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	1,138,022	10,952	SH		SOLE		10,952	0	0
AbbVie Inc.	COM	00287Y109	1,954,813	11,397	SH		SOLE		11,397	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	249,403	822	SH		SOLE		822	0	0
Aflac Inc	COM	001055102	1,736,276	19,441	SH		SOLE		19,441	0	0
Agilent Technologies	COM	00846U101	357,260	2,756	SH		SOLE		2,756	0	0
Air Products & Chemicals	COM	009158106	310,176	1,202	SH		SOLE		1,202	0	0
Allstate Corporation	COM	020002101	297,447	1,863	SH		SOLE		1,863	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	776,323	4,262	SH		SOLE		4,262	0	0
Alphabet Inc. Cl. C	CAP STK CL C	02079K107	390,868	2,131	SH		SOLE		2,131	0	0
Amazon.com Inc	COM	023135106	220,498	1,141	SH		SOLE		1,141	0	0
American Express Company	COM	025816109	619,396	2,675	SH		SOLE		2,675	0	0
Amgen Incorporated	COM	031162100	1,205,428	3,858	SH		SOLE		3,858	0	0
Amphenol Corp	CL A	032095101	426,991	6,338	SH		SOLE		6,338	0	0
Analog Devices	COM	032654105	508,792	2,229	SH		SOLE		2,229	0	0
Apple Inc.	COM	037833100	3,609,250	17,136	SH		SOLE		17,136	0	0
Applied Materials	COM	038222105	647,589	2,744	SH		SOLE		2,744	0	0
Archer-Daniels-Midland Co	COM	039483102	863,226	14,280	SH		SOLE		14,280	0	0
AT&T Inc.	COM	001957109	808,582	42,312	SH		SOLE		42,312	0	0
Automatic Data Processing	COM	053015103	452,079	1,894	SH		SOLE		1,894	0	0
Avery Dennison Corp	COM	053611109	369,519	1,690	SH		SOLE		1,690	0	0
Bank of America Corp	COM	06605F102	1,184,720	29,789	SH		SOLE		29,789	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,310,473	3,221	SH		SOLE		3,221	0	0
Boeing Co	COM	097023105	660,868	3,631	SH		SOLE		3,631	0	0
Bristol-Myers Squibb Co	COM	110122108	620,251	14,935	SH		SOLE		14,935	0	0
Broadcom Inc.	COM	11135F101	863,775	538	SH		SOLE		538	0	0
Cardinal Health Inc.	COM	14149Y108	262,613	2,671	SH		SOLE		2,671	0	0
Carrier Global Corp.	COM	14448C104	423,519	6,714	SH		SOLE		6,714	0	0
Caterpillar Inc	COM	149123101	643,216	1,931	SH		SOLE		1,931	0	0
Centerpoint Energy	COM	15189T107	261,285	8,434	SH		SOLE		8,434	0	0
Charles Schwab Corp.	COM	808513105	568,003	7,708	SH		SOLE		7,708	0	0
Chevron Corporation	COM	166764100	1,547,463	9,893	SH		SOLE		9,893	0	0
Cisco Systems Inc.	COM	17275R102	822,731	17,317	SH		SOLE		17,317	0	0
Coca-Cola Company	COM	191216100	276,849	4,350	SH		SOLE		4,350	0	0
Comcast Corporation Class A	CL A	20030N101	382,084	9,757	SH		SOLE		9,757	0	0
ConocoPhillips	COM	20825C104	528,092	4,617	SH		SOLE		4,617	0	0
Constellation Brands Cl. A	COM	21036P108	606,666	2,358	SH		SOLE		2,358	0	0
Constellation Energy Corp.	COM	21037T109	369,498	1,845	SH		SOLE		1,845	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	611,040	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	201,142	3,729	SH		SOLE		3,729	0	0
Costco Wholesale Corp.	COM	22160K105	204,040	240	SH		SOLE		240	0	0
CVS Health Corp.	COM	126650100	391,036	6,621	SH		SOLE		6,621	0	0
Deere & Co.	COM	244199105	510,005	1,365	SH		SOLE		1,365	0	0
Disney (Walt) Co	COM	254687106	569,825	5,739	SH		SOLE		5,739	0	0
Dominion Energy Inc.	COM	25746U109	216,874	4,426	SH		SOLE		4,426	0	0
Dow Inc.	COM	260557103	297,611	5,610	SH		SOLE		5,610	0	0
DuPont de Nemours Inc.	COM	26614N102	258,292	3,209	SH		SOLE		3,209	0	0
Eaton Corp.	SHS	G29183103	376,574	1,201	SH		SOLE		1,201	0	0
Equifax Inc.	COM	294429105	635,245	2,620	SH		SOLE		2,620	0	0
Exxon Mobil Corporation	COM	30231G102	1,425,070	12,379	SH		SOLE		12,379	0	0
Financial Select Sector SPDR ETF	FINANCIAL	81369Y605	221,994	5,400	SH		SOLE		5,400	0	0
GE Aerospace	COM NEW	369604301	1,436,135	9,034	SH		SOLE		9,034	0	0
