AW
Aspen Wealth Management LLC 13F Holdings (134 Positions, Q3 2026)
Aspen Wealth Management LLCCIK: 0001895252
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$627.2M
Reporting period: 2026-09-30 · Number of holdings: 134
Aspen Wealth Management LLC disclosed 134 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $627.2M and a quarterly turnover rate of 20.2%.
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Personality snowflake
- Concentration
- 21.26
- Portfolio Stability
- 20.21
- Momentum
- 100
- Sector conviction
- 54.93
- Diversification
- 100
- Sizing Uniformity
- 75.17
Aspen Wealth Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.053 — mathematically equivalent to about 19 equally-sized positions, well below its 134 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 2.48), 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 6% 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.govSold out DFAR
New buy 25239Y147
Add AGG
+236.0% $8.1M
New buy BINC
Sold out DUHP
Add MUB
+92.7% $7.4M
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 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 11.77% | +0.25% | +7.43% | |
| 2 | DFIC | Dimensional International Co | ETF-Other | 9.84% | +0.22% | +7.88% | |
| 3 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 9.09% | -0.03% | +4.79% | |
| 4 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 6.89% | +0.14% | +5.56% | |
| 5 | DFAT | Dimensional US Target Value | ETF-Other | 6.34% | -0.60% | +2.35% | |
| 6 | JCPB | Jpmorgan Core Plus Bond ETF | ETF-Other | 5.77% | -1.03% | -5.25% | |
| 7 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 5.57% | -0.30% | +0.98% | |
| 8 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 3.91% | +0.11% | +10.29% | |
| 9 | MUB | Ishares National Muni Bond E | ETF-Other | 2.64% | +1.09% | +92.68% | |
| 10 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 2.26% | +0.01% | +7.43% | |
| 11 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.87% | +1.25% | +235.97% | |
| 12 | JMUB | Jpmorgan Municipal ETF | ETF-Other | 1.87% | -0.75% | -19.10% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.83% | +0.04% | +6.71% | |
| 14 | JMST | JPM Ultra-short Muni Income | ETF-Other | 1.78% | +0.09% | +12.74% | |
| 15 | DFAI | Dimensional International Co | ETF-Other | 1.71% | -0.12% | -0.98% | |
| 16 | VUG | Vanguard Growth ETF | ETF-Other | 1.66% | -0.03% | +0.41% | |
| 17 | ✓ | Stock-Other | 1.66% | +1.66% | NEW | ||
| 18 | DFAU | Dimensional US Core Equity M | ETF-Other | 1.35% | -0.08% | -0.18% | |
| 19 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 1.15% | +1.15% | NEW | |
| 20 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.11% | -0.10% | -0.20% | |
| 21 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.96% | +0.18% | +40.18% | |
| 22 | ✓ | Stock-Other | 0.92% | +0.92% | NEW | ||
| 23 | WMT | Walmart Inc | Stock-Consumer Staples | 0.88% | -0.12% | +1.97% | |
| 24 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.82% | -0.04% | +0.26% | |
| 25 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 0.82% | -0.15% | -8.50% | |
| 26 | AAPL | Apple Inc | Stock-Tech | 0.81% | +0.12% | +9.28% | |
| 27 | SUB | Ishares Short-term National | ETF-Other | 0.73% | +0.33% | +99.58% | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 0.42% | +0.05% | -11.63% | |
| 29 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.39% | -0.01% | +0.47% | |
| 30 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.39% | -0.01% | +1.14% | |
| 31 | USRT | Ishares Core US Reit ETF | ETF-Other | 0.36% | +0.14% | +88.28% | |
| 32 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.33% | +0.15% | +91.84% | |
| 33 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.33% | -0.01% | +0.42% | |
| 34 | NVDA | Nvidia CORP | Stock-Tech | 0.32% | +0.11% | +43.13% | |
