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	1,540,109	15,902	SH		SOLE	Spectrum Asset Management Inc.	15,902	0	0
ABBVIE INC	COM	00287Y109	3,367,945	22,595	SH		SOLE	Spectrum Asset Management Inc.	22,595	0	0
ABRDN ASIA PACIFIC INCOME FU	COM	003009107	27,458	11,207	SH		SOLE	Spectrum Asset Management Inc.	11,207	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,473,107	11,309	SH		SOLE	Spectrum Asset Management Inc.	11,309	0	0
ADOBE INC	COM	00724F101	467,579	917	SH		SOLE	Spectrum Asset Management Inc.	917	0	0
ALKERMES PLC	SHS	G01767105	311,892	11,135	SH		SOLE	Spectrum Asset Management Inc.	11,135	0	0
ALPHABET INC	CAP STK CL A	02079K305	819,184	6,260	SH		SOLE	Spectrum Asset Management Inc.	6,260	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	2,712,808	88,567	SH		SOLE	Spectrum Asset Management Inc.	88,567	0	0
APPLE INC	COM	037833100	3,424,517	20,002	SH		SOLE	Spectrum Asset Management Inc.	20,002	0	0
APPLE INC	PUT	037833100	10,054	3,300	PRN	Put	SOLE	Spectrum Asset Management Inc.	3,300	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,877,715	8,215	SH		SOLE	Spectrum Asset Management Inc.	8,215	0	0
BORGWARNER INC	COM	099724106	2,154,467	53,368	SH		SOLE	Spectrum Asset Management Inc.	53,368	0	0
BUNGE LIMITED	COM	G16962105	2,991,706	27,637	SH		SOLE	Spectrum Asset Management Inc.	27,637	0	0
CALIDI BIOTHERAPEUTICS INC	COM NEW	320703101	276,797	83,247	SH		SOLE	Spectrum Asset Management Inc.	83,247	0	0
CF INDS HLDGS INC	COM	125269100	3,141,428	36,639	SH		SOLE	Spectrum Asset Management Inc.	36,639	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	2,710,661	31,435	SH		SOLE	Spectrum Asset Management Inc.	31,435	0	0
CHEVRON CORP NEW	COM	166764100	7,352,322	43,603	SH		SOLE	Spectrum Asset Management Inc.	43,603	0	0
CHEVRON CORP NEW	COM	166764100	17,706	105	SH		DFND	Spectrum Asset Management Inc.	0	0	105
CISCO SYS INC	COM	17275R102	4,551,079	84,655	SH		SOLE	Spectrum Asset Management Inc.	84,655	0	0
CISCO SYS INC	COM	17275R102	17,365	323	SH		DFND	Spectrum Asset Management Inc.	0	0	323
CONOCOPHILLIPS	COM	20825C104	968,703	8,086	SH		SOLE	Spectrum Asset Management Inc.	8,086	0	0
CONOCOPHILLIPS	COM	20825C104	18,210	152	SH		DFND	Spectrum Asset Management Inc.	0	0	152
COSTCO WHSL CORP NEW	COM	22160K105	1,146,483	2,029	SH		SOLE	Spectrum Asset Management Inc.	2,029	0	0
DEERE & CO	COM	244199105	1,185,804	3,131	SH		SOLE	Spectrum Asset Management Inc.	3,131	0	0
DISNEY WALT CO	COM	254687106	272,086	3,357	SH		SOLE	Spectrum Asset Management Inc.	3,357	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,816,377	31,910	SH		SOLE	Spectrum Asset Management Inc.	31,910	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	15,976	181	SH		DFND	Spectrum Asset Management Inc.	0	0	181
EMERSON ELEC CO	COM	291011104	2,441,483	25,282	SH		SOLE	Spectrum Asset Management Inc.	25,282	0	0
EXXON MOBIL CORP	COM	30231G102	4,328,066	36,810	SH		SOLE	Spectrum Asset Management Inc.	36,810	0	0
EXXON MOBIL CORP	COM	30231G102	19,401	165	SH		DFND	Spectrum Asset Management Inc.	0	0	165
GE HEALTHCARE TECHNOLOGIES I	COMMON STOCK	36266G107	651,279	9,572	SH		SOLE	Spectrum Asset Management Inc.	9,572	0	0
GENERAL DYNAMICS CORP	COM	369550108	2,955,474	13,375	SH		SOLE	Spectrum Asset Management Inc.	13,375	0	0
GENERAL DYNAMICS CORP	COM	369550108	15,468	70	SH		DFND	Spectrum Asset Management Inc.	0	0	70
GLOBAL X FDS	GLBL X MLP ETF	37954Y343	330,635	7,415	SH		SOLE	Spectrum Asset Management Inc.	7,415	0	0
HEARTBEAM INC	COM	42238H108	96,535	44,900	SH		SOLE	Spectrum Asset Management Inc.	44,900	0	0
HEXCEL CORP NEW	COM	428291108	664,233	10,197	SH		SOLE	Spectrum Asset Management Inc.	10,197	0	0
HONEYWELL INTL INC	COM	438516106	3,881,388	21,010	SH		SOLE	Spectrum Asset Management Inc.	21,010	0	0
IDEXX LABS INC	COM	45168D104	250,993	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
INMODE LTD	SHS	M5425M103	255,255	8,380	SH		SOLE	Spectrum Asset Management Inc.	8,380	0	0
INTEL CORP	COM	458140100	3,824,236	107,573	SH		SOLE	Spectrum Asset Management Inc.	107,573	0	0
INTEL CORP	CALL	458140100	48,837	10,000	PRN	Call	SOLE	Spectrum Asset Management Inc.	10,000	0	0
INTEL CORP	COM	458140100	9,243	260	SH		DFND	Spectrum Asset Management Inc.	0	0	260
INTUIT	COM	461202103	935,532	1,831	SH		SOLE	Spectrum Asset Management Inc.	1,831	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	4,841,322	34,168	SH		SOLE	Spectrum Asset Management Inc.	34,168	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	7,733,350	221,016	SH		SOLE	Spectrum Asset Management Inc.	221,016	0	0
ISHARES INC	MSCI SINGPOR ETF	46434G780	698,126	38,045	SH		SOLE	Spectrum Asset Management Inc.	38,045	0	0
ISHARES TR	US TREAS BD ETF	46429B267	17,308,900	785,340	SH		SOLE	Spectrum Asset Management Inc.	785,340	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	5,793,925	61,435	SH		SOLE	Spectrum Asset Management Inc.	61,435	0	0
ISHARES TR	MSCI USA MIN VOL	46429B697	3,906,208	53,681	SH		SOLE	Spectrum Asset Management Inc.	53,681	0	0
ISHARES TR	TRS FLT RT BD	46434V860	940,822	18,542	SH		SOLE	Spectrum Asset Management Inc.	18,542	0	0
ISHARES TR	20 YR TR BD ETF	464287432	795,993	8,975	SH		SOLE	Spectrum Asset Management Inc.	8,975	0	0
ISHARES TR	CORE S&P500 ETF	464287200	578,429	1,341	SH		SOLE	Spectrum Asset Management Inc.	1,341	0	0
ISHARES TR	RUS 1000 ETF	464287622	572,736	2,428	SH		SOLE	Spectrum Asset Management Inc.	2,428	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	338,050	4,175	SH		SOLE	Spectrum Asset Management Inc.	4,175	0	0
ISHARES TR	CORE TOTAL USD	46434V613	227,668	5,208	SH		SOLE	Spectrum Asset Management Inc.	5,208	0	0
MARRIOTT INTL INC NEW	CL A	571903202	397,052	2,020	SH		SOLE	Spectrum Asset Management Inc.	2,020	0	0
MCDONALDS CORP	COM	580135101	477,660	1,813	SH		SOLE	Spectrum Asset Management Inc.	1,813	0	0
MCKESSON CORP	COM	58155Q103	261,282	600	SH		SOLE	Spectrum Asset Management Inc.	600	0	0
MEDTRONIC PLC	SHS	G5960L103	3,216,483	40,688	SH		SOLE	Spectrum Asset Management Inc.	40,688	0	0
MEDTRONIC PLC	SHS	G5960L103	3,216,483	40,688	SH		SOLE	Spectrum Asset Management Inc.	40,688	0	0
MEDTRONIC PLC	SHS	G5960L103	13,281	168	SH		DFND	Spectrum Asset Management Inc.	0	0	168
MERCADOLIBRE INC	COM	58733R102	292,881	231	SH		SOLE	Spectrum Asset Management Inc.	231	0	0
MICROSOFT CORP	COM	594918104	3,873,173	12,267	SH		SOLE	Spectrum Asset Management Inc.	12,267	0	0
MICROSOFT CORP	COM	594918104	10,736	34	SH		DFND	Spectrum Asset Management Inc.	0	0	34
MORNINGSTAR INC	COM	617700109	421,632	1,800	SH		SOLE	Spectrum Asset Management Inc.	1,800	0	0
NIKE INC	CL B	654106103	382,287	3,984	SH		SOLE	Spectrum Asset Management Inc.	3,984	0	0
NORTHROP GRUMMAN CORP	COM	666807102	252,670	574	SH		SOLE	Spectrum Asset Management Inc.	574	0	0
NVIDIA CORPORATION	COM	67066G104	230,185	529	SH		SOLE	Spectrum Asset Management Inc.	529	0	0
ORACLE CORP	COM	68389X105	2,882,190	27,211	SH		SOLE	Spectrum Asset Management Inc.	27,211	0	0
PEPSICO INC	COM	713448108	416,423	2,458	SH		SOLE	Spectrum Asset Management Inc.	2,458	0	0
