13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q1 2023 · Filed February 24, 2023 · Accession 0001921093-23-000001

Total Value

$136.3M

Positions

136

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (136)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Schwab U.S. Large-Cap ETF	808524201	478,805	$21.6M	15.86%
2	UnitedHealth Group Inc.	UNH	13,763	$7.3M	5.35%
3	Schwab U.S. Small-Cap ETF	808524607	155,262	$6.3M	4.61%
4	Schwab International Equity ETF	808524805	186,960	$6.0M	4.42%
5	Microsoft Corp	MSFT	16,083	$3.9M	2.83%
6	JP Morgan Chase & Co.	VYLD	28,247	$3.8M	2.78%
7	Pepsico Inc.	PEP	16,768	$3.0M	2.22%
8	Apple Inc.	AAPL	19,428	$2.5M	1.85%
9	Pfizer Inc.	PFE	49,167	$2.5M	1.85%
10	Home Depot	HD	7,117	$2.2M	1.65%
11	Chevron Corporation	CVX	11,365	$2.0M	1.50%
12	AbbVie Inc.	ABBV	11,484	$1.9M	1.36%
13	iShares Russell 2000 Index	464287655	9,638	$1.7M	1.23%
14	Johnson & Johnson	JNJ	9,183	$1.6M	1.19%
15	Schwab U.S. Large-Cap Growth ETF	808524300	28,666	$1.6M	1.17%
16	Aflac Inc	AFL	20,860	$1.5M	1.10%
17	Schwab U.S. Mid-Cap ETF	808524508	22,781	$1.5M	1.10%
18	Procter & Gamble Co.	742718109	9,803	$1.5M	1.09%
19	Northrop Grumman Corp	NOC	2,690	$1.5M	1.08%
20	Exxon Mobil Corporation	XOM	12,494	$1.4M	1.01%
21	IShares MSCI EAFE Index	464287465	20,899	$1.4M	1.01%
22	Kimberly-Clark Corp	KMB	10,102	$1.4M	1.01%
23	Raytheon Technologies Corp.	RTX	13,447	$1.4M	1.00%
24	Intel Corp	INTC	50,983	$1.3M	0.99%
25	Vanguard Energy Sector ETF	92204A306	10,517	$1.3M	0.94%
26	Archer-Daniels-Midland Co	ADM	13,416	$1.2M	0.91%
27	McDonalds Corp	MCD	4,714	$1.2M	0.91%
28	Abbott Laboratories	ABLZF	11,066	$1.2M	0.89%
29	Bristol-Myers Squibb Co	CELG-RI	16,764	$1.2M	0.88%
30	HP Inc.	HPQ	43,914	$1.2M	0.87%
31	International Business Machines	INTR	7,493	$1.1M	0.77%
32	Berkshire Hathaway Cl. B	BRK-A	3,406	$1.1M	0.77%
33	Norfolk Southern Corp	655844108	4,179	$1.0M	0.76%
34	Bank of America Corp	06605F102	30,606	$1.0M	0.74%
35	Amgen Incorporated	AMGN	3,682	$967,037	0.71%
36	Merck & Company Inc	MRK	8,712	$966,649	0.71%
37	iShares S&P 500 Index	464287200	2,434	$935,167	0.69%
38	Verizon Communications	VZ	22,988	$905,727	0.66%
39	Schwab Emerging Markets Equity ETF	808524706	36,481	$863,505	0.63%
40	Schwab U.S. Large-Cap Value ETF	808524409	12,282	$810,858	0.59%
41	Honeywell International Inc.	438516106	3,743	$802,125	0.59%
42	Illinois Tool Works	452308109	3,596	$792,199	0.58%
43	General Electric Company	GE	8,896	$745,396	0.55%
44	Cisco Systems Inc.	CSCO	15,366	$732,036	0.54%
45	Texas Instruments, Inc.	882508104	4,397	$726,472	0.53%
46	Hewlett Packard Enterprises	HPE-PC	45,131	$720,291	0.53%
47	AT&T Inc.	T-PC	38,002	$699,617	0.51%
48	Boeing Co	BA-PA	3,662	$697,564	0.51%
49	ConocoPhillips	COP	5,415	$638,970	0.47%
50	L3Harris Technologies Inc.	LHX	3,068	$638,788	0.47%
51	Charles Schwab Corp.	SCHW-PJ	7,458	$620,953	0.46%
52	Marathon Petroleum Corp.	MARA	5,322	$619,428	0.45%
53	CVS Health Corp.	CVS	6,553	$610,674	0.45%
54	QUALCOMM Inc.	QCOM	5,526	$607,548	0.45%
55	Lilly (Eli) & C.	LLY	1,563	$571,808	0.42%
56	Wal-Mart Stores Inc	WMT	3,967	$562,514	0.41%
57	Technology Select Sector SPDR ETF	81369Y803	4,510	$561,224	0.41%
58	Reliance Steel & &Aluminum Co.	RS	2,771	$560,961	0.41%
59	Caterpillar Inc	CAT	2,339	$560,331	0.41%
60	McKesson Corporation	MCK	1,461	$548,050	0.40%
61	Constellation Brands Cl. A	STZ	2,362	$547,394	0.40%
62	Deere & Co.	DE	1,256	$538,523	0.40%
63	Goldman Sachs	GSCE	1,492	$512,323	0.38%
64	Equifax Inc.	EFX	2,633	$511,750	0.38%
65	Vanguard Large Cap ETF	922908637	2,740	$477,308	0.35%
66	Disney (Walt) Co	254687106	5,464	$474,712	0.35%
67	Viatris Inc.	VTRS	42,510	$473,136	0.35%
68	iShares Core S&P Mid-Cap ETF	464287507	1,931	$467,002	0.34%
