Athena Investment Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Athena Investment Management reported 151 stock positions worth $175.4 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.5% of the portfolio, followed by Schwab US Small-Cap ETF (SCHA, 4.7%) and Schwab Intl Equity ETF (SCHF, 4.5%). Compared with Q2 2024, it opened 6 new positions, sold out of 3, added to 26 and reduced 56. 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
$175.4M (Q3 2024)
SEC Filing
0001921093-24-000004 ↗ filed Nov 12, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $166.6M Q1 2024 Q2 2024: $164.9M Q2 2024 Q3 2024: $175.4M $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 151 stocks · $175.4M
SCHX Schwab US Large-Cap ETF 17.52% 452,900 $30.7M Reduce -0.5%
SCHA Schwab US Small-Cap ETF 4.74% 161,488 $8.3M Add +0.2%
SCHF Schwab Intl Equity ETF 4.49% 191,480 $7.9M Add +1.6%
UNH UnitedHealth Group Inc. 4.20% 12,611 $7.4M Reduce -5.5%
MSFT Microsoft Corp. 3.47% 14,144 $6.1M Reduce -0.2%
JPM JPMorgan Chase & Co. 3.22% 26,812 $5.7M Reduce -1.8%
AAPL Apple Inc. 2.26% 16,989 $4.0M Reduce -0.9%
SCHG Schwab US Large-Cap Growth 1.86% 31,380 $3.3M Add +0.5%
PEP Pepsico Inc. 1.59% 16,441 $2.8M Reduce -0.0%
HD Home Depot Inc. 1.53% 6,629 $2.7M Reduce -4.4%
ABBV Abbvie Inc. 1.28% 11,389 $2.2M Reduce -0.1%
SCHM Schwab US Mid Cap ETF 1.23% 25,910 $2.2M Add +2.5%
AFL Aflac Inc. 1.22% 19,138 $2.1M Reduce -1.6%
IWM iShares Russell 2000 ETF 1.21% 9,638 $2.1M No change
RTX RTX Corp. 1.08% 15,665 $1.9M No change
EFA iShares MSCI Eafe ETF 0.99% 20,869 $1.7M No change
GE General Electric Company 0.96% 8,961 $1.7M New
HPQ HP Inc. 0.88% 42,984 $1.5M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.88% 6,971 $1.5M Reduce -9.0%
PFE Pfizer Inc. 0.86% 52,177 $1.5M Add +0.3%
CVX Chevron Corp. 0.86% 10,243 $1.5M Add +3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.85% 3,232 $1.5M Add +0.3%
XOM Exxon Mobil Corp. 0.83% 12,373 $1.5M Reduce -0.1%
KMB Kimberly-Clark Corp. 0.82% 10,062 $1.4M No change
NOC Northrop Grumman Corp. 0.81% 2,690 $1.4M No change
JNJ Johnson & Johnson 0.79% 8,559 $1.4M No change
IVV iShares Core S&P 500 ETF 0.78% 2,363 $1.4M No change
MCD McDonald's Corp. 0.74% 4,253 $1.3M Reduce -1.2%
VDE Vanguard Energy ETF 0.72% 10,386 $1.3M Reduce -0.2%
LLY Eli Lilly & Co. 0.71% 1,413 $1.3M Reduce -0.6%
ABT Abbott Laboratories 0.71% 10,952 $1.2M No change
AMGN Amgen Inc. 0.71% 3,849 $1.2M Reduce -0.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.71% 42,429 $1.2M Add +7.4%
PG The Procter & Gamble Co. 0.70% 7,136 $1.2M Reduce -3.3%
INTC Intel Corp. 0.67% 49,922 $1.2M Reduce -0.7%
BANKAMERICA CORP 0.67% 29,419 $1.2M Reduce -1.2%
VZ Verizon Communications Inc. 0.66% 25,732 $1.2M Reduce -0.8%
SCHV Schwab US Large-Cap Value 0.60% 13,195 $1.1M Add +2.1%
AVGO Broadcom Inc. 0.58% 5,943 $1.0M Add +10.5%
XLK SS Technology Select Sector 0.58% 4,510 $1.0M No change
AT&T filed as AT&T CORP 0.57% 45,510 $1.0M Add +7.6%
QCOM Qualcomm Inc. 0.55% 5,650 $961K Add +1.1%
NSC Norfolk Southern Corp. 0.55% 3,863 $960K Reduce -5.3%
MRK Merck & Co. Inc. 0.55% 8,420 $956K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.53% 2,420 $929K Add +1.1%
CSCO Cisco Systems Inc. 0.53% 17,427 $927K Add +0.6%
HPE Hewlett Packard Enterprise 0.51% 43,432 $889K Reduce -0.3%
