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	2,950,465	25,879	SH		SOLE	Spectrum Asset Management Inc.	25,879	0	0
ABBVIE INC	COM	00287Y109	4,358,229	22,069	SH		SOLE	Spectrum Asset Management Inc.	22,069	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	4,196,162	11,871	SH		SOLE	Spectrum Asset Management Inc.	11,871	0	0
ADOBE INC	COM	00724F101	285,297	551	SH		SOLE	Spectrum Asset Management Inc.	551	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	284,679	1,735	SH		SOLE	Spectrum Asset Management Inc.	1,735	0	0
ALPHABET INC	CAP STK CL A	02079K305	892,304	5,380	SH		SOLE	Spectrum Asset Management Inc.	5,380	0	0
ALPHABET INC	CAP STK CL C	02079K107	450,606	2,695	SH		SOLE	Spectrum Asset Management Inc.	2,695	0	0
APPLE INC	COM	037833100	1,018,081	4,369	SH		SOLE	Spectrum Asset Management Inc.	4,369	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	4,119,327	8,950	SH		SOLE	Spectrum Asset Management Inc.	8,950	0	0
BORGWARNER INC	COM	099724106	2,157,711	59,457	SH		SOLE	Spectrum Asset Management Inc.	59,457	0	0
CHEVRON CORP NEW	COM	166764100	4,790,220	32,527	SH		SOLE	Spectrum Asset Management Inc.	32,527	0	0
CHEVRON CORP NEW	COM	166764100	15,464	105	SH		DFND	Spectrum Asset Management Inc.	0	0	105
CISCO SYS INC	COM	17275R102	3,397,928	63,847	SH		SOLE	Spectrum Asset Management Inc.	63,847	0	0
CISCO SYS INC	COM	17275R102	17,191	323	SH		DFND	Spectrum Asset Management Inc.	0	0	323
CONSTELLATION ENERGY CORP	COM	21037T109	3,945,024	15,172	SH		SOLE	Spectrum Asset Management Inc.	15,172	0	0
CORE LABORATORIES INC	COM	21867A105	702,121	37,891	SH		SOLE	Spectrum Asset Management Inc.	37,891	0	0
COSTCO WHSL CORP NEW	COM	22160K105	1,815,092	2,047	SH		SOLE	Spectrum Asset Management Inc.	2,047	0	0
DEERE & CO	COM	244199105	451,641	1,078	SH		SOLE	Spectrum Asset Management Inc.	1,078	0	0
DIGITAL RLTY TR INC	COM	253868103	753,805	4,658	SH		SOLE	Spectrum Asset Management Inc.	4,658	0	0
DISNEY WALT CO	COM	254687106	2,413,651	25,093	SH		SOLE	Spectrum Asset Management Inc.	25,093	0	0
DISNEY WALT CO	CALL	254687106	17,110	12,000	PRN	Call	SOLE	Spectrum Asset Management Inc.	12,000	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,920,048	33,999	SH		SOLE	Spectrum Asset Management Inc.	33,999	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	22,369	194	SH		DFND	Spectrum Asset Management Inc.	0	0	194
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,511,184	38,054	SH		SOLE	Spectrum Asset Management Inc.	38,054	0	0
ELBIT SYS LTD	ORD	M3760D101	762,381	3,810	SH		SOLE	Spectrum Asset Management Inc.	3,810	0	0
EMERSON ELEC CO	COM	291011104	3,151,497	28,815	SH		SOLE	Spectrum Asset Management Inc.	28,815	0	0
EXXON MOBIL CORP	COM	30231G102	3,496,506	29,829	SH		SOLE	Spectrum Asset Management Inc.	29,829	0	0
EXXON MOBIL CORP	COM	30231G102	19,342	165	SH		DFND	Spectrum Asset Management Inc.	0	0	165
FIRST TR EXCHNG TRADED FD VI	FT VEST US EQT	33740F680	6,880,070	171,787	SH		SOLE	Spectrum Asset Management Inc.	171,787	0	0
FIRST TR EXCHNG TRADED FD VI	FT VEST US EQT	33740F615	5,297,576	141,874	SH		SOLE	Spectrum Asset Management Inc.	141,874	0	0
FIRST TR EXCHNG TRADED FD VI	FT VEST US	33740F771	4,862,961	116,506	SH		SOLE	Spectrum Asset Management Inc.	116,506	0	0
FIRST TR EXCHNG TRADED FD VI	FT VEST US EQT	33740F698	454,268	10,970	SH		SOLE	Spectrum Asset Management Inc.	10,970	0	0
FIRST TR EXCHNG TRADED FD VI	FT VEST US EQT	33740F730	367,924	9,205	SH		SOLE	Spectrum Asset Management Inc.	9,205	0	0
GE HEALTHCARE TECHNOLOGIES I	COMMON STOCK	36266G107	849,155	9,048	SH		SOLE	Spectrum Asset Management Inc.	9,048	0	0
GENERAL DYNAMICS CORP	COM	369550108	4,932,598	16,322	SH		SOLE	Spectrum Asset Management Inc.	16,322	0	0
