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
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc COM 00206R102   66,870,920 3,473,814 SH   DFND 1 0 3,473,814 0
Abbott Laboratories COM 002824100   55,815,525 551,210 SH   DFND 1 0 551,210 0
AbbVie Inc COM 00287Y109   27,851,023 174,757 SH   DFND 1 0 174,757 0
Adobe Inc COM 00724F101   110,021,979 285,497 SH   DFND 1 0 285,497 0
Advance Auto Parts Inc COM 00751Y106   790,465 6,500 SH   DFND 1 0 6,500 0
Advanced Drainage Systems Inc COM 00790R104   33,836,589 401,812 SH   DFND 1 0 401,812 0
Agilent Technologies Inc COM 00846U101   4,762,078 34,423 SH   DFND 1 0 34,423 0
Alphabet Inc CAP STK CL C 02079K107   239,512 2,303 SH   DFND 1 0 2,303 0
Alphabet Inc CAP STK CL A 02079K305   315,885,442 3,045,266 SH   DFND 1 0 3,045,266 0
Amazon.com Inc COM 023135106   158,551,080 1,535,009 SH   DFND 1 0 1,535,009 0
American Tower Corp COM 03027X100   18,287,408 89,495 SH   DFND 1 0 89,495 0
AmerisourceBergen Corp COM 03073E105   1,489,023 9,300 SH   DFND 1 0 9,300 0
AMETEK Inc COM 031100100   23,263,554 160,074 SH   DFND 1 0 160,074 0
Amgen Inc COM 031162100   4,399,850 18,200 SH   DFND 1 0 18,200 0
Amphenol Corp CL A 032095101   41,971,474 513,601 SH   DFND 1 0 513,601 0
Analog Devices Inc COM 032654105   96,562,659 489,619 SH   DFND 1 0 489,619 0
ANSYS Inc COM 03662Q105   47,323,162 142,197 SH   DFND 1 0 142,197 0
Elevance Health Inc COM 036752103   1,839,240 4,000 SH   DFND 1 0 4,000 0
Apollo Global Management Inc COM 03769M106   66,843,807 1,058,325 SH   DFND 1 0 1,058,325 0
Apple Inc COM 037833100   545,836,809 3,310,108 SH   DFND 1 0 3,310,108 0
Applied Materials Inc COM 038222105   78,030,583 635,273 SH   DFND 1 0 635,273 0
Archer-Daniels-Midland Co COM 039483102   1,776,418 22,300 SH   DFND 1 0 22,300 0
Autodesk Inc COM 052769106   28,750,643 138,118 SH   DFND 1 0 138,118 0
Automatic Data Processing Inc COM 053015103   1,803,303 8,100 SH   DFND 1 0 8,100 0
BJ's Wholesale Club Holdings Inc COM 05550J101   70,283,507 923,932 SH   DFND 1 0 923,932 0
Baker Hughes Co CL A 05722G100   50,904,192 1,763,832 SH   DFND 1 0 1,763,832 0
Bank of America Corp COM 060505104   52,229,492 1,826,206 SH   DFND 1 0 1,826,206 0
Berkshire Hathaway Inc CL B NEW 084670702   115,400,626 373,743 SH   DFND 1 0 373,743 0
Best Buy Co Inc COM 086516101   806,181 10,300 SH   DFND 1 0 10,300 0
BlackRock Inc COM 09247X101   1,338,240 2,000 SH   DFND 1 0 2,000 0
Booking Holdings Inc COM 09857L108   43,640,102 16,453 SH   DFND 1 0 16,453 0
Boston Scientific Corp COM 101137107   21,068,033 421,108 SH   DFND 1 0 421,108 0
Bristol-Myers Squibb Co COM 110122108   4,144,738 59,800 SH   DFND 1 0 59,800 0
Broadridge Financial Solutions Inc COM 11133T103   1,553,642 10,600 SH   DFND 1 0 10,600 0
Broadcom Inc COM 11135F101   54,224,885 84,523 SH   DFND 1 0 84,523 0
Brunswick Corp/DE COM 117043109   52,290,908 637,694 SH   DFND 1 0 637,694 0
