Aspen Investment Management Inc
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | SPY | $24.9M | 33,300 | -0.47pp | 31q | -7.3%-$2.0M | |
| INVESCO EXCHANGE TRADED FD T | RSP | $14.2M | 66,777 | -0.04pp | 31q | +1.6%+$227.7K | |
| ISHARES TR | IWM | $12.4M | 41,217 | +0.40pp | 31q | +6.8%+$784.8K | |
| ISHARES TR | IEFA | $10.4M | 107,296 | -0.10pp | 31q | +3.2%+$322.7K | |
| APPLE INC | AAPL | $9.9M | 34,299 | +0.04pp | 31q | +1.6%+$153.9K | |
| MICROSOFT CORP | MSFT | $8.7M | 23,195 | -0.26pp | 31q | +1.8%+$154.4K | |
| ISHARES TR | IGIB | $8.6M | 162,040 | -0.25pp | 18q | +2.9%+$243.0K | |
| ISHARES TR | IGSB | $8.3M | 158,883 | -0.21pp | 31q | +4.5%+$360.5K | |
| CORNING INC | GLW | $7.7M | 29,977 | +0.68pp | 9q | -9.2%-$779.8K | |
| ALPHABET INC | GOOGL | $7.5M | 20,850 | +0.17pp | 30q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $7.2M | 7,142 | +0.08pp | 31q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $6.9M | 29,260 | -0.06pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $6.7M | 20,540 | -0.04pp | 31q | HELD | |
| VANGUARD INDEX FDS | VTI | $5.7M | 15,349 | +0.11pp | 6q | +6.4%+$342.3K | |
| WALMART INC | WMT | $4.9M | 42,885 | -0.34pp | 31q | -0.7%-$34.8K | |
| ISHARES TR | IVV | $4.8M | 6,403 | +0.16pp | 31q | +13.1%+$556.4K | |
| AMAZON COM INC | AMZN | $4.8M | 20,100 | +0.06pp | 31q | +4.7%+$215.0K | |
| JOHNSON & JOHNSON | JNJ | $4.7M | 18,458 | -0.10pp | 31q | +1.7%+$76.7K | |
| MICRON TECHNOLOGY INC | MU | $4.7M | 4,060 | +0.77pp | 6q | -14.0%-$760.8K | |
| NVIDIA CORPORATION | NVDA | $4.5M | 22,272 | +0.04pp | 10q | +3.2%+$136.4K | |
| FIRST TR EXCH TRADED FD III | FPE | $4.4M | 246,947 | -0.16pp | 31q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $4.4M | 138,852 | +0.31pp | 18q | +49.2%+$1.5M | |
| ELI LILLY & CO | LLY | $4.0M | 3,349 | +0.16pp | 12q | +3.1%+$119.9K | |
| INVESCO EXCH TRD SLF IDX FD | BSCR | $3.8M | 191,659 | -0.14pp | 11q | +0.5%+$19.9K | |
| CATERPILLAR INC | CAT | $3.7M | 3,515 | +0.24pp | 31q | -0.8%-$30.9K | |
| ABBVIE INC | ABBV | $3.5M | 13,782 | +0.05pp | 31q | +3.8%+$126.6K | |
| INVESCO EXCH TRD SLF IDX FD | BSCS | $3.4M | 164,663 | -0.12pp | 11q | +0.8%+$27.9K | |
| FIRST TR EXCHANGE-TRADED FD | FTSL | $3.2M | 72,334 | -0.13pp | 31q | -1.2%-$38.9K | |
| SELECT SECTOR SPDR TR | XLE | $3.2M | 59,349 | -0.26pp | 18q | HELD | |
| NEOS ETF TRUST | SPYI | $3.1M | 58,305 | -0.03pp | 4q | +2.6%+$77.2K | |
| VANGUARD INDEX FDS | VNQ | $3.0M | 31,632 | +0.24pp | 31q | +48.2%+$991.9K | |
| SCHWAB STRATEGIC TR | SCHA | $2.9M | 80,443 | +0.06pp | 31q | HELD | |
| MARVELL TECHNOLOGY INC | MRVL | $2.9M | 9,744 | +0.52pp | 10q | +14.7%+$372.7K | |
| INVESCO EXCH TRD SLF IDX FD | BSCT | $2.8M | 152,737 | -0.10pp | 5q | +1.0%+$28.0K | |
| CISCO SYS INC | CSCO | $2.8M | 23,704 | +0.19pp | 31q | HELD | |
