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	1,063,229	10,978	SH		SOLE		10,978	0	0
AbbVie Inc.	COM	00287Y109	1,704,232	11,433	SH		SOLE		11,433	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	273,328	890	SH		SOLE		890	0	0
Aflac Inc	COM	001055102	1,558,869	20,311	SH		SOLE		20,311	0	0
Agilent Technologies	COM	00846U101	295,876	2,646	SH		SOLE		2,646	0	0
Air Products & Chemicals	COM	009158106	340,647	1,202	SH		SOLE		1,202	0	0
Allstate Corporation	COM	020002101	224,603	2,016	SH		SOLE		2,016	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	560,473	4,283	SH		SOLE		4,283	0	0
Alphabet Inc. Cl. C	CAP STK CL C	02079K107	294,421	2,233	SH		SOLE		2,233	0	0
American Express Company	COM	025816109	413,704	2,773	SH		SOLE		2,773	0	0
Amgen Incorporated	COM	031162100	1,046,279	3,893	SH		SOLE		3,893	0	0
Amphenol Corp	CL A	032095101	282,626	3,365	SH		SOLE		3,365	0	0
Analog Devices	COM	032654105	380,471	2,173	SH		SOLE		2,173	0	0
Apple Inc.	COM	037833100	3,108,379	18,155	SH		SOLE		18,155	0	0
Applied Materials	COM	038222105	384,633	2,778	SH		SOLE		2,778	0	0
Archer-Daniels-Midland Co	COM	039483102	1,043,360	13,834	SH		SOLE		13,834	0	0
AT&T Inc.	COM	001957109	640,413	42,637	SH		SOLE		42,637	0	0
Automatic Data Processing	COM	053015103	455,659	1,894	SH		SOLE		1,894	0	0
Avery Dennison Corp	COM	053611109	364,061	1,993	SH		SOLE		1,993	0	0
Bank of America Corp	COM	06605F102	838,739	30,633	SH		SOLE		30,633	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,149,831	3,282	SH		SOLE		3,282	0	0
Boeing Co	COM	097023105	698,472	3,644	SH		SOLE		3,644	0	0
Bristol-Myers Squibb Co	COM	110122108	877,217	15,114	SH		SOLE		15,114	0	0
Broadcom Inc.	COM	11135F101	455,988	549	SH		SOLE		549	0	0
Cardinal Health Inc.	COM	14149Y108	231,896	2,671	SH		SOLE		2,671	0	0
Carrier Global Corp.	COM	14448C104	370,834	6,718	SH		SOLE		6,718	0	0
Caterpillar Inc	COM	149123101	601,419	2,203	SH		SOLE		2,203	0	0
Centerpoint Energy	COM	15189T107	230,314	8,578	SH		SOLE		8,578	0	0
Charles Schwab Corp.	COM	808513105	423,169	7,708	SH		SOLE		7,708	0	0
Chevron Corporation	COM	166764100	1,869,356	11,086	SH		SOLE		11,086	0	0
Cisco Systems Inc.	COM	17275R102	873,923	16,256	SH		SOLE		16,256	0	0
Coca-Cola Company	COM	191216100	253,397	4,527	SH		SOLE		4,527	0	0
Comcast Corporation Class A	CL A	20030N101	450,413	10,158	SH		SOLE		10,158	0	0
ConocoPhillips	COM	20825C104	627,902	5,241	SH		SOLE		5,241	0	0
Constellation Brands Cl. A	COM	21036P108	593,641	2,362	SH		SOLE		2,362	0	0
Constellation Energy Corp.	COM	21037T109	204,743	1,877	SH		SOLE		1,877	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	539,283	3,350	SH		SOLE		3,350	0	0
CVS Health Corp.	COM	126650100	456,832	6,543	SH		SOLE		6,543	0	0
Deere & Co.	COM	244199105	515,124	1,365	SH		SOLE		1,365	0	0
Disney (Walt) Co	COM	254687106	465,145	5,739	SH		SOLE		5,739	0	0
Dow Inc.	COM	260557103	292,762	5,678	SH		SOLE		5,678	0	0
DuPont de Nemours Inc.	COM	26614N102	240,556	3,225	SH		SOLE		3,225	0	0
Eaton Corp.	SHS	G29183103	291,767	1,368	SH		SOLE		1,368	0	0
Equifax Inc.	COM	294429105	482,313	2,633	SH		SOLE		2,633	0	0
Exxon Mobil Corporation	COM	30231G102	1,398,390	11,893	SH		SOLE		11,893	0	0
GE Healthcare Technologies Inc.	COMMON STOCK	36266G107	207,659	3,052	SH		SOLE		3,052	0	0
General Electric Company	COM	369604103	1,019,606	9,223	SH		SOLE		9,223	0	0
Global Payments Inc.	COM	37940X102	311,784	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	480,844	1,486	SH		SOLE		1,486	0	0
Goodyear Tire & Rubber Co	COM	382550101	202,833	16,318	SH		SOLE		16,318	0	0
Hanes Brands	COM	410345102	76,800	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	771,600	44,421	SH		SOLE		44,421	0	0
Hexcel Corp.	COM	428291108	211,119	3,241	SH		SOLE		3,241	0	0
Home Depot	COM	437076102	2,143,747	7,095	SH		SOLE		7,095	0	0
Honeywell International Inc.	COM	438516106	691,482	3,743	SH		SOLE		3,743	0	0
HP Inc.	COM	40434L105	1,117,560	43,485	SH		SOLE		43,485	0	0
Illinois Tool Works	COM	452308109	800,558	3,476	SH		SOLE		3,476	0	0
Intel Corp	COM	458140100	1,835,621	51,635	SH		SOLE		51,635	0	0
International Business Machines	COM	459200101	1,080,318	7,700	SH		SOLE		7,700	0	0
International Flavors and Fragrances	COM	459506101	251,752	3,693	SH		SOLE		3,693	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	585,579	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	481,404	1,931	SH		SOLE		1,931	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	353,669	1,310	SH		SOLE		1,310	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	374,283	4,337	SH		SOLE		4,337	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,439,422	20,885	SH		SOLE		20,885	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	393,314	6,965	SH		SOLE		6,965	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	239,632	4,809	SH		SOLE		4,809	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	379,710	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	1,703,427	9,638	SH		SOLE		9,638	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	1,034,926	2,410	SH		SOLE		2,410	0	0
