BTS Asset Management, Inc.

Registered adviser

CIK

1532842

Location

Lincoln, MA

Portfolio Value

Micro $47,439,162

Diversification

Highly concentrated

Filing Date

Global Rank

#8,611 / 8,819 ▲ 59

Top Industry

Utilities - Regulated Electric 16.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

25 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 105215

Roster of Oct 1, 2026

Regulatory AUM

$144,772,017

Main clients

Individuals and high net worth (56% of AUM)

Registered funds advised

3 series (0 index, 0 ETFs)

$66,283,991 net assets· N-CEN Dec 31, 2025

LEI

254900LQUH493JG17I50

Private funds on Schedule D 7.B.(1)

As filed Aug 29, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$144,772,017	Individuals and high net worth (56%)
Apr 2025 to Mar 2026	$188,801,492	Individuals and high net worth (63%)
Apr 2024 to Mar 2025	$208,504,026	Individuals and high net worth (55%)
May 2023 to Mar 2024	$377,395,288	Individuals and high net worth (59%)
Apr 2023	$377,395,288	Individuals and high net worth (59%)
Apr 2022 to Mar 2023	$613,272,735	Individuals and high net worth (53%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 88.2% of the book (60%+)

Turnover

Medium turnover

71.7% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.4 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 90.2%; sector active share 73.9% against the combined 13F book's sector weights.

