Spectrum Asset Management, Inc. (NB/CA)
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), Spectrum Asset Management, Inc. (NB/CA) reported 106 stock positions worth $314.8 million. Its top holding was Wells Fargo (WFC) at 10.5% of the portfolio, followed by Vanguard Ultra Short Bond Et (VUSB, 7.4%) and Schwab US Large-Cap Value (SCHV, 4.6%). Compared with Q4 2025, it opened 17 new positions, sold out of 15, added to 39 and reduced 37. The biggest buy was a new position in Wells Fargo (WFC) and the biggest sale Eldridge Aaa Clo ETF (CLOX, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- NEWPORT BEACH, CA
- CIK
- 0001632078
- Portfolio Value
- $314.8M (Q1 2026)
- SEC Filing
- 0001632078-26-000005 ↗ filed Apr 22, 2026
Holdings Value
Holdings 106 stocks · $314.8M
| WFC Wells Fargo & Co. | 10.49% | 414,694 | $33.0M | New |
| VUSB Vanguard Ultra Short Bond Et | 7.38% | 466,556 | $23.2M | Add +3.1% |
| SCHV Schwab US Large-Cap Value | 4.60% | 475,103 | $14.5M | Add +16.2% |
| RSP Invesco S&P 500 Equal Weight | 4.56% | 74,837 | $14.4M | Add +2.2% |
| IAU iShares Gold Trust | 4.49% | 160,326 | $14.1M | Reduce -4.9% |
| DSEP FT Vest U.S. Equity Deep Buf | 3.57% | 255,370 | $11.2M | Reduce -1.7% |
| DMAR FT Vest US Equity Deep Buffe | 3.34% | 248,216 | $10.5M | Add +5.7% |
| HECA Hedgeye Capital Allocat ETF | 3.18% | 346,494 | $10.0M | Add +95.2% |
| XOM Exxon Mobil Corp. | 2.18% | 40,452 | $6.9M | Add +4.1% |
| YMAR FT VT Int Equ M B- Mar-US I | 2.18% | 250,672 | $6.9M | New |
| DFEB FT Vest U.S. Equity Deep Buf | 2.17% | 144,016 | $6.8M | Add +3.3% |
| CVX Chevron Corp. | 2.12% | 32,319 | $6.7M | Add +7.5% |
| DMAY FT Vest US Equity Deep Buffe | 1.92% | 134,686 | $6.1M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 1.73% | 18,948 | $5.4M | Reduce -1.1% |
| DDEC FT Vest U.S. Equity Deep Buf | 1.68% | 119,203 | $5.3M | Reduce -0.7% |
| SCHG Schwab US Large-Cap Growth | 1.61% | 174,423 | $5.1M | Reduce -18.4% |
| WMT Walmart Inc. | 1.60% | 40,544 | $5.0M | Reduce -9.1% |
| EME Emcor Group Inc. | 1.49% | 6,349 | $4.7M | Reduce -0.4% |
| USMV iShares MSCI USA Min Vol Fac | 1.45% | 49,279 | $4.6M | Reduce -59.9% |
| LHX L3HARRIS Technologies Inc. | 1.40% | 12,733 | $4.4M | Add +0.1% |
| CSCO Cisco Systems Inc. | 1.36% | 55,147 | $4.3M | Reduce -11.0% |
| SCHF Schwab Intl Equity ETF | 1.33% | 169,543 | $4.2M | Reduce -26.6% |
| NVS Novartis AG-Sponsored ADR | 1.28% | 26,275 | $4.0M | Reduce -0.1% |
| HON Honeywell International Inc. | 1.27% | 17,720 | $4.0M | Reduce -14.6% |
| ABBV Abbvie Inc. | 1.25% | 18,130 | $3.9M | Add +0.3% |
| DUK Duke Energy Corp. | 1.23% | 29,518 | $3.9M | Add +0.0% |
| MSFT Microsoft Corp. | 1.20% | 10,224 | $3.8M | Reduce -15.1% |
| SCHW Schwab (charles) Corp. | 1.20% | 40,038 | $3.8M | Add +0.0% |
| XLE SS Energy Select Sector | 1.14% | 58,671 | $3.6M | Add +5.1% |
| AAAU Goldman Sachs Physical Gold | 1.13% | 77,204 | $3.6M | Add +9.1% |
| SCHR Schwab Intermediate-Term US | 1.10% | 139,109 | $3.5M | Reduce -38.1% |
| SCJ iShares MSCI Japan Small-Cap | 1.05% | 33,898 | $3.3M | Add +1.1% |
| FCX Freeport-McMoran Inc. | 1.01% | 54,312 | $3.2M | New |
| MDT Medtronic PLC | 1.01% | 36,227 | $3.2M | Add +0.1% |
| EMR Emerson Electric Co. | 0.99% | 23,818 | $3.1M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.98% | 6,445 | $3.1M | Reduce -10.2% |
| CLOX Eldridge Aaa Clo ETF | 0.94% | 115,403 | $3.0M | Reduce -78.9% |
| EW Edwards Lifesciences Corp. | 0.92% | 35,995 | $2.9M | Add +0.6% |
| ILMN Illumina Inc. | 0.88% | 22,436 | $2.8M | New |
| LIN Linde PLC | 0.75% | 4,732 | $2.3M | Add +0.4% |
| ORCL Oracle Corp. | 0.74% | 15,888 | $2.3M | Reduce -10.3% |
