BTS Asset Management, Inc.
•CIK: 1532842•Filing: Q4 2025
**BTS Asset Management, Inc.** is a focused investment manager overseeing $74M in assets. The fund maintains a concentrated portfolio of 32 positions, with significant exposure to high-yield credit, notably holding HYLB and USHY each at $25.9M. Further allocations include substantial positions in SPHD ($8.7M) and JEPI ($1.2M). This structure suggests a tactical, credit-oriented approach targeting income generation within fixed income markets.
Total AUM
$73.9M
QoQ Performance
-5.2%
Positions
32
Top 10 Concentration
89.6%
Latest Filing
Q4 2025
Top Holdings Allocation
HYLB
USHY
SPHD
HYLB35.1%
USHY35.0%
SPHD11.8%
JEPI1.6%
DON1.5%
TFLO1.2%
ED1.0%
KR0.9%
📈 Biggest Buys
📉 Biggest Sells
HYLB
XTRACKERS USD HIGH YIELD CORPORATE BOND ETF
-6.7%
35.1% of portfolio
USHY
ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF
-6.7%
35.0% of portfolio
SPHD
INVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETF
-6.5%
11.8% of portfolio
JBBB
JANUS HENDERSON BBBB CLO ETF
-50.2%
0.4% of portfolio
KR
KROGER CO
-30.6%
0.9% of portfolio
Sector Breakdown
Other95.3%
Technology1.7%
Utilities1.0%
Consumer Staples0.9%
Communication0.6%
Healthcare0.4%
🚪 Exited Positionssold since Q3 2025
+4 more exited positions
Changes from Q3 2025
NEW11 new positions
↑2 increased
↓19 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023