Bramshill Investments LLC's Q4 2025 13F: 30 new positions, 33 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 147 reported positions · accession 0001214659-26-001832
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | iShares Preferred and Income S (PFF) | 13.5% | 6.3% | −7.2 pts | −4.12M sh | −66% |
| Increased | iShares 0-5 Year High Yield Co (SHYG) | 25.7% | 29.0% | +3.3 pts | +3.29M sh | +38% |
| New | Invesco Preferred ETF (PGX) | — | 4.7% | +4.7 pts | +7.32M sh | new |
| Increased | Invesco Ultra Short Duration E (GSY) | 2.8% | 5.7% | +2.9 pts | +1.2M sh | +145% |
| Increased | Vanguard Ultra Short Bond ETF (VUSB) | 8.5% | 8.9% | +0.4 pts | +657K sh | +26% |
| Increased | PIMCO Municipal Income Fund II (PML) | 1.4% | 2.7% | +1.3 pts | +3.74M sh | +143% |
| New | iShares iBoxx $ Investment Gra (LQD) | — | 1.2% | +1.2 pts | +200K sh | new |
| New | Invesco Senior Income Trust (VVR) | — | 0.8% | +0.8 pts | +4.45M sh | new |
| New | State Street SPDR Portfolio Lo (SPLB) | — | 0.6% | +0.6 pts | +500K sh | new |
| Increased | VanEck Long Muni ETF (MLN) | 0.8% | 1.2% | +0.4 pts | +504K sh | +74% |
| Reduced | Nuveen Quality Municipal Incom (NAD) | 2.6% | 1.7% | −0.9 pts | −701K sh | −22% |
| New | Equable Shares Hedged Equity E (HEDG) | — | 0.3% | +0.3 pts | +210K sh | new |
| Increased | Invesco QQQ Trust Series 1 (QQQ) | 0.1% | 0.3% | +0.3 pts | +8,070 sh | +564% |
| Increased | iShares 20 Year Treasury Bond (TLT) | 9.8% | 8.1% | −1.7 pts | +46,669 sh | +3% |
| Increased | State Street Blackstone Senior (SRLN) | 0.3% | 0.5% | +0.1 pts | +82,000 sh | +69% |
| Reduced | iShares Short Duration Bond Ac (NEAR) | 8.8% | 7.1% | −1.7 pts | −65,665 sh | −3% |
| Increased | State Street SPDR S&P 500 ETF (SPY) | 0.0% | 0.2% | +0.2 pts | +4,500 sh | +907% |
| New | State Street Health Care Selec (XLV) | — | 0.2% | +0.2 pts | +17,500 sh | new |
| Reduced | Analog Devices Inc (ADI) | 0.2% | 0.0% | −0.2 pts | −9,000 sh | −90% |
| Reduced | Nuveen AMT-Free Quality Munici (NEA) | 2.3% | 1.8% | −0.5 pts | −180K sh | −6% |
| Exited | Oracle Corp (ORCL) | 0.1% | — | −0.1 pts | −6,000 sh | −100% |
| Exited | Brightstar Lottery PLC (BRSL) | 0.1% | — | −0.1 pts | −82,994 sh | −100% |
| Reduced | Microsoft Corp (MSFT) | 0.2% | 0.1% | −0.1 pts | −3,250 sh | −54% |
| Exited | Parsons Corp (PSN) | 0.1% | — | −0.1 pts | −15,557 sh | −100% |
| Increased | iShares 0-5 Year Investment Gr (SLQD) | 3.4% | 2.9% | −0.5 pts | +30,549 sh | +3% |
| Exited | Netflix Inc (NFLX) | 0.1% | — | −0.1 pts | −1,000 sh | −100% |
| Exited | Uber Technologies Inc (UBER) | 0.1% | — | −0.1 pts | −11,500 sh | −100% |
| New | iShares Russell 2000 ETF (IWM) | — | 0.1% | +0.1 pts | +5,500 sh | new |
| Exited | Macy's Inc (M) | 0.1% | — | −0.1 pts | −54,000 sh | −100% |
| Reduced | State Street Financial Select (XLF) | 0.2% | 0.1% | −0.1 pts | −20,000 sh | −36% |