CSX Corp COM 126408103   1,434,126 47,900 SH   DFND 1 0 47,900 0
Cadence Design Systems Inc COM 127387108   51,213,009 243,767 SH   DFND 1 0 243,767 0
Campbell Soup Co COM 134429109   1,347,010 24,500 SH   DFND 1 0 24,500 0
Canadian National Railway Co COM 136375102   1,838,746 15,600 SH   DFND 1 0 15,600 0
Cardinal Health Inc COM 14149Y108   1,419,400 18,800 SH   DFND 1 0 18,800 0
Carlisle Cos Inc COM 142339100   38,622,477 170,843 SH   DFND 1 0 170,843 0
Carrier Global Corp COM 14448C104   1,624,125 35,500 SH   DFND 1 0 35,500 0
Chevron Corp COM 166764100   41,119,910 252,022 SH   DFND 1 0 252,022 0
Church & Dwight Co Inc COM 171340102   1,653,267 18,700 SH   DFND 1 0 18,700 0
Cisco Systems Inc COM 17275R102   4,171,545 79,800 SH   DFND 1 0 79,800 0
Clean Harbors Inc COM 184496107   69,226,566 485,596 SH   DFND 1 0 485,596 0
Coca-Cola Co/The COM 191216100   51,126,243 824,218 SH   DFND 1 0 824,218 0
Coca-Cola Femsa SAB de CV SPONSORD ADR REP 191241108   1,553,071 19,300 SH   DFND 1 0 19,300 0
Colgate-Palmolive Co COM 194162103   26,325,270 350,303 SH   DFND 1 0 350,303 0
Comcast Corp CL A 20030N101   1,243,448 32,800 SH   DFND 1 0 32,800 0
ConocoPhillips COM 20825C104   23,106,406 232,904 SH   DFND 1 0 232,904 0
Copart Inc COM 217204106   53,169,108 706,942 SH   DFND 1 0 706,942 0
Crane NXT Co COM 224441105   1,135,000 10,000 SH   DFND 1 0 10,000 0
Cummins Inc COM 231021106   1,289,952 5,400 SH   DFND 1 0 5,400 0
DR Horton Inc COM 23331A109   44,995,330 460,593 SH   DFND 1 0 460,593 0
Danaher Corp COM 235851102   82,785,562 328,462 SH   DFND 1 0 328,462 0
Darden Restaurants Inc COM 237194105   1,551,600 10,000 SH   DFND 1 0 10,000 0
Deere & Co COM 244199105   1,403,792 3,400 SH   DFND 1 0 3,400 0
Dell Technologies Inc CL C 24703L202   952,977 23,700 SH   DFND 1 0 23,700 0
Dover Corp COM 260003108   1,139,550 7,500 SH   DFND 1 0 7,500 0
Eagle Materials Inc COM 26969P108   59,346,727 404,407 SH   DFND 1 0 404,407 0
Eastman Chemical Co COM 277432100   1,265,100 15,000 SH   DFND 1 0 15,000 0
Emerson Electric Co COM 291011104   1,420,382 16,300 SH   DFND 1 0 16,300 0
EnLink Midstream LLC COM UNIT REP LTD 29336T100   938,744 86,600 SH   DFND 1 0 86,600 0
Enterprise Products Partners LP COM 293792107   1,473,710 56,900 SH   DFND 1 0 56,900 0
Expeditors International of Washington Inc COM 302130109   1,607,752 14,600 SH   DFND 1 0 14,600 0
Exxon Mobil Corp COM 30231G102   134,809,534 1,229,341 SH   DFND 1 0 1,229,341 0
FMC Corp COM NEW 302491303   1,343,430 11,000 SH   DFND 1 0 11,000 0
Meta Platforms Inc CL A 30303M102   197,832,850 933,438 SH   DFND 1 0 933,438 0
Fastenal Co COM 311900104   61,088,884 1,132,534 SH   DFND 1 0 1,132,534 0
Franco-Nevada Corp COM 351858105   1,529,890 10,500 SH   DFND 1 0 10,500 0
FRANKLIN FTSE BRAZIL ETF FTSE BRAZIL 35473P835   1,112,002 66,230 SH   DFND   0 66,230 0
Freeport-McMoRan Inc CL B 35671D857   77,526,496 1,895,050 SH   DFND 1 0 1,895,050 0
