SEC 13F Intelligence

Managers / Q3 2019 · view latest →

BTS Asset Management, Inc.

CIK 0001532842 · 55 OLD BEDFORD ROAD, SUITE 203, LINCOLN, MA, 01773 · 781-863-2545

Reported Value
$731M
Q3 2019
Positions
18
Filings on Record
28
2019–present window
Filed
Nov 12, 2019
original filing

Summary

Bts Asset Management, Inc. reported $731M in U.S.-listed holdings across 18 positions for Q3 2019.

The portfolio is heavily concentrated: Spdr Bloomberg Barclays High Yield Bond Etf alone accounts for 49.3% of reported value.

Compared with Q2 2019, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+20.8%
vs prior filed quarter
Top-10 Concentration
+100.0%
share of reported value
Largest Position
+49.3%
Spdr Bloomberg Barclays High Yield Bond Etf
New / Exited
2 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $0Q1 ’19Q2 ’19: $92MQ3 ’19: $731MQ4 ’19: $624MQ3 ’20: $9MQ3 ’20Q2 ’21: $525MQ3 ’21: $467MQ4 ’21: $279MQ1 ’22: $326MQ1 ’22Q2 ’22: $45MQ3 ’22: $32MQ4 ’22: $228MQ1 ’23: $175MQ1 ’23Q2 ’23: $198MQ3 ’23: $154MQ4 ’23: $133MQ1 ’24: $121MQ1 ’24Q2 ’24: $107MQ3 ’24: $105MQ4 ’24: $100MQ1 ’25: $89MQ1 ’25Q2 ’25: $83MQ3 ’25: $78MQ4 ’25: $74MQ1 ’26: $26MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 100.0%
  • ETP · 100.0% · $731M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFNEW+3.33M3.33M+$360M$360M
iShares iBoxx High Yield Corporate Bond ETFNEW+4.14M4.14M+$359M$359M
SJNKSPDR Bloomberg Barclays Short Term High YieldADDED+197.8K199.2K+$5M$5M
IEFiShares 7-10 Year Treasury Bond ETFSOLD OUT−727.9K0−$80M$0
TLTiShares 20 plus Year Treasury Bond ETFSOLD OUT−28.6K0−$4M$0
Xtrackers USD High Yield Corporate Bond ETFTRIMMED−36.1K114.1K−$2M$6M
EDVVanguard Extended Duration Treasury ETFHELD+0651+$10,000$92,000
TLHiShares 10-20 Year Treasury Bond ETFHELD+0222+$2,000$33,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFETF49.29%$360M3.33M
2iShares iBoxx High Yield Corporate Bond ETFETF49.11%$359M4.14M
3Xtrackers USD High Yield Corporate Bond ETFETF0.78%$6M114.1K
4SJNKSPDR Bloomberg Barclays Short Term High YieldETF0.73%$5M199.2K
5EDVVanguard Extended Duration Treasury ETFETF0.01%$92,000651
6SRLNSPDR Blackstone / GSO Senior Loan ETFETF0.01%$90,0002.0K
7CWBSPDR Bloomberg Barclays Convertible SecuritiesETF0.01%$89,0001.7K
8PFFiShares Preferred & Income Securities ETFETF0.01%$69,0001.9K
9iShares iBoxx $ Investment Grade Corporate BondETF0.01%$65,000511
10MBBiShares MBS ETFETF0.01%$61,000571
11AGZiShares Agency Bond ETFETF0.01%$46,000401
12TLHiShares 10-20 Year Treasury Bond ETFETF0.00%$33,000222
13BWXSPDR Bloomberg Barclays International TreasuryETF0.00%$31,0001.1K
14IHYVanEck Vectors International High Yield Bond ETFETF0.00%$30,0001.2K
15EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.00%$23,000206
16TIPiShares TIPS Bond ETFETF0.00%$23,000201
17BNDVanguard Total Bond Market ETFETF0.00%$23,000281
18SPDR Bloomberg Barclays International CorporateETF0.00%$15,000454

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$26M31May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$74M32Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$78M30Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$83M34Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$89M35Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$100M37Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$105M30Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$107M22Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$121M36Apr 22, 202413F-HRchanges · EDGAR ↗
Q4 2023$133M25Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$154M36Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$198M41Jul 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$175M42Apr 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$228M41Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$32M33Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$45M38Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$326M32May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$279M27Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$467M25Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$525M22Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021Under review21Mar 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$9M16Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020Under review20Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020Under review16May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$624M20Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$731M18Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$92M18Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$01May 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.