Spectrum Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBOTT LABS	COM	002824100	2,016,513	18,367	SH		SOLE	Spectrum Asset Management Inc.	18,367	0	0
ABBVIE INC	COM	00287Y109	4,156,845	25,721	SH		SOLE	Spectrum Asset Management Inc.	25,721	0	0
ABRDN ASIA PACIFIC INCOME FU	COM	003009107	29,783	11,207	SH		SOLE	Spectrum Asset Management Inc.	11,207	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,320,824	12,445	SH		SOLE	Spectrum Asset Management Inc.	12,445	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	308,598	917	SH		SOLE	Spectrum Asset Management Inc.	917	0	0
ALKERMES PLC	SHS	G01767105	290,958	11,135	SH		SOLE	Spectrum Asset Management Inc.	11,135	0	0
ALPHABET INC	CAP STK CL A	02079K305	419,975	4,760	SH		SOLE	Spectrum Asset Management Inc.	4,760	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	2,918,334	102,290	SH		SOLE	Spectrum Asset Management Inc.	102,290	0	0
APPLE INC	COM	037833100	2,571,366	19,790	SH		SOLE	Spectrum Asset Management Inc.	19,790	0	0
APPLE INC	PUT	037833100	28,020	2,000	PRN	Put	SOLE	Spectrum Asset Management Inc.	2,000	0	0
BANK AMERICA CORP	COM	060505104	216,376	6,533	SH		SOLE	Spectrum Asset Management Inc.	6,533	0	0
BANK AMERICA CORP	COM	060505104	14,341	433	SH		DFND	Spectrum Asset Management Inc.	0	0	433
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,810,990	9,100	SH		SOLE	Spectrum Asset Management Inc.	9,100	0	0
BORGWARNER INC	COM	099724106	2,329,871	57,885	SH		SOLE	Spectrum Asset Management Inc.	57,885	0	0
BP PLC	SPONSORED ADR	055622104	273,439	7,828	SH		SOLE	Spectrum Asset Management Inc.	7,828	0	0
BUNGE LIMITED	COM	G16962105	2,996,592	30,035	SH		SOLE	Spectrum Asset Management Inc.	30,035	0	0
CF INDS HLDGS INC	COM	125269100	1,946,394	22,845	SH		SOLE	Spectrum Asset Management Inc.	22,845	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	3,230,050	34,228	SH		SOLE	Spectrum Asset Management Inc.	34,228	0	0
CHEVRON CORP NEW	COM	166764100	9,052,072	50,432	SH		SOLE	Spectrum Asset Management Inc.	50,432	0	0
CHEVRON CORP NEW	COM	166764100	18,846	105	SH		DFND	Spectrum Asset Management Inc.	0	0	105
CISCO SYS INC	COM	17275R102	3,691,867	77,495	SH		SOLE	Spectrum Asset Management Inc.	77,495	0	0
CISCO SYS INC	COM	17275R102	12,196	256	SH		DFND	Spectrum Asset Management Inc.	0	0	256
COSTCO WHSL CORP NEW	COM	22160K105	888,902	1,947	SH		SOLE	Spectrum Asset Management Inc.	1,947	0	0
DANAHER CORPORATION	COM	235851102	812,950	3,060	SH		SOLE	Spectrum Asset Management Inc.	3,060	0	0
DEERE & CO	COM	244199105	1,346,205	3,131	SH		SOLE	Spectrum Asset Management Inc.	3,131	0	0
DISNEY WALT CO	COM	254687106	291,656	3,357	SH		SOLE	Spectrum Asset Management Inc.	3,357	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,145,830	30,545	SH		SOLE	Spectrum Asset Management Inc.	30,545	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	17,302	168	SH		DFND	Spectrum Asset Management Inc.	0	0	168
EDISON INTL	COM	281020107	295,255	4,588	SH		SOLE	Spectrum Asset Management Inc.	4,588	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	204,133	2,736	SH		SOLE	Spectrum Asset Management Inc.	2,736	0	0
EMERSON ELEC CO	COM	291011104	2,757,402	28,705	SH		SOLE	Spectrum Asset Management Inc.	28,705	0	0
EOG RES INC	COM	26875P101	860,401	6,643	SH		SOLE	Spectrum Asset Management Inc.	6,643	0	0
EXXON MOBIL CORP	COM	30231G102	6,825,888	61,885	SH		SOLE	Spectrum Asset Management Inc.	61,885	0	0
EXXON MOBIL CORP	COM	30231G102	18,200	165	SH		DFND	Spectrum Asset Management Inc.	0	0	165
GENERAL DYNAMICS CORP	COM	369550108	3,678,231	14,825	SH		SOLE	Spectrum Asset Management Inc.	14,825	0	0
GENERAL DYNAMICS CORP	COM	369550108	12,406	50	SH		DFND	Spectrum Asset Management Inc.	0	0	50
