View:
Download DOC
Download PDF
Download XLS
SEC FORM 13F-HR

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 COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 06-30-2025
Check here if Amendment checkbox unchecked Amendment Number:
This Amendment (Check only one.): checkbox unchecked is a restatement.
checkbox unchecked adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: WESTWOOD HOLDINGS GROUP INC
Address: 200 CRESCENT COURT
SUITE 1200
DALLAS, TX  75201
Form 13F File Number: 028-15581
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: John A. Ehinger
Title: Chief Compliance Officer, Head of Legal
Phone: 214-750-2286
Signature, Place, and Date of Signing:
/s/John A. Ehinger DALLAS,  TX 08-08-2025
[Signature] [City, State] [Date]
Report Type (Check only one.):
checkbox checked 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
checkbox unchecked 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
checkbox unchecked 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 453
Form 13F Information Table Value Total: 11,371,504,453
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Name Form 13F File Number CRD No. (if applicable) SEC File No. (if applicable) CIK
2 WESTWOOD MANAGEMENT CORP /TX 028-05046     0000949471
4 Westwood Trust 028-16988     0001607760
5 Westwood Advisors, L.L.C. 028-10977     0001297254
6 BROADMARK ASSET MANAGEMENT LLC 028-06435     0001095952
SEC FORM 13-F Information Table

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
3M CO COM 88579Y101 BBG001S5T7X2 337,212 2,215 SH   DFND 4 2,215 0 0
AAR CORP COM 000361105 BBG001S5NJX2 107,000,437 1,555,465 SH   DFND 2, 4, 5 1,552,032 2,970 463
ABBOTT LABS COM 002824100 BBG001S5N9M6 145,496,017 1,069,745 SH   DFND 2, 4, 5 1,051,445 1,447 16,853
ABBVIE INC COM 00287Y109 BBG0025Y4RZ3 1,592,805 8,581 SH   DFND 2, 4, 5 6,399 0 2,182
ACADEMY SPORTS & OUTDOORS IN COM 00402L107 BBG00X7L1CW0 94,556,807 2,110,172 SH   DFND 2, 4, 5 2,107,339 2,318 515
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 BBG001SCXK90 66,946,578 223,984 SH   DFND 2, 4, 5 223,175 369 440
ADOBE INC COM 00724F101 BBG001S5NCQ5 33,223,320 85,875 SH   DFND 2, 4, 5 85,098 92 685
ADVANCED DRAIN SYS INC DEL COM 00790R104 BBG001SH4LQ0 28,885,337 251,483 SH   DFND 2, 4, 5 249,859 1,616 8
ADVANCED ENERGY INDS NOTE 2.500% 9/1 007973AE0   3,320,000 2,750,000 PRN   DFND 2 2,750,000 0 0
AGREE RLTY CORP COM 008492100 BBG001S6RY81 65,375,915 894,825 SH   DFND 2, 4, 5 893,102 1,063 660
ALAMO GROUP INC COM 011311107 BBG001S7YVC2 74,328,472 340,363 SH   DFND 2, 4, 5 340,213 0 150
ALCON AG ORD SHS H01301128 BBG00NPWGYR0 3,437,005 38,933 SH   DFND 2 38,676 257 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 BBG001S6CPH6 5,094,196 70,139 SH   DFND 2 70,139 0 0
ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 01609WBG6   3,825,000 3,000,000 PRN   DFND 2 3,000,000 0 0
ALLIANT ENERGY CORP COM 018802108 BBG001S8ZQ30 8,633,907 142,780 SH   DFND 2, 5 141,990 0 790
ALPHABET INC CAP STK CL A 02079K305 BBG009S39JY5 127,415,171 723,005 SH   DFND 2, 4, 5 717,996 946 4,063
ALPHABET INC CAP STK CL C 02079K107 BBG009S3NB21 45,049,432 253,957 SH   DFND 2, 4, 5 236,212 0 17,745
ALTRIA GROUP INC COM 02209S103 BBG001S5T8T5 625,054 10,661 SH   DFND 2, 5 10,261 0 400
AMAZON COM INC COM 023135106 BBG001S5PQL7 139,073,296 633,909 SH   DFND 2, 4, 5 616,185 731 16,993
AMDOCS LTD SHS G02602103 BBG001SBX7P3 20,762,666 227,561 SH   DFND 2 226,675 886 0
AMERICAN COASTAL INS CORP COM 910710102 BBG001T09W05 1,676,173 150,735 SH   DFND 5 0 0 150,735
AMERICAN ELEC PWR CO INC COM 025537101 BBG001S5NFD2 328,297 3,164 SH   DFND 2, 4, 5 2,728 0 436
AMERICAN HEALTHCARE REIT INC COM SHS 398182303 BBG01L820DT9 489,524 13,324 SH   DFND 2, 4 8,631 4,693 0
AMERICAN INTL GROUP INC COM NEW 026874784 BBG001S5NJG1 396,025 4,627 SH   DFND 2, 4, 5 3,822 0 805
AMERICAN TOWER CORP NEW COM 03027X100 BBG001S5NPQ6 36,081,294 163,249 SH   DFND 2, 4, 5 162,797 340 112
AMGEN INC COM 031162100 BBG001S5NNL6 3,594,270 12,873 SH   DFND 2, 4, 5 12,525 0 348
AMKOR TECHNOLOGY INC COM 031652100 BBG001S64YF8 345,286 16,450 SH   DFND 4, 5 16,168 0 282
AMPHENOL CORP NEW CL A 032095101 BBG001S5NSK6 265,934 2,693 SH   DFND 2, 5 2,619 0 74
ANTERO MIDSTREAM CORP COM 03676B102 BBG00GBNZ4N9 42,424,350 2,238,752 SH   DFND 2 2,232,502 0 6,250
APOLLO GLOBAL MGMT INC COM 03769M106 BBG00ZNLTFL2 3,537,245 24,933 SH   DFND 2 24,767 166 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 BBG006473QY8 4,086,624 350,182 SH   DFND 2 350,182 0 0
APPLE INC COM 037833100 BBG001S5N8V8 56,397,335 274,881 SH   DFND 2, 4, 5 256,046 0 18,835
APTIV PLC COM SHS G3265R107 BBG01R914M77 16,799,448 246,254 SH   DFND 4, 5 225,079 261 20,914
ARCBEST CORP COM 03937C105 BBG001S686R2 57,687,652 749,093 SH   DFND 2, 4, 5 748,838 0 255
ARCHROCK INC COM 03957W106 BBG001SVDK72 243,706 9,815 SH   DFND 2 9,815 0 0
ARIS WATER SOLUTIONS INC CLASS A COM 04041L106 BBG012PPXNM0 7,433,337 314,306 SH   DFND 2 314,306 0 0
ARLO TECHNOLOGIES INC COM 04206A101 BBG00K88DTJ1 2,002,332 118,062 SH   DFND 4, 5 111,959 0 6,103
AT&T INC COM 00206R102 BBG001S5VWH2 4,333,910 149,755 SH   DFND 2, 4, 5 145,082 0 4,673
ATLANTIC UN BANKSHARES CORP COM 04911A107 BBG001S7GJV8 74,344,240 2,376,734 SH   DFND 2, 4, 5 2,375,797 0 937
AVALONBAY CMNTYS INC COM 053484101 BBG001S7J2H8 4,104,188 20,168 SH   DFND 2 20,168 0 0
AVIENT CORPORATION COM 05368V106 BBG001S6RCD3 1,318,280 40,801 SH   DFND 2 40,801 0 0
AVISTA CORP COM 05379B107 BBG001S5NZ48 80,101,482 2,110,711 SH   DFND 2, 4, 5 2,109,834 0 877
AXALTA COATING SYS LTD COM G0750C108 BBG0060CPLK3 21,289,482 717,059 SH   DFND 2, 5 713,402 3,616 41
