Aspen Investment Management Inc
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), Aspen Investment Management Inc reported 187 stock positions worth $372.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.7% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 3.8%) and iShares Russell 2000 ETF (IWM, 3.3%). Compared with Q1 2026, it opened 18 new positions, sold out of 2, added to 79 and reduced 61. The biggest buy was Marvell Technology (MRVL, shares +15%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND RAPIDS, MI
- CIK
- 0001541596
- Portfolio Value
- $372.0M (Q2 2026)
- SEC Filing
- 0001541596-26-000003 ↗ filed Jul 17, 2026
Holdings Value
Holdings 187 stocks · $372.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 6.69% | 33,300 | $24.9M | Reduce -7.3% |
| RSP Invesco S&P 500 Equal Weight | 3.82% | 66,777 | $14.2M | Add +1.6% |
| IWM iShares Russell 2000 ETF | 3.33% | 41,217 | $12.4M | Add +6.8% |
| IEFA iShares Core MSCI Eafe ETF | 2.79% | 107,296 | $10.4M | Add +3.2% |
| AAPL Apple Inc. | 2.67% | 34,299 | $9.9M | Add +1.6% |
| MSFT Microsoft Corp. | 2.33% | 23,195 | $8.7M | Add +1.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.32% | 162,040 | $8.6M | Add +2.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.24% | 158,883 | $8.3M | Add +4.5% |
| GLW Corning Inc. | 2.06% | 29,977 | $7.7M | Reduce -9.2% |
| GOOGL Alphabet Inc. Class A | 2.00% | 20,850 | $7.5M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 1.94% | 7,142 | $7.2M | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 1.86% | 29,260 | $6.9M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.81% | 20,540 | $6.7M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.53% | 15,349 | $5.7M | Add +6.4% |
| WMT Walmart Inc. | 1.31% | 42,885 | $4.9M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 1.29% | 6,403 | $4.8M | Add +13.1% |
| AMZN Amazon.com Inc. | 1.29% | 20,100 | $4.8M | Add +4.7% |
| JNJ Johnson & Johnson | 1.26% | 18,458 | $4.7M | Add +1.7% |
| MU Micron Technology Inc. | 1.26% | 4,060 | $4.7M | Reduce -14.0% |
| NVDA Nvidia Corp. | 1.20% | 22,272 | $4.5M | Add +3.2% |
| FPE FT-Preferred Secur & Inc. ETF | 1.19% | 246,947 | $4.4M | Reduce -0.1% |
| SCHD Schwab US DVD Equity ETF | 1.18% | 138,852 | $4.4M | Add +49.1% |
| LLY Eli Lilly & Co. | 1.08% | 3,349 | $4.0M | Add +3.1% |
| BSCR Invesco Bulletshares 2027 CB | 1.01% | 191,659 | $3.8M | Add +0.5% |
| CAT Caterpillar Inc. | 1.01% | 3,515 | $3.7M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.93% | 13,782 | $3.5M | Add +3.8% |
| BSCS Invesco Bulletshares 2028 CB | 0.90% | 164,663 | $3.4M | Add +0.8% |
| FTSL First Trust Senior Loan ETF | 0.87% | 72,334 | $3.2M | Reduce -1.2% |
| XLE SS Energy Select Sector | 0.85% | 59,349 | $3.2M | Add +0.2% |
| SPYI Neos S&P 500 High Income ETF | 0.83% | 58,305 | $3.1M | Add +2.6% |
| VNQ Vanguard Real Estate ETF | 0.82% | 31,632 | $3.0M | Add +48.2% |
| SCHA Schwab US Small-Cap ETF | 0.78% | 80,443 | $2.9M | Reduce -0.2% |
| MRVL Marvell Technology Inc. | 0.78% | 9,744 | $2.9M | Add +14.7% |
| BSCT Invesco Bulletshares 2029 CB | 0.76% | 152,737 | $2.8M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.75% | 23,704 | $2.8M | Add +0.3% |
| AMGN Amgen Inc. | 0.74% | 7,645 | $2.8M | Reduce -0.6% |
| PWR Quanta Services Inc. | 0.74% | 3,819 | $2.8M | Add +3.5% |
| SCHX Schwab US Large-Cap ETF | 0.71% | 90,217 | $2.7M | Add +5.2% |
| TT Trane Technologies PLC | 0.71% | 5,369 | $2.6M | Add +1.3% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.71% | 28,187 | $2.6M | Add +0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.71% | 58,050 | $2.6M | Add +1.0% |
