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	1,196,822	10,978	SH		SOLE		10,978	0	0
AbbVie Inc.	COM	00287Y109	1,543,063	11,453	SH		SOLE		11,453	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	288,522	935	SH		SOLE		935	0	0
Aflac Inc	COM	001055102	1,422,803	20,384	SH		SOLE		20,384	0	0
Agilent Technologies	COM	00846U101	318,182	2,646	SH		SOLE		2,646	0	0
Air Products & Chemicals	COM	009158106	360,035	1,202	SH		SOLE		1,202	0	0
Allstate Corporation	COM	020002101	219,825	2,016	SH		SOLE		2,016	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	515,428	4,306	SH		SOLE		4,306	0	0
Alphabet Inc. Cl. C	CAP STK CL C	02079K107	270,126	2,233	SH		SOLE		2,233	0	0
American Express Company	COM	025816109	485,147	2,785	SH		SOLE		2,785	0	0
Amgen Incorporated	COM	031162100	865,653	3,899	SH		SOLE		3,899	0	0
Amphenol Corp	CL A	032095101	288,830	3,400	SH		SOLE		3,400	0	0
Analog Devices	COM	032654105	423,322	2,173	SH		SOLE		2,173	0	0
Apple Inc.	COM	037833100	3,613,333	18,628	SH		SOLE		18,628	0	0
Applied Materials	COM	038222105	405,165	2,803	SH		SOLE		2,803	0	0
Archer-Daniels-Midland Co	COM	039483102	1,047,035	13,857	SH		SOLE		13,857	0	0
AT&T Inc.	COM	001957109	680,427	42,660	SH		SOLE		42,660	0	0
Automatic Data Processing	COM	053015103	416,282	1,894	SH		SOLE		1,894	0	0
Avery Dennison Corp	COM	053611109	348,239	2,027	SH		SOLE		2,027	0	0
Bank of America Corp	COM	06605F102	879,213	30,645	SH		SOLE		30,645	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,132,263	3,320	SH		SOLE		3,320	0	0
Boeing Co	COM	097023105	769,456	3,644	SH		SOLE		3,644	0	0
Bristol-Myers Squibb Co	COM	110122108	966,540	15,114	SH		SOLE		15,114	0	0
Broadcom Inc.	COM	11135F101	441,522	509	SH		SOLE		509	0	0
Cardinal Health Inc.	COM	14149Y108	252,596	2,671	SH		SOLE		2,671	0	0
Carrier Global Corp.	COM	14448C104	333,952	6,718	SH		SOLE		6,718	0	0
Caterpillar Inc	COM	149123101	567,883	2,308	SH		SOLE		2,308	0	0
Centerpoint Energy	COM	15189T107	250,020	8,577	SH		SOLE		8,577	0	0
Charles Schwab Corp.	COM	808513105	436,889	7,708	SH		SOLE		7,708	0	0
Chevron Corporation	COM	166764100	1,776,796	11,292	SH		SOLE		11,292	0	0
Cisco Systems Inc.	COM	17275R102	835,911	16,156	SH		SOLE		16,156	0	0
Coca-Cola Company	COM	191216100	272,589	4,527	SH		SOLE		4,527	0	0
Comcast Corporation Class A	CL A	20030N101	423,561	10,194	SH		SOLE		10,194	0	0
ConocoPhillips	COM	20825C104	554,106	5,348	SH		SOLE		5,348	0	0
Constellation Brands Cl. A	COM	21036P108	581,359	2,362	SH		SOLE		2,362	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	568,864	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	214,130	3,737	SH		SOLE		3,737	0	0
CVS Health Corp.	COM	126650100	452,318	6,543	SH		SOLE		6,543	0	0
Deere & Co.	COM	244199105	559,973	1,382	SH		SOLE		1,382	0	0
Disney (Walt) Co	COM	254687106	512,377	5,739	SH		SOLE		5,739	0	0
Dominion Energy Inc.	COM	25746U109	231,657	4,473	SH		SOLE		4,473	0	0
Dow Inc.	COM	260557103	302,410	5,678	SH		SOLE		5,678	0	0
DuPont de Nemours Inc.	COM	26614N102	230,394	3,225	SH		SOLE		3,225	0	0
Eaton Corp.	SHS	G29183103	275,105	1,368	SH		SOLE		1,368	0	0
Equifax Inc.	COM	294429105	619,545	2,633	SH		SOLE		2,633	0	0
Exxon Mobil Corporation	COM	30231G102	1,305,233	12,170	SH		SOLE		12,170	0	0
GE Healthcare Technologies Inc.	COMMON STOCK	36266G107	245,182	3,018	SH		SOLE		3,018	0	0
