Serial	NAME OF ISSUER	TITLE OF CLASS	CUSIP	VALUE(x$1000)	INVESTMENT DISCRETION	SOLE	SHARED	NONE
1	AMAZON COM INC	COM	023135106	782560	DFND	423500	0	0
2	AMAZON COM INC	COM	023135106	210284	DFND	113800	0	0
3	AMERICAN AIRLS GROUP INC	COM	02376R102	594881	DFND	20742000	0	0
4	AMERICAN AIRLS GROUP INC	COM	02376R102	624019	DFND	21758000	0	0
5	AMERICAN EXPRESS CO	COM	025816109	243022	DFND	1952142	0	0
6	AMERICAN EXPRESS CO	COM	025816109	2144390	DFND	17225400	0	0
7	AMERICAN EXPRESS CO	COM	025816109	104551	DFND	839832	0	0
8	AMERICAN EXPRESS CO	COM	025816109	256088	DFND	2057100	0	0
9	AMERICAN EXPRESS CO	COM	025816109	995252	DFND	7994634	0	0
10	AMERICAN EXPRESS CO	COM	025816109	14956463	DFND	120141879	0	0
11	AMERICAN EXPRESS CO	COM	025816109	174250	DFND	1399713	0	0
12	APPLE INC	COM	037833100	50801	DFND	173000	0	0
13	APPLE INC	COM	037833100	281904	DFND	960000	0	0
14	APPLE INC	COM	037833100	1780987	DFND	6065000	0	0
15	APPLE INC	COM	037833100	5043382	DFND	17174807	0	0
16	APPLE INC	COM	037833100	199976	DFND	681000	0	0
17	APPLE INC	COM	037833100	4518025	DFND	15385747	0	0
18	APPLE INC	COM	037833100	892109	DFND	3038000	0	0
19	APPLE INC	COM	037833100	3511467	DFND	11958000	0	0
20	APPLE INC	COM	037833100	55234981	DFND	188098012	0	0
21	APPLE INC	COM	037833100	199095	DFND	678000	0	0
22	APPLE INC	COM	037833100	277206	DFND	944000	0	0
23	BANK AMER CORP	COM	060505104	138062	DFND	3920000	0	0
24	BANK AMER CORP	COM	060505104	419118	DFND	11900000	0	0
25	BANK AMER CORP	COM	060505104	292590	DFND	8307500	0	0
26	BANK AMER CORP	COM	060505104	4930800	DFND	140000000	0	0
27	BANK AMER CORP	COM	060505104	1078718	DFND	30628000	0	0
28	BANK AMER CORP	COM	060505104	73962	DFND	2100000	0	0
29	BANK AMER CORP	COM	060505104	10980892	DFND	311780000	0	0
30	BANK AMER CORP	COM	060505104	422605	DFND	11999000	0	0
31	BANK AMER CORP	COM	060505104	608426	DFND	17275000	0	0
32	BANK AMER CORP	COM	060505104	12302314	DFND	349299100	0	0
33	BANK AMER CORP	COM	060505104	986160	DFND	28000000	0	0
34	BANK AMER CORP	COM	060505104	345156	DFND	9800000	0	0
35	BANK OF NEW YORK MELLON CORP	COM	064058100	378041	DFND	7511249	0	0
36	BANK OF NEW YORK MELLON CORP	COM	064058100	108109	DFND	2148000	0	0
37	BANK OF NEW YORK MELLON CORP	COM	064058100	90288	DFND	1793915	0	0
38	BANK OF NEW YORK MELLON CORP	COM	064058100	23001	DFND	457000	0	0
39	BANK OF NEW YORK MELLON CORP	COM	064058100	39056	DFND	776000	0	0
40	BANK OF NEW YORK MELLON CORP	COM	064058100	326661	DFND	6490384	0	0
41	BANK OF NEW YORK MELLON CORP	COM	064058100	368365	DFND	7319000	0	0
42	BANK OF NEW YORK MELLON CORP	COM	064058100	193995	DFND	3854463	0	0
43	BANK OF NEW YORK MELLON CORP	COM	064058100	2249211	DFND	44689264	0	0