| V Visa Inc. Class A | 0.69% | 7,431 | $2.5M | Add +0.9% |
| DES Wisdomtree US Smallcap Divid | 0.64% | 58,678 | $2.4M | Add +1.6% |
| SCHW Schwab (charles) Corp. | 0.64% | 25,797 | $2.4M | Add +2.1% |
| PG The Procter & Gamble Co. | 0.63% | 15,938 | $2.3M | Reduce -0.2% |
| HD Home Depot Inc. | 0.60% | 6,374 | $2.2M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.59% | 27,234 | $2.2M | Add +0.7% |
| PEP Pepsico Inc. | 0.59% | 16,302 | $2.2M | Add +1.2% |
| IWB iShares Russell 1000 ETF | 0.59% | 5,369 | $2.2M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.59% | 6,193 | $2.2M | Add +0.8% |
| CSX CSX Corp. | 0.58% | 45,386 | $2.2M | Reduce -0.2% |
| JCI Johnson Controls Internation | 0.58% | 14,730 | $2.2M | Reduce -0.3% |
| SYK Stryker Corp. | 0.57% | 6,691 | $2.1M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.55% | 7,323 | $2.1M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.55% | 15,031 | $2.1M | Reduce -0.3% |
| CVX Chevron Corp. | 0.55% | 12,356 | $2.0M | Reduce -0.6% |
| SCHF Schwab Intl Equity ETF | 0.55% | 73,677 | $2.0M | Reduce -1.8% |
| SGOV iShares 0-3 Month Treasury B | 0.53% | 19,743 | $2.0M | Add +13.4% |
| TLTW iShares 20+ Bond Buywrite | 0.53% | 87,715 | $2.0M | Add +5.0% |
| BAC Bank of America Corp. | 0.52% | 34,239 | $2.0M | Reduce -1.2% |
| JEPI JPMorgan Equity Premium Inco | 0.52% | 34,342 | $1.9M | Add +12.8% |
| WM Waste Management Inc. | 0.50% | 8,415 | $1.9M | Reduce -5.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.48% | 2,424 | $1.8M | Reduce -29.8% |
| WMB Williams Cos Inc. | 0.46% | 23,201 | $1.7M | Add +0.1% |
| INTC Intel Corp. | 0.46% | 12,214 | $1.7M | Reduce -5.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.45% | 20,889 | $1.7M | Reduce -2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.45% | 14,404 | $1.7M | Add +6.2% |
| ICE Intercontinental Exchange Inc. | 0.44% | 13,229 | $1.6M | Reduce -0.7% |
| ITW Illinois Tool Works | 0.43% | 5,919 | $1.6M | Add +0.0% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 26,421 | $1.6M | Add +4.2% |
| XLI SS Industrial Select Sector | 0.42% | 8,463 | $1.6M | Reduce -1.9% |
| ETN Eaton Corp. PLC | 0.42% | 3,679 | $1.6M | Add +1.9% |
| HOOD Robinhood Markets Inc. Class A | 0.42% | 15,456 | $1.6M | Reduce -34.8% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 4,086 | $1.5M | Add +13.8% |
| BNY Bank of New York Mellon Corp. | 0.41% | 10,487 | $1.5M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 0.40% | 2,157 | $1.5M | Add +1.2% |
| COST Costco Wholesale Corp. | 0.40% | 1,580 | $1.5M | Add +3.1% |
| VOX Vanguard Communication Servi | 0.40% | 8,027 | $1.5M | Reduce -1.2% |
| AXP American Express Co. | 0.39% | 4,329 | $1.5M | Add +10.2% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 25,285 | $1.5M | Add +6.3% |
| NEE Nextera Energy Inc. | 0.38% | 16,292 | $1.4M | Add +1.1% |
| VYM Vanguard High DVD Yield ETF | 0.37% | 8,715 | $1.4M | No change |
| IEMG iShares Core MSCI Emerging | 0.37% | 16,606 | $1.4M | Add +13.6% |
| XLK SS Technology Select Sector | 0.37% | 7,144 | $1.4M | Add +2.5% |
| EFA iShares MSCI Eafe ETF | 0.35% | 12,653 | $1.3M | Reduce -1.9% |
| GLD SPDR Gold Shares | 0.34% | 3,389 | $1.2M | Reduce -29.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.32% | 3,493 | $1.2M | Add +0.1% |
| FICO Fair Isaac Corp. | 0.32% | 1,003 | $1.2M | Reduce -0.1% |
| QLTY GMO U.S. Quality ETF | 0.32% | 28,200 | $1.2M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 2,293 | $1.1M | Reduce -4.8% |
| MCD McDonald's Corp. | 0.30% | 4,064 | $1.1M | No change |
| VGT Vanguard Info Tech ETF | 0.29% | 9,085 | $1.1M | Add +24.9% |
