Aspen Investment Management Inc
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), Aspen Investment Management Inc reported 148 stock positions worth $200.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 4.2%) and Microsoft (MSFT, 4.2%). Compared with Q1 2024, it opened 6 new positions, sold out of 11, added to 61 and reduced 60. The biggest buy was SPDR Gold Shares (GLD, shares +355%) and the biggest sale an exit from Advanced Micro Devices (AMD).
- Most Recent 13F
- Q2 2026
- Location
- GRAND RAPIDS, MI
- CIK
- 0001541596
- Portfolio Value
- $200.4M (Q2 2024)
- SEC Filing
- 0001982273-24-000003 ↗ filed Jul 26, 2024
Holdings Value
Holdings 148 stocks · $200.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.89% | 32,731 | $17.8M | Add +6.2% |
| RSP Invesco S&P 500 Equal Weight | 4.21% | 51,355 | $8.4M | Add +12.8% |
| MSFT Microsoft Corp. | 4.21% | 18,856 | $8.4M | Add +0.7% |
| IWM iShares Russell 2000 ETF | 3.00% | 29,611 | $6.0M | Add +1.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.93% | 114,616 | $5.9M | Add +4.4% |
| IEFA iShares Core MSCI Eafe ETF | 2.83% | 78,177 | $5.7M | Reduce -0.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.10% | 82,261 | $4.2M | Add +14.4% |
| FPE FT-Preferred Secur & Inc. ETF | 1.88% | 216,683 | $3.8M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.83% | 18,140 | $3.7M | Reduce -1.6% |
| AAPL Apple Inc. | 1.82% | 17,295 | $3.6M | Reduce -8.2% |
| FTSL First Trust Senior Loan ETF | 1.61% | 70,524 | $3.2M | Reduce -5.6% |
| IVV iShares Core S&P 500 ETF | 1.57% | 5,736 | $3.1M | No change |
| AMZN Amazon.com Inc. | 1.53% | 15,892 | $3.1M | Reduce -1.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.49% | 37,249 | $3.0M | Add +0.9% |
| WMT Walmart Inc. | 1.49% | 44,070 | $3.0M | Add +1.1% |
| BSCR Invesco Bulletshares 2027 CB | 1.40% | 145,470 | $2.8M | Reduce -1.9% |
| GS Goldman Sachs Group Inc. | 1.36% | 6,026 | $2.7M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 1.35% | 14,891 | $2.7M | Add +44.5% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 1.24% | 26,852 | $2.5M | Reduce -2.4% |
| GLD SPDR Gold Shares | 1.19% | 11,132 | $2.4M | Add +354.9% |
| PEP Pepsico Inc. | 1.16% | 14,081 | $2.3M | Add +0.3% |
| FICO Fair Isaac Corp. | 1.09% | 1,465 | $2.2M | Reduce -4.9% |
| HD Home Depot Inc. | 1.07% | 6,258 | $2.2M | Reduce -0.1% |
| CSX CSX Corp. | 1.03% | 61,708 | $2.1M | Reduce -1.8% |
| VNQ Vanguard Real Estate ETF | 0.96% | 22,871 | $1.9M | Reduce -3.2% |
| BSCS Invesco Bulletshares 2028 CB | 0.95% | 95,565 | $1.9M | Reduce -1.7% |
| DES Wisdomtree US Smallcap Divid | 0.92% | 59,311 | $1.8M | Add +0.0% |
| V Visa Inc. Class A | 0.91% | 6,966 | $1.8M | Add +4.3% |
| WM Waste Management Inc. | 0.89% | 8,389 | $1.8M | Add +1.1% |
| JNJ Johnson & Johnson | 0.89% | 12,189 | $1.8M | Reduce -5.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.88% | 92,185 | $1.8M | Add +0.3% |
| TT Trane Technologies PLC | 0.87% | 5,305 | $1.7M | Add +0.9% |
| SCHA Schwab US Small-Cap ETF | 0.87% | 36,752 | $1.7M | Add +0.8% |
| BSCP Invesco Bulletshares 2025 CB | 0.87% | 85,016 | $1.7M | Add +0.3% |
| AMGN Amgen Inc. | 0.86% | 5,537 | $1.7M | Reduce -0.4% |
| ICE Intercontinental Exchange Inc. | 0.86% | 12,559 | $1.7M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.82% | 14,200 | $1.6M | Add +0.0% |
| CVX Chevron Corp. | 0.80% | 10,206 | $1.6M | Reduce -0.4% |
| SCHW Schwab (charles) Corp. | 0.79% | 21,551 | $1.6M | Add +1.8% |