| AMGEN INC | AMGN | $2.8M | 7,645 | -0.08pp | 31q | -0.6%-$17.7K | |
| QUANTA SVCS INC | PWR | $2.8M | 3,819 | +0.12pp | 11q | +3.5%+$93.6K | |
| SCHWAB STRATEGIC TR | SCHX | $2.7M | 90,217 | +0.04pp | 31q | +5.2%+$131.8K | |
| TRANE TECHNOLOGIES PLC | TT | $2.6M | 5,369 | +0.03pp | 26q | +1.3%+$33.9K | |
| PIMCO ETF TR | HYS | $2.6M | 28,187 | -0.10pp | 31q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $2.6M | 58,050 | -0.10pp | 9q | +1.0%+$26.8K | |
| VISA INC | V | $2.5M | 7,431 | flat | 31q | +0.9%+$22.3K | |
| WISDOMTREE TR | DES | $2.4M | 58,678 | +0.01pp | 31q | +1.6%+$36.7K | |
| SCHWAB CHARLES CORP | SCHW | $2.4M | 25,797 | -0.09pp | 31q | +2.1%+$48.0K | |
| PROCTER & GAMBLE CO | PG | $2.3M | 15,938 | -0.08pp | 31q | HELD | |
| HOME DEPOT INC | HD | $2.2M | 6,374 | -0.04pp | 31q | -0.7%-$16.9K | |
| COCA COLA CO | KO | $2.2M | 27,234 | -0.04pp | 31q | +0.7%+$14.5K | |
| PEPSICO INC | PEP | $2.2M | 16,302 | -0.17pp | 31q | +1.2%+$26.7K | |
| ISHARES TR | IWB | $2.2M | 5,369 | flat | 31q | HELD | |
| ALPHABET INC | GOOG | $2.2M | 6,193 | +0.05pp | 22q | +0.8%+$17.7K | |
| CSX CORP | CSX | $2.2M | 45,386 | +0.01pp | 31q | HELD | |
| JOHNSON CONTROLS INTERNATION | JCI | $2.2M | 14,730 | -0.01pp | 24q | HELD | |
| STRYKER CORPORATION | SYK | $2.1M | 6,691 | -0.12pp | 31q | -2.0%-$44.1K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $2.1M | 7,323 | +0.01pp | 31q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $2.1M | 15,031 | -0.23pp | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $2.0M | 12,356 | -0.24pp | 31q | -0.6%-$11.6K | |
| SCHWAB STRATEGIC TR | SCHF | $2.0M | 73,677 | -0.02pp | 31q | -1.8%-$38.3K | |
| ISHARES TR | SGOV | $2.0M | 19,743 | flat | 2q | +13.4%+$235.4K | |
| ISHARES TR | TLTW | $2.0M | 87,715 | -0.05pp | 3q | +5.0%+$93.8K | |
| BANK OF AMER CORP | BAC | $2.0M | 34,239 | +0.01pp | 31q | -1.2%-$23.6K | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $1.9M | 34,342 | -0.01pp | 3q | +12.8%+$220.9K | |
| WASTE MGMT INC DEL | WM | $1.9M | 8,415 | -0.12pp | 31q | -5.3%-$105.7K | |
| INVESCO QQQ TR | QQQ | $1.8M | 2,424 | -0.13pp | 5q | -29.8%-$757.0K | |
| WILLIAMS COS INC | WMB | $1.7M | 23,201 | -0.05pp | 22q | HELD | |
| INTEL CORP | INTC | $1.7M | 12,214 | +0.28pp | 31q | -5.1%-$92.1K | |
| VANGUARD INDEX FDS | VO | $1.7M | 20,889 | -0.02pp | 31q | +292.0%+$1.3M | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.7M | 14,404 | -0.16pp | 4q | +6.2%+$98.3K | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $1.6M | 13,229 | -0.20pp | 31q | -0.7%-$11.5K | |
| ILLINOIS TOOL WKS INC | ITW | $1.6M | 5,919 | -0.04pp | 31q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $1.6M | 26,421 | flat | 31q | +4.1%+$62.8K | |
