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   6,708,601 323,618 SH   DFND 2 323,618 0 0
AES CORP COM 00130H105   366,515,397 17,680,434 SH   DFND 1 17,680,434 0 0
AIRBNB INC COM CL A 009066101   113,328,300 884,272 SH   DFND 1 884,272 0 0
AIRBNB INC COM CL A 009066101   1,041,172 8,124 SH   DFND 2 8,124 0 0
ALPHABET INC CAP STK CL A 02079K305   23,722,745 198,185 SH   DFND 1 198,185 0 0
ALPHABET INC CAP STK CL C 02079K107   275,936,199 2,281,030 SH   DFND 1 2,281,030 0 0
ALPHABET INC CAP STK CL C 02079K107   5,302,841 43,836 SH   DFND 2 43,836 0 0
AMAZON COM INC COM 023135106   6,896,174 52,901 SH   DFND 2 52,901 0 0
AMAZON COM INC COM 023135106   35,998,001 276,143 SH   DFND 1 276,143 0 0
AMBEV SA SPONSORED ADR 02319V103   21,258,516 6,685,068 SH   DFND 1 6,685,068 0 0
BARRICK GOLD CORP COM 067901108   892,059 52,691 SH   DFND   52,691 0 0
BARRICK GOLD CORP COM 067901108   79,823,833 4,714,934 SH   DFND 1 4,714,934 0 0
BOOKING HOLDINGS INC COM 09857L108   167,396,157 61,991 SH   DFND 1 61,991 0 0
BOOKING HOLDINGS INC COM 09857L108   105,313 39 SH   DFND   39 0 0
BORR DRILLING LTD SHS G1466R173   67,890,028 9,015,940 SH   DFND 1 9,015,940 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   263,074,244 7,923,923 SH   DFND 1 7,923,923 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   20,642,222 613,439 SH   DFND 1 613,439 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   243,290 7,230 SH   DFND   7,230 0 0
BURFORD CAP LTD ORD SHS G17977110   53,220,230 4,369,477 SH   DFND 1 4,369,477 0 0
BURFORD CAP LTD ORD SHS G17977110   662,799 54,417 SH   DFND   54,417 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   39,410,769 870,187 SH   DFND 1 870,187 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   580,074 12,808 SH   DFND   12,808 0 0
CHURCH & DWIGHT CO INC COM 171340102   5,064,421 50,528 SH   DFND 2 50,528 0 0
CHURCH & DWIGHT CO INC COM 171340102   33,449,557 333,728 SH   DFND 1 333,728 0 0
CINEMARK HLDGS INC COM 17243V102   747,434 45,299 SH   DFND   45,299 0 0
CINEMARK HLDGS INC COM 17243V102   180,242,040 10,923,760 SH   DFND 1 10,923,760 0 0
CONSTELLATION ENERGY CORP COM 21037T109   429,461 4,691 SH   DFND   4,691 0 0
CONSTELLATION ENERGY CORP COM 21037T109   494,958,483 5,406,428 SH   DFND 1 5,406,428 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   16,395,509 1,151,370 SH   DFND 1 1,151,370 0 0
DOLLAR GEN CORP NEW COM 256677105   80,257,213 472,713 SH   DFND 1 472,713 0 0
DOLLAR GEN CORP NEW COM 256677105   9,158,612 53,944 SH   DFND 2 53,944 0 0
ELEVANCE HEALTH INC COM 036752103   324,266,389 729,853 SH   DFND 1 729,853 0 0
ELEVANCE HEALTH INC COM 036752103   8,690,312 19,560 SH   DFND 2 19,560 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   19,054,210 75,889 SH   DFND 2 75,889 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   1,261,843,717 5,025,664 SH   DFND 1 5,025,664 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   975,697 3,886 SH   DFND   3,886 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   6,654,169 60,034 SH   DFND 1 60,034 0 0
GENERAC HLDGS INC COM 368736104   317,349 2,128 SH   DFND   2,128 0 0
GENERAC HLDGS INC COM 368736104   24,356,657 163,325 SH   DFND 1 163,325 0 0
GLOBAL PMTS INC COM 37940X102   11,282,510 114,520 SH   DFND 2 114,520 0 0
GLOBAL PMTS INC COM 37940X102   247,285 2,510 SH   DFND   2,510 0 0
GLOBAL PMTS INC COM 37940X102   701,837,958 7,123,812 SH   DFND 1 7,123,812 0 0
