13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q4 2024 · Filed February 5, 2025 · Accession 0001921093-25-000001

Total Value

$172.6M

Positions

154

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (154)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Schwab U.S. Large-Cap ETF	808524201	1,372,991	$31.8M	18.44%
2	Schwab U.S. Small-Cap ETF	808524607	325,496	$8.4M	4.88%
3	Schwab International Equity ETF	808524805	384,894	$7.1M	4.12%
4	JP Morgan Chase & Co.	VYLD	26,449	$6.3M	3.67%
5	UnitedHealth Group Inc.	UNH	12,419	$6.3M	3.64%
6	Microsoft Corp	MSFT	14,113	$5.9M	3.45%
7	Apple Inc.	AAPL	16,643	$4.2M	2.41%
8	Schwab U.S. Large-Cap Growth ETF	808524300	126,237	$3.5M	2.04%
9	Pepsico Inc.	PEP	16,441	$2.5M	1.45%
10	Home Depot	HD	6,351	$2.5M	1.43%
11	Schwab U.S. Mid-Cap ETF	808524508	79,013	$2.2M	1.27%
12	iShares Russell 2000 Index	464287655	9,638	$2.1M	1.23%
13	AbbVie Inc.	ABBV	11,386	$2.0M	1.17%
14	Aflac Inc	AFL	18,055	$1.9M	1.08%
15	RTX Corp.	RTX	15,608	$1.8M	1.05%
16	IShares MSCI EAFE Index	464287465	20,869	$1.6M	0.91%
17	GE Aerospace	GE	8,909	$1.5M	0.86%
18	International Business Machines	INTR	6,673	$1.5M	0.85%
19	Chevron Corporation	CVX	10,093	$1.5M	0.85%
20	Broadcom Inc.	AVGO	6,181	$1.4M	0.83%
21	HP Inc.	HPQ	42,984	$1.4M	0.81%
22	iShares S&P 500 Index	464287200	2,363	$1.4M	0.81%
23	Pfizer Inc.	PFE	51,368	$1.4M	0.79%
24	Exxon Mobil Corporation	XOM	12,368	$1.3M	0.77%
25	Kimberly-Clark Corp	KMB	10,062	$1.3M	0.76%
26	Bank of America Corp	06605F102	29,419	$1.3M	0.75%
27	Northrop Grumman Corp	NOC	2,690	$1.3M	0.73%
28	Vanguard Energy Sector ETF	92204A306	10,386	$1.3M	0.73%
29	Abbott Laboratories	ABLZF	10,952	$1.2M	0.72%
30	Johnson & Johnson	JNJ	8,559	$1.2M	0.72%
31	McDonalds Corp	MCD	4,180	$1.2M	0.70%
32	Schwab Emerging Markets Equity ETF	808524706	43,008	$1.1M	0.66%
33	Procter & Gamble Co.	742718109	6,689	$1.1M	0.65%
34	Vanguard Growth ETF	922908736	2,670	$1.1M	0.63%
35	Lilly (Eli) & C.	LLY	1,409	$1.1M	0.63%
36	Vanguard Large Cap ETF	922908637	3,970	$1.1M	0.62%
37	Berkshire Hathaway Cl. B	BRK-A	2,356	$1.1M	0.62%
38	Technology Select Sector SPDR ETF	81369Y803	4,510	$1.0M	0.61%
39	AT&T Inc.	T-PC	45,523	$1.0M	0.60%
40	Verizon Communications	VZ	25,837	$1.0M	0.60%
41	Schwab U.S. Large-Cap Value ETF	808524409	39,585	$1.0M	0.60%
42	Cisco Systems Inc.	CSCO	17,210	$1.0M	0.59%
43	Amgen Incorporated	AMGN	3,824	$996,684	0.58%
44	Intel Corp	INTC	47,258	$947,515	0.55%
45	Hewlett Packard Enterprises	HPE-PC	43,432	$927,273	0.54%
46	Alphabet Inc. Cl. A	GOOG	4,745	$898,229	0.52%
47	QUALCOMM Inc.	QCOM	5,656	$868,902	0.50%
48	Wal-Mart Stores Inc	WMT	9,605	$867,785	0.50%
49	Norfolk Southern Corp	655844108	3,697	$867,686	0.50%
50	Honeywell International Inc.	438516106	3,739	$844,603	0.49%
51	Bristol-Myers Squibb Co	CELG-RI	14,915	$843,592	0.49%