| SELECT SECTOR SPDR TR | XLI | $1.6M | 8,463 | -0.01pp | 16q | -1.9%-$30.6K | |
| EATON CORP PLC | ETN | $1.6M | 3,679 | +0.03pp | 15q | +1.9%+$29.0K | |
| ROBINHOOD MKTS INC | HOOD | $1.6M | 15,456 | -0.09pp | 6q | -34.8%-$825.8K | |
| GE AEROSPACE | GE | $1.5M | 4,086 | +0.10pp | 14q | +13.8%+$185.7K | |
| BANK OF NY MELLON CORP | BNY | $1.5M | 10,487 | +0.03pp | 11q | +0.9%+$13.0K | |
| VANGUARD INDEX FDS | VOO | $1.5M | 2,157 | +0.01pp | 3q | +1.2%+$17.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.5M | 1,580 | -0.07pp | 13q | +3.1%+$44.9K | |
| VANGUARD WORLD FD | VOX | $1.5M | 8,027 | -0.05pp | 3q | -1.2%-$18.4K | |
| AMERICAN EXPRESS CO | AXP | $1.5M | 4,329 | +0.03pp | 31q | +10.2%+$134.9K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $1.5M | 25,285 | -0.05pp | 31q | +6.3%+$86.2K | |
| NEXTERA ENERGY INC | NEE | $1.4M | 16,292 | -0.07pp | 31q | +1.1%+$15.4K | |
| VANGUARD WHITEHALL FDS | VYM | $1.4M | 8,715 | -0.03pp | 10q | HELD | |
| ISHARES INC | IEMG | $1.4M | 16,606 | +0.06pp | 31q | +13.6%+$164.9K | |
| SELECT SECTOR SPDR TR | XLK | $1.4M | 7,144 | +0.08pp | 31q | +2.5%+$32.6K | |
| ISHARES TR | EFA | $1.3M | 12,653 | -0.03pp | 31q | -1.9%-$26.0K | |
| SPDR GOLD TR | GLD | $1.2M | 3,389 | -0.30pp | 11q | -29.6%-$525.5K | |
| VANGUARD INDEX FDS | VV | $1.2M | 3,493 | flat | 6q | HELD | |
| FAIR ISAAC CORP | FICO | $1.2M | 1,003 | -0.01pp | 31q | HELD | |
| GMO ETF TRUST | QLTY | $1.2M | 28,200 | +0.01pp | 3q | +1.4%+$16.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.1M | 2,293 | -0.05pp | 3q | -4.8%-$57.5K | |
| MCDONALDS CORP | MCD | $1.1M | 4,064 | -0.09pp | 3q | HELD | |
| VANGUARD WORLD FD | VGT | $1.1M | 9,085 | +0.10pp | 6q | +899.4%+$977.3K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $1.1M | 4,755 | -0.02pp | 31q | -3.8%-$42.6K | |
| TEXAS INSTRS INC | TXN | $1.1M | 3,541 | +0.07pp | 31q | -1.9%-$20.6K | |
| SCHWAB STRATEGIC TR | SCHC | $1.0M | 21,584 | -0.03pp | 31q | HELD | |
| GE VERNOVA INC | GEV | $1.0M | 859 | +0.10pp | 5q | +30.5%+$236.1K | |
| ABBOTT LABORATORIES | ABT | $975.0K | 10,742 | -0.12pp | 31q | -10.9%-$119.4K | |
| FIRST TR EXCHANGE TRADED FD | CIBR | $975.0K | 10,849 | +0.08pp | 9q | +13.4%+$115.4K | |
| ISHARES TR | IJH | $952.0K | 12,351 | +0.03pp | 10q | +14.2%+$118.5K | |
| EDWARDS LIFESCIENCES CORP | EW | $939.0K | 10,381 | flat | 31q | -0.7%-$6.3K | |
| PFIZER INC | PFE | $915.0K | 38,006 | +0.16pp | 3q | +302.1%+$687.5K | |
| LOCKHEED MARTIN CORP | LMT | $901.0K | 1,769 | -0.09pp | 31q | -2.7%-$25.5K | |
| INVESCO EXCHANGE TRADED FD T | IGPT | $896.0K | 8,606 | +0.10pp | 4q | +10.9%+$88.0K | |
| WELLS FARGO & CO | WFC | $887.0K | 10,738 | -0.03pp | 31q | -0.9%-$8.3K | |
| MONDELEZ INTL INC | MDLZ | $830.0K | 14,344 | -0.04pp | 31q | -2.1%-$17.8K | |
| ISHARES TR | IYW | $811.0K | 3,215 | +0.04pp | 3q | HELD | |