| XLI SS Industrial Select Sector | 0.78% | 12,862 | $1.6M | Add +90.2% |
| SCHX Schwab US Large-Cap ETF | 0.77% | 24,028 | $1.5M | Add +2.9% |
| SCHF Schwab Intl Equity ETF | 0.75% | 39,040 | $1.5M | Add +0.2% |
| SYK Stryker Corp. | 0.75% | 4,389 | $1.5M | Add +0.5% |
| ITW Illinois Tool Works | 0.74% | 6,262 | $1.5M | Add +2.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.72% | 5,990 | $1.4M | Reduce -0.2% |
| HBAN Huntington Bancshares Inc. | 0.70% | 106,550 | $1.4M | Add +14.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.69% | 34,923 | $1.4M | Reduce -1.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.67% | 19,685 | $1.3M | New |
| ADP Automatic Data Processing | 0.62% | 5,168 | $1.2M | No change |
| PG The Procter & Gamble Co. | 0.62% | 7,477 | $1.2M | Add +3.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.57% | 3,005 | $1.2M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.55% | 8,975 | $1.1M | Add +11.6% |
| NEE Nextera Energy Inc. | 0.53% | 15,010 | $1.1M | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.52% | 2,058 | $1.0M | Add +59.5% |
| MDLZ Mondelez International Inc. Class A | 0.51% | 15,723 | $1.0M | Reduce -0.6% |
| CAT Caterpillar Inc. | 0.51% | 3,074 | $1.0M | Reduce -4.8% |
| JCI Johnson Controls Internation | 0.51% | 15,323 | $1.0M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 0.50% | 1,111 | $1.0M | Add +0.8% |
| EW Edwards Lifesciences Corp. | 0.50% | 10,876 | $1.0M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.50% | 5,803 | $1.0M | Reduce -32.1% |
| CSCO Cisco Systems Inc. | 0.49% | 20,803 | $988K | Reduce -3.6% |
| ETN Eaton Corp. PLC | 0.48% | 3,086 | $968K | Add +1.9% |
| ONTO Onto Innovation Inc. | 0.48% | 4,395 | $965K | Reduce -0.6% |
| EFA iShares MSCI Eafe ETF | 0.48% | 12,208 | $956K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.47% | 21,417 | $937K | Reduce -0.6% |
| LMT Lockheed Martin Corp. | 0.46% | 1,974 | $922K | Reduce -2.5% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.45% | 43,973 | $894K | Reduce -3.5% |
| ABBV Abbvie Inc. | 0.44% | 5,086 | $872K | Reduce -1.0% |
| WMB Williams Cos Inc. | 0.42% | 19,933 | $847K | Add +2.7% |
| IEMG iShares Core MSCI Emerging | 0.41% | 15,500 | $830K | Reduce -3.7% |
| TMO Thermo Fisher Scientific Inc. | 0.41% | 1,500 | $830K | No change |
| NVDA Nvidia Corp. | 0.41% | 6,679 | $825K | Reduce -25.0% |
| ABT Abbott Laboratories | 0.41% | 7,875 | $818K | Reduce -24.1% |
| PYPL PayPal Holdings Inc. | 0.39% | 13,466 | $781K | Add +0.5% |
| AXP American Express Co. | 0.38% | 3,315 | $768K | Reduce -1.2% |
| QCOM Qualcomm Inc. | 0.38% | 3,853 | $767K | Reduce -27.8% |
| MDY State Street SPDR S&P Midcap | 0.38% | 1,430 | $765K | No change |
| TXN Texas Instruments Inc. | 0.36% | 3,697 | $719K | Reduce -1.9% |
| XLB SS Materials Select Sector | 0.35% | 7,988 | $705K | Add +16.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.35% | 19,623 | $698K | Add +0.2% |
| IWB iShares Russell 1000 ETF | 0.35% | 2,342 | $697K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 11,560 | $692K | Add +41.5% |
| AMAT Applied Materials Inc. | 0.34% | 2,869 | $677K | Reduce -1.1% |
| KO The Coca-Cola Co. | 0.32% | 9,981 | $635K | Reduce -0.5% |
| INTC Intel Corp. | 0.32% | 20,519 | $635K | Reduce -24.4% |
| XLK SS Technology Select Sector | 0.31% | 2,750 | $622K | Reduce -5.2% |
| ETD Ethan Allen Interiors Inc. | 0.31% | 22,146 | $618K | Reduce -2.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.30% | 22,894 | $608K | Reduce -0.1% |
