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
AES CORP COM 00130H105   1,083,533 37,675 SH   DFND   37,675 0 0
AES CORP COM 00130H105   8,663,145 301,222 SH   DFND 2 301,222 0 0
AES CORP COM 00130H105   506,306,340 17,604,532 SH   DFND 1 17,604,532 0 0
ALPHABET INC CAP STK CL A 02079K305   20,619,351 233,700 SH   DFND 1 233,700 0 0
ALPHABET INC CAP STK CL C 02079K107   378,522 4,266 SH   DFND   4,266 0 0
ALPHABET INC CAP STK CL C 02079K107   588,976,785 6,637,854 SH   DFND 1 6,637,854 0 0
ALPHABET INC CAP STK CL C 02079K107   4,754,597 53,585 SH   DFND 2 53,585 0 0
AMAZON COM INC COM 023135106   3,571,260 42,515 SH   DFND 2 42,515 0 0
AMAZON COM INC COM 023135106   21,861,336 260,254 SH   DFND 1 260,254 0 0
ARCONIC CORPORATION COM 03966V107   116,165,565 5,489,866 SH   DFND 1 5,489,866 0 0
BARRICK GOLD CORP COM 067901108   61,705,647 3,591,714 SH   DFND 1 3,591,714 0 0
BARRICK GOLD CORP COM 067901108   971,237 56,533 SH   DFND   56,533 0 0
BORR DRILLING LTD SHS G1466R173   44,986,556 9,051,621 SH   DFND 1 9,051,621 0 0
BP PLC SPONSORED ADR 055622104   1,839,449 52,661 SH   DFND 1 52,661 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   78,161 1,955 SH   DFND   1,955 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   507,852,187 12,702,656 SH   DFND 1 12,702,656 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   16,543 577 SH   DFND   577 0 0
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS 113004105   1,966,217 68,581 SH   DFND 1 68,581 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   187,627 5,964 SH   DFND   5,964 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   11,294,109 358,999 SH   DFND 1 358,999 0 0
BURFORD CAP LTD ORD SHS G17977110   323,816 39,732 SH   DFND   39,732 0 0
BURFORD CAP LTD ORD SHS G17977110   25,986,748 3,188,558 SH   DFND 1 3,188,558 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   776,001 17,835 SH   DFND   17,835 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   126,579,248 2,909,199 SH   DFND 1 2,909,199 0 0
CARMAX INC COM 143130102   1,834,129 30,122 SH   DFND 2 30,122 0 0
CHENIERE ENERGY INC COM NEW 16411R208   110,085,486 734,099 SH   DFND 1 734,099 0 0
CHESAPEAKE ENERGY CORP COM 165167735   303,757,684 3,218,795 SH   DFND 1 3,218,795 0 0
CHURCH & DWIGHT CO INC COM 171340102   3,987,938 49,472 SH   DFND 2 49,472 0 0
CHURCH & DWIGHT CO INC COM 171340102   23,563,996 292,321 SH   DFND 1 292,321 0 0
CINEMARK HLDGS INC COM 17243V102   75,790,934 8,751,840 SH   DFND 1 8,751,840 0 0
CINEMARK HLDGS INC COM 17243V102   336,909 38,904 SH   DFND   38,904 0 0
CONSTELLATION ENERGY CORP COM 21037T109   357,534,940 4,147,256 SH   DFND 1 4,147,256 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   115,950 11,149 SH   DFND 1 11,149 0 0
DISNEY WALT CO COM 254687106   2,381,641 27,413 SH   DFND 2 27,413 0 0
DOLLAR GEN CORP NEW COM 256677105   173,736,516 705,529 SH   DFND 1 705,529 0 0
DOLLAR GEN CORP NEW COM 256677105   7,284,321 29,581 SH   DFND 2 29,581 0 0
DUPONT DE NEMOURS INC COM 26614N102   702,908 10,242 SH   DFND   10,242 0 0
DUPONT DE NEMOURS INC COM 26614N102   47,228,627 688,163 SH   DFND 1 688,163 0 0
ELEVANCE HEALTH INC COM 036752103   6,032,014 11,759 SH   DFND 2 11,759 0 0
ELEVANCE HEALTH INC COM 036752103   295,666,675 576,382 SH   DFND 1 576,382 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   517,794 2,819 SH   DFND   2,819 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   871,234,282 4,743,218 SH   DFND 1 4,743,218 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   13,939,292 75,889 SH   DFND 2 75,889 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   30,892,710 395,452 SH   DFND 1 395,452 0 0