| ESGU iShares ESG Aware MSCI USA | 0.73% | 16,331 | $2.3M | Add +7.8% |
| SCHB Schwab US Broad Market ETF | 0.72% | 89,859 | $2.3M | Add +11.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.70% | 3,393 | $2.2M | Add +22.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.68% | 3 | $2.2M | No change |
| DJAN FT Vest U.S. Equity Deep Buf | 0.55% | 40,692 | $1.7M | New |
| GOOGL Alphabet Inc. Class A | 0.49% | 5,357 | $1.5M | Add +6.7% |
| COST Costco Wholesale Corp. | 0.45% | 1,412 | $1.4M | Reduce -5.4% |
| MCK McKesson Corp. | 0.44% | 1,600 | $1.4M | No change |
| DNOV FT Vest US Equity Deep Buffe | 0.43% | 28,381 | $1.4M | No change |
| RTX RTX Corp. | 0.40% | 6,519 | $1.3M | Reduce -6.5% |
| AAPL Apple Inc. | 0.38% | 4,742 | $1.2M | Add +11.1% |
| V Visa Inc. Class A | 0.37% | 3,832 | $1.2M | Add +0.1% |
| SOLS Solstice Adv Materials Inc. | 0.36% | 14,993 | $1.1M | Add +219.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 2,220 | $970K | Reduce -34.4% |
| AMZN Amazon.com Inc. | 0.26% | 3,989 | $831K | Add +145.8% |
| EWZ iShares MSCI Brazil ETF | 0.26% | 21,534 | $827K | Reduce -77.6% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 6,167 | $767K | New |
| VEA Vanguard Ftse Developed ETF | 0.24% | 11,587 | $742K | Reduce -5.7% |
| ESLT Elbit Systems Ltd. | 0.24% | 872 | $740K | Reduce -39.3% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 2,577 | $733K | Add +133.2% |
| TLT iShares 20+ Year Treasury BD | 0.23% | 8,370 | $726K | No change |
| GEV GE Vernova Inc. | 0.23% | 825 | $721K | New |
| EWW iShares MSCI Mexico ETF | 0.22% | 9,286 | $699K | Reduce -78.8% |
| DOCT FT Vest U.S. Equity Deep Buf | 0.21% | 15,460 | $671K | No change |
| MCD McDonald's Corp. | 0.21% | 2,152 | $669K | Add +0.3% |
| DE Deere & Co. | 0.20% | 1,130 | $638K | Add +0.3% |
| IBTH iShares Ibonds Dec 2027 Term | 0.20% | 27,990 | $628K | Reduce -1.8% |
| VONE Vanguard Russell 1000 | 0.19% | 2,044 | $603K | Reduce -5.1% |
| FNV Franco-Nevada Corp. | 0.18% | 2,344 | $579K | Reduce -4.7% |
| MRVL Marvell Technology Inc. | 0.17% | 5,403 | $535K | New |
| PFE Pfizer Inc. | 0.17% | 18,597 | $522K | Add +1.1% |
| GD General Dynamics Corp. | 0.15% | 1,410 | $484K | New |
| BWXT BWX Technologies Inc. | 0.15% | 2,322 | $475K | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.15% | 356 | $470K | Reduce -29.1% |
| SRE Sempra | 0.15% | 4,778 | $467K | Add +0.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.15% | 5,025 | $460K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 1,356 | $435K | Reduce -3.7% |
| CAT Caterpillar Inc. | 0.14% | 611 | $433K | Add +49.0% |
| MLPA Global X MLP ETF | 0.14% | 7,962 | $429K | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.13% | 449 | $413K | Reduce -3.4% |
| IVV iShares Core S&P 500 ETF | 0.12% | 581 | $380K | Add +15.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.12% | 16,375 | $375K | Reduce -14.9% |
| GLD SPDR Gold Shares | 0.12% | 872 | $375K | Reduce -11.7% |
| TSLA Tesla Inc. | 0.12% | 978 | $364K | No change |
| NVDA Nvidia Corp. | 0.11% | 2,058 | $359K | Add +0.3% |
| NEM Newmont Corp. | 0.11% | 3,153 | $341K | New |
| PEP Pepsico Inc. | 0.11% | 2,192 | $340K | Add +1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.11% | 1,650 | $335K | New |
| IBTI iShares Ibonds Dec 2028 Term | 0.10% | 14,692 | $327K | Add +6.4% |
| MORN Morningstar Inc. | 0.10% | 1,824 | $308K | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 1,200 | $291K | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.09% | 634 | $283K | No change |
| DAPR FT Vest U.S. Equity Deep Buf | 0.09% | 6,965 | $277K | No change |
