Spectrum Asset Management, Inc. (NB/CA)
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Spectrum Asset Management, Inc. (NB/CA) reported 93 stock positions worth $222.6 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 6.8% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 6.4%) and Schwab US Large-Cap Growth (SCHG, 4.7%). Compared with Q3 2024, it opened 9 new positions, sold out of 9, added to 41 and reduced 30. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +21%) and the biggest sale iShares Gold Trust (IAU, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- NEWPORT BEACH, CA
- CIK
- 0001632078
- Portfolio Value
- $222.6M (Q4 2024)
- SEC Filing
- 0001632078-25-000002 ↗ filed Jan 28, 2025
Holdings Value
Holdings 93 stocks · $222.6M
| SCHV Schwab US Large-Cap Value | 6.82% | 582,529 | $15.2M | Reduce -2.0% |
| RSP Invesco S&P 500 Equal Weight | 6.36% | 80,718 | $14.1M | Add +20.6% |
| SCHG Schwab US Large-Cap Growth | 4.66% | 372,331 | $10.4M | Add +0.5% |
| USMV iShares MSCI USA Min Vol Fac | 4.49% | 112,435 | $10.0M | Reduce -5.2% |
| IAU iShares Gold Trust | 3.37% | 151,377 | $7.5M | Reduce -39.4% |
| DSEP FT Vest U.S. Equity Deep Buf | 3.11% | 170,646 | $6.9M | Reduce -0.7% |
| SCHF Schwab Intl Equity ETF | 2.59% | 311,754 | $5.8M | Add +7.0% |
| DMAR FT Vest US Equity Deep Buffe | 2.39% | 139,471 | $5.3M | Reduce -1.7% |
| WMT Walmart Inc. | 2.39% | 58,691 | $5.3M | Reduce -25.2% |
| MSFT Microsoft Corp. | 2.34% | 12,348 | $5.2M | Reduce -4.9% |
| HON Honeywell International Inc. | 2.28% | 22,487 | $5.1M | Add +0.3% |
| DFEB FT Vest U.S. Equity Deep Buf | 2.20% | 114,701 | $4.9M | Reduce -1.6% |
| SCHW Schwab (charles) Corp. | 2.18% | 65,631 | $4.9M | Add +0.7% |
| CVX Chevron Corp. | 2.14% | 32,861 | $4.8M | Add +0.7% |
| ORCL Oracle Corp. | 2.12% | 28,270 | $4.7M | Add +0.3% |
| VGK Vanguard Ftse Europe ETF | 2.00% | 70,004 | $4.4M | Reduce -38.9% |
| ACN Accenture PLC Class A | 1.86% | 11,742 | $4.1M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.84% | 9,040 | $4.1M | Add +1.0% |
| EWJ iShares MSCI Japan ETF | 1.78% | 58,931 | $4.0M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 1.72% | 64,793 | $3.8M | Add +1.0% |
| ABBV Abbvie Inc. | 1.67% | 20,872 | $3.7M | Reduce -5.4% |
| DUK Duke Energy Corp. | 1.66% | 34,337 | $3.7M | Add +0.4% |
| EMR Emerson Electric Co. | 1.61% | 28,968 | $3.6M | Add +0.5% |
| CEG Constellation Energy | 1.55% | 15,457 | $3.5M | Add +1.9% |
| LHX L3HARRIS Technologies Inc. | 1.50% | 15,867 | $3.3M | Add +5.8% |
| MDT Medtronic PLC | 1.49% | 41,294 | $3.3M | Add +2.1% |
| XOM Exxon Mobil Corp. | 1.47% | 30,333 | $3.3M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 1.43% | 6,304 | $3.2M | Add +5.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.37% | 7,428 | $3.0M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.35% | 26,819 | $3.0M | Add +6.9% |
| VZ Verizon Communications Inc. | 1.34% | 74,490 | $3.0M | Add +0.4% |
| ABT Abbott Laboratories | 1.32% | 26,019 | $2.9M | Add +0.5% |
| ULTA Ulta Beauty Inc. | 1.24% | 6,345 | $2.8M | Add +1.0% |
| EW Edwards Lifesciences Corp. | 1.19% | 35,633 | $2.6M | Reduce -6.4% |
| IJH iShares Core S&P Midcap ETF | 1.16% | 41,481 | $2.6M | Add +1.9% |
| ESGU iShares ESG Aware MSCI USA | 1.14% | 19,703 | $2.5M | Add +1.9% |
| ITA iShares U.S. Aerospace & Def | 0.98% | 14,968 | $2.2M | Add +1.9% |
| SCHB Schwab US Broad Market ETF | 0.94% | 92,050 | $2.1M | Add +1.2% |
| SCJ iShares MSCI Japan Small-Cap | 0.94% | 28,514 | $2.1M | New |
| BWA Borgwarner Inc. | 0.85% | 59,268 | $1.9M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.84% | 2,048 | $1.9M | Add +0.1% |
