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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Adobe Inc COM 00724F101 4,202,910 20,500 SH DFND 1,2 20,500 0 0
Alphabet Inc COM 02079K305 7,504,770 21,000 SH DFND 1,2 21,000 0 0
Amazon.com Inc COM 023135106 31,460,880 132,000 SH DFND 1,2 132,000 0 0
Anheuser-busch Inbev Sa/nv ADR 03524A108 8,652,000 105,000 SH DFND 1,2 105,000 0 0
Elevance Health Inc COM 036752103 4,640,760 12,000 SH DFND 1,2 12,000 0 0
Baidu Inc ADR 056752108 1,257,190 11,000 SH DFND 1,2 11,000 0 0
Baxter International Inc COM 071813109 2,195,960 103,000 SH DFND 1,2 103,000 0 0
Becton Dickinson & Co COM 075887109 3,934,580 26,000 SH DFND 1,2 26,000 0 0
Boeing Co/the COM 097023105 7,576,450 35,000 SH DFND 1,2 35,000 0 0
Brown-forman Corp COM 115637209 3,011,450 113,000 SH DFND 1,2 113,000 0 0
Carnival Corp COM 143658300 3,571,250 125,000 SH DFND 1,2 125,000 0 0
Comcast Corp COM 20030N101 3,885,087 158,252 SH DFND 1,2 158,252 0 0
Conagra Brands Inc COM 205887102 2,342,040 174,000 SH DFND 1,2 174,000 0 0
Constellation Brands Inc COM 21036P108 1,599,535 11,500 SH DFND 1,2 11,500 0 0
Danaher Corp COM 235851102 8,952,560 47,000 SH DFND 1,2 47,000 0 0
Walt Disney Co/the COM 254687106 6,930,000 72,000 SH DFND 1 72,000 0 0
Dollar General Corp COM 256677105 805,770 7,000 SH DFND 1,2 7,000 0 0
Fidelity National Information Services Inc COM 31620M106 1,671,840 43,000 SH DFND 1,2 43,000 0 0
Franklin Resources Inc COM 354613101 4,657,800 140,000 SH DFND 2 140,000 0 0
Ge Healthcare Technologies Inc COM 36266G107 2,186,923 34,165 SH DFND 1,2 34,165 0 0
Global Payments Inc COM 37940X102 2,612,160 36,000 SH DFND 1,2 36,000 0 0
Invesco S&p 500 Equal Weight Etf ETF 46137V357 78,512,130 369,000 SH DFND 1,2 369,000 0 0
Ishares 20 Year Treasury Bond Etf ETF 464287432 75,444,660 873,000 SH DFND 1 873,000 0 0
Ishares Core S&p Small-cap Etf ETF 464287804 5,339,160 36,000 SH DFND 1,2 36,000 0 0
Kraft Heinz Co/the COM 500754106 3,094,220 131,000 SH DFND 1,2 131,000 0 0
Estee Lauder Cos Inc/the COM 518439104 2,684,300 34,000 SH DFND 1,2 34,000 0 0
Eli Lilly & Co COM 532457108 2,398,860 2,000 SH DFND 1,2 2,000 0 0
Merck & Co Inc COM 58933Y105 4,497,500 35,000 SH DFND 1,2 35,000 0 0
Nov Inc COM 62955J103 463,750 25,000 SH DFND 1 25,000 0 0
Nike Inc COM 654106103 5,459,650 133,000 SH DFND 1,2 133,000 0 0
Paypal Holdings Inc COM 70450Y103 4,058,920 94,000 SH DFND 1,2 94,000 0 0
Pepsico Inc COM 713448108 15,300,200 113,000 SH DFND 1,2 113,000 0 0
Pfizer Inc COM 717081103 10,739,680 446,000 SH DFND 1,2 446,000 0 0
Slb Ltd COM 806857108 3,254,300 70,000 SH DFND 1 70,000 0 0
Solventum Corp COM 83444M101 964,375 12,500 SH DFND 1,2 12,500 0 0
Thermo Fisher Scientific Inc COM 883556102 8,523,120 17,000 SH DFND 1,2 17,000 0 0
Us Bancorp COM 902973304 1,691,200 28,000 SH DFND 1,2 28,000 0 0
Uber Technologies Inc COM 90353T100 5,195,520 72,000 SH DFND 1,2 72,000 0 0
Under Armour Inc COM 904311107 639,000 100,000 SH DFND 1 100,000 0 0
United Parcel Service Inc COM 911312106 6,450,000 60,000 SH DFND 1,2 60,000 0 0
Unitedhealth Group Inc COM 91324P102 12,468,900 30,000 SH DFND 1,2 30,000 0 0
Verizon Communications Inc COM 92343V104 12,278,600 290,000 SH DFND 1,2 290,000 0 0
