Stonebridge Advisors LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), Stonebridge Advisors LLC reported 1 stock position worth $13.3 million. Its top holding was Invesco Preferred ETF (PGX) at 100.0% of the portfolio. Compared with Q4 2025, it sold out of 2 and added to 1. The biggest buy was Invesco Preferred ETF (PGX, shares +54%) and the biggest sale an exit from FT-Preferred Secur & Inc. ETF (FPE).

Most Recent 13F
Q2 2026
Location
WILTON, CT
CIK
0001367441
Portfolio Value
$13.3M (Q1 2026)
SEC Filing
0001367441-26-000004 ↗ filed Apr 30, 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 Q4 2025 Q1 2026: $13.3M $13.3M Q1 2026 Q2 2026: $13.9M Q2 2026

Holdings 1 stocks · $13.3M

PGX Invesco Preferred ETF 100.00% 1,223,779 $13.3M Add +54.4%
Other holdings (1): bonds, preferreds, convertibles and warrants · $71.2M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 61,657$71.2MReduce -75.4%

Total filed on the 13F, all lines: $84.5M.

Portfolio Sells Q4 2025 → Q1 2026

FPE FT-Preferred Secur & Inc. ETF Sold out 0.00% −81.03
FPEI First Trust Institutional PR Sold out 0.00% −1.01

Portfolio Buys Q4 2025 → Q1 2026

PGX Invesco Preferred ETF Add +54.4% 100.00% +82.04

Notes & Other Activity Q4 2025 → Q1 2026

WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -75.4% 61,657 $71.2M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Sold out 188,490 $57.4Mbefore exit

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