SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Aspen Investment Management Inc

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

Reported Value
$191M
Q2 2021
Positions
145
Filings on Record
30
2019–present window
Filed
Aug 4, 2021
original filing

Summary

Aspen Investment Management Inc reported $191M in U.S.-listed holdings across 145 positions for Q2 2021.

Its largest position, IWM, represents 11.8% of the portfolio.

Compared with Q4 2020, the fund opened 27 new positions and exited 16.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+43.7%
share of reported value
Largest Position
+11.8%
Ishares Tr
New / Exited
27 / 16
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: 54.7%ETP: 42.0%Other: 3.0%Closed-End Fund: 0.2%ADR: 0.1%
  • Common Stock · 54.7% · $105M
  • ETP · 42.0% · $80M
  • Other · 3.0% · $6M
  • Closed-End Fund · 0.2% · $386,000
  • ADR · 0.1% · $183,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
FITBFIFTH THIRD BANCORPNEW+37.7K37.7K+$1M$1M
TGTTARGET CORPNEW+4.9K4.9K+$1M$1M
INVESCO EXCH TRD SLF IDX FDNEW+48.0K48.0K+$1M$1M
ETDETHAN ALLEN INTERIORS INCNEW+29.7K29.7K+$820,000$820,000
XLCSELECT SECTOR SPDR TRNEW+10.0K10.0K+$812,000$812,000
COPXGLOBAL X FDSNEW+16.3K16.3K+$606,000$606,000
MUMICRON TECHNOLOGY INCNEW+6.5K6.5K+$557,000$557,000
KEYKEYCORPNEW+26.7K26.7K+$552,000$552,000

