SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Aspen Investment Management Inc

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

Reported Value
$160M
Q2 2022
Positions
137
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Aspen Investment Management Inc reported $160M in U.S.-listed holdings across 137 positions for Q2 2022.

Its largest position, IWM, represents 10.7% of the portfolio.

Compared with Q1 2022, the fund opened 9 new positions and exited 15.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+45.5%
share of reported value
Largest Position
+10.7%
Ishares Tr
New / Exited
9 / 15
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: 49.2%ETP: 46.4%Other: 4.3%Closed-End Fund: 0.1%
  • Common Stock · 49.2% · $79M
  • ETP · 46.4% · $74M
  • Other · 4.3% · $7M
  • Closed-End Fund · 0.1% · $211,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLUSELECT SECTOR SPDR TRNEW+19.5K19.5K+$1M$1M
DLTRDOLLAR TREE INCNEW+3.7K3.7K+$582,000$582,000
FANGDIAMONDBACK ENERGY INCNEW+4.4K4.4K+$531,000$531,000
KELKELLOGG CONEW+7.1K7.1K+$507,000$507,000
PSXPHILLIPS 66NEW+5.8K5.8K+$477,000$477,000
OXYOCCIDENTAL PETE CORPNEW+8.1K8.1K+$475,000$475,000
GISGENERAL MLS INCNEW+4.9K4.9K+$368,000$368,000
MNSTMONSTER BEVERAGE CORP NEWNEW+3.7K3.7K+$342,000$342,000

