SEC 13F Intelligence

Managers / Q4 2019 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$624M
Q4 2019
Positions
20
Filings on Record
28
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Bts Asset Management, Inc. reported $624M in U.S.-listed holdings across 20 positions for Q4 2019.

The portfolio is heavily concentrated: Spdr Bloomberg Barclays High Yield Bond Etf alone accounts for 45.8% of reported value.

Compared with Q3 2019, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+8.9%
vs prior filed quarter
Top-10 Concentration
+99.9%
share of reported value
Largest Position
+45.8%
Spdr Bloomberg Barclays High Yield Bond Etf

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: 96.7%Common Stock: 3.3%
  • ETP · 96.7% · $603M
  • Common Stock · 3.3% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Invesco S&P 500 Low Volatility ETFNEW+352.0K352.0K+$21M$21M
TLTiShares TR Barclays 20 YR Treas BD ETFNEW+141.3K141.3K+$19M$19M
CWBSPDR Bloomberg Barclays Convertible SecuritiesADDED+371.1K372.8K+$21M$21M
SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFADDED+6.63M9.96M−$75M$286M
SJNKSPDR Bloomberg Barclays Short Term High YieldTRIMMED−64.5K134.6K−$2M$4M
Xtrackers USD High Yield Corporate Bond ETFTRIMMED−36.2K77.9K−$2M$4M
iShares iBoxx High Yield Corporate Bond ETFTRIMMED−1.08M3.06M−$90M$269M
EDVVanguard Extended Duration Treasury ETFHELD+0651−$7,000$85,000

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

Holdings — Q4 2019

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETFETF45.83%$286M9.96M
2iShares iBoxx High Yield Corporate Bond ETFETF43.15%$269M3.06M
3CWBSPDR Bloomberg Barclays Convertible Securitieshistory →ETF3.32%$21M372.8K
4Invesco S&P 500 Low Volatility ETFETF3.29%$21M352.0K
5TLTiShares TR Barclays 20 YR Treas BD ETFhistory →ETF3.10%$19M141.3K
6Xtrackers USD High Yield Corporate Bond ETFETF0.63%$4M77.9K
7SJNKSPDR Bloomberg Barclays Short Term High YieldETF0.58%$4M134.6K
8SRLNSPDR Blackstone / GSO Senior Loan ETFETF0.01%$92,0002.0K
9EDVVanguard Extended Duration Treasury ETFETF0.01%$85,000651
10PFFiShares Preferred & Income Securities ETFETF0.01%$70,0001.9K
11iShares iBoxx $ Investment Grade Corporate BondETF0.01%$65,000511
12MBBiShares MBS ETFETF0.01%$62,000571
13AGZiShares Agency Bond ETFETF0.01%$46,000401
14TLHiShares 10-20 Year Treasury Bond ETFETF0.01%$32,000222
15IHYVanEck Vectors International High Yield Bond ETFETF0.00%$31,0001.2K
16BWXSPDR Bloomberg Barclays International TreasuryETF0.00%$31,0001.1K
17BNDVanguard Total Bond Market ETFETF0.00%$24,000281
18EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.00%$24,000206
19TIPiShares TIPS Bond ETFETF0.00%$23,000201
20SPDR Bloomberg Barclays International CorporateETF0.00%$16,000454

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 ↗.