Aspen Investment Management Inc

Name: Aspen Investment Management Inc 13F holdings, Q2 2024
Creator: Aspen Investment Management Inc
Published: 2024-07-26

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

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
MPC Marathon Petroleum Corp.	0.23%	2,676	$464K	Add +16.3%
DON Wisdomtree US Midcap Dividen	0.23%	9,730	$455K	Reduce -0.3%
OEF iShares S&P 100 ETF	0.22%	1,700	$449K	No change
ALLY Ally Financial Inc.	0.22%	11,120	$441K	New
MAR Marriott International Class A	0.22%	1,818	$440K	Add +0.6%
ORCL Oracle Corp.	0.22%	3,072	$434K	No change
SCHD Schwab US DVD Equity ETF	0.21%	5,341	$416K	Add +4.0%
CIBR First Trust Nasdaq Cybersecu	0.19%	6,894	$389K	New
XLE SS Energy Select Sector	0.19%	4,094	$373K	No change
WDAY Workday Inc. Class A	0.18%	1,650	$369K	Add +3.1%
DE Deere & Co.	0.18%	960	$359K	Reduce -5.0%
VIG Vanguard Dividend Apprec ETF	0.18%	1,939	$354K	No change
PINS Pinterest Inc. Class A	0.17%	7,890	$348K	Reduce -49.0%
BMY Bristol-Myers Squibb Co.	0.17%	8,364	$347K	Reduce -1.2%
GE General Electric filed as GE AEROSPACE	0.17%	2,180	$347K	Reduce -3.3%
MDT Medtronic PLC	0.17%	4,414	$347K	Reduce -5.0%
XLV SS Health Care Select Sector	0.17%	2,372	$346K	Add +10.9%
UNH Unitedhealth Group Inc.	0.17%	658	$335K	No change
COST Costco Wholesale Corp.	0.17%	393	$334K	Reduce -1.3%
AIG American International Group	0.16%	4,340	$322K	Add +60.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.16%	3,220	$320K	Reduce -6.0%
PWR Quanta Services Inc.	0.16%	1,254	$319K	Add +3.7%
TRV The Travelers Cos Inc.	0.15%	1,522	$309K	No change
MNST Monster Beverage Corp.	0.15%	6,112	$305K	Reduce -0.1%
MRVL Marvell Technology Inc.	0.15%	4,311	$301K	Add +0.1%
SCHG Schwab US Large-Cap Growth	0.15%	2,987	$301K	Add +18.5%
XLF SS Financial Select Sector	0.15%	7,333	$301K	No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.15%	3,260	$292K	Add +4.8%
MCD McDonald's Corp.	0.14%	1,066	$272K	Reduce -0.4%
IJH iShares Core S&P Midcap ETF	0.13%	4,428	$259K	Add +10.7%
IHDG Wisdomtree International Hed	0.13%	5,650	$258K	Reduce -2.6%
PAYX Paychex Inc.	0.12%	2,105	$250K	Reduce -3.4%
IWF iShares Russell 1000 Growth	0.12%	680	$248K	Add +13.3%
VYM Vanguard High DVD Yield ETF	0.12%	2,075	$246K	No change
SCHV Schwab US Large-Cap Value	0.12%	3,180	$236K	Add +3.3%
DTE DTE Energy Company	0.12%	2,088	$232K	No change
MSI Motorola Solutions Inc.	0.12%	600	$232K	No change
MCK McKesson Corp.	0.12%	395	$231K	Reduce -34.7%
RSG Republic Services Inc.	0.11%	1,185	$230K	No change
MHO M/I Homes Inc.	0.11%	1,870	$228K	Add +0.5%
HCA HCA Healthcare Inc.	0.11%	703	$226K	Reduce -0.7%
SHW The Sherwin-Williams Co.	0.11%	750	$224K	No change
IWR iShares Russell Mid-Cap ETF	0.11%	2,700	$219K	No change
QQQX Nuveen Nasdaq 100 DYN Overwr	0.10%	8,150	$204K	New
C Citigroup Inc.	0.10%	3,189	$202K	No change
DOCU Docusign Inc.	0.10%	3,750	$201K	Reduce -1.6%
RTX RTX Corp.	0.10%	2,000	$201K	New
GLW Corning Inc.	0.10%	5,140	$200K	New

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