Aspen Investment Management Inc
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Aspen Investment Management Inc reported 171 stock positions worth $326.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 7.2% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 3.9%) and iShares Russell 2000 ETF (IWM, 2.9%). Compared with Q4 2025, it opened 5 new positions, sold out of 10, added to 81 and reduced 61. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale Apple (AAPL, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND RAPIDS, MI
- CIK
- 0001541596
- Portfolio Value
- $326.5M (Q1 2026)
- SEC Filing
- 0001541596-26-000002 ↗ filed Apr 15, 2026
Holdings Value
Holdings 171 stocks · $326.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 7.16% | 35,925 | $23.4M | Add +0.8% |
| RSP Invesco S&P 500 Equal Weight | 3.86% | 65,707 | $12.6M | Add +4.3% |
| IWM iShares Russell 2000 ETF | 2.93% | 38,605 | $9.6M | Add +0.7% |
| IEFA iShares Core MSCI Eafe ETF | 2.88% | 103,955 | $9.4M | Add +1.4% |
| AAPL Apple Inc. | 2.62% | 33,767 | $8.6M | Reduce -22.1% |
| MSFT Microsoft Corp. | 2.58% | 22,781 | $8.4M | Reduce -4.9% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.57% | 157,470 | $8.4M | Add +4.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.45% | 152,004 | $8.0M | Add +5.2% |
| VIG Vanguard Dividend Apprec ETF | 1.92% | 29,220 | $6.3M | Reduce -0.7% |
| GS Goldman Sachs Group Inc. | 1.86% | 7,175 | $6.1M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.85% | 20,504 | $6.0M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 1.83% | 20,793 | $6.0M | Reduce -0.5% |
| WMT Walmart Inc. | 1.64% | 43,192 | $5.4M | Reduce -1.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.42% | 14,424 | $4.6M | Reduce -0.9% |
| GLW Corning Inc. | 1.38% | 33,030 | $4.5M | Add +0.0% |
| JNJ Johnson & Johnson | 1.36% | 18,156 | $4.4M | Reduce -0.1% |
| FPE FT-Preferred Secur & Inc. ETF | 1.34% | 247,198 | $4.4M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.22% | 19,198 | $4.0M | Add +7.5% |
| NVDA Nvidia Corp. | 1.15% | 21,590 | $3.8M | Reduce -4.0% |
| BSCR Invesco Bulletshares 2027 CB | 1.15% | 190,643 | $3.7M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 1.13% | 5,660 | $3.7M | Add +2.4% |
| XLE SS Energy Select Sector | 1.11% | 59,233 | $3.6M | Reduce -4.2% |
| BSCS Invesco Bulletshares 2028 CB | 1.02% | 163,291 | $3.3M | Reduce -0.3% |
| FTSL First Trust Senior Loan ETF | 1.00% | 73,204 | $3.3M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 0.92% | 3,249 | $3.0M | Add +3.0% |
| ABBV Abbvie Inc. | 0.88% | 13,279 | $2.9M | Add +3.9% |
| SCHD Schwab US DVD Equity ETF | 0.87% | 93,094 | $2.9M | Add +71.6% |
| BSCT Invesco Bulletshares 2029 CB | 0.86% | 151,230 | $2.8M | Add +0.4% |
| SPYI Neos S&P 500 High Income ETF | 0.86% | 56,850 | $2.8M | Add +2.0% |
| AMGN Amgen Inc. | 0.83% | 7,694 | $2.7M | Add +3.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.81% | 57,459 | $2.6M | Reduce -0.1% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.80% | 28,150 | $2.6M | Add +0.1% |
| CVX Chevron Corp. | 0.79% | 12,426 | $2.6M | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.78% | 15,075 | $2.6M | Reduce -6.0% |
| CAT Caterpillar Inc. | 0.77% | 3,544 | $2.5M | Reduce -8.3% |
| PEP Pepsico Inc. | 0.77% | 16,105 | $2.5M | Reduce -0.2% |
| SCHW Schwab (charles) Corp. | 0.73% | 25,277 | $2.4M | Add +2.3% |
| SCHA Schwab US Small-Cap ETF | 0.72% | 80,640 | $2.3M | Add +0.0% |
| PG The Procter & Gamble Co. | 0.71% | 15,966 | $2.3M | Reduce -0.1% |
