CIK: 0002065974
Total reported value
$404.0M
Reporting period: 2026-03-31 · Number of holdings: 77
Aspen Capital Management, LLC disclosed 77 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $404.0M and a quarterly turnover rate of 8.1%.
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Aspen Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.096 — mathematically equivalent to about 10 equally-sized positions, well below its 77 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 2.54), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 5% 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.
Trim SGOV
-15.0% -$9.3M
Add DFAC
+8.6% $3.6M
Add DFCF
+9.9% $2.9M
Add DFIC
+0.3% $2.7M
Add DFEM
+1.8% $1.1M
Trim MSFT
-4.9% -$1.1M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFIC | Dimensional International Co | ETF-Other | 20.02% | +0.66% | +0.32% | |
| 2 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 14.36% | +0.88% | +8.55% | |
| 3 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 13.29% | -2.30% | -14.98% | |
| 4 | DFCF | Dimensional Core Fixed INC | ETF-Other | 8.60% | +0.71% | +9.90% | |
| 5 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 4.57% | +0.27% | +1.81% | |
| 6 | DFAT | Dimensional US Target Value | ETF-Other | 4.29% | -0.03% | -5.31% | |
| 7 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 3.81% | — | -2.04% | |
| 8 | DFGR | Dim Global Real Estate ETF | ETF-Other | 3.60% | +0.06% | +1.04% | |
| 9 | USB | US Bancorp | Stock-Financials | 2.77% | -0.07% | +0.00% | |
| 10 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 2.43% | +0.18% | +1.38% | |
| 11 | DCOR | Dimensional US Core Eq 1 ETF | ETF-Other | 2.10% | +0.18% | +12.02% | |
| 12 | DFAX | Dimensional World Ex US Core | ETF-Other | 1.69% | +0.09% | +1.77% | |
| 13 | AAPL | Apple INC | Stock-Tech | 1.38% | -0.14% | -2.58% | |
| 14 | IWB | Ishares Russell 1000 ETF | ETF-Other | 1.31% | -0.07% | -1.14% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.17% | -0.11% | -2.26% | |
| 16 | DFSU | Dimensional US Sus Core1 ETF | ETF-Other | 1.16% | -0.12% | -3.87% | |
| 17 | DFSI | Dimensional Int Sus Cor1 ETF | ETF-Other | 0.96% | — | -0.07% | |
| 18 | DFUV | Dimensional US Marketwide Va | ETF-Other | 0.88% | +0.03% | +0.12% | |
| 19 | AVDE | Avantis International Equity | ETF-Other | 0.78% | +0.02% | +0.00% | |
| 20 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.77% | -0.04% | +0.94% | |
| 21 | MSFT | Microsoft CORP | Stock-Tech | 0.71% | -0.26% | -4.95% | |
| 22 | DUSB | Dimension Ultrashort Fi ETF | ETF-Other | 0.60% | +0.60% | NEW | |
| 23 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.57% | -0.04% | -3.06% | |
| 24 | DFAW | Dimensional World Eqty ETF | ETF-Other | 0.48% | +0.05% | +11.91% | |
| 25 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.47% | — | -0.29% | |
| 26 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 0.40% | — | — | |
| 27 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.37% | -0.03% | -2.32% | |
| 28 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.34% | — | — | |
| 29 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.34% | -0.01% | +0.02% | |
| 30 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.33% | — | — | |
| 31 | VTV | Vanguard Value ETF | ETF-Other | 0.32% | — | +0.20% | |
| 32 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.30% | -0.08% | -12.76% | |
| 33 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.29% | -0.03% | +2.16% | |
| 34 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.27% | — | -0.68% | |
| 35 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.27% | +0.02% | — | |
| 36 | PAYO | Payoneer Global INC | Stock-Other | 0.23% | -0.04% | — | |
| 37 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.22% | -0.02% | — | |
| 38 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.21% | -0.02% | — | |
| 39 | DFSE | Dimensional Em Sus Core1 ETF | ETF-Other | 0.21% | +0.02% | +6.27% | |
| 40 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.18% | — | — | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.13% | — | — | |
| 42 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.13% | -0.03% | — | |
| 43 | CASY | Casey's General Stores INC | Stock-Consumer Disc | 0.13% | +0.03% | — | |
