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
NVIDIA CORPORATION COM 67066G104   26,276,000 200,000 SH   DFND 1,2 26,276,000 0 0
APPLE INC COM 037833100   27,441,600 120,000 SH   DFND 1,2 27,441,600 0 0
MICROSOFT CORP COM 594918104   22,977,000 50,000 SH   DFND 1,2 22,977,000 0 0
DISNEY WALT CO COM 254687106   19,410,000 200,000 SH   DFND 1,2 19,410,000 0 0
COCA COLA CO COM 191216100   15,045,600 240,000 SH   DFND 1,2 15,045,600 0 0
SHERWIN WILLIAMS CO COM 824348106   18,233,510 61,000 SH   DFND 1,2 18,233,510 0 0
UNITEDHEALTH GROUP INC COM 91324P102   17,223,850 35,000 SH   DFND 1,2 17,223,850 0 0
ELI LILLY & CO COM 532457108   16,785,000 18,000 SH   DFND 1,2 16,785,000 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108   16,639,533 178,001 SH   DFND 1,2 16,639,533 0 0
ECOLAB INC COM 278865100   16,448,775 67,900 SH   DFND 1,2 16,448,775 0 0
LAUDER ESTEE COS INC CL A 518439104   14,589,400 140,000 SH   DFND 1,2 14,589,400 0 0
JOHNSON & JOHNSON COM 478160104   13,234,500 90,000 SH   DFND 1,2 13,234,500 0 0
EXTRA SPACE STORAGE INC COM 30225T102   12,392,481 80,717 SH   DFND 1,2 12,392,481 0 0
AMPHENOL CORP NEW CL A 032095101   8,327,417 119,458 SH   DFND 1,2 8,327,417 0 0
AVALONBAY CMNTYS INC COM 053484101   13,049,740 64,218 SH   DFND 1,2 13,049,740 0 0
BROADCOM INC COM 11135F101   13,981,529 81,563 SH   DFND 1,2 13,981,529 0 0
EQUINIX INC COM 29444U700   19,999,824 24,855 SH   DFND 1,2 19,999,824 0 0
FREEPORT-MCMORAN INC CL B 35671D857   8,888,743 176,294 SH   DFND 1,2 8,888,743 0 0
ALPHABET INC CAP STK CL C 02079K107   11,281,991 59,950 SH   DFND 1,2 11,281,991 0 0
MID-AMER APT CMNTYS INC COM 59522J103   11,581,142 82,752 SH   DFND 1,2 11,581,142 0 0
NORTHROP GRUMMAN CORP COM 666807102   8,349,446 19,331 SH   DFND 1,2 8,349,446 0 0
NVIDIA CORPORATION COM 67066G104   20,000,035 155,715 SH   DFND 1,2 20,000,035 0 0
PNC FINL SVCS GROUP INC COM 693475105   12,547,707 74,238 SH   DFND 1,2 12,547,707 0 0
PUBLIC STORAGE OPER CO COM 74460D109   8,741,944 28,943 SH   DFND 1,2 8,741,944 0 0
UDR INC COM 902653104   9,828,256 242,314 SH   DFND 1,2 9,828,256 0 0
VICI PPTYS INC COM 925652109   13,647,826 450,572 SH   DFND 1,2 13,647,826 0 0
VENTAS INC COM 92276F100   8,906,688 169,200 SH   DFND 1,2 8,906,688 0 0
BOEING CO COM 097023105   7,000,086 37,538 SH   DFND 1,2 7,000,086 0 0
BANK AMERICA CORP COM 060505104   8,057,858 189,999 SH   DFND 1,2 8,057,858 0 0
CATERPILLAR INC COM 149123101   6,005,767 17,450 SH   DFND 1,2 6,005,767 0 0
COLGATE PALMOLIVE CO COM 194162103   4,500,196 46,610 SH   DFND 1,2 4,500,196 0 0
CVS HEALTH CORP COM 126650100   8,500,141 146,630 SH   DFND 1,2 8,500,141 0 0
DECKERS OUTDOOR CORP COM 243537107   4,906,311 5,560 SH   DFND 1,2 4,906,311 0 0
DELL TECHNOLOGIES INC CL C 24703L202   5,000,021 39,730 SH   DFND 1,2 5,000,021 0 0
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107   4,000,590 49,500 SH   DFND 1,2 4,000,590 0 0
ALPHABET INC CAP STK CL C 02079K107   8,001,288 43,580 SH   DFND 1,2 8,001,288 0 0
IDEXX LABS INC COM 45168D104   7,500,687 15,945 SH   DFND 1,2 7,500,687 0 0
NVIDIA CORPORATION COM 67066G104   9,194,127 74,999 SH   DFND 1,2 9,194,127 0 0
PROCTER AND GAMBLE CO COM 742718109   8,331,000 50,000 SH   DFND 1,2 8,331,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   7,499,544 13,520 SH   DFND 1,2 7,499,544 0 0
XYLEM INC COM 98419M100   6,499,998 46,191 SH   DFND 1,2 6,499,998 0 0
BOEING CO COM 097023105   6,781,718 36,367 SH   DFND 1,2 6,781,718 0 0
FISERV INC COM 337738108   5,999,987 38,163 SH   DFND 1,2 5,999,987 0 0