13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q2 2023 · Filed May 10, 2023 · Accession 0001921093-23-000003

Total Value

$139.0M

Positions

137

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (137)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Schwab U.S. Large-Cap ETF	808524201	476,738	$23.1M	16.59%
2	Schwab U.S. Small-Cap ETF	808524607	156,503	$6.6M	4.72%
3	UnitedHealth Group Inc.	UNH	13,753	$6.5M	4.67%
4	Schwab International Equity ETF	808524805	186,749	$6.5M	4.67%
5	Microsoft Corp	MSFT	16,051	$4.6M	3.33%
6	JP Morgan Chase & Co.	VYLD	28,401	$3.7M	2.66%
7	Apple Inc.	AAPL	19,207	$3.2M	2.28%
8	Pepsico Inc.	PEP	16,758	$3.1M	2.20%
9	Home Depot	HD	7,117	$2.1M	1.51%
10	Pfizer Inc.	PFE	49,386	$2.0M	1.45%
11	Schwab U.S. Large-Cap Growth ETF	808524300	29,026	$1.9M	1.36%
12	Chevron Corporation	CVX	11,315	$1.8M	1.33%
13	AbbVie Inc.	ABBV	11,484	$1.8M	1.32%
14	iShares Russell 2000 Index	464287655	9,638	$1.7M	1.24%
15	Intel Corp	INTC	51,753	$1.7M	1.22%
16	Schwab U.S. Mid-Cap ETF	808524508	22,975	$1.6M	1.12%
17	IShares MSCI EAFE Index	464287465	20,892	$1.5M	1.07%
18	Procter & Gamble Co.	742718109	9,800	$1.5M	1.05%
19	Johnson & Johnson	JNJ	9,222	$1.4M	1.03%
20	Kimberly-Clark Corp	KMB	10,102	$1.4M	0.98%
21	Exxon Mobil Corporation	XOM	12,212	$1.3M	0.96%
22	Raytheon Technologies Corp.	RTX	13,447	$1.3M	0.95%
23	Aflac Inc	AFL	20,391	$1.3M	0.95%
24	McDonalds Corp	MCD	4,639	$1.3M	0.93%
25	HP Inc.	HPQ	43,838	$1.3M	0.93%
26	Northrop Grumman Corp	NOC	2,690	$1.2M	0.89%
27	Vanguard Energy Sector ETF	92204A306	10,504	$1.2M	0.86%
28	Bristol-Myers Squibb Co	CELG-RI	16,764	$1.2M	0.84%
29	Abbott Laboratories	ABLZF	10,998	$1.1M	0.80%
30	Archer-Daniels-Midland Co	ADM	13,736	$1.1M	0.79%
31	Berkshire Hathaway Cl. B	BRK-A	3,365	$1.0M	0.75%
32	Verizon Communications	VZ	26,302	$1.0M	0.74%
33	iShares S&P 500 Index	464287200	2,434	$1.0M	0.72%
34	International Business Machines	INTR	7,482	$980,815	0.71%
35	Merck & Company Inc	MRK	8,707	$926,388	0.67%
36	Schwab Emerging Markets Equity ETF	808524706	36,481	$894,514	0.64%
37	Amgen Incorporated	AMGN	3,684	$890,603	0.64%
38	General Electric Company	GE	9,278	$886,977	0.64%
39	Norfolk Southern Corp	655844108	4,179	$885,948	0.64%
40	Bank of America Corp	06605F102	30,645	$876,455	0.63%
41	Illinois Tool Works	452308109	3,499	$851,832	0.61%
42	AT&T Inc.	T-PC	42,880	$825,440	0.59%
43	Cisco Systems Inc.	CSCO	15,653	$818,261	0.59%
44	Texas Instruments, Inc.	882508104	4,397	$817,886	0.59%
45	Boeing Co	BA-PA	3,653	$775,995	0.56%
46	QUALCOMM Inc.	QCOM	5,850	$746,366	0.54%
47	Hewlett Packard Enterprises	HPE-PC	45,085	$718,204	0.52%
48	Honeywell International Inc.	438516106	3,743	$715,362	0.51%
49	Schwab U.S. Large-Cap Value ETF	808524409	10,800	$708,264	0.51%
50	Marathon Petroleum Corp.	MARA	5,066	$683,049	0.49%
51	Technology Select Sector SPDR ETF	81369Y803	4,510	$681,055	0.49%
52	Reliance Steel & &Aluminum Co.	RS	2,640	$677,794	0.49%
53	L3Harris Technologies Inc.	LHX	3,068	$602,064	0.43%
54	Wal-Mart Stores Inc	WMT	3,967	$584,969	0.42%
55	Disney (Walt) Co	254687106	5,739	$574,645	0.41%
56	ConocoPhillips	COP	5,411	$536,825	0.39%
57	Lilly (Eli) & C.	LLY	1,563	$536,765	0.39%
58	Equifax Inc.	EFX	2,633	$534,078	0.38%
59	Caterpillar Inc	CAT	2,333	$533,884	0.38%
60	Constellation Brands Cl. A	STZ	2,362	$533,552	0.38%
61	Vanguard Growth ETF	922908736	2,134	$532,285	0.38%
62	Invesco QQQ Trust	IVZ	1,634	$524,548	0.38%
63	McKesson Corporation	MCK	1,453	$517,341	0.37%
64	Deere & Co.	DE	1,253	$517,339	0.37%
65	Vanguard Large Cap ETF	922908637	2,740	$511,859	0.37%
66	Consumer Discretionery SPDR ETF	81369Y407	3,350	$500,959	0.36%
67	Goldman Sachs	GSCE	1,492	$488,048	0.35%
68	CVS Health Corp.	CVS	6,543	$486,210	0.35%
