Aspen Wealth Management LLC

Name: Aspen Wealth Management LLC 13F holdings, Q4 2025
Creator: Aspen Wealth Management LLC
Published: 2026-01-05

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 5, 2026), Aspen Wealth Management LLC reported 118 stock positions worth $476.2 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 11.8% of the portfolio, followed by Dimensional International (DFIC, 10.0%) and iShares MSCI USA Quality Fac (QUAL, 9.5%). Compared with Q3 2025, it opened 17 new positions, sold out of 6, added to 60 and reduced 33. The biggest buy was JPMorgan Core Plus Bond ETF (JCPB, shares +13%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −5%).

Most Recent 13F: Q2 2026
Location: FORT WORTH, TX
CIK: 0001895252
Portfolio Value: $476.2M (Q4 2025)
SEC Filing: 0001895252-26-000002 ↗ filed Jan 5, 2026

Holdings Value

Holdings 118 stocks · $476.2M


DFUS Dimensional US Eq MKT ETF	11.75%	754,415	$56.0M	Add +3.7%
DFIC Dimensional International Co.	9.98%	1,378,942	$47.5M	Add +3.8%
QUAL iShares MSCI USA Quality Fac	9.55%	228,882	$45.5M	Add +2.6%
JCPB JPMorgan Core Plus Bond ETF	7.03%	706,710	$33.5M	Add +13.0%
IUSG iShares Core S&P U.S. Growth	6.98%	198,031	$33.3M	Reduce -1.6%
DFAT Dimensional US Target Value	6.56%	524,971	$31.3M	Add +3.2%
DFAC Dimensional US Core Equity 2	5.89%	708,683	$28.1M	Reduce -4.8%
VWO Vanguard Ftse Emerging Marke	3.98%	352,534	$19.0M	Add +2.1%
JMUB JPMorgan Municipal ETF	3.77%	355,918	$18.0M	Add +10.9%
JPST JPMorgan Ultra-Short Income	2.31%	217,658	$11.0M	Add +6.2%
SPY SS SPDR S&P 500 ETF Trust-US	2.01%	14,020	$9.6M	Add +0.3%
DFAR Dimensional US Real Est ETF	1.82%	377,538	$8.6M	Add +8.7%
DFAI Dimensional International Co.	1.80%	225,329	$8.6M	Reduce -0.6%
VUG Vanguard Mrngstar GR ETF-Sui	1.74%	16,940	$8.3M	Reduce -3.7%
DFAU Dimensional US Core Equity M	1.47%	149,401	$7.0M	Reduce -0.6%
VIG Vanguard Dividend Apprec ETF	1.43%	31,048	$6.8M	Reduce -4.8%
WMT Walmart Inc.	1.20%	51,380	$5.7M	Reduce -0.2%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	1.07%	99,648	$5.1M	Add +38.8%
ITOT iShares Core S&P Total U.S.	0.93%	29,887	$4.4M	Add +0.3%
DUHP Dimensional US High Profi Et	0.92%	115,546	$4.4M	Reduce -0.9%
XOM Exxon Mobil Corp.	0.92%	36,290	$4.4M	Reduce -21.0%
SHYM iShares Short Duration High	0.89%	190,840	$4.2M	Add +21.0%
DFNM Dimensional National Muni BD	0.74%	72,980	$3.5M	Add +6.6%
AAPL Apple Inc.	0.73%	12,865	$3.5M	Add +8.1%
DFEM Dimensional Emrg MRKT Core	0.68%	97,740	$3.2M	Add +5.2%
DFAS Dimensional US Small Cap ETF	0.67%	45,969	$3.2M	Reduce -0.7%
MSFT Microsoft Corp.	0.49%	4,860	$2.4M	Add +4.5%
SUB iShares Short-Term National	0.47%	20,843	$2.2M	Reduce -9.6%
