Spectrum Asset Management, Inc. (NB Buys WisdomTree Emerging Markets High Dividend Fund, Raytheon Co, iShares Core High Dividend, Sells iShares Core S&P Small-Cap, SPDR Bloomberg Barclays 1-3 Month T-Bill, Markel Corp

• New Purchases: RTN, PSX, HXL, BDX, MMC, CGNX, APH, VMBS,
• Added Positions: DEM, HDV, UNH, BRK.B, VZ, FAST, JNJ, SCHF, RDS.B, SPDW,
• Reduced Positions: IJR, BIL, INTC, INTU, V, COST, SDY, XLE, MSFT, VTI, ANTM, SNPS, SCHO, AMZN, VEA, ADBE,
• Sold Out: MKL, NVDA, CCMP, ASML, FANG, GOOG, ISRG, BA, KNX, OXY,

For the details of Spectrum Asset Management, Inc. (NB's stock buys and sells, go to https://www.gurufocus.com/guru/spectrum+asset+management%2C+inc.+%28nb/current-portfolio/portfolioportfolio

1. SPDR S&P Dividend (SDY) - 153,317 shares, 10.02% of the total portfolio. Shares reduced by 1.22%
2. Schwab U.S. Large-Cap Growth (SCHG) - 151,929 shares, 8.19% of the total portfolio. Shares reduced by 0.97%
3. Schwab International Equity (SCHF) - 224,425 shares, 4.67% of the total portfolio. Shares added by 1.24%
4. Schwab U.S. Broad Market (SCHB) - 91,828 shares, 4.20% of the total portfolio. Shares added by 0.48%
5. Vanguard Growth (VUG) - 37,390 shares, 3.96% of the total portfolio. Shares reduced by 0.62%

Spectrum Asset Management, Inc. (NB initiated holding in Raytheon Co. The purchase prices were between $173.88 and $187.58, with an estimated average price of $179.96. The stock is now traded at around $180.04. The impact to a portfolio due to this purchase was 2.01%. The holding were 17,825 shares as of .

Spectrum Asset Management, Inc. (NB initiated holding in Phillips 66. The purchase prices were between $80.8 and $98.61, with an estimated average price of $89.71. The stock is now traded at around $101.37. The impact to a portfolio due to this purchase was 1.45%. The holding were 23,923 shares as of .

Spectrum Asset Management, Inc. (NB initiated holding in Hexcel Corp. The purchase prices were between $68 and $80.88, with an estimated average price of $72.64. The stock is now traded at around $81.15. The impact to a portfolio due to this purchase was 0.72%. The holding were 13,735 shares as of .

Spectrum Asset Management, Inc. (NB initiated holding in Becton, Dickinson and Co. The purchase prices were between $222.84 and $252.23, with an estimated average price of $237.94. The stock is now traded at around $251.43. The impact to a portfolio due to this purchase was 0.7%. The holding were 4,305 shares as of .

Spectrum Asset Management, Inc. (NB initiated holding in Marsh & McLennan Companies Inc. The purchase prices were between $92.5 and $99.75, with an estimated average price of $95.66. The stock is now traded at around $102.59. The impact to a portfolio due to this purchase was 0.69%. The holding were 10,690 shares as of .

Spectrum Asset Management, Inc. (NB initiated holding in Cognex Corp. The purchase prices were between $40.6 and $56.84, with an estimated average price of $48.13. The stock is now traded at around $43.03. The impact to a portfolio due to this purchase was 0.68%. The holding were 21,710 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in WisdomTree Emerging Markets High Dividend Fund by 623.72%. The purchase prices were between $41.3 and $44.72, with an estimated average price of $43.3. The stock is now traded at around $44.42. The impact to a portfolio due to this purchase was 3.09%. The holding were 124,010 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in iShares Core High Dividend by 208.26%. The purchase prices were between $88.8 and $95.23, with an estimated average price of $93.16. The stock is now traded at around $94.98. The impact to a portfolio due to this purchase was 1.87%. The holding were 45,287 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in UnitedHealth Group Inc by 74.41%. The purchase prices were between $216.84 and $252.28, with an estimated average price of $240.34. The stock is now traded at around $264.63. The impact to a portfolio due to this purchase was 0.65%. The holding were 9,657 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in Berkshire Hathaway Inc by 45.80%. The purchase prices were between $197.42 and $218.6, with an estimated average price of $206.89. The stock is now traded at around $212.83. The impact to a portfolio due to this purchase was 0.5%. The holding were 11,555 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in Verizon Communications Inc by 52.42%. The purchase prices were between $54.35 and $59.5, with an estimated average price of $57.65. The stock is now traded at around $57.41. The impact to a portfolio due to this purchase was 0.45%. The holding were 35,183 shares as of .

Spectrum Asset Management, Inc. (NB added to a holding in Fastenal Co by 98.39%. The purchase prices were between $30.38 and $35.68, with an estimated average price of $32.98. The stock is now traded at around $31.28. The impact to a portfolio due to this purchase was 0.33%. The holding were 31,940 shares as of .

Spectrum Asset Management, Inc. (NB sold out a holding in Markel Corp. The sale prices were between $978.74 and $1095.88, with an estimated average price of $1047.6.

Spectrum Asset Management, Inc. (NB sold out a holding in NVIDIA Corp. The sale prices were between $133.78 and $192.1, with an estimated average price of $165.75.

Spectrum Asset Management, Inc. (NB sold out a holding in Cabot Microelectronics Corp. The sale prices were between $97.47 and $127.18, with an estimated average price of $113.11.

Spectrum Asset Management, Inc. (NB sold out a holding in ASML Holding NV. The sale prices were between $186.98 and $208.82, with an estimated average price of $198.78.

Spectrum Asset Management, Inc. (NB sold out a holding in Diamondback Energy Inc. The sale prices were between $96.12 and $113.8, with an estimated average price of $104.45.

Spectrum Asset Management, Inc. (NB sold out a holding in Alphabet Inc. The sale prices were between $1036.23 and $1287.58, with an estimated average price of $1154.77.