SEC 13F Intelligence

Managers / Q4 2021 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$279M
Q4 2021
Positions
27
Filings on Record
28
2019–present window
Filed
Feb 15, 2022
original filing

Summary

Bts Asset Management, Inc. reported $279M in U.S.-listed holdings across 27 positions for Q4 2021.

The portfolio is heavily concentrated: Ishares Iboxx High Yield Corporate Bond Etf alone accounts for 54.3% of reported value.

Compared with Q3 2021, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+97.1%
share of reported value
Largest Position
+54.3%
Ishares Iboxx High Yield Corporate 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: 86.2%Common Stock: 13.8%
  • ETP · 86.2% · $241M
  • Common Stock · 13.8% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
USMViShares MSCI USA Min Vol Factor ETFNEW+228.6K228.6K+$18M$18M
IEFiShares 7-10 Year Treasury Bond ETFNEW+4.5K4.5K+$521,000$521,000
BNDVanguard Total Bond Market ETFADDED+56.0K66.0K+$270,000$1M
EMBiShares JP Morgan USD Emerging Markets Bond ETFADDED+14.2K19.3K+$134,000$696,000
IHYVanEck International High Yield Bond ETFADDED+4.2K15.4K+$93,000$371,000
AMLPAlerian MLP ETFADDED+3.1K15.0K+$94,000$491,000
Invesco Global Listed Private Equity ETFADDED+4.6K22.9K+$80,000$354,000
PCEFInvesco CEF Income Composite ETFADDED+4.4K22.0K+$110,000$532,000

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

Holdings — Q4 2021

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1iShares iBoxx High Yield Corporate Bond ETFETF54.33%$152M1.74M
2Xtrackers USD High Yield Corporate Bond ETFETF14.20%$40M994.6K
3Invesco S&P 500 Low Volatility ETFETF13.78%$38M560.8K
4USMViShares MSCI USA Min Vol Factor ETFhistory →ETF6.63%$18M228.6K
5CWBSPDR Bloomberg Convertible Securities ETFhistory →ETF6.29%$18M211.6K
6VCITVanguard Intermediate-Term Corporate Bond ETFETF0.56%$2M16.8K
7BNDVanguard Total Bond Market ETFETF0.40%$1M66.0K
8MBBiShares MBS ETFETF0.32%$883,0008.2K
9SRLNSPDR Blackstone Senior Loan ETETF0.32%$882,00019.3K
10VRPInvesco Variable Rate Preferred ETFETF0.31%$876,00033.8K
11REZiShares Residential and Multisector Real Estate ETFETF0.27%$757,0007.7K
12SCHPSchwab US TIPS ETFETF0.26%$716,00011.4K
13QYLDGlobal X Nasdaq 100 Covered Call ETFETF0.25%$704,00031.7K
14EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.25%$696,00019.3K
15PCEFInvesco CEF Income Composite ETFETF0.19%$532,00022.0K
16MUBiShares National Muni Bond ETFETF0.19%$530,0004.6K
17SJNKSPDR Bloomberg Short Term High Yield Bond ETFETF0.19%$527,00019.4K
18IEFiShares 7-10 Year Treasury Bond ETFETF0.19%$521,0004.5K
19AMLPAlerian MLP ETFETF0.18%$491,00015.0K
20IHYVanEck International High Yield Bond ETFETF0.13%$371,00015.4K
21Invesco Global Listed Private Equity ETFETF0.13%$354,00022.9K
22AGZiShares Agency Bond ETFETF0.13%$352,0003.0K
23IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETFETF0.13%$351,00011.0K
24PGIM Active High Yield Bond ETFETF0.13%$349,0008.6K
25BWXSPDR Bloomberg International Treasury Bond ETFETF0.11%$309,00010.9K
26SPDR Bloomberg International Corporate Bond ETFETF0.11%$305,0008.8K
27SPDR Bloomberg High Yield Bond ETFETF0.04%$118,0001.09M

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 ↗.