The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALCON AG ORD SHS H01301128   10,883,973 122,182 SH   DFND   122,182 0 0
ARBOR REALTY TRUST INC COM 038923108   216,326 15,075 SH Call DFND   0 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   566,394 24,701 SH   DFND   24,701 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   533,865 522 SH   DFND   522 0 0
B2GOLD CORP COM 11777Q209   164,700 61,000 SH Call DFND   0 0 0
BANCO SANTANDER S.A. ADR 05964H105   838,493 181,100 SH   DFND   181,100 0 0
BHP GROUP LTD SPONSORED ADS 088606108   2,305,465 40,383 SH   DFND   40,383 0 0
CNH INDL N V SHS N20944109   7,041,576 695,121 SH   DFND   695,121 0 0
CRH PLC ORD G25508105   2,324,380 31,000 SH Put DFND   0 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898   3,912,903 245,477 SH   DFND   245,477 0 0
DEUTSCHE BANK A G COM D18190898   159,400 10,000 SH Put DFND   0 0 0
ENDAVA PLC ADS 29260V105   328,979 11,251 SH   DFND   11,251 0 0
EPAM SYS INC COM 29414B104   573,547 3,049 SH   DFND   3,049 0 0
EQUINOR ASA SPONSORED ADR 29446M102   285,600 10,000 SH   DFND   10,000 0 0
FERRARI N V COM N3167Y103   25,739,153 63,029 SH   DFND   63,029 0 0
FERRARI N V COM N3167Y103   14,619,646 35,800 SH Put DFND   0 0 0
FERRARI N V COM N3167Y103   7,309,823 17,900 SH Call DFND   0 0 0
FERROVIAL SE ORD SHS N3168P101   228,207 5,868 SH   DFND   5,868 0 0
FLUTTER ENTMT PLC SHS G3643J108   12,035,760 66,000 SH Put DFND   0 0 0
FLUTTER ENTMT PLC SHS G3643J108   7,112,040 39,000 SH Call DFND   0 0 0
FRONTLINE PLC COM M46528101   655,257 25,437 SH   DFND   25,437 0 0
GENERAL DYNAMICS CORP COM 369550108   435,210 1,500 SH   DFND   1,500 0 0
GLOBANT S A COM L44385109   807,161 4,528 SH   DFND   4,528 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406   593,949 13,654 SH   DFND   13,654 0 0
ING GROEP N.V. SPONSORED ADR 456837103   425,072 24,800 SH   DFND   24,800 0 0
ISHARES S&P GSCI COMMODITY- UNIT BEN INT 46428R107   2,768,750 125,000 SH Call DFND   0 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109   673,740 3,000 SH   DFND   3,000 0 0
LEVI STRAUSS & CO NEW CL A COM STK 52736R102   238,629 12,377 SH   DFND   12,377 0 0
LI AUTO INC SPONSORED ADS 50202M102   257,061 14,377 SH   DFND   14,377 0 0
LOCKHEED MARTIN CORP COM 539830109   233,550 500 SH   DFND   500 0 0
LOGITECH INTL S A SHS H50430232   5,617,393 57,983 SH   DFND   57,983 0 0
META PLATFORMS INC CL A 30303M102   504,220 1,000 SH   DFND   1,000 0 0
MICROSTRATEGY INC CL A NEW 594972408   2,066,220 1,500 SH   DFND   1,500 0 0
NETEASE INC SPONSORED ADS 64110W102   1,793,845 18,768 SH   DFND   18,768 0 0
NOKIA CORP SPONSORED ADR 654902204   6,187,845 1,636,996 SH   DFND   1,636,996 0 0
NORTHROP GRUMMAN CORP COM 666807102   1,133,470 2,600 SH   DFND   2,600 0 0
OKEANIS ECO TANKERS COR SHS Y64177101   203,350 6,327 SH   DFND   6,327 0 0
QIAGEN NV SHS NEW N72482149   6,012,987 146,337 SH   DFND   146,337 0 0
RTX CORPORATION COM 75513E101   602,340 6,000 SH   DFND   6,000 0 0
SANOFI SPONSORED ADR 80105N105   218,340 4,500 SH   DFND   4,500 0 0
SEADRILL 2021 LTD COM G7997W102   414,060 8,040 SH   DFND   8,040 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,321,675 14,500 SH   DFND   14,500 0 0
SHELL PLC SPON ADS 780259305   1,020,336 14,136 SH   DFND   14,136 0 0
STELLANTIS N.V SHS N82405106   30,541,845 1,538,632 SH   DFND   1,538,632 0 0
STELLANTIS N.V COM N82405106   68,254,225 3,438,500 SH Put DFND   0 0 0
STELLANTIS N.V COM N82405106   27,055,550 1,363,000 SH Call DFND   0 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102   295,071 7,512 SH   DFND   7,512 0 0
SUPER MICRO COMPUTER INC COM 86800U104   573,545 700 SH   DFND   700 0 0
TESLA INC COM 88160R101   2,968,200 15,000 SH   DFND   15,000 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109   573,381 8,599 SH   DFND   8,599 0 0
UBS GROUP AG SHS H42097107   148,185,195 5,016,425 SH   DFND   5,016,425 0 0
UNITEDHEALTH GROUP INC COM 91324P102   2,546,300 5,000 SH   DFND   5,000 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676   521,400 2,000 SH   DFND   2,000 0 0
WOODSIDE ENERGY GROUP LTD SPONSORED ADR 980228308   1,752,471 93,167 SH   DFND   93,167 0 0
XPENG INC ADS 98422D105   128,949 17,592 SH   DFND   17,592 0 0