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	1,247,111	10,972	SH		SOLE		10,972	0	0
AbbVie Inc.	COM	00287Y109	2,080,782	11,427	SH		SOLE		11,427	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	284,913	822	SH		SOLE		822	0	0
Aflac Inc	COM	001055102	1,694,190	19,732	SH		SOLE		19,732	0	0
Agilent Technologies	COM	00846U101	401,026	2,756	SH		SOLE		2,756	0	0
Air Products & Chemicals	COM	009158106	291,209	1,202	SH		SOLE		1,202	0	0
Allstate Corporation	COM	020002101	331,487	1,916	SH		SOLE		1,916	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	664,243	4,401	SH		SOLE		4,401	0	0
Alphabet Inc. Cl. C	CAP STK CL C	02079K107	333,906	2,193	SH		SOLE		2,193	0	0
Amazon.com Inc	COM	023135106	205,814	1,141	SH		SOLE		1,141	0	0
American Express Company	COM	025816109	614,763	2,700	SH		SOLE		2,700	0	0
Amgen Incorporated	COM	031162100	1,097,187	3,859	SH		SOLE		3,859	0	0
Amphenol Corp	CL A	032095101	383,539	3,325	SH		SOLE		3,325	0	0
Analog Devices	COM	032654105	440,874	2,229	SH		SOLE		2,229	0	0
Apple Inc.	COM	037833100	3,033,041	17,687	SH		SOLE		17,687	0	0
Applied Materials	COM	038222105	568,192	2,755	SH		SOLE		2,755	0	0
Archer-Daniels-Midland Co	COM	039483102	882,543	14,051	SH		SOLE		14,051	0	0
AT&T Inc.	COM	001957109	748,597	42,534	SH		SOLE		42,534	0	0
Automatic Data Processing	COM	053015103	473,008	1,894	SH		SOLE		1,894	0	0
Avery Dennison Corp	COM	053611109	416,138	1,864	SH		SOLE		1,864	0	0
Bank of America Corp	COM	06605F102	1,150,959	30,352	SH		SOLE		30,352	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,379,902	3,281	SH		SOLE		3,281	0	0
Boeing Co	COM	097023105	702,473	3,640	SH		SOLE		3,640	0	0
Bristol-Myers Squibb Co	COM	110122108	810,901	14,953	SH		SOLE		14,953	0	0
Broadcom Inc.	COM	11135F101	743,555	561	SH		SOLE		561	0	0
Cardinal Health Inc.	COM	14149Y108	298,885	2,671	SH		SOLE		2,671	0	0
Carrier Global Corp.	COM	14448C104	390,517	6,718	SH		SOLE		6,718	0	0
Caterpillar Inc	COM	149123101	716,737	1,956	SH		SOLE		1,956	0	0
Centerpoint Energy	COM	15189T107	244,432	8,580	SH		SOLE		8,580	0	0
Charles Schwab Corp.	COM	808513105	557,597	7,708	SH		SOLE		7,708	0	0
Chevron Corporation	COM	166764100	1,571,675	9,964	SH		SOLE		9,964	0	0
Cisco Systems Inc.	COM	17275R102	827,458	16,579	SH		SOLE		16,579	0	0
Coca-Cola Company	COM	191216100	267,758	4,377	SH		SOLE		4,377	0	0
Comcast Corporation Class A	CL A	20030N101	425,632	9,819	SH		SOLE		9,819	0	0
ConocoPhillips	COM	20825C104	639,157	5,022	SH		SOLE		5,022	0	0
Constellation Brands Cl. A	COM	21036P108	641,897	2,362	SH		SOLE		2,362	0	0
Constellation Energy Corp.	COM	21037T109	346,963	1,877	SH		SOLE		1,877	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	616,032	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	215,516	3,737	SH		SOLE		3,737	0	0
CVS Health Corp.	COM	126650100	521,870	6,543	SH		SOLE		6,543	0	0
Deere & Co.	COM	244199105	560,660	1,365	SH		SOLE		1,365	0	0
Disney (Walt) Co	COM	254687106	702,223	5,739	SH		SOLE		5,739	0	0
Dominion Energy Inc.	COM	25746U109	220,111	4,475	SH		SOLE		4,475	0	0
Dow Inc.	COM	260557103	325,928	5,626	SH		SOLE		5,626	0	0
DuPont de Nemours Inc.	COM	26614N102	246,887	3,220	SH		SOLE		3,220	0	0
Eaton Corp.	SHS	G29183103	388,661	1,243	SH		SOLE		1,243	0	0
Equifax Inc.	COM	294429105	700,902	2,620	SH		SOLE		2,620	0	0
Exxon Mobil Corporation	COM	30231G102	1,380,503	11,876	SH		SOLE		11,876	0	0
Financial Select Sector SPDR ETF	FINANCIAL	81369Y605	227,448	5,400	SH		SOLE		5,400	0	0
GE Healthcare Technologies Inc.	COMMON STOCK	36266G107	276,277	3,039	SH		SOLE		3,039	0	0
General Dynamics Corp.	COM	369550108	226,274	801	SH		SOLE		801	0	0
