A Deep Dive into BTS Asset Management's Q4 2022 vs. Q1 2023 13F Holdings Changes

BTS Asset Management, Inc. recently released its 13F report detailing the fund's holdings in the fourth quarter of 2022 and the first quarter of 2023. The report shows the changes in the number of shares and value of BTS Asset Management's portfolio. These changes reflect the fund's strategy and market trends. In this blog post, we will take a closer look at the changes in BTS Asset Management's holdings and what they could mean for the fund.

First, let's review the top holdings of BTS Asset Management in Q4 2022. The fund's largest holdings were iShares 1-3 Year Treasury Bond ETF (SHY), iShares 3-7 Year Treasury Bond ETF (IEI), and Vanguard Dividend Appreciation Index Fund ETF (VIG). These holdings accounted for about 35% of the portfolio's value.

In Q1 2023, BTS Asset Management's top holdings changed slightly. The largest holdings were still SHY and IEI, but Vanguard Total Bond Market ETF (BND) moved up to the third position, accounting for about 18% of the portfolio's value.

One of the most significant changes in holdings was in BND. BTS Asset Management increased its number of shares by 206.4%, from 43,042 in Q4 2022 to 135,850 in Q1 2023. This change reflects the fund's bullishness on the bond market and the long-term stability of this type of investment.

On the other hand, Vanguard Intermediate-Term Corporate Bond ETF (VCIT) experienced a decrease in the number of shares owned by BTS Asset Management. The fund reduced its holdings by 14%, from 10,318 in Q4 2022 to 10,317 in Q1 2023. This change could reflect a bearish outlook on the corporate bond market due to rising interest rates.

Another notable change was in iShares MBS ETF (MBB), which experienced a decrease in the number of shares owned by BTS Asset Management. The fund reduced its holdings by 11.3%, from 5,772 in Q4 2022 to 5,771 in Q1 2023. This change could reflect a bearish outlook on the mortgage-backed securities market.

In the ETF space, Vanguard Information Technology Index Fund ETF (VGT) experienced a notable increase in the number of shares owned by BTS Asset Management, from 707 in Q4 2022 to 727 in Q1 2023, accounting for a 23.9% increase. This change reflects the fund's bullishness on the technology sector.

Lastly, two holdings, SPDR Bloomberg High Yield Bond ETF (JNK) and Xtrackers USD High Yield Corporate Bond ETF, experienced a 100% decrease in the number of shares owned, indicating that BTS Asset Management may have liquidated its position in these assets.

In conclusion, BTS Asset Management's Q4 2022 vs. Q1 2023 13F holdings comparison reveals interesting changes in the fund's portfolio. BTS Asset Management increased its holdings in the bond market, while decreasing its holdings in corporate bonds and mortgage-backed securities. The fund also showed bullishness on the technology sector with an increase in its position in VGT. These changes reflect the fund's investment strategy and market trends. It will be interesting to see how BTS Asset Management's portfolio evolves in the future.