13F HOLDINGS REPORT

Aspen Investment Management Inc

Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001541596-25-000007

Total Value

$258,810

Positions

149

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (149)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	35,310	$23,523	9.09%
2	INVESCO EXCHANGE TRADED FD T	IVZ	63,110	$11,972	4.63%
3	MICROSOFT CORP	MSFT	17,067	$8,840	3.42%
4	ISHARES TR	464287655	36,451	$8,820	3.41%
5	ISHARES TR	46432F842	96,923	$8,462	3.27%
6	ISHARES TR	464288638	144,631	$7,823	3.02%
7	ISHARES TR	464288646	129,869	$6,887	2.66%
8	JPMORGAN CHASE & CO.	VYLD	18,316	$5,777	2.23%
9	GOLDMAN SACHS GROUP INC	GSCE	6,037	$4,808	1.86%
10	WALMART INC	WMT	44,192	$4,554	1.76%
11	FIRST TR EXCH TRADED FD III	33739E108	244,378	$4,457	1.72%
12	ISHARES TR	464287200	5,800	$3,882	1.50%
13	APPLE INC	AAPL	15,135	$3,854	1.49%
14	FIRST TR EXCHANGE-TRADED FD	33738D309	83,755	$3,839	1.48%
15	INVESCO EXCH TRD SLF IDX FD	IVZ	192,345	$3,791	1.46%
16	VANGUARD INDEX FDS	922908553	37,180	$3,399	1.31%
17	INVESCO EXCH TRD SLF IDX FD	IVZ	163,710	$3,368	1.30%
18	ROBINHOOD MKTS INC	770700102	23,192	$3,321	1.28%
19	AMAZON COM INC	AMZN	14,573	$3,200	1.24%
20	INVESCO EXCH TRD SLF IDX FD	IVZ	150,655	$2,834	1.10%
21	ALPHABET INC	GOOG	11,526	$2,802	1.08%
22	INVESCO EXCH TRD SLF IDX FD	IVZ	139,045	$2,720	1.05%
23	SELECT SECTOR SPDR TR	81369Y506	30,435	$2,719	1.05%
24	PIMCO ETF TR	72201R783	28,125	$2,691	1.04%
25	INVESCO QQQ TR	IVZ	4,294	$2,578	1.00%
26	HOME DEPOT INC	HD	6,154	$2,493	0.96%
27	VISA INC	V	7,303	$2,493	0.96%
28	SELECT SECTOR SPDR TR	81369Y886	28,579	$2,492	0.96%
29	SCHWAB CHARLES CORP	SCHW-PJ	24,364	$2,326	0.90%
30	SPDR GOLD TR	GLD	6,518	$2,317	0.90%
31	INTERCONTINENTAL EXCHANGE IN	45866F104	13,341	$2,248	0.87%
32	CORNING INC	GLW	27,203	$2,231	0.86%
33	SCHWAB STRATEGIC TR	808524607	79,895	$2,229	0.86%
34	TRANE TECHNOLOGIES PLC	TT	5,222	$2,203	0.85%
35	SCHWAB STRATEGIC TR	808524201	76,304	$2,010	0.78%
36	FAIR ISAAC CORP	FICO	1,337	$2,001	0.77%
37	WISDOMTREE TR	WT	58,322	$1,964	0.76%
38	INTERNATIONAL BUSINESS MACHS	INTR	6,960	$1,964	0.76%
39	STRYKER CORPORATION	SYK	5,220	$1,930	0.75%
40	WASTE MGMT INC DEL	94106L109	8,714	$1,924	0.74%
41	JOHNSON & JOHNSON	JNJ	9,570	$1,775	0.69%
42	SCHWAB STRATEGIC TR	808524805	74,805	$1,741	0.67%
43	PEPSICO INC	PEP	12,376	$1,738	0.67%
44	BANK AMERICA CORP	060505104	33,171	$1,711	0.66%
45	CSX CORP	CSX	48,183	$1,711	0.66%
