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
ABRDN HEALTHCARE INVESTORS SH BEN INT 87911J103   310 20,043 SH   DFND 1 20,043 0 0
ABRDN LIFE SCIENCES INVESTOR SH BEN INT 87911K100   318 24,850 SH   DFND 1 24,850 0 0
AERCAP HOLDINGS NV SHS N00985106   13,114 112,082 SH   DFND 1 112,082 0 0
AGNICO EAGLE MINES LTD COM 008474108   1,779 14,961 SH   DFND 1 14,961 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   21,018 185,331 SH   DFND 1 185,331 0 0
ALPHABET INC CAP STK CL C 02079K107   27,391 154,411 SH   DFND 1 154,411 0 0
AMAZON COM INC COM 023135106   49,962 227,731 SH   DFND 1 227,731 0 0
AMERICAN INTL GROUP INC COM NEW 026874784   4,617 53,940 SH   DFND 1 53,940 0 0
AMPHENOL CORP NEW CL A 032095101   16,294 165,000 SH   DFND 1 165,000 0 0
APPLE INC COM 037833100   22,642 110,358 SH   DFND 1 110,358 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   925 117,184 SH   DFND 1 117,184 0 0
ARGENX SE SPONSORED ADR 04016X101   493 895 SH   DFND 1 895 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   1,846 2,303 SH   DFND 1 2,303 0 0
AT&T INC COM 00206R102   587 20,300 SH   DFND 1 20,300 0 0
BANK AMERICA CORP COM 060505104   1,136 24,000 SH   DFND 1 24,000 0 0
BOEING CO COM 097023105   7,648 36,500 SH Call DFND 1 36,500 0 0
BOEING CO COM 097023105   26,664 127,256 SH   DFND 1 127,256 0 0
BOOKING HOLDINGS INC COM 09857L108   5,349 924 SH   DFND 1 924 0 0
BOSTON SCIENTIFIC CORP COM 101137107   644 6,000 SH   DFND 1 6,000 0 0
BROADCOM INC COM 11135F101   26,370 95,665 SH   DFND 1 95,665 0 0
BROOKDALE SR LIVING INC COM 112463104   3,589 515,600 SH   DFND 1 515,600 0 0
BWX TECHNOLOGIES INC COM 05605H100   4,163 28,898 SH   DFND 1 28,898 0 0
CADENCE DESIGN SYSTEM INC COM 127387108   1,847 5,994 SH Call DFND 1 5,994 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   9,420 335,000 SH   DFND 1 335,000 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   49,977 1,777,290 SH   DFND 1 1,777,290 0 0
CHART INDS INC COM 16115Q308   1,893 11,496 SH   DFND 1 11,496 0 0
CHENIERE ENERGY INC COM NEW 16411R208   10,605 43,550 SH   DFND 1 43,550 0 0
CHEVRON CORP NEW COM 166764100   1,446 10,100 SH   DFND 1 10,100 0 0
CITIGROUP INC COM NEW 172967424   3,236 38,020 SH   DFND 1 38,020 0 0
CODEXIS INC COM 192005106   168 69,000 SH   DFND 1 69,000 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   1,682 4,800 SH   DFND 1 4,800 0 0
CONOCOPHILLIPS COM 20825C104   1,545 17,217 SH   DFND 1 17,217 0 0
CONSTELLATION ENERGY CORP COM 21037T109   1,636 5,070 SH   DFND 1 5,070 0 0
D R HORTON INC COM 23331A109   31,656 245,551 SH   DFND 1 245,551 0 0
DELL TECHNOLOGIES INC CL C 24703L202   9,953 81,185 SH   DFND 1 81,185 0 0
DEXCOM INC COM 252131107   495 5,670 SH   DFND 1 5,670 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204   6,296 53,352 SH   DFND 1 53,352 0 0
ECOLAB INC COM 278865100   3,134 11,630 SH   DFND 1 11,630 0 0
ENCOMPASS HEALTH CORP COM 29261A100   12,481 101,781 SH   DFND 1 101,781 0 0
