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
A O SMITH ORD COM 831865209   387,183 4,328 SH   DFND 1, 2 4,328 0 0
A O SMITH ORD COM 831865209   387,272 4,329 SH   DFND 1 4,329 0 0
ALLEGION ORD ORD SHS G0176J109   332,060 2,465 SH   DFND 1, 2 2,465 0 0
ALLEGION ORD ORD SHS G0176J109   332,060 2,465 SH   DFND 1 2,465 0 0
ALPHABET CL A ORD CAP STK CL A 02079K305   24,840,210 164,581 SH   DFND 1, 2 164,581 0 0
ALPHABET CL A ORD CAP STK CL A 02079K305   30,849,488 204,396 SH   DFND 1 204,396 0 0
AMAZON COM ORD COM 023135106   34,993,540 193,999 SH   DFND 1, 2 193,999 0 0
AMAZON COM ORD COM 023135106   43,254,042 239,794 SH   DFND 1 239,794 0 0
AON CL A ORD SHS CL A G0403H108   34,163,584 102,372 SH   DFND 1, 2 102,372 0 0
AON CL A ORD SHS CL A G0403H108   17,037,741 51,054 SH   DFND 1 51,054 0 0
ASSURANT ORD COM 04621X108   367,444 1,952 SH   DFND 1, 2 1,952 0 0
ASSURANT ORD COM 04621X108   367,633 1,953 SH   DFND 1 1,953 0 0
ATMOS ENERGY ORD COM 049560105   356,491 2,999 SH   DFND 1, 2 2,999 0 0
ATMOS ENERGY ORD COM 049560105   356,491 2,999 SH   DFND 1 2,999 0 0
AUTOMATIC DATA PROCESSING ORD COM 053015103   336,150 1,346 SH   DFND 1, 2 1,346 0 0
AUTOMATIC DATA PROCESSING ORD COM 053015103   336,400 1,347 SH   DFND 1 1,347 0 0
AUTOZONE ORD COM 053332102   397,108 126 SH   DFND 1, 2 126 0 0
AUTOZONE ORD COM 053332102   397,108 126 SH   DFND 1 126 0 0
BERKSHIRE HATHAWAY CL B ORD CL B NEW 084670702   39,983,042 95,080 SH   DFND 1, 2 95,080 0 0
BERKSHIRE HATHAWAY CL B ORD CL B NEW 084670702   50,541,878 120,189 SH   DFND 1 120,189 0 0
CATERPILLAR ORD COM 149123101   399,775 1,091 SH   DFND 1, 2 1,091 0 0
CATERPILLAR ORD COM 149123101   399,775 1,091 SH   DFND 1 1,091 0 0
CDW ORD COM 12514G108   362,184 1,416 SH   DFND 1, 2 1,416 0 0
CDW ORD COM 12514G108   362,440 1,417 SH   DFND 1 1,417 0 0
CENCORA ORD COM 03073E105   357,195 1,470 SH   DFND 1, 2 1,470 0 0
CENCORA ORD COM 03073E105   357,195 1,470 SH   DFND 1 1,470 0 0
CENTENE ORD COM 15135B101   338,092 4,308 SH   DFND 1, 2 4,308 0 0
CENTENE ORD COM 15135B101   337,935 4,306 SH   DFND 1 4,306 0 0
CHUBB ORD COM H1467J104   354,231 1,367 SH   DFND 1, 2 1,367 0 0
CHUBB ORD COM H1467J104   354,490 1,368 SH   DFND 1 1,368 0 0
CIGNA ORD COM 125523100   364,280 1,003 SH   DFND 1, 2 1,003 0 0
CIGNA ORD COM 125523100   363,916 1,002 SH   DFND 1 1,002 0 0
CME GROUP CL A ORD COM 12572Q105   347,478 1,614 SH   DFND 1, 2 1,614 0 0
CME GROUP CL A ORD COM 12572Q105   347,478 1,614 SH   DFND 1 1,614 0 0
COCA-COLA ORD COM 191216100   347,931 5,687 SH   DFND 1, 2 5,687 0 0
COCA-COLA ORD COM 191216100   347,869 5,686 SH   DFND 1 5,686 0 0
COGNIZANT TECHNOLOGY SOLUTN CL A ORD CL A 192446102   326,654 4,457 SH   DFND 1, 2 4,457 0 0