46	VANGUARD INDEX FDS	922908629	5,802	$1,704	0.66%
47	EXXON MOBIL CORP	XOM	15,109	$1,703	0.66%
48	JOHNSON CTLS INTL PLC	G51502105	15,080	$1,658	0.64%
49	AMGEN INC	AMGN	5,709	$1,611	0.62%
50	AUTOMATIC DATA PROCESSING IN	ADP	5,487	$1,611	0.62%
51	ILLINOIS TOOL WKS INC	452308109	6,161	$1,607	0.62%
52	CHEVRON CORP NEW	CVX	9,938	$1,543	0.60%
53	INVESCO EXCH TRD SLF IDX FD	IVZ	74,318	$1,538	0.59%
54	CISCO SYS INC	CSCO	21,308	$1,458	0.56%
55	QUANTA SVCS INC	74762E102	3,518	$1,458	0.56%
56	WILLIAMS COS INC	969457100	22,354	$1,416	0.55%
57	CATERPILLAR INC	CAT	2,930	$1,398	0.54%
58	SCHWAB STRATEGIC TR	808524797	49,926	$1,363	0.53%
59	EATON CORP PLC	ETN	3,579	$1,339	0.52%
60	ABBVIE INC	ABBV	5,730	$1,327	0.51%
61	AMERICAN EXPRESS CO	AXP	3,857	$1,281	0.49%
62	ISHARES TR	464287622	3,442	$1,258	0.49%
63	NEOS ETF TRUST	78433H303	23,880	$1,249	0.48%
64	VANGUARD INTL EQUITY INDEX F	922042858	22,552	$1,222	0.47%
65	NEXTERA ENERGY INC	NEE-PW	15,525	$1,172	0.45%
66	BANK NEW YORK MELLON CORP	064058100	10,593	$1,154	0.45%
67	PROCTER AND GAMBLE CO	742718109	7,460	$1,146	0.44%
68	ISHARES TR	464287465	12,180	$1,137	0.44%
69	SELECT SECTOR SPDR TR	81369Y704	7,203	$1,111	0.43%
70	BOSTON SCIENTIFIC CORP	BSX	11,214	$1,095	0.42%
71	NVIDIA CORPORATION	NVDA	5,310	$991	0.38%
72	HUNTINGTON BANCSHARES INC	HBANP	56,909	$983	0.38%
73	ELI LILLY & CO	LLY	1,267	$967	0.37%
74	MONDELEZ INTL INC	609207105	15,325	$957	0.37%
75	VANGUARD INDEX FDS	922908769	2,918	$957	0.37%
76	ALPHABET INC	GOOG	3,881	$945	0.37%
77	SCHWAB STRATEGIC TR	808524888	20,578	$937	0.36%
78	VANGUARD SPECIALIZED FUNDS	921908844	4,289	$926	0.36%
79	LOCKHEED MARTIN CORP	LMT	1,819	$908	0.35%
80	WELLS FARGO CO NEW	949746101	10,738	$900	0.35%
81	PAYPAL HLDGS INC	PYPL	13,228	$887	0.34%
82	ORACLE CORP	ORCL-PD	2,989	$841	0.32%
83	EDWARDS LIFESCIENCES CORP	EW	10,231	$796	0.31%
84	MICRON TECHNOLOGY INC	MU	4,717	$789	0.30%
85	ABBOTT LABS	ABLZF	5,738	$769	0.30%
86	ISHARES INC	46434G103	11,230	$740	0.29%
87	SCHWAB STRATEGIC TR	808524706	21,957	$733	0.28%
88	GE AEROSPACE	369604301	2,419	$728	0.28%
89	SELECT SECTOR SPDR TR	81369Y803	2,553	$720	0.28%
90	ABRDN ETFS	003261104	32,921	$709	0.27%
91	ISHARES TR	464288356	12,410	$708	0.27%
92	VANGUARD WORLD FD	92204A702	908	$678	0.26%
93	BROADCOM INC	AVGO	2,052	$677	0.26%
94	TEXAS INSTRS INC	882508104	3,610	$663	0.26%
95	MARVELL TECHNOLOGY INC	MRVL	7,836	$659	0.25%
96	ISHARES TR	464287507	9,971	$651	0.25%
97	SCHWAB STRATEGIC TR	808524508	21,789	$646	0.25%
