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		<n1:nameOfIssuer>3M  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>88579Y101</n1:cusip>
		<n1:value>227676781</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1567698</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1567698</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ABBOTT    LABORATORIES</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>002824100</n1:cusip>
		<n1:value>149996866</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1460961</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1460961</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
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	<n1:infoTable>
		<n1:nameOfIssuer>ABBVIE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00287Y109</n1:cusip>
		<n1:value>116634885</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>536277</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>536277</n1:Shared>
			<n1:None>0</n1:None>
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	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ACCENTURE    PLC   IRELAND</n1:nameOfIssuer>
		<n1:titleOfClass>SHS       CLASS   A</n1:titleOfClass>
		<n1:cusip>G1151C101</n1:cusip>
		<n1:value>88384198</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>445732</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>445732</n1:Shared>
			<n1:None>0</n1:None>
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	<n1:infoTable>
		<n1:nameOfIssuer>ADOBE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00724F101</n1:cusip>
		<n1:value>82788673</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>340582</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>340582</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AECOM</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00766T100</n1:cusip>
		<n1:value>15253350</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>179832</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>179832</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AERCAP     HOLDINGS    NV</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>N00985106</n1:cusip>
		<n1:value>395353</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2882</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2882</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AFLAC  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>001055102</n1:cusip>
		<n1:value>13871074</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>126434</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>126434</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AGILENT   TECHNOLOGIES        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00846U101</n1:cusip>
		<n1:value>102589637</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>900067</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>900067</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AGNICO   EAGLE    MINES  LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>008474108</n1:cusip>
		<n1:value>3789966</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18703</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18703</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AGREE   RLTY  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>008492100</n1:cusip>
		<n1:value>2637848</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34994</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>34994</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALASKA   AIR   GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>011659109</n1:cusip>
		<n1:value>678775</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18455</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18455</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALBEMARLE     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>012653101</n1:cusip>
		<n1:value>18911152</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>105337</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>105337</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALCON   AG</n1:nameOfIssuer>
		<n1:titleOfClass>ORD    SHS</n1:titleOfClass>
		<n1:cusip>H01301128</n1:cusip>
		<n1:value>1271380</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>17172</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>17172</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALEXANDRIA       REAL   ESTATE       EQ  IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>015271109</n1:cusip>
		<n1:value>22364599</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>481788</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>481788</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALIGN   TECHNOLOGY         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>016255101</n1:cusip>
		<n1:value>1312297</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7655</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7655</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALLEGION     PLC</n1:nameOfIssuer>
		<n1:titleOfClass>ORD       SHS</n1:titleOfClass>
		<n1:cusip>G0176J109</n1:cusip>
		<n1:value>12964227</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>89230</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>89230</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALLSTATE    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>020002101</n1:cusip>
		<n1:value>92050252</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>443958</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>443958</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALNYLAM  PHARMACEUTICALS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>02043Q107</n1:cusip>
		<n1:value>13949479</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>42160</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>42160</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALPHABET     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CAP       STK  CL  C</n1:titleOfClass>
		<n1:cusip>02079K107</n1:cusip>
		<n1:value>600254837</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2092501</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2092501</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALPHABET     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CAP       STK  CL  A</n1:titleOfClass>
		<n1:cusip>02079K305</n1:cusip>
		<n1:value>576823218</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2005923</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2005923</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALTRIA   GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>02209S103</n1:cusip>
		<n1:value>35797529</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>542469</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>542469</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMAZON   COM    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>023135106</n1:cusip>
		<n1:value>633013964</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3039391</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3039391</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMEREN    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>023608102</n1:cusip>
		<n1:value>20794336</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>189177</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>189177</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  ELEC   PWR  CO      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>025537101</n1:cusip>
		<n1:value>16727250</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>127611</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>127611</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  EXPRESS     CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>025816109</n1:cusip>
		<n1:value>159092683</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>525961</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>525961</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  FINANCIAL       GROUP    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>025932104</n1:cusip>
		<n1:value>1797391</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14074</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14074</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  HOMES  4    RENT</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>02665T306</n1:cusip>
		<n1:value>1205809</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>43188</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>43188</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  INTL   GROUP    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>026874784</n1:cusip>
		<n1:value>18486968</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>245674</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>245674</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  TOWER     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03027X100</n1:cusip>
		<n1:value>23967910</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>138880</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>138880</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICAN  WTR   WKS   CO   INC   NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>030420103</n1:cusip>
		<n1:value>8391173</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>61659</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>61659</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERICOLD       REALTY     TRUST  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03064D108</n1:cusip>
		<n1:value>1536591</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>134083</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>134083</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMERIPRISE      FINL    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03076C106</n1:cusip>
		<n1:value>113484206</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>255365</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>255365</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMETEK     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>031100100</n1:cusip>
		<n1:value>14659652</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>68388</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>68388</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMGEN   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>031162100</n1:cusip>
		<n1:value>33435250</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>95027</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>95027</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMKOR   TECHNOLOGY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>031652100</n1:cusip>
		<n1:value>1479821</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>32863</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>32863</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMPHENOL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>032095101</n1:cusip>
		<n1:value>294085690</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2327548</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2327548</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ANALOG   DEVICES     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>032654105</n1:cusip>
		<n1:value>1169801</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3677</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3677</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ANGLOGOLD     ASHANTI       PLC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    SHS</n1:titleOfClass>
		<n1:cusip>G0378L100</n1:cusip>
		<n1:value>578513</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5942</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5942</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ANNALY   CAPITAL    MANAGEMENT        IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>035710839</n1:cusip>
		<n1:value>1317201</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>62279</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>62279</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ANTERO   RESOURCES     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03674X106</n1:cusip>
		<n1:value>681289</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16053</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16053</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>API   GROUP    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       STK</n1:titleOfClass>
		<n1:cusip>00187Y100</n1:cusip>
		<n1:value>3029478</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>74765</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>74765</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APPLE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>037833100</n1:cusip>
		<n1:value>1529480662</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6026560</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6026560</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APPLIED   INDL   TECHNOLOGIES       IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03820C105</n1:cusip>
		<n1:value>5301890</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>19983</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>19983</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APPLIED   MATLS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>038222105</n1:cusip>
		<n1:value>1389718</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4066</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4066</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APTARGROUP     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>038336103</n1:cusip>
		<n1:value>4468669</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35460</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35460</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APTIV   PLC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    SHS</n1:titleOfClass>
		<n1:cusip>G3265R107</n1:cusip>
		<n1:value>2935090</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>42268</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>42268</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ARCH   CAP  GROUP      LTD</n1:nameOfIssuer>
		<n1:titleOfClass>ORD</n1:titleOfClass>
		<n1:cusip>G0450A105</n1:cusip>
		<n1:value>22986341</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>239466</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>239466</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ARCHER   DANIELS     MIDLAND    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>039483102</n1:cusip>
		<n1:value>61028416</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>839571</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>839571</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ARISTA     NETWORKS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       SHS</n1:titleOfClass>
		<n1:cusip>040413205</n1:cusip>
		<n1:value>153578626</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1250844</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1250844</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ARMSTRONG     WORLD   INDS   INC  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>04247X102</n1:cusip>
		<n1:value>2918278</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>17708</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>17708</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ASSURANT   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>04621X108</n1:cusip>
		<n1:value>1826337</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8385</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8385</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ASTRAZENECA     PLC</n1:nameOfIssuer>
		<n1:titleOfClass>ORD</n1:titleOfClass>
		<n1:cusip>G0593M107</n1:cusip>
		<n1:value>19592773</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>100830</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>100830</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AT&amp;T  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00206R102</n1:cusip>
		<n1:value>236864998</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8170576</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8170576</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ATI  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>01741R102</n1:cusip>
		<n1:value>8438135</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>58010</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>58010</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ATMOS   ENERGY   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>049560105</n1:cusip>
		<n1:value>12577215</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>68088</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>68088</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AURORA   INNOVATION  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS       A  COM</n1:titleOfClass>
		<n1:cusip>051774107</n1:cusip>
		<n1:value>534113</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>129639</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>129639</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AUTODESK   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>052769106</n1:cusip>
		<n1:value>102942958</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>430004</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>430004</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AUTOMATIC     DATA  PROCESSING      IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>053015103</n1:cusip>
		<n1:value>210338438</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1035232</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1035232</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AUTOZONE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>053332102</n1:cusip>
		<n1:value>7907383</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2341</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2341</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AVALONBAY     CMNTYS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>053484101</n1:cusip>
		<n1:value>5063360</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>30997</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>30997</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AVANTOR     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>05352A100</n1:cusip>
		<n1:value>2863035</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>365183</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>365183</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AVERY   DENNISON      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>053611109</n1:cusip>
		<n1:value>570535</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3304</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3304</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AXIS   CAP    HLDGS   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G0692U109</n1:cusip>
		<n1:value>2527441</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24923</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24923</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BAKER   HUGHES      COMPANY</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>05722G100</n1:cusip>
		<n1:value>139387162</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2283164</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2283164</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BALL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>058498106</n1:cusip>
		<n1:value>635964</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10759</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10759</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BANK  AMERICA     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>060505104</n1:cusip>
		<n1:value>103284675</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2118660</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2118660</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BANK  MONTREAL    MEDIUM</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>063671101</n1:cusip>
		<n1:value>1446150</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10695</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10695</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BANK  NOVA  SCOTIA     B  C</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>064149107</n1:cusip>
		<n1:value>1107758</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16001</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16001</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BANK  OZK   LITTLE  ROCK     ARK</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>06417N103</n1:cusip>
		<n1:value>960248</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20925</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>20925</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BARRICK      MNG   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM    SHS</n1:titleOfClass>
		<n1:cusip>06849F108</n1:cusip>
		<n1:value>5569175</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>136507</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>136507</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BATH   &amp;  BODY     WORKS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>070830104</n1:cusip>
		<n1:value>1064993</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>57043</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>57043</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BAXTER    INTL     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>071813109</n1:cusip>
