Spectrum Asset Management, Inc. (NB/CA)

CIK 0001632078 · Q1 2026

13F Equity AUM

$314.8M

+5.0% QoQ

Positions

107

+2 QoQ

AUM Rank

#5,733

Top 46%

Skill Alpha (FF)

-3.1%/yr

Underperformer

Rank #6,398 · Top 78%

vs S&P -7.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 31.5%Top 10: 46.0%Top 20: 63.1%

WFC10.5%

VUSB7.4%

SCHV4.6%

RSP4.6%

IAU*4.5%

DSEP3.6%

DMAR3.3%

HECA3.2%

XOM2.2%

YMAR2.2%

Others (97)54.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services64.1%

Industrials6.7%

Healthcare6.2%

Financials5.2%

Energy4.3%

Technology4.3%

Basic Materials2.5%

Communication Services2.3%

Other4.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 107Median: 0.36%Avg: 0.93%

0–0.5%

61(10.7%)

0.5–1%

12(9.6%)

1–3%

26(38.1%)

3–5%

6(23.7%)

5%+

2(17.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 92Unique: 15vs 20 funds

1.3%Low

107

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.7%

BANK OF AMERICA CORP /DE/

1.9%

1.8%

2.1%

2.7%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

GEODE CAPITAL MANAGEMENT, LLC

1.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New17Increased39Decreased37Exited15

New Positions

WFC10.5%

+415K

YMAR2.2%

+251K

FCX1.0%

+54K

ILMN0.9%

+22K

DJAN0.6%

+41K

IJR0.2%

+6K

GEV0.2%

+825

MRVL0.2%

+5K

BWXT0.1%

+2K

BIL0.1%

+5K

Increased

HECA3.2%

+169K(+95%)

SCHV4.6%

+66K(+16%)

VUSB7.4%

+14K(+3%)

DMAR3.3%

+13K(+6%)

SOLS0.4%

+10K(+219%)

SCHB0.7%

+9K(+12%)

AAAU1.1%

+6K(+9%)

DFEB2.2%

+5K(+3%)

XLE1.1%

+3K(+5%)

AMZN0.3%

+2K(+146%)

Decreased

CLOX0.9%

-430,518(-79%)

SCHR1.1%

-85,700(-38%)

EWZ0.3%

-74,450(-78%)

USMV1.4%

-73,483(-60%)

SCHF1.3%

-61,443(-27%)

SCHG1.6%

-39,284(-18%)

EWW0.2%

-34,506(-79%)

IAU*4.5%

-8,198(-5%)

CSCO1.4%

-6,797(-11%)

DSEP3.6%

-4,319(-2%)

Exited

-73,289

-63,263

-21,752

-67,429

-9,917

-9,500

-7,500

-47,055

-3,023

-5,930

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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