Over time 25 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

31 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

51.5%

+0.4 pts

Top 5

81.5%

+9.5 pts

Top 10

88.2%

+5.7 pts

HHI

3,053

Highly concentrated+268

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	86.6%	$41,086,125	15
Technology	3.9%	$1,858,803	4
Communication Services	2.5%	$1,196,183	3
Utilities	2.1%	$1,016,395	2
Consumer Defensive	1.4%	$677,683	2
Industrials	1.0%	$474,393	2
Healthcare	0.9%	$448,808	1
Financial Services	0.9%	$439,894	1
Basic Materials	0.5%	$240,878	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
TFLO	iShares Treasury Floating Rate Bond ETF	+8,291	26,049	$1,318,860
PCEF	Invesco Ltd.	+5,692	21,659	$439,894
—		+5,539	17,546	$439,176
EIX	Edison International	+5,370	10,074	$750,009
—		+4,966	7,807	$438,441
JEPI	JPMorgan Equity Premium Income ETF	+4,903	25,958	$1,466,107
JAAA	Janus Henderson AAA CLO ETF	+4,129	13,059	$659,348
JBBB	Janus Henderson B-BBB CLO ETF	+2,849	9,284	$439,597
AGZ	iShares Agency Bond ETF	+1,938	6,028	$658,739
SRLN	State Street(R) Blackstone Senior Loan ETF	+1,436	16,379	$659,909
RMD	Resmed Inc	+1,002	2,303	$448,808
IYM	iShares U.S. Basic Materials ETF	+734	2,442	$438,412
KR	Kroger Co	+720	7,509	$416,974
EXC	Exelon Corp	+481	5,714	$266,386
CF	CF Industries Holdings, Inc.	+307	2,225	$240,878
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
—		−50,438	89,960	$8,243,934
CMCSA	Comcast Corp	−3,048	13,913	$341,564
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	−1,111	9,566	$587,926
NVDA	Nvidia Corp	−538	2,415	$483,217
HRL	Hormel Foods Corp	−426	10,504	$260,709
GOOGL	Alphabet Inc.	−131	1,248	$445,997
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
HYLB	Xtrackers USD High Yield Corporate Bond ETF	668,625	$24,418,185
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	7,965	$658,307
MSFT	Microsoft Corp	1,512	$564,006
MSI	Motorola Solutions, Inc.	1,319	$547,767
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	4,101	$439,340
NFLX	Netflix Inc	5,723	$408,622
SNA	Snap-on Inc	658	$264,779
ADP	Automatic Data Processing Inc	1,178	$263,813
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	2,039	$219,844
BAH	Booz Allen Hamilton Holding Corp	3,455	$209,614
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
DIA	Spdr Dow Jones Industrial Average ETF Trust	1,465	$678,573
PAYX	Paychex Inc	6,365	$586,343
IEF	iShares 7-10 Year Treasury Bond ETF	5,756	$549,352
ALLE	Allegion plc	3,520	$511,420
META	Meta Platforms, Inc.	677	$387,332
ALL	Allstate Corp	1,541	$319,510
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	456	$318,160
ATO	Atmos Energy Corp	1,581	$292,042
VNOM	Viper Energy, Inc.	5,227	$245,616
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	1,041	$226,157
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 tracked positions · $47,439,162 total · filing declares 31 positions · $47,439,123 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HYLB	Xtrackers USD High Yield Corporate Bond ETF	NEW	668,625	NEW	$24,418,185	NEW	1	$36.52	51.47%
		Reduced	89,960	-50,438	$8,243,934	−35.9%	2	$91.51	17.38%
JEPI	JPMorgan Equity Premium Income ETF	Added	25,958	+4,903	$1,466,107	+22.9%	8	$57.00	3.09%
TFLO	iShares Treasury Floating Rate Bond ETF	Added	26,049	+8,291	$1,318,860	+46.7%	17	unpriced	2.78%
EIX	Edison International Utilities	Added	10,074	+5,370	$750,009	+117.9%	2	$69.50	1.58%
SRLN	State Street(R) Blackstone Senior Loan ETF	Added	16,379	+1,436	$659,909	+10.0%	3	$41.19	1.39%
JAAA	Janus Henderson AAA CLO ETF	Added	13,059	+4,129	$659,348	+46.6%	6	$50.72	1.39%
AGZ	iShares Agency Bond ETF	Added	6,028	+1,938	$658,739	+46.8%	3	unpriced	1.39%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	NEW	7,965	NEW	$658,307	NEW	1	$82.64	1.39%
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Reduced	9,566	-1,111	$587,926	−0.8%	8	$55.14	1.24%
MSFT	Microsoft Corp Technology	NEW	1,512	NEW	$564,006	NEW	1	$404.60	1.19%
MSI	Motorola Solutions, Inc. Technology	NEW	1,319	NEW	$547,767	NEW	1	$418.57	1.15%
NVDA	Nvidia Corp Technology	Reduced	2,415	-538	$483,217	−6.2%	7	$155.65	1.02%
RMD	Resmed Inc Healthcare	Added	2,303	+1,002	$448,808	+53.7%	2	$230.96	0.95%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,248	-131	$445,997	+12.5%	5	$177.23	0.94%
PCEF	Invesco Ltd. Financial Services	Added	21,659	+5,692	$439,894	+46.4%	3	$19.87	0.93%
JBBB	Janus Henderson B-BBB CLO ETF	Added	9,284	+2,849	$439,597	+46.6%	5	$47.87	0.93%
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	NEW	4,101	NEW	$439,340	NEW	1	$113.96	0.93%
		Added	17,546	+5,539	$439,176	+46.4%	5	$25.02	0.93%
		Added	7,807	+4,966	$438,441	+191.2%	4	unpriced	0.92%
IYM	iShares U.S. Basic Materials ETF	Added	2,442	+734	$438,412	+45.9%	2	unpriced	0.92%
KR	Kroger Co Consumer Defensive	Added	7,509	+720	$416,974	−15.1%	4	$69.20	0.88%
NFLX	Netflix Inc Communication Services	NEW	5,723	NEW	$408,622	NEW	1	$88.07	0.86%
CMCSA	Comcast Corp Communication Services	Reduced	13,913	-3,048	$341,564	−29.9%	7	unpriced	0.72%
EXC	Exelon Corp Utilities	Added	5,714	+481	$266,386	+3.8%	3	$45.69	0.56%
SNA	Snap-on Inc Industrials	NEW	658	NEW	$264,779	NEW	1	$378.00	0.56%
ADP	Automatic Data Processing Inc Technology	NEW	1,178	NEW	$263,813	NEW	1	$213.75	0.56%
HRL	Hormel Foods Corp Consumer Defensive	Reduced	10,504	-426	$260,709	+5.3%	2	$23.90	0.55%
CF	CF Industries Holdings, Inc. Basic Materials	Added	2,225	+307	$240,878	−3.3%	2	$104.17	0.51%
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	NEW	2,039	NEW	$219,844	NEW	1	$103.65	0.46%
BAH	Booz Allen Hamilton Holding Corp Industrials	NEW	3,455	NEW	$209,614	NEW	1	$76.34	0.44%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.