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
ABBVIE INC COM 00287Y109   52,560 227 SH   DFND 1 227 0 0
ABBVIE INC COM 00287Y109   10,188,918 44,005 SH   DFND 2 44,005 0 0
ADOBE INC COM 00724F101   2,028,313 5,750 SH   DFND 2 5,750 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   118,462 3,400 SH   DFND 2 3,400 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   8,329,240 239,060 SH   DFND   239,060 0 0
ALPHABET INC CAP STK CL C 02079K107   6,825,002 28,023 SH   DFND 2 28,023 0 0
ALPHABET INC CAP STK CL A 02079K305   6,936,859 28,535 SH   DFND 1 28,535 0 0
ALPHABET INC CAP STK CL C 02079K107   34,805,974 142,911 SH   DFND 1 142,911 0 0
ALPHABET INC CAP STK CL A 02079K305   2,691,117 11,070 SH   DFND   11,070 0 0
ALPHABET INC CAP STK CL A 02079K305   16,299,855 67,050 SH   DFND 2 67,050 0 0
AMAZON COM INC COM 023135106   46,534,568 211,935 SH   DFND 1 211,935 0 0
AMAZON COM INC COM 023135106   11,323,225 51,570 SH   DFND 2 51,570 0 0
AMPHENOL CORP NEW CL A 032095101   14,328,518 115,786 SH   DFND 1 115,786 0 0
AMPHENOL CORP NEW CL A 032095101   4,533,087 36,631 SH   DFND 2 36,631 0 0
ANALOG DEVICES INC COM 032654105   238,820 972 SH   DFND 1 972 0 0
AON PLC SHS CL A G0403H108   206,816 580 SH   DFND 1 580 0 0
AON PLC SHS CL A G0403H108   3,316,194 9,300 SH   DFND 2 9,300 0 0
APPLE INC COM 037833100   44,863,260 176,190 SH   DFND 1 176,190 0 0
APPLE INC COM 037833100   6,108,320 23,989 SH   DFND 2 23,989 0 0
APPLIED MATLS INC COM 038222105   2,333,422 11,397 SH   DFND 1 11,397 0 0
APPLIED MATLS INC COM 038222105   2,481,039 12,118 SH   DFND 2 12,118 0 0
APPLOVIN CORP COM CL A 03831W108   2,874,160 4,000 SH   DFND 2 4,000 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101   5,783,221 36,170 SH   DFND 2 36,170 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108   227,782 2,969 SH   DFND 2 2,969 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108   9,374,570 122,192 SH   DFND 1 122,192 0 0
ATLAS ENERGY SOLUTIONS INC COM NEW 642045108   1,647,513 144,900 SH   DFND 1 144,900 0 0
AUTODESK INC COM 052769106   2,538,819 7,992 SH   DFND 1 7,992 0 0
AUTODESK INC COM 052769106   2,379,348 7,490 SH   DFND 2 7,490 0 0
BANK AMERICA CORP COM 060505104   2,875,369 55,735 SH   DFND 1 55,735 0 0
BANK MONTREAL QUE COM 063671101   872,689 6,700 SH   DFND   6,700 0 0
BANK MONTREAL QUE COM 063671101   162,815 1,250 SH   DFND 2 1,250 0 0
BANK MONTREAL QUE COM 063671101   1,781,865 13,677 SH   DFND 1 13,677 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107   18,533,522 286,680 SH   DFND 1 286,680 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107   347,811 5,380 SH   DFND 2 5,380 0 0
BERKLEY W R CORP COM 084423102   901,434 11,765 SH   DFND 1 11,765 0 0
BLACKROCK INC COM 09290D101   7,403,274 6,350 SH   DFND 2 6,350 0 0
BOOKING HOLDINGS INC COM 09857L108   3,509,526 650 SH   DFND 2 650 0 0
