SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Aspen Investment Management Inc

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

Reported Value
$197M
Q1 2024
Positions
153
Filings on Record
29
2019–present window
Filed
Apr 26, 2024
original filing

Summary

Aspen Investment Management Inc reported $197M in U.S.-listed holdings across 153 positions for Q1 2024.

Its largest position, IWM, represents 13.9% of the portfolio.

Compared with Q4 2023, the fund opened 20 new positions and exited 6.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+45.6%
share of reported value
Largest Position
+13.9%
Ishares Tr
New / Exited
20 / 6
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: 51.7%ETP: 48.0%ADR: 0.1%REIT: 0.1%
  • Common Stock · 51.7% · $102M
  • ETP · 48.0% · $95M
  • ADR · 0.1% · $257,000
  • REIT · 0.1% · $249,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QCOMQUALCOMM INCNEW+5.3K5.3K+$903,000$903,000
NVDANVIDIA CORPORATIONNEW+890890+$804,000$804,000
FTNTFORTINET INCNEW+11.4K11.4K+$777,000$777,000
BCCBOISE CASCADE CO DELNEW+4.1K4.1K+$626,000$626,000
METMETLIFE INCNEW+7.2K7.2K+$535,000$535,000
CRMSALESFORCE INCNEW+1.6K1.6K+$483,000$483,000
TRI POINTE HOMES INCNEW+10.6K10.6K+$411,000$411,000
CMFISHARES TRNEW+7.0K7.0K+$401,000$401,000