52	Illinois Tool Works	452308109	3,321	$842,073	0.49%
53	Merck & Company Inc	MRK	8,420	$837,669	0.49%
54	Invesco QQQ Trust	IVZ	1,521	$777,817	0.45%
55	American Express Company	AXP	2,536	$752,659	0.44%
56	Consumer Discretionery SPDR ETF	81369Y407	3,350	$751,573	0.44%
57	Goldman Sachs	GSCE	1,295	$741,543	0.43%
58	Archer-Daniels-Midland Co	ADM	14,649	$740,067	0.43%
59	Texas Instruments, Inc.	882508104	3,643	$683,099	0.40%
60	Wells Fargo	949746101	9,691	$680,696	0.39%
61	Vanguard Health Care Sector ETF	92204A504	2,677	$679,128	0.39%
62	Viatris Inc.	VTRS	53,494	$666,000	0.39%
63	Reliance Steel & &Aluminum Co.	RS	2,471	$665,341	0.39%
64	Equifax Inc.	EFX	2,590	$660,062	0.38%
65	Disney (Walt) Co	254687106	5,831	$649,281	0.38%
66	L3Harris Technologies Inc.	LHX	3,068	$645,139	0.37%
67	Boeing Co	BA-PA	3,582	$634,004	0.37%
68	Marathon Petroleum Corp.	MARA	4,506	$628,587	0.36%
69	NVIDIA Corp.	NVDA	4,636	$622,625	0.36%
70	Caterpillar Inc	CAT	1,709	$619,957	0.36%
71	Vanguard Small-Cap Growth ETF	922908595	2,200	$616,132	0.36%
72	iShares Core S&P Mid-Cap ETF	464287507	9,646	$601,020	0.35%
73	SPDR S&P 500 ETF	SPY	1,006	$589,443	0.34%
74	Charles Schwab Corp.	SCHW-PJ	7,708	$570,469	0.33%
75	Deere & Co.	DE	1,315	$557,166	0.32%
76	Automatic Data Processing	ADP	1,866	$546,234	0.32%
77	GE Vernova Inc	GEV	1,652	$543,392	0.31%
78	Motorola Solutions Inc.	MSI	1,173	$542,196	0.31%
79	Constellation Brands Cl. A	STZ	2,358	$521,118	0.30%
80	iShares MSCI EAFE Small Cap Index	464288273	8,245	$500,884	0.29%
81	ConocoPhillips	COP	4,944	$490,296	0.28%
82	iShares Russell 2000 Growth Index	464287648	1,694	$487,567	0.28%
83	Vanguard Mid-Cap ETF	922908629	1,839	$485,664	0.28%
84	McKesson Corporation	MCK	847	$482,714	0.28%
85	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$482,149	0.28%
86	Analog Devices	ADI	2,229	$473,573	0.27%
87	Travelers Companies	TRV	1,963	$472,867	0.27%
88	Carrier Global Corp.	CARR	6,714	$458,298	0.27%
89	White Mountain Insurance Group Ltd.	G9618E107	231	$449,309	0.26%
90	Liberty Formula One Group	FWONB	5,291	$444,656	0.26%
91	Applied Materials	038222105	2,701	$439,286	0.25%
92	iShares MSCI EAFE Growth Index	464288885	4,528	$438,446	0.25%
93	Medtronic Inc	MDT	5,488	$438,381	0.25%
94	Kellanova Company	BEKE	5,394	$436,752	0.25%
95	Amphenol Corp	032095101	6,287	$436,632	0.25%
96	TJX Companies	872540109	3,560	$430,084	0.25%
97	NextEra Energy	NEE-PW	5,958	$427,129	0.25%
98	Kemper Corporation	KMPB	6,310	$419,236	0.24%
99	Constellation Energy Corp.	CEG	1,852	$414,311	0.24%
100	Alphabet Inc. Cl. C	GOOG	2,131	$405,828	0.24%
101	Vanguard Small Cap Value ETF	922908611	1,998	$396,060	0.23%
102	Oracle Corporation	ORCL-PD	2,338	$389,604	0.23%
103	Stryker Corp.	SYK	1,068	$384,533	0.22%