BROADCOM INC COM 11135F101   20,406,583 61,855 SH   DFND 1 61,855 0 0
BROADCOM INC COM 11135F101   17,837,244 54,067 SH   DFND 2 54,067 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   7,168,274 126,015 SH   DFND 2 126,015 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109   318,038 9,700 SH   DFND   9,700 0 0
CADENCE DESIGN SYSTEM INC COM 127387108   1,953,357 5,561 SH   DFND 1 5,561 0 0
CADENCE DESIGN SYSTEM INC COM 127387108   2,349,929 6,690 SH   DFND 2 6,690 0 0
CAMECO CORP COM 13321L108   5,553,273 66,182 SH   DFND 1 66,182 0 0
CAMECO CORP COM 13321L108   9,839,575 117,290 SH   DFND 2 117,290 0 0
CANADIAN IMPERIAL BANK OF CO COM 136069101   694,913 8,700 SH   DFND   8,700 0 0
CANADIAN IMPERIAL BANK OF CO COM 136069101   363,514 4,550 SH   DFND 1 4,550 0 0
CANADIAN NAT RES LTD COM 136385101   2,777,449 86,880 SH   DFND 1 86,880 0 0
CANADIAN NAT RES LTD COM 136385101   2,836,465 88,745 SH   DFND 2 88,745 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   25,139,170 337,610 SH   DFND 1 337,610 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   945,454 12,700 SH   DFND   12,700 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   2,602,024 34,945 SH   DFND 2 34,945 0 0
CAPITAL ONE FINL CORP COM 14040H105   1,594,350 7,500 SH   DFND 2 7,500 0 0
CARDINAL HEALTH INC COM 14149Y108   941,760 6,000 SH   DFND 2 6,000 0 0
CELESTICA INC COM 15101Q207   95,930 390 SH   DFND 2 390 0 0
CELESTICA INC COM 15101Q207   319,767 1,300 SH   DFND   1,300 0 0
CISCO SYS INC COM 17275R102   9,394,408 137,305 SH   DFND 2 137,305 0 0
CME GROUP INC COM 12572Q105   1,134,798 4,200 SH   DFND   4,200 0 0
CME GROUP INC COM 12572Q105   1,080,760 4,000 SH   DFND 2 4,000 0 0
COCA-COLA EUROPACIFIC PARTNE SHS G25839104   278,463 3,080 SH   DFND 1 3,080 0 0
COCA-COLA EUROPACIFIC PARTNE SHS G25839104   4,053,984 44,840 SH   DFND 2 44,840 0 0
COSTCO WHSL CORP NEW COM 22160K105   31,589,901 34,128 SH   DFND 1 34,128 0 0
COSTCO WHSL CORP NEW COM 22160K105   8,492,655 9,175 SH   DFND 2 9,175 0 0
CROWN HLDGS INC COM 228368106   1,931,800 20,000 SH   DFND 2 20,000 0 0
DECKERS OUTDOOR CORP COM 243537107   1,348,018 13,298 SH   DFND 1 13,298 0 0
DECKERS OUTDOOR CORP COM 243537107   1,467,837 14,480 SH   DFND 2 14,480 0 0
DEERE & CO COM 244199105   2,483,379 5,431 SH   DFND 1 5,431 0 0
DEERE & CO COM 244199105   5,281,353 11,550 SH   DFND 2 11,550 0 0
DELL TECHNOLOGIES INC CL C 24703L202   1,984,780 14,000 SH   DFND 2 14,000 0 0
DESCARTES SYS GROUP INC COM 249906108   8,292 88 SH   DFND 2 88 0 0
DESCARTES SYS GROUP INC COM 249906108   4,630,588 49,200 SH   DFND   49,200 0 0
DESCARTES SYS GROUP INC COM 249906108   647,109 6,871 SH   DFND 1 6,871 0 0
DISNEY WALT CO COM 254687106   14,656 128 SH   DFND 1 128 0 0
DISNEY WALT CO COM 254687106   7,437,920 64,960 SH   DFND 2 64,960 0 0
