Spectrum Asset Management, Inc. (NB/CA)

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), Spectrum Asset Management, Inc. (NB/CA) reported 92 stock positions worth $216.2 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 7.5% of the portfolio, followed by iShares Gold Trust (IAU, 4.7%) and iShares MSCI USA Min Vol Fac (USMV, 4.6%). Compared with Q1 2024, it opened 11 new positions, sold out of 16, added to 41 and reduced 30. The biggest buy was Vanguard Ftse Europe ETF (VGK, shares +94%) and the biggest sale FT Vest U.S. Equity Deep Buf (DJAN, shares −50%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0001632078
Portfolio Value
$216.2M (Q2 2024)
SEC Filing
0001632078-24-000006 ↗ filed Jul 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $233.1M Q1 2024 Q2 2024: $216.2M $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 92 stocks · $216.2M
SCHV Schwab US Large-Cap Value 7.46% 216,571 $16.1M Reduce -0.4%
IAU iShares Gold Trust 4.65% 228,904 $10.1M Reduce -0.4%
USMV iShares MSCI USA Min Vol Fac 4.57% 117,731 $9.9M Add +0.8%
SCHG Schwab US Large-Cap Growth 4.34% 93,025 $9.4M Add +1.3%
VGK Vanguard Ftse Europe ETF 3.49% 113,031 $7.5M Add +94.5%
DJAN FT Vest U.S. Equity Deep Buf 3.14% 182,776 $6.8M Reduce -50.4%
RSP Invesco S&P 500 Equal Weight 3.12% 41,053 $6.7M Add +22.6%
SCHF Schwab Intl Equity ETF 2.65% 147,503 $5.7M Add +0.5%
MSFT Microsoft Corp. 2.64% 12,771 $5.7M Add +3.9%
CVX Chevron Corp. 2.64% 36,433 $5.7M Reduce -16.7%
WMT Walmart Inc. 2.45% 78,351 $5.3M Reduce -0.2%
DMAR FT Vest US Equity Deep Buffe 2.38% 142,774 $5.1M Reduce -49.9%
SCHW Schwab (charles) Corp. 2.24% 65,596 $4.8M Reduce -13.8%
HON Honeywell International Inc. 2.23% 22,572 $4.8M Add +0.4%
DFEB FT Vest U.S. Equity Deep Buf 2.21% 118,314 $4.8M Reduce -50.5%
XOM Exxon Mobil Corp. 1.96% 36,777 $4.2M Reduce -2.5%
GD General Dynamics Corp. 1.92% 14,307 $4.2M Reduce -0.2%
ORCL Oracle Corp. 1.83% 28,003 $4.0M Add +0.5%
ABBV Abbvie Inc. 1.76% 22,170 $3.8M Add +3.3%
BRK.B Berkshire Hathaway Inc. Class B 1.68% 8,942 $3.6M Reduce -4.2%
ACN Accenture PLC Class A 1.64% 11,679 $3.5M Add +0.8%
DUK Duke Energy Corp. 1.53% 33,052 $3.3M Add +0.1%
MDT Medtronic PLC 1.49% 40,466 $3.2M Reduce -0.1%
EMR Emerson Electric Co. 1.47% 28,845 $3.2M Reduce -0.3%
BG Bunge Global SA 1.43% 28,920 $3.1M Add +1.9%
VZ Verizon Communications Inc. 1.41% 74,168 $3.1M Add +0.7%
CSCO Cisco Systems Inc. 1.40% 63,853 $3.0M Add +0.2%
INTC Intel Corp. 1.38% 96,379 $3.0M Reduce -9.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.36% 7,845 $2.9M Reduce -0.9%
LHX L3HARRIS Technologies Inc. 1.33% 12,813 $2.9M Reduce -20.8%
CEG Constellation Energy 1.29% 13,932 $2.8M New
IJR iShares Core S&P Small-Cap E 1.24% 25,225 $2.7M Add +1.1%
QCOM Qualcomm Inc. 1.24% 13,482 $2.7M Add +0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.13% 24,553 $2.4M Add +7.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.13% 35,693 $2.4M New
IJH iShares Core S&P Midcap ETF 1.11% 40,864 $2.4M Add +1.2%
ESGU iShares ESG Aware MSCI USA 1.08% 19,599 $2.3M Reduce -2.1%
VONE Vanguard Russell 1000 1.03% 9,021 $2.2M Reduce -2.0%