| 44 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.12% | — | — | |
| 45 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 0.11% | — | +0.25% | |
| 46 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.10% | — | — | |
| 47 | CAT | Caterpillar INC | Stock-Industrials | 0.10% | +0.02% | — | |
| 48 | DFSB | Dim Glb Sustain Fix INC ETF | ETF-Other | 0.10% | — | — | |
| 49 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.10% | — | -21.00% | |
| 50 | MU | Micron Technology INC | Stock-Tech | 0.10% | +0.02% | — |
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 0 months of available history
Based on 26% of reported portfolio value with available pricing
Aspen Capital Management, LLC's most significant position changes for 2026-03-31: New buy: Dimension Ultrashort Fi ETF (DUSB); Sold out: American Express Co (AXP); New buy: Keysight Technologies In (KEYS); Sold out: Meta Platforms Inc-class A (META); Sold out: Blackrock INC (BLK).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | +0.9% | +8.55% | Add |
| 2 | DFCF | Dimensional Core Fixed INC | +0.7% | +9.90% | Add |
| 3 | DFIC | Dimensional International Co | +0.7% | +0.32% | Add |
| 4 | DFEM | Dimensional Emrg Mrkt Core | +0.3% | +1.81% | Add |
| 5 | DCOR | Dimensional US Core Eq 1 ETF | +0.2% | +12.02% | Add |
| 6 | DFSV | Dimensional US Small Cap Val | +0.2% | +1.38% | Add |
| 7 | DFAX | Dimensional World Ex US Core | +0.1% | +1.77% | Add |
| 8 | DFGR | Dim Global Real Estate ETF | +0.1% | +1.04% | Add |
| 9 | DFAW | Dimensional World Eqty ETF | +0.1% | +11.91% | Add |
| 10 | DFUV | Dimensional US Marketwide Va | 0% | +0.12% | Add |
| 11 | CASY | Casey's General Stores INC | 0% | — | Unchanged |
| 12 | AVDE | Avantis International Equity | 0% | +0.00% | Add |
| 13 | AVUV | Avantis US Small Cap Value | 0% | — | Unchanged |
| 14 | CAT | Caterpillar INC | 0% | — | Unchanged |
| 15 | DFSE | Dimensional Em Sus Core1 ETF | 0% | +6.27% | Add |
| 16 | MU | Micron Technology INC | 0% | — | Unchanged |
| 17 | VTI | Vanguard Total Stock Mkt ETF | 0% | +0.02% | Add |
| 18 | TSLA | Tesla INC | 0% | — | Unchanged |
| 19 | SHOP | Shopify INC - Class A | 0% | — | Unchanged |
| 20 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 21 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 22 | HPQ | Hp INC | 0% | -4.84% | Trim |
| 23 | A | Agilent Technologies INC | 0% | — | Unchanged |
| 24 | DFAT | Dimensional US Target Value | 0% | -5.31% | Trim |
| 25 | ISRG | Intuitive Surgical INC | 0% | — | Unchanged |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -2.32% | Trim |
| 27 | AMZN | Amazon.com INC | 0% | +2.16% | Add |
| 28 | IVV | Ishares Core S&p 500 ETF | 0% | -3.06% | Trim |
| 29 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.94% | Add |
| 30 | PAYO | Payoneer Global INC | 0% | — | Unchanged |
| 31 | RBLX | Roblox CORP -class A | 0% | — | Unchanged |
| 32 | IWB | Ishares Russell 1000 ETF | -0.1% | -1.14% | Trim |
| 33 | USB | US Bancorp | -0.1% | +0.00% | Add |
| 34 | JPM | Jpmorgan Chase & Co | -0.1% | -12.76% | Trim |
| 35 | NVDA | Nvidia CORP | -0.1% | -2.26% | Trim |
| 36 | DFSU | Dimensional US Sus Core1 ETF | -0.1% | -3.87% | Trim |
| 37 | AAPL | Apple INC | -0.1% | -2.58% | Trim |
| 38 | MSFT | Microsoft CORP | -0.3% | -4.95% | Trim |
| 39 | SGOV | Ishares 0-3 Month Treasury B | -2.3% | -14.98% | Trim |
| 40 | DUSB | Dimension Ultrashort Fi ETF | — | NEW | New buy |
| 41 | AXP | American Express Co | — | EXIT | Sold out |
| 42 | KEYS | Keysight Technologies In | — | NEW | New buy |
| 43 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
| 44 | BLK | Blackrock INC | — | EXIT | Sold out |
| 45 | LRN | Stride INC | — | NEW | New buy |
| 46 | CMG | Chipotle Mexican Grill INC | — | EXIT | Sold out |
| 47 | HD | Home Depot INC | — | EXIT | Sold out |
| 48 | VONG | Vanguard Russell 1000 Growth | — | EXIT | Sold out |
| 49 | AVGE | Avantis All Eqty Mrkts ETF | — | NEW | New buy |
| 50 | CGGR | Cap Group Growth Equity | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-20 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-29 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-04 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-31 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-05 | 13F-HR | View on EDGAR |
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