Aspen Capital Management, LLC

13F filer · CIK 0002065974

Reported Aug 4, 2026

Net buyer this quarter

13F portfolio value$453MU.S. long equity reported on 13F

Positions365 new · 2 closed

Net flow last quarter+$4.89MBuys minus sells

Top 10 positions weight10.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 4, 202636 positions
USBUS Bancorp \de\	$13M	2.86%	0.01%	-0.2%	Q1 2025
DFAXGulf Resources, Inc.	$7.42M	1.64%	Not reported	+0.4%	Q1 2025
AAPLApple Inc.	$6.42M	1.42%	0.00%	+0.7%	Q1 2025
NVDANvidia Corp	$5.52M	1.22%	0.00%	+1.9%	Q1 2025
TXNTexas Instruments Inc	$4.06M	0.90%	0.00%	New	Q2 2026
QQQInvesco QQQ Trust, Series 1	$4.04M	0.89%	Not reported	+2.1%	Q1 2025
MSFTMicrosoft Corp	$2.93M	0.65%	0.00%	+1.6%	Q1 2025
SPYSPDR S&P 500 ETF Trust	$1.85M	0.41%	Not reported	+6.6%	Q1 2025
DIASPDR Dow Jones Industrial Average ETF Trust	$1.59M	0.35%	Not reported	+7.0%	Q1 2025
JPMJPMorgan Chase & Co	$1.39M	0.31%	0.00%	+1.7%	Q1 2025
PAYOPayoneer Global Inc.	$1.38M	0.31%	0.06%	Not reported	Q1 2025
AMZNAmazon Com Inc	$1.38M	0.30%	0.00%	+1.5%	Q1 2025
GOOGLAlphabet Inc.	$1.12M	0.25%	0.00%	+3.2%	Q1 2025
GOOGAlphabet Inc.	$1.07M	0.24%	Not reported	Not reported	Q1 2025
MUMicron Technology Inc	$831K	0.18%	0.00%	-39.7%	Q3 2025
BRK.ABerkshire Hathaway Inc	$749K	0.17%	Not reported	Not reported	Q1 2025
TSLATesla, Inc.	$638K	0.14%	0.00%	+108.0%	Q2 2025
CATCaterpillar Inc	$622K	0.14%	0.00%	Not reported	Q2 2025
BRK.BBerkshire Hathaway Inc	$599K	0.13%	Not reported	+11.1%	Q1 2025
CASYCaseys General Stores Inc	$558K	0.12%	0.00%	Not reported	Q1 2025
HPEHewlett Packard Enterprise Co	$533K	0.12%	0.00%	-6.9%	Q1 2025
LRCXLam Research Corp	$524K	0.12%	0.00%	Not reported	Q4 2025
ISRGIntuitive Surgical Inc	$442K	0.10%	0.00%	Not reported	Q1 2025
AMATApplied Materials Inc	$393K	0.09%	0.00%	New	Q2 2026
LLYELI LILLY & Co	$387K	0.09%	0.00%	+0.9%	Q1 2025
COSTCostco Wholesale Corp	$384K	0.08%	0.00%	+0.2%	Q1 2025
AAgilent Technologies, Inc.	$342K	0.08%	0.00%	Not reported	Q1 2025
KEYSKeysight Technologies, Inc.	$325K	0.07%	0.00%	Not reported	Q1 2026
RBLXRoblox Corp	$325K	0.07%	0.00%	Not reported	Q2 2025
ABBVAbbVie Inc.	$315K	0.07%	0.00%	+0.2%	Q1 2025
MRKMerck & Co., Inc.	$303K	0.07%	0.00%	Not reported	Q1 2025
DEDeere & Co	$292K	0.06%	0.00%	Not reported	Q1 2025
SHOPShopify Inc.	$263K	0.06%	0.00%	Not reported	Q1 2025
HDHome Depot, Inc.	$214K	0.05%	0.00%	Not reported	Q1 2025
SBUXStarbucks Corp	$206K	0.05%	0.00%	New	Q2 2026
AXPAmerican Express Co	$201K	0.04%	0.00%	Not reported	Q3 2025
Q1 2026Reported Apr 20, 202633 positions
USBUS Bancorp \de\	$11.2M	2.77%	0.01%	0.0%	Q1 2025
DFAXGulf Resources, Inc.	$6.81M	1.69%	Not reported	+1.8%	Q1 2025
AAPLApple Inc.	$5.59M	1.38%	0.00%	-2.6%	Q1 2025
NVDANvidia Corp	$4.72M	1.17%	0.00%	-2.3%	Q1 2025
QQQInvesco QQQ Trust, Series 1	$3.1M	0.77%	Not reported	+0.9%	Q1 2025
MSFTMicrosoft Corp	$2.86M	0.71%	0.00%	-5.0%	Q1 2025
SPYSPDR S&P 500 ETF Trust	$1.51M	0.37%	Not reported	-2.3%	Q1 2025
DIASPDR Dow Jones Industrial Average ETF Trust	$1.32M	0.33%	Not reported	Not reported	Q1 2025
