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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OMB Number:		3235-0006
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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	1,846,780	18,238	SH		SOLE	Spectrum Asset Management Inc.	18,238	0	0
ABBVIE INC	COM	00287Y109	4,061,196	25,483	SH		SOLE	Spectrum Asset Management Inc.	25,483	0	0
ABRDN ASIA PACIFIC INCOME FU	COM	003009107	29,812	11,207	SH		SOLE	Spectrum Asset Management Inc.	11,207	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,607,209	12,621	SH		SOLE	Spectrum Asset Management Inc.	12,621	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	353,385	917	SH		SOLE	Spectrum Asset Management Inc.	917	0	0
ALKERMES PLC	SHS	G01767105	313,896	11,135	SH		SOLE	Spectrum Asset Management Inc.	11,135	0	0
ALPHABET INC	CAP STK CL A	02079K305	650,388	6,270	SH		SOLE	Spectrum Asset Management Inc.	6,270	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	2,920,750	101,875	SH		SOLE	Spectrum Asset Management Inc.	101,875	0	0
APPLE INC	COM	037833100	3,366,765	20,417	SH		SOLE	Spectrum Asset Management Inc.	20,417	0	0
APPLE INC	PUT	037833100	2,190	2,000	PRN	Put	SOLE	Spectrum Asset Management Inc.	2,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,819,071	9,130	SH		SOLE	Spectrum Asset Management Inc.	9,130	0	0
BORGWARNER INC	COM	099724106	2,877,110	58,585	SH		SOLE	Spectrum Asset Management Inc.	58,585	0	0
BUNGE LIMITED	COM	G16962105	2,855,571	29,895	SH		SOLE	Spectrum Asset Management Inc.	29,895	0	0
CF INDS HLDGS INC	COM	125269100	1,886,915	26,030	SH		SOLE	Spectrum Asset Management Inc.	26,030	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	2,734,257	35,958	SH		SOLE	Spectrum Asset Management Inc.	35,958	0	0
CHEVRON CORP NEW	COM	166764100	7,524,136	46,115	SH		SOLE	Spectrum Asset Management Inc.	46,115	0	0
CHEVRON CORP NEW	COM	166764100	17,132	105	SH		DFND	Spectrum Asset Management Inc.	0	0	105
CISCO SYS INC	COM	17275R102	4,990,323	95,463	SH		SOLE	Spectrum Asset Management Inc.	95,463	0	0
CISCO SYS INC	COM	17275R102	16,885	323	SH		DFND	Spectrum Asset Management Inc.	0	0	323
COSTCO WHSL CORP NEW	COM	22160K105	1,008,299	2,029	SH		SOLE	Spectrum Asset Management Inc.	2,029	0	0
DANAHER CORPORATION	COM	235851102	821,774	3,257	SH		SOLE	Spectrum Asset Management Inc.	3,257	0	0
DEERE & CO	COM	244199105	1,296,642	3,131	SH		SOLE	Spectrum Asset Management Inc.	3,131	0	0
DISNEY WALT CO	COM	254687106	336,137	3,357	SH		SOLE	Spectrum Asset Management Inc.	3,357	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,481,024	36,084	SH		SOLE	Spectrum Asset Management Inc.	36,084	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	16,207	168	SH		DFND	Spectrum Asset Management Inc.	0	0	168
EDISON INTL	COM	281020107	328,258	4,602	SH		SOLE	Spectrum Asset Management Inc.	4,602	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	226,350	2,736	SH		SOLE	Spectrum Asset Management Inc.	2,736	0	0
EMERSON ELEC CO	COM	291011104	2,500,047	28,690	SH		SOLE	Spectrum Asset Management Inc.	28,690	0	0
EOG RES INC	COM	26875P101	761,488	6,643	SH		SOLE	Spectrum Asset Management Inc.	6,643	0	0
EXXON MOBIL CORP	COM	30231G102	4,514,461	41,168	SH		SOLE	Spectrum Asset Management Inc.	41,168	0	0
EXXON MOBIL CORP	COM	30231G102	18,094	165	SH		DFND	Spectrum Asset Management Inc.	0	0	165
GENERAL DYNAMICS CORP	COM	369550108	3,385,496	14,835	SH		SOLE	Spectrum Asset Management Inc.	14,835	0	0