AZZ INC COM 002474104 BBG001S9QNK6 57,066,109 604,002 SH   DFND 2, 4, 5 603,735 0 267
BAKER HUGHES COMPANY CL A 05722G100 BBG00GBVBK60 527,980 13,771 SH   DFND 2 13,771 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 BBG001S5XP76 196,505 12,785 SH   DFND 4 12,785 0 0
BANK AMERICA CORP COM 060505104 BBG001S5P0Y0 116,307,449 2,457,892 SH   DFND 2, 4, 5 2,396,757 3,279 57,856
BANK MONTREAL QUE COM 063671101 BBG001S5Y203 258,432 2,336 SH   DFND 4 2,336 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 BBG001S7BGZ5 39,514,409 892,376 SH   DFND 2, 4, 5 891,923 0 453
BANNER CORP COM NEW 06652V208 BBG001SD3DZ8 75,692,317 1,179,927 SH   DFND 2, 4, 5 1,179,425 0 502
BARRICK MNG CORP COM SHS 06849F108 BBG001S5N9P3 9,633,997 462,728 SH   DFND 2, 4, 5 428,158 868 33,702
BECTON DICKINSON & CO COM 075887109 BBG001S5P374 6,755,301 39,218 SH   DFND 2, 4, 5 38,842 0 376
BERKSHIRE HATHAWAY INC DEL CL A 084670108 BBG001S902J2 4,372,800 6 SH   DFND 4 6 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG001S90346 64,577,778 132,939 SH   DFND 2, 4, 5 132,457 202 280
BJS WHSL CLUB HLDGS INC COM 05550J101 BBG00FQ8T4M6 22,005,623 204,077 SH   DFND 2, 4, 5 202,457 1,608 12
BLACKLINE INC COM 09239B109 BBG0029KJVD8 74,440,069 1,314,731 SH   DFND 2, 4, 5 1,314,145 0 586
BLACKLINE INC NOTE 1.000% 6/0 09239BAF6   8,091,000 7,600,000 PRN   DFND 2 7,600,000 0 0
BLACKSTONE INC COM 09260D107 BBG001S7H949 361,236 2,415 SH   DFND 2, 4 2,055 0 360
BLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 09257WAE0   2,990,000 3,000,000 PRN   DFND 2 3,000,000 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 BBG001S5Q7V7 7,700,000 400,000 SH   DFND 2 400,000 0 0
BLOCK INC CL A 852234103 BBG001TFLWL5 440,526 6,485 SH   DFND 4, 5 6,106 0 379
BLUE BIRD CORP COM 095306106 BBG006427TN1 96,457,334 2,234,878 SH   DFND 2, 4, 5 2,229,248 2,847 2,783
BLUE OWL CAPITAL INC COM CL A 09581B103 BBG00XV417S7 16,652,630 866,873 SH   DFND 2, 4, 5 788,763 965 77,145
BOEING CO COM 097023105 BBG001S5P0V3 1,733,232 8,272 SH   DFND 2, 5 7,812 58 402
BOEING CO DEP CONV PFD A 097023204   12,240,000 180,000 SH   DFND 2 180,000 0 0
BOISE CASCADE CO DEL COM 09739D100 BBG001SZX397 142,821,157 1,645,026 SH   DFND 2, 4, 5 1,642,754 1,603 669
BOK FINL CORP COM NEW 05561Q201 BBG001S6VBZ6 452,906 4,639 SH   DFND 4 4,639 0 0
BOOKING HOLDINGS INC COM 09857L108 BBG001S89N72 318,408 55 SH   DFND 4, 5 37 0 18
BOOT BARN HLDGS INC COM 099406100 BBG007D38ZV3 34,789,608 228,879 SH   DFND 2, 4, 5 228,735 0 144
BP PLC SPONSORED ADR 055622104 BBG001S5W4F5 714,489 23,872 SH   DFND 4, 5 23,872 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 BBG001S8N8J6 245,013 5,293 SH   DFND 4, 5 5,293 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 BBG001V0T8T2 15,080,858 579,142 SH   DFND 2 576,167 2,975 0
BROADCOM INC COM 11135F101 BBG00KHY5SY8 10,896,445 39,530 SH   DFND 2, 4, 5 39,395 0 135
BROOKFIELD CORP CL A LTD VT SH 11271J107 BBG001SF86D7 429,858 6,950 SH   DFND 2, 4 6,950 0 0
BWX TECHNOLOGIES INC COM 05605H100 BBG001SGJPH7 94,308,159 654,645 SH   DFND 2, 4, 5 651,029 2,664 952
CACI INTL INC CL A 127190304 BBG001SF9NK1 32,741,663 68,684 SH   DFND 2, 4, 5 68,269 411 4
CADENCE BANK COM 12740C103 BBG001SHFG98 718,143 22,456 SH   DFND 4, 5 21,743 0 713
CADENCE DESIGN SYSTEM INC COM 127387108 BBG001S65YK1 6,199,978 20,120 SH   DFND 2 20,120 0 0
CAMECO CORP COM 13321L108 BBG001S5Y5S6 499,642 6,731 SH   DFND 2, 4, 5 3,870 2,842 19
CANADIAN NATL RY CO COM 136375102 BBG001S8WVQ7 416,160 4,000 SH   DFND 4 4,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 BBG001S65PV8 22,421,287 105,383 SH   DFND 2, 4, 5 104,847 69 467
CATERPILLAR INC COM 149123101 BBG001S5PJ06 2,642,545 6,807 SH   DFND 2, 4 6,807 0 0
CDW CORP COM 12514G108 BBG001V18TB6 3,163,007 17,711 SH   DFND 2, 5 17,576 126 9
CENTERPOINT ENERGY INC NOTE 4.250% 8/1 15189TBD8   6,797,000 6,180,000 PRN   DFND 2 6,180,000 0 0
CENTERSPACE COM 15202L107 BBG001SB9ZW0 6,620,900 110,000 SH   DFND 2 110,000 0 0
CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 BBG001SLHT35 35,699,919 1,140,937 SH   DFND 2, 5 1,140,503 0 434
CENTURY CMNTYS INC COM 156504300 BBG006G413H4 75,569,106 1,341,781 SH   DFND 2, 4, 5 1,341,407 0 374
CHEESECAKE FACTORY INC COM 163072101 BBG001S71Q75 79,859,355 1,274,487 SH   DFND 2, 4, 5 1,271,162 2,873 452
CHEFS WHSE INC NOTE 2.375%12/1 163086AE1   2,303,000 1,470,000 PRN   DFND 2 1,470,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 BBG001S7W158 5,095,656 20,925 SH   DFND 2, 4, 5 11,417 9,082 426
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 BBG001SSCPS6 630,282 11,245 SH   DFND 2 11,245 0 0
CHEVRON CORP NEW COM 166764100 BBG001S67ZC5 89,292,568 623,595 SH   DFND 2, 4, 5 612,815 774 10,006
CHICAGO ATLANTIC BDC INC COM 828174102 BBG011K51CL1 111,128 10,737 SH   DFND 4 10,737 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 BBG001SP50B3 25,741,518 458,442 SH   DFND 2, 4, 5 422,144 911 35,387
CHORD ENERGY CORPORATION COM NEW 674215207 BBG00Y7BLJF2 20,791,758 214,680 SH   DFND 2, 4, 5 212,672 1,083 925
CHUBB LIMITED COM H1467J104 BBG001S8S1L3 3,785,192 13,065 SH   DFND 2, 4, 5 12,750 0 315
CHURCH & DWIGHT CO INC COM 171340102 BBG001S5PR99 79,855,396 830,875 SH   DFND 2, 4, 5 817,237 1,164 12,474
CISCO SYS INC COM 17275R102 BBG001S6HC62 15,885,453 228,963 SH   DFND 2, 4, 5 227,284 0 1,679
CITIGROUP INC COM NEW 172967424 BBG001S72ZG4 235,697 2,769 SH   DFND 4, 5 2,741 0 28
CITY HLDG CO COM 177835105 BBG001S5PR71 75,429,205 616,151 SH   DFND 2, 4, 5 615,838 0 313
CLEARWAY ENERGY INC CL C 18539C204 BBG008LJ4TG2 2,692,512 84,141 SH   DFND 2 84,141 0 0
CLOUDFLARE INC CL A COM 18915M107 BBG001WMKHJ3 1,392,743 7,112 SH   DFND 4, 5 6,735 0 377
