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
BARRICK GOLD CORP COM 067901108   814 45,000 SH   DFND   45,000 0 0
ALPHABET INC-CL A COM 02079K305   7,194 51,500 SH   DFND   51,500 0 0
AMAZON.COM INC COM 023135106   2,051 13,500 SH   DFND   13,500 0 0
AMERICAN WATER WORKS CO INC COM 030420103   1,320 10,000 SH   DFND   10,000 0 0
APPLE INC COM 037833100   5,006 26,000 SH   DFND   26,000 0 0
APPLIED MATERIALS INC COM 038222105   1,945 12,000 SH   DFND   12,000 0 0
ATMOS ENERGY CORP COM 049560105   695 6,000 SH   DFND   6,000 0 0
BOYD GAMING CORP COM 103304101   814 13,000 SH   DFND   13,000 0 0
CACI INTERNATIONAL INC -CL A CL A 127190304   648 2,000 SH   DFND   2,000 0 0
WALT DISNEY CO/THE COM 254687106   1,445 16,000 SH   DFND   16,000 0 0
DOLLAR GENERAL CORP COM 256677105   544 4,000 SH   DFND   4,000 0 0
EASTGROUP PROPERTIES INC COM 277276101   2,202 12,000 SH   DFND   12,000 0 0
EXLSERVICE HOLDINGS INC COM 302081104   679 22,000 SH   DFND   22,000 0 0
EXXON MOBIL CORP COM 30231G102   5,899 59,000 SH   DFND   59,000 0 0
FEDERAL SIGNAL CORP COM 313855108   767 10,000 SH   DFND   10,000 0 0
GLOBUS MEDICAL INC - A CL A 379577208   762 14,300 SH   DFND   14,300 0 0
INTEGRA LIFESCIENCES HOLDING COM NEW 457985208   131 3,000 SH   DFND   3,000 0 0
INTUIT INC COM 461202103   2,938 4,700 SH   DFND   4,700 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602   2,530 7,500 SH   DFND   7,500 0 0
ISHARES MSCI KOKUSAI ETF MSCI KOKUSAI ETF 464288265   14,285 144,700 SH   DFND   144,700 0 0
ISHARES CORE US REIT ETF CRE U S REIT ETF 464288521   928 17,100 SH   DFND   17,100 0 0
J & J SNACK FOODS CORP COM 466032109   669 4,000 SH   DFND   4,000 0 0
LAMB WESTON HOLDINGS INC COM 513272104   2,000 18,500 SH   DFND   18,500 0 0
LANCASTER COLONY CORP COM 513847103   715 4,300 SH   DFND   4,300 0 0
REPUBLIC SERVICES INC COM 760759100   495 3,000 SH   DFND   3,000 0 0
SALESFORCE INC COM 79466L302   2,631 10,000 SH   DFND   10,000 0 0
TECHNOLOGY SELECT SECT SPDR TECHNOLOGY 81369Y803   2,829 14,700 SH   DFND   14,700 0 0
SERVICE CORP INTERNATIONAL COM 817565104   1,027 15,000 SH   DFND   15,000 0 0
XYLEM INC COM 98419M100   2,745 24,000 SH   DFND   24,000 0 0
ETSY INC COM 29786A106   973 12,000 SH   DFND   12,000 0 0
META PLATFORMS INC-CLASS A CL A 30303M102   885 2,500 SH   DFND   2,500 0 0
UNITEDHEALTH GROUP INC COM 91324P102   2,685 5,100 SH   DFND   5,100 0 0
HELEN OF TROY LTD COM G4388N106   966 8,000 SH   DFND   8,000 0 0
MICROSOFT CORP COM 594918104   6,017 16,000 SH   DFND   16,000 0 0
NEOGENOMICS INC COM NEW 64049M209   777 48,000 SH   DFND   48,000 0 0
ISHARES RUSSELL 2000 ETF RUSSELL 2000 ETF 464287655   743 3,700 SH   DFND   3,700 0 0
WEST PHARMACEUTICAL SERVICES COM 955306105   1,408 4,000 SH   DFND   4,000 0 0
ITRON INC COM 465741106   906 12,000 SH   DFND   12,000 0 0
WD-40 CO COM 929236107   837 3,500 SH   DFND   3,500 0 0
OTIS WORLDWIDE CORP COM 68902V107   2,281 25,500 SH   DFND   25,500 0 0
JPMORGAN CHASE & CO COM 46625H100   4,253 25,000 SH   DFND   25,000 0 0
