Athena Investment Management

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Athena Investment Management reported 148 stock positions worth $164.9 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.7% of the portfolio, followed by Schwab US Small-Cap ETF (SCHA, 4.6%) and Schwab Intl Equity ETF (SCHF, 4.4%). Compared with Q1 2024, it opened 3 new positions, sold out of 4, added to 15 and reduced 85. The biggest buy was a new position in General Electric (GE) and the biggest sale an exit from General Electric (GE).

Most Recent 13F
Q2 2026
Location
ORINDA, CA
CIK
0001921093
Portfolio Value
$164.9M (Q2 2024)
SEC Filing
0001921093-24-000003 ↗ filed Aug 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $166.6M Q1 2024 Q2 2024: $164.9M $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 148 stocks · $164.9M
SCHX Schwab US Large-Cap ETF 17.74% 455,233 $29.2M Reduce -2.5%
SCHA Schwab US Small-Cap ETF 4.64% 161,146 $7.6M Add +0.6%
SCHF Schwab Intl Equity ETF 4.39% 188,384 $7.2M Reduce -0.6%
UNH UnitedHealth Group Inc. 4.12% 13,344 $6.8M Reduce -1.9%
MSFT Microsoft Corp. 3.84% 14,175 $6.3M Reduce -1.5%
JPM JPMorgan Chase & Co. 3.35% 27,312 $5.5M Reduce -1.2%
AAPL Apple Inc. 2.19% 17,136 $3.6M Reduce -3.1%
SCHG Schwab US Large-Cap Growth 1.91% 31,234 $3.1M Add +0.3%
PEP Pepsico Inc. 1.64% 16,445 $2.7M Reduce -0.1%
HD Home Depot Inc. 1.45% 6,936 $2.4M Reduce -0.3%
SCHM Schwab US Mid Cap ETF 1.19% 25,266 $2.0M Add +2.0%
IWM iShares Russell 2000 ETF 1.19% 9,638 $2.0M No change
ABBV Abbvie Inc. 1.19% 11,397 $2.0M Reduce -0.3%
AFL Aflac Inc. 1.05% 19,441 $1.7M Reduce -1.5%
EFA iShares MSCI Eafe ETF 0.99% 20,869 $1.6M Reduce -0.1%
RTX RTX Corp. 0.95% 15,665 $1.6M Reduce -0.2%
INTC Intel Corp. 0.94% 50,252 $1.6M Reduce -0.2%
CVX Chevron Corp. 0.94% 9,893 $1.5M Reduce -0.7%
HPQ HP Inc. 0.91% 43,067 $1.5M Reduce -0.9%
PFE Pfizer Inc. 0.88% 52,012 $1.5M Add +1.4%
GE General Electric filed as GE AEROSPACE 0.87% 9,034 $1.4M New
XOM Exxon Mobil Corp. 0.86% 12,379 $1.4M Add +4.2%
KMB Kimberly-Clark Corp. 0.84% 10,062 $1.4M Reduce -1.1%
VDE Vanguard Energy ETF 0.81% 10,411 $1.3M Reduce -0.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.80% 7,661 $1.3M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.79% 3,221 $1.3M Reduce -1.8%
IVV iShares Core S&P 500 ETF 0.78% 2,363 $1.3M Reduce -1.3%
LLY Eli Lilly & Co. 0.78% 1,422 $1.3M Reduce -4.4%
JNJ Johnson & Johnson 0.76% 8,559 $1.3M Reduce -0.1%
PG The Procter & Gamble Co. 0.74% 7,381 $1.2M Reduce -8.8%
AMGN Amgen Inc. 0.73% 3,858 $1.2M Reduce -0.0%
BANKAMERICA CORP 0.72% 29,789 $1.2M Reduce -1.9%
NOC Northrop Grumman Corp. 0.71% 2,690 $1.2M No change
ABT Abbott Laboratories 0.69% 10,952 $1.1M Reduce -0.2%
QCOM Qualcomm Inc. 0.68% 5,590 $1.1M Reduce -3.9%
MCD McDonald's Corp. 0.67% 4,303 $1.1M Reduce -1.2%
VZ Verizon Communications Inc. 0.65% 25,952 $1.1M Reduce -0.9%
SCHE Schwab Emrg Mrkts Eqty ETF 0.64% 39,496 $1.0M Add +1.2%
MRK Merck & Co. Inc. 0.63% 8,420 $1.0M Reduce -1.7%
XLK SS Technology Select Sector 0.62% 4,510 $1.0M No change
SCHV Schwab US Large-Cap Value 0.58% 12,920 $957K No change
