Athena Investment Management

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Athena Investment Management reported 153 stock positions worth $192.8 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 17.4% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 4.8%) and Schwab US Small-Cap ETF (SCHA, 4.5%). Compared with Q4 2025, it opened 3 new positions, sold out of 5, added to 17 and reduced 46. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +39%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
ORINDA, CA
CIK
0001921093
Portfolio Value
$192.8M (Q1 2026)
SEC Filing
0001921093-26-000002 ↗ filed May 12, 2026

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 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 $192.8M Q1 2026 Q2 2026: $168.7M Q2 2026

Holdings 153 stocks · $192.8M
SCHX Schwab US Large-Cap ETF 17.38% 1,306,822 $33.5M Add +0.0%
SCHF Schwab Intl Equity ETF 4.81% 374,609 $9.3M Add +0.0%
SCHA Schwab US Small-Cap ETF 4.50% 298,444 $8.7M Reduce -0.4%
JPM JPMorgan Chase & Co. 3.70% 24,274 $7.1M Reduce -0.0%
MSFT Microsoft Corp. 2.67% 13,924 $5.2M Reduce -0.2%
AAPL Apple Inc. 2.24% 17,013 $4.3M Reduce -0.1%
SCHG Schwab US Large-Cap Growth 1.95% 129,336 $3.8M Add +0.8%
UNH UnitedHealth Group Inc. 1.73% 12,353 $3.3M No change
RTX RTX Corp. 1.53% 15,261 $2.9M Reduce -0.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.40% 9,063 $2.7M Add +19.4%
SCHM Schwab US Mid Cap ETF 1.34% 83,744 $2.6M Add +0.9%
ABBV Abbvie Inc. 1.28% 11,340 $2.5M No change
IWM iShares Russell 2000 ETF 1.24% 9,629 $2.4M No change
GE General Electric Company filed as GE AEROSPACE 1.23% 8,339 $2.4M Reduce -0.3%
PEP Pepsico Inc. 1.16% 14,387 $2.2M Reduce -12.2%
CVX Chevron Corp. 1.12% 10,403 $2.2M Reduce -2.7%
AVGO Broadcom Inc. 1.09% 6,787 $2.1M Add +6.9%
XOM Exxon Mobil Corp. 1.07% 12,198 $2.1M Reduce -0.2%
EFA iShares MSCI Eafe ETF 1.05% 20,869 $2.0M No change
JNJ Johnson & Johnson 1.04% 8,180 $2.0M Reduce -2.8%
INTC Intel Corp. 1.03% 44,865 $2.0M Reduce -0.6%
HD Home Depot Inc. 1.02% 5,982 $2.0M Reduce -4.8%
AFL Aflac Inc. 0.99% 17,351 $1.9M Reduce -1.8%
VDE Vanguard Energy ETF 0.96% 10,642 $1.8M Reduce -0.6%
NOC Northrop Grumman Corp. 0.96% 2,699 $1.8M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.87% 3,843 $1.7M Add +7.8%
VEA Vanguard Ftse Developed ETF 0.86% 25,878 $1.7M Add +38.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.81% 6,435 $1.6M No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.80% 46,564 $1.5M Add +0.2%
IVV iShares Core S&P 500 ETF 0.78% 2,307 $1.5M No change
PFE Pfizer Inc. 0.76% 52,302 $1.5M No change
BANKAMERICA CORP 0.74% 29,419 $1.4M No change
GOOGL Alphabet Inc. Class A 0.72% 4,813 $1.4M Reduce -0.3%
AMGN Amgen Inc. 0.71% 3,883 $1.4M No change
VZ Verizon Communications Inc. 0.69% 26,676 $1.3M Reduce -0.6%
CSCO Cisco Systems Inc. 0.67% 16,618 $1.3M Reduce -1.1%
AT&T filed as AT&T CORP 0.67% 44,371 $1.3M Reduce -2.4%
MCD McDonald's Corp. 0.64% 3,980 $1.2M No change
BRK.B Berkshire Hathaway Inc. Class B 0.63% 2,528 $1.2M Reduce -0.8%
XLK SS Technology Select Sector 0.62% 9,020 $1.2M No change
LLY Eli Lilly & Co. 0.61% 1,281 $1.2M No change
SCHV Schwab US Large-Cap Value 0.61% 38,510 $1.2M No change
ABT Abbott Laboratories 0.56% 10,497 $1.1M No change