PFIZER INC	COM	717081103	222,571	6,710	SH		SOLE	Spectrum Asset Management Inc.	6,710	0	0
PFIZER INC	COM	717081103	10,947	330	SH		DFND	Spectrum Asset Management Inc.	0	0	330
PIONEER NAT RES CO	COM	723787107	212,793	927	SH		SOLE	Spectrum Asset Management Inc.	927	0	0
QUALCOMM INC	COM	747525103	1,226,658	11,045	SH		SOLE	Spectrum Asset Management Inc.	11,045	0	0
ROCKWELL AUTOMATION INC	COM	773903109	1,070,584	3,745	SH		SOLE	Spectrum Asset Management Inc.	3,745	0	0
RTX CORPORATION	COM	75513E101	259,359	3,604	SH		SOLE	Spectrum Asset Management Inc.	3,604	0	0
RTX CORPORATION	COM	75513E101	12,595	175	SH		DFND	Spectrum Asset Management Inc.	0	0	175
SCHLUMBERGER LTD	COM STK	806857108	1,089,094	18,599	SH		SOLE	Spectrum Asset Management Inc.	18,599	0	0
SCHWAB CHARLES CORP	COM	808513105	3,755,572	68,407	SH		SOLE	Spectrum Asset Management Inc.	68,407	0	0
SCHWAB CHARLES FAMILY FD	AMT TAX FREE MNY	808515530	4,343,000	4,343,000	SH		SOLE	Spectrum Asset Management Inc.	4,343,000	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	14,686,012	227,831	SH		SOLE	Spectrum Asset Management Inc.	227,831	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	6,659,868	91,582	SH		SOLE	Spectrum Asset Management Inc.	91,582	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	2,158,906	63,572	SH		SOLE	Spectrum Asset Management Inc.	63,572	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	1,900,799	38,130	SH		SOLE	Spectrum Asset Management Inc.	38,130	0	0
SCHWAB STRATEGIC TR	INT-TRM U.S TRES	808524854	365,783	7,630	SH		SOLE	Spectrum Asset Management Inc.	7,630	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	3,593,915	39,760	SH		SOLE	Spectrum Asset Management Inc.	39,760	0	0
SEMPRA	COM	816851109	2,760,415	40,225	SH		SOLE	Spectrum Asset Management Inc.	40,225	0	0
SPDR GOLD TR	GOLD SHS	78463V107	214,999	1,254	SH		SOLE	Spectrum Asset Management Inc.	1,254	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	244,514	7,885	SH		SOLE	Spectrum Asset Management Inc.	7,885	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,121,194	2,613	SH		SOLE	Spectrum Asset Management Inc.	2,613	0	0
TENON MEDICAL INC	COM	88066N105	168,237	1,082,606	SH		SOLE	Spectrum Asset Management Inc.	1,082,606	0	0
TENON MEDICAL INC	*W EXP 06/16/202	88066N113	43,656	1,070,000	SH		SOLE	Spectrum Asset Management Inc.	1,070,000	0	0
TESLA INC	COM	88160R101	1,279,448	5,113	SH		SOLE	Spectrum Asset Management Inc.	5,113	0	0
TEXAS INSTRS INC	COM	882508104	270,317	1,700	SH		SOLE	Spectrum Asset Management Inc.	1,700	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	581,332	1,153	SH		SOLE	Spectrum Asset Management Inc.	1,153	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,507,703	9,209	SH		SOLE	Spectrum Asset Management Inc.	9,209	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	410,592	1,933	SH		SOLE	Spectrum Asset Management Inc.	1,933	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	2,595,597	13,334	SH		SOLE	Spectrum Asset Management Inc.	13,334	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	875,076	20,015	SH		SOLE	Spectrum Asset Management Inc.	20,015	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,317,979	40,666	SH		SOLE	Spectrum Asset Management Inc.	40,666	0	0
VISA INC	COM CL A	92826C839	1,149,727	4,999	SH		SOLE	Spectrum Asset Management Inc.	4,999	0	0
VOLITIONRX LTD	COM	928661107	38,306	55,596	SH		SOLE	Spectrum Asset Management Inc.	55,596	0	0
WALMART INC	COM	931142103	3,808,800	23,815	SH		SOLE	Spectrum Asset Management Inc.	23,815	0	0