DOLLAR GEN CORP NEW COM 256677105   1,550,250 15,000 SH   DFND 2 15,000 0 0
DOLLAR TREE INC COM 256746108   2,595,175 27,500 SH   DFND 2 27,500 0 0
DRAFTKINGS INC NEW COM CL A 26142V105   935,000 25,000 SH   DFND 2 25,000 0 0
EATON CORP PLC SHS G29183103   26,781,704 71,561 SH   DFND 1 71,561 0 0
EATON CORP PLC SHS G29183103   17,352,101 46,365 SH   DFND 2 46,365 0 0
ELI LILLY & CO COM 532457108   20,866,524 27,348 SH   DFND 1 27,348 0 0
ELI LILLY & CO COM 532457108   3,454,101 4,527 SH   DFND 2 4,527 0 0
EMCOR GROUP INC COM 29084Q100   2,273,390 3,500 SH   DFND 2 3,500 0 0
EMERSON ELEC CO COM 291011104   2,125,116 16,200 SH   DFND   16,200 0 0
ENBRIDGE INC COM 29250N105   731,565 14,504 SH   DFND 1 14,504 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   6,464,258 376,705 SH   DFND 1 376,705 0 0
EOG RES INC COM 26875P101   315,954 2,818 SH   DFND 1 2,818 0 0
EOG RES INC COM 26875P101   10,091 90 SH   DFND 2 90 0 0
ETFIS SER TR I VIRTUS INFRCAP 26923G822   138,010 6,357 SH   DFND 2 6,357 0 0
ETFIS SER TR I VIRTUS INFRCAP 26923G822   172,052 7,925 SH   DFND 1 7,925 0 0
EXPEDIA GROUP INC COM NEW 30212P303   4,029,188 18,850 SH   DFND 2 18,850 0 0
FERGUSON ENTERPRISES INC COMMON STOCK NEW 31488V107   55,022 245 SH   DFND 1 245 0 0
FERGUSON ENTERPRISES INC COMMON STOCK NEW 31488V107   1,908,930 8,500 SH   DFND 2 8,500 0 0
FIRSTSERVICE CORP NEW COM 33767E202   6,379,990 33,500 SH   DFND   33,500 0 0
FIRSTSERVICE CORP NEW COM 33767E202   53,325 280 SH   DFND 2 280 0 0
FORTINET INC COM 34959E109   2,732,600 32,500 SH   DFND 2 32,500 0 0
FORTIS INC COM 349553107   981,050 19,350 SH   DFND   19,350 0 0
GALLAGHER ARTHUR J & CO COM 363576109   19,836,989 64,044 SH   DFND 1 64,044 0 0
GALLAGHER ARTHUR J & CO COM 363576109   5,745,367 18,549 SH   DFND 2 18,549 0 0
GE AEROSPACE COM NEW 369604301   8,893,743 29,565 SH   DFND 2 29,565 0 0
GILDAN ACTIVEWEAR INC COM 375916103   404,223 7,000 SH   DFND   7,000 0 0
GRANITE REAL ESTATE INVT TR TR UNIT NEW 387437205   6,828,789 122,950 SH   DFND   122,950 0 0
GRANITE REAL ESTATE INVT TR TR UNIT NEW 387437205   81,090 1,460 SH   DFND 2 1,460 0 0
HCA HEALTHCARE INC COM 40412C101   3,196,500 7,500 SH   DFND 2 7,500 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   1,945,800 7,500 SH   DFND 2 7,500 0 0
HOME DEPOT INC COM 437076102   21,248,974 52,442 SH   DFND 1 52,442 0 0
HOME DEPOT INC COM 437076102   3,394,682 8,378 SH   DFND 2 8,378 0 0
HOWMET AEROSPACE INC COM 443201108   8,765,594 44,670 SH   DFND 2 44,670 0 0
HUDBAY MINERALS INC COM 443628102   5,521,709 364,700 SH   DFND   364,700 0 0
INSULET CORP COM 45784P101   2,778,570 9,000 SH   DFND 2 9,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   1,548,225 22,500 SH   DFND 2 22,500 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   1,199,180 4,250 SH   DFND   4,250 0 0
