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Athena Investment Management 13F Holdings (132 Positions, Q2 2026)
Athena Investment ManagementCIK: 0001921093
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$168.7M
Reporting period: 2026-06-30 · Number of holdings: 132
Athena Investment Management disclosed 132 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $168.7M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 17.1
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 53.71
- Diversification
- 100
- Sizing Uniformity
- 78.37
Athena Investment Management's disclosed holdings carry a Herfindahl concentration index of 0.043 — mathematically equivalent to about 23 equally-sized positions, well below its 132 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.16), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 45% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd INTC
-30.4% $2.4M
Sold out XOM
Add SCHA
-16.4% $331.2K
New buy 30233Q108
Add 910581107
-19.3% $798.4K
Trim MSFT
-29.3% -$1.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHX | Schwab US Large-cap ETF | ETF-Other | 17.10% | -0.28% | -25.02% | |
| 2 | SCHA | Schwab US Small-cap ETF | ETF-Other | 5.34% | +0.84% | -16.44% | |
| 3 | SCHF | Schwab Intl Equity ETF | ETF-Other | 4.79% | -0.02% | -22.18% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.68% | -0.02% | -21.81% | |
| 5 | INTC | Intel CORP | Stock-Tech | 2.59% | +1.56% | -30.39% | |
| 6 | ✓ | UnitedHealth Group Inc. | Stock-Other | 2.46% | +0.73% | -19.35% | |
| 7 | SCHG | Schwab US Large-cap Growth | ETF-Other | 2.39% | +0.44% | -7.93% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 2.18% | -0.49% | -29.25% | |
| 9 | AAPL | Apple Inc | Stock-Tech | 1.83% | -0.41% | -37.15% | |
| 10 | VV | Vanguard Large-cap ETF | ETF-Other | 1.57% | +0.17% | -15.05% | |
| 11 | AVGO | Broadcom Inc | Stock-Tech | 1.51% | +0.42% | -0.83% | |
| 12 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.48% | +0.24% | -13.58% | |
| 13 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 1.46% | +0.12% | -19.99% | |
| 14 | RTX | Rtx CORP | Stock-Industrials | 1.45% | -0.08% | -15.27% | |
| 15 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 1.36% | +0.13% | -26.41% | |
| 16 | ABBV | Abbvie Inc | Stock-Healthcare | 1.35% | +0.07% | -20.08% | |
| 17 | VUG | Vanguard Growth ETF | ETF-Other | 1.20% | +0.33% | +510.20% | |
| 18 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.18% | +0.32% | +7.80% | |
| 19 | HD | Home Depot Inc | Stock-Consumer Disc | 1.13% | +0.11% | -9.93% | |
| 20 | XLK | Ss Technology Select Sector | ETF-Tech | 1.08% | +0.46% | +5.54% | |
| 21 | AFL | Aflac Inc | Stock-Financials | 1.03% | +0.04% | -14.64% | |
| 22 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.01% | -0.04% | -21.35% | |
| 23 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.97% | -0.19% | -15.78% | |
| 24 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.97% | +0.19% | -5.50% | |
| 25 | AMAT | Applied Materials Inc | Stock-Tech | 0.96% | +0.42% | -26.16% | |
| 26 | IBM | Intl Business Machines CORP | Stock-Tech | 0.93% | +0.12% | -13.58% | |
| 27 | CSCO | Cisco Systems Inc | Stock-Tech | 0.88% | +0.21% | -23.88% | |
| 28 | CVX | Chevron CORP | Stock-Energy | 0.86% | -0.26% | -15.51% | |
| 29 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.86% | +0.06% | -14.02% | |
| 30 | ✓ | Bank of America Corp | Stock-Other | 0.85% | +0.11% | -14.94% | |
| 31 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.81% | -0.14% | — | |
| 32 | ✓ | Stock-Other | 0.81% | +0.81% | NEW | ||
| 33 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.80% | +0.26% | -31.32% | |
| 34 | SCHV | Schwab US Large-cap Value | ETF-Other | 0.79% | +0.18% | -0.16% | |
| 35 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.79% | -0.25% | -35.88% | |
