SEC 13F Intelligence

Managers / Q3 2021 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$467M
Q3 2021
Positions
25
Filings on Record
28
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Bts Asset Management, Inc. reported $467M in U.S.-listed holdings across 25 positions for Q3 2021.

The portfolio is heavily concentrated: Ishares Iboxx High Yield Corporate Bond Etf alone accounts for 40.9% of reported value.

Compared with Q2 2021, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+15.1%
vs prior filed quarter
Top-10 Concentration
+98.7%
share of reported value
Largest Position
+40.9%
Ishares Iboxx High Yield Corporate Bond Etf
New / Exited
5 / 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: 90.6%Common Stock: 9.4%
  • ETP · 90.6% · $423M
  • Common Stock · 9.4% · $44M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Invesco S&P 500 Low Volatility ETFNEW+717.0K717.0K+$44M$44M
REZiShares Residential and Multisector Real Estate ETFNEW+6.5K6.5K+$557,000$557,000
AMLPAlerian MLP ETFNEW+11.9K11.9K+$397,000$397,000
PGIM Active High Yield Bond ETFNEW+6.9K6.9K+$285,000$285,000
Invesco Global Listed Private Equity ETFNEW+18.3K18.3K+$274,000$274,000
CWBSPDR Bloomberg Barclays Convertible Securities ETFADDED+254.5K268.0K+$22M$23M
HYDVanEck Vectors High Yield Muni ETFSOLD OUT−441.5K0−$28M$0
USHYiShares Broad USD High Yield Corporate Bond ETFSOLD OUT−24.0K0−$999,000$0

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

Holdings — Q3 2021

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1iShares iBoxx High Yield Corporate Bond ETFETF40.89%$191M2.18M
2SPDR Bloomberg Barclays High Yield Bond ETFETF31.60%$147M1.35M
3Xtrackers USD High Yield Corporate Bond ETFETF11.06%$52M1.29M
4Invesco S&P 500 Low Volatility ETFETF9.37%$44M717.0K
5CWBSPDR Bloomberg Barclays Convertible Securities ETFhistory →ETF4.90%$23M268.0K
6VCITVanguard Intermediate-Term Corporate Bond ETFETF0.27%$1M13.5K
7BNDVanguard Total Bond Market ETFETF0.18%$851,00010.0K
8MBBiShares MBS ETFETF0.15%$715,0006.6K
9SRLNSPDR Blackstone / GSO Senior Loan ETFETF0.15%$715,00015.5K
10VRPInvesco Variable Rate Preferred ETFETF0.15%$711,00027.1K
11SCHPSchwab US TIPS ETFETF0.12%$573,0009.2K
12EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.12%$562,0005.1K
13QYLDGlobal X Nasdaq 100 Covered Call ETFETF0.12%$561,00025.4K
14REZiShares Residential and Multisector Real Estate ETFETF0.12%$557,0006.5K
15SJNKSPDR Bloomberg Barclays Short Term High Yield Bond ETFETF0.09%$427,00015.6K
16MUBiShares National Muni Bond ETFETF0.09%$424,0003.7K
17PCEFInvesco CEF Income Composite ETFETF0.09%$422,00017.6K
18AMLPAlerian MLP ETFETF0.09%$397,00011.9K
19AGZiShares Agency Bond ETFETF0.06%$286,0002.4K
20PGIM Active High Yield Bond ETFETF0.06%$285,0006.9K
21IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETFETF0.06%$282,0008.9K
22BWXSPDR Bloomberg Barclays International Treasury Bond ETFETF0.06%$279,0009.7K
23IHYVanEck Vectors International High Yield Bond ETFETF0.06%$278,00011.2K
24SPDR Bloomberg Barclays International Corporate Bond ETFETF0.06%$277,0007.8K
25Invesco Global Listed Private Equity ETFETF0.06%$274,00018.3K

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 ↗.