| URA Global X Uranium ETF | 0.83% | 67,199 | $1.8M | Add +2.3% |
| XLE SS Energy Select Sector | 0.77% | 19,903 | $1.7M | Add +3.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.70% | 34,639 | $1.6M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 2,555 | $1.5M | Add +0.0% |
| RTX RTX Corp. | 0.60% | 11,527 | $1.3M | Add +0.2% |
| AAPL Apple Inc. | 0.49% | 4,356 | $1.1M | Reduce -0.3% |
| DNOV FT Vest US Equity Deep Buffe | 0.48% | 24,800 | $1.1M | New |
| VRT Vertiv Holdings Co. Class A | 0.47% | 9,160 | $1.0M | No change |
| ESLT Elbit Systems Ltd. | 0.44% | 3,810 | $985K | No change |
| GOOGL Alphabet Inc. Class A | 0.42% | 4,945 | $936K | Reduce -8.1% |
| PAYC Paycom Software Inc. | 0.40% | 4,381 | $898K | New |
| VONE Vanguard Russell 1000 | 0.40% | 3,348 | $893K | Reduce -0.7% |
| ROK Rockwell Automation Inc. | 0.33% | 2,562 | $732K | No change |
| TLT iShares 20+ Year Treasury BD | 0.33% | 8,370 | $731K | No change |
| GEHC GE Healthcare Technology | 0.32% | 9,048 | $707K | No change |
| GD General Dynamics Corp. | 0.31% | 2,597 | $684K | Reduce -84.2% |
| LSTR Landstar System Inc. | 0.30% | 3,865 | $664K | New |
| MU Micron Technology Inc. | 0.30% | 7,812 | $658K | Reduce -1.3% |
| HAL Halliburton Co. | 0.29% | 23,685 | $644K | New |
| MCD McDonald's Corp. | 0.29% | 2,215 | $642K | Add +0.4% |
| CLB Core Laboratories Inc. | 0.29% | 37,071 | $642K | Reduce -2.2% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 13,404 | $641K | Reduce -0.0% |
| V Visa Inc. Class A | 0.28% | 1,971 | $623K | Add +0.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.28% | 16,003 | $618K | Add +0.1% |
| MORN Morningstar Inc. | 0.27% | 1,807 | $609K | Add +0.1% |
| DJUL FT Vest US Equity Deep Buffe | 0.21% | 10,970 | $461K | No change |
| DE Deere & Co. | 0.21% | 1,082 | $460K | Add +0.4% |
| IBTH iShares Ibonds Dec 2027 Term | 0.21% | 20,726 | $460K | Add +0.2% |
| SRE Sempra | 0.21% | 5,183 | $458K | Reduce -1.8% |
| PFE Pfizer Inc. | 0.20% | 16,799 | $446K | Add +2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 1,498 | $434K | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 0.19% | 2,247 | $428K | Reduce -16.6% |
| DMAY FT Vest US Equity Deep Buffe | 0.17% | 9,205 | $375K | No change |
| MLPA Global X MLP ETF | 0.16% | 7,421 | $367K | Add +1.8% |
| PYPL PayPal Holdings Inc. | 0.15% | 4,020 | $343K | No change |
| MCK McKesson Corp. | 0.15% | 600 | $342K | No change |
| PEP Pepsico Inc. | 0.14% | 2,077 | $319K | No change |
| IBTG iShares Ibonds Dec 2026 Term | 0.14% | 13,956 | $318K | Reduce -0.1% |
| IBTF iShares Ibonds Dec 2025 Term | 0.13% | 12,139 | $283K | Reduce -11.5% |
| VEEV Veeva Systems Inc. Class A | 0.12% | 1,315 | $276K | No change |
| IVV iShares Core S&P 500 ETF | 0.12% | 468 | $276K | Reduce -10.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 7,922 | $270K | Add +0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 1,200 | $264K | No change |
| NVDA Nvidia Corp. | 0.12% | 1,935 | $260K | Add +6.3% |
| GLD SPDR Gold Shares | 0.11% | 1,027 | $249K | Reduce -5.2% |
| ADBE Adobe Inc. | 0.11% | 551 | $245K | No change |
| MELI MercadoLibre Inc. | 0.11% | 142 | $241K | Reduce -35.8% |
| DOCT FT Vest U.S. Equity Deep Buf | 0.11% | 5,975 | $235K | New |
| TSLA Tesla Inc. | 0.10% | 563 | $227K | New |
| AMZN Amazon.com Inc. | 0.09% | 955 | $210K | New |
| BEAT Heartbeam Inc. | 0.08% | 74,400 | $171K | Add +36.8% |
| TENON MEDICAL INC | 0.02% | 25,650 | $48K | Add +155.9% |
Options reported separately and not counted above: AAPL puts ($394).
