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Aspen Capital Management, LLC 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Aspen Capital Management, LLCCIK: 0002065974
Diversified strategySector-focusedLong-term holder
Total reported value
$453.0M
Reporting period: 2026-06-30 · Number of holdings: 83
Aspen Capital Management, LLC disclosed 83 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $453.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 34.44
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 75.06
Aspen Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.086 — mathematically equivalent to about 12 equally-sized positions, well below its 83 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.49), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 10% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SGOV
-36.0% -$19.3M
Add DUSB
+640.8% $15.4M
Add DFAC
+5.6% $12.0M
Trim DFCF
+0.2% $56.1K
New buy TXN
Trim DFIC
+4.6% $7.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFIC | Dimensional International Co | ETF-Other | 19.58% | -0.44% | +4.61% | |
| 2 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 15.45% | +1.09% | +5.65% | |
| 3 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 7.68% | -0.92% | +0.19% | |
| 4 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 7.59% | -5.71% | -35.99% | |
| 5 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 5.00% | +0.43% | +4.37% | |
| 6 | DFAT | Dimensional US Target Value | ETF-Other | 4.23% | -0.06% | -1.06% | |
| 7 | DUSB | Dimension Ultrashort Fi ETF | ETF-Other | 3.94% | +3.34% | +640.78% | |
| 8 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 3.89% | +0.08% | -0.96% | |
| 9 | DFGR | Dim Global Real Estate ETF | ETF-Other | 3.54% | -0.06% | +1.34% | |
| 10 | USB | US Bancorp | Stock-Financials | 2.86% | +0.09% | -0.15% | |
| 11 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 2.53% | +0.10% | +5.50% | |
| 12 | DCOR | Dimensional US Core Eq 1 ETF | ETF-Other | 2.32% | +0.22% | +8.73% | |
| 13 | DFAX | Dimensional World Ex US Core | ETF-Other | 1.64% | -0.05% | +0.43% | |
| 14 | AAPL | Apple Inc | Stock-Tech | 1.42% | +0.04% | +0.72% | |
| 15 | IWB | Ishares Russell 1000 ETF | ETF-Other | 1.33% | +0.02% | -0.67% | |
| 16 | NVDA | Nvidia CORP | Stock-Tech | 1.22% | +0.05% | +1.89% | |
| 17 | DFSU | Dimensional US Sus Core1 ETF | ETF-Other | 1.15% | -0.01% | -2.40% | |
| 18 | DFSI | Dimensional Int Sus Cor1 ETF | ETF-Other | 0.92% | -0.04% | +1.06% | |
| 19 | DFUV | Dimensional US Marketwide Va | ETF-Other | 0.90% | +0.02% | +0.12% | |
| 20 | TXN | Texas Instruments Inc | Stock-Tech | 0.90% | +0.90% | NEW | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.89% | +0.12% | +2.12% | |
| 22 | AVDE | Avantis International Equity | ETF-Other | 0.73% | -0.05% | -0.60% | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 0.65% | -0.06% | +1.55% | |
| 24 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.58% | +0.01% | — | |
| 25 | DFAW | Dimensional World Eqty ETF | ETF-Other | 0.56% | +0.08% | +17.65% | |
| 26 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.50% | +0.03% | -2.66% | |
| 27 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 0.41% | +0.01% | — | |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.41% | +0.04% | +6.55% | |
| 29 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.35% | +0.02% | +7.02% | |
| 30 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.35% | +0.01% | +0.87% | |
| 31 | VTV | Vanguard Value ETF | ETF-Other | 0.32% | — | +1.19% | |
| 32 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.32% | -0.02% | — | |