		<n1:value>1189759</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>70819</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>70819</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BENTLEY    SYS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   B</n1:titleOfClass>
		<n1:cusip>08265T208</n1:cusip>
		<n1:value>5977459</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>170201</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>170201</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BERKLEY    W  R    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>084423102</n1:cusip>
		<n1:value>2382435</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35945</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35945</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BERKSHIRE     HATHAWAY        INC  DEL</n1:nameOfIssuer>
		<n1:titleOfClass>CL     B  NEW</n1:titleOfClass>
		<n1:cusip>084670702</n1:cusip>
		<n1:value>159416422</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>332672</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>332672</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BEST  BUY     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>086516101</n1:cusip>
		<n1:value>102999142</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1604348</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1604348</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BIOMARIN     PHARMACEUTICAL      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>09061G101</n1:cusip>
		<n1:value>1984042</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35122</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35122</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BJS    WHSL    CLUB  HLDGS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>05550J101</n1:cusip>
		<n1:value>7917298</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>80444</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>80444</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLACKROCK     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>09290D101</n1:cusip>
		<n1:value>5965487</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6203</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6203</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLACKSTONE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>09260D107</n1:cusip>
		<n1:value>160438648</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1395240</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1395240</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLOOM   ENERGY     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL  A</n1:titleOfClass>
		<n1:cusip>093712107</n1:cusip>
		<n1:value>7014859</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>51774</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>51774</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLUE  OWL    CAPITAL    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL    A</n1:titleOfClass>
		<n1:cusip>09581B103</n1:cusip>
		<n1:value>4944753</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>541594</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>541594</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BOEING   CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>097023105</n1:cusip>
		<n1:value>2417816</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12148</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12148</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BOOKING  HOLDINGS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>09857L108</n1:cusip>
		<n1:value>56675118</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13461</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13461</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BORGWARNER   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>099724106</n1:cusip>
		<n1:value>3568355</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>65764</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>65764</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BOSTON     SCIENTIFIC       CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>101137107</n1:cusip>
		<n1:value>142702285</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2274140</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2274140</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BRIGHT   HORIZONS     FAM   SOL   IN  D</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>109194100</n1:cusip>
		<n1:value>1063912</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12954</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12954</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BRISTOL-MYERS      SQUIBB      CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>110122108</n1:cusip>
		<n1:value>205730501</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3392094</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3392094</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BROADCOM     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>11135F101</n1:cusip>
		<n1:value>439543198</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1420126</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1420126</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BROOKFIELD      ASSET     MANAGMT   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A  LMT   VTG     SHS</n1:titleOfClass>
		<n1:cusip>113004105</n1:cusip>
		<n1:value>470757</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10606</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10606</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BROOKFIELD      RENEWABLE     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A    EX  SUB     VTG</n1:titleOfClass>
		<n1:cusip>11285B108</n1:cusip>
		<n1:value>1284024</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>32240</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>32240</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BUILDERS   FIRSTSOURCE         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12008R107</n1:cusip>
		<n1:value>13169342</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>159958</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>159958</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BXP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>101121101</n1:cusip>
		<n1:value>5677704</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>109397</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>109397</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>C   H  ROBINSON      WORLDWIDE       IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>12541W209</n1:cusip>
		<n1:value>27266535</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>164187</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>164187</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CADENCE   DESIGN        SYSTEM  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>127387108</n1:cusip>
		<n1:value>14245283</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>51266</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>51266</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CAE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>124765108</n1:cusip>
		<n1:value>575118</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22126</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22126</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CAMDEN   PPTY   TR</n1:nameOfIssuer>
		<n1:titleOfClass>SH     BEN     INT</n1:titleOfClass>
		<n1:cusip>133131102</n1:cusip>
		<n1:value>575901</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5897</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5897</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CAMECO   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>13321L108</n1:cusip>
		<n1:value>970782</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8942</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8942</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CANADIAN   IMPERIAL      BANK     OF  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>136069101</n1:cusip>
		<n1:value>5968876</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>63087</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>63087</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CANADIAN   NATL     RY  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>136375102</n1:cusip>
		<n1:value>630483</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6136</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6136</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CANADIAN  NAT   RES    LTD   MED  TER</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>136385101</n1:cusip>
		<n1:value>202393</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4156</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4156</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CAPITAL   ONE  FINL     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>14040H105</n1:cusip>
		<n1:value>157115648</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>861238</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>861238</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CARIS   LIFE  SCIENCES      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>142152107</n1:cusip>
		<n1:value>3481415</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>194710</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>194710</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CARLISLE   COS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>142339100</n1:cusip>
		<n1:value>5628837</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16872</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16872</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CARMAX   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>143130102</n1:cusip>
		<n1:value>9446269</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>227183</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>227183</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CARNIVAL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COMMON      STOCK</n1:titleOfClass>
		<n1:cusip>143658300</n1:cusip>
		<n1:value>7569072</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>292468</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>292468</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CARPENTER     TECHNOLOGY      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>144285103</n1:cusip>
		<n1:value>4587118</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11638</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11638</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CATERPILLAR    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>149123101</n1:cusip>
		<n1:value>47383222</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>66882</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>66882</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CBOE      GLOBAL    MKTS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12503M108</n1:cusip>
		<n1:value>807233</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2872</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2872</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CBRE      GROUP     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>12504L109</n1:cusip>
		<n1:value>58686555</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>433239</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>433239</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CDW    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12514G108</n1:cusip>
		<n1:value>8266150</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>68304</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>68304</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CELANESE     CORP     DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>150870103</n1:cusip>
		<n1:value>558913</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8498</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8498</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CELESTICA     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>15101Q207</n1:cusip>
		<n1:value>3369812</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11966</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11966</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CENCORA    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03073E105</n1:cusip>
		<n1:value>5776720</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18389</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18389</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CENTENE    CORP   DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>15135B101</n1:cusip>
		<n1:value>63173140</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1929540</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1929540</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CENTERPOINT      ENERGY    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>15189T107</n1:cusip>
		<n1:value>43959884</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1018533</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1018533</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHARTER  COMMUNICATIONS       INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>16119P108</n1:cusip>
		<n1:value>28169749</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>130488</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>130488</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHECK   POINT     SOFTWARE    TECH  LT</n1:nameOfIssuer>
		<n1:titleOfClass>ORD</n1:titleOfClass>
		<n1:cusip>M22465104</n1:cusip>
		<n1:value>10476333</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>73338</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>73338</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHEMED   CORP  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>16359R103</n1:cusip>
		<n1:value>4459221</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11805</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11805</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHENIERE     ENERGY     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>16411R208</n1:cusip>
		<n1:value>111029329</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>391279</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>391279</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHEVRON   CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>166764100</n1:cusip>
		<n1:value>226044871</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1092532</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1092532</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHEWY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>16679L109</n1:cusip>
		<n1:value>14530563</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>538169</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>538169</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHIPOTLE    MEXICAN     GRILL     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>169656105</n1:cusip>
		<n1:value>121682430</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3801388</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3801388</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHOICE   HOTELS    INTL     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>169905106</n1:cusip>
		<n1:value>636628</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6151</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6151</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHURCH   &amp;  DWIGHT     CO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>171340102</n1:cusip>
		<n1:value>14741667</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>157969</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>157969</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CHURCHILL     DOWNS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>171484108</n1:cusip>
		<n1:value>1457492</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16225</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16225</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CINCINNATI    FINL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>172062101</n1:cusip>
		<n1:value>217772</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1384</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1384</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CIRCLE  INTERNET     GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>172573107</n1:cusip>
		<n1:value>295580</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3098</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3098</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CIRRUS  LOGIC        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>172755100</n1:cusip>
		<n1:value>3581514</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24765</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24765</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CITIGROUP       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>172967424</n1:cusip>
		<n1:value>101826189</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>897859</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>897859</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CLEAN   HARBORS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>184496107</n1:cusip>
		<n1:value>3357608</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11710</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11710</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CLEVELAND-CLIFFS        INC      NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>185899101</n1:cusip>
		<n1:value>203307</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24060</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24060</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CME  GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12572Q105</n1:cusip>
		<n1:value>17948420</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>60770</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>60770</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CMS  ENERGY  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>125896100</n1:cusip>
		<n1:value>13128243</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>169222</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>169222</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CNH  INDL     N     V</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>N20944109</n1:cusip>
		<n1:value>29799869</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2709079</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2709079</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COCA   COLA  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>191216100</n1:cusip>
		<n1:value>23624856</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>310649</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>310649</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COCA   COLA  CONS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>191098102</n1:cusip>
		<n1:value>7425515</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>38727</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>38727</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COCA-COLA     EUROPACIFIC        PARTNE</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G25839104</n1:cusip>
		<n1:value>19307451</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>212942</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>212942</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COEUR   MNG  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>192108504</n1:cusip>
		<n1:value>6421442</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>342112</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>342112</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COGNEX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>192422103</n1:cusip>
		<n1:value>4484447</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>91538</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>91538</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COLGATE   PALMOLIVE   CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>194162103</n1:cusip>
		<n1:value>155508612</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1824576</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1824576</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COMFORT   SYS   USA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>199908104</n1:cusip>
		<n1:value>23224950</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16842</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16842</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CONCENTRIX     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>20602D101</n1:cusip>
		<n1:value>214393</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7836</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7836</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CONSOLIDATED  EDISON  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>209115104</n1:cusip>
		<n1:value>29776866</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>263093</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>263093</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CONSTELLATION      ENERGY    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>21037T109</n1:cusip>
		<n1:value>845010</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3026</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3026</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COPART   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>217204106</n1:cusip>
