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Aspen Investment Management Inc 13F Filing (Q2 2026) — Top Positions & Stock Picks
Aspen Investment Management IncCIK: 0001541596
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$372.0M
Reporting period: 2026-06-30 · Number of holdings: 187
Aspen Investment Management Inc disclosed 187 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $372.0M and a quarterly turnover rate of 18.1%.
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Personality snowflake
- Concentration
- 6.47
- Portfolio Stability
- 18.06
- Momentum
- 100
- Sector conviction
- 52.3
- Diversification
- 100
- Sizing Uniformity
- 85.74
Aspen Investment Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 62 equally-sized positions, well below its 187 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 1.43), 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 48% 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.govAdd MU
-14.0% $3.1M
Add GLW
-9.2% $3.2M
Add MRVL
+14.7% $2.1M
Trim SPY
-7.3% $1.5M
Add IWM
+6.8% $2.8M
Trim BSCQ
-58.4% -$1.1M
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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.69% | -0.47% | -7.31% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.82% | -0.04% | +1.63% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 3.33% | +0.40% | +6.77% | |
| 4 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 2.79% | -0.09% | +3.21% | |
| 5 | AAPL | Apple Inc | Stock-Tech | 2.67% | +0.05% | +1.58% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 2.33% | -0.25% | +1.82% | |
| 7 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 2.32% | -0.25% | +2.90% | |
| 8 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 2.24% | -0.21% | +4.53% | |
| 9 | GLW | Corning Inc | Stock-Tech | 2.06% | +0.68% | -9.24% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.00% | +0.17% | +0.27% | |
| 11 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.94% | +0.08% | -0.46% | |
| 12 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.86% | -0.06% | +0.14% | |
| 13 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.81% | -0.04% | +0.18% | |
| 14 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.53% | +0.11% | +6.41% | |
| 15 | WMT | Walmart Inc | Stock-Consumer Staples | 1.31% | -0.33% | -0.71% | |
| 16 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.29% | +0.16% | +13.13% | |
| 17 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.29% | +0.07% | +4.70% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.26% | -0.10% | +1.66% | |
| 19 | MU | Micron Technology Inc | Stock-Tech | 1.26% | +0.77% | -13.96% | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 1.20% | +0.05% | +3.16% | |
| 21 | FPE | Ft-preferred Secur & Inc ETF | ETF-Other | 1.19% | -0.15% | -0.10% | |
| 22 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 1.18% | +0.31% | +49.15% | |
| 23 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.08% | +0.16% | +3.08% | |
| 24 | BSCR | Invesco Bulletshares 2027 Cb | ETF-Other | 1.01% | -0.14% | +0.53% | |
| 25 | CAT | Caterpillar Inc | Stock-Industrials | 1.01% | +0.24% | -0.82% | |
| 26 | ABBV | Abbvie Inc | Stock-Healthcare | 0.93% | +0.05% | +3.79% | |
| 27 | BSCS | Invesco Bulletshares 2028 Cb | ETF-Other | 0.90% | -0.12% | +0.84% | |
