SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Aspen Investment Management Inc

CIK 0001541596 · 4020 E BELTLINE NE SUITE 103, GRAND RAPIDS, MI, 49525 · 616-361-2500

Reported Value
$140M
Q2 2020
Positions
117
Filings on Record
30
2019–present window
Filed
Aug 6, 2020
original filing

Summary

Aspen Investment Management Inc reported $140M in U.S.-listed holdings across 117 positions for Q2 2020.

Its largest position, IWM, represents 11.9% of the portfolio.

Compared with Q1 2020, the fund opened 14 new positions and exited 2.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+48.5%
share of reported value
Largest Position
+11.9%
Ishares Tr
New / Exited
14 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $125MQ4 ’18Q1 ’19: $143MQ2 ’19: $152MQ3 ’19: $150MQ4 ’19: $160MQ4 ’19Q1 ’20: $115MQ2 ’20: $140MQ3 ’20: $150MQ4 ’20: $169MQ4 ’20Q2 ’21: $191MQ4 ’21: $203MQ1 ’22: $191MQ2 ’22: $160MQ2 ’22Q3 ’22: $150MQ4 ’22: $153MQ1 ’23: $156MQ2 ’23: $168MQ2 ’23Q3 ’23: $165MQ4 ’23: $179MQ1 ’24: $197MQ2 ’24: $200MQ2 ’24Q3 ’24: $214MQ4 ’24: $215MQ1 ’25: $217MQ2 ’25: $238MQ2 ’25Q3 ’25: $259MQ4 ’25: $332MQ1 ’26: $327Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 52.5%ETP: 46.0%Other: 1.3%Closed-End Fund: 0.2%
  • Common Stock · 52.5% · $73M
  • ETP · 46.0% · $64M
  • Other · 1.3% · $2M
  • Closed-End Fund · 0.2% · $293,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLBSELECT SECTOR SPDR TRNEW+18.0K18.0K+$1M$1M
IWOISHARES TRNEW+4.4K4.4K+$910,000$910,000
XLISELECT SECTOR SPDR TRNEW+11.3K11.3K+$775,000$775,000
IWDISHARES TRNEW+6.9K6.9K+$774,000$774,000
ROKROCKWELL AUTOMATION INCNEW+2.7K2.7K+$583,000$583,000
CLXCLOROX CO DELNEW+2.4K2.4K+$526,000$526,000
NVDANVIDIA CORPORATIONNEW+1.2K1.2K+$446,000$446,000
LLYLILLY ELI & CONEW+2.0K2.0K+$333,000$333,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