ABT Abbott Laboratories 1.01% 20,935 $2.2M Reduce -0.1%
ITA iShares U.S. Aerospace & Def 0.91% 14,935 $2.0M Add +278.6%
SCHB Schwab US Broad Market ETF 0.91% 31,266 $2.0M Reduce -16.4%
BWA Borgwarner Inc. 0.88% 59,141 $1.9M Add +0.2%
XLE SS Energy Select Sector 0.79% 18,812 $1.7M Add +262.5%
COST Costco Wholesale Corp. 0.76% 1,943 $1.7M Reduce -3.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.67% 2,633 $1.4M Add +3.7%
V Visa Inc. Class A 0.60% 4,917 $1.3M Add +0.1%
RTX RTX Corp. 0.55% 11,894 $1.2M Add +0.2%
OXY Occidental Petroleum Corp. 0.51% 17,393 $1.1M New
AAPL Apple Inc. 0.42% 4,349 $916K Reduce -65.5%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.40% 10,501 $863K Add +3.9%
GOOGL Alphabet Inc. Class A 0.40% 4,715 $859K Add +0.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.37% 16,809 $798K Reduce -0.6%
CLB Core Laboratories Inc. 0.37% 38,991 $791K New
TLT iShares 20+ Year Treasury BD 0.36% 8,370 $768K No change
D Dominion Energy Inc. 0.35% 15,412 $755K No change
ROK Rockwell Automation Inc. 0.34% 2,692 $741K No change
MMS Maximus Inc. 0.34% 8,644 $741K New
GEHC GE Healthcare Technology 0.34% 9,505 $741K Add +0.9%
DLR Digital Realty Trust Inc. 0.33% 4,658 $708K New
VEA Vanguard Ftse Developed ETF 0.31% 13,524 $668K Reduce -19.8%
MCD McDonald's Corp. 0.29% 2,473 $630K Add +36.3%
NKE Nike Inc. Class B 0.28% 8,120 $612K Add +103.8%
UNH Unitedhealth Group Inc. 0.27% 1,157 $589K Add +0.3%
MORN Morningstar Inc. 0.25% 1,803 $533K Add +0.2%
IBTH iShares Ibonds Dec 2027 Term 0.22% 21,152 $467K Add +2.0%
VTI VG Morningstar TS MKT ETF-US 0.20% 1,573 $422K No change
PFE Pfizer Inc. 0.19% 14,828 $415K Add +1.6%
DE Deere & Co. 0.19% 1,074 $403K Add +0.4%
SRE Sempra 0.19% 5,236 $401K Reduce -86.9%
GOOG Alphabet Inc. Class C 0.17% 2,035 $373K No change
MELI MercadoLibre Inc. 0.17% 221 $363K No change
DMAY FT Vest US Equity Deep Buffe 0.16% 9,205 $354K New
MCK McKesson Corp. 0.16% 600 $351K No change
MLPA Global X MLP ETF 0.16% 7,151 $347K Add +1.9%
PEP Pepsico Inc. 0.16% 2,062 $340K Add +41.3%
TXN Texas Instruments Inc. 0.15% 1,711 $333K Add +0.7%
IBTF iShares Ibonds Dec 2025 Term 0.15% 13,939 $324K Add +1.1%
IBTG iShares Ibonds Dec 2026 Term 0.15% 14,261 $323K Add +2.2%
ADBE Adobe Inc. 0.14% 551 $306K New
IVV iShares Core S&P 500 ETF 0.13% 527 $288K Reduce -0.6%
SPDW Ste STR SPDR PT DW Eu ETF 0.13% 7,921 $278K Add +0.5%
BEAT Heartbeam Inc. 0.13% 107,200 $276K Add +138.8%
AMD Advanced Micro Devices 0.12% 1,635 $265K New
SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION 0.12% 3,869 $262K No change
EW Edwards Lifesciences Corp. 0.11% 2,631 $243K New
GLD SPDR Gold Shares 0.11% 1,099 $236K Reduce -4.8%
PYPL PayPal Holdings Inc. 0.11% 4,030 $234K No change
EEFT Euronet Worldwide Inc. 0.11% 2,237 $232K New
NVDA Nvidia Corp. 0.10% 1,820 $225K Reduce -65.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 1,200 $208K No change
GOVT iShares US Treasury Bond ETF 0.09% 9,030 $204K Reduce -3.8%
TENON MEDICAL INC 0.02% 80,200 $49K Reduce -3.7%

Options reported separately and not counted above: PFE calls ($13K), DIS calls ($6K).

