Aspen Wealth Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 2, 2025), Aspen Wealth Management LLC reported 107 stock positions worth $450.4 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 11.7% of the portfolio, followed by Dimensional International (DFIC, 9.7%) and iShares MSCI USA Quality Fac (QUAL, 9.6%). Compared with Q2 2025, it opened 20 new positions, sold out of 1, added to 53 and reduced 20. The biggest buy was a new position in Dimensional US Marketwide Va (DFUV) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −1%).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0001895252
Portfolio Value
$450.4M (Q3 2025)
SEC Filing
0001895252-25-000012 ↗ filed Oct 2, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $259.0M Q1 2024 Q2 2024: $289.2M Q2 2024 Q3 2024: $329.4M Q3 2024 Q4 2024: $337.4M Q4 2024 Q1 2025: $353.4M Q1 2025 Q2 2025: $403.1M Q2 2025 Q3 2025: $450.4M $450.4M Q3 2025 Q4 2025: $476.2M Q4 2025 Q1 2026: $501.2M Q1 2026 Q2 2026: $588.7M Q2 2026

Holdings 107 stocks · $450.4M
DFUS Dimensional US Eq MKT ETF 11.71% 727,740 $52.7M Add +4.6%
DFIC Dimensional International Co. 9.68% 1,329,025 $43.6M Add +1.7%
QUAL iShares MSCI USA Quality Fac 9.63% 223,004 $43.4M Add +1.3%
IUSG iShares Core S&P U.S. Growth 7.35% 201,262 $33.1M Reduce -1.7%
JCPB JPMorgan Core Plus Bond ETF 6.60% 625,355 $29.7M Add +12.2%
DFAT Dimensional US Target Value 6.57% 508,502 $29.6M Add +3.4%
DFAC Dimensional US Core Equity 2 6.38% 744,508 $28.7M Reduce -1.1%
VWO Vanguard Ftse Emerging Marke 4.15% 345,208 $18.7M Add +2.2%
JMUB JPMorgan Municipal ETF 3.60% 320,987 $16.2M Add +3.1%
JPST JPMorgan Ultra-Short Income 2.31% 204,914 $10.4M Add +4.7%
SPY SS SPDR S&P 500 ETF Trust-US 2.07% 13,972 $9.3M Add +2.0%
VUG Vanguard Mrngstar GR ETF-Sui 1.87% 17,594 $8.4M Add +19.6%
DFAR Dimensional US Real Est ETF 1.84% 347,248 $8.3M Add +3.2%
DFAI Dimensional International Co. 1.83% 226,705 $8.2M Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 1.56% 32,631 $7.0M Reduce -0.3%
DFAU Dimensional US Core Equity M 1.53% 150,290 $6.9M Add +0.1%
WMT Walmart Inc. 1.18% 51,476 $5.3M Add +0.0%
XOM Exxon Mobil Corp. 1.15% 45,932 $5.2M Add +0.4%
DUHP Dimensional US High Profi Et 0.98% 116,552 $4.4M Add +0.2%
ITOT iShares Core S&P Total U.S. 0.96% 29,809 $4.3M Add +0.2%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.81% 71,787 $3.7M Add +37.8%
SHYM iShares Short Duration High 0.78% 157,725 $3.5M Add +55.6%
DFNM Dimensional National Muni BD 0.73% 68,486 $3.3M Reduce -1.6%
DFAS Dimensional US Small Cap ETF 0.70% 46,297 $3.2M Reduce -0.7%
AAPL Apple Inc. 0.67% 11,905 $3.0M Add +1.0%
DFEM Dimensional Emrg MRKT Core 0.66% 92,874 $3.0M Add +0.3%
SUB iShares Short-Term National 0.55% 23,047 $2.5M Reduce -13.3%
MSFT Microsoft Corp. 0.54% 4,652 $2.4M Add +1.8%