| MERCK & CO INC | MRK | $811.0K | 6,310 | -0.01pp | 3q | HELD | |
| SCHWAB STRATEGIC TR | SCHE | $785.0K | 21,652 | -0.02pp | 31q | -3.8%-$30.6K | |
| INVESCO EXCH TRD SLF IDX FD | BSCQ | $777.0K | 39,775 | -0.36pp | 11q | -58.4%-$1.1M | |
| CITIGROUP INC | C | $765.0K | 5,465 | +0.04pp | 7q | +12.8%+$86.9K | |
| UNUM GROUP | UNM | $729.0K | 8,150 | +0.02pp | 3q | +2.1%+$15.2K | |
| SCHWAB STRATEGIC TR | SCHM | $723.0K | 19,604 | -0.01pp | 31q | -7.5%-$58.9K | |
| ISHARES TR | CMF | $715.0K | 12,410 | -0.02pp | 10q | HELD | |
| HUNTINGTON BANCSHARES INC | HBAN | $712.0K | 40,133 | flat | 31q | +0.8%+$5.6K | |
| MODERNA INC | MRNA | $686.0K | 9,790 | +0.01pp | 2q | -14.0%-$112.1K | |
| MARATHON PETE CORP | MPC | $678.0K | 2,652 | -0.02pp | 15q | -1.1%-$7.7K | |
| PALO ALTO NETWORKS INC | PANW | $665.0K | 1,951 | +0.09pp | 3q | +6.3%+$39.2K | |
| DUKE ENERGY CORP NEW | DUK | $661.0K | 5,222 | -0.03pp | 31q | +0.7%+$4.3K | |
| SPDR SERIES TRUST | XSD | $646.0K | 1,035 | +0.07pp | 6q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | EMLP | $638.0K | 14,670 | -0.02pp | 31q | HELD | |
| ISHARES TR | IVW | $634.0K | 4,610 | +0.01pp | 3q | HELD | |
| ISHARES TR | OEF | $626.0K | 1,712 | flat | 30q | HELD | |
| IRON MTN INC DEL | IRM | $618.0K | 4,891 | +0.03pp | 10q | +8.8%+$49.9K | |
| ISHARES TR | IWF | $611.0K | 4,923 | flat | 10q | +300.2%+$458.3K | |
| SCHWAB STRATEGIC TR | SCHG | $605.0K | 17,885 | flat | 11q | HELD | |
| CLEAR SECURE INC | YOU | $600.0K | 10,772 | +0.01pp | 3q | +5.9%+$33.3K | |
| DEERE & CO | DE | $587.0K | 925 | flat | 24q | HELD | |
| NOVARTIS AG | NVS | $586.0K | 3,736 | -0.02pp | 3q | HELD | |
| BROADCOM INC | AVGO | $576.0K | 1,526 | -0.05pp | 5q | -27.7%-$220.4K | |
| VANECK ETF TRUST | SMH | $576.0K | 878 | -0.05pp | 4q | -50.0%-$575.3K | |
| CONOCOPHILLIPS | COP | $555.0K | 5,338 | -0.05pp | 22q | +8.1%+$41.5K | |
| WISDOMTREE TR | DON | $544.0K | 9,630 | -0.01pp | 31q | HELD | |
| GLOBAL X FDS | COPX | $532.0K | 6,910 | - | new | NEW | |
| AMERICAN INTL GROUP INC | AIG | $526.0K | 7,060 | -0.02pp | 10q | +2.3%+$11.7K | |
| STARBUCKS CORP | SBUX | $512.0K | 5,015 | flat | 3q | HELD | |
| PAYPAL HLDGS INC | PYPL | $494.0K | 11,449 | -0.04pp | 31q | -5.6%-$29.3K | |
| ABRDN ETFS | BCI | $493.0K | 22,047 | -0.04pp | 19q | -2.6%-$13.3K | |
| ADVANCED MICRO DEVICES INC | AMD | $469.0K | 808 | - | new | NEW | |
| TRAVELERS COMPANIES INC | TRV | $458.0K | 1,388 | flat | 23q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $445.0K | 932 | - | new | NEW | |
| EBAY INC. | EBAY | $438.0K | 3,922 | +0.02pp | 3q | +15.5%+$58.6K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $437.0K | 7,115 | +0.03pp | 2q | +33.9%+$110.6K | |
| SELECT SECTOR SPDR TR | XLV | $423.0K | 2,669 | -0.12pp | 25q | -49.3%-$412.1K | |