| 33 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.31% | +0.01% | +1.70% | |
| 34 | PAYO | Payoneer Global Inc | Stock-Other | 0.31% | +0.08% | — | |
| 35 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.30% | +0.01% | +1.53% | |
| 36 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.27% | — | +0.03% | |
| 37 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.27% | — | — | |
| 38 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.25% | +0.03% | +3.20% | |
| 39 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.24% | +0.03% | — | |
| 40 | DFSE | Dimensional Em Sus Core1 ETF | ETF-Other | 0.21% | — | -3.06% | |
| 41 | MU | Micron Technology Inc | Stock-Tech | 0.18% | +0.08% | -39.65% | |
| 42 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.17% | -0.01% | — | |
| 43 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.14% | +0.07% | +107.96% | |
| 44 | CAT | Caterpillar Inc | Stock-Industrials | 0.14% | +0.04% | — | |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.13% | — | +11.13% | |
| 46 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.12% | — | — | |
| 47 | CASY | Casey's General Stores Inc | Stock-Consumer Disc | 0.12% | -0.01% | — | |
| 48 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.12% | +0.05% | -6.86% | |
| 49 | LRCX | Lam Research CORP | Stock-Tech | 0.12% | +0.06% | — | |
| 50 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 0.12% | +0.01% | +0.20% |
1–50 of 83
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+18.4%
- Stdev
- +8.2%
- Beta
- +0.58
- Alpha
- +6.8%
- Max Drawdown
- -4.7%
- Annualized Perf
- +21.8%
- Batting Avg vs S&P
- +53.3%
- Sortino
- +4.84
- Stutzer
- +0.67
- Treynor
- +0.35
- Sterling
- +1.48
- Calmar
- +4.67
- Information Ratio
- -0.42
- Tracking Error
- +6.6%
- Stdev Down
- +4.2%
- Winning Months %
- +93.3%
- Losing Months %
- +6.7%
- Best 12 Months
- +24%
- Worst 12 Months
- +18.4%
- Efficiency Ratio
- +0.81
- Sharpe
- +2.46
- Stdev Sectors
- +17.2%
- Skewness
- -0.74
- Kurtosis
- +2.28
- Upside Potential
- +5.73
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Aspen Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Texas Instruments Inc (TXN); New buy: Applied Materials Inc (AMAT); Sold out: Hp Inc (HPQ); New buy: First Trust Technology Alpha (FXL); New buy: Dimensional Calfornia Mb ETF (DFCA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DUSB | Dimension Ultrashort Fi ETF | +3.3% | +640.78% | Add |
| 2 | DFAC | Dimensional US Core Equity 2 | +1.1% | +5.65% | Add |
| 3 | TXN | Texas Instruments Inc | +0.9% | NEW | New buy |
| 4 | DFEM | Dimensional Emrg Mrkt Core | +0.4% | +4.37% | Add |
| 5 | DCOR | Dimensional US Core Eq 1 ETF | +0.2% | +8.73% | Add |
| 6 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +2.12% | Add |
| 7 | DFSV | Dimensional US Small Cap Val | +0.1% | +5.50% | Add |
| 8 | USB | US Bancorp | +0.1% | -0.15% | Trim |
| 9 | AMAT | Applied Materials Inc | +0.1% | NEW | New buy |
| 10 | DFAS | Dimensional US Small Cap ETF | +0.1% | -0.96% | Trim |
| 11 | DFAW | Dimensional World Eqty ETF | +0.1% | +17.65% | Add |
| 12 | PAYO | Payoneer Global Inc | +0.1% | — | Unchanged |
| 13 | MU | Micron Technology Inc | +0.1% | -39.65% | Trim |
| 14 | TSLA | Tesla Inc | +0.1% | +107.96% | Add |
| 15 | LRCX | Lam Research CORP | +0.1% | — | Unchanged |
| 16 | NVDA | Nvidia CORP | +0.1% | +1.89% | Add |
| 17 | FXL | First Trust Technology Alpha | +0.1% | NEW | New buy |
| 18 | HPE | Hewlett Packard Enterprise | +0.1% | -6.86% | Trim |
| 19 | DFCA | Dimensional Calfornia Mb ETF | +0.1% | NEW | New buy |
| 20 | VONG | Vanguard Russell 1000 Growth | +0.1% | NEW | New buy |
