SEC 13F Intelligence

Managers / Q4 2023 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$133M
Q4 2023
Positions
25
Filings on Record
28
2019–present window
Filed
Jan 18, 2024
original filing

Summary

Bts Asset Management, Inc. reported $133M in U.S.-listed holdings across 25 positions for Q4 2023.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf alone accounts for 45.0% of reported value.

Compared with Q3 2023, the fund opened 9 new positions and exited 20.

Portfolio Metrics

Turnover
+27.8%
vs prior filed quarter
Top-10 Concentration
+96.5%
share of reported value
Largest Position
+45.0%
Xtrackers Usd High Yield Corporate Bond Etf
New / Exited
9 / 20
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% · $133M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEFiShares 7-10 Year Treasury Bond ETFNEW+233.7K233.7K+$23M$23M
HYDVanEck High Yield Muni ETFNEW+126.7K126.7K+$7M$7M
DIASPDR Dow Jones Industrial Average ETFNEW+6.5K6.5K+$2M$2M
SPDR Bloomberg International Corporate Bond ETFNEW+13.4K13.4K+$402,292$402,292
TLTiShares 20plus Year Treasury Bond ETFNEW+3.9K3.9K+$381,281$381,281
JPSTJPMorgan Ultra-Short Income ETFNEW+6.6K6.6K+$331,514$331,514
JBBBJanus Henderson B-BBB CLO ETFNEW+6.8K6.8K+$326,557$326,557
GLDSPDR Gold Shares ETFNEW+1.6K1.6K+$314,018$314,018

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

Holdings — Q4 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Xtrackers USD High Yield Corporate Bond ETFETF44.96%$60M1.67M
2SPDR Bloomberg High Yield Bond ETFETF18.88%$25M264.0K
3IEFiShares 7-10 Year Treasury Bond ETFhistory →ETF17.01%$23M233.7K
4HYDVanEck High Yield Muni ETFhistory →ETF4.94%$7M126.7K
5CWBSPDR Bloomberg Convertible Securities ETFhistory →ETF4.70%$6M86.2K
6DIASPDR Dow Jones Industrial Average ETFhistory →ETF1.86%$2M6.5K
7iShares iBoxx High Yield Corporate Bond ETFETF1.69%$2M28.9K
8BNDVanguard Total Bond Market ETFhistory →ETF1.25%$2M22.4K
9VIGVanguard Dividend Appreciation Index Fund ETFETF0.63%$837,5804.9K
10TFLOiShares Treasury Floating Rate Bond ETFETF0.55%$734,75514.6K
11SPDR Bloomberg International Corporate Bond ETFETF0.30%$402,29213.4K
12PCEFInvesco CEF Income Composite ETFETF0.29%$390,53221.7K
13TLTiShares 20plus Year Treasury Bond ETFETF0.29%$381,2813.9K
14VBRVanguard Small Cap Value Index Fund ETFETF0.26%$342,4251.9K
15FLOTiShares Floating Rate Bond ETFETF0.25%$331,5966.6K
16JPSTJPMorgan Ultra-Short Income ETFETF0.25%$331,5146.6K
17VRPInvesco Variable Rate Preferred ETFETF0.25%$330,71614.3K
18JBBBJanus Henderson B-BBB CLO ETFETF0.25%$326,5576.8K
19EEMiShares MSCI Emerging Markets ETFETF0.24%$323,9898.1K
20GLDSPDR Gold Shares ETFETF0.24%$314,0181.6K
21AMLPAlerian MLP ETFETF0.23%$305,5497.2K
22BWXSPDR Bloomberg International Treasury Bond ETFETF0.18%$244,80610.6K
23MUBiShares National Muni Bond ETFETF0.17%$229,5042.1K
24IYJiShares US Industrial ETFETF0.16%$215,6691.9K
25VHTVanguard Health Care Index Fund ETFETF0.16%$207,788828

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 ↗.