GE Healthcare Technologies Inc.	COMMON STOCK	36266G107	235,396	3,021	SH		SOLE		3,021	0	0
GE Vernova Inc	COM	36828A101	380,581	2,219	SH		SOLE		2,219	0	0
General Dynamics Corp.	COM	369550108	225,149	776	SH		SOLE		776	0	0
Global Payments Inc.	COM	37940X102	261,283	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	668,981	1,479	SH		SOLE		1,479	0	0
Goodyear Tire & Rubber Co	COM	382550101	180,147	15,872	SH		SOLE		15,872	0	0
Hanes Brands	COM	410345102	95,612	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	922,208	43,562	SH		SOLE		43,562	0	0
Hexcel Corp.	COM	428291108	202,400	3,241	SH		SOLE		3,241	0	0
Home Depot	COM	437076102	2,387,536	6,936	SH		SOLE		6,936	0	0
Honeywell International Inc.	COM	438516106	798,426	3,739	SH		SOLE		3,739	0	0
HP Inc.	COM	40434L105	1,508,206	43,067	SH		SOLE		43,067	0	0
Illinois Tool Works	COM	452308109	797,844	3,367	SH		SOLE		3,367	0	0
Intel Corp	COM	458140100	1,556,293	50,252	SH		SOLE		50,252	0	0
International Business Machines	COM	459200101	1,324,970	7,661	SH		SOLE		7,661	0	0
International Flavors and Fragrances	COM	459506101	351,611	3,693	SH		SOLE		3,693	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	783,087	1,634	SH		SOLE		1,634	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	564,665	9,649	SH		SOLE		9,649	0	0
iShares Dow Jones U.S. Financial Services Index	U.S. FIN SVC ETF	464287770	218,127	3,345	SH		SOLE		3,345	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	400,688	6,540	SH		SOLE		6,540	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	464,135	4,537	SH		SOLE		4,537	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,634,700	20,869	SH		SOLE		20,869	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	409,598	6,645	SH		SOLE		6,645	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	293,573	4,959	SH		SOLE		4,959	0	0
Ishares Russell 1000 ETF	RUS 1000 ETF	464287622	218,500	734	SH		SOLE		734	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	444,726	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	1,955,462	9,638	SH		SOLE		9,638	0	0
iShares Russell 2000 Value Index	RUS 2000 VAL ETF	464287630	201,798	1,325	SH		SOLE		1,325	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	1,293,104	2,363	SH		SOLE		2,363	0	0
Johnson & Johnson	COM	478160104	1,250,978	8,559	SH		SOLE		8,559	0	0
JP Morgan Chase & Co.	COM	46625H100	5,524,125	27,312	SH		SOLE		27,312	0	0
Kellanova Company	COM	487836108	317,759	5,509	SH		SOLE		5,509	0	0
Kemper Corporation	COM	488401100	415,903	7,010	SH		SOLE		7,010	0	0
Keysight Technologies	COM	49338L103	249,706	1,826	SH		SOLE		1,826	0	0
Kimberly-Clark Corp	COM	494368103	1,390,517	10,062	SH		SOLE		10,062	0	0
L3Harris Technologies Inc.	COM	502431109	689,011	3,068	SH		SOLE		3,068	0	0
Laboratory Corp. of America	COM NEW	50540R409	211,650	1,040	SH		SOLE		1,040	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	342,539	5,333	SH		SOLE		5,333	0	0
Lilly (Eli) & C.	COM	532457108	1,287,450	1,422	SH		SOLE		1,422	0	0
Lowes Co Inc	COM	548661107	262,009	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	781,701	4,506	SH		SOLE		4,506	0	0
McDonalds Corp	COM	580135101	1,096,577	4,303	SH		SOLE		4,303	0	0
McKesson Corporation	COM	58155Q103	657,629	1,126	SH		SOLE		1,126	0	0
Medtronic Inc	COM	585055106	431,960	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	1,042,455	8,420	SH		SOLE		8,420	0	0
Microsoft Corp	COM	594918104	6,335,516	14,175	SH		SOLE		14,175	0	0
Motorola Solutions Inc.	COM	620076307	474,455	1,229	SH		SOLE		1,229	0	0
NextEra Energy	COM	65339F101	421,886	5,958	SH		SOLE		5,958	0	0
Norfolk Southern Corp	COM	655844108	875,721	4,079	SH		SOLE		4,079	0	0
