SEC 13F Intelligence

Managers / Q1 2025 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$89M
Q1 2025
Positions
35
Filings on Record
28
2019–present window
Filed
Apr 16, 2025
original filing

Summary

Bts Asset Management, Inc. reported $89M in U.S.-listed holdings across 35 positions for Q1 2025.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf alone accounts for 43.4% of reported value.

Compared with Q4 2024, the fund opened 18 new positions and exited 20.

Portfolio Metrics

Turnover
+23.2%
vs prior filed quarter
Top-10 Concentration
+91.4%
share of reported value
Largest Position
+43.4%
Xtrackers Usd High Yield Corporate Bond Etf
New / Exited
18 / 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: 95.5%Common Stock: 4.5%
  • ETP · 95.5% · $85M
  • Common Stock · 4.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEFiShares 7-10 Year Treasury Bond ETFNEW+159.6K159.6K+$15M$15M
SRLNSPDR Blackstone Senior Loan ETFNEW+15.0K15.0K+$617,362$617,362
JAAAJanus Henderson AAA CLO ETFNEW+9.1K9.1K+$463,206$463,206
TIPiShares TIPS Bond ETFNEW+4.2K4.2K+$462,660$462,660
CBChubb Ltd.NEW+1.5K1.5K+$452,985$452,985
RNRRenaissanceRe Holdings Ltd.NEW+1.9K1.9K+$449,520$449,520
VPUVanguard Utilities ETFNEW+1.9K1.9K+$392,758$392,758
MOAltria Group, Inc.NEW+5.7K5.7K+$341,214$341,214

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

Holdings — Q1 2025

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Xtrackers USD High Yield Corporate Bond ETFETF43.40%$38M1.06M
2SPDR Bloomberg High Yield Bond ETFETF17.66%$16M164.1K
3IEFiShares 7-10 Year Treasury Bond ETFhistory →ETF17.14%$15M159.6K
4USHYiShares Broad USD High Yield Corporate Bond ETFhistory →ETF8.94%$8M215.0K
5TFLOiShares Treasury Floating Rate Bond ETFhistory →ETF1.08%$952,74218.3K
6VIGVanguard Dividend Appreciation ETFETF0.81%$718,7843.7K
7SRLNSPDR Blackstone Senior Loan ETFETF0.70%$617,36215.0K
8JPMorgan Nasdaq Equity Premium Income ETFETF0.61%$537,19910.4K
9JEPIJPMorgan Equity Premium Income ETFETF0.61%$536,4239.4K
10JAAAJanus Henderson AAA CLO ETFETF0.52%$463,2069.1K
11FLOTiShares Floating Rate Bond ETFETF0.52%$462,8569.1K
12TIPiShares TIPS Bond ETFETF0.52%$462,6604.2K
13CBChubb Ltd.Equity0.51%$452,9851.5K
14RNRRenaissanceRe Holdings Ltd.Equity0.51%$449,5201.9K
15VPUVanguard Utilities ETFETF0.44%$392,7581.9K
16CMCSAComcast CorporationEquity0.42%$372,13710.1K
17MOAltria Group, Inc.Equity0.39%$341,2145.7K
18COKECoca-Cola Consolidated, Inc.Equity0.38%$334,800248
19EUDVProShares Trust - ProShares MSCI Europe Dividend Growers ETFETF0.35%$310,2286.3K
20PCEFInvesco CEF Income Composite ETFETF0.35%$309,44216.4K
21SPDR Portfolio High Yield Bond ETFETF0.35%$308,66513.2K
22BKLNInvesco Senior Loan ETFETF0.35%$308,36814.9K
23XLEEnergy Select Sector SPDR FundETF0.35%$307,8253.3K
24GLDSPDR Gold Shares ETFETF0.34%$298,6001.0K
25EXMOCExxon Mobil CorporationEquity0.33%$291,4252.5K
26OMCOmnicom Group, Inc.Equity0.26%$227,0902.7K
27NVDANVIDIA CorporationEquity0.25%$224,1092.1K
28METAMeta Platforms, Inc.Equity0.25%$223,943405
29LMTLockheed Martin CorporationEquity0.25%$219,750492
30ERIEErie Indemnity CompanyEquity0.25%$218,842522
31CVXChevron CorporationEquity0.25%$217,9791.3K
32SNASnap-on, Inc.Equity0.25%$217,708646
33HRLHormel Foods CorporationEquity0.25%$217,6947.0K
34VBRVanguard Small-Cap Value ETFETF0.23%$203,9041.1K
35BNDVanguard Total Bond Market ETFETF0.23%$201,1422.7K

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 ↗.