Aspen Investment Management Inc
Long book
$326.5M
Q1 2026
Positions
171
Top-10 weight
31%
concentration
Last quarter
+12.5%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsAspen Investment Management Inc is a wealth-management firm allocating client money, running a $326.5M US long book across 171 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, INVESCO S&P 500 EQUAL WEIGHT, ISHARES RUSSELL 2000 ETF, ISHARES CORE MSCI EAFE ETF, APPLE INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 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 2024
+1.2%
Q2 2024
+6.6%
Q3 2024
+0.1%
Q4 2024
-1.2%
Q1 2025
+9.0%
Q2 2025
+6.4%
Q3 2025
+2.4%
Q4 2025
-0.8%
Q1 2026
+12.5%
Sector allocation
Technology 28%
Financials 18%
Healthcare 14%
Industrials 12%
Consumer discretionary 10%
Energy 4%
Utilities 4%
Consumer staples 4%
Long book by quarter
What does Aspen Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 33.8K | $8.6M | 2.6% | -22.2% |
| MSFT MICROSOFT CORP | Technology | 22.8K | $8.4M | 2.6% | -4.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.2K | $6.1M | 1.9% | +0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 20.5K | $6.0M | 1.8% | -0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 20.8K | $6.0M | 1.8% | -0.5% |
| WMT WALMART INC | Consumer discretionary | 43.2K | $5.4M | 1.6% | -1.2% |
| GLW CORNING INC | Industrials | 33.0K | $4.5M | 1.4% | 0.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 18.2K | $4.4M | 1.4% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.2K | $4.0M | 1.2% | +7.5% |
| NVDA NVIDIA CORP | Technology | 21.6K | $3.8M | 1.2% | -4.0% |
| LLY ELI LILLY & CO | Healthcare | 3.2K | $3.0M | 0.9% | +3.0% |
| ABBV ABBVIE INC | Healthcare | 13.3K | $2.9M | 0.9% | +3.9% |
| AMGN AMGEN INC | Healthcare | 7.7K | $2.7M | 0.8% | +3.3% |
| CVX CHEVRON CORP | Energy | 12.4K | $2.6M | 0.8% | +0.4% |
| XOM EXXON MOBIL CORP | Energy | 15.1K | $2.6M | 0.8% | -6.0% |
| CAT CATERPILLAR INC | Industrials | 3.5K | $2.5M | 0.8% | -8.4% |
| PEP PEPSICO INC | Consumer staples | 16.1K | $2.5M | 0.8% | -0.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 25.3K | $2.4M | 0.7% | +2.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.0K | $2.3M | 0.7% | -0.1% |
| SYK STRYKER CORP | Healthcare | 6.8K | $2.2M | 0.7% | +0.1% |
| V VISA INC-CLASS A SHARES | Services media | 7.4K | $2.2M | 0.7% | +0.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 5.3K | $2.2M | 0.7% | +0.8% |
| HD HOME DEPOT INC | Consumer discretionary | 6.4K | $2.1M | 0.6% | +0.5% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 13.3K | $2.1M | 0.6% | +0.2% |
| KO COCA-COLA CO/THE | Consumer staples | 27.1K | $2.1M | 0.6% | +28.6% |
| WM WASTE MANAGEMENT INC | Utilities | 8.9K | $2.0M | 0.6% | +0.3% |
| PWR QUANTA SERVICES INC | Industrials | 3.7K | $2.0M | 0.6% | +2.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 13.6K | $2.0M | 0.6% | -2.4% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 14.8K | $1.9M | 0.6% | Held |
| CSX CSX CORP | Industrials | 45.5K | $1.9M | 0.6% | -2.0% |
| CSCO CISCO SYSTEMS INC | Technology | 23.6K | $1.8M | 0.6% | +0.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 7.3K | $1.8M | 0.5% | +3.1% |
| GOOG ALPHABET INC-CL C | Technology | 6.1K | $1.8M | 0.5% | Held |
| BAC BANK OF AMERICA CORP | Financials | 34.7K | $1.7M | 0.5% | +8.7% |
| WMB WILLIAMS COS INC | Utilities | 23.2K | $1.7M | 0.5% | +2.5% |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 23.7K | $1.6M | 0.5% | +2.9% |
| MU MICRON TECHNOLOGY INC | Technology | 4.7K | $1.6M | 0.5% | 0.0% |
| ITW ILLINOIS TOOL WORKS | Industrials | 5.9K | $1.5M | 0.5% | -0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.5K | $1.5M | 0.5% | +2.5% |
| NEE NEXTERA ENERGY INC | Utilities | 16.1K | $1.5M | 0.5% | +4.3% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 23.8K | $1.4M | 0.4% | +123.1% |
| ETN EATON CORP PLC | Industrials | 3.6K | $1.3M | 0.4% | +0.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.1K | $1.3M | 0.4% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 12.1K | $1.2M | 0.4% | -9.1% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 10.4K | $1.2M | 0.4% | -0.8% |
| AXP AMERICAN EXPRESS CO | Financials | 3.9K | $1.2M | 0.4% | +2.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.4K | $1.2M | 0.4% | -5.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.8K | $1.1M | 0.3% | Held |
| FICO FAIR ISAAC CORP | Services media | 1.0K | $1.1M | 0.3% | -2.3% |
| GE GENERAL ELECTRIC | Industrials | 3.6K | $1.0M | 0.3% | +15.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 171 | $326.5M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 177 | $331.8M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 149 | $258.8M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 148 | $237.8M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 20, 2025 | 146 | $216.9M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 141 | $215.4M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 147 | $214.4M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 148 | $200.4M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 153 | $196.9M | $K fixed canonical | SEC ↗ |