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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Athena Investment Management

Quarter ended Q2 2025 · Filed August 12, 2025 · Accession 0001921093-25-000004

Total Value
$178.9M
Positions
155
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (155)

#IssuerTicker / CUSIPSharesValue% of Filing
1Schwab U.S. Large-Cap ETF8085242011,321,308$32.3M18.05%
2Schwab International Equity ETF808524805374,989$8.3M4.63%
3Schwab U.S. Small-Cap ETF808524607320,575$8.1M4.53%
4JP Morgan Chase & Co.VYLD24,925$7.2M4.04%
5Microsoft CorpMSFT13,990$7.0M3.89%
6UnitedHealth Group Inc.UNH12,353$3.9M2.15%
7Schwab U.S. Large-Cap Growth ETF808524300128,147$3.7M2.09%
8Apple Inc.AAPL18,130$3.7M2.08%
9Home DepotHD6,281$2.3M1.29%
10Schwab U.S. Mid-Cap ETF80852450881,946$2.3M1.28%
11RTX Corp.RTX15,371$2.2M1.25%
12GE AerospaceGE8,537$2.2M1.23%
13Pepsico Inc.PEP16,441$2.2M1.21%
14AbbVie Inc.ABBV11,361$2.1M1.18%
15iShares Russell 2000 Index4642876559,638$2.1M1.16%
16International Business MachinesINTR6,450$1.9M1.06%
17Aflac IncAFL17,821$1.9M1.05%
18IShares MSCI EAFE Index46428746520,869$1.9M1.04%
19Broadcom Inc.AVGO5,944$1.6M0.92%
20Vanguard Growth ETF9229087363,491$1.5M0.86%
21Chevron CorporationCVX10,421$1.5M0.83%
22iShares S&P 500 Index4642872002,330$1.4M0.81%
23Abbott LaboratoriesABLZF10,497$1.4M0.80%
24Bank of America Corp06605F10229,419$1.4M0.78%
25Northrop Grumman CorpNOC2,699$1.3M0.75%
26Exxon Mobil CorporationXOM12,358$1.3M0.74%
27Schwab Emerging Markets Equity ETF80852470644,152$1.3M0.74%
28AT&T Inc.T-PC45,886$1.3M0.74%
29Berkshire Hathaway Cl. BBRK-A2,718$1.3M0.74%
30Johnson & JohnsonJNJ8,539$1.3M0.73%
31Vanguard Large Cap ETF9229086374,536$1.3M0.72%
32Kimberly-Clark CorpKMB10,019$1.3M0.72%
33Pfizer Inc.PFE52,334$1.3M0.71%
34Vanguard Energy Sector ETF92204A30610,305$1.2M0.69%
35Cisco Systems Inc.CSCO16,933$1.2M0.66%
36McDonalds CorpMCD3,980$1.2M0.65%
37Technology Select Sector SPDR ETF81369Y8034,510$1.1M0.64%
38Verizon CommunicationsVZ26,021$1.1M0.63%
39Intel CorpINTC48,394$1.1M0.61%
40Schwab U.S. Large-Cap Value ETF80852440938,510$1.1M0.60%
41HP Inc.HPQ42,984$1.1M0.59%
42Amgen IncorporatedAMGN3,754$1.0M0.59%
43Lilly (Eli) & C.LLY1,306$1.0M0.57%
44Procter & Gamble Co.7427181096,378$1.0M0.57%
45Norfolk Southern Corp6558441083,543$906,9020.51%
46Hewlett Packard EnterprisesHPE-PC43,432$888,1840.50%
47Honeywell International Inc.4385161063,739$870,7380.49%
48QUALCOMM Inc.QCOM5,461$869,7470.49%
49Wal-Mart Stores IncWMT8,847$865,0310.48%
50Alphabet Inc. Cl. AGOOG4,908$864,9370.48%
51Invesco QQQ TrustIVZ1,504$829,7780.46%
52Illinois Tool Works4523081093,255$804,7990.45%
53Archer-Daniels-Midland CoADM14,785$780,3520.44%
54L3Harris Technologies Inc.LHX3,068$769,5770.43%
55Wells Fargo9497461019,447$756,8940.42%
56Texas Instruments, Inc.8825081043,643$756,3600.42%
57American Express CompanyAXP2,347$748,6460.42%
58Boeing CoBA-PA3,558$745,4960.42%
59Reliance Inc.RS2,366$742,6870.42%
60NVIDIA Corp.NVDA4,609$728,2430.41%
61Consumer Discretionery SPDR ETF81369Y4073,350$728,0560.41%
62Goldman SachsGSCE1,013$716,9510.40%
63Marathon Petroleum Corp.MARA4,315$716,7650.40%
64Disney (Walt) Co2546871065,747$712,6850.40%
65Charles Schwab Corp.SCHW-PJ7,708$703,2780.39%
66Bristol-Myers Squibb CoCELG-RI14,915$690,4150.39%
67Vanguard FTSE Developed Markets ETF92194385811,994$683,7780.38%
68Equifax Inc.EFX2,582$669,6930.37%
69Vanguard Health Care Sector ETF92204A5042,694$669,0280.37%
70Merck & Company IncMRK8,407$665,5360.37%
71Vanguard Mid-Cap ETF9229086292,378$665,3610.37%
72Deere & Co.DE1,297$659,5120.37%
73Caterpillar IncCAT1,684$653,7460.37%
74GE Vernova IncGEV1,181$624,9260.35%
75SPDR S&P 500 ETFSPY1,005$620,7770.35%
76Amphenol Corp0320951016,225$614,7190.34%
77iShares Core S&P Mid-Cap ETF4642875079,641$597,9120.33%