Gartner Inc COM 366651107   41,834,406 128,417 SH   DFND 1 0 128,417 0
General Mills Inc COM 370334104   1,623,740 19,000 SH   DFND 1 0 19,000 0
Genuine Parts Co COM 372460105   2,593,305 15,500 SH   DFND 1 0 15,500 0
WW Grainger Inc COM 384802104   1,928,668 2,800 SH   DFND 1 0 2,800 0
Grocery Outlet Holding Corp COM 39874R101   375,152 13,275 SH   DFND   0 13,275 0
HP Inc COM 40434L105   965,615 32,900 SH   DFND 1 0 32,900 0
Jack Henry & Associates Inc COM 426281101   1,175,616 7,800 SH   DFND 1 0 7,800 0
Home Depot Inc/The COM 437076102   51,008,541 172,840 SH   DFND 1 0 172,840 0
Honeywell International Inc COM 438516106   1,758,304 9,200 SH   DFND 1 0 9,200 0
Houlihan Lokey Inc CL A 441593100   1,041,131 11,900 SH   DFND 1 0 11,900 0
Hubbell Inc COM 443510607   1,435,529 5,900 SH   DFND 1 0 5,900 0
Huntington Ingalls Industries Inc COM 446413106   1,180,014 5,700 SH   DFND 1 0 5,700 0
Huntsman Corp COM 447011107   880,992 32,200 SH   DFND 1 0 32,200 0
ITT Inc COM 45073V108   1,104,640 12,800 SH   DFND 1 0 12,800 0
IDEXX Laboratories Inc COM 45168D104   44,099,555 88,185 SH   DFND 1 0 88,185 0
Illinois Tool Works Inc COM 452308109   1,728,495 7,100 SH   DFND 1 0 7,100 0
Ingersoll Rand Inc COM 45687V106   60,717,812 1,043,620 SH   DFND 1 0 1,043,620 0
Ingredion Inc COM 457187102   1,159,722 11,400 SH   DFND 1 0 11,400 0
Interpublic Group of Cos Inc/The COM 460690100   1,709,316 45,900 SH   DFND 1 0 45,900 0
Intuit Inc COM 461202103   85,737,121 192,309 SH   DFND 1 0 192,309 0
Intuitive Surgical Inc COM NEW 46120E602   63,177,986 247,301 SH   DFND 1 0 247,301 0
Invesco WilderHill Clean Energy ETF WILDERHIL CLAN 46137V134   5,293,468 130,994 SH   DFND 1 0 130,994 0
Invesco DB Agriculture Fund AGRICULTURE FD 46140H106   1,460,888 71,507 SH   DFND 1 0 71,507 0
ISHARES MSCI AUSTRALIA ETF MSCI AUST ETF 464286103   463,628 20,114 SH   DFND   0 20,114 0
ISHARES MSCI BRAZIL ETF MSCI BRAZIL ETF 464286400   2,758,795 100,870 SH   DFND   0 100,870 0
ISHARES MSCI CANADA ETF MSCI CDA ETF 464286509   654,929 18,945 SH   DFND   0 18,945 0
iShares MSCI Canada ETF MSCI CDA ETF 464286509   7,295,106 213,432 SH   DFND 1 0 213,432 0
ISHARES MSCI EUROZONE ETF MSCI EURZONE ETF 464286608   572,397 12,594 SH   DFND   0 12,594 0
ISHARES MSCI CHILE ETF MSCI CHILE ETF 464286640   2,042,413 74,081 SH   DFND   0 74,081 0
ISHARES MSCI FRANCE ETF MSCI FRANCE ETF 464286707   767,848 20,106 SH   DFND   0 20,106 0
ISHARES CORE S&P 500 ETF CORE S&P500 ETF 464287200   560,024 1,361 SH   DFND   0 1,361 0
ISHARES S&P 500 VALUE ETF S&P 500 VAL ETF 464287408   6,359,991 41,994 SH   DFND   0 41,994 0
ISHARES U.S. INDUSTRIALS ETF US INDUSTRIALS 464287754   1,786,020 18,234 SH   DFND   0 18,234 0
ISHARES EUROPE ETF EUROPE ETF 464287861   4,863,920 96,030 SH   DFND   0 96,030 0
ISHARES MSCI ALL COUNTRY ASI MSCI AC ASIA ETF 464288182   3,652,613 53,794 SH   DFND   0 53,794 0
