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	1,238,781	10,952	SH		SOLE		10,952	0	0
AbbVie Inc.	COM	00287Y109	2,023,292	11,386	SH		SOLE		11,386	0	0
Accenture Ltd.	SHS CLASS A	G1151C101	249,419	709	SH		SOLE		709	0	0
Aflac Inc	COM	001055102	1,867,609	18,055	SH		SOLE		18,055	0	0
Agilent Technologies	COM	00846U101	370,241	2,756	SH		SOLE		2,756	0	0
Air Products & Chemicals	COM	009158106	340,507	1,174	SH		SOLE		1,174	0	0
Allstate Corporation	COM	020002101	319,839	1,659	SH		SOLE		1,659	0	0
Alphabet Inc. Cl. A	CAP STK CL A	02079K305	898,229	4,745	SH		SOLE		4,745	0	0
Alphabet Inc. Cl. C	CAP STK CL C	02079K107	405,828	2,131	SH		SOLE		2,131	0	0
Amazon.com Inc	COM	023135106	250,324	1,141	SH		SOLE		1,141	0	0
American Express Company	COM	025816109	752,659	2,536	SH		SOLE		2,536	0	0
Amgen Incorporated	COM	031162100	996,684	3,824	SH		SOLE		3,824	0	0
Amphenol Corp	CL A	032095101	436,632	6,287	SH		SOLE		6,287	0	0
Analog Devices	COM	032654105	473,573	2,229	SH		SOLE		2,229	0	0
Apple Inc.	COM	037833100	4,167,818	16,643	SH		SOLE		16,643	0	0
Applied Materials	COM	038222105	439,286	2,701	SH		SOLE		2,701	0	0
Archer-Daniels-Midland Co	COM	039483102	740,067	14,649	SH		SOLE		14,649	0	0
AT&T Inc.	COM	001957109	1,036,559	45,523	SH		SOLE		45,523	0	0
Automatic Data Processing	COM	053015103	546,234	1,866	SH		SOLE		1,866	0	0
Avery Dennison Corp	COM	053611109	308,390	1,648	SH		SOLE		1,648	0	0
Bank of America Corp	COM	06605F102	1,292,978	29,419	SH		SOLE		29,419	0	0
Berkshire Hathaway Cl. B	CL B NEW	084670702	1,068,117	2,356	SH		SOLE		2,356	0	0
Boeing Co	COM	097023105	634,004	3,582	SH		SOLE		3,582	0	0
Bristol-Myers Squibb Co	COM	110122108	843,592	14,915	SH		SOLE		14,915	0	0
Broadcom Inc.	COM	11135F101	1,433,003	6,181	SH		SOLE		6,181	0	0
Cardinal Health Inc.	COM	14149Y108	314,835	2,662	SH		SOLE		2,662	0	0
Carrier Global Corp.	COM	14448C104	458,298	6,714	SH		SOLE		6,714	0	0
Caterpillar Inc	COM	149123101	619,957	1,709	SH		SOLE		1,709	0	0
Centerpoint Energy	COM	15189T107	267,611	8,434	SH		SOLE		8,434	0	0
Charles Schwab Corp.	COM	808513105	570,469	7,708	SH		SOLE		7,708	0	0
Chevron Corporation	COM	166764100	1,461,870	10,093	SH		SOLE		10,093	0	0
Cisco Systems Inc.	COM	17275R102	1,018,832	17,210	SH		SOLE		17,210	0	0
Coca-Cola Company	COM	191216100	267,691	4,300	SH		SOLE		4,300	0	0
Comcast Corporation Class A	CL A	20030N101	365,279	9,733	SH		SOLE		9,733	0	0
ConocoPhillips	COM	20825C104	490,296	4,944	SH		SOLE		4,944	0	0
Constellation Brands Cl. A	COM	21036P108	521,118	2,358	SH		SOLE		2,358	0	0
Constellation Energy Corp.	COM	21037T109	414,311	1,852	SH		SOLE		1,852	0	0
Consumer Discretionery SPDR ETF	SBI CONS DISCR	81369Y407	751,573	3,350	SH		SOLE		3,350	0	0
Corteva Inc.	COM	22052L104	212,404	3,729	SH		SOLE		3,729	0	0
Costco Wholesale Corp.	COM	22160K105	210,788	230	SH		SOLE		230	0	0
Curtiss-Wright Corporation	COM	231561101	301,994	851	SH		SOLE		851	0	0
