Stonebridge Advisors LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Stonebridge Advisors LLC reported 3 stock positions worth $49.6 million. Its top holding was FT-Preferred Secur & Inc. ETF (FPE) at 81.0% of the portfolio, followed by Invesco Preferred ETF (PGX, 18.0%) and First Trust Institutional PR (FPEI, 1.0%). Compared with Q3 2025, it opened 1 new position and added to 2. The biggest buy was Invesco Preferred ETF (PGX, shares +1819%).

Most Recent 13F
Q2 2026
Location
WILTON, CT
CIK
0001367441
Portfolio Value
$49.6M (Q4 2025)
SEC Filing
0001367441-26-000002 ↗ filed Feb 6, 2026

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $23.2M Q1 2024 Q2 2024: $11.6M Q2 2024 Q3 2024: $3.7M Q3 2024 Q4 2024: $47.4M Q4 2024 Q1 2025: $8.1M Q1 2025 Q2 2025: $20.6M Q2 2025 Q3 2025: $3.5M Q3 2025 Q4 2025: $49.6M $49.6M Q4 2025 Q1 2026: $13.3M Q1 2026 Q2 2026: $13.9M Q2 2026

Holdings 3 stocks · $49.6M
FPE FT-Preferred Secur & Inc. ETF 81.03% 2,368,824 $40.2M Add +1312.3%
PGX Invesco Preferred ETF 17.96% 792,408 $8.9M Add +1818.9%
FPEI First Trust Institutional PR 1.01% 25,826 $501K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $132.9M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 250,419$75.5MAdd +287.6%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 188,490$57.4MAdd +296.6%

Total filed on the 13F, all lines: $182.5M.

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
PGX Invesco Preferred ETF Add +1818.9% 17.96% +4.42
FPEI First Trust Institutional PR New 1.01% +1.01
FPE FT-Preferred Secur & Inc. ETF Add +1312.3% 81.03% −5.43

Notes & Other Activity Q3 2025 → Q4 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +287.6% 250,419 $75.5M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +296.6% 188,490 $57.4M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$13.9MPGX, LQD
Q1 2026 1$13.3MPGX
Q4 2025 3$49.6MFPE, PGX, FPEI
Q3 2025 2$3.5MFPE, PGX
Q2 2025 2$20.6MFPE, PFF
Q1 2025 1$8.1MFPE
Q4 2024 2$47.4MFPE, FPEI
Q3 2024Amended 2$3.7MFPE, PFF
Q2 2024Amended 2$11.6MPGX, FPE
Q1 2024Amended 2$23.2MPGX, FPE