13F HOLDINGS REPORT

Aspen Investment Management Inc

Quarter ended Q2 2025 · Filed August 11, 2025 · Accession 0001541596-25-000005

Total Value

$237,769

Positions

148

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (147)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	33,705	$20,826	8.76%
2	INVESCO EXCHANGE TRADED FD T	IVZ	61,603	$11,196	4.71%
3	MICROSOFT CORP	MSFT	16,511	$8,213	3.45%
4	ISHARES TR	46432F842	88,969	$7,427	3.12%
5	ISHARES TR	464287655	34,417	$7,427	3.12%
6	ISHARES TR	464288638	133,545	$7,117	2.99%
7	ISHARES TR	464288646	116,009	$6,121	2.57%
8	JPMORGAN CHASE & CO.	VYLD	17,898	$5,189	2.18%
9	WALMART INC	WMT	46,893	$4,585	1.93%
10	FIRST TR EXCH TRADED FD III	33739E108	241,246	$4,294	1.81%
11	GOLDMAN SACHS GROUP INC	GSCE	5,923	$4,192	1.76%
12	FIRST TR EXCHANGE-TRADED FD	33738D309	84,158	$3,862	1.62%
13	INVESCO EXCH TRD SLF IDX FD	IVZ	193,320	$3,799	1.60%
14	ISHARES TR	464287200	5,792	$3,596	1.51%
15	APPLE INC	AAPL	16,106	$3,305	1.39%
16	INVESCO EXCH TRD SLF IDX FD	IVZ	161,155	$3,302	1.39%
17	VANGUARD INDEX FDS	922908553	36,434	$3,245	1.36%
18	AMAZON COM INC	AMZN	12,954	$2,842	1.20%
19	INVESCO EXCH TRD SLF IDX FD	IVZ	149,170	$2,789	1.17%
20	INVESCO EXCH TRD SLF IDX FD	IVZ	141,285	$2,758	1.16%
21	ROBINHOOD MKTS INC	770700102	29,228	$2,737	1.15%
22	SELECT SECTOR SPDR TR	81369Y506	32,159	$2,727	1.15%
23	VISA INC	V	7,400	$2,627	1.10%
24	PIMCO ETF TR	72201R783	27,538	$2,616	1.10%
25	INTERCONTINENTAL EXCHANGE IN	45866F104	13,119	$2,407	1.01%
26	FAIR ISAAC CORP	FICO	1,297	$2,371	1.00%
27	SELECT SECTOR SPDR TR	81369Y886	28,159	$2,299	0.97%
28	HOME DEPOT INC	HD	6,172	$2,263	0.95%
29	TRANE TECHNOLOGIES PLC	TT	5,127	$2,243	0.94%
30	SCHWAB CHARLES CORP	SCHW-PJ	24,470	$2,233	0.94%
31	SPDR GOLD TR	GLD	6,978	$2,127	0.89%
32	INTERNATIONAL BUSINESS MACHS	INTR	7,079	$2,087	0.88%
33	STRYKER CORPORATION	SYK	5,127	$2,028	0.85%
34	SCHWAB STRATEGIC TR	808524607	79,769	$2,018	0.85%
35	INVESCO QQQ TR	IVZ	3,564	$1,966	0.83%
36	WASTE MGMT INC DEL	94106L109	8,532	$1,952	0.82%
37	SCHWAB STRATEGIC TR	808524201	76,179	$1,862	0.78%
38	WISDOMTREE TR	WT	58,570	$1,860	0.78%
39	PEPSICO INC	PEP	13,595	$1,795	0.75%
40	ALPHABET INC	GOOG	10,051	$1,771	0.74%
41	AUTOMATIC DATA PROCESSING IN	ADP	5,487	$1,692	0.71%
42	INVESCO EXCH TRD SLF IDX FD	IVZ	80,355	$1,662	0.70%
43	SCHWAB STRATEGIC TR	808524805	74,805	$1,653	0.70%