ITW Illinois Tool Works 0.50% 3,357 $880K Reduce -0.3%
WMT Walmart Inc. 0.50% 10,850 $876K Reduce -3.1%
ADM Archer-Daniels-Midland Co. 0.50% 14,661 $876K Add +2.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.49% 3,240 $853K No change
QQQ Invesco QQQ Trust Series 1 0.45% 1,634 $798K No change
TXN Texas Instruments Inc. 0.45% 3,803 $786K Reduce -7.6%
GOOGL Alphabet Inc. Class A 0.45% 4,725 $784K Add +10.9%
HON Honeywell International Inc. 0.44% 3,739 $773K No change
BMY Bristol-Myers Squibb Co. 0.44% 14,915 $772K Reduce -0.1%
EFX Equifax Inc. 0.43% 2,590 $761K Reduce -1.1%
MPC Marathon Petroleum Corp. 0.42% 4,506 $734K No change
GS Goldman Sachs Group Inc. 0.42% 1,476 $731K Reduce -0.2%
LHX L3HARRIS Technologies Inc. 0.42% 3,068 $730K No change
RS Reliance Inc. 0.41% 2,505 $724K No change
CAT Caterpillar Inc. 0.41% 1,846 $722K Reduce -4.4%
AXP American Express Co. 0.41% 2,627 $712K Reduce -1.8%
XLY SS Consumer Disc Select Sect 0.38% 3,350 $671K No change
STZ Constellation Brands Inc. Class A 0.35% 2,358 $608K No change
IJH iShares Core S&P Midcap ETF 0.34% 9,651 $601K Add +0.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.33% 2,165 $579K Add +1.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 1,006 $577K No change
NVDA Nvidia Corp. 0.32% 4,661 $566K No change
GEV GE Vernova Inc. 0.32% 2,217 $565K Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.32% 5,831 $561K Add +1.6%
DE Deere & Co. 0.31% 1,323 $552K Reduce -3.1%
BA The Boeing Co. 0.31% 3,631 $552K No change
WFC Wells Fargo & Co. 0.31% 9,758 $551K No change
MSI Motorola Solutions Inc. 0.31% 1,222 $549K Reduce -0.6%
AMAT Applied Materials Inc. 0.31% 2,701 $546K Reduce -1.6%
CARR Carrier Global Corp. 0.31% 6,714 $540K No change
ADP Automatic Data Processing 0.29% 1,866 $516K Reduce -1.5%
ADI Analog Devices Inc. 0.29% 2,229 $513K No change
NEE Nextera Energy Inc. 0.29% 5,958 $504K No change
SCHW Schwab (charles) Corp. 0.28% 7,708 $500K No change
MDT Medtronic Inc 0.28% 5,488 $494K No change
MCK McKesson Corp. 0.28% 989 $489K Reduce -12.2%
EFG iShares MSCI Eafe Growth ETF 0.28% 4,537 $488K No change
COP Conocophillips 0.28% 4,617 $486K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.28% 1,839 $485K No change
VTRS Viatris Inc. 0.28% 41,755 $485K Reduce -0.1%
CEG Constellation Energy 0.27% 1,852 $482K Add +0.4%
IWO iShares Russell 2000 Growth 0.27% 1,694 $481K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.27% 1,133 $479K No change
VHT Vanguard Health Care ETF 0.27% 1,677 $473K Add +1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.27% 3,995 $470K Reduce -3.6%
TRV The Travelers Cos Inc. 0.26% 1,963 $460K No change
SCZ iShares MSCI Eafe Small-Cap 0.26% 6,645 $450K No change
K Kellanova 0.25% 5,394 $435K Reduce -2.1%
PSX Phillips 66 0.24% 3,249 $427K No change
IYH iShares U.S. Healthcare ETF 0.24% 6,546 $425K Add +0.1%
ORCL Oracle Corp. 0.24% 2,489 $424K Reduce -3.9%
CVS CVS Health Corp. 0.24% 6,621 $416K No change
APH Amphenol Corp. Class A 0.23% 6,298 $410K Reduce -0.6%
A Agilent Technologies Inc. 0.23% 2,756 $409K No change
CMCSA Comcast Corp. Class A 0.23% 9,733 $407K Reduce -0.3%
SYK Stryker Corp. 0.23% 1,124 $406K Reduce -0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.23% 1,998 $401K No change
DOW Dow Inc. 0.23% 7,260 $397K Add +29.4%
