Athena Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Abbott Laboratories	COM	002824100	1,071	11,066	SH		SOLE		11,066	0	0
AbbVie Inc.	COM	00287Y109	1,536	11,445	SH		SOLE		11,445	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	313	1,215	SH		SOLE		1,215	0	0
Aflac Inc	COM	001055102	1,182	21,036	SH		SOLE		21,036	0	0
Agilent Technologies	COM	00846U101	316	2,601	SH		SOLE		2,601	0	0
Air Products & Chemicals	COM	009158106	252	1,084	SH		SOLE		1,084	0	0
Allstate Corporation	COM	020002101	266	2,140	SH		SOLE		2,140	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	333	3,484	SH		SOLE		3,484	0	0
American Express Company	COM	025816109	381	2,827	SH		SOLE		2,827	0	0
Amgen Incorporated	COM	031162100	831	3,685	SH		SOLE		3,685	0	0
Amphenol Corp	CL A	032095101	229	3,425	SH		SOLE		3,425	0	0
Analog Devices	COM	032654105	289	2,073	SH		SOLE		2,073	0	0
Apple Inc.	COM	037833100	2,577	18,650	SH		SOLE		18,650	0	0
Applied Materials	COM	038222105	220	2,680	SH		SOLE		2,680	0	0
Archer-Daniels-Midland Co	COM	039483102	1,043	12,960	SH		SOLE		12,960	0	0
AT&T Inc.	COM	001957109	664	43,269	SH		SOLE		43,269	0	0
Automatic Data Processing	COM	053015103	425	1,878	SH		SOLE		1,878	0	0
Avery Dennison Corp	COM	053611109	335	2,062	SH		SOLE		2,062	0	0
Bank of America Corp	COM	06605F102	927	30,703	SH		SOLE		30,703	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	922	3,454	SH		SOLE		3,454	0	0
Boeing Co	COM	097023105	434	3,581	SH		SOLE		3,581	0	0
Bristol-Myers Squibb Co	COM	110122108	1,183	16,639	SH		SOLE		16,639	0	0
Brooklyn Immunotherapeutics Inc.	COM	09066L105	9	35,556	SH		SOLE		35,556	0	0
Carrier Global Corp.	COM	14448C104	236	6,640	SH		SOLE		6,640	0	0
Caterpillar Inc	COM	149123101	378	2,306	SH		SOLE		2,306	0	0
Centerpoint Energy	COM	15189T107	245	8,702	SH		SOLE		8,702	0	0
Charles Schwab Corp.	COM	808513105	536	7,458	SH		SOLE		7,458	0	0
Chevron Corporation	COM	166764100	1,629	11,337	SH		SOLE		11,337	0	0
Cisco Systems Inc.	COM	17275R102	590	14,753	SH		SOLE		14,753	0	0
Coca-Cola Company	COM	191216100	269	4,810	SH		SOLE		4,810	0	0
Comcast Corporation Class A	CL A	20030N101	292	9,955	SH		SOLE		9,955	0	0
ConocoPhillips	COM	20825C104	637	6,225	SH		SOLE		6,225	0	0
Constellation Brands Cl. A	COM	21036P108	543	2,362	SH		SOLE		2,362	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	477	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	211	3,695	SH		SOLE		3,695	0	0
CVS Health Corp.	COM	126650100	614	6,441	SH		SOLE		6,441	0	0
Deere & Co.	COM	244199105	408	1,221	SH		SOLE		1,221	0	0
Disney (Walt) Co	COM	254687106	533	5,652	SH		SOLE		5,652	0	0
Dominion Energy Inc.	COM	25746U109	313	4,535	SH		SOLE		4,535	0	0
Dow Inc.	COM	260557103	244	5,555	SH		SOLE		5,555	0	0
Equifax Inc.	COM	294429105	451	2,633	SH		SOLE		2,633	0	0
Exxon Mobil Corporation	COM	30231G102	1,123	12,861	SH		SOLE		12,861	0	0
General Electric Company	COM	369604103	570	9,199	SH		SOLE		9,199	0	0
Global Payments Inc.	COM	37940X102	292	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	437	1,492	SH		SOLE		1,492	0	0
Goodyear Tire & Rubber Co	COM	382550101	168	16,678	SH		SOLE		16,678	0	0
Hanes Brands	COM	410345102	135	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	541	45,169	SH		SOLE		45,169	0	0
Hexcel Corp.	COM	428291108	215	4,165	SH		SOLE		4,165	0	0
Home Depot	COM	437076102	1,915	6,941	SH		SOLE		6,941	0	0
Honeywell International Inc.	COM	438516106	625	3,743	SH		SOLE		3,743	0	0
HP Inc.	COM	40434L105	1,094	43,914	SH		SOLE		43,914	0	0
Illinois Tool Works	COM	452308109	610	3,376	SH		SOLE		3,376	0	0
Intel Corp	COM	458140100	1,327	51,484	SH		SOLE		51,484	0	0
International Business Machines	COM	459200101	910	7,657	SH		SOLE		7,657	0	0
International Flavors and Fragrances	COM	459506101	268	2,956	SH		SOLE		2,956	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	437	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	423	1,931	SH		SOLE		1,931	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	331	1,310	SH		SOLE		1,310	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	315	4,337	SH		SOLE		4,337	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,146	20,458	SH		SOLE		20,458	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	340	6,965	SH		SOLE		6,965	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	213	4,807	SH		SOLE		4,807	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	350	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	1,563	9,475	SH		SOLE		9,475	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	873	2,434	SH		SOLE		2,434	0	0
