SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Aspen Investment Management Inc

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

Reported Value
$214M
Q3 2024
Positions
147
Filings on Record
30
2019–present window
Filed
Nov 8, 2024
original filing

Summary

Aspen Investment Management Inc reported $214M in U.S.-listed holdings across 147 positions for Q3 2024.

Its largest position, IWM, represents 14.8% of the portfolio.

Compared with Q2 2024, the fund opened 7 new positions and exited 8.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+48.8%
share of reported value
Largest Position
+14.8%
Ishares Tr
New / Exited
7 / 8
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: 52.5%Common Stock: 47.2%REIT: 0.2%Closed-End Fund: 0.1%
  • ETP · 52.5% · $113M
  • Common Stock · 47.2% · $101M
  • REIT · 0.2% · $479,000
  • Closed-End Fund · 0.1% · $205,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HPQHP INCNEW+18.3K18.3K+$658,000$658,000
GNRCGENERAC HLDGS INCNEW+4.0K4.0K+$639,000$639,000
CBCHUBB LIMITEDNEW+1.8K1.8K+$508,000$508,000
XLYSELECT SECTOR SPDR TRNEW+2.0K2.0K+$405,000$405,000
PHMPULTE GROUP INCNEW+2.4K2.4K+$350,000$350,000
XLPSELECT SECTOR SPDR TRNEW+3.7K3.7K+$308,000$308,000
TOPBUILD CORPNEW+605605+$246,000$246,000
CRWDCROWDSTRIKE HLDGS INCSOLD OUT−3.0K0−$1M$0

