In the bowl of an electric mixer, beat cream cheese and butter on medium high 3 minutes, until light and fluffy. Add sugar and beat 1 minute.
Gradually add flour, on low speed, and mix until combined. Cover and chill 2 hours.
Scoop 2 Tablespoons at a time and place on baking sheet lined with parchment paper. Press thumb in the middle and fill with 1 teaspoon preserves. Bake 10 minutes. Let set on baking sheet 10 minutes and remove to cooling rack.