ISHARES MSCI ACWI ETF MSCI ACWI ETF 464288257   399,616 4,376 SH   DFND   0 4,376 0
iShares MBS ETF MBS ETF 464288588   32,010,901 338,060 SH   DFND   0 338,060 0
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF ISHS 1-5YR INVS 464288646   34,339,228 679,581 SH   DFND   0 679,581 0
ISHARES MSCI INDONESIA ETF MSCI INDONIA ETF 46429B309   292,028 12,432 SH   DFND   0 12,432 0
ISHARES MSCI CHINA ETF MSCI CHINA ETF 46429B671   597,778 12,069 SH   DFND   0 12,069 0
ISHARES MSCI TAIWAN ETF MSCI TAIWAN ETF 46434G772   2,503,832 55,715 SH   DFND   0 55,715 0
ISHARES MSCI SINGAPORE ETF MSCI SINGPOR ETF 46434G780   529,385 26,509 SH   DFND   0 26,509 0
ISHARES MSCI JAPAN ETF MSCI JPN ETF NEW 46434G822   2,218,988 38,464 SH   DFND   0 38,464 0
ISHARES MSCI UNITED KINGDOM MSCI UK ETF NEW 46435G334   1,236,124 37,379 SH   DFND   0 37,379 0
JPMorgan Chase & Co COM 46625H100   106,488,811 817,196 SH   DFND 1 0 817,196 0
JPMORGAN BETABUILDERS JAPAN BETABULDRS JAPAN 46641Q217   1,221,358 25,648 SH   DFND   0 25,648 0
Johnson & Johnson COM 478160104   82,871,835 534,657 SH   DFND 1 0 534,657 0
KLA Corp COM NEW 482480100   57,413,020 143,831 SH   DFND 1 0 143,831 0
KKR & Co Inc COM 48251W104   65,984,395 1,256,367 SH   DFND 1 0 1,256,367 0
Kellogg Co COM 487836108   1,205,280 18,000 SH   DFND 1 0 18,000 0
Kroger Co/The COM 501044101   1,609,462 32,600 SH   DFND 1 0 32,600 0
Lam Research Corp COM 512807108   2,226,504 4,200 SH   DFND 1 0 4,200 0
Lamar Advertising Co CL A 512816109   1,288,581 12,900 SH   DFND 1 0 12,900 0
Estee Lauder Cos Inc/The CL A 518439104   51,654,566 209,586 SH   DFND 1 0 209,586 0
Leggett & Platt Inc COM 524660107   825,692 25,900 SH   DFND 1 0 25,900 0
Lennox International Inc COM 526107107   1,105,632 4,400 SH   DFND 1 0 4,400 0
Eli Lilly & Co COM 532457108   85,232,723 248,188 SH   DFND 1 0 248,188 0
Lincoln Electric Holdings Inc COM 533900106   1,386,620 8,200 SH   DFND 1 0 8,200 0
Lockheed Martin Corp COM 539830109   76,228,185 161,251 SH   DFND 1 0 161,251 0
Lowe's Cos Inc COM 548661107   1,639,754 8,200 SH   DFND 1 0 8,200 0
Lululemon Athletica Inc COM 550021109   31,297,396 85,937 SH   DFND 1 0 85,937 0
MKS Instruments Inc COM 55306N104   850,752 9,600 SH   DFND 1 0 9,600 0
Manulife Financial Corp COM 56501R106   1,543,413 84,200 SH   DFND 1 0 84,200 0
Markel Corp COM 570535104   36,924,813 28,906 SH   DFND 1 0 28,906 0
Mastercard Inc CL A 57636Q104   118,148,952 325,112 SH   DFND 1 0 325,112 0
McDonald's Corp COM 580135101   2,041,153 7,300 SH   DFND 1 0 7,300 0
Merck & Co Inc COM 58933Y105   125,233,158 1,177,114 SH   DFND 1 0 1,177,114 0
Microsoft Corp COM 594918104   506,743,180 1,757,694 SH   DFND 1 0 1,757,694 0
Micron Technology Inc COM 595112103   49,171,549 814,908 SH   DFND 1 0 814,908 0
Mondelez International Inc CL A 609207105   29,789,334 427,271 SH   DFND 1 0 427,271 0
Monster Beverage Corp COM 61174X109   77,471,134 1,434,385 SH   DFND 1 0 1,434,385 0
