SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Aspen Investment Management Inc

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

Reported Value
$150M
Q3 2020
Positions
123
Filings on Record
30
2019–present window
Filed
Nov 30, 2020
original filing

Summary

Aspen Investment Management Inc reported $150M in U.S.-listed holdings across 123 positions for Q3 2020.

Its largest position, IWM, represents 11.0% of the portfolio.

Compared with Q2 2020, the fund opened 9 new positions and exited 3.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+45.7%
share of reported value
Largest Position
+11.0%
Ishares Tr
New / Exited
9 / 3
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: 54.9%ETP: 43.7%Other: 1.2%Closed-End Fund: 0.2%
  • Common Stock · 54.9% · $82M
  • ETP · 43.7% · $66M
  • Other · 1.2% · $2M
  • Closed-End Fund · 0.2% · $310,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RVTYPERKINELMER INCNEW+9.3K9.3K+$1M$1M
QCOMQUALCOMM INCNEW+6.6K6.6K+$775,000$775,000
EBAYEBAY INC.NEW+14.5K14.5K+$755,000$755,000
GLDSPDR GOLD TRNEW+3.0K3.0K+$535,000$535,000
AMDADVANCED MICRO DEVICES INCNEW+4.3K4.3K+$352,000$352,000
DEDEERE & CONEW+1.2K1.2K+$277,000$277,000
JCIJOHNSON CTLS INTL PLCNEW+5.8K5.8K+$236,000$236,000
SCHGSCHWAB STRATEGIC TRNEW+1.9K1.9K+$215,000$215,000

