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
ACCENTURE PLC SHS CLASS A G1151C101   17,772 89,625 SH   DFND 2,133,824 2,125 87,500 0
ADOBE INC COM 00724F101   50,412 207,390 SH   DFND 2,133,824 5,150 202,240 0
ADVANCED MICRO DEVICES INC COM 007903107   31,196 153,350 SH   DFND 2,133,824 7,000 146,350 0
AERCAP HOLDINGS N.V. SHS N00985106   115,112 839,132 SH   DFND 2,133,824 30,512 808,620 0
AIRBNB INC COM CL A 009066101   95,412 755,556 SH   DFND 2,133,824 31,946 723,610 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102   108,780 867,053 SH   DFND 2,133,824 44,433 822,620 0
ALPHABET INC CAP STK CL A 02079K305   305 1,061 PRN   SOLE   1,061 0 0
ALPHABET INC CAP STK CL C 02079K107   164,535 573,572 SH   DFND 2,133,824 33,117 540,455 0
AMAZON.COM INC COM 023135106   62,263 298,955 SH   DFND 2,133,824 6,975 291,980 0
AMGEN INC COM 031162100   132 375 PRN   SOLE   375 0 0
AMPLIFY JUNIOR SILVER MINERS ETF AMPLIFY JUNIOR S 032108649   74 2,500 PRN   SOLE   2,500 0 0
AMRIZE AG SHS H2927K103   32,856 586,500 SH   DFND 2,133,824 10,300 576,200 0
AON PLC SHS CL A G0403H108   87,797 272,003 SH   DFND 2,133,824 7,408 264,595 0
APOLLO GLOBAL MANAGEMENT INC COM 03769M106   162,955 1,462,525 SH   DFND 2,133,824 60,820 1,401,705 0
APPLE INC COM 037833100   1,314 5,177 PRN   SOLE   5,177 0 0
APPLIED MATERIALS INC COM 038222105   78,770 230,464 SH   DFND 2,133,824 19,099 211,365 0
BERKSHIRE HATHAWAY INC CL B NEW 084670702   9 19 PRN   SOLE   19 0 0
BLACKROCK INC COM 09290D101   106,634 110,880 SH   DFND 2,133,824 6,350 104,530 0
BLACKSTONE INC COM 09260D107   26,237 228,165 SH   DFND 2,133,824 15,155 213,010 0
BRIGHTSTAR LOTTERY SHS USD G4863A108   160 12,550 PRN   SOLE   12,550 0 0
BROADCOM INC COM 11135F101   31,880 103,000 SH   DFND 2,133,824 0 103,000 0
CHARLES SCHWAB CORP COM 808513105   146,310 1,556,820 SH   DFND 2,133,824 70,540 1,486,280 0
CHEVRON CORPORATION COM 166764100   29,768 143,874 SH   DFND 2,133,824 12,324 131,550 0
CHUBB LIMITED COM H1467J104   100,785 309,223 SH   DFND 2,133,824 15,403 293,820 0
CISCO SYSTEMS INC COM 17275R102   47 600 PRN   SOLE   600 0 0
CNH INDUSTRIAL N.V. SHS N20944109   4,103 373,000 SH   DFND 2,133,824 60,000 313,000 0
COMCAST CORP CL A 20030N101   100,371 3,496,029 SH   DFND 2,133,824 153,349 3,342,680 0
CORPAY INC COM SHS 219948106   23,032 79,150 SH   DFND 2,133,824 4,350 74,800 0
DEERE & CO COM 244199105   45,862 81,416 SH   DFND 2,133,824 3,600 77,816 0
DELTA AIR LINES INC (DE) COM NEW 247361702   545 8,200 PRN   SOLE   8,200 0 0
DOCUSIGN INC COM 256163106   8,723 184,000 SH   DFND 2,133,824 4,500 179,500 0
ELECTRONIC ARTS INC COM 285512109   520 2,550 PRN   SOLE   2,550 0 0
EXXON MOBIL CORP COM 30231G102   20,754 122,327 SH   DFND 2,133,824 6,927 115,400 0
FISERV INC COM 337738108   16,119 288,863 SH   DFND 2,133,824 13,863 275,000 0
FLUX POWER HOLDINGS INC COM NEW 344057302   43 40,000 PRN   SOLE   40,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,176 20,000 PRN   SOLE   20,000 0 0
GRUPO TELEVISA S.A.B SPON ADR REP ORD 40049J206   181 62,280 PRN   SOLE   62,280 0 0
INTEL CORP COM 458140100   148,142 3,356,935 SH   DFND 2,133,824 184,915 3,172,020 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104   53,007 337,022 SH   DFND 2,133,824 13,597 323,425 0
INTUIT INC COM 461202103   21,403 49,500 SH   DFND 2,133,824 1,000 48,500 0
JOHNSON & JOHNSON COM 478160104   196 800 PRN   SOLE   800 0 0
JPMORGAN CHASE & CO COM 46625H100   487 1,655 PRN   SOLE   1,655 0 0
LABCORP HOLDINGS INC COM SHS 504922105   85,835 321,710 SH   DFND 2,133,824 16,745 304,965 0
LAS VEGAS SANDS CORP COM 517834107   68,998 1,280,587 SH   DFND 2,133,824 69,227 1,211,360 0
LEXINFINTECH HOLDINGS LTD ADR 528877103   44 20,000 PRN   SOLE   20,000 0 0
LINDE PLC SHS G54950103   692 1,396 PRN   SOLE   1,396 0 0