104	iShares Dow Jones U.S. Healthcare Sector Index	464287762	6,546	$381,409	0.22%
105	Agilent Technologies	A	2,756	$370,241	0.21%
106	Phillips 66	PSX	3,249	$370,159	0.21%
107	Comcast Corporation Class A	CCZ	9,733	$365,279	0.21%
108	Sysco Corp.	SYY	4,482	$342,694	0.20%
109	Air Products & Chemicals	AIIR	1,174	$340,507	0.20%
110	Keysight Technologies	KEYS	2,036	$327,043	0.19%
111	Eaton Corp.	ETN	982	$325,896	0.19%
112	Allstate Corporation	ALL-PJ	1,659	$319,839	0.19%
113	Occidental Petroleum	674599105	6,410	$316,718	0.18%
114	Cardinal Health Inc.	CAH	2,662	$314,835	0.18%
115	International Flavors and Fragrances	459506101	3,693	$312,243	0.18%
116	Avery Dennison Corp	AVY	1,648	$308,390	0.18%
117	Global Payments Inc.	37940X102	2,702	$302,786	0.18%
118	Curtiss-Wright Corporation	CW	851	$301,994	0.17%
119	Lowes Co Inc	548661107	1,188	$293,313	0.17%
120	CVS Health Corp.	CVS	6,193	$278,004	0.16%
121	iShares MSCI Emerging Markets ex-China	46434G764	4,959	$274,977	0.16%
122	Vanguard FTSE Developed Markets ETF	921943858	5,700	$272,574	0.16%
123	Coca-Cola Company	KO	4,300	$267,691	0.16%
124	Centerpoint Energy	CNP	8,434	$267,611	0.16%
125	Vanguard Industrial Sector ETF	92204A603	1,030	$262,022	0.15%
126	Financial Select Sector SPDR ETF	81369Y605	5,400	$260,982	0.15%
127	iShares Dow Jones U.S. Financial Services Index	464287770	3,345	$260,274	0.15%
128	Southern Company	SOMN	3,123	$257,085	0.15%
129	Amazon.com Inc	AMZN	1,141	$250,324	0.15%
130	Accenture Ltd.	ACN	709	$249,419	0.14%
131	PG&E Corp	PCG-PX	12,310	$248,416	0.14%
132	DuPont de Nemours Inc.	DD	3,209	$244,686	0.14%
133	Kinder Morgan, Inc.	EP-PC	8,818	$241,613	0.14%
134	Labcorp Holdings Inc.	50540R409	1,037	$237,805	0.14%
135	Salesforce Inc	CRM	705	$235,703	0.14%
136	Morgan Stanley	MS-PQ	1,864	$234,342	0.14%
137	Trane Technologies plc	TT	634	$234,168	0.14%
138	Dow Inc.	DOW	5,812	$233,236	0.14%
139	Ishares Russell 1000 ETF	464287622	718	$231,425	0.13%
140	GE Healthcare Technologies Inc.	GEHC	2,956	$231,100	0.13%
141	Union Pacific Corp.	UNP	1,002	$228,496	0.13%
142	Weyerhaeuser Corp.	WY	8,025	$225,904	0.13%
143	Synchrony Financial	SYF-PB	3,448	$224,126	0.13%
144	iShares Russell 2000 Value Index	464287630	1,325	$217,525	0.13%
145	Corteva Inc.	CTVA	3,729	$212,404	0.12%
146	Costco Wholesale Corp.	22160K105	230	$210,788	0.12%
147	iShares Russell Mid-Cap Index	464287499	2,352	$207,935	0.12%
148	Vanguard FTSE All-World Ex-US Small Cap ETF	922042718	1,800	$206,064	0.12%
149	IShares Russell Mid-Cap Growth ETF	464287481	1,624	$205,870	0.12%
150	General Dynamics Corp.	GD	776	$204,468	0.12%
151	Hexcel Corp.	428291108	3,241	$203,211	0.12%
152	Vanguard FTSE Emerging Markets ETF	922042858	4,550	$200,382	0.12%
153	Hanes Brands	410345102	19,394	$157,867	0.09%
154	Goodyear Tire & Rubber Co	382550101	15,872	$142,848	0.08%