Form: 13F-HR

Quarterly report filed by institutional managers, Holdings

November 14, 2025

Documents

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
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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 (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ESSENT GROUP LTD COM G3198U102 105,914,731 1,666,374 SH   DFND 1,2 1,666,374 0 0
ISHARES TR HIGH YLD SYSTM B 46435G250 241,986,900 5,057,726 SH   DFND 3 5,057,726 0 0
ISHARES TR MBS ETF 464288588 366,558,810 3,852,431 SH   DFND 3 3,852,431 0 0
TRUPANION INC COM 898202106 11,382,640 263,000 SH   DFND 1,2 263,000 0 0
UNIVERSAL INS HLDGS INC COM 91359V107 15,353,177 583,771 SH   DFND 1,2 583,771 0 0