HPE Hewlett Packard Enterprise 0.56% 43,562 $922K Reduce -1.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.54% 2,394 $895K No change
NSC Norfolk Southern Corp. 0.53% 4,079 $876K Reduce -1.3%
AVGO Broadcom Inc. 0.52% 538 $864K Reduce -4.1%
ADM Archer-Daniels-Midland Co. 0.52% 14,280 $863K Add +1.6%
CSCO Cisco Systems Inc. 0.50% 17,317 $823K Add +4.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.49% 3,240 $809K No change
AT&T filed as AT&T CORP 0.49% 42,312 $809K Reduce -0.5%
TXN Texas Instruments Inc. 0.49% 4,117 $801K Reduce -0.7%
HON Honeywell International Inc. 0.48% 3,739 $798K Reduce -0.1%
ITW Illinois Tool Works 0.48% 3,367 $798K No change
QQQ Invesco QQQ Trust Series 1 0.47% 1,634 $783K No change
MPC Marathon Petroleum Corp. 0.47% 4,506 $782K Reduce -6.2%
GOOGL Alphabet Inc. Class A 0.47% 4,262 $776K Reduce -3.2%
WMT Walmart Inc. 0.46% 11,203 $759K Reduce -5.9%
RS Reliance Inc. 0.43% 2,505 $715K Reduce -3.3%
LHX L3HARRIS Technologies Inc. 0.42% 3,068 $689K No change
GS Goldman Sachs Group Inc. 0.41% 1,479 $669K Reduce -0.5%
BA The Boeing Co. 0.40% 3,631 $661K Reduce -0.3%
MCK McKesson Corp. 0.40% 1,126 $658K Reduce -5.1%
AMAT Applied Materials Inc. 0.39% 2,744 $648K Reduce -0.4%
CAT Caterpillar Inc. 0.39% 1,931 $643K Reduce -1.3%
EFX Equifax Inc. 0.39% 2,620 $635K No change
BMY Bristol-Myers Squibb Co. 0.38% 14,935 $620K Reduce -0.1%
AXP American Express Co. 0.38% 2,675 $619K Reduce -0.9%
XLY SS Consumer Disc Select Sect 0.37% 3,350 $611K No change
STZ Constellation Brands Inc. Class A 0.37% 2,358 $607K Reduce -0.2%
WFC Wells Fargo & Co. 0.35% 9,758 $580K Reduce -3.3%
NVDA Nvidia Corp. 0.35% 4,661 $576K Reduce -2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.35% 5,739 $570K No change
SCHW Schwab (charles) Corp. 0.34% 7,708 $568K No change
IJH iShares Core S&P Midcap ETF 0.34% 9,649 $565K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 1,006 $547K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.32% 2,135 $534K Add +1.9%
COP Conocophillips 0.32% 4,617 $528K Reduce -8.1%
DE Deere & Co. 0.31% 1,365 $510K No change
ADI Analog Devices Inc. 0.31% 2,229 $509K No change
MSI Motorola Solutions Inc. 0.29% 1,229 $474K No change
EFG iShares MSCI Eafe Growth ETF 0.28% 4,537 $464K Add +2.3%
PSX Phillips 66 0.28% 3,249 $459K Reduce -4.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 4,146 $456K Reduce -4.0%
ADP Automatic Data Processing 0.27% 1,894 $452K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.27% 1,839 $445K No change
IWO iShares Russell 2000 Growth 0.27% 1,694 $445K No change
VTRS Viatris Inc. 0.27% 41,813 $444K Reduce -1.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.27% 1,133 $443K No change
VHT Vanguard Health Care ETF 0.27% 1,654 $440K Reduce -4.8%
MDT Medtronic Inc 0.26% 5,488 $432K No change
APH Amphenol Corp. Class A 0.26% 6,338 $427K Reduce -4.7%
CARR Carrier Global Corp. 0.26% 6,714 $424K Reduce -0.1%
NEE Nextera Energy Inc. 0.26% 5,958 $422K No change
WTM White Mountains Insurance GP 0.26% 232 $422K Reduce -0.8%
OXY Occidental Petroleum Corp. 0.25% 6,622 $417K Reduce -0.1%
KMPR Kemper Corp. 0.25% 7,010 $416K No change
SCZ iShares MSCI Eafe Small-Cap 0.25% 6,645 $410K Reduce -4.6%