ENERGY FUELS INC COM NEW 292671708   592 102,891 SH   DFND 1 102,891 0 0
ENTERGY CORP NEW COM 29364G103   1,016 12,222 SH   DFND 1 12,222 0 0
EVEREST GROUP LTD COM G3223R108   13,524 39,795 SH   DFND 1 39,795 0 0
EXPAND ENERGY CORPORATION COM 165167735   15,363 131,379 SH   DFND 1 131,379 0 0
EXXON MOBIL CORP COM 30231G102   788 7,310 SH   DFND 1 7,310 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   10,114 610,034 SH   DFND 1 610,034 0 0
FREEPORT-MCMORAN INC CL B 35671D857   15,489 357,306 SH   DFND 1 357,306 0 0
GE AEROSPACE COM NEW 369604301   15,237 59,200 SH   DFND 1 59,200 0 0
GE VERNOVA INC COM 36828A101   14,493 27,390 SH   DFND 1 27,390 0 0
GENERAL DYNAMICS CORP COM 369550108   31,597 108,335 SH   DFND 1 108,335 0 0
GILEAD SCIENCES INC COM 375558103   698 6,300 SH   DFND 1 6,300 0 0
GRAIL INC COM 384747101   851 16,552 SH   DFND 1 16,552 0 0
HDFC BANK LTD SPONSORED ADS 40415F101   3,355 43,760 SH   DFND 1 43,760 0 0
HEALTHEQUITY INC COM 42226A107   4,557 43,500 SH   DFND 1 43,500 0 0
HONEYWELL INTL INC COM 438516106   6,693 28,742 SH   DFND 1 28,742 0 0
HUMACYTE INC COM 44486Q103   504 240,934 SH   DFND 1 240,934 0 0
HUNTINGTON INGALLS INDS INC COM 446413106   17,969 74,417 SH   DFND 1 74,417 0 0
ICICI BANK LIMITED ADR 45104G104   20,492 609,168 SH   DFND 1 609,168 0 0
ISHARES TR MSCI INDIA ETF 46429B598   1,191 21,389 SH   DFND 1 21,389 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105   1,362 12,830 SH   DFND 1 12,830 0 0
JOHNSON & JOHNSON COM 478160104   970 6,351 SH   DFND 1 6,351 0 0
JPMORGAN CHASE & CO. COM 46625H100   15,481 53,400 SH   DFND 1 53,400 0 0
KINROSS GOLD CORP COM 496902404   1,823 116,663 SH   DFND 1 116,663 0 0
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207   15,589 335,600 SH   DFND 1 335,600 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109   17,699 70,560 SH   DFND 1 70,560 0 0
LAUDER ESTEE COS INC CL A 518439104   1,197 14,810 SH   DFND 1 14,810 0 0
LIBERTY MEDIA CORP DEL COM LBTY ONE S C 531229755   17,714 169,516 SH   DFND 1 169,516 0 0
MAGNITE INC COM 55955D100   4,469 185,277 SH   DFND 1 185,277 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109   1,731 17,660 SH   DFND 1 17,660 0 0
MEDTRONIC PLC SHS G5960L103   523 6,000 SH   DFND 1 6,000 0 0
MERCADOLIBRE INC COM 58733R102   11,414 4,367 SH   DFND 1 4,367 0 0
META PLATFORMS INC CL A 30303M102   37,725 51,111 SH   DFND 1 51,111 0 0
MICRON TECHNOLOGY INC COM 595112103   1,986 16,114 SH   DFND 1 16,114 0 0
MICROSOFT CORP COM 594918104   48,583 97,672 SH   DFND 1 97,672 0 0
MICROSTRATEGY INC CL A NEW 594972408   1,260 3,117 SH   DFND 1 3,117 0 0
MONDELEZ INTL INC CL A 609207105   1,063 15,761 SH   DFND 1 15,761 0 0
MORGAN STANLEY COM NEW 617446448   1,398 9,928 SH   DFND 1 9,928 0 0
NORTHROP GRUMMAN CORP COM 666807102   11,635 23,271 SH   DFND 1 23,271 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104   929 45,800 SH   DFND 1 45,800 0 0
NVIDIA CORPORATION COM 67066G104   9,866 62,450 SH   DFND 1 62,450 0 0
