Spectrum Asset Management, (nb/ca) 13F annual report

Spectrum Asset Management, (nb/ca) is an investment fund managing more than $216 billion ran by Tony Jung. There are currently 75 companies in Mr. Jung’s portfolio. The largest investments include Schwab Strategic Tr and Ishares Gold Tr, together worth $43.3 billion.

$216 billion Assets Under Management (AUM)

As of 5th July 2024, Spectrum Asset Management, (nb/ca)’s top holding is 488,365 shares of Schwab Strategic Tr currently worth over $33.2 billion and making up 15.4% of the portfolio value. In addition, the fund holds 228,904 shares of Ishares Gold Tr worth $10.1 billion. The third-largest holding is Ishares Tr worth $21.7 billion and the next is Vanguard Intl Equity Index F worth $7.55 billion, with 113,031 shares owned.

Currently, Spectrum Asset Management, (nb/ca)'s portfolio is worth at least $216 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Spectrum Asset Management, (nb/ca)

The Spectrum Asset Management, (nb/ca) office and employees reside in Newport Beach, California. According to the last 13-F report filed with the SEC, Tony Jung serves as the COO at Spectrum Asset Management, (nb/ca).

Recent trades

In the most recent 13F filing, Spectrum Asset Management, (nb/ca) revealed that it had opened a new position in Constellation Energy Corp and bought 13,932 shares worth $2.79 billion.

The investment fund also strengthened its position in Ishares Tr by buying 12,814 additional shares. This makes their stake in Ishares Tr total 285,633 shares worth $21.7 billion.

On the other hand, there are companies that Spectrum Asset Management, (nb/ca) is getting rid of from its portfolio. Spectrum Asset Management, (nb/ca) closed its position in Schwab Charles Family Fd on 12th July 2024. It sold the previously owned 4,028,000 shares for $4.03 billion. Tony Jung also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $33.2 billion and 488,365 shares.

One of the smallest hedge funds

The two most similar investment funds to Spectrum Asset Management, (nb/ca) are Optimum Investment Advisors and Sterling Investment Counsel. They manage $216 billion and $216 billion respectively.


Tony Jung investment strategy

Spectrum Asset Management, (nb/ca)’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 9.4% of the total portfolio value. The fund focuses on investments in the United States as 52.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 47% of the total holdings value. On the other hand, small-cap stocks make up only 1.3% of the portfolio. The average market cap of the portfolio companies is close to $260 billion.

The complete list of Spectrum Asset Management, (nb/ca) trades based on 13F SEC filings