IYH iShares U.S. Healthcare ETF 0.24% 6,540 $401K No change
TRV The Travelers Cos Inc. 0.24% 1,963 $399K Reduce -0.1%
CVS CVS Health Corp. 0.24% 6,621 $391K Add +1.2%
GOOG Alphabet Inc. Class C 0.24% 2,131 $391K Reduce -2.8%
SYK Stryker Corp. 0.23% 1,130 $384K Reduce -1.3%
CMCSA Comcast Corp. Class A 0.23% 9,757 $382K Reduce -0.6%
GEV GE Vernova Inc. 0.23% 2,219 $381K New
ETN Eaton Corp. PLC 0.23% 1,201 $377K Reduce -3.4%
AVY Avery Dennison Corp. 0.22% 1,690 $370K Reduce -9.3%
CEG Constellation Energy 0.22% 1,845 $369K Reduce -1.7%
ORCL Oracle Corp. 0.22% 2,589 $366K Reduce -3.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.22% 1,998 $365K No change
A Agilent Technologies Inc. 0.22% 2,756 $357K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.21% 3,693 $352K No change
FWONA Liberty Media Corp.-Liberty-A 0.21% 5,333 $343K Reduce -2.4%
SYY Sysco Corp. 0.19% 4,470 $319K Add +2.3%
K Kellanova 0.19% 5,509 $318K Reduce -2.1%
APD Air Products & Chemicals Inc. 0.19% 1,202 $310K No change
DOW Dow Inc. 0.18% 5,610 $298K Reduce -0.3%
ALL Allstate Corp. 0.18% 1,863 $297K Reduce -2.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.18% 4,959 $294K Add +3.1%
VEA Vanguard Ftse Developed ETF 0.17% 5,700 $282K No change
KO The Coca-Cola Co. 0.17% 4,350 $277K Reduce -0.6%
CAH Cardinal Health Inc. 0.16% 2,671 $263K No change
LOW Lowe's Cos Inc. 0.16% 1,188 $262K No change
CNP Centerpoint Energy Inc. 0.16% 8,434 $261K Reduce -1.7%
GPN Global Payments Inc. 0.16% 2,702 $261K No change
DD Dupont DE Nemours Inc. 0.16% 3,209 $258K Reduce -0.3%
SO The Southern Co. 0.15% 3,223 $250K Reduce -12.0%
KEYS Keysight Technologies Inc. 0.15% 1,826 $250K Add +0.8%
ACN Accenture PLC Class A 0.15% 822 $249K No change
VIS Vanguard Industrials ETF 0.15% 1,030 $242K No change
VLO Valero Energy Corp. 0.14% 1,515 $237K Reduce -2.3%
GEHC GE Healthcare Technology 0.14% 3,021 $235K Reduce -0.6%
WY Weyerhaeuser Co. 0.14% 8,259 $234K Reduce -1.2%
TT Trane Technologies PLC 0.14% 700 $230K Reduce -1.6%
UNP Union Pacific Corp. 0.14% 1,002 $227K No change
GD General Dynamics Corp. 0.14% 776 $225K Reduce -3.1%
PCG P G & E Corp. 0.14% 12,839 $224K No change
XLF SS Financial Select Sector 0.13% 5,400 $222K No change
AMZN Amazon.com Inc. 0.13% 1,141 $220K No change
IWB iShares Russell 1000 ETF 0.13% 734 $219K No change
IYG iShares U.S. Financial Servi 0.13% 3,345 $218K No change
D Dominion Energy Inc. 0.13% 4,426 $217K Reduce -1.1%
SYF Synchrony Financial 0.13% 4,501 $212K Reduce -28.2%
LH Laboratory CRP of Amer Hldgs 0.13% 1,040 $212K Add +4.8%
COST Costco Wholesale Corp. 0.12% 240 $204K New
HXL Hexcel Corp. 0.12% 3,241 $202K No change
IWN iShares Russell 2000 Value E 0.12% 1,325 $202K No change
CTVA Corteva Inc. 0.12% 3,729 $201K Reduce -0.2%
GT Goodyear Tire & Rubber Co. 0.11% 15,872 $180K Reduce -1.9%
HBI Hanesbrands Inc. 0.06% 19,394 $96K No change

Portfolio Sells Q1 2024 → Q2 2024
GE General Electric Company Sold out 0.00% −0.96
INTC Intel Corp. Reduce -0.2% 0.94% −0.39
HD Home Depot Inc. Reduce -0.3% 1.45% −0.15
WHR Whirlpool Corp. Sold out 0.00% −0.13
CRM Salesforce Inc. Sold out 0.00% −0.13
