In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Stonebridge Advisors LLC reported 2 stock positions worth $3.5 million. Its top holding was FT-Preferred Secur & Inc. ETF (FPE) at 86.5% of the portfolio, followed by Invesco Preferred ETF (PGX, 13.5%). Compared with Q2 2025, it opened 1 new position, sold out of 1 and reduced 1. The biggest buy was a new position in Invesco Preferred ETF (PGX) and the biggest sale FT-Preferred Secur & Inc. ETF (FPE, shares −85%).