CME GROUP INC COM 12572Q105 BBG001S86547 778,351 2,824 SH   DFND 4, 5 2,768 0 56
CMS ENERGY CORP COM 125896100 BBG001S5PYJ3 8,361,957 120,698 SH   DFND 2, 4, 5 120,328 348 22
CMS ENERGY CORP NOTE 3.375% 5/0 125896BX7   2,408,000 2,250,000 PRN   DFND 2 2,250,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 BBG001SN16N6 41,166,553 424,967 SH   DFND 2, 4, 5 424,760 0 207
COCA COLA CO COM 191216100 BBG001S5SMQ8 3,141,937 44,409 SH   DFND 2, 4, 5 42,887 0 1,522
COINBASE GLOBAL INC COM CL A 19260Q107 BBG00ZGF7799 1,386,889 3,957 SH   DFND 4, 5 3,737 0 220
COLGATE PALMOLIVE CO COM 194162103 BBG001S5PVM5 12,906,164 141,982 SH   DFND 2, 4, 5 132,532 381 9,069
COMCAST CORP NEW CL A 20030N101 BBG001S5PXL2 221,992 6,220 SH   DFND 4 6,220 0 0
CONMED CORP COM 207410101 BBG001S5PZH2 64,436,032 1,237,251 SH   DFND 2, 4, 5 1,236,850 0 401
CONOCOPHILLIPS COM 20825C104 BBG001S5TZM2 6,630,530 73,886 SH   DFND 2, 4, 5 73,489 0 397
COOPER COS INC COM 216648501 BBG001S5Q1H6 22,183,774 311,745 SH   DFND 2, 4, 5 309,140 1,743 862
COPT DEFENSE PROPERTIES SHS BEN INT 22002T108 BBG001S5XVM6 99,883,480 3,621,591 SH   DFND 2, 4, 5 3,614,895 4,514 2,182
CORTEVA INC COM 22052L104 BBG00BN969D0 10,633,270 142,671 SH   DFND 2, 4, 5 130,905 0 11,766
COSTCO WHSL CORP NEW COM 22160K105 BBG001S9KRQ7 8,960,937 9,052 SH   DFND 2, 4, 5 8,248 0 804
COTERRA ENERGY INC COM 127097103 BBG001S6H6Y4 285,982 11,268 SH   DFND 2, 5 11,264 0 4
CRESCENT ENERGY COMPANY CL A COM 44952J104 BBG013THLJ08 323,300 37,593 SH   DFND 4 37,593 0 0
CRISPR THERAPEUTICS AG NAMEN AKT H17182108 BBG00DBBGRY0 1,484,201 30,514 SH   DFND 4, 5 28,763 0 1,751
CROWDSTRIKE HLDGS INC CL A 22788C105 BBG00BLYKRZ7 31,651,579 62,146 SH   DFND 2, 4, 5 56,449 135 5,562
CROWN HLDGS INC COM 228368106 BBG001S5PKZ5 32,039,755 311,126 SH   DFND 2, 4, 5 309,239 1,876 11
CULLEN FROST BANKERS INC COM 229899109 BBG001S6D2D0 56,543,846 439,893 SH   DFND 2, 4, 5 425,851 1,830 12,212
DANAHER CORPORATION COM 235851102 BBG001S5QGT0 5,753,748 29,127 SH   DFND 2, 5 28,024 0 1,103
DARDEN RESTAURANTS INC COM 237194105 BBG001S5QM08 68,565,515 314,564 SH   DFND 2, 4, 5 313,752 541 271
DEERE & CO COM 244199105 BBG001S5QFF7 49,623,539 97,590 SH   DFND 2, 4, 5 94,740 166 2,684
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 BBG0036D6305 9,928,709 231,169 SH   DFND 2 231,169 0 0
DELL TECHNOLOGIES INC CL C 24703L202 BBG00DW3SZT0 4,506,899 36,761 SH   DFND 2, 4, 5 36,058 0 703
DEVON ENERGY CORP NEW COM 25179M103 BBG001S63VG4 482,685 15,174 SH   DFND 2 15,174 0 0
DEXCOM INC NOTE 0.375% 5/1 252131AM9   2,822,000 3,000,000 PRN   DFND 2 3,000,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 BBG002PHSZN7 4,366,709 31,781 SH   DFND 2, 4, 5 31,190 157 434
DICKS SPORTING GOODS INC COM 253393102 BBG001SK2651 973,027 4,919 SH   DFND 2, 4 4,919 0 0
DIGITALOCEAN HLDGS INC NOTE 12/0 25402DAB8   935,000 1,000,000 PRN   DFND 2 1,000,000 0 0
DISNEY WALT CO COM 254687106 BBG001S5QHF3 119,541,796 963,969 SH   DFND 2, 4, 5 959,558 1,252 3,159
DOMINOS PIZZA INC COM 25754A201 BBG001SL3ZH1 43,598,254 96,756 SH   DFND 2, 4, 5 95,981 436 339
DONNELLEY FINL SOLUTIONS INC COM 25787G100 BBG009R0CT67 37,602,739 609,939 SH   DFND 2, 5 609,666 0 273
DROPBOX INC NOTE 3/0 26210CAD6   2,036,000 2,000,000 PRN   DFND 2 2,000,000 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 BBG0112Z58K1 504,817 4,593 SH   DFND 2, 5 0 4,292 301
DTE ENERGY CO COM 233331107 BBG001S5QN88 13,816,505 104,307 SH   DFND 2, 4, 5 95,785 0 8,522
DUOLINGO INC CL A COM 26603R106 BBG003D4V960 19,591,986 47,783 SH   DFND 4, 5 44,272 102 3,409
DUPONT DE NEMOURS INC COM 26614N102 BBG00BN961H3 210,091 3,063 SH   DFND 4 3,063 0 0
EAGLE MATLS INC COM 26969P108 BBG001S7VG92 21,475,804 106,258 SH   DFND 2, 4, 5 105,150 532 576
EASTGROUP PPTYS INC COM 277276101 BBG001S5QT03 3,324,184 19,891 SH   DFND 2, 4 19,757 134 0
EATON CORP PLC SHS G29183103 BBG001S5QZ45 33,435,326 93,659 SH   DFND 2, 4, 5 88,852 142 4,665
ELI LILLY & CO COM 532457108 BBG001S5STL8 3,585,838 4,600 SH   DFND 2, 4, 5 4,490 0 110
EMERSON ELEC CO COM 291011104 BBG001S5QVT7 2,682,466 20,119 SH   DFND 2, 4 20,119 0 0
ENBRIDGE INC COM 29250N105 BBG001S6Q6D7 2,133,258 47,071 SH   DFND 2, 4, 5 23,543 22,342 1,186
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 BBG001SDHNW4 3,745,259 206,578 SH   DFND 2, 5 0 155,998 50,580
ENTERPRISE PRODS PARTNERS L COM 293792107 BBG001S9P0Z1 2,457,729 79,256 SH   DFND 2, 5 290 70,102 8,864
EOG RES INC COM 26875P101 BBG001S5ZB93 56,161,081 469,535 SH   DFND 2, 4, 5 459,082 795 9,658
EPR PPTYS CONV PFD 9% SR E 26884U307   8,839,717 283,506 SH   DFND 2 283,506 0 0
EQT CORP COM 26884L109 BBG001S5QXJ4 2,594,424 44,486 SH   DFND 2, 4 44,252 234 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 BBG001S5T5G5 14,128,104 229,092 SH   DFND 2 227,922 1,170 0
ESSEX PPTY TR INC COM 297178105 BBG001S81418 14,907,123 52,601 SH   DFND 2, 5 52,380 0 221
EVERCORE INC CLASS A 29977A105 BBG001SC3S41 22,370,077 82,846 SH   DFND 2 82,310 536 0
EVERUS CONSTR GROUP COM 300426103 BBG01M600Y08 75,233,433 1,184,219 SH   DFND 2, 4, 5 1,183,710 0 509
EXACT SCIENCES CORP NOTE 0.375% 3/1 30063PAB1   6,108,000 6,385,000 PRN   DFND 2 6,385,000 0 0
EXPEDIA GROUP INC NOTE 2/1 30212PBE4   2,927,000 3,000,000 PRN   DFND 2 3,000,000 0 0
EXTRA SPACE STORAGE INC COM 30225T102 BBG001SLSXK5 7,376,718 50,032 SH   DFND 2 50,032 0 0
EXXON MOBIL CORP COM 30231G102 BBG001S69V32 89,525,744 830,480 SH   DFND 2, 4, 5 828,910 810 760
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101 BBG001S5RC36 21,526,159 226,615 SH   DFND 2, 4, 5 224,955 1,099 561
FEDEX CORP COM 31428X106 BBG001S5R3M5 13,629,053 59,958 SH   DFND 2, 4, 5 59,617 0 341