		<n1:value>26605650</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>801375</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>801375</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CORCEPT  THERAPEUTICS       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>218352102</n1:cusip>
		<n1:value>1960517</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>48636</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>48636</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CORNING   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>219350105</n1:cusip>
		<n1:value>49694316</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>365480</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>365480</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CORTEVA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>22052L104</n1:cusip>
		<n1:value>58270782</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>696103</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>696103</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COSTCO     WHOLESALE       CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>22160K105</n1:cusip>
		<n1:value>250620081</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>251518</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>251518</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COUPANG     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>22266T109</n1:cusip>
		<n1:value>1493672</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>79114</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>79114</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CRANE     COMPANY</n1:nameOfIssuer>
		<n1:titleOfClass>COMMON         STOCK</n1:titleOfClass>
		<n1:cusip>224408104</n1:cusip>
		<n1:value>4204890</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24590</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24590</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CREDIT    ACCEP       CORP     MICH</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>225310101</n1:cusip>
		<n1:value>4710569</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11124</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11124</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CREDO   TECHNOLOGY   GROUP       HOLDI</n1:nameOfIssuer>
		<n1:titleOfClass>ORDINARY          SHARES</n1:titleOfClass>
		<n1:cusip>G25457105</n1:cusip>
		<n1:value>597576</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6366</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6366</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CRH   PLC</n1:nameOfIssuer>
		<n1:titleOfClass>ORD</n1:titleOfClass>
		<n1:cusip>G25508105</n1:cusip>
		<n1:value>33297180</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>316754</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>316754</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CROCS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>227046109</n1:cusip>
		<n1:value>329174</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3965</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3965</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CROWN   HLDGS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>228368106</n1:cusip>
		<n1:value>8603054</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>85816</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>85816</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CUBESMART</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>229663109</n1:cusip>
		<n1:value>979874</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>26736</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>26736</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CUMMINS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>231021106</n1:cusip>
		<n1:value>164167657</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>305133</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>305133</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CVS   HEALTH  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>126650100</n1:cusip>
		<n1:value>28681173</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>399348</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>399348</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>D   R  HORTON   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>23331A109</n1:cusip>
		<n1:value>42497995</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>309707</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>309707</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DARLING      INGREDIENTS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>237266101</n1:cusip>
		<n1:value>10323074</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>166905</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>166905</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DAVITA     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>23918K108</n1:cusip>
		<n1:value>3268986</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21270</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>21270</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DECKERS     OUTDOOR   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>243537107</n1:cusip>
		<n1:value>6209383</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>62038</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>62038</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DELL   TECHNOLOGIES       INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     C</n1:titleOfClass>
		<n1:cusip>24703L202</n1:cusip>
		<n1:value>14894305</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>90747</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>90747</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DENTSPLY     SIRONA  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>24906P109</n1:cusip>
		<n1:value>464174</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>40015</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>40015</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DESCARTES    SYS    GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>249906108</n1:cusip>
		<n1:value>1436473</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20089</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>20089</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DEUTSCHE     BK     AG</n1:nameOfIssuer>
		<n1:titleOfClass>NAMEN         AKT</n1:titleOfClass>
		<n1:cusip>D18190898</n1:cusip>
		<n1:value>29897158</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1031136</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1031136</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DEVON   ENERGY   CORP    NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>25179M103</n1:cusip>
		<n1:value>1215832</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24162</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24162</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DEXCOM   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>252131107</n1:cusip>
		<n1:value>13640662</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>217208</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>217208</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DICKS   SPORTING         GOODS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>253393102</n1:cusip>
		<n1:value>7929617</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39990</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39990</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DILLARDS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>254067101</n1:cusip>
		<n1:value>1775257</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3103</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3103</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOCUSIGN     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>256163106</n1:cusip>
		<n1:value>52674643</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1111045</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1111045</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOLBY   LABORATORIES        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL  A</n1:titleOfClass>
		<n1:cusip>25659T107</n1:cusip>
		<n1:value>1377116</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22929</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22929</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOLLAR  GEN   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>256677105</n1:cusip>
		<n1:value>151262614</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1274005</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1274005</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOLLAR  TREE      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>256746108</n1:cusip>
		<n1:value>133081261</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1215243</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1215243</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOMINION    ENERGY    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>25746U109</n1:cusip>
		<n1:value>1209385</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>19563</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>19563</n1:Shared>
			<n1:None>0</n1:None>
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	<n1:infoTable>
		<n1:nameOfIssuer>DOMINOS     PIZZA  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>25754A201</n1:cusip>
		<n1:value>136706883</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>381022</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>381022</n1:Shared>
			<n1:None>0</n1:None>
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	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOW   HLDGS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>260557103</n1:cusip>
		<n1:value>171956565</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4128609</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4128609</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DOXIMITY    INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>26622P107</n1:cusip>
		<n1:value>551325</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23662</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>23662</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DROPBOX    INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>26210C104</n1:cusip>
		<n1:value>3956529</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>174143</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>174143</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DTE   ENERGY  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>233331107</n1:cusip>
		<n1:value>19528851</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>133558</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>133558</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DUKE   ENERGY    CORP   NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>26441C204</n1:cusip>
		<n1:value>30016424</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>229238</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>229238</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DUOLINGO    INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A  COM</n1:titleOfClass>
		<n1:cusip>26603R106</n1:cusip>
		<n1:value>4058225</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41171</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>41171</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DUPONT  DE    NEMOURS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>26614N102</n1:cusip>
		<n1:value>63160078</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1379041</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1379041</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DYNATRACE     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>268150109</n1:cusip>
		<n1:value>84867288</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2294951</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2294951</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EASTGROUP       PPTYS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>277276101</n1:cusip>
		<n1:value>1049090</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5668</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5668</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EBAY   INC.</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>278642103</n1:cusip>
		<n1:value>76668148</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>842322</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>842322</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ECHOSTAR     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>278768106</n1:cusip>
		<n1:value>50441248</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>430864</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>430864</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ECOLAB   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>278865100</n1:cusip>
		<n1:value>15926883</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>59871</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>59871</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EDISON   INTL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>281020107</n1:cusip>
		<n1:value>8096635</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>110640</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>110640</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EDWARDS    LIFESCIENCES        CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>28176E108</n1:cusip>
		<n1:value>21665964</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>270554</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>270554</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELANCO     ANIMAL    HEALTH    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>28414H103</n1:cusip>
		<n1:value>2768892</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>115708</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>115708</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELASTIC    N     V</n1:nameOfIssuer>
		<n1:titleOfClass>ORD       SHS</n1:titleOfClass>
		<n1:cusip>N14506104</n1:cusip>
		<n1:value>1138022</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22765</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22765</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELI  LILLY  &amp;  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>532457108</n1:cusip>
		<n1:value>305200841</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>331823</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>331823</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EMCOR   GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29084Q100</n1:cusip>
		<n1:value>60090313</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>81389</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>81389</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EMERSON   ELEC    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>291011104</n1:cusip>
		<n1:value>88055660</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>672078</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>672078</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENBRIDGE     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29250N105</n1:cusip>
		<n1:value>5395041</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>99692</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>99692</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENTEGRIS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29362U104</n1:cusip>
		<n1:value>25238489</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>215272</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>215272</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENTERGY   CORP    NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29364G103</n1:cusip>
		<n1:value>466406</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4151</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4151</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENVISTA    HOLDINGS   CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29415F104</n1:cusip>
		<n1:value>1367697</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>53910</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>53910</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EOG    RES     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>26875P101</n1:cusip>
		<n1:value>95849476</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>662997</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>662997</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQT    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>26884L109</n1:cusip>
		<n1:value>68277638</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1072873</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1072873</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQUIFAX  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>294429105</n1:cusip>
		<n1:value>66264500</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>367993</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>367993</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQUINIX  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29444U700</n1:cusip>
		<n1:value>33857490</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34540</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>34540</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQUITABLE    HLDGS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29452E101</n1:cusip>
		<n1:value>38355931</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1033574</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1033574</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQUITY  LIFESTYLE    PROPERTIES</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>29472R108</n1:cusip>
		<n1:value>5924594</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>94915</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>94915</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EQUITY  RESIDENTIAL</n1:nameOfIssuer>
		<n1:titleOfClass>SH     BEN    INT</n1:titleOfClass>
		<n1:cusip>29476L107</n1:cusip>
		<n1:value>10208876</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>172593</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>172593</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ERIE   INDTY   CO</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>29530P102</n1:cusip>
		<n1:value>717490</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2855</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2855</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ESSEX  PPTY     TR  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>297178105</n1:cusip>
		<n1:value>2125728</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8784</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8784</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EURONET     WORLDWIDE      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>298736109</n1:cusip>
		<n1:value>1276627</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>19235</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>19235</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERCORE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS       A</n1:titleOfClass>
		<n1:cusip>29977A105</n1:cusip>
		<n1:value>1077024</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3608</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3608</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVEREST     GROUP   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>G3223R108</n1:cusip>
		<n1:value>453995</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1389</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1389</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERGY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30034W106</n1:cusip>
		<n1:value>6995558</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>85395</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>85395</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERPURE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>74624M102</n1:cusip>
		<n1:value>49286179</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>834793</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>834793</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERSOURCE      ENERGY</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30040W108</n1:cusip>
		<n1:value>20200247</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>291574</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>291574</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERUS   CONSTR     GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>300426103</n1:cusip>
		<n1:value>6471105</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>54812</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>54812</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXELIXIS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30161Q104</n1:cusip>
		<n1:value>10135936</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>236324</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>236324</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXELON   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30161N101</n1:cusip>
		<n1:value>44853055</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>914995</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>914995</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXLSERVICE     HLDGS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>302081104</n1:cusip>
		<n1:value>4878181</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>160203</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>160203</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXPAND   ENERGY  CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>165167735</n1:cusip>
