Spectrum Asset Management, Inc.

Name: Spectrum Asset Management, Inc. 13F holdings, Q3 2025
Creator: Spectrum Asset Management, Inc.
Published: 2025-10-27

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Spectrum Asset Management, Inc. reported 2 stock positions worth $43.7 million. Its top holding was Invesco Preferred ETF (PGX) at 96.5% of the portfolio, followed by Invesco Variable Rate Prefer (VRP, 3.5%). Compared with Q2 2025, it reduced 2. The biggest sale was Invesco Variable Rate Prefer (VRP, shares −82%).

Most Recent 13F: Q2 2026
Location: STAMFORD, CT
CIK: 0001318293
Portfolio Value: $43.7M (Q3 2025)
SEC Filing: 0001318293-25-000003 ↗ filed Oct 27, 2025

Holdings Value

Holdings 2 stocks · $43.7M


PGX Invesco Preferred ETF	96.45%	3,633,270	$42.1M	Reduce -22.2%
VRP Invesco Variable Rate Prefer	3.55%	62,772	$1.6M	Reduce -81.7%

Other holdings (2): bonds, preferreds, convertibles and warrants · $5.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	3,487	$4.3M	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: $49.1M.

Portfolio Sells Q2 2025 → Q3 2025


VRP Invesco Variable Rate Prefer	Reduce -81.7%	3.55%	−10.34
PGX Invesco Preferred ETF	Reduce -22.2%	96.45%	+10.34

Portfolio Buys Q2 2025 → Q3 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