| 28 | FTSL | First Trust Senior Loan ETF | ETF-Other | 0.87% | -0.13% | -1.19% | |
| 29 | XLE | Ss Energy Select Sector | ETF-Other | 0.85% | -0.26% | +0.20% | |
| 30 | SPYI | Neos S&p 500 High Income ETF | ETF-Large Cap & Growth | 0.83% | -0.03% | +2.56% | |
| 31 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.82% | +0.24% | +48.19% | |
| 32 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.78% | +0.06% | -0.24% | |
| 33 | MRVL | Marvell Technology Inc | Stock-Tech | 0.78% | +0.52% | +14.73% | |
| 34 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.76% | -0.10% | +1.00% | |
| 35 | CSCO | Cisco Systems Inc | Stock-Tech | 0.75% | +0.19% | +0.33% | |
| 36 | AMGN | Amgen Inc | Stock-Healthcare | 0.74% | -0.09% | -0.64% | |
| 37 | PWR | Quanta Services Inc | Stock-Industrials | 0.74% | +0.12% | +3.52% | |
| 38 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.71% | +0.04% | +5.22% | |
| 39 | TT | Trane Technologies plc | Stock-Industrials | 0.71% | +0.03% | +1.30% | |
| 40 | HYS | Pimco 0-5 Year H/y CORP Bond | ETF-Corp Bonds | 0.71% | -0.09% | +0.13% | |
| 41 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.71% | -0.10% | +1.03% | |
| 42 | V | Visa Inc-class A Shares | Stock-Financials | 0.69% | +0.01% | +0.88% | |
| 43 | DES | Wisdomtree US Smallcap Divid | ETF-Other | 0.64% | — | +1.56% | |
| 44 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.64% | -0.09% | +2.06% | |
| 45 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.63% | -0.08% | -0.18% | |
| 46 | HD | Home Depot Inc | Stock-Consumer Disc | 0.60% | -0.05% | -0.75% | |
| 47 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.59% | -0.04% | +0.66% | |
| 48 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.59% | -0.18% | +1.22% | |
| 49 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.59% | — | -0.37% | |
| 50 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.59% | +0.05% | +0.81% |
1–50 of 187
Portfolio Performance
Performance for Q3 2026
+3.7%
Performance Last 4 Quarters
+22.1%
- Stdev
- +10.9%
- Beta
- +0.8
- Alpha
- +1.7%
- Max Drawdown
- -5.8%
- Annualized Perf
- +18.6%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.23
- Stutzer
- +0.47
- Treynor
- +0.22
- Sterling
- +1.26
- Calmar
- +3.2
- Information Ratio
- -0.54
- Tracking Error
- +4.2%
- Stdev Down
- +5.5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +30.1%
- Worst 12 Months
- +6.6%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.63
- Stdev Sectors
- +8.7%
- Skewness
- -0.21
- Kurtosis
- -0.31
- Upside Potential
- +4.79
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 187 | $372.0M | 18 | ||
| 2026 Q1 | 171 | $326.5M | 14 | ||
| 2025 Q4 | 177 | $331.8M | 31 | ||
| 2025 Q3 | 149 | $258.8M | 26 | ||
| 2025 Q2 | 147 | $237.8M | 0 | ||
| 2025 Q1 | 146 | $216.9M | 100 | ||
| 2024 Q4 | 141 | $215.4M | 0 | ||
| 2024 Q3 | 147 | $214.4M | 0 | ||
| 2024 Q2 | 148 | $200.4M | 0 | ||
| 2024 Q1 | 153 | $196.9M | 0 | ||
| 2023 Q4 | 140 | $179.0M | 0 | ||
| 2023 Q3 | 138 | $165.0M | 0 | ||
| 2023 Q2 | 139 | $168.3M | 0 | ||
| 2023 Q1 | 128 | $156.3M | 0 | ||
| 2022 Q4 | 125 | $153.0M | 0 | ||
| 2022 Q3 | 128 | $149.9M | 0 | ||
| 2022 Q2 | 137 | $159.8M | 0 | ||
| 2022 Q1 | 143 | $190.7M | 0 | ||
| 2021 Q4 | 140 | $203.0M | 0 | ||