44	BANK AMERICA CORP	060505104	34,620	$1,638	0.69%
45	VANGUARD INDEX FDS	922908629	5,802	$1,624	0.68%
46	JOHNSON CTLS INTL PLC	G51502105	15,080	$1,593	0.67%
47	EXXON MOBIL CORP	XOM	14,748	$1,590	0.67%
48	CSX CORP	CSX	48,182	$1,572	0.66%
49	ILLINOIS TOOL WKS INC	452308109	6,345	$1,569	0.66%
50	AMGEN INC	AMGN	5,515	$1,540	0.65%
51	CISCO SYS INC	CSCO	21,057	$1,461	0.61%
52	JOHNSON & JOHNSON	JNJ	9,314	$1,423	0.60%
53	CHEVRON CORP NEW	CVX	9,932	$1,422	0.60%
54	WILLIAMS COS INC	969457100	21,974	$1,380	0.58%
55	CORNING INC	GLW	25,214	$1,326	0.56%
56	QUANTA SVCS INC	74762E102	3,397	$1,284	0.54%
57	EATON CORP PLC	ETN	3,464	$1,237	0.52%
58	AMERICAN EXPRESS CO	AXP	3,678	$1,173	0.49%
59	PROCTER AND GAMBLE CO	742718109	7,357	$1,172	0.49%
60	HUNTINGTON BANCSHARES INC	HBANP	69,829	$1,171	0.49%
61	ISHARES TR	464287622	3,442	$1,169	0.49%
62	CATERPILLAR INC	CAT	2,930	$1,137	0.48%
63	BOSTON SCIENTIFIC CORP	BSX	10,474	$1,125	0.47%
64	ISHARES TR	464287465	12,180	$1,089	0.46%
65	COSTCO WHSL CORP NEW	22160K105	1,098	$1,087	0.46%
66	NEXTERA ENERGY INC	NEE-PW	15,600	$1,083	0.46%
67	VANGUARD INTL EQUITY INDEX F	922042858	21,892	$1,083	0.46%
68	BANK NEW YORK MELLON CORP	064058100	11,783	$1,074	0.45%
69	ABBOTT LABS	ABLZF	7,755	$1,055	0.44%
70	MONDELEZ INTL INC	609207105	15,468	$1,043	0.44%
71	PAYPAL HLDGS INC	PYPL	13,284	$987	0.42%
72	ABBVIE INC	ABBV	4,823	$895	0.38%
73	LOCKHEED MARTIN CORP	LMT	1,869	$866	0.36%
74	SCHWAB STRATEGIC TR	808524888	20,278	$864	0.36%
75	WELLS FARGO CO NEW	949746101	10,738	$860	0.36%
76	EDWARDS LIFESCIENCES CORP	EW	10,231	$800	0.34%
77	ELI LILLY & CO	LLY	1,017	$793	0.33%
78	VANGUARD INDEX FDS	922908769	2,567	$780	0.33%
79	TEXAS INSTRS INC	882508104	3,695	$767	0.32%
80	NVIDIA CORPORATION	NVDA	4,819	$761	0.32%
81	ABRDN ETFS	003261104	33,885	$704	0.30%
82	COCA COLA CO	KO	9,727	$688	0.29%
83	SCHWAB STRATEGIC TR	808524706	22,457	$677	0.28%
84	ISHARES INC	46434G103	11,245	$675	0.28%
85	SELECT SECTOR SPDR TR	81369Y803	2,658	$673	0.28%
86	ORACLE CORP	ORCL-PD	2,989	$653	0.27%
87	ALPHABET INC	GOOG	3,636	$645	0.27%
88	DUKE ENERGY CORP NEW	DUKB	5,319	$628	0.26%
89	GE AEROSPACE	369604301	2,419	$623	0.26%
90	SCHWAB STRATEGIC TR	808524508	21,825	$612	0.26%
91	AMERICAN INTL GROUP INC	026874784	7,120	$609	0.26%
92	MICRON TECHNOLOGY INC	MU	4,942	$609	0.26%
93	VANGUARD WORLD FD	92204A702	908	$602	0.25%
94	ETHAN ALLEN INTERIORS INC	ETD	21,296	$593	0.25%
