Spectrum Asset Management, Inc. (NB/CA)
CIK 1632078 · View on SEC EDGAR ↗
- Portfolio value
- $328.6M
- Positions
- 116
- As of
- June 30, 2026
#4,907 of 9,443 by 13F value · top 52.0%
Portfolio value QoQ: +17.5% 13F does not disclose cash
- Top 10 holdings weight
- 51.06%
- Top 25 holdings weight
- 74.12%
- Positions above 1%
- 28
- Effective number of positions
- 26.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.9% Est. buys $58,546,000 · sells $24,024,379
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 66.3% still held
- New positions
- 15
- Increased
- 37
- Decreased
- 33
- Closed
- 8
Put-notional exposure: 0.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Financials
10.3%
Industrials
4.9%
Healthcare
4.3%
Materials
2.9%
Communication Services
2.6%
Technology
2.3%
Retail
2.0%
Financial Services
1.6%
Consumer Discretionary
0.4%
Real Estate
0.1%
Utilities
0.1%
Communications
0.1%
Consumer Staples
0.1%
Energy
0.0%
Other/Unmapped
68.0%
Full portfolio 116 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| WFC Wells Fargo & Company Common Stock | $33,650,480 | 10.24% | 407,194 | $636,722 | Down ×1 | ||
| RSP | $26,796,404 | 8.16% | 125,941 | $12,433,697 | Up ×4 | ||
| VUSB | $24,286,318 | 7.39% | 487,873 | $1,058,826 | Up ×3 | ||
| SCHV | $18,270,435 | 5.56% | 524,862 | $3,779,778 | Up ×2 | ||
| DMAY | $12,875,870 | 3.92% | 273,257 | $6,824,697 | Up ×1 | ||
| DSEP | $12,088,472 | 3.68% | 254,816 | $861,998 | Down ×3 | ||
| IAU | $12,051,548 | 3.67% | 159,602 | $-2,082,793 | Down ×2 | ||
| DMAR | $11,048,034 | 3.36% | 246,980 | $523,675 | Down ×1 | ||
| LQD | $9,479,165 | 2.88% | 86,909 | Up ×1 | |||
| YMAR | $7,236,025 | 2.20% | 252,509 | $379,594 | Up ×1 | ||
| DFEB | $7,062,827 | 2.15% | 139,879 | $240,789 | Down ×1 | ||
| SCHF | $6,812,265 | 2.07% | 245,930 | $2,616,067 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $6,653,543 | 2.02% | 18,831 | $1,218,153 | Down ×3 | ||
| SCHG | $6,129,105 | 1.87% | 181,120 | $1,048,159 | Up ×1 | ||
| DDEC | $5,605,553 | 1.71% | 118,323 | $327,244 | Down ×2 | ||
| USMV | $5,072,542 | 1.54% | 52,587 | $502,387 | Up ×1 | ||
| EME EMCOR Group, Inc. Common Stock | $4,585,404 | 1.40% | 5,525 | $-102,281 | Down ×3 | ||
| WMT Walmart Inc. - Common Stock | $4,579,314 | 1.39% | 40,432 | $-469,548 | Down ×6 | ||
| ABBV AbbVie Inc. Common Stock | $4,569,627 | 1.39% | 18,159 | $626,636 | Up ×2 | ||
| DJUN | $4,542,089 | 1.38% | 92,169 | Up ×1 | |||
| SGOV iShares 0-3 Month Treasury Bond ETF | $4,365,958 | 1.33% | 43,369 | Up ×1 | |||
| EMXC iShares MSCI Emerging Markets ex China ETF | $4,200,643 | 1.28% | 41,062 | Up ×1 | |||
| ILMN Illumina, Inc. - Common Stock | $4,147,127 | 1.26% | 23,586 | $1,381,665 | Up ×1 | ||
