Spectrum Asset Management, Inc. (NB/CA)

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Spectrum Asset Management, Inc. (NB/CA) reported 97 stock positions worth $233.1 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 7.1% of the portfolio, followed by FT Vest U.S. Equity Deep Buf (DJAN, 5.7%) and FT Vest US Equity Deep Buffe (DMAR, 4.3%). Compared with Q4 2023, it opened 17 new positions, sold out of 7, added to 27 and reduced 32. The biggest buy was a new position in FT Vest U.S. Equity Deep Buf (DJAN) and the biggest sale Schwab US Large-Cap Value (SCHV, shares −50%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0001632078
Portfolio Value
$233.1M (Q1 2024)
SEC Filing
0001632078-24-000004 ↗ filed Apr 23, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $233.1M $233.1M Q1 2024 Q2 2024: $216.2M Q2 2024 Q3 2024: $236.4M Q3 2024 Q4 2024: $222.6M Q4 2024 Q1 2025: $225.0M Q1 2025 Q2 2025: $230.1M Q2 2025 Q3 2025: $284.4M Q3 2025 Q4 2025: $299.8M Q4 2025 Q1 2026: $314.8M Q1 2026 Q2 2026: $360.2M Q2 2026

Holdings 97 stocks · $233.1M
SCHV Schwab US Large-Cap Value 7.09% 217,526 $16.5M Reduce -50.4%
DJAN FT Vest U.S. Equity Deep Buf 5.69% 368,488 $13.3M New
DMAR FT Vest US Equity Deep Buffe 4.26% 284,732 $9.9M New
USMV iShares MSCI USA Min Vol Fac 4.19% 116,765 $9.8M Add +10.8%
IAU iShares Gold Trust 4.14% 229,793 $9.7M Reduce -6.0%
DFEB FT Vest U.S. Equity Deep Buf 4.01% 239,116 $9.4M New
SCHG Schwab US Large-Cap Growth 3.65% 91,791 $8.5M Reduce -49.3%
CVX Chevron Corp. 2.96% 43,745 $6.9M Add +3.5%
SCHF Schwab Intl Equity ETF 2.46% 146,761 $5.7M Add +17.4%
RSP Invesco S&P 500 Equal Weight 2.43% 33,487 $5.7M Add +45.2%
SCHW Schwab (charles) Corp. 2.36% 76,139 $5.5M Add +8.8%
MSFT Microsoft Corp. 2.22% 12,291 $5.2M Add +0.7%
WMT Walmart Inc. 2.03% 78,523 $4.7M Add +9.1%
INTC Intel Corp. 2.02% 106,458 $4.7M Add +5.2%
HON Honeywell International Inc. 1.98% 22,480 $4.6M Add +6.7%
XOM Exxon Mobil Corp. 1.88% 37,734 $4.4M Add +8.0%
GD General Dynamics Corp. 1.74% 14,331 $4.0M Add +7.1%
SCTXX Schwab Amt Tax FR MNY-Ultra 1.73% 4,028,000 $4.0M Add +10.7%
ACN Accenture PLC Class A 1.72% 11,584 $4.0M Add +11.0%
BRK.B Berkshire Hathaway Inc. Class B 1.68% 9,338 $3.9M Add +11.6%
VGK Vanguard Ftse Europe ETF 1.68% 58,127 $3.9M New
ABBV Abbvie Inc. 1.68% 21,466 $3.9M Reduce -2.2%
MDT Medtronic PLC 1.53% 40,523 $3.6M Reduce -49.6%
ORCL Oracle Corp. 1.50% 27,878 $3.5M Add +6.6%
LHX L3HARRIS Technologies Inc. 1.48% 16,168 $3.4M New
EMR Emerson Electric Co. 1.41% 28,945 $3.3M Add +12.4%
DUK Duke Energy Corp. 1.37% 33,006 $3.2M Add +4.9%
CSCO Cisco Systems Inc. 1.36% 63,740 $3.2M Reduce -5.0%
VZ Verizon Communications Inc. 1.33% 73,629 $3.1M Reduce -21.6%
BG Bunge Global SA 1.25% 28,385 $2.9M Add +4.5%
SRE Sempra 1.24% 40,063 $2.9M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.20% 22,942 $2.8M Add +573.4%
IJR iShares Core S&P Small-Cap E 1.18% 24,951 $2.8M New
VUG Vanguard Mrngstar GR ETF-Sui 1.17% 7,919 $2.7M Reduce -12.2%
IJH iShares Core S&P Midcap ETF 1.05% 40,380 $2.5M New
ABT Abbott Laboratories 1.02% 20,952 $2.4M Add +24.7%
ESGU iShares ESG Aware MSCI USA 0.99% 20,026 $2.3M Reduce -83.4%
SCHB Schwab US Broad Market ETF 0.98% 37,402 $2.3M Reduce -47.9%
QCOM Qualcomm Inc. 0.97% 13,412 $2.3M Add +12.5%
VONE Vanguard Russell 1000 0.94% 9,204 $2.2M Reduce -75.3%