95	ISHARES TR	464288356	10,631	$593	0.25%
96	MARVELL TECHNOLOGY INC	MRVL	7,495	$580	0.24%
97	METLIFE INC	MET-PF	7,025	$565	0.24%
98	ISHARES TR	464287507	8,999	$558	0.23%
99	FIRST TR EXCHANGE-TRADED FD	33738D101	14,870	$558	0.23%
100	BROADCOM INC	AVGO	2,012	$555	0.23%
101	SCHWAB STRATEGIC TR	808524300	18,226	$532	0.22%
102	ISHARES TR	464287614	1,230	$522	0.22%
103	ISHARES TR	464287101	1,700	$517	0.22%
104	SCHWAB STRATEGIC TR	808524797	19,509	$517	0.22%
105	SELECT SECTOR SPDR TR	81369Y209	3,688	$497	0.21%
106	VANGUARD INDEX FDS	922908637	1,733	$494	0.21%
107	WISDOMTREE TR	WT	9,630	$483	0.20%
108	CROWDSTRIKE HLDGS INC	CRWD	940	$479	0.20%
109	DEERE & CO	DE	925	$470	0.20%
110	THE TRADE DESK INC	88339J105	6,491	$467	0.20%
111	IRON MTN INC DEL	46284V101	4,535	$465	0.20%
112	CONOCOPHILLIPS	COP	5,049	$453	0.19%
113	ELEVANCE HEALTH INC	ELV	1,143	$445	0.19%
114	MARATHON PETE CORP	MARA	2,622	$435	0.18%
115	FORTINET INC	FTNT	3,817	$404	0.17%
116	VANGUARD SPECIALIZED FUNDS	921908844	1,939	$397	0.17%
117	FIRST TR EXCHANGE TRADED FD	33734X846	5,064	$383	0.16%
118	TRAVELERS COMPANIES INC	TRV	1,406	$376	0.16%
119	MONSTER BEVERAGE CORP NEW	MNST	6,000	$376	0.16%
120	SELECT SECTOR SPDR TR	81369Y605	7,104	$372	0.16%
121	BRISTOL-MYERS SQUIBB CO	CELG-RI	7,764	$359	0.15%
122	ISHARES SILVER TR	SLV	10,794	$354	0.15%
123	MEDTRONIC PLC	MDT	4,034	$352	0.15%
124	DISNEY WALT CO	254687106	2,757	$342	0.14%
125	DOCUSIGN INC	DOCU	4,133	$322	0.14%
126	CITIGROUP INC	C-PR	3,739	$318	0.13%
127	INTEL CORP	INTC	14,174	$317	0.13%
128	SNOWFLAKE INC	SNOW	1,320	$295	0.12%
129	SELECT SECTOR SPDR TR	81369Y704	1,996	$294	0.12%
130	ONTO INNOVATION INC	ONTO	2,900	$293	0.12%
131	MOTOROLA SOLUTIONS INC	MSI	690	$290	0.12%
132	DUTCH BROS INC	BROS	4,240	$290	0.12%
133	PAYCHEX INC	PAYX	1,909	$278	0.12%
134	VANGUARD WHITEHALL FDS	921946406	2,075	$277	0.12%
135	DTE ENERGY CO	DTK	2,088	$277	0.12%
136	HCA HEALTHCARE INC	HCA	706	$271	0.11%
137	GE VERNOVA INC	GEV	505	$267	0.11%
138	SPDR SERIES TRUST	78464A862	1,034	$265	0.11%
139	PFIZER INC	PFE	10,861	$263	0.11%
140	SPDR S&P MIDCAP 400 ETF TR	MDY	463	$262	0.11%
141	SCHWAB STRATEGIC TR	808524409	9,380	$260	0.11%
142	OKTA INC	OKTA	2,574	$257	0.11%
143	WISDOMTREE TR	WT	5,650	$255	0.11%
144	LISTED FDS TR	53656F623	5,914	$249	0.10%
145	ISHARES TR	464287499	2,700	$248	0.10%
146	REPUBLIC SVCS INC	760759100	945	$233	0.10%
147	SHERWIN WILLIAMS CO	SHW	650	$223	0.09%