BTS Asset Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), BTS Asset Management, Inc. reported 32 stock positions worth $73.9 million. Its top holding was Xtrackers Usd High Yield Cor (HYLB) at 35.1% of the portfolio, followed by iShares Broad Usd High Yield (USHY, 35.0%) and Invesco S&P 500 High Dividen (SPHD, 11.8%). Compared with Q3 2025, it opened 11 new positions, sold out of 9, added to 1 and reduced 20. The biggest buy was a new position in SS SPDR Dow Jones Indus Avg (DIA) and the biggest sale iShares Broad Usd High Yield (USHY, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- Lincoln, MA
- CIK
- 0001532842
- Portfolio Value
- $73.9M (Q4 2025)
- SEC Filing
- 0001580642-26-000400 ↗ filed Jan 26, 2026
Holdings Value
Holdings 32 stocks · $73.9M
| HYLB Xtrackers Usd High Yield Cor | 35.06% | 703,554 | $25.9M | Reduce -6.7% |
| USHY iShares Broad Usd High Yield | 34.97% | 691,112 | $25.9M | Reduce -6.7% |
| SPHD Invesco S&P 500 High Dividen | 11.77% | 180,649 | $8.7M | Reduce -6.5% |
| JEPI JPMorgan Equity Premium Inco | 1.59% | 20,569 | $1.2M | Reduce -2.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.52% | 2,338 | $1.1M | New |
| TFLO iShares Treasury Floating Ra | 1.22% | 17,928 | $905K | Reduce -0.9% |
| ED Consolidated Edison Inc. | 1.00% | 7,425 | $742K | New |
| KR Kroger Co. | 0.88% | 10,361 | $649K | Reduce -30.6% |
| SRLN SS Blackstone Sr Loan ETF | 0.82% | 14,613 | $603K | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.78% | 9,904 | $575K | Reduce -3.4% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 5,752 | $553K | Reduce -5.0% |
| NVDA Nvidia Corp. | 0.69% | 2,719 | $508K | Reduce -2.1% |
| AEE Ameren Corporation | 0.67% | 4,916 | $496K | New |
| CMCSA Comcast Corp. Class A | 0.64% | 15,951 | $474K | Reduce -12.7% |
| AGZ iShares Agency Bond ETF | 0.61% | 4,103 | $453K | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.61% | 8,939 | $452K | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.53% | 1,255 | $395K | Reduce -22.3% |
| META Meta Platforms Inc. Class A | 0.50% | 568 | $370K | Reduce -18.5% |
| CALM Cal-Maine Foods Inc. | 0.50% | 4,639 | $369K | Add +14.8% |
| GLD SPDR Gold Shares | 0.48% | 900 | $357K | Reduce -4.4% |
| ABT Abbott Laboratories | 0.43% | 2,543 | $317K | New |
| XLE SS Energy Select Sector | 0.42% | 6,843 | $312K | Reduce -1.3% |
| XLY SS Consumer Disc Select Sect | 0.42% | 2,623 | $311K | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.41% | 11,907 | $301K | Reduce -0.1% |
| PCEF Invesco Cef Income Composite | 0.41% | 15,153 | $301K | New |
| NOBL Proshares S&P 500 Dividend A | 0.41% | 2,881 | $301K | Reduce -2.9% |
| JBBB Janus Henderson B-BBB Clo Et | 0.41% | 6,311 | $301K | Reduce -50.2% |
| EXC Exelon Corp. | 0.33% | 5,626 | $247K | New |
| SNA Snap-on Inc. | 0.33% | 695 | $244K | Reduce -2.1% |
| ERIE Erie Indemnity Company Class A | 0.32% | 837 | $236K | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.31% | 1,082 | $229K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.22% | 12,024 | $159K | Reduce -11.0% |
Portfolio Sells Q3 2025 → Q4 2025
| USHY iShares Broad Usd High Yield | Reduce -6.7% | 34.97% | −0.89 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -6.7% | 35.06% | −0.83 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.65 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.59 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.52 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.52 |
| SPHD Invesco S&P 500 High Dividen | Reduce -6.5% | 11.77% | −0.48 |
| KR Kroger Co. | Reduce -30.6% | 0.88% | −0.41 |
| CWB SS SPDR BB Conv Sec ETF | Sold out | 0.00% | −0.39 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.39 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -50.2% | 0.41% | −0.38 |
| OMC Omnicom Group | Sold out | 0.00% | −0.32 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.32 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.27 |
| META Meta Platforms Inc. Class A | Reduce -18.5% | 0.50% | −0.16 |
| CMCSA Comcast Corp. Class A | Reduce -12.7% | 0.64% | −0.10 |
| IEF iShares 7-10 Year Treasury B | Reduce -5.0% | 0.75% | −0.00 |
| F Ford Motor Co. | Reduce -11.0% | 0.22% | +0.01 |
| SNA Snap-on Inc. | Reduce -2.1% | 0.33% | +0.01 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.9% | 0.41% | +0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -0.1% | 0.41% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -3.4% | 0.78% | +0.02 |
| NVDA Nvidia Corp. | Reduce -2.1% | 0.69% | +0.02 |
| XLE SS Energy Select Sector | Reduce -1.3% | 0.42% | +0.02 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -0.8% | 0.61% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -22.3% | 0.53% | +0.03 |
| TFLO iShares Treasury Floating Ra | Reduce -0.9% | 1.22% | +0.05 |
| GLD SPDR Gold Shares | Reduce -4.4% | 0.48% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.1% | 1.59% | +0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| DIA SS SPDR Dow Jones Indus Avg | New | 1.52% | +1.52 |
| ED Consolidated Edison Inc. | New | 1.00% | +1.00 |
| SRLN SS Blackstone Sr Loan ETF | New | 0.82% | +0.82 |
| AEE Ameren Corporation | New | 0.67% | +0.67 |
| AGZ iShares Agency Bond ETF | New | 0.61% | +0.61 |
| ABT Abbott Laboratories | New | 0.43% | +0.43 |
| XLY SS Consumer Disc Select Sect | New | 0.42% | +0.42 |
| PCEF Invesco Cef Income Composite | New | 0.41% | +0.41 |
| EXC Exelon Corp. | New | 0.33% | +0.33 |
| ERIE Erie Indemnity Company Class A | New | 0.32% | +0.32 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.31% | +0.31 |
| CALM Cal-Maine Foods Inc. | Add +14.8% | 0.50% | +0.01 |
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 |