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

Holdings — Q2 2021

113 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 · RUS MID CAP ETF · ISHARES BIOTECH11.81%$23M207.2K
2INVESCO EXCH TRD SLF IDX FDBULSHS 2023 CB · BULSHS 2022 CB · BULSHS 2024 CB · BULSHS 2022 HY · BULSHS 2023 HY6.65%$13M577.5K
3SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.17%$8M18.6K
4SCHFSCHWAB 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 ETF3.94%$8M137.2K
5MSFTMICROSOFT CORPhistory →COM3.68%$7M26.0K
6XLBSELECT SECTOR SPDR TRSBI MATERIALS · SBI INT-INDS · COMMUNICATION · TECHNOLOGY · ENERGY · FINANCIAL · SBI HEALTHCARE3.30%$6M78.1K
7PYPLPAYPAL HLDGS INChistory →COM3.13%$6M20.5K
8FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF2.53%$5M234.8K
9VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF2.42%$5M34.2K
10FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY · DORSEY WRT 5 ETF2.05%$4M90.5K
11JPMJPMORGAN CHASE & COhistory →COM1.84%$4M22.6K
12AAPLAPPLE INChistory →COM1.82%$3M25.4K
13SBUXSTARBUCKS CORPhistory →COM1.69%$3M28.9K
14AMZNAMAZON COM INChistory →COM1.63%$3M908
15HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.57%$3M30.1K
16GSGOLDMAN SACHS GROUP INChistory →COM1.43%$3M7.2K
17JNJJOHNSON & JOHNSONhistory →COM1.32%$3M15.4K
18DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.29%$2M71.7K
19RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT1.28%$2M16.2K
20GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.24%$2M969
21METAFACEBOOK INChistory →CL A1.15%$2M6.4K
22CSXCSX CORPhistory →COM1.09%$2M65.2K
23HDHOME DEPOT INChistory →COM1.09%$2M6.6K
24WMTWALMART INChistory →COM1.05%$2M14.2K
25AMGNAMGEN INCCOM0.97%$2M7.6K
26PEPPEPSICO INCCOM0.94%$2M12.2K
27CVXCHEVRON CORP NEWCOM0.93%$2M17.0K
28VZVERIZON COMMUNICATIONS INCCOM0.90%$2M30.9K
29VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.89%$2M31.3K
30VVISA INCCOM CL A0.84%$2M6.8K
31DOCUDOCUSIGN INCCOM0.82%$2M5.6K
32BACBK OF AMERICA CORPCOM0.80%$2M37.3K
33FITBFIFTH THIRD BANCORPCOM0.75%$1M37.7K
34INTCINTEL CORPCOM0.74%$1M25.3K
35HBANHUNTINGTON BANCSHARES INCCOM0.73%$1M97.5K
36ITWILLINOIS TOOL WKS INCCOM0.68%$1M5.8K
37ABTABBOTT LABSCOM0.67%$1M11.0K
38ICEINTERCONTINENTAL EXCHANGE INCOM0.65%$1M10.4K
39DISDISNEY WALT COCOM0.64%$1M6.9K
40MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.64%$1M2.5K
41CSCOCISCO SYS INCCOM0.63%$1M22.9K
42EWEDWARDS LIFESCIENCES CORPCOM0.63%$1M11.7K
43SCHWSCHWAB CHARLES CORPCOM0.63%$1M16.6K
44NEENEXTERA ENERGY INCCOM0.62%$1M16.2K
45TGTTARGET CORPCOM0.61%$1M4.9K
46RVTYPERKINELMER INCCOM0.61%$1M7.5K
47CATCATERPILLAR INCCOM0.60%$1M5.3K
48WMWASTE MGMT INC DELCOM0.60%$1M8.1K
49FLRNSPDR SER TRBLOMBERG BRC INV0.59%$1M36.8K
50FICOFAIR ISAAC CORPCOM0.58%$1M2.2K
51ADPAUTOMATIC DATA PROCESSING INCOM0.58%$1M5.6K
52EXMOCEXXON MOBIL CORPCOM0.57%$1M17.4K
53SYKSTRYKER CORPORATIONCOM0.56%$1M4.2K
54TTTRANE TECHNOLOGIES PLCSHS0.55%$1M5.8K
55IEMGISHARES INCCORE MSCI EMKT0.54%$1M15.4K
56JCIJOHNSON CTLS INTL PLCSHS0.53%$1M14.8K
57MDLZMONDELEZ INTL INCCL A0.53%$1M16.1K
58PFEPFIZER INCCOM0.52%$988,00025.2K
59LMTLOCKHEED MARTIN CORPCOM0.52%$987,0002.6K
60PGPROCTER AND GAMBLE COCOM0.51%$969,0007.2K
61MDTMEDTRONIC PLCSHS0.49%$934,0007.5K
62ADBEADOBE SYSTEMS INCORPORATEDCOM0.46%$886,0001.5K
63AMATAPPLIED MATLS INCCOM0.46%$874,0006.1K
64ETDETHAN ALLEN INTERIORS INCCOM0.43%$820,00029.7K
65TMOTHERMO FISHER SCIENTIFIC INCCOM0.42%$807,0001.6K
66GNRCGENERAC HLDGS INCCOM0.42%$800,0001.9K
67KOCOCA COLA COCOM0.38%$734,00013.6K
68TXNTEXAS INSTRS INCCOM0.37%$712,0003.7K
69ROKROCKWELL AUTOMATION INCCOM0.36%$690,0002.4K
70BMYBRISTOL-MYERS SQUIBB COCOM0.33%$627,0009.4K
71ABBVABBVIE INCCOM0.32%$608,0005.4K
72COPXGLOBAL X FDSGLOBAL X COPPER0.32%$606,00016.3K
73DUKDUKE ENERGY CORP NEWCOM NEW0.31%$600,0006.1K
74AXPAMERICAN EXPRESS COCOM0.31%$593,0003.6K
75MUMICRON TECHNOLOGY INCCOM0.29%$557,0006.5K
76KEYKEYCORPCOM0.29%$552,00026.7K
77CCITIGROUP INCCOM NEW0.29%$550,0007.8K
78GLDSPDR GOLD TRGOLD SHS0.28%$542,0003.3K
79ATKRATKORE INCCOM0.27%$519,0007.3K
80DDDUPONT DE NEMOURS INCCOM0.26%$492,0006.4K
81EMEEMCOR GROUP INCCOM0.25%$487,0004.0K
82WFCWELLS FARGO CO NEWCOM0.25%$481,00010.6K
83MPCMARATHON PETE CORPCOM0.24%$460,0007.6K
84GENERAL ELECTRIC COCOM0.22%$427,00031.7K
85DEDEERE & COCOM0.22%$416,0001.2K
86ORCLORACLE CORPCOM0.21%$405,0005.2K
87MRKMERCK & CO INCCOM0.21%$395,0005.1K
88QQQXNUVEEN NASDAQ 100 DYNAMIC OVCOM SHS0.20%$386,00013.1K
89DVNDEVON ENERGY CORP NEWCOM0.20%$382,00013.1K
90EMREMERSON ELEC COCOM0.20%$381,0004.0K
91PHMPULTE GROUP INCCOM0.19%$370,0006.8K
92YUMCYUM CHINA HLDGS INCCOM0.19%$359,0005.4K
93LOWLOWES COS INCCOM0.18%$348,0001.8K
94VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$348,0002.2K
95TROWPRICE T ROWE GROUP INCCOM0.18%$344,0001.7K
96BONANZA CREEK ENERGY INCCOM NEW0.18%$343,0007.3K
97AAALCOA CORPCOM0.17%$316,0008.6K
98COSTCOSTCO WHSL CORP NEWCOM0.16%$313,000790
99UNHUNITEDHEALTH GROUP INCCOM0.16%$300,000748
100WSMWILLIAMS SONOMA INCCOM0.16%$297,0001.9K

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 ↗.