GENERAL DYNAMICS CORP	COM	369550108	15,975	70	SH		DFND	Spectrum Asset Management Inc.	0	0	70
GLOBAL X FDS	GLBL X MLP ETF	37954Y343	305,428	7,342	SH		SOLE	Spectrum Asset Management Inc.	7,342	0	0
HONEYWELL INTL INC	COM	438516106	4,376,840	22,901	SH		SOLE	Spectrum Asset Management Inc.	22,901	0	0
INMODE LTD	SHS	M5425M103	267,346	8,365	SH		SOLE	Spectrum Asset Management Inc.	8,365	0	0
INTEL CORP	COM	458140100	3,213,748	98,370	SH		SOLE	Spectrum Asset Management Inc.	98,370	0	0
INTEL CORP	CALL	458140100	46,500	10,000	PRN	Call	SOLE	Spectrum Asset Management Inc.	10,000	0	0
INTEL CORP	COM	458140100	8,495	260	SH		DFND	Spectrum Asset Management Inc.	0	0	260
INTUIT	COM	461202103	771,732	1,731	SH		SOLE	Spectrum Asset Management Inc.	1,731	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	5,257,227	36,352	SH		SOLE	Spectrum Asset Management Inc.	36,352	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	6,762,999	180,974	SH		SOLE	Spectrum Asset Management Inc.	180,974	0	0
ISHARES TR	US TREAS BD ETF	46429B267	28,659,239	1,225,801	SH		SOLE	Spectrum Asset Management Inc.	1,225,801	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	5,571,820	61,601	SH		SOLE	Spectrum Asset Management Inc.	61,601	0	0
ISHARES TR	MSCI USA MIN VOL	46429B697	3,832,817	52,692	SH		SOLE	Spectrum Asset Management Inc.	52,692	0	0
ISHARES TR	IBONDS 23 TRM TS	46436E882	916,804	36,953	SH		SOLE	Spectrum Asset Management Inc.	36,953	0	0
ISHARES TR	CORE S&P500 ETF	464287200	585,693	1,425	SH		SOLE	Spectrum Asset Management Inc.	1,425	0	0
ISHARES TR	RUS 1000 ETF	464287622	547,316	2,430	SH		SOLE	Spectrum Asset Management Inc.	2,430	0	0
ISHARES TR	CORE TOTAL USD	46434V613	307,498	6,663	SH		SOLE	Spectrum Asset Management Inc.	6,663	0	0
ISHARES TR	EAFE VALUE ETF	464288877	262,305	5,405	SH		SOLE	Spectrum Asset Management Inc.	5,405	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	246,480	3,000	SH		SOLE	Spectrum Asset Management Inc.	3,000	0	0
ISHARES TR	EAFE GRWTH ETF	464288885	228,111	2,435	SH		SOLE	Spectrum Asset Management Inc.	2,435	0	0
KINDER MORGAN INC DEL	COM	49456B101	2,451,072	139,981	SH		SOLE	Spectrum Asset Management Inc.	139,981	0	0
MARRIOTT INTL INC NEW	CL A	571903202	335,401	2,020	SH		SOLE	Spectrum Asset Management Inc.	2,020	0	0
MCDONALDS CORP	COM	580135101	506,727	1,812	SH		SOLE	Spectrum Asset Management Inc.	1,812	0	0
MCKESSON CORP	COM	58155Q103	213,954	600	SH		SOLE	Spectrum Asset Management Inc.	600	0	0
MEDTRONIC PLC	SHS	G5960L103	2,257,012	27,766	SH		SOLE	Spectrum Asset Management Inc.	27,766	0	0
MEDTRONIC PLC	SHS	G5960L103	12,521	154	SH		DFND	Spectrum Asset Management Inc.	0	0	154
MICROSOFT CORP	COM	594918104	3,858,827	13,385	SH		SOLE	Spectrum Asset Management Inc.	13,385	0	0
MICROSOFT CORP	COM	594918104	9,803	34	SH		DFND	Spectrum Asset Management Inc.	0	0	34
MORNINGSTAR INC	COM	617700109	365,454	1,800	SH		SOLE	Spectrum Asset Management Inc.	1,800	0	0
NIKE INC	CL B	654106103	531,251	4,320	SH		SOLE	Spectrum Asset Management Inc.	4,320	0	0
NORTHROP GRUMMAN CORP	COM	666807102	265,028	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
ORACLE CORP	COM	68389X105	2,918,153	31,405	SH		SOLE	Spectrum Asset Management Inc.	31,405	0	0
PEPSICO INC	COM	713448108	525,688	2,884	SH		SOLE	Spectrum Asset Management Inc.	2,884	0	0
PFIZER INC	COM	717081103	273,768	6,710	SH		SOLE	Spectrum Asset Management Inc.	6,710	0	0