Viatris Inc COM 92556V106 2,429,504 152,991 SH DFND 1 152,991 0 0
Volkswagen Ag ADR 928662600 489,000 60,000 SH DFND 1,2 60,000 0 0
Warner Bros Discovery Inc COM 934423104 4,482,393 168,132 SH DFND 1,2 168,132 0 0
Workday Inc COM 98138H101 3,182,920 26,000 SH DFND 1,2 26,000 0 0
Zimmer Biomet Holdings Inc COM 98956P102 1,721,800 20,000 SH DFND 1,2 20,000 0 0
Zoetis Inc COM 98978V103 790,460 11,000 SH DFND 1,2 11,000 0 0
Linde Plc COM G54950103 1,037,880 2,000 SH DFND 1,2 2,000 0 0
Air Products And Chemicals Inc COM 009158106 6,743,140 23,000 SH DFND 1,2 23,000 0 0
Apple Inc COM 037833100 2,893,600 10,000 SH DFND 1,2 10,000 0 0
Stanley Black & Decker Inc COM 854502101 2,353,000 25,000 SH DFND 1,2 25,000 0 0
Union Pacific Corp COM 907818108 1,632,000 6,000 SH DFND 1,2 6,000 0 0
American Tower Corp COM 03027X100 5,070,670 31,000 SH DFND 1,2 31,000 0 0
Procter & Gamble Co/the COM 742718109 7,332,000 50,000 SH DFND 1,2 50,000 0 0
Salesforce Inc COM 79466L302 5,091,450 32,500 SH DFND 1,2 32,500 0 0
Accenture Plc COM G1151C101 2,177,700 17,500 SH DFND 1,2 17,500 0 0
Visa Inc COM 92826C839 11,665,060 34,000 SH DFND 1,2 34,000 0 0
Berkshire Hathaway Inc COM 084670702 21,016,380 42,000 SH DFND 1,2 42,000 0 0
Mastercard Inc COM 57636Q104 13,353,600 26,000 SH DFND 1,2 26,000 0 0
Paychex Inc COM 704326107 2,949,900 30,000 SH DFND 1,2 30,000 0 0
Medtronic Plc COM G5960L103 3,442,120 44,000 SH DFND 1,2 44,000 0 0
Lennar Corp COM 526057104 2,081,270 23,000 SH DFND 1,2 23,000 0 0
Extra Space Storage Inc COM 30225T102 2,760,700 19,000 SH DFND 1,2 19,000 0 0
Pnc Financial Services Group Inc/the COM 693475105 1,723,540 7,000 SH DFND 1,2 7,000 0 0
Abbott Laboratories COM 002824100 7,349,940 81,000 SH DFND 1,2 81,000 0 0
Avalonbay Communities Inc COM 053484101 1,320,830 7,000 SH DFND 1,2 7,000 0 0
Carrier Global Corp COM 14448C104 3,227,400 44,000 SH DFND 1,2 44,000 0 0
Chipotle Mexican Grill Inc COM 169656105 1,428,000 42,000 SH DFND 1,2 42,000 0 0
Meta Platforms Inc COM 30303M102 23,658,180 42,000 SH DFND 1,2 42,000 0 0
Microsoft Corp COM 594918104 35,436,900 95,000 SH DFND 1,2 95,000 0 0
Netflix Inc COM 64110L106 7,140,000 100,000 SH DFND 1,2 100,000 0 0
Nvidia Corp COM 67066G104 34,415,480 172,000 SH DFND 1,2 172,000 0 0
Otis Worldwide Corp COM 68902V107 2,291,200 32,000 SH DFND 1,2 32,000 0 0
Progressive Corp/the COM 743315103 1,747,600 8,000 SH DFND 1,2 8,000 0 0
Wells Fargo & Co COM 949746101 5,206,320 63,000 SH DFND 1,2 63,000 0 0
Eaton Corp Plc COM G29183103 1,704,480 4,000 SH DFND 1,2 4,000 0 0
American Water Works Co Inc COM 030420103 1,578,960 12,000 SH DFND 1,2 12,000 0 0
Automatic Data Processing Inc COM 053015103 4,031,100 18,000 SH DFND 1,2 18,000 0 0
Bank Of America Corp COM 060505104 5,698,000 100,000 SH DFND 1,2 100,000 0 0
Blackrock Inc COM 09290D101 4,807,800 5,000 SH DFND 1,2 5,000 0 0
Boston Scientific Corp COM 101137107 2,816,880 66,000 SH DFND 1,2 66,000 0 0
Home Depot Inc/the COM 437076102 3,879,480 11,000 SH DFND 1,2 11,000 0 0
Kkr & Co Inc COM 48251W104 4,589,000 50,000 SH DFND 1,2 50,000 0 0
Kimberly-clark Corp COM 494368103 1,097,700 10,000 SH DFND 1,2 10,000 0 0
Lowe's Cos Inc COM 548661107 2,645,880 12,000 SH DFND 1,2 12,000 0 0
