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Livermore
Livermore
ZHEN

Aspen Capital Management, LLC

SEC CIK
0002065974
Latest filing
Aug 4, 2026

The latest 13F from Aspen Capital Management, LLC covers Q2 2026 (filed Aug 4, 2026): 83 long positions worth $453.0M. The top 10 holdings make up 73.8% of the portfolio, and the largest is Dimensional ETF Trust at 19.6%. Livermore has 6 filings on Form 13F from this institution, going back to Q1 2025.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$5.98M
Added
39
Est. +$27.5M
Reduced
12
Est. −$20.7M
Sold out
3
Est. −$747.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V799
    19.6%$88.7M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    15.4%$70.0M
  3. Dimensional ETF Trust25434V872
    7.7%$34.8M
  4. iShares Tr46436E718
    7.6%$34.4M
  5. Dimensional ETF Trust25434V732
    5.0%$22.7M

Share of portfolio

Top 5 holdings and the other 78 positions, by share of portfolio value

  1. Dimensional ETF Trust19.6%
  2. Dimensional U.S. Core Equity 2 ETF15.4%
  3. Dimensional ETF Trust7.7%
  4. iShares Tr7.6%
  5. Dimensional ETF Trust5.0%
  6. Other 78 positions44.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional Ultrashort Fixed Income ETF25434V591
    +$15.4MAdded
  2. TXNTexas Instruments Inc
    +$4.06MNewHistory
  3. Dimensional ETF Trust25434V799
    +$3.91MAdded
  4. Dimensional U.S. Core Equity 2 ETF25434V708
    +$3.74MAdded
  5. Dimensional ETF Trust25434V732
    +$948.4KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Dimensional Ultrashort Fixed Income ETF25434V591
    +3.34 pp0.6% → 3.9%
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    +1.08 pp14.4% → 15.4%
  3. TXNTexas Instruments Inc
    +0.90 pp0.0% → 0.9%History
  4. Dimensional ETF Trust25434V732
    +0.43 pp4.6% → 5.0%
  5. Dimensional ETF Trust25434V625
    +0.22 pp2.1% → 2.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$19.3MReduced
  2. MUMicron Technology Inc
    −$545.9KReducedHistory
  3. HPQHP Inc
    −$324.6KSold outHistory
  4. LRNStride, Inc.
    −$217.0KSold outHistory
  5. Dimensional U.S. Targeted Value ETF25434V609
    −$206.1KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr46436E718
    −5.70 pp13.3% → 7.6%
  2. HPQHP Inc
    −0.08 pp0.1% → 0.0%History
  3. LRNStride, Inc.
    −0.05 pp0.1% → 0.0%History
  4. American Centy ETF Tr025072703
    −0.05 pp0.8% → 0.7%
  5. Dimensional U.S. Targeted Value ETF25434V609
    −0.05 pp4.3% → 4.2%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$453.0M
+$49.0M (+12.1%) vs. prior quarter
Positions
83
+6 vs. prior quarter
Top 10 concentration
73.8%
Top 10 as share of value
Turnover
5.0%
Q2 2026, one quarter
Average holding period
5.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2025), so positions held before then are understated.

13F filings by quarter

6 quarters, going back to Q1 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $453.0M (Q2 2026)

Q1 2025: $312.7MQ2 2025: $356.8MQ3 2025: $392.3MQ4 2025: $403.8MQ1 2026: $404.0MQ2 2026: $453.0M
Q1 2025Q2 2026
13F filings of Aspen Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 202683$453.0MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2026SEC
Q1 2026Apr 20, 202677$404.0MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q4 2025SEC
Q4 2025Jan 29, 202680$403.8MDimensional ETF TrustiShares TrDimensional U.S. Core Equity 2 ETFvs. Q3 2025SEC
Q3 2025Nov 4, 202581$392.3MDimensional ETF TrustiShares TrDimensional U.S. Core Equity 2 ETFvs. Q2 2025SEC
Q2 2025Jul 31, 202572$356.8MDimensional ETF TrustiShares TrDimensional U.S. Core Equity 2 ETFvs. Q1 2025SEC
Q1 2025May 5, 202566$312.7MDimensional ETF TrustiShares TrDimensional U.S. Core Equity 2 ETF–SEC