13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q3 2023 · Filed August 1, 2023 · Accession 0001921093-23-000004

Total Value

$145.3M

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	478,670	$25.1M	17.25%
2	Schwab U.S. Small-Cap ETF	808524607	157,914	$6.9M	4.76%
3	Schwab International Equity ETF	808524805	186,637	$6.7M	4.58%
4	UnitedHealth Group Inc.	UNH	13,685	$6.6M	4.53%
5	Microsoft Corp	MSFT	15,228	$5.2M	3.57%
6	JP Morgan Chase & Co.	VYLD	28,303	$4.1M	2.83%
7	Apple Inc.	AAPL	18,628	$3.6M	2.49%
8	Pepsico Inc.	PEP	16,531	$3.1M	2.11%
9	Schwab U.S. Large-Cap Growth ETF	808524300	30,167	$2.3M	1.56%
10	Home Depot	HD	7,177	$2.2M	1.53%
11	Pfizer Inc.	PFE	49,894	$1.8M	1.26%
12	iShares Russell 2000 Index	464287655	9,638	$1.8M	1.24%
13	Chevron Corporation	CVX	11,292	$1.8M	1.22%
14	Schwab U.S. Mid-Cap ETF	808524508	24,498	$1.7M	1.20%
15	Intel Corp	INTC	51,662	$1.7M	1.19%
16	AbbVie Inc.	ABBV	11,453	$1.5M	1.06%
17	Johnson & Johnson	JNJ	9,172	$1.5M	1.04%
18	IShares MSCI EAFE Index	464287465	20,892	$1.5M	1.04%
19	Aflac Inc	AFL	20,384	$1.4M	0.98%
20	Kimberly-Clark Corp	KMB	9,997	$1.4M	0.95%
21	McDonalds Corp	MCD	4,589	$1.4M	0.94%
22	HP Inc.	HPQ	43,496	$1.3M	0.92%
23	Raytheon Technologies Corp.	RTX	13,628	$1.3M	0.92%
24	Exxon Mobil Corporation	XOM	12,170	$1.3M	0.90%
25	Procter & Gamble Co.	742718109	8,588	$1.3M	0.90%
26	Northrop Grumman Corp	NOC	2,690	$1.2M	0.84%
27	Abbott Laboratories	ABLZF	10,978	$1.2M	0.82%
28	Vanguard Energy Sector ETF	92204A306	10,504	$1.2M	0.82%
29	Berkshire Hathaway Cl. B	BRK-A	3,320	$1.1M	0.78%
30	iShares S&P 500 Index	464287200	2,434	$1.1M	0.75%
31	Archer-Daniels-Midland Co	ADM	13,857	$1.0M	0.72%
32	General Electric Company	GE	9,223	$1.0M	0.70%
33	International Business Machines	INTR	7,527	$1.0M	0.69%
34	Merck & Company Inc	MRK	8,564	$988,255	0.68%
35	Verizon Communications	VZ	26,177	$973,523	0.67%
36	Bristol-Myers Squibb Co	CELG-RI	15,114	$966,540	0.67%
37	Norfolk Southern Corp	655844108	4,130	$936,519	0.64%
38	Schwab Emerging Markets Equity ETF	808524706	36,358	$895,498	0.62%
39	Bank of America Corp	06605F102	30,645	$879,213	0.61%
40	Illinois Tool Works	452308109	3,488	$872,558	0.60%
41	Amgen Incorporated	AMGN	3,899	$865,653	0.60%
42	Schwab U.S. Large-Cap Value ETF	808524409	12,800	$858,752	0.59%
43	Cisco Systems Inc.	CSCO	16,156	$835,911	0.58%
44	Texas Instruments, Inc.	882508104	4,397	$791,548	0.54%
45	Technology Select Sector SPDR ETF	81369Y803	4,510	$784,109	0.54%
46	Honeywell International Inc.	438516106	3,743	$776,673	0.53%
47	Boeing Co	BA-PA	3,644	$769,456	0.53%
48	Hewlett Packard Enterprises	HPE-PC	44,437	$746,542	0.51%
49	Lilly (Eli) & C.	LLY	1,543	$723,636	0.50%
50	Reliance Steel & &Aluminum Co.	RS	2,640	$716,998	0.49%
51	QUALCOMM Inc.	QCOM	5,830	$694,024	0.48%
52	AT&T Inc.	T-PC	42,660	$680,427	0.47%
53	Vanguard Growth ETF	922908736	2,394	$677,383	0.47%
54	Vanguard Large Cap ETF	922908637	3,240	$656,813	0.45%
55	Wal-Mart Stores Inc	WMT	3,967	$623,570	0.43%
56	Equifax Inc.	EFX	2,633	$619,545	0.43%
57	McKesson Corporation	MCK	1,449	$619,172	0.43%
58	Invesco QQQ Trust	IVZ	1,634	$603,803	0.42%
59	L3Harris Technologies Inc.	LHX	3,068	$600,622	0.41%
60	Marathon Petroleum Corp.	MARA	5,066	$590,696	0.41%
61	Constellation Brands Cl. A	STZ	2,362	$581,359	0.40%
62	Consumer Discretionery SPDR ETF	81369Y407	3,350	$568,864	0.39%
63	Caterpillar Inc	CAT	2,308	$567,883	0.39%
64	Deere & Co.	DE	1,382	$559,973	0.39%
65	ConocoPhillips	COP	5,348	$554,106	0.38%
66	Alphabet Inc. Cl. A	GOOG	4,306	$515,428	0.35%
67	Disney (Walt) Co	254687106	5,739	$512,377	0.35%
68	iShares Core S&P Mid-Cap ETF	464287507	1,931	$504,823	0.35%
69	American Express Company	AXP	2,785	$485,147	0.33%
