BTS Asset Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), BTS Asset Management, Inc. reported 34 stock positions worth $83.0 million. Its top holding was Xtrackers Usd High Yield Cor (HYLB) at 36.6% of the portfolio, followed by iShares Broad Usd High Yield (USHY, 36.4%) and Invesco S&P 500 High Dividen (SPHD, 12.3%). Compared with Q1 2025, it opened 17 new positions, sold out of 18, added to 7 and reduced 10. The biggest buy was iShares Broad Usd High Yield (USHY, shares +275%) and the biggest sale an exit from SS SPDR BB High Yield Bond (JNK).
- Most Recent 13F
- Q2 2026
- Location
- Lincoln, MA
- CIK
- 0001532842
- Portfolio Value
- $83.0M (Q2 2025)
- SEC Filing
- 0001580642-25-004611 ↗ filed Jul 30, 2025
Holdings Value
Holdings 34 stocks · $83.0M
| HYLB Xtrackers Usd High Yield Cor | 36.61% | 823,411 | $30.4M | Reduce -22.6% |
| USHY iShares Broad Usd High Yield | 36.38% | 805,427 | $30.2M | Add +274.6% |
| SPHD Invesco S&P 500 High Dividen | 12.27% | 214,253 | $10.2M | New |
| TFLO iShares Treasury Floating Ra | 1.09% | 17,881 | $906K | Reduce -2.1% |
| SDIV Global X Superdividend ETF | 0.73% | 26,802 | $604K | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.73% | 23,660 | $603K | New |
| JEPI JPMorgan Equity Premium Inco | 0.66% | 9,659 | $549K | Add +2.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.66% | 10,083 | $548K | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 0.57% | 646 | $477K | Add +59.5% |
| MRSH Marsh & McLennan Cos | 0.57% | 2,164 | $473K | New |
| AON Aon PLC Class A | 0.57% | 1,326 | $473K | New |
| IEI iShares 3-7 Year Treasury Bo | 0.55% | 3,802 | $453K | New |
| FLOT iShares Floating Rate Bond E | 0.54% | 8,863 | $452K | Reduce -2.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.54% | 8,906 | $452K | Reduce -2.5% |
| BRC Brady Corporation Class A | 0.54% | 6,624 | $450K | New |
| HSY The Hershey Co. | 0.50% | 2,521 | $418K | New |
| VIG Vanguard Dividend Apprec ETF | 0.49% | 2,003 | $410K | Reduce -45.9% |
| CMCSA Comcast Corp. Class A | 0.46% | 10,695 | $382K | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 0.44% | 2,088 | $368K | New |
| CALM Cal-Maine Foods Inc. | 0.42% | 3,517 | $350K | New |
| ROIV Roivant Sciences Ltd. | 0.42% | 30,906 | $348K | New |
| VPU Vanguard Utilities ETF | 0.39% | 1,833 | $324K | Reduce -5.1% |
| SWKS Skyworks Solutions Inc. | 0.37% | 4,173 | $311K | New |
| VIS Vanguard Industrials ETF | 0.36% | 1,079 | $302K | New |
| BKLN Invesco Senior Loan ETF | 0.36% | 14,434 | $302K | Reduce -3.1% |
| IHY Vaneck Int High Yield Bond | 0.36% | 13,691 | $302K | New |
| JBBB Janus Henderson B-BBB Clo Et | 0.36% | 6,238 | $301K | New |
| XOM Exxon Mobil Corp. | 0.36% | 2,782 | $300K | Add +13.6% |
| GLD SPDR Gold Shares | 0.36% | 978 | $298K | Reduce -5.6% |
| NVDA Nvidia Corp. | 0.30% | 1,562 | $247K | Reduce -24.5% |
| HPE Hewlett Packard Enterprise | 0.28% | 11,555 | $236K | New |
| HRL Hormel Foods Corp. | 0.27% | 7,544 | $228K | Add +7.2% |
| ERIE Erie Indemnity Company Class A | 0.27% | 649 | $225K | Add +24.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.18% | 13,900 | $151K | New |
Portfolio Sells Q1 2025 → Q2 2025
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −17.66 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −17.14 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -22.6% | 36.61% | −6.79 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.70 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.52 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.51 |
