Spectrum Asset Management, Inc. — Q4 2013 13F Holdings

Name: Spectrum Asset Management, Inc. — 13F Holdings, Q4 2013
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001318293

Total reported value

$50.0M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	WFC 7.5 PERP L	Wells Fargo & Company	Stock-Financials	24.94%	+2.61%	-2.29%
2	HSBC 6.2 PERP A	Hsbc Holdings PLC	Stock-Financials	15.31%	—	+8.38%
3	BACR 7.1 PERP 3	Barclays Bank PLC	Stock-Other	12.65%	—	-0.71%
4	RBS 5.75 PERP L	Royal Bk Scotlnd Grp PLC	Stock-Other	12.09%	—	+2.75%
5	BACR 8.125 PERP 5	Barclays Bank PLC	Stock-Other	9.33%	—	-2.29%
6	BACR 7.75 PERP 4	Barclays Bank PLC	Stock-Other	8.45%	—	-4.18%
7	BTZ	Blackrock Credit Allocation	Stock-Other	7.02%	—	—
8	HPS	John Hancock Prefer INC Iii	Stock-Other	4.65%	—	+0.38%
9	RBS 6.75 PERP Q	Royal Bk Scotlnd Grp PLC	Stock-Other	2.86%	—	—
10	BACR 6.625 PERP 2	Barclays Bank PLC	Stock-Other	0.82%	—	-1.70%
11	RBS 6.35 PERP N	Royal Bk Scotlnd Grp PLC	Stock-Other	0.62%	—	-27.34%
12	KEY 7.75 PERP A	Keycorp	Stock-Financials	0.53%	—	—
13	RBS 6.4 PERP M	Royal Bk Scotlnd Grp PLC	Stock-Other	0.27%	—	+10.05%
14	RBS 6.125 PERP R	Royal Bk Scotlnd Grp PLC	Stock-Other	0.19%	—	-9.65%
15	RBS 6.6 PERP S	Royal Bk Scotlnd Grp PLC	Stock-Other	0.15%	—	+6.38%
16	RBS 7.76304 PERP C	Natl Westminster Bk PLC	Stock-Other	0.12%	—	—

Position changes disclosed by Spectrum Asset Management, Inc. for the quarter ending Q4 2013, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	HSBC 6.2 PERP A	Hsbc Holdings PLC	+2.3%	+8.38%	Add
2	RBS 5.75 PERP L	Royal Bk Scotlnd Grp PLC	+1%	+2.75%	Add
3	BACR 7.1 PERP 3	Barclays Bank PLC	+0.9%	-0.71%	Trim
4	WFC 7.5 PERP L	Wells Fargo & Company	+0.7%	-2.29%	Trim
5	BTZ	Blackrock Credit Allocation	+0.5%	—	Unchanged
6	BACR 8.125 PERP 5	Barclays Bank PLC	+0.5%	-2.29%	Trim
7	BACR 7.75 PERP 4	Barclays Bank PLC	+0.3%	-4.18%	Trim
8	RBS 6.75 PERP Q	Royal Bk Scotlnd Grp PLC	+0.2%	—	Unchanged
9	KEY 7.75 PERP A	Keycorp	+0.1%	—	Unchanged
10	HPS	John Hancock Prefer INC Iii	+0.1%	+0.38%	Add
11	BACR 6.625 PERP 2	Barclays Bank PLC	0%	-1.70%	Trim
12	RBS 6.4 PERP M	Royal Bk Scotlnd Grp PLC	0%	+10.05%	Add
13	RBS 6.6 PERP S	Royal Bk Scotlnd Grp PLC	0%	+6.38%	Add
14	RBS 7.76304 PERP C	Natl Westminster Bk PLC	0%	—	Unchanged
15	RBS 6.125 PERP R	Royal Bk Scotlnd Grp PLC	0%	-9.65%	Trim
16	RBS 6.35 PERP N	Royal Bk Scotlnd Grp PLC	-0.2%	-27.34%	Trim
17	BAC 7.25 PERP L	Bank Of America CORP	—	EXIT	Sold out
18	✓	Bb&t Corporation 5.20% Ser G Non-cum Pfd	—	EXIT	Sold out