SEC 13F Intelligence

Managers / Q4 2022 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$228M
Q4 2022
Positions
41
Filings on Record
28
2019–present window
Filed
Feb 2, 2023
original filing

Summary

Bts Asset Management, Inc. reported $228M in U.S.-listed holdings across 41 positions for Q4 2022.

The portfolio is heavily concentrated: Spdr Bloomberg High Yield Bond Etf alone accounts for 27.8% of reported value.

Compared with Q3 2022, the fund opened 20 new positions and exited 12.

Portfolio Metrics

Turnover
+15.4%
vs prior filed quarter
Top-10 Concentration
+93.3%
share of reported value
Largest Position
+27.8%
Spdr Bloomberg High Yield Bond Etf
New / Exited
20 / 12
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: 90.8%Common Stock: 9.2%
  • ETP · 90.8% · $207M
  • Common Stock · 9.2% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR Bloomberg High Yield Bond ETFNEW+701.7K701.7K+$63M$63M
iShares iBoxx High Yield Corporate Bond ETFNEW+611.2K611.2K+$42M$42M
Invesco S&P 500 Low Volatility ETFNEW+317.8K317.8K+$21M$21M
DIASPDR Dow Jones Indl Average ETFNEW+10.9K10.9K+$4M$4M
VIGVanguard Dividend Appreciation Index Fund ETFNEW+20.9K20.9K+$3M$3M
EEMiShares MSCI Emerging Markets ETFNEW+34.6K34.6K+$1M$1M
VBRVanguard Small Cap Value Index Fund ETFNEW+6.6K6.6K+$1M$1M
USHYiShares Broad USD High Yield Corporate Bond ETFNEW+27.3K27.3K+$955,930$955,930

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

Holdings — Q4 2022

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR Bloomberg High Yield Bond ETFETF27.79%$63M701.7K
2Xtrackers USD High Yield Corporate Bond ETFETF23.50%$54M1.59M
3iShares iBoxx High Yield Corporate Bond ETFETF18.60%$42M611.2K
4Invesco S&P 500 Low Volatility ETFETF9.15%$21M317.8K
5SJNKSPDR Bloomberg Short Term High Yield Bond ETFhistory →ETF8.77%$20M821.9K
6DIASPDR Dow Jones Indl Average ETFhistory →ETF1.59%$4M10.9K
7BNDVanguard Total Bond Market ETFhistory →ETF1.43%$3M43.0K
8VIGVanguard Dividend Appreciation Index Fund ETFhistory →ETF1.40%$3M20.9K
9EEMiShares MSCI Emerging Markets ETFETF0.58%$1M34.6K
10VBRVanguard Small Cap Value Index Fund ETFETF0.46%$1M6.6K
11VCITVanguard Intermediate-Term Corporate Bond ETFETF0.42%$962,02010.3K
12USHYiShares Broad USD High Yield Corporate Bond ETFETF0.42%$955,93027.3K
13MUBiShares National Muni Bond ETFETF0.37%$839,0137.6K
14VFHVanguard Financials Index Fund ETFETF0.32%$721,4238.7K
15SPDR Portfolio High Yield Bond ETFETF0.30%$679,14230.0K
16JAAAJanus Henderson AAA CLO ETFETF0.29%$669,68613.7K
17MBBiShares MBS ETFETF0.27%$616,5985.8K
18JPMorgan Nasdaq Equity Premium Income ETFETF0.25%$559,35113.0K
19SRLNSPDR Blackstone Senior Loan ETETF0.24%$557,78213.0K
20JEPIJPMorgan Equity Premium Income ETFETF0.24%$544,5979.7K
21TFLOiShares Treasury Floating Rate Bond ETFETF0.24%$537,48910.7K
22IDViShares International Select Dividend ETFETF0.23%$531,60019.6K
23REZiShares Residential and Multisector Real Estate ETFETF0.23%$524,3536.9K
24AMLPAlerian MLP ETFETF0.22%$508,22614.3K
25IYJiShares US Industrial ETFETF0.22%$495,3515.1K
26VHTVanguard Health Care Index Fund ETFETF0.21%$485,8142.0K
27PCEFInvesco CEF Income Composite ETFETF0.21%$478,19922.2K
28VRPInvesco Variable Rate Preferred ETFETF0.20%$457,52318.0K
29IHYVanEck International High Yield Bond ETFETF0.19%$443,63420.8K
30HYMBSPDR Nuveen Bloomberg High Yield Municipal Bond ETFETF0.19%$430,4618.6K
31CWBSPDR Bloomberg Convertible Securities ETFETF0.18%$410,0596.2K
32FLOTiShares Floating Rate Bond ETFETF0.18%$399,9538.0K
33SPHDInvesco S&P 500 High Dividend Low Volatility ETFETF0.17%$394,4968.9K
34EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.13%$296,6443.1K
35DIVGlobal SuperDividend US ETFETF0.13%$285,81714.2K
36AGZiShares Agency Bond ETFETF0.13%$285,7672.5K
37REMiShares Mortgage Real Estate ETFETF0.12%$279,32811.4K
38SDOGALPS Sector Dividend Dogs ETFETF0.12%$272,0705.1K
39GOVTiShares US Treasury Bond ETFETF0.12%$271,50311.7K
40VPUVanguard Utilities Index Fund ETFETF0.10%$232,8771.5K
41VGTVanguard Information Technology Index Fund ETFETF0.10%$226,052707

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 ↗.