| ADP Automatic Data Processing | 0.29% | 4,755 | $1.1M | Reduce -3.8% |
| TXN Texas Instruments Inc. | 0.28% | 3,541 | $1.1M | Reduce -1.9% |
| SCHC Schwab Intl Small-Cap Equity | 0.28% | 21,584 | $1.0M | No change |
| GEV GE Vernova Inc. | 0.27% | 859 | $1.0M | Add +30.6% |
| ABT Abbott Laboratories | 0.26% | 10,742 | $975K | Reduce -10.9% |
| CIBR First Trust Nasdaq Cybersecu | 0.26% | 10,849 | $975K | Add +13.4% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 12,351 | $952K | Add +14.2% |
| EW Edwards Lifesciences Corp. | 0.25% | 10,381 | $939K | Reduce -0.7% |
Portfolio Sells Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 6.69% | −0.47 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -58.4% | 0.21% | −0.36 |
| WMT Walmart Inc. | Reduce -0.7% | 1.31% | −0.34 |
| GLD SPDR Gold Shares | Reduce -29.6% | 0.34% | −0.30 |
| CVX Chevron Corp. | Reduce -0.6% | 0.55% | −0.24 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.55% | −0.23 |
| ICE Intercontinental Exchange Inc. | Reduce -0.7% | 0.44% | −0.20 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -0.1% | 1.19% | −0.16 |
| FTSL First Trust Senior Loan ETF | Reduce -1.2% | 0.87% | −0.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -29.8% | 0.48% | −0.13 |
| XLV SS Health Care Select Sector | Reduce -49.4% | 0.11% | −0.12 |
| WM Waste Management Inc. | Reduce -5.3% | 0.50% | −0.12 |
| SYK Stryker Corp. | Reduce -2.0% | 0.57% | −0.12 |
| ABT Abbott Laboratories | Reduce -10.9% | 0.26% | −0.12 |
| BSX Boston Scientific Corp. | Reduce -14.1% | 0.11% | −0.10 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -2.8% | 0.24% | −0.09 |
| HOOD Robinhood Markets Inc. Class A | Reduce -34.8% | 0.42% | −0.09 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.74% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 0.63% | −0.08 |
| CLX Clorox Company | Sold out | 0.00% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -32.7% | 0.10% | −0.07 |
| MDT Medtronic PLC | Reduce -25.2% | 0.10% | −0.07 |
| SMH Vaneck Semiconductor ETF | Reduce -50.0% | 0.15% | −0.05 |
| VOX Vanguard Communication Servi | Reduce -1.2% | 0.40% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.8% | 0.31% | −0.05 |
| AVGO Broadcom Inc. | Reduce -27.7% | 0.15% | −0.05 |
| HD Home Depot Inc. | Reduce -0.8% | 0.60% | −0.04 |
| GMOI GMO International Value ETF | Reduce -24.5% | 0.08% | −0.04 |
| BCI Abrdn Bloomberg All Commodit | Reduce -2.6% | 0.13% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.1% | 0.22% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -5.6% | 0.13% | −0.04 |
| HCA HCA Healthcare Inc. | Reduce -1.8% | 0.08% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -1.9% | 0.35% | −0.03 |
| ETD Ethan Allen Interiors Inc. | Reduce -8.4% | 0.11% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -0.9% | 0.24% | −0.03 |
| URA Global X Uranium ETF | Reduce -1.9% | 0.08% | −0.02 |
| ADP Automatic Data Processing | Reduce -3.8% | 0.29% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -1.8% | 0.55% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -1.1% | 0.18% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.0% | 0.45% | −0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -3.8% | 0.21% | −0.02 |
| JCI Johnson Controls Internation | Reduce -0.3% | 0.58% | −0.01 |
| DIS The Walt Disney Co. | Reduce -4.9% | 0.06% | −0.01 |
| XLF SS Financial Select Sector | Reduce -5.9% | 0.11% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -7.5% | 0.19% | −0.01 |
| FICO Fair Isaac Corp. | Reduce -0.1% | 0.32% | −0.01 |