| 2021 Q3 | 138 | $189.0M | 0 | ||
| 2021 Q2 | 145 | $191.2M | 97 | ||
| 2021 Q1 | 142 | $179.3M | 24 | ||
| 2020 Q4 | 134 | $168.9M | 22 | ||
| 2020 Q3 | 123 | $150.0M | 14 | ||
| 2020 Q2 | 117 | $139.6M | 33 | ||
| 2020 Q1 | 105 | $115.4M | 47 | ||
| 2019 Q4 | 130 | $160.5M | 12 | ||
| 2019 Q3 | 131 | $149.8M | 7 | ||
| 2019 Q2 | 136 | $152.0M | 10 | ||
| 2019 Q1 | 137 | $143.3M | 16 | ||
| 2018 Q4 | 129 | $124.7M | 27 | ||
| 2018 Q3 | 147 | $151.3M | 10 | ||
| 2018 Q2 | 148 | $144.7M | 32 | ||
| 2018 Q1 | 140 | $139.5M | 18 | ||
| 2017 Q4 | 140 | $140.7M | 14 | ||
| 2017 Q3 | 138 | $134.7M | 14 | ||
| 2017 Q2 | 131 | $132.9M | 16 | ||
| 2017 Q1 | 129 | $135.0M | 29 | ||
| 2016 Q4 | 130 | $132.8M | 15 | ||
| 2016 Q3 | 124 | $126.1M | 8 | ||
| 2016 Q2 | 126 | $121.5M | 20 | ||
| 2016 Q1 | 117 | $109.2M | 21 | ||
| 2015 Q4 | 117 | $100.6M | 18 | ||
| 2015 Q3 | 125 | $102.5M | 23 | ||
| 2015 Q2 | 131 | $119.1M | 22 | ||
| 2015 Q1 | 136 | $125.0M | 16 | ||
| 2014 Q4 | 132 | $119.1M | 19 | ||
| 2014 Q3 | 126 | $119.6M | 34 | ||
| 2014 Q2 | 144 | $163.8M | 15 | ||
| 2014 Q1 | 131 | $156.8M | 12 | ||
| 2013 Q4 | 135 | $149.9M | 18 | ||
| 2013 Q3 | 120 | $141.2M | 18 | ||
| 2013 Q2 | 117 | $147.1M | 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.
Holding changes this quarter
Aspen Investment Management Inc's most significant position changes for 2026-06-30: New buy: Global X Copper Miners ETF (COPX); New buy: Advanced Micro Devices (AMD); New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: First Trust Dw Focus 5 Fund (FV); New buy: Semtech CORP (SMTC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +0.8% | -13.96% | Trim |
| 2 | GLW | Corning Inc | +0.7% | -9.24% | Trim |
| 3 | MRVL | Marvell Technology Inc | +0.5% | +14.73% | Add |
| 4 | IWM | Ishares Russell 2000 ETF | +0.4% | +6.77% | Add |
| 5 | SCHD | Schwab US Dvd Equity ETF | +0.3% | +49.15% | Add |
| 6 | INTC | Intel CORP | +0.3% | -5.13% | Trim |
| 7 | CAT | Caterpillar Inc | +0.2% | -0.82% | Trim |
| 8 | VNQ | Vanguard Real Estate ETF | +0.2% | +48.19% | Add |
| 9 | CSCO | Cisco Systems Inc | +0.2% | +0.33% | Add |
| 10 | GOOGL | Alphabet Inc-cl A | +0.2% | +0.27% | Add |
| 11 | PFE | Pfizer Inc | +0.2% | +302.14% | Add |
| 12 | IVV | Ishares Core S&p 500 ETF | +0.2% | +13.13% | Add |
| 13 | LLY | Eli Lilly & Co | +0.2% | +3.08% | Add |
| 14 | COPX | Global X Copper Miners ETF | +0.1% | NEW | New buy |
| 15 | AMD | Advanced Micro Devices | +0.1% | NEW | New buy |
| 16 | PWR | Quanta Services Inc | +0.1% | +3.52% | Add |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | NEW | New buy |
| 18 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +6.41% | Add |
| 19 | GE | General Electric | +0.1% | +13.85% | Add |
| 20 | VGT | Vanguard Info Tech ETF | +0.1% | +899.45% | Add |
| 21 | IGPT | Invesco Ai And Next Gen Soft | +0.1% | +10.89% | Add |
| 22 | FV | First Trust Dw Focus 5 Fund | +0.1% | NEW | New buy |
| 23 | GEV | GE Vernova Inc | +0.1% | +30.55% | Add |
| 24 | XLK | Ss Technology Select Sector | +0.1% | +2.45% | Add |
| 25 | PANW | Palo Alto Networks Inc | +0.1% | +6.26% | Add |
| 26 | SMTC | Semtech CORP | +0.1% | NEW | New buy |
| 27 | GS | Goldman Sachs Group Inc | +0.1% | -0.46% | Trim |
| 28 | CIBR | First Trust Nasdaq Cybersecu | +0.1% | +13.42% | Add |
| 29 | ARM | Arm Holdings Plc-adr | +0.1% | NEW | New buy |
| 30 | SWKS | Skyworks Solutions Inc | +0.1% | NEW | New buy |
| 31 | IJR | Ishares Core S&p Small-cap E | +0.1% | NEW | New buy |
| 32 | AMZN | Amazon.com Inc | +0.1% | +4.70% | Add |
| 33 | TXN | Texas Instruments Inc | +0.1% | -1.91% | Trim |
| 34 | XSD | Ss Spdr S&p Semiconductor | +0.1% | — | Unchanged |
| 35 | IXN | Ishares Global Tech ETF | +0.1% | NEW | New buy |
| 36 | VST | Vistra CORP | +0.1% | NEW | New buy |
| 37 | CBT | Cabot CORP | +0.1% | NEW | New buy |
| 38 | SCHA | Schwab US Small-cap ETF | +0.1% | -0.24% | Trim |
| 39 | IEMG | Ishares Core Msci Emerging | +0.1% | +13.62% | Add |
| 40 | JPST | Jpmorgan Ultra-short Income | +0.1% | NEW | New buy |
| 41 | MYRG | Myr Group Inc/delaware | +0.1% | NEW | New buy |
| 42 | GILD | Gilead Sciences Inc | +0.1% | NEW | New buy |
| 43 | AVUV | Avantis US Small Cap Value | +0.1% | NEW | New buy |
| 44 | GNRC | Generac Holdings Inc | +0.1% | NEW | New buy |
| 45 | BE | Bloom Energy Corp- A | +0.1% | NEW | New buy |
| 46 | AAPL | Apple Inc | +0.1% | +1.58% | Add |
| 47 | NVDA | Nvidia CORP | +0.1% | +3.16% | Add |
| 48 | ABBV | Abbvie Inc | +0.1% | +3.79% | Add |
| 49 | GOOG | Alphabet Inc-cl C | +0.1% | +0.81% | Add |
| 50 | FELE | Franklin Electric Co Inc | +0.1% | NEW | New buy |
1–50 of 189
Filing History
FAQ
What is Aspen Investment Management Inc and what type of investor is it?
Aspen Investment Management Inc 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 $372.0M, spread across 187 disclosed positions.
What are Aspen Investment Management Inc's largest equity positions?
Based on the latest 13F filing, Aspen Investment Management Inc's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $24.9M (6.7%)
2. Invesco S&p 500 Equal Weight (RSP) — $14.2M (3.8%)
3. Ishares Russell 2000 ETF (IWM) — $12.4M (3.3%)
4. Ishares Core Msci Eafe ETF (IEFA) — $10.4M (2.8%)
5. Apple Inc (AAPL) — $9.9M (2.7%)
What changes did Aspen Investment Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Aspen Investment Management Inc made 161 notable position adjustments: 18 new positions were initiated, 81 existing holdings were added to, 60 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Global X Copper Miners ETF (COPX); New buy: Advanced Micro Devices (AMD); New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: First Trust Dw Focus 5 Fund (FV); New buy: Semtech CORP (SMTC)
What sectors does Aspen Investment Management Inc focus on?
Aspen Investment Management Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.1%
• Financials: 18.0%
• Health Care: 15.2%
• Industrials: 12.2%
• Consumer Staples: 7.8%
• Communication Services: 5.7%
Investment Profile
Aspen Investment Management Inc returned an annualized 18.6% over the trailing 36 months — outperforming the S&P 500 by 1.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.80 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 30.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its GLW position over the past two quarters (+$4.8M, now $7.7M), while trimming BSCQ over the same stretch (-$1.9M, still holding $777.0K).
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Developer Access
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