| ETHAN ALLEN INTERIORS INC | ETD | $412.0K | 18,446 | -0.03pp | 22q | -8.4%-$38.0K | |
| BOSTON SCIENTIFIC CORP | BSX | $408.0K | 9,557 | -0.10pp | 13q | -14.1%-$67.1K | |
| ISHARES GOLD TR | IAU | $408.0K | 5,408 | -0.04pp | 3q | HELD | |
| ISHARES TR | IWR | $405.0K | 3,675 | +0.03pp | 10q | +36.1%+$107.4K | |
| SELECT SECTOR SPDR TR | XLF | $400.0K | 7,458 | -0.01pp | 31q | -5.9%-$24.9K | |
| VANGUARD INDEX FDS | VTV | $397.0K | 1,820 | flat | 4q | HELD | |
| WISDOMTREE TR | DEM | $396.0K | 7,370 | -0.01pp | 3q | HELD | |
| ISHARES TR | IWP | $386.0K | 2,638 | flat | 3q | HELD | |
| MEDTRONIC PLC | MDT | $382.0K | 4,889 | -0.07pp | 31q | -25.2%-$128.5K | |
| META PLATFORMS INC | META | $372.0K | 661 | -0.07pp | 4q | -32.7%-$180.7K | |
| VANGUARD WHITEHALL FDS | VIGI | $366.0K | 3,917 | flat | 3q | +7.2%+$24.7K | |
| FIRST TR EXCHANGE-TRADED FD | FV | $364.0K | 4,800 | - | new | NEW | |
| ISHARES SILVER TR | SLV | $353.0K | 6,609 | -0.04pp | 5q | +2.4%+$8.3K | |
| ISHARES TR | IVE | $350.0K | 1,541 | -0.01pp | 3q | HELD | |
| SEMTECH CORP | SMTC | $332.0K | 2,050 | - | new | NEW | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $326.0K | 463 | flat | 15q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $325.0K | 4,502 | -0.01pp | 3q | HELD | |
| GMO ETF TRUST | GMOV | $324.0K | 10,875 | -0.01pp | 3q | HELD | |
| BLACKSTONE INC | BX | $309.0K | 2,624 | -0.01pp | 3q | +1.3%+$3.9K | |
| MOTOROLA SOLUTIONS INC | MSI | $307.0K | 740 | -0.02pp | 10q | HELD | |
| GMO ETF TRUST | GMOI | $303.0K | 8,080 | -0.04pp | 3q | -24.5%-$98.4K | |
| SCHWAB STRATEGIC TR | SCHV | $301.0K | 8,659 | flat | 11q | -3.3%-$10.2K | |
| GLOBAL X FDS | URA | $298.0K | 6,820 | -0.02pp | 4q | -1.9%-$5.9K | |
| HCA HEALTHCARE INC | HCA | $292.0K | 750 | -0.03pp | 11q | -1.8%-$5.5K | |
| WISDOMTREE TR | IHDG | $288.0K | 5,500 | -0.01pp | 31q | -2.7%-$7.9K | |
| ARM HOLDINGS PLC | ARM | $285.0K | 805 | - | new | NEW | |
| NORTHERN TR CORP | NTRS | $284.0K | 1,635 | +0.01pp | 3q | HELD | |
| SKYWORKS SOLUTIONS INC | SWKS | $281.0K | 4,145 | - | new | NEW | |
| ISHARES TR | IJR | $279.0K | 1,878 | - | new | NEW | |
| ISHARES TR | IXN | $272.0K | 1,881 | - | new | NEW | |
| VISTRA CORP | VST | $254.0K | 1,600 | - | new | NEW | |
| SCHEIN HENRY INC | HSIC | $251.0K | 3,000 | flat | 3q | HELD | |
| CABOT CORP | CBT | $250.0K | 2,750 | - | new | NEW | |
| DISNEY WALT CO | DIS | $234.0K | 2,432 | -0.01pp | 31q | -4.9%-$12.0K | |
| J P MORGAN EXCHANGE TRADED F | JPST | $232.0K | 4,578 | - | new | NEW | |
| OMEGA HEALTHCARE INVS INC | OHI | $231.0K | 4,850 | flat | 3q | HELD | |
| MYR GROUP INC | MYRG | $227.0K | 453 | - | new | NEW | |
| SHERWIN WILLIAMS CO | SHW | $224.0K | 650 | flat | 13q | HELD | |
