFND		6,805	0	0
XCEL ENERGY INC COM	COM	98389B100	651	9,972	SH		DFND		9,972	0	0
XYLEM INC COM	COM	98419M100	5,854	43,356	SH		DFND		43,356	0	0
YUM BRANDS INC COM	COM	988498101	743	5,316	SH		DFND		5,316	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CL A	989207105	434	1,172	SH		DFND		1,172	0	0
ZILLOW GROUP INC CL A	CL A	98954M101	186	3,002	SH		DFND		3,002	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	710	6,578	SH		DFND		6,578	0	0
ZOETIS INC CL A	CL A	98978V103	6,471	33,120	SH		DFND		33,120	0	0
ZOOM VIDEO COMMUNICATIONS IN CL A	CL A	98980L101	6,477	92,879	SH		DFND		92,879	0	0
ZSCALER INC COM	COM	98980G102	5,240	30,655	SH		DFND		30,655	0	0