WTM White Mountains Insurance GP 0.22% 232 $394K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.22% 3,693 $388K No change
KMPR Kemper Corp. 0.22% 6,310 $386K Reduce -10.0%
ETN Eaton Corp. PLC 0.22% 1,151 $381K Reduce -4.2%
FWONA Liberty Media Corp.-Liberty-A 0.22% 5,327 $381K Reduce -0.1%
AVY Avery Dennison Corp. 0.21% 1,690 $373K No change
APD Air Products & Chemicals Inc. 0.20% 1,202 $358K No change
GOOG Alphabet Inc. Class C 0.20% 2,131 $356K No change
SYY Sysco Corp. 0.20% 4,482 $350K Add +0.3%
ALL Allstate Corp. 0.20% 1,807 $343K Reduce -3.0%
OXY Occidental Petroleum Corp. 0.19% 6,622 $341K No change
KEYS Keysight Technologies Inc. 0.18% 2,036 $324K Add +11.5%
LOW Lowe's Cos Inc. 0.18% 1,188 $322K No change
KO The Coca-Cola Co. 0.18% 4,300 $309K Reduce -1.1%
EMXC iShares MSCI Emr MRK Ex Chna 0.17% 4,959 $303K No change
VEA Vanguard Ftse Developed ETF 0.17% 5,700 $301K No change
CAH Cardinal Health Inc. 0.17% 2,662 $294K Reduce -0.3%
ACN Accenture PLC Class A 0.16% 809 $286K Reduce -1.6%
DD Dupont DE Nemours Inc. 0.16% 3,209 $286K No change
GEHC GE Healthcare Technology 0.16% 3,012 $283K Reduce -0.3%
SO The Southern Co. 0.16% 3,123 $282K Reduce -3.1%
GPN Global Payments Inc. 0.16% 2,702 $277K No change
TT Trane Technologies PLC 0.16% 709 $276K Add +1.3%
WY Weyerhaeuser Co. 0.16% 8,134 $275K Reduce -1.5%
VIS Vanguard Industrials ETF 0.15% 1,030 $268K No change
PCG P G & E Corp. 0.14% 12,679 $251K Reduce -1.3%
CNP Centerpoint Energy Inc. 0.14% 8,434 $248K No change
D Dominion Energy Inc. 0.14% 4,288 $248K Reduce -3.1%
UNP Union Pacific Corp. 0.14% 1,002 $247K No change
XLF SS Financial Select Sector 0.14% 5,400 $245K No change
IYG iShares U.S. Financial Servi 0.14% 3,345 $238K No change
GD General Dynamics Corp. 0.13% 776 $235K No change
LH Labcorp Holdings Inc. 0.13% 1,044 $233K New
IWB iShares Russell 1000 ETF 0.13% 734 $231K No change
VSS Vanguard Ftse All Wo X-US SC 0.13% 1,800 $227K New
IWN iShares Russell 2000 Value E 0.13% 1,325 $221K No change
CTVA Corteva Inc. 0.13% 3,729 $219K No change
AMZN Amazon.com Inc. 0.12% 1,141 $213K No change
COST Costco Wholesale Corp. 0.12% 235 $208K Reduce -2.1%
IWR iShares Russell Mid-Cap ETF 0.12% 2,355 $208K New
MS Morgan Stanley 0.12% 1,978 $206K New
VLO Valero Energy Corp. 0.12% 1,515 $205K No change
VIG Vanguard Dividend Apprec ETF 0.12% 1,025 $203K New
HXL Hexcel Corp. 0.11% 3,241 $200K No change
HBI Hanesbrands Inc. 0.08% 19,394 $143K No change
GT Goodyear Tire & Rubber Co. 0.08% 15,872 $140K No change

Portfolio Sells Q2 2024 → Q3 2024
GE General Electric Sold out 0.00% −0.87
MSFT Microsoft Corp. Reduce -0.2% 3.47% −0.37
INTC Intel Corp. Reduce -0.7% 0.67% −0.28
SCHX Schwab US Large-Cap ETF Reduce -0.5% 17.52% −0.22
SYF Synchrony Financial Sold out 0.00% −0.13
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.13
JPM JPMorgan Chase & Co. Reduce -1.8% 3.22% −0.13
MCK McKesson Corp. Reduce -12.2% 0.28% −0.12
AMAT Applied Materials Inc. Reduce -1.6% 0.31% −0.08
VDE Vanguard Energy ETF Reduce -0.2% 0.72% −0.08
LLY Eli Lilly & Co. Reduce -0.6% 0.71% −0.07
BANKAMERICA CORP Reduce -1.2% 0.67% −0.05
HPE Hewlett Packard Enterprise Reduce -0.3% 0.51% −0.05
PEP Pepsico Inc. Reduce -0.0% 1.59% −0.05
TXN Texas Instruments Inc. Reduce -7.6% 0.45% −0.04