		<n1:value>42367835</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>385934</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>385934</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXPEDIA   GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>30212P303</n1:cusip>
		<n1:value>81740370</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>354023</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>354023</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXPEDITORS     INTL   WASH   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>302130109</n1:cusip>
		<n1:value>38031575</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>265528</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>265528</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXXON     MOBIL      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30231G102</n1:cusip>
		<n1:value>253014637</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1491304</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1491304</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FASTENAL     CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>311900104</n1:cusip>
		<n1:value>10663602</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>229819</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>229819</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FEDEX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>31428X106</n1:cusip>
		<n1:value>17348103</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>48706</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>48706</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FERRARI    N     V</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>N3167Y103</n1:cusip>
		<n1:value>2013186</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6034</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6034</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIDELITY  NATL  FINL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    SHS</n1:titleOfClass>
		<n1:cusip>31620R303</n1:cusip>
		<n1:value>12587532</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>271400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>271400</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIDELITY  NATL  INFORMATION     SV</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>31620M106</n1:cusip>
		<n1:value>18106932</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>385993</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>385993</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRST  CTZNS  BANCSHARES         INC     D</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>31946M103</n1:cusip>
		<n1:value>38188866</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20263</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>20263</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRST  SOLAR  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>336433107</n1:cusip>
		<n1:value>14622687</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>74129</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>74129</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRSTENERGY      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>337932107</n1:cusip>
		<n1:value>553866</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10933</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10933</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRSTSERVICE      CORP  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>33767E202</n1:cusip>
		<n1:value>216371</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1558</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1558</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FISERV  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>337738108</n1:cusip>
		<n1:value>13172315</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>236063</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>236063</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FLEXTRONICS     INTL     LTD</n1:nameOfIssuer>
		<n1:titleOfClass>ORD</n1:titleOfClass>
		<n1:cusip>Y2573F102</n1:cusip>
		<n1:value>30332397</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>463373</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>463373</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FLOWERS       FOODS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>343498101</n1:cusip>
		<n1:value>230612</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>28296</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>28296</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FLOWSERVE        CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>34354P105</n1:cusip>
		<n1:value>1315903</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>17901</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>17901</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FLUTTER     ENTMT   PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G3643J108</n1:cusip>
		<n1:value>32447321</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>318267</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>318267</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FORD   MTR  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>345370860</n1:cusip>
		<n1:value>34932134</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3027048</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3027048</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FORTINET   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>34959E109</n1:cusip>
		<n1:value>281199</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3441</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3441</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FORTIVE   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>34959J108</n1:cusip>
		<n1:value>3584853</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>64849</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>64849</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FOX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     B  COM</n1:titleOfClass>
		<n1:cusip>35137L204</n1:cusip>
		<n1:value>3144688</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>59222</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>59222</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FOX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A  COM</n1:titleOfClass>
		<n1:cusip>35137L105</n1:cusip>
		<n1:value>13697662</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>234549</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>234549</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FREEDOM   HOLDING   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>356390104</n1:cusip>
		<n1:value>535042</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3693</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3693</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GARMIN   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>H2906T109</n1:cusip>
		<n1:value>84239119</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>363084</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>363084</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GARTNER      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>366651107</n1:cusip>
		<n1:value>36911746</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>233117</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>233117</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GE   AEROSPACE</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>369604301</n1:cusip>
		<n1:value>78138340</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>275358</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>275358</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GE   HEALTHCARE     TECHNOLOGIES            I</n1:nameOfIssuer>
		<n1:titleOfClass>COMMON        STOCK</n1:titleOfClass>
		<n1:cusip>36266G107</n1:cusip>
		<n1:value>6455741</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>90696</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>90696</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GE   VERNOVA      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>36828A101</n1:cusip>
		<n1:value>111629944</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>127884</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>127884</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GEN   DIGITAL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>668771108</n1:cusip>
		<n1:value>9229073</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>490126</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>490126</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAC  HLDGS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>368736104</n1:cusip>
		<n1:value>12418300</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>63576</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>63576</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAL  DYNAMICS          CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>369550108</n1:cusip>
		<n1:value>50326692</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>146631</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>146631</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAL  MILLS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>370334104</n1:cusip>
		<n1:value>12438626</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>334192</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>334192</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAL  MTRS      CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>37045V100</n1:cusip>
		<n1:value>170052136</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2282579</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2282579</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENTEX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>371901109</n1:cusip>
		<n1:value>2306617</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>105566</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>105566</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GILEAD  SCIENCES      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>375558103</n1:cusip>
		<n1:value>59794608</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>429035</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>429035</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GITLAB    INC</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS         A     COM</n1:titleOfClass>
		<n1:cusip>37637K108</n1:cusip>
		<n1:value>2953470</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>136482</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>136482</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GLOBALFOUNDRIES       INC</n1:nameOfIssuer>
		<n1:titleOfClass>ORDINARY             SHARES</n1:titleOfClass>
		<n1:cusip>G39387108</n1:cusip>
		<n1:value>1051463</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23639</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>23639</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GLOBE   LIFE  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>37959E102</n1:cusip>
		<n1:value>772394</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5550</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5550</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GLOBUS  MED   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>379577208</n1:cusip>
		<n1:value>6341031</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>73596</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>73596</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GODADDY     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>380237107</n1:cusip>
		<n1:value>98080184</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1186406</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1186406</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GOLDMAN  SACHS  GROUP    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>38141G104</n1:cusip>
		<n1:value>45508340</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>53793</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>53793</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GRAB   HOLDINGS      LIMITED</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS         A     ORD</n1:titleOfClass>
		<n1:cusip>G4124C109</n1:cusip>
		<n1:value>117552</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>32118</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>32118</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GRACO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>384109104</n1:cusip>
		<n1:value>30783396</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>363655</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>363655</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GRAND  CANYON   ED  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>38526M106</n1:cusip>
		<n1:value>3029425</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>17817</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>17817</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GRAPHIC  PACKAGING      HLDG    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>388689101</n1:cusip>
		<n1:value>6093170</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>612995</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>612995</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HAMILTON  LANE      INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>407497106</n1:cusip>
		<n1:value>1228087</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12355</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12355</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HANOVER  INS  GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>410867105</n1:cusip>
		<n1:value>1131802</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6529</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6529</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HARTFORD  INSURANCE        GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>416515104</n1:cusip>
		<n1:value>20837050</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>154086</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>154086</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HASBRO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>418056107</n1:cusip>
		<n1:value>2128745</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22743</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22743</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HEALTHPEAK   PROPERTIES         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>42250P103</n1:cusip>
		<n1:value>6987778</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>425306</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>425306</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HEICO   CORP     NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>422806109</n1:cusip>
		<n1:value>18217574</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>66439</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>66439</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HEICO   CORP     NEW</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>422806208</n1:cusip>
		<n1:value>6748547</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>31970</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>31970</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HERSHEY   CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>427866108</n1:cusip>
		<n1:value>39748776</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>191201</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>191201</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HILTON    WORLDWIDE      HLDGS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>43300A203</n1:cusip>
		<n1:value>3365862</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11069</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11069</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HOME   DEPOT     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>437076102</n1:cusip>
		<n1:value>7175393</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21817</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>21817</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HONEYWELL     INTL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>438516106</n1:cusip>
		<n1:value>89272583</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>394959</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>394959</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HOWMET     AEROSPACE       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>443201108</n1:cusip>
		<n1:value>169668339</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>736216</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>736216</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>40434L105</n1:cusip>
		<n1:value>78202738</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4070939</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4070939</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUBSPOT       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>443573100</n1:cusip>
		<n1:value>64850291</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>265671</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>265671</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUMANA     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>444859102</n1:cusip>
		<n1:value>28629810</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>165118</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>165118</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUNT   J   B  TRANS     SVCS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>445658107</n1:cusip>
		<n1:value>43439924</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>205002</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>205002</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUNTINGTON     INGALLS     INDS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>446413106</n1:cusip>
		<n1:value>291383</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>767</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>767</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUNTSMAN      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>447011107</n1:cusip>
		<n1:value>3336564</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>250681</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>250681</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HYATT    HOTELS     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>448579102</n1:cusip>
		<n1:value>2635958</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18332</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18332</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IDACORP     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>451107106</n1:cusip>
		<n1:value>3080575</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21547</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>21547</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IDEXX   LABS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45168D104</n1:cusip>
		<n1:value>55264691</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>98355</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>98355</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ILLINOIS     TOOL   WKS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>452308109</n1:cusip>
		<n1:value>98054366</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>376712</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>376712</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IMPERIAL   OIL   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>453038408</n1:cusip>
		<n1:value>1839020</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14064</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14064</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INCYTE  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45337C102</n1:cusip>
		<n1:value>46468268</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>493713</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>493713</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INGRAM   MICRO    HLDG     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>457152106</n1:cusip>
		<n1:value>2284427</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>98002</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>98002</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INGREDION   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>457187102</n1:cusip>
		<n1:value>1065989</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9462</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>9462</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INSPIRE   MED   SYS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>457730109</n1:cusip>
		<n1:value>3880828</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>75239</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>75239</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INSULET  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45784P101</n1:cusip>
		<n1:value>97239226</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>463397</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>463397</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTERACTIVE    BROKERS       GROUP    IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL   A</n1:titleOfClass>
		<n1:cusip>45841N107</n1:cusip>
