Spectrum Asset Management, Inc.

Name: Spectrum Asset Management, Inc. 13F holdings, Q1 2025
Creator: Spectrum Asset Management, Inc.
Published: 2025-04-28

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Spectrum Asset Management, Inc. reported 3 stock positions worth $49.5 million. Its top holding was Invesco Preferred ETF (PGX) at 82.3% of the portfolio, followed by iShares Preferred & Income S (PFF, 13.8%) and Invesco Variable Rate Prefer (VRP, 3.8%). Compared with Q4 2024, it reduced 3. The biggest sale was Invesco Variable Rate Prefer (VRP, shares −91%).

Most Recent 13F: Q2 2026
Location: STAMFORD, CT
CIK: 0001318293
Portfolio Value: $49.5M (Q1 2025)
SEC Filing: 0001085146-25-002395 ↗ filed Apr 28, 2025

Holdings Value

Holdings 3 stocks · $49.5M


PGX Invesco Preferred ETF	82.34%	3,635,591	$40.8M	Reduce -37.0%
PFF iShares Preferred & Income S	13.82%	222,761	$6.8M	Reduce -20.7%
VRP Invesco Variable Rate Prefer	3.84%	78,451	$1.9M	Reduce -90.9%

Other holdings (2): bonds, preferreds, convertibles and warrants · $5.3M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	3,532	$4.2M	No change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	897	$1.1M	No change

Total filed on the 13F, all lines: $54.9M.

Portfolio Sells Q4 2024 → Q1 2025


VRP Invesco Variable Rate Prefer	Reduce -90.9%	3.84%	−17.86
PFF iShares Preferred & Income S	Reduce -20.7%	13.82%	+4.65
PGX Invesco Preferred ETF	Reduce -37.0%	82.34%	+13.21

Portfolio Buys Q4 2024 → Q1 2025


None this quarter.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	2	$64.5M	PGX, VRP
Q1 2026	2	$45.0M	PGX, VRP
Q4 2025	2	$74.1M	PGX, VRP
Q3 2025	2	$43.7M	PGX, VRP
Q2 2025	2	$60.4M	PGX, VRP
Q1 2025	3	$49.5M	PGX, PFF, VRP
Q4 2024	3	$96.3M	PGX, VRP, PFF
Q3 2024	3	$55.4M	PGX, PFF, VRP
Q2 2024	3	$22.9M	PFF, VRP, PGX
Q1 2024	3	$52.0M	PGX, PFF, VRP