Aspen Capital Management, LLC
Long book
$404.0M
Q1 2026
Positions
77
Top-10 weight
78%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsAspen Capital Management, LLC is a wealth-management firm allocating client money, running a $404.0M US long book across 77 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: DIMENSIONAL INTERNATIONAL CO, DIMENSIONAL US CORE EQUITY 2, ISHARES 0-3 MONTH TREASURY B, DIMENSIONAL CORE FIXED INC, DIMENSIONAL EMRG MRKT CORE.
Over the last 5 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 2 of 5 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2025
+7.8%
Q2 2025
+6.0%
Q3 2025
+3.0%
Q4 2025
+0.4%
Q1 2026
+9.8%
Sector allocation
Technology 46%
Financials 37%
Consumer discretionary 6%
Healthcare 5%
Industrials 3%
Services media 3%
Long book by quarter
What does Aspen Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| USB US BANCORP | Financials | 215.1K | $11.2M | 2.8% | 0.0% |
| AAPL APPLE INC | Technology | 22.0K | $5.6M | 1.4% | -2.6% |
| NVDA NVIDIA CORP | Technology | 27.1K | $4.7M | 1.2% | -2.3% |
| MSFT MICROSOFT CORP | Technology | 7.7K | $2.9M | 0.7% | -4.9% |
| JPM JPMORGAN CHASE & CO | Financials | 4.2K | $1.2M | 0.3% | -12.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 5.7K | $1.2M | 0.3% | +2.2% |
| PAYO PAYONEER GLOBAL INC | Services media | 194.2K | $938K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 3.0K | $873K | 0.2% | Held |
| GOOG ALPHABET INC-CL C | Technology | 3.0K | $867K | 0.2% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1K | $517K | 0.1% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.1K | $512K | 0.1% | Held |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 702 | $511K | 0.1% | Held |
| CAT CATERPILLAR INC | Industrials | 584 | $414K | 0.1% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 410 | $408K | 0.1% | -21.0% |
| MU MICRON TECHNOLOGY INC | Technology | 1.2K | $403K | 0.1% | Held |
| RBLX ROBLOX CORP -CLASS A | Technology | 6.0K | $338K | 0.1% | Held |
| HPQ HP INC | Technology | 16.9K | $325K | 0.1% | -4.8% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 12.7K | $302K | 0.1% | +4.8% |
| LLY ELI LILLY & CO | Healthcare | 320 | $294K | 0.1% | Held |
| A AGILENT TECHNOLOGIES INC | Healthcare | 2.6K | $293K | 0.1% | Held |
| MRK MERCK & CO. INC. | Healthcare | 2.4K | $284K | 0.1% | Held |
| SHOP SHOPIFY INC - CLASS A | Technology | 2.3K | $273K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.2K | $272K | 0.1% | Held |
| TSLA TESLA INC | Industrials | 729 | $271K | 0.1% | Held |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 929 | $262K | 0.1% | New |
| DE DEERE & CO | Industrials | 461 | $260K | 0.1% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 1.2K | $259K | 0.1% | Held |
| LRN STRIDE INC | Services media | 2.5K | $217K | 0.1% | New |