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.12
BMY Bristol-Myers Squibb Co. Reduce -0.1% 0.38% −0.11
MPC Marathon Petroleum Corp. Reduce -6.2% 0.47% −0.11
NSC Norfolk Southern Corp. Reduce -1.3% 0.53% −0.10
RS Reliance Inc. Reduce -3.3% 0.43% −0.09
PEP Pepsico Inc. Reduce -0.1% 1.64% −0.08
IBM Intl Business Machines Corp. Reduce -0.1% 0.80% −0.07
MCD McDonald's Corp. Reduce -1.2% 0.67% −0.07
COP Conocophillips Reduce -8.1% 0.32% −0.06
ABBV Abbvie Inc. Reduce -0.3% 1.19% −0.06
ABT Abbott Laboratories Reduce -0.2% 0.69% −0.06
JNJ Johnson & Johnson Reduce -0.1% 0.76% −0.05
PSX Phillips 66 Reduce -4.1% 0.28% −0.05
PG The Procter & Gamble Co. Reduce -8.8% 0.74% −0.05
SCHF Schwab Intl Equity ETF Reduce -0.6% 4.39% −0.05
MRK Merck & Co. Inc. Reduce -1.7% 0.63% −0.05
CAT Caterpillar Inc. Reduce -1.3% 0.39% −0.04
WY Weyerhaeuser Co. Reduce -1.2% 0.14% −0.04
SYF Synchrony Financial Reduce -28.2% 0.13% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 0.79% −0.03
VTRS Viatris Inc. Reduce -1.0% 0.27% −0.03
TRV The Travelers Cos Inc. Reduce -0.1% 0.24% −0.03
AVY Avery Dennison Corp. Reduce -9.3% 0.22% −0.03
VDE Vanguard Energy ETF Reduce -0.9% 0.81% −0.02
GT Goodyear Tire & Rubber Co. Reduce -1.9% 0.11% −0.02
CMCSA Comcast Corp. Class A Reduce -0.6% 0.23% −0.02
GEHC GE Healthcare Technology Reduce -0.6% 0.14% −0.02
BA The Boeing Co. Reduce -0.3% 0.40% −0.02
ALL Allstate Corp. Reduce -2.8% 0.18% −0.02
STZ Constellation Brands Inc. Class A Reduce -0.2% 0.37% −0.02
SCZ iShares MSCI Eafe Small-Cap Reduce -4.6% 0.25% −0.02
VHT Vanguard Health Care ETF Reduce -4.8% 0.27% −0.02
DOW Dow Inc. Reduce -0.3% 0.18% −0.02
VLO Valero Energy Corp. Reduce -2.3% 0.14% −0.01
SYK Stryker Corp. Reduce -1.3% 0.23% −0.01
VZ Verizon Communications Inc. Reduce -0.9% 0.65% −0.01
EFA iShares MSCI Eafe ETF Reduce -0.1% 0.99% −0.01
CTVA Corteva Inc. Reduce -0.2% 0.12% −0.01
SO The Southern Co. Reduce -12.0% 0.15% −0.01
OXY Occidental Petroleum Corp. Reduce -0.1% 0.25% −0.01
ETN Eaton Corp. PLC Reduce -3.4% 0.23% −0.00
CVX Chevron Corp. Reduce -0.7% 0.94% −0.00
K Kellanova Reduce -2.1% 0.19% −0.00
D Dominion Energy Inc. Reduce -1.1% 0.13% −0.00
WFC Wells Fargo & Co. Reduce -3.3% 0.35% +0.00

Portfolio Buys Q1 2024 → Q2 2024
GE General Electric New 0.87% +0.87
GEV GE Vernova Inc. New 0.23% +0.23
SCHG Schwab US Large-Cap Growth Add +0.3% 1.91% +0.18
COST Costco Wholesale Corp. New 0.12% +0.12
SCHE Schwab Emrg Mrkts Eqty ETF Add +1.2% 0.64% +0.04
XOM Exxon Mobil Corp. Add +4.2% 0.86% +0.04
PFE Pfizer Inc. Add +1.4% 0.88% +0.03
EMXC iShares MSCI Emr MRK Ex Chna Add +3.1% 0.18% +0.01
EFG iShares MSCI Eafe Growth ETF Add +2.3% 0.28% +0.01
CSCO Cisco Systems Inc. Add +4.5% 0.50% +0.00
LH Laboratory CRP of Amer Hldgs Add +4.8% 0.13% −0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Add +1.9% 0.32% −0.00
ADM Archer-Daniels-Midland Co. Add +1.6% 0.52% −0.01
SCHM Schwab US Mid Cap ETF Add +2.0% 1.19% −0.02
KEYS Keysight Technologies Inc. Add +0.8% 0.15% −0.02
SYY Sysco Corp. Add +2.3% 0.19% −0.02
CVS CVS Health Corp. Add +1.2% 0.24% −0.08
SCHA Schwab US Small-Cap ETF Add +0.6% 4.64% −0.10

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