| 36 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.77% | +0.05% | -24.08% | |
| 37 | VDE | Vanguard Energy ETF | ETF-Other | 0.76% | -0.20% | -19.55% | |
| 38 | TXN | Texas Instruments Inc | Stock-Tech | 0.64% | +0.27% | — | |
| 39 | VTRS | Viatris Inc | Stock-Healthcare | 0.62% | +0.11% | -9.01% | |
| 40 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.61% | +0.08% | -7.62% | |
| 41 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.59% | -0.02% | -35.13% | |
| 42 | PFE | Pfizer Inc | Stock-Healthcare | 0.59% | -0.17% | -21.57% | |
| 43 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.59% | +0.10% | +271.78% | |
| 44 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.58% | +0.03% | -13.43% | |
| 45 | CAT | Caterpillar Inc | Stock-Industrials | 0.57% | +0.10% | -29.60% | |
| 46 | VB | Vanguard Small-cap ETF | ETF-Other | 0.55% | +0.06% | -14.72% | |
| 47 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.53% | -0.16% | -20.36% | |
| 48 | VHT | Vanguard Health Care ETF | ETF-Other | 0.48% | +0.08% | -3.03% | |
| 49 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 0.48% | -0.04% | -22.28% | |
| 50 | AMGN | Amgen Inc | Stock-Healthcare | 0.48% | -0.23% | -42.42% |
1–50 of 132
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+23.7%
- Stdev
- +11.8%
- Beta
- +0.86
- Alpha
- +1%
- Max Drawdown
- -6.8%
- Annualized Perf
- +19%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.99
- Stutzer
- +0.45
- Treynor
- +0.21
- Sterling
- +1.23
- Calmar
- +2.78
- Information Ratio
- -0.42
- Tracking Error
- +4.2%
- Stdev Down
- +6.1%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +32.6%
- Worst 12 Months
- +4.2%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.55
- Stdev Sectors
- +8.9%
- Skewness
- -0.25
- Kurtosis
- -0.36
- Upside Potential
- +4.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 132 | $168.7M | 0 | ||
| 2026 Q1 | 153 | $192.8M | 11 | ||
| 2025 Q4 | 155 | $195.2M | 7 | ||
| 2025 Q3 | 155 | $192.0M | 20 | ||
| 2025 Q2 | 155 | $178.9M | 0 | ||
| 2025 Q1 | 146 | $165.1M | 0 | ||
| 2024 Q4 | 154 | $172.6M | 0 | ||
| 2024 Q3 | 151 | $175.4M | 0 | ||
| 2024 Q2 | 148 | $164.9M | 0 | ||
| 2024 Q1 | 149 | $166.6M | 0 | ||
| 2023 Q4 | 139 | $154.2M | 0 | ||
| 2023 Q3 | 135 | $139.7M | 0 | ||
| 2023 Q2 | 137 | $145.3M | 0 | ||
| 2023 Q1 | 137 | $139.0M | 0 | ||
| 2022 Q4 | 136 | $136.3M | 0 | ||
| 2022 Q3 | 128 | $119.1M | 0 | ||
| 2022 Q2 | 129 | $126.8M | 0 | ||
| 2022 Q1 | 119 | $128.9M | 0 |
Holding changes this quarter
Athena Investment Management's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Invesco Qqq Trust Series 1 (QQQ); Sold out: Ss Consumer Disc Select Sect (XLY); Sold out: Travelers Cos Inc/the (TRV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | INTC | Intel CORP | +1.6% | -30.39% | Trim |
| 2 | SCHA | Schwab US Small-cap ETF | +0.8% | -16.44% | Trim |
| 3 | ✓ | +0.8% | NEW | New buy | |
| 4 | ✓ | UnitedHealth Group Inc. | +0.7% | -19.35% | Trim |
| 5 | XLK | Ss Technology Select Sector | +0.5% | +5.54% | Add |
| 6 | SCHG | Schwab US Large-cap Growth | +0.4% | -7.93% | Trim |
| 7 | AMAT | Applied Materials Inc | +0.4% | -26.16% | Trim |
| 8 | AVGO | Broadcom Inc | +0.4% | -0.83% | Trim |
| 9 | VUG | Vanguard Growth ETF | +0.3% | +510.20% | Add |
| 10 | VEA | Vanguard Ftse Developed ETF | +0.3% | +7.80% | Add |
| 11 | TXN | Texas Instruments Inc | +0.3% | — | Unchanged |
| 12 | HPE | Hewlett Packard Enterprise | +0.3% | -31.32% | Trim |
| 13 | IWM | Ishares Russell 2000 ETF | +0.2% | -13.58% | Trim |
| 14 | CSCO | Cisco Systems Inc | +0.2% | -23.88% | Trim |
| 15 | IVV | Ishares Core S&p 500 ETF | +0.2% | -5.50% | Trim |
| 16 | SCHV | Schwab US Large-cap Value | +0.2% | -0.16% | Trim |
| 17 | ✓ | +0.2% | NEW | New buy | |
| 18 | VV | Vanguard Large-cap ETF | +0.2% | -15.05% | Trim |