		<n1:value>24144865</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>359995</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>359995</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTERCONTINENTAL         EXCHANGE     IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45866F104</n1:cusip>
		<n1:value>46193765</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>293704</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>293704</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTERNATIONAL  PAPER  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>460146103</n1:cusip>
		<n1:value>4939024</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>138348</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>138348</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTUIT</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>461202103</n1:cusip>
		<n1:value>840547</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1944</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1944</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTUITIVE    SURGICAL     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>46120E602</n1:cusip>
		<n1:value>110198738</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>239048</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>239048</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INVITATION   HOMES  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>46187W107</n1:cusip>
		<n1:value>632184</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25440</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25440</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IONIS   PHARMACEUTICALS           INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>462222100</n1:cusip>
		<n1:value>2096813</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>27924</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>27924</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IREN   LIMITED</n1:nameOfIssuer>
		<n1:titleOfClass>ORDINARY         SHARES</n1:titleOfClass>
		<n1:cusip>Q4982L109</n1:cusip>
		<n1:value>6858811</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>200082</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>200082</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IRIDIUM     COMMUNICATIONS        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>46269C102</n1:cusip>
		<n1:value>1535437</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55351</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>55351</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IRON   MTN   INC   DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>46284V101</n1:cusip>
		<n1:value>55977725</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>548049</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>548049</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ITT   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45073V108</n1:cusip>
		<n1:value>2593875</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13614</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13614</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JAZZ   PHARMACEUTICALS           PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS    USD</n1:titleOfClass>
		<n1:cusip>G50871105</n1:cusip>
		<n1:value>4476137</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23677</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>23677</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JEFFERIES      FINANCIAL       GROUP  IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>47233W109</n1:cusip>
		<n1:value>3431188</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>83140</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>83140</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JOHNSON       CONTROLS     INTERNATION</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G51502105</n1:cusip>
		<n1:value>6684343</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>51045</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>51045</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JOHNSON     &amp;  JOHNSON</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>478160104</n1:cusip>
		<n1:value>222440</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>910</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>910</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JONES  LANG      LASALLE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>48020Q107</n1:cusip>
		<n1:value>4066932</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13364</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13364</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JPMORGAN       CHASE      &amp;  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>46625H100</n1:cusip>
		<n1:value>243699794</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>828460</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>828460</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KEMPER    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>488401100</n1:cusip>
		<n1:value>1931056</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>63189</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>63189</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KIMBERLY-CLARK       CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>494368103</n1:cusip>
		<n1:value>80428004</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>833710</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>833710</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KINDER   MORGAN     INC   DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>49456B101</n1:cusip>
		<n1:value>5681927</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>169458</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>169458</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KINROSS   GOLD     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>496902404</n1:cusip>
		<n1:value>3595056</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>117789</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>117789</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KINSALE   CAP     GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>49714P108</n1:cusip>
		<n1:value>5123875</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14997</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14997</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KIRBY   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>497266106</n1:cusip>
		<n1:value>3113113</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23428</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>23428</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KLA  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>482480100</n1:cusip>
		<n1:value>60890043</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41354</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>41354</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KRAFT   HEINZ     CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>500754106</n1:cusip>
		<n1:value>2550254</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>113395</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>113395</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KROGER    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>501044101</n1:cusip>
		<n1:value>8124653</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>112281</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>112281</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>L3HARRIS       TECHNOLOGIES       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>502431109</n1:cusip>
		<n1:value>17785234</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>51529</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>51529</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LAM     RESEARCH     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>512807306</n1:cusip>
		<n1:value>234298060</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1096593</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1096593</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LAMAR   ADVERTISING        CO</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>512816109</n1:cusip>
		<n1:value>1033419</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8159</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8159</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LAS  VEGAS   SANDS    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>517834107</n1:cusip>
		<n1:value>107835809</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2001407</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2001407</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LAUDER   ESTEE   COS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>518439104</n1:cusip>
		<n1:value>548969</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7649</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7649</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LEIDOS   HOLDINGS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>525327102</n1:cusip>
		<n1:value>17485891</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>112435</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>112435</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LENNOX   INTL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>526107107</n1:cusip>
		<n1:value>33518540</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>72218</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>72218</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LEONARDO  DRS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>52661A108</n1:cusip>
		<n1:value>1856529</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41701</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>41701</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LIBERTY    GLOBAL     LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL     A</n1:titleOfClass>
		<n1:cusip>G61188101</n1:cusip>
		<n1:value>268035</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22170</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22170</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LIBERTY    GLOBAL     LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL     C</n1:titleOfClass>
		<n1:cusip>G61188127</n1:cusip>
		<n1:value>136819</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11664</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11664</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LINDE   PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G54950103</n1:cusip>
		<n1:value>25701190</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>51842</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>51842</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LINEAGE   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>53566V106</n1:cusip>
		<n1:value>1435576</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>43821</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>43821</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LITTELFUSE      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>537008104</n1:cusip>
		<n1:value>4158734</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12255</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12255</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LOCKHEED   MARTIN    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>539830109</n1:cusip>
		<n1:value>148716808</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>246061</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>246061</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LOGITECH     INTL  S   A</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>H50430232</n1:cusip>
		<n1:value>17868508</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>197650</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>197650</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LOWES   COS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>548661107</n1:cusip>
		<n1:value>1483838</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6280</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6280</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LYFT      INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A  COM</n1:titleOfClass>
		<n1:cusip>55087P104</n1:cusip>
		<n1:value>3971965</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>298644</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>298644</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LYONDELLBASELL          INDUSTRIES      NV</n1:nameOfIssuer>
		<n1:titleOfClass>SHS       -  A    -</n1:titleOfClass>
		<n1:cusip>N53745100</n1:cusip>
		<n1:value>38125745</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>473259</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>473259</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>M   &amp;  T  BK   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>55261F104</n1:cusip>
		<n1:value>1271328</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6150</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6150</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MADISON   SQUARE   GRDN  SPRT  COR</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>55825T103</n1:cusip>
		<n1:value>696795</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2168</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2168</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MAGNA   INTL  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>559222401</n1:cusip>
		<n1:value>2368456</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>42481</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>42481</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MAGNUM     ICE     CREAM       CO     NV</n1:nameOfIssuer>
		<n1:titleOfClass>ORD    SHS</n1:titleOfClass>
		<n1:cusip>N5505D105</n1:cusip>
		<n1:value>1848272</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>125962</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>125962</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MANHATTAN  ASSOCIATES        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>562750109</n1:cusip>
		<n1:value>1136046</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8534</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8534</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MANULIFE   FINL  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>56501R106</n1:cusip>
		<n1:value>1377701</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>40062</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>40062</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MAPLEBEAR  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>565394103</n1:cusip>
		<n1:value>6039414</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>161223</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>161223</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MARKEL   GROUP    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>570535104</n1:cusip>
		<n1:value>1240317</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>648</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>648</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MARSH   &amp;  MCLENNAN       COS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>571748102</n1:cusip>
		<n1:value>20670210</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>119171</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>119171</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MASCO   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>574599106</n1:cusip>
		<n1:value>31909046</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>528558</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>528558</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MASIMO   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>574795100</n1:cusip>
		<n1:value>225895</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1270</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1270</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MASTERCARD     INCORPORATED</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>57636Q104</n1:cusip>
		<n1:value>288051991</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>576496</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>576496</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MCDONALDS   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>580135101</n1:cusip>
		<n1:value>17626144</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>56714</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>56714</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MCKESSON    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>58155Q103</n1:cusip>
		<n1:value>131179922</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>151590</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>151590</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MEDPACE   HLDGS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>58506Q109</n1:cusip>
		<n1:value>1021364</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2127</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2127</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MERCADOLIBRE          INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>58733R102</n1:cusip>
		<n1:value>36660411</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21203</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>21203</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>META  PLATFORMS      INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>30303M102</n1:cusip>
		<n1:value>435566574</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>761307</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>761307</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>METLIFE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>59156R108</n1:cusip>
		<n1:value>56434701</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>798002</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>798002</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>METTLER    TOLEDO      INTERNATIONAL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>592688105</n1:cusip>
		<n1:value>290076</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>230</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>230</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MGM   RESORTS  INTERNATIONAL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>552953101</n1:cusip>
		<n1:value>2232147</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>60312</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>60312</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MICROCHIP   TECHNOLOGY        INC.</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>595017104</n1:cusip>
		<n1:value>12192618</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>188711</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>188711</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MICRON   TECHNOLOGY    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>595112103</n1:cusip>
		<n1:value>523327336</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1549039</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1549039</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MICROSOFT     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>594918104</n1:cusip>
		<n1:value>1019592546</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2754390</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2754390</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MILLROSE     PPTYS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL   A</n1:titleOfClass>
		<n1:cusip>601137102</n1:cusip>
		<n1:value>1263220</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>45115</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>45115</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MKS   INC.</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>55306N104</n1:cusip>
		<n1:value>10001101</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>43519</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>43519</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOHAWK   INDS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>608190104</n1:cusip>
		<n1:value>3794648</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>38540</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>38540</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOLSON   COORS     BEVERAGE    CO</n1:nameOfIssuer>
		<n1:titleOfClass>CL     B</n1:titleOfClass>
		<n1:cusip>60871R209</n1:cusip>
		<n1:value>649345</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>15080</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>15080</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MONDAY    COM     LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>M7S64H106</n1:cusip>
		<n1:value>1286206</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18611</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18611</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MONGODB   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>60937P106</n1:cusip>
		<n1:value>41641251</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>170124</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>170124</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MONSTER   BEVERAGE       CORP  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>61174X109</n1:cusip>
		<n1:value>26167915</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>361136</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>361136</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOODYS  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>615369105</n1:cusip>