FIRST BANCORP N C COM 318910106 BBG001S5R1Z5 517,352 11,734 SH   DFND 4, 5 10,861 0 873
FIRST TR EXCHANGE-TRADED ALP COM SHS 33735B108 BBG001ST6943 228,207 1,987 SH   DFND 4 1,987 0 0
FIVE9 INC NOTE 1.000% 3/1 338307AF8   2,199,000 2,500,000 PRN   DFND 2 2,500,000 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 BBG009H33QN9 443,665 16,487 SH   DFND 4, 5 15,183 0 1,304
GALLAGHER ARTHUR J & CO COM 363576109 BBG001S5NKC2 75,729,188 236,565 SH   DFND 2, 4, 5 235,725 374 466
GE AEROSPACE COM NEW 369604301 BBG001S5PVD5 2,814,560 10,935 SH   DFND 2, 4 10,935 0 0
GE VERNOVA INC COM 36828A101 BBG013G17W77 3,885,548 7,343 SH   DFND 2, 5 7,327 0 16
GENERAL DYNAMICS CORP COM 369550108 BBG001S5RHP1 116,185,094 398,358 SH   DFND 2, 4, 5 392,743 452 5,163
GENESIS ENERGY L P UNIT LTD PARTN 371927104 BBG001S9CQC3 543,279 31,531 SH   DFND 2, 5 0 28,935 2,596
GENTHERM INC COM 37253A103 BBG001SF8XY5 696,924 24,635 SH   DFND 4, 5 23,049 0 1,586
GILEAD SCIENCES INC COM 375558103 BBG001S6Y1X7 37,036,345 334,052 SH   DFND 2, 4, 5 326,341 158 7,553
GLACIER BANCORP INC NEW COM 37637Q105 BBG001S6HGM5 29,094,897 675,369 SH   DFND 2, 4, 5 670,924 4,423 22
GLOBAL PMTS INC NOTE 1.500% 3/0 37940XAU6   3,152,000 3,500,000 PRN   DFND 2 3,500,000 0 0
GMS INC COM 36251C103 BBG009Q036F8 71,783,918 660,082 SH   DFND 2, 4, 5 659,719 0 363
GOLDMAN SACHS GROUP INC COM 38141G104 BBG001SC07Z6 137,847,760 194,769 SH   DFND 2, 4, 5 191,856 186 2,727
GRAIL INC COM 384747101 BBG01N6CGX05 898,565 17,475 SH   DFND 4, 5 16,501 0 974
GRANITE CONSTR INC NOTE 3.250% 6/1 387328AF4   2,743,000 2,000,000 PRN   DFND 2 2,000,000 0 0
GULFPORT ENERGY CORP COMMON SHARES 402635502 BBG0112Z8766 620,609 3,085 SH   DFND 2, 4, 5 2,246 726 113
HALLIBURTON CO COM 406216101 BBG001S5RS59 255,687 12,546 SH   DFND 2 12,546 0 0
HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 40637HAF6   2,578,000 2,250,000 PRN   DFND 2 2,250,000 0 0
HAWKINS INC COM 420261109 BBG001S5S282 54,652,228 384,604 SH   DFND 2, 4, 5 384,359 0 245
HAYWARD HLDGS INC COM 421298100 BBG00Z9CCSB9 204,268 14,802 SH   DFND 4, 5 13,697 0 1,105
HCA HEALTHCARE INC COM 40412C101 BBG001T8NTY2 6,530,706 17,047 SH   DFND 2 17,047 0 0
HEALTHPEAK PROPERTIES INC COM 42250P103 BBG001S5RTS2 714,653 40,814 SH   DFND 2, 4, 5 38,775 0 2,039
HENRY SCHEIN INC COM 806407102 BBG001S6S7F1 20,630,781 282,420 SH   DFND 2, 5 282,390 0 30
HERSHEY CO COM 427866108 BBG001S5S148 67,891,307 409,107 SH   DFND 2, 4, 5 408,436 401 270
HESS MIDSTREAM LP CL A SHS 428103105 BBG00R02H8F3 419,066 10,882 SH   DFND 2, 5 0 10,604 278
HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV 42824C208   11,490,432 195,150 SH   DFND 2 195,150 0 0
HILLTOP HOLDINGS INC COM 432748101 BBG001SH9HH4 393,306 12,959 SH   DFND 4 12,959 0 0
HOME DEPOT INC COM 437076102 BBG001S5RTW7 29,415,894 80,231 SH   DFND 2, 4, 5 75,100 0 5,131
HONEYWELL INTL INC COM 438516106 BBG001S5X1N1 41,172,718 176,798 SH   DFND 2, 4, 5 170,028 0 6,770
HUBBELL INC COM 443510607 BBG001S5S1L9 120,352,301 294,685 SH   DFND 2, 4, 5 293,531 771 383
IDACORP INC COM 451107106 BBG001S5S4M2 37,121,447 321,537 SH   DFND 2, 4 318,919 1,658 960
ILLUMINA INC COM 452327109 BBG001SF4NY1 1,252,542 13,128 SH   DFND 2, 4, 5 12,380 0 748
INFINITY NAT RES INC COM CL A 456941103 BBG01Q5ST2P1 238,671 13,035 SH   DFND 4, 5 12,025 0 1,010
INNOSPEC INC COM 45768S105 BBG001S8RTD2 34,671,148 412,310 SH   DFND 2, 5 412,181 0 129
INTEGER HLDGS CORP COM 45826H109 BBG001SFBS27 28,925,126 235,221 SH   DFND 2, 4, 5 232,973 1,778 470
INTEGER HLDGS CORP NOTE 2.125% 2/1 45826HAB5   7,434,000 4,915,000 PRN   DFND 2 4,915,000 0 0
INTEL CORP COM 458140100 BBG001S5SF65 16,328,010 728,929 SH   DFND 2, 4, 5 693,894 859 34,176
INTERCONTINENTAL EXCHANGE IN COM 45866F104 BBG001SDJ4R0 98,725,390 538,101 SH   DFND 2, 4, 5 536,911 802 388
INTERNATIONAL BUSINESS MACHS COM 459200101 BBG001S5S399 22,217,569 75,370 SH   DFND 2, 4, 5 74,863 0 507
INTERPARFUMS INC COM 458334109 BBG001SD06N9 101,842,723 775,590 SH   DFND 2, 4, 5 773,914 1,405 271
INTL GNRL INSURANCE HLDNGS L SHS G4809J106 BBG00QX7WLD4 3,170,424 131,991 SH   DFND 2, 4 131,267 724 0
INVESCO QQQ TR UNIT SER 1 46090E103 BBG001S9GN63 19,652,175 35,625 SH   DFND 2, 4, 5, 6 30,713 0 4,912
IONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 462222AF7   2,107,000 2,000,000 PRN   DFND 2 2,000,000 0 0
ISHARES INC CORE MSCI EMKT 46434G103 BBG003HC3DG9 828,894 13,808 SH   DFND 4 13,808 0 0
ISHARES TR 20 YR TR BD ETF 464287432 BBG001S8MLN3 23,645,705 267,940 SH   DFND 4, 5 262,361 0 5,579
ISHARES TR CORE S&P MCP ETF 464287507 BBG001SFC7V0 41,498,016 669,107 SH   DFND 2, 4, 5 644,963 0 24,144
ISHARES TR CORE S&P SCP ETF 464287804 BBG001SFC7W9 526,996 4,822 SH   DFND 4, 5 3,409 0 1,413
ISHARES TR CORE S&P US GWT 464287671 BBG001SFQL99 5,778,518 38,421 SH   DFND 4, 5 38,315 0 106
ISHARES TR CORE S&P500 ETF 464287200 BBG001SFB7R6 44,668,788 71,942 SH   DFND 4, 5 68,837 0 3,105
ISHARES TR CORE US AGGBD ET 464287226 BBG001SM1QT8 13,077,040 131,825 SH   DFND 4, 5 123,840 0 7,985
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 399,379 4,952 SH   DFND 2, 5 611 0 4,341
ISHARES TR IBOXX INV CP ETF 464287242 BBG001S60QR6 3,383,222 30,866 SH   DFND 2, 4, 5 13,130 0 17,736
ISHARES TR MBS ETF 464288588 BBG001SSD8B1 557,988 5,943 SH   DFND 2, 4, 5 3,605 0 2,338
ISHARES TR MSCI EAFE ETF 464287465 BBG001SG09V7 292,305 3,270 SH   DFND 4 3,270 0 0
ISHARES TR MSCI EAFE MIN VL 46429B689 BBG0025X2WP7 228,979 2,724 SH   DFND 4 2,724 0 0
ISHARES TR MSCI USA MIN VOL 46429B697 BBG0025X2G81 269,876 2,875 SH   DFND 4 2,875 0 0
ISHARES TR PFD AND INCM SEC 464288687 BBG001SNVWC8 1,179,462 38,444 SH   DFND 2, 4, 5 15,395 0 23,049