| SCJ | $3,721,340 | 1.13% | 35,337 | $430,522 | Up ×3 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $3,706,814 | 1.13% | 40,174 | $-56,004 | Up ×2 | ||
| LHX L3Harris Technologies, Inc. Common Stock | $3,699,299 | 1.13% | 12,730 | $-695,564 | Down ×1 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $3,516,925 | 1.07% | 55,922 | $324,470 | Up ×1 | ||
| EMR Emerson Electric Company Common Stock | $3,395,232 | 1.03% | 23,718 | $274,597 | Down ×6 | ||
| EW Edwards Lifesciences Corporation Common Stock | $3,257,465 | 0.99% | 36,010 | $374,985 | Up ×2 | ||
| SCHR | $3,219,610 | 0.98% | 130,560 | $-245,596 | Down ×2 | ||
| BRKB | $3,214,005 | 0.98% | 6,423 | $125,561 | Down ×5 | ||
| XLE XLE | $3,188,639 | 0.97% | 60,038 | $-405,525 | Up ×6 | ||
| CLOX | $3,185,508 | 0.97% | 124,361 | $234,653 | Up ×1 | ||
| ESGU iShares ESG Aware MSCI USA ETF | $2,796,891 | 0.85% | 17,089 | $487,296 | Up ×4 | ||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $2,683,606 | 0.82% | 30,289 | $1,541,739 | Up ×2 | ||
| LIN Linde plc - Ordinary Shares | $2,447,840 | 0.74% | 4,717 | $101,903 | Down ×1 | ||
| SPY SPY | $2,413,999 | 0.73% | 3,224 | $201,131 | Down ×1 | ||
| SCHB | $2,323,556 | 0.71% | 80,233 | $68,085 | Down ×1 | ||
| ORCL Oracle Corporation Common Stock | $2,316,422 | 0.70% | 15,806 | $-20,810 | Down ×5 | ||
| BRKA | $2,246,550 | 0.68% | 3 | $92,130 | |||
| Unknown issuer (CUSIP: 438516205) | $1,984,868 | 0.60% | 8,865 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $1,956,558 | 0.60% | 8,850 | Up ×1 | |||
| DJAN | $1,822,425 | 0.55% | 40,032 | $91,794 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,821,185 | 0.55% | 5,096 | $280,791 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $1,765,905 | 0.54% | 6,103 | $562,312 | Up ×2 | ||
| DNOV | $1,457,365 | 0.44% | 28,381 | $97,761 | |||
| DAPR | $1,339,229 | 0.41% | 32,760 | $1,062,269 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $1,321,791 | 0.40% | 1,413 | $-85,588 | Up ×1 | ||
| V Visa Inc. | $1,316,192 | 0.40% | 3,836 | $157,858 | Up ×6 | ||
| MCK McKesson Corporation Common Stock | $1,210,272 | 0.37% | 1,600 | $-175,616 | |||
| VUG | $1,146,352 | 0.35% | 13,308 | $176,678 | Up ×1 | ||
| GEV GE Vernova Inc. Common Stock | $969,672 | 0.30% | 825 | $249,045 | |||
| GE GE Aerospace Common Stock | $963,103 | 0.29% | 2,577 | $230,583 | |||
| IJR | $942,511 | 0.29% | 6,355 | $175,891 | Up ×1 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $907,376 | 0.28% | 3,046 | $372,208 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $883,855 | 0.27% | 4,417 | $524,893 | Up ×2 | ||
| VEA | $798,820 | 0.24% | 11,211 | $56,336 | Down ×6 | ||
| TSLA Tesla, Inc. - Common Stock | $731,966 | 0.22% | 1,740 | $368,286 | Up ×1 | ||
