13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q4 2023 · Filed November 17, 2023 · Accession 0001921093-23-000005

Total Value

$139.7M

Positions

135

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (135)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Schwab U.S. Large-Cap ETF	808524201	476,654	$24.1M	17.27%
2	UnitedHealth Group Inc.	UNH	13,680	$6.9M	4.94%
3	Schwab U.S. Small-Cap ETF	808524607	158,658	$6.6M	4.70%
4	Schwab International Equity ETF	808524805	189,242	$6.4M	4.60%
5	Microsoft Corp	MSFT	15,035	$4.7M	3.40%
6	JP Morgan Chase & Co.	VYLD	28,302	$4.1M	2.94%
7	Apple Inc.	AAPL	18,155	$3.1M	2.23%
8	Pepsico Inc.	PEP	16,456	$2.8M	2.00%
9	Schwab U.S. Large-Cap Growth ETF	808524300	30,987	$2.3M	1.61%
10	Home Depot	HD	7,095	$2.1M	1.53%
11	Chevron Corporation	CVX	11,086	$1.9M	1.34%
12	Intel Corp	INTC	51,635	$1.8M	1.31%
13	AbbVie Inc.	ABBV	11,433	$1.7M	1.22%
14	iShares Russell 2000 Index	464287655	9,638	$1.7M	1.22%
15	Pfizer Inc.	PFE	50,104	$1.7M	1.19%
16	Schwab U.S. Mid-Cap ETF	808524508	24,026	$1.6M	1.16%
17	Aflac Inc	AFL	20,311	$1.6M	1.12%
18	IShares MSCI EAFE Index	464287465	20,885	$1.4M	1.03%
19	Exxon Mobil Corporation	XOM	11,893	$1.4M	1.00%
20	Vanguard Energy Sector ETF	92204A306	10,504	$1.3M	0.95%
21	Johnson & Johnson	JNJ	8,529	$1.3M	0.95%
22	Procter & Gamble Co.	742718109	8,498	$1.2M	0.89%
23	Kimberly-Clark Corp	KMB	10,168	$1.2M	0.88%
24	McDonalds Corp	MCD	4,503	$1.2M	0.85%
25	Northrop Grumman Corp	NOC	2,690	$1.2M	0.85%
26	Berkshire Hathaway Cl. B	BRK-A	3,282	$1.1M	0.82%
27	HP Inc.	HPQ	43,485	$1.1M	0.80%
28	Raytheon Technologies Corp.	RTX	15,095	$1.1M	0.78%
29	International Business Machines	INTR	7,700	$1.1M	0.77%
30	Abbott Laboratories	ABLZF	10,978	$1.1M	0.76%
31	Amgen Incorporated	AMGN	3,893	$1.0M	0.75%
32	Archer-Daniels-Midland Co	ADM	13,834	$1.0M	0.75%
33	iShares S&P 500 Index	464287200	2,410	$1.0M	0.74%
34	General Electric Company	GE	9,223	$1.0M	0.73%
35	Merck & Company Inc	MRK	8,565	$881,799	0.63%
36	Bristol-Myers Squibb Co	CELG-RI	15,114	$877,217	0.63%
37	Schwab Emerging Markets Equity ETF	808524706	36,538	$874,720	0.63%
38	Cisco Systems Inc.	CSCO	16,256	$873,923	0.63%
39	Verizon Communications	VZ	26,179	$848,475	0.61%
40	Bank of America Corp	06605F102	30,633	$838,739	0.60%
41	Schwab U.S. Large-Cap Value ETF	808524409	12,800	$825,088	0.59%
42	Lilly (Eli) & C.	LLY	1,515	$813,752	0.58%
43	Norfolk Southern Corp	655844108	4,130	$813,383	0.58%
44	Illinois Tool Works	452308109	3,476	$800,558	0.57%
45	Hewlett Packard Enterprises	HPE-PC	44,421	$771,600	0.55%
46	Marathon Petroleum Corp.	MARA	4,917	$744,139	0.53%
47	Technology Select Sector SPDR ETF	81369Y803	4,510	$739,324	0.53%
48	Boeing Co	BA-PA	3,644	$698,472	0.50%
49	Reliance Steel & &Aluminum Co.	RS	2,640	$692,287	0.50%
50	Honeywell International Inc.	438516106	3,743	$691,482	0.50%
51	Texas Instruments, Inc.	882508104	4,147	$659,414	0.47%
52	Vanguard Growth ETF	922908736	2,394	$651,888	0.47%
53	QUALCOMM Inc.	QCOM	5,823	$646,722	0.46%
54	AT&T Inc.	T-PC	42,637	$640,413	0.46%
55	Wal-Mart Stores Inc	WMT	3,967	$634,480	0.45%
56	Vanguard Large Cap ETF	922908637	3,240	$634,036	0.45%
57	ConocoPhillips	COP	5,241	$627,902	0.45%
58	Caterpillar Inc	CAT	2,203	$601,419	0.43%
59	Constellation Brands Cl. A	STZ	2,362	$593,641	0.42%
60	McKesson Corporation	MCK	1,359	$590,961	0.42%
61	Invesco QQQ Trust	IVZ	1,634	$585,579	0.42%
62	Alphabet Inc. Cl. A	GOOG	4,283	$560,473	0.40%
63	Consumer Discretionery SPDR ETF	81369Y407	3,350	$539,283	0.39%
64	L3Harris Technologies Inc.	LHX	3,068	$534,200	0.38%
65	Deere & Co.	DE	1,365	$515,124	0.37%
66	Equifax Inc.	EFX	2,633	$482,313	0.35%