GOLAR LNG LTD SHS G9456A100   153,362,676 7,603,504 SH   DFND 1 7,603,504 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   120,154,362 8,687,951 SH   DFND 1 8,687,951 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   625,938 9,964 SH   DFND   9,964 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   972,519,498 15,481,049 SH   DFND 1 15,481,049 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   16,486,292 262,437 SH   DFND 2 262,437 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   304,130 41,210 SH   DFND   41,210 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   19,737,840 2,674,504 SH   DFND 1 2,674,504 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   22,124,473 152,006 SH   DFND 1 152,006 0 0
HOWMET AEROSPACE INC COM 443201108   363,046,229 7,325,388 SH   DFND 1 7,325,388 0 0
HOWMET AEROSPACE INC COM 443201108   6,216,113 125,426 SH   DFND 2 125,426 0 0
INTEL CORP COM 458140100   276,482 8,268 SH   DFND   8,268 0 0
INTEL CORP COM 458140100   5,394,675 161,324 SH   DFND 2 161,324 0 0
INTEL CORP COM 458140100   331,603,078 9,916,360 SH   DFND 1 9,916,360 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   3,963,519 47,713 SH   DFND 2 47,713 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   672,873,396 8,100,077 SH   DFND 1 8,100,077 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   58,009,549 9,832,127 SH   DFND 1 9,832,127 0 0
KB FINL GROUP INC SPONSORED ADR 48241A105   30,943,130 850,086 SH   DFND 1 850,086 0 0
KINDER MORGAN INC DEL COM 49456B101   4,598,274 267,031 SH   DFND 2 267,031 0 0
KINDER MORGAN INC DEL COM 49456B101   299,640,519 17,400,727 SH   DFND 1 17,400,727 0 0
KINDER MORGAN INC DEL COM 49456B101   2,564,110 148,903 SH   DFND   148,903 0 0
MARCUS CORP DEL COM 566330106   13,022,060 878,089 SH   DFND 1 878,089 0 0
MARCUS CORP DEL COM 566330106   143,777 9,695 SH   DFND   9,695 0 0
MASTEC INC COM 576323109   692,720 5,872 SH   DFND   5,872 0 0
MASTEC INC COM 576323109   50,973,539 432,089 SH   DFND 1 432,089 0 0
MICRON TECHNOLOGY INC COM 595112103   373,636,255 5,920,397 SH   DFND 1 5,920,397 0 0
MICRON TECHNOLOGY INC COM 595112103   3,537,631 56,055 SH   DFND 2 56,055 0 0
MICRON TECHNOLOGY INC COM 595112103   535,047 8,478 SH   DFND   8,478 0 0
MICROSOFT CORP COM 594918104   25,294,971 74,279 SH   DFND 1 74,279 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   9,236,560 31,494 SH   DFND 2 31,494 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307   366,098,198 1,248,289 SH   DFND 1 1,248,289 0 0
NETEASE INC SPONSORED ADS 64110W102   182,896,097 1,891,572 SH   DFND 1 1,891,572 0 0
NOBLE CORP PLC ORD SHS A G65431127   161,150 3,901 SH   DFND   3,901 0 0
NOBLE CORP PLC ORD SHS A G65431127   156,884,681 3,797,741 SH   DFND 1 3,797,741 0 0
NVR INC COM 62944T105   20,080,660 3,162 SH   DFND 1 3,162 0 0
NVR INC COM 62944T105   3,251,517 512 SH   DFND 2 512 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   2,113,124 2,212 SH   DFND 2 2,212 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   10,792,979 11,298 SH   DFND 1 11,298 0 0
PAN AMERN SILVER CORP COM 697900108   32,047,394 2,198,038 SH   DFND 1 2,198,038 0 0
PERIMETER SOLUTIONS SA COMMON STOCK L7579L106   1,352,084 219,851 SH   DFND 2 219,851 0 0
PORTILLOS INC COM CL A 73642K106   250,804 11,132 SH   DFND   11,132 0 0
PORTILLOS INC COM CL A 73642K106   115,307,661 5,117,961 SH   DFND 1 5,117,961 0 0
PROGRESSIVE CORP COM 743315103   310,820,247 2,348,117 SH   DFND 1 2,348,117 0 0