Moody's Corp COM 615369105   63,152,429 206,367 SH   DFND 1 0 206,367 0
Morgan Stanley COM NEW 617446448   36,645,964 417,380 SH   DFND 1 0 417,380 0
Motorola Solutions Inc COM NEW 620076307   16,482,805 57,606 SH   DFND 1 0 57,606 0
National Fuel Gas Co COM 636180101   767,942 13,300 SH   DFND 1 0 13,300 0
National Instruments Corp COM 636518102   1,153,020 22,000 SH   DFND 1 0 22,000 0
Netflix Inc COM 64110L106   89,919,807 260,275 SH   DFND 1 0 260,275 0
NextEra Energy Inc COM 65339F101   82,817,219 1,074,432 SH   DFND 1 0 1,074,432 0
NIKE Inc CL B 654106103   72,667,266 592,525 SH   DFND 1 0 592,525 0
NVIDIA Corp COM 67066G104   140,797,446 506,885 SH   DFND 1 0 506,885 0
Omnicom Group Inc COM 681919106   1,179,250 12,500 SH   DFND 1 0 12,500 0
Open Text Corp COM 683715106   1,267,657 32,900 SH   DFND 1 0 32,900 0
Otis Worldwide Corp COM 68902V107   1,358,840 16,100 SH   DFND 1 0 16,100 0
PACCAR Inc COM 693718108   1,526,220 20,850 SH   DFND 1 0 20,850 0
Packaging Corp of America COM 695156109   1,055,108 7,600 SH   DFND 1 0 7,600 0
Paychex Inc COM 704326107   1,180,277 10,300 SH   DFND 1 0 10,300 0
Paycom Software Inc COM 70432V102   336,235 1,106 SH   DFND 1 0 1,106 0
Pembina Pipeline Corp COM 706327103   1,375,254 42,500 SH   DFND 1 0 42,500 0
PepsiCo Inc COM 713448108   23,030,871 126,335 SH   DFND 1 0 126,335 0
Polaris Inc COM 731068102   730,158 6,600 SH   DFND 1 0 6,600 0
Pool Corp COM 73278L105   55,238,312 161,308 SH   DFND 1 0 161,308 0
T Rowe Price Group Inc COM 74144T108   1,151,580 10,200 SH   DFND 1 0 10,200 0
Procter & Gamble Co/The COM 742718109   45,894,358 308,658 SH   DFND 1 0 308,658 0
Progressive Corp/The COM 743315103   62,990,319 440,307 SH   DFND 1 0 440,307 0
Prudential Financial Inc COM 744320102   1,365,210 16,500 SH   DFND 1 0 16,500 0
Public Storage COM 74460D109   1,359,630 4,500 SH   DFND 1 0 4,500 0
Raytheon Technologies Corp COM 75513E101   1,890,049 19,300 SH   DFND 1 0 19,300 0
Regal Rexnord Corp COM 758750103   45,736,969 324,998 SH   DFND 1 0 324,998 0
ResMed Inc COM 761152107   1,401,536 6,400 SH   DFND 1 0 6,400 0
Robert Half International Inc COM 770323103   1,079,638 13,400 SH   DFND 1 0 13,400 0
S&P Global Inc COM 78409V104   63,569,727 184,383 SH   DFND 1 0 184,383 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103   6,044,615 14,757 SH   DFND   0 14,757 0
SPDR Portfolio Intermediate Term Corporate Bond ETF PORTFOLIO INTRMD 78464A375   45,566,289 1,402,903 SH   DFND   0 1,402,903 0
SPDR Portfolio Mortgage Backed Bond ETF PORT MTG BK ETF 78464A383   32,832,834 1,482,295 SH   DFND   0 1,482,295 0
SPDR PORT S&P 500 VALUE PRTFLO S&P500 VL 78464A508   3,243,356 79,807 SH   DFND   0 79,807 0
SPDR S&P 500 ESG ETF S&P 500 ESG ETF 78468R531   717,074 18,140 SH   DFND   0 18,140 0
Salesforce Inc COM 79466L302   113,781,902 569,536 SH   DFND 1 0 569,536 0
Schlumberger NV COM STK 806857108   34,143,649 695,390 SH   DFND 1 0 695,390 0
