SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Aspen Investment Management Inc

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

Reported Value
$191M
Q1 2022
Positions
143
Filings on Record
29
2019–present window
Filed
May 11, 2022
original filing

Summary

Aspen Investment Management Inc reported $191M in U.S.-listed holdings across 143 positions for Q1 2022.

Its largest position, IWM, represents 10.2% of the portfolio.

Compared with Q4 2021, the fund opened 13 new positions and exited 10.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+42.5%
share of reported value
Largest Position
+10.2%
Ishares Tr
New / Exited
13 / 10
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
Q1 ’19: $143MQ1 ’19Q2 ’19: $152MQ3 ’19: $150MQ4 ’19: $160MQ1 ’20: $115MQ1 ’20Q2 ’20: $140MQ3 ’20: $150MQ4 ’20: $169MQ2 ’21: $191MQ2 ’21Q4 ’21: $203MQ1 ’22: $191MQ2 ’22: $160MQ3 ’22: $150MQ3 ’22Q4 ’22: $153MQ1 ’23: $156MQ2 ’23: $168MQ3 ’23: $165MQ3 ’23Q4 ’23: $179MQ1 ’24: $197MQ2 ’24: $200MQ3 ’24: $214MQ3 ’24Q4 ’24: $215MQ1 ’25: $217MQ2 ’25: $238MQ3 ’25: $259MQ3 ’25Q4 ’25: $332MQ1 ’26: $327Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 52.0%ETP: 43.9%Other: 3.6%Closed-End Fund: 0.5%
  • Common Stock · 52.0% · $99M
  • ETP · 43.9% · $84M
  • Other · 3.6% · $7M
  • Closed-End Fund · 0.5% · $991,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSNTYSON FOODS INCNEW+5.1K5.1K+$453,000$453,000
IGIBISHARES TRNEW+8.0K8.0K+$441,000$441,000
XLESELECT SECTOR SPDR TRNEW+5.2K5.2K+$394,000$394,000
CAGCONAGRA BRANDS INCNEW+9.8K9.8K+$331,000$331,000
MPCMARATHON PETE CORPNEW+3.8K3.8K+$323,000$323,000
APAAPA CORPORATIONNEW+7.5K7.5K+$311,000$311,000
BKRBAKER HUGHES COMPANYNEW+8.5K8.5K+$308,000$308,000
XMESPDR SER TRNEW+4.8K4.8K+$292,000$292,000