AAPL Apple Inc. 0.93% 12,609 $2.2M Reduce -36.7%
BWA Borgwarner Inc. 0.88% 59,048 $2.1M Reduce -3.3%
FXI iShares China Large-Cap ETF 0.80% 77,957 $1.9M New
COLD Americold Realty Trust Inc. 0.76% 70,752 $1.8M Reduce -19.3%
COST Costco Wholesale Corp. 0.63% 2,012 $1.5M Reduce -0.8%
V Visa Inc. Class A 0.59% 4,914 $1.4M Reduce -1.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.57% 2,538 $1.3M Reduce -1.6%
RTX RTX Corp. 0.50% 11,872 $1.2M Add +212.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.40% 16,907 $931K Reduce -6.4%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.39% 10,110 $898K Add +5.3%
GEHC GE Healthcare Technology 0.37% 9,417 $856K Reduce -1.6%
VEA Vanguard Ftse Developed ETF 0.36% 16,860 $846K Reduce -55.9%
TLT iShares 20+ Year Treasury BD 0.34% 8,370 $792K No change
ROK Rockwell Automation Inc. 0.34% 2,692 $784K Add +1.7%
PSMT Pricesmart Inc. 0.33% 9,290 $780K New
D Dominion Energy Inc. 0.33% 15,412 $758K New
TSLA Tesla Inc. 0.32% 4,292 $755K Reduce -10.9%
GOOGL Alphabet Inc. Class A 0.30% 4,710 $711K No change
IWB iShares Russell 1000 ETF 0.30% 2,447 $705K Add +0.2%
UNH Unitedhealth Group Inc. 0.24% 1,153 $570K No change
MORN Morningstar Inc. 0.24% 1,800 $555K No change
ITA iShares U.S. Aerospace & Def 0.22% 3,945 $520K New
MCD McDonald's Corp. 0.22% 1,814 $512K No change
MAR Marriott International Class A 0.22% 2,020 $510K No change
XLE SS Energy Select Sector 0.21% 5,190 $490K Add +30.7%
NVDA Nvidia Corp. 0.20% 527 $476K Reduce -3.1%
IBTH iShares Ibonds Dec 2027 Term 0.20% 20,729 $459K Reduce -42.9%
DE Deere & Co. 0.19% 1,070 $441K Reduce -65.8%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,573 $409K Reduce -18.6%
PFE Pfizer Inc. 0.17% 14,600 $405K New
NKE Nike Inc. Class B 0.16% 3,984 $376K No change
MLPA Global X MLP ETF 0.15% 7,020 $339K No change
MELI MercadoLibre Inc. 0.14% 221 $334K Reduce -4.3%
SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION 0.14% 3,869 $329K No change
MCK McKesson Corp. 0.14% 600 $322K No change
IBTF iShares Ibonds Dec 2025 Term 0.14% 13,780 $320K Reduce -53.4%
IBTG iShares Ibonds Dec 2026 Term 0.14% 13,958 $317K Reduce -50.4%
GOOG Alphabet Inc. Class C 0.13% 2,035 $310K New
TXN Texas Instruments Inc. 0.13% 1,700 $296K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.12% 7,885 $283K No change
IVV iShares Core S&P 500 ETF 0.12% 530 $279K Reduce -55.7%
NOC Northrop Grumman Corp. 0.12% 574 $275K No change
PYPL PayPal Holdings Inc. 0.12% 4,030 $270K New
PEP Pepsico Inc. 0.11% 1,459 $257K Reduce -13.4%
SHY iShares 1-3 Year Treasury Bo 0.11% 3,000 $245K No change
PXD Pioneer Natural Resources Co. 0.10% 917 $241K No change
GLD SPDR Gold Shares 0.10% 1,154 $237K Reduce -8.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 1,200 $229K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 5,797 $220K New
GOVT iShares US Treasury Bond ETF 0.09% 9,385 $214K Reduce -90.3%
RY Royal Bank of Canada 0.09% 2,000 $202K No change
BEAT Heartbeam Inc. 0.04% 44,900 $98K No change
CALIDI BIOTHERAPEUTICS INC 0.04% 166,494 $94K No change
TENON MEDICAL INC 0.03% 83,261 $79K No change
VNRX Volitionrx Ltd. 0.02% 55,596 $42K No change
ABERDEEN ASIA PACIFIC INCOM filed as ABRDN ASIA PACIFIC INCOME FU 0.01% 11,207 $31K No change
CCI Crown Castle Inc. 0.00% 80 $8K New