ISHARES TR RUS 1000 GRW ETF 464287614 BBG001S56320 1,778,990 4,190 SH   DFND 4 3,979 0 211
ISHARES TR RUS 1000 VAL ETF 464287598 BBG001S562P7 15,321,251 78,882 SH   DFND 4, 5 68,441 0 10,441
ISHARES TR RUSSELL 2000 ETF 464287655 BBG001SFC7Y7 1,196,340 5,544 SH   DFND 4 5,544 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 BBG001S561Q8 394,819 3,586 SH   DFND 4 3,586 0 0
ISHARES TR S&P MC 400GR ETF 464287606 BBG001SFQL08 272,303 2,993 SH   DFND 5 0 0 2,993
ISHARES TR S&P MC 400VL ETF 464287705 BBG001SFQJM9 218,737 1,770 SH   DFND 5 0 0 1,770
ITRON INC NOTE 1.375% 7/1 465741AQ9   3,595,000 3,000,000 PRN   DFND 2 3,000,000 0 0
J & J SNACK FOODS CORP COM 466032109 BBG001S5SH98 35,214,826 310,509 SH   DFND 2, 5 310,374 0 135
J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA 46641Q225 BBG00LN4CWM1 209,739 2,599 SH   DFND 4 2,599 0 0
J P MORGAN EXCHANGE TRADED F BETABULDRS JAPAN 46641Q217 BBG00L52MHJ1 219,875 3,559 SH   DFND 4 3,559 0 0
J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 46654Q203 BBG016NKZFF7 17,430,739 320,418 SH   DFND 2, 5 318,260 0 2,158
JACOBS SOLUTIONS INC COM 46982L108 BBG019C1BQS3 18,197,281 138,435 SH   DFND 2, 4, 5 131,496 248 6,691
JD.COM INC NOTE 0.250% 6/0 47215PAJ5   2,614,000 2,500,000 PRN   DFND 2 2,500,000 0 0
JOHNSON & JOHNSON COM 478160104 BBG001S5SHQ9 110,935,757 726,257 SH   DFND 2, 4, 5 712,686 867 12,704
JPMORGAN CHASE & CO. COM 46625H100 BBG001S8CRC3 196,055,696 676,264 SH   DFND 2, 4, 5 664,515 926 10,823
KIMBELL RTY PARTNERS LP UNIT 49435R102 BBG00FQH6N85 139,600 10,000 SH   DFND 5 0 0 10,000
KINDER MORGAN INC DEL COM 49456B101 BBG001TG2YZ5 1,920,584 65,326 SH   DFND 2, 5 0 61,425 3,901
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207 BBG001SD5VL1 23,380,515 503,348 SH   DFND 2, 4, 5 498,904 3,645 799
L3HARRIS TECHNOLOGIES INC COM 502431109 BBG001S5S0N9 1,125,017 4,485 SH   DFND 4, 5 4,323 0 162
LAMAR ADVERTISING CO NEW CL A 512816109 BBG001S8KJC2 3,640,800 30,000 SH   DFND 2 30,000 0 0
LANTHEUS HLDGS INC NOTE 2.625%12/1 516544AB9   3,181,000 2,500,000 PRN   DFND 2 2,500,000 0 0
LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 531229AQ5   2,025,000 1,500,000 PRN   DFND 2 1,500,000 0 0
LINDE PLC SHS G54950103 BBG01FND0CH6 298,868 637 SH   DFND 4, 5 615 0 22
LITHIA MTRS INC COM 536797103 BBG001SC88P7 28,575,180 84,587 SH   DFND 2, 4 84,094 493 0
LITTELFUSE INC COM 537008104 BBG001S744B6 35,259,236 155,512 SH   DFND 2, 4, 5 154,167 669 676
LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 538034BA6   3,099,000 2,000,000 PRN   DFND 2 2,000,000 0 0
LOWES COS INC COM 548661107 BBG001S5SVL3 16,907,825 76,206 SH   DFND 2, 5 75,017 0 1,189
LUMENTUM HLDGS INC NOTE 1.500%12/1 55024UAH2   3,077,000 2,000,000 PRN   DFND 2 2,000,000 0 0
MANULIFE FINL CORP COM 56501R106 BBG001S76KD6 298,602 9,343 SH   DFND 4 9,343 0 0
MARATHON PETE CORP COM 56585A102 BBG001S169P1 702,479 4,229 SH   DFND 2, 5 4,144 0 85
MAREX GROUP PLC ORD G5S37H101 BBG001VHP5C3 21,064,981 533,696 SH   DFND 2 530,637 3,059 0
MARKETAXESS HLDGS INC COM 57060D108 BBG001S8R6K4 18,647,773 83,495 SH   DFND 2, 5 82,858 631 6
MARTIN MARIETTA MATLS INC COM 573284106 BBG001S7QC51 21,810,730 39,731 SH   DFND 2, 4, 5 37,517 0 2,214
MARVELL TECHNOLOGY INC COM 573874104 BBG00ZXBJ162 80,028,968 1,033,966 SH   DFND 2, 4, 5 1,032,043 1,400 523
MASTERCARD INCORPORATED CL A 57636Q104 BBG001SKNNS6 651,850 1,160 SH   DFND 4, 5 987 0 173
MCCORMICK & CO INC COM NON VTG 579780206 BBG001S79S19 6,106,088 80,534 SH   DFND 2, 5 80,521 0 13
MCDONALDS CORP COM 580135101 BBG001S5T110 679,880 2,327 SH   DFND 2, 4, 5 2,227 0 100
MCKESSON CORP COM 58155Q103 BBG001S8F8P8 39,342,958 53,690 SH   DFND 2, 4, 5 53,545 104 41
MEDTRONIC PLC SHS G5960L103 BBG001S5T2S9 11,694,814 134,161 SH   DFND 2, 4, 5 132,958 0 1,203
MERCK & CO INC COM 58933Y105 BBG001S5TC52 2,324,058 29,359 SH   DFND 2, 4, 5 28,873 0 486
MERCURY GENL CORP NEW COM 589400100 BBG001S98VJ0 37,755,518 560,670 SH   DFND 2, 4 558,663 2,007 0
MERIT MED SYS INC COM 589889104 BBG001S6KLT3 71,883,316 768,970 SH   DFND 2, 4, 5 768,167 0 803
MERITAGE HOMES CORP NOTE 1.750% 5/1 59001ABF8   5,993,000 6,140,000 PRN   DFND 2 6,140,000 0 0
META PLATFORMS INC CL A 30303M102 BBG001SQCQC5 2,891,099 3,917 SH   DFND 2, 4, 5 3,734 17 166
METHANEX CORP COM 59151K108 BBG001S66Y93 566,507 17,115 SH   DFND 4 17,115 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104 BBG001S787B5 6,716,254 95,442 SH   DFND 2, 4, 5 95,128 0 314
MICRON TECHNOLOGY INC COM 595112103 BBG001S6P675 12,929,418 104,904 SH   DFND 2, 5 104,508 0 396
MICROSOFT CORP COM 594918104 BBG001S5TD05 221,572,777 445,453 SH   DFND 2, 4, 5 433,304 364 11,785
MICROSTRATEGY INC CL A NEW 594972408 BBG001SC7PX1 302,768 749 SH   DFND 4 749 0 0
MKS INC. NOTE 1.250% 6/0 55306NAB0   2,178,000 2,200,000 PRN   DFND 2 2,200,000 0 0
MODINE MFG CO COM 607828100 BBG001S5T913 21,517,719 218,454 SH   DFND 2 217,031 1,423 0
MONDELEZ INTL INC CL A 609207105 BBG001SHHZJ3 2,476,127 36,716 SH   DFND 2, 4, 5 35,962 0 754
MONOLITHIC PWR SYS INC COM 609839105 BBG001SDRGP6 7,721,910 10,558 SH   DFND 2, 5 10,453 0 105
MOOG INC CL A 615394202 BBG001S5T922 87,797,596 485,150 SH   DFND 2, 4, 5 484,440 494 216
MORGAN STANLEY COM NEW 617446448 BBG001S9V5Z3 252,562 1,793 SH   DFND 2, 4, 5 1,771 0 22
MOTOROLA SOLUTIONS INC COM NEW 620076307 BBG001S5T9L1 21,094,899 50,171 SH   DFND 2, 4, 5 47,308 0 2,863
MP MATERIALS CORP COM CL A 553368101 BBG00TJGL0T5 748,741 22,505 SH   DFND 4, 5 21,201 0 1,304
MPLX LP COM UNIT REP LTD 55336V100 BBG0035TJHL3 1,470,920 28,556 SH   DFND 2, 5 0 27,636 920
