SEC 13F Intelligence

Managers / Q4 2025 · view latest →

BTS Asset Management, Inc.

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

Reported Value
$74M
Q4 2025
Positions
32
Filings on Record
28
2019–present window
Filed
Jan 26, 2026
original filing

Summary

Bts Asset Management, Inc. reported $74M in U.S.-listed holdings across 32 positions for Q4 2025.

The portfolio is heavily concentrated: Xtrackers Usd High Yield Corporate Bond Etf alone accounts for 35.1% of reported value.

Compared with Q3 2025, the fund opened 11 new positions and exited 9.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+89.6%
share of reported value
Largest Position
+35.1%
Xtrackers Usd High Yield Corporate Bond Etf
New / Exited
11 / 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: 93.0%Common Stock: 7.0%
  • ETP · 93.0% · $69M
  • Common Stock · 7.0% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DIASPDR DOW JONES INDL AVERAGE ETFNEW+2.3K2.3K+$1M$1M
EDCONSOLIDATED EDISONNEW+7.4K7.4K+$742,311$742,311
SRLNSTATE STREET BLACKSTONE SENIOR LOAN ETFNEW+14.6K14.6K+$603,492$603,492
AEEAMEREN CORPNEW+4.9K4.9K+$495,714$495,714
AGZISHARES AGENCY BOND ETFNEW+4.1K4.1K+$452,521$452,521
ABTABBOTT LABSNEW+2.5K2.5K+$317,262$317,262
XLYSELECT SECTOR SPDR TR CONSUMERNEW+2.6K2.6K+$310,717$310,717
PCEFINVESCO CEF INCOME COMPOSITE ETFNEW+15.2K15.2K+$301,030$301,030

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

Holdings — Q4 2025

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XTRACKERS USD HIGH YIELD CORPORATE BOND ETFETF35.06%$26M703.6K
2USHYISHARES BROAD USD HIGH YIELD CORPORATE BOND ETFhistory →ETF34.97%$26M691.1K
3SPHDINVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETFhistory →ETF11.77%$9M180.6K
4JEPIJ P MORGAN EXCHANGE-TRADED FDhistory →ETF1.59%$1M20.6K
5DIASPDR DOW JONES INDL AVERAGE ETFhistory →ETF1.52%$1M2.3K
6TFLOISHARES TREASURY FLOATING RATE BD ETFhistory →ETF1.22%$904,97817.9K
7EDCONSOLIDATED EDISONhistory →Equity1.00%$742,3117.4K
8KRKROGER COEquity0.88%$648,55710.4K
9SRLNSTATE STREET BLACKSTONE SENIOR LOAN ETFETF0.82%$603,49214.6K
10JPMORGAN NASDAQ EQUITY PREMIUM INCOME ETFETF0.78%$575,4309.9K
11IEFISHARES TR BARCLAYS 7-10 YR TREAS BD ETFETF0.75%$552,8055.8K
12NVDANVIDIA CORPEquity0.69%$508,4702.7K
13AEEAMEREN CORPEquity0.67%$495,7144.9K
14CMCSACOMCAST CORP CL AEquity0.64%$474,08216.0K
15AGZISHARES AGENCY BOND ETFETF0.61%$452,5214.1K
16JAAAJANUS DETROIT HENDERSON AAA CLO ETFETF0.61%$452,4108.9K
17GOOGLALPHABET INC CAP STK CL AEquity0.53%$395,3461.3K
18METAMETA PLATFORMS INCEquity0.50%$369,881568
19CALMCAL-MAINE FOODS, INC.Equity0.50%$369,1374.6K
20GLDSPDR GOLD TR GOLD SHSETF0.48%$356,806900
21ABTABBOTT LABSEquity0.43%$317,2622.5K
22XLEENERGY SELECT SECTOR SPDR FUNDETF0.42%$311,9296.8K
23XLYSELECT SECTOR SPDR TR CONSUMERETF0.42%$310,7172.6K
24SJNKSTATE STREET SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETFETF0.41%$301,48511.9K
25PCEFINVESCO CEF INCOME COMPOSITE ETFETF0.41%$301,03015.2K
26NOBLPROSHARES TR S&P 500 ARISTOCRATS ETFETF0.41%$300,9062.9K
27JBBBJANUS HENDERSON BBBB CLO ETFETF0.41%$300,5456.3K
28EXCEXELON CORPEquity0.33%$247,0515.6K
29SNASNAP ON TOOLS CORPEquity0.33%$243,601695
30ERIEERIE INDEMNITY COMPANY CLASS AEquity0.32%$236,316837
31VBRVANGUARD SMALL-CAP VALUE ETFETF0.31%$229,0571.1K
32FFORD MOTOR COMPANYEquity0.22%$159,04512.0K

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 ↗.