		<n1:value>13566502</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>31098</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>31098</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MORGAN  STANLEY</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>617446448</n1:cusip>
		<n1:value>81595781</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>495812</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>495812</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MORNINGSTAR   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>617700109</n1:cusip>
		<n1:value>6043876</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35752</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35752</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOTOROLA    SOLUTIONS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>620076307</n1:cusip>
		<n1:value>17296308</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39856</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39856</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MUELLER    INDS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>624756102</n1:cusip>
		<n1:value>454502</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4102</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4102</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NASDAQ   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>631103108</n1:cusip>
		<n1:value>42936343</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>505788</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>505788</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NATERA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>632307104</n1:cusip>
		<n1:value>71288235</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>356459</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>356459</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEBIUS   GROUP       N.V.</n1:nameOfIssuer>
		<n1:titleOfClass>SHS       CLASS  A</n1:titleOfClass>
		<n1:cusip>N97284108</n1:cusip>
		<n1:value>1156094</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11142</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11142</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NETAPP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>64110D104</n1:cusip>
		<n1:value>114695333</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1120181</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1120181</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NETFLIX   INC.</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>64110L106</n1:cusip>
		<n1:value>46337377</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>481928</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>481928</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEUROCRINE     BIOSCIENCES         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>64125C109</n1:cusip>
		<n1:value>31341473</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>237904</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>237904</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEWMARKET    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>651587107</n1:cusip>
		<n1:value>1038339</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1620</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1620</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEWMONT     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>651639106</n1:cusip>
		<n1:value>54246348</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>501121</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>501121</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEWS   CORP  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>65249B109</n1:cusip>
		<n1:value>9674959</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>388085</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>388085</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEXTERA   ENERGY  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>65339F101</n1:cusip>
		<n1:value>1945464</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20946</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>20946</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NIQ  GLOBAL   INTELLIGENCE       PLC</n1:nameOfIssuer>
		<n1:titleOfClass>ORDINARY          SHARES</n1:titleOfClass>
		<n1:cusip>G63755105</n1:cusip>
		<n1:value>157179</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13824</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13824</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NISOURCE     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>65473P105</n1:cusip>
		<n1:value>14901431</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>319362</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>319362</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NORDSON   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>655663102</n1:cusip>
		<n1:value>3153875</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11854</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11854</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NORTHERN   TR   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>665859104</n1:cusip>
		<n1:value>4800510</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34395</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>34395</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NORTHROP   GRUMMAN    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>666807102</n1:cusip>
		<n1:value>94950752</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>139175</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>139175</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NRG   ENERGY     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>629377508</n1:cusip>
		<n1:value>252530</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1728</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1728</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NU   HLDGS   LTD</n1:nameOfIssuer>
		<n1:titleOfClass>ORD    SHS        CL   A</n1:titleOfClass>
		<n1:cusip>G6683N103</n1:cusip>
		<n1:value>2618228</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>182201</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>182201</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NUCOR   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>670346105</n1:cusip>
		<n1:value>32491043</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>192141</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>192141</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NUTANIX      INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>67059N108</n1:cusip>
		<n1:value>1784189</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>46940</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>46940</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NVIDIA    CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>67066G104</n1:cusip>
		<n1:value>1308500702</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7502871</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7502871</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NVR   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>62944T105</n1:cusip>
		<n1:value>632624</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>96</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>96</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NXP   SEMICONDUCTORS               N     V</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>N6596X109</n1:cusip>
		<n1:value>2856439</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14510</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14510</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OCCIDENTAL      PETE  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>674599105</n1:cusip>
		<n1:value>79674725</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1225765</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1225765</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OGE  ENERGY    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>670837103</n1:cusip>
		<n1:value>1423501</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>29681</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>29681</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OLIN   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       PAR  $1</n1:titleOfClass>
		<n1:cusip>680665205</n1:cusip>
		<n1:value>1510254</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>50799</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>50799</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OLLIES     BARGAIN  OUTLET     HLDGS</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>681116109</n1:cusip>
		<n1:value>13613913</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>147913</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>147913</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ORACLE   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>68389X105</n1:cusip>
		<n1:value>29865978</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>203018</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>203018</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OREILLY   AUTOMOTIVE        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>67103H107</n1:cusip>
		<n1:value>29786314</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>322677</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>322677</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OSHKOSH   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>688239201</n1:cusip>
		<n1:value>1034592</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7028</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7028</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OTIS   WORLDWIDE    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>68902V107</n1:cusip>
		<n1:value>46729904</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>606252</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>606252</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OWENS   CORNING       NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>690742101</n1:cusip>
		<n1:value>4315597</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39878</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39878</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PALANTIR    TECHNOLOGIES          INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>69608A108</n1:cusip>
		<n1:value>23787176</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>162614</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>162614</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PAYCOM   SOFTWARE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>70432V102</n1:cusip>
		<n1:value>68590127</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>564342</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>564342</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PAYLOCITY     HLDG  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>70438V106</n1:cusip>
		<n1:value>1586027</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14680</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14680</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PEGASYSTEMS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>705573103</n1:cusip>
		<n1:value>1356940</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>31883</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>31883</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PEMBINA  PIPELINE     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>706327103</n1:cusip>
		<n1:value>3085615</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>69049</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>69049</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PENN  ENTERTAINMENT         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>707569109</n1:cusip>
		<n1:value>1368632</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>91060</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>91060</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PENSKE   AUTOMOTIVE      GRP     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>70959W103</n1:cusip>
		<n1:value>1509404</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10095</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10095</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PENTAIR     PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G7S00T104</n1:cusip>
		<n1:value>13442205</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>154313</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>154313</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PEPSICO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>713448108</n1:cusip>
		<n1:value>198355023</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1277320</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1277320</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PERRIGO     CO   PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G97822103</n1:cusip>
		<n1:value>1619377</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>150780</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>150780</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PG&amp;E  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>69331C108</n1:cusip>
		<n1:value>18657214</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1061879</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1061879</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PHILLIPS   66</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>718546104</n1:cusip>
		<n1:value>23253637</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>127641</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>127641</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PINNACLE    FINL  PARTNERS        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>72348N109</n1:cusip>
		<n1:value>306831</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3562</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3562</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PINNACLE    WEST  CAP   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>723484101</n1:cusip>
		<n1:value>7271631</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>72175</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>72175</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PNC   FINL   SVCS  GROUP      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>693475105</n1:cusip>
		<n1:value>3216655</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>15458</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>15458</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>POOL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>73278L105</n1:cusip>
		<n1:value>11563766</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>57153</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>57153</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PPL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>69351T106</n1:cusip>
		<n1:value>44082800</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1154000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1154000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PRICE   T  ROWE  GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74144T108</n1:cusip>
		<n1:value>41039841</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>455290</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>455290</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PRIMERICA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74164M108</n1:cusip>
		<n1:value>1914168</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7642</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7642</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PRIMO   BRANDS   CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS     A     COM  SHS</n1:titleOfClass>
		<n1:cusip>741623102</n1:cusip>
		<n1:value>1879648</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>99822</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>99822</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PRINCIPAL   FINANCIAL   GROUP      IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74251V102</n1:cusip>
		<n1:value>755753</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8387</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8387</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROCTER   &amp;  GAMBLE    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>742718109</n1:cusip>
		<n1:value>280358</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1941</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1941</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROGRESSIVE     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>743315103</n1:cusip>
		<n1:value>101548242</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>512249</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>512249</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PRUDENTIAL    FINL  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>744320102</n1:cusip>
		<n1:value>3929483</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>40224</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>40224</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PUBLIC   SVC  ENTERPRISE       GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>744573106</n1:cusip>
		<n1:value>56770559</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>701304</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>701304</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PULTE   GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>745867101</n1:cusip>
		<n1:value>12634489</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>107427</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>107427</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>QNITY   ELECTRONICS         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COMMON        STOCK</n1:titleOfClass>
		<n1:cusip>74743L100</n1:cusip>
		<n1:value>28843615</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>249988</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>249988</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>QUALCOMM     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>747525103</n1:cusip>
		<n1:value>21373359</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>165968</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>165968</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>QUANTUMSCAPE    CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL   A</n1:titleOfClass>
		<n1:cusip>74767V109</n1:cusip>
		<n1:value>1344815</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>210786</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>210786</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>QUEST   DIAGNOSTICS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74834L100</n1:cusip>
		<n1:value>5241485</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>26745</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>26745</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RALLIANT     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>750940108</n1:cusip>
		<n1:value>2472733</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>59455</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>59455</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RALPH   LAUREN     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>751212101</n1:cusip>
		<n1:value>3024704</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8793</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8793</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REALTY    INCOME     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>756109104</n1:cusip>
		<n1:value>29829777</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>487574</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>487574</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REGENCY   CTRS     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>758849103</n1:cusip>
		<n1:value>1704393</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22527</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22527</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REGENERON     PHARMACEUTICALS</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>75886F107</n1:cusip>
		<n1:value>77780896</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>100669</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>100669</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REGIONS   FINANCIAL      CORP  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>7591EP100</n1:cusip>
		<n1:value>36632595</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1402473</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1402473</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REINSURANCE     GROUP    AMER  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    NEW</n1:titleOfClass>
		<n1:cusip>759351604</n1:cusip>
		<n1:value>2127756</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10422</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10422</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RELIANCE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>759509102</n1:cusip>
		<n1:value>38858299</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>127857</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>127857</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REPUBLIC    SVCS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>760759100</n1:cusip>
		<n1:value>83366021</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>380632</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>380632</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RESMED   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>761152107</n1:cusip>