SPYM Ste STR SPDR PT S&P 500 ETF 0.50% 28,501 $2.2M Add +0.3%
MUB iShares National Muni Bond E 0.46% 19,330 $2.1M Reduce -7.5%
VOO Vanguard S&P 500 ETF 0.46% 3,358 $2.1M Add +0.6%
PB Prosperity Bancshares Inc. 0.43% 29,000 $1.9M Reduce -3.3%
BRK.B Berkshire Hathaway Inc. Class B 0.37% 3,278 $1.6M No change
IWF iShares Russell 1000 Growth 0.35% 3,367 $1.6M Add +0.1%
JPM JPMorgan Chase & Co. 0.34% 4,785 $1.5M Reduce -0.3%
BNDX Vanguard Total Intl Bond ETF 0.33% 29,691 $1.5M Reduce -9.7%
DFUV Dimensional US Marketwide Va 0.33% 32,792 $1.5M New
VTI VG Morningstar TS MKT ETF-US 0.30% 4,078 $1.3M Add +4.7%
COST Costco Wholesale Corp. 0.28% 1,340 $1.2M No change
IVV iShares Core S&P 500 ETF 0.25% 1,708 $1.1M Add +0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.25% 3,703 $1.1M Add +0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 5,890 $1.1M Add +2.2%
IXUS iShares Core Intl Stock ETF 0.22% 11,787 $973K No change
IBMT iShares Ibonds Dec 2031 Muni 0.20% 34,865 $902K New
IBMS ISHARESIBONDDEC2030MUNIBDETF 0.20% 34,537 $901K New
IBMR iShares Ibonds Dec 2029 M BD 0.20% 35,163 $898K New
IBMQ iShares Ibonds Dec 2028 Muni 0.20% 34,929 $896K New
IBMP iShares Ibonds Dec 2027 Term 0.20% 35,126 $895K New
IBMO iShares Ibonds Dec 2026 Term 0.20% 34,830 $894K New
JQUA JPMorgan US Quality Factor 0.19% 13,904 $875K No change
GRFS Grifols SA-ADR 0.19% 86,466 $861K No change
IEFA iShares Core MSCI Eafe ETF 0.19% 9,719 $849K Add +1.9%
USRT iShares Core US REIT ETF 0.19% 14,251 $837K Reduce -3.9%
EFA iShares MSCI Eafe ETF 0.17% 8,416 $786K No change
DGRO iShares Core Dividend Growth 0.17% 11,334 $772K Add +0.6%
IAGG iShares Intl Aggregate Bond 0.16% 14,353 $735K Reduce -5.6%
NVS Novartis AG-Sponsored ADR 0.14% 4,975 $638K Add +17.8%
GLD SPDR Gold Shares 0.14% 1,721 $612K Add +1.9%
IBMN iShares Ibonds Dec 2025 Term 0.13% 22,175 $594K New
JNJ Johnson & Johnson 0.13% 3,163 $586K Add +0.1%
CVX Chevron Corp. 0.13% 3,644 $566K Reduce -0.1%
VYM Vanguard High DVD Yield ETF 0.12% 3,766 $531K Reduce -4.3%
GOOG Alphabet Inc. Class C 0.12% 2,167 $528K Add +6.6%
AMZN Amazon.com Inc. 0.12% 2,390 $525K Add +10.1%
JPIE JPMorgan Income ETF 0.11% 10,887 $505K Add +0.3%
ABBV Abbvie Inc. 0.11% 2,107 $488K Add +60.1%
CFR Cullen/Frost Bankers Inc. 0.11% 3,782 $479K Add +0.8%
FFIN First Finl Bankshares Inc. 0.11% 14,213 $478K Reduce -19.4%
PG The Procter & Gamble Co. 0.10% 2,974 $457K Add +0.2%
RF Regions Financial Corp. 0.10% 17,318 $457K Add +1.1%
ILCB iShares Morningstar U.S. Equ 0.10% 4,924 $455K Add +0.3%
LMT Lockheed Martin Corp. 0.10% 866 $432K Reduce -14.1%
EFG iShares MSCI Eafe Growth ETF 0.09% 3,582 $408K New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.09% 975 $393K No change
AVGO Broadcom Inc. 0.08% 1,091 $360K No change
ET Energy Transfer LP 0.08% 20,663 $355K Add +0.6%
LOW Lowe's Cos Inc. 0.08% 1,404 $353K Add +0.4%