| EWW | $724,851 | 0.22% | 9,630 | $26,265 | Up ×1 | ||
| TLT iShares 20+ Year Treasury Bond ETF | $723,336 | 0.22% | 8,370 | $-2,260 | |||
| DOCT | $721,673 | 0.22% | 15,460 | $50,274 | |||
| DE Deere & Company Common Stock | $720,621 | 0.22% | 1,133 | $82,225 | Up ×6 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $708,241 | 0.22% | 356 | $238,025 | |||
| VONE Vanguard Russell 1000 ETF | $680,489 | 0.21% | 2,009 | $77,263 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $657,104 | 0.20% | 2,757 | $-173,686 | Down ×1 | ||
| STM STMicroelectronics N.V. Common Stock | $633,046 | 0.19% | 8,453 | Up ×1 | |||
| CGNX Cognex Corporation - Common Stock | $585,661 | 0.18% | 8,087 | Up ×1 | |||
| MCD McDonald's Corporation Common Stock | $583,946 | 0.18% | 2,160 | $-84,921 | Up ×5 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $574,770 | 0.17% | 7,000 | ||||
| URA | $572,933 | 0.17% | 13,111 | ||||
| IBTH iShares iBonds Dec 2027 Term Treasury ETF | $572,777 | 0.17% | 25,605 | $-55,028 | Down ×2 | ||
| LLY Eli Lilly and Company Common Stock | $538,545 | 0.16% | 449 | $125,568 | |||
| WY Weyerhaeuser Company Common Stock | $489,741 | 0.15% | 20,457 | Up ×1 | |||
| FNV Franco-Nevada Corporation | $488,584 | 0.15% | 2,344 | $-90,502 | |||
| VTI | $461,440 | 0.14% | 1,247 | $26,416 | Down ×3 | ||
| BWXT BWX Technologies, Inc. Common Stock | $451,978 | 0.14% | 2,322 | $-22,848 | |||
| SRE DBA Sempra Common Stock | $445,965 | 0.14% | 4,810 | $-21,394 | Up ×2 | ||
| CAT Caterpillar, Inc. Common Stock | $438,707 | 0.13% | 412 | $5,668 | Down ×1 | ||
| MLPA | $430,498 | 0.13% | 8,110 | $1,568 | Up ×1 | ||
| FPS Forgent Power Solutions, Inc. Class A Common Stock | $386,831 | 0.12% | 6,925 | Up ×1 | |||
| BIL | $382,597 | 0.12% | 4,175 | $-77,894 | Down ×1 | ||
| ANET Arista Networks, Inc. Common Stock | $344,687 | 0.10% | 2,029 | $95,566 | |||
| IBM International Business Machines Corporation Common Stock | $337,452 | 0.10% | 1,200 | $46,584 | |||
| IBTG iShares iBonds Dec 2026 Term Treasury ETF | $325,290 | 0.10% | 14,211 | $-49,944 | Down ×2 | ||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $314,927 | 0.10% | 634 | $31,820 | |||
| IBTI iShares iBonds Dec 2028 Term Treasury ETF | $312,042 | 0.09% | 14,094 | $-15,340 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $299,835 | 0.09% | 2,214 | $-40,608 | Up ×2 | ||
| NEM Newmont Corporation | $295,213 | 0.09% | 3,161 | $-46,068 | Up ×1 | ||
| DJUL | $293,098 | 0.09% | 5,845 | $19,902 | |||
| IVV | $292,816 | 0.09% | 391 | $-86,700 | Down ×1 | ||
| GLD | $287,337 | 0.09% | 780 | $-87,876 | Down ×2 | ||
| MORN Morningstar, Inc. - Common Stock | $285,366 | 0.09% | 1,829 | $-22,940 | Up ×6 | ||
