SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Aspen Investment Management Inc

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

Reported Value
$200M
Q2 2024
Positions
148
Filings on Record
30
2019–present window
Filed
Jul 26, 2024
original filing

Summary

Aspen Investment Management Inc reported $200M in U.S.-listed holdings across 148 positions for Q2 2024.

Its largest position, IWM, represents 14.1% of the portfolio.

Compared with Q1 2024, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+6.0%
vs prior filed quarter
Top-10 Concentration
+47.7%
share of reported value
Largest Position
+14.1%
Ishares Tr
New / Exited
6 / 11
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
ETP: 50.5%Common Stock: 49.2%REIT: 0.1%Closed-End Fund: 0.1%
  • ETP · 50.5% · $101M
  • Common Stock · 49.2% · $99M
  • REIT · 0.1% · $292,000
  • Closed-End Fund · 0.1% · $204,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLUSELECT SECTOR SPDR TRNEW+19.7K19.7K+$1M$1M
ALLYALLY FINL INCNEW+11.1K11.1K+$441,000$441,000
CIBRFIRST TR EXCHANGE TRADED FDNEW+6.9K6.9K+$389,000$389,000
QQQXNUVEEN NASDAQ 100 DYNAMIC OVNEW+8.2K8.2K+$204,000$204,000
RTXRTX CORPORATIONNEW+2.0K2.0K+$201,000$201,000
GLWCORNING INCNEW+5.1K5.1K+$200,000$200,000
NVDANVIDIA CORPORATIONADDED+5.8K6.7K+$21,000$825,000
GLDSPDR GOLD TRADDED+8.7K11.1K+$2M$2M