IBHH iShares Ibonds 2028 TM HY Inc. 0.08% 14,559 $347K New
IBHF iShares Ibond 2026 HY & Inc. 0.08% 14,820 $347K New
IBHG iShares Ibonds 2027 HY Inc. 0.08% 15,317 $344K New
IBHE iShares Ibonds 2025 H/Y Inc. 0.08% 14,795 $344K New
SLV iShares Silver Trust 0.07% 7,506 $318K No change
IJR iShares Core S&P Small-Cap E 0.07% 2,654 $315K Add +2.8%
EEMV iShares MSCI Emg MKT Min Vol 0.07% 4,816 $307K No change
IBHI iShares Ibonds 2029 TM HY Inc. 0.07% 12,492 $298K New
IBHJ Ishrs Ibds 2030 HY & Inc. ETF 0.07% 11,105 $298K New
IBHK ISHARESIBOND2031HIGHYLDINC 0.07% 11,394 $297K New
HD Home Depot Inc. 0.06% 717 $290K Add +0.6%
DFCF Dimensional Core Fixed Inc. 0.06% 6,709 $287K Reduce -0.1%
MLM Martin Marietta Materials 0.06% 454 $286K Reduce -10.4%
SPTM SS SPDR P S&P 1500 Comp ETF 0.06% 3,514 $283K Add +0.3%
NVDA Nvidia Corp. 0.06% 1,483 $277K Add +3.9%
IUSV iShares Core S&P U.S. Value 0.06% 2,717 $272K Add +3.9%
VCSH Vanguard S/T Corp. Bond ETF 0.06% 3,381 $270K Reduce -10.8%
VTEB Vanguard Tax-Exempt Bond ETF 0.06% 5,282 $264K Add +0.8%
SPSM SS SPDR P S&P 600 Small Cap 0.06% 5,469 $253K Add +0.6%
QQQ Invesco QQQ Trust Series 1 0.06% 419 $252K New
QCOM Qualcomm Inc. 0.06% 1,506 $251K New
NOBL Proshares S&P 500 Dividend A 0.06% 2,419 $249K Add +1.1%
IVW iShares S&P 500 Growth ETF 0.05% 2,048 $247K Add +0.1%

Show all 107 holdings

Portfolio Sells Q2 2025 → Q3 2025
DFAC Dimensional US Core Equity 2 Reduce -1.1% 6.38% −0.32
IUSG iShares Core S&P U.S. Growth Reduce -1.7% 7.35% −0.28
SUB iShares Short-Term National Reduce -13.3% 0.55% −0.15
DFAI Dimensional International Co. Reduce -0.3% 1.83% −0.12
VIG Vanguard Dividend Apprec ETF Reduce -0.3% 1.56% −0.10
PB Prosperity Bancshares Inc. Reduce -3.3% 0.43% −0.10
DFNM Dimensional National Muni BD Reduce -1.6% 0.73% −0.09
MUB iShares National Muni Bond E Reduce -7.5% 0.46% −0.08
BNDX Vanguard Total Intl Bond ETF Reduce -9.7% 0.33% −0.08
DFGP Dimensional GLBL Core PL Fix Sold out 0.00% −0.06
FFIN First Finl Bankshares Inc. Reduce -19.4% 0.11% −0.05
DFAS Dimensional US Small Cap ETF Reduce -0.7% 0.70% −0.03
IAGG iShares Intl Aggregate Bond Reduce -5.6% 0.16% −0.03
USRT iShares Core US REIT ETF Reduce -3.9% 0.19% −0.02
LMT Lockheed Martin Corp. Reduce -14.1% 0.10% −0.02
VCSH Vanguard S/T Corp. Bond ETF Reduce -10.8% 0.06% −0.01
VYM Vanguard High DVD Yield ETF Reduce -4.3% 0.12% −0.01
JPM JPMorgan Chase & Co. Reduce -0.3% 0.34% −0.01
DFCF Dimensional Core Fixed Inc. Reduce -0.1% 0.06% −0.01
MLM Martin Marietta Materials Reduce -10.4% 0.06% −0.01
CVX Chevron Corp. Reduce -0.1% 0.13% −0.00

Portfolio Buys Q2 2025 → Q3 2025
DFUV Dimensional US Marketwide Va New 0.33% +0.33
VUG Vanguard Mrngstar GR ETF-Sui Add +19.6% 1.87% +0.27
SHYM iShares Short Duration High Add +55.6% 0.78% +0.22
IBMT iShares Ibonds Dec 2031 Muni New 0.20% +0.20