MSA SAFETY INC COM 553498106 BBG001S5TCN2 27,987,729 167,061 SH   DFND 2, 4, 5 165,992 1,062 7
NATIONAL BK HLDGS CORP CL A 633707104 BBG003D8Y8V2 59,084,595 1,570,981 SH   DFND 2, 4, 5 1,570,376 0 605
NETFLIX INC COM 64110L106 BBG001SF6L46 1,069,965 799 SH   DFND 2, 4, 5 694 0 105
NEXTDECADE CORP COM 65342K105 BBG008GC7WN5 11,189,837 1,255,874 SH   DFND 2 1,255,874 0 0
NEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 65339KCY4   6,984,000 6,100,000 PRN   DFND 2 6,100,000 0 0
NEXTERA ENERGY INC COM 65339F101 BBG001S5RB29 72,602,213 1,045,840 SH   DFND 2, 4, 5 1,042,344 1,254 2,242
NNN REIT INC COM 637417106 BBG001S6Z1P5 8,818,910 204,236 SH   DFND 2, 5 203,161 0 1,075
NORTHERN OIL & GAS INC COM 665531307 BBG001SK2P31 68,787,675 2,426,373 SH   DFND 2, 4, 5 2,425,574 0 799
NORTHERN OIL & GAS INC NOTE 3.625% 4/1 665531AJ8   6,882,000 6,515,000 PRN   DFND 2 6,515,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 BBG001S5TP26 304,488 609 SH   DFND 4 609 0 0
NORTHWESTERN ENERGY GROUP IN COM NEW 668074305 BBG001SM2G73 57,386,745 1,118,650 SH   DFND 2, 4, 5 1,118,170 0 480
NVIDIA CORPORATION COM 67066G104 BBG001S5TZJ6 57,687,837 365,136 SH   DFND 2, 4, 5 333,927 412 30,797
OCCIDENTAL PETE CORP COM 674599105 BBG001S5TZG9 478,830 11,398 SH   DFND 2 11,398 0 0
ONEOK INC NEW COM 682680103 BBG001S5TWK1 3,714,900 45,509 SH   DFND 2, 4, 5 22,617 21,706 1,186
OPEN LENDING CORP COM 68373J104 BBG00VDHLTH4 19,400 10,000 SH   DFND 4 10,000 0 0
ORACLE CORP COM 68389X105 BBG001S5SJG6 3,425,932 15,670 SH   DFND 2, 4, 5 14,478 0 1,192
OREILLY AUTOMOTIVE INC COM 67103H107 BBG001S78TL6 73,560,140 816,156 SH   DFND 2, 4, 5 813,874 1,622 660
PALO ALTO NETWORKS INC COM 697435105 BBG001T9NWN5 1,085,411 5,304 SH   DFND 4, 5 4,466 0 838
PAYSIGN INC COM 70451A104 BBG001S9Q7Q5 86,004 11,945 SH   DFND 5 0 0 11,945
PEBBLEBROOK HOTEL TR 6.3 CUM PFD SR F 70509V704   4,248,258 242,066 SH   DFND 2 242,066 0 0
PEBBLEBROOK HOTEL TR 6.375 PFD SER E 70509V605   1,720,915 98,002 SH   DFND 2 98,002 0 0
PEGASYSTEMS INC COM 705573103 BBG001S93CK5 19,702,670 363,988 SH   DFND 2, 5 361,494 2,458 36
PEMBINA PIPELINE CORP COM 706327103 BBG001SB0CJ5 832,234 22,187 SH   DFND 2, 5 0 21,075 1,112
PEPSICO INC COM 713448108 BBG001S695T1 34,191,626 258,949 SH   DFND 2, 4, 5 257,060 349 1,540
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 BBG00XWZGGJ1 28,019,098 1,442,796 SH   DFND 2 1,442,796 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105 BBG00D61Y2G3 23,005,842 1,689,122 SH   DFND 2, 4, 5 1,678,218 10,855 49
PHILIP MORRIS INTL INC COM 718172109 BBG001STP9N1 12,333,297 67,717 SH   DFND 2, 4, 5 67,217 100 400
PHILLIPS 66 COM 718546104 BBG00286S4P7 971,102 8,140 SH   DFND 2, 4 8,140 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 BBG001SF5953 20,932,190 189,586 SH   DFND 2, 4, 5 187,738 1,225 623
PIPER SANDLER COMPANIES COM 724078100 BBG001SGY6K8 95,558,273 343,809 SH   DFND 2, 4, 5 342,838 425 546
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 BBG001S985K5 823,264 44,938 SH   DFND 2, 5 0 43,480 1,458
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 BBG001SZV282 307,538 15,828 SH   DFND 2, 5 0 14,833 995
PLYMOUTH INDL REIT INC COM 729640102 BBG0021H6YT4 72,674,407 4,525,181 SH   DFND 2, 4, 5 4,523,769 0 1,412
POOL CORP COM 73278L105 BBG001S5VBK4 1,662,602 5,704 SH   DFND 2 5,664 40 0
POST HLDGS INC NOTE 2.500% 8/1 737446AT1   2,300,000 2,000,000 PRN   DFND 2 2,000,000 0 0
POTLATCHDELTIC CORPORATION COM 737630103 BBG001S5V215 107,131,918 2,792,075 SH   DFND 2, 4, 5 2,785,667 4,496 1,912
PPL CAP FDG INC NOTE 2.875% 3/1 69352PAS2   1,632,000 1,500,000 PRN   DFND 2 1,500,000 0 0
PRESTIGE CONSMR HEALTHCARE I COM 74112D101 BBG001SH44F0 70,420,354 881,908 SH   DFND 2, 4, 5 881,415 0 493
PROCTER AND GAMBLE CO COM 742718109 BBG001S5V4L9 1,258,309 7,898 SH   DFND 2, 4, 5 7,562 0 336
PROGRESSIVE CORP COM 743315103 BBG001S5V509 83,990,983 314,738 SH   DFND 2, 4, 5 313,911 567 260
PROLOGIS INC. COM 74340W103 BBG001S5NMN6 73,237,630 696,705 SH   DFND 2, 4, 5 694,958 827 920
PROSPECT CAP CORP COM 74348T102 BBG001SM4WF7 296,522 93,246 SH   DFND 4 93,246 0 0
PROSPERITY BANCSHARES INC COM 743606105 BBG001S7SL77 322,121 4,586 SH   DFND 4 4,586 0 0
PUBLIC STORAGE OPER CO COM 74460D109 BBG001S5TH79 30,824,358 105,052 SH   DFND 2, 4, 5 100,579 0 4,473
QUALCOMM INC COM 747525103 BBG001S6VS70 478,258 3,003 SH   DFND 4, 5 2,503 0 500
QUANTA SVCS INC COM 74762E102 BBG001S5VH85 2,834,088 7,496 SH   DFND 2 7,496 0 0
RAMBUS INC DEL COM 750917106 BBG001S7RF80 111,206,709 1,737,062 SH   DFND 2, 4, 5 1,731,240 3,534 2,288
RAPID7 INC NOTE 1.250% 3/1 753422AH7   891,000 1,000,000 PRN   DFND 2 1,000,000 0 0
REDWOOD TRUST INC NOTE 7.750% 6/1 758075AF2   1,001,000 1,000,000 PRN   DFND 2 1,000,000 0 0
REGENCY CTRS CORP COM 758849103 BBG001S7H752 581,522 8,164 SH   DFND 2 8,164 0 0
REGENERON PHARMACEUTICALS COM 75886F107 BBG001S6PX49 7,116,900 13,556 SH   DFND 2, 4, 5 12,467 0 1,089
RENAISSANCERE HLDGS LTD COM G7496G103 BBG001S6T1Z1 19,132,990 78,769 SH   DFND 2 78,165 604 0
RENASANT CORP COM 75970E107 BBG001S5V5B7 74,372,226 2,069,920 SH   DFND 2, 4, 5 2,068,855 0 1,065
REVVITY INC COM 714046109 BBG001SBKS35 5,602,699 57,927 SH   DFND 2 57,927 0 0
REXFORD INDL RLTY INC COM 76169C100 BBG004MB82S9 23,119,291 649,966 SH   DFND 2 647,107 2,859 0
RIOT PLATFORMS INC COM 767292105 BBG001SDW128 317,519 28,099 SH   DFND 4 28,099 0 0
RIVIAN AUTOMOTIVE INC COM CL A 76954A103 BBG00741Y1P0 861,100 62,671 SH   DFND 4, 5 57,835 0 4,836
RLJ LODGING TR CUM CONV PFD A 74965L200   8,872,500 375,000 SH   DFND 2 375,000 0 0
ROBINHOOD MKTS INC COM CL A 770700102 BBG008NMBXP6 1,161,574 12,406 SH   DFND 2, 4, 5 11,734 0 672