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

Holdings — Q1 2022

107 positions (from 143 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · ISHS 1-5YR INVS · CORE MSCI EAFE · CORE S&P500 ETF · SELECT DIVID ETF · MSCI EAFE ETF · RUS 1000 ETF · ISHS 5-10YR INVT · S&P 100 ETF · RUS MID CAP ETF · INTL SEL DIV ETF10.16%$19M196.0K
2INVESCO EXCH TRD SLF IDX FDBULSHS 2023 CB · BULSHS 2024 CB · BULSHS 2022 CB · BULSHS 2025 CB · BULSHS 2022 HY · BULSHS 2023 HY7.53%$14M675.0K
3SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.91%$9M20.7K
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 ETF · US DIVIDEND EQ3.75%$7M166.1K
5MSFTMICROSOFT CORPhistory →COM3.70%$7M22.9K
6FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY · DORSEY WRT 5 ETF2.90%$6M125.2K
7VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF2.76%$5M41.1K
8FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF2.61%$5M261.9K
9RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT2.08%$4M25.1K
10AAPLAPPLE INChistory →COM2.07%$4M22.6K
11XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · SBI MATERIALS · TECHNOLOGY · FINANCIAL · ENERGY · SBI INT-INDS1.70%$3M36.8K
12SPYDSPDR SER TRPRTFLO S&P500 HI · BLOOMBERG INVT · S&P METALS MNG1.68%$3M77.5K
13JPMJPMORGAN CHASE & COhistory →COM1.67%$3M23.3K
14JNJJOHNSON & JOHNSONhistory →COM1.63%$3M17.6K
15HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.56%$3M31.0K
16BCIABRDN ETFShistory →BBRG ALL COMD K11.56%$3M103.8K
17AMZNAMAZON COM INChistory →COM1.53%$3M893
18DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.32%$3M72.9K
19CSXCSX CORPhistory →COM1.29%$2M65.9K
20GSGOLDMAN SACHS GROUP INChistory →COM1.29%$2M7.4K
21WMTWALMART INChistory →COM1.27%$2M16.2K
22PEPPEPSICO INChistory →COM1.21%$2M13.8K
23HDHOME DEPOT INChistory →COM1.20%$2M7.6K
24GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.10%$2M751
25CVXCHEVRON CORP NEWhistory →COM1.05%$2M12.3K
26RVTYPERKINELMER INChistory →COM1.04%$2M11.4K
27BACBK OF AMERICA CORPCOM0.92%$2M42.6K
28SCHWSCHWAB CHARLES CORPCOM0.89%$2M20.1K
29PYPLPAYPAL HLDGS INCCOM0.86%$2M14.3K
30COSTCOSTCO WHSL CORP NEWCOM0.85%$2M2.8K
31FITBFIFTH THIRD BANCORPCOM0.85%$2M37.6K
32VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.84%$2M34.7K
33EWEDWARDS LIFESCIENCES CORPCOM0.81%$2M13.2K
34VVISA INCCOM CL A0.79%$2M6.8K
35AMGNAMGEN INCCOM0.79%$1M6.2K
36ICEINTERCONTINENTAL EXCHANGE INCOM0.78%$1M11.2K
37NEENEXTERA ENERGY INCCOM0.74%$1M16.6K
38WMWASTE MGMT INC DELCOM0.71%$1M8.5K
39ITWILLINOIS TOOL WKS INCCOM0.71%$1M6.4K
40PGPROCTER AND GAMBLE COCOM0.70%$1M8.8K
41CSCOCISCO SYS INCCOM0.70%$1M24.1K
42EXMOCEXXON MOBIL CORPCOM0.69%$1M15.9K
43ABTABBOTT LABSCOM0.68%$1M11.0K
44ADPAUTOMATIC DATA PROCESSING INCOM0.67%$1M5.7K
45MDLZMONDELEZ INTL INCCL A0.66%$1M20.0K
46INTCINTEL CORPCOM0.66%$1M25.3K
47MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.63%$1M2.4K
48UNITI GROUP INCCOM0.60%$1M83.1K
49LMTLOCKHEED MARTIN CORPCOM0.59%$1M2.6K
50IEMGISHARES INCCORE MSCI EMKT · MSCI EMRG CHN0.59%$1M20.1K
51SYKSTRYKER CORPORATIONCOM0.59%$1M4.2K
52PFEPFIZER INCCOM0.58%$1M21.5K
53KOCOCA COLA COCOM0.58%$1M17.8K
54JCIJOHNSON CTLS INTL PLCSHS0.57%$1M16.5K
55TGTTARGET CORPCOM0.56%$1M5.1K
56METAMETA PLATFORMS INCCL A0.55%$1M4.7K
57BMYBRISTOL-MYERS SQUIBB COCOM0.54%$1M14.2K
58FICOFAIR ISAAC CORPCOM0.53%$1M2.2K
59QQQXNUVEEN NASDAQ 100 DYNAMIC OVCOM SHS0.52%$991,00034.9K
60HBANHUNTINGTON BANCSHARES INCCOM0.52%$990,00067.7K
61VZVERIZON COMMUNICATIONS INCCOM0.51%$969,00019.0K
62DISDISNEY WALT COCOM0.48%$906,0006.6K
63ABBVABBVIE INCCOM0.47%$891,0005.5K
64TMOTHERMO FISHER SCIENTIFIC INCCOM0.46%$886,0001.5K
65CATCATERPILLAR INCCOM0.46%$875,0003.9K
66TTTRANE TECHNOLOGIES PLCSHS0.45%$860,0005.6K
67AMATAPPLIED MATLS INCCOM0.42%$795,0006.0K
68MDTMEDTRONIC PLCSHS0.41%$790,0007.1K
69WDAYWORKDAY INCCL A0.39%$748,0003.1K
70AAALCOA CORPCOM0.38%$720,0008.0K
71UNHUNITEDHEALTH GROUP INCCOM0.37%$710,0001.4K
72TXNTEXAS INSTRS INCCOM0.37%$708,0003.9K
73COPCONOCOPHILLIPSCOM0.37%$702,0007.0K
74DUKDUKE ENERGY CORP NEWCOM NEW0.36%$683,0006.1K
75CVSCVS HEALTH CORPCOM0.36%$678,0006.7K
76ETDETHAN ALLEN INTERIORS INCCOM0.34%$652,00025.0K
77AXPAMERICAN EXPRESS COCOM0.32%$615,0003.3K
78DOCUDOCUSIGN INCCOM0.29%$553,0005.2K
79WMBWILLIAMS COS INCCOM0.27%$513,00015.4K
80WFCWELLS FARGO CO NEWCOM0.26%$494,00010.2K
81DEDEERE & COCOM0.24%$467,0001.1K
82TSNTYSON FOODS INCCL A0.24%$453,0005.1K
83LOWLOWES COS INCCOM0.24%$450,0002.2K
84THCTENET HEALTHCARE CORPCOM NEW0.23%$439,0005.1K
85ORCLORACLE CORPCOM0.23%$430,0005.2K
86MRKMERCK & CO INCCOM0.20%$389,0004.7K
87CCITIGROUP INCCOM NEW0.20%$386,0007.2K
88VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.19%$358,0002.2K
89NVDANVIDIA CORPORATIONCOM0.18%$334,0001.2K
90CAGCONAGRA BRANDS INCCOM0.17%$331,0009.8K
91PAYXPAYCHEX INCCOM0.17%$328,0002.4K
92MPCMARATHON PETE CORPCOM0.17%$323,0003.8K
93APAAPA CORPORATIONCOM0.16%$311,0007.5K
94BKRBAKER HUGHES COMPANYCL A0.16%$308,0008.5K
95ADMARCHER DANIELS MIDLAND COCOM0.15%$290,0003.2K
96TRVTRAVELERS COMPANIES INCCOM0.15%$278,0001.5K
97DTEDTE ENERGY COCOM0.14%$276,0002.1K
98MOALTRIA GROUP INCCOM0.14%$266,0005.1K
99GENERAL ELECTRIC COCOM NEW0.13%$252,0002.8K
100IBMINTERNATIONAL BUSINESS MACHSCOM0.13%$249,0001.9K

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 ↗

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 ↗.