| 19 | IYW | Ishares Ustechnology ETF | +0.1% | NEW | New buy |
| 20 | VIG | Vanguard Dividend Apprec ETF | +0.1% | NEW | New buy |
| 21 | AEP | American Electric Power Company, Inc. | +0.1% | -26.41% | Trim |
| 22 | KEYS | Keysight Technologies In | +0.1% | -0.15% | Trim |
| 23 | IWO | Ishares Russell 2000 Growth | +0.1% | — | Unchanged |
| 24 | SCHM | Schwab US Mid Cap ETF | +0.1% | -19.99% | Trim |
| 25 | IBM | Intl Business Machines CORP | +0.1% | -13.58% | Trim |
| 26 | VTRS | Viatris Inc | +0.1% | -9.01% | Trim |
| 27 | HD | Home Depot Inc | +0.1% | -9.93% | Trim |
| 28 | ✓ | Bank of America Corp | +0.1% | -14.94% | Trim |
| 29 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.1% | — | Unchanged |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | — | Unchanged |
| 31 | IJH | Ishares Core S&p Midcap ETF | +0.1% | -0.75% | Trim |
| 32 | CAT | Caterpillar Inc | +0.1% | -29.60% | Trim |
| 33 | VO | Vanguard Mid-cap ETF | +0.1% | +271.78% | Add |
| 34 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +2.70% | Add |
| 35 | VHT | Vanguard Health Care ETF | +0.1% | -3.03% | Trim |
| 36 | NSC | Norfolk Southern CORP | +0.1% | -7.62% | Trim |
| 37 | ABBV | Abbvie Inc | +0.1% | -20.08% | Trim |
| 38 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | — | Unchanged |
| 39 | EFG | Ishares Msci Eafe Growth ETF | +0.1% | — | Unchanged |
| 40 | SCHE | Schwab Emrg Mrkts Eqty ETF | +0.1% | -14.02% | Trim |
| 41 | SCZ | Ishares Msci Eafe Small-cap | +0.1% | — | Unchanged |
| 42 | VB | Vanguard Small-cap ETF | +0.1% | -14.72% | Trim |
| 43 | VXUS | Vanguard Total Intl Stock | +0.1% | -8.22% | Trim |
| 44 | ADI | Analog Devices Inc | +0.1% | -19.95% | Trim |
| 45 | GOOGL | Alphabet Inc-cl A | +0.1% | -24.08% | Trim |
| 46 | MS | Morgan Stanley | +0.1% | -8.65% | Trim |
| 47 | SYF | Synchrony Financial | +0.1% | -0.25% | Trim |
| 48 | A | Agilent Technologies Inc | +0.1% | -3.44% | Trim |
| 49 | IYH | Ishares U.s. Healthcare ETF | +0.1% | — | Unchanged |
| 50 | AFL | Aflac Inc | 0% | -14.64% | Trim |
1–50 of 157
Filing History
FAQ
What is Athena Investment Management and what type of investor is it?
Athena Investment Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $168.7M, spread across 132 disclosed positions.
What are Athena Investment Management's largest equity positions?
Based on the latest 13F filing, Athena Investment Management's top holdings by market value are:
1. Schwab US Large-cap ETF (SCHX) — $28.8M (17.1%)
2. Schwab US Small-cap ETF (SCHA) — $9.0M (5.3%)
3. Schwab Intl Equity ETF (SCHF) — $8.1M (4.8%)
4. Jpmorgan Chase & Co (JPM) — $6.2M (3.7%)
5. Intel CORP (INTC) — $4.4M (2.6%)
What changes did Athena Investment Management make in its most recent portfolio filing?
In the latest reported quarter, Athena Investment Management made 141 notable position adjustments: 4 new positions were initiated, 5 existing holdings were added to, 107 positions were partially reduced, and 25 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Invesco Qqq Trust Series 1 (QQQ); Sold out: Ss Consumer Disc Select Sect (XLY); Sold out: Travelers Cos Inc/the (TRV)
What sectors does Athena Investment Management focus on?
Athena Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.1%
• Health Care: 14.4%
• Financials: 13.6%
• Industrials: 13.3%
• Consumer Staples: 7.2%
• Utilities: 4.8%
Investment Profile
Athena Investment Management returned an annualized 19.0% over the trailing 36 months — outperforming the S&P 500 by 1.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 33.1% of the portfolio concentrated in Information Technology.
It has added to its INTC position over the past two quarters (+$2.7M, now $4.4M), while trimming SCHX over the same stretch (-$6.3M, still holding $28.8M).
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