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

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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	1,214,936	11,066	SH		SOLE		11,066	0	0
AbbVie Inc.	COM	00287Y109	1,855,929	11,484	SH		SOLE		11,484	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	324,211	1,215	SH		SOLE		1,215	0	0
Aflac Inc	COM	001055102	1,500,668	20,860	SH		SOLE		20,860	0	0
Agilent Technologies	COM	00846U101	389,240	2,601	SH		SOLE		2,601	0	0
Air Products & Chemicals	COM	009158106	378,235	1,227	SH		SOLE		1,227	0	0
Allstate Corporation	COM	020002101	280,150	2,066	SH		SOLE		2,066	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	335,098	3,798	SH		SOLE		3,798	0	0
American Express Company	COM	025816109	431,135	2,918	SH		SOLE		2,918	0	0
Amgen Incorporated	COM	031162100	967,037	3,682	SH		SOLE		3,682	0	0
Amphenol Corp	CL A	032095101	258,876	3,400	SH		SOLE		3,400	0	0
Analog Devices	COM	032654105	349,876	2,133	SH		SOLE		2,133	0	0
Apple Inc.	COM	037833100	2,524,320	19,428	SH		SOLE		19,428	0	0
Applied Materials	COM	038222105	274,917	2,823	SH		SOLE		2,823	0	0
Archer-Daniels-Midland Co	COM	039483102	1,245,676	13,416	SH		SOLE		13,416	0	0
AT&T Inc.	COM	001957109	699,617	38,002	SH		SOLE		38,002	0	0
Automatic Data Processing	COM	053015103	452,401	1,894	SH		SOLE		1,894	0	0
Avery Dennison Corp	COM	053611109	373,222	2,062	SH		SOLE		2,062	0	0
Bank of America Corp	COM	06605F102	1,013,680	30,606	SH		SOLE		30,606	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,052,243	3,406	SH		SOLE		3,406	0	0
Boeing Co	COM	097023105	697,564	3,662	SH		SOLE		3,662	0	0
Bristol-Myers Squibb Co	COM	110122108	1,206,170	16,764	SH		SOLE		16,764	0	0
Broadcom Inc.	COM	11135F101	276,210	494	SH		SOLE		494	0	0
Cardinal Health Inc.	COM	14149Y108	205,320	2,671	SH		SOLE		2,671	0	0
Carrier Global Corp.	COM	14448C104	277,118	6,718	SH		SOLE		6,718	0	0
Caterpillar Inc	COM	149123101	560,331	2,339	SH		SOLE		2,339	0	0
Centerpoint Energy	COM	15189T107	260,973	8,702	SH		SOLE		8,702	0	0
Charles Schwab Corp.	COM	808513105	620,953	7,458	SH		SOLE		7,458	0	0
Chevron Corporation	COM	166764100	2,039,904	11,365	SH		SOLE		11,365	0	0
Cisco Systems Inc.	COM	17275R102	732,036	15,366	SH		SOLE		15,366	0	0
Coca-Cola Company	COM	191216100	305,936	4,810	SH		SOLE		4,810	0	0
Comcast Corporation Class A	CL A	20030N101	343,580	9,825	SH		SOLE		9,825	0	0
ConocoPhillips	COM	20825C104	638,970	5,415	SH		SOLE		5,415	0	0
Constellation Brands Cl. A	COM	21036P108	547,394	2,362	SH		SOLE		2,362	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	432,686	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	219,955	3,742	SH		SOLE		3,742	0	0
CVS Health Corp.	COM	126650100	610,674	6,553	SH		SOLE		6,553	0	0
Deere & Co.	COM	244199105	538,523	1,256	SH		SOLE		1,256	0	0
Disney (Walt) Co	COM	254687106	474,712	5,464	SH		SOLE		5,464	0	0
Dominion Energy Inc.	COM	25746U109	265,025	4,322	SH		SOLE		4,322	0	0
Dow Inc.	COM	260557103	280,924	5,575	SH		SOLE		5,575	0	0
DuPont de Nemours Inc.	COM	26614N102	221,949	3,234	SH		SOLE		3,234	0	0
Eaton Corp.	SHS	G29183103	214,708	1,368	SH		SOLE		1,368	0	0
Equifax Inc.	COM	294429105	511,750	2,633	SH		SOLE		2,633	0	0
Exxon Mobil Corporation	COM	30231G102	1,378,088	12,494	SH		SOLE		12,494	0	0
General Dynamics Corp.	COM	369550108	223,795	902	SH		SOLE		902	0	0