Other holdings (1): bonds, preferreds, convertibles and warrants · $14K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | 1,070,000 | $14K | No change |
Total filed on the 13F, all lines: $222.6M.
Portfolio Sells Q3 2024 → Q4 2024
| IAU iShares Gold Trust | Reduce -39.4% | 3.37% | −1.88 |
| GD General Dynamics Corp. | Reduce -84.2% | 0.31% | −1.79 |
| VGK Vanguard Ftse Europe ETF | Reduce -38.9% | 2.00% | −1.45 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −1.20 |
| SCTXX Schwab Amt Tax FR MNY-Ultra | Sold out | 0.00% | −0.49 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.32 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.32 |
| EWQ iShares MSCI France ETF | Sold out | 0.00% | −0.31 |
| WMT Walmart Inc. | Reduce -25.2% | 2.39% | −0.29 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.25 |
| ABBV Abbvie Inc. | Reduce -5.4% | 1.67% | −0.18 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.15 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.12 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.2% | 4.49% | −0.09 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.09 |
| MELI MercadoLibre Inc. | Reduce -35.8% | 0.11% | −0.08 |
| BWA Borgwarner Inc. | Reduce -0.3% | 0.85% | −0.07 |
| MU Micron Technology Inc. | Reduce -1.3% | 0.30% | −0.05 |
| MSFT Microsoft Corp. | Reduce -4.9% | 2.34% | −0.03 |
| EWJ iShares MSCI Japan ETF | Reduce -0.4% | 1.78% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.0% | 0.29% | −0.01 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -11.5% | 0.13% | −0.01 |
| CLB Core Laboratories Inc. | Reduce -2.2% | 0.29% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -10.5% | 0.12% | −0.00 |
| GLD SPDR Gold Shares | Reduce -5.2% | 0.11% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -16.6% | 0.19% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -0.1% | 0.14% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.1% | 0.20% | +0.01 |
| SRE Sempra | Reduce -1.8% | 0.21% | +0.02 |
| VONE Vanguard Russell 1000 | Reduce -0.7% | 0.40% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -8.1% | 0.42% | +0.04 |
| AAPL Apple Inc. | Reduce -0.3% | 0.49% | +0.06 |
| ACN Accenture PLC Class A | Reduce -1.1% | 1.86% | +0.08 |
| SCHV Schwab US Large-Cap Value | Reduce -2.0% | 6.82% | +0.08 |
| EW Edwards Lifesciences Corp. | Reduce -6.4% | 1.19% | +0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.6% | 1.37% | +0.13 |
| DFEB FT Vest U.S. Equity Deep Buf | Reduce -1.6% | 2.20% | +0.14 |
| DMAR FT Vest US Equity Deep Buffe | Reduce -1.7% | 2.39% | +0.15 |
| DSEP FT Vest U.S. Equity Deep Buf | Reduce -0.7% | 3.11% | +0.20 |
Portfolio Buys Q3 2024 → Q4 2024
| RSP Invesco S&P 500 Equal Weight | Add +20.6% | 6.36% | +1.28 |
| SCJ iShares MSCI Japan Small-Cap | New | 0.94% | +0.94 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.70% | +0.70 |
| SCHG Schwab US Large-Cap Growth | Add +0.5% | 4.66% | +0.58 |
| DNOV FT Vest US Equity Deep Buffe | New | 0.48% | +0.48 |
| PAYC Paycom Software Inc. | New | 0.40% | +0.40 |
| SCHW Schwab (charles) Corp. | Add +0.7% | 2.18% | +0.40 |
| DIS The Walt Disney Co. | Add +6.9% | 1.35% | +0.33 |
| HON Honeywell International Inc. | Add +0.3% | 2.28% | +0.32 |