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

Holdings — Q1 2024

120 positions (from 153 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · CORE MSCI EAFE · ISHS 5-10YR INVT · ISHS 1-5YR INVS · CORE S&P500 ETF · MSCI EAFE ETF · RUS 1000 ETF · S&P 100 ETF · CALIF MUN BD ETF · CORE S&P MCP ETF · RUS MID CAP ETF · RUS 1000 GRW ETF13.93%$27M325.3K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT8.18%$16M30.8K
3BSCRINVESCO EXCH TRD SLF IDX FDBULSHS 2027 CB · INVSCO BLSH 28 · BULSHS 2026 CB · BULSHS 2025 CB4.22%$8M422.1K
4MSFTMICROSOFT CORPhistory →COM4.00%$8M18.7K
5RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT3.92%$8M45.5K
6SCHASCHWAB STRATEGIC TRUS SML CAP ETF · INTL EQTY ETF · US LRG CAP ETF · INTL SCEQT ETF · US MID-CAP ETF · EMRG MKTEQ ETF · US DIVIDEND EQ · US LCAP VA ETF · US LCAP GR ETF3.83%$8M159.6K
7FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY1.98%$4M90.0K
8FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF1.89%$4M214.9K
9JPMJPMORGAN CHASE & COhistory →COM1.88%$4M18.4K
10VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF1.80%$4M29.6K
11SPYGSPDR SER TRPRTFLO S&P500 GW · S&P BK ETF1.72%$3M51.7K
12AAPLAPPLE INChistory →COM1.64%$3M18.8K
13XLISELECT SECTOR SPDR TRINDL · SBI MATERIALS · TECHNOLOGY · ENERGY · SBI HEALTHCARE · FINANCIAL1.58%$3M30.1K
14AMZNAMAZON COM INChistory →COM1.48%$3M16.1K
15DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.36%$3M74.9K
16WMTWALMART INChistory →COM1.33%$3M43.6K
17HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.31%$3M27.5K
18GSGOLDMAN SACHS GROUP INChistory →COM1.28%$3M6.0K
19PEPPEPSICO INChistory →COM1.25%$2M14.0K
20HDHOME DEPOT INChistory →COM1.22%$2M6.3K
21CSXCSX CORPhistory →COM1.18%$2M62.8K
22GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.04%$2M13.5K
23JNJJOHNSON & JOHNSONhistory →COM1.03%$2M12.8K
24FICOFAIR ISAAC CORPCOM0.98%$2M1.5K
25VVISA INCCOM CL A0.95%$2M6.7K
26WMWASTE MGMT INC DELCOM0.90%$2M8.3K
27ICEINTERCONTINENTAL EXCHANGE INCOM0.87%$2M12.5K
28EXMOCEXXON MOBIL CORPCOM0.84%$2M14.2K
29ITWILLINOIS TOOL WKS INCCOM0.84%$2M6.1K
30IBMINTERNATIONAL BUSINESS MACHSCOM0.83%$2M8.5K
31CVXCHEVRON CORP NEWCOM0.82%$2M10.2K
32AMGNAMGEN INCCOM0.80%$2M5.6K
33TTTRANE TECHNOLOGIES PLCSHS0.80%$2M5.3K
34SYKSTRYKER CORPORATIONCOM0.79%$2M4.4K
35SCHWSCHWAB CHARLES CORPCOM0.78%$2M21.2K
36BACBANK AMERICA CORPCOM0.68%$1M35.6K
37HBANHUNTINGTON BANCSHARES INCCOM0.66%$1M92.8K
38ADPAUTOMATIC DATA PROCESSING INCOM0.66%$1M5.2K
39INTCINTEL CORPCOM0.61%$1M27.1K
40CATCATERPILLAR INCCOM0.60%$1M3.2K
41ABTABBOTT LABSCOM0.60%$1M10.4K
42PGPROCTER AND GAMBLE COCOM0.60%$1M7.3K
43MDLZMONDELEZ INTL INCCL A0.56%$1M15.8K
44CSCOCISCO SYS INCCOM0.55%$1M21.6K
45MRKMERCK & CO INCCOM0.54%$1M8.0K
46EWEDWARDS LIFESCIENCES CORPCOM0.52%$1M10.7K
47JCIJOHNSON CTLS INTL PLCSHS0.51%$1M15.5K
48CRWDCROWDSTRIKE HLDGS INCCL A0.49%$971,0003.0K
49NEENEXTERA ENERGY INCCOM0.49%$958,00015.0K
50AMDADVANCED MICRO DEVICES INCCOM0.49%$957,0005.3K
51ETNEATON CORP PLCSHS0.48%$946,0003.0K
52ABBVABBVIE INCCOM0.47%$935,0005.1K
53LMTLOCKHEED MARTIN CORPCOM0.47%$921,0002.0K
54QCOMQUALCOMM INCCOM0.46%$903,0005.3K
55BCIABRDN ETFSBBRG ALL COMD K10.46%$900,00045.5K
56VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.46%$900,00021.6K
57PYPLPAYPAL HLDGS INCCOM0.46%$898,00013.4K
58TMOTHERMO FISHER SCIENTIFIC INCCOM0.44%$872,0001.5K
59LLYELI LILLY & COCOM0.44%$857,0001.1K
60IEMGISHARES INCCORE MSCI EMKT0.42%$830,00016.1K
61NVDANVIDIA CORPORATIONCOM0.41%$804,000890
62ONTOONTO INNOVATION INCCOM0.41%$800,0004.4K
63MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.40%$796,0001.4K
64ETDETHAN ALLEN INTERIORS INCCOM0.40%$783,00022.6K
65FTNTFORTINET INCCOM0.39%$777,00011.4K
66AXPAMERICAN EXPRESS COCOM0.39%$764,0003.4K
67WMBWILLIAMS COS INCCOM0.38%$757,00019.4K
68TXNTEXAS INSTRS INCCOM0.33%$657,0003.8K
69COPCONOCOPHILLIPSCOM0.33%$648,0005.1K
70SHOPSHOPIFY INCCL A0.32%$629,0008.2K
71METAMETA PLATFORMS INCCL A0.32%$626,0001.3K
72BCCBOISE CASCADE CO DELCOM0.32%$626,0004.1K
73KOCOCA COLA COCOM0.31%$614,00010.0K
74WRBBERKLEY W R CORPCOM0.31%$607,0006.9K
75AMATAPPLIED MATLS INCCOM0.30%$598,0002.9K
76OCOWENS CORNING NEWCOM0.29%$575,0003.4K
77WFCWELLS FARGO CO NEWCOM0.28%$555,0009.6K
78PINSPINTEREST INCCL A0.27%$536,00015.5K
79METMETLIFE INCCOM0.27%$535,0007.2K
80DUKDUKE ENERGY CORP NEWCOM NEW0.26%$506,0005.2K
81GLDSPDR GOLD TRGOLD SHS0.26%$503,0002.4K
82PFEPFIZER INCCOM0.25%$500,00018.0K
83ELVELEVANCE HEALTH INCCOM0.25%$499,000962
84CRMSALESFORCE INCCOM0.25%$483,0001.6K
85BNYBANK NEW YORK MELLON CORPCOM0.24%$471,0008.2K
86MPCMARATHON PETE CORPCOM0.24%$464,0002.3K
87BMYBRISTOL-MYERS SQUIBB COCOM0.23%$459,0008.5K
88MARMARRIOTT INTL INC NEWCL A0.23%$456,0001.8K
89WDAYWORKDAY INCCL A0.22%$436,0001.6K
90DISDISNEY WALT COCOM0.21%$419,0003.4K
91DEDEERE & COCOM0.21%$415,0001.0K
92TRI POINTE HOMES INCCOM0.21%$411,00010.6K
93MDTMEDTRONIC PLCSHS0.21%$405,0004.6K
94GENERAL ELECTRIC COCOM NEW0.20%$396,0002.3K
95ORCLORACLE CORPCOM0.20%$386,0003.1K
96BSXBOSTON SCIENTIFIC CORPCOM0.19%$378,0005.5K
97MNSTMONSTER BEVERAGE CORP NEWCOM0.18%$363,0006.1K
98VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$354,0001.9K
99TRVTRAVELERS COMPANIES INCCOM0.18%$350,0001.5K
100UNHUNITEDHEALTH GROUP INCCOM0.17%$326,000658

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 ↗.