Options reported separately and not counted above: DIS calls ($35K), PFE calls ($16K), AAPL puts ($910).

Other holdings (1): bonds, preferreds, convertibles and warrants · $63K (not counted above)
SecurityClassShares / PrincipalValueChange
TNONW Tenon Medical Inc.-28 *W EXP 06/16/202 1,070,000$63KNo change

Total filed on the 13F, all lines: $233.2M.

Portfolio Sells Q4 2023 → Q1 2024
SCHV Schwab US Large-Cap Value Reduce -50.4% 7.09% −6.52
ESGU iShares ESG Aware MSCI USA Reduce -83.4% 0.99% −4.60
SCHG Schwab US Large-Cap Growth Reduce -49.3% 3.65% −3.00
VONE Vanguard Russell 1000 Reduce -75.3% 0.94% −2.64
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −2.00
MDT Medtronic PLC Reduce -49.6% 1.53% −1.43
CF CF Industries Holdings Inc. Sold out 0.00% −0.98
GOVT iShares US Treasury Bond ETF Reduce -90.3% 0.09% −0.90
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.84
SCHB Schwab US Broad Market ETF Reduce -47.9% 0.98% −0.79
AAPL Apple Inc. Reduce -36.7% 0.93% −0.77
VEA Vanguard Ftse Developed ETF Reduce -55.9% 0.36% −0.45
COP Conocophillips Sold out 0.00% −0.42
COLD Americold Realty Trust Inc. Reduce -19.3% 0.76% −0.42
DE Deere & Co. Reduce -65.8% 0.19% −0.37
VZ Verizon Communications Inc. Reduce -21.6% 1.33% −0.24
TSLA Tesla Inc. Reduce -10.9% 0.32% −0.21
IBTF iShares Ibonds Dec 2025 Term Reduce -53.4% 0.14% −0.17
IBTH iShares Ibonds Dec 2027 Term Reduce -42.9% 0.20% −0.16
SCHR Schwab Intermediate-Term US Sold out 0.00% −0.15
IBTG iShares Ibonds Dec 2026 Term Reduce -50.4% 0.14% −0.15
CSCO Cisco Systems Inc. Reduce -5.0% 1.36% −0.14
IVV iShares Core S&P 500 ETF Reduce -55.7% 0.12% −0.13
IUSB Ishr CR Unvrse Usd BD ETF-Ui Sold out 0.00% −0.09
EW Edwards Lifesciences Corp. Sold out 0.00% −0.09
BWA Borgwarner Inc. Reduce -3.3% 0.88% −0.09
IAU iShares Gold Trust Reduce -6.0% 4.14% −0.09
VUG Vanguard Mrngstar GR ETF-Sui Reduce -12.2% 1.17% −0.07
VTI VG Morningstar TS MKT ETF-US Reduce -18.6% 0.18% −0.03
SLB SLB Ltd. Reduce -6.4% 0.40% −0.02
PEP Pepsico Inc. Reduce -13.4% 0.11% −0.02
MELI MercadoLibre Inc. Reduce -4.3% 0.14% −0.02
GLD SPDR Gold Shares Reduce -8.0% 0.10% −0.00
V Visa Inc. Class A Reduce -1.7% 0.59% +0.01
COST Costco Wholesale Corp. Reduce -0.8% 0.63% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 0.57% +0.03
GEHC GE Healthcare Technology Reduce -1.6% 0.37% +0.04
NVDA Nvidia Corp. Reduce -3.1% 0.20% +0.08
ABBV Abbvie Inc. Reduce -2.2% 1.68% +0.17