Alphabet Inc COM 02079K107 7,596,595 21,500 SH DFND 1,2 21,500 0 0
American Express Co COM 025816109 2,367,750 7,000 SH DFND 1,2 7,000 0 0
Amphenol Corp COM 032095101 3,702,720 21,000 SH DFND 1,2 21,000 0 0
Blackstone Inc COM 09260D107 2,706,410 23,000 SH DFND 1,2 23,000 0 0
Booking Holdings Inc COM 09857L108 3,564,800 20,000 SH DFND 1,2 20,000 0 0
Broadcom Inc COM 11135F101 12,843,500 34,000 SH DFND 1,2 34,000 0 0
Cbre Group Inc COM 12504L109 2,693,800 20,000 SH DFND 1,2 20,000 0 0
Capital One Financial Corp COM 14040H105 2,808,680 14,000 SH DFND 1,2 14,000 0 0
Spotify Technology Sa COM 177876291 3,213,910 7,000 SH DFND 1,2 7,000 0 0
Coinbase Global Inc COM 19260Q107 2,339,040 16,000 SH DFND 1,2 16,000 0 0
Crown Castle Inc COM 22822V101 984,490 13,000 SH DFND 1,2 13,000 0 0
Ecolab Inc COM 278865100 3,343,320 12,000 SH DFND 1,2 12,000 0 0
Edwards Lifesciences Corp COM 28176E108 2,351,960 26,000 SH DFND 1,2 26,000 0 0
Emerson Electric Co COM 291011104 1,145,200 8,000 SH DFND 1,2 8,000 0 0
Intuit Inc COM 461202103 1,305,000 5,000 SH DFND 1,2 5,000 0 0
Intuitive Surgical Inc COM 46120E602 3,976,800 10,000 SH DFND 1,2 10,000 0 0
Iqvia Holdings Inc COM 46266C105 1,062,710 5,500 SH DFND 1,2 5,500 0 0
Reddit Inc COM 75734B100 3,471,600 20,000 SH DFND 1,2 20,000 0 0
Charles Schwab Corp/the COM 808513105 3,229,450 35,000 SH DFND 1,2 35,000 0 0
Servicenow Inc COM 81762P102 1,588,480 16,000 SH DFND 1,2 16,000 0 0
Stryker Corp COM 863667101 4,092,920 13,000 SH DFND 1,2 13,000 0 0
3m Co COM 88579Y101 1,133,370 7,000 SH DFND 1,2 7,000 0 0
Versant Media Group Inc COM 925283103 321,569 8,930 SH DFND 1,2 8,930 0 0
Aon Plc COM G0403H108 995,070 3,000 SH DFND 1,2 3,000 0 0
Autozone Inc COM 053332102 2,396,955 750 SH DFND 1,2 750 0 0
Deere & Co COM 244199105 1,268,660 2,000 SH DFND 1,2 2,000 0 0
Doordash Inc COM 25809K105 1,291,710 7,000 SH DFND 1,2 7,000 0 0
Duke Energy Corp COM 26441C204 3,544,240 28,000 SH DFND 1,2 28,000 0 0
Hca Healthcare Inc COM 40412C101 2,339,340 6,000 SH DFND 1,2 6,000 0 0
Honeywell Aerospace Inc COM 43849R105 773,780 3,500 SH DFND 1,2 3,500 0 0
Honeywell International Inc COM 438516205 783,650 3,500 SH DFND 1,2 3,500 0 0
Intercontinental Exchange Inc COM 45866F104 1,477,320 12,000 SH DFND 1,2 12,000 0 0
Johnson & Johnson COM 478160104 3,301,610 13,000 SH DFND 1,2 13,000 0 0
L3harris Technologies Inc COM 502431109 1,452,950 5,000 SH DFND 1,2 5,000 0 0
Lockheed Martin Corp COM 539830109 2,037,840 4,000 SH DFND 1,2 4,000 0 0
Mcdonald's Corp COM 580135101 4,865,580 18,000 SH DFND 1,2 18,000 0 0
Northrop Grumman Corp COM 666807102 5,093,100 10,000 SH DFND 1,2 10,000 0 0
State Street Utilities Select Sector Spdr Etf ETF 81369Y886 10,065,480 222,000 SH DFND 1,2 222,000 0 0
Sysco Corp COM 871829107 2,340,240 28,000 SH DFND 1,2 28,000 0 0
Tesla Inc COM 88160R101 5,467,800 13,000 SH DFND 1,2 13,000 0 0
Vistra Corp COM 92840M102 951,780 6,000 SH DFND 1,2 6,000 0 0
Waste Management Inc COM 94106L109 891,520 4,000 SH DFND 1,2 4,000 0 0
Zscaler Inc COM 98980G102 1,129,200 8,000 SH DFND 1,2 8,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 1,919,600 20,000 SH DFND 1 20,000 0 0
Vanguard Ftse Developed Markets Etf ETF 921943858 13,181,250 185,000 SH DFND 1 185,000 0 0