89 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · CORE MSCI EAFE · SH TR CRPORT ETF · CORE S&P500 ETF · RUS 2000 GRW ETF · MSCI EAFE ETF · RUS 1000 VAL ETF · RUS 1000 ETF · S&P 100 ETF · INTL SEL DIV ETF · NASDAQ BIOTECH11.92%$17M198.3K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT7.63%$11M34.5K
3INVESCO EXCH TRD SLF IDX FDBULSHS 2021 CB · BULSHS 2024 CB · BULSHS 2022 CB · BULSHS 2023 CB · BULSHS 2021 HY · BULSHS 2023 HY7.33%$10M467.6K
4MSFTMICROSOFT CORPhistory →COM4.38%$6M30.1K
5SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US SML CAP ETF · US LRG CAP ETF · INTL SCEQT ETF · EMRG MKTEQ ETF · US MID-CAP ETF3.56%$5M133.2K
6FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY3.13%$4M106.9K
7FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF3.03%$4M229.2K
8PYPLPAYPAL HLDGS INChistory →COM2.62%$4M21.0K
9AMZNAMAZON COM INChistory →COM2.56%$4M1.3K
10VOVANGUARD INDEX FDSMID CAP ETF · REAL ESTATE ETF2.35%$3M29.4K
11HDHOME DEPOT INChistory →COM2.29%$3M12.8K
12AAPLAPPLE INChistory →COM2.03%$3M7.8K
13WMTWALMART INChistory →COM1.97%$3M23.0K
14HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.93%$3M29.5K
15XLBSELECT SECTOR SPDR TRSBI MATERIALS · SBI INT-INDS · TECHNOLOGY · SBI INT-FINL · SBI HEALTHCARE1.86%$3M45.6K
16INTCINTEL CORPhistory →COM1.63%$2M38.1K
17JNJJOHNSON & JOHNSONhistory →COM1.49%$2M14.7K
18JPMJPMORGAN CHASE & COhistory →COM1.44%$2M21.3K
19SBUXSTARBUCKS CORPhistory →COM1.36%$2M25.8K
20AMGNAMGEN INChistory →COM1.23%$2M7.3K
21METAFACEBOOK INChistory →CL A1.17%$2M7.2K
22DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.16%$2M68.9K
23PEPPEPSICO INChistory →COM1.14%$2M12.0K
24DOCUDOCUSIGN INChistory →COM1.09%$2M8.9K
25CSXCSX CORPhistory →COM1.04%$1M20.8K
26VZVERIZON COMMUNICATIONS INChistory →COM1.00%$1M25.4K
27VVISA INCCOM CL A0.94%$1M6.8K
28PGPROCTER AND GAMBLE COCOM0.91%$1M10.6K
29VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.87%$1M30.6K
30ADBEADOBE INCCOM0.87%$1M2.8K
31RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.84%$1M11.6K
32GSGOLDMAN SACHS GROUP INCCOM0.83%$1M5.9K
33CSCOCISCO SYS INCCOM0.77%$1M23.2K
34NEENEXTERA ENERGY INCCOM0.74%$1M4.3K
35FLRNSPDR SER TRBLOMBERG BRC INV0.73%$1M33.3K
36ABTABBOTT LABSCOM0.72%$1M11.0K
37ITWILLINOIS TOOL WKS INCCOM0.71%$994,0005.7K
38PFEPFIZER INCCOM0.70%$984,00030.1K
39LMTLOCKHEED MARTIN CORPCOM0.69%$967,0002.7K
40FICOFAIR ISAAC CORPCOM0.67%$934,0002.2K
41ICEINTERCONTINENTAL EXCHANGE INCOM0.66%$921,00010.1K
42ADPAUTOMATIC DATA PROCESSING INCOM0.64%$889,0006.0K
43WMWASTE MGMT INC DELCOM0.63%$873,0008.2K
44CVXCHEVRON CORP NEWCOM0.60%$844,0009.5K
45EWEDWARDS LIFESCIENCES CORPCOM0.60%$832,00012.0K
46MDLZMONDELEZ INTL INCCL A0.60%$832,00016.3K
47BACBK OF AMERICA CORPCOM0.57%$792,00033.4K
48DISDISNEY WALT COCOM DISNEY0.55%$769,0006.9K
49SYKSTRYKER CORPORATIONCOM0.52%$729,0004.0K
50IEMGISHARES INCCORE MSCI EMKT0.51%$717,00015.1K
51MDTMEDTRONIC PLCSHS0.49%$682,0007.4K
52COSTCOSTCO WHSL CORP NEWCOM0.47%$658,0002.2K
53WFCWELLS FARGO CO NEWCOM0.47%$656,00025.6K
54EXMOCEXXON MOBIL CORPCOM0.47%$655,00014.6K
55ROKROCKWELL AUTOMATION INCCOM0.42%$583,0002.7K
56TMOTHERMO FISHER SCIENTIFIC INCCOM0.42%$580,0001.6K
57BMYBRISTOL-MYERS SQUIBB COCOM0.40%$557,0009.5K
58GOOGLALPHABET INCCAP STK CL A0.39%$545,000384
59ABBVABBVIE INCCOM0.38%$530,0005.4K
60CLXCLOROX CO DELCOM0.38%$526,0002.4K
61CATCATERPILLAR INC DELCOM0.36%$507,0004.0K
62DUKDUKE ENERGY CORP NEWCOM NEW0.36%$498,0006.2K
63KOCOCA COLA COCOM0.34%$480,00010.7K
64TXNTEXAS INSTRS INCCOM0.34%$476,0003.7K
65NVDANVIDIA CORPORATIONCOM0.32%$446,0001.2K
66CCITIGROUP INCCOM NEW0.32%$443,0008.7K
67TCFTCF FINANCIAL CORPORATION NECOM0.31%$429,00014.6K
68MRKMERCK & CO. INCCOM0.30%$419,0005.4K
69TTTRANE TECHNOLOGIES PLCSHS0.28%$384,0004.3K
70AXPAMERICAN EXPRESS COCOM0.25%$351,0003.7K
71SCHWSCHWAB CHARLES CORPCOM0.25%$344,00010.2K
72LLYLILLY ELI & COCOM0.24%$333,0002.0K
73DDDUPONT DE NEMOURS INCCOM0.23%$322,0006.1K
74QQQXNUVEEN NASDAQ 100 DYNAMIC OVCOM SHS0.21%$293,00012.8K
75ORCLORACLE CORPCOM0.21%$287,0005.2K
76YUMCYUM CHINA HLDGS INCCOM0.19%$271,0005.6K
77NEARISHARES U S ETF TRSHT MAT BD ETF0.19%$265,0005.3K
78VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.19%$264,0002.2K
79IBMINTERNATIONAL BUSINESS MACHSCOM0.18%$250,0002.1K
80UNHUNITEDHEALTH GROUP INCCOM0.17%$241,000818
81TAT&T INCCOM0.17%$234,0007.7K
82DTEDTE ENERGY COCOM0.17%$233,0002.2K
83MMM3M COCOM0.15%$212,0001.4K
84MOALTRIA GROUP INCCOM0.15%$209,0005.3K
85ACTIVISION BLIZZARD INCCOM0.15%$207,0002.7K
86COPCONOCOPHILLIPSCOM0.15%$205,0004.9K
87SHWSHERWIN WILLIAMS COCOM0.14%$202,000350
88HBANHUNTINGTON BANCSHARES INCCOM0.11%$153,00016.9K
89GENERAL ELECTRIC COCOM0.10%$136,00019.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$327M171Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$332M177Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$259M149Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$238M147Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$217M146May 20, 202513F-HRchanges · EDGAR ↗
Q4 2024$215M141Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$214M147Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$200M148Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$197M153Apr 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$179M140Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$165M138Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$168M139Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$156M128May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022$153M125Feb 6, 202313F-HRchanges · EDGAR ↗
Q3 2022$150M128Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$160M137Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$191M143May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$203M140Jan 26, 202213F-HRchanges · EDGAR ↗
Q2 2021$191M145Aug 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$169M134Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$150M123Nov 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$140M117Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$115M105May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$160M130Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$150M131Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$152M136Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$143M137May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$125M129Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.