Athena Investment Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Athena Investment Management reported 149 stock positions worth $166.6 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.4% of the portfolio, followed by Schwab US Small-Cap ETF (SCHA, 4.7%) and Schwab Intl Equity ETF (SCHF, 4.4%). Compared with Q4 2023, it opened 10 new positions, added to 29 and reduced 49. The biggest buy was General Electric (GE, shares +2%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
ORINDA, CA
CIK
0001921093
Portfolio Value
$166.6M (Q1 2024)
SEC Filing
0001921093-24-000002 ↗ filed May 9, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $166.6M $166.6M Q1 2024 Q2 2024: $164.9M Q2 2024 Q3 2024: $175.4M Q3 2024 Q4 2024: $172.6M Q4 2024 Q1 2025: $165.1M Q1 2025 Q2 2025: $178.9M Q2 2025 Q3 2025: $192.0M Q3 2025 Q4 2025: $195.2M Q4 2025 Q1 2026: $192.8M Q1 2026 Q2 2026: $168.7M Q2 2026

Holdings 149 stocks · $166.6M
SCHX Schwab US Large-Cap ETF 17.40% 467,108 $29.0M Reduce -1.5%
SCHA Schwab US Small-Cap ETF 4.74% 160,252 $7.9M Add +0.4%
SCHF Schwab Intl Equity ETF 4.44% 189,532 $7.4M Reduce -0.6%
UNH UnitedHealth Group Inc. 4.04% 13,598 $6.7M No change
MSFT Microsoft Corp. 3.63% 14,386 $6.1M Reduce -1.6%
JPM JPMorgan Chase & Co. 3.32% 27,655 $5.5M Reduce -2.4%
AAPL Apple Inc. 1.82% 17,687 $3.0M Reduce -0.5%
SCHG Schwab US Large-Cap Growth 1.73% 31,144 $2.9M Reduce -0.0%
PEP Pepsico Inc. 1.73% 16,453 $2.9M No change
HD Home Depot Inc. 1.60% 6,957 $2.7M Reduce -0.5%
INTC Intel Corp. 1.33% 50,359 $2.2M Reduce -0.5%
ABBV Abbvie Inc. 1.25% 11,427 $2.1M Reduce -0.0%
IWM iShares Russell 2000 ETF 1.22% 9,638 $2.0M No change
SCHM Schwab US Mid Cap ETF 1.21% 24,772 $2.0M Add +0.7%
AFL Aflac Inc. 1.02% 19,732 $1.7M Reduce -1.9%
EFA iShares MSCI Eafe ETF 1.00% 20,879 $1.7M No change
GE General Electric Company 0.96% 9,109 $1.6M Add +2.4%
CVX Chevron Corp. 0.94% 9,964 $1.6M Reduce -1.5%
RTX RTX Corp. 0.92% 15,692 $1.5M Add +0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.88% 7,666 $1.5M Reduce -0.6%
PFE Pfizer Inc. 0.85% 51,299 $1.4M Add +1.7%
VDE Vanguard Energy ETF 0.83% 10,504 $1.4M No change
XOM Exxon Mobil Corp. 0.83% 11,876 $1.4M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.83% 3,281 $1.4M Reduce -0.0%
JNJ Johnson & Johnson 0.81% 8,569 $1.4M No change
KMB Kimberly-Clark Corp. 0.79% 10,170 $1.3M Add +0.0%
HPQ HP Inc. 0.79% 43,449 $1.3M Add +0.0%
PG The Procter & Gamble Co. 0.79% 8,090 $1.3M Reduce -4.8%
NOC Northrop Grumman Corp. 0.77% 2,690 $1.3M No change
IVV iShares Core S&P 500 ETF 0.76% 2,394 $1.3M No change
ABT Abbott Laboratories 0.75% 10,972 $1.2M Reduce -0.1%
MCD McDonald's Corp. 0.74% 4,354 $1.2M No change
LLY Eli Lilly & Co. 0.69% 1,488 $1.2M Reduce -1.8%
BANKAMERICA CORP 0.69% 30,352 $1.2M Reduce -0.9%