CVS Health Corp.	COM	126650100	278,004	6,193	SH		SOLE		6,193	0	0
Deere & Co.	COM	244199105	557,166	1,315	SH		SOLE		1,315	0	0
Disney (Walt) Co	COM	254687106	649,281	5,831	SH		SOLE		5,831	0	0
Dow Inc.	COM	260557103	233,236	5,812	SH		SOLE		5,812	0	0
DuPont de Nemours Inc.	COM	26614N102	244,686	3,209	SH		SOLE		3,209	0	0
Eaton Corp.	SHS	G29183103	325,896	982	SH		SOLE		982	0	0
Equifax Inc.	COM	294429105	660,062	2,590	SH		SOLE		2,590	0	0
Exxon Mobil Corporation	COM	30231G102	1,330,426	12,368	SH		SOLE		12,368	0	0
Financial Select Sector SPDR ETF	FINANCIAL	81369Y605	260,982	5,400	SH		SOLE		5,400	0	0
GE Aerospace	COM NEW	369604103	1,485,932	8,909	SH		SOLE		8,909	0	0
GE Healthcare Technologies Inc.	COMMON STOCK	36266G107	231,100	2,956	SH		SOLE		2,956	0	0
GE Vernova Inc	COM	36828A101	543,392	1,652	SH		SOLE		1,652	0	0
General Dynamics Corp.	COM	369550108	204,468	776	SH		SOLE		776	0	0
Global Payments Inc.	COM	37940X102	302,786	2,702	SH		SOLE		2,702	0	0
Goldman Sachs	COM	38141G104	741,543	1,295	SH		SOLE		1,295	0	0
Goodyear Tire & Rubber Co	COM	382550101	142,848	15,872	SH		SOLE		15,872	0	0
Hanes Brands	COM	410345102	157,867	19,394	SH		SOLE		19,394	0	0
Hewlett Packard Enterprises	COM	42824C109	927,273	43,432	SH		SOLE		43,432	0	0
Hexcel Corp.	COM	428291108	203,211	3,241	SH		SOLE		3,241	0	0
Home Depot	COM	437076102	2,470,348	6,351	SH		SOLE		6,351	0	0
Honeywell International Inc.	COM	438516106	844,603	3,739	SH		SOLE		3,739	0	0
HP Inc.	COM	40434L105	1,402,568	42,984	SH		SOLE		42,984	0	0
Illinois Tool Works	COM	452308109	842,073	3,321	SH		SOLE		3,321	0	0
Intel Corp	COM	458140100	947,515	47,258	SH		SOLE		47,258	0	0
International Business Machines	COM	459200101	1,466,926	6,673	SH		SOLE		6,673	0	0
International Flavors and Fragrances	COM	459506101	312,243	3,693	SH		SOLE		3,693	0	0
Invesco QQQ Trust	UNIT SER 1	46090E103	777,817	1,521	SH		SOLE		1,521	0	0
iShares Core S&P Mid-Cap ETF	CORE S&P MCP ETF	464287507	601,020	9,646	SH		SOLE		9,646	0	0
iShares Dow Jones U.S. Financial Services Index	U.S. FIN SVC ETF	464287770	260,274	3,345	SH		SOLE		3,345	0	0
iShares Dow Jones U.S. Healthcare Sector Index	US HLTHCARE ETF	464287762	381,409	6,546	SH		SOLE		6,546	0	0
iShares MSCI EAFE Growth Index	EAFE GRWTH ETF	464288885	438,446	4,528	SH		SOLE		4,528	0	0
IShares MSCI EAFE Index	MSCI EAFE ETF	464287465	1,577,935	20,869	SH		SOLE		20,869	0	0
iShares MSCI EAFE Small Cap Index	EAFE SML CP ETF	464288273	500,884	8,245	SH		SOLE		8,245	0	0
iShares MSCI Emerging Markets ex-China	MSCI EMRG CHN	46434G764	274,977	4,959	SH		SOLE		4,959	0	0
Ishares Russell 1000 ETF	RUS 1000 ETF	464287622	231,425	718	SH		SOLE		718	0	0
iShares Russell 2000 Growth Index	RUS 2000 GRW ETF	464287648	487,567	1,694	SH		SOLE		1,694	0	0
iShares Russell 2000 Index	RUSSELL 2000 ETF	464287655	2,129,621	9,638	SH		SOLE		9,638	0	0