MERCADOLIBRE INC COM 58733R102   101,742 58,844 SH   DFND 2,133,824 2,364 56,480 0
MERCK & CO INC COM 58933Y105   235 1,950 PRN   SOLE   1,950 0 0
META PLATFORMS INC CL A 30303M102   58,682 102,568 SH   DFND 2,133,824 5,428 97,140 0
MICROSOFT CORP COM 594918104   140,431 379,369 SH   DFND 2,133,824 14,569 364,800 0
NASDAQ INC COM 631103108   4,145 48,826 SH   DFND 2,133,824 6,126 42,700 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   104 1,000 PRN   SOLE   1,000 0 0
NETFLIX INC COM 64110L106   28,018 291,400 SH   DFND 2,133,824 5,700 285,700 0
NETGEAR INC COM 64111Q104   87 4,000 PRN   SOLE   4,000 0 0
NIKE INC CL B 654106103   2,729 51,669 SH   DFND 2,133,824 4,914 46,755 0
NVIDIA CORP COM 67066G104   56,811 325,750 SH   DFND 2,133,824 28,350 297,400 0
NVIDIA CORP COM 67066G104   1,907 765 SH   DFND 2,133,824 0 765 0
NXP SEMICONDUCTORS N.V. COM N6596X109   202 1,028 PRN   SOLE   1,028 0 0
ORACLE CORP COM 68389X105   72,255 491,163 SH   DFND 2,133,824 23,783 467,380 0
PALO ALTO NETWORKS INC COM 697435105   24,818 154,800 SH   DFND 2,133,824 6,000 148,800 0
PFIZER INC COM 717081103   383 13,657 PRN   SOLE   13,657 0 0
PINTEREST INC CL A 72352L106   19,443 1,060,125 SH   DFND 2,133,824 40,200 1,019,925 0
QUALCOMM INC COM 747525103   4,942 38,375 SH   DFND 2,133,824 0 38,375 0
ROPER TECHNOLOGIES INC COM 776696106   8,457 23,900 SH   DFND 2,133,824 400 23,500 0
SALESFORCE INC COM 79466L302   82,691 442,980 SH   DFND 2,133,824 21,065 421,915 0
SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF FUNDAMENTAL EMER 808524730   30 795 PRN   SOLE   795 0 0
SERVICENOW INC COM 81762P102   65,067 622,350 SH   DFND 2,133,824 11,200 611,150 0
SPDR GOLD TRUST GOLD SHS 78463V107   1,734 4,030 PRN   SOLE   4,030 0 0
SPDR S&P EMERGING MARKETS SMALL CAP ETF STATE STREET SPD 78463X756   29 445 PRN   SOLE   445 0 0
S&P GLOBAL INC COM 78409V104   29,804 70,070 SH   DFND 2,133,824 1,050 69,020 0
SPROTT PHYSICAL GOLD AND SILVER TRUST PHYSICAL GOLD AN 85208R101   718 15,045 PRN   SOLE   15,045 0 0
SYNOPSYS INC COM 871607107   418 1,055 PRN   SOLE   1,055 0 0
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SPONSORED ADS 874039100   3,824 11,315 SH   DFND 2,133,824 0 11,315 0
TAKE-TWO INTERACTIVE SOFTWARE INC COM 874054109   51,912 262,845 SH   DFND 2,133,824 13,305 249,540 0
THE WALT DISNEY COMPANY COM 254687106   38,902 403,630 SH   DFND 2,133,824 14,630 389,000 0
T-MOBILE US INC COM 872590104   120,979 576,010 SH   DFND 2,133,824 21,930 554,080 0
TRAVEL PLUS LEISURE CO COM 894164102   485 7,005 PRN   SOLE   7,005 0 0
TRIP COM GROUP LTD ADS 89677Q107   10,516 211,200 SH   DFND 2,133,824 7,600 203,600 0
TSS INC COM 87288V101   130 10,000 PRN   SOLE   10,000 0 0
UBER TECHNOLOGIES INC COM 90353T100   89,332 1,241,931 SH   DFND 2,133,824 54,881 1,187,050 0
UNION PACIFIC CORP COM 907818108   6,975 28,750 SH   DFND 2,133,824 750 28,000 0
UNITEDHEALTH GROUP INC COM 91324P102   26,591 98,270 SH   DFND 2,133,824 2,170 96,100 0
VANECK GOLD MINERS ETF GOLD MINERS ETF 92189F106   319 3,475 PRN   SOLE   3,475 0 0
VANECK JUNIOR GOLD MINERS ETF JUNIOR GOLD MINE 92189F791   339 2,820 PRN   SOLE   2,820 0 0
VANECK VIETNAM ETF VANECK VIETNAM 92189F817   26 1,500 PRN   SOLE   1,500 0 0
VERSANT MEDIA GROUP INC COM CL A 925283103   119 3,216 PRN   SOLE   3,216 0 0
VIPSHOP HOLDINGS LTD SPONSORED ADS A 92763W103   69,812 4,440,936 SH   DFND 2,133,824 214,786 4,226,150 0
VISA INC COM CL A 92826C839   63,547 210,252 SH   DFND 2,133,824 12,822 197,430 0
WW GRAINGER INC COM 384802104   23,436 21,485 SH   DFND 2,133,824 465 21,020 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   45,389 558,770 SH   DFND 2,133,824 9,400 549,370 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102   29,579 327,130 SH   DFND 2,133,824 6,000 321,130 0
ZOETIS INC CL A 98978V103   9,780 82,730 SH   DFND 2,133,824 2,900 79,830 0