| DJUL FT Vest US Equity Deep Buffe | 0.09% | 5,845 | $273K | No change |
| IWB iShares Russell 1000 ETF | 0.08% | 747 | $266K | Add +26.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.08% | 5,522 | $252K | Reduce -0.3% |
| ANET Arista Networks Inc. | 0.08% | 2,029 | $249K | Reduce -7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 5,002 | $244K | Add +0.4% |
| MO Altria Group Inc. | 0.07% | 3,405 | $228K | New |
| META Meta Platforms Inc. Class A | 0.06% | 356 | $204K | New |
| EFV iShares MSCI Eafe Value ETF | 0.06% | 2,734 | $203K | New |
| EIX Edison International | 0.06% | 2,749 | $201K | New |
| BEAT Heartbeam Inc. | 0.04% | 94,400 | $115K | No change |
| LDI Loandepot Inc. Class A | 0.00% | 10,000 | $14K | No change |
| TENON MEDICAL INC | 0.00% | 10,650 | $8K | No change |
Options reported separately and not counted above: NVDA puts ($9K), AAPL puts ($2K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $5K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | 679,420 | $5K | No change |
Total filed on the 13F, all lines: $314.8M.
Portfolio Sells Q4 2025 → Q1 2026
| CLOX Eldridge Aaa Clo ETF | Reduce -78.9% | 0.94% | −3.71 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -59.9% | 1.45% | −2.40 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −2.04 |
| VYMI Vanguard Int High DVD YLD Inc. | Sold out | 0.00% | −1.90 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.91 |
| EWW iShares MSCI Mexico ETF | Reduce -78.8% | 0.22% | −0.79 |
| SCHR Schwab Intermediate-Term US | Reduce -38.1% | 1.10% | −0.78 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.77 |
| EWZ iShares MSCI Brazil ETF | Reduce -77.6% | 0.26% | −0.76 |
| MSFT Microsoft Corp. | Reduce -15.1% | 1.20% | −0.74 |
| SCHG Schwab US Large-Cap Growth | Reduce -18.4% | 1.61% | −0.71 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.64 |
| SCHF Schwab Intl Equity ETF | Reduce -26.6% | 1.33% | −0.52 |
| ORCL Oracle Corp. | Reduce -10.3% | 0.74% | −0.41 |
| DSEP FT Vest U.S. Equity Deep Buf | Reduce -1.7% | 3.57% | −0.32 |
| GOOG Alphabet Inc. Class C | Reduce -1.1% | 1.73% | −0.28 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -34.4% | 0.31% | −0.24 |
| CSCO Cisco Systems Inc. | Reduce -11.0% | 1.36% | −0.23 |
| CIBR First Trust Nasdaq Cybersecu | Sold out | 0.00% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.2% | 0.98% | −0.22 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.21 |
| JOF Japan Smaller Capitalization | Sold out | 0.00% | −0.17 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.17 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.16 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.15 |
| DDEC FT Vest U.S. Equity Deep Buf | Reduce -0.7% | 1.68% | −0.13 |
| DMAY FT Vest US Equity Deep Buffe | Reduce -0.6% | 1.92% | −0.12 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.09 |
| HON Honeywell International Inc. | Reduce -14.6% | 1.27% | −0.08 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.08 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.07 |
| IAU iShares Gold Trust | Reduce -4.9% | 4.49% | −0.07 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.07 |
| EMR Emerson Electric Co. | Reduce -0.2% | 0.99% | −0.07 |
| WMT Walmart Inc. | Reduce -9.1% | 1.60% | −0.05 |
| ESLT Elbit Systems Ltd. | Reduce -39.3% | 0.24% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -3.4% | 0.13% | −0.04 |
| VONE Vanguard Russell 1000 | Reduce -5.1% | 0.19% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -29.1% | 0.15% | −0.03 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -14.9% | 0.12% | −0.03 |