GLOBAL PMTS INC COM 37940X102   621,915,123 6,261,731 SH   DFND 1 6,261,731 0 0
GLOBAL PMTS INC COM 37940X102   9,613,282 96,791 SH   DFND 2 96,791 0 0
GLOBAL PMTS INC COM 37940X102   110,742 1,115 SH   DFND   1,115 0 0
GOLAR LNG LTD SHS G9456A100   183,393,295 8,047,095 SH   DFND 1 8,047,095 0 0
GOLAR LNG LTD SHS G9456A100   194,809 8,548 SH   DFND   8,548 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   148,501,003 14,347,923 SH   DFND 1 14,347,923 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   10,861,916 254,437 SH   DFND 2 254,437 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   631,216,773 14,786,057 SH   DFND 1 14,786,057 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   328,286 7,690 SH   DFND   7,690 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   19,187,321 2,599,908 SH   DFND 1 2,599,908 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   195,112 26,438 SH   DFND   26,438 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   16,074,508 127,212 SH   DFND 1 127,212 0 0
HOWMET AEROSPACE INC COM 443201108   452,365,163 11,478,436 SH   DFND 1 11,478,436 0 0
HOWMET AEROSPACE INC COM 443201108   6,474,787 164,293 SH   DFND 2 164,293 0 0
IAC INC COM NEW 44891N208   807,769 18,193 SH   DFND 2 18,193 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   304,005,801 4,201,877 SH   DFND 1 4,201,877 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   3,155,473 43,614 SH   DFND 2 43,614 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   77,651,740 16,486,569 SH   DFND 1 16,486,569 0 0
KB FINL GROUP INC SPONSORED ADR 48241A105   27,319,476 706,660 SH   DFND 1 706,660 0 0
KINDER MORGAN INC DEL COM 49456B101   2,844,852 157,348 SH   DFND   157,348 0 0
KINDER MORGAN INC DEL COM 49456B101   8,525,696 471,554 SH   DFND 2 471,554 0 0
KINDER MORGAN INC DEL COM 49456B101   456,665,128 25,258,027 SH   DFND 1 25,258,027 0 0
MASTEC INC COM 576323109   501,058 5,872 SH   DFND   5,872 0 0
MASTEC INC COM 576323109   36,126,930 423,379 SH   DFND 1 423,379 0 0
MGM RESORTS INTERNATIONAL COM 552953101   79,487,459 2,370,637 SH   DFND 1 2,370,637 0 0
MGM RESORTS INTERNATIONAL COM 552953101   790,067 23,563 SH   DFND 2 23,563 0 0
MICRON TECHNOLOGY INC COM 595112103   1,132,347 22,656 SH   DFND 2 22,656 0 0
MICRON TECHNOLOGY INC COM 595112103   21,191,170 423,993 SH   DFND 1 423,993 0 0
MICRON TECHNOLOGY INC COM 595112103   281,138 5,625 SH   DFND   5,625 0 0
MICROSOFT CORP COM 594918104   33,366,636 139,132 SH   DFND 1 139,132 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   296,968,253 1,152,335 SH   DFND 1 1,152,335 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   9,108,760 35,345 SH   DFND 2 35,345 0 0
NETEASE INC SPONSORED ADS 64110W102   334,366,005 4,603,690 SH   DFND 1 4,603,690 0 0
NVR INC COM 62944T105   788,751 171 SH   DFND 2 171 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   12,881,586 15,262 SH   DFND 1 15,262 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   2,347,247 2,781 SH   DFND 2 2,781 0 0
PAYPAL HLDGS INC COM 70450Y103   1,805,213 25,347 SH   DFND 2 25,347 0 0
PORTILLOS INC COM CL A 73642K106   75,788,905 4,643,928 SH   DFND 1 4,643,928 0 0
PORTILLOS INC COM CL A 73642K106   122,220 7,489 SH   DFND   7,489 0 0
PROGRESSIVE CORP COM 743315103   444,264,922 3,425,063 SH   DFND 1 3,425,063 0 0
PROGRESSIVE CORP COM 743315103   10,976,838 84,626 SH   DFND 2 84,626 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   153,318,785 832,214 SH   DFND 1 832,214 0 0
RXO INC COMMON STOCK 74982T103   6,133,159 356,579 SH   DFND 2 356,579 0 0