98	COCA COLA CO	KO	9,727	$645	0.25%
99	DUKE ENERGY CORP NEW	DUKB	5,161	$639	0.25%
100	ETHAN ALLEN INTERIORS INC	ETD	20,796	$613	0.24%
101	SCHWAB STRATEGIC TR	808524300	18,236	$582	0.22%
102	ISHARES TR	464287614	1,230	$576	0.22%
103	FIRST TR EXCHANGE-TRADED FD	33738D101	14,870	$569	0.22%
104	ISHARES TR	464287101	1,700	$566	0.22%
105	AMERICAN INTL GROUP INC	026874784	7,124	$559	0.22%
106	VANGUARD INDEX FDS	922908637	1,733	$534	0.21%
107	CROWDSTRIKE HLDGS INC	CRWD	1,037	$509	0.20%
108	MARATHON PETE CORP	MARA	2,622	$505	0.20%
109	WISDOMTREE TR	WT	9,630	$504	0.19%
110	COSTCO WHSL CORP NEW	22160K105	543	$503	0.19%
111	ADVANCED MICRO DEVICES INC	AMD	2,951	$477	0.18%
112	CONOCOPHILLIPS	COP	4,939	$467	0.18%
113	INTEL CORP	INTC	13,924	$467	0.18%
114	IRON MTN INC DEL	46284V101	4,539	$463	0.18%
115	FIRST TR EXCHANGE TRADED FD	33734X846	5,802	$441	0.17%
116	DEERE & CO	DE	925	$423	0.16%
117	ISHARES SILVER TR	SLV	9,719	$412	0.16%
118	TRAVELERS COMPANIES INC	TRV	1,406	$393	0.15%
119	SELECT SECTOR SPDR TR	81369Y605	7,183	$387	0.15%
120	MEDTRONIC PLC	MDT	3,989	$380	0.15%
121	CITIGROUP INC	C-PR	3,739	$380	0.15%
122	MASTEC INC	MTZ	1,645	$350	0.14%
123	SELECT SECTOR SPDR TR	81369Y209	2,428	$338	0.13%
124	SPDR SERIES TRUST	78464A862	1,034	$330	0.13%
125	SPDR SERIES TRUST	78464A888	2,920	$324	0.13%
126	MONSTER BEVERAGE CORP NEW	MNST	4,768	$321	0.12%
127	GLOBAL X FDS	37954Y871	6,700	$319	0.12%
128	THE TRADE DESK INC	88339J105	6,491	$318	0.12%
129	META PLATFORMS INC	META	431	$317	0.12%
130	DISNEY WALT CO	254687106	2,757	$316	0.12%
131	MOTOROLA SOLUTIONS INC	MSI	690	$316	0.12%
132	BRISTOL-MYERS SQUIBB CO	CELG-RI	6,939	$313	0.12%
133	GE VERNOVA INC	GEV	505	$311	0.12%
134	HCA HEALTHCARE INC	HCA	699	$298	0.12%
135	DOCUSIGN INC	DOCU	4,133	$298	0.12%
136	VANGUARD WHITEHALL FDS	921946406	2,075	$292	0.11%
137	SPDR S&P MIDCAP 400 ETF TR	MDY	463	$276	0.11%
138	SCHWAB STRATEGIC TR	808524409	9,237	$269	0.10%
139	VANECK ETF TRUST	92189F676	799	$261	0.10%
140	ISHARES TR	464287499	2,700	$261	0.10%
141	WISDOMTREE TR	WT	5,650	$260	0.10%
142	INVESCO EXCHANGE TRADED FD T	IVZ	4,618	$249	0.10%
143	SNOWFLAKE INC	SNOW	1,105	$249	0.10%
144	PAYCHEX INC	PAYX	1,909	$242	0.09%
145	SHOPIFY INC	SHOP	1,595	$237	0.09%
146	VANGUARD INDEX FDS	922908744	1,260	$235	0.09%
147	PALANTIR TECHNOLOGIES INC	PLTR	1,252	$228	0.09%
148	SHERWIN WILLIAMS CO	SHW	650	$225	0.09%
149	REPUBLIC SVCS INC	760759100	945	$217	0.08%