| RTX RTX Corp. | Reduce -6.5% | 0.40% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.7% | 0.24% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.7% | 0.14% | −0.02 |
| ANET Arista Networks Inc. | Reduce -7.7% | 0.08% | −0.02 |
| IBTH iShares Ibonds Dec 2027 Term | Reduce -1.8% | 0.20% | −0.01 |
| GLD SPDR Gold Shares | Reduce -11.7% | 0.12% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.3% | 0.08% | −0.00 |
| MLPA Global X MLP ETF | Reduce -0.3% | 0.14% | +0.01 |
| FNV Franco-Nevada Corp. | Reduce -4.7% | 0.18% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -5.4% | 0.45% | +0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| WFC Wells Fargo & Co. | New | 10.49% | +10.49 |
| YMAR FT VT Int Equ M B- Mar-US I | New | 2.18% | +2.18 |
| HECA Hedgeye Capital Allocat ETF | Add +95.2% | 3.18% | +1.54 |
| FCX Freeport-McMoran Inc. | New | 1.01% | +1.01 |
| ILMN Illumina Inc. | New | 0.88% | +0.88 |
| XOM Exxon Mobil Corp. | Add +4.1% | 2.18% | +0.62 |
| CVX Chevron Corp. | Add +7.5% | 2.12% | +0.60 |
| SCHV Schwab US Large-Cap Value | Add +16.2% | 4.60% | +0.56 |
| DJAN FT Vest U.S. Equity Deep Buf | New | 0.55% | +0.55 |
| XLE SS Energy Select Sector | Add +5.1% | 1.14% | +0.31 |
| SOLS Solstice Adv Materials Inc. | Add +219.1% | 0.36% | +0.29 |
| IJR iShares Core S&P Small-Cap E | New | 0.24% | +0.24 |
| GEV GE Vernova Inc. | New | 0.23% | +0.23 |
| MRVL Marvell Technology Inc. | New | 0.17% | +0.17 |
| GD General Dynamics Corp. | New | 0.15% | +0.15 |
| BWXT BWX Technologies Inc. | New | 0.15% | +0.15 |
| LHX L3HARRIS Technologies Inc. | Add +0.1% | 1.40% | +0.15 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.15% | +0.15 |
| AMZN Amazon.com Inc. | Add +145.8% | 0.26% | +0.14 |
| AAAU Goldman Sachs Physical Gold | Add +9.1% | 1.13% | +0.13 |
| GE General Electric | Add +133.2% | 0.23% | +0.12 |
| NEM Newmont Corp. | New | 0.11% | +0.11 |
| AEM Agnico Eagle Mines Ltd. | New | 0.11% | +0.11 |
| DMAR FT Vest US Equity Deep Buffe | Add +5.7% | 3.34% | +0.08 |
| LIN Linde PLC | Add +0.4% | 0.75% | +0.07 |
| DUK Duke Energy Corp. | Add +0.0% | 1.23% | +0.07 |
| MO Altria Group Inc. | New | 0.07% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.0% | 0.70% | +0.07 |
| META Meta Platforms Inc. Class A | New | 0.06% | +0.06 |
| EFV iShares MSCI Eafe Value ETF | New | 0.06% | +0.06 |
| EIX Edison International | New | 0.06% | +0.06 |
| CAT Caterpillar Inc. | Add +49.0% | 0.14% | +0.06 |
| DE Deere & Co. | Add +0.3% | 0.20% | +0.03 |
| SCJ iShares MSCI Japan Small-Cap | Add +1.1% | 1.05% | +0.02 |
| PFE Pfizer Inc. | Add +1.1% | 0.17% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +11.6% | 0.72% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +26.4% | 0.08% | +0.01 |
| SRE Sempra | Add +0.8% | 0.15% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +15.3% | 0.12% | +0.01 |
| PEP Pepsico Inc. | Add +1.8% | 0.11% | +0.00 |
| IBTI iShares Ibonds Dec 2028 Term | Add +6.4% | 0.10% | +0.00 |
| AAPL Apple Inc. | Add +11.1% | 0.38% | −0.00 |
| MCD McDonald's Corp. | Add +0.3% | 0.21% | −0.01 |
| NVDA Nvidia Corp. | Add +0.3% | 0.11% | −0.01 |
| BAC Bank of America Corp. | Add +0.4% | 0.08% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +7.8% | 0.73% | −0.02 |
| MORN Morningstar Inc. | Add +0.3% | 0.10% | −0.03 |
| GOOGL Alphabet Inc. Class A | Add +6.7% | 0.49% | −0.03 |
| DFEB FT Vest U.S. Equity Deep Buf | Add +3.3% | 2.17% | −0.05 |
| V Visa Inc. Class A | Add +0.1% | 0.37% | −0.08 |
Options Activity Q4 2025 → Q1 2026
| CMG Chipotle Mexican Grill Inc. | call | Sold out | 10,000 | $13Kbefore exit |
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 |