Institutional Manager · CIK 0001921093
Athena Investment Management
ORINDA, CA · File #028-22506
Latest AUM
$195.2M
Positions
155
Top-10 Concentration
58.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | Technology Select Sector SPDR ETF | 81369Y803 | +4,510 | +$649,305 | -$621,885 |
| EXITED | Kellanova Company | 487836108 | -4,983 | -$408,706 | $0 |
| ADD | Consumer Discretionery SPDR ETF | 81369Y407 | +3,350 | +$400,024 | -$402,771 |
| ADD | Vanguard Large Cap ETF | 922908637 | +991 | +$311,967 | +$45,804 |
| NEW | Accenture Ltd. | ACN | +1,144 | +$306,935 | $0 |
| ADD | Vanguard FTSE Developed Markets ETF | 921943858 | +4,903 | +$306,290 | +$35,035 |
| NEW | Warner Bros. Discovery Inc. | WBD | +9,518 | +$274,309 | $0 |
| EXITED | DuPont de Nemours Inc. | 26614N102 | -3,197 | -$249,046 | $0 |
| EXITED | Valero Energy Corp. | 91913Y100 | -1,320 | -$224,743 | $0 |
| NEW | Gilead Sciences, Inc. | GILD | +1,749 | +$214,672 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025155 pos · $195.2M
- 13F HOLDINGS REPORTQ/E Sep 2025155 pos · $192.0M
- 13F HOLDINGS REPORTQ/E Jun 2025155 pos · $178.9M
- 13F HOLDINGS REPORTQ/E Mar 2025146 pos · $165.1M
- 13F HOLDINGS REPORTQ/E Dec 2024154 pos · $172.6M
- 13F HOLDINGS REPORTQ/E Sep 2024151 pos · $175.4M
- 13F HOLDINGS REPORTQ/E Jun 2024148 pos · $164.9M
- 13F HOLDINGS REPORTQ/E Mar 2024149 pos · $166.6M
- 13F HOLDINGS REPORTQ/E Dec 2023135 pos · $139.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Schwab U.S. Large-Cap ETF | 808524201 | 1,306,764 | $35.2M | 23.92% |
| 2 | Schwab International Equity ETF | 808524805 | 374,454 | $9.0M | 6.12% |
| 3 | Schwab U.S. Small-Cap ETF | 808524607 | 299,745 | $8.5M | 5.81% |
| 4 | JP Morgan Chase & Co. | VYLD | 24,278 | $7.8M | 5.32% |
| 5 | Microsoft Corp | MSFT | 13,947 | $6.7M | 4.59% |
| 6 | Apple Inc. | AAPL | 17,021 | $4.6M | 3.15% |
| 7 | Schwab U.S. Large-Cap Growth ETF | 808524300 | 128,302 | $4.2M | 2.85% |
| 8 | UnitedHealth Group Inc. | UNH | 12,353 | $4.1M | 2.77% |
| 9 | RTX Corp. | RTX | 15,296 | $2.8M | 1.91% |
| 10 | AbbVie Inc. | ABBV | 11,340 | $2.6M | 1.76% |
| 11 | GE Aerospace | GE | 8,368 | $2.6M | 1.75% |
| 12 | Schwab U.S. Mid-Cap ETF | 808524508 | 82,959 | $2.5M | 1.70% |
| 13 | Vanguard Large Cap ETF | 922908637 | 7,591 | $2.4M | 1.63% |
| 14 | iShares Russell 2000 Index | 464287655 | 9,629 | $2.4M | 1.61% |
| 15 | Pepsico Inc. | PEP | 16,383 | $2.4M | 1.60% |
| 16 | Broadcom Inc. | AVGO | 6,351 | $2.2M | 1.50% |
| 17 | Home Depot | HD | 6,281 | $2.2M | 1.47% |
| 18 | IShares MSCI EAFE Index | 464287465 | 20,869 | $2.0M | 1.36% |
| 19 | Aflac Inc | AFL | 17,676 | $1.9M | 1.33% |
| 20 | International Business Machines | INTR | 6,435 | $1.9M | 1.30% |