Spectrum Asset Management, Inc. Concentrated Active

Location: Stamford, CT

CIK: 0001318293 · Show all filings

Period: Q1 2017 (← Previous) (Next →)

Filing Date: May 11, 2017

Total Value: $1.08B (100.0% shares, 0.0% debt)

Holdings (22)

— LLOYDS BANKING GROUP PLC 17.3%

Value $187M Shares 176,692,000 Share Price $1.06 Est. Cost/Share $0.98 Unrealized @ Report Date —

— HSBC HLDGS PLC 16.8%

Value $181M Shares 170,155,000 Share Price $1.06 Est. Cost/Share $1.01 Unrealized @ Report Date —

— BARCLAYS PLC 14.3%

Value $155M Shares 147,369,000 Share Price $1.05 Est. Cost/Share $0.98 Unrealized @ Report Date —

— ROYAL BK OF SCOTLAND PLC 13.2%

Value $143M Shares 144,880,000 Share Price $0.99 Est. Cost/Share $0.92 Unrealized @ Report Date —

— WELLS FARGO & CO NEW 9.4%

Value $102M Shares 82,101 Share Price $1239.02 Est. Cost/Share $1179.41 Unrealized @ Report Date —

— ING GROEP N V 5.0%

Value $54.15M Shares 54,500,000 Share Price $0.99 Est. Cost/Share $0.96 Unrealized @ Report Date —

— BARCLAYS PLC 4.9%

Value $53.05M Shares 53,191,000 Share Price $1.00 Est. Cost/Share $0.89 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 3.4%

Value $36.62M Shares 1,461,281 Share Price $25.06 Est. Cost/Share $21.62 Unrealized @ Report Date —

— ROYAL BK OF SCOTLAND PLC 3.2%

Value $34.32M Shares 34,500,000 Share Price $0.99 Est. Cost/Share $0.93 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 2.7%

Value $29.19M Shares 28,000,000 Share Price $1.04 Est. Cost/Share $0.99 Unrealized @ Report Date —

— HSBC HLDGS PLC 2.5%

Value $26.68M Shares 1,029,908 Share Price $25.90 Est. Cost/Share $24.92 Unrealized @ Report Date —

STANLN V7.75 PERP REGS STANDARD CHARTERED PLC 1.4%

Value $15.45M Shares 15,000,000 Share Price $1.03 Est. Cost/Share $1.03 Unrealized @ Report Date —

ANZ 4.4 05/19/26 REGS AUSTRALIA & NEW ZEALA BKG 14 1.4%

Value $15.39M Shares 15,000,000 Share Price $1.03 Est. Cost/Share $1.06 Unrealized @ Report Date —

— BLACKROCK CR ALLCTN INC TR 1.2%

Value $12.72M Shares 966,571 Share Price $13.16 Est. Cost/Share $12.98 Unrealized @ Report Date —

— HANCOCK JOHN PFD INCOME FD I 1.1%

Value $11.92M Shares 646,421 Share Price $18.44 Est. Cost/Share $18.21 Unrealized @ Report Date —

STANLN V6.5 PERP REGS STANDARD CHARTERED PLC 0.9%

Value $9.826M Shares 10,000,000 Share Price $0.98 Est. Cost/Share $0.92 Unrealized @ Report Date —

STANLN V7.5 PERP REGS STANDARD CHARTERED PLC 0.8%

Value $8.264M Shares 8,000,000 Share Price $1.03 Est. Cost/Share $1.03 Unrealized @ Report Date —

— BARCLAYS BANK PLC 0.2%

Value $1.964M Shares 75,944 Share Price $25.86 Est. Cost/Share $25.34 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 0.1%

Value $1.195M Shares 47,130 Share Price $25.36 Est. Cost/Share $25.16 Unrealized @ Report Date —

— ROYAL BK SCOTLAND GROUP PLC 0.1%

Value $981K Shares 38,115 Share Price $25.74 Est. Cost/Share $26.94 Unrealized @ Report Date —

