Aspen Investment Management Inc

Registered adviser

CIK

1541596

Location

GRAND RAPIDS, MI

Portfolio Value

Small $348,910,804

Diversification

Diversified

Filing Date

Global Rank

#4,615 / 8,827 ▲ 18 · as of Jun 2026

Top Industry

Drug Manufacturers - General 11.5%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 112081

Roster of Nov 1, 2026

Regulatory AUM

$452,463,427

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$452,463,427	Individuals and high net worth (99%)
Mar 2025 to Mar 2026	$285,662,327	Individuals and high net worth (99%)
Apr 2024 to Feb 2025	$257,081,775	Individuals and high net worth (99%)
May 2023 to Mar 2024	$247,716,089	Individuals and high net worth (99%)
Apr 2023	$247,716,089	Individuals and high net worth (99%)
Mar 2022 to Mar 2023	$264,207,628	Individuals and high net worth (99%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 46.6%, 24.3 effective positions, active share 61.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

10.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.0 quarters (12+), a floor since 63.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 61.7%; sector active share 38.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

182 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

15.6%

−0.0 pts

Top 5

34.4%

+1.0 pts

Top 10

48.9%

+2.3 pts

HHI

424

Diversified+12

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	48.4%	$168,809,259	83
Technology	16.1%	$56,228,777	23
Financial Services	9.4%	$32,625,188	20
Healthcare	7.7%	$26,819,633	16
Industrials	5.8%	$20,332,221	12
Consumer Defensive	3.9%	$13,776,199	7
Communication Services	2.9%	$9,997,130	4
Consumer Cyclical	2.5%	$8,891,606	6
Energy	2.4%	$8,274,607	5
Utilities	0.6%	$2,178,467	3
Real Estate	0.2%	$767,592	2
Basic Materials	0.1%	$210,125	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	+54,065	206,802	$3,763,796
SCHD	Schwab U.S. Dividend Equity ETF	+18,649	157,501	$5,123,507
SCHE	Schwab Emerging Markets Equity ETF	+13,040	34,692	$1,264,523
PFE	Pfizer Inc	+10,010	48,016	$1,369,416
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+8,416	167,299	$8,570,727
NVDA	Nvidia Corp	+6,886	29,158	$6,659,104
VNQ	VANGUARD REAL ESTATE INDEX FUND	+6,451	38,083	$3,413,379
SCHX	Schwab U.S. Large-Cap ETF	+5,030	95,247	$2,857,410
IEMG	iShares Trust	+4,810	21,416	$0
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	+4,718	166,758	$8,396,265
JPST	JPMorgan Ultra-Short Income ETF	+3,488	8,066	$406,284
FPE	First Trust Preferred Securities and Income ETF	+2,979	249,926	$4,261,238
WMB	Williams Companies, Inc.	+2,008	25,209	$1,713,455
MRK	Merck & Co., Inc.	+1,910	8,220	$1,194,448