iShares Russell 2000 Value Index	RUS 2000 VAL ETF	464287630	217,525	1,325	SH		SOLE		1,325	0	0
IShares Russell Mid-Cap Growth ETF	RUS MD CP GR ETF	464287481	205,870	1,624	SH		SOLE		1,624	0	0
iShares Russell Mid-Cap Index	RUS MID CAP ETF	464287499	207,935	2,352	SH		SOLE		2,352	0	0
iShares S&P 500 Index	CORE S&P500 ETF	464287200	1,391,051	2,363	SH		SOLE		2,363	0	0
Johnson & Johnson	COM	478160104	1,237,797	8,559	SH		SOLE		8,559	0	0
JP Morgan Chase & Co.	COM	46625H100	6,340,090	26,449	SH		SOLE		26,449	0	0
Kellanova Company	COM	487836108	436,752	5,394	SH		SOLE		5,394	0	0
Kemper Corporation	COM	488401100	419,236	6,310	SH		SOLE		6,310	0	0
Keysight Technologies	COM	49338L103	327,043	2,036	SH		SOLE		2,036	0	0
Kimberly-Clark Corp	COM	494368103	1,318,476	10,062	SH		SOLE		10,062	0	0
Kinder Morgan, Inc.	COM	49456B101	241,613	8,818	SH		SOLE		8,818	0	0
L3Harris Technologies Inc.	COM	502431109	645,139	3,068	SH		SOLE		3,068	0	0
Labcorp Holdings Inc.	COM SHS	50540R409	237,805	1,037	SH		SOLE		1,037	0	0
Liberty Formula One Group	COM SER A FRMLA	531229870	444,656	5,291	SH		SOLE		5,291	0	0
Lilly (Eli) & C.	COM	532457108	1,087,748	1,409	SH		SOLE		1,409	0	0
Lowes Co Inc	COM	548661107	293,313	1,188	SH		SOLE		1,188	0	0
Marathon Petroleum Corp.	COM	56585A102	628,587	4,506	SH		SOLE		4,506	0	0
McDonalds Corp	COM	580135101	1,211,740	4,180	SH		SOLE		4,180	0	0
McKesson Corporation	COM	58155Q103	482,714	847	SH		SOLE		847	0	0
Medtronic Inc	COM	585055106	438,381	5,488	SH		SOLE		5,488	0	0
Merck & Company Inc	COM	58933Y105	837,669	8,420	SH		SOLE		8,420	0	0
Microsoft Corp	COM	594918104	5,948,630	14,113	SH		SOLE		14,113	0	0
Morgan Stanley	COM NEW	617446448	234,342	1,864	SH		SOLE		1,864	0	0
Motorola Solutions Inc.	COM	620076307	542,196	1,173	SH		SOLE		1,173	0	0
NextEra Energy	COM	65339F101	427,129	5,958	SH		SOLE		5,958	0	0
Norfolk Southern Corp	COM	655844108	867,686	3,697	SH		SOLE		3,697	0	0
Northrop Grumman Corp	COM	666807102	1,262,390	2,690	SH		SOLE		2,690	0	0
NVIDIA Corp.	COM	67066G104	622,625	4,636	SH		SOLE		4,636	0	0
Occidental Petroleum	COM	674599105	316,718	6,410	SH		SOLE		6,410	0	0
Oracle Corporation	COM	68389X105	389,604	2,338	SH		SOLE		2,338	0	0
Pepsico Inc.	COM	713448108	2,499,969	16,441	SH		SOLE		16,441	0	0
Pfizer Inc.	COM	717081103	1,362,789	51,368	SH		SOLE		51,368	0	0
PG&E Corp	COM	69331C108	248,416	12,310	SH		SOLE		12,310	0	0
Phillips 66	COM	718546104	370,159	3,249	SH		SOLE		3,249	0	0
Procter & Gamble Co.	COM	742718109	1,121,363	6,689	SH		SOLE		6,689	0	0
QUALCOMM Inc.	COM	747525103	868,902	5,656	SH		SOLE		5,656	0	0
Reliance Steel & &Aluminum Co.	COM	759509102	665,341	2,471	SH		SOLE		2,471	0	0
RTX Corp.	COM	75513E101	1,806,158	15,608	SH		SOLE		15,608	0	0
Salesforce Inc	COM	79466L302	235,703	705	SH		SOLE		705	0	0
Schwab Emerging Markets Equity ETF	EMRG MKTEQ ETF	808524706	1,145,303	43,008	SH		SOLE		43,008	0	0