SPYM Ste STR SPDR PT S&P 500 ETF	0.46%	27,225	$2.2M	Reduce -4.5%
VOO Vanguard S&P 500 ETF	0.44%	3,377	$2.1M	Add +0.6%
MUB iShares National Muni Bond E	0.43%	18,912	$2.0M	Reduce -2.2%
BRK.B Berkshire Hathaway Inc. Class B	0.36%	3,378	$1.7M	Add +3.0%
IWF iShares Russell 1000 Growth	0.33%	3,359	$1.6M	Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US	0.33%	4,670	$1.6M	Add +14.5%
JPM JPMorgan Chase & Co.	0.33%	4,803	$1.5M	Add +0.4%
DFUV Dimensional US Marketwide Va	0.32%	32,755	$1.5M	Reduce -0.1%
PB Prosperity Bancshares Inc.	0.29%	20,000	$1.4M	Reduce -31.0%
BNDX Vanguard Total Intl Bond ETF	0.28%	27,862	$1.3M	Reduce -6.2%
IVV iShares Core S&P 500 ETF	0.25%	1,716	$1.2M	Add +0.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.25%	3,723	$1.2M	Add +0.5%
COST Costco Wholesale Corp.	0.24%	1,320	$1.1M	Reduce -1.5%
VTV Vanguard Mrngstr Val ETF-Aui	0.24%	5,890	$1.1M	No change
IBMT iShares Ibonds Dec 2031 Muni	0.23%	42,773	$1.1M	Add +22.7%
IBMS ISHARESIBONDDEC2030MUNIBDETF	0.23%	42,421	$1.1M	Add +22.8%
IBMR iShares Ibonds Dec 2029 M BD	0.23%	43,233	$1.1M	Add +22.9%
IBMQ iShares Ibonds Dec 2028 Muni	0.23%	42,960	$1.1M	Add +23.0%
IBMO iShares Ibonds Dec 2026 Term	0.23%	42,831	$1.1M	Add +23.0%
IBMP iShares Ibonds Dec 2027 Term	0.23%	43,209	$1.1M	Add +23.0%
IXUS iShares Core Intl Stock ETF	0.21%	11,787	$998K	No change
NVDA Nvidia Corp.	0.21%	5,323	$993K	Add +258.9%
JQUA JPMorgan US Quality Factor	0.18%	13,909	$879K	Add +0.0%
IEFA iShares Core MSCI Eafe ETF	0.18%	9,757	$873K	Add +0.4%
AMZN Amazon.com Inc.	0.18%	3,690	$852K	Add +54.4%
EFA iShares MSCI Eafe ETF	0.17%	8,461	$813K	Add +0.5%
GRFS Grifols SA-ADR	0.17%	86,466	$808K	No change
USRT iShares Core US REIT ETF	0.17%	13,916	$793K	Reduce -2.4%
DGRO iShares Core Dividend Growth	0.16%	10,998	$763K	Reduce -3.0%
IAGG iShares Intl Aggregate Bond	0.15%	14,266	$713K	Reduce -0.6%
JNJ Johnson & Johnson	0.15%	3,426	$709K	Add +8.3%
GLD SPDR Gold Shares	0.14%	1,736	$688K	Add +0.9%
GOOG Alphabet Inc. Class C	0.14%	2,168	$680K	Add +0.1%
JPIE JPMorgan Income ETF	0.12%	12,765	$591K	Add +17.3%
SLV iShares Silver Trust	0.12%	8,737	$563K	Add +16.4%
CVX Chevron Corp.	0.12%	3,657	$557K	Add +0.4%
NVS Novartis AG-Sponsored ADR	0.11%	3,941	$543K	Reduce -20.8%
VYM Vanguard High DVD Yield ETF	0.11%	3,777	$542K	Add +0.3%
LMT Lockheed Martin Corp.	0.11%	1,107	$536K	Add +27.8%
RF Regions Financial Corp.	0.10%	17,493	$474K	Add +1.0%
PH Parker Hannifin Corp.	0.10%	539	$474K	New
CFR Cullen/Frost Bankers Inc.	0.10%	3,694	$468K	Reduce -2.3%
ILCB iShares Morningstar U.S. Equ	0.10%	4,940	$466K	Add +0.3%
IBHH iShares Ibonds 2028 TM HY Inc.	0.10%	19,402	$459K	Add +33.3%