ROYAL GOLD INC COM 780287108   605 5,000 SH   DFND   5,000 0 0
CHART INDUSTRIES INC COM 16115Q308   750 5,500 SH   DFND   5,500 0 0
BOOT BARN HOLDINGS INC COM 099406100   844 11,000 SH   DFND   11,000 0 0
OFG BANCORP COM 67103X102   1,012 27,000 SH   DFND   27,000 0 0
LIVANOVA PLC SHS G5509L101   880 17,000 SH   DFND   17,000 0 0
EVERTEC INC COM 30040P103   1,433 35,000 SH   DFND   35,000 0 0
RTX CORP COM 75513E101   2,104 25,000 SH   DFND   25,000 0 0
COSTCO WHOLESALE CORP COM 22160K105   1,320 2,000 SH   DFND   2,000 0 0
ISHARES CORE S&P SMALL-CAP E CORE S&P SCP ETF 464287804   2,815 26,000 SH   DFND   26,000 0 0
SCHLUMBERGER LTD COM 806857108   468 9,000 SH   DFND   9,000 0 0
INTERFACE INC COM 458665304   505 40,000 SH   DFND   40,000 0 0
ZOETIS INC CL A 98978V103   197 1,000 SH   DFND   1,000 0 0
TARGET CORP COM 87612E106   855 6,000 SH   DFND   6,000 0 0
ANSYS INC COM 03662Q105   1,452 4,000 SH   DFND   4,000 0 0
ANI PHARMACEUTICALS INC COM 00182C103   221 4,000 SH   DFND   4,000 0 0
MARSH & MCLENNAN COS COM 571748102   1,989 10,500 SH   DFND   10,500 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108   695 24,000 SH   DFND   24,000 0 0
CISCO SYSTEMS INC COM 17275R102   960 19,000 SH   DFND   19,000 0 0
MCDONALD'S CORP COM 580135101   2,372 8,000 SH   DFND   8,000 0 0
PROCTER & GAMBLE CO/THE COM 742718109   659 4,500 SH   DFND   4,500 0 0
AUTOZONE INC COM 053332102   2,327 900 SH   DFND   900 0 0
OLLIE'S BARGAIN OUTLET HOLDI COM 681116109   873 11,500 SH   DFND   11,500 0 0
BLOCK INC CL A 852234103   1,083 14,000 SH   DFND   14,000 0 0
GILEAD SCIENCES INC COM 375558103   729 9,000 SH   DFND   9,000 0 0
TESLA INC COM 88160R101   944 3,800 SH   DFND   3,800 0 0
VANGUARD S&P SMALL-CAP 600 E SMLLCP 600 IDX 921932828   17,338 174,800 SH   DFND   174,800 0 0
JOHNSON & JOHNSON COM 478160104   2,821 18,000 SH   DFND   18,000 0 0
BADGER METER INC COM 056525108   617 4,000 SH   DFND   4,000 0 0
STERIS PLC SHS USD G8473T100   1,319 6,000 SH   DFND   6,000 0 0
NVIDIA CORP COM 67066G104   1,882 3,800 SH   DFND   3,800 0 0
MICRON TECHNOLOGY INC COM 595112103   427 5,000 SH   DFND   5,000 0 0
FORTIVE CORP COM 34959J108   736 10,000 SH   DFND   10,000 0 0
SPS COMMERCE INC COM 78463M107   775 4,000 SH   DFND   4,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100   758 5,500 SH   DFND   5,500 0 0
SPDR PORTFOLIO S&P 600 SMALL PORTFOLIO S&P600 78468R853   3,821 90,585 SH   DFND   90,585 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   1,607 23,500 SH   DFND   23,500 0 0
CHUBB LTD COM H1467J104   1,017 4,500 SH   DFND   4,500 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,235 29,000 SH   DFND   29,000 0 0
ELI LILLY & CO COM 532457108   1,341 2,300 SH   DFND   2,300 0 0
VANGUARD S&P 500 ETF S&P 500 ETF SHS 922908363   1,747 4,000 SH   DFND   4,000 0 0
SERVICENOW INC COM 81762P102   1,201 1,700 SH   DFND   1,700 0 0
PROLOGIS INC COM 74340W103   1,733 13,000 SH   DFND   13,000 0 0
INVESCO S&P 500 EQUAL WEIGHT S&P500 EQL WGT 46137V357   24,617 156,000 SH   DFND   156,000 0 0