| SYK Stryker Corp. | 0.69% | 6,831 | $2.2M | Add +0.1% |
| V Visa Inc. Class A | 0.68% | 7,366 | $2.2M | Add +0.1% |
| TT Trane Technologies PLC | 0.68% | 5,300 | $2.2M | Add +0.8% |
| SCHX Schwab US Large-Cap ETF | 0.67% | 85,740 | $2.2M | Add +9.2% |
| HD Home Depot Inc. | 0.65% | 6,422 | $2.1M | Add +0.5% |
| ICE Intercontinental Exchange Inc. | 0.64% | 13,322 | $2.1M | Add +0.2% |
| DES Wisdomtree US Smallcap Divid | 0.64% | 57,776 | $2.1M | Reduce -0.3% |
| GLD SPDR Gold Shares | 0.63% | 4,816 | $2.1M | Reduce -32.3% |
| KO The Coca-Cola Co. | 0.63% | 27,055 | $2.1M | Add +28.6% |
| WM Waste Management Inc. | 0.63% | 8,889 | $2.0M | Add +0.3% |
| PWR Quanta Services Inc. | 0.62% | 3,689 | $2.0M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.61% | 3,452 | $2.0M | Reduce -20.1% |
| PLTR Palantir Technologies Inc. Class A | 0.61% | 13,562 | $2.0M | Reduce -2.5% |
| JCI Johnson Controls Internation | 0.59% | 14,780 | $1.9M | No change |
| IWB iShares Russell 1000 ETF | 0.59% | 5,389 | $1.9M | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.58% | 21,345 | $1.9M | Add +6.2% |
| TLTW iShares 20+ Bond Buywrite | 0.58% | 83,515 | $1.9M | Add +28.6% |
| BSCQ Invesco Bulletshares 2026 CB | 0.57% | 95,595 | $1.9M | Reduce -30.5% |
| CSX CSX Corp. | 0.57% | 45,459 | $1.9M | Reduce -2.0% |
| SCHF Schwab Intl Equity ETF | 0.57% | 75,059 | $1.9M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 0.56% | 23,625 | $1.8M | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.55% | 7,346 | $1.8M | Add +3.1% |
| GOOG Alphabet Inc. Class C | 0.54% | 6,143 | $1.8M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.54% | 17,405 | $1.8M | New |
| JEPI JPMorgan Equity Premium Inco | 0.53% | 30,432 | $1.7M | Add +18.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.52% | 34,653 | $1.7M | Add +8.7% |
| WMB Williams Cos Inc. | 0.52% | 23,187 | $1.7M | Add +2.5% |
| HOOD Robinhood Markets Inc. Class A | 0.50% | 23,691 | $1.6M | Add +2.9% |
| MU Micron Technology Inc. | 0.49% | 4,719 | $1.6M | Add +0.0% |
| ITW Illinois Tool Works | 0.47% | 5,918 | $1.5M | Reduce -0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.47% | 5,329 | $1.5M | Add +0.0% |
| COST Costco Wholesale Corp. | 0.47% | 1,532 | $1.5M | Add +2.5% |
| NEE Nextera Energy Inc. | 0.46% | 16,116 | $1.5M | Add +4.3% |
| VOX Vanguard Communication Servi | 0.45% | 8,127 | $1.5M | No change |
| BMY Bristol-Myers Squibb Co. | 0.44% | 23,789 | $1.4M | Add +123.1% |
| XLI SS Industrial Select Sector | 0.43% | 8,628 | $1.4M | Reduce -1.5% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 25,369 | $1.4M | Add +9.7% |
| ETN Eaton Corp. PLC | 0.40% | 3,611 | $1.3M | Add +0.9% |
| VYM Vanguard High DVD Yield ETF | 0.40% | 8,715 | $1.3M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 0.39% | 2,132 | $1.3M | Add +8.6% |
| MCD McDonald's Corp. | 0.39% | 4,064 | $1.3M | No change |
| EFA iShares MSCI Eafe ETF | 0.38% | 12,903 | $1.3M | Add +1.8% |
| ABT Abbott Laboratories | 0.38% | 12,058 | $1.2M | Reduce -9.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.38% | 10,397 | $1.2M | Reduce -0.8% |
| AXP American Express Co. | 0.36% | 3,930 | $1.2M | Add +2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 2,408 | $1.2M | Reduce -5.3% |
| LMT Lockheed Martin Corp. | 0.34% | 1,819 | $1.1M | No change |
| FICO Fair Isaac Corp. | 0.33% | 1,004 | $1.1M | Reduce -2.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.32% | 3,488 | $1.0M | Reduce -9.0% |