GENERAL DYNAMICS CORP	COM	369550108	21,154	70	SH		DFND	Spectrum Asset Management Inc.	0	0	70
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	1,878,962	65,675	SH		SOLE	Spectrum Asset Management Inc.	65,675	0	0
GLOBAL X FDS	GLBL X MLP ETF	37954Y343	349,690	7,288	SH		SOLE	Spectrum Asset Management Inc.	7,288	0	0
HEARTBEAM INC	COM	42238H108	126,208	54,400	SH		SOLE	Spectrum Asset Management Inc.	54,400	0	0
HONEYWELL INTL INC	COM	438516106	4,636,083	22,428	SH		SOLE	Spectrum Asset Management Inc.	22,428	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	265,296	1,200	SH		SOLE	Spectrum Asset Management Inc.	1,200	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	11,988,490	66,915	SH		SOLE	Spectrum Asset Management Inc.	66,915	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	12,409,941	249,697	SH		SOLE	Spectrum Asset Management Inc.	249,697	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	4,234,668	59,193	SH		SOLE	Spectrum Asset Management Inc.	59,193	0	0
ISHARES INC	MSCI FRANCE ETF	464286707	736,977	18,242	SH		SOLE	Spectrum Asset Management Inc.	18,242	0	0
ISHARES TR	MSCI USA MIN VOL	46429B697	10,825,119	118,553	SH		SOLE	Spectrum Asset Management Inc.	118,553	0	0
ISHARES TR	CORE S&P MCP ETF	464287507	2,537,411	40,716	SH		SOLE	Spectrum Asset Management Inc.	40,716	0	0
ISHARES TR	ESG AWR MSCI USA	46435G425	2,441,023	19,346	SH		SOLE	Spectrum Asset Management Inc.	19,346	0	0
ISHARES TR	US AER DEF ETF	464288760	2,198,563	14,692	SH		SOLE	Spectrum Asset Management Inc.	14,692	0	0
ISHARES TR	20 YR TR BD ETF	464287432	821,097	8,370	SH		SOLE	Spectrum Asset Management Inc.	8,370	0	0
ISHARES TR	IBONDS 27 TRM TS	46436E841	468,187	20,684	SH		SOLE	Spectrum Asset Management Inc.	20,684	0	0
ISHARES TR	IBONDS 26 TRM TS	46436E858	322,080	13,964	SH		SOLE	Spectrum Asset Management Inc.	13,964	0	0
ISHARES TR	IBONDS 25 TRM TS	46436E866	321,393	13,723	SH		SOLE	Spectrum Asset Management Inc.	13,723	0	0
ISHARES TR	CORE S&P500 ETF	464287200	301,677	523	SH		SOLE	Spectrum Asset Management Inc.	523	0	0
ISHARES TR	RUS 1000 ETF	464287622	204,040	649	SH		SOLE	Spectrum Asset Management Inc.	649	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	3,567,000	14,996	SH		SOLE	Spectrum Asset Management Inc.	14,996	0	0
MAXIMUS INC	COM	577933104	765,217	8,214	SH		SOLE	Spectrum Asset Management Inc.	8,214	0	0
MCDONALDS CORP	COM	580135101	672,045	2,207	SH		SOLE	Spectrum Asset Management Inc.	2,207	0	0
MCKESSON CORP	COM	58155Q103	297,078	600	SH		SOLE	Spectrum Asset Management Inc.	600	0	0
MEDTRONIC PLC	SHS	G5960L103	3,653,788	40,271	SH		SOLE	Spectrum Asset Management Inc.	40,271	0	0
MEDTRONIC PLC	SHS	G5960L103	16,604	183	SH		DFND	Spectrum Asset Management Inc.	0	0	183
MERCADOLIBRE INC	COM	58733R102	453,484	221	SH		SOLE	Spectrum Asset Management Inc.	221	0	0
MICRON TECHNOLOGY INC	COM	595112103	820,554	7,912	SH		SOLE	Spectrum Asset Management Inc.	7,912	0	0
MICROSOFT CORP	COM	594918104	5,572,732	12,951	SH		SOLE	Spectrum Asset Management Inc.	12,951	0	0
MICROSOFT CORP	COM	594918104	14,631	34	SH		DFND	Spectrum Asset Management Inc.	0	0	34
MORNINGSTAR INC	COM	617700109	575,961	1,805	SH		SOLE	Spectrum Asset Management Inc.	1,805	0	0
NVIDIA CORPORATION	PUT	67066G104	1,970	17,000	PRN	Put	SOLE	Spectrum Asset Management Inc.	17,000	0	0
NVIDIA CORPORATION	COM	67066G104	221,015	1,820	SH		SOLE	Spectrum Asset Management inc.	1,820	0	0
OCCIDENTAL PETE CORP	COM	674599105	601,202	11,593	SH		SOLE	Spectrum Asset Management Inc.	11,593	0	0
ORACLE CORP	COM	68389X105	4,802,796	28,185	SH		SOLE	Spectrum Asset Management Inc.	28,185	0	0
PAYPAL HLDGS INC	COM	70450Y103	313,681	4,020	SH		SOLE	Spectrum Asset Management Inc.	4,020	0	0