IBMS ISHARESIBONDDEC2030MUNIBDETF New 0.20% +0.20
IBMR iShares Ibonds Dec 2029 M BD New 0.20% +0.20
IBMQ iShares Ibonds Dec 2028 Muni New 0.20% +0.20
IBMP iShares Ibonds Dec 2027 Term New 0.20% +0.20
IBMO iShares Ibonds Dec 2026 Term New 0.20% +0.20
JMST JPM Ultra-Short Muni Income Add +37.8% 0.81% +0.16
DFUS Dimensional US Eq MKT ETF Add +4.6% 11.71% +0.14
IBMN iShares Ibonds Dec 2025 Term New 0.13% +0.13
JCPB JPMorgan Core Plus Bond ETF Add +12.2% 6.60% +0.10
EFG iShares MSCI Eafe Growth ETF New 0.09% +0.09
IBHH iShares Ibonds 2028 TM HY Inc. New 0.08% +0.08
IBHF iShares Ibond 2026 HY & Inc. New 0.08% +0.08
IBHG iShares Ibonds 2027 HY Inc. New 0.08% +0.08
IBHE iShares Ibonds 2025 H/Y Inc. New 0.08% +0.08
AAPL Apple Inc. Add +1.0% 0.67% +0.07
IBHI iShares Ibonds 2029 TM HY Inc. New 0.07% +0.07
IBHJ Ishrs Ibds 2030 HY & Inc. ETF New 0.07% +0.07
IBHK ISHARESIBOND2031HIGHYLDINC New 0.07% +0.07
QQQ Invesco QQQ Trust Series 1 New 0.06% +0.06
QCOM Qualcomm Inc. New 0.06% +0.06
CSCO Cisco Systems Inc. New 0.05% +0.05
ABBV Abbvie Inc. Add +60.1% 0.11% +0.05
WMB Williams Cos Inc. New 0.05% +0.05
GOOG Alphabet Inc. Class C Add +6.6% 0.12% +0.03
NVS Novartis AG-Sponsored ADR Add +17.8% 0.14% +0.01
JNJ Johnson & Johnson Add +0.1% 0.13% +0.01
GLD SPDR Gold Shares Add +1.9% 0.14% +0.01
VWO Vanguard Ftse Emerging Marke Add +2.2% 4.15% +0.01
NVDA Nvidia Corp. Add +3.9% 0.06% +0.01
VTI VG Morningstar TS MKT ETF-US Add +4.7% 0.30% +0.00
RF Regions Financial Corp. Add +1.1% 0.10% +0.00
LOW Lowe's Cos Inc. Add +0.4% 0.08% +0.00
IJR iShares Core S&P Small-Cap E Add +2.8% 0.07% 0.00
HD Home Depot Inc. Add +0.6% 0.06% −0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.05% −0.00
IUSV iShares Core S&P U.S. Value Add +3.9% 0.06% −0.00
SPSM SS SPDR P S&P 600 Small Cap Add +0.6% 0.06% −0.00
AMZN Amazon.com Inc. Add +10.1% 0.12% −0.00
SPTM SS SPDR P S&P 1500 Comp ETF Add +0.3% 0.06% −0.00
ILCB iShares Morningstar U.S. Equ Add +0.3% 0.10% −0.00
IWF iShares Russell 1000 Growth Add +0.1% 0.35% −0.00
NOBL Proshares S&P 500 Dividend A Add +1.1% 0.06% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +0.8% 0.06% −0.01
DGRO iShares Core Dividend Growth Add +0.6% 0.17% −0.01
IVV iShares Core S&P 500 ETF Add +0.6% 0.25% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.3% 0.25% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 132$588.7MDFUS, DFIC, QUAL, DFAT, JCPB
Q1 2026 124$501.2MDFUS, DFIC, QUAL, JCPB, DFAT
Q4 2025 118$476.2MDFUS, DFIC, QUAL, JCPB, IUSG
Q3 2025 107$450.4MDFUS, DFIC, QUAL, IUSG, JCPB
Q2 2025 88$403.1MDFUS, DFIC, QUAL, IUSG, DFAC
Q1 2025 86$353.4MDFUS, QUAL, DFIC, JCPB, DFAC
Q4 2024 86$337.4MQUAL, DFUS, DFIC, DFAC, IUSG
Q3 2024 89$329.4MDFAC, QUAL, DFIC, IUSG, BNDX
Q2 2024 83$289.2MDFAC, QUAL, DFIC, IUSG, BNDX
Q1 2024 73$259.0MDFAC, QUAL, DFIC, BNDX, IUSG