Northrop Grumman Corp	COM	666807102	1,172,706	2,690	SH		SOLE		2,690	0	0
NVIDIA Corp.	COM	67066G104	575,872	4,661	SH		SOLE		4,661	0	0
Occidental Petroleum	COM	674599105	417,385	6,622	SH		SOLE		6,622	0	0
Oracle Corporation	COM	68389X105	365,567	2,589	SH		SOLE		2,589	0	0
Pepsico Inc.	COM	713448108	2,712,220	16,445	SH		SOLE		16,445	0	0
Pfizer Inc.	COM	717081103	1,455,292	52,012	SH		SOLE		52,012	0	0
PG&E Corp	COM	69331C108	224,169	12,839	SH		SOLE		12,839	0	0
Phillips 66	COM	718546104	458,661	3,249	SH		SOLE		3,249	0	0
Procter & Gamble Co.	COM	742718109	1,217,228	7,381	SH		SOLE		7,381	0	0
QUALCOMM Inc.	COM	747525103	1,113,452	5,590	SH		SOLE		5,590	0	0
Raytheon Technologies Corp.	COM	75513E101	1,572,609	15,665	SH		SOLE		15,665	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	715,428	2,505	SH		SOLE		2,505	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	1,049,014	39,496	SH		SOLE		39,496	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	7,237,713	188,384	SH		SOLE		188,384	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	29,248,720	455,233	SH		SOLE		455,233	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	3,149,637	31,234	SH		SOLE		31,234	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	957,114	12,920	SH		SOLE		12,920	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	1,966,453	25,266	SH		SOLE		25,266	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	7,646,378	161,146	SH		SOLE		161,146	0	0
Southern Company	COM	842587107	250,008	3,223	SH		SOLE		3,223	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	443,203	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	547,342	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	384,483	1,130	SH		SOLE		1,130	0	0
Synchrony Financial	COM	87165B103	212,407	4,501	SH		SOLE		4,501	0	0
Sysco Corp.	COM	871829107	319,113	4,470	SH		SOLE		4,470	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	1,020,297	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	800,880	4,117	SH		SOLE		4,117	0	0
TJX Companies	COM	872540109	456,475	4,146	SH		SOLE		4,146	0	0
Trane Technologies plc	SHS	G8994E103	230,251	700	SH		SOLE		700	0	0
Travelers Companies	COM	89417E109	399,156	1,963	SH		SOLE		1,963	0	0
Union Pacific Corp.	COM	907818108	226,713	1,002	SH		SOLE		1,002	0	0
UnitedHealth Group Inc.	COM	910581107	6,795,818	13,344	SH		SOLE		13,344	0	0
Valero Energy Corp.	COM	91913Y100	237,491	1,515	SH		SOLE		1,515	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,328,131	10,411	SH		SOLE		10,411	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	281,694	5,700	SH		SOLE		5,700	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	895,350	2,394	SH		SOLE		2,394	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	439,964	1,654	SH		SOLE		1,654	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	242,277	1,030	SH		SOLE		1,030	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	808,769	3,240	SH		SOLE		3,240	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	445,157	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	364,764	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	534,028	2,135	SH		SOLE		2,135	0	0
Verizon Communications	COM	92343V104	1,070,260	25,952	SH		SOLE		25,952	0	0
Viatris Inc.	COM	92556V106	444,472	41,813	SH		SOLE		41,813	0	0
Wal-Mart Stores Inc	COM	931142103	758,535	11,203	SH		SOLE		11,203	0	0
Wells Fargo	COM	949746101	579,528	9,758	SH		SOLE		9,758	0	0
Weyerhaeuser Corp.	COM NEW	962166104	234,473	8,259	SH		SOLE		8,259	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	421,648	232	SH		SOLE		232	0	0