Portfolio Sells Q1 2024 → Q2 2024
DJAN FT Vest U.S. Equity Deep Buf Reduce -50.4% 3.14% −2.56
DMAR FT Vest US Equity Deep Buffe Reduce -49.9% 2.38% −1.89
DFEB FT Vest U.S. Equity Deep Buf Reduce -50.5% 2.21% −1.80
SCTXX Schwab Amt Tax FR MNY-Ultra Sold out 0.00% −1.73
SRE Sempra Reduce -86.9% 0.19% −1.06
FXI iShares China Large-Cap ETF Sold out 0.00% −0.80
COLD Americold Realty Trust Inc. Sold out 0.00% −0.76
INTC Intel Corp. Reduce -9.5% 1.38% −0.64
AAPL Apple Inc. Reduce -65.5% 0.42% −0.50
PSMT Pricesmart Inc. Sold out 0.00% −0.33
CVX Chevron Corp. Reduce -16.7% 2.64% −0.32
TSLA Tesla Inc. Sold out 0.00% −0.32
IWB iShares Russell 1000 ETF Sold out 0.00% −0.30
MAR Marriott International Class A Sold out 0.00% −0.22
LHX L3HARRIS Technologies Inc. Reduce -20.8% 1.33% −0.15
SCHW Schwab (charles) Corp. Reduce -13.8% 2.24% −0.13
NOC Northrop Grumman Corp. Sold out 0.00% −0.12
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −0.11
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.10
NVDA Nvidia Corp. Reduce -65.5% 0.10% −0.10
BAC Bank of America Corp. Sold out 0.00% −0.09
RY Royal Bank of Canada Sold out 0.00% −0.09
SCHB Schwab US Broad Market ETF Reduce -16.4% 0.91% −0.07
VEA Vanguard Ftse Developed ETF Reduce -19.8% 0.31% −0.05
CALIDI BIOTHERAPEUTICS INC Sold out 0.00% −0.04
MDT Medtronic PLC Reduce -0.1% 1.49% −0.04
SLB SLB Ltd. Reduce -0.6% 0.37% −0.03
VNRX Volitionrx Ltd. Sold out 0.00% −0.02
ABT Abbott Laboratories Reduce -0.1% 1.01% −0.02
ABERDEEN ASIA PACIFIC INCOM Sold out 0.00% −0.01
TENON MEDICAL INC Reduce -3.7% 0.02% −0.01
CCI Crown Castle Inc. Sold out 0.00% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.2% 1.68% −0.00
GOVT iShares US Treasury Bond ETF Reduce -3.8% 0.09% +0.00
GLD SPDR Gold Shares Reduce -4.8% 0.11% +0.01
IVV iShares Core S&P 500 ETF Reduce -0.6% 0.13% +0.01
EMR Emerson Electric Co. Reduce -0.3% 1.47% +0.06
XOM Exxon Mobil Corp. Reduce -2.5% 1.96% +0.08
VONE Vanguard Russell 1000 Reduce -2.0% 1.03% +0.09
ESGU iShares ESG Aware MSCI USA Reduce -2.1% 1.08% +0.09
COST Costco Wholesale Corp. Reduce -3.4% 0.76% +0.13
GD General Dynamics Corp. Reduce -0.2% 1.92% +0.18
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.9% 1.36% +0.19
SCHV Schwab US Large-Cap Value Reduce -0.4% 7.46% +0.38
WMT Walmart Inc. Reduce -0.2% 2.45% +0.42
IAU iShares Gold Trust Reduce -0.4% 4.65% +0.51