MATERIALS SELECT SECTOR SPDR SBI MATERIALS 81369Y100   1,815,107 22,686 SH   DFND   0 22,686 0
HEALTH CARE SELECT SECTOR SBI HEALTHCARE 81369Y209   10,494,003 78,648 SH   DFND   0 78,648 0
CONSUMER STAPLES SPDR SBI CONS STPLS 81369Y308   4,074,037 54,061 SH   DFND   0 54,061 0
CONSUMER DISCRETIONARY SELT SBI CONS DISCR 81369Y407   10,410,293 71,514 SH   DFND   0 71,514 0
ENERGY SELECT SECTOR SPDR ENERGY 81369Y506   6,323,250 73,818 SH   DFND   0 73,818 0
FINANCIAL SELECT SECTOR SPDR FINANCIAL 81369Y605   8,183,507 255,256 SH   DFND   0 255,256 0
INDUSTRIAL SELECT SECT SPDR SBI INT-INDS 81369Y704   5,916,147 59,965 SH   DFND   0 59,965 0
TECHNOLOGY SELECT SECT SPDR TECHNOLOGY 81369Y803   29,545,313 198,304 SH   DFND   0 198,304 0
REAL ESTATE SELECT SECT SPDR RL EST SEL SEC 81369Y860   1,194,399 32,030 SH   DFND   0 32,030 0
UTILITIES SELECT SECTOR SPDR SBI INT-UTILS 81369Y886   1,809,260 25,969 SH   DFND   0 25,969 0
Skyworks Solutions Inc COM 83088M102   1,356,770 11,500 SH   DFND 1 0 11,500 0
A O Smith Corp COM 831865209   1,286,190 18,600 SH   DFND 1 0 18,600 0
J M Smucker Co/The COM NEW 832696405   1,526,489 9,700 SH   DFND 1 0 9,700 0
Snap-on Inc COM 833034101   1,826,986 7,400 SH   DFND 1 0 7,400 0
Starbucks Corp COM 855244109   49,394,378 474,353 SH   DFND 1 0 474,353 0
Stryker Corp COM 863667101   98,015,554 343,348 SH   DFND 1 0 343,348 0
Sun Life Financial Inc COM 866796105   1,493,388 32,000 SH   DFND 1 0 32,000 0
Synopsys Inc COM 871607107   27,884,933 72,194 SH   DFND 1 0 72,194 0
Sysco Corp COM 871829107   1,366,971 17,700 SH   DFND 1 0 17,700 0
T-Mobile US Inc COM 872590104   77,275,182 533,521 SH   DFND 1 0 533,521 0
Tesla Inc COM 88160R101   71,926,382 346,700 SH   DFND 1 0 346,700 0
Texas Instruments Inc COM 882508104   80,880,310 434,817 SH   DFND 1 0 434,817 0
Thermo Fisher Scientific Inc COM 883556102   16,700,897 28,976 SH   DFND 1 0 28,976 0
Tractor Supply Co COM 892356106   84,492,649 359,482 SH   DFND 1 0 359,482 0
Ulta Beauty Inc COM 90384S303   65,466,213 119,974 SH   DFND 1 0 119,974 0
Union Pacific Corp COM 907818108   25,274,835 125,583 SH   DFND 1 0 125,583 0
United Parcel Service Inc CL B 911312106   2,114,491 10,900 SH   DFND 1 0 10,900 0
UnitedHealth Group Inc COM 91324P102   171,252,438 362,370 SH   DFND 1 0 362,370 0
Valmont Industries Inc COM 920253101   1,149,408 3,600 SH   DFND 1 0 3,600 0
VANECK MORNINGSTAR WIDE MOAT MRNGSTR WDE MOAT 92189F643   8,099,566 111,029 SH   DFND   0 111,029 0
VANGUARD FTSE EUROPE ETF FTSE EUROPE ETF 922042874   2,578,059 41,872 SH   DFND   0 41,872 0
VANGUARD CONSUMER STAPLE ETF CONSUM STP ETF 92204A207   2,896,984 14,867 SH   DFND   0 14,867 0
VANGUARD FINANCIALS ETF FINANCIALS ETF 92204A405   3,412,736 44,115 SH   DFND   0 44,115 0
VANGUARD HEALTH CARE ETF HEALTH CAR ETF 92204A504   9,181,634 37,473 SH   DFND   0 37,473 0
VANGUARD COMMUNICATION SERVI COMM SRVC ETF 92204A884   7,683,886 78,407 SH   DFND   0 78,407 0
