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

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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
ALCON AG ORD SHS H01301128 787 11,289 SH   DFND   11,289 0 0
ALPHABET INC CAP STK CL A 02079K305 484 222 SH   DFND   222 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 586 25,908 SH   DFND   25,908 0 0
BILIBILI INC SPONS ADS REP Z 090040106 234 9,142 SH   DFND   9,142 0 0
BIONTECH SE SPONSORED ADS 09075V102 209 1,400 SH   DFND   1,400 0 0
CNH INDL N V SHS N20944109 1,279 111,050 SH   DFND   111,050 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 4,847 854,899 SH   DFND   854,899 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898 449 51,702 SH   DFND   51,702 0 0
FERGUSON PLC NEW SHS G3421J106 1,229 11,052 SH   DFND   11,052 0 0
FERRARI N V COM N3167Y103 7,186 39,178 SH   DFND   39,178 0 0
FRONTLINE LTD SHS NEW G3682E192 593 64,444 SH   DFND   64,444 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 4,894 144,325 SH   DFND   144,325 0 0
KE HLDGS INC SPONSORED ADS 482497104 843 46,963 SH   DFND   46,963 0 0
LI AUTO INC SPONSORED ADS 50202M102 259 6,773 SH   DFND   6,773 0 0
LINDE PLC SHS G5494J103 5,035 17,583 SH   DFND   17,583 0 0
LOGITECH INTL S A SHS H50430232 8,382 160,952 SH   DFND   160,952 0 0
MICRO FOCUS INTL PLC SPON ADR NEW 594837403 337 100,000 SH   DFND   100,000 0 0
MODERNA INC COM 60770K107 406 2,876 SH   DFND   2,876 0 0
NETEASE INC SPONSORED ADS 64110W102 3,734 40,000 SH   DFND   40,000 0 0
NIO INC SPON ADS 62914V106 996 45,873 SH   DFND   45,873 0 0
NOKIA CORP SPONSORED ADR 654902204 50,349 10,921,615 SH   DFND   10,921,615 0 0
NOKIA CORP SPONSORED ADR 654902204 2,305 500,000 SH Call DFND   0 0 0
PFIZER INC COM 717081103 554 10,600 SH   DFND   10,600 0 0
QIAGEN NV SHS NEW N72482123 437 9,349 SH   DFND   9,349 0 0
STELLANTIS N.V SHS N82405106 37,027 2,999,907 SH   DFND   2,999,907 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 262 3,217 SH   DFND   3,217 0 0
TESLA INC COM 88160R101 1,854 2,737 SH   DFND   2,737 0 0
UBS GROUP AG SHS H42097107 168 10,366 SH   DFND   10,366 0 0
WOODSIDE ENERGY GROUP LTD SPONSORED ADR 980228308 1,166 54,088 SH   DFND   54,088 0 0