INTUIT COM 461202103   5,439,379 7,965 SH   DFND 2 7,965 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508   1,046,500 50,000 SH   DFND   50,000 0 0
IQVIA HLDGS INC COM 46266C105   301,435 1,587 SH   DFND 1 1,587 0 0
IQVIA HLDGS INC COM 46266C105   9,497 50 SH   DFND 2 50 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   956,311 17,680 SH   DFND 1 17,680 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   710,202 13,130 SH   DFND 2 13,130 0 0
ISHARES TR USD INV GRDE ETF 464288620   523,244 10,020 SH   DFND 1 10,020 0 0
ISHARES TR USD INV GRDE ETF 464288620   422,303 8,087 SH   DFND 2 8,087 0 0
ISHARES TR MSCI EAFE ETF 464287465   2,655,536 28,441 SH   DFND 1 28,441 0 0
ISHARES TR MSCI EURO FL ETF 464289180   225,957 6,580 SH   DFND 1 6,580 0 0
ISHARES TR 10-20 YR TRS ETF 464288653   335,747 3,260 SH   DFND 2 3,260 0 0
ISHARES TR PFD AND INCM SEC 464288687   133,120 4,210 SH   DFND 2 4,210 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   615,148 11,600 SH   DFND 1 11,600 0 0
ISHARES TR 10-20 YR TRS ETF 464288653   202,890 1,970 SH   DFND 1 1,970 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   853,200 16,089 SH   DFND 2 16,089 0 0
ISHARES TR PFD AND INCM SEC 464288687   103,714 3,280 SH   DFND 1 3,280 0 0
ISHARES TR FALN ANGLS USD 46435G474   1,030,638 37,100 SH   DFND 2 37,100 0 0
ISHARES TR MSCI EURO FL ETF 464289180   4,150,161 120,855 SH   DFND 2 120,855 0 0
JOHNSON & JOHNSON COM 478160104   1,399,921 7,550 SH   DFND   7,550 0 0
JOHNSON & JOHNSON COM 478160104   18,542 100 SH   DFND 1 100 0 0
JOHNSON & JOHNSON COM 478160104   11,155,794 60,165 SH   DFND 2 60,165 0 0
JPMORGAN CHASE & CO. COM 46625H100   3,947,291 12,514 SH   DFND 1 12,514 0 0
KINROSS GOLD CORP COM 496902404   389,484 15,700 SH   DFND   15,700 0 0
KKR & CO INC COM 48251W104   1,701,175 13,091 SH   DFND 1 13,091 0 0
KKR & CO INC COM 48251W104   1,650,365 12,700 SH   DFND 2 12,700 0 0
KLA CORP COM NEW 482480100   2,696,500 2,500 SH   DFND 2 2,500 0 0
LEIDOS HOLDINGS INC COM 525327102   1,889,600 10,000 SH   DFND 2 10,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106   1,391,397 5,900 SH   DFND   5,900 0 0
LINDE PLC SHS G54950103   24,776,000 52,160 SH   DFND 1 52,160 0 0
LINDE PLC SHS G54950103   9,897,100 20,836 SH   DFND 2 20,836 0 0
MARSH & MCLENNAN COS INC COM 571748102   22,366,404 110,983 SH   DFND 1 110,983 0 0
MARSH & MCLENNAN COS INC COM 571748102   4,622,090 22,935 SH   DFND 2 22,935 0 0
MASTERCARD INCORPORATED CL A 57636Q104   13,262,374 23,316 SH   DFND 1 23,316 0 0
MASTERCARD INCORPORATED CL A 57636Q104   20,950,979 36,833 SH   DFND 2 36,833 0 0
MCKESSON CORP COM 58155Q103   8,065,318 10,440 SH   DFND 2 10,440 0 0
MERCADOLIBRE INC COM 58733R102   5,842,350 2,500 SH   DFND 2 2,500 0 0
META PLATFORMS INC CL A 30303M102   45,842,203 62,423 SH   DFND 1 62,423 0 0
META PLATFORMS INC CL A 30303M102   21,603,257 29,417 SH   DFND 2 29,417 0 0