		<n1:value>22712213</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>101177</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>101177</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REVOLUTION    MEDICINES   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>76155X100</n1:cusip>
		<n1:value>60519064</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>622304</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>622304</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REVVITY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>714046109</n1:cusip>
		<n1:value>3073534</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35082</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35082</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RH</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74967X103</n1:cusip>
		<n1:value>11431543</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>81759</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>81759</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RINGCENTRAL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>76680R206</n1:cusip>
		<n1:value>2207152</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>59348</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>59348</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROBINHOOD    MKTS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL  A</n1:titleOfClass>
		<n1:cusip>770700102</n1:cusip>
		<n1:value>2733954</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39451</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39451</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROBLOX   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>771049103</n1:cusip>
		<n1:value>128485486</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2271667</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2271667</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROCKWELL     AUTOMATION     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>773903109</n1:cusip>
		<n1:value>125610512</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>350007</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>350007</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROIVANT   SCIENCES        LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G76279101</n1:cusip>
		<n1:value>5607034</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>202420</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>202420</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROKU   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>77543R102</n1:cusip>
		<n1:value>10072015</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>106447</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>106447</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROPER  TECHNOLOGIES     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>776696106</n1:cusip>
		<n1:value>5161402</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14586</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14586</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROYAL     CARIBBEAN      GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>V7780T103</n1:cusip>
		<n1:value>60990620</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>221639</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>221639</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROYAL  BK  CDA</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>780087102</n1:cusip>
		<n1:value>10478563</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>64930</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>64930</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RPM  INTL   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>749685103</n1:cusip>
		<n1:value>900266</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9057</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>9057</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RTX  CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>75513E101</n1:cusip>
		<n1:value>161905407</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>839323</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>839323</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RUBRIK   INC.</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>781154109</n1:cusip>
		<n1:value>266054</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5433</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5433</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RYAN      SPECIALTY     HOLDINGS       INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>78351F107</n1:cusip>
		<n1:value>1935529</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>57366</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>57366</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RYDER      SYS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>783549108</n1:cusip>
		<n1:value>1871254</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9141</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>9141</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>S&amp;P    GLOBAL      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>78409V104</n1:cusip>
		<n1:value>89914749</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>211395</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>211395</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SAIA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>78709Y105</n1:cusip>
		<n1:value>1929932</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5494</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5494</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SANDISK     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>80004C200</n1:cusip>
		<n1:value>59613317</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>93829</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>93829</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SAREPTA   THERAPEUTICS          INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>803607100</n1:cusip>
		<n1:value>4669413</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>214587</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>214587</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SEA  LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SPONSORD    ADS</n1:titleOfClass>
		<n1:cusip>81141R100</n1:cusip>
		<n1:value>29903519</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>361110</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>361110</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SEAGATE   TECHNOLOGY      HLDNGS      PL</n1:nameOfIssuer>
		<n1:titleOfClass>ORD       SHS</n1:titleOfClass>
		<n1:cusip>G7997R103</n1:cusip>
		<n1:value>28314454</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>72275</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>72275</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SEI   INVTS   CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>784117103</n1:cusip>
		<n1:value>2945450</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>37536</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>37536</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SEMPRA</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>816851109</n1:cusip>
		<n1:value>6230346</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>64118</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>64118</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SENTINELONE     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>81730H109</n1:cusip>
		<n1:value>2462025</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>191151</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>191151</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SERVICE   CORP  INTL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>817565104</n1:cusip>
		<n1:value>281112</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3407</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3407</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SERVICENOW     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>81762P102</n1:cusip>
		<n1:value>150761414</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1442003</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1442003</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SHARKNINJA     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       SHS</n1:titleOfClass>
		<n1:cusip>G8068L108</n1:cusip>
		<n1:value>1443311</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13629</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13629</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SHERWIN   WILLIAMS    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>824348106</n1:cusip>
		<n1:value>60926938</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>190070</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>190070</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SHOPIFY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A    SUB  VTG  SHS</n1:titleOfClass>
		<n1:cusip>82509L107</n1:cusip>
		<n1:value>3066639</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25889</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25889</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SILGAN     HLDGS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>827048109</n1:cusip>
		<n1:value>414966</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10695</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10695</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SIMON   PPTY   GROUP     INC  NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>828806109</n1:cusip>
		<n1:value>83039052</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>445178</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>445178</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SLM   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>78442P106</n1:cusip>
		<n1:value>777697</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>36324</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>36324</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SMITH  A   O  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>831865209</n1:cusip>
		<n1:value>5978582</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>90667</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>90667</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SMITHFIELD        FOODS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>832248207</n1:cusip>
		<n1:value>1538602</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55009</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>55009</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SMUCKER     J  M  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>832696405</n1:cusip>
		<n1:value>9990509</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>103593</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>103593</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SMURFIT    WESTROCK      PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G8267P108</n1:cusip>
		<n1:value>19800309</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>496871</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>496871</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SNAP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>83304A106</n1:cusip>
		<n1:value>6880266</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1495710</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1495710</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SNAP   ON   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>833034101</n1:cusip>
		<n1:value>6804927</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18735</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18735</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SNOWFLAKE      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       SHS</n1:titleOfClass>
		<n1:cusip>833445109</n1:cusip>
		<n1:value>47282221</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>313501</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>313501</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOFI  TECHNOLOGIES          INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>83406F102</n1:cusip>
		<n1:value>86038046</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5418013</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5418013</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOLVENTUM       CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM       SHS</n1:titleOfClass>
		<n1:cusip>83444M101</n1:cusip>
		<n1:value>1082021</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16570</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16570</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOTERA  HEALTH       CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>83601L102</n1:cusip>
		<n1:value>1116885</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>77886</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>77886</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOUTHERN     CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>842587107</n1:cusip>
		<n1:value>36352424</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>376631</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>376631</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOUTHERN     COPPER      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>84265V105</n1:cusip>
		<n1:value>1134220</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6592</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6592</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SPROUTS  FMRS     MKT  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>85208M102</n1:cusip>
		<n1:value>3168115</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41075</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>41075</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STANDARDAERO       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>85423L103</n1:cusip>
		<n1:value>5417817</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>209749</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>209749</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STANLEY   BLACK    &amp;    DECKER  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>854502101</n1:cusip>
		<n1:value>6787438</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>95517</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>95517</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STANTEC   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>85472N109</n1:cusip>
		<n1:value>659356</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7640</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7640</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STATE   STR  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>857477103</n1:cusip>
		<n1:value>29290034</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>231432</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>231432</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STIFEL   FINL     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>860630102</n1:cusip>
		<n1:value>215772</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2919</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2919</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STRYKER   CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>863667101</n1:cusip>
		<n1:value>29870474</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>90905</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>90905</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SUMMIT   THERAPEUTICS       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>86627T108</n1:cusip>
		<n1:value>1104837</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>58272</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>58272</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SUN  CMNTYS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>866674104</n1:cusip>
		<n1:value>1427883</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11336</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11336</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SUNCOR   ENERGY     INC   NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>867224107</n1:cusip>
		<n1:value>2589296</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39214</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39214</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SYNCHRONY   FINANCIAL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>87165B103</n1:cusip>
		<n1:value>31234648</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>459198</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>459198</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SYNOPSYS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>871607107</n1:cusip>
		<n1:value>24795066</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>62538</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>62538</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SYSCO   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>871829107</n1:cusip>
		<n1:value>598173</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8386</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8386</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>T-MOBILE     US   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>872590104</n1:cusip>
		<n1:value>152879787</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>727895</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>727895</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TAKE-TWO   INTERACTIVE         SOFTWAR</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>874054109</n1:cusip>
		<n1:value>6890182</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34887</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>34887</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TAPESTRY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>876030107</n1:cusip>
		<n1:value>1083301</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7677</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7677</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TARGET  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>87612E106</n1:cusip>
		<n1:value>655086</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5405</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5405</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TC  ENERGY   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>87807B107</n1:cusip>
		<n1:value>1941355</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>31055</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>31055</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TD  SYNNEX  CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>87162W100</n1:cusip>
		<n1:value>2741200</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16248</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16248</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TE   CONNECTIVITY    PLC</n1:nameOfIssuer>
		<n1:titleOfClass>ORD       SHS</n1:titleOfClass>
		<n1:cusip>G87052109</n1:cusip>
		<n1:value>24109621</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>115346</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>115346</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TECHNIPFMC    PLC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>G87110105</n1:cusip>
		<n1:value>3337043</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>48272</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>48272</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TEMPUS   AI  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>88023B103</n1:cusip>
		<n1:value>337386</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7461</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7461</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TERADYNE    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>880770102</n1:cusip>
		<n1:value>90784056</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>306227</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>306227</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TESLA  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>88160R101</n1:cusip>
		<n1:value>322431414</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>867334</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>867334</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TEXAS  INSTRS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>882508104</n1:cusip>
		<n1:value>134002417</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>690236</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>690236</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TEXTRON    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>883203101</n1:cusip>
		<n1:value>20572485</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>234953</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>234953</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TFS   FINL   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>87240R107</n1:cusip>
		<n1:value>142608</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10150</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10150</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>THE    CIGNA     GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>125523100</n1:cusip>
		<n1:value>59365212</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>222550</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>222550</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>THE   TRADE     DESK  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL    A</n1:titleOfClass>