44	BANK OF NEW YORK MELLON CORP	COM	064058100	107706	DFND	2140000	0	0
45	BANK OF NEW YORK MELLON CORP	COM	064058100	130142	DFND	2585782	0	0
46	BIOGEN INC	COM	09062X103	1610	DFND	5425	0	0
47	BIOGEN INC	COM	09062X103	138965	DFND	468322	0	0
48	BIOGEN INC	COM	09062X103	51839	DFND	174700	0	0
49	CHARTER COMMUNICATIONS INC N	CL A	16119P108	2632339	DFND	5426609	0	0
50	COCA COLA CO	COM	191216100	44280	DFND	800000	0	0
51	COCA COLA CO	COM	191216100	4443675	DFND	80283200	0	0
52	COCA COLA CO	COM	191216100	100958	DFND	1824000	0	0
53	COCA COLA CO	COM	191216100	797660	DFND	14411200	0	0
54	COCA COLA CO	COM	191216100	829719	DFND	14990400	0	0
55	COCA COLA CO	COM	191216100	15673969	DFND	283179200	0	0
56	COCA COLA CO	COM	191216100	196603	DFND	3552000	0	0
57	COCA COLA CO	COM	191216100	53136	DFND	960000	0	0
58	COSTCO WHSL CORP NEW	COM	22160K105	1273662	DFND	4333363	0	0
59	DAVITA HEALTHCARE PARTNERS I	COM	23918K108	1504508	DFND	20052088	0	0
60	DAVITA HEALTHCARE PARTNERS I	COM	23918K108	1389067	DFND	18513482	0	0
61	DELTA AIR LINES INC DEL	COM NEW	247361702	408958	DFND	6993123	0	0
62	DELTA AIR LINES INC DEL	COM NEW	247361702	3737886	DFND	63917333	0	0
63	GENERAL MTRS CO	COM	37045V100	987980	DFND	26994000	0	0
64	GENERAL MTRS CO	COM	37045V100	910872	DFND	24887209	0	0
65	GENERAL MTRS CO	COM	37045V100	307526	DFND	8402338	0	0
66	GENERAL MTRS CO	COM	37045V100	538622	DFND	14716453	0	0
67	GLOBE LIFE INC	COM	37959E102	18365	DFND	174489	0	0
68	GLOBE LIFE INC	COM	37959E102	106501	DFND	1011888	0	0
69	GLOBE LIFE INC	COM	37959E102	151489	DFND	1439325	0	0
70	GLOBE LIFE INC	COM	37959E102	392375	DFND	3728025	0	0
71	GOLDMAN SACHS GROUP INC	COM	38141G104	1006166	DFND	4375968	0	0
72	GOLDMAN SACHS GROUP INC	COM	38141G104	1754086	DFND	7628783	0	0
73	JPMORGAN CHASE & CO	COM	46625H100	127272	DFND	913000	0	0
74	JPMORGAN CHASE & CO	COM	46625H100	254977	DFND	1829100	0	0
75	JPMORGAN CHASE & CO	COM	46625H100	30180	DFND	216500	0	0
76	JPMORGAN CHASE & CO	COM	46625H100	38196	DFND	274000	0	0
77	JPMORGAN CHASE & CO	COM	46625H100	241859	DFND	1735000	0	0
78	JPMORGAN CHASE & CO	COM	46625H100	7317989	DFND	52496332	0	0
79	JPMORGAN CHASE & CO	COM	46625H100	285909	DFND	2051000	0	0
80	JOHNSON & JOHNSON	COM	478160104	47714	DFND	327100	0	0
81	KRAFT HEINZ CO	COM	500754106	10462647	DFND	325634818	0	0
82	KROGER CO	COM	501044101	549073	DFND	18940079	0	0
83	LIBERTY MEDIA CORP DELAWARE	COM A SIRIUSXM	531229409	208254	DFND	4308117	0	0
84	LIBERTY MEDIA CORP DELAWARE	COM A SIRIUSXM	531229409	376655	DFND	7791780	0	0
85	LIBERTY MEDIA CORP DELAWARE	COM A SIRIUSXM	531229409	45120	DFND	933391	0	0
86	LIBERTY MEDIA CORP DELAWARE	COM A SIRIUSXM	531229409	88321	DFND	1827072	0	0
87	LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	344347	DFND	7153027	0	0
88	LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	931986	DFND	19359910	0	0
89	LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	24487	DFND	508654	0	0
90	LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	195901	DFND	4069394	0	0
91	M & T BK CORP	COM	55261F104	92684	DFND	546000	0	0
92	M & T BK CORP	COM	55261F104	27974	DFND	164795	0	0
93	M & T BK CORP	COM	55261F104	792944	DFND	4671245	0	0
94	MASTERCARD INC	CL A	57636Q104	1473469	DFND	4934756	0	0
95	MONDELEZ INTL INC	CL A	609207105	31836	DFND	578000	0	0
96	MOODYS CORP	COM	615369105	2842730	DFND	11973928	0	0
97	MOODYS CORP	COM	615369105	3014122	DFND	12695850	0	0
98	OCCIDENTAL PETE CORP	COM	674599105	51224	DFND	1243000	0	0
99	OCCIDENTAL PETE CORP	COM	674599105	48092	DFND	1167000	0	0
100	OCCIDENTAL PETE CORP	COM	674599105	598495	DFND	14523054	0	0
101	OCCIDENTAL PETE CORP	COM	674599105	82420	DFND	2000000	0	0
102	PNC FINL SVCS GROUP INC	COM	693475105	220178	DFND	1379300	0	0
103	PNC FINL SVCS GROUP INC	COM	693475105	33921	DFND	212500	0	0
104	PNC FINL SVCS GROUP INC	COM	693475105	278155	DFND	1742500	0	0
105	PNC FINL SVCS GROUP INC	COM	693475105	837859	DFND	5248754	0	0
106	PNC FINL SVCS GROUP INC	COM	693475105	14047	DFND	88000	0	0
107	PHILLIPS 66	COM	718546104	25339	DFND	227436	0	0
108	PROCTER & GAMBLE CO	COM	742718109	39393	DFND	315400	0	0
109	RH	COM	74967X103	162958	DFND	763269	0	0
110	RH	COM	74967X103	201774	DFND	945079	0	0
111	RESTAURANT BRANDS INTL INC	COM	76131D103	538106	DFND	8438225	0	0
112	SPDR S&P 500 ETF TR	TR UNIT	78462F103	12681	DFND	39400	0	0
113	SIRIUS XM HLDGS INC	COM	82968B103	657141	DFND	91907788	0	0
114	SIRIUS XM HLDGS INC	COM	82968B103	317231	DFND	44367941	0	0
115	SOUTHWEST AIRLS CO	COM	844741108	375512	DFND	6956500	0	0
116	SOUTHWEST AIRLS CO	COM	844741108	55856	DFND	1034747	0	0
117	SOUTHWEST AIRLS CO	COM	844741108	471	DFND	8722	0	0
118	SOUTHWEST AIRLS CO	COM	844741108	2464146	DFND	45649244	0	0
119	STORE CAP CORP	COM	862121100	693471	DFND	18621674	0	0
120	SUNCOR ENERGY INC NEW	COM	867224107	352862	DFND	10758000	0	0
121	SUNCOR ENERGY INC NEW	COM	867224107	64161	DFND	1956124	0	0
122	SUNCOR ENERGY INC NEW	COM	867224107	75601	DFND	2304907	0	0
123	SYNCHRONY FINL	COM	87165B103	628843	DFND	17463000	0	0
124	SYNCHRONY FINL	COM	87165B103	120273	DFND	3340000	0	0
125	TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	218393	DFND	22285000	0	0
126	TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	26554	DFND	2709585	0	0
127	TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	178896	DFND	18254710	0	0
128	TRAVELERS COMPANIES INC	COM	89417E109	42780	DFND	312379	0	0
129	US BANCORP DEL	COM NEW	902973304	34997	DFND	590275	0	0
130	US BANCORP DEL	COM NEW	902973304	228267	DFND	3850000	0	0
131	US BANCORP DEL	COM NEW	902973304	286993	DFND	4840500	0	0
132	US BANCORP DEL	COM NEW	902973304	1441180	DFND	24307300	0	0
133	US BANCORP DEL	COM NEW	902973304	69666	DFND	1175000	0	0
134	US BANCORP DEL	COM NEW	902973304	751756	DFND	12679300	0	0
135	US BANCORP DEL	COM NEW	902973304	249303	DFND	4204800	0	0
136	US BANCORP DEL	COM NEW	902973304	224650	DFND	3789000	0	0
137	US BANCORP DEL	COM NEW	902973304	4463259	DFND	75278443	0	0
138	US BANCORP DEL	COM NEW	902973304	103461	DFND	1745000	0	0
139	UNITED CONTL HLDGS INC	COM	910047109	499367	DFND	5668831	0	0
140	UNITED CONTL HLDGS INC	COM	910047109	1433208	DFND	16269811	0	0
141	UNITED PARCEL SERVICE INC	CL B	911312106	6953	DFND	59400	0	0
142	VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	12719	DFND	43000	0	0
143	VERISIGN INC	COM	92343E102	972507	DFND	5047264	0	0
144	VERISIGN INC	COM	92343E102	1523228	DFND	7905481	0	0
145	VISA INC	COM CL A	92826C839	60748	DFND	323300	0	0
146	VISA INC	COM CL A	92826C839	1923938	DFND	10239160	0	0
147	WELLS FARGO & CO NEW	COM	949746101	96840	DFND	1800000	0	0
148	WELLS FARGO & CO NEW	COM	949746101	24210	DFND	450000	0	0
149	WELLS FARGO & CO NEW	COM	949746101	285328	DFND	5303500	0	0
150	WELLS FARGO & CO NEW	COM	949746101	366532	DFND	6812857	0	0
151	WELLS FARGO & CO NEW	COM	949746101	3025554	DFND	56237071	0	0
152	WELLS FARGO & CO NEW	COM	949746101	44116	DFND	820000	0	0
153	WELLS FARGO & CO NEW	COM	949746101	91460	DFND	1700000	0	0
154	WELLS FARGO & CO NEW	COM	949746101	1378523	DFND	25623100	0	0
155	WELLS FARGO & CO NEW	COM	949746101	460905	DFND	8567000	0	0
156	WELLS FARGO & CO NEW	COM	949746101	2398051	DFND	44573430	0	0
157	WELLS FARGO & CO NEW	COM	949746101	8873139	DFND	164928240	0	0
158	WELLS FARGO & CO NEW	COM	949746101	149994	DFND	2788000	0	0
159	WELLS FARGO & CO NEW	COM	949746101	86603	DFND	1609720	0	0
160	WELLS FARGO & CO NEW	COM	949746101	107600	DFND	2000000	0	0
161	AXALTA COATING SYS LTD	COM	G0750C108	101050	DFND	3324000	0	0
162	AXALTA COATING SYS LTD	COM	G0750C108	624627	DFND	20546957	0	0
163	AXALTA COATING SYS LTD	COM	G0750C108	11949	DFND	393043	0	0
164	LIBERTY GLOBAL PLC	SHS CL A	G5480U104	190538	DFND	8379000	0	0
165	LIBERTY GLOBAL PLC	SHS CL A	G5480U104	254483	DFND	11190970	0	0
166	LIBERTY GLOBAL PLC	SHS CL A	G5480U104	5026	DFND	221030	0	0
167	LIBERTY GLOBAL PLC	SHS CL C	G5480U120	160127	DFND	7346968	0	0
168	STONECO LTD	COM CL A	G85158106	565112	DFND	14166748	0	0
169	LIBERTY LATIN AMERICA LTD	COM CL A	G9001E102	21031	DFND	1089669	0	0
170	LIBERTY LATIN AMERICA LTD	COM CL A	G9001E102	31366	DFND	1625185	0	0
171	LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	24987	DFND	1284020	0	0