ONESPAWORLD HOLDINGS LIMITED COM P73684113   553 27,100 SH   DFND 1 27,100 0 0
ORTHOFIX MED INC COM 68752M108   487 43,700 SH   DFND 1 43,700 0 0
OUSTER INC COM NEW 68989M202   655 27,000 SH   DFND 1 27,000 0 0
PALO ALTO NETWORKS INC COM 697435105   14,886 72,743 SH   DFND 1 72,743 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   8,171 78,070 SH   DFND 1 78,070 0 0
PHILIP MORRIS INTL INC COM 718172109   35,645 195,711 SH   DFND 1 195,711 0 0
PLANET LABS PBC COM CL A 72703X106   401 65,800 SH   DFND 1 65,800 0 0
PROGRESSIVE CORP COM 743315103   4,483 16,800 SH   DFND 1 16,800 0 0
PROSHARES TR ULTRAPRO SHORT S 74349Y845   2,011 119,700 SH   DFND 1 119,700 0 0
PRUDENTIAL FINL INC COM 744320102   355 3,300 SH   DFND 1 3,300 0 0
PULTE GROUP INC COM 745867101   31,334 297,114 SH   DFND 1 297,114 0 0
PURECYCLE TECHNOLOGIES INC COM 74623V103   592 43,191 SH   DFND 1 43,191 0 0
RANGE RES CORP COM 75281A109   7,016 172,500 SH   DFND 1 172,500 0 0
REDDIT INC CL A 75734B100   843 5,602 SH   DFND 1 5,602 0 0
ROIVANT SCIENCES LTD SHS G76279101   387 34,300 SH   DFND 1 34,300 0 0
ROLLINS INC COM 775711104   1,084 19,219 SH   DFND 1 19,219 0 0
ROYAL CARIBBEAN GROUP COM V7780T103   30,459 97,271 SH   DFND 1 97,271 0 0
RTX CORPORATION COM 75513E101   21,317 145,984 SH   DFND 1 145,984 0 0
SABLE OFFSHORE CORP COM SHS 78574H104   1,447 65,830 SH   DFND 1 65,830 0 0
SAP SE SPON ADR 803054204   1,922 6,319 SH   DFND 1 6,319 0 0
SCHWAB CHARLES CORP COM 808513105   3,704 40,600 SH   DFND 1 40,600 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   601 69,581 SH   DFND 1 69,581 0 0
SERVICE CORP INTL COM 817565104   1,675 20,573 SH   DFND 1 20,573 0 0
SIMON PPTY GROUP INC NEW COM 828806109   2,186 13,600 SH   DFND 1 13,600 0 0
SL GREEN RLTY CORP COM 78440X887   11,146 180,060 SH   DFND 1 180,060 0 0
SOLARIS ENERGY INFRAS INC COM CL A 83418M103   2,142 75,716 SH   DFND 1 75,716 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   2,215 2,886 SH   DFND 1 2,886 0 0
STARWOOD PPTY TR INC COM 85571B105   574 28,600 SH   DFND 1 28,600 0 0
TESLA INC COM 88160R101   1,122 3,531 SH   DFND 1 3,531 0 0
THE CIGNA GROUP COM 125523100   10,874 32,895 SH   DFND 1 32,895 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100   3,984 1,538,257 SH   DFND 1 1,538,257 0 0
UNITEDHEALTH GROUP INC COM 91324P102   30,196 96,791 SH   DFND 1 96,791 0 0
VALE S A SPONSORED ADS 91912E105   547 56,300 SH   DFND 1 56,300 0 0
VENTURE GLOBAL INC COM CL A 92333F101   2,014 129,286 SH   DFND 1 129,286 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   805 18,600 SH   DFND 1 18,600 0 0
VICI PPTYS INC COM 925652109   538 16,500 SH   DFND 1 16,500 0 0
VS TRUST 2X LONG VIX FUTU 92891H606   1,195 53,275 SH   DFND 1 53,275 0 0
WALMART INC COM 931142103   2,534 25,915 SH   DFND 1 25,915 0 0
WARBY PARKER INC CL A COM 93403J106   674 30,737 SH   DFND 1 30,737 0 0
YATSEN HLDG LTD SPONSORED ADS 985194208   638 66,161 SH   DFND 1 66,161 0 0