Vanguard Short-Term Corporate Bond ETF SHRT TRM CORP BD 92206C409   39,084,722 512,721 SH   DFND   0 512,721 0
Vanguard Mortgage-Backed Securities ETF MTG-BKD SECS ETF 92206C771   21,769,014 467,648 SH   DFND   0 467,648 0
Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363   21,739,042 57,840 SH   DFND   0 57,840 0
VANGUARD VALUE ETF VALUE ETF 922908744   2,405,732 17,259 SH   DFND   0 17,259 0
Visa Inc COM CL A 92826C839   161,477,834 716,215 SH   DFND 1 0 716,215 0
Walmart Inc COM 931142103   2,079,045 14,100 SH   DFND 1 0 14,100 0
Walgreens Boots Alliance Inc COM 931427108   947,492 27,400 SH   DFND 1 0 27,400 0
Waste Connections Inc COM 94106B101   49,682,758 357,250 SH   DFND 1 0 357,250 0
Watsco Inc COM 942622200   1,304,456 4,100 SH   DFND 1 0 4,100 0
Wells Fargo & Co COM 949746101   89,430,155 2,392,460 SH   DFND 1 0 2,392,460 0
Western Midstream Partners LP COM UNIT LP INT 958669103   1,073,259 40,700 SH   DFND 1 0 40,700 0
Westrock Co COM 96145D105   837,925 27,500 SH   DFND 1 0 27,500 0
Whirlpool Corp COM 963320106   884,534 6,700 SH   DFND 1 0 6,700 0
Workday Inc CL A 98138H101   15,249,468 73,833 SH   DFND 1 0 73,833 0
YETI Holdings Inc COM 98585X104   16,703,840 417,596 SH   DFND 1 0 417,596 0
Deutsche Bank AG NAMEN AKT D18190898   100,129 9,834 SH   DFND   0 9,834 0
Deutsche Bank AG NAMEN AKT D18190898   372,307 36,632 SH   DFND 1 0 36,632 0
Allegion plc ORD SHS G0176J109   1,238,068 11,600 SH   DFND 1 0 11,600 0
Amdocs Ltd SHS G02602103   1,257,993 13,100 SH   DFND 1 0 13,100 0
Aon PLC SHS CL A G0403H108   64,947,218 205,992 SH   DFND 1 0 205,992 0
Accenture PLC SHS CLASS A G1151C101   3,829,854 13,400 SH   DFND 1 0 13,400 0
Eaton Corp PLC SHS G29183103   67,427,088 393,528 SH   DFND 1 0 393,528 0
Ferguson PLC SHS G3421J106   53,461,079 399,709 SH   DFND 1 0 399,709 0
Johnson Controls International plc SHS G51502105   1,216,444 20,200 SH   DFND 1 0 20,200 0
Linde PLC SHS G54950103   87,074,269 244,976 SH   DFND 1 0 244,976 0
Medtronic PLC SHS G5960L103   2,531,468 31,400 SH   DFND 1 0 31,400 0
Seagate Technology Holdings PLC ORD SHS G7997R103   747,156 11,300 SH   DFND 1 0 11,300 0
Trane Technologies PLC SHS G8994E103   1,784,606 9,700 SH   DFND 1 0 9,700 0
Alcon Inc ORD SHS H01301128   9,151,082 129,084 SH   DFND 1 0 129,084 0
UBS Group AG SHS H42097107   295,493 13,984 SH   DFND   0 13,984 0
UBS Group AG SHS H42097107   19,521,759 923,615 SH   DFND 1 0 923,615 0
CNH Industrial NV SHS N20944109   4,314,152 282,061 SH   DFND 1 0 282,061 0
Ferrari NV COM N3167Y103   8,265,532 30,521 SH   DFND 1 0 30,521 0
LyondellBasell Industries NV SHS - A - N53745100   1,164,236 12,400 SH   DFND 1 0 12,400 0
QIAGEN NV SHS NEW N72482123   2,412,603 52,993 SH   DFND 1 0 52,993 0
Stellantis NV SHS N82405106   6,569,341 361,430 SH   DFND   0 361,430 0
Stellantis NV SHS N82405106   15,699,031 863,931 SH   DFND 1 0 863,931 0