Schwab International Equity ETF	INTL EQTY ETF	808524805	7,120,539	384,894	SH		SOLE		384,894	0	0
Schwab U.S. Large-Cap ETF	US LRG CAP ETF	808524201	31,825,931	1,372,991	SH		SOLE		1,372,991	0	0
Schwab U.S. Large-Cap Growth ETF	US LCAP GR ETF	808524300	3,518,225	126,237	SH		SOLE		126,237	0	0
Schwab U.S. Large-Cap Value ETF	US LCAP VA ETF	808524409	1,031,981	39,585	SH		SOLE		39,585	0	0
Schwab U.S. Mid-Cap ETF	US MID-CAP ETF	808524508	2,189,450	79,013	SH		SOLE		79,013	0	0
Schwab U.S. Small-Cap ETF	US SML CAP ETF	808524607	8,417,327	325,496	SH		SOLE		325,496	0	0
Southern Company	COM	842587107	257,085	3,123	SH		SOLE		3,123	0	0
SPDR Dow Jones Industrial Avg. ETF	UT SER 1	78467X109	482,149	1,133	SH		SOLE		1,133	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	589,443	1,006	SH		SOLE		1,006	0	0
Stryker Corp.	COM	863667101	384,533	1,068	SH		SOLE		1,068	0	0
Synchrony Financial	COM	87165B103	224,126	3,448	SH		SOLE		3,448	0	0
Sysco Corp.	COM	871829107	342,694	4,482	SH		SOLE		4,482	0	0
Technology Select Sector SPDR ETF	TECHNOLOGY	81369Y803	1,048,665	4,510	SH		SOLE		4,510	0	0
Texas Instruments, Inc.	COM	882508104	683,099	3,643	SH		SOLE		3,643	0	0
TJX Companies	COM	872540109	430,084	3,560	SH		SOLE		3,560	0	0
Trane Technologies plc	SHS	G8994E103	234,168	634	SH		SOLE		634	0	0
Travelers Companies	COM	89417E109	472,867	1,963	SH		SOLE		1,963	0	0
Union Pacific Corp.	COM	907818108	228,496	1,002	SH		SOLE		1,002	0	0
UnitedHealth Group Inc.	COM	910581107	6,282,526	12,419	SH		SOLE		12,419	0	0
Vanguard Energy Sector ETF	ENERGY ETF	92204A306	1,259,926	10,386	SH		SOLE		10,386	0	0
Vanguard FTSE All-World Ex-US Small Cap ETF	FTSE SMCAP ETF	922042718	206,064	1,800	SH		SOLE		1,800	0	0
Vanguard FTSE Developed Markets ETF	VAN FTSE DEV MKT	921943858	272,574	5,700	SH		SOLE		5,700	0	0
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	200,382	4,550	SH		SOLE		4,550	0	0
Vanguard Growth ETF	GROWTH ETF	922908736	1,095,842	2,670	SH		SOLE		2,670	0	0
Vanguard Health Care Sector ETF	HEALTH CAR ETF	92204A504	679,128	2,677	SH		SOLE		2,677	0	0
Vanguard Industrial Sector ETF	INDUSTRIAL ETF	92204A603	262,022	1,030	SH		SOLE		1,030	0	0
Vanguard Large Cap ETF	LARGE CAP ETF	922908637	1,070,709	3,970	SH		SOLE		3,970	0	0
Vanguard Mid-Cap ETF	MID CAP ETF	922908629	485,664	1,839	SH		SOLE		1,839	0	0
Vanguard Small Cap Value ETF	SM CP VAL ETF	922908611	396,060	1,998	SH		SOLE		1,998	0	0
Vanguard Small-Cap Growth ETF	SML CP GRW ETF	922908595	616,132	2,200	SH		SOLE		2,200	0	0
Verizon Communications	COM	92343V104	1,033,222	25,837	SH		SOLE		25,837	0	0
Viatris Inc.	COM	92556V106	666,000	53,494	SH		SOLE		53,494	0	0
Wal-Mart Stores Inc	COM	931142103	867,785	9,605	SH		SOLE		9,605	0	0
Wells Fargo	COM	949746101	680,696	9,691	SH		SOLE		9,691	0	0
Weyerhaeuser Corp.	COM NEW	962166104	225,904	8,025	SH		SOLE		8,025	0	0
White Mountain Insurance Group Ltd.	COM	G9618E107	449,309	231	SH		SOLE		231	0	0