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BTS Asset Management Portfolio holdings
AUM
$25.9M
1-Year Est. Return
2.16%
This Fund
S&P 500
This Quarter
Est. Return
-0.6%
1 Year Est. Return
+2.16%
3 Year Est. Return
+8.06%
5 Year Est. Return
+1.65%
10 Year Est. Return
–
AUM
$467M
AUM Growth
-$58.2M
(-11%)
Cap. Flow
-$53.3M
Cap. Flow
% of AUM
-11.43%
Top 10 Holdings %
Top 10 Hldgs %
98.74%
Holding
27
New
5
Increased
5
Reduced
15
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Low Volatility ETF
SPLV
|
+$45.2M |
| 2 |
State Street SPDR Bloomberg Convertible Securities ETF
CWB
|
+$22M |
| 3 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$8.06M |
| 4 |
iShares Residential and Multisector Real Estate ETF
REZ
|
+$576K |
| 5 |
Alerian MLP ETF
AMLP
|
+$398K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xtrackers USD High Yield Corporate Bond ETF
HYLB
|
+$72.4M |
| 2 |
VanEck High Yield Muni ETF
HYD
|
+$28M |
| 3 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$24.4M |
| 4 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$2.59M |
| 5 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$999K |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
VanEck High Yield Muni ETF
HYD
$4.45B
| – | – |
-441,453
| Closed | -$28M |
|
|
27
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| – | – |
-23,993
| Closed | -$999K |
|
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BTS Asset Management's Q3 2021 Portfolio in Review
As of Q3 2021, BTS Asset Management held 27 positions worth $467M, down 11% from $525M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
BTS Asset Management withdrew a net $53.3M in Q3 2021, closing 2 positions and reducing 15 holdings. Its most notable exit was VanEck High Yield Muni ETF, an estimated $28M position sold in full.
Against the trend, BTS Asset Management opened a new position in Invesco S&P 500 Low Volatility ETF worth $43.7M.
- BTS Asset Management's largest Q3 2021 buy was Invesco S&P 500 Low Volatility ETF: 717,018 shares worth $43.7M.
- BTS Asset Management added most to State Street SPDR Bloomberg Convertible Securities ETF in Q3 2021, an estimated $22M increase.
- BTS Asset Management's biggest Q3 2021 reduction was Xtrackers USD High Yield Corporate Bond ETF, cutting an estimated $72.4M.
- BTS Asset Management fully exited VanEck High Yield Muni ETF in Q3 2021, selling an estimated $28M.
- BTS Asset Management's ten largest holdings make up 99% of its $467M portfolio in Q3 2021.
- BTS Asset Management opened 5 new positions and closed 2 in Q3 2021.
- BTS Asset Management's portfolio value fell 11% quarter-over-quarter to $467M.
Based on BTS Asset Management's 13F filing for Q3 2021, filed 12 Nov 2021.