— NATIONAL WESTMINSTER BK PLC 0.1%

Value $581K Shares 22,316 Share Price $26.04 Est. Cost/Share $25.50 Unrealized @ Report Date —

PFF ISHARES TR 0.0%

Value $426K Shares 11,017 Share Price $38.67 Est. Cost/Share $38.00 Unrealized @ Report Date +1.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	LLOYDS BANKING GROUP PLC	176,692,000	$187M	17.3%	$1.06	$0.98	—	SDCV 7.500%12/3	539439AG4
—	HSBC HLDGS PLC	170,155,000	$181M	16.8%	$1.06	$1.01	—	NOTE 6.875%12/3	404280BC2
—	BARCLAYS PLC	147,369,000	$155M	14.3%	$1.05	$0.98	—	NOTE 8.250%12/3	06738EAA3
—	ROYAL BK OF SCOTLAND PLC	144,880,000	$143M	13.2%	$0.99	$0.92	—	DEBT 7.500%12/3	780099CJ4
—	WELLS FARGO & CO NEW	82,101	$102M	9.4%	$1239.02	$1179.41	—	PERP PFD CNV A	949746804
—	ING GROEP N V	54,500,000	$54.15M	5.0%	$0.99	$0.96	—	DBCV 6.500%12/3	456837AF0
—	BARCLAYS PLC	53,191,000	$53.05M	4.9%	$1.00	$0.89	—	NOTE 6.625%12/3	06738EAB1
—	ROYAL BK SCOTLAND GROUP PLC	1,461,281	$36.62M	3.4%	$25.06	$21.62	—	SP ADR L RP PF	780097788
—	ROYAL BK OF SCOTLAND PLC	34,500,000	$34.32M	3.2%	$0.99	$0.93	—	NOTE 8.000%12/3	780099CK1
—	ROYAL BK SCOTLAND GROUP PLC	28,000,000	$29.19M	2.7%	$1.04	$0.99	—	NOTE 8.625%12/3	780097BB6
—	HSBC HLDGS PLC	1,029,908	$26.68M	2.5%	$25.90	$24.92	—	ADR A 1/40PF A	404280604
STANLN V7.75 PERP REGS	STANDARD CHARTERED PLC	15,000,000	$15.45M	1.4%	$1.03	$1.03	—	DEBT 7.750%12/3	G84228CX4
ANZ 4.4 05/19/26 REGS	AUSTRALIA & NEW ZEALA BKG 14	15,000,000	$15.39M	1.4%	$1.03	$1.06	—	DEBT 4.400% 5/1	Q0426RND6
—	BLACKROCK CR ALLCTN INC TR	966,571	$12.72M	1.2%	$13.16	$12.98	—	COM	092508100
—	HANCOCK JOHN PFD INCOME FD I	646,421	$11.92M	1.1%	$18.44	$18.21	—	COM	41021P103
STANLN V6.5 PERP REGS	STANDARD CHARTERED PLC	10,000,000	$9.826M	0.9%	$0.98	$0.92	—	DEBT 6.500%12/3	G84228CE6
STANLN V7.5 PERP REGS	STANDARD CHARTERED PLC	8,000,000	$8.264M	0.8%	$1.03	$1.03	—	DEBT 7.500%12/3	G84228CQ9
—	BARCLAYS BANK PLC	75,944	$1.964M	0.2%	$25.86	$25.34	—	ADR PFD SR 5	06739H362
—	ROYAL BK SCOTLAND GROUP PLC	47,130	$1.195M	0.1%	$25.36	$25.16	—	SP ADR PREF S	780097739
—	ROYAL BK SCOTLAND GROUP PLC	38,115	$981K	0.1%	$25.74	$26.94	—	SPON ADR SER H	780097879
—	NATIONAL WESTMINSTER BK PLC	22,316	$581K	0.1%	$26.04	$25.50	—	SPON ADR C	638539882
PFF	ISHARES TR	11,017	$426K	0.0%	$38.67	$38.00	+1.8%	U.S. PFD STK ETF	464288687