Aspen Investment Management Inc

CIK

1541596

Location

GRAND RAPIDS, MI

Portfolio Value

Small $180,724,721

Diversification

Diversified

Filing Date

Global Rank

#4,097 / 8,232 ▲ 92

Top Industry

Drug Manufacturers - General 10.6%

3Y Alpha vs SPY

-0.5%

Period ended 2 months ago

Filed Apr 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+74.1%

SPY

+76.3%

Annualised alpha

-0.5%

Max drawdown

−16.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

98 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.9%

+0.2 pts

Top 5

29.0%

−2.8 pts

Top 10

42.5%

−1.7 pts

HHI

327

Diversified−15

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	21.4%	$38,722,416	18
Financial Services	16.8%	$30,322,841	19
Unclassified	15.8%	$28,630,268	6
Healthcare	12.6%	$22,803,422	16
Industrials	10.4%	$18,841,143	13
Consumer Defensive	8.2%	$14,857,413	7
Consumer Cyclical	4.7%	$8,580,484	6
Energy	4.5%	$8,122,950	5
Communication Services	3.8%	$6,787,509	3
Utilities	1.2%	$2,176,170	2
Real Estate	0.4%	$671,748	2
Basic Materials	0.1%	$208,357	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BMY	Bristol Myers Squibb Co	+13,125	23,789	$1,442,802
KO	Coca Cola Co	+6,015	27,055	$2,057,532
BAC	Bank Of America Corp /De/	+2,781	34,653	$1,689,333
C	Citigroup Inc	+1,105	4,844	$549,358
HOOD	Robinhood Markets, Inc.	+675	23,691	$1,641,786
NEE	Nextera Energy Inc	+670	16,116	$1,496,854
MRVL	Marvell Technology, Inc.	+656	8,493	$841,231
WMB	Williams Companies, Inc.	+572	23,187	$1,687,549
SCHW	Schwab Charles Corp	+556	25,277	$2,375,532
ABBV	AbbVie Inc.	+502	13,279	$2,888,049
YOU	Clear Secure, Inc.	+500	10,175	$492,571
GE	General Electric Co	+479	3,589	$1,018,450
MRK	Merck & Co., Inc.	+330	6,299	$757,706
SPY	Spdr S&P 500 ETF Trust	+271	35,925	$23,363,464
AMGN	Amgen Inc	+243	7,694	$2,707,133
IBM	International Business Machines Corp	+224	7,346	$1,780,596
IRM	Iron Mountain Inc	+154	4,496	$459,221
GEV	GE Vernova Inc.	+135	658	$574,368
CSCO	Cisco Systems, Inc.	+104	23,625	$1,833,063
WFC	Wells Fargo & Company/Mn	+100	10,838	$862,813
SBUX	Starbucks Corp	+100	5,015	$449,293
PWR	Quanta Services, Inc.	+96	3,689	$2,025,334
LLY	ELI LILLY & Co	+94	3,249	$2,988,332
AXP	American Express Co	+91	3,930	$1,188,746
EW	Edwards Lifesciences Corp	+70	10,451	$836,916
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−9,608	33,767	$8,569,726
SLV	iShares Silver Trust	−6,580	6,454	$439,775
EBAY	Ebay Inc	−2,701	3,397	$309,194
GLD	Spdr Gold Trust	−2,295	4,816	$2,072,276
ABT	Abbott Laboratories	−1,200	12,058	$1,237,994
UBER	Uber Technologies, Inc	−1,170	4,502	$323,828
MSFT	Microsoft Corp	−1,163	22,781	$8,432,842
PYPL	PayPal Holdings, Inc.	−1,094	12,128	$548,549
XOM	Exxon Mobil Corp	−954	15,075	$2,557,624
CSX	Csx Corp	−925	45,459	$1,866,091
NVDA	Nvidia Corp	−907	21,590	$3,765,296
QQQ	Invesco Qqq Trust, Series 1	−871	3,452	$1,992,425
AMZN	Amazon Com Inc	−665	19,198	$3,998,367
HBAN	Huntington Bancshares Inc /Md/	−589	39,820	$623,183
BSX	Boston Scientific Corp	−565	11,129	$698,344
WMT	Walmart Inc.	−508	43,192	$5,367,901
PANW	Palo Alto Networks Inc	−478	1,836	$294,347
PFE	Pfizer Inc	−400	9,451	$265,384
UNM	Unum Group	−350	7,980	$582,779
PLTR	Palantir Technologies Inc.	−340	13,562	$1,983,849
CAT	Caterpillar Inc	−323	3,544	$2,510,782
AIG	American International Group, Inc.	−244	6,903	$519,450
AVGO	Broadcom Inc.	−225	2,110	$653,066
ETD	Ethan Allen Interiors Inc	−200	20,146	$448,449
JPM	Jpmorgan Chase & Co	−166	20,504	$6,031,456
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
MRNA	Moderna, Inc.	11,390	$578,612
RSG	Republic Services, Inc.	945	$206,973
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
ORCL	Oracle Corp	5,870	$1,144,121
AMD	Advanced Micro Devices Inc	3,166	$678,030
CRWD	CrowdStrike Holdings, Inc.	1,022	$479,072
MTZ	Mastec Inc	1,670	$363,007
ONTO	Onto Innovation Inc.	1,810	$285,726
DOCU	Docusign, Inc.	4,133	$282,697
SNOW	Snowflake Inc.	1,211	$265,644
SHOP	Shopify Inc.	1,630	$262,381
TTD	Trade Desk, Inc.	6,491	$246,398
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

