CIK: 0001541596
Total reported value
$326.5M
Reporting period: 2026-03-31 · Number of holdings: 171
Aspen Investment Management Inc disclosed 171 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $326.5M and a quarterly turnover rate of 14.0%.
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Aspen Investment Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 60 equally-sized positions, well below its 171 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 1.37), 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 47% 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 AAPL
-22.2% -$3.2M
Trim MSFT
-4.9% -$3.1M
Add GLW
+0.0% $1.6M
Add SCHD
+71.6% $1.4M
Trim HOOD
+2.9% -$961.0K
Add XLE
-4.2% $866.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 7.16% | -0.17% | +0.76% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.86% | +0.22% | +4.35% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 2.93% | — | +0.72% | |
| 4 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 2.88% | — | +1.45% | |
| 5 | AAPL | Apple INC | Stock-Tech | 2.62% | -0.93% | -22.15% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 2.58% | -0.91% | -4.86% | |
| 7 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 2.57% | +0.13% | +4.66% | |
| 8 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 2.45% | +0.15% | +5.16% | |
| 9 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.92% | — | -0.66% | |
| 10 | GS | Goldman Sachs Group INC | Stock-Financials | 1.86% | — | +0.06% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.85% | -0.16% | -0.80% | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.83% | -0.14% | -0.46% | |
| 13 | WMT | Walmart INC | Stock-Consumer Staples | 1.64% | +0.17% | -1.16% | |
| 14 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.42% | — | -0.95% | |
| 15 | GLW | Corning INC | Stock-Tech | 1.38% | +0.51% | +0.01% | |
| 16 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.36% | +0.23% | -0.08% | |
| 17 | FPE | Ft-preferred Secur & INC ETF | ETF-Other | 1.34% | — | -0.30% | |
| 18 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.22% | -0.16% | -3.35% | |
| 19 | NVDA | Nvidia CORP | Stock-Tech | 1.15% | -0.11% | -4.03% | |
| 20 | BSCR | Invesco Bulletshares 2027 Cb | ETF-Other | 1.15% | — | -0.73% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.13% | — | +2.41% | |
| 22 | XLE | Ss Energy Select Sector | ETF-Other | 1.11% | +0.28% | -4.16% | |
| 23 | BSCS | Invesco Bulletshares 2028 Cb | ETF-Other | 1.02% | — | -0.26% | |
| 24 | FTSL | First Trust Senior Loan ETF | ETF-Other | 1.00% | — | -1.54% | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.92% | -0.10% | +2.98% | |
| 26 | ABBV | Abbvie INC | Stock-Healthcare | 0.88% | — | +3.93% | |
| 27 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.87% | +0.42% | +71.62% | |
| 28 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.86% | — | +0.38% | |
| 29 | SPYI | Neos S&p 500 High Income ETF | ETF-Large Cap & Growth | 0.86% | — | +2.05% | |
| 30 | AMGN | Amgen INC | Stock-Healthcare | 0.83% | +0.09% | +3.26% | |
| 31 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.81% | — | -0.12% | |
| 32 | HYS | Pimco 0-5 Year H/y CORP Bond | ETF-Corp Bonds | 0.80% | — | +0.07% | |
| 33 | CVX | Chevron CORP | Stock-Energy | 0.79% | +0.22% | +0.36% | |
| 34 | XOM | Exxon Mobil CORP | Stock-Energy | 0.78% | +0.20% | -5.95% | |
| 35 | CAT | Caterpillar INC | Stock-Industrials | 0.77% | +0.10% | -8.35% | |
| 36 | PEP | Pepsico INC | Stock-Consumer Staples | 0.77% | — | -0.16% | |
| 37 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.73% | — | +2.25% | |
| 38 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.72% | — | +0.04% | |
| 39 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.71% | — | -0.13% | |
| 40 | SYK | Stryker CORP | Stock-Healthcare | 0.69% | — | +0.12% | |
| 41 | V | Visa Inc-class A Shares | Stock-Financials | 0.68% | -0.10% | +0.07% | |
| 42 | TT | Trane Technologies plc | Stock-Industrials | 0.68% | — | +0.80% | |