Johnson & Johnson	COM	478160104	1,497	9,164	SH		SOLE		9,164	0	0
JP Morgan Chase & Co.	COM	46625H100	2,926	28,003	SH		SOLE		28,003	0	0
Kellogg Company	COM	487836108	401	5,751	SH		SOLE		5,751	0	0
Kemper Corporation	COM	488401100	289	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	285	1,812	SH		SOLE		1,812	0	0
Kimberly-Clark Corp	COM	494368103	1,107	9,838	SH		SOLE		9,838	0	0
L3Harris Technologies Inc.	COM	502431109	638	3,068	SH		SOLE		3,068	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	300	5,715	SH		SOLE		5,715	0	0
Lilly (Eli) & C.	COM	532457108	524	1,620	SH		SOLE		1,620	0	0
Lowes Co Inc	COM	548661107	223	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	500	5,032	SH		SOLE		5,032	0	0
McDonalds Corp	COM	580135101	1,129	4,894	SH		SOLE		4,894	0	0
McKesson Corporation	COM	58155Q103	476	1,402	SH		SOLE		1,402	0	0
Medtronic Inc	COM	585055106	443	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	746	8,658	SH		SOLE		8,658	0	0
Microsoft Corp	COM	594918104	3,696	15,871	SH		SOLE		15,871	0	0
Motorola Solutions Inc.	COM	620076307	275	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	382	4,875	SH		SOLE		4,875	0	0
Norfolk Southern Corp	COM	655844108	876	4,179	SH		SOLE		4,179	0	0
Northrop Grumman Corp	COM	666807102	1,265	2,690	SH		SOLE		2,690	0	0
Occidental Petroleum	COM	674599105	423	6,880	SH		SOLE		6,880	0	0
Pepsico Inc.	COM	713448108	2,701	16,543	SH		SOLE		16,543	0	0
Pfizer Inc.	COM	717081103	2,152	49,167	SH		SOLE		49,167	0	0
PG&E Corp	COM	69331C108	154	12,312	SH		SOLE		12,312	0	0
Phillips 66	COM	718546104	276	3,423	SH		SOLE		3,423	0	0
Procter & Gamble Co.	COM	742718109	1,234	9,772	SH		SOLE		9,772	0	0
QUALCOMM Inc.	COM	747525103	623	5,516	SH		SOLE		5,516	0	0
Raytheon Technologies Corp.	COM	75513E101	1,056	12,901	SH		SOLE		12,901	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	494	2,830	SH		SOLE		2,830	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	787	35,140	SH		SOLE		35,140	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	5,195	184,673	SH		SOLE		184,673	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	19,116	451,384	SH		SOLE		451,384	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	1,563	28,012	SH		SOLE		28,012	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	644	11,000	SH		SOLE		11,000	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	1,357	22,417	SH		SOLE		22,417	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	5,752	152,164	SH		SOLE		152,164	0	0
Southern Company	COM	842587107	249	3,663	SH		SOLE		3,663	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	326	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	359	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	298	1,470	SH		SOLE		1,470	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	536	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	682	4,407	SH		SOLE		4,407	0	0
TJX Companies	COM	872540109	286	4,602	SH		SOLE		4,602	0	0
Travelers Companies	COM	89417E109	286	1,868	SH		SOLE		1,868	0	0
Union Pacific Corp.	COM	907818108	224	1,150	SH		SOLE		1,150	0	0
UnitedHealth Group Inc.	COM	910581107	7,008	13,875	SH		SOLE		13,875	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,069	10,525	SH		SOLE		10,525	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	207	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	395	1,844	SH		SOLE		1,844	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	389	1,740	SH		SOLE		1,740	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	448	2,740	SH		SOLE		2,740	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	346	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	287	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	401	2,055	SH		SOLE		2,055	0	0
Verizon Communications	COM	92343V104	1,038	27,345	SH		SOLE		27,345	0	0
Viatris Inc.	COM	92556V106	365	42,824	SH		SOLE		42,824	0	0
Walgreens Boots Alliance, Inc.	COM	931427108	276	8,786	SH		SOLE		8,786	0	0
Wal-Mart Stores Inc	COM	931142103	500	3,858	SH		SOLE		3,858	0	0
Warner Bros. Discovery Inc.	COM SER A	934423104	130	11,316	SH		SOLE		11,316	0	0
Wells Fargo	COM	949746101	418	10,387	SH		SOLE		10,387	0	0
Weyerhaeuser Corp.	COM NEW	962166104	246	8,600	SH		SOLE		8,600	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	297	228	SH		SOLE		228	0	0