MRK Merck & Co. Inc. 0.68% 8,567 $1.1M Add +0.0%
VZ Verizon Communications Inc. 0.66% 26,184 $1.1M Add +3.0%
AMGN Amgen Inc. 0.66% 3,859 $1.1M Add +0.2%
NSC Norfolk Southern Corp. 0.63% 4,131 $1.1M No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.59% 39,018 $985K Add +0.5%
QCOM Qualcomm Inc. 0.59% 5,814 $984K Reduce -0.1%
SCHV Schwab US Large-Cap Value 0.59% 12,920 $982K Reduce -31.8%
MPC Marathon Petroleum Corp. 0.58% 4,806 $968K No change
XLK SS Technology Select Sector 0.56% 4,510 $939K No change
ITW Illinois Tool Works 0.54% 3,367 $903K Reduce -1.2%
ADM Archer-Daniels-Midland Co. 0.53% 14,051 $883K Add +0.9%
RS Reliance Inc. 0.52% 2,590 $866K Reduce -1.8%
CSCO Cisco Systems Inc. 0.50% 16,579 $827K Reduce -0.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.49% 2,394 $824K No change
BMY Bristol-Myers Squibb Co. 0.49% 14,953 $811K Add +0.2%
HPE Hewlett Packard Enterprise 0.47% 44,411 $787K Add +0.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.47% 3,240 $777K No change
HON Honeywell International Inc. 0.46% 3,743 $768K No change
AT&T filed as AT&T CORP 0.45% 42,534 $749K Add +0.7%
AVGO Broadcom Inc. 0.45% 561 $744K Add +2.0%
QQQ Invesco QQQ Trust Series 1 0.44% 1,634 $726K No change
TXN Texas Instruments Inc. 0.43% 4,147 $722K No change
CAT Caterpillar Inc. 0.43% 1,956 $717K Reduce -11.2%
WMT Walmart Inc. 0.43% 11,902 $716K No change
BA The Boeing Co. 0.42% 3,640 $702K Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.42% 5,739 $702K No change
EFX Equifax Inc. 0.42% 2,620 $701K Reduce -0.2%
GOOGL Alphabet Inc. Class A 0.40% 4,401 $664K Reduce -0.4%
LHX L3HARRIS Technologies Inc. 0.39% 3,068 $654K No change
STZ Constellation Brands Inc. Class A 0.39% 2,362 $642K No change
COP Conocophillips 0.38% 5,022 $639K Reduce -1.9%
MCK McKesson Corp. 0.38% 1,187 $637K Reduce -11.3%
GS Goldman Sachs Group Inc. 0.37% 1,486 $621K No change
XLY SS Consumer Disc Select Sect 0.37% 3,350 $616K No change
AXP American Express Co. 0.37% 2,700 $615K Reduce -2.6%
IJH iShares Core S&P Midcap ETF 0.35% 9,649 $586K No change
WFC Wells Fargo & Co. 0.35% 10,090 $585K Reduce -0.4%
AMAT Applied Materials Inc. 0.34% 2,755 $568K Reduce -0.7%
DE Deere & Co. 0.34% 1,365 $561K Add +1.3%
SCHW Schwab (charles) Corp. 0.33% 7,708 $558K No change
PSX Phillips 66 0.33% 3,387 $553K Reduce -2.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.33% 2,095 $546K Add +1.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.32% 1,006 $526K No change
CVS CVS Health Corp. 0.31% 6,543 $522K Add +2.4%
VTRS Viatris Inc. 0.30% 42,245 $504K Reduce -0.1%
MDT Medtronic Inc 0.29% 5,488 $478K No change
ADP Automatic Data Processing 0.28% 1,894 $473K No change
VHT Vanguard Health Care ETF 0.28% 1,738 $470K No change