69	Vanguard Growth ETF	922908736	2,134	$454,760	0.33%
70	Automatic Data Processing	ADP	1,894	$452,401	0.33%
71	NextEra Energy	NEE-PW	5,313	$444,167	0.33%
72	Invesco QQQ Trust	IVZ	1,634	$435,225	0.32%
73	Consumer Discretionery SPDR ETF	81369Y407	3,350	$432,686	0.32%
74	Vanguard Health Care Sector ETF	92204A504	1,740	$431,607	0.32%
75	American Express Company	AXP	2,918	$431,135	0.32%
76	Wells Fargo	949746101	10,267	$423,924	0.31%
77	Occidental Petroleum	674599105	6,680	$420,773	0.31%
78	Medtronic Inc	MDT	5,340	$415,025	0.30%
79	Vanguard Small-Cap Growth ETF	922908595	2,055	$412,110	0.30%
80	TJX Companies	872540109	5,174	$411,850	0.30%
81	Kellogg Company	BEKE	5,751	$409,701	0.30%
82	iShares MSCI EAFE Small Cap Index	464288273	6,965	$393,383	0.29%
83	Agilent Technologies	A	2,601	$389,240	0.29%
84	SPDR S&P 500 ETF	SPY	1,006	$384,624	0.28%
85	Air Products & Chemicals	AIIR	1,227	$378,235	0.28%
86	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$375,442	0.28%
87	Vanguard Mid-Cap ETF	922908629	1,839	$374,752	0.27%
88	Avery Dennison Corp	AVY	2,062	$373,222	0.27%
89	iShares Dow Jones U.S. Healthcare Sector Index	464287762	1,310	$371,531	0.27%
90	Vanguard Communication Services ETF	92204A884	4,508	$370,783	0.27%
91	Phillips 66	PSX	3,509	$365,217	0.27%
92	Stryker Corp.	SYK	1,490	$364,290	0.27%
93	iShares Russell 2000 Growth Index	464287648	1,694	$363,397	0.27%
94	iShares MSCI EAFE Growth Index	464288885	4,337	$363,267	0.27%
95	Travelers Companies	TRV	1,868	$350,231	0.26%
96	Analog Devices	ADI	2,133	$349,876	0.26%
97	Kemper Corporation	KMPB	7,010	$344,892	0.25%
98	Comcast Corporation Class A	CCZ	9,825	$343,580	0.25%
99	Alphabet Inc. Cl. A	GOOG	3,798	$335,098	0.25%
100	White Mountain Insurance Group Ltd.	G9618E107	234	$330,953	0.24%
101	Walgreens Boots Alliance, Inc.	931427108	8,696	$324,883	0.24%
102	Accenture Ltd.	ACN	1,215	$324,211	0.24%
103	Vanguard Small Cap Value ETF	922908611	1,998	$317,360	0.23%
104	Motorola Solutions Inc.	MSI	1,229	$316,726	0.23%
105	Liberty Formula One Group	FWONB	5,865	$313,367	0.23%
106	Keysight Technologies	KEYS	1,812	$309,979	0.23%
107	International Flavors and Fragrances	459506101	2,956	$309,907	0.23%
108	Coca-Cola Company	KO	4,810	$305,936	0.22%
109	Union Pacific Corp.	UNP	1,372	$284,100	0.21%
110	Dow Inc.	DOW	5,575	$280,924	0.21%
111	Allstate Corporation	ALL-PJ	2,066	$280,150	0.21%
112	Carrier Global Corp.	CARR	6,718	$277,118	0.20%
113	Broadcom Inc.	AVGO	494	$276,210	0.20%
114	Applied Materials	038222105	2,823	$274,917	0.20%
115	Global Payments Inc.	37940X102	2,702	$268,363	0.20%
116	Weyerhaeuser Corp.	WY	8,600	$266,600	0.20%
117	Dominion Energy Inc.	D	4,322	$265,025	0.19%
118	Southern Company	SOMN	3,663	$261,575	0.19%
119	Centerpoint Energy	CNP	8,702	$260,973	0.19%
120	Amphenol Corp	032095101	3,400	$258,876	0.19%
121	Vanguard FTSE Developed Markets ETF	921943858	5,700	$239,229	0.18%
122	Hexcel Corp.	428291108	4,035	$237,460	0.17%
123	Lowes Co Inc	548661107	1,188	$236,789	0.17%
124	iShares MSCI Emerging Markets ex-China	46434G764	4,807	$228,188	0.17%
125	General Dynamics Corp.	GD	902	$223,795	0.16%
126	Sysco Corp.	SYY	2,915	$222,852	0.16%
127	DuPont de Nemours Inc.	DD	3,234	$221,949	0.16%
128	Oracle Corporation	ORCL-PD	2,694	$220,208	0.16%
129	Corteva Inc.	CTVA	3,742	$219,955	0.16%
130	Eaton Corp.	ETN	1,368	$214,708	0.16%
131	Vanguard Industrial Sector ETF	92204A603	1,147	$209,488	0.15%
132	PG&E Corp	PCG-PX	12,839	$208,762	0.15%
133	Valero Energy Corp.	VLO	1,633	$207,162	0.15%
134	Cardinal Health Inc.	CAH	2,671	$205,320	0.15%
135	Goodyear Tire & Rubber Co	382550101	11,536	$117,090	0.09%
136	Hanes Brands	410345102	13,946	$88,697	0.07%