BTS Asset Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), BTS Asset Management, Inc. reported 30 stock positions worth $78.0 million. Its top holding was Xtrackers Usd High Yield Cor (HYLB) at 35.9% of the portfolio, followed by iShares Broad Usd High Yield (USHY, 35.9%) and Invesco S&P 500 High Dividen (SPHD, 12.3%). Compared with Q2 2025, it opened 10 new positions, sold out of 14, added to 12 and reduced 8. The biggest buy was a new position in Kroger (KR) and the biggest sale an exit from Global X Superdividend ETF (SDIV).
- Most Recent 13F
- Q2 2026
- Location
- Lincoln, MA
- CIK
- 0001532842
- Portfolio Value
- $78.0M (Q3 2025)
- SEC Filing
- 0001580642-25-007234 ↗ filed Nov 12, 2025
Holdings Value
Holdings 30 stocks · $78.0M
| HYLB Xtrackers Usd High Yield Cor | 35.89% | 754,425 | $28.0M | Reduce -8.4% |
| USHY iShares Broad Usd High Yield | 35.86% | 740,413 | $28.0M | Reduce -8.1% |
| SPHD Invesco S&P 500 High Dividen | 12.25% | 193,305 | $9.6M | Reduce -9.8% |
| JEPI JPMorgan Equity Premium Inco | 1.54% | 21,016 | $1.2M | Add +117.6% |
| KR Kroger Co. | 1.29% | 14,930 | $1.0M | New |
| TFLO iShares Treasury Floating Ra | 1.17% | 18,084 | $915K | Add +1.1% |
| JBBB Janus Henderson B-BBB Clo Et | 0.78% | 12,666 | $610K | Add +103.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.76% | 10,249 | $590K | Add +1.6% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 6,055 | $584K | New |
| CMCSA Comcast Corp. Class A | 0.74% | 18,279 | $574K | Add +70.9% |
| NVDA Nvidia Corp. | 0.66% | 2,778 | $518K | Add +77.8% |
| META Meta Platforms Inc. Class A | 0.66% | 697 | $512K | Add +7.9% |
| HSY The Hershey Co. | 0.65% | 2,695 | $504K | Add +6.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.59% | 9,007 | $457K | Add +1.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.59% | 5,513 | $457K | New |
| VIG Vanguard Dividend Apprec ETF | 0.52% | 1,878 | $405K | Reduce -6.2% |
| XOM Exxon Mobil Corp. | 0.52% | 3,588 | $405K | Add +29.0% |
| GOOGL Alphabet Inc. Class A | 0.50% | 1,616 | $393K | Reduce -22.6% |
| CALM Cal-Maine Foods Inc. | 0.49% | 4,041 | $380K | Add +14.9% |
| GLD SPDR Gold Shares | 0.43% | 941 | $334K | Reduce -3.8% |
| XLE SS Energy Select Sector | 0.40% | 3,468 | $310K | New |
| CWB SS SPDR BB Conv Sec ETF | 0.39% | 3,379 | $306K | New |
| NOBL Proshares S&P 500 Dividend A | 0.39% | 2,967 | $306K | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.39% | 11,918 | $305K | Reduce -49.6% |
| BKLN Invesco Senior Loan ETF | 0.39% | 14,574 | $305K | Add +1.0% |
| OMC Omnicom Group | 0.32% | 3,049 | $249K | New |
| CVX Chevron Corp. | 0.32% | 1,585 | $246K | New |
| SNA Snap-on Inc. | 0.32% | 710 | $246K | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.27% | 2,314 | $208K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.21% | 13,512 | $162K | Reduce -2.8% |
Portfolio Sells Q2 2025 → Q3 2025
| SDIV Global X Superdividend ETF | Sold out | 0.00% | −0.73 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -8.4% | 35.89% | −0.72 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.57 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.57 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.55 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.54 |
| BRC Brady Corporation Class A | Sold out | 0.00% | −0.54 |
| USHY iShares Broad Usd High Yield | Reduce -8.1% | 35.86% | −0.52 |
| ROIV Roivant Sciences Ltd. | Sold out | 0.00% | −0.42 |
| VPU Vanguard Utilities ETF | Sold out | 0.00% | −0.39 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.37 |
| VIS Vanguard Industrials ETF | Sold out | 0.00% | −0.36 |
| IHY Vaneck Int High Yield Bond | Sold out | 0.00% | −0.36 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -49.6% | 0.39% | −0.33 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.28 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.27 |
| ERIE Erie Indemnity Company Class A | Sold out | 0.00% | −0.27 |
| SPHD Invesco S&P 500 High Dividen | Reduce -9.8% | 12.25% | −0.02 |
| F Ford Motor Co. | Reduce -2.8% | 0.21% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.2% | 0.52% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -22.6% | 0.50% | +0.06 |
| GLD SPDR Gold Shares | Reduce -3.8% | 0.43% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| KR Kroger Co. | New | 1.29% | +1.29 |
| JEPI JPMorgan Equity Premium Inco | Add +117.6% | 1.54% | +0.88 |
| IEF iShares 7-10 Year Treasury B | New | 0.75% | +0.75 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.59% | +0.59 |
| JBBB Janus Henderson B-BBB Clo Et | Add +103.0% | 0.78% | +0.42 |
| XLE SS Energy Select Sector | New | 0.40% | +0.40 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.39% | +0.39 |
| NOBL Proshares S&P 500 Dividend A | New | 0.39% | +0.39 |
| NVDA Nvidia Corp. | Add +77.8% | 0.66% | +0.37 |
| OMC Omnicom Group | New | 0.32% | +0.32 |
| CVX Chevron Corp. | New | 0.32% | +0.32 |
| SNA Snap-on Inc. | New | 0.32% | +0.32 |
| CMCSA Comcast Corp. Class A | Add +70.9% | 0.74% | +0.28 |
| CF CF Industries Holdings Inc. | New | 0.27% | +0.27 |
| XOM Exxon Mobil Corp. | Add +29.0% | 0.52% | +0.16 |
| HSY The Hershey Co. | Add +6.9% | 0.65% | +0.14 |
| JEPQ JPM Nasdaq Equity Premium | Add +1.6% | 0.76% | +0.10 |
| TFLO iShares Treasury Floating Ra | Add +1.1% | 1.17% | +0.08 |
| META Meta Platforms Inc. Class A | Add +7.9% | 0.66% | +0.08 |
| CALM Cal-Maine Foods Inc. | Add +14.9% | 0.49% | +0.07 |
| JAAA Janus Henderson Aaa Clo ETF | Add +1.1% | 0.59% | +0.04 |
| BKLN Invesco Senior Loan ETF | Add +1.0% | 0.39% | +0.03 |
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 |