General Electric Company	COM	369604103	745,396	8,896	SH		SOLE		8,896	0	0
Global Payments Inc.	COM	37940X102	268,363	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	512,323	1,492	SH		SOLE		1,492	0	0
Goodyear Tire & Rubber Co	COM	382550101	117,090	11,536	SH		SOLE		11,536	0	0
Hanes Brands	COM	410345102	88,697	13,946	SH		SOLE		13,946	0	0
Hewlett Packard Enterprises	COM	42824C109	720,291	45,131	SH		SOLE		45,131	0	0
Hexcel Corp.	COM	428291108	237,460	4,035	SH		SOLE		4,035	0	0
Home Depot	COM	437076102	2,247,872	7,117	SH		SOLE		7,117	0	0
Honeywell International Inc.	COM	438516106	802,125	3,743	SH		SOLE		3,743	0	0
HP Inc.	COM	40434L105	1,179,969	43,914	SH		SOLE		43,914	0	0
Illinois Tool Works	COM	452308109	792,199	3,596	SH		SOLE		3,596	0	0
Intel Corp	COM	458140100	1,347,471	50,983	SH		SOLE		50,983	0	0
International Business Machines	COM	459200101	1,055,689	7,493	SH		SOLE		7,493	0	0
International Flavors and Fragrances	COM	459506101	309,907	2,956	SH		SOLE		2,956	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	435,225	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	467,002	1,931	SH		SOLE		1,931	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	371,531	1,310	SH		SOLE		1,310	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	363,267	4,337	SH		SOLE		4,337	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,371,837	20,899	SH		SOLE		20,899	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	393,383	6,965	SH		SOLE		6,965	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	228,188	4,807	SH		SOLE		4,807	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	363,397	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	1,680,488	9,638	SH		SOLE		9,638	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	935,167	2,434	SH		SOLE		2,434	0	0
Johnson & Johnson	COM	478160104	1,622,170	9,183	SH		SOLE		9,183	0	0
JP Morgan Chase & Co.	COM	46625H100	3,787,923	28,247	SH		SOLE		28,247	0	0
Kellogg Company	COM	487836108	409,701	5,751	SH		SOLE		5,751	0	0
Kemper Corporation	COM	488401100	344,892	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	309,979	1,812	SH		SOLE		1,812	0	0
Kimberly-Clark Corp	COM	494368103	1,371,296	10,102	SH		SOLE		10,102	0	0
L3Harris Technologies Inc.	COM	502431109	638,788	3,068	SH		SOLE		3,068	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	313,367	5,865	SH		SOLE		5,865	0	0
Lilly (Eli) & C.	COM	532457108	571,808	1,563	SH		SOLE		1,563	0	0
Lowes Co Inc	COM	548661107	236,789	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	619,428	5,322	SH		SOLE		5,322	0	0
McDonalds Corp	COM	580135101	1,242,280	4,714	SH		SOLE		4,714	0	0
McKesson Corporation	COM	58155Q103	548,050	1,461	SH		SOLE		1,461	0	0
Medtronic Inc	COM	585055106	415,025	5,340	SH		SOLE		5,340	0	0
Merck & Company Inc	COM	58933Y105	966,649	8,712	SH		SOLE		8,712	0	0
Microsoft Corp	COM	594918104	3,857,025	16,083	SH		SOLE		16,083	0	0
Motorola Solutions Inc.	COM	620076307	316,726	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	444,167	5,313	SH		SOLE		5,313	0	0
Norfolk Southern Corp	COM	655844108	1,029,789	4,179	SH		SOLE		4,179	0	0
Northrop Grumman Corp	COM	666807102	1,467,691	2,690	SH		SOLE		2,690	0	0
Occidental Petroleum	COM	674599105	420,773	6,680	SH		SOLE		6,680	0	0
Oracle Corporation	COM	68389X105	220,208	2,694	SH		SOLE		2,694	0	0