MICROSOFT CORP COM 594918104   64,113,923 123,784 SH   DFND 1 123,784 0 0
MICROSOFT CORP COM 594918104   1,243,080 2,400 SH   DFND   2,400 0 0
MICROSOFT CORP COM 594918104   28,408,004 54,847 SH   DFND 2 54,847 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109   18,981 282 SH   DFND 1 282 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109   3,197,225 47,500 SH   DFND 2 47,500 0 0
MSCI INC COM 55354G100   1,985,935 3,500 SH   DFND 2 3,500 0 0
NASDAQ INC COM 631103108   2,953,611 33,393 SH   DFND 1 33,393 0 0
NASDAQ INC COM 631103108   7,926,005 89,610 SH   DFND 2 89,610 0 0
NETFLIX INC COM 64110L106   959,136 800 SH   DFND   800 0 0
NETFLIX INC COM 64110L106   107,903 90 SH   DFND 1 90 0 0
NETFLIX INC COM 64110L106   2,397,840 2,000 SH   DFND 2 2,000 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   1,921,200 120,000 SH   DFND 2 120,000 0 0
NUTRIEN LTD COM 67077M108   766,054 13,050 SH   DFND   13,050 0 0
NUTRIEN LTD COM 67077M108   3,815,593 65,000 SH   DFND 2 65,000 0 0
NVIDIA CORPORATION COM 67066G104   57,755,093 309,546 SH   DFND 1 309,546 0 0
NVIDIA CORPORATION COM 67066G104   14,624,514 78,382 SH   DFND 2 78,382 0 0
OPEN TEXT CORP COM 683715106   3,737 100 SH   DFND 1 100 0 0
OPEN TEXT CORP COM 683715106   313,846 8,400 SH   DFND   8,400 0 0
ORACLE CORP COM 68389X105   4,769,831 16,960 SH   DFND 2 16,960 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   15,397,532 142,821 SH   DFND 1 142,821 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   3,944,229 36,585 SH   DFND 2 36,585 0 0
PAN AMERN SILVER CORP COM 697900108   65,849 1,700 SH   DFND 2 1,700 0 0
PAN AMERN SILVER CORP COM 697900108   244,027 6,300 SH   DFND   6,300 0 0
PARKER-HANNIFIN CORP COM 701094104   3,982,562 5,253 SH   DFND 1 5,253 0 0
PARKER-HANNIFIN CORP COM 701094104   4,100,075 5,408 SH   DFND 2 5,408 0 0
PAYCOM SOFTWARE INC COM 70432V102   2,393,610 11,500 SH   DFND 2 11,500 0 0
PAYCOM SOFTWARE INC COM 70432V102   5,204 25 SH   DFND 1 25 0 0
PAYPAL HLDGS INC COM 70450Y103   1,175,897 17,535 SH   DFND 1 17,535 0 0
PEMBINA PIPELINE CORP COM 706327103   5,078,162 125,650 SH   DFND   125,650 0 0
PEMBINA PIPELINE CORP COM 706327103   542,940 13,431 SH   DFND 1 13,431 0 0
PFIZER INC COM 717081103   1,951,768 76,600 SH   DFND 1 76,600 0 0
PHILIP MORRIS INTL INC COM 718172109   10,048,290 61,950 SH   DFND 2 61,950 0 0
PROGRESSIVE CORP COM 743315103   3,414,084 13,825 SH   DFND 1 13,825 0 0
PROGRESSIVE CORP COM 743315103   3,567,193 14,445 SH   DFND 2 14,445 0 0
RAYMOND JAMES FINL INC COM 754730109   1,829,560 10,600 SH   DFND   10,600 0 0
RAYMOND JAMES FINL INC COM 754730109   1,380,800 8,000 SH   DFND 2 8,000 0 0
REPUBLIC SVCS INC COM 760759100   2,248,904 9,800 SH   DFND   9,800 0 0
RESMED INC COM 761152107   3,558,490 13,000 SH   DFND 2 13,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103   314,208 4,900 SH   DFND   4,900 0 0
