SEC 13F Intelligence

Managers / Q2 2023 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$198M
Q2 2023
Positions
41
Filings on Record
28
2019–present window
Filed
Jul 10, 2023
original filing

Summary

Bts Asset Management, Inc. reported $198M in U.S.-listed holdings across 41 positions for Q2 2023.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf alone accounts for 33.3% of reported value.

Compared with Q1 2023, the fund opened 8 new positions and exited 9.

Portfolio Metrics

Turnover
+78.7%
vs prior filed quarter
Top-10 Concentration
+91.7%
share of reported value
Largest Position
+33.3%
Xtrackers Usd High Yield Corporate Bond Etf
New / Exited
8 / 9
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: 97.1%Common Stock: 2.9%
  • ETP · 97.1% · $192M
  • Common Stock · 2.9% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Xtrackers USD High Yield Corporate Bond ETFNEW+1.91M1.91M+$66M$66M
SPDR Bloomberg High Yield Bond ETFNEW+704.9K704.9K+$65M$65M
USMViShares MSCI USA Min Vol Factor ETFNEW+112.9K112.9K+$8M$8M
HYDVanEck High Yield Muni ETFNEW+163.4K163.4K+$8M$8M
Invesco S&P 500 Low Volatility ETFNEW+90.9K90.9K+$6M$6M
iShares iBoxx High Yield Corporate Bond ETFNEW+34.5K34.5K+$3M$3M
NOBLProShares S&P 500 Dividend Aristocrats ETFNEW+4.5K4.5K+$420,827$420,827
VGSHVanguard Short-Term Treasury ETFNEW+6.9K6.9K+$397,157$397,157

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

Holdings — Q2 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Xtrackers USD High Yield Corporate Bond ETFETF33.34%$66M1.91M
2SPDR Bloomberg High Yield Bond ETFETF32.78%$65M704.9K
3BNDVanguard Total Bond Market ETFhistory →ETF4.97%$10M135.4K
4CWBSPDR Bloomberg Convertible Securities ETFhistory →ETF4.45%$9M125.9K
5USMViShares MSCI USA Min Vol Factor ETFhistory →ETF4.24%$8M112.9K
6HYDVanEck High Yield Muni ETFhistory →ETF4.24%$8M163.4K
7Invesco S&P 500 Low Volatility ETFETF2.89%$6M90.9K
8VIGVanguard Dividend Appreciation Index Fund ETFhistory →ETF1.85%$4M22.6K
9SPHDInvesco S&P 500 High Dividend Low Volatility ETFhistory →ETF1.59%$3M50.0K
10iShares iBoxx High Yield Corporate Bond ETFETF1.31%$3M34.5K
11EEMiShares MSCI Emerging Markets ETFETF0.64%$1M32.0K
12VBRVanguard Small Cap Value Index Fund ETFETF0.55%$1M6.5K
13MUBiShares National Muni Bond ETFETF0.47%$931,4908.7K
14VCITVanguard Intermediate-Term Corporate Bond ETFETF0.45%$898,17611.4K
15JPMorgan Nasdaq Equity Premium Income ETFETF0.38%$743,54015.4K
16VFHVanguard Financials Index Fund ETFETF0.36%$703,2788.7K
17JEPIJPMorgan Equity Premium Income ETFETF0.35%$695,45612.6K
18USHYiShares Broad USD High Yield Corporate Bond ETFETF0.35%$693,38819.6K
19JAAAJanus Henderson AAA CLO ETFETF0.35%$683,45913.7K
20GOVTiShares US Treasury Bond ETFETF0.33%$656,36328.7K
21SRLNSPDR Blackstone Senior Loan ETFETF0.28%$548,66913.1K
22AMLPAlerian MLP ETFETF0.28%$545,74113.9K
23VRPInvesco Variable Rate Preferred ETFETF0.28%$544,31224.5K
24TFLOiShares Treasury Floating Rate Bond ETFETF0.27%$527,72810.4K
25IYJiShares US Industrial ETFETF0.24%$476,6394.5K
26VHTVanguard Health Care Index Fund ETFETF0.23%$460,9351.9K
27FLOTiShares Floating Rate Bond ETFETF0.21%$424,5218.4K
28NOBLProShares S&P 500 Dividend Aristocrats ETFETF0.21%$420,8274.5K
29PCEFInvesco CEF Income Composite ETFETF0.21%$420,42323.3K
30SPDR Portfolio High Yield Bond ETFETF0.21%$407,21917.8K
31HYMBSPDR Nuveen Bloomberg High Yield Municipal Bond ETFETF0.20%$402,09516.1K
32VGSHVanguard Short-Term Treasury ETFETF0.20%$397,1576.9K
33MBBiShares MBS ETFETF0.20%$392,6864.2K
34AGZiShares Agency Bond ETFETF0.20%$387,0043.6K
35REMiShares Mortgage Real Estate ETFETF0.15%$292,65812.4K
36SDOGALPS Sector Dividend Dogs ETFETF0.14%$276,7255.5K
37EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.14%$270,1193.1K
38IHYVanEck International High Yield Bond ETFETF0.14%$267,94213.4K
39VGTVanguard Information Technology Index Fund ETFETF0.13%$258,745585
40VDCVanguard Consumer Staples Index Fund ETFETF0.11%$225,6591.2K
41VPUVanguard Utilities Index Fund ETFETF0.11%$218,3631.5K

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 ↗.