Aspen Capital Management, LLC
CIK 2065974 · View on SEC EDGAR ↗
- Portfolio value
- $453.0M
- Positions
- 83
- As of
- June 30, 2026
#4,041 of 9,443 by 13F value · top 42.8%
Portfolio value QoQ: +12.1% 13F does not disclose cash
- Top 10 holdings weight
- 73.78%
- Top 25 holdings weight
- 91.50%
- Positions above 1%
- 17
- Effective number of positions
- 11.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.0% Est. buys $33,492,914 · sells $21,402,726
Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 87.4% still held
- New positions
- 9
- Increased
- 39
- Decreased
- 12
- Closed
- 3
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
4.7%
Financials
3.2%
Retail
0.6%
Communication Services
0.6%
Healthcare
0.4%
Financial Services
0.3%
Industrials
0.3%
Consumer Discretionary
0.2%
Other/Unmapped
89.8%
Full portfolio 83 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFIC | $88,708,061 | 19.58% | 2,380,785 | $7,846,817 | Up ×4 | ||
| DFAC | $69,965,338 | 15.45% | 1,577,217 | $11,950,540 | Up ×5 | ||
| DFCF | $34,807,881 | 7.68% | 824,636 | $56,085 | Up ×5 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $34,382,269 | 7.59% | 341,534 | $-19,325,236 | Down ×3 | ||
| DFEM | $22,665,225 | 5.00% | 557,707 | $4,202,707 | Up ×5 | ||
| DFAT | $19,175,376 | 4.23% | 274,326 | $1,859,643 | Down ×5 | ||
| DUSB | $17,831,563 | 3.94% | 351,153 | $15,427,770 | Up ×1 | ||
| DFAS | $17,635,836 | 3.89% | 214,183 | $2,253,166 | Down ×5 | ||
| DFGR | $16,047,624 | 3.54% | 553,939 | $1,518,049 | Up ×5 | ||
| USB U.S. Bancorp Common Stock | $12,975,996 | 2.86% | 214,834 | $1,786,124 | Down ×1 | ||
| DFSV | $11,464,645 | 2.53% | 295,557 | $1,648,107 | Up ×4 | ||
| DCOR | $10,503,796 | 2.32% | 128,126 | $2,009,910 | Up ×4 | ||
| DFAX | $7,416,965 | 1.64% | 201,329 | $607,344 | Up ×5 | ||
| AAPL Apple Inc. - Common Stock | $6,418,457 | 1.42% | 22,182 | $829,162 | Up ×1 | ||
| IWB | $6,022,169 | 1.33% | 14,706 | $743,244 | Down ×5 | ||
| NVDA NVIDIA Corporation - Common Stock | $5,520,646 | 1.22% | 27,591 | $798,103 | Up ×1 | ||
| DFSU | $5,200,891 | 1.15% | 111,535 | $505,309 | Down ×2 | ||
| DFSI | $4,174,589 | 0.92% | 92,563 | $291,153 | Up ×1 | ||
| DFUV | $4,062,200 | 0.90% | 73,845 | $487,870 | Up ×2 | ||
| TXN Texas Instruments Incorporated - Common Stock | $4,061,204 | 0.90% | 13,625 | Up ×1 | |||
| QQQ Invesco QQQ Trust, Series 1 | $4,043,003 | 0.89% | 5,490 | $939,952 | Up ×2 | ||
| AVDE | $3,304,481 | 0.73% | 37,046 | $142,376 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,926,564 | 0.65% | 7,846 | $66,761 | Up ×1 | ||
| IVV | $2,631,599 | 0.58% | 3,514 | $336,219 | |||
| DFAW | $2,537,434 | 0.56% | 30,649 | $615,477 | Up ×5 | ||
| IWM | $2,247,038 | 0.50% | 7,479 | $341,693 | Down ×2 | ||
| AVUS | $1,877,909 | 0.41% | 14,662 | $247,788 | |||
| SPY SPY | $1,846,015 | 0.41% | 2,472 | $337,226 | Up ×1 | ||
| DIA | $1,593,290 | 0.35% | 3,050 | $273,198 | Up ×1 | ||