98 positions · $180,724,721 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 98 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	35,925	+271	$23,363,464	−3.9%	12.93%
AAPL	Apple Inc. Technology	Reduced	33,767	-9,608	$8,569,726	−27.3%	4.74%
MSFT	Microsoft Corp Technology	Reduced	22,781	-1,163	$8,432,842	−27.2%	4.67%
GS	Goldman Sachs Group Inc Financial Services	Added	7,175	+4	$6,069,978	−3.7%	3.36%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	20,504	-166	$6,031,456	−9.4%	3.34%
GOOGL	Alphabet Inc. Communication Services	Reduced	20,793	-97	$5,979,235	−8.6%	3.31%
WMT	Walmart Inc. Consumer Defensive	Reduced	43,192	-508	$5,367,901	+10.3%	2.97%
GLW	Corning Inc /Ny Technology	Added	33,030	+4	$4,491,089	+55.3%	2.49%
JNJ	Johnson & Johnson Healthcare	Reduced	18,156	-14	$4,438,052	+18.0%	2.46%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	19,198	-665	$3,998,367	−12.8%	2.21%
NVDA	Nvidia Corp Technology	Reduced	21,590	-907	$3,765,296	−10.3%	2.08%
LLY	ELI LILLY & Co Healthcare	Added	3,249	+94	$2,988,332	−11.9%	1.65%
ABBV	AbbVie Inc. Healthcare	Added	13,279	+502	$2,888,049	−1.1%	1.60%
AMGN	Amgen Inc Healthcare	Added	7,694	+243	$2,707,133	+11.0%	1.50%
CVX	Chevron Corp Energy	Added	12,426	+45	$2,570,939	+36.2%	1.42%
XOM	Exxon Mobil Corp Energy	Reduced	15,075	-954	$2,557,624	+32.6%	1.42%
CAT	Caterpillar Inc Industrials	Reduced	3,544	-323	$2,510,782	+13.3%	1.39%
PEP	Pepsico Inc Consumer Defensive	Reduced	16,105	-26	$2,500,945	+8.0%	1.38%
SCHW	Schwab Charles Corp Financial Services	Added	25,277	+556	$2,375,532	−3.8%	1.31%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	15,966	-21	$2,306,129	+0.7%	1.28%
SYK	Stryker Corp Healthcare	Added	6,831	+8	$2,244,598	−6.4%	1.24%
V	Visa Inc. Financial Services	Added	7,366	+5	$2,226,299	−13.8%	1.23%
TT	Trane Technologies plc Industrials	Added	5,300	+42	$2,208,722	+7.9%	1.22%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,422	+30	$2,112,131	−4.0%	1.17%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	13,322	+30	$2,095,284	−2.7%	1.16%
GLD	Spdr Gold Trust	Reduced	4,816	-2,295	$2,072,276	−26.5%	1.15%
KO	Coca Cola Co Consumer Defensive	Added	27,055	+6,015	$2,057,532	+39.9%	1.14%
WM	Waste Management Inc Industrials	Added	8,889	+30	$2,042,603	+4.9%	1.13%
PWR	Quanta Services, Inc. Industrials	Added	3,689	+96	$2,025,334	+33.6%	1.12%
QQQ	Invesco Qqq Trust, Series 1	Reduced	3,452	-871	$1,992,425	−25.0%	1.10%
PLTR	Palantir Technologies Inc. Technology	Reduced	13,562	-340	$1,983,849	−19.7%	1.10%
JCI	Johnson Controls International plc Industrials	Held	14,780	0	$1,935,441	+9.4%	1.07%
CSX	Csx Corp Industrials	Reduced	45,459	-925	$1,866,091	+11.0%	1.03%
CSCO	Cisco Systems, Inc. Technology	Added	23,625	+104	$1,833,063	+1.2%	1.01%
IBM	International Business Machines Corp Technology	Added	7,346	+224	$1,780,596	−15.6%	0.99%
BAC	Bank Of America Corp /De/ Financial Services	Added	34,653	+2,781	$1,689,333	−3.6%	0.93%
WMB	Williams Companies, Inc. Energy	Added	23,187	+572	$1,687,549	+24.1%	0.93%
HOOD	Robinhood Markets, Inc. Financial Services	Added	23,691	+675	$1,641,786	−36.9%	0.91%
MU	Micron Technology Inc Technology	Added	4,719	+2	$1,594,266	+18.4%	0.88%
ITW	Illinois Tool Works Inc Industrials	Reduced	5,918	-44	$1,540,396	+4.9%	0.85%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	1,532	+38	$1,526,530	+18.5%	0.84%
NEE	Nextera Energy Inc Utilities	Added	16,116	+670	$1,496,854	+20.7%	0.83%
BMY	Bristol Myers Squibb Co Healthcare	Added	23,789	+13,125	$1,442,802	+150.8%	0.80%
ETN	Eaton Corp plc Industrials	Added	3,611	+33	$1,291,546	+13.3%	0.71%
MCD	Mcdonalds Corp Consumer Cyclical	Held	4,064	0	$1,263,050	+1.7%	0.70%
ABT	Abbott Laboratories Healthcare	Reduced	12,058	-1,200	$1,237,994	−25.5%	0.69%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	10,397	-85	$1,233,396	+1.4%	0.68%
AXP	American Express Co Financial Services	Added	3,930	+91	$1,188,746	−16.3%	0.66%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,408	-135	$1,153,913	−9.7%	0.64%
LMT	Lockheed Martin Corp Industrials	Held	1,819	0	$1,099,385	+25.0%	0.61%