70	Medtronic Inc	MDT	5,488	$483,493	0.33%
71	Goldman Sachs	GSCE	1,486	$479,294	0.33%
72	Vanguard Small-Cap Growth ETF	922908595	2,055	$472,116	0.32%
73	CVS Health Corp.	CVS	6,543	$452,318	0.31%
74	SPDR S&P 500 ETF	SPY	1,006	$445,823	0.31%
75	Broadcom Inc.	AVGO	509	$441,522	0.30%
76	Charles Schwab Corp.	SCHW-PJ	7,708	$436,889	0.30%
77	Wells Fargo	949746101	10,204	$435,507	0.30%
78	Vanguard Health Care Sector ETF	92204A504	1,738	$425,497	0.29%
79	Comcast Corporation Class A	CCZ	10,194	$423,561	0.29%
80	Analog Devices	ADI	2,173	$423,322	0.29%
81	Viatris Inc.	VTRS	42,321	$422,364	0.29%
82	Automatic Data Processing	ADP	1,894	$416,282	0.29%
83	iShares MSCI EAFE Growth Index	464288885	4,337	$413,793	0.28%
84	iShares Russell 2000 Growth Index	464287648	1,694	$411,066	0.28%
85	iShares MSCI EAFE Small Cap Index	464288273	6,965	$410,796	0.28%
86	Applied Materials	038222105	2,803	$405,165	0.28%
87	Vanguard Mid-Cap ETF	922908629	1,839	$404,815	0.28%
88	NextEra Energy	NEE-PW	5,313	$394,225	0.27%
89	Occidental Petroleum	674599105	6,634	$390,079	0.27%
90	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$389,629	0.27%
91	Kellogg Company	BEKE	5,627	$379,260	0.26%
92	TJX Companies	872540109	4,454	$377,655	0.26%
93	Liberty Formula One Group	FWONB	5,465	$369,543	0.25%
94	iShares Dow Jones U.S. Healthcare Sector Index	464287762	1,310	$367,003	0.25%
95	Stryker Corp.	SYK	1,195	$364,583	0.25%
96	Motorola Solutions Inc.	MSI	1,229	$360,441	0.25%
97	Air Products & Chemicals	AIIR	1,202	$360,035	0.25%
98	Avery Dennison Corp	AVY	2,027	$348,239	0.24%
99	Kemper Corporation	KMPB	7,010	$338,303	0.23%
100	Carrier Global Corp.	CARR	6,718	$333,952	0.23%
101	Phillips 66	PSX	3,477	$331,636	0.23%
102	Vanguard Small Cap Value ETF	922908611	1,998	$330,550	0.23%
103	White Mountain Insurance Group Ltd.	G9618E107	234	$325,005	0.22%
104	Travelers Companies	TRV	1,866	$324,050	0.22%
105	Oracle Corporation	ORCL-PD	2,673	$318,328	0.22%
106	Agilent Technologies	A	2,646	$318,182	0.22%
107	Keysight Technologies	KEYS	1,812	$303,419	0.21%
108	Dow Inc.	DOW	5,678	$302,410	0.21%
109	International Flavors and Fragrances	459506101	3,677	$292,652	0.20%
110	Amphenol Corp	032095101	3,400	$288,830	0.20%
111	Accenture Ltd.	ACN	935	$288,522	0.20%
112	Weyerhaeuser Corp.	WY	8,525	$285,673	0.20%
113	Eaton Corp.	ETN	1,368	$275,105	0.19%
114	Union Pacific Corp.	UNP	1,342	$274,600	0.19%
115	Coca-Cola Company	KO	4,527	$272,589	0.19%
116	Alphabet Inc. Cl. C	GOOG	2,233	$270,126	0.19%
117	Lowes Co Inc	548661107	1,188	$268,236	0.18%
118	Global Payments Inc.	37940X102	2,702	$266,201	0.18%
119	Vanguard FTSE Developed Markets ETF	921943858	5,700	$263,226	0.18%
120	Southern Company	SOMN	3,663	$257,326	0.18%
121	Hexcel Corp.	428291108	3,331	$253,223	0.17%
122	Cardinal Health Inc.	CAH	2,671	$252,596	0.17%
123	Walgreens Boots Alliance, Inc.	931427108	8,786	$250,313	0.17%
124	Centerpoint Energy	CNP	8,577	$250,020	0.17%
125	iShares MSCI Emerging Markets ex-China	46434G764	4,807	$249,868	0.17%
126	GE Healthcare Technologies Inc.	GEHC	3,018	$245,182	0.17%
127	Dominion Energy Inc.	D	4,473	$231,657	0.16%
128	DuPont de Nemours Inc.	DD	3,225	$230,394	0.16%
129	Sysco Corp.	SYY	3,086	$228,981	0.16%
130	Goodyear Tire & Rubber Co	382550101	16,428	$224,735	0.15%
131	PG&E Corp	PCG-PX	12,839	$221,858	0.15%
132	Allstate Corporation	ALL-PJ	2,016	$219,825	0.15%
133	Vanguard Industrial Sector ETF	92204A603	1,045	$214,779	0.15%
134	Corteva Inc.	CTVA	3,737	$214,130	0.15%
135	Vanguard FTSE All-World Ex-US Small Cap ETF	922042718	1,900	$209,912	0.14%
136	NVIDIA Corp.	NVDA	482	$204,040	0.14%
137	Hanes Brands	410345102	19,394	$88,049	0.06%