| SCHM Schwab US Mid Cap ETF | 0.30% | 7,698 | $599K | Add +1.2% |
| OC Owens Corning | 0.30% | 3,425 | $595K | Reduce -0.6% |
| COP Conocophillips | 0.30% | 5,188 | $593K | Add +2.0% |
| GOOG Alphabet Inc. Class C | 0.29% | 3,184 | $584K | Add +0.3% |
| WFC Wells Fargo & Co. | 0.28% | 9,480 | $563K | Reduce -1.0% |
| ELV Elevance Health Inc. | 0.27% | 1,004 | $544K | Add +4.4% |
| DUK Duke Energy Corp. | 0.25% | 5,061 | $507K | Reduce -3.3% |
| MET Metlife Inc. | 0.25% | 7,210 | $506K | Reduce -0.2% |
| CMF iShares California Muni Bond | 0.25% | 8,712 | $496K | Add +25.1% |
| PFE Pfizer Inc. | 0.24% | 17,301 | $484K | Reduce -3.9% |
| BSX Boston Scientific Corp. | 0.24% | 6,273 | $483K | Add +13.6% |
| EMLP First Trust North American E | 0.23% | 15,270 | $465K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.49 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.39 |
| KBE SS SPDR S&P Bank ETF | Sold out | 0.00% | −0.35 |
| IBM Intl Business Machines Corp. | Reduce -32.1% | 0.50% | −0.33 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.32 |
| BCC Boise Cascade Co. | Sold out | 0.00% | −0.32 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.31 |
| INTC Intel Corp. | Reduce -24.4% | 0.32% | −0.29 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.25 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.21 |
| ABT Abbott Laboratories | Reduce -24.1% | 0.41% | −0.19 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.16 |
| CSX CSX Corp. | Reduce -1.8% | 1.03% | −0.15 |
| HD Home Depot Inc. | Reduce -0.1% | 1.07% | −0.15 |
| FTSL First Trust Senior Loan ETF | Reduce -5.6% | 1.61% | −0.14 |
| JNJ Johnson & Johnson | Reduce -5.1% | 0.89% | −0.14 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.14 |
| IHG Intercontinental Hotels-ADR | Sold out | 0.00% | −0.13 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.2% | 2.83% | −0.12 |
| PINS Pinterest Inc. Class A | Reduce -49.0% | 0.17% | −0.10 |
| CAT Caterpillar Inc. | Reduce -4.8% | 0.51% | −0.09 |
| ETD Ethan Allen Interiors Inc. | Reduce -2.2% | 0.31% | −0.09 |
| VNQ Vanguard Real Estate ETF | Reduce -3.2% | 0.96% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -27.8% | 0.38% | −0.08 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Reduce -2.4% | 1.24% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.2% | 0.17% | −0.06 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -1.9% | 1.40% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -3.6% | 0.49% | −0.05 |
| DIS The Walt Disney Co. | Reduce -6.0% | 0.16% | −0.05 |
| MCK McKesson Corp. | Reduce -34.7% | 0.12% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.6% | 0.51% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -1.6% | 1.83% | −0.04 |
| ABBV Abbvie Inc. | Reduce -1.0% | 0.44% | −0.04 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -1.7% | 0.95% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.2% | 0.72% | −0.04 |
| MDT Medtronic PLC | Reduce -5.0% | 0.17% | −0.03 |
| MNST Monster Beverage Corp. | Reduce -0.1% | 0.15% | −0.03 |
| DE Deere & Co. | Reduce -5.0% | 0.18% | −0.03 |
| GE General Electric | Reduce -3.3% | 0.17% | −0.03 |
| CVX Chevron Corp. | Reduce -0.4% | 0.80% | −0.02 |
| MET Metlife Inc. | Reduce -0.2% | 0.25% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.14% | −0.02 |
| DOCU Docusign Inc. | Reduce -1.6% | 0.10% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.3% | 0.23% | −0.01 |
| PFE Pfizer Inc. | Reduce -3.9% | 0.24% | −0.01 |