COGNIZANT TECHNOLOGY SOLUTN CL A ORD CL A 192446102   326,800 4,459 SH   DFND 1 4,459 0 0
COMCAST CL A ORD CL A 20030N101   357,941 8,257 SH   DFND 1, 2 8,257 0 0
COMCAST CL A ORD CL A 20030N101   357,941 8,257 SH   DFND 1 8,257 0 0
CONOCOPHILLIPS ORD COM 20825C104   394,441 3,099 SH   DFND 1, 2 3,099 0 0
CONOCOPHILLIPS ORD COM 20825C104   394,695 3,101 SH   DFND 1 3,101 0 0
COTERRA ENERGY ORD COM 127097103   388,954 13,951 SH   DFND 1, 2 13,951 0 0
COTERRA ENERGY ORD COM 127097103   389,065 13,955 SH   DFND 1 13,955 0 0
CSX ORD COM 126408103   346,011 9,334 SH   DFND 1, 2 9,334 0 0
CSX ORD COM 126408103   345,900 9,331 SH   DFND 1 9,331 0 0
CVS HEALTH ORD COM 126650100   36,071,141 452,246 SH   DFND 1, 2 452,246 0 0
CVS HEALTH ORD COM 126650100   54,188,944 679,400 SH   DFND 1 679,400 0 0
ELEVANCE HEALTH ORD COM 036752103   348,459 672 SH   DFND 1, 2 672 0 0
ELEVANCE HEALTH ORD COM 036752103   348,459 672 SH   DFND 1 672 0 0
EQT ORD COM 26884L109   375,482 10,129 SH   DFND 1, 2 10,129 0 0
EQT ORD COM 26884L109   375,816 10,138 SH   DFND 1 10,138 0 0
ERICSSON SPON ADR REP 1 CL B ORD ADR B SEK 10 294821608   23,687,104 4,298,930 SH   DFND 1, 2 4,298,930 0 0
ERICSSON SPON ADR REP 1 CL B ORD ADR B SEK 10 294821608   26,327,337 4,778,101 SH   DFND 1 4,778,101 0 0
EXPEDITORS INTNL OF WASHTN CL A ORD COM 302130109   360,941 2,969 SH   DFND 1, 2 2,969 0 0
EXPEDITORS INTNL OF WASHTN CL A ORD COM 302130109   360,698 2,967 SH   DFND 1 2,967 0 0
F5 ORD COM 315616102   357,756 1,887 SH   DFND 1, 2 1,887 0 0
F5 ORD COM 315616102   357,946 1,888 SH   DFND 1 1,888 0 0
FEDEX ORD COM 31428X106   416,067 1,436 SH   DFND 1, 2 1,436 0 0
FEDEX ORD COM 31428X106   416,067 1,436 SH   DFND 1 1,436 0 0
GARMIN ORD SHS H2906T109   416,092 2,795 SH   DFND 1, 2 2,795 0 0
GARMIN ORD SHS H2906T109   415,943 2,794 SH   DFND 1 2,794 0 0
GENERAL DYNAMICS ORD COM 369550108   359,892 1,274 SH   DFND 1, 2 1,274 0 0
GENERAL DYNAMICS ORD COM 369550108   359,892 1,274 SH   DFND 1 1,274 0 0
GENERAL ELECTRIC ORD COM NEW 369604301   31,444,620 179,141 SH   DFND 1, 2 179,141 0 0
GENERAL ELECTRIC ORD COM NEW 369604301   38,166,892 217,438 SH   DFND 1 217,438 0 0
GLOBE LIFE ORD COM 37959E102   317,108 2,725 SH   DFND 1, 2 2,725 0 0
GLOBE LIFE ORD COM 37959E102   317,108 2,725 SH   DFND 1 2,725 0 0
HARTFORD FINANCIAL SERVICES GRUP ORD COM 416515104   378,503 3,673 SH   DFND 1, 2 3,673 0 0
HARTFORD FINANCIAL SERVICES GRUP ORD COM 416515104   378,709 3,675 SH   DFND 1 3,675 0 0
HOME DEPOT ORD COM 437076102   363,653 948 SH   DFND 1, 2 948 0 0
HOME DEPOT ORD COM 437076102   363,653 948 SH   DFND 1 948 0 0
HUBBELL ORD COM 443510607   399,693 963 SH   DFND 1, 2 963 0 0
HUBBELL ORD COM 443510607   399,693 963 SH   DFND 1 963 0 0
HUNTINGTON INGALLS INDUSTRIES ORD COM 446413106   350,347 1,202 SH   DFND 1, 2 1,202 0 0
