SEC 13F Intelligence

Managers / Q3 2025 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$78M
Q3 2025
Positions
30
Filings on Record
28
2019–present window
Filed
Nov 12, 2025
original filing

Summary

Bts Asset Management, Inc. reported $78M in U.S.-listed holdings across 30 positions for Q3 2025.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf Usd Class alone accounts for 35.9% of reported value.

Compared with Q2 2025, the fund opened 10 new positions and exited 14.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+91.0%
share of reported value
Largest Position
+35.9%
Xtrackers Usd High Yield Corporate Bond Etf Usd Class
New / Exited
10 / 14
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: 93.1%Common Stock: 6.9%
  • ETP · 93.1% · $73M
  • Common Stock · 6.9% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRKroger Company (The)NEW+14.9K14.9K+$1M$1M
IEFiShares 7-10 Year Treasury Bond ETFNEW+6.1K6.1K+$584,079$584,079
SHYiShares 1-3 Year Treasury Bond ETFNEW+5.5K5.5K+$457,358$457,358
XLEEnergy Select Sector SPDR FundNEW+3.5K3.5K+$309,836$309,836
CWBSPDR Bloomberg Convertible Securities ETFNEW+3.4K3.4K+$305,787$305,787
NOBLProShares S&P 500 Dividend AristocratsNEW+3.0K3.0K+$305,768$305,768
OMCOmnicom Group, Inc.NEW+3.0K3.0K+$248,601$248,601
CVXChevron CorporationNEW+1.6K1.6K+$246,166$246,166

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

Holdings — Q3 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Xtrackers USD High Yield Corporate Bond ETF USD ClassETF35.89%$28M754.4K
2USHYiShares Broad USD High Yield Corporate Bond ETF USD Classhistory →ETF35.86%$28M740.4K
3SPHDInvesco S&P 500 High Dividend Low Volatility ETFhistory →ETF12.25%$10M193.3K
4JEPIJPMorgan Equity Premium Income ETFhistory →ETF1.54%$1M21.0K
5KRKroger Company (The)history →Equity1.29%$1M14.9K
6TFLOiShares Treasury Floating Rate Bond ETFhistory →ETF1.17%$914,89018.1K
7JBBBJanus Henderson B-BBB CLO ETF USD ClassETF0.78%$610,13812.7K
8JPMorgan Nasdaq Equity Premium Income ETFETF0.76%$589,51210.2K
9IEFiShares 7-10 Year Treasury Bond ETFETF0.75%$584,0796.1K
10CMCSAComcast CorporationEquity0.74%$574,32218.3K
11NVDANVIDIA CorporationEquity0.66%$518,2652.8K
12METAMeta Platforms, IncEquity0.66%$511,535697
13HSYHershey Company (The)Equity0.65%$504,0782.7K
14JAAAJanus Henderson AAA CLO ETF USD ClassETF0.59%$457,3779.0K
15SHYiShares 1-3 Year Treasury Bond ETFETF0.59%$457,3585.5K
16VIGVanguard Dividend Appreciation ETF USD ClassETF0.52%$405,1881.9K
17EXMOCExxon Mobil CorporationEquity0.52%$404,5583.6K
18GOOGLAlphabet, Inc.Equity0.50%$392,8811.6K
19CALMCal-Maine Foods, Inc.Equity0.49%$380,2474.0K
20GLDSPDR Gold Tr Gold ShsETF0.43%$334,461941
21XLEEnergy Select Sector SPDR FundETF0.40%$309,8363.5K
22CWBSPDR Bloomberg Convertible Securities ETFETF0.39%$305,7873.4K
23NOBLProShares S&P 500 Dividend AristocratsETF0.39%$305,7683.0K
24SJNKSPDR Bloomberg Short Term High Yield Bond ETF USD ClassETF0.39%$305,11011.9K
25BKLNInvesco Senior Loan ETF USD ClassETF0.39%$305,03214.6K
26OMCOmnicom Group, Inc.Equity0.32%$248,6013.0K
27CVXChevron CorporationEquity0.32%$246,1661.6K
28SNASnap-on, Inc.Equity0.32%$245,897710
29CFCF Industries Holdings, Inc.Equity0.27%$207,5512.3K
30FFord Motor CompanyEquity0.21%$161,60413.5K

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 ↗.