| VTI | $1,578,553 | 0.35% | 4,266 | $221,880 | Up ×4 | ||
| VTV | $1,462,766 | 0.32% | 6,712 | $161,363 | Up ×2 | ||
| EFA | $1,454,271 | 0.32% | 14,000 | $94,497 | |||
| JPM JP Morgan Chase & Co. Common Stock | $1,388,861 | 0.31% | 4,243 | $161,625 | Up ×1 | ||
| PAYO Payoneer Global Inc. - Common Stock | $1,382,861 | 0.31% | 194,222 | $444,769 | |||
| AMZN Amazon.com, Inc. - Common Stock | $1,375,698 | 0.30% | 5,772 | $191,683 | Up ×2 | ||
| VT | $1,241,570 | 0.27% | 7,911 | $147,578 | Up ×1 | ||
| AVUV | $1,216,660 | 0.27% | 9,752 | $139,357 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,119,283 | 0.25% | 3,132 | $246,538 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $1,068,130 | 0.24% | 3,023 | $200,946 | |||
| DFSE | $951,817 | 0.21% | 19,473 | $100,724 | Down ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $830,928 | 0.18% | 720 | $427,932 | Down ×1 | ||
| BRKA | $748,850 | 0.17% | 1 | $30,710 | |||
| TSLA Tesla, Inc. - Common Stock | $637,630 | 0.14% | 1,516 | $366,624 | Up ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $621,902 | 0.14% | 584 | $208,161 | |||
| BRKB | $599,467 | 0.13% | 1,198 | $82,889 | Up ×1 | ||
| VOO | $562,646 | 0.12% | 819 | $73,172 | |||
| CASY Caseys General Stores, Inc. - Common Stock | $557,943 | 0.12% | 702 | $46,985 | |||
| HPE Hewlett Packard Enterprise Company Common Stock | $533,155 | 0.12% | 11,819 | $231,030 | Down ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $524,329 | 0.12% | 1,210 | $265,800 | |||
| ESGV | $523,865 | 0.12% | 3,961 | $80,059 | Up ×5 | ||
| EEM | $500,377 | 0.11% | 7,314 | $84,993 | |||
| SCHX | $452,602 | 0.10% | 15,379 | $58,510 | Up ×3 | ||
| SCHB | $447,806 | 0.10% | 15,463 | $223,433 | Up ×2 | ||
| CGGO | $444,719 | 0.10% | 10,506 | $111,887 | Up ×1 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $441,822 | 0.10% | 1,111 | $-70,338 | |||
| DFSB | $440,568 | 0.10% | 8,455 | $29,797 | Up ×1 | ||
| VB | $425,202 | 0.09% | 1,403 | $57,793 | |||
| AMAT Applied Materials, Inc. - Common Stock | $393,402 | 0.09% | 544 | Up ×1 | |||
| LLY Eli Lilly and Company Common Stock | $387,416 | 0.09% | 323 | $93,090 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $384,105 | 0.08% | 411 | $-23,962 | Up ×1 | ||
| SCHF | $361,169 | 0.08% | 13,039 | $67,994 | Up ×2 | ||
| FDN | $345,460 | 0.08% | 1,305 | $63,454 | Up ×1 | ||
| A Agilent Technologies, Inc. Common Stock | $341,774 | 0.08% | 2,573 | $48,501 | |||
| KEYS Keysight Technologies Inc. Common Stock | $325,215 | 0.07% | 929 | $62,893 | |||
| RBLX Roblox Corporation Class A Common Stock | $324,812 | 0.07% | 5,973 | $-13,021 | |||
| ABBV AbbVie Inc. Common Stock | $314,802 | 0.07% | 1,251 | $43,157 | Up ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $302,875 | 0.07% | 2,357 | $19,351 | |||
| VXUS Vanguard Total International Stock ETF | $302,464 | 0.07% | 3,538 | $29,649 | |||
