BTS Asset Management, Inc.
- SEC CIK
- 0001532842
- Latest filing
- Aug 14, 2026
The latest 13F from BTS Asset Management, Inc. covers Q2 2026 (filed Aug 14, 2026): 31 long positions worth $47.4M. The top 10 holdings make up 83.1% of the portfolio, and the largest is DBX ETF Tr at 51.5%. Livermore has 21 filings on Form 13F from this institution, going back to Q2 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 10
- Est. +$28.0M
- Added
- 15
- Est. +$2.51M
- Reduced
- 6
- Est. −$4.93M
- Sold out
- 10
- Est. −$4.11M
Top 5 holdings
Share of this quarter's portfolio value
- DBX ETF Tr23305143251.5%$24.4M
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R66317.4%$8.24M
- J P Morgan Exchange Traded F46641Q3323.1%$1.47M
- iShares Tr46434V8602.8%$1.32M
- EIXEdison International
Share of portfolio
Top 5 holdings and the other 26 positions, by share of portfolio value
- DBX ETF Tr51.5%
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF17.4%
- J P Morgan Exchange Traded F3.1%
- iShares Tr2.8%
- EIX1.6%
- Other 26 positions23.7%
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $47.4M
- +$21.5M (+82.8%) vs. prior quarter
- Positions
- 31
- 0 vs. prior quarter
- Top 10 concentration
- 83.1%
- Top 10 as share of value
- Turnover
- 24.6%
- Q2 2026, one quarter
- Average holding period
- 2.4 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2021), so positions held before then are understated.
13F filings by quarter
21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $524.9M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 31 | $47.4M | DBX ETF TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFJ P Morgan Exchange Traded F | vs. Q1 2026 | SEC |
| Q1 2026 | May 13, 2026 | 31 | $25.9M | State Street SPDR Bloomberg 1-3 Month T-Bill ETFJ P Morgan Exchange Traded FiShares Tr | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 26, 2026 | 32 | $73.9M | DBX ETF TriShares TrInvesco Exch Traded FD Tr II | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 12, 2025 | 30 | $78.0M | DBX ETF TriShares TrInvesco Exch Traded FD Tr II | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 30, 2025 | 34 | $83.0M | DBX ETF TriShares TrInvesco Exch Traded FD Tr II | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 16, 2025 | 35 | $88.6M | DBX ETF TrSPDR Series TrustiShares Tr | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 15, 2025 | 37 | $100.1M | DBX ETF TrSPDR Series TrustiShares Tr | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 22, 2024 | 30 | $104.9M | DBX ETF TrSPDR Series TrustiShares Tr | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 5, 2024 | 22 | $107.3M | DBX ETF TrSPDR Series TrustVanEck ETF Trust | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 22, 2024 | 36 | $120.9M | DBX ETF TrSPDR Series TrustVanEck ETF Trust | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 18, 2024 | 25 | $132.5M | DBX ETF TrSPDR Series TrustiShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 10, 2023 | 36 | $154.5M | DBX ETF TrSPDR Series TrustSPDR Series Trust | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 10, 2023 | 41 | $197.9M | DBX ETF TrSPDR Series TrustVanguard Total Bond Market ETF | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 5, 2023 | 42 | $174.8M | iShares TriShares TrVanguard Total Bond Market ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 2, 2023 | 41 | $228.1M | SPDR Series TrustDBX ETF TriShares Tr | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 8, 2022 | 33 | $31.8M | State Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrGoldman Sachs ETF Tr | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 4, 2022 | 38 | $44.5M | Vanguard Total Bond Market ETFVanguard Dividend Appreciation ETFiShares Tr | vs. Q1 2022 | SEC |
| Q1 2022 | May 13, 2022 | 32 | $326.1M | iShares TrDBX ETF TrSPDR Series Trust | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 15, 2022 | 27 | $279.0M | iShares TrDBX ETF TrInvesco Exch Traded FD Tr II | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 12, 2021 | 25 | $466.7M | iShares TrSPDR Series TrustDBX ETF Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 16, 2021 | 22 | $524.9M | iShares TrSPDR Series TrustDBX ETF Tr | – | SEC |