| WFC Wells Fargo & Company Common Stock | $284,920 | 0.09% | 100,000 | Put option | Up ×1 | ||
| SPDW | $278,254 | 0.08% | 5,522 | $26,174 | |||
| AEM Agnico Eagle Mines Limited Common Stock | $255,965 | 0.08% | 1,650 | $-78,952 | |||
| IWB | $221,540 | 0.07% | 541 | $-44,811 | Down ×1 | ||
| BEAT Heartbeam, Inc. - Common Stock | $75,300 | 0.02% | 100,400 | $-39,868 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $37,940 | 0.01% | 323 | $12,878 | |||
| RTX RTX Corporation Common Stock | $33,393 | 0.01% | 176 | $-558 | |||
| BAC Bank of America Corporation Common Stock | $29,972 | 0.01% | 526 | $4,329 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| LQD | $9,479,165 | 86,909 | 2.88% |
| DJUN | $4,542,089 | 92,169 | 1.38% |
| SGOV | $4,365,958 | 43,369 | 1.33% |
| EMXC | $4,200,643 | 41,062 | 1.28% |
| Unknown issuer (CUSIP: 438516205) | $1,984,868 | 8,865 | 0.60% |
| Unknown issuer (CUSIP: 43849R105) | $1,956,558 | 8,850 | 0.60% |
| STM | $633,046 | 8,453 | 0.19% |
| CGNX | $585,661 | 8,087 | 0.18% |
| SHY | $574,770 | 7,000 | 0.17% |
| URA | $572,933 | 13,111 | 0.17% |
| WY | $489,741 | 20,457 | 0.15% |
| FPS | $386,831 | 6,925 | 0.12% |
| WFC | $284,920 | 100,000 | 0.09% |
| AVGO | $24,932 | 66 | 0.01% |
| UNH | $13,716 | 33 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RSP | Bought more | +51K | +$12.4M |
| DMAY | Bought more | +139K | +$6.8M |
| SCHV | Bought more | +50K | +$3.8M |
| SCHF | Bought more | +76K | +$2.6M |
| IAU | Trimmed | -724 | -$2.1M |
| SOLS | Bought more | +15K | +$1.5M |
| ILMN | Bought more | +1K | +$1.4M |
| GOOG | Trimmed | -117 | +$1.2M |
| DAPR | Bought more | +26K | +$1.1M |
| VUSB | Bought more | +21K | +$1.1M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| MBB | June 30, 2025 | 117,366 | $11,006,584 | |
| HECA | June 30, 2026 | 346,494 | $10,003,282 | No longer tracked |
| VGK | March 31, 2026 | 73,289 | $6,127,703 | No longer tracked |
| VYMI | March 31, 2026 | 63,263 | $5,693,670 | |
| EWJ | June 30, 2025 | 61,774 | $4,235,226 | No longer tracked |
| HON | June 30, 2026 | 17,720 | $4,005,308 | -1.9% |
| UNH | June 30, 2025 | 7,071 | $3,703,203 | 24.2% |
| AAAU | June 30, 2026 | 77,204 | $3,566,053 | No longer tracked |
| CEG | March 31, 2025 | 15,457 | $3,457,886 | 35.2% |
| VZ | Dec. 31, 2025 | 75,098 | $3,300,546 | 21.4% |
| DIS | June 30, 2025 | 29,242 | $2,886,138 | -13.6% |
| ULTA | March 31, 2025 | 6,345 | $2,759,631 | 41.4% |
| ABT | March 31, 2026 | 21,752 | $2,725,309 | 11.4% |
| MLPX | Dec. 31, 2025 | 39,065 | $2,449,767 | No longer tracked |
| FLJP | March 31, 2026 | 67,429 | $2,322,930 | No longer tracked |
| ITA | March 31, 2025 | 14,968 | $2,175,543 | No longer tracked |
| FISV | Dec. 31, 2025 | 15,935 | $2,054,500 | -23.3% |