GLOBAL X FDS	GLBL X MLP ETF	37954Y343	425,989	10,317	SH		SOLE	Spectrum Asset Management Inc.	10,317	0	0
HONEYWELL INTL INC	COM	438516106	4,885,397	22,797	SH		SOLE	Spectrum Asset Management Inc.	22,797	0	0
INMODE LTD	SHS	M5425M103	290,776	8,145	SH		SOLE	Spectrum Asset Management Inc.	8,145	0	0
INTEL CORP	COM	458140100	1,989,866	75,288	SH		SOLE	Spectrum Asset Management Inc.	75,288	0	0
INTEL CORP	CALL	458140100	19,100	10,000	PRN	Call	SOLE	Spectrum Asset Management Inc.	10,000	0	0
INTEL CORP	CALL	458140100	6,872	260	SH		DFND	Spectrum Asset Management Inc.	0	0	260
INTUIT	COM	461202103	673,740	1,731	SH		SOLE	Spectrum Asset Management Inc.	1,731	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	7,189,908	50,902	SH		SOLE	Spectrum Asset Management Inc.	50,902	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	4,582,656	132,485	SH		SOLE	Spectrum Asset Management Inc.	132,485	0	0
ISHARES INC	MSCI EMERG MRKT	464286533	248,327	4,681	SH		SOLE	Spectrum Asset Management Inc.	4,681	0	0
ISHARES TR	US TREAS BD ETF	46429B267	18,638,785	820,369	SH		SOLE	Spectrum Asset Management Inc.	820,369	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	5,480,067	64,662	SH		SOLE	Spectrum Asset Management Inc.	64,662	0	0
ISHARES TR	MSCI USA MIN VOL	46429B697	3,799,454	52,697	SH		SOLE	Spectrum Asset Management Inc.	52,697	0	0
ISHARES TR	CORE TOTAL USD	46434V613	976,284	21,729	SH		SOLE	Spectrum Asset Management Inc.	21,729	0	0
ISHARES TR	IBONDS 23 TRM TS	46436E882	896,687	36,296	SH		SOLE	Spectrum Asset Management Inc.	36,296	0	0
ISHARES TR	CORE S&P500 ETF	464287200	526,277	1,370	SH		SOLE	Spectrum Asset Management Inc.	1,370	0	0
ISHARES TR	RUS 1000 ETF	464287622	518,604	2,463	SH		SOLE	Spectrum Asset Management Inc.	2,463	0	0
ISHARES TR	EAFE VALUE ETF	464288877	305,010	6,648	SH		SOLE	Spectrum Asset Management Inc.	6,648	0	0
ISHARES TR	EAFE GRWTH ETF	464288885	257,311	3,072	SH		SOLE	Spectrum Asset Management Inc.	3,072	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	243,510	3,000	SH		SOLE	Spectrum Asset Management Inc.	3,000	0	0
KINDER MORGAN INC DEL	COM	49456B101	2,478,002	137,058	SH		SOLE	Spectrum Asset Management Inc.	137,058	0	0
MARRIOTT INTL INC NEW	CL A	571903202	300,758	2,020	SH		SOLE	Spectrum Asset Management Inc.	2,020	0	0
MCDONALDS CORP	COM	580135101	405,516	1,539	SH		SOLE	Spectrum Asset Management Inc.	1,539	0	0
MCKESSON CORP	COM	58155Q103	225,396	600	SH		SOLE	Spectrum Asset Management Inc.	600	0	0
MEDTRONIC PLC	SHS	G5960L103	1,563,428	19,936	SH		SOLE	Spectrum Asset Management Inc.	19,936	0	0
MEDTRONIC PLC	SHS	G5960L103	12,074	154	SH		DFND	Spectrum Asset Management Inc.	0	0	154
MICROSOFT CORP	COM	594918104	3,005,371	12,532	SH		SOLE	Spectrum Asset Management Inc.	12,532	0	0
MICROSOFT CORP	COM	594918104	8,154	34	SH		DFND	Spectrum Asset Management Inc.	0	0	34
MORNINGSTAR INC	COM	617700109	389,862	1,800	SH		SOLE	Spectrum Asset Management Inc.	1,800	0	0
NIKE INC	CL B	654106103	466,146	3,984	SH		SOLE	Spectrum Asset Management Inc.	3,984	0	0
NORTHROP GRUMMAN CORP	COM	666807102	313,180	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
ORACLE CORP	COM	68389X105	2,530,670	30,960	SH		SOLE	Spectrum Asset Management Inc.	30,960	0	0
PEPSICO INC	COM	713448108	504,522	2,771	SH		SOLE	Spectrum Asset Management Inc.	2,771	0	0
PFIZER INC	COM	717081103	343,820	6,710	SH		SOLE	Spectrum Asset Management Inc.	6,710	0	0
PFIZER INC	COM	717081103	16,909	330	SH		DFND	Spectrum Asset Management Inc.	0	0	330
PIONEER NAT RES CO	COM	723787107	211,718	927	SH		SOLE	Spectrum Asset Management Inc.	927	0	0
PROSHARES TR	SHORT S&P 500 NE	74347B425	5,906,863	368,488	SH		SOLE	Spectrum Asset Management Inc.	368,488	0	0
PUBLIC STORAGE	COM	74460D109	1,190,808	4,250	SH		SOLE	Spectrum Asset Management Inc.	4,250	0	0