PEPSICO INC	COM	713448108	353,164	2,077	SH		SOLE	Spectrum Asset Management Inc.	2,077	0	0
PFIZER INC	COM	717081103	463,334	16,010	SH		SOLE	Spectrum Asset Management Inc.	16,010	0	0
PFIZER INC	CALL	717081103	10,783	9,500	PRN	Call	SOLE	Spectrum Asset Management Inc.	9,500	0	0
PFIZER INC	COM	717081103	9,551	330	SH		DFND	Spectrum Asset Management Inc.	0	0	330
ROCKWELL AUTOMATION INC	COM	773903109	687,795	2,562	SH		SOLE	Spectrum Asset Management Inc.	2,562	0	0
RTX CORPORATION	COM	75513E101	1,371,249	11,318	SH		SOLE	Spectrum Asset Management Inc.	11,318	0	0
RTX CORPORATION	COM	75513E101	23,021	190	SH		DFND	Spectrum Asset Management Inc.	0	0	190
SCHLUMBERGER LTD	COM STK	806857108	675,217	15,991	SH		SOLE	Spectrum Asset Management Inc.	15,991	0	0
SCHWAB CHARLES CORP	COM	808513105	4,223,495	65,167	SH		SOLE	Spectrum Asset Management Inc.	65,167	0	0
SCHWAB CHARLES FAMILY FD	AMT TAX FREE MNY	808515530	1,150,000	1,150,000	SH		SOLE	Spectrum Asset Management Inc.	1,150,000	0	0
SCHWAB STRATEGIC TR	US LCAP VA ETF	808524409	15,926,284	198,162	SH		SOLE	Spectrum Asset Management Inc.	198,162	0	0
SCHWAB STRATEGIC TR	US LCAP GR ETF	808524300	9,653,309	92,660	SH		SOLE	Spectrum Asset Management Inc.	92,660	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	5,990,341	145,679	SH		SOLE	Spectrum Asset Management Inc.	145,679	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	2,016,386	30,312	SH		SOLE	Spectrum Asset Management Inc.	30,312	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	2,847,899	35,255	SH		SOLE	Spectrum Asset Management Inc.	35,255	0	0
SELECT SECTOR SPDR TR	ENERGY	81369Y506	1,690,099	19,249	SH		SOLE	Spectrum Asset Management Inc.	19,249	0	0
SEMPRA	COM	816851109	441,454	5,279	SH		SOLE	Spectrum Asset Management Inc.	5,279	0	0
SPDR GOLD TR	GOLD SHS	78463V107	263,234	1,083	SH		SOLE	Spectrum Asset Management Inc.	1,083	0	0
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	297,526	7,921	SH		SOLE	Spectrum Asset Management Inc.	7,921	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,470,098	2,554	SH		SOLE	Spectrum Asset Management Inc.	2,554	0	0
TENON MEDICAL INC	*W EXP 06/16/202	88066N113	32,635	1,070,000	SH		SOLE	Spectrum Asset Management Inc.	1,070,000	0	0
TENON MEDICAL INC	COM	88066N303	42,506	10,025	SH		SOLE	Spectrum Asset Management Inc.	10,025	0	0
TEXAS INSTRS INC	COM	882508104	355,840	1,723	SH		SOLE	Spectrum Asset Management Inc.	1,723	0	0
ULTA BEAUTY INC	COM	90384S303	2,443,674	6,280	SH		SOLE	Spectrum Asset Management Inc.	6,280	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,480,002	5,952	SH		SOLE	Spectrum Asset Management Inc.	5,952	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	2,928,235	7,627	SH		SOLE	Spectrum Asset Management Inc.	7,627	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	439,116	1,546	SH		SOLE	Spectrum Asset Management Inc.	1,546	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	8,147,287	114,589	SH		SOLE	Spectrum Asset Management Inc.	114,589	0	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	877,217	3,373	SH		SOLE	Spectrum Asset Management Inc.	3,373	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	708,167	13,410	SH		SOLE	Spectrum Asset Management Inc.	13,410	0	0
VEEVA SYS INC	CL A COM	922475108	275,980	1,315	SH		SOLE	Spectrum Asset Management Inc.	1,315	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,331,120	74,173	SH		SOLE	Spectrum Asset Management Inc.	74,173	0	0
VERTIV HOLDINGS CO	COM CL A	92537N108	911,329	9,160	SH		SOLE	Spectrum Asset Management Inc.	9,160	0	0
VISA INC	COM CL A	92826C839	540,995	1,968	SH		SOLE	Spectrum Asset Management Inc.	1,968	0	0
WALMART INC	COM	931142103	6,339,309	78,505	SH		SOLE	Spectrum Asset Management Inc.	78,505	0	0