| LNG | March 31, 2026 | 9,917 | $1,927,779 | -1.5% |
| BWA | March 31, 2025 | 59,268 | $1,884,134 | 137.3% |
| EWA | Dec. 31, 2025 | 68,677 | $1,854,279 | No longer tracked |
| URA | March 31, 2025 | 67,199 | $1,849,411 | No longer tracked |
| SPSM | June 30, 2025 | 36,302 | $1,479,670 | No longer tracked |
| VRT | March 31, 2025 | 9,160 | $1,040,668 | 266.0% |
| EWZ | June 30, 2026 | 21,534 | $826,691 | No longer tracked |
| GEHC | June 30, 2025 | 9,408 | $759,320 | 0.0% |
| ESLT | June 30, 2026 | 872 | $740,407 | -1.5% |
| ROK | March 31, 2025 | 2,562 | $732,194 | 69.0% |
| ACN | Sept. 30, 2025 | 2,399 | $717,038 | -26.0% |
| NKE | Dec. 31, 2025 | 9,939 | $693,081 | -36.3% |
| CIBR | March 31, 2026 | 9,500 | $678,796 | |
| SLB | June 30, 2025 | 16,006 | $673,611 | 59.2% |
| LSTR | March 31, 2025 | 3,865 | $664,239 | 22.6% |
| MU | March 31, 2025 | 7,812 | $658,357 | 1033.2% |
| HAL | March 31, 2025 | 23,685 | $643,986 | 40.0% |
| PHM | Dec. 31, 2025 | 4,852 | $642,163 | 9.2% |
| CLB | March 31, 2025 | 37,071 | $641,700 | -16.3% |
| SHY | March 31, 2026 | 7,500 | $621,150 | |
| IJR | Dec. 31, 2025 | 4,758 | $565,394 | No longer tracked |
| PAYC | Dec. 31, 2025 | 2,538 | $528,260 | 41.4% |
| JOF | March 31, 2026 | 47,055 | $521,370 | 14.5% |
| IJH | June 30, 2025 | 8,933 | $521,268 | No longer tracked |
| SLB | Dec. 31, 2025 | 14,938 | $517,677 | 40.2% |
| QCOM | March 31, 2026 | 2,938 | $502,545 | 25.0% |
| AXS | Dec. 31, 2025 | 5,189 | $499,390 | -7.6% |
| PGR | Dec. 31, 2025 | 2,012 | $496,864 | -3.4% |
| CTSH | Sept. 30, 2025 | 6,237 | $486,674 | -9.2% |
| EWJ | March 31, 2026 | 5,930 | $478,789 | No longer tracked |
| MCO | Dec. 31, 2025 | 984 | $468,857 | -2.2% |
| RMD | March 31, 2026 | 1,878 | $452,354 | 2.4% |
| ITB | Dec. 31, 2025 | 4,074 | $436,937 | No longer tracked |
| PYPL | March 31, 2025 | 4,020 | $343,107 | -4.7% |
| TPL | Dec. 31, 2025 | 366 | $341,713 | 30.9% |
| IBTF | Dec. 31, 2025 | 13,033 | $304,517 | No longer tracked |
| PANW | March 31, 2026 | 1,528 | $281,458 | 114.6% |
| NOW | Dec. 31, 2025 | 301 | $277,005 | -15.4% |
| PG | June 30, 2025 | 1,605 | $273,500 | -10.1% |
| ADBE | March 31, 2025 | 551 | $245,019 | -28.8% |
| NICE | Dec. 31, 2025 | 1,655 | $239,611 | -12.0% |
| CMG | March 31, 2026 | 16,037 | $236,119 | 12.1% |
| MELI | March 31, 2026 | 115 | $231,640 | 12.0% |
| VEEV | March 31, 2026 | 971 | $216,757 | 41.0% |
| AMZN | March 31, 2025 | 955 | $209,518 | 35.5% |
| META | June 30, 2026 | 356 | $203,692 | -2.6% |
| EFV | June 30, 2026 | 2,734 | $203,284 | No longer tracked |
| EIX | June 30, 2026 | 2,749 | $201,204 | -0.8% |
| GD | March 31, 2025 | 70 | $18,445 | 42.3% |
| MO | Dec. 31, 2025 | 205 | $13,760 | 15.8% |