HUNTINGTON INGALLS INDUSTRIES ORD COM 446413106   350,055 1,201 SH   DFND 1 1,201 0 0
IDEX ORD COM 45167R104   366,762 1,503 SH   DFND 1, 2 1,503 0 0
IDEX ORD COM 45167R104   366,762 1,503 SH   DFND 1 1,503 0 0
ILLINOIS TOOL ORD COM 452308109   360,099 1,342 SH   DFND 1, 2 1,342 0 0
ILLINOIS TOOL ORD COM 452308109   360,099 1,342 SH   DFND 1 1,342 0 0
INTEL ORD COM 458140100   35,672,443 807,617 SH   DFND 1, 2 807,617 0 0
INTEL ORD COM 458140100   70,850,005 1,604,030 SH   DFND 1 1,604,030 0 0
JACOBS SOLUTIONS ORD COM 46982L108   360,804 2,347 SH   DFND 1, 2 2,347 0 0
JACOBS SOLUTIONS ORD COM 46982L108   360,804 2,347 SH   DFND 1 2,347 0 0
JOHNSON & JOHNSON ORD COM 478160104   344,063 2,175 SH   DFND 1, 2 2,175 0 0
JOHNSON & JOHNSON ORD COM 478160104   344,221 2,176 SH   DFND 1 2,176 0 0
KROGER ORD COM 501044101   406,880 7,122 SH   DFND 1, 2 7,122 0 0
KROGER ORD COM 501044101   406,823 7,121 SH   DFND 1 7,121 0 0
LAMB WESTON HOLDINGS ORD COM 513272104   358,047 3,361 SH   DFND 1, 2 3,361 0 0
LAMB WESTON HOLDINGS ORD COM 513272104   358,154 3,362 SH   DFND 1 3,362 0 0
LOEWS ORD COM 540424108   362,404 4,629 SH   DFND 1, 2 4,629 0 0
LOEWS ORD COM 540424108   362,483 4,630 SH   DFND 1 4,630 0 0
MARSH & MCLENNAN ORD COM 571748102   350,166 1,700 SH   DFND 1, 2 1,700 0 0
MARSH & MCLENNAN ORD COM 571748102   350,372 1,701 SH   DFND 1 1,701 0 0
MARTIN MARIETTA MATERIALS ORD COM 573284106   395,377 644 SH   DFND 1, 2 644 0 0
MARTIN MARIETTA MATERIALS ORD COM 573284106   395,377 644 SH   DFND 1 644 0 0
MASCO ORD COM 574599106   370,105 4,692 SH   DFND 1, 2 4,692 0 0
MASCO ORD COM 574599106   370,420 4,696 SH   DFND 1 4,696 0 0
MCKESSON ORD COM 58155Q103   361,300 673 SH   DFND 1, 2 673 0 0
MCKESSON ORD COM 58155Q103   361,300 673 SH   DFND 1 673 0 0
MERCK & CO ORD COM 58933Y105   77,468,769 587,107 SH   DFND 1, 2 587,107 0 0
MERCK & CO ORD COM 58933Y105   97,706,336 740,480 SH   DFND 1 740,480 0 0
MICROSOFT ORD COM 594918104   153,417,231 364,654 SH   DFND 1, 2 364,654 0 0
MICROSOFT ORD COM 594918104   161,587,193 384,073 SH   DFND 1 384,073 0 0
MOLINA HEALTHCARE ORD COM 60855R100   353,314 860 SH   DFND 1, 2 860 0 0
MOLINA HEALTHCARE ORD COM 60855R100   353,314 860 SH   DFND 1 860 0 0
MOLSON COORS BEVERAGE COMPA CL B ORD CL B 60871R209   366,244 5,446 SH   DFND 1, 2 5,446 0 0
MOLSON COORS BEVERAGE COMPA CL B ORD CL B 60871R209   365,504 5,435 SH   DFND 1 5,435 0 0
NVR ORD COM 62944T105   372,598 46 SH   DFND 1, 2 46 0 0
NVR ORD COM 62944T105   372,598 46 SH   DFND 1 46 0 0
O REILLY AUTOMOTIVE ORD COM 67103H107   371,402 329 SH   DFND 1, 2 329 0 0
O REILLY AUTOMOTIVE ORD COM 67103H107   371,402 329 SH   DFND 1 329 0 0
PACCAR ORD COM 693718108   396,324 3,199 SH   DFND 1, 2 3,199 0 0