| PAYX Paychex Inc. | Reduce -3.4% | 0.12% | −0.01 |
| BCI Abrdn Bloomberg All Commodit | Reduce -3.5% | 0.45% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -2.5% | 0.46% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -3.7% | 0.41% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -0.7% | 0.11% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| GLD SPDR Gold Shares | Add +354.9% | 1.19% | +0.94 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.2% | 8.89% | +0.71 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.67% | +0.67 |
| GOOGL Alphabet Inc. Class A | Add +44.5% | 1.35% | +0.56 |
| XLI SS Industrial Select Sector | Add +90.2% | 0.78% | +0.35 |
| RSP Invesco S&P 500 Equal Weight | Add +12.8% | 4.21% | +0.29 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +14.4% | 2.10% | +0.23 |
| ALLY Ally Financial Inc. | New | 0.22% | +0.22 |
| MSFT Microsoft Corp. | Add +0.7% | 4.21% | +0.20 |
| META Meta Platforms Inc. Class A | Add +59.5% | 0.52% | +0.20 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.19% | +0.19 |
| WMT Walmart Inc. | Add +1.1% | 1.49% | +0.16 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.9% | 1.49% | +0.12 |
| BNY Bank of New York Mellon Corp. | Add +41.5% | 0.35% | +0.11 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | New | 0.10% | +0.10 |
| RTX RTX Corp. | New | 0.10% | +0.10 |
| GLW Corning Inc. | New | 0.10% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +0.2% | 1.36% | +0.08 |
| TT Trane Technologies PLC | Add +0.9% | 0.87% | +0.07 |
| LLY Eli Lilly & Co. | Add +0.8% | 0.50% | +0.07 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +4.4% | 2.93% | +0.06 |
| AIG American International Group | Add +60.7% | 0.16% | +0.05 |
| BSX Boston Scientific Corp. | Add +13.6% | 0.24% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 0.29% | +0.05 |
| HBAN Huntington Bancshares Inc. | Add +14.9% | 0.70% | +0.04 |
| NEE Nextera Energy Inc. | Add +0.1% | 0.53% | +0.04 |
| CMF iShares California Muni Bond | Add +25.1% | 0.25% | +0.04 |
| WMB Williams Cos Inc. | Add +2.7% | 0.42% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +2.9% | 0.77% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +18.5% | 0.15% | +0.03 |
| XLB SS Materials Select Sector | Add +16.0% | 0.35% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +13.3% | 0.12% | +0.02 |
| IRM Iron Mountain Inc. | Add +4.8% | 0.15% | +0.02 |
| ELV Elevance Health Inc. | Add +4.4% | 0.27% | +0.02 |
| PG The Procter & Gamble Co. | Add +3.1% | 0.62% | +0.02 |
| MRK Merck & Co. Inc. | Add +11.6% | 0.55% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +1.8% | 0.79% | +0.01 |
| XLV SS Health Care Select Sector | Add +10.9% | 0.17% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +10.7% | 0.13% | +0.01 |
| ETN Eaton Corp. PLC | Add +1.9% | 0.48% | +0.00 |
| PWR Quanta Services Inc. | Add +3.7% | 0.16% | −0.00 |
| SCHV Schwab US Large-Cap Value | Add +3.3% | 0.12% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +4.0% | 0.21% | −0.00 |
| MPC Marathon Petroleum Corp. | Add +16.3% | 0.23% | −0.00 |
| MRVL Marvell Technology Inc. | Add +0.1% | 0.15% | −0.00 |
| WM Waste Management Inc. | Add +1.1% | 0.89% | −0.01 |
| SCHC Schwab Intl Small-Cap Equity | Add +0.2% | 0.35% | −0.01 |
| BSCP Invesco Bulletshares 2025 CB | Add +0.3% | 0.87% | −0.01 |
| MAR Marriott International Class A | Add +0.6% | 0.22% | −0.01 |
| ICE Intercontinental Exchange Inc. | Add +0.8% | 0.86% | −0.01 |
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 |