ASPEN INVESTMENT MANAGEMENT INC
Q3 2026 Form 13-F
GRAND RAPIDS, MICHIGAN
CIK 0001541596
· CRD 112081
· SEC-registered investment adviser
$370.0M Reported Value Total
ASPEN INVESTMENT MANAGEMENT INC. reports 617 total accounts under management (AUM). There are 564 discretionary accounts valued at $448,539,656, and 53 non-discretionary accounts valued at $3,923,771.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-05
Reported value
$370.0M
Quarter over quarter
-0.5%
Holdings
182
Top-10 concentration
31.0%
Key People
Form ADV owners & control persons
William John Alphenaar
CHIEF COMPLIANCE OFFICER
Richard Gregory Knoor
TREASURER
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q3 2026 13F record
Q3 2026 13F filing summary
| Period of report | September 30, 2026 |
|---|---|
| Filed | November 05, 2026 |
| Form | 13F-HR |
| Reported value | $370.0M |
| Positions | 182 |
| Change in reported value | -0.5% |
| New positions | 5 |
| Exited positions | 10 |
| Position turnover | 7.8% |
| Top-10 concentration | 31.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 5, 2026
|
182 | $370.0M |
|
Q2 2026 13F
Filed Jul 17, 2026
|
187 | $372.0M |
|
Q1 2026 13F
Filed Apr 15, 2026
|
171 | $326.5M |
|
Q4 2025 13F
Filed Feb 6, 2026
|
176 | $331.8M |
|
Q3 2025 13F
Filed Nov 12, 2025
|
149 | $258.8M |
|
Q2 2025 13F
Filed Aug 11, 2025
|
147 | $237.8M |
|
Q1 2025 13F
Filed May 20, 2025
|
146 | $216.9M |
|
Q4 2024 13F
Filed Feb 3, 2025
|
141 | $215.4M |
|
Q3 2024 13F
Filed Nov 8, 2024
|
147 | $214.4M |
|
Q2 2024 13F
Filed Jul 26, 2024
|
148 | $200.4M |
|
Q1 2024 13F
Filed Apr 26, 2024
|
153 | $196.9M |
|
Q4 2023 13F
Filed Feb 9, 2024
|
139 | $179.0M |
|
Q3 2023 13F
Filed Nov 1, 2023
|
137 | $165.0M |
|
Q2 2023 13F
Filed Jul 28, 2023
|
138 | $168.3M |
|
Q1 2023 13F
Filed May 16, 2023
|
128 | $156.3M |
|
Q4 2022 13F
Filed Feb 6, 2023
|
125 | $153.0M |
|
Q3 2022 13F
Filed Nov 9, 2022
|
128 | $149.9M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
137 | $159.8M |
|
Q1 2022 13F
Filed May 11, 2022
|
143 | $190.7M |
|
Q4 2021 13F
Filed Jan 26, 2022
|
140 | $203.0M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY STATE STR SPDR S&P 500 ETF T | $24.7M | 6.68% |
| 2 | RSP INVESCO EXCHANGE TRADED FD T | $13.9M | 3.75% |
| 3 | MSFT MICROSOFT CORP | $11.8M | 3.18% |
| 4 | IWM ISHARES TR | $11.5M | 3.12% |
| 5 | AAPL APPLE INC | $11.4M | 3.07% |
| 6 | IEFA ISHARES TR | $10.6M | 2.86% |
| 7 | IGSB ISHARES TR | $8.6M | 2.32% |
| 8 | IGIB ISHARES TR | $8.4M | 2.27% |
| 9 | GOOGL ALPHABET INC | $7.2M | 1.95% |
| 10 | VIG VANGUARD SPECIALIZED FUNDS | $6.8M | 1.84% |
| 11 | JPM JPMORGAN CHASE & CO | $6.8M | 1.83% |
| 12 | NVDA NVIDIA CORPORATION | $6.7M | 1.8% |
| 13 | GS GOLDMAN SACHS GROUP INC | $6.2M | 1.68% |
| 14 | VTI VANGUARD INDEX FDS | $5.7M | 1.54% |
| 15 | SCHD SCHWAB STRATEGIC TR | $5.1M | 1.38% |
| 16 | AMZN AMAZON COM INC | $5.0M | 1.35% |
| 17 | IVV ISHARES TR | $4.9M | 1.33% |
| 18 | JNJ JOHNSON & JOHNSON | $4.9M | 1.32% |
| 19 | GLW CORNING INC | $4.4M | 1.18% |
| 20 | MU MICRON TECHNOLOGY INC | $4.3M | 1.17% |
Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.