General Electric Company	COM	369604103	1,013,147	9,223	SH		SOLE		9,223	0	0
Global Payments Inc.	COM	37940X102	266,201	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	479,294	1,486	SH		SOLE		1,486	0	0
Goodyear Tire & Rubber Co	COM	382550101	224,735	16,428	SH		SOLE		16,428	0	0
Hanes Brands	COM	410345102	88,049	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	746,542	44,437	SH		SOLE		44,437	0	0
Hexcel Corp.	COM	428291108	253,223	3,331	SH		SOLE		3,331	0	0
Home Depot	COM	437076102	2,229,361	7,177	SH		SOLE		7,177	0	0
Honeywell International Inc.	COM	438516106	776,673	3,743	SH		SOLE		3,743	0	0
HP Inc.	COM	40434L105	1,335,762	43,496	SH		SOLE		43,496	0	0
Illinois Tool Works	COM	452308109	872,558	3,488	SH		SOLE		3,488	0	0
Intel Corp	COM	458140100	1,727,565	51,662	SH		SOLE		51,662	0	0
International Business Machines	COM	459200101	1,007,188	7,527	SH		SOLE		7,527	0	0
International Flavors and Fragrances	COM	459506101	292,652	3,677	SH		SOLE		3,677	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	603,803	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	504,823	1,931	SH		SOLE		1,931	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	367,003	1,310	SH		SOLE		1,310	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	413,793	4,337	SH		SOLE		4,337	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,514,699	20,892	SH		SOLE		20,892	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	410,796	6,965	SH		SOLE		6,965	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	249,868	4,807	SH		SOLE		4,807	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	411,066	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	1,804,915	9,638	SH		SOLE		9,638	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	1,084,858	2,434	SH		SOLE		2,434	0	0
Johnson & Johnson	COM	478160104	1,518,143	9,172	SH		SOLE		9,172	0	0
JP Morgan Chase & Co.	COM	46625H100	4,116,388	28,303	SH		SOLE		28,303	0	0
Kellogg Company	COM	487836108	379,260	5,627	SH		SOLE		5,627	0	0
Kemper Corporation	COM	488401100	338,303	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	303,419	1,812	SH		SOLE		1,812	0	0
Kimberly-Clark Corp	COM	494368103	1,380,135	9,997	SH		SOLE		9,997	0	0
L3Harris Technologies Inc.	COM	502431109	600,622	3,068	SH		SOLE		3,068	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	369,543	5,465	SH		SOLE		5,465	0	0
Lilly (Eli) & C.	COM	532457108	723,636	1,543	SH		SOLE		1,543	0	0
Lowes Co Inc	COM	548661107	268,236	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	590,696	5,066	SH		SOLE		5,066	0	0
McDonalds Corp	COM	580135101	1,369,403	4,589	SH		SOLE		4,589	0	0
McKesson Corporation	COM	58155Q103	619,172	1,449	SH		SOLE		1,449	0	0
Medtronic Inc	COM	585055106	483,493	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	988,255	8,564	SH		SOLE		8,564	0	0
Microsoft Corp	COM	594918104	5,185,743	15,228	SH		SOLE		15,228	0	0
Motorola Solutions Inc.	COM	620076307	360,441	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	394,225	5,313	SH		SOLE		5,313	0	0
Norfolk Southern Corp	COM	655844108	936,519	4,130	SH		SOLE		4,130	0	0
Northrop Grumman Corp	COM	666807102	1,226,102	2,690	SH		SOLE		2,690	0	0
NVIDIA Corp.	COM	67066G104	204,040	482	SH		SOLE		482	0	0
Occidental Petroleum	COM	674599105	390,079	6,634	SH		SOLE		6,634	0	0