69	iShares Core S&P Mid-Cap ETF	464287507	1,931	$482,968	0.35%
70	American Express Company	AXP	2,815	$464,334	0.33%
71	Vanguard Small-Cap Growth ETF	922908595	2,055	$444,723	0.32%
72	Medtronic Inc	MDT	5,488	$442,443	0.32%
73	Automatic Data Processing	ADP	1,894	$421,661	0.30%
74	Analog Devices	ADI	2,133	$420,670	0.30%
75	Occidental Petroleum	674599105	6,648	$415,035	0.30%
76	iShares MSCI EAFE Small Cap Index	464288273	6,965	$414,487	0.30%
77	Vanguard Health Care Sector ETF	92204A504	1,738	$414,443	0.30%
78	SPDR S&P 500 ETF	SPY	1,006	$411,739	0.30%
79	Viatris Inc.	VTRS	42,678	$410,562	0.30%
80	NextEra Energy	NEE-PW	5,313	$409,526	0.29%
81	iShares MSCI EAFE Growth Index	464288885	4,337	$406,290	0.29%
82	Alphabet Inc. Cl. A	GOOG	3,906	$405,169	0.29%
83	Stryker Corp.	SYK	1,390	$396,803	0.29%
84	TJX Companies	872540109	5,054	$396,031	0.28%
85	Charles Schwab Corp.	SCHW-PJ	7,458	$390,650	0.28%
86	Vanguard Mid-Cap ETF	922908629	1,839	$387,825	0.28%
87	Kellogg Company	BEKE	5,751	$385,087	0.28%
88	iShares Russell 2000 Growth Index	464287648	1,694	$384,233	0.28%
89	Wells Fargo	949746101	10,267	$383,780	0.28%
90	Kemper Corporation	KMPB	7,010	$383,167	0.28%
91	Comcast Corporation Class A	CCZ	10,005	$379,290	0.27%
92	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$376,904	0.27%
93	Liberty Formula One Group	FWONB	5,491	$370,643	0.27%
94	Avery Dennison Corp	AVY	2,027	$362,691	0.26%
95	Agilent Technologies	A	2,601	$359,822	0.26%
96	iShares Dow Jones U.S. Healthcare Sector Index	464287762	1,310	$357,584	0.26%
97	Phillips 66	PSX	3,509	$355,742	0.26%
98	Applied Materials	038222105	2,863	$351,679	0.25%
99	Motorola Solutions Inc.	MSI	1,229	$351,654	0.25%
100	Accenture Ltd.	ACN	1,215	$347,259	0.25%
101	Air Products & Chemicals	AIIR	1,202	$345,226	0.25%
102	Broadcom Inc.	AVGO	528	$338,733	0.24%
103	White Mountain Insurance Group Ltd.	G9618E107	234	$322,333	0.23%
104	Travelers Companies	TRV	1,868	$320,194	0.23%
105	Vanguard Small Cap Value ETF	922908611	1,998	$317,280	0.23%
106	Dow Inc.	DOW	5,683	$311,542	0.22%
107	Carrier Global Corp.	CARR	6,718	$307,349	0.22%
108	Walgreens Boots Alliance, Inc.	931427108	8,786	$303,820	0.22%
109	Keysight Technologies	KEYS	1,812	$292,602	0.21%
110	Global Payments Inc.	37940X102	2,702	$284,358	0.20%
111	International Flavors and Fragrances	459506101	3,077	$282,961	0.20%
112	Coca-Cola Company	KO	4,560	$282,829	0.20%
113	Amphenol Corp	032095101	3,400	$277,848	0.20%
114	Union Pacific Corp.	UNP	1,342	$270,091	0.19%
115	Oracle Corporation	ORCL-PD	2,848	$264,636	0.19%
116	Vanguard FTSE Developed Markets ETF	921943858	5,700	$257,469	0.19%
117	Weyerhaeuser Corp.	WY	8,525	$256,858	0.18%
118	Centerpoint Energy	CNP	8,702	$256,361	0.18%
119	Southern Company	SOMN	3,663	$254,872	0.18%
120	Dominion Energy Inc.	D	4,513	$252,322	0.18%
121	Hexcel Corp.	428291108	3,667	$250,273	0.18%
122	GE Healthcare Technologies Inc.	GEHC	3,032	$248,715	0.18%
123	Lowes Co Inc	548661107	1,188	$237,657	0.17%
124	iShares MSCI Emerging Markets ex-China	46434G764	4,807	$237,129	0.17%
125	Eaton Corp.	ETN	1,368	$234,393	0.17%
126	Alphabet Inc. Cl. C	GOOG	2,233	$232,232	0.17%
127	Sysco Corp.	SYY	3,005	$232,076	0.17%
128	DuPont de Nemours Inc.	DD	3,228	$231,674	0.17%
129	Valero Energy Corp.	VLO	1,627	$227,129	0.16%
130	Corteva Inc.	CTVA	3,742	$225,680	0.16%
131	Allstate Corporation	ALL-PJ	2,016	$223,393	0.16%
132	PG&E Corp	PCG-PX	12,839	$207,607	0.15%
133	Vanguard FTSE All-World Ex-US Small Cap ETF	922042718	1,900	$207,556	0.15%
134	General Dynamics Corp.	GD	902	$205,845	0.15%
135	Cardinal Health Inc.	CAH	2,671	$201,661	0.15%
136	Goodyear Tire & Rubber Co	382550101	16,678	$183,792	0.13%
137	Hanes Brands	410345102	19,394	$102,012	0.07%