13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q1 2025 · Filed May 12, 2025 · Accession 0001921093-25-000002

Total Value

$165.1M

Positions

146

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (146)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Schwab U.S. Large-Cap ETF	808524201	1,321,576	$29.2M	17.67%
2	Schwab U.S. Small-Cap ETF	808524607	320,605	$7.5M	4.55%
3	Schwab International Equity ETF	808524805	375,336	$7.4M	4.50%
4	UnitedHealth Group Inc.	UNH	12,365	$6.5M	3.92%
5	JP Morgan Chase & Co.	VYLD	25,191	$6.2M	3.74%
6	Microsoft Corp	MSFT	14,099	$5.3M	3.21%
7	Apple Inc.	AAPL	16,155	$3.6M	2.17%
8	Schwab U.S. Large-Cap Growth ETF	808524300	128,001	$3.2M	1.94%
9	Pepsico Inc.	PEP	16,441	$2.5M	1.49%
10	AbbVie Inc.	ABBV	11,386	$2.4M	1.44%
11	Home Depot	HD	6,281	$2.3M	1.39%
12	Schwab U.S. Mid-Cap ETF	808524508	80,879	$2.1M	1.28%
13	RTX Corp.	RTX	15,464	$2.0M	1.24%
14	Aflac Inc	AFL	18,041	$2.0M	1.22%
15	iShares Russell 2000 Index	464287655	9,638	$1.9M	1.16%
16	GE Aerospace	GE	8,782	$1.8M	1.06%
17	Chevron Corporation	CVX	10,262	$1.7M	1.04%
18	IShares MSCI EAFE Index	464287465	20,869	$1.7M	1.03%
19	International Business Machines	INTR	6,508	$1.6M	0.98%
20	Exxon Mobil Corporation	XOM	12,338	$1.5M	0.89%
21	Kimberly-Clark Corp	KMB	10,019	$1.4M	0.86%
22	Johnson & Johnson	JNJ	8,539	$1.4M	0.86%
23	Abbott Laboratories	ABLZF	10,497	$1.4M	0.84%
24	Northrop Grumman Corp	NOC	2,699	$1.4M	0.84%
25	Vanguard Energy Sector ETF	92204A306	10,337	$1.3M	0.81%
26	iShares S&P 500 Index	464287200	2,363	$1.3M	0.80%
27	Pfizer Inc.	PFE	52,334	$1.3M	0.80%
28	McDonalds Corp	MCD	4,180	$1.3M	0.79%
29	AT&T Inc.	T-PC	45,386	$1.3M	0.78%
30	Bank of America Corp	06605F102	29,419	$1.2M	0.74%
31	Schwab Emerging Markets Equity ETF	808524706	44,446	$1.2M	0.74%
32	HP Inc.	HPQ	42,984	$1.2M	0.72%
33	Verizon Communications	VZ	25,977	$1.2M	0.71%
34	Berkshire Hathaway Cl. B	BRK-A	2,179	$1.2M	0.70%
35	Amgen Incorporated	AMGN	3,678	$1.1M	0.69%
36	Intel Corp	INTC	49,907	$1.1M	0.69%
37	Vanguard Large Cap ETF	922908637	4,370	$1.1M	0.68%
38	Broadcom Inc.	AVGO	6,610	$1.1M	0.67%
39	Procter & Gamble Co.	742718109	6,437	$1.1M	0.66%
40	Vanguard Growth ETF	922908736	2,957	$1.1M	0.66%
41	Lilly (Eli) & C.	LLY	1,308	$1.1M	0.65%
42	Cisco Systems Inc.	CSCO	16,976	$1.0M	0.63%
43	Schwab U.S. Large-Cap Value ETF	808524409	38,810	$1.0M	0.62%
44	Technology Select Sector SPDR ETF	81369Y803	4,510	$931,225	0.56%
45	Bristol-Myers Squibb Co	CELG-RI	14,915	$909,666	0.55%
46	Norfolk Southern Corp	655844108	3,697	$875,634	0.53%
47	QUALCOMM Inc.	QCOM	5,467	$839,813	0.51%
48	Illinois Tool Works	452308109	3,321	$823,641	0.50%