ROCKWELL AUTOMATION INC COM 773903109   8,738 25 SH   DFND 2 25 0 0
ROCKWELL AUTOMATION INC COM 773903109   251,662 720 SH   DFND 1 720 0 0
ROGERS COMMUNICATIONS INC CL B 775109200   203,758 5,920 SH   DFND 1 5,920 0 0
ROYAL BK CDA COM 780087102   4,639,251 31,490 SH   DFND   31,490 0 0
ROYAL BK CDA COM 780087102   39,613,423 268,824 SH   DFND 1 268,824 0 0
ROYAL BK CDA COM 780087102   14,349,976 97,396 SH   DFND 2 97,396 0 0
S&P GLOBAL INC COM 78409V104   31,101,742 63,902 SH   DFND 1 63,902 0 0
S&P GLOBAL INC COM 78409V104   15,742,148 32,344 SH   DFND 2 32,344 0 0
SALESFORCE INC COM 79466L302   2,227,800 9,400 SH   DFND   9,400 0 0
SALESFORCE INC COM 79466L302   15,715,944 66,312 SH   DFND 1 66,312 0 0
SALESFORCE INC COM 79466L302   1,540,500 6,500 SH   DFND 2 6,500 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862   561,468 23,011 SH   DFND 2 23,011 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862   316,956 12,990 SH   DFND 1 12,990 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   675,153 12,533 SH   DFND 1 12,533 0 0
SHOPIFY INC CL A SUB VTG SHS 82509L107   2,149,321 14,470 SH   DFND 1 14,470 0 0
SIMPLIFY EXCHANGE TRADED FUN MANAGED FUTURES 82889N699   3,256,351 116,423 SH   DFND 1 116,423 0 0
SIMPLIFY EXCHANGE TRADED FUN SHORT TERM TREA 82889N657   4,358,976 199,040 SH   DFND 2 199,040 0 0
SIMPLIFY EXCHANGE TRADED FUN SHORT TERM TREA 82889N657   410,406 18,740 SH   DFND 1 18,740 0 0
SPDR GOLD TR GOLD SHS 78463V107   5,828,642 16,397 SH   DFND 1 16,397 0 0
SPDR GOLD TR GOLD SHS 78463V107   1,368,560 3,850 SH   DFND   3,850 0 0
SPDR SERIES TRUST BLOOMBERG SHT TE 78468R408   302,541 11,818 SH   DFND 2 11,818 0 0
SPDR SERIES TRUST PORTFLI HIGH YLD 78468R606   12,449 520 SH   DFND 1 520 0 0
SPDR SERIES TRUST PORTFLI HIGH YLD 78468R606   247,923 10,356 SH   DFND 2 10,356 0 0
SPDR SERIES TRUST BLOOMBERG SHT TE 78468R408   61,952 2,420 SH   DFND 1 2,420 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   1,570,500 2,250 SH   DFND 2 2,250 0 0
SPROTT INC COM NEW 852066208   64,801 780 SH   DFND 2 780 0 0
SPROTT INC COM NEW 852066208   2,608,660 31,400 SH   DFND   31,400 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   1,775,200 20,000 SH   DFND 2 20,000 0 0
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608   200,790 4,829 SH   DFND 2 4,829 0 0
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608   134,927 3,245 SH   DFND 1 3,245 0 0
STANTEC INC COM 85472N109   14,137,322 131,114 SH   DFND 1 131,114 0 0
STANTEC INC COM 85472N109   3,301,419 30,620 SH   DFND 2 30,620 0 0
SUN LIFE FINANCIAL INC. COM 866796105   400,925 6,678 SH   DFND 1 6,678 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   256,109 917 SH   DFND 1 917 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   10,832,263 38,785 SH   DFND 2 38,785 0 0