Oracle Corporation	COM	68389X105	318,328	2,673	SH		SOLE		2,673	0	0
Pepsico Inc.	COM	713448108	3,061,812	16,531	SH		SOLE		16,531	0	0
Pfizer Inc.	COM	717081103	1,830,107	49,894	SH		SOLE		49,894	0	0
PG&E Corp	COM	69331C108	221,858	12,839	SH		SOLE		12,839	0	0
Phillips 66	COM	718546104	331,636	3,477	SH		SOLE		3,477	0	0
Procter & Gamble Co.	COM	742718109	1,303,100	8,588	SH		SOLE		8,588	0	0
QUALCOMM Inc.	COM	747525103	694,024	5,830	SH		SOLE		5,830	0	0
Raytheon Technologies Corp.	COM	75513E101	1,334,999	13,628	SH		SOLE		13,628	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	716,998	2,640	SH		SOLE		2,640	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	895,498	36,358	SH		SOLE		36,358	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	6,653,609	186,637	SH		SOLE		186,637	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	25,067,948	478,670	SH		SOLE		478,670	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	2,261,017	30,167	SH		SOLE		30,167	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	858,752	12,800	SH		SOLE		12,800	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	1,740,093	24,498	SH		SOLE		24,498	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	6,916,633	157,914	SH		SOLE		157,914	0	0
Southern Company	COM	842587107	257,326	3,663	SH		SOLE		3,663	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	389,629	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	445,823	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	364,583	1,195	SH		SOLE		1,195	0	0
Sysco Corp.	COM	871829107	228,981	3,086	SH		SOLE		3,086	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	784,109	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	791,548	4,397	SH		SOLE		4,397	0	0
TJX Companies	COM	872540109	377,655	4,454	SH		SOLE		4,454	0	0
Travelers Companies	COM	89417E109	324,050	1,866	SH		SOLE		1,866	0	0
Union Pacific Corp.	COM	907818108	274,600	1,342	SH		SOLE		1,342	0	0
UnitedHealth Group Inc.	COM	910581107	6,577,797	13,685	SH		SOLE		13,685	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,185,797	10,504	SH		SOLE		10,504	0	0
Vanguard FTSE All-World Ex-US Small Cap ETF	FTSE SMCAP ETF	922042718	209,912	1,900	SH		SOLE		1,900	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	263,226	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	677,383	2,394	SH		SOLE		2,394	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	425,497	1,738	SH		SOLE		1,738	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	214,779	1,045	SH		SOLE		1,045	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	656,813	3,240	SH		SOLE		3,240	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	404,815	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	330,550	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	472,116	2,055	SH		SOLE		2,055	0	0
Verizon Communications	COM	92343V104	973,523	26,177	SH		SOLE		26,177	0	0
Viatris Inc.	COM	92556V106	422,364	42,321	SH		SOLE		42,321	0	0
Walgreens Boots Alliance, Inc.	COM	931427108	250,313	8,786	SH		SOLE		8,786	0	0
Wal-Mart Stores Inc	COM	931142103	623,570	3,967	SH		SOLE		3,967	0	0
Wells Fargo	COM	949746101	435,507	10,204	SH		SOLE		10,204	0	0
Weyerhaeuser Corp.	COM NEW	962166104	285,673	8,525	SH		SOLE		8,525	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	325,005	234	SH		SOLE		234	0	0