PACCAR ORD COM 693718108   396,572 3,201 SH   DFND 1 3,201 0 0
PACKAGING CORP OF AMERICA ORD COM 695156109   379,940 2,002 SH   DFND 1, 2 2,002 0 0
PACKAGING CORP OF AMERICA ORD COM 695156109   379,750 2,001 SH   DFND 1 2,001 0 0
PAYCHEX ORD COM 704326107   339,419 2,764 SH   DFND 1, 2 2,764 0 0
PAYCHEX ORD COM 704326107   339,665 2,766 SH   DFND 1 2,766 0 0
PPG INDUSTRIES ORD COM 693506107   352,397 2,432 SH   DFND 1, 2 2,432 0 0
PPG INDUSTRIES ORD COM 693506107   352,542 2,433 SH   DFND 1 2,433 0 0
PROCTER & GAMBLE ORD COM 742718109   20,790,715 128,140 SH   DFND 1, 2 128,140 0 0
PROCTER & GAMBLE ORD COM 742718109   25,465,462 156,952 SH   DFND 1 156,952 0 0
PROGRESSIVE ORD COM 743315103   372,483 1,801 SH   DFND 1, 2 1,801 0 0
PROGRESSIVE ORD COM 743315103   372,690 1,802 SH   DFND 1 1,802 0 0
REGENERON PHARMACEUTICALS ORD COM 75886F107   348,421 362 SH   DFND 1, 2 362 0 0
REGENERON PHARMACEUTICALS ORD COM 75886F107   348,421 362 SH   DFND 1 362 0 0
RELIANCE ORD COM 759509102   31,114,497 93,107 SH   DFND 1, 2 93,107 0 0
RELIANCE ORD COM 759509102   39,017,854 116,757 SH   DFND 1 116,757 0 0
RENAISSANCERE ORD COM G7496G103   20,145,596 85,715 SH   DFND 1, 2 85,715 0 0
RENAISSANCERE ORD COM G7496G103   85,835,541 365,211 SH   DFND 1 365,211 0 0
SAFETY INSURANCE GROUP ORD COM 78648T100   84,388,665 1,026,751 SH   DFND 1, 2 1,026,751 0 0
SAFETY INSURANCE GROUP ORD COM 78648T100   67,028,657 815,533 SH   DFND 1 815,533 0 0
SHERWIN WILLIAMS ORD COM 824348106   33,982,420 97,839 SH   DFND 1, 2 97,839 0 0
SHERWIN WILLIAMS ORD COM 824348106   42,422,886 122,140 SH   DFND 1 122,140 0 0
SNAP ON ORD COM 833034101   379,162 1,280 SH   DFND 1, 2 1,280 0 0
SNAP ON ORD COM 833034101   379,458 1,281 SH   DFND 1 1,281 0 0
TOYOTA MOTOR ADR REP 10 ORD ADS 892331307   33,343,573 132,484 SH   DFND 1, 2 132,484 0 0
TOYOTA MOTOR ADR REP 10 ORD ADS 892331307   45,408,106 180,420 SH   DFND 1 180,420 0 0
TRAVELERS COMPANIES ORD COM 89417E109   360,629 1,567 SH   DFND 1, 2 1,567 0 0
TRAVELERS COMPANIES ORD COM 89417E109   360,860 1,568 SH   DFND 1 1,568 0 0
UNITEDHEALTH GRP ORD COM 91324P102   326,007 659 SH   DFND 1, 2 659 0 0
UNITEDHEALTH GRP ORD COM 91324P102   326,007 659 SH   DFND 1 659 0 0
VERISK ANALYTICS ORD COM 92345Y106   41,152,565 174,575 SH   DFND 1 174,575 0 0
WALMART ORD COM 931142103   21,086,276 350,445 SH   DFND 1, 2 350,445 0 0
WALMART ORD COM 931142103   25,798,309 428,757 SH   DFND 1 428,757 0 0
WR BERKLEY ORD COM 084423102   367,380 4,154 SH   DFND 1, 2 4,154 0 0
WR BERKLEY ORD COM 084423102   367,468 4,155 SH   DFND 1 4,155 0 0
WW GRAINGER ORD COM 384802104   29,536,288 29,034 SH   DFND 1, 2 29,034 0 0
WW GRAINGER ORD COM 384802104   36,174,171 35,559 SH   DFND 1 35,559 0 0