IBHG iShares Ibonds 2027 HY Inc.	0.10%	20,451	$456K	Add +33.5%
IBHF iShares Ibond 2026 HY & Inc.	0.10%	19,769	$456K	Add +33.4%
ABBV Abbvie Inc.	0.09%	1,871	$427K	Reduce -11.2%
TSLA Tesla Inc.	0.09%	943	$424K	New
PG The Procter & Gamble Co.	0.09%	2,911	$417K	Reduce -2.1%
IBHI iShares Ibonds 2029 TM HY Inc.	0.09%	17,353	$410K	Add +38.9%
EFG iShares MSCI Eafe Growth ETF	0.09%	3,582	$408K	No change
SHOP Shopify Inc. Class A	0.09%	2,513	$405K	New
MGK Vngrd Mrgstr MG CP GR ETF-Ui	0.08%	977	$403K	Add +0.2%
FFIN First Finl Bankshares Inc.	0.08%	12,962	$387K	Reduce -8.8%
AVGO Broadcom Inc.	0.08%	1,106	$383K	Add +1.4%
PSLV Sprott Physical Silver Trust	0.07%	15,100	$357K	New
ANET Arista Networks Inc.	0.07%	2,640	$346K	New
CRWD CrowdStrike Holdings Inc. Class A	0.07%	722	$338K	New
LLY Eli Lilly & Co.	0.07%	314	$338K	No change
LOW Lowe's Cos Inc.	0.07%	1,350	$326K	Reduce -3.9%
IJR iShares Core S&P Small-Cap E	0.07%	2,644	$318K	Reduce -0.4%
EEMV iShares MSCI Emg MKT Min Vol	0.06%	4,816	$308K	No change
IBHJ Ishrs Ibds 2030 HY & Inc. ETF	0.06%	11,292	$300K	Add +1.7%
IBHK ISHARESIBOND2031HIGHYLDINC	0.06%	11,586	$299K	Add +1.7%
SPTM SS SPDR P S&P 1500 Comp ETF	0.06%	3,515	$290K	Add +0.0%
MLM Martin Marietta Materials	0.06%	454	$283K	No change
QQQM Invesco Nasdaq 100 ETF	0.06%	1,117	$283K	New
DFCF Dimensional Core Fixed Inc.	0.06%	6,496	$276K	Reduce -3.2%
MA Mastercard Inc. Class A	0.06%	483	$276K	New
VTEB Vanguard Tax-Exempt Bond ETF	0.06%	5,342	$269K	Add +1.1%
IUSV iShares Core S&P U.S. Value	0.06%	2,614	$268K	Reduce -3.8%
TSM Taiwan Semiconductor-SP ADR	0.06%	875	$266K	New
SPSM SS SPDR P S&P 600 Small Cap	0.05%	5,489	$257K	Add +0.4%
NOBL Proshares S&P 500 Dividend A	0.05%	2,434	$253K	Add +0.6%
IVW iShares S&P 500 Growth ETF	0.05%	2,050	$253K	Add +0.1%
SPDW Ste STR SPDR PT DW Eu ETF	0.05%	5,619	$250K	Add +1.8%
HD Home Depot Inc.	0.05%	719	$247K	Add +0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.05%	814	$241K	Reduce -0.8%
IWM iShares Russell 2000 ETF	0.05%	964	$237K	New
GOOGL Alphabet Inc. Class A	0.05%	735	$230K	New
IJH iShares Core S&P Midcap ETF	0.05%	3,412	$225K	New
VCSH Vanguard S/T Corp. Bond ETF	0.05%	2,785	$222K	Reduce -17.6%
RSP Invesco S&P 500 Equal Weight	0.05%	1,142	$219K	New
DFGX Dimsnl Intr CF in ETF-Usd Inc.	0.05%	4,149	$218K	Add +1.1%
CSCO Cisco Systems Inc.	0.05%	2,830	$218K	Reduce -10.0%
AGG iShares Core U.S. Aggregate	0.04%	2,117	$211K	New
MELI MercadoLibre Inc.	0.04%	101	$203K	New
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.04%	1,773	$202K	New
IQLT iShares MSCI International Q	0.04%	4,437	$202K	New
SABR Sabre Corp.	0.01%	43,534	$59K	No change