| 35 | DFNM | Dimensional National Muni Bd | ETF-Other | 0.31% | -0.31% | -43.34% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.31% | +0.03% | +17.66% | |
| 37 | CFR | Cullen/frost Bankers Inc | Stock-Financials | 0.30% | -0.03% | +0.19% | |
| 38 | JQUA | Jpmorgan US Quality Factor | ETF-Other | 0.29% | -0.02% | -0.32% | |
| 39 | DFUV | Dimensional US Marketwide Va | ETF-Other | 0.29% | -0.02% | — | |
| 40 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.29% | +0.02% | +9.99% | |
| 41 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.27% | -0.01% | +0.07% | |
| 42 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.24% | +0.04% | +25.25% | |
| 43 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.24% | -0.01% | +1.38% | |
| 44 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.23% | +0.02% | +19.46% | |
| 45 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.22% | — | +6.61% | |
| 46 | IBMO | Ishares Ibonds Dec 2026 Term | ETF-Other | 0.22% | +0.07% | +57.73% | |
| 47 | VTV | Vanguard Value ETF | ETF-Other | 0.22% | -0.02% | +0.42% | |
| 48 | IBMP | Ishares Ibonds Dec 2027 Term | ETF-Other | 0.21% | +0.06% | +52.21% | |
| 49 | VV | Vanguard Large-cap ETF | ETF-Other | 0.21% | -0.01% | +0.27% | |
| 50 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.21% | +0.06% | +51.00% |
1–50 of 134
Portfolio Performance
Performance for Q4 2026
+0.7%
Performance Last 4 Quarters
+12.4%
- Stdev
- +8.9%
- Beta
- +0.69
- Alpha
- +1.2%
- Max Drawdown
- -4.7%
- Annualized Perf
- +17.6%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.83
- Stutzer
- +0.54
- Treynor
- +0.24
- Sterling
- +1.25
- Calmar
- +3.77
- Information Ratio
- -1.2
- Tracking Error
- +4.8%
- Stdev Down
- +4.4%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +25.8%
- Worst 12 Months
- +6%
- Efficiency Ratio
- +0.73
- Sharpe
- +1.88
- Stdev Sectors
- +8.9%
- Skewness
- -0.29
- Kurtosis
- +0.16
- Upside Potential
- +5.19
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 134 | $627.2M | 20 | ||
| 2026 Q2 | 132 | $588.7M | 19 | ||
| 2026 Q1 | 124 | $501.2M | 14 | ||
| 2025 Q4 | 118 | $476.2M | 8 | ||
| 2025 Q3 | 107 | $450.4M | 27 | ||
| 2025 Q2 | 88 | $403.1M | 0 | ||
| 2025 Q1 | 86 | $353.4M | 0 | ||
| 2024 Q4 | 86 | $337.4M | 0 | ||
| 2024 Q3 | 89 | $329.4M | 0 | ||
| 2024 Q2 | 83 | $289.2M | 0 | ||
| 2024 Q1 | 73 | $259.0M | 0 | ||
| 2023 Q4 | 74 | $223.2M | 0 | ||
| 2023 Q3 | 66 | $193.3M | 0 | ||
| 2023 Q2 | 67 | $197.8M | 0 | ||
| 2023 Q1 | 72 | $192.4M | 0 | ||
| 2022 Q4 | 69 | $167.6M | 0 | ||
| 2022 Q3 | 58 | $142.7M | 0 | ||
| 2022 Q2 | 59 | $141.0M | 0 | ||
| 2022 Q1 | 60 | $145.0M | 0 | ||
| 2021 Q4 | 57 | $124.7M | 0 |
Holding changes this quarter
Aspen Wealth Management LLC's most significant position changes for 2026-09-30: Sold out: Dimensional US Real Est ETF (DFAR); New buy: ; New buy: Ishares Flex I A Etf-usd Inc (BINC); Sold out: Dimensional US High Profi Et (DUHP); New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +1.7% | NEW | New buy | |
| 2 | AGG | Ishares Core U.s. Aggregate | +1.3% | +235.97% | Add |
| 3 | BINC | Ishares Flex I A Etf-usd Inc | +1.2% | NEW | New buy |
| 4 | MUB | Ishares National Muni Bond E | +1.1% | +92.68% | Add |
| 5 | ✓ | +0.9% | NEW | New buy | |
| 6 | SUB | Ishares Short-term National | +0.3% | +99.58% | Add |
| 7 | DFUS | Dimensional US Eq Mkt ETF | +0.3% | +7.43% | Add |
| 8 | DFIC | Dimensional International Co | +0.2% | +7.88% | Add |
| 9 | DFAS | Dimensional US Small Cap ETF | +0.2% | +40.18% | Add |
| 10 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +91.84% | Add |
| 11 | IUSG | Ishares Core S&p U.s. Growth | +0.1% | +5.56% | Add |
| 12 | USRT | Ishares Core US Reit ETF | +0.1% | +88.28% | Add |
| 13 | AAPL | Apple Inc | +0.1% | +9.28% | Add |
| 14 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +10.29% | Add |
| 15 | NVDA | Nvidia CORP | +0.1% | +43.13% | Add |
| 16 | JMST | JPM Ultra-short Muni Income | +0.1% | +12.74% | Add |