78Vanguard Small-Cap Growth ETF9229085952,151$595,6980.33%
79Automatic Data ProcessingADP1,866$575,4740.32%
80iShares MSCI EAFE Small Cap Index4642882737,915$575,2620.32%
81Applied Materials0382221053,130$573,0340.32%
82Constellation Energy Corp.CEG1,775$572,8990.32%
83Viatris Inc.VTRS60,848$543,3730.30%
84Analog DevicesADI2,280$542,6860.30%
85iShares MSCI EAFE Growth Index4642888854,619$517,3280.29%
86Oracle CorporationORCL-PD2,319$507,0030.28%
87SPDR Dow Jones Industrial Avg. ETF78467X1091,133$499,3160.28%
88Motorola Solutions Inc.MSI1,173$493,2000.28%
89Carrier Global Corp.CARR6,664$487,7380.27%
90iShares Russell 2000 Growth Index4642876481,694$484,2470.27%
91Medtronic IncMDT5,458$475,7740.27%
92Liberty Formula One GroupFWONB5,006$475,3700.27%
93Travelers CompaniesTRV1,718$459,6340.26%
94CVS Health Corp.CVS6,489$447,6110.25%
95ConocoPhillipsCOP4,944$443,6750.25%
96McKesson CorporationMCK601$440,4010.25%
97TJX Companies8725401093,332$411,4690.23%
98White Mountain Insurance Group Ltd.G9618E107229$411,2200.23%
99Stryker Corp.SYK1,035$409,4770.23%
100Kemper CorporationKMPB6,310$407,2470.23%
101Kellanova CompanyBEKE5,103$405,8420.23%
102Vanguard Small-Cap ETF9229087511,703$403,4750.23%
103NextEra EnergyNEE-PW5,788$401,8030.22%
104Vanguard Small Cap Value ETF9229086111,998$389,7250.22%
105Phillips 66PSX3,249$387,6060.22%
106Constellation Brands Cl. ASTZ2,358$383,5990.21%
107iShares Dow Jones U.S. Healthcare Sector Index4642877626,546$369,6920.21%
108Alphabet Inc. Cl. CGOOG2,080$368,9710.21%
109Agilent TechnologiesA2,893$341,4030.19%
110Sysco Corp.SYY4,494$340,3760.19%
111Comcast Corporation Class ACCZ9,479$338,3060.19%
112Keysight TechnologiesKEYS2,036$333,6190.19%
113Air Products & ChemicalsAIIR1,159$326,9080.18%
114Synchrony FinancialSYF-PB4,802$320,4560.18%
115Coca-Cola CompanyKO4,475$316,5750.18%
116iShares MSCI Emerging Markets ex-China46434G7644,959$313,1110.18%
117Eaton Corp.ETN871$310,9380.17%
118Allstate CorporationALL-PJ1,522$306,3940.17%
119Financial Select Sector SPDR ETF81369Y6055,740$300,6040.17%
120Centerpoint EnergyCNP7,900$290,2460.16%
121Avery Dennison CorpAVY1,648$289,1750.16%
122Cardinal Health Inc.CAH1,717$288,4560.16%
123iShares Dow Jones U.S. Financial Services Index4642877703,345$286,3320.16%
124Occidental Petroleum6745991056,622$278,1900.16%
125Corteva Inc.CTVA3,717$277,0280.15%
126Trane Technologies plcTT633$276,8810.15%
127Southern CompanySOMN2,958$271,6330.15%
128International Flavors and Fragrances4595061013,693$271,6200.15%
129Labcorp Holdings Inc.50540R4091,031$270,6480.15%
130Vanguard Industrial Sector ETF92204A603943$264,1060.15%
131Morgan StanleyMS-PQ1,845$259,8870.15%
132Lowes Co Inc5486611071,138$252,5910.14%
133Kinder Morgan, Inc.EP-PC8,574$252,0760.14%
134Amazon.com IncAMZN1,141$250,3240.14%
135Dow Inc.DOW9,147$242,2130.14%
136Vanguard FTSE All-World Ex-US Small Cap ETF9220427181,800$241,9020.14%
137Ishares Russell 1000 ETF464287622712$241,8940.14%
138Vanguard FTSE Emerging Markets ETF9220428584,669$230,9290.13%
139Dominion Energy Inc.D3,988$225,4020.13%
140Vaneck Uranium & Nuclear Energy ETF92189F6012,000$222,3600.12%
141GE Healthcare Technologies Inc.GEHC2,989$221,3950.12%
142General Dynamics Corp.GD759$221,3700.12%
143IShares Russell Mid-Cap Growth ETF4642874811,590$220,5320.12%
144DuPont de Nemours Inc.DD3,197$219,2820.12%
145Global Payments Inc.37940X1022,702$216,2680.12%
146Accenture Ltd.ACN709$211,9130.12%
147iShares Russell Mid-Cap Index4642874992,299$211,4580.12%
148iShares Russell 2000 Value Index4642876301,325$209,0320.12%
149Costco Wholesale Corp.22160K105210$207,9370.12%
150Valero Energy Corp.VLO1,508$202,7050.11%
151Union Pacific Corp.UNP877$201,7800.11%
152Weyerhaeuser Corp.WY7,825$201,0240.11%
153PG&E CorpPCG-PX12,310$171,6010.10%
154Goodyear Tire & Rubber Co38255010115,872$164,5930.09%
155Hanes Brands41034510219,394$88,8250.05%