MRK Merck & Co. Inc. 0.55% 8,777 $1.1M No change
LHX L3HARRIS Technologies Inc. 0.54% 3,036 $1.0M No change
WMT Walmart Inc. 0.54% 8,369 $1.0M Add +25.7%
AMAT Applied Materials Inc. 0.54% 3,028 $1.0M Reduce -5.0%
HPE Hewlett Packard Enterprise 0.54% 43,432 $1.0M No change
NSC Norfolk Southern Corp. 0.53% 3,543 $1.0M No change
ADM Archer-Daniels-Midland Co. 0.52% 13,670 $994K Reduce -5.8%
VTRS Viatris Inc. 0.51% 72,134 $975K Add +12.9%
KMB Kimberly-Clark Corp. 0.50% 10,019 $966K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.49% 3,295 $946K Add +6.7%
VB Vanguard Most SM-Cap ETF-Usd 0.49% 3,581 $938K Add +22.7%
PG The Procter & Gamble Co. 0.48% 6,378 $921K No change
BMY Bristol-Myers Squibb Co. 0.48% 15,115 $917K No change
CAT Caterpillar Inc. 0.47% 1,287 $912K Reduce -12.2%
HON Honeywell International Inc. 0.46% 3,897 $881K Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.45% 1,491 $861K No change
MPC Marathon Petroleum Corp. 0.44% 3,460 $845K Reduce -12.0%
HPQ HP Inc. 0.42% 42,105 $809K No change
NVDA Nvidia Corp. 0.41% 4,559 $795K No change
WFC Wells Fargo & Co. 0.40% 9,635 $767K No change
VHT Vanguard Health Care ETF 0.40% 2,803 $763K Reduce -0.0%
APH Amphenol Corp. Class A 0.39% 6,023 $761K No change
XLY SS Consumer Disc Select Sect 0.38% 6,700 $730K No change
SCHW Schwab (charles) Corp. 0.38% 7,708 $724K No change
QCOM Qualcomm Inc. 0.37% 5,610 $722K No change
ADI Analog Devices Inc. 0.37% 2,266 $721K No change
BA The Boeing Co. 0.37% 3,606 $718K No change
RS Reliance Inc. 0.37% 2,344 $712K Reduce -3.3%
DE Deere & Co. 0.37% 1,258 $709K Reduce -3.0%
TXN Texas Instruments Inc. 0.37% 3,643 $707K No change
VXUS Vanguard Total Intl Stock 0.36% 9,018 $695K Add +14.1%
GEV GE Vernova Inc. 0.34% 751 $656K Reduce -19.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.34% 1,005 $653K No change
COP Conocophillips 0.33% 4,874 $643K Reduce -1.4%
ITW Illinois Tool Works 0.33% 2,453 $638K Reduce -20.5%
IJH iShares Core S&P Midcap ETF 0.33% 9,388 $634K Reduce -0.7%
SCZ iShares MSCI Eafe Small-Cap 0.30% 7,380 $579K Reduce -3.4%
KEYS Keysight Technologies Inc. 0.30% 2,029 $573K Reduce -0.3%
AXP American Express Co. 0.29% 1,871 $566K Reduce -5.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 5,866 $565K Add +2.7%
GS Goldman Sachs Group Inc. 0.28% 635 $537K Reduce -6.3%
GOOG Alphabet Inc. Class C 0.28% 1,856 $532K No change
IWO iShares Russell 2000 Growth 0.28% 1,694 $532K No change
NEE Nextera Energy Inc. 0.28% 5,713 $531K No change
VWO Vanguard Ftse Emerging Marke 0.27% 9,614 $520K Add +9.0%
EFG iShares MSCI Eafe Growth ETF 0.27% 4,619 $514K No change
MSI Motorola Solutions Inc. 0.26% 1,173 $509K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.26% 1,078 $499K No change
PSX Phillips 66 0.26% 2,705 $493K Reduce -14.4%
WTM White Mountains Insurance GP 0.26% 224 $492K Reduce -2.2%
CEG Constellation Energy 0.25% 1,729 $483K No change
MDT Medtronic Inc 0.25% 5,458 $473K No change
EFX Equifax Inc. 0.24% 2,608 $470K No change
CVS CVS Health Corp. 0.24% 6,479 $465K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.23% 1,450 $438K Reduce -8.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.23% 1,998 $434K No change
IYH iShares U.S. Healthcare ETF 0.21% 6,546 $403K No change