| IEMG iShares Core MSCI Emerging | 0.31% | 14,616 | $1.0M | Add +16.5% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 3,589 | $1.0M | Add +15.4% |
| SCHC Schwab Intl Small-Cap Equity | 0.31% | 21,584 | $1.0M | Add +2.9% |
| QLTY GMO U.S. Quality ETF | 0.31% | 27,800 | $1.0M | Add +4.5% |
| ADP Automatic Data Processing | 0.31% | 4,945 | $1.0M | Reduce -2.3% |
| XLK SS Technology Select Sector | 0.28% | 6,973 | $927K | Add +0.6% |
| WFC Wells Fargo & Co. | 0.26% | 10,838 | $863K | Add +0.9% |
| MDLZ Mondelez International Inc. Class A | 0.26% | 14,651 | $845K | Reduce -0.3% |
| MRVL Marvell Technology Inc. | 0.26% | 8,493 | $841K | Add +8.4% |
| EW Edwards Lifesciences Corp. | 0.26% | 10,451 | $837K | Add +0.7% |
| XLV SS Health Care Select Sector | 0.24% | 5,269 | $772K | Add +79.9% |
| MRK Merck & Co. Inc. | 0.23% | 6,299 | $758K | Add +5.5% |
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -22.1% | 2.62% | −0.93 |
| MSFT Microsoft Corp. | Reduce -4.9% | 2.58% | −0.91 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.35 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -30.5% | 0.57% | −0.24 |
| GLD SPDR Gold Shares | Reduce -32.3% | 0.63% | −0.22 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.20 |
| FICO Fair Isaac Corp. | Reduce -2.3% | 0.33% | −0.20 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -20.1% | 0.61% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 1.85% | −0.16 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 1.83% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.5% | 0.61% | −0.14 |
| BSX Boston Scientific Corp. | Reduce -4.8% | 0.21% | −0.12 |
| ABT Abbott Laboratories | Reduce -9.1% | 0.38% | −0.12 |
| SLV iShares Silver Trust | Reduce -50.5% | 0.13% | −0.12 |
| NVDA Nvidia Corp. | Reduce -4.0% | 1.15% | −0.11 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.11 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.09 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.09 |
| ADP Automatic Data Processing | Reduce -2.3% | 0.31% | −0.09 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.08 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.08 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.07 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.07 |
| EBAY eBay Inc. | Reduce -44.3% | 0.09% | −0.07 |
| PYPL PayPal Holdings Inc. | Reduce -8.3% | 0.17% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.9% | 1.42% | −0.06 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -9.0% | 0.32% | −0.05 |
| AVGO Broadcom Inc. | Reduce -9.6% | 0.20% | −0.04 |
| UBER Uber Technologies Inc. | Reduce -20.6% | 0.10% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -20.7% | 0.09% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -6.1% | 0.17% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.3% | 0.35% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.7% | 1.92% | −0.03 |
| AIG American International Group | Reduce -3.4% | 0.16% | −0.03 |
| FTSL First Trust Senior Loan ETF | Reduce -1.5% | 1.00% | −0.03 |
| HBAN Huntington Bancshares Inc. | Reduce -1.5% | 0.19% | −0.02 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -0.3% | 1.34% | −0.02 |
| MDT Medtronic PLC | Reduce -1.9% | 0.17% | −0.02 |
| UNM Unum Group | Reduce -4.2% | 0.18% | −0.02 |
| VIGI Vanguard Int Div App Indx FD | Reduce -10.1% | 0.10% | −0.01 |
| GMOI GMO International Value ETF | Reduce -14.9% | 0.12% | −0.01 |
| GMOV GMO U.S. Value ETF | Reduce -10.1% | 0.09% | −0.01 |
| ETD Ethan Allen Interiors Inc. | Reduce -1.0% | 0.14% | −0.00 |
| NTRS Northern Trust Corp. | Reduce -7.1% | 0.07% | −0.00 |