IEFA	iShares Core MSCI EAFE ETF	+1,740	109,036	$10,563,407
SGOV	iShares 0-3 Month Treasury Bond ETF	+1,010	20,753	$2,089,412
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	+1,005	165,668	$3,334,896
CMF	iShares California Muni Bond ETF	+1,000	13,410	$725,749
VST	Vistra Corp.	+900	2,500	$345,875
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	+722	58,772	$2,317,967
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	+700	192,359	$3,759,656
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+629	27,050	$1,604,335
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+616	59,965	$3,687,847
FTSL	First Trust Senior Loan Fund	+402	72,736	$3,241,843
—		+355	11,204	$0
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPYI	NEOS S&P 500(R) High Income ETF	−42,350	15,955	$848,327
ETD	Ethan Allen Interiors Inc	−4,200	14,246	$297,883
JEPI	JPMorgan Equity Premium Income ETF	−2,903	31,439	$1,767,500
MRNA	Moderna, Inc.	−2,785	7,005	$1,348,952
HBAN	Huntington Bancshares Inc	−2,440	37,693	$575,195
WMT	Walmart Inc.	−1,732	41,153	$4,276,619
GLW	Corning Inc	−1,479	28,498	$4,381,852
URA	Global X Uranium ETF	−1,115	5,705	$227,344
—		−1,100	6,980	$0
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	−1,085	38,690	$755,228
SPY	Spdr S&P 500 ETF Trust	−901	32,399	$24,708,449
DON	WisdomTree U.S. Midcap Dividend Fund	−670	8,960	$483,392
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	−625	6,490	$397,577
IAU	Ishares Gold Trust	−600	4,808	$375,504
SCHA	Schwab U.S. Small-Cap ETF	−592	79,851	$2,605,538
—		−525	27,675	$0
DIS	Walt Disney Co	−515	1,917	$201,093
CSX	Csx Corp	−509	44,877	$2,087,229
ADP	Automatic Data Processing Inc	−485	4,270	$1,101,916
YOU	Clear Secure, Inc.	−474	10,298	$432,001
—		−400	10,475	$0
EMLP	First Trust North American Energy Infrastructure Fund	−400	14,270	$584,927
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	−389	8,696	$1,092,826
HOOD	Robinhood Markets, Inc.	−359	15,097	$1,698,412
SYK	Stryker Corp	−355	6,336	$1,744,871
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
BSCU	Invesco BulletShares 2030 Corporate Bond ETF	60,443	$975,550
ACI	Albertsons Companies, Inc.	46,795	$543,289
OKTA	Okta, Inc.	1,202	$251,350
QQQI	NEOS Nasdaq-100(R) High Income ETF	3,629	$201,590
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	87,715	$1,959,553
SWKS	Skyworks Solutions, Inc.	4,145	$281,031
HSIC	Henry Schein Inc	3,000	$250,560
CBT	Cabot Corp	2,750	$249,755
MYRG	Myr Group Inc.	453	$226,681
GNRC	Generac Holdings Inc.	739	$216,386
BE	Bloom Energy Corp	689	$208,560
FELE	Franklin Electric Co Inc	1,900	$203,661
RSG	Republic Services, Inc.	945	$201,360
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

