Investments: BTS Asset Management, Inc.

Aktie	Ticker	2025/Q4		2025/Q3		2025/Q2		2025/Q1
		Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)
		47.189.946 $	-2.126.456 $	50.018.399 $	-930.514 $	52.343.344 $	+3.980.460 $	49.110.841 $	+49.110.841 $
BANK OF AMERICA CORP /DE/	BAC	42.710.043 $	-3.165.590 $	45.875.633 $	-2.691.675 $	48.567.308 $	+1.390.695 $	47.176.613 $	+47.176.613 $
KROGER CO	KR	648.557 $	-357.874 $	1.006.431 $	+1.006.431 $
CONSOLIDATED EDISON INC	ED	742.311 $	+742.311 $
COMCAST CORP	CMCSA	474.082 $	-100.240 $	574.322 $	+192.620 $	381.702 $	+9.565 $	372.137 $	+372.137 $
NVIDIA CORP	NVDA	508.470 $	-9.795 $	518.265 $	+271.482 $	246.783 $	+22.674 $	224.109 $	+224.109 $
HERSHEY CO	HSY			504.078 $	+85.637 $	418.441 $	+418.441 $
AMEREN CORP	AEE	495.714 $	+495.714 $
Aon plc	AON					473.064 $	+473.064 $
BlackRock, Inc.	BLK	452.521 $	-284 $			452.805 $	+452.805 $
BRADY CORP	BRC					450.241 $	+450.241 $
EXXON MOBIL CORP	XOM			404.558 $	+104.664 $	299.894 $	+8.469 $	291.425 $	+291.425 $
ALPHA PRO TECH LTD	APT	395.346 $	+2.465 $	392.881 $	+24.966 $	367.915 $	+367.915 $
SPS COMMERCE INC	SPSC	356.806 $	+22.345 $	334.461 $	+36.388 $	298.073 $	-527 $	298.600 $	+298.600 $
MORGAN STANLEY	MS							310.228 $	+310.228 $
EXELON CORP	EXC	247.051 $	+247.051 $
CHEVRON CORP	CVX			246.166 $	+28.187 $			217.979 $	+217.979 $
Hewlett Packard Enterprise Co	HPE					236.300 $	+236.300 $
LOCKHEED MARTIN CORP	LMT							219.750 $	+219.750 $
FORD MOTOR CO	F	159.045 $	-2.559 $	161.604 $	+10.786 $	150.818 $	+150.818 $
		47.189.946 $	-2.126.456 $	50.018.399 $	-930.514 $	52.343.344 $	+3.980.460 $	49.110.841 $	+49.110.841 $