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

Holdings — Q3 2024

111 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 ETF14.79%$32M358.3K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT8.95%$19M33.4K
3RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT4.83%$10M57.8K
4BSCRINVESCO EXCH TRD SLF IDX FDBULSHS 2027 CB · INVSCO BLSH 28 · BULSHS 2026 CB · BULSHS 2025 CB3.90%$8M416.9K
5SCHASCHWAB 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 ETF3.85%$8M162.7K
6MSFTMICROSOFT CORPhistory →COM3.59%$8M17.9K
7XLISELECT SECTOR SPDR TRINDL · SBI INT-UTILS · SBI MATERIALS · TECHNOLOGY · SBI CONS DISCR · ENERGY · SBI HEALTHCARE · FINANCIAL · SBI CONS STPLS3.03%$6M63.0K
8VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF2.10%$5M36.4K
9AAPLAPPLE INChistory →COM1.87%$4M17.2K
10FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY · NASDAQ CYB ETF1.84%$4M88.7K
11FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF1.83%$4M217.2K
12JPMJPMORGAN CHASE & CO.history →COM1.79%$4M18.2K
13WMTWALMART INChistory →COM1.66%$4M44.1K
14SPYGSPDR SER TRhistory →PRTFLO S&P500 GW1.48%$3M38.3K
15AMZNAMAZON COM INChistory →COM1.39%$3M16.0K
16GSGOLDMAN SACHS GROUP INChistory →COM1.39%$3M6.0K
17FICOFAIR ISAAC CORPhistory →COM1.30%$3M1.4K
18DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.29%$3M73.5K
19GLDSPDR GOLD TRhistory →GOLD SHS1.27%$3M11.2K
20HDHOME DEPOT INChistory →COM1.18%$3M6.2K
21HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.18%$3M26.4K
22GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.17%$3M15.0K
23PEPPEPSICO INChistory →COM1.11%$2M14.1K
24CSXCSX CORPCOM0.99%$2M61.7K
25TTTRANE TECHNOLOGIES PLCSHS0.96%$2M5.3K
26ICEINTERCONTINENTAL EXCHANGE INCOM0.94%$2M12.6K
27JNJJOHNSON & JOHNSONCOM0.92%$2M12.1K
28VVISA INCCOM CL A0.91%$2M7.1K
29AMGNAMGEN INCCOM0.83%$2M5.6K
30WMWASTE MGMT INC DELCOM0.81%$2M8.4K
31EXMOCEXXON MOBIL CORPCOM0.77%$2M14.1K
32ITWILLINOIS TOOL WKS INCCOM0.76%$2M6.2K
33SYKSTRYKER CORPORATIONCOM0.76%$2M4.5K
34HBANHUNTINGTON BANCSHARES INCCOM0.75%$2M110.0K
35CVXCHEVRON CORP NEWCOM0.70%$1M10.2K
36ADPAUTOMATIC DATA PROCESSING INCOM0.67%$1M5.2K
37BACBANK AMERICA CORPCOM0.64%$1M34.4K
38MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.61%$1M2.3K
39IBMINTERNATIONAL BUSINESS MACHSCOM0.60%$1M5.8K
40PGPROCTER AND GAMBLE COCOM0.60%$1M7.4K
41NEENEXTERA ENERGY INCCOM0.59%$1M15.0K
42CATCATERPILLAR INCCOM0.56%$1M3.1K
43JCIJOHNSON CTLS INTL PLCSHS0.55%$1M15.3K
44MDLZMONDELEZ INTL INCCL A0.54%$1M15.8K
45LMTLOCKHEED MARTIN CORPCOM0.54%$1M2.0K
46CSCOCISCO SYS INCCOM0.50%$1M20.1K
47PYPLPAYPAL HLDGS INCCOM0.49%$1M13.5K
48LLYELI LILLY & COCOM0.49%$1M1.2K
49MRKMERCK & CO INCCOM0.48%$1M9.1K
50VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.48%$1M21.4K
51ETNEATON CORP PLCSHS0.48%$1M3.1K
52ABBVABBVIE INCCOM0.47%$1M5.1K
53SCHWSCHWAB CHARLES CORPCOM0.43%$931,00014.4K
54TMOTHERMO FISHER SCIENTIFIC INCCOM0.43%$928,0001.5K
55WMBWILLIAMS COS INCCOM0.43%$917,00020.1K
56ABTABBOTT LABSCOM0.42%$904,0007.9K
57AXPAMERICAN EXPRESS COCOM0.42%$899,0003.3K
58NVDANVIDIA CORPORATIONCOM0.41%$886,0007.3K
59IEMGISHARES INCCORE MSCI EMKT0.41%$872,00015.2K
60BCIABRDN ETFSBBRG ALL COMD K10.39%$844,00041.3K
61BNYBANK NEW YORK MELLON CORPCOM0.39%$833,00011.6K
62METAMETA PLATFORMS INCCL A0.38%$821,0001.4K
63TXNTEXAS INSTRS INCCOM0.36%$764,0003.7K
64EWEDWARDS LIFESCIENCES CORPCOM0.33%$718,00010.9K
65KOCOCA COLA COCOM0.33%$697,0009.7K
66ETDETHAN ALLEN INTERIORS INCCOM0.32%$679,00021.3K
67HPQHP INCCOM0.31%$658,00018.3K
68GNRCGENERAC HLDGS INCCOM0.30%$639,0004.0K
69BSXBOSTON SCIENTIFIC CORPCOM0.28%$601,0007.2K
70METMETLIFE INCCOM0.28%$598,0007.3K
71AMATAPPLIED MATLS INCCOM0.27%$584,0002.9K
72DUKDUKE ENERGY CORP NEWCOM NEW0.27%$582,0005.0K
73COPCONOCOPHILLIPSCOM0.26%$551,0005.2K
74WFCWELLS FARGO CO NEWCOM0.25%$536,0009.5K
75ELVELEVANCE HEALTH INCCOM0.25%$531,0001.0K
76ORCLORACLE CORPCOM0.24%$524,0003.1K
77CBCHUBB LIMITEDCOM0.24%$508,0001.8K
78PFEPFIZER INCCOM0.23%$501,00017.3K
79IRMIRON MTN INC DELCOM0.22%$479,0004.0K
80PWRQUANTA SVCS INCCOM0.22%$475,0001.6K
81INTCINTEL CORPCOM0.22%$473,00020.2K
82MARMARRIOTT INTL INC NEWCL A0.21%$442,0001.8K
83MPCMARATHON PETE CORPCOM0.20%$427,0002.6K
84BMYBRISTOL-MYERS SQUIBB COCOM0.20%$425,0008.2K
85GE AEROSPACECOM NEW0.19%$411,0002.2K
86WDAYWORKDAY INCCL A0.19%$403,0001.6K
87DEDEERE & COCOM0.19%$401,000960
88VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$384,0001.9K
89MDTMEDTRONIC PLCSHS0.18%$379,0004.2K
90AIGAMERICAN INTL GROUP INCCOM NEW0.17%$363,0005.0K
91TRVTRAVELERS COMPANIES INCCOM0.17%$356,0001.5K
92ONTOONTO INNOVATION INCCOM0.16%$351,0001.7K
93PHMPULTE GROUP INCCOM0.16%$350,0002.4K
94COSTCOSTCO WHSL CORP NEWCOM0.16%$348,000393
95UNHUNITEDHEALTH GROUP INCCOM0.15%$332,000568
96MRVLMARVELL TECHNOLOGY INCCOM0.15%$329,0004.6K
97MHOM/I HOMES INCCOM0.15%$322,0001.9K
98MNSTMONSTER BEVERAGE CORP NEWCOM0.15%$321,0006.2K
99MCDMCDONALDS CORPCOM0.14%$299,000982
100HCAHCA HEALTHCARE INCCOM0.14%$294,000724

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 ↗.