Spectrum Asset Management, Inc. Concentrated Active

Location: Stamford, CT

CIK: 0001318293 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 13, 2017

Total Value: $1.145B (100.0% shares, 0.0% debt)

Holdings (23)

— LLOYDS BANKING GROUP PLC 17.2%

Value $196M Shares 190,692,000 Share Price $1.03 Est. Cost/Share $0.98 Unrealized @ Report Date —

— HSBC HLDGS PLC 15.9%

Value $182M Shares 172,105,000 Share Price $1.06 Est. Cost/Share $1.01 Unrealized @ Report Date —

— BARCLAYS PLC 13.6%

Value $155M Shares 149,235,000 Share Price $1.04 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ROYAL BK OF SCOTLAND PLC 12.4%

Value $141M Shares 149,280,000 Share Price $0.95 Est. Cost/Share $0.92 Unrealized @ Report Date —

— WELLS FARGO & CO NEW 8.5%

Value $97.7M Shares 82,101 Share Price $1190.01 Est. Cost/Share $1179.41 Unrealized @ Report Date —

— BARCLAYS PLC 7.3%

Value $83.99M Shares 89,698,000 Share Price $0.94 Est. Cost/Share $0.89 Unrealized @ Report Date —

— ING GROEP N V 4.6%

Value $52.56M Shares 54,500,000 Share Price $0.96 Est. Cost/Share $0.96 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 3.1%

Value $35.12M Shares 1,475,797 Share Price $23.80 Est. Cost/Share $21.62 Unrealized @ Report Date —

— ROYAL BK OF SCOTLAND PLC 2.9%

Value $33.23M Shares 34,700,000 Share Price $0.96 Est. Cost/Share $0.93 Unrealized @ Report Date —

— HSBC HLDGS PLC 2.8%

Value $31.7M Shares 1,257,724 Share Price $25.20 Est. Cost/Share $24.92 Unrealized @ Report Date —

— BARCLAYS BANK PLC 2.4%

Value $27.77M Shares 1,094,370 Share Price $25.38 Est. Cost/Share $25.02 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 2.0%

Value $22.44M Shares 22,000,000 Share Price $1.02 Est. Cost/Share $0.98 Unrealized @ Report Date —

PFF ISHARES TR 1.5%

Value $17.57M Shares 472,317 Share Price $37.21 Est. Cost/Share $38.00 Unrealized @ Report Date -2.1%

ANZ 4.4 05/19/26 REGS AUSTRALIA & NEW ZEALA BKG 14 1.3%

Value $15.19M Shares 15,000,000 Share Price $1.01 Est. Cost/Share $1.06 Unrealized @ Report Date —

— BARCLAYS BANK PLC 1.3%

Value $14.71M Shares 575,937 Share Price $25.54 Est. Cost/Share $25.34 Unrealized @ Report Date —

— BLACKROCK CR ALLCTN INC TR 1.1%

Value $12.54M Shares 966,571 Share Price $12.97 Est. Cost/Share $12.98 Unrealized @ Report Date —

— HANCOCK JOHN PFD INCOME FD I 1.0%

Value $11.47M Shares 646,421 Share Price $17.74 Est. Cost/Share $18.21 Unrealized @ Report Date —

STANLN V6.5 PERP REGS STANDARD CHARTERED PLC 0.8%

Value $9.13M Shares 10,000,000 Share Price $0.91 Est. Cost/Share $0.92 Unrealized @ Report Date —

— KEYCORP NEW 0.2%

Value $1.734M Shares 12,841 Share Price $135.04 Est. Cost/Share $129.23 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 0.1%

Value $1.204M Shares 47,605 Share Price $25.29 Est. Cost/Share $26.94 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 0.1%

Value $1.126M Shares 44,956 Share Price $25.05 Est. Cost/Share $25.15 Unrealized @ Report Date —

— NATIONAL WESTMINSTER BK PLC 0.0%

Value $572K Shares 22,316 Share Price $25.63 Est. Cost/Share $25.50 Unrealized @ Report Date —