182 tracked positions · $348,910,804 total · filing declares 182 positions · $369,974 · as of Sep 30, 2026

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

Showing 1–50 of 182 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	32,399	-901	$24,708,449	−0.6%	7.08%
MSFT	Microsoft Corp Technology	Reduced	22,942	-253	$11,766,951	+36.0%	3.37%
IWM	iShares Russell 2000 ETF	Added	41,542	+325	$11,544,106	−6.8%	3.31%
AAPL	Apple Inc. Technology	Reduced	34,119	-180	$11,362,309	+14.5%	3.26%
IEFA	iShares Core MSCI EAFE ETF	Added	109,036	+1,740	$10,563,407	+1.9%	3.03%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Added	167,299	+8,416	$8,570,727	+2.9%	2.46%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Added	166,758	+4,718	$8,396,265	−2.5%	2.41%
GOOGL	Alphabet Inc. Communication Services	Added	20,968	+118	$7,214,669	−3.2%	2.07%
VIG	Vanguard Specialized Funds	Reduced	29,110	-150	$6,791,654	−1.9%	1.95%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	20,514	-26	$6,786,646	+0.9%	1.95%
NVDA	Nvidia Corp Technology	Added	29,158	+6,886	$6,659,104	+49.4%	1.91%
GS	Goldman Sachs Group Inc Financial Services	Reduced	6,919	-223	$6,229,590	−13.8%	1.79%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	15,238	-111	$5,702,669	+0.4%	1.63%
SCHD	Schwab U.S. Dividend Equity ETF	Added	157,501	+18,649	$5,123,507	+16.4%	1.47%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	20,030	-70	$4,990,474	+4.2%	1.43%
IVV	iShares Core S&P 500 ETF	Added	6,407	+4	$4,906,800	+2.3%	1.41%
JNJ	Johnson & Johnson Healthcare	Added	18,494	+36	$4,896,101	+4.4%	1.40%
GLW	Corning Inc Technology	Reduced	28,498	-1,479	$4,381,852	−42.8%	1.26%
MU	Micron Technology Inc Technology	Added	4,061	+1	$4,325,411	−7.7%	1.24%
WMT	Walmart Inc. Consumer Defensive	Reduced	41,153	-1,732	$4,276,619	−12.0%	1.23%
FPE	First Trust Preferred Securities and Income ETF	Added	249,926	+2,979	$4,261,238	−3.5%	1.22%
LLY	ELI LILLY & Co Healthcare	Added	3,350	+1	$3,876,218	−3.5%	1.11%
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	Added	206,802	+54,065	$3,763,796	+32.7%	1.08%
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	Added	192,359	+700	$3,759,656	+0.0%	1.08%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Added	59,965	+616	$3,687,847	+17.0%	1.06%
ABBV	AbbVie Inc. Healthcare	Added	13,911	+129	$3,638,978	+4.9%	1.04%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	38,083	+6,451	$3,413,379	+11.9%	0.98%
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	Added	165,668	+1,005	$3,334,896	−0.6%	0.96%
AMGN	Amgen Inc Healthcare	Added	7,748	+103	$3,265,859	+18.0%	0.94%
FTSL	First Trust Senior Loan Fund	Added	72,736	+402	$3,241,843	+0.2%	0.93%
SCHX	Schwab U.S. Large-Cap ETF	Added	95,247	+5,030	$2,857,410	+7.6%	0.82%
CAT	Caterpillar Inc Industrials	Reduced	3,428	-87	$2,779,388	−25.7%	0.80%
V	Visa Inc. Financial Services	Added	7,450	+19	$2,677,008	+5.0%	0.77%
MRVL	Marvell Technology, Inc. Technology	Added	10,071	+327	$2,660,858	−8.3%	0.76%
PLTR	Palantir Technologies Inc. Technology	Reduced	14,204	-200	$2,656,858	+58.1%	0.76%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	79,851	-592	$2,605,538	−10.4%	0.75%
CSCO	Cisco Systems, Inc. Technology	Added	23,767	+63	$2,558,042	−8.1%	0.73%
HYS	PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund	Reduced	28,049	-138	$2,537,873	−3.7%	0.73%
CVX	Chevron Corp Energy	Reduced	12,343	-13	$2,520,564	+23.1%	0.72%
SCHW	Schwab Charles Corp Financial Services	Reduced	25,629	-168	$2,504,978	+5.2%	0.72%
XOM	ExxonMobil Holdings Corp Energy	Reduced	15,021	-10	$2,444,667	+19.0%	0.70%
PWR	Quanta Services, Inc. Industrials	Reduced	3,802	-17	$2,442,823	−11.2%	0.70%
TT	Trane Technologies plc Industrials	Reduced	5,304	-65	$2,397,301	−9.1%	0.69%
KO	Coca Cola Co Consumer Defensive	Added	27,258	+24	$2,346,368	+6.0%	0.67%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Added	58,772	+722	$2,317,967	−11.9%	0.66%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	15,912	-26	$2,311,695	−1.1%	0.66%
IWB	iShares Russell 1000 ETF	Added	5,372	+3	$2,235,450	+1.7%	0.64%
DES	WisdomTree U.S. SmallCap Dividend Fund	Reduced	58,555	-123	$2,219,234	−7.0%	0.64%
JCI	Johnson Controls International plc Industrials	Held	14,730	0	$2,189,614	+1.7%	0.63%
GOOG	Alphabet Inc. Communication Services	Reduced	6,169	-24	$2,102,025	−3.9%	0.60%

Showing the top 50 of 182 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.