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	1,768,741	16,224	SH		SOLE	Spectrum Asset Management Inc.	16,224	0	0
ABBVIE INC	COM	00287Y109	3,110,675	23,088	SH		SOLE	Spectrum Asset Management Inc.	23,088	0	0
ABRDN ASIA PACIFIC INCOME FU	COM	003009107	30,260	11,207	SH		SOLE	Spectrum Asset Management Inc.	11,207	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,563,791	11,549	SH		SOLE	Spectrum Asset Management Inc.	11,549	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	448,404	917	SH		SOLE	Spectrum Asset Management Inc.	917	0	0
ALKERMES PLC	SHS	G01767105	348,526	11,135	SH		SOLE	Spectrum Asset Management Inc.	11,135	0	0
ALPHABET INC	CAP STK CL A	02079K305	750,519	6,270	SH		SOLE	Spectrum Asset Management Inc.	6,270	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	2,964,101	91,147	SH		SOLE	Spectrum Asset Management Inc.	91,147	0	0
APPLE INC	COM	037833100	3,911,894	20,168	SH		SOLE	Spectrum Asset Management Inc.	20,168	0	0
APPLE INC	PUT	037833100	6,394	3,300	PRN	Put	SOLE	Spectrum Asset Management Inc.	3,300	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,824,162	8,282	SH		SOLE	Spectrum Asset Management Inc.	8,282	0	0
BORGWARNER INC	COM	099724106	2,636,641	53,908	SH		SOLE	Spectrum Asset Management Inc.	53,908	0	0
BUNGE LIMITED	COM	G16962105	2,526,410	26,777	SH		SOLE	Spectrum Asset Management Inc.	26,777	0	0
CF INDS HLDGS INC	COM	125269100	1,817,763	26,185	SH		SOLE	Spectrum Asset Management Inc.	26,185	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	2,713,299	32,425	SH		SOLE	Spectrum Asset Management Inc.	32,425	0	0
CHEVRON CORP NEW	COM	166764100	6,927,347	44,025	SH		SOLE	Spectrum Asset Management Inc.	44,025	0	0
CHEVRON CORP NEW	COM	166764100	16,522	105	SH		DFND	Spectrum Asset Management Inc.	0	0	105
CISCO SYS INC	COM	17275R102	4,594,155	88,793	SH		SOLE	Spectrum Asset Management Inc.	88,793	0	0
CISCO SYS INC	COM	17275R102	16,713	323	SH		DFND	Spectrum Asset Management Inc.	0	0	323
CONOCOPHILLIPS	COM	20825C104	837,791	8,086	SH		SOLE	Spectrum Asset Management Inc.	8,086	0	0
CONOCOPHILLIPS	COM	20825C104	15,749	152	SH		DFND	Spectrum Asset Management Inc.	0	0	152
COSTCO WHSL CORP NEW	COM	22160K105	1,092,540	2,029	SH		SOLE	Spectrum Asset Management Inc.	2,029	0	0
DEERE & CO	COM	244199105	1,272,564	3,131	SH		SOLE	Spectrum Asset Management Inc.	3,131	0	0
DISNEY WALT CO	COM	254687106	299,714	3,357	SH		SOLE	Spectrum Asset Management Inc.	3,357	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,944,370	32,810	SH		SOLE	Spectrum Asset Management Inc.	32,810	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	16,243	181	SH		DFND	Spectrum Asset Management Inc.	0	0	181
EDWARDS LIFESCIENCES CORP	COM	28176E108	258,087	2,736	SH		SOLE	Spectrum Asset Management Inc.	2,736	0	0
EMERSON ELEC CO	COM	291011104	2,342,186	25,912	SH		SOLE	Spectrum Asset Management Inc.	25,912	0	0
EXXON MOBIL CORP	COM	30231G102	4,011,785	37,406	SH		SOLE	Spectrum Asset Management Inc.	37,406	0	0
EXXON MOBIL CORP	COM	30231G102	17,697	165	SH		DFND	Spectrum Asset Management Inc.	0	0	165
GENERAL DYNAMICS CORP	COM	369550108	2,923,889	13,590	SH		SOLE	Spectrum Asset Management Inc.	13,590	0	0
GENERAL DYNAMICS CORP	COM	369550108	15,061	70	SH		DFND	Spectrum Asset Management Inc.	0	0	70
GLOBAL X FDS	GLBL X MLP ETF	37954Y343	315,193	7,342	SH		SOLE	Spectrum Asset Management Inc.	7,342	0	0
HEARTBEAM INC	COM	42238H108	103,389	42,900	SH		SOLE	Spectrum Asset Management Inc.	42,900	0	0