49	Wal-Mart Stores Inc	WMT	9,196	$807,291	0.49%
50	Honeywell International Inc.	438516106	3,739	$791,733	0.48%
51	Alphabet Inc. Cl. A	GOOG	4,914	$759,901	0.46%
52	Merck & Company Inc	MRK	8,407	$754,655	0.46%
53	Archer-Daniels-Midland Co	ADM	14,785	$709,828	0.43%
54	Vanguard Health Care Sector ETF	92204A504	2,677	$708,682	0.43%
55	Reliance Steel & &Aluminum Co.	RS	2,411	$696,176	0.42%
56	Wells Fargo	949746101	9,492	$681,431	0.41%
57	Hewlett Packard Enterprises	HPE-PC	43,432	$670,156	0.41%
58	Texas Instruments, Inc.	882508104	3,643	$654,647	0.40%
59	L3Harris Technologies Inc.	LHX	3,068	$642,163	0.39%
60	American Express Company	AXP	2,353	$633,075	0.38%
61	Marathon Petroleum Corp.	MARA	4,342	$632,586	0.38%
62	Equifax Inc.	EFX	2,590	$630,820	0.38%
63	Boeing Co	BA-PA	3,566	$608,172	0.37%
64	Charles Schwab Corp.	SCHW-PJ	7,708	$603,382	0.37%
65	Goldman Sachs	GSCE	1,094	$597,641	0.36%
66	Disney (Walt) Co	254687106	5,791	$571,571	0.35%
67	Automatic Data Processing	ADP	1,866	$570,119	0.35%
68	Vanguard Small-Cap Growth ETF	922908595	2,237	$563,209	0.34%
69	iShares Core S&P Mid-Cap ETF	464287507	9,641	$562,531	0.34%
70	SPDR S&P 500 ETF	SPY	1,005	$562,040	0.34%
71	Deere & Co.	DE	1,197	$561,812	0.34%
72	Caterpillar Inc	CAT	1,684	$555,383	0.34%
73	ConocoPhillips	COP	4,944	$519,219	0.31%
74	Viatris Inc.	VTRS	59,208	$515,702	0.31%
75	Motorola Solutions Inc.	MSI	1,173	$513,551	0.31%
76	Travelers Companies	TRV	1,908	$504,590	0.31%
77	GE Vernova Inc	GEV	1,649	$503,407	0.30%
78	iShares MSCI EAFE Small Cap Index	464288273	7,915	$502,840	0.30%
79	NVIDIA Corp.	NVDA	4,609	$499,569	0.30%
80	Medtronic Inc	MDT	5,458	$490,456	0.30%
81	SPDR Dow Jones Industrial Avg. ETF	78467X109	1,133	$475,781	0.29%
82	Vanguard Mid-Cap ETF	922908629	1,839	$475,533	0.29%
83	iShares MSCI EAFE Growth Index	464288885	4,619	$461,900	0.28%
84	Analog Devices	ADI	2,263	$456,379	0.28%
85	McKesson Corporation	MCK	663	$446,192	0.27%
86	White Mountain Insurance Group Ltd.	G9618E107	231	$444,862	0.27%
87	CVS Health Corp.	CVS	6,489	$439,630	0.27%
88	iShares Russell 2000 Growth Index	464287648	1,694	$432,868	0.26%
89	Constellation Brands Cl. A	STZ	2,358	$432,740	0.26%
90	Carrier Global Corp.	CARR	6,664	$422,498	0.26%
91	Kemper Corporation	KMPB	6,310	$421,824	0.26%
92	Kellanova Company	BEKE	5,103	$420,946	0.25%
93	Liberty Formula One Group	FWONB	5,158	$420,222	0.25%
94	TJX Companies	872540109	3,398	$413,876	0.25%
95	Amphenol Corp	032095101	6,287	$412,364	0.25%
96	NextEra Energy	NEE-PW	5,788	$410,311	0.25%
97	Phillips 66	PSX	3,249	$401,187	0.24%
98	iShares Dow Jones U.S. Healthcare Sector Index	464287762	6,546	$398,558	0.24%