General Electric Company	COM	369604103	1,598,918	9,109	SH		SOLE		9,109	0	0
Global Payments Inc.	COM	37940X102	361,149	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	620,753	1,486	SH		SOLE		1,486	0	0
Goodyear Tire & Rubber Co	COM	382550101	222,261	16,188	SH		SOLE		16,188	0	0
Hanes Brands	COM	410345102	112,485	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	787,407	44,411	SH		SOLE		44,411	0	0
Hexcel Corp.	COM	428291108	236,107	3,241	SH		SOLE		3,241	0	0
Home Depot	COM	437076102	2,668,656	6,957	SH		SOLE		6,957	0	0
Honeywell International Inc.	COM	438516106	768,251	3,743	SH		SOLE		3,743	0	0
HP Inc.	COM	40434L105	1,313,036	43,449	SH		SOLE		43,449	0	0
Illinois Tool Works	COM	452308109	903,467	3,367	SH		SOLE		3,367	0	0
Intel Corp	COM	458140100	2,224,374	50,359	SH		SOLE		50,359	0	0
International Business Machines	COM	459200101	1,463,928	7,666	SH		SOLE		7,666	0	0
International Flavors and Fragrances	COM	459506101	317,561	3,693	SH		SOLE		3,693	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	725,718	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	586,086	9,649	SH		SOLE		9,649	0	0
iShares Dow Jones U.S. Financial Services Index	U.S. FIN SVC ETF	464287770	221,774	3,345	SH		SOLE		3,345	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	404,808	6,540	SH		SOLE		6,540	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	460,516	4,437	SH		SOLE		4,437	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,667,429	20,879	SH		SOLE		20,879	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	441,093	6,965	SH		SOLE		6,965	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	276,854	4,809	SH		SOLE		4,809	0	0
Ishares Russell 1000 ETF	RUS 1000 ETF	464287622	211,516	734	SH		SOLE		734	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	458,735	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	2,026,879	9,638	SH		SOLE		9,638	0	0
iShares Russell 2000 Value Index	RUS 2000 VAL ETF	464287630	210,423	1,325	SH		SOLE		1,325	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	1,258,598	2,394	SH		SOLE		2,394	0	0
Johnson & Johnson	COM	478160104	1,355,560	8,569	SH		SOLE		8,569	0	0
JP Morgan Chase & Co.	COM	46625H100	5,539,307	27,655	SH		SOLE		27,655	0	0
Kellanova Company	COM	487836108	322,228	5,625	SH		SOLE		5,625	0	0
Kemper Corporation	COM	488401100	434,059	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	283,361	1,812	SH		SOLE		1,812	0	0
Kimberly-Clark Corp	COM	494368103	1,315,438	10,170	SH		SOLE		10,170	0	0
L3Harris Technologies Inc.	COM	502431109	653,791	3,068	SH		SOLE		3,068	0	0
Laboratory Corp. of America	COM	50540R409	216,712	992	SH		SOLE		992	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	321,014	5,465	SH		SOLE		5,465	0	0
Lilly (Eli) & C.	COM	532457108	1,157,604	1,488	SH		SOLE		1,488	0	0
Lowes Co Inc	COM	548661107	302,737	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	968,409	4,806	SH		SOLE		4,806	0	0
McDonalds Corp	COM	580135101	1,227,573	4,354	SH		SOLE		4,354	0	0
McKesson Corporation	COM	58155Q103	637,241	1,187	SH		SOLE		1,187	0	0
Medtronic Inc	COM	585055106	478,279	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	1,130,418	8,567	SH		SOLE		8,567	0	0
Microsoft Corp	COM	594918104	6,052,390	14,386	SH		SOLE		14,386	0	0
Motorola Solutions Inc.	COM	620076307	436,270	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	380,776	5,958	SH		SOLE		5,958	0	0
Norfolk Southern Corp	COM	655844108	1,052,839	4,131	SH		SOLE		4,131	0	0
Northrop Grumman Corp	COM	666807102	1,287,595	2,690	SH		SOLE		2,690	0	0
NVIDIA Corp.	COM	67066G104	432,211	478	SH		SOLE		478	0	0