| DEM Wisdomtree Emerging Markets | Reduce -8.9% | 0.11% | −0.00 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -0.7% | 1.15% | +0.00 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -0.3% | 1.02% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.8% | 0.20% | +0.01 |
| URA Global X Uranium ETF | Reduce -8.3% | 0.10% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SGOV iShares 0-3 Month Treasury B | New | 0.54% | +0.54 |
| GLW Corning Inc. | Add +0.0% | 1.38% | +0.50 |
| SCHD Schwab US DVD Equity ETF | Add +71.6% | 0.87% | +0.43 |
| BMY Bristol-Myers Squibb Co. | Add +123.1% | 0.44% | +0.27 |
| RSP Invesco S&P 500 Equal Weight | Add +4.3% | 3.86% | +0.22 |
| CVX Chevron Corp. | Add +0.4% | 0.79% | +0.22 |
| KO The Coca-Cola Co. | Add +28.6% | 0.63% | +0.19 |
| MRNA Moderna Inc. | New | 0.18% | +0.18 |
| PWR Quanta Services Inc. | Add +2.7% | 0.62% | +0.16 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.2% | 2.45% | +0.14 |
| TLTW iShares 20+ Bond Buywrite | Add +28.6% | 0.58% | +0.13 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +4.7% | 2.57% | +0.12 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.4% | 2.88% | +0.12 |
| WMB Williams Cos Inc. | Add +2.5% | 0.52% | +0.11 |
| XLV SS Health Care Select Sector | Add +79.9% | 0.24% | +0.10 |
| XBI SS SPDR S&P Biotech ETF | New | 0.10% | +0.10 |
| AMGN Amgen Inc. | Add +3.3% | 0.83% | +0.09 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.09% | +0.09 |
| JEPI JPMorgan Equity Premium Inco | Add +18.4% | 0.53% | +0.08 |
| IWM iShares Russell 2000 ETF | Add +0.7% | 2.93% | +0.08 |
| NEE Nextera Energy Inc. | Add +4.3% | 0.46% | +0.08 |
| MU Micron Technology Inc. | Add +0.0% | 0.49% | +0.08 |
| COST Costco Wholesale Corp. | Add +2.5% | 0.47% | +0.08 |
| GEV GE Vernova Inc. | Add +25.8% | 0.18% | +0.07 |
| MPC Marathon Petroleum Corp. | Add +2.3% | 0.20% | +0.07 |
| RSG Republic Services Inc. | New | 0.06% | +0.06 |
| TT Trane Technologies PLC | Add +0.8% | 0.68% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +16.5% | 0.31% | +0.06 |
| MRVL Marvell Technology Inc. | Add +8.4% | 0.26% | +0.06 |
| ETN Eaton Corp. PLC | Add +0.9% | 0.40% | +0.05 |
| YOU Clear Secure Inc. Class A | Add +5.2% | 0.15% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +9.7% | 0.42% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +6.2% | 0.58% | +0.04 |
| MRK Merck & Co. Inc. | Add +5.5% | 0.23% | +0.04 |
| WM Waste Management Inc. | Add +0.3% | 0.63% | +0.04 |
| C Citigroup Inc. | Add +29.6% | 0.17% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +9.2% | 0.67% | +0.04 |
| IRM Iron Mountain Inc. | Add +3.5% | 0.14% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +10.0% | 0.22% | +0.03 |
| DUK Duke Energy Corp. | Add +0.5% | 0.21% | +0.03 |
| SCHA Schwab US Small-Cap ETF | Add +0.0% | 0.72% | +0.03 |
| GE General Electric | Add +15.4% | 0.31% | +0.02 |
| SCHC Schwab Intl Small-Cap Equity | Add +2.9% | 0.31% | +0.02 |
| MSI Motorola Solutions Inc. | Add +7.3% | 0.10% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +8.6% | 0.39% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +1.8% | 0.38% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.4% | 0.56% | +0.01 |
| SBUX Starbucks Corp. | Add +2.0% | 0.14% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +2.3% | 0.23% | +0.01 |
| BSCT Invesco Bulletshares 2029 CB | Add +0.4% | 0.86% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | call | Sold out | 2,000 | $462Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |