<SEC-DOCUMENT>0000844150-24-000002.txt : 20240112
<SEC-HEADER>0000844150-24-000002.hdr.sgml : 20240112
<ACCEPTANCE-DATETIME>20240112125009
ACCESSION NUMBER:		0000844150-24-000002
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240112
DATE AS OF CHANGE:		20240112
EFFECTIVENESS DATE:		20240112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NatWest Group plc
		CENTRAL INDEX KEY:			0000844150
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05855
		FILM NUMBER:		24531362

	BUSINESS ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ
		BUSINESS PHONE:		441315568555

	MAIL ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYAL BANK OF SCOTLAND GROUP PLC
		DATE OF NAME CHANGE:	19950712
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
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        <credentials>
          <cik>0000844150</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>12-31-2023</periodOfReport>
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      <reportCalendarOrQuarter>12-31-2023</reportCalendarOrQuarter>
      <filingManager>
        <name>NatWest Group plc</name>
        <address>
          <com:street1>GOGARBURN</com:street1>
          <com:street2>PO BOX 1000</com:street2>
          <com:city>EDINBURGH, SCOTLAND</com:city>
          <com:stateOrCountry>X0</com:stateOrCountry>
          <com:zipCode>EH12 1HQ</com:zipCode>
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    <signatureBlock>
      <name>Jan Cargill</name>
      <title>Chief Governance Officer and Company Secretary</title>
      <phone>00447769248894</phone>
      <signature>Jan Cargill, Edinburgh, UK, 01-12-2024</signature>
      <city>Edinburgh</city>
      <stateOrCountry>X0</stateOrCountry>
      <signatureDate>01-12-2024</signatureDate>
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<SEQUENCE>2
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        <titleOfClass>COM</titleOfClass>
        <cusip>46625H100</cusip>
        <figi>BBG001S8CRC3</figi>
        <value>3376825</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19852</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>19852</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46625H100</cusip>
        <figi>BBG001S8CRC3</figi>
        <value>9052552</value>
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            <sshPrnamt>53219</sshPrnamt>
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        <otherManager>4</otherManager>
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            <Sole>53219</Sole>
            <Shared>0</Shared>
            <None>0</None>
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        <nameOfIssuer>KLA CORP</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>482480100</cusip>
        <figi>BBG001S5SLM4</figi>
        <value>2645496</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4551</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
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            <None>0</None>
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        <cusip>482480100</cusip>
        <figi>BBG001S5SLM4</figi>
        <value>6985482</value>
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            <sshPrnamt>12017</sshPrnamt>
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            <Sole>12017</Sole>
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            <None>0</None>
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        <cusip>G54950103</cusip>
        <figi>BBG01FND0CH6</figi>
        <value>854688</value>
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            <sshPrnamt>2081</sshPrnamt>
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        <votingAuthority>
            <Sole>2081</Sole>
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            <None>0</None>
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        <nameOfIssuer>LINDE PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G54950103</cusip>
        <figi>BBG01FND0CH6</figi>
        <value>3415875</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8317</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>8317</Sole>
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            <None>0</None>
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        <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>580135101</cusip>
        <figi>BBG001S5T110</figi>
        <value>1119325</value>
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            <sshPrnamt>3775</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>3775</Sole>
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            <None>0</None>
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        <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>580135101</cusip>
        <figi>BBG001S5T110</figi>
        <value>3210610</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10828</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>10828</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>594918104</cusip>
        <figi>BBG001S5TD05</figi>
        <value>5502217</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14632</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>14632</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>594918104</cusip>
        <figi>BBG001S5TD05</figi>
        <value>18403398</value>
        <shrsOrPrnAmt>
            <sshPrnamt>48940</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>48940</Sole>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>64110L106</cusip>
        <figi>BBG001SF6L46</figi>
        <value>3148653</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6467</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>6467</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>NETFLIX INC</nameOfIssuer>
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        <cusip>64110L106</cusip>
        <figi>BBG001SF6L46</figi>
        <value>8116776</value>
        <shrsOrPrnAmt>
            <sshPrnamt>16671</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <votingAuthority>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>67066G104</cusip>
        <figi>BBG001S5TZJ6</figi>
        <value>3089182</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6238</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>6238</Sole>
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            <None>0</None>
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    <infoTable>
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        <titleOfClass>COM</titleOfClass>
        <cusip>67066G104</cusip>
        <figi>BBG001S5TZJ6</figi>
        <value>7748212</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <votingAuthority>
            <Sole>15646</Sole>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>745867101</cusip>
        <figi>BBG001S5V5K7</figi>
        <value>2966749</value>
        <shrsOrPrnAmt>
            <sshPrnamt>28742</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>28742</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>PULTE GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>745867101</cusip>
        <figi>BBG001S5V5K7</figi>
        <value>7576554</value>
        <shrsOrPrnAmt>
            <sshPrnamt>73402</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>73402</Sole>
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            <None>0</None>
        </votingAuthority>
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        <titleOfClass>COM</titleOfClass>
        <cusip>74762E102</cusip>
        <figi>BBG001S5VH85</figi>
        <value>983616</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4558</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>4558</Sole>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>74762E102</cusip>
        <figi>BBG001S5VH85</figi>
        <value>2670741</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12376</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>12376</Sole>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>893641100</cusip>
        <figi>BBG001SPV1C1</figi>
        <value>2439979</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2412</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
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    <infoTable>
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        <titleOfClass>COM</titleOfClass>
        <cusip>893641100</cusip>
        <figi>BBG001SPV1C1</figi>
        <value>5889535</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5822</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <votingAuthority>
            <Sole>5822</Sole>
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            <None>0</None>
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        <titleOfClass>SHS</titleOfClass>
        <cusip>H42097107</cusip>
        <figi>BBG007936GX0</figi>
        <value>503330</value>
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            <sshPrnamt>16289</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
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            <None>0</None>
        </votingAuthority>
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        <titleOfClass>SHS</titleOfClass>
        <cusip>H42097107</cusip>
        <figi>BBG007936GX0</figi>
        <value>1812532</value>
        <shrsOrPrnAmt>
            <sshPrnamt>58658</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>58658</Sole>
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            <None>0</None>
        </votingAuthority>
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        <titleOfClass>COM</titleOfClass>
        <cusip>91324P102</cusip>
        <figi>BBG001S6WCJ1</figi>
        <value>2878738</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5468</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
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            <None>0</None>
        </votingAuthority>
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        <titleOfClass>COM</titleOfClass>
        <cusip>91324P102</cusip>
        <figi>BBG001S6WCJ1</figi>
        <value>7587486</value>
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            <sshPrnamt>14412</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>14412</Sole>
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            <None>0</None>
        </votingAuthority>
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        <titleOfClass>COM</titleOfClass>
        <cusip>91913Y100</cusip>
        <figi>BBG001S5X8K9</figi>
        <value>871260</value>
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            <sshPrnamt>6702</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
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            <None>0</None>
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        <titleOfClass>COM</titleOfClass>
        <cusip>91913Y100</cusip>
        <figi>BBG001S5X8K9</figi>
        <value>2453750</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18875</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
        <votingAuthority>
            <Sole>18875</Sole>
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            <None>0</None>
        </votingAuthority>
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        <figi>BBG001S68LJ8</figi>
        <value>978977</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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        <figi>BBG001S68LJ8</figi>
        <value>1826122</value>
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            <sshPrnamt>4488</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>4</otherManager>
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</TEXT>
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</SEC-DOCUMENT>