		<n1:cusip>88339J105</n1:cusip>
		<n1:value>129223884</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5695191</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5695191</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>THOMSON  REUTERS       CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>884903808</n1:cusip>
		<n1:value>231574</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2570</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2570</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TIMKEN      CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>887389104</n1:cusip>
		<n1:value>369997</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3679</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3679</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TJX   COS   INC   NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>872540109</n1:cusip>
		<n1:value>152147468</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>952708</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>952708</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TKO   GROUP   HOLDINGS       INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>87256C101</n1:cusip>
		<n1:value>3017692</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14965</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14965</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TOAST  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>888787108</n1:cusip>
		<n1:value>104415017</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3938703</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3938703</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TORO  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>891092108</n1:cusip>
		<n1:value>907022</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9707</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>9707</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TORONTO   DOMINION     BK   ONT</n1:nameOfIssuer>
		<n1:titleOfClass>COM       NEW</n1:titleOfClass>
		<n1:cusip>891160509</n1:cusip>
		<n1:value>3719352</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>39892</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>39892</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TOTALENERGIES           SE</n1:nameOfIssuer>
		<n1:titleOfClass>ACT</n1:titleOfClass>
		<n1:cusip>F92124100</n1:cusip>
		<n1:value>480022</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5139</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5139</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TPG  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM    CL   A</n1:titleOfClass>
		<n1:cusip>872657101</n1:cusip>
		<n1:value>1408492</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34769</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>34769</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TRADEWEB   MKTS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>892672106</n1:cusip>
		<n1:value>32643120</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>277436</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>277436</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TRANE  TECHNOLOGIES          PLC</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G8994E103</n1:cusip>
		<n1:value>33389626</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>80121</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>80121</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TRAVEL   PLUS  LEISURE    CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>894164102</n1:cusip>
		<n1:value>288246</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4166</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>4166</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TRAVELERS     COMPANIES   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>89417E109</n1:cusip>
		<n1:value>5794807</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>19867</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>19867</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TREX   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>89531P105</n1:cusip>
		<n1:value>1497627</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41121</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>41121</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TRIMBLE     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>896239100</n1:cusip>
		<n1:value>51435094</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>788519</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>788519</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TYLER  TECHNOLOGIES      INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>902252105</n1:cusip>
		<n1:value>3885328</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11348</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11348</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TYSON  FOODS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>902494103</n1:cusip>
		<n1:value>76944162</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1200939</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1200939</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>U   HAUL  HOLDING       COMPANY</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>023586100</n1:cusip>
		<n1:value>271916</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5691</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5691</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UBS   GROUP   AG</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>H42097107</n1:cusip>
		<n1:value>18734550</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>487964</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>487964</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ULTRAGENYX     PHARMACEUTICAL      IN</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>90400D108</n1:cusip>
		<n1:value>3154798</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>150587</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>150587</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNDER   ARMOUR     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     C</n1:titleOfClass>
		<n1:cusip>904311206</n1:cusip>
		<n1:value>322821</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55755</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>55755</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNDER   ARMOUR  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>904311107</n1:cusip>
		<n1:value>1177059</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>199164</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>199164</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNION   PAC  CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>907818108</n1:cusip>
		<n1:value>15944744</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>65719</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>65719</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNITED  AIRLS   HLDGS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>910047109</n1:cusip>
		<n1:value>27082206</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>294148</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>294148</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNITED  PARCEL   SVCS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     B</n1:titleOfClass>
		<n1:cusip>911312106</n1:cusip>
		<n1:value>14074144</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>143059</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>143059</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNITED  RENTALS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>911363109</n1:cusip>
		<n1:value>23378762</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>32089</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>32089</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNITEDHEALTH     GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91324P102</n1:cusip>
		<n1:value>44435207</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>164216</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>164216</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNIVERSAL    HLTH  SVCS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     B</n1:titleOfClass>
		<n1:cusip>913903100</n1:cusip>
		<n1:value>62154133</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>347288</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>347288</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNIVERSAL  DISPLAY       CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91347P105</n1:cusip>
		<n1:value>1485442</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16206</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>16206</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNUM  GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91529Y106</n1:cusip>
		<n1:value>854816</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11705</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>11705</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UWM    HOLDINGS     CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>91823B109</n1:cusip>
		<n1:value>492215</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>135971</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>135971</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VAIL   RESORTS        INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91879Q109</n1:cusip>
		<n1:value>200179</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1560</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1560</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VALERO    ENERGY      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91913Y100</n1:cusip>
		<n1:value>97621802</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>395102</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>395102</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VALMONT      INDS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>920253101</n1:cusip>
		<n1:value>2048196</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5126</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5126</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VEEVA   SYS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A  COM</n1:titleOfClass>
		<n1:cusip>922475108</n1:cusip>
		<n1:value>36903707</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>210086</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>210086</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VERISIGN   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92343E102</n1:cusip>
		<n1:value>41254086</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>166106</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>166106</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VERISK   ANALYTICS     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92345Y106</n1:cusip>
		<n1:value>692398</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3649</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3649</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VERIZON   COMMUNICATIONS    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92343V104</n1:cusip>
		<n1:value>91697529</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1826644</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1826644</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VERTIV   HOLDINGS     CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>92537N108</n1:cusip>
		<n1:value>3452241</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13777</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>13777</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VIATRIS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92556V106</n1:cusip>
		<n1:value>4831027</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>357589</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>357589</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VICI   PPTYS  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>925652109</n1:cusip>
		<n1:value>50407367</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1845072</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1845072</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VISA   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM       CL   A</n1:titleOfClass>
		<n1:cusip>92826C839</n1:cusip>
		<n1:value>147527878</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>488115</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>488115</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VISTRA   CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92840M102</n1:cusip>
		<n1:value>477448</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3176</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3176</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VORNADO     RLTY  TR</n1:nameOfIssuer>
		<n1:titleOfClass>SH     BEN   INT</n1:titleOfClass>
		<n1:cusip>929042109</n1:cusip>
		<n1:value>634676</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>24420</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>24420</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VOYA  FINANCIAL       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>929089100</n1:cusip>
		<n1:value>357109</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5227</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5227</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WABTEC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>929740108</n1:cusip>
		<n1:value>34743238</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>139023</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>139023</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WALMART       INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>931142103</n1:cusip>
		<n1:value>47683750</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>383680</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>383680</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WASTE   CONNECTIONS         INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>94106B101</n1:cusip>
		<n1:value>1225772</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7546</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7546</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WATSCO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>942622200</n1:cusip>
		<n1:value>2334804</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6418</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>6418</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WAYFAIR  INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>94419L101</n1:cusip>
		<n1:value>12013444</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>159732</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>159732</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WEC   ENERGY       GROUP  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>92939U106</n1:cusip>
		<n1:value>2571715</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22214</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>22214</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WELLS   FARGO    &amp;  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>949746101</n1:cusip>
		<n1:value>51598107</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>648136</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>648136</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WELLTOWER     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>95040Q104</n1:cusip>
		<n1:value>170681659</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>863293</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>863293</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WENDYS  CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>95058W100</n1:cusip>
		<n1:value>763861</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>109908</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>109908</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WEST   PHARMACEUTICAL        SVSC  INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>955306105</n1:cusip>
		<n1:value>67198338</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>268107</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>268107</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WESTERN   DIGITAL      CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>958102105</n1:cusip>
		<n1:value>50022798</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>184934</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>184934</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WESTLAKE   CORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>960413102</n1:cusip>
		<n1:value>2146451</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18374</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>18374</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WHEATON  PRECIOUS        METALS     CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>962879102</n1:cusip>
		<n1:value>657562</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5018</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5018</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WILLIAMS     COS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>969457100</n1:cusip>
		<n1:value>120880448</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1660902</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1660902</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WINGSTOP     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>974155103</n1:cusip>
		<n1:value>3287534</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21214</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>21214</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WIX   COM  LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>M98068105</n1:cusip>
		<n1:value>4342275</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>48210</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>48210</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WOODWARD    INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>980745103</n1:cusip>
		<n1:value>4494044</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12556</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12556</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WORKDAY   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>98138H101</n1:cusip>
		<n1:value>12912749</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>99390</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>99390</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>XCEL   ENERGY     INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>98389B100</n1:cusip>
		<n1:value>11136773</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>140191</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>140191</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>XPO   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>983793100</n1:cusip>
		<n1:value>15207779</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>78169</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>78169</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>XYLEM   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>98419M100</n1:cusip>
		<n1:value>86014308</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>719785</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>719785</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZEBRA   TECHNOLOGIES        CORPORATI</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>989207105</n1:cusip>
		<n1:value>1935872</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9259</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>9259</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZILLOW   GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>98954M101</n1:cusip>
		<n1:value>1244846</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>30076</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>30076</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZILLOW   GROUP   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     C  CAP  STK</n1:titleOfClass>
		<n1:cusip>98954M200</n1:cusip>
		<n1:value>17508416</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>423113</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>423113</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZIONS   BANCORPORATION       NATL  AS</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>989701107</n1:cusip>
		<n1:value>841886</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14611</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>14611</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZOETIS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>98978V103</n1:cusip>
		<n1:value>214958147</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1818443</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>1818443</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZOOM   COMMUNICATIONS   INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL     A</n1:titleOfClass>
		<n1:cusip>98980L101</n1:cusip>
		<n1:value>77020694</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>958088</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>958088</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZSCALER   INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>98980G102</n1:cusip>
		<n1:value>31815106</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>226781</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>226781</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
</n1:informationTable>