Johnson & Johnson	COM	478160104	1,328,392	8,529	SH		SOLE		8,529	0	0
JP Morgan Chase & Co.	COM	46625H100	4,104,305	28,302	SH		SOLE		28,302	0	0
Kellanova Company	COM	487836108	334,930	5,628	SH		SOLE		5,628	0	0
Kemper Corporation	COM	488401100	294,630	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	239,746	1,812	SH		SOLE		1,812	0	0
Kimberly-Clark Corp	COM	494368103	1,228,747	10,168	SH		SOLE		10,168	0	0
L3Harris Technologies Inc.	COM	502431109	534,200	3,068	SH		SOLE		3,068	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	308,991	5,465	SH		SOLE		5,465	0	0
Lilly (Eli) & C.	COM	532457108	813,752	1,515	SH		SOLE		1,515	0	0
Lowes Co Inc	COM	548661107	247,010	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	744,139	4,917	SH		SOLE		4,917	0	0
McDonalds Corp	COM	580135101	1,186,342	4,503	SH		SOLE		4,503	0	0
McKesson Corporation	COM	58155Q103	590,961	1,359	SH		SOLE		1,359	0	0
Medtronic Inc	COM	585055106	430,040	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	881,799	8,565	SH		SOLE		8,565	0	0
Microsoft Corp	COM	594918104	4,747,398	15,035	SH		SOLE		15,035	0	0
Motorola Solutions Inc.	COM	620076307	334,583	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	304,382	5,313	SH		SOLE		5,313	0	0
Norfolk Southern Corp	COM	655844108	813,383	4,130	SH		SOLE		4,130	0	0
Northrop Grumman Corp	COM	666807102	1,184,111	2,690	SH		SOLE		2,690	0	0
NVIDIA Corp.	COM	67066G104	209,814	482	SH		SOLE		482	0	0
Occidental Petroleum	COM	674599105	430,025	6,628	SH		SOLE		6,628	0	0
Oracle Corporation	COM	68389X105	283,124	2,673	SH		SOLE		2,673	0	0
Pepsico Inc.	COM	713448108	2,788,250	16,456	SH		SOLE		16,456	0	0
Pfizer Inc.	COM	717081103	1,661,947	50,104	SH		SOLE		50,104	0	0
PG&E Corp	COM	69331C108	207,093	12,839	SH		SOLE		12,839	0	0
Phillips 66	COM	718546104	417,795	3,477	SH		SOLE		3,477	0	0
Procter & Gamble Co.	COM	742718109	1,239,477	8,498	SH		SOLE		8,498	0	0
QUALCOMM Inc.	COM	747525103	646,722	5,823	SH		SOLE		5,823	0	0
Raytheon Technologies Corp.	COM	75513E101	1,086,394	15,095	SH		SOLE		15,095	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	692,287	2,640	SH		SOLE		2,640	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	874,720	36,538	SH		SOLE		36,538	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	6,426,658	189,242	SH		SOLE		189,242	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	24,118,669	476,654	SH		SOLE		476,654	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	2,253,377	30,987	SH		SOLE		30,987	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	825,088	12,800	SH		SOLE		12,800	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	1,626,086	24,026	SH		SOLE		24,026	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	6,571,597	158,658	SH		SOLE		158,658	0	0
Southern Company	COM	842587107	237,069	3,663	SH		SOLE		3,663	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	379,544	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	429,933	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	326,558	1,195	SH		SOLE		1,195	0	0
Sysco Corp.	COM	871829107	243,196	3,682	SH		SOLE		3,682	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	739,324	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	659,414	4,147	SH		SOLE		4,147	0	0
TJX Companies	COM	872540109	394,361	4,437	SH		SOLE		4,437	0	0
Travelers Companies	COM	89417E109	321,067	1,966	SH		SOLE		1,966	0	0
Union Pacific Corp.	COM	907818108	211,164	1,037	SH		SOLE		1,037	0	0
UnitedHealth Group Inc.	COM	910581107	6,897,153	13,680	SH		SOLE		13,680	0	0
Valero Energy Corp.	COM	91913Y100	230,562	1,627	SH		SOLE		1,627	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,331,277	10,504	SH		SOLE		10,504	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	249,204	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	651,888	2,394	SH		SOLE		2,394	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	408,604	1,738	SH		SOLE		1,738	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	203,754	1,045	SH		SOLE		1,045	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	634,036	3,240	SH		SOLE		3,240	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	382,898	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	318,739	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	440,140	2,055	SH		SOLE		2,055	0	0
Verizon Communications	COM	92343V104	848,475	26,179	SH		SOLE		26,179	0	0
Viatris Inc.	COM	92556V106	416,924	42,284	SH		SOLE		42,284	0	0
Wal-Mart Stores Inc	COM	931142103	634,480	3,967	SH		SOLE		3,967	0	0
Wells Fargo	COM	949746101	416,957	10,205	SH		SOLE		10,205	0	0
Weyerhaeuser Corp.	COM NEW	962166104	261,377	8,525	SH		SOLE		8,525	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	349,991	234	SH		SOLE		234	0	0