| 43 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.67% | — | +9.23% | |
| 44 | HD | Home Depot INC | Stock-Consumer Disc | 0.65% | — | +0.47% | |
| 45 | ICE | Intercontinental Exchange In | Stock-Financials | 0.64% | — | +0.23% | |
| 46 | DES | Wisdomtree US Smallcap Divid | ETF-Other | 0.64% | — | -0.26% | |
| 47 | GLD | Spdr Gold Shares | ETF-Commodities | 0.63% | -0.22% | -32.27% | |
| 48 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.63% | +0.19% | +28.59% | |
| 49 | WM | Waste Management INC | Stock-Industrials | 0.63% | — | +0.34% | |
| 50 | PWR | Quanta Services INC | Stock-Industrials | 0.62% | +0.16% | +2.67% |
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+21.4%
Based on 81% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 171 | $326.5M | 14 | |
| 2025-12-31 | 177 | $331.8M | 31 | |
| 2025-09-30 | 149 | $258.8M | 26 | |
| 2025-06-30 | 147 | $237.8M | 0 | |
| 2025-03-31 | 146 | $216.9M | 100 | |
| 2024-12-31 | 141 | $215.4M | 0 | |
| 2024-09-30 | 147 | $214.4M | 0 | |
| 2024-06-30 | 148 | $200.4M | 0 | |
| 2024-03-31 | 153 | $196.9M | 0 | |
| 2023-12-31 | 140 | $179.0M | 0 | |
| 2023-09-30 | 138 | $165.0M | 0 | |
| 2023-06-30 | 139 | $168.3M | 0 | |
| 2023-03-31 | 128 | $156.3M | 0 | |
| 2022-12-31 | 125 | $153.0M | 0 | |
| 2022-09-30 | 128 | $149.9M | 0 | |
| 2022-06-30 | 137 | $159.8M | 0 | |
| 2022-03-31 | 143 | $190.7M | 0 | |
| 2021-12-31 | 140 | $203.0M | 0 | |
| 2021-09-30 | 138 | $189.0M | 0 | |
| 2021-06-30 | 145 | $191.2M | 97 | |
| 2021-03-31 | 142 | $179.3M | 24 | |
| 2020-12-31 | 134 | $168.9M | 22 | |
| 2020-09-30 | 123 | $150.0M | 14 | |
| 2020-06-30 | 117 | $139.6M | 33 | |
| 2020-03-31 | 105 | $115.4M | 47 | |
| 2019-12-31 | 130 | $160.5M | 12 | |
| 2019-09-30 | 131 | $149.8M | 7 | |
| 2019-06-30 | 136 | $152.0M | 10 | |
| 2019-03-31 | 137 | $143.3M | 16 | |
| 2018-12-31 | 129 | $124.7M | 27 | |
| 2018-09-30 | 147 | $151.3M | 10 | |
| 2018-06-30 | 148 | $144.7M | 32 | |
| 2018-03-31 | 140 | $139.5M | 18 | |
| 2017-12-31 | 140 | $140.7M | 14 | |
| 2017-09-30 | 138 | $134.7M | 14 | |
| 2017-06-30 | 131 | $132.9M | 16 | |
| 2017-03-31 | 129 | $135.0M | 29 | |
| 2016-12-31 | 130 | $132.8M | 15 | |
| 2016-09-30 | 124 | $126.1M | 8 | |
| 2016-06-30 | 126 | $121.5M | 20 | |
| 2016-03-31 | 117 | $109.2M | 21 | |
| 2015-12-31 | 117 | $100.6M | 18 | |
| 2015-09-30 | 125 | $102.5M | 23 | |
| 2015-06-30 | 131 | $119.1M | 22 | |
| 2015-03-31 | 136 | $125.0M | 16 | |
| 2014-12-31 | 132 | $119.1M | 19 | |
| 2014-09-30 | 126 | $119.6M | 34 | |
| 2014-06-30 | 144 | $163.8M | 15 | |
| 2014-03-31 | 131 | $156.8M | 12 | |
| 2013-12-31 | 135 | $149.9M | 18 | |
| 2013-09-30 | 120 | $141.2M | 18 | |
| 2013-06-30 | 117 | $147.1M | 0 |
Aspen Investment Management Inc's most significant position changes for 2026-03-31: New buy: Ishares 0-3 Month Treasury B (SGOV); Sold out: Oracle CORP (ORCL); Sold out: Advanced Micro Devices (AMD); New buy: Moderna INC (MRNA); Sold out: Crowdstrike Holdings INC - A (CRWD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GLW | Corning INC | +0.5% | +0.01% | Add |
| 2 | SCHD | Schwab US Dvd Equity ETF | +0.4% | +71.62% | Add |
| 3 | XLE | Ss Energy Select Sector | +0.3% | -4.16% | Trim |
| 4 | BMY | Bristol-myers Squibb Co | +0.3% | +123.08% | Add |
| 5 | JNJ | Johnson & Johnson | +0.2% | -0.08% | Trim |
| 6 | CVX | Chevron CORP | +0.2% | +0.36% | Add |
| 7 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +4.35% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.2% | -5.95% | Trim |
| 9 | KO | Coca-cola Co/the | +0.2% | +28.59% | Add |
| 10 | WMT | Walmart INC | +0.2% | -1.16% | Trim |
| 11 | PWR | Quanta Services INC | +0.2% | +2.67% | Add |
| 12 | IGSB | Ishares 1-5y Inv Grade CORP | +0.2% | +5.16% | Add |
| 13 | TLTW | Ishares 20+ Bond Buywrite | +0.1% | +28.56% | Add |
| 14 | IGIB | Ishares 5-10y Inv Grade CORP | +0.1% | +4.66% | Add |
| 15 | WMB | Williams Cos INC | +0.1% | +2.53% | Add |
| 16 | XLV | Ss Health Care Select Sector | +0.1% | +79.89% | Add |