| RNR Renaissancere Holdings Ltd. | Sold out | 0.00% | −0.51 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.39 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.38 |
| EUDV Proshares MSCI Europe Divide | Sold out | 0.00% | −0.35 |
| PCEF Invesco Cef Income Composite | Sold out | 0.00% | −0.35 |
| SPHY SS SPDR P High Yield ETF | Sold out | 0.00% | −0.35 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.35 |
| VIG Vanguard Dividend Apprec ETF | Reduce -45.9% | 0.49% | −0.32 |
| OMC Omnicom Group | Sold out | 0.00% | −0.26 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.25 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.25 |
| SNA Snap-on Inc. | Sold out | 0.00% | −0.25 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.23 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.23 |
| VPU Vanguard Utilities ETF | Reduce -5.1% | 0.39% | −0.05 |
| TFLO iShares Treasury Floating Ra | Reduce -2.1% | 1.09% | +0.01 |
| BKLN Invesco Senior Loan ETF | Reduce -3.1% | 0.36% | +0.02 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -2.5% | 0.54% | +0.02 |
| GLD SPDR Gold Shares | Reduce -5.6% | 0.36% | +0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -2.3% | 0.54% | +0.02 |
| NVDA Nvidia Corp. | Reduce -24.5% | 0.30% | +0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -2.8% | 0.66% | +0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| USHY iShares Broad Usd High Yield | Add +274.6% | 36.38% | +27.44 |
| SPHD Invesco S&P 500 High Dividen | New | 12.27% | +12.27 |
| SDIV Global X Superdividend ETF | New | 0.73% | +0.73 |
| SJNK SS SPDR BB St Hi Yield ETF | New | 0.73% | +0.73 |
| MRSH Marsh & McLennan Cos | New | 0.57% | +0.57 |
| AON Aon PLC Class A | New | 0.57% | +0.57 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.55% | +0.55 |
| BRC Brady Corporation Class A | New | 0.54% | +0.54 |
| HSY The Hershey Co. | New | 0.50% | +0.50 |
| GOOGL Alphabet Inc. Class A | New | 0.44% | +0.44 |
| CALM Cal-Maine Foods Inc. | New | 0.42% | +0.42 |
| ROIV Roivant Sciences Ltd. | New | 0.42% | +0.42 |
| SWKS Skyworks Solutions Inc. | New | 0.37% | +0.37 |
| VIS Vanguard Industrials ETF | New | 0.36% | +0.36 |
| IHY Vaneck Int High Yield Bond | New | 0.36% | +0.36 |
| JBBB Janus Henderson B-BBB Clo Et | New | 0.36% | +0.36 |
| META Meta Platforms Inc. Class A | Add +59.5% | 0.57% | +0.32 |
| HPE Hewlett Packard Enterprise | New | 0.28% | +0.28 |
| F Ford Motor Co. | New | 0.18% | +0.18 |
| JEPI JPMorgan Equity Premium Inco | Add +2.9% | 0.66% | +0.06 |
| CMCSA Comcast Corp. Class A | Add +6.0% | 0.46% | +0.04 |
| XOM Exxon Mobil Corp. | Add +13.6% | 0.36% | +0.03 |
| HRL Hormel Foods Corp. | Add +7.2% | 0.27% | +0.03 |
| ERIE Erie Indemnity Company Class A | Add +24.3% | 0.27% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 31 | $47.4M | HYLB, BIL, JEPI, TFLO, EIX |
| Q1 2026 | 31 | $25.9M | BIL, JEPI, TFLO, DIA, SRLN |
| Q4 2025 | 32 | $73.9M | HYLB, USHY, SPHD, JEPI, DIA |
| Q3 2025 | 30 | $78.0M | HYLB, USHY, SPHD, JEPI, KR |
| Q2 2025 | 34 | $83.0M | HYLB, USHY, SPHD, TFLO, SDIV |
| Q1 2025 | 35 | $88.6M | HYLB, JNK, IEF, USHY, TFLO |
| Q4 2024 | 37 | $100.1M | HYLB, JNK, USHY, DIA, SPHY |
| Q3 2024 | 30 | $104.9M | HYLB, JNK, USHY, DIA, HYG |
| Q2 2024 | 22 | $107.3M | HYLB, JNK, HYD, CWB, HYG |
| Q1 2024 | 36 | $120.9M | HYLB, JNK, HYD, CWB, HYG |