| 21 | CGGR | Cap Group Growth Equity | +0.1% | NEW | New buy |
| 22 | HD | Home Depot Inc | +0.1% | NEW | New buy |
| 23 | SBUX | Starbucks CORP | +0.1% | NEW | New buy |
| 24 | AAPL | Apple Inc | 0% | +0.72% | Add |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +6.55% | Add |
| 26 | SCHB | Schwab US Broad Market ETF | 0% | +72.98% | Add |
| 27 | CAT | Caterpillar Inc | 0% | — | Unchanged |
| 28 | AXP | American Express Co | 0% | NEW | New buy |
| 29 | IWM | Ishares Russell 2000 ETF | 0% | -2.66% | Trim |
| 30 | GOOGL | Alphabet Inc-cl A | 0% | +3.20% | Add |
| 31 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 32 | IWB | Ishares Russell 1000 ETF | 0% | -0.67% | Trim |
| 33 | DFUV | Dimensional US Marketwide Va | 0% | +0.12% | Add |
| 34 | DIA | Ss Spdr Dow Jones Indus Avg | 0% | +7.02% | Add |
| 35 | CGGO | Cap Group Global Growth | 0% | +5.33% | Add |
| 36 | LLY | Eli Lilly & Co | 0% | +0.94% | Add |
| 37 | IVV | Ishares Core S&p 500 ETF | 0% | — | Unchanged |
| 38 | AVUS | Avantis U.s. Equity ETF | 0% | — | Unchanged |
| 39 | VTI | Vanguard Total Stock Mkt ETF | 0% | +0.87% | Add |
| 40 | AMZN | Amazon.com Inc | 0% | +1.53% | Add |
| 41 | JPM | Jpmorgan Chase & Co | 0% | +1.70% | Add |
| 42 | EEM | Ishares Msci Emerging Market | 0% | — | Unchanged |
| 43 | ESGV | Vanguard Esg US Stock ETF | 0% | +0.20% | Add |
| 44 | SCHF | Schwab Intl Equity ETF | 0% | +10.08% | Add |
| 45 | FDN | First Trust Dj Internet Ind | 0% | +8.30% | Add |
| 46 | KEYS | Keysight Technologies In | 0% | — | Unchanged |
| 47 | A | Agilent Technologies Inc | 0% | — | Unchanged |
| 48 | IJH | Ishares Core S&p Midcap ETF | 0% | +0.09% | Add |
| 49 | VTV | Vanguard Value ETF | — | +1.19% | Add |
| 50 | VT | Vanguard Tot World Stk ETF | — | +0.03% | Add |
1–50 of 86
Filing History
FAQ
What is Aspen Capital Management, LLC and what type of investor is it?
Aspen Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $453.0M, spread across 83 disclosed positions.
What are Aspen Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Aspen Capital Management, LLC's top holdings by market value are:
1. Dimensional International Co (DFIC) — $88.7M (19.6%)
2. Dimensional US Core Equity 2 (DFAC) — $70.0M (15.4%)
3. Dimensional Core Fixed Inc (DFCF) — $34.8M (7.7%)
4. Ishares 0-3 Month Treasury B (SGOV) — $34.4M (7.6%)
5. Dimensional Emrg Mrkt Core (DFEM) — $22.7M (5.0%)
What changes did Aspen Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Aspen Capital Management, LLC made 63 notable position adjustments: 9 new positions were initiated, 39 existing holdings were added to, 12 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Texas Instruments Inc (TXN); New buy: Applied Materials Inc (AMAT); Sold out: Hp Inc (HPQ); New buy: First Trust Technology Alpha (FXL); New buy: Dimensional Calfornia Mb ETF (DFCA)
What sectors does Aspen Capital Management, LLC focus on?
Aspen Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 48.5%
• Financials: 32.4%
• Consumer Discretionary: 6.7%
• Communication Services: 5.6%
• Health Care: 4.0%
• Industrials: 2.0%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Aspen Capital Management, LLC returned an annualized 21.8% over the trailing 15 months — outperforming the S&P 500 by 6.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.58 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 48.5% of the portfolio concentrated in Information Technology.
It has added to its DFAC position over the past two quarters (+$15.5M, now $70.0M), while trimming SGOV over the same stretch (-$28.6M, still holding $34.4M).
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