Aspen Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
Boise, ID
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
80
Total value ($000)
$403,791
Net value change ($000)
+11,479 (2.9%)
New positions
2
Sold out positions
3
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: 4/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DFIC 5,773 8.0%
DFAC 4,382 8.8%
DFCF 2,414 8.2%
DFEM 1,122 6.9%
DFSV 793 9.6%
DFGR 634 4.6%
DFAW 561 48.3%
DCOR 486 6.7%
AAPL 466 8.2%
DFSI 433 12.4%
Top Reduces (Value $000, Stocks/ETFs)
SGOV -5,353 -7.8%
QQQ -1,166 -26.3%
RBLX -489 -50.3%
ORCL -267 -100.0%
MSFT -262 -6.2%
AVDE -217 -6.6%
KNSL -217 -100.0%
AVGO -202 -100.0%
DFSB -115 -21.9%
NVDA -110 -2.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type