LQD ISHARES TR 0.0%

Value $515K Shares 4,397 Share Price $117.13 Est. Cost/Share $118.85 Unrealized @ Report Date -1.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	LLOYDS BANKING GROUP PLC	190,692,000	$196M	17.2%	$1.03	$0.98	—	SDCV 7.500%12/3	539439AG4
—	HSBC HLDGS PLC	172,105,000	$182M	15.9%	$1.06	$1.01	—	NOTE 6.875%12/3	404280BC2
—	BARCLAYS PLC	149,235,000	$155M	13.6%	$1.04	$0.98	—	NOTE 8.250%12/3	06738EAA3
—	ROYAL BK OF SCOTLAND PLC	149,280,000	$141M	12.4%	$0.95	$0.92	—	DEBT 7.500%12/3	780099CJ4
—	WELLS FARGO & CO NEW	82,101	$97.7M	8.5%	$1190.01	$1179.41	—	PERP PFD CNV A	949746804
—	BARCLAYS PLC	89,698,000	$83.99M	7.3%	$0.94	$0.89	—	NOTE 6.625%12/3	06738EAB1
—	ING GROEP N V	54,500,000	$52.56M	4.6%	$0.96	$0.96	—	DBCV 6.500%12/3	456837AF0
—	ROYAL BK SCOTLAND GROUP PLC	1,475,797	$35.12M	3.1%	$23.80	$21.62	—	SP ADR L RP PF	780097788
—	ROYAL BK OF SCOTLAND PLC	34,700,000	$33.23M	2.9%	$0.96	$0.93	—	NOTE 8.000%12/3	780099CK1
—	HSBC HLDGS PLC	1,257,724	$31.7M	2.8%	$25.20	$24.92	—	ADR A 1/40PF A	404280604
—	BARCLAYS BANK PLC	1,094,370	$27.77M	2.4%	$25.38	$25.02	—	SP ADR 7.1%PF3	06739H776
—	ROYAL BK SCOTLAND GROUP PLC	22,000,000	$22.44M	2.0%	$1.02	$0.98	—	NOTE 8.625%12/3	780097BB6
PFF	ISHARES TR	472,317	$17.57M	1.5%	$37.21	$38.00	-2.1%	U.S. PFD STK ETF	464288687
ANZ 4.4 05/19/26 REGS	AUSTRALIA & NEW ZEALA BKG 14	15,000,000	$15.19M	1.3%	$1.01	$1.06	—	DEBT 4.400% 5/1	Q0426RND6
—	BARCLAYS BANK PLC	575,937	$14.71M	1.3%	$25.54	$25.34	—	ADR PFD SR 5	06739H362
—	BLACKROCK CR ALLCTN INC TR	966,571	$12.54M	1.1%	$12.97	$12.98	—	COM	092508100
—	HANCOCK JOHN PFD INCOME FD I	646,421	$11.47M	1.0%	$17.74	$18.21	—	COM	41021P103
STANLN V6.5 PERP REGS	STANDARD CHARTERED PLC	10,000,000	$9.13M	0.8%	$0.91	$0.92	—	DEBT 6.500%12/3	G84228CE6
—	KEYCORP NEW	12,841	$1.734M	0.2%	$135.04	$129.23	—	PFD 7.75% SR A	493267405
—	ROYAL BK SCOTLAND GROUP PLC	47,605	$1.204M	0.1%	$25.29	$26.94	—	SPON ADR SER H	780097879
—	ROYAL BK SCOTLAND GROUP PLC	44,956	$1.126M	0.1%	$25.05	$25.15	—	SP ADR PREF S	780097739
—	NATIONAL WESTMINSTER BK PLC	22,316	$572K	0.0%	$25.63	$25.50	—	SPON ADR C	638539882
LQD	ISHARES TR	4,397	$515K	0.0%	$117.13	$118.85	-1.4%	IBOXX INV CP ETF	464287242