Show all 153 holdings

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.2% 2.67% −0.78
JPM JPMorgan Chase & Co. Reduce -0.0% 3.70% −0.30
MCK McKesson Corp. Sold out 0.00% −0.19
AAPL Apple Inc. Reduce -0.1% 2.24% −0.13
KMPR Kemper Corp. Sold out 0.00% −0.13
ETN Eaton Corp. PLC Sold out 0.00% −0.11
GPN Global Payments Inc. Sold out 0.00% −0.11
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.10
GE General Electric Company Reduce -0.3% 1.23% −0.09
HD Home Depot Inc. Reduce -4.8% 1.02% −0.09
AXP American Express Co. Reduce -5.5% 0.29% −0.08
ITW Illinois Tool Works Reduce -20.5% 0.33% −0.06
GOOGL Alphabet Inc. Class A Reduce -0.3% 0.72% −0.06
PEP Pepsico Inc. Reduce -12.2% 1.16% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 0.63% −0.03
GS Goldman Sachs Group Inc. Reduce -6.3% 0.28% −0.03
TRV The Travelers Cos Inc. Reduce -11.9% 0.20% −0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -8.8% 0.23% −0.02
VHT Vanguard Health Care ETF Reduce -0.0% 0.40% −0.02
AFL Aflac Inc. Reduce -1.8% 0.99% −0.01
CAH Cardinal Health Inc. Reduce -11.6% 0.11% −0.01
TJX TJX Companies Inc. Reduce -8.3% 0.18% −0.01
SCZ iShares MSCI Eafe Small-Cap Reduce -3.4% 0.30% −0.00
OXY Occidental Petroleum Corp. Reduce -37.6% 0.11% −0.00
HXL Hexcel Corp. Reduce -6.8% 0.13% +0.00
CSCO Cisco Systems Inc. Reduce -1.1% 0.67% +0.01
UNP Union Pacific Corp. Reduce -0.5% 0.11% +0.01
IJH iShares Core S&P Midcap ETF Reduce -0.7% 0.33% +0.01
RS Reliance Inc. Reduce -3.3% 0.37% +0.01
WTM White Mountains Insurance GP Reduce -2.2% 0.26% +0.01
KMI Kinder Morgan Inc. Reduce -10.9% 0.13% +0.01
APD Air Products & Chemicals Inc. Reduce -0.3% 0.17% +0.03
GEV GE Vernova Inc. Reduce -19.4% 0.34% +0.03
CAT Caterpillar Inc. Reduce -12.2% 0.47% +0.04
PSX Phillips 66 Reduce -14.4% 0.26% +0.05
DE Deere & Co. Reduce -3.0% 0.37% +0.06
HON Honeywell International Inc. Reduce -0.1% 0.46% +0.07
KEYS Keysight Technologies Inc. Reduce -0.3% 0.30% +0.09
ADM Archer-Daniels-Midland Co. Reduce -5.8% 0.52% +0.09
AT&T Reduce -2.4% 0.67% +0.09
RTX RTX Corp. Reduce -0.2% 1.53% +0.09
COP Conocophillips Reduce -1.4% 0.33% +0.10
MPC Marathon Petroleum Corp. Reduce -12.0% 0.44% +0.11
AMAT Applied Materials Inc. Reduce -5.0% 0.54% +0.12
SCHA Schwab US Small-Cap ETF Reduce -0.4% 4.50% +0.13
VZ Verizon Communications Inc. Reduce -0.6% 0.69% +0.13
JNJ Johnson & Johnson Reduce -2.8% 1.04% +0.15
INTC Intel Corp. Reduce -0.6% 1.03% +0.17
VDE Vanguard Energy ETF Reduce -0.6% 0.96% +0.26
CVX Chevron Corp. Reduce -2.7% 1.12% +0.28

Portfolio Buys Q4 2025 → Q1 2026
VEA Vanguard Ftse Developed ETF Add +38.8% 0.86% +0.26
SCHF Schwab Intl Equity ETF Add +0.0% 4.81% +0.20
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +19.4% 1.40% +0.18
WMT Walmart Inc. Add +25.7% 0.54% +0.16
EFV iShares MSCI Eafe Value ETF New 0.14% +0.14
VLO Valero Energy Corp. New 0.14% +0.14
VTI VG Morningstar TS MKT ETF-US New 0.11% +0.11
VB Vanguard Most SM-Cap ETF-Usd Add +22.7% 0.49% +0.10
VTRS Viatris Inc. Add +12.9% 0.51% +0.10
SCHM Schwab US Mid Cap ETF Add +0.9% 1.34% +0.07
VXUS Vanguard Total Intl Stock Add +14.1% 0.36% +0.06
SYF Synchrony Financial Add +47.3% 0.20% +0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +6.7% 0.49% +0.03
VWO Vanguard Ftse Emerging Marke Add +9.0% 0.27% +0.03
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.2% 0.80% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +7.8% 0.87% −0.02
AVGO Broadcom Inc. Add +6.9% 1.09% −0.04
DIS The Walt Disney Co. Add +2.7% 0.29% −0.04
SCHG Schwab US Large-Cap Growth Add +0.8% 1.95% −0.19
SCHX Schwab US Large-Cap ETF Add +0.0% 17.38% −0.64

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