| GILEAD SCIENCES INC | GILD | $223.0K | 1,768 | - | new | NEW | |
| AMERICAN CENTY ETF TR | AVUV | $221.0K | 1,768 | - | new | NEW | |
| GENERAC HLDGS INC | GNRC | $216.0K | 739 | - | new | NEW | |
| BLOOM ENERGY CORP | BE | $209.0K | 689 | - | new | NEW | |
| FRANKLIN ELEC INC | FELE | $204.0K | 1,900 | - | new | NEW | |
| REPUBLIC SVCS INC | RSG | $201.0K | 945 | -0.01pp | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $27.0M | 7.3% |
| Software & IT Services | $22.0M | 5.9% |
| Semiconductors & Electronics | $20.7M | 5.6% |
| Biotech & Pharma | $20.6M | 5.5% |
| Computer Hardware | $15.4M | 4.1% |
| Retail & Consumer | $15.2M | 4.1% |
| Capital Markets | $15.1M | 4.1% |
| Banks & Lending | $14.3M | 3.8% |
| Industrials | $9.7M | 2.6% |
| Mining & Metals | $7.7M | 2.1% |
| Other sectors | $39.7M | 10.7% |
| Not classified | $164.7M | 44.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $372.0M | 187 | 18 | 70 | 50 | 2 | 30.2% | 17 |
| Q1 2026 | $326.5M | 171 | 5 | 61 | 50 | 10 | 30.8% | 15 |
| Q4 2025 | $331.8M | 176 | 32 | 79 | 30 | 5 | 32.3% | 37 |
| Q3 2025 | $258.8M | 149 | 11 | 51 | 36 | 9 | 35.3% | 43 |
| Q2 2025 | $237.8M | 147 | 11 | 46 | 47 | 10 | 34.7% | 42 |
| Q1 2025 | $216.9M | 146 | 14 | 66 | 32 | 9 | 34.4% | 50 |
| Q4 2024 | $215.4M | 141 | 4 | 51 | 41 | 10 | 35.3% | 34 |
| Q3 2024 | $214.4M | 147 | 7 | 40 | 38 | 8 | 34.4% | 39 |
| Q2 2024 | $200.4M | 148 | 6 | 49 | 48 | 11 | 33.7% | 26 |
| Q1 2024 | $196.9M | 153 | 20 | 45 | 55 | 6 | 32.4% | 26 |
| Q4 2023 | $179.0M | 139 | 18 | 41 | 34 | 16 | 32.3% | 40 |
| Q3 2023 | $165.0M | 137 | 13 | 49 | 43 | 14 | 33.9% | 32 |
| Q2 2023 | $168.3M | 138 | 18 | 29 | 35 | 8 | 34.4% | 28 |
| Q1 2023 | $156.3M | 128 | 15 | 22 | 39 | 12 | 34.6% | 46 |
| Q4 2022 | $152.9M | 125 | 7 | 13 | 77 | 10 | 32.5% | 37 |
| Q3 2022 | $149.9M | 128 | 8 | 23 | 47 | 17 | 30.7% | 40 |
| Q2 2022 | $159.8M | 137 | 9 | 24 | 42 | 15 | 29.3% | 46 |
| Q1 2022 | $190.7M | 143 | 13 | 49 | 42 | 10 | 27.5% | 41 |
| Q4 2021 | $203.0M | 140 | 7 | 52 | 36 | 5 | 28.7% | 26 |
| Q3 2021 | $189.0M | 138 | 9 | 54 | 39 | 16 | 28.8% | 67 |
| Q2 2021 | $191.2M | 145 | 11 | 50 | 21 | 8 | 28.1% | 35 |
| Q1 2021 | $179.3M | 142 | 21 | 24 | 51 | 13 | 28.3% | 71 |
| Q4 2020 | $168.9M | 134 | 13 | 50 | 38 | 2 | 28.5% | 25 |
| Q3 2020 | $150.0M | 123 | 9 | 34 | 38 | 3 | 31.3% | 61 |
| Q2 2020 | $139.6M | 117 | 14 | 31 | 38 | 2 | 33.3% | 37 |
| Q1 2020 | $115.4M | 105 | 4 | 24 | 63 | 29 | 40.8% | 45 |
| Q4 2019 | $160.5M | 130 | 4 | 37 | 39 | 5 | 33.4% | 45 |
| Q3 2019 | $149.8M | 131 | 1 | 32 | 48 | 6 | 33.0% | 44 |
| Q2 2019 | $152.0M | 136 | 3 | 39 | 42 | 4 | 32.3% | 43 |
| Q1 2019 | $143.3M | 137 | 11 | 28 | 34 | 3 | 32.6% | 45 |
| Q4 2018 | $124.7M | 129 | 0 | 0 | 0 | 0 | 32.8% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.