EFG iShares MSCI Eafe Growth ETF 0.28% 4,437 $461K Add +2.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.28% 1,839 $459K No change
IWO iShares Russell 2000 Growth 0.28% 1,694 $459K No change
TRV The Travelers Cos Inc. 0.27% 1,966 $452K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.27% 1,133 $451K No change
SCZ iShares MSCI Eafe Small-Cap 0.26% 6,965 $441K No change
ADI Analog Devices Inc. 0.26% 2,229 $441K Add +2.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 4,317 $438K No change
MSI Motorola Solutions Inc. 0.26% 1,229 $436K No change
KMPR Kemper Corp. 0.26% 7,010 $434K No change
NVDA Nvidia Corp. 0.26% 478 $432K Reduce -0.8%
OXY Occidental Petroleum Corp. 0.26% 6,628 $431K No change
CMCSA Comcast Corp. Class A 0.26% 9,819 $426K Add +0.0%
WTM White Mountains Insurance GP 0.25% 234 $420K No change
AVY Avery Dennison Corp. 0.25% 1,864 $416K Reduce -6.5%
SYK Stryker Corp. 0.25% 1,145 $410K Reduce -4.2%
IYH iShares U.S. Healthcare ETF 0.24% 6,540 $405K Reduce -0.1%
A Agilent Technologies Inc. 0.24% 2,756 $401K No change
CARR Carrier Global Corp. 0.23% 6,718 $391K No change
ETN Eaton Corp. PLC 0.23% 1,243 $389K Reduce -9.1%
APH Amphenol Corp. Class A 0.23% 3,325 $384K Reduce -0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.23% 1,998 $383K No change
NEE Nextera Energy Inc. 0.23% 5,958 $381K Add +2.6%
GPN Global Payments Inc. 0.22% 2,702 $361K No change
SYY Sysco Corp. 0.21% 4,370 $355K No change
CEG Constellation Energy 0.21% 1,877 $347K No change
ORCL Oracle Corp. 0.20% 2,681 $337K No change
GOOG Alphabet Inc. Class C 0.20% 2,193 $334K Reduce -1.8%
ALL Allstate Corp. 0.20% 1,916 $331K Reduce -5.0%
DOW Dow Inc. 0.20% 5,626 $326K Reduce -0.3%
K Kellanova 0.19% 5,625 $322K Add +0.0%
FWONA Liberty Media Corp.-Liberty-A 0.19% 5,465 $321K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.19% 3,693 $318K Add +2.8%
LOW Lowe's Cos Inc. 0.18% 1,188 $303K No change
WY Weyerhaeuser Co. 0.18% 8,359 $300K Reduce -0.4%
CAH Cardinal Health Inc. 0.18% 2,671 $299K No change
APD Air Products & Chemicals Inc. 0.17% 1,202 $291K No change
VEA Vanguard Ftse Developed ETF 0.17% 5,700 $286K No change
ACN Accenture PLC Class A 0.17% 822 $285K Reduce -1.0%
KEYS Keysight Technologies Inc. 0.17% 1,812 $283K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.17% 4,809 $277K No change
GEHC GE Healthcare Technology 0.17% 3,039 $276K Add +4.2%
SYF Synchrony Financial 0.16% 6,272 $270K New
KO The Coca-Cola Co. 0.16% 4,377 $268K Reduce -3.3%
VLO Valero Energy Corp. 0.16% 1,550 $265K Reduce -4.7%
SO The Southern Co. 0.16% 3,663 $263K No change
VIS Vanguard Industrials ETF 0.15% 1,030 $251K No change
DD Dupont DE Nemours Inc. 0.15% 3,220 $247K No change
UNP Union Pacific Corp. 0.15% 1,002 $246K Reduce -3.4%
CNP Centerpoint Energy Inc. 0.15% 8,580 $244K Add +0.0%