| DE Deere & Company Common Stock | $292,426 | 0.06% | 461 | $32,745 | |||
| FYX First Trust Small Cap Core AlphaDEX Fund | $284,842 | 0.06% | 1,974 | $49,236 | |||
| AVEM | $283,488 | 0.06% | 2,938 | $47,333 | Up ×3 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $262,614 | 0.06% | 2,300 | $-10,212 | |||
| IJH | $253,150 | 0.06% | 3,283 | $31,626 | Up ×2 | ||
| FXL | $244,807 | 0.05% | 1,127 | Up ×1 | |||
| FNX First Trust Mid Cap Core AlphaDEX Fund | $241,179 | 0.05% | 1,648 | $-26,079 | Down ×1 | ||
| AGG | $233,975 | 0.05% | 2,364 | $9,649 | Up ×2 | ||
| CGUS | $231,607 | 0.05% | 5,207 | $31,554 | |||
| DFCA | $227,269 | 0.05% | 4,529 | Up ×1 | |||
| VONG Vanguard Russell 1000 Growth ETF | $217,405 | 0.05% | 1,701 | ||||
| CGGR | $216,082 | 0.05% | 4,578 | ||||
| HD Home Depot, Inc. (The) Common Stock | $214,429 | 0.05% | 608 | ||||
| SBUX Starbucks Corporation - Common Stock | $205,504 | 0.05% | 2,011 | Up ×1 | |||
| AXP American Express Company Common Stock | $201,259 | 0.04% | 595 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| DFIC | $88,708,061 | 19.58% | up ×4 |
| DFAC | $69,965,338 | 15.45% | up ×5 |
| DFCF | $34,807,881 | 7.68% | up ×5 |
| DFEM | $22,665,225 | 5.00% | up ×5 |
| DFGR | $16,047,624 | 3.54% | up ×5 |
| DFSV | $11,464,645 | 2.53% | up ×4 |
| DCOR | $10,503,796 | 2.32% | up ×4 |
| DFAX | $7,416,965 | 1.64% | up ×5 |
| DFAW | $2,537,434 | 0.56% | up ×5 |
| VTI | $1,578,553 | 0.35% | up ×4 |
| ESGV | $523,865 | 0.12% | up ×5 |
| SCHX | $452,602 | 0.10% | up ×3 |
| AVEM | $283,488 | 0.06% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SGOV | Trimmed | -192K | -$19.3M |
| DFAC | Bought more | +84K | +$12.0M |
| DFIC | Bought more | +105K | +$7.8M |
| DFEM | Bought more | +23K | +$4.2M |
| DFAS | Trimmed | -2K | +$2.3M |
| DCOR | Bought more | +10K | +$2.0M |
| DFAT | Trimmed | -3K | +$1.9M |
| USB | Trimmed | -314 | +$1.8M |
| DFSV | Bought more | +15K | +$1.6M |
| DFGR | Bought more | +7K | +$1.5M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| DFSD | June 30, 2025 | 36,550 | $1,736,856 | No longer tracked |
| HPQ | June 30, 2026 | 16,899 | $324,630 | 35.1% |
| MRK | June 30, 2025 | 3,519 | $315,865 | 91.6% |
| AXP | March 31, 2026 | 737 | $272,653 | 10.8% |
| ORCL | Dec. 31, 2025 | 949 | $266,957 | -24.9% |
| META | March 31, 2026 | 352 | $232,352 | -4.1% |
| NFLX | Sept. 30, 2025 | 172 | $230,330 | -93.4% |
| BLK | March 31, 2026 | 206 | $220,490 | 20.3% |
| LRN | June 30, 2026 | 2,461 | $216,986 | -2.6% |
| KNSL | Dec. 31, 2025 | 510 | $216,883 | -1.9% |
| CMG | March 31, 2026 | 5,850 | $216,450 | 12.1% |
| HD | March 31, 2026 | 608 | $209,213 | 2.0% |
| VONG | March 31, 2026 | 1,701 | $207,097 | |
| AVGE | June 30, 2026 | 2,336 | $205,647 | No longer tracked |
| CGGR | March 31, 2026 | 4,578 | $203,584 | No longer tracked |
| AVGO | Dec. 31, 2025 | 612 | $202,025 | 7.7% |
| MCD | June 30, 2025 | 644 | $201,166 | -8.1% |