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Athena Investment Management — 13F Holdings & Portfolio

CIK 1921093 · latest 13F-HR filed 2026-08-06

Backtest portfolio

Athena Investment Management manages $168.7M in 13F-reported U.S. long-equity assets across 132 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SCHX (17.10%), SCHA (5.34%), SCHF (4.79%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions, exited 25, added to 35, and trimmed 71.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
21C ORINDA WAY #362
ORINDA, CA 94563
Phone
(925) 254-1649
Filing Manager
Athena Investment Management
ORINDA, CA
Signatory
Jack Andrews
President
Loading holdings…
AUM

$168.7M

Long-equity book

Holdings

132

Distinct positions

Period

2026-06-30

Filed 2026-08-06

Q/Q Activity

+4 / −25 / ↑35 / ↓71

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • Intel Corp$2.4M +120.3%
  • UnitedHealth Group Inc.$798.4K +23.9%
  • Technology Select Sector SPDR ETF$615.0K +51.3%
  • Applied Materials$581.6K +56.2%
  • Broadcom Inc.$442.0K +21.0%
Show all 35 →

Top Trims

  • Schwab U.S. Large-Cap ETF-$4.7M -13.9%
  • Microsoft Corp-$1.5M -28.7%
  • Apple Inc.-$1.2M -28.3%
  • Schwab International Equity ETF-$1.2M -12.9%
  • JP Morgan Chase & Co.-$927.7K -13.0%
Show all 71 →

New Positions

  • ExxonMobil Holdings Corp$1.4M
  • Honeywell Aerospace Inc.$293.6K
  • iShares U.S. Technology ETF$242.1K
  • Vanguard Dividend Appreciation ETF$216.5K
Show all 4 →

Exited Positions

  • Exxon Mobil Corporation$2.1M
  • Invesco QQQ Trust$860.7K
  • Consumer Discretionery SPDR ETF$730.2K
  • Travelers Companies$394.4K
  • Liberty Formula One Group$388.1K
Show all 25 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Schwab U.S. Large-Cap ETF SCHX 808524201 $28.8M 17.10% 979,866 SH
2 Schwab U.S. Small-Cap ETF SCHA 808524607 $9.0M 5.34% 249,377 SH
3 Schwab International Equity ETF SCHF 808524805 $8.1M 4.79% 291,526 SH
4 JP Morgan Chase & Co. JPM 46625H100 $6.2M 3.68% 18,980 SH
5 Intel Corp INTC 458140100 $4.4M 2.59% 31,232 SH
6 UnitedHealth Group Inc. — 910581107 $4.1M 2.46% 9,963 SH
7 Schwab U.S. Large-Cap Growth ETF SCHG 808524300 $4.0M 2.39% 119,086 SH
8 Microsoft Corp MSFT 594918104 $3.7M 2.18% 9,851 SH
9 Apple Inc. AAPL 037833100 $3.1M 1.83% 10,693 SH
10 Vanguard Large Cap ETF VV 922908637 $2.6M 1.57% 7,699 SH
11 Broadcom Inc. AVGO 11135F101 $2.5M 1.51% 6,731 SH
12 iShares Russell 2000 Index IWM 464287655 $2.5M 1.48% 8,321 SH
13 Schwab U.S. Mid-Cap ETF SCHM 808524508 $2.5M 1.46% 67,000 SH
14 RTX Corp. RTX 75513E101 $2.5M 1.45% 12,931 SH
15 GE Aerospace POR 369604103 $2.3M 1.36% 6,137 SH
16 AbbVie Inc. ABBV 00287Y109 $2.3M 1.35% 9,063 SH
17 Vanguard Growth ETF VUG 922908736 $2.0M 1.20% 23,450 SH
18 Vanguard FTSE Developed Markets ETF VEA 921943858 $2.0M 1.18% 27,896 SH
19 Home Depot HD 437076102 $1.9M 1.13% 5,388 SH
20 Technology Select Sector SPDR ETF XLK 81369Y803 $1.8M 1.08% 9,520 SH
21 Aflac Inc AFL 001055102 $1.7M 1.03% 14,811 SH
22 IShares MSCI EAFE Index EFA 464287465 $1.7M 1.01% 16,414 SH
23 Pepsico Inc. PEP 713448108 $1.6M 0.97% 12,117 SH
24 iShares S&P 500 Index IVV 464287200 $1.6M 0.97% 2,180 SH
25 Applied Materials AMAT 038222105 $1.6M 0.96% 2,236 SH
26 International Business Machines IBM 459200101 $1.6M 0.93% 5,561 SH
27 Cisco Systems Inc. CSCO 17275R102 $1.5M 0.88% 12,650 SH
28 Chevron Corporation CVX 166764100 $1.5M 0.86% 8,789 SH
29 Schwab Emerging Markets Equity ETF SCHE 808524706 $1.5M 0.86% 40,038 SH
30 Bank of America Corp I:BANK 06605F102 $1.4M 0.85% 25,025 SH
31 Northrop Grumman Corp NOC 666807102 $1.4M 0.81% 2,699 SH
32 ExxonMobil Holdings Corp XOM 30233Q108 $1.4M 0.81% 9,979 SH
33 Hewlett Packard Enterprises HPE 42824C109 $1.3M 0.80% 29,828 SH
34 Schwab U.S. Large-Cap Value ETF SCHV 808524409 $1.3M 0.79% 38,450 SH
35 Johnson & Johnson JNJ 478160104 $1.3M 0.79% 5,245 SH
36 Alphabet Inc. Cl. A GOOGL 02079K305 $1.3M 0.77% 3,654 SH
37 Vanguard Energy Sector ETF VDE 92204A306 $1.3M 0.76% 8,561 SH
38 Texas Instruments, Inc. TXN 882508104 $1.1M 0.64% 3,643 SH
39 Viatris Inc. VTRS 92556V106 $1.0M 0.62% 65,637 SH
40 Norfolk Southern Corp NSC 655844108 $1.0M 0.61% 3,273 SH
41 Lilly (Eli) & C. LLY 532457108 $996.7K 0.59% 831 SH
42 Pfizer Inc. PFE 717081103 $987.7K 0.59% 41,018 SH
43 Vanguard Mid-Cap ETF VO 922908629 $987.0K 0.59% 12,250 SH
44 Merck & Company Inc MRK 58933Y105 $976.4K 0.58% 7,598 SH
45 Caterpillar Inc CAT 149123101 $964.8K 0.57% 906 SH
46 Vanguard Small-Cap ETF VB 922908751 $925.6K 0.55% 3,054 SH
47 Verizon Communications VZ 92343V104 $899.6K 0.53% 21,246 SH
48 Vanguard Health Care Sector ETF VHT 92204A504 $812.7K 0.48% 2,718 SH
49 Archer-Daniels-Midland Co ADM 039483102 $811.8K 0.48% 10,625 SH
50 Amgen Incorporated AMGN 031162100 $809.7K 0.48% 2,236 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-06 $168.7M 132 0001921093-26-000003
2026-03-31 2026-05-12 $192.8M 153 0001921093-26-000002
2025-12-31 2026-02-12 $195.2M 155 0001921093-26-000001
2025-09-30 2025-11-13 $192.0M 155 0001921093-25-000006