ATHENA INVESTMENT MANAGEMENT
Q3 2026 Form 13-F
ORINDA, CALIFORNIA
CIK 0001921093
· CRD 106542
· SEC-registered investment adviser
$114.0M Reported Value Total
ATHENA INVESTMENT MANAGEMENT reports 399 total accounts under management (AUM). There are 395 discretionary accounts valued at $341,411,210, and 4 non-discretionary accounts valued at $711,452.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered
Discretionary & Non-Discretionary
Source: Form ADV filed 2026-03-31
Reported value
$114.0M
Quarter over quarter
+0.2%
Holdings
116
Top-10 concentration
45.0%
Key People
Form ADV owners & control persons
Jack Edward Andrews
PRESIDENT, CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER, CORPORATE SECRETARY, AND DIRECTOR