These positions were updated on July 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Schwab Strategic Tr
1.04%
488,365
$33,221,689,000 15.37%
Ishares Gold Tr
0.39%
228,904
$10,055,753,000 4.65%
Ishares Tr
4.70%
285,633
$21,651,382,000 10.01%
Vanguard Intl Equity Index F
94.46%
113,031
$7,547,053,000 3.49%
First Tr Exchng Traded Fd Vi
50.26%
443,864
$16,699,239,000 7.72%
Invesco Exchange Traded Fd T
22.59%
41,053
$6,744,199,000 3.12%
Microsoft Corporation
3.91%
12,771
$5,707,807,000 2.64%
Chevron Corp.
16.72%
36,433
$5,698,908,000 2.64%
Walmart Inc
0.22%
78,351
$5,305,159,000 2.45%
Schwab Charles Corp
13.85%
65,596
$4,833,790,000 2.24%
Honeywell International Inc
0.41%
22,572
$4,819,970,000 2.23%
Exxon Mobil Corp.
2.54%
36,777
$4,233,751,000 1.96%
General Dynamics Corp.
0.17%
14,307
$4,150,908,000 1.92%
Schwab Charles Family Fd
Closed
4,028,000
$4,028,000,000
Oracle Corp.
0.45%
28,003
$3,954,005,000 1.83%
Abbvie Inc
3.28%
22,170
$3,802,521,000 1.76%
Berkshire Hathaway Inc.
4.24%
8,942
$3,637,606,000 1.68%
Accenture Plc Ireland
0.82%
11,679
$3,543,526,000 1.64%
Duke Energy Corp.
0.14%
33,052
$3,312,835,000 1.53%
Medtronic Plc
0.14%
40,466
$3,213,407,000 1.49%
Emerson Elec Co
0.35%
28,845
$3,177,566,000 1.47%
Bunge Global SA
1.88%
28,920
$3,087,801,000 1.43%
Verizon Communications Inc
0.73%
74,168
$3,058,693,000 1.41%
Cisco Sys Inc
0.18%
63,853
$3,033,665,000 1.40%
Intel Corp.
9.47%
96,379
$2,984,863,000 1.38%
Vanguard Index Fds
0.78%
9,418
$3,359,981,000 1.55%
L3Harris Technologies Inc
20.75%
12,813
$2,877,519,000 1.33%
Constellation Energy Corp
Opened
13,932
$2,790,162,000 1.29%
Qualcomm, Inc.
0.52%
13,482
$2,685,332,000 1.24%
Disney Walt Co
7.02%
24,553
$2,437,824,000 1.13%
Select Sector Spdr Tr
Opened
35,693
$2,432,122,000 1.12%
Vanguard Scottsdale Fds
1.99%
9,021
$2,227,110,000 1.03%
Abbott Labs
0.08%
20,935
$2,175,356,000 1.01%
BorgWarner Inc
0.16%
59,141
$1,906,710,000 0.88%
Ishares Tr
Closed
83,404
$2,826,704,000
Americold Realty Trust Inc
Closed
70,752
$1,778,706,000
Select Sector Spdr Tr
262.47%
18,812
$1,714,730,000 0.79%
Costco Whsl Corp New
3.43%
1,943
$1,651,451,000 0.76%
Spdr Sp 500 Etf Tr
3.74%
2,633
$1,437,765,000 0.67%
Visa Inc
0.06%
4,917
$1,290,630,000 0.60%
RTX Corp
0.19%
11,894
$1,194,005,000 0.55%
Occidental Pete Corp
Opened
17,393
$1,099,944,000 0.51%
Apple Inc
65.51%
4,349
$915,999,000 0.42%
Chesapeake Energy Corp.
3.87%
10,501
$863,079,000 0.40%
Alphabet Inc
0.07%
6,750
$1,232,072,000 0.57%
Schlumberger Ltd.
0.58%
16,809
$797,650,000 0.37%
Core Laboratories Inc
Opened
38,991
$791,128,000 0.37%
Pricesmart Inc.
Closed
9,290
$780,360,000
Dominion Energy Inc
No change
15,412
$755,188,000 0.35%
Tesla Inc
Closed
4,292
$754,542,000
Rockwell Automation Inc
No change
2,692
$741,054,000 0.34%
Maximus Inc.
Opened
8,644
$740,791,000 0.34%
Ge Healthcare Technologies I
0.93%
9,505
$740,630,000 0.34%
Digital Rlty Tr Inc
Opened
4,658
$708,249,000 0.33%
Vanguard Tax-managed Fds
19.79%
13,524
$668,375,000 0.31%
Mcdonalds Corp
36.33%
2,473
$630,126,000 0.29%
Nike, Inc.
103.82%
8,120
$612,171,000 0.28%
Unitedhealth Group Inc
0.35%
1,157
$589,368,000 0.27%
Morningstar Inc
0.17%
1,803
$533,293,000 0.25%
Marriott Intl Inc New
Closed
2,020
$509,667,000
Pfizer Inc.
1.56%
14,828
$414,876,000 0.19%
Deere Co
0.37%
1,074
$402,810,000 0.19%
Sempra
86.93%
5,236
$401,496,000 0.19%
MercadoLibre Inc
No change
221
$363,192,000 0.17%
First Tr Exchng Traded Fd Vi
Opened
9,205
$354,117,000 0.16%
Mckesson Corporation
No change
600
$350,796,000 0.16%
Global X Fds
1.87%
7,151
$346,831,000 0.16%
Pepsico Inc
41.33%
2,062
$340,011,000 0.16%
Texas Instrs Inc
0.65%
1,711
$332,874,000 0.15%
Adobe Inc
Opened
551
$306,103,000 0.14%
Spdr Index Shs Fds
0.46%
7,921
$277,881,000 0.13%
HeartBeam Inc
138.75%
107,200
$275,504,000 0.13%
Northrop Grumman Corp.
Closed
574
$274,751,000
Advanced Micro Devices Inc.
Opened
1,635
$265,214,000 0.12%
Skyline Champion Corp
No change
3,869
$262,125,000 0.12%
Edwards Lifesciences Corp
Opened
2,631
$243,026,000 0.11%
Pioneer Nat Res Co
Closed
917
$240,713,000
Spdr Gold Tr
4.77%
1,099
$236,296,000 0.11%
PayPal Holdings Inc
No change
4,030
$233,861,000 0.11%
Euronet Worldwide Inc
Opened
2,237
$231,530,000 0.11%
NVIDIA Corp
245.35%
1,820
$224,819,000 0.10%
Bank America Corp
Closed
5,797
$219,840,000
International Business Machs
No change
1,200
$207,540,000 0.10%
Royal Bk Cda
Closed
2,000
$201,760,000
Calidi Biotherapeutics Inc
Closed
166,494
$94,070,000
Tenon Medical Inc
3.68%
80,200
$48,922,000 0.02%
VolitionRX Ltd
Closed
55,596
$42,087,000
Abrdn Asia Pacific Income Fu
Closed
11,207
$31,381,000
Crown Castle Inc
Closed
80
$8,467,000
No transactions found
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