XOM Exxon Mobil Corp. Reduce -0.1% 0.83% −0.04
HPQ HP Inc. Reduce -0.2% 0.88% −0.04
PG The Procter & Gamble Co. Reduce -3.3% 0.70% −0.03
KMPR Kemper Corp. Reduce -10.0% 0.22% −0.03
APH Amphenol Corp. Class A Reduce -0.6% 0.23% −0.03
AMGN Amgen Inc. Reduce -0.2% 0.71% −0.02
ETN Eaton Corp. PLC Reduce -4.2% 0.22% −0.01
TJX TJX Companies Inc. Reduce -3.6% 0.27% −0.01
COST Costco Wholesale Corp. Reduce -2.1% 0.12% −0.01
SYK Stryker Corp. Reduce -0.5% 0.23% −0.00
CMCSA Comcast Corp. Class A Reduce -0.3% 0.23% 0.00
DE Deere & Co. Reduce -3.1% 0.31% +0.01
VTRS Viatris Inc. Reduce -0.1% 0.28% +0.01
PCG P G & E Corp. Reduce -1.3% 0.14% +0.01
KO The Coca-Cola Co. Reduce -1.1% 0.18% +0.01
CAH Cardinal Health Inc. Reduce -0.3% 0.17% +0.01
SO The Southern Co. Reduce -3.1% 0.16% +0.01
FWONA Liberty Media Corp.-Liberty-A Reduce -0.1% 0.22% +0.01
D Dominion Energy Inc. Reduce -3.1% 0.14% +0.01
VZ Verizon Communications Inc. Reduce -0.8% 0.66% +0.01
GS Goldman Sachs Group Inc. Reduce -0.2% 0.42% +0.01
ACN Accenture PLC Class A Reduce -1.6% 0.16% +0.01
WY Weyerhaeuser Co. Reduce -1.5% 0.16% +0.01
ALL Allstate Corp. Reduce -3.0% 0.20% +0.01
NSC Norfolk Southern Corp. Reduce -5.3% 0.55% +0.02
ITW Illinois Tool Works Reduce -0.3% 0.50% +0.02
GEHC GE Healthcare Technology Reduce -0.3% 0.16% +0.02
ORCL Oracle Corp. Reduce -3.9% 0.24% +0.02
ADP Automatic Data Processing Reduce -1.5% 0.29% +0.02
CAT Caterpillar Inc. Reduce -4.4% 0.41% +0.02
MSI Motorola Solutions Inc. Reduce -0.6% 0.31% +0.03
AXP American Express Co. Reduce -1.8% 0.41% +0.03
WMT Walmart Inc. Reduce -3.1% 0.50% +0.04
EFX Equifax Inc. Reduce -1.1% 0.43% +0.05
K Kellanova Reduce -2.1% 0.25% +0.06

Portfolio Buys Q2 2024 → Q3 2024
GE General Electric Company New 0.96% +0.96
LH Labcorp Holdings Inc. New 0.13% +0.13
VSS Vanguard Ftse All Wo X-US SC New 0.13% +0.13
IWR iShares Russell Mid-Cap ETF New 0.12% +0.12
MS Morgan Stanley New 0.12% +0.12
VIG Vanguard Dividend Apprec ETF New 0.12% +0.12
SCHA Schwab US Small-Cap ETF Add +0.2% 4.74% +0.10
SCHF Schwab Intl Equity ETF Add +1.6% 4.49% +0.10
AT&T Add +7.6% 0.57% +0.08
SCHE Schwab Emrg Mrkts Eqty ETF Add +7.4% 0.71% +0.07
AVGO Broadcom Inc. Add +10.5% 0.58% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 0.85% +0.05
CEG Constellation Energy Add +0.4% 0.27% +0.05
DOW Dow Inc. Add +29.4% 0.23% +0.05
SCHM Schwab US Mid Cap ETF Add +2.5% 1.23% +0.03
KEYS Keysight Technologies Inc. Add +11.5% 0.18% +0.03
CSCO Cisco Systems Inc. Add +0.6% 0.53% +0.03
SCHV Schwab US Large-Cap Value Add +2.1% 0.60% +0.02
TT Trane Technologies PLC Add +1.3% 0.16% +0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Add +1.4% 0.33% +0.01
SYY Sysco Corp. Add +0.3% 0.20% +0.01
VHT Vanguard Health Care ETF Add +1.4% 0.27% +0.00
IJH iShares Core S&P Midcap ETF Add +0.0% 0.34% +0.00
IYH iShares U.S. Healthcare ETF Add +0.1% 0.24% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +1.1% 0.53% −0.01
PFE Pfizer Inc. Add +0.3% 0.86% −0.02
GOOGL Alphabet Inc. Class A Add +10.9% 0.45% −0.02
ADM Archer-Daniels-Midland Co. Add +2.7% 0.50% −0.02
DIS The Walt Disney Co. Add +1.6% 0.32% −0.03
SCHG Schwab US Large-Cap Growth Add +0.5% 1.86% −0.05
CVX Chevron Corp. Add +3.5% 0.86% −0.08
QCOM Qualcomm Inc. Add +1.1% 0.55% −0.13

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