SEC 13F Intelligence

Managers / Q3 2023 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$154M
Q3 2023
Positions
36
Filings on Record
28
2019–present window
Filed
Oct 10, 2023
original filing

Summary

Bts Asset Management, Inc. reported $154M in U.S.-listed holdings across 36 positions for Q3 2023.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf alone accounts for 38.3% of reported value.

Compared with Q2 2023, the fund opened 2 new positions and exited 7.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+92.7%
share of reported value
Largest Position
+38.3%
Xtrackers Usd High Yield Corporate Bond Etf
New / Exited
2 / 7
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: 100.0%
  • ETP · 100.0% · $154M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SJNKSPDR Bloomberg Short Term High Yield Bond ETFNEW+510.7K510.7K+$12M$12M
SGOViShares 0-3 Month Treasury Bond ETFNEW+4.5K4.5K+$449,995$449,995
USMViShares MSCI USA Min Vol Factor ETFSOLD OUT−112.9K0−$8M$0
HYDVanEck High Yield Muni ETFSOLD OUT−163.4K0−$8M$0
Invesco S&P 500 Low Volatility ETFSOLD OUT−90.9K0−$6M$0
SPHDInvesco S&P 500 High Dividend Low Volatility ETFSOLD OUT−50.0K0−$3M$0
VGTVanguard Information Technology Index Fund ETFSOLD OUT−5850−$258,745$0
VDCVanguard Consumer Staples Index Fund ETFSOLD OUT−1.2K0−$225,659$0

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

Holdings — Q3 2023

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Xtrackers USD High Yield Corporate Bond ETFETF38.30%$59M1.74M
2SPDR Bloomberg High Yield Bond ETFETF38.21%$59M653.0K
3SJNKSPDR Bloomberg Short Term High Yield Bond ETFhistory →ETF8.09%$12M510.7K
4BNDVanguard Total Bond Market ETFhistory →ETF3.47%$5M76.9K
5iShares iBoxx High Yield Corporate Bond ETFETF1.52%$2M31.9K
6VIGVanguard Dividend Appreciation Index Fund ETFhistory →ETF1.09%$2M10.8K
7VCITVanguard Intermediate-Term Corporate Bond ETFETF0.57%$888,09511.7K
8MUBiShares National Muni Bond ETFETF0.56%$870,2578.5K
9JPMorgan Nasdaq Equity Premium Income ETFETF0.47%$721,05215.4K
10JAAAJanus Henderson AAA CLO ETFETF0.45%$689,94213.7K
11USHYiShares Broad USD High Yield Corporate Bond ETFETF0.44%$681,76319.6K
12JEPIJPMorgan Equity Premium Income ETFETF0.42%$647,86212.1K
13GOVTiShares US Treasury Bond ETFETF0.41%$631,68428.7K
14EEMiShares MSCI Emerging Markets ETFETF0.40%$617,92816.3K
15AMLPAlerian MLP ETFETF0.38%$587,18113.9K
16VRPInvesco Variable Rate Preferred ETFETF0.35%$547,13924.5K
17VBRVanguard Small Cap Value Index Fund ETFETF0.35%$546,6923.4K
18TFLOiShares Treasury Floating Rate Bond ETFETF0.35%$543,83110.7K
19SRLNSPDR Blackstone Senior Loan ETFETF0.35%$533,81112.7K
20SGOViShares 0-3 Month Treasury Bond ETFETF0.29%$449,9954.5K
21CWBSPDR Bloomberg Convertible Securities ETFETF0.27%$415,4296.1K
22FLOTiShares Floating Rate Bond ETFETF0.27%$409,6538.1K
23SPDR Portfolio High Yield Bond ETFETF0.26%$399,70617.8K
24PCEFInvesco CEF Income Composite ETFETF0.26%$397,55323.3K
25AGZiShares Agency Bond ETFETF0.25%$387,8003.7K
26VGSHVanguard Short-Term Treasury ETFETF0.25%$386,1506.7K
27NOBLProShares S&P 500 Dividend Aristocrats ETFETF0.25%$385,2814.4K
28HYMBSPDR Nuveen Bloomberg High Yield Municipal Bond ETFETF0.25%$382,82916.1K
29MBBiShares MBS ETFETF0.24%$373,8984.2K
30VFHVanguard Financials Index Fund ETFETF0.24%$368,7534.6K
31REMiShares Mortgage Real Estate ETFETF0.18%$276,82712.4K
32IHYVanEck International High Yield Bond ETFETF0.17%$261,83613.4K
33EMBiShares JP Morgan USD Emerging Markets Bond ETFETF0.17%$257,5523.1K
34SDOGALPS Sector Dividend Dogs ETFETF0.16%$243,8515.2K
35VHTVanguard Health Care Index Fund ETFETF0.16%$242,1871.0K
36IYJiShares US Industrial ETFETF0.15%$238,1242.4K

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 ↗.