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

Holdings — Q2 2024

114 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · ISHS 5-10YR INVT · CORE MSCI EAFE · ISHS 1-5YR INVS · CORE S&P500 ETF · MSCI EAFE ETF · RUS 1000 ETF · CALIF MUN BD ETF · S&P 100 ETF · CORE S&P MCP ETF · RUS 1000 GRW ETF · RUS MID CAP ETF14.09%$28M343.2K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT8.89%$18M32.7K
3RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT4.21%$8M51.4K
4MSFTMICROSOFT CORPhistory →COM4.21%$8M18.9K
5BSCRINVESCO EXCH TRD SLF IDX FDBULSHS 2027 CB · INVSCO BLSH 28 · BULSHS 2026 CB · BULSHS 2025 CB4.10%$8M418.2K
6SCHASCHWAB STRATEGIC TRUS SML CAP ETF · US LRG CAP ETF · INTL EQTY ETF · INTL SCEQT ETF · EMRG MKTEQ ETF · US MID-CAP ETF · US DIVIDEND EQ · US LCAP GR ETF · US LCAP VA ETF3.82%$8M161.5K
7XLISELECT SECTOR SPDR TRINDL · SBI INT-UTILS · SBI MATERIALS · TECHNOLOGY · ENERGY · SBI HEALTHCARE · FINANCIAL2.62%$5M57.1K
8FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY · NASDAQ CYB ETF2.04%$4M92.7K
9FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF1.88%$4M216.7K
10JPMJPMORGAN CHASE & CO.history →COM1.83%$4M18.1K
11AAPLAPPLE INChistory →COM1.82%$4M17.3K
12VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF1.68%$3M28.9K
13GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.64%$3M18.1K
14AMZNAMAZON COM INChistory →COM1.53%$3M15.9K
15SPYGSPDR SER TRhistory →PRTFLO S&P500 GW1.49%$3M37.2K
16WMTWALMART INChistory →COM1.49%$3M44.1K
17GSGOLDMAN SACHS GROUP INChistory →COM1.36%$3M6.0K
18DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.28%$3M74.7K
19HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.24%$2M26.9K
20GLDSPDR GOLD TRhistory →GOLD SHS1.19%$2M11.1K
21PEPPEPSICO INChistory →COM1.16%$2M14.1K
22FICOFAIR ISAAC CORPhistory →COM1.09%$2M1.5K
23HDHOME DEPOT INChistory →COM1.08%$2M6.3K
24CSXCSX CORPhistory →COM1.03%$2M61.7K
25VVISA INCCOM CL A0.91%$2M7.0K
26WMWASTE MGMT INC DELCOM0.89%$2M8.4K
27JNJJOHNSON & JOHNSONCOM0.89%$2M12.2K
28TTTRANE TECHNOLOGIES PLCSHS0.87%$2M5.3K
29AMGNAMGEN INCCOM0.86%$2M5.5K
30ICEINTERCONTINENTAL EXCHANGE INCOM0.86%$2M12.6K
31EXMOCEXXON MOBIL CORPCOM0.82%$2M14.2K
32CVXCHEVRON CORP NEWCOM0.80%$2M10.2K
33SCHWSCHWAB CHARLES CORPCOM0.79%$2M21.6K
34SYKSTRYKER CORPORATIONCOM0.75%$1M4.4K
35ITWILLINOIS TOOL WKS INCCOM0.74%$1M6.3K
36HBANHUNTINGTON BANCSHARES INCCOM0.70%$1M106.5K
37BACBANK AMERICA CORPCOM0.69%$1M34.9K
38ADPAUTOMATIC DATA PROCESSING INCOM0.62%$1M5.2K
39PGPROCTER AND GAMBLE COCOM0.62%$1M7.5K
40CRWDCROWDSTRIKE HLDGS INCCL A0.57%$1M3.0K
41MRKMERCK & CO INCCOM0.55%$1M9.0K
42NEENEXTERA ENERGY INCCOM0.53%$1M15.0K
43METAMETA PLATFORMS INCCL A0.52%$1M2.1K
44MDLZMONDELEZ INTL INCCL A0.51%$1M15.7K
45CATCATERPILLAR INCCOM0.51%$1M3.1K
46JCIJOHNSON CTLS INTL PLCSHS0.51%$1M15.3K
47LLYELI LILLY & COCOM0.50%$1M1.1K
48EWEDWARDS LIFESCIENCES CORPCOM0.50%$1M10.9K
49IBMINTERNATIONAL BUSINESS MACHSCOM0.50%$1M5.8K
50CSCOCISCO SYS INCCOM0.49%$988,00020.8K
51ETNEATON CORP PLCSHS0.48%$968,0003.1K
52ONTOONTO INNOVATION INCCOM0.48%$965,0004.4K
53VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.47%$937,00021.4K
54LMTLOCKHEED MARTIN CORPCOM0.46%$922,0002.0K
55BCIABRDN ETFSBBRG ALL COMD K10.45%$894,00044.0K
56ABBVABBVIE INCCOM0.44%$872,0005.1K
57WMBWILLIAMS COS INCCOM0.42%$847,00019.9K
58IEMGISHARES INCCORE MSCI EMKT0.41%$830,00015.5K
59TMOTHERMO FISHER SCIENTIFIC INCCOM0.41%$830,0001.5K
60NVDANVIDIA CORPORATIONCOM0.41%$825,0006.7K
61ABTABBOTT LABSCOM0.41%$818,0007.9K
62PYPLPAYPAL HLDGS INCCOM0.39%$781,00013.5K
63AXPAMERICAN EXPRESS COCOM0.38%$768,0003.3K
64QCOMQUALCOMM INCCOM0.38%$767,0003.9K
65MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.38%$765,0001.4K
66TXNTEXAS INSTRS INCCOM0.36%$719,0003.7K
67BNYBANK NEW YORK MELLON CORPCOM0.35%$692,00011.6K
68AMATAPPLIED MATLS INCCOM0.34%$677,0002.9K
69INTCINTEL CORPCOM0.32%$635,00020.5K
70KOCOCA COLA COCOM0.32%$635,00010.0K
71ETDETHAN ALLEN INTERIORS INCCOM0.31%$618,00022.1K
72OCOWENS CORNING NEWCOM0.30%$595,0003.4K
73COPCONOCOPHILLIPSCOM0.30%$593,0005.2K
74WFCWELLS FARGO CO NEWCOM0.28%$563,0009.5K
75ELVELEVANCE HEALTH INCCOM0.27%$544,0001.0K
76DUKDUKE ENERGY CORP NEWCOM NEW0.25%$507,0005.1K
77METMETLIFE INCCOM0.25%$506,0007.2K
78PFEPFIZER INCCOM0.24%$484,00017.3K
79BSXBOSTON SCIENTIFIC CORPCOM0.24%$483,0006.3K
80MPCMARATHON PETE CORPCOM0.23%$464,0002.7K
81ALLYALLY FINL INCCOM0.22%$441,00011.1K
82MARMARRIOTT INTL INC NEWCL A0.22%$440,0001.8K
83ORCLORACLE CORPCOM0.22%$434,0003.1K
84WDAYWORKDAY INCCL A0.18%$369,0001.6K
85DEDEERE & COCOM0.18%$359,000960
86VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$354,0001.9K
87PINSPINTEREST INCCL A0.17%$348,0007.9K
88MDTMEDTRONIC PLCSHS0.17%$347,0004.4K
89BMYBRISTOL-MYERS SQUIBB COCOM0.17%$347,0008.4K
90GE AEROSPACECOM NEW0.17%$347,0002.2K
91UNHUNITEDHEALTH GROUP INCCOM0.17%$335,000658
92COSTCOSTCO WHSL CORP NEWCOM0.17%$334,000393
93AIGAMERICAN INTL GROUP INCCOM NEW0.16%$322,0004.3K
94DISDISNEY WALT COCOM0.16%$320,0003.2K
95PWRQUANTA SVCS INCCOM0.16%$319,0001.3K
96TRVTRAVELERS COMPANIES INCCOM0.15%$309,0001.5K
97MNSTMONSTER BEVERAGE CORP NEWCOM0.15%$305,0006.1K
98MRVLMARVELL TECHNOLOGY INCCOM0.15%$301,0004.3K
99IRMIRON MTN INC DELCOM0.15%$292,0003.3K
100MCDMCDONALDS CORPCOM0.14%$272,0001.1K

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 ↗.