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

Holdings — Q2 2022

105 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · ISHS 1-5YR INVS · CORE MSCI EAFE · SELECT DIVID ETF · CORE S&P500 ETF · MSCI EAFE ETF · RUS 1000 ETF · ISHS 5-10YR INVT · S&P 100 ETF10.67%$17M192.4K
2INVESCO EXCH TRD SLF IDX FDBULSHS 2023 CB · BULSHS 2024 CB · BULSHS 2022 CB · BULSHS 2025 CB · BULSHS 2022 HY · BULSHS 2023 HY9.44%$15M719.0K
3SPYSPDR S&P 500 ETF TRhistory →TR UNIT4.87%$8M20.6K
4SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US SML CAP ETF · US LRG CAP ETF · INTL SCEQT ETF · EMRG MKTEQ ETF · US MID-CAP ETF · US DIVIDEND EQ · US LCAP GR ETF3.74%$6M164.8K
5FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY3.60%$6M138.3K
6MSFTMICROSOFT CORPhistory →COM3.23%$5M20.1K
7VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF2.75%$4M41.0K
8FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF2.72%$4M252.6K
9XLUSELECT SECTOR SPDR TRSBI INT-UTILS · SBI HEALTHCARE · SBI MATERIALS · ENERGY · TECHNOLOGY · FINANCIAL2.55%$4M55.0K
10SPYDSPDR SER TRPRTFLO S&P500 HI · BLOOMBERG INVT · S&P METALS MNG1.97%$3M83.5K
11JNJJOHNSON & JOHNSONhistory →COM1.95%$3M17.6K
12BCIABRDN ETFShistory →BBRG ALL COMD K11.81%$3M106.2K
13AAPLAPPLE INChistory →COM1.62%$3M19.0K
14HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.55%$2M28.0K
15PEPPEPSICO INChistory →COM1.44%$2M13.8K
16RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT1.43%$2M17.1K
17DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.40%$2M73.4K
18HDHOME DEPOT INChistory →COM1.30%$2M7.6K
19CSXCSX CORPhistory →COM1.20%$2M65.9K
20CVXCHEVRON CORP NEWhistory →COM1.16%$2M12.8K
21JPMJPMORGAN CHASE & COhistory →COM1.14%$2M16.1K
22GSGOLDMAN SACHS GROUP INChistory →COM1.11%$2M6.0K
23WMTWALMART INChistory →COM1.06%$2M14.0K
24AMGNAMGEN INCCOM0.94%$2M6.2K
25BMYBRISTOL-MYERS SQUIBB COCOM0.91%$1M18.8K
26EXMOCEXXON MOBIL CORPCOM0.85%$1M15.9K
27COSTCOSTCO WHSL CORP NEWCOM0.85%$1M2.8K
28VVISA INCCOM CL A0.84%$1M6.8K
29VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.83%$1M31.8K
30AMZNAMAZON COM INCCOM0.82%$1M12.3K
31WMWASTE MGMT INC DELCOM0.81%$1M8.5K
32NEENEXTERA ENERGY INCCOM0.81%$1M16.6K
33MDLZMONDELEZ INTL INCCL A0.78%$1M20.1K
34ABTABBOTT LABSCOM0.75%$1M11.0K
35EWEDWARDS LIFESCIENCES CORPCOM0.74%$1M12.5K
36ADPAUTOMATIC DATA PROCESSING INCOM0.74%$1M5.7K
37ITWILLINOIS TOOL WKS INCCOM0.73%$1M6.4K
38BACBK OF AMERICA CORPCOM0.72%$1M37.2K
39RVTYPERKINELMER INCCOM0.72%$1M8.1K
40KOCOCA COLA COCOM0.70%$1M17.8K
41PFEPFIZER INCCOM0.69%$1M21.0K
42LMTLOCKHEED MARTIN CORPCOM0.69%$1M2.6K
43PGPROCTER AND GAMBLE COCOM0.67%$1M7.4K
44ICEINTERCONTINENTAL EXCHANGE INCOM0.66%$1M11.2K
45GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.66%$1M483
46CSCOCISCO SYS INCCOM0.63%$1M23.5K
47PYPLPAYPAL HLDGS INCCOM0.62%$997,00014.3K
48VZVERIZON COMMUNICATIONS INCCOM0.60%$961,00018.9K
49INTCINTEL CORPCOM0.59%$944,00025.2K
50ABBVABBVIE INCCOM0.53%$842,0005.5K
51SYKSTRYKER CORPORATIONCOM0.51%$819,0004.1K
52TMOTHERMO FISHER SCIENTIFIC INCCOM0.51%$815,0001.5K
53IBMINTERNATIONAL BUSINESS MACHSCOM0.50%$804,0005.7K
54UNITI GROUP INCCOM0.49%$785,00083.3K
55IEMGISHARES INCCORE MSCI EMKT0.49%$784,00016.0K
56JCIJOHNSON CTLS INTL PLCSHS0.49%$783,00016.4K
57WMBWILLIAMS COS INCCOM0.48%$760,00024.3K
58HBANHUNTINGTON BANCSHARES INCCOM0.46%$737,00061.3K
59COPCONOCOPHILLIPSCOM0.46%$735,0008.2K
60UNHUNITEDHEALTH GROUP INCCOM0.45%$716,0001.4K
61CATCATERPILLAR INCCOM0.44%$702,0003.9K
62FICOFAIR ISAAC CORPCOM0.44%$696,0001.7K
63TTTRANE TECHNOLOGIES PLCSHS0.43%$686,0005.3K
64DUKDUKE ENERGY CORP NEWCOM NEW0.41%$656,0006.1K
65SCHWSCHWAB CHARLES CORPCOM0.40%$644,00010.2K
66MDTMEDTRONIC PLCSHS0.40%$639,0007.1K
67CVSCVS HEALTH CORPCOM0.39%$621,0006.7K
68TXNTEXAS INSTRS INCCOM0.37%$593,0003.9K
69DLTRDOLLAR TREE INCCOM0.36%$582,0003.7K
70DISDISNEY WALT COCOM0.34%$545,0005.8K
71CAGCONAGRA BRANDS INCCOM0.34%$537,00015.7K
72FANGDIAMONDBACK ENERGY INCCOM0.33%$531,0004.4K
73KELKELLOGG COCOM0.32%$507,0007.1K
74ETDETHAN ALLEN INTERIORS INCCOM0.32%$505,00025.0K
75TAPMOLSON COORS BEVERAGE COCL B0.31%$494,0009.1K
76PSXPHILLIPS 66COM0.30%$477,0005.8K
77OXYOCCIDENTAL PETE CORPCOM0.30%$475,0008.1K
78AXPAMERICAN EXPRESS COCOM0.28%$452,0003.3K
79MRKMERCK & CO INCCOM0.27%$434,0004.8K
80WFCWELLS FARGO CO NEWCOM0.25%$395,00010.1K
81BKRBAKER HUGHES COMPANYCL A0.24%$383,00013.3K
82GISGENERAL MLS INCCOM0.23%$368,0004.9K
83AAALCOA CORPCOM0.23%$364,0008.0K
84WDAYWORKDAY INCCL A0.23%$363,0002.6K
85ORCLORACLE CORPCOM0.22%$353,0005.0K
86MNSTMONSTER BEVERAGE CORP NEWCOM0.21%$342,0003.7K
87DEDEERE & COCOM0.21%$335,0001.1K
88MPCMARATHON PETE CORPCOM0.20%$322,0003.9K
89CCITIGROUP INCCOM NEW0.20%$318,0006.9K
90VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.20%$317,0002.2K
91METAMETA PLATFORMS INCCL A0.19%$311,0001.9K
92VLOVALERO ENERGY CORPCOM0.19%$311,0002.9K
93FITBFIFTH THIRD BANCORPCOM0.17%$274,0008.2K
94PAYXPAYCHEX INCCOM0.17%$273,0002.4K
95AMATAPPLIED MATLS INCCOM0.17%$272,0003.0K
96DTEDTE ENERGY COCOM0.17%$265,0002.1K
97APAAPA CORPORATIONCOM0.16%$263,0007.5K
98TRVTRAVELERS COMPANIES INCCOM0.16%$257,0001.5K
99ADMARCHER DANIELS MIDLAND COCOM0.16%$249,0003.2K
100CHRDOASIS PETROLEUM INCCOM NEW0.15%$244,0002.0K

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 ↗.