SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Aspen Investment Management Inc

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

Reported Value
$215M
Q4 2024
Positions
141
Filings on Record
29
2019–present window
Filed
Feb 3, 2025
original filing

Summary

Aspen Investment Management Inc reported $215M in U.S.-listed holdings across 141 positions for Q4 2024.

Its largest position, IWM, represents 15.0% of the portfolio.

Compared with Q3 2024, the fund opened 4 new positions and exited 10.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+50.0%
share of reported value
Largest Position
+15.0%
Ishares Tr
New / Exited
4 / 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
ETP: 52.8%Common Stock: 46.9%REIT: 0.2%Closed-End Fund: 0.1%
  • ETP · 52.8% · $114M
  • Common Stock · 46.9% · $101M
  • REIT · 0.2% · $434,000
  • Closed-End Fund · 0.1% · $220,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRWDCROWDSTRIKE HLDGS INCNEW+1.2K1.2K+$419,000$419,000
PANWPALO ALTO NETWORKS INCNEW+1.6K1.6K+$290,000$290,000
CCITIGROUP INCNEW+2.9K2.9K+$203,000$203,000
RIVNRIVIAN AUTOMOTIVE INCNEW+10.4K10.4K+$138,000$138,000
GLWCORNING INCADDED+19.0K23.9K+$913,000$1M
SCHGSCHWAB STRATEGIC TRADDED+9.0K12.0K+$22,000$334,000
DOCUDOCUSIGN INCADDED+9.6K13.4K+$971,000$1M
SCHXSCHWAB STRATEGIC TRADDED+49.8K74.0K+$73,000$2M