| IHDG Wisdomtree International Hed | Reduce -2.6% | 0.08% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -1.9% | 0.42% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -0.7% | 0.25% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| MRVL Marvell Technology Inc. | Add +14.7% | 0.78% | +0.52 |
| IWM iShares Russell 2000 ETF | Add +6.8% | 3.33% | +0.40 |
| SCHD Schwab US DVD Equity ETF | Add +49.1% | 1.18% | +0.31 |
| VNQ Vanguard Real Estate ETF | Add +48.2% | 0.82% | +0.24 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.75% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.00% | +0.17 |
| LLY Eli Lilly & Co. | Add +3.1% | 1.08% | +0.16 |
| PFE Pfizer Inc. | Add +302.1% | 0.25% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +13.1% | 1.29% | +0.16 |
| COPX Global X Copper Miners ETF | New | 0.14% | +0.14 |
| AMD Advanced Micro Devices | New | 0.13% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.12% | +0.12 |
| PWR Quanta Services Inc. | Add +3.5% | 0.74% | +0.12 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.4% | 1.53% | +0.11 |
| IGPT Invesco AI and Next Gen Soft | Add +10.9% | 0.24% | +0.10 |
| GE General Electric | Add +13.8% | 0.41% | +0.10 |
| FV First Trust DW Focus 5 Fund | New | 0.10% | +0.10 |
| VGT Vanguard Info Tech ETF | Add +24.9% | 0.29% | +0.10 |
| GEV GE Vernova Inc. | Add +30.6% | 0.27% | +0.10 |
| SMTC Semtech Corp. | New | 0.09% | +0.09 |
| PANW Palo Alto Networks Inc. | Add +6.3% | 0.18% | +0.09 |
| XLK SS Technology Select Sector | Add +2.5% | 0.37% | +0.08 |
| CIBR First Trust Nasdaq Cybersecu | Add +13.4% | 0.26% | +0.08 |
| ARM Arm Holdings PLC-ADR | New | 0.08% | +0.08 |
| SWKS Skyworks Solutions Inc. | New | 0.08% | +0.08 |
| IJR iShares Core S&P Small-Cap E | New | 0.07% | +0.07 |
| IXN iShares Global Tech ETF | New | 0.07% | +0.07 |
| VST Vistra Corp. | New | 0.07% | +0.07 |
| CBT Cabot Corp. | New | 0.07% | +0.07 |
| AMZN Amazon.com Inc. | Add +4.7% | 1.29% | +0.06 |
| JPST JPMorgan Ultra-Short Income | New | 0.06% | +0.06 |
| MYRG MYR Group Inc./Delaware | New | 0.06% | +0.06 |
| GILD Gilead Sciences Inc. | New | 0.06% | +0.06 |
| AVUV Avantis US Small Cap Value | New | 0.06% | +0.06 |
| GNRC Generac Holdings Inc. | New | 0.06% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +13.6% | 0.37% | +0.06 |
| BE Bloom Energy Corp. Class A | New | 0.06% | +0.06 |
| FELE Franklin Electric Co. Inc. | New | 0.05% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 0.59% | +0.05 |
| ABBV Abbvie Inc. | Add +3.8% | 0.93% | +0.05 |
| NVDA Nvidia Corp. | Add +3.2% | 1.20% | +0.04 |
| AAPL Apple Inc. | Add +1.6% | 2.67% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +5.2% | 0.71% | +0.04 |
| C Citigroup Inc. | Add +12.8% | 0.21% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +14.2% | 0.26% | +0.03 |
| TT Trane Technologies PLC | Add +1.3% | 0.71% | +0.03 |
| BNY Bank of New York Mellon Corp. | Add +0.9% | 0.41% | +0.03 |
| AXP American Express Co. | Add +10.2% | 0.39% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +36.1% | 0.11% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +33.9% | 0.12% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 187 | $372.0M | SPY, RSP, IWM, IEFA, AAPL |
| Q1 2026 | 171 | $326.5M | SPY, RSP, IWM, IEFA, AAPL |
| Q4 2025 | 176 | $331.3M | SPY, RSP, AAPL, MSFT, IWM |
| Q3 2025 | 149 | $258.8M | SPY, RSP, MSFT, IWM, IEFA |
| Q2 2025 | 147 | $237.8M | SPY, RSP, MSFT, IWM, IEFA |
| Q1 2025 | 146 | $216.9M | SPY, RSP, IGIB, MSFT, IWM |
| Q4 2024 | 141 | $215.4M | SPY, RSP, IWM, MSFT, IGIB |
| Q3 2024 | 147 | $214.4M | SPY, RSP, IWM, MSFT, IGIB |
| Q2 2024 | 148 | $200.4M | SPY, RSP, MSFT, IWM, IGIB |
| Q1 2024 | 153 | $196.9M | SPY, MSFT, RSP, IWM, IEFA |