HXL Hexcel Corp. 0.14% 3,241 $236K No change
XLF SS Financial Select Sector 0.14% 5,400 $227K No change
GD General Dynamics Corp. 0.14% 801 $226K Reduce -7.6%
GT Goodyear Tire & Rubber Co. 0.13% 16,188 $222K No change
IYG iShares U.S. Financial Servi 0.13% 3,345 $222K New
D Dominion Energy Inc. 0.13% 4,475 $220K New
WHR Whirlpool Corp. 0.13% 1,839 $220K New
LH Laboratory CRP of Amer Hldgs 0.13% 992 $217K Add +4.2%
CTVA Corteva Inc. 0.13% 3,737 $216K New
PCG P G & E Corp. 0.13% 12,839 $215K No change
TT Trane Technologies PLC 0.13% 711 $213K New
CRM Salesforce Inc. 0.13% 705 $212K New
IWB iShares Russell 1000 ETF 0.13% 734 $212K New
IWN iShares Russell 2000 Value E 0.13% 1,325 $210K No change
AMZN Amazon.com Inc. 0.12% 1,141 $206K New
VIG Vanguard Dividend Apprec ETF 0.12% 1,098 $201K New
HBI Hanesbrands Inc. 0.07% 19,394 $112K Add +1.0%

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.5% 1.82% −0.40
INTC Intel Corp. Reduce -0.5% 1.33% −0.31
SCHV Schwab US Large-Cap Value Reduce -31.8% 0.59% −0.27
BA The Boeing Co. Reduce -0.1% 0.42% −0.19
SCHF Schwab Intl Equity ETF Reduce -0.6% 4.44% −0.13
AFL Aflac Inc. Reduce -1.9% 1.02% −0.06
CSCO Cisco Systems Inc. Reduce -0.6% 0.50% −0.05
ITW Illinois Tool Works Reduce -1.2% 0.54% −0.04
ABT Abbott Laboratories Reduce -0.1% 0.75% −0.04
CVX Chevron Corp. Reduce -1.5% 0.94% −0.04
PG The Procter & Gamble Co. Reduce -4.8% 0.79% −0.02
MCK McKesson Corp. Reduce -11.3% 0.38% −0.02
ACN Accenture PLC Class A Reduce -1.0% 0.17% −0.02
UNP Union Pacific Corp. Reduce -3.4% 0.15% −0.02
KO The Coca-Cola Co. Reduce -3.3% 0.16% −0.01
AVY Avery Dennison Corp. Reduce -6.5% 0.25% −0.01
GD General Dynamics Corp. Reduce -7.6% 0.14% −0.01
WY Weyerhaeuser Co. Reduce -0.4% 0.18% −0.01
DOW Dow Inc. Reduce -0.3% 0.20% −0.01
GOOG Alphabet Inc. Class C Reduce -1.8% 0.20% −0.00
COP Conocophillips Reduce -1.9% 0.38% −0.00
GOOGL Alphabet Inc. Class A Reduce -0.4% 0.40% −0.00
EFX Equifax Inc. Reduce -0.2% 0.42% −0.00
IYH iShares U.S. Healthcare ETF Reduce -0.1% 0.24% −0.00
VTRS Viatris Inc. Reduce -0.1% 0.30% +0.01
CAT Caterpillar Inc. Reduce -11.2% 0.43% +0.01
SYK Stryker Corp. Reduce -4.2% 0.25% +0.01
APH Amphenol Corp. Class A Reduce -0.5% 0.23% +0.02
ALL Allstate Corp. Reduce -5.0% 0.20% +0.02
ETN Eaton Corp. PLC Reduce -9.1% 0.23% +0.02
VLO Valero Energy Corp. Reduce -4.7% 0.16% +0.02
BANKAMERICA CORP Reduce -0.9% 0.69% +0.02
WFC Wells Fargo & Co. Reduce -0.4% 0.35% +0.03
HD Home Depot Inc. Reduce -0.5% 1.60% +0.03
PSX Phillips 66 Reduce -2.6% 0.33% +0.03
AXP American Express Co. Reduce -2.6% 0.37% +0.03
RS Reliance Inc. Reduce -1.8% 0.52% +0.04
QCOM Qualcomm Inc. Reduce -0.1% 0.59% +0.04
AMAT Applied Materials Inc. Reduce -0.7% 0.34% +0.05
SCHG Schwab US Large-Cap Growth Reduce -0.0% 1.73% +0.06