Occidental Petroleum	COM	674599105	430,754	6,628	SH		SOLE		6,628	0	0
Oracle Corporation	COM	68389X105	336,760	2,681	SH		SOLE		2,681	0	0
Pepsico Inc.	COM	713448108	2,879,404	16,453	SH		SOLE		16,453	0	0
Pfizer Inc.	COM	717081103	1,423,545	51,299	SH		SOLE		51,299	0	0
PG&E Corp	COM	69331C108	215,182	12,839	SH		SOLE		12,839	0	0
Phillips 66	COM	718546104	553,193	3,387	SH		SOLE		3,387	0	0
Procter & Gamble Co.	COM	742718109	1,312,556	8,090	SH		SOLE		8,090	0	0
QUALCOMM Inc.	COM	747525103	984,340	5,814	SH		SOLE		5,814	0	0
Raytheon Technologies Corp.	COM	75513E101	1,530,469	15,692	SH		SOLE		15,692	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	865,526	2,590	SH		SOLE		2,590	0	0
Salesforce.com	COM	79466L302	212,332	705	SH		SOLE		705	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	985,198	39,018	SH		SOLE		39,018	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	7,395,557	189,532	SH		SOLE		189,532	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	28,988,744	467,108	SH		SOLE		467,108	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	2,887,680	31,144	SH		SOLE		31,144	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	981,662	12,920	SH		SOLE		12,920	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	2,017,207	24,772	SH		SOLE		24,772	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	7,890,796	160,252	SH		SOLE		160,252	0	0
Southern Company	COM	842587107	262,784	3,663	SH		SOLE		3,663	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	450,716	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	526,071	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	409,761	1,145	SH		SOLE		1,145	0	0
Synchrony Financial	COM	87165B103	270,453	6,272	SH		SOLE		6,272	0	0
Sysco Corp.	COM	871829107	354,757	4,370	SH		SOLE		4,370	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	939,298	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	722,449	4,147	SH		SOLE		4,147	0	0
TJX Companies	COM	872540109	437,830	4,317	SH		SOLE		4,317	0	0
Trane Technologies plc	SHS	G8994E103	213,442	711	SH		SOLE		711	0	0
Travelers Companies	COM	89417E109	452,458	1,966	SH		SOLE		1,966	0	0
Union Pacific Corp.	COM	907818108	246,422	1,002	SH		SOLE		1,002	0	0
UnitedHealth Group Inc.	COM	910581107	6,726,931	13,598	SH		SOLE		13,598	0	0
Valero Energy Corp.	COM	91913Y100	264,570	1,550	SH		SOLE		1,550	0	0
Vanguard Dividend Appreciation ETF	DIV APP ETF	921908844	200,523	1,098	SH		SOLE		1,098	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,383,377	10,504	SH		SOLE		10,504	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	285,969	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	823,987	2,394	SH		SOLE		2,394	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	470,164	1,738	SH		SOLE		1,738	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	251,475	1,030	SH		SOLE		1,030	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	776,822	3,240	SH		SOLE		3,240	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	459,426	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	383,470	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	546,208	2,095	SH		SOLE		2,095	0	0
Verizon Communications	COM	92343V104	1,098,674	26,184	SH		SOLE		26,184	0	0
Viatris Inc.	COM	92556V106	504,409	42,245	SH		SOLE		42,245	0	0
Wal-Mart Stores Inc	COM	931142103	716,126	11,902	SH		SOLE		11,902	0	0
Wells Fargo	COM	949746101	584,840	10,090	SH		SOLE		10,090	0	0
Weyerhaeuser Corp.	COM NEW	962166104	300,172	8,359	SH		SOLE		8,359	0	0
Whirlpool Corp	COM	963320106	220,000	1,839	SH		SOLE		1,839	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	419,866	234	SH		SOLE		234	0	0