TECHNIPFMC PLC COM G87110105   1,380,750 35,000 SH   DFND 2 35,000 0 0
TELUS CORPORATION COM 87971M103   147,458 9,364 SH   DFND 1 9,364 0 0
TELUS CORPORATION COM 87971M103   234,582 14,900 SH   DFND   14,900 0 0
THOMSON REUTERS CORP COM 884903808   1,241,686 8,000 SH   DFND   8,000 0 0
THOMSON REUTERS CORP COM 884903808   890,803 5,738 SH   DFND 1 5,738 0 0
TIDAL TRUST II STKD 100 BITCOIN 88636R834   696,843 16,200 SH   DFND 1 16,200 0 0
TJX COS INC NEW COM 872540109   2,284,744 15,807 SH   DFND 1 15,807 0 0
TJX COS INC NEW COM 872540109   2,127,629 14,720 SH   DFND 2 14,720 0 0
T-MOBILE US INC COM 872590104   3,804,945 15,895 SH   DFND 2 15,895 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   6,685,120 83,623 SH   DFND 1 83,623 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   2,042,092 25,550 SH   DFND   25,550 0 0
TRADEWEB MKTS INC CL A 892672106   7,613,894 68,606 SH   DFND 1 68,606 0 0
TRADEWEB MKTS INC CL A 892672106   2,515,362 22,665 SH   DFND 2 22,665 0 0
UBER TECHNOLOGIES INC COM 90353T100   5,878,200 60,000 SH   DFND 2 60,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   488,600 1,415 SH   DFND 2 1,415 0 0
UNITEDHEALTH GROUP INC COM 91324P102   17,888,957 51,807 SH   DFND 1 51,807 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   478,264 6,260 SH   DFND 2 6,260 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   319,352 4,180 SH   DFND 1 4,180 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   1,158,313 15,575 SH   DFND 1 15,575 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835   141,303 1,900 SH   DFND 2 1,900 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   895,912 1,463 SH   DFND 1 1,463 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   1,918,320 24,000 SH   DFND 1 24,000 0 0
VEEVA SYS INC CL A COM 922475108   4,617,605 15,500 SH   DFND 2 15,500 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100   1,939,401 4,952 SH   DFND 1 4,952 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100   1,876,739 4,792 SH   DFND 2 4,792 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   2,486,400 40,000 SH   DFND 2 40,000 0 0
VISA INC COM CL A 92826C839   2,043,159 5,985 SH   DFND   5,985 0 0
VISA INC COM CL A 92826C839   33,260,653 97,430 SH   DFND 1 97,430 0 0
VISA INC COM CL A 92826C839   11,284,658 33,056 SH   DFND 2 33,056 0 0
VISTRA CORP COM 92840M102   6,176,378 31,525 SH   DFND 2 31,525 0 0
WALMART INC COM 931142103   47,589,295 461,763 SH   DFND 1 461,763 0 0
WALMART INC COM 931142103   16,490,734 160,011 SH   DFND 2 160,011 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   1,177,659 60,300 SH   DFND 1 60,300 0 0
WASTE CONNECTIONS INC COM 94106B101   1,081,170 6,150 SH   DFND   6,150 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102   1,815,320 6,500 SH   DFND 2 6,500 0 0
WILLIAMS SONOMA INC COM 969904101   5,484,327 28,060 SH   DFND 2 28,060 0 0