| LSTR Landstar System Inc. | New | 0.30% | +0.30 |
| HAL Halliburton Co. | New | 0.29% | +0.29 |
| EMR Emerson Electric Co. | Add +0.5% | 1.61% | +0.28 |
| CSCO Cisco Systems Inc. | Add +1.0% | 1.72% | +0.28 |
| ULTA Ulta Beauty Inc. | Add +1.0% | 1.24% | +0.21 |
| ESGU iShares ESG Aware MSCI USA | Add +1.9% | 1.14% | +0.11 |
| DOCT FT Vest U.S. Equity Deep Buf | New | 0.11% | +0.11 |
| CVX Chevron Corp. | Add +0.7% | 2.14% | +0.11 |
| TSLA Tesla Inc. | New | 0.10% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 1.84% | +0.10 |
| AMZN Amazon.com Inc. | New | 0.09% | +0.09 |
| IJH iShares Core S&P Midcap ETF | Add +1.9% | 1.16% | +0.09 |
| SCHB Schwab US Broad Market ETF | Add +1.2% | 0.94% | +0.09 |
| ORCL Oracle Corp. | Add +0.3% | 2.12% | +0.08 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.84% | +0.08 |
| ABT Abbott Laboratories | Add +0.5% | 1.32% | +0.07 |
| SCHF Schwab Intl Equity ETF | Add +7.0% | 2.59% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 0.67% | +0.05 |
| V Visa Inc. Class A | Add +0.1% | 0.28% | +0.05 |
| XLE SS Energy Select Sector | Add +3.4% | 0.77% | +0.05 |
| ITA iShares U.S. Aerospace & Def | Add +1.9% | 0.98% | +0.05 |
| URA Global X Uranium ETF | Add +2.3% | 0.83% | +0.04 |
| MORN Morningstar Inc. | Add +0.1% | 0.27% | +0.03 |
| BEAT Heartbeam Inc. | Add +36.8% | 0.08% | +0.02 |
| NVDA Nvidia Corp. | Add +6.3% | 0.12% | +0.02 |
| MLPA Global X MLP ETF | Add +1.8% | 0.16% | +0.02 |
| DE Deere & Co. | Add +0.4% | 0.21% | +0.02 |
| RTX RTX Corp. | Add +0.2% | 0.60% | +0.01 |
| IBTH iShares Ibonds Dec 2027 Term | Add +0.2% | 0.21% | +0.01 |
| MCD McDonald's Corp. | Add +0.4% | 0.29% | +0.00 |
| TENON MEDICAL INC | Add +155.9% | 0.02% | +0.00 |
| PFE Pfizer Inc. | Add +2.8% | 0.20% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +0.0% | 0.12% | −0.00 |
| DUK Duke Energy Corp. | Add +0.4% | 1.66% | −0.01 |
| SLB SLB Ltd. | Add +0.1% | 0.28% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Add +5.8% | 1.50% | −0.01 |
| XOM Exxon Mobil Corp. | Add +1.1% | 1.47% | −0.02 |
| UNH Unitedhealth Group Inc. | Add +5.9% | 1.43% | −0.04 |
| MDT Medtronic PLC | Add +2.1% | 1.49% | −0.06 |
| VZ Verizon Communications Inc. | Add +0.4% | 1.34% | −0.07 |
| CEG Constellation Energy | Add +1.9% | 1.55% | −0.12 |
Options Activity Q3 2024 → Q4 2024
| DIS The Walt Disney Co. | call | Sold out | 12,000 | $17Kbefore exit |
| PFE Pfizer Inc. | call | Sold out | 9,500 | $11Kbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 17,000 | $2Kbefore exit |
| AAPL Apple Inc. | put | New | 200 | $394 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 112 | $360.2M | WFC, RSP, VUSB, SCHV, DMAY |
| Q1 2026 | 106 | $314.8M | WFC, VUSB, SCHV, RSP, IAU |
| Q4 2025 | 104 | $299.8M | VUSB, RSP, CLOX, IAU, SCHV |
| Q3 2025 | 107 | $284.4M | VUSB, RSP, SCHV, DSEP, USMV |
| Q2 2025 | 95 | $230.1M | USMV, RSP, SCHV, IAU, DMAR |
| Q1 2025 | 83 | $225.0M | SCHV, RSP, MBB, USMV, IAU |
| Q4 2024 | 93 | $222.6M | SCHV, RSP, SCHG, USMV, IAU |
| Q3 2024 | 93 | $236.4M | SCHV, IAU, RSP, USMV, SCHG |
| Q2 2024 | 92 | $216.2M | SCHV, IAU, USMV, SCHG, VGK |
| Q1 2024 | 97 | $233.1M | SCHV, DJAN, DMAR, USMV, IAU |