Tall Value $:242050717000
Tall Sole:3440812605

Serial	NAME OF ISSUER	VALUE($)	VALUE(%)	SOLE	SHARED	NONE
1	APPLE INC	71989933000	29.742%	245155566	0	0
2	BANK AMER CORP	32578803000	13.459%	925008600	0	0
3	COCA COLA CO	22140000000	9.147%	400000000	0	0
4	AMERICAN EXPRESS CO	18874016000	7.798%	151610700	0	0
5	WELLS FARGO & CO NEW	17388855000	7.184%	323212918	0	0
6	KRAFT HEINZ CO	10462647000	4.323%	325634818	0	0
7	JPMORGAN CHASE & CO	8296382000	3.428%	59514932	0	0
8	US BANCORP DEL	7853532000	3.245%	132459618	0	0
9	MOODYS CORP	5856852000	2.42%	24669778	0	0
10	DELTA AIR LINES INC DEL	4146844000	1.713%	70910456	0	0
11	BANK OF NEW YORK MELLON CORP	4014575000	1.659%	79765057	0	0
12	SOUTHWEST AIRLS CO	2895985000	1.196%	53649213	0	0
13	DAVITA HEALTHCARE PARTNERS I	2893575000	1.195%	38565570	0	0
14	GOLDMAN SACHS GROUP INC	2760252000	1.14%	12004751	0	0
15	GENERAL MTRS CO	2745000000	1.134%	75000000	0	0
16	CHARTER COMMUNICATIONS INC N	2632339000	1.088%	5426609	0	0
17	VERISIGN INC	2495735000	1.031%	12952745	0	0
18	LIBERTY MEDIA CORP DELAWARE	2215071000	0.915%	45951345	0	0
19	VISA INC	1984686000	0.82%	10562460	0	0
20	UNITED CONTL HLDGS INC	1932575000	0.798%	21938642	0	0
21	MASTERCARD INC	1473469000	0.609%	4934756	0	0
22	PNC FINL SVCS GROUP INC	1384160000	0.572%	8671054	0	0
23	COSTCO WHSL CORP NEW	1273662000	0.526%	4333363	0	0
24	AMERICAN AIRLS GROUP INC	1218900000	0.504%	42500000	0	0
25	AMAZON COM INC	992844000	0.41%	537300	0	0
26	SIRIUS XM HLDGS INC	974372000	0.403%	136275729	0	0
27	M & T BK CORP	913602000	0.377%	5382040	0	0
28	OCCIDENTAL PETE CORP	780231000	0.322%	18933054	0	0
29	SYNCHRONY FINL	749116000	0.309%	20803000	0	0
30	AXALTA COATING SYS LTD	737626000	0.305%	24264000	0	0
31	STORE CAP CORP	693471000	0.286%	18621674	0	0
32	GLOBE LIFE INC	668730000	0.276%	6353727	0	0
33	LIBERTY GLOBAL PLC	610174000	0.252%	27137968	0	0
34	STONECO LTD	565112000	0.233%	14166748	0	0
35	KROGER CO	549073000	0.227%	18940079	0	0
36	RESTAURANT BRANDS INTL INC	538106000	0.222%	8438225	0	0
37	SUNCOR ENERGY INC NEW	492624000	0.204%	15019031	0	0
38	TEVA PHARMACEUTICAL INDS LTD	423843000	0.175%	43249295	0	0
39	RH	364732000	0.151%	1708348	0	0
40	BIOGEN INC	192414000	0.079%	648447	0	0
41	LIBERTY LATIN AMERICA LTD	77384000	0.032%	3998874	0	0
42	JOHNSON & JOHNSON	47714000	0.02%	327100	0	0
43	TRAVELERS COMPANIES INC	42780000	0.018%	312379	0	0
44	PROCTER & GAMBLE CO	39393000	0.016%	315400	0	0
45	MONDELEZ INTL INC	31836000	0.013%	578000	0	0
46	PHILLIPS 66	25339000	0.01%	227436	0	0
47	VANGUARD INDEX FDS	12719000	0.005%	43000	0	0
48	SPDR S&P 500 ETF TR	12681000	0.005%	39400	0	0
49	UNITED PARCEL SERVICE INC	6953000	0.003%	59400	0	0

Data|Information|Knowledge|Wisdom