QUALCOMM INC	COM	747525103	1,413,389	12,856	SH		SOLE	Spectrum Asset Management Inc.	12,856	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	363,495	3,602	SH		SOLE	Spectrum Asset Management Inc.	3,602	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	17,661	175	SH		DFND	Spectrum Asset Management Inc.	0	0	175
ROCKWELL AUTOMATION INC	COM	773903109	956,873	3,715	SH		SOLE	Spectrum Asset Management Inc.	3,715	0	0
SCHLUMBERGER LTD	COM STK	806857108	200,952	3,747	SH		SOLE	Spectrum Asset Management Inc.	3,747	0	0
SCHWAB CHARLES CORP	COM	808513105	3,842,111	46,146	SH		SOLE	Spectrum Asset Management Inc.	46,146	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	15,847,639	240,043	SH		SOLE	Spectrum Asset Management Inc.	240,043	0	0
SCHWAB STRATEGIC TR	INT-TRM U.S TRES	808524854	8,622,438	175,146	SH		SOLE	Spectrum Asset Management Inc.	175,146	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	6,648,025	119,655	SH		SOLE	Spectrum Asset Management Inc.	119,655	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	1,998,759	62,054	SH		SOLE	Spectrum Asset Management Inc.	62,054	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,655,067	36,935	SH		SOLE	Spectrum Asset Management Inc.	36,935	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	8,751,828	100,055	SH		SOLE	Spectrum Asset Management Inc.	100,055	0	0
SEMPRA	COM	816851109	3,057,642	19,656	SH		SOLE	Spectrum Asset Management Inc.	19,656	0	0
SHELL PLC	SPON ADS	780259305	358,785	6,300	SH		SOLE	Spectrum Asset Management Inc.	6,300	0	0
SPDR GOLD TR	GOLD SHS	78463V107	1,891,316	11,149	SH		SOLE	Spectrum Asset Management Inc.	11,149	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	234,106	7,885	SH		SOLE	Spectrum Asset Management Inc.	7,885	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,092,318	2,843	SH		SOLE	Spectrum Asset Management Inc.	2,843	0	0
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	252,108	17,880	SH		SOLE	Spectrum Asset Management Inc.	17,880	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	319,959	38,830	SH		SOLE	Spectrum Asset Management Inc.	38,830	0	0
STRYKER CORPORATION	COM	863667101	847,549	3,456	SH		SOLE	Spectrum Asset Management Inc.	3,456	0	0
TENON MEDICAL INC	COM	88066N105	206,211	130,513	SH		SOLE	Spectrum Asset Management Inc.	130,513	0	0
TESLA INC	COM	88160R101	655,723	5,323	SH		SOLE	Spectrum Asset Management Inc.	5,323	0	0
TEXAS INSTRS INC	COM	882508104	280,874	1,700	SH		SOLE	Spectrum Asset Management Inc.	1,700	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	532,831	1,005	SH		SOLE	Spectrum Asset Management Inc.	1,005	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,545,386	11,944	SH		SOLE	Spectrum Asset Management Inc.	11,944	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	369,382	1,932	SH		SOLE	Spectrum Asset Management Inc.	1,932	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	297,584	2,120	SH		SOLE	Spectrum Asset Management Inc.	2,120	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	3,299,439	18,934	SH		SOLE	Spectrum Asset Management Inc.	18,934	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	849,524	20,241	SH		SOLE	Spectrum Asset Management Inc.	20,241	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,324,647	33,620	SH		SOLE	Spectrum Asset Management Inc.	33,620	0	0
VISA INC	COM CL A	92826C839	380,992	1,834	SH		SOLE	Spectrum Asset Management Inc.	1,834	0	0
VOLITIONRX LTD	COM	928661107	135,098	55,596	SH		SOLE	Spectrum Asset Management Inc.	55,596	0	0
WALMART INC	COM	931142103	1,148,894	8,071	SH		SOLE	Spectrum Asset Management Inc.	8,071	0	0
WELLS FARGO CO NEW	COM	949746101	264,044	6,395	SH		SOLE	Spectrum Asset Management Inc.	6,395	0	0