JPMJPMorgan Chase & Co	$1.23M	0.30%	0.00%	-12.8%	Q1 2025
AMZNAmazon Com Inc	$1.18M	0.29%	0.00%	+2.2%	Q1 2025
PAYOPayoneer Global Inc.	$938K	0.23%	0.06%	Not reported	Q1 2025
GOOGLAlphabet Inc.	$873K	0.22%	0.00%	Not reported	Q1 2025
GOOGAlphabet Inc.	$867K	0.21%	Not reported	Not reported	Q1 2025
BRK.ABerkshire Hathaway Inc	$718K	0.18%	Not reported	Not reported	Q1 2025
BRK.BBerkshire Hathaway Inc	$517K	0.13%	Not reported	Not reported	Q1 2025
ISRGIntuitive Surgical Inc	$512K	0.13%	0.00%	Not reported	Q1 2025
CASYCaseys General Stores Inc	$511K	0.13%	0.00%	Not reported	Q1 2025
CATCaterpillar Inc	$414K	0.10%	0.00%	Not reported	Q2 2025
COSTCostco Wholesale Corp	$408K	0.10%	0.00%	-21.0%	Q1 2025
MUMicron Technology Inc	$403K	0.10%	0.00%	Not reported	Q3 2025
RBLXRoblox Corp	$338K	0.08%	0.00%	Not reported	Q2 2025
HPQHP Inc	$325K	0.08%	0.00%	-4.8%	Q1 2025
HPEHewlett Packard Enterprise Co	$302K	0.07%	0.00%	+4.8%	Q1 2025
LLYELI LILLY & Co	$294K	0.07%	0.00%	Not reported	Q1 2025
AAgilent Technologies, Inc.	$293K	0.07%	0.00%	Not reported	Q1 2025
MRKMerck & Co., Inc.	$284K	0.07%	0.00%	Not reported	Q1 2025
SHOPShopify Inc.	$273K	0.07%	0.00%	Not reported	Q1 2025
ABBVAbbVie Inc.	$272K	0.07%	0.00%	Not reported	Q1 2025
TSLATesla, Inc.	$271K	0.07%	0.00%	Not reported	Q2 2025
KEYSKeysight Technologies, Inc.	$262K	0.06%	0.00%	New	Q1 2026
DEDeere & Co	$260K	0.06%	0.00%	Not reported	Q1 2025
LRCXLam Research Corp	$259K	0.06%	0.00%	Not reported	Q4 2025
LRNStride, Inc.	$217K	0.05%	0.01%	New	Q1 2026
Q4 2025Reported Jan 29, 202636 positions
USBUS Bancorp \de\	$11.5M	2.84%	0.01%	-8.9%	Q1 2025
DFAXGulf Resources, Inc.	$6.45M	1.60%	Not reported	+1.1%	Q1 2025
AAPLApple Inc.	$6.15M	1.52%	0.00%	+1.3%	Q1 2025
NVDANvidia Corp	$5.17M	1.28%	0.00%	-2.1%	Q1 2025
MSFTMicrosoft Corp	$3.93M	0.97%	0.00%	+0.4%	Q1 2025
QQQInvesco QQQ Trust, Series 1	$3.27M	0.81%	Not reported	-28.0%	Q1 2025
SPYSPDR S&P 500 ETF Trust	$1.62M	0.40%	Not reported	Not reported	Q1 2025
JPMJPMorgan Chase & Co	$1.54M	0.38%	0.00%	+2.9%	Q1 2025
DIASPDR Dow Jones Industrial Average ETF Trust	$1.37M	0.34%	Not reported	Not reported	Q1 2025
AMZNAmazon Com Inc	$1.28M	0.32%	0.00%	-0.7%	Q1 2025
PAYOPayoneer Global Inc.	$1.09M	0.27%	0.06%	Not reported	Q1 2025
GOOGLAlphabet Inc.	$950K	0.24%	0.00%	-1.3%	Q1 2025
GOOGAlphabet Inc.	$949K	0.23%	Not reported	Not reported	Q1 2025
BRK.ABerkshire Hathaway Inc	$755K	0.19%	Not reported	Not reported	Q1 2025
ISRGIntuitive Surgical Inc	$629K	0.16%	0.00%	Not reported	Q1 2025
BRK.BBerkshire Hathaway Inc	$542K	0.13%	Not reported	Not reported	Q1 2025
RBLXRoblox Corp	$484K	0.12%	0.00%	-15.0%	Q2 2025
COSTCostco Wholesale Corp	$447K	0.11%	0.00%	Not reported	Q1 2025
HPQHP Inc	$396K	0.10%	0.00%	Not reported	Q1 2025
CASYCaseys General Stores Inc	$388K	0.10%	0.00%	Not reported	Q1 2025
SHOPShopify Inc.	$370K	0.09%	0.00%	Not reported	Q1 2025
AAgilent Technologies, Inc.	$350K	0.09%	0.00%	Not reported	Q1 2025
LLYELI LILLY & Co	$344K	0.09%	0.00%	Not reported	Q1 2025
MUMicron Technology Inc	$340K	0.08%	0.00%	-3.9%	Q3 2025