PFIZER INC	COM	717081103	13,464	330	SH		DFND	Spectrum Asset Management Inc.	0	0	330
PROSHARES TR	SHORT S&P 500 NE	74347B425	9,936,915	662,461	SH		SOLE	Spectrum Asset Management Inc.	662,461	0	0
QUALCOMM INC	COM	747525103	1,615,546	12,663	SH		SOLE	Spectrum Asset Management Inc.	12,663	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	354,742	3,622	SH		SOLE	Spectrum Asset Management Inc.	3,622	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	17,138	175	SH		DFND	Spectrum Asset Management Inc.	0	0	175
ROCKWELL AUTOMATION INC	COM	773903109	1,092,515	3,723	SH		SOLE	Spectrum Asset Management Inc.	3,723	0	0
SCHWAB CHARLES CORP	COM	808513105	3,509,196	66,995	SH		SOLE	Spectrum Asset Management Inc.	66,995	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	15,293,433	233,203	SH		SOLE	Spectrum Asset Management Inc.	233,203	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	6,073,782	93,199	SH		SOLE	Spectrum Asset Management Inc.	93,199	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	2,090,506	60,072	SH		SOLE	Spectrum Asset Management Inc.	60,072	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,746,168	36,493	SH		SOLE	Spectrum Asset Management Inc.	36,493	0	0
SCHWAB STRATEGIC TR	INT-TRM U.S TRES	808524854	237,526	4,710	SH		SOLE	Spectrum Asset Management Inc.	4,710	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	3,180,180	38,394	SH		SOLE	Spectrum Asset Management Inc.	38,394	0	0
SEMPRA	COM	816851109	3,057,841	20,075	SH		SOLE	Spectrum Asset Management Inc.	20,075	0	0
SPDR GOLD TR	GOLD SHS	78463V107	229,758	1,254	SH		SOLE	Spectrum Asset Management Inc.	1,254	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	253,267	7,885	SH		SOLE	Spectrum Asset Management Inc.	7,885	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,049,029	2,553	SH		SOLE	Spectrum Asset Management Inc.	2,553	0	0
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	276,425	17,880	SH		SOLE	Spectrum Asset Management Inc.	17,880	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	323,843	38,830	SH		SOLE	Spectrum Asset Management Inc.	38,830	0	0
STRYKER CORPORATION	COM	863667101	989,177	3,456	SH		SOLE	Spectrum Asset Management Inc.	3,456	0	0
TENON MEDICAL INC	COM	88066N105	334,152	188,786	SH		SOLE	Spectrum Asset Management Inc.	188,786	0	0
TESLA INC	COM	88160R101	1,083,624	5,223	SH		SOLE	Spectrum Asset Management Inc.	5,223	0	0
TEXAS INSTRS INC	COM	882508104	337,609	1,815	SH		SOLE	Spectrum Asset Management Inc.	1,815	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	544,897	1,153	SH		SOLE	Spectrum Asset Management Inc.	1,153	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,242,466	8,990	SH		SOLE	Spectrum Asset Management Inc.	8,990	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	394,325	1,932	SH		SOLE	Spectrum Asset Management Inc.	1,932	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	3,096,619	16,619	SH		SOLE	Spectrum Asset Management Inc.	16,619	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	895,597	19,827	SH		SOLE	Spectrum Asset Management Inc.	19,827	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,636,358	42,077	SH		SOLE	Spectrum Asset Management Inc.	42,077	0	0
VISA INC	COM CL A	92826C839	413,592	1,834	SH		SOLE	Spectrum Asset Management Inc.	1,834	0	0
VOLITIONRX LTD	COM	928661107	106,189	55,596	SH		SOLE	Spectrum Asset Management Inc.	55,596	0	0
WALMART INC	COM	931142103	1,385,097	9,362	SH		SOLE	Spectrum Asset Management Inc.	9,362	0	0