| Exited | Nuveen Floating Rate Income Fu (JFR) | 0.1% | — | −0.1 pts | −109K sh | −100% |
| New | State Street Consumer Discreti (XLY) | — | 0.1% | +0.1 pts | +8,500 sh | new |
| Exited | First Trust Smith Opportunisti (FIXD) | 0.1% | — | −0.1 pts | −18,000 sh | −100% |
| Increased | iShares Expanded Tech-Software (IGV) | 0.1% | 0.1% | 0.0 pts | +9,000 sh | +106% |
| Reduced | Invesco Senior Loan ETF (BKLN) | 0.6% | 0.5% | −0.2 pts | −45,000 sh | −10% |
| Exited | Waste Management Inc (WM) | 0.1% | — | −0.1 pts | −3,500 sh | −100% |
| Exited | Nuveen Variable Rate Preferred (NPFD) | 0.1% | — | −0.1 pts | −38,484 sh | −100% |
| Exited | First Trust Smith Unconstraine (UCON) | 0.1% | — | −0.1 pts | −30,000 sh | −100% |
| Exited | Mondelez International Inc (MDLZ) | 0.1% | — | −0.1 pts | −12,057 sh | −100% |
| Reduced | AGNC Investment Corp (AGNC) | 0.1% | 0.1% | −0.1 pts | −83,936 sh | −37% |
| Exited | Bristol-Myers Squibb Co (BMY) | 0.1% | — | −0.1 pts | −16,398 sh | −100% |
| Exited | Edison International (EIX) | 0.1% | — | −0.1 pts | −13,304 sh | −100% |
| Exited | Sixth Street Specialty Lending (TSLX) | 0.0% | — | 0.0 pts | −31,875 sh | −100% |
| Exited | LyondellBasell Industries NV (LYB) | 0.0% | — | 0.0 pts | −14,573 sh | −100% |
| Exited | Omega Healthcare Investors Inc (OHI) | 0.0% | — | 0.0 pts | −16,900 sh | −100% |
| Exited | Clearway Energy Inc (CWEN) | 0.0% | — | 0.0 pts | −25,126 sh | −100% |
| Exited | Apollo Commercial Real Estate (ARI) | 0.0% | — | 0.0 pts | −69,986 sh | −100% |
| Increased | Ares Capital Corp (ARCC) | 0.1% | 0.1% | 0.0 pts | +39,537 sh | +61% |
| Exited | Brandywine Realty Trust (BDN) | 0.0% | — | 0.0 pts | −153K sh | −100% |
| New | Verizon Communications Inc (VZ) | — | 0.0% | 0.0 pts | +17,973 sh | new |
The 50 largest of 172 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- Unilever PLC (UL): 904767704 → 904767803, 4,500 → 5,333 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 80.7% of the equity book
Changes in the top 10 this quarter: PGX entered · PML entered · JPST left · NAD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | iShares 0-5 Year High Yield Co (SHYG) | 25.7% | 29.0% | |
| 2 | Vanguard Ultra Short Bond ETF (VUSB) | 8.5% | 8.9% | |
| 3 | iShares 20 Year Treasury Bond (TLT) | 9.8% | 8.1% | |
| 4 | iShares Short Duration Bond Ac (NEAR) | 8.8% | 7.1% | |
| 5 | iShares Preferred and Income S (PFF) | 13.5% | 6.3% | |
| 6 | Invesco Ultra Short Duration E (GSY) | 2.8% | 5.7% | |
| 7 | PIMCO Enhanced Short Maturity (MINT) | 6.4% | 5.3% | |
| 8 | Invesco Preferred ETF (PGX) | 0.0% | 4.7% | Entered the top 10 |
| 9 | iShares 0-5 Year Investment Gr (SLQD) | 3.4% | 2.9% | |
| 10 | PIMCO Municipal Income Fund II (PML) | 1.4% | 2.7% | Entered the top 10 |
| — | JPMorgan Ultra-Short Income ET (JPST) | 2.7% | 2.2% | Left the top 10 |
| — | Nuveen Quality Municipal Incom (NAD) | 2.6% | 1.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).