99	Stryker Corp.	SYK	1,039	$386,768	0.23%
100	Applied Materials	038222105	2,575	$373,704	0.23%
101	Vanguard Small Cap Value ETF	922908611	1,998	$372,298	0.23%
102	Constellation Energy Corp.	CEG	1,775	$357,893	0.22%
103	Comcast Corporation Class A	CCZ	9,479	$349,775	0.21%
104	Air Products & Chemicals	AIIR	1,159	$341,812	0.21%
105	Agilent Technologies	A	2,881	$337,019	0.20%
106	Sysco Corp.	SYY	4,448	$333,778	0.20%
107	Alphabet Inc. Cl. C	GOOG	2,131	$332,926	0.20%
108	Occidental Petroleum	674599105	6,622	$326,862	0.20%
109	Oracle Corporation	ORCL-PD	2,319	$324,219	0.20%
110	Allstate Corporation	ALL-PJ	1,522	$315,161	0.19%
111	Coca-Cola Company	KO	4,275	$306,144	0.19%
112	Keysight Technologies	KEYS	2,036	$304,932	0.18%
113	Dow Inc.	DOW	8,499	$296,785	0.18%
114	Cardinal Health Inc.	CAH	2,150	$296,206	0.18%
115	Centerpoint Energy	CNP	8,142	$294,985	0.18%
116	Avery Dennison Corp	AVY	1,648	$293,295	0.18%
117	Synchrony Financial	SYF-PB	5,487	$290,458	0.18%
118	Vanguard FTSE Developed Markets ETF	921943858	5,700	$289,731	0.18%
119	International Flavors and Fragrances	459506101	3,693	$286,614	0.17%
120	iShares MSCI Emerging Markets ex-China	46434G764	4,959	$273,191	0.17%
121	Southern Company	SOMN	2,958	$271,988	0.16%
122	Financial Select Sector SPDR ETF	81369Y605	5,400	$268,974	0.16%
123	Lowes Co Inc	548661107	1,138	$265,524	0.16%
124	Global Payments Inc.	37940X102	2,702	$264,580	0.16%
125	iShares Dow Jones U.S. Financial Services Index	464287770	3,345	$262,750	0.16%
126	Kinder Morgan, Inc.	EP-PC	8,804	$251,178	0.15%
127	Eaton Corp.	ETN	904	$245,734	0.15%
128	Vanguard Industrial Sector ETF	92204A603	980	$242,599	0.15%
129	GE Healthcare Technologies Inc.	GEHC	2,989	$241,242	0.15%
130	Labcorp Holdings Inc.	50540R409	1,031	$239,955	0.15%
131	DuPont de Nemours Inc.	DD	3,197	$238,752	0.14%
132	Corteva Inc.	CTVA	3,717	$233,911	0.14%
133	Weyerhaeuser Corp.	WY	7,825	$229,116	0.14%
134	Accenture Ltd.	ACN	709	$221,236	0.13%
135	Ishares Russell 1000 ETF	464287622	718	$220,348	0.13%
136	Amazon.com Inc	AMZN	1,141	$217,087	0.13%
137	Morgan Stanley	MS-PQ	1,845	$215,256	0.13%
138	Trane Technologies plc	TT	634	$213,607	0.13%
139	Union Pacific Corp.	UNP	902	$213,088	0.13%
140	General Dynamics Corp.	GD	776	$211,522	0.13%
141	PG&E Corp	PCG-PX	12,310	$211,486	0.13%
142	Vanguard FTSE All-World Ex-US Small Cap ETF	922042718	1,800	$208,080	0.13%
143	Vanguard FTSE Emerging Markets ETF	922042858	4,550	$205,933	0.12%
144	iShares Russell 2000 Value Index	464287630	1,325	$200,049	0.12%
145	Goodyear Tire & Rubber Co	382550101	15,872	$146,657	0.09%
146	Hanes Brands	410345102	19,394	$111,903	0.07%