Dark
Light
System
Institutional Investment Manager
Aspen Investment Management Inc
Aspen Investment Management Inc (CIK: 0001541596) incorporated in Michigan, located at 4020 E Beltline NE Suite 103, Grand Rapids, MI. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Original 13F HR (0000905729-14-000288) filed in 2014.10.20
#
Name
Shares
Value ($)
%
Options
Notes
51 WAL-MART STORES INC 5,400 413 0.35%
52 EMERSON ELEC CO 6,726 421 0.35%
53 Medtronic Inc 6,880 426 0.36%
54 HALLIBURTON CO 6,732 434 0.36%
55 ISHARES TR 10,733 446 0.37%
56 VISA INC 2,100 448 0.37%
57 WASTE MGMT INC DEL 9,433 448 0.37%
58 BANK AMER CORP 26,758 456 0.38%
59 FIRST TR EXCHANGE-TRADED FD 24,990 471 0.39%
60 CISCO SYS INC 18,823 474 0.40%
61 GOLDMAN SACHS GROUP INC 2,609 479 0.40%
62 WISDOMTREE INVTS INC 42,185 480 0.40%
63 MERCK & CO INC 8,159 484 0.40%
64 AMERICAN EXPRESS CO 5,601 490 0.41%
65 ISHARES TR 13,133 503 0.42%
66 LOCKHEED MARTIN CORP 2,789 510 0.43%
67 METLIFE INC 9,528 512 0.43%
68 COCA COLA CO 12,026 513 0.43%
69 WISDOMTREE TR 11,910 531 0.44%
70 POWERSHARES DB CMDTY IDX TRA 23,652 549 0.46%
71 GILEAD SCIENCES INC 5,165 550 0.46%
72 TYCO INTL LTD. 12,463 555 0.46%
73 DUKE ENERGY CORP NEW 7,476 559 0.47%
74 SCHWAB US DIVIDEND EQUITY ETF 14,782 570 0.48%
75 DISNEY WALT CO 6,400 570 0.48%
76 STRYKER CORP 7,330 592 0.50%
77 BRISTOL MYERS SQUIBB CO 11,876 608 0.51%
78 FOOT LOCKER INC 11,066 616 0.52%
79 APPLE INC 6,190 624 0.52%
80 CONOCOPHILLIPS 8,915 682 0.57%
81 MONDELEZ INTL INC 20,443 700 0.59%
82 AUTOMATIC DATA PROCESSING IN 8,423 700 0.59%
83 HOME DEPOT INC 7,688 705 0.59%
84 WAL-MART STORES INC 9,500 726 0.61%
85 CAPITAL ONE FINL CORP 9,261 756 0.63%
86 ILLINOIS TOOL WKS INC 9,260 782 0.65%
87 YUM BRANDS INC 11,070 797 0.67%
88 PROCTER AND GAMBLE CO 9,734 815 0.68%
89 CSX CORP 25,896 830 0.69%
90 WILLIAMS COS INC DEL 16,095 891 0.75%
91 JPMORGAN CHASE & CO 15,538 936 0.78%
92 WELLS FARGO & CO NEW 18,153 942 0.79%
93 WISDOMTREE TR 12,050 943 0.79%
94 SCHWAB INTERNATIONAL SMALL-CAP EQUITY ETF 31,465 986 0.82%
95 PFIZER INC 33,500 991 0.83%
96 PEPSICO INC 10,656 992 0.83%
97 VERIZON COMMUNICATIONS INC 19,964 998 0.83%
98 ISHARES TR 17,654 1,028 0.86%
99 INTEL CORP 29,764 1,036 0.87%
100 INTERNATIONAL BUSINESS MACHS 5,691 1,080 0.90%
Page 2 of 3