| 17 | IBMO | Ishares Ibonds Dec 2026 Term | +0.1% | +57.73% | Add |
| 18 | IBMP | Ishares Ibonds Dec 2027 Term | +0.1% | +52.21% | Add |
| 19 | IBMQ | Ishares Ibonds Dec 2028 Muni | +0.1% | +58.09% | Add |
| 20 | IBMR | Ishares Ibonds Dec 2029 M Bd | +0.1% | +61.65% | Add |
| 21 | IBMS | Isharesibonddec2030munibdetf | +0.1% | +61.48% | Add |
| 22 | IBMT | Ishares Ibonds Dec 2031 Muni | +0.1% | +92.38% | Add |
| 23 | GOOG | Alphabet Inc-cl C | +0.1% | +51.00% | Add |
| 24 | META | Meta Platforms Inc-class A | +0.1% | NEW | New buy |
| 25 | MSFT | Microsoft CORP | +0.1% | -11.63% | Trim |
| 26 | IAGG | Ishares Intl Aggregate Bond | +0.1% | +46.11% | Add |
| 27 | EPD | Enterprise Products Partners | +0.1% | NEW | New buy |
| 28 | V | Visa Inc-class A Shares | +0.1% | NEW | New buy |
| 29 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +141.92% | Add |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +6.71% | Add |
| 31 | AMZN | Amazon.com Inc | 0% | +25.25% | Add |
| 32 | XLF | Ss Financial Select Sector | 0% | NEW | New buy |
| 33 | ✓ | 0% | NEW | New buy | |
| 34 | MU | Micron Technology Inc | 0% | NEW | New buy |
| 35 | COP | Conocophillips | 0% | NEW | New buy |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +17.66% | Add |
| 37 | AVGO | Broadcom Inc | 0% | +46.97% | Add |
| 38 | IJR | Ishares Core S&p Small-cap E | 0% | +40.57% | Add |
| 39 | WFC | Wells Fargo & Co | 0% | NEW | New buy |
| 40 | AMD | Advanced Micro Devices | 0% | NEW | New buy |
| 41 | TJX | Tjx Companies Inc | 0% | NEW | New buy |
| 42 | GILD | Gilead Sciences Inc | 0% | NEW | New buy |
| 43 | COST | Costco Wholesale CORP | 0% | +19.46% | Add |
| 44 | JPM | Jpmorgan Chase & Co | 0% | +9.99% | Add |
| 45 | LLY | Eli Lilly & Co | 0% | +41.42% | Add |
| 46 | CVX | Chevron CORP | 0% | -1.21% | Trim |
| 47 | JPST | Jpmorgan Ultra-short Income | 0% | +7.43% | Add |
| 48 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | 0% | +13.98% | Add |
| 49 | IBDT | Ishares Ibonds Dec 2028 ETF | 0% | +14.07% | Add |
| 50 | IBDU | Ishares Ibonds Dec 2029 Term | 0% | +14.85% | Add |
1–50 of 146
Filing History
FAQ
What is Aspen Wealth Management LLC and what type of investor is it?
Aspen Wealth 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $627.2M, spread across 134 disclosed positions.
What are Aspen Wealth Management LLC's largest equity positions?
Based on the latest 13F filing, Aspen Wealth Management LLC's top holdings by market value are:
1. Dimensional US Eq Mkt ETF (DFUS) — $73.8M (11.8%)
2. Dimensional International Co (DFIC) — $61.7M (9.8%)
3. Ishares Msci USA Quality Fac (QUAL) — $57.0M (9.1%)
4. Ishares Core S&p U.s. Growth (IUSG) — $43.2M (6.9%)
5. Dimensional US Target Value (DFAT) — $39.8M (6.3%)
What changes did Aspen Wealth Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Aspen Wealth Management LLC made 123 notable position adjustments: 14 new positions were initiated, 74 existing holdings were added to, 23 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Dimensional US Real Est ETF (DFAR); New buy: ; New buy: Ishares Flex I A Etf-usd Inc (BINC); Sold out: Dimensional US High Profi Et (DUHP); New buy:
What sectors does Aspen Wealth Management LLC focus on?
Aspen Wealth Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.6%
• Consumer Staples: 20.3%
• Financials: 16.7%
• Health Care: 7.7%
• Industrials: 6.9%
• Consumer Discretionary: 5.9%
Investment Profile
Aspen Wealth Management LLC returned an annualized 17.6% over the trailing 36 months — outperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.69 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 30.6% of the portfolio concentrated in Information Technology.
It has added to its DFUS position over the past two quarters (+$20.5M, now $73.8M), while trimming DFNM over the same stretch (-$3.0M, still holding $2.0M).
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