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

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AES CORP COM 00130H105   945,525 39,266 SH   DFND   39,266 0 0
AES CORP COM 00130H105   7,253,426 301,222 SH   DFND 2 301,222 0 0
AES CORP COM 00130H105   424,785,841 17,640,608 SH   DFND 1 17,640,608 0 0
ALPHABET INC CAP STK CL A 02079K305   20,196,127 194,699 SH   DFND 1 194,699 0 0
ALPHABET INC CAP STK CL C 02079K107   479,153,064 4,607,241 SH   DFND 1 4,607,241 0 0
ALPHABET INC CAP STK CL C 02079K107   8,062,912 77,528 SH   DFND 2 77,528 0 0
ALPHABET INC CAP STK CL C 02079K107   516,776 4,969 SH   DFND   4,969 0 0
AMAZON COM INC COM 023135106   28,074,119 271,799 SH   DFND 1 271,799 0 0
AMAZON COM INC COM 023135106   5,464,144 52,901 SH   DFND 2 52,901 0 0
BARRICK GOLD CORP COM 067901108   1,105,899 59,553 SH   DFND   59,553 0 0
BARRICK GOLD CORP COM 067901108   67,629,062 3,641,845 SH   DFND 1 3,641,845 0 0
BORR DRILLING LTD SHS G1466R173   68,611,287 9,051,621 SH   DFND 1 9,051,621 0 0
BP PLC SPONSORED ADR 055622104   1,997,958 52,661 SH   DFND 1 52,661 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   248,221,698 7,067,816 SH   DFND 1 7,067,816 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   12,649,743 388,148 SH   DFND 1 388,148 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   194,367 5,964 SH   DFND   5,964 0 0
BURFORD CAP LTD ORD SHS G17977110   44,188,118 3,995,309 SH   DFND 1 3,995,309 0 0
BURFORD CAP LTD ORD SHS G17977110   557,026 50,364 SH   DFND   50,364 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   579,733 15,058 SH   DFND   15,058 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   50,829,317 1,320,242 SH   DFND 1 1,320,242 0 0
CARMAX INC COM 143130102   1,936,242 30,122 SH   DFND 2 30,122 0 0
CHESAPEAKE ENERGY CORP COM 165167735   172,714,975 2,271,370 SH   DFND 1 2,271,370 0 0
CHURCH & DWIGHT CO INC COM 171340102   4,621,810 52,277 SH   DFND 2 52,277 0 0
CHURCH & DWIGHT CO INC COM 171340102   30,773,576 348,078 SH   DFND 1 348,078 0 0
CINEMARK HLDGS INC COM 17243V102   169,959,536 11,491,517 SH   DFND 1 11,491,517 0 0
CINEMARK HLDGS INC COM 17243V102   628,412 42,489 SH   DFND   42,489 0 0
CONSTELLATION ENERGY CORP COM 21037T109   156,529 1,994 SH   DFND   1,994 0 0
CONSTELLATION ENERGY CORP COM 21037T109   424,197,594 5,403,791 SH   DFND 1 5,403,791 0 0
DOLLAR GEN CORP NEW COM 256677105   6,551,409 31,129 SH   DFND 2 31,129 0 0
ELEVANCE HEALTH INC COM 036752103   7,412,597 16,121 SH   DFND 2 16,121 0 0
ELEVANCE HEALTH INC COM 036752103   309,180,382 672,409 SH   DFND 1 672,409 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   16,001,196 75,889 SH   DFND 2 75,889 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   658,485 3,123 SH   DFND   3,123 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   1,056,562,181 5,010,966 SH   DFND 1 5,010,966 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   22,434,760 235,684 SH   DFND 1 235,684 0 0
GENERAC HLDGS INC COM 368736104   121,187 1,122 SH   DFND   1,122 0 0
GENERAC HLDGS INC COM 368736104   9,909,485 91,746 SH   DFND 1 91,746 0 0
GLOBAL PMTS INC COM 37940X102   678,537,741 6,447,527 SH   DFND 1 6,447,527 0 0
GLOBAL PMTS INC COM 37940X102   270,677 2,572 SH   DFND   2,572 0 0
GLOBAL PMTS INC COM 37940X102   10,186,285 96,791 SH   DFND 2 96,791 0 0
GOLAR LNG LTD SHS G9456A100   205,545,492 9,515,995 SH   DFND 1 9,515,995 0 0
GOLAR LNG LTD SHS G9456A100   184,637 8,548 SH   DFND   8,548 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   188,566,392 14,156,636 SH   DFND 1 14,156,636 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   433,754 8,596 SH   DFND   8,596 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   13,242,571 262,437 SH   DFND 2 262,437 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   790,203,701 15,660,002 SH   DFND 1 15,660,002 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   318,965 41,210 SH   DFND   41,210 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   20,547,161 2,654,672 SH   DFND 1 2,654,672 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   21,115,568 149,894 SH   DFND 1 149,894 0 0
HOWMET AEROSPACE INC COM 443201108   403,456,546 9,522,222 SH   DFND 1 9,522,222 0 0
HOWMET AEROSPACE INC COM 443201108   6,241,609 147,312 SH   DFND 2 147,312 0 0
IAC INC COM NEW 44891N208   938,759 18,193 SH   DFND 2 18,193 0 0
INTEL CORP COM 458140100   24,404,065 746,987 SH   DFND 1 746,987 0 0
INTEL CORP COM 458140100   1,064,813 32,593 SH   DFND 2 32,593 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   103,695 1,256 SH   DFND   1,256 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   587,436,691 7,115,270 SH   DFND 1 7,115,270 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   3,939,185 47,713 SH   DFND 2 47,713 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   54,972,677 11,288,024 SH   DFND 1 11,288,024 0 0
KB FINL GROUP INC SPONSORED ADR 48241A105   30,960,132 850,086 SH   DFND 1 850,086 0 0
KB FINL GROUP INC SPONSORED ADR 48241A105   205,919 5,654 SH   DFND   5,654 0 0
KINDER MORGAN INC DEL COM 49456B101   2,849,682 162,746 SH   DFND   162,746 0 0
KINDER MORGAN INC DEL COM 49456B101   449,608,630 25,677,249 SH   DFND 1 25,677,249 0 0
KINDER MORGAN INC DEL COM 49456B101   8,256,911 471,554 SH   DFND 2 471,554 0 0
MARCUS CORP DEL COM 566330106   1,424,432 89,027 SH   DFND 1 89,027 0 0
MARCUS CORP DEL COM 566330106   15,728 983 SH   DFND   983 0 0
MASTEC INC COM 576323109   554,552 5,872 SH   DFND   5,872 0 0
MASTEC INC COM 576323109   41,496,464 439,395 SH   DFND 1 439,395 0 0
MICRON TECHNOLOGY INC COM 595112103   1,732,603 28,714 SH   DFND 2 28,714 0 0
MICRON TECHNOLOGY INC COM 595112103   191,706,757 3,177,109 SH   DFND 1 3,177,109 0 0
MICRON TECHNOLOGY INC COM 595112103   423,707 7,022 SH   DFND   7,022 0 0
MICROSOFT CORP COM 594918104   21,030,332 72,946 SH   DFND 1 72,946 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   10,113,265 35,345 SH   DFND 2 35,345 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   371,900,329 1,299,760 SH   DFND 1 1,299,760 0 0
NETEASE INC SPONSORED ADS 64110W102   148,762,978 1,682,078 SH   DFND 1 1,682,078 0 0
NOBLE CORP PLC ORD SHS A G65431127   136,155,791 3,449,602 SH   DFND 1 3,449,602 0 0
NOBLE CORP PLC ORD SHS A G65431127   258,607 6,552 SH   DFND   6,552 0 0
NVR INC COM 62944T105   7,199,269 1,292 SH   DFND 1 1,292 0 0
NVR INC COM 62944T105   1,777,529 319 SH   DFND 2 319 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   10,235,303 12,056 SH   DFND 1 12,056 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   2,228,573 2,625 SH   DFND 2 2,625 0 0
PORTILLOS INC COM CL A 73642K106   105,454,133 4,934,681 SH   DFND 1 4,934,681 0 0
PORTILLOS INC COM CL A 73642K106   211,990 9,920 SH   DFND   9,920 0 0
PROGRESSIVE CORP COM 743315103   364,475,250 2,547,709 SH   DFND 1 2,547,709 0 0
PROGRESSIVE CORP COM 743315103   8,095,479 56,588 SH   DFND 2 56,588 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   44,315,609 221,202 SH   DFND 1 221,202 0 0
RXO INC COMMON STOCK 74982T103   6,913,044 351,988 SH   DFND 2 351,988 0 0
RXO INC COMMON STOCK 74982T103   293,072,578 14,922,229 SH   DFND 1 14,922,229 0 0
RYANAIR HOLDINGS PLC SPONSORED ADS 783513203   1,197,483 12,700 SH   DFND 1 12,700 0 0
SCHLUMBERGER LTD COM STK 806857108   586,303 11,941 SH   DFND   11,941 0 0
SCHLUMBERGER LTD COM STK 806857108   50,766,847 1,033,948 SH   DFND 1 1,033,948 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   5,846,970 70,590 SH   DFND 2 70,590 0 0
SENDAS DISTRIBUIDORA S A SPON ADS 81689T104   61,118,919 3,968,761 SH   DFND 1 3,968,761 0 0
SHELL PLC SPON ADS 780259305   728,111 12,654 SH   DFND   12,654 0 0
SHELL PLC SPON ADS 780259305   393,066,270 6,831,183 SH   DFND 1 6,831,183 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100   11,865,427 440,439 SH   DFND 1 440,439 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100   344,886 12,802 SH   DFND   12,802 0 0
SIMON PPTY GROUP INC NEW COM 828806109   542,607 4,846 SH   DFND   4,846 0 0
SIMON PPTY GROUP INC NEW COM 828806109   44,428,240 396,787 SH   DFND 1 396,787 0 0
SPDR GOLD TR GOLD SHS 78463V107   4,923,305 26,871 SH   DFND   26,871 0 0
SPDR GOLD TR GOLD SHS 78463V107   3,547,139 19,360 SH   DFND 2 19,360 0 0
SPDR GOLD TR GOLD SHS 78463V107   187,385,873 1,022,737 SH   DFND 1 1,022,737 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209   1,001,624 125,203 SH   DFND 1 125,203 0 0
SUNRUN INC COM 86771W105   261,485,502 12,976,948 SH   DFND 1 12,976,948 0 0
SUNRUN INC COM 86771W105   3,868,619 191,991 SH   DFND 2 191,991 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   1,236,887 13,297 SH   DFND   13,297 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   603,682,219 6,489,811 SH   DFND 1 6,489,811 0 0
TECK RESOURCES LTD CL B 878742204   42,874,835 1,174,653 SH   DFND 1 1,174,653 0 0
TENARIS S A SPONSORED ADS 88031M109   9,828,716 345,838 SH   DFND 1 345,838 0 0
TENARIS S A SPONSORED ADS 88031M109   155,770 5,481 SH   DFND   5,481 0 0
TEXAS INSTRS INC COM 882508104   156,248 840 SH   DFND   840 0 0
TEXAS INSTRS INC COM 882508104   29,897,015 160,728 SH   DFND 1 160,728 0 0
TRANSOCEAN LTD REG SHS H8817H100   111,278,344 17,496,595 SH   DFND 1 17,496,595 0 0
UNITEDHEALTH GROUP INC COM 91324P102   283,296,438 599,455 SH   DFND 1 599,455 0 0
UNITEDHEALTH GROUP INC COM 91324P102   6,617,678 14,003 SH   DFND 2 14,003 0 0
VALARIS LIMITED CL A G9460G101   346,183,219 5,320,984 SH   DFND 1 5,320,984 0 0
VALARIS LIMITED CL A G9460G101   373,900 5,747 SH   DFND   5,747 0 0
VALE S A SPONSORED ADS 91912E105   227,273,249 14,402,614 SH   DFND 1 14,402,614 0 0
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103   74,047,585 4,877,970 SH   DFND 1 4,877,970 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   147,399,934 9,761,585 SH   DFND 1 9,761,585 0 0
WESTLAKE CORPORATION COM 960413102   238,823,812 2,059,181 SH   DFND 1 2,059,181 0 0
WESTLAKE CORPORATION COM 960413102   315,350 2,719 SH   DFND   2,719 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   111,658,478 2,318,490 SH   DFND 1 2,318,490 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   5,296,011 109,967 SH   DFND 2 109,967 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   257,415 5,345 SH   DFND   5,345 0 0
XP INC CL A G98239109   38,503,182 3,243,739 SH   DFND 1 3,243,739 0 0
XP INC CL A G98239109   65,700 5,535 SH   DFND   5,535 0 0
XPO INC COM 983793100   3,483,161 109,190 SH   DFND 2 109,190 0 0
XPO INC COM 983793100   307,561,457 9,641,425 SH   DFND 1 9,641,425 0 0
YANDEX N V SHS CLASS A N97284108   0 3,056,164 SH   DFND 1 3,056,164 0 0
YOUDAO INC SPONSORED ADS 98741T104   116,607,046 13,718,476 SH   DFND 1 13,718,476 0 0