RXO INC COMMON STOCK 74982T103   256,662,339 14,922,229 SH   DFND 1 14,922,229 0 0
RYANAIR HOLDINGS PLC SPONSORED ADS 783513203   949,452 12,700 SH   DFND 1 12,700 0 0
S&P GLOBAL INC COM 78409V104   20,029,412 59,800 SH   DFND 1 59,800 0 0
SALESFORCE INC COM 79466L302   16,177,571 122,012 SH   DFND 1 122,012 0 0
SCHLUMBERGER LTD COM STK 806857108   720,374 13,475 SH   DFND   13,475 0 0
SCHLUMBERGER LTD COM STK 806857108   198,628,812 3,715,466 SH   DFND 1 3,715,466 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   7,750,542 88,608 SH   DFND 2 88,608 0 0
SENDAS DISTRIBUIDORA S A SPON ADS 81689T104   14,247,469 778,125 SH   DFND 1 778,125 0 0
SHELL PLC SPON ADS 780259305   392,036,169 6,883,866 SH   DFND 1 6,883,866 0 0
SHELL PLC SPON ADS 780259305   1,069,635 18,782 SH   DFND   18,782 0 0
SIMON PPTY GROUP INC NEW COM 828806109   46,129,579 392,659 SH   DFND 1 392,659 0 0
SIMON PPTY GROUP INC NEW COM 828806109   569,308 4,846 SH   DFND   4,846 0 0
SOUTHWEST AIRLS CO COM 844741108   469,259 13,937 SH   DFND   13,937 0 0
SOUTHWEST AIRLS CO COM 844741108   36,043,701 1,070,499 SH   DFND 1 1,070,499 0 0
SPDR GOLD TR GOLD SHS 78463V107   4,278,999 25,224 SH   DFND   25,224 0 0
SPDR GOLD TR GOLD SHS 78463V107   169,489,020 999,110 SH   DFND 1 999,110 0 0
SPLUNK INC COM 848637104   903,342 10,493 SH   DFND 2 10,493 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209   4,317,960 538,399 SH   DFND 1 538,399 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209   102,119 12,733 SH   DFND   12,733 0 0
SUNRUN INC COM 86771W105   289,027,304 12,032,777 SH   DFND 1 12,032,777 0 0
SUNRUN INC COM 86771W105   4,378,486 182,285 SH   DFND 2 182,285 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   479,365,274 6,435,297 SH   DFND 1 6,435,297 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   744,826 9,999 SH   DFND   9,999 0 0
TECK RESOURCES LTD CL B 878742204   77,607,283 2,052,017 SH   DFND 1 2,052,017 0 0
TENARIS S A SPONSORED ADS 88031M109   8,088,804 230,057 SH   DFND 1 230,057 0 0
TENARIS S A SPONSORED ADS 88031M109   84,243 2,396 SH   DFND   2,396 0 0
TEXAS INSTRS INC COM 882508104   103,263 625 SH   DFND   625 0 0
TEXAS INSTRS INC COM 882508104   26,328,633 159,355 SH   DFND 1 159,355 0 0
UNITEDHEALTH GROUP INC COM 91324P102   367,294,389 692,773 SH   DFND 1 692,773 0 0
UNITEDHEALTH GROUP INC COM 91324P102   6,862,120 12,943 SH   DFND 2 12,943 0 0
VALARIS LIMITED CL A G9460G101   239,140,159 3,536,530 SH   DFND 1 3,536,530 0 0
VALARIS LIMITED CL A G9460G101   188,119 2,782 SH   DFND   2,782 0 0
VALE S A SPONSORED ADS 91912E105   199,133,650 11,734,452 SH   DFND 1 11,734,452 0 0
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103   64,714,844 4,744,490 SH   DFND 1 4,744,490 0 0
VISA INC COM CL A 92826C839   33,483,225 161,163 SH   DFND 1 161,163 0 0
WESTLAKE CORPORATION COM 960413102   200,249,853 1,952,895 SH   DFND 1 1,952,895 0 0
WESTLAKE CORPORATION COM 960413102   344,022 3,355 SH   DFND   3,355 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   208,883 5,345 SH   DFND   5,345 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   80,371,889 2,056,599 SH   DFND 1 2,056,599 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   4,160,418 106,459 SH   DFND 2 106,459 0 0
XP INC CL A G98239109   42,950,405 2,799,896 SH   DFND 1 2,799,896 0 0
XP INC CL A G98239109   84,907 5,535 SH   DFND   5,535 0 0
XPO INC COM 983793100   4,691,526 140,929 SH   DFND 2 140,929 0 0
XPO INC COM 983793100   327,951,242 9,851,344 SH   DFND 1 9,851,344 0 0
YANDEX N V SHS CLASS A N97284108   0 3,056,164 SH   DFND 1 3,056,164 0 0
YOUDAO INC SPONSORED ADS 98741T104   79,666,168 14,807,838 SH   DFND 1 14,807,838 0 0