Stonebridge Advisors LLC
Stonebridge Advisors LLC is a registered investment adviser based in Wilton, Connecticut, founded in December 2004. The firm specializes in managing discretionary portfolios of preferred, hybrid, and other fixed income securities for institutional clients and high net worth individuals. As of December 31, 2024, it manages over $10.8 billion in discretionary assets and provides services predominantly to investment companies, individuals, pension plans, and other institutional investors. Stonebridge is primarily owned by First Trust Capital Partners LLC and Stonebridge Asset Management, LLC, and employs around 17 professionals.
Investment Strategy
Stonebridge Advisors invests in portfolios of preferred, hybrid, and other fixed income securities, focusing on delivering current income and total return. The firm acts as a discretionary and non-discretionary sub-advisor for several funds, including the First Trust Preferred Securities and Income Fund, seeking to allocate at least 80% of assets to preferred securities and similar instruments. Their strategies may include securities listed on exchanges or traded over-the-counter, and the use of hedging techniques to mitigate risk, all within a rigorous, performance-driven framework for institutional and high net worth clients.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
W WFC-PL | WELLS FARGO CO NEW | 48.85% | $74.2M | 63,199 | $1305.39 | $1174.13 | -$4.0M |
B BAC-PL | BANK AMERICA CORP | 37.58% | $57.1M | 47,063 | $1417.84 | $1213.00 | -$2.5M |
F FPE | FIRST TR EXCH TRADED FD III | 12.75% | $19.4M | 1,088,208 | $17.73 | $17.80 | +$11.2M |
P PFF | ISHARES TR | 0.82% | $1.3M | 40,767 | $30.68 | $30.68 | +$1.3M |