# Aspen Investment Management Inc

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1541596. Source: https://holderbook.com/funds/1541596-aspen-investment-management-inc/

- Reported value: $372.0M
- Positions: 187
- Weight of the ten largest: 30.2%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $24.9M | 33,300 | 6.7% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $14.2M | 66,777 | 3.8% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.4M | 41,217 | 3.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $10.4M | 107,296 | 2.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.9M | 34,299 | 2.7% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.7M | 23,195 | 2.3% | 31 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $8.6M | 162,040 | 2.3% | 18 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $8.3M | 158,883 | 2.2% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $7.7M | 29,977 | 2.1% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.5M | 20,850 | 2.0% | 30 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.2M | 7,142 | 1.9% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $6.9M | 29,260 | 1.9% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.7M | 20,540 | 1.8% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $5.7M | 15,349 | 1.5% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.9M | 42,885 | 1.3% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.8M | 6,403 | 1.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.8M | 20,100 | 1.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.7M | 18,458 | 1.3% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $4.7M | 4,060 | 1.3% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.5M | 22,272 | 1.2% | 10 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $4.4M | 246,947 | 1.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $4.4M | 138,852 | 1.2% | 18 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.0M | 3,349 | 1.1% | 12 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $3.8M | 191,659 | 1.0% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.7M | 3,515 | 1.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.5M | 13,782 | 0.9% | 31 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $3.4M | 164,663 | 0.9% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [FTSL](https://holderbook.com/stocks/FTSL/) | $3.2M | 72,334 | 0.9% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $3.2M | 59,349 | 0.8% | 18 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $3.1M | 58,305 | 0.8% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $3.0M | 31,632 | 0.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.9M | 80,443 | 0.8% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.9M | 9,744 | 0.8% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $2.8M | 152,737 | 0.8% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.8M | 23,704 | 0.7% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.8M | 7,645 | 0.7% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.8M | 3,819 | 0.7% | 11 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $2.7M | 90,217 | 0.7% | 31 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $2.6M | 5,369 | 0.7% | 26 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $2.6M | 28,187 | 0.7% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $2.6M | 58,050 | 0.7% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.5M | 7,431 | 0.7% | 31 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $2.4M | 58,678 | 0.6% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.4M | 25,797 | 0.6% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 15,938 | 0.6% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.2M | 6,374 | 0.6% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.2M | 27,234 | 0.6% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 16,302 | 0.6% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.2M | 5,369 | 0.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.2M | 6,193 | 0.6% | 22 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $2.2M | 45,386 | 0.6% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $2.2M | 14,730 | 0.6% | 24 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.1M | 6,691 | 0.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.1M | 7,323 | 0.6% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 15,031 | 0.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.0M | 12,356 | 0.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.0M | 73,677 | 0.5% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.0M | 19,743 | 0.5% | 2 |
| ISHARES TR | [TLTW](https://holderbook.com/stocks/TLTW/) | $2.0M | 87,715 | 0.5% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.0M | 34,239 | 0.5% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $1.9M | 34,342 | 0.5% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.9M | 8,415 | 0.5% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.8M | 2,424 | 0.5% | 5 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $1.7M | 23,201 | 0.5% | 22 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.7M | 12,214 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.7M | 20,889 | 0.5% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.7M | 14,404 | 0.5% | 4 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.6M | 13,229 | 0.4% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.6M | 5,919 | 0.4% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.6M | 26,421 | 0.4% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.6M | 8,463 | 0.4% | 16 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.6M | 3,679 | 0.4% | 15 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.6M | 15,456 | 0.4% | 6 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.5M | 4,086 | 0.4% | 14 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.5M | 10,487 | 0.4% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.5M | 2,157 | 0.4% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.5M | 1,580 | 0.4% | 13 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $1.5M | 8,027 | 0.4% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.5M | 4,329 | 0.4% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.5M | 25,285 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.4M | 16,292 | 0.4% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.4M | 8,715 | 0.4% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.4M | 16,606 | 0.4% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.4M | 7,144 | 0.4% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.3M | 12,653 | 0.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.2M | 3,389 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.2M | 3,493 | 0.3% | 6 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $1.2M | 1,003 | 0.3% | 31 |
| GMO ETF TRUST | [QLTY](https://holderbook.com/stocks/QLTY/) | $1.2M | 28,200 | 0.3% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.1M | 2,293 | 0.3% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,064 | 0.3% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.1M | 9,085 | 0.3% | 6 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.1M | 4,755 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.1M | 3,541 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $1.0M | 21,584 | 0.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.0M | 859 | 0.3% | 5 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $975.0K | 10,742 | 0.3% | 31 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $975.0K | 10,849 | 0.3% | 9 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $952.0K | 12,351 | 0.3% | 10 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $939.0K | 10,381 | 0.3% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.1% | +14.8% | -2.7% | 100% |
| Q1 2026 | -1.2% | -4.6% | +3.4% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 99% |
| Q3 2025 | +5.9% | +7.8% | -2.0% | 100% |
| Q2 2025 | +8.4% | +10.5% | -2.1% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.8% | 100% |
| Q4 2024 | -0.5% | +2.1% | -2.7% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $372.0M | 187 |
| Q1 2026 | $326.5M | 171 |
| Q4 2025 | $331.8M | 176 |
| Q3 2025 | $258.8M | 149 |
| Q2 2025 | $237.8M | 147 |
| Q1 2025 | $216.9M | 146 |
| Q4 2024 | $215.4M | 141 |
| Q3 2024 | $214.4M | 147 |
| Q2 2024 | $200.4M | 148 |
| Q1 2024 | $196.9M | 153 |
| Q4 2023 | $179.0M | 139 |
| Q3 2023 | $165.0M | 137 |