Pepsico Inc.	COM	713448108	3,029,248	16,768	SH		SOLE		16,768	0	0
Pfizer Inc.	COM	717081103	2,519,310	49,167	SH		SOLE		49,167	0	0
PG&E Corp	COM	69331C108	208,762	12,839	SH		SOLE		12,839	0	0
Phillips 66	COM	718546104	365,217	3,509	SH		SOLE		3,509	0	0
Procter & Gamble Co.	COM	742718109	1,485,700	9,803	SH		SOLE		9,803	0	0
QUALCOMM Inc.	COM	747525103	607,548	5,526	SH		SOLE		5,526	0	0
Raytheon Technologies Corp.	COM	75513E101	1,357,071	13,447	SH		SOLE		13,447	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	560,961	2,771	SH		SOLE		2,771	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	863,505	36,481	SH		SOLE		36,481	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	6,021,982	186,960	SH		SOLE		186,960	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	21,618,046	478,805	SH		SOLE		478,805	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	1,592,683	28,666	SH		SOLE		28,666	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	810,858	12,282	SH		SOLE		12,282	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	1,494,661	22,781	SH		SOLE		22,781	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	6,289,664	155,262	SH		SOLE		155,262	0	0
Southern Company	COM	842587107	261,575	3,663	SH		SOLE		3,663	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	375,442	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	384,624	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	364,290	1,490	SH		SOLE		1,490	0	0
Sysco Corp.	COM	871829107	222,852	2,915	SH		SOLE		2,915	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	561,224	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	726,472	4,397	SH		SOLE		4,397	0	0
TJX Companies	COM	872540109	411,850	5,174	SH		SOLE		5,174	0	0
Travelers Companies	COM	89417E109	350,231	1,868	SH		SOLE		1,868	0	0
Union Pacific Corp.	COM	907818108	284,100	1,372	SH		SOLE		1,372	0	0
UnitedHealth Group Inc.	COM	910581107	7,297,130	13,763	SH		SOLE		13,763	0	0
Valero Energy Corp.	COM	91913Y100	207,162	1,633	SH		SOLE		1,633	0	0
Vanguard Communication Services ETF	COMM SRVC ETF	92204A884	370,783	4,508	SH		SOLE		4,508	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,275,502	10,517	SH		SOLE		10,517	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	239,229	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	454,760	2,134	SH		SOLE		2,134	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	431,607	1,740	SH		SOLE		1,740	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	209,488	1,147	SH		SOLE		1,147	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	477,308	2,740	SH		SOLE		2,740	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	374,752	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	317,360	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	412,110	2,055	SH		SOLE		2,055	0	0
Verizon Communications	COM	92343V104	905,727	22,988	SH		SOLE		22,988	0	0
Viatris Inc.	COM	92556V106	473,136	42,510	SH		SOLE		42,510	0	0
Walgreens Boots Alliance, Inc.	COM	931427108	324,883	8,696	SH		SOLE		8,696	0	0
Wal-Mart Stores Inc	COM	931142103	562,514	3,967	SH		SOLE		3,967	0	0
Wells Fargo	COM	949746101	423,924	10,267	SH		SOLE		10,267	0	0
Weyerhaeuser Corp.	COM NEW	962166104	266,600	8,600	SH		SOLE		8,600	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	330,953	234	SH		SOLE		234	0	0