HONEYWELL INTL INC	COM	438516106	4,424,730	21,324	SH		SOLE	Spectrum Asset Management Inc.	21,324	0	0
IDEXX LABS INC	COM	45168D104	288,281	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
INMODE LTD	SHS	M5425M103	312,993	8,380	SH		SOLE	Spectrum Asset Management Inc.	8,380	0	0
INTEL CORP	COM	458140100	3,103,775	92,816	SH		SOLE	Spectrum Asset Management Inc.	92,816	0	0
INTEL CORP	CALL	458140100	42,953	10,000	PRN	Call	SOLE	Spectrum Asset Management Inc.	10,000	0	0
INTEL CORP	COM	458140100	8,695	260	SH		DFND	Spectrum Asset Management Inc.	0	0	260
INTUIT	COM	461202103	838,946	1,831	SH		SOLE	Spectrum Asset Management Inc.	1,831	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	5,103,173	34,103	SH		SOLE	Spectrum Asset Management Inc.	34,103	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	8,180,036	224,788	SH		SOLE	Spectrum Asset Management Inc.	224,788	0	0
ISHARES TR	US TREAS BD ETF	46429B267	28,379,542	1,239,281	SH		SOLE	Spectrum Asset Management Inc.	1,239,281	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	6,192,163	63,535	SH		SOLE	Spectrum Asset Management Inc.	63,535	0	0
ISHARES TR	MSCI USA MIN VOL	46429B697	3,983,791	53,596	SH		SOLE	Spectrum Asset Management Inc.	53,596	0	0
ISHARES TR	IBONDS 23 TRM TS	46436E882	1,016,615	40,976	SH		SOLE	Spectrum Asset Management Inc.	40,976	0	0
ISHARES TR	20 YR TR BD ETF	464287432	656,243	6,375	SH		SOLE	Spectrum Asset Management Inc.	6,375	0	0
ISHARES TR	CORE S&P500 ETF	464287200	599,376	1,345	SH		SOLE	Spectrum Asset Management Inc.	1,345	0	0
ISHARES TR	RUS 1000 ETF	464287622	593,437	2,435	SH		SOLE	Spectrum Asset Management Inc.	2,435	0	0
ISHARES TR	CORE TOTAL USD	46434V613	302,967	6,663	SH		SOLE	Spectrum Asset Management Inc.	6,663	0	0
ISHARES TR	EAFE VALUE ETF	464288877	264,521	5,405	SH		SOLE	Spectrum Asset Management Inc.	5,405	0	0
ISHARES TR	IBONDS 25 TRM TS	46436E866	255,541	11,048	SH		SOLE	Spectrum Asset Management Inc.	11,048	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	243,240	3,000	SH		SOLE	Spectrum Asset Management Inc.	3,000	0	0
ISHARES TR	EAFE GRWTH ETF	464288885	232,324	2,435	SH		SOLE	Spectrum Asset Management Inc.	2,435	0	0
MARRIOTT INTL INC NEW	CL A	571903202	371,054	2,020	SH		SOLE	Spectrum Asset Management Inc.	2,020	0	0
MCDONALDS CORP	COM	580135101	540,928	1,813	SH		SOLE	Spectrum Asset Management Inc.	1,813	0	0
MCKESSON CORP	COM	58155Q103	256,710	600	SH		SOLE	Spectrum Asset Management Inc.	600	0	0
MEDTRONIC PLC	SHS	G5960L103	2,415,541	27,198	SH		SOLE	Spectrum Asset Management Inc.	27,198	0	0
MEDTRONIC PLC	SHS	G5960L103	14,908	168	SH		DFND	Spectrum Asset Management Inc.	0	0	168
MICROSOFT CORP	COM	594918104	4,272,483	12,546	SH		SOLE	Spectrum Asset Management Inc.	12,546	0	0
MICROSOFT CORP	COM	594918104	11,579	34	SH		DFND	Spectrum Asset Management Inc.	0	0	34
MORNINGSTAR INC	COM	617700109	352,926	1,800	SH		SOLE	Spectrum Asset Management Inc.	1,800	0	0
NIKE INC	CL B	654106103	441,048	3,984	SH		SOLE	Spectrum Asset Management Inc.	3,984	0	0
NORTHROP GRUMMAN CORP	COM	666807102	261,630	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
NVIDIA CORPORATION	COM	67066G104	223,844	529	SH		SOLE	Spectrum Asset Management Inc.	529	0	0
ORACLE CORP	COM	68389X105	3,348,930	28,121	SH		SOLE	Spectrum Asset Management Inc.	28,121	0	0
PEPSICO INC	COM	713448108	455,204	2,458	SH		SOLE	Spectrum Asset Management Inc.	2,458	0	0
PFIZER INC	COM	717081103	246,123	6,710	SH		SOLE	Spectrum Asset Management Inc.	6,710	0	0
PFIZER INC	COM	717081103	12,105	330	SH		DFND	Spectrum Asset Management Inc.	0	0	330
PROSHARES TR	SHORT S&P 500 NE	74347B425	9,154,568	659,551	SH		SOLE	Spectrum Asset Management Inc.	659,551	0	0
QUALCOMM INC	COM	747525103	1,315,988	11,055	SH		SOLE	Spectrum Asset Management Inc.	11,055	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	354,909	3,623	SH		SOLE	Spectrum Asset Management Inc.	3,623	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	17,143	175	SH		DFND	Spectrum Asset Management Inc.	0	0	175
ROCKWELL AUTOMATION INC	COM	773903109	1,233,791	3,745	SH		SOLE	Spectrum Asset Management Inc.	3,745	0	0
SCHLUMBERGER LTD	COM STK	806857108	978,979	19,914	SH		SOLE	Spectrum Asset Management Inc.	19,914	0	0
SCHWAB CHARLES CORP	COM	808513105	3,734,324	65,884	SH		SOLE	Spectrum Asset Management Inc.	65,884	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	15,803,213	235,552	SH		SOLE	Spectrum Asset Management Inc.	235,552	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	7,053,035	94,103	SH		SOLE	Spectrum Asset Management Inc.	94,103	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	2,301,279	64,552	SH		SOLE	Spectrum Asset Management Inc.	64,552	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,972,889	38,160	SH		SOLE	Spectrum Asset Management Inc.	38,160	0	0
SCHWAB STRATEGIC TR	INT-TRM U.S TRES	808524854	346,439	7,030	SH		SOLE	Spectrum Asset Management Inc.	7,030	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	212,426	4,420	SH		SOLE	Spectrum Asset Management Inc.	4,420	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	3,205,779	39,495	SH		SOLE	Spectrum Asset Management Inc.	39,495	0	0
SEMPRA	COM	816851109	2,925,088	20,091	SH		SOLE	Spectrum Asset Management Inc.	20,091	0	0
SPDR GOLD TR	GOLD SHS	78463V107	223,551	1,254	SH		SOLE	Spectrum Asset Management Inc.	1,254	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	256,578	7,885	SH		SOLE	Spectrum Asset Management Inc.	7,885	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,144,792	2,573	SH		SOLE	Spectrum Asset Management Inc.	2,573	0	0
TENON MEDICAL INC	COM	88066N105	58,834	213,786	SH		SOLE	Spectrum Asset Management Inc.	213,786	0	0
TESLA INC	COM	88160R101	1,354,213	5,173	SH		SOLE	Spectrum Asset Management Inc.	5,173	0	0
TEXAS INSTRS INC	COM	882508104	326,737	1,815	SH		SOLE	Spectrum Asset Management Inc.	1,815	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	554,178	1,153	SH		SOLE	Spectrum Asset Management Inc.	1,153	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,557,676	9,039	SH		SOLE	Spectrum Asset Management Inc.	9,039	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	425,805	1,933	SH		SOLE	Spectrum Asset Management Inc.	1,933	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	3,332,594	16,534	SH		SOLE	Spectrum Asset Management Inc.	16,534	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	918,852	19,897	SH		SOLE	Spectrum Asset Management Inc.	19,897	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,539,958	41,408	SH		SOLE	Spectrum Asset Management Inc.	41,408	0	0
VICI PPTYS INC	COM	925652109	13,763	433	SH		DFND	Spectrum Asset Management Inc.	0	0	433
VISA INC	COM CL A	92826C839	435,786	1,835	SH		SOLE	Spectrum Asset Management Inc.	1,835	0	0
VOLITIONRX LTD	COM	928661107	77,279	55,596	SH		SOLE	Spectrum Asset Management Inc.	55,596	0	0
WALMART INC	COM	931142103	1,524,327	9,698	SH		SOLE	Spectrum Asset Management Inc.	9,698	0	0