ROBLOX CORP CL A 771049103 BBG001V1Y6Z1 707,260 6,723 SH   DFND 4, 5 6,361 0 362
ROCKWELL AUTOMATION INC COM 773903109 BBG001S5VRF5 1,187,508 3,575 SH   DFND 4, 5 3,337 0 238
ROYAL BK CDA COM 780087102 BBG001S60869 372,155 2,829 SH   DFND 4 2,829 0 0
ROYAL GOLD INC COM 780287108 BBG001S5VNX4 13,910,467 78,219 SH   DFND 2 77,748 471 0
S&P GLOBAL INC COM 78409V104 BBG001S5T5M8 656,476 1,245 SH   DFND 4, 5 1,234 0 11
SABINE RTY TR UNIT BEN INT 785688102 BBG001S5VWY3 355,071 5,325 SH   DFND 5 0 0 5,325
SALESFORCE INC COM 79466L302 BBG001SDLP09 88,613,342 324,960 SH   DFND 2, 4, 5 318,503 579 5,878
SCHLUMBERGER LTD COM STK 806857108 BBG001S5W4C8 697,193 20,627 SH   DFND 2, 5 19,186 0 1,441
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 BBG0025RWLM4 428,320 16,163 SH   DFND 5 0 0 16,163
SEACOAST BKG CORP FLA COM NEW 811707801 BBG001SD9X60 77,340,336 2,800,157 SH   DFND 2, 4, 5 2,798,880 0 1,277
SELECT SECTOR SPDR TR INDL 81369Y704 BBG001S7T232 11,068,131 75,028 SH   DFND 2, 6 72,205 1,038 1,785
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 BBG001S7T107 5,769,113 71,250 SH   DFND 2, 5, 6 67,823 980 2,447
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 BBG001S7SCQ6 5,094,388 37,795 SH   DFND 2, 5, 6 36,249 562 984
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 BBG001S7TD56 13,374,765 163,786 SH   DFND 2, 6 158,081 2,284 3,421
SENSIENT TECHNOLOGIES CORP COM 81725T100 BBG001SF0100 91,280,356 926,516 SH   DFND 2, 4, 5 925,097 1,068 351
SERVICENOW INC COM 81762P102 BBG001T4JFC0 377,305 367 SH   DFND 4, 5 351 0 16
SHERWIN WILLIAMS CO COM 824348106 BBG001S5W2F9 5,826,819 16,970 SH   DFND 2, 5 16,964 0 6
SHIFT4 PMTS INC NOTE 0.500% 8/0 82452JAD1   3,005,000 2,800,000 PRN   DFND 2 2,800,000 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 BBG001S5W0T8 70,857,577 3,737,214 SH   DFND 2, 4, 5 3,735,643 0 1,571
SITIO ROYALTIES CORP CLASS A COM 82983N108 BBG01C36Y873 20,403,693 1,110,103 SH   DFND 2, 5 1,099,415 0 10,688
SM ENERGY CO COM 78454L100 BBG001S6W0J7 92,201,659 3,731,350 SH   DFND 2, 4, 5 3,725,581 2,556 3,213
SMUCKER J M CO COM NEW 832696405 BBG001S5W3H5 5,147,251 52,416 SH   DFND 2 52,416 0 0
SMURFIT WESTROCK PLC SHS G8267P108 BBG01NJC0037 1,322,634 30,652 SH   DFND 4, 5 29,584 0 1,068
SNAP INC NOTE 0.500% 5/0 83304AAK2   2,126,000 2,500,000 PRN   DFND 2 2,500,000 0 0
SNOWFLAKE INC CL A 833445109 BBG007DHGNK2 1,018,825 4,553 SH   DFND 4, 5 4,307 0 246
SOLARIS ENERGY INFRAS INC COM CL A 83418M103 BBG00G7D6CQ7 206,574 7,302 SH   DFND 2, 5 0 6,874 428
SONIC AUTOMOTIVE INC CL A 83545G102 BBG001S5VVK0 39,415,481 493,125 SH   DFND 2, 4, 5 492,844 0 281
SOUTH PLAINS FINANCIAL INC COM 83946P107 BBG001SN2YN4 270,552 7,507 SH   DFND 4 7,507 0 0
SOUTHERN CO COM 842587107 BBG001S5W777 68,893,529 750,229 SH   DFND 2, 4, 5 748,065 1,357 807
SOUTHSTATE CORPORATION COM 840441109 BBG001S9J7Z3 112,065,207 1,217,703 SH   DFND 2, 4, 5 1,214,585 2,594 524
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 35,147,633 56,887 SH   DFND 2, 4, 5, 6 55,338 507 1,042
SPDR SERIES TRUST BLOOMBERG 1-3 MO 78468R663 BBG001STKCW9 38,871,963 423,765 SH   DFND 2, 5 362,509 22,460 38,796
STEPAN CO COM 858586100 BBG001S5VXQ0 72,965,546 1,336,855 SH   DFND 2, 4, 5 1,336,516 0 339
STERIS PLC SHS USD G8473T100 BBG00MRHG532 5,536,110 23,046 SH   DFND 2 23,046 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 BBG001SLH608 558,163 36,940 SH   DFND 2 36,940 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 BBG00358K8T9 1,555,718 29,030 SH   DFND 2, 5 20,803 1,717 6,510
SUNSTONE HOTEL INVS INC NEW COM 867892101 BBG001SM4XW6 34,382,990 3,961,174 SH   DFND 2, 4, 5 3,959,777 0 1,397
SUPER MICRO COMPUTER INC COM NEW 86800U302 BBG001SQGH95 323,662 6,604 SH   DFND 5 0 0 6,604
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 BBG001S5WWW4 27,901,303 123,190 SH   DFND 2, 4, 5 114,638 0 8,552
TAPESTRY INC COM 876030107 BBG001SFH7D5 755,342 8,602 SH   DFND 2, 4, 5 4,496 0 4,106
TARGA RES CORP COM 87612G101 BBG001TC94B9 8,859,105 50,891 SH   DFND 2, 4, 5 38,592 11,934 365
TARGET CORP COM 87612E106 BBG001SC0K41 1,128,260 11,437 SH   DFND 2, 5 10,683 0 754
TC ENERGY CORP COM 87807B107 BBG001S5WW27 251,854 5,162 SH   DFND 2 0 5,162 0
TECHNIPFMC PLC COM G87110105 BBG00DL8NMT5 206,640 6,000 SH   DFND 4 6,000 0 0
TELEFLEX INCORPORATED COM 879369106 BBG001S5WNP2 14,384,764 121,534 SH   DFND 2, 4, 5 120,808 711 15
TESLA INC COM 88160R101 BBG001SQKGD7 1,457,424 4,588 SH   DFND 2, 4, 5 3,658 0 930
TETRA TECH INC NEW DBCV 2.250% 8/1 88162GAB9   1,703,000 1,500,000 PRN   DFND 2 1,500,000 0 0
TEXAS INSTRS INC COM 882508104 BBG001S5WYZ7 118,975,188 573,043 SH   DFND 2, 4, 5 563,955 543 8,545
TEXAS PACIFIC LAND CORPORATI COM 88262P102 BBG00YRJXKC0 228,180 216 SH   DFND 2 216 0 0
TEXAS ROADHOUSE INC COM 882681109 BBG001SLR3C1 454,282 2,424 SH   DFND 2, 4, 5 1,019 781 624
THE BALDWIN INSURANCE GRP IN COM CL A 05589G102 BBG00QDCHF45 82,217,889 1,920,530 SH   DFND 2, 4, 5 1,918,759 620 1,151
THERMO FISHER SCIENTIFIC INC COM 883556102 BBG001S5WS08 860,792 2,123 SH   DFND 4, 5 1,327 0 796
THOMSON REUTERS CORP COM 884903808 BBG001S5WSW3 581,065 2,889 SH   DFND 4 2,889 0 0
TIMKEN CO COM 887389104 BBG001S5WQK0 21,982,432 302,997 SH   DFND 2, 4, 5 300,894 1,859 244
TJX COS INC NEW COM 872540109 BBG001S5WQ93 23,438,032 189,797 SH   DFND 2, 4, 5 178,580 342 10,875
T-MOBILE US INC COM 872590104 BBG001SKR9Y6 97,521,248 409,306 SH   DFND 2, 4, 5 401,345 605 7,356
TOPBUILD CORP COM 89055F103 BBG0077VS2G6 97,904,156 302,416 SH   DFND 2, 4, 5 301,569 679 168
TPG INC COM CL A 872657101 BBG0145FSQD9 1,549,635 29,545 SH   DFND 4 29,545 0 0
TRANE TECHNOLOGIES PLC SHS G8994E103 BBG001S5SBV6 231,390 529 SH   DFND 4 529 0 0
TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3   2,221,000 2,000,000 PRN   DFND 2 2,000,000 0 0
TRUIST FINL CORP COM 89832Q109 BBG001S5YYC0 513,516 11,945 SH   DFND 2 11,945 0 0
TXNM ENERGY INC COM 69349H107 BBG001S5V9J1 55,559,962 986,505 SH   DFND 2, 4, 5 983,112 2,958 435
TYLER TECHNOLOGIES INC COM 902252105 BBG001S5WZB0 6,456,028 10,890 SH   DFND 2 10,890 0 0
TYSON FOODS INC CL A 902494103 BBG001S871D5 16,457,436 294,198 SH   DFND 2, 4, 5 286,686 287 7,225
UBER TECHNOLOGIES INC COM 90353T100 BBG002B04MW4 737,723 7,907 SH   DFND 4, 5 7,449 0 458
ULTIMUS MANAGERS TR WESTWOOD SALIENT 90386K589 BBG01M82KS30 43,337,038 1,599,743 SH   DFND 2, 4, 5 1,596,043 0 3,700
ULTIMUS MANAGERS TR WESTWOOD SALIENT 90386K571 BBG01ML4NJV7 10,960,872 531,050 SH   DFND 2, 4, 5 529,309 0 1,741
UNION PAC CORP COM 907818108 BBG001S5X2M0 132,249,524 574,798 SH   DFND 2, 4, 5 568,537 647 5,614
UNITEDHEALTH GROUP INC COM 91324P102 BBG001S6WCJ1 242,713 778 SH   DFND 2, 4, 5 738 0 40
URBAN EDGE PPTYS COM 91704F104 BBG006BFYQP8 73,583,919 3,943,404 SH   DFND 2, 4, 5 3,941,523 0 1,881
VALERO ENERGY CORP COM 91913Y100 BBG001S5X8K9 598,303 4,451 SH   DFND 2 4,451 0 0
VANGUARD BD INDEX FDS INTERMED TERM 921937819 BBG001ST39R1 2,156,085 27,878 SH   DFND 2, 4, 5 11,831 0 16,047
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 BBG001SK7DK4 260,356 3,536 SH   DFND 4 3,536 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 BBG001SHTTS4 11,969,635 27,303 SH   DFND 4, 5 24,363 0 2,940
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 BBG001TC6MC1 1,118,451 1,969 SH   DFND 4, 5 1,948 0 21
VANGUARD INDEX FDS SMALL CP ETF 922908751 BBG001SHTTV0 6,612,453 27,903 SH   DFND 4, 5 27,761 0 142
VANGUARD INDEX FDS TOTAL STK MKT 922908769 BBG001SHTB03 228,859 753 SH   DFND 5 85 0 668
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL 92206C714 BBG001TCH581 7,857,470 92,213 SH   DFND 4, 5 87,179 0 5,034
VANGUARD SCOTTSDALE FDS VNG RUS2000GRW 92206C623 BBG001TCH7Y8 31,300,311 150,143 SH   DFND 4, 5 144,899 0 5,244
VANGUARD STAR FDS VG TL INTL STK F 921909768 BBG001TJR1D8 497,586 7,202 SH   DFND 4 7,202 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 BBG001SSPWL4 225,478,313 3,955,066 SH   DFND 4, 5 3,855,626 0 99,440
VANGUARD WORLD FD INF TECH ETF 92204A702 BBG001SHTTR5 383,376 578 SH   DFND 4 578 0 0
VANGUARD WORLD FD MEGA CAP VAL ETF 921910840 BBG001T0Y6L1 4,782,240 36,450 SH   DFND 4 36,450 0 0
VEECO INSTRS INC DEL COM 922417100 BBG001S5X6T4 285,049 14,028 SH   DFND 4, 5 13,015 0 1,013
VEECO INSTRS INC DEL NOTE 2.875% 6/0 922417AJ9   2,131,000 2,000,000 PRN   DFND 2 2,000,000 0 0
VENTAS INC COM 92276F100 BBG001S9T7M6 16,727,551 264,886 SH   DFND 2, 4, 5 263,287 341 1,258
VERALTO CORP COM SHS 92338C103 BBG019Q32XK7 69,838,926 691,817 SH   DFND 2, 4, 5 690,223 913 681
VERIZON COMMUNICATIONS INC COM 92343V104 BBG001S67QY1 2,369,119 54,752 SH   DFND 2, 4, 5 54,392 0 360
VERRA MOBILITY CORP CL A COM STK 92511U102 BBG00G4XQBP7 115,296,625 4,541,025 SH   DFND 2, 4, 5 4,531,170 8,430 1,425
VERTEX PHARMACEUTICALS INC COM 92532F100 BBG001S68LJ8 68,657,408 154,217 SH   DFND 2, 4, 5 153,914 202 101
VERTIV HOLDINGS CO COM CL A 92537N108 BBG00L2B8LM7 723,719 5,636 SH   DFND 4, 5 5,306 0 330
VERVE THERAPEUTICS INC COM 92539P101 BBG00P33TD13 293,069 26,097 SH   DFND 4 26,097 0 0
VICI PPTYS INC COM 925652109 BBG00HVVB4B6 5,159,406 158,264 SH   DFND 2 158,264 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 90,369,811 254,527 SH   DFND 2, 4, 5 253,569 426 532
VISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 928298AR9   1,362,000 1,500,000 PRN   DFND 2 1,500,000 0 0
VISTRA CORP COM 92840M102 BBG00DXDL6R0 4,506,858 23,254 SH   DFND 2 23,254 0 0
VITAL ENERGY INC COM 516806205 BBG001T24DQ0 27,726,385 1,723,206 SH   DFND 2, 5 1,722,454 0 752
WALMART INC COM 931142103 BBG001S5XH92 83,080,537 849,668 SH   DFND 2, 4, 5 845,333 1,068 3,267
WASTE MGMT INC DEL COM 94106L109 BBG001S5XH47 68,783,292 300,600 SH   DFND 2, 4, 5 299,839 502 259
WEC ENERGY GROUP INC COM 92939U106 BBG001S5XDC7 102,910,317 987,623 SH   DFND 2, 4, 5 973,948 1,275 12,400
WELLS FARGO CO NEW COM 949746101 BBG001S5XF23 97,520,622 1,217,182 SH   DFND 2, 4, 5 1,212,471 1,949 2,762
WELLTOWER INC COM 95040Q104 BBG001S5RTQ4 4,803,755 31,248 SH   DFND 2, 5 31,195 0 53
WESTERN ALLIANCE BANCORP COM 957638109 BBG001SLM522 18,889,641 242,237 SH   DFND 2, 4, 5 225,332 469 16,436
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 BBG003M3V2V9 1,052,485 27,196 SH   DFND 2, 5 0 25,933 1,263
WEYERHAEUSER CO MTN BE COM NEW 962166104 BBG001S5XL11 5,825,490 226,761 SH   DFND 2, 5 226,726 0 35
WILLIAMS COS INC COM 969457100 BBG001S5XH10 258,162,039 4,110,206 SH   DFND 2, 4, 5 4,013,855 36,334 60,017
WILLIAMS SONOMA INC COM 969904101 BBG001SBW7S1 2,068,591 12,662 SH   DFND 2, 4 12,662 0 0
WINTRUST FINL CORP COM 97650W108 BBG001S945T0 27,918,188 225,183 SH   DFND 2, 4 222,763 1,598 822
WISDOMTREE TR US LARGECAP FUND 97717W588 BBG001SSZB57 327,283 5,113 SH   DFND 4 5,113 0 0
WORKIVA INC NOTE 1.250% 8/1 98139AAD7   1,400,000 1,500,000 PRN   DFND 2 1,500,000 0 0
WP CAREY INC COM 92936U109 BBG001S67MM3 4,377,579 70,176 SH   DFND 2 70,176 0 0
XPO INC COM 983793100 BBG001SJW3C0 24,213,582 191,730 SH   DFND 2, 4, 5 189,718 1,179 833
YETI HLDGS INC COM 98585X104 BBG00D8JC891 79,049,670 2,507,921 SH   DFND 2, 4, 5 2,506,910 0 1,011
YUM BRANDS INC COM 988498101 BBG001S7JQ30 237,088 1,600 SH   DFND 4 1,600 0 0
ZEEKR INTELLIGENT TECHNOLOGY SPON ADS 98923K103 BBG010J22GV1 411,111 16,122 SH   DFND 4, 5 15,234 0 888
ZOETIS INC CL A 98978V103 BBG0039320P7 20,406,369 130,852 SH   DFND 2, 4, 5 121,017 0 9,835