Portfolio Sells Q3 2025 → Q4 2025


DFAC Dimensional US Core Equity 2	Reduce -4.8%	5.89%	−0.48
IUSG iShares Core S&P U.S. Growth	Reduce -1.6%	6.98%	−0.37
XOM Exxon Mobil Corp.	Reduce -21.0%	0.92%	−0.23
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -3.7%	1.74%	−0.14
PB Prosperity Bancshares Inc.	Reduce -31.0%	0.29%	−0.14
IBMN iShares Ibonds Dec 2025 Term	Sold out	0.00%	−0.13
VIG Vanguard Dividend Apprec ETF	Reduce -4.8%	1.43%	−0.13
SUB iShares Short-Term National	Reduce -9.6%	0.47%	−0.08
ET Energy Transfer LP	Sold out	0.00%	−0.08
IBHE iShares Ibonds 2025 H/Y Inc.	Sold out	0.00%	−0.08
DFAU Dimensional US Core Equity M	Reduce -0.6%	1.47%	−0.06
QQQ Invesco QQQ Trust Series 1	Sold out	0.00%	−0.06
QCOM Qualcomm Inc.	Sold out	0.00%	−0.06
DUHP Dimensional US High Profi Et	Reduce -0.9%	0.92%	−0.05
WMB Williams Cos Inc.	Sold out	0.00%	−0.05
BNDX Vanguard Total Intl Bond ETF	Reduce -6.2%	0.28%	−0.04
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -4.5%	0.46%	−0.04
COST Costco Wholesale Corp.	Reduce -1.5%	0.24%	−0.04
MUB iShares National Muni Bond E	Reduce -2.2%	0.43%	−0.03
DFAS Dimensional US Small Cap ETF	Reduce -0.7%	0.67%	−0.03
NVS Novartis AG-Sponsored ADR	Reduce -20.8%	0.11%	−0.03
DFAI Dimensional International Co.	Reduce -0.6%	1.80%	−0.03
FFIN First Finl Bankshares Inc.	Reduce -8.8%	0.08%	−0.02
USRT iShares Core US REIT ETF	Reduce -2.4%	0.17%	−0.02
ABBV Abbvie Inc.	Reduce -11.2%	0.09%	−0.02
IWF iShares Russell 1000 Growth	Reduce -0.2%	0.33%	−0.02
PG The Procter & Gamble Co.	Reduce -2.1%	0.09%	−0.01
IAGG iShares Intl Aggregate Bond	Reduce -0.6%	0.15%	−0.01
VCSH Vanguard S/T Corp. Bond ETF	Reduce -17.6%	0.05%	−0.01
DGRO iShares Core Dividend Growth	Reduce -3.0%	0.16%	−0.01
LOW Lowe's Cos Inc.	Reduce -3.9%	0.07%	−0.01
CFR Cullen/Frost Bankers Inc.	Reduce -2.3%	0.10%	−0.01
DFCF Dimensional Core Fixed Inc.	Reduce -3.2%	0.06%	−0.01
DFUV Dimensional US Marketwide Va	Reduce -0.1%	0.32%	−0.00
IUSV iShares Core S&P U.S. Value	Reduce -3.8%	0.06%	−0.00
IJR iShares Core S&P Small-Cap E	Reduce -0.4%	0.07%	−0.00
CSCO Cisco Systems Inc.	Reduce -10.0%	0.05%	−0.00
IBM Intl Business Machines Corp.	Reduce -0.8%	0.05%	−0.00
WMT Walmart Inc.	Reduce -0.2%	1.20%	+0.02