CATCaterpillar Inc	$335K	0.08%	0.00%	Not reported	Q2 2025
TSLATesla, Inc.	$328K	0.08%	0.00%	+20.3%	Q2 2025
HPEHewlett Packard Enterprise Co	$291K	0.07%	0.00%	Not reported	Q1 2025
ABBVAbbVie Inc.	$285K	0.07%	0.00%	Not reported	Q1 2025
AXPAmerican Express Co	$273K	0.07%	0.00%	Not reported	Q3 2025
MRKMerck & Co., Inc.	$248K	0.06%	0.00%	-2.2%	Q1 2025
METAMeta Platforms, Inc.	$232K	0.06%	Not reported	Not reported	Q2 2025
BLKBlackRock, Inc.	$220K	0.05%	0.00%	Not reported	Q3 2025
CMGChipotle Mexican Grill Inc	$216K	0.05%	0.00%	Not reported	Q1 2025
DEDeere & Co	$215K	0.05%	0.00%	Not reported	Q1 2025
HDHome Depot, Inc.	$209K	0.05%	0.00%	-0.3%	Q1 2025
LRCXLam Research Corp	$207K	0.05%	0.00%	New	Q4 2025
Q3 2025Reported Nov 4, 202538 positions
USBUS Bancorp \de\	$11.4M	2.91%	0.02%	-0.5%	Q1 2025
DFAXGulf Resources, Inc.	$6.11M	1.56%	Not reported	+0.6%	Q1 2025
AAPLApple Inc.	$5.68M	1.45%	0.00%	+1.3%	Q1 2025
NVDANvidia Corp	$5.28M	1.35%	0.00%	-1.4%	Q1 2025
QQQInvesco QQQ Trust, Series 1	$4.44M	1.13%	Not reported	Not reported	Q1 2025
MSFTMicrosoft Corp	$4.19M	1.07%	0.00%	+4.2%	Q1 2025
SPYSPDR S&P 500 ETF Trust	$1.58M	0.40%	Not reported	-0.8%	Q1 2025
JPMJPMorgan Chase & Co	$1.47M	0.37%	0.00%	+7.7%	Q1 2025
DIASPDR Dow Jones Industrial Average ETF Trust	$1.32M	0.34%	Not reported	Not reported	Q1 2025
AMZNAmazon Com Inc	$1.23M	0.31%	0.00%	-0.3%	Q1 2025
PAYOPayoneer Global Inc.	$1.18M	0.30%	0.05%	Not reported	Q1 2025
RBLXRoblox Corp	$973K	0.25%	0.00%	0.0%	Q2 2025
BRK.ABerkshire Hathaway Inc	$754K	0.19%	Not reported	Not reported	Q1 2025
GOOGLAlphabet Inc.	$747K	0.19%	0.00%	+7.9%	Q1 2025
GOOGAlphabet Inc.	$736K	0.19%	Not reported	-1.3%	Q1 2025
BRK.BBerkshire Hathaway Inc	$542K	0.14%	Not reported	-3.6%	Q1 2025
ISRGIntuitive Surgical Inc	$497K	0.13%	0.00%	-0.3%	Q1 2025
HPQHP Inc	$484K	0.12%	0.00%	-6.5%	Q1 2025
COSTCostco Wholesale Corp	$480K	0.12%	0.00%	+5.7%	Q1 2025
CASYCaseys General Stores Inc	$397K	0.10%	0.00%	Not reported	Q1 2025
SHOPShopify Inc.	$342K	0.09%	0.00%	Not reported	Q1 2025
AAgilent Technologies, Inc.	$330K	0.08%	0.00%	Not reported	Q1 2025
HPEHewlett Packard Enterprise Co	$297K	0.08%	0.00%	-16.4%	Q1 2025
ABBVAbbVie Inc.	$289K	0.07%	0.00%	Not reported	Q1 2025
CATCaterpillar Inc	$279K	0.07%	0.00%	Not reported	Q2 2025
TSLATesla, Inc.	$270K	0.07%	0.00%	-18.0%	Q2 2025
ORCLOracle Corp	$267K	0.07%	0.00%	Not reported	Q2 2025
METAMeta Platforms, Inc.	$259K	0.07%	Not reported	+12.1%	Q2 2025
HDHome Depot, Inc.	$247K	0.06%	0.00%	-4.4%	Q1 2025
AXPAmerican Express Co	$245K	0.06%	0.00%	New	Q3 2025
LLYELI LILLY & Co	$244K	0.06%	0.00%	Not reported	Q1 2025
BLKBlackRock, Inc.	$240K	0.06%	0.00%	New	Q3 2025
CMGChipotle Mexican Grill Inc	$229K	0.06%	0.00%	Not reported	Q1 2025
KNSLKinsale Capital Group, Inc.	$217K	0.06%	0.00%	Not reported	Q1 2025
DEDeere & Co	$211K	0.05%	0.00%	Not reported	Q1 2025
MUMicron Technology Inc	$208K	0.05%	0.00%	New	Q3 2025
MRKMerck & Co., Inc.	$202K	0.05%	0.00%	Not reported	Q1 2025
AVGOBroadcom Inc.	$202K	0.05%	0.00%	New	Q3 2025

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