Portfolio Buys Q1 2024 → Q2 2024
VGK Vanguard Ftse Europe ETF Add +94.5% 3.49% +1.81
CEG Constellation Energy New 1.29% +1.29
XLU St Sr Utl SL SE SPDR ETF-Usd New 1.13% +1.13
SCHG Schwab US Large-Cap Growth Add +1.3% 4.34% +0.69
ITA iShares U.S. Aerospace & Def Add +278.6% 0.91% +0.69
RSP Invesco S&P 500 Equal Weight Add +22.6% 3.12% +0.69
XLE SS Energy Select Sector Add +262.5% 0.79% +0.58
OXY Occidental Petroleum Corp. New 0.51% +0.51
MSFT Microsoft Corp. Add +3.9% 2.64% +0.42
USMV iShares MSCI USA Min Vol Fac Add +0.8% 4.57% +0.39
CLB Core Laboratories Inc. New 0.37% +0.37
MMS Maximus Inc. New 0.34% +0.34
DLR Digital Realty Trust Inc. New 0.33% +0.33
ORCL Oracle Corp. Add +0.5% 1.83% +0.33
QCOM Qualcomm Inc. Add +0.5% 1.24% +0.27
HON Honeywell International Inc. Add +0.4% 2.23% +0.25
SCHF Schwab Intl Equity ETF Add +0.5% 2.65% +0.19
BG Bunge Global SA Add +1.9% 1.43% +0.18
DMAY FT Vest US Equity Deep Buffe New 0.16% +0.16
DUK Duke Energy Corp. Add +0.1% 1.53% +0.16
ADBE Adobe Inc. New 0.14% +0.14
AMD Advanced Micro Devices New 0.12% +0.12
NKE Nike Inc. Class B Add +103.8% 0.28% +0.12
EW Edwards Lifesciences Corp. New 0.11% +0.11
EEFT Euronet Worldwide Inc. New 0.11% +0.11
SPY SS SPDR S&P 500 ETF Trust-US Add +3.7% 0.67% +0.09
GOOGL Alphabet Inc. Class A Add +0.1% 0.40% +0.09
VZ Verizon Communications Inc. Add +0.7% 1.41% +0.09
BEAT Heartbeam Inc. Add +138.8% 0.13% +0.09
ABBV Abbvie Inc. Add +3.3% 1.76% +0.08
MCD McDonald's Corp. Add +36.3% 0.29% +0.07
IJR iShares Core S&P Small-Cap E Add +1.1% 1.24% +0.06
RTX RTX Corp. Add +0.2% 0.55% +0.06
IJH iShares Core S&P Midcap ETF Add +1.2% 1.11% +0.05
PEP Pepsico Inc. Add +41.3% 0.16% +0.05
CSCO Cisco Systems Inc. Add +0.2% 1.40% +0.04
UNH Unitedhealth Group Inc. Add +0.3% 0.27% +0.03
TXN Texas Instruments Inc. Add +0.7% 0.15% +0.03
IBTH iShares Ibonds Dec 2027 Term Add +2.0% 0.22% +0.02
PFE Pfizer Inc. Add +1.6% 0.19% +0.02
MLPA Global X MLP ETF Add +1.9% 0.16% +0.02
EXE Expand Energy Corp. Add +3.9% 0.40% +0.01
IBTG iShares Ibonds Dec 2026 Term Add +2.2% 0.15% +0.01
IBTF iShares Ibonds Dec 2025 Term Add +1.1% 0.15% +0.01
V Visa Inc. Class A Add +0.1% 0.60% +0.01
MORN Morningstar Inc. Add +0.2% 0.25% +0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +0.5% 0.13% +0.01
BWA Borgwarner Inc. Add +0.2% 0.88% +0.00
DE Deere & Co. Add +0.4% 0.19% −0.00
GEHC GE Healthcare Technology Add +0.9% 0.34% −0.02

Options Activity Q1 2024 → Q2 2024
AAPL Apple Inc. put Sold out 2,000 $910before exit

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

Notes & Other Activity Q1 2024 → Q2 2024
TNONW Tenon Medical Inc.-28 *W EXP 06/16/202 Sold out 1,070,000 $63Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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