Spectrum Asset Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Spectrum Asset Management, Inc. reported 2 stock positions worth $45.0 million. Its top holding was Invesco Preferred ETF (PGX) at 94.3% of the portfolio, followed by Invesco Variable Rate Prefer (VRP, 5.7%). Compared with Q4 2025, it reduced 2. The biggest sale was Invesco Variable Rate Prefer (VRP, shares −81%).