The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 | FIGI | (to the nearest dollar) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL C | 02079K107 | 594,447,896 | 3,240,911 | SH | DFND | 1 | 3,240,911 | 0 | 0 | ||
| AMAZON COM INC | COM | 023135106 | 752,787,016 | 3,895,405 | SH | DFND | 1 | 3,895,405 | 0 | 0 | ||
| ARCH CAP GROUP LTD | ORD | G0450A105 | 326,215,708 | 3,233,380 | SH | DFND | 1 | 3,233,380 | 0 | 0 | ||
| BOOKING HOLDINGS INC | COM | 09857L108 | 440,229,611 | 111,127 | SH | DFND | 1 | 111,127 | 0 | 0 | ||
| CANADIAN NATL RY CO | COM | 136375102 | 480,395,255 | 4,066,666 | SH | DFND | 1 | 4,066,666 | 0 | 0 | ||
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | 727,194,448 | 9,236,561 | SH | DFND | 1 | 9,236,561 | 0 | 0 | ||
| CENOVUS ENERGY INC | COM | 15135U109 | 202,950,023 | 10,322,992 | SH | DFND | 1 | 10,322,992 | 0 | 0 | ||
| CRH PLC | ORD | G25508105 | 295,447,668 | 3,940,353 | SH | DFND | 1 | 3,940,353 | 0 | 0 | ||
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 | 476,845,493 | 283,228 | SH | DFND | 1 | 283,228 | 0 | 0 | ||
| FIRST SOLAR INC | COM | 336433107 | 160,040,075 | 709,838 | SH | DFND | 1 | 709,838 | 0 | 0 | ||
| FISERV INC | COM | 337738108 | 407,883,730 | 2,736,740 | SH | DFND | 1 | 2,736,740 | 0 | 0 | ||
| FLUTTER ENTMT PLC | SHS | G3643J108 | 189,888,550 | 1,041,284 | SH | DFND | 1 | 1,041,284 | 0 | 0 | ||
| GE AEROSPACE | COM NEW | 369604301 | 377,279,527 | 2,373,275 | SH | DFND | 1 | 2,373,275 | 0 | 0 | ||
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | 573,326,399 | 7,357,885 | SH | DFND | 1 | 7,357,885 | 0 | 0 | ||
| GE VERNOVA INC | COM | 36828A101 | 134,550,967 | 784,508 | SH | DFND | 1 | 784,508 | 0 | 0 | ||
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 107,692,392 | 493,549 | SH | DFND | 1 | 493,549 | 0 | 0 | ||
| ICICI BANK LIMITED | ADR | 45104G104 | 159,635,605 | 5,540,979 | SH | DFND | 1 | 5,540,979 | 0 | 0 | ||
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | 384,151,162 | 3,133,370 | SH | DFND | 1 | 3,133,370 | 0 | 0 | ||
| MASTERCARD INCORPORATED | CL A | 57636Q104 | 186,422,305 | 422,573 | SH | DFND | 1 | 422,573 | 0 | 0 | ||
| META PLATFORMS INC | CL A | 30303M102 | 675,485,886 | 1,339,665 | SH | DFND | 1 | 1,339,665 | 0 | 0 | ||
| MICROSOFT CORP | COM | 594918104 | 665,715,935 | 1,489,464 | SH | DFND | 1 | 1,489,464 | 0 | 0 | ||
| PROGRESSIVE CORP | COM | 743315103 | 320,159,624 | 1,541,378 | SH | DFND | 1 | 1,541,378 | 0 | 0 | ||
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | 415,712,060 | 1,859,926 | SH | DFND | 1 | 1,859,926 | 0 | 0 | ||
| SHARKNINJA INC | COM SHS | G8068L108 | 49,377,082 | 657,047 | SH | DFND | 1 | 657,047 | 0 | 0 | ||
| UBER TECHNOLOGIES INC | COM | 90353T100 | 129,742,449 | 1,785,119 | SH | DFND | 1 | 1,785,119 | 0 | 0 | ||
| VISA INC | COM CL A | 92826C839 | 670,387,226 | 2,554,148 | SH | DFND | 1 | 2,554,148 | 0 | 0 | ||