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

Holdings — Q4 2024

107 positions (from 141 filing rows — )
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 ETF15.00%$32M380.1K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT9.16%$20M33.7K
3RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT4.90%$11M60.3K
4BSCRINVESCO EXCH TRD SLF IDX FDBULSHS 2027 CB · INVSCO BLSH 28 · BULSHS 2026 CB · BULSHS 2025 CB4.40%$9M477.5K
5SCHASCHWAB STRATEGIC TRUS SML CAP ETF · US LRG CAP ETF · INTL EQTY ETF · INTL SCEQT ETF · US MID-CAP ETF · EMRG MKTEQ ETF · US DIVIDEND EQ · US LCAP GR ETF · US LCAP VA ETF3.72%$8M328.8K
6MSFTMICROSOFT CORPhistory →COM3.49%$8M17.8K
7XLISELECT SECTOR SPDR TRINDL · SBI INT-UTILS · SBI CONS DISCR · TECHNOLOGY · FINANCIAL · ENERGY · SBI HEALTHCARE3.13%$7M62.1K
8FTSLFIRST TR EXCHANGE-TRADED FDSENIOR LN FD · NO AMER ENERGY · NASDAQ CYB ETF2.12%$5M100.9K
9VNQVANGUARD INDEX FDSREAL ESTATE ETF · MID CAP ETF2.08%$4M38.9K
10JPMJPMORGAN CHASE & CO.history →COM2.01%$4M18.0K
11AAPLAPPLE INChistory →COM1.98%$4M17.0K
12FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF1.93%$4M234.3K
13WMTWALMART INChistory →COM1.93%$4M45.9K
14AMZNAMAZON COM INChistory →COM1.64%$4M16.1K
15GSGOLDMAN SACHS GROUP INChistory →COM1.62%$3M6.1K
16GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.34%$3M15.2K
17FICOFAIR ISAAC CORPhistory →COM1.31%$3M1.4K
18DESWISDOMTREE TRUS SMALLCAP DIVD · US MIDCAP DIVID · ITL HDG QTLY DIV1.28%$3M73.9K
19HYSPIMCO ETF TRhistory →0-5 HIGH YIELD1.17%$3M26.9K
20HDHOME DEPOT INChistory →COM1.11%$2M6.2K
21SPYGSPDR SER TRhistory →PRTFLO S&P500 GW1.07%$2M26.3K
22VVISA INChistory →COM CL A1.05%$2M7.1K
23PEPPEPSICO INCCOM0.94%$2M13.4K
24TTTRANE TECHNOLOGIES PLCSHS0.90%$2M5.3K
25ICEINTERCONTINENTAL EXCHANGE INCOM0.87%$2M12.6K
26CSXCSX CORPCOM0.82%$2M54.7K
27MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.78%$2M2.9K
28SYKSTRYKER CORPORATIONCOM0.78%$2M4.6K
29WMWASTE MGMT INC DELCOM0.77%$2M8.2K
30HBANHUNTINGTON BANCSHARES INCCOM0.73%$2M97.0K
31ITWILLINOIS TOOL WKS INCCOM0.73%$2M6.2K
32JNJJOHNSON & JOHNSONCOM0.72%$2M10.7K
33BACBANK AMERICA CORPCOM0.70%$2M34.4K
34EXMOCEXXON MOBIL CORPCOM0.70%$1M13.9K
35ADPAUTOMATIC DATA PROCESSING INCOM0.70%$1M5.1K
36AMGNAMGEN INCCOM0.67%$1M5.5K
37CVXCHEVRON CORP NEWCOM0.67%$1M9.9K
38GLDSPDR GOLD TRGOLD SHS0.66%$1M5.8K
39PYPLPAYPAL HLDGS INCCOM0.64%$1M16.1K
40IBMINTERNATIONAL BUSINESS MACHSCOM0.60%$1M5.9K
41PGPROCTER AND GAMBLE COCOM0.57%$1M7.4K
42SCHWSCHWAB CHARLES CORPCOM0.56%$1M16.3K
43DOCUDOCUSIGN INCCOM0.56%$1M13.4K
44JCIJOHNSON CTLS INTL PLCSHS0.55%$1M15.1K
45CSCOCISCO SYS INCCOM0.55%$1M20.1K
46GLWCORNING INCCOM0.53%$1M23.9K
47WMBWILLIAMS COS INCCOM0.50%$1M20.1K
48NEENEXTERA ENERGY INCCOM0.50%$1M15.1K
49CATCATERPILLAR INCCOM0.50%$1M3.0K
50ETNEATON CORP PLCSHS0.49%$1M3.2K
51NVDANVIDIA CORPORATIONCOM0.46%$984,0007.3K
52AXPAMERICAN EXPRESS COCOM0.46%$984,0003.3K
53VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.44%$939,00021.3K
54MDLZMONDELEZ INTL INCCL A0.44%$937,00015.7K
55LMTLOCKHEED MARTIN CORPCOM0.43%$933,0001.9K
56BNYBANK NEW YORK MELLON CORPCOM0.42%$903,00011.8K
57METAMETA PLATFORMS INCCL A0.41%$892,0001.5K
58ABTABBOTT LABSCOM0.40%$863,0007.6K
59MRKMERCK & CO INCCOM0.37%$796,0008.0K
60EWEDWARDS LIFESCIENCES CORPCOM0.36%$786,00010.6K
61BCIABRDN ETFSBBRG ALL COMD K10.36%$766,00038.8K
62ABBVABBVIE INCCOM0.35%$756,0004.3K
63LLYELI LILLY & COCOM0.33%$716,000927
64MARMARRIOTT INTL INC NEWCL A0.32%$695,0002.5K
65COSTCOSTCO WHSL CORP NEWCOM0.32%$684,000746
66TXNTEXAS INSTRS INCCOM0.32%$682,0003.6K
67WFCWELLS FARGO CO NEWCOM0.31%$666,0009.5K
68BSXBOSTON SCIENTIFIC CORPCOM0.30%$643,0007.2K
69GNRCGENERAC HLDGS INCCOM0.29%$625,0004.0K
70KOCOCA COLA COCOM0.28%$604,0009.7K
71ETDETHAN ALLEN INTERIORS INCCOM0.28%$599,00021.3K
72METMETLIFE INCCOM0.28%$593,0007.2K
73IEMGISHARES INCCORE MSCI EMKT0.27%$589,00011.3K
74MRVLMARVELL TECHNOLOGY INCCOM0.26%$551,0005.0K
75MHOM/I HOMES INCCOM0.24%$526,0004.0K
76DUKDUKE ENERGY CORP NEWCOM NEW0.24%$525,0004.9K
77PWRQUANTA SVCS INCCOM0.24%$523,0001.7K
78COPCONOCOPHILLIPSCOM0.24%$519,0005.2K
79ORCLORACLE CORPCOM0.23%$495,0003.0K
80AMATAPPLIED MATLS INCCOM0.22%$468,0002.9K
81BMYBRISTOL-MYERS SQUIBB COCOM0.22%$465,0008.2K
82IRMIRON MTN INC DELCOM0.20%$434,0004.1K
83CRWDCROWDSTRIKE HLDGS INCCL A0.19%$419,0001.2K
84DEDEERE & COCOM0.18%$392,000925
85VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$380,0001.9K
86AIGAMERICAN INTL GROUP INCCOM NEW0.18%$378,0005.2K
87ELVELEVANCE HEALTH INCCOM0.18%$377,0001.0K
88INTCINTEL CORPCOM0.17%$376,00018.7K
89MPCMARATHON PETE CORPCOM0.17%$366,0002.6K
90TRVTRAVELERS COMPANIES INCCOM0.17%$362,0001.5K
91GE AEROSPACECOM NEW0.16%$355,0002.1K
92PHMPULTE GROUP INCCOM0.16%$342,0003.1K
93PFEPFIZER INCCOM0.16%$334,00012.6K
94MDTMEDTRONIC PLCSHS0.15%$329,0004.1K
95MNSTMONSTER BEVERAGE CORP NEWCOM0.15%$323,0006.2K
96MSIMOTOROLA SOLUTIONS INCCOM NEW0.15%$319,000690
97DISDISNEY WALT COCOM0.15%$316,0002.8K
98PANWPALO ALTO NETWORKS INCCOM0.13%$290,0001.6K
99UNHUNITEDHEALTH GROUP INCCOM0.13%$287,000568
100VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.12%$265,0002.1K

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 ↗

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 ↗.