67	iShares Core S&P Mid-Cap ETF	464287507	1,931	$481,404	0.34%
68	Goldman Sachs	GSCE	1,486	$480,844	0.34%
69	Disney (Walt) Co	254687106	5,739	$465,145	0.33%
70	CVS Health Corp.	CVS	6,543	$456,832	0.33%
71	Broadcom Inc.	AVGO	549	$455,988	0.33%
72	Automatic Data Processing	ADP	1,894	$455,659	0.33%
73	Comcast Corporation Class A	CCZ	10,158	$450,413	0.32%
74	Vanguard Small-Cap Growth ETF	922908595	2,055	$440,140	0.32%
75	Medtronic Inc	MDT	5,488	$430,040	0.31%
76	Occidental Petroleum	674599105	6,628	$430,025	0.31%
77	SPDR S&P 500 ETF	SPY	1,006	$429,933	0.31%
78	Charles Schwab Corp.	SCHW-PJ	7,708	$423,169	0.30%
79	Phillips 66	PSX	3,477	$417,795	0.30%
80	Wells Fargo	949746101	10,205	$416,957	0.30%
81	Viatris Inc.	VTRS	42,284	$416,924	0.30%
82	American Express Company	AXP	2,773	$413,704	0.30%
83	Vanguard Health Care Sector ETF	92204A504	1,738	$408,604	0.29%
84	TJX Companies	872540109	4,437	$394,361	0.28%
85	iShares MSCI EAFE Small Cap Index	464288273	6,965	$393,314	0.28%
86	Applied Materials	038222105	2,778	$384,633	0.28%
87	Vanguard Mid-Cap ETF	922908629	1,839	$382,898	0.27%
88	Analog Devices	ADI	2,173	$380,471	0.27%
89	iShares Russell 2000 Growth Index	464287648	1,694	$379,710	0.27%
90	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$379,544	0.27%
91	iShares MSCI EAFE Growth Index	464288885	4,337	$374,283	0.27%
92	Carrier Global Corp.	CARR	6,718	$370,834	0.27%
93	Avery Dennison Corp	AVY	1,993	$364,061	0.26%
94	iShares Dow Jones U.S. Healthcare Sector Index	464287762	1,310	$353,669	0.25%
95	White Mountain Insurance Group Ltd.	G9618E107	234	$349,991	0.25%
96	Air Products & Chemicals	AIIR	1,202	$340,647	0.24%
97	Kellanova Company	BEKE	5,628	$334,930	0.24%
98	Motorola Solutions Inc.	MSI	1,229	$334,583	0.24%
99	Stryker Corp.	SYK	1,195	$326,558	0.23%
100	Travelers Companies	TRV	1,966	$321,067	0.23%
101	Vanguard Small Cap Value ETF	922908611	1,998	$318,739	0.23%
102	Global Payments Inc.	37940X102	2,702	$311,784	0.22%
103	Liberty Formula One Group	FWONB	5,465	$308,991	0.22%
104	NextEra Energy	NEE-PW	5,313	$304,382	0.22%
105	Agilent Technologies	A	2,646	$295,876	0.21%
106	Kemper Corporation	KMPB	7,010	$294,630	0.21%
107	Alphabet Inc. Cl. C	GOOG	2,233	$294,421	0.21%
108	Dow Inc.	DOW	5,678	$292,762	0.21%
109	Eaton Corp.	ETN	1,368	$291,767	0.21%
110	Oracle Corporation	ORCL-PD	2,673	$283,124	0.20%
111	Amphenol Corp	032095101	3,365	$282,626	0.20%
112	Accenture Ltd.	ACN	890	$273,328	0.20%
113	Weyerhaeuser Corp.	WY	8,525	$261,377	0.19%
114	Coca-Cola Company	KO	4,527	$253,397	0.18%
115	International Flavors and Fragrances	459506101	3,693	$251,752	0.18%
116	Vanguard FTSE Developed Markets ETF	921943858	5,700	$249,204	0.18%
117	Lowes Co Inc	548661107	1,188	$247,010	0.18%
118	Sysco Corp.	SYY	3,682	$243,196	0.17%
119	DuPont de Nemours Inc.	DD	3,225	$240,556	0.17%
120	Keysight Technologies	KEYS	1,812	$239,746	0.17%
121	iShares MSCI Emerging Markets ex-China	46434G764	4,809	$239,632	0.17%
122	Southern Company	SOMN	3,663	$237,069	0.17%
123	Cardinal Health Inc.	CAH	2,671	$231,896	0.17%
124	Valero Energy Corp.	VLO	1,627	$230,562	0.17%
125	Centerpoint Energy	CNP	8,578	$230,314	0.16%
126	Allstate Corporation	ALL-PJ	2,016	$224,603	0.16%
127	Union Pacific Corp.	UNP	1,037	$211,164	0.15%
128	Hexcel Corp.	428291108	3,241	$211,119	0.15%
129	NVIDIA Corp.	NVDA	482	$209,814	0.15%
130	GE Healthcare Technologies Inc.	GEHC	3,052	$207,659	0.15%
131	PG&E Corp	PCG-PX	12,839	$207,093	0.15%
132	Constellation Energy Corp.	CEG	1,877	$204,743	0.15%
133	Vanguard Industrial Sector ETF	92204A603	1,045	$203,754	0.15%
134	Goodyear Tire & Rubber Co	382550101	16,318	$202,833	0.15%
135	Hanes Brands	410345102	19,394	$76,800	0.05%