Portfolio Buys Q3 2025 → Q4 2025


JCPB JPMorgan Core Plus Bond ETF	Add +13.0%	7.03%	+0.43
DFIC Dimensional International Co.	Add +3.8%	9.98%	+0.30
JMST JPM Ultra-Short Muni Income	Add +38.8%	1.07%	+0.25
JMUB JPMorgan Municipal ETF	Add +10.9%	3.77%	+0.18
NVDA Nvidia Corp.	Add +258.9%	0.21%	+0.15
SHYM iShares Short Duration High	Add +21.0%	0.89%	+0.11
PH Parker Hannifin Corp.	New	0.10%	+0.10
TSLA Tesla Inc.	New	0.09%	+0.09
SHOP Shopify Inc. Class A	New	0.09%	+0.09
PSLV Sprott Physical Silver Trust	New	0.07%	+0.07
ANET Arista Networks Inc.	New	0.07%	+0.07
CRWD CrowdStrike Holdings Inc. Class A	New	0.07%	+0.07
AMZN Amazon.com Inc.	Add +54.4%	0.18%	+0.06
AAPL Apple Inc.	Add +8.1%	0.73%	+0.06
QQQM Invesco Nasdaq 100 ETF	New	0.06%	+0.06
MA Mastercard Inc. Class A	New	0.06%	+0.06
TSM Taiwan Semiconductor-SP ADR	New	0.06%	+0.06
IWM iShares Russell 2000 ETF	New	0.05%	+0.05
GOOGL Alphabet Inc. Class A	New	0.05%	+0.05
SLV iShares Silver Trust	Add +16.4%	0.12%	+0.05
IJH iShares Core S&P Midcap ETF	New	0.05%	+0.05
DFUS Dimensional US Eq MKT ETF	Add +3.7%	11.75%	+0.05
RSP Invesco S&P 500 Equal Weight	New	0.05%	+0.05
AGG iShares Core U.S. Aggregate	New	0.04%	+0.04
MELI MercadoLibre Inc.	New	0.04%	+0.04
DIS The Walt Disney Co.	New	0.04%	+0.04
IQLT iShares MSCI International Q	New	0.04%	+0.04
IBMT iShares Ibonds Dec 2031 Muni	Add +22.7%	0.23%	+0.03
IBMO iShares Ibonds Dec 2026 Term	Add +23.0%	0.23%	+0.03
IBMS ISHARESIBONDDEC2030MUNIBDETF	Add +22.8%	0.23%	+0.03
IBMQ iShares Ibonds Dec 2028 Muni	Add +23.0%	0.23%	+0.03
IBMP iShares Ibonds Dec 2027 Term	Add +23.0%	0.23%	+0.03
VTI VG Morningstar TS MKT ETF-US	Add +14.5%	0.33%	+0.03
IBMR iShares Ibonds Dec 2029 M BD	Add +22.9%	0.23%	+0.03
GOOG Alphabet Inc. Class C	Add +0.1%	0.14%	+0.03
IBHI iShares Ibonds 2029 TM HY Inc.	Add +38.9%	0.09%	+0.02
IBHG iShares Ibonds 2027 HY Inc.	Add +33.5%	0.10%	+0.02
IBHH iShares Ibonds 2028 TM HY Inc.	Add +33.3%	0.10%	+0.02
IBHF iShares Ibond 2026 HY & Inc.	Add +33.4%	0.10%	+0.02
JNJ Johnson & Johnson	Add +8.3%	0.15%	+0.02
DFEM Dimensional Emrg MRKT Core	Add +5.2%	0.68%	+0.02
LMT Lockheed Martin Corp.	Add +27.8%	0.11%	+0.02
JPIE JPMorgan Income ETF	Add +17.3%	0.12%	+0.01
DFNM Dimensional National Muni BD	Add +6.6%	0.74%	+0.01
GLD SPDR Gold Shares	Add +0.9%	0.14%	+0.01
JPST JPMorgan Ultra-Short Income	Add +6.2%	2.31%	+0.00
AVGO Broadcom Inc.	Add +1.4%	0.08%	+0.00
SPDW Ste STR SPDR PT DW Eu ETF	Add +1.8%	0.05%	0.00
IVW iShares S&P 500 Growth ETF	Add +0.1%	0.05%	−0.00
RF Regions Financial Corp.	Add +1.0%	0.10%	−0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	132	$588.7M	DFUS, DFIC, QUAL, DFAT, JCPB
Q1 2026	124	$501.2M	DFUS, DFIC, QUAL, JCPB, DFAT
Q4 2025	118	$476.2M	DFUS, DFIC, QUAL, JCPB, IUSG
Q3 2025	107	$450.4M	DFUS, DFIC, QUAL, IUSG, JCPB
Q2 2025	88	$403.1M	DFUS, DFIC, QUAL, IUSG, DFAC
Q1 2025	86	$353.4M	DFUS, QUAL, DFIC, JCPB, DFAC
Q4 2024	86	$337.4M	QUAL, DFUS, DFIC, DFAC, IUSG
Q3 2024	89	$329.4M	DFAC, QUAL, DFIC, IUSG, BNDX
Q2 2024	83	$289.2M	DFAC, QUAL, DFIC, IUSG, BNDX
Q1 2024	73	$259.0M	DFAC, QUAL, DFIC, BNDX, IUSG