PROGRESSIVE CORP COM 743315103   7,781,238 58,784 SH   DFND 2 58,784 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   51,503,768 276,130 SH   DFND 1 276,130 0 0
RXO INC COMMON STOCK 74982T103   9,174,413 404,694 SH   DFND 2 404,694 0 0
RXO INC COMMON STOCK 74982T103   353,090,963 15,575,252 SH   DFND 1 15,575,252 0 0
SCHLUMBERGER LTD COM STK 806857108   30,053,581 611,840 SH   DFND 1 611,840 0 0
SCHLUMBERGER LTD COM STK 806857108   377,929 7,694 SH   DFND   7,694 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   2,622,927 32,314 SH   DFND 2 32,314 0 0
SENDAS DISTRIBUIDORA S A SPON ADS 81689T104   92,024,349 6,386,145 SH   DFND 1 6,386,145 0 0
SHELL PLC SPON ADS 780259305   403,258,819 6,678,682 SH   DFND 1 6,678,682 0 0
SHELL PLC SPON ADS 780259305   618,653 10,246 SH   DFND   10,246 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100   12,022,651 461,345 SH   DFND 1 461,345 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100   333,620 12,802 SH   DFND   12,802 0 0
SIMON PPTY GROUP INC NEW COM 828806109   46,394,667 401,755 SH   DFND 1 401,755 0 0
SIMON PPTY GROUP INC NEW COM 828806109   648,998 5,620 SH   DFND   5,620 0 0
SPDR GOLD TR GOLD SHS 78463V107   3,451,307 19,360 SH   DFND 2 19,360 0 0
SPDR GOLD TR GOLD SHS 78463V107   185,039,447 1,037,973 SH   DFND 1 1,037,973 0 0
SPDR GOLD TR GOLD SHS 78463V107   4,790,293 26,871 SH   DFND   26,871 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209   1,076,746 125,203 SH   DFND 1 125,203 0 0
SUNRUN INC COM 86771W105   3,614,132 202,359 SH   DFND 2 202,359 0 0
SUNRUN INC COM 86771W105   246,376,789 13,794,893 SH   DFND 1 13,794,893 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   600,597,425 5,951,223 SH   DFND 1 5,951,223 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   1,238,087 12,268 SH   DFND   12,268 0 0
TECK RESOURCES LTD CL B 878742204   74,760,422 1,775,782 SH   DFND 1 1,775,782 0 0
TENARIS S A SPONSORED ADS 88031M109   229,776 7,672 SH   DFND   7,672 0 0
TENARIS S A SPONSORED ADS 88031M109   53,708,257 1,793,264 SH   DFND 1 1,793,264 0 0
TEXAS INSTRS INC COM 882508104   18,290,932 101,605 SH   DFND 1 101,605 0 0
TRANSOCEAN LTD REG SHS H8817H100   123,374,128 17,599,733 SH   DFND 1 17,599,733 0 0
UNITEDHEALTH GROUP INC COM 91324P102   350,796,065 729,852 SH   DFND 1 729,852 0 0
UNITEDHEALTH GROUP INC COM 91324P102   7,461,936 15,525 SH   DFND 2 15,525 0 0
VALARIS LIMITED CL A G9460G101   319,448,538 5,076,252 SH   DFND 1 5,076,252 0 0
VALE S A SPONSORED ADS 91912E105   210,535,483 15,688,188 SH   DFND 1 15,688,188 0 0
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103   74,927,408 4,541,055 SH   DFND 1 4,541,055 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   142,470,765 11,361,305 SH   DFND 1 11,361,305 0 0
WESTLAKE CORPORATION COM 960413102   347,985,526 2,912,744 SH   DFND 1 2,912,744 0 0
WESTLAKE CORPORATION COM 960413102   272,989 2,285 SH   DFND   2,285 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   4,409,218 102,018 SH   DFND 2 102,018 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   288,148 6,667 SH   DFND   6,667 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   113,206,881 2,619,317 SH   DFND 1 2,619,317 0 0
XP INC CL A G98239109   56,936,599 2,426,965 SH   DFND 1 2,426,965 0 0
XPO INC COM 983793100   457,012,879 7,745,981 SH   DFND 1 7,745,981 0 0
XPO INC COM 983793100   5,509,951 93,389 SH   DFND 2 93,389 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   62,192,677 12,903,045 SH   DFND 1 12,903,045 0 0