Portfolio Buys Q4 2023 → Q1 2024
DJAN FT Vest U.S. Equity Deep Buf New 5.69% +5.69
DMAR FT Vest US Equity Deep Buffe New 4.26% +4.26
DFEB FT Vest U.S. Equity Deep Buf New 4.01% +4.01
VGK Vanguard Ftse Europe ETF New 1.68% +1.68
LHX L3HARRIS Technologies Inc. New 1.48% +1.48
IJR iShares Core S&P Small-Cap E New 1.18% +1.18
DIS The Walt Disney Co. Add +573.4% 1.20% +1.07
IJH iShares Core S&P Midcap ETF New 1.05% +1.05
RSP Invesco S&P 500 Equal Weight Add +45.2% 2.43% +0.82
FXI iShares China Large-Cap ETF New 0.80% +0.80
USMV iShares MSCI USA Min Vol Fac Add +10.8% 4.19% +0.54
SCHF Schwab Intl Equity ETF Add +17.4% 2.46% +0.41
BRK.B Berkshire Hathaway Inc. Class B Add +11.6% 1.68% +0.36
RTX RTX Corp. Add +212.9% 0.50% +0.36
WMT Walmart Inc. Add +9.1% 2.03% +0.35
PSMT Pricesmart Inc. New 0.33% +0.33
XOM Exxon Mobil Corp. Add +8.0% 1.88% +0.33
D Dominion Energy Inc. New 0.33% +0.33
EMR Emerson Electric Co. Add +12.4% 1.41% +0.30
ORCL Oracle Corp. Add +6.6% 1.50% +0.28
SCHW Schwab (charles) Corp. Add +8.8% 2.36% +0.23
ITA iShares U.S. Aerospace & Def New 0.22% +0.22
QCOM Qualcomm Inc. Add +12.5% 0.97% +0.21
ABT Abbott Laboratories Add +24.7% 1.02% +0.20
GD General Dynamics Corp. Add +7.1% 1.74% +0.20
MSFT Microsoft Corp. Add +0.7% 2.22% +0.19
PFE Pfizer Inc. New 0.17% +0.17
CVX Chevron Corp. Add +3.5% 2.96% +0.17
GOOG Alphabet Inc. Class C New 0.13% +0.13
SCTXX Schwab Amt Tax FR MNY-Ultra Add +10.7% 1.73% +0.12
PYPL PayPal Holdings Inc. New 0.12% +0.12
ACN Accenture PLC Class A Add +11.0% 1.72% +0.10
IBM Intl Business Machines Corp. New 0.10% +0.10
BAC Bank of America Corp. New 0.09% +0.09
XLE SS Energy Select Sector Add +30.7% 0.21% +0.06
EXE Expand Energy Corp. Add +5.3% 0.39% +0.06
BG Bunge Global SA Add +4.5% 1.25% +0.03
HON Honeywell International Inc. Add +6.7% 1.98% +0.02
IWB iShares Russell 1000 ETF Add +0.2% 0.30% +0.02
DUK Duke Energy Corp. Add +4.9% 1.37% +0.02
CCI Crown Castle Inc. New 0.00% +0.00
ROK Rockwell Automation Inc. Add +1.7% 0.34% −0.03
SRE Sempra Add +0.1% 1.24% −0.09
INTC Intel Corp. Add +5.2% 2.02% −0.23

Options Activity Q4 2023 → Q1 2024
PFE Pfizer Inc. call New 9,500 $16K
AAPL Apple Inc. put Reduce -39.4% 2,000 $910

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$360.2MWFC, RSP, VUSB, SCHV, DMAY
Q1 2026 106$314.8MWFC, VUSB, SCHV, RSP, IAU
Q4 2025 104$299.8MVUSB, RSP, CLOX, IAU, SCHV
Q3 2025 107$284.4MVUSB, RSP, SCHV, DSEP, USMV
Q2 2025 95$230.1MUSMV, RSP, SCHV, IAU, DMAR
Q1 2025 83$225.0MSCHV, RSP, MBB, USMV, IAU
Q4 2024 93$222.6MSCHV, RSP, SCHG, USMV, IAU
Q3 2024 93$236.4MSCHV, IAU, RSP, USMV, SCHG
Q2 2024 92$216.2MSCHV, IAU, USMV, SCHG, VGK
Q1 2024 97$233.1MSCHV, DJAN, DMAR, USMV, IAU