| 17 | CAT | Caterpillar INC | +0.1% | -8.35% | Trim |
| 18 | AMGN | Amgen INC | +0.1% | +3.26% | Add |
| 19 | ADP | Automatic Data Processing | -0.1% | -2.31% | Trim |
| 20 | IBM | Intl Business Machines CORP | -0.1% | +3.15% | Add |
| 21 | LLY | Eli Lilly & Co | -0.1% | +2.98% | Add |
| 22 | V | Visa Inc-class A Shares | -0.1% | +0.07% | Add |
| 23 | NVDA | Nvidia CORP | -0.1% | -4.03% | Trim |
| 24 | ABT | Abbott Laboratories | -0.1% | -9.05% | Trim |
| 25 | SLV | Ishares Silver Trust | -0.1% | -50.48% | Trim |
| 26 | PLTR | Palantir Technologies Inc-a | -0.1% | -2.45% | Trim |
| 27 | BSX | Boston Scientific CORP | -0.1% | -4.83% | Trim |
| 28 | GOOGL | Alphabet Inc-cl A | -0.1% | -0.46% | Trim |
| 29 | JPM | Jpmorgan Chase & Co | -0.2% | -0.80% | Trim |
| 30 | AMZN | Amazon.com INC | -0.2% | -3.35% | Trim |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | +0.76% | Add |
| 32 | FICO | Fair Isaac CORP | -0.2% | -2.33% | Trim |
| 33 | QQQ | Invesco Qqq Trust Series 1 | -0.2% | -20.15% | Trim |
| 34 | GLD | Spdr Gold Shares | -0.2% | -32.27% | Trim |
| 35 | BSCQ | Invesco Bulletshares 2026 Cb | -0.2% | -30.50% | Trim |
| 36 | HOOD | Robinhood Markets INC - A | -0.3% | +2.93% | Add |
| 37 | MSFT | Microsoft CORP | -0.9% | -4.86% | Trim |
| 38 | AAPL | Apple INC | -0.9% | -22.15% | Trim |
| 39 | SGOV | Ishares 0-3 Month Treasury B | — | NEW | New buy |
| 40 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 41 | AMD | Advanced Micro Devices | — | EXIT | Sold out |
| 42 | MRNA | Moderna INC | — | NEW | New buy |
| 43 | CRWD | Crowdstrike Holdings INC - A | — | EXIT | Sold out |
| 44 | MTZ | Mastec INC | — | EXIT | Sold out |
| 45 | XBI | Ss Spdr S&p Biotech ETF | — | NEW | New buy |
| 46 | JEPQ | JPM Nasdaq Equity Premium | — | NEW | New buy |
| 47 | ONTO | Onto Innovation INC | — | EXIT | Sold out |
| 48 | DOCU | Docusign INC | — | EXIT | Sold out |
| 49 | SNOW | Snowflake INC | — | EXIT | Sold out |
| 50 | SHOP | Shopify INC - Class A | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-06 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-20 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-03 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-08 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-09 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-01 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-28 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-16 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-06 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-09 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-11 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-26 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-12-06 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-04 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-06-10 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-30 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-06 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-15 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-16 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-15 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-15 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-03 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-27 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-08 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-09 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-29 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-23 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-30 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-20 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-11 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-01 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-27 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-30 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-24 | 13F-HR | View on EDGAR |
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