XOM Exxon Mobil Corp. Reduce -0.1% 0.83% +0.06
SCHX Schwab US Large-Cap ETF Reduce -1.5% 17.40% +0.06
IBM Intl Business Machines Corp. Reduce -0.6% 0.88% +0.06
MSFT Microsoft Corp. Reduce -1.6% 3.63% +0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.0% 0.83% +0.07
ABBV Abbvie Inc. Reduce -0.0% 1.25% +0.10
NVDA Nvidia Corp. Reduce -0.8% 0.26% +0.10
LLY Eli Lilly & Co. Reduce -1.8% 0.69% +0.12
JPM JPMorgan Chase & Co. Reduce -2.4% 3.32% +0.20

Portfolio Buys Q4 2023 → Q1 2024
GE General Electric Company Add +2.4% 0.96% +0.22
SYF Synchrony Financial New 0.16% +0.16
IYG iShares U.S. Financial Servi New 0.13% +0.13
D Dominion Energy Inc. New 0.13% +0.13
WHR Whirlpool Corp. New 0.13% +0.13
CTVA Corteva Inc. New 0.13% +0.13
TT Trane Technologies PLC New 0.13% +0.13
CRM Salesforce Inc. New 0.13% +0.13
IWB iShares Russell 1000 ETF New 0.13% +0.13
AMZN Amazon.com Inc. New 0.12% +0.12
VIG Vanguard Dividend Apprec ETF New 0.12% +0.12
MRK Merck & Co. Inc. Add +0.0% 0.68% +0.07
RTX RTX Corp. Add +0.4% 0.92% +0.07
AVGO Broadcom Inc. Add +2.0% 0.45% +0.05
VZ Verizon Communications Inc. Add +3.0% 0.66% +0.04
GEHC GE Healthcare Technology Add +4.2% 0.17% +0.02
HBI Hanesbrands Inc. Add +1.0% 0.07% +0.01
SCHM Schwab US Mid Cap ETF Add +0.7% 1.21% +0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Add +1.9% 0.33% +0.01
EFG iShares MSCI Eafe Growth ETF Add +2.3% 0.28% +0.00
IFF Intl Flavors & Fragrances Add +2.8% 0.19% +0.00
NEE Nextera Energy Inc. Add +2.6% 0.23% −0.00
BMY Bristol-Myers Squibb Co. Add +0.2% 0.49% −0.01
AT&T Add +0.7% 0.45% −0.01
LH Laboratory CRP of Amer Hldgs Add +4.2% 0.13% −0.01
K Kellanova Add +0.0% 0.19% −0.01
KMB Kimberly-Clark Corp. Add +0.0% 0.79% −0.01
CNP Centerpoint Energy Inc. Add +0.0% 0.15% −0.01
DE Deere & Co. Add +1.3% 0.34% −0.01
CVS CVS Health Corp. Add +2.4% 0.31% −0.01
ADI Analog Devices Inc. Add +2.6% 0.26% −0.02
HPE Hewlett Packard Enterprise Add +0.0% 0.47% −0.02
CMCSA Comcast Corp. Class A Add +0.0% 0.26% −0.02
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.5% 0.59% −0.03
HPQ HP Inc. Add +0.0% 0.79% −0.06
AMGN Amgen Inc. Add +0.2% 0.66% −0.06
PFE Pfizer Inc. Add +1.7% 0.85% −0.09
ADM Archer-Daniels-Midland Co. Add +0.9% 0.53% −0.12
SCHA Schwab US Small-Cap ETF Add +0.4% 4.74% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 132$168.7MSCHX, SCHA, SCHF, JPM, INTC
Q1 2026 153$192.8MSCHX, SCHF, SCHA, JPM, MSFT
Q4 2025 155$195.2MSCHX, SCHF, SCHA, JPM, MSFT
Q3 2025 155$192.0MSCHX, SCHF, SCHA, JPM, MSFT
Q2 2025 155$178.9MSCHX, SCHF, SCHA, JPM, MSFT
Q1 2025 146$165.1MSCHX, SCHA, SCHF, UNH, JPM
Q4 2024 154$172.6MSCHX, SCHA, SCHF, JPM, UNH
Q3 2024 151$175.4MSCHX, SCHA, SCHF, UNH, MSFT
Q2 2024 148$164.9MSCHX, SCHA, SCHF, UNH, MSFT
Q1 2024 149$166.6MSCHX, SCHA, SCHF, UNH, MSFT