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

Holdings — Q3 2020

95 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · CORE MSCI EAFE · ISHS 1-5YR INVS · CORE S&P500 ETF · RUS 2000 GRW ETF · MSCI EAFE ETF · RUS 1000 ETF · S&P 100 ETF · INTL SEL DIV ETF · NASDAQ BIOTECH10.95%$16M188.9K
2INVESCO EXCH TRD SLF IDX FDBULSHS 2021 CB · BULSHS 2024 CB · BULSHS 2022 CB · BULSHS 2023 CB · BULSHS 2021 HY · BULSHS 2023 HY6.87%$10M469.8K
3SPYSPDR S&P 500 ETF TRhistory →TR UNIT6.55%$10M29.3K
4MSFTMICROSOFT CORPhistory →COM4.28%$6M30.5K
5SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US SML CAP ETF · US LRG CAP ETF · INTL SCEQT ETF · EMRG MKTEQ ETF · US MID-CAP ETF · US LCAP GR ETF3.74%$6M136.1K
6FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF2.94%$4M230.0K
7FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY2.92%$4M105.8K
8PYPLPAYPAL HLDGS INChistory →COM2.78%$4M21.2K
9HDHOME DEPOT INChistory →COM2.39%$4M12.9K
10VOVANGUARD INDEX FDSMID CAP ETF · REAL ESTATE ETF2.27%$3M29.2K
11WMTWALMART INChistory →COM2.20%$3M23.6K
12AMZNAMAZON COM INChistory →COM2.09%$3M998
13XLBSELECT SECTOR SPDR TRSBI MATERIALS · SBI INT-INDS · TECHNOLOGY · SBI INT-FINL · SBI HEALTHCARE2.01%$3M47.6K
14AAPLAPPLE INChistory →COM1.96%$3M25.4K
15SBUXSTARBUCKS CORPhistory →COM1.86%$3M32.4K
16HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.80%$3M28.8K
17METAFACEBOOK INChistory →CL A1.63%$2M9.3K
18JNJJOHNSON & JOHNSONhistory →COM1.53%$2M15.4K
19JPMJPMORGAN CHASE & COhistory →COM1.36%$2M21.1K
20AMGNAMGEN INChistory →COM1.25%$2M7.4K
21VZVERIZON COMMUNICATIONS INChistory →COM1.24%$2M31.1K
22PEPPEPSICO INChistory →COM1.11%$2M12.0K
23DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.09%$2M68.9K
24CSXCSX CORPhistory →COM1.09%$2M21.0K
25DOCUDOCUSIGN INChistory →COM1.01%$2M7.0K
26PFEPFIZER INCCOM0.97%$1M39.7K
27PGPROCTER AND GAMBLE COCOM0.97%$1M10.5K
28ADBEADOBE SYSTEMS INCORPORATEDCOM0.96%$1M3.0K
29VVISA INCCOM CL A0.90%$1M6.8K
30INTCINTEL CORPCOM0.89%$1M25.9K
31VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.86%$1M29.7K
32RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.85%$1M11.8K
33ABTABBOTT LABSCOM0.80%$1M11.0K
34RVTYPERKINELMER INCCOM0.78%$1M9.3K
35NEENEXTERA ENERGY INCCOM0.78%$1M4.2K
36GSGOLDMAN SACHS GROUP INCCOM0.77%$1M5.7K
37ITWILLINOIS TOOL WKS INCCOM0.73%$1M5.7K
38FLRNSPDR SER TRBLOMBERG BRC INV0.72%$1M35.6K
39LMTLOCKHEED MARTIN CORPCOM0.67%$1M2.6K
40ICEINTERCONTINENTAL EXCHANGE INCOM0.67%$999,00010.0K
41GOOGLALPHABET INCCAP STK CL A0.65%$975,000665
42EWEDWARDS LIFESCIENCES CORPCOM0.65%$969,00012.1K
43FICOFAIR ISAAC CORPCOM0.64%$961,0002.3K
44MDLZMONDELEZ INTL INCCL A0.61%$920,00016.0K
45WMWASTE MGMT INC DELCOM0.61%$908,0008.0K
46CSCOCISCO SYS INCCOM0.60%$901,00022.9K
47DISDISNEY WALT COCOM DISNEY0.58%$868,0007.0K
48SYKSTRYKER CORPORATIONCOM0.56%$843,0004.0K
49BACBK OF AMERICA CORPCOM0.55%$822,00034.1K
50ADPAUTOMATIC DATA PROCESSING INCOM0.53%$796,0005.7K
51MDTMEDTRONIC PLCSHS0.52%$786,0007.6K
52IEMGISHARES INCCORE MSCI EMKT0.52%$781,00014.8K
53QCOMQUALCOMM INCCOM0.52%$775,0006.6K
54COSTCOSTCO WHSL CORP NEWCOM0.51%$772,0002.2K
55EBAYEBAY INC.COM0.50%$755,00014.5K
56NVDANVIDIA CORPORATIONCOM0.49%$740,0001.4K
57TMOTHERMO FISHER SCIENTIFIC INCCOM0.47%$706,0001.6K
58CVXCHEVRON CORP NEWCOM0.45%$681,0009.5K
59EXMOCEXXON MOBIL CORPCOM0.40%$602,00017.5K
60CATCATERPILLAR INC DELCOM0.40%$598,0004.0K
61ROKROCKWELL AUTOMATION INCCOM0.39%$585,0002.6K
62BMYBRISTOL-MYERS SQUIBB COCOM0.38%$577,0009.6K
63DUKDUKE ENERGY CORP NEWCOM NEW0.36%$540,0006.1K
64GLDSPDR GOLD TRGOLD SHS0.36%$535,0003.0K
65TXNTEXAS INSTRS INCCOM0.36%$535,0003.7K
66KOCOCA COLA COCOM0.35%$531,00010.7K
67TTTRANE TECHNOLOGIES PLCSHS0.32%$481,0004.0K
68ABBVABBVIE INCCOM0.32%$473,0005.4K
69ACTIVISION BLIZZARD INCCOM0.30%$455,0005.6K
70MRKMERCK & CO. INCCOM0.29%$437,0005.3K
71AXPAMERICAN EXPRESS COCOM0.25%$370,0003.7K
72SCHWSCHWAB CHARLES CORPCOM0.25%$369,00010.2K
73CCITIGROUP INCCOM NEW0.24%$365,0008.5K
74AMDADVANCED MICRO DEVICES INCCOM0.23%$352,0004.3K
75TCFTCF FINL CORPCOM0.23%$340,00014.5K
76DDDUPONT DE NEMOURS INCCOM0.22%$334,0006.0K
77LLYLILLY ELI & COCOM0.21%$316,0002.1K
78QQQXNUVEEN NASDAQ 100 DYNAMIC OVCOM SHS0.21%$310,00012.8K
79ORCLORACLE CORPCOM0.21%$310,0005.2K
80YUMCYUM CHINA HLDGS INCCOM0.19%$292,0005.5K
81VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.19%$289,0002.2K
82DEDEERE & COCOM0.18%$277,0001.2K
83WFCWELLS FARGO CO NEWCOM0.18%$273,00011.6K
84NEARISHARES U S ETF TRSHT MAT BD ETF0.18%$266,0005.3K
85IBMINTERNATIONAL BUSINESS MACHSCOM0.17%$252,0002.1K
86DTEDTE ENERGY COCOM0.17%$249,0002.2K
87SHWSHERWIN WILLIAMS COCOM0.16%$244,000350
88UNHUNITEDHEALTH GROUP INCCOM0.16%$240,000769
89JCIJOHNSON CTLS INTL PLCSHS0.16%$236,0005.8K
90MMM3M COCOM0.15%$218,0001.4K
91TAT&T INCCOM0.14%$217,0007.6K
92MOALTRIA GROUP INCCOM0.14%$206,0005.3K
93AMATAPPLIED MATLS INCCOM0.13%$200,0003.4K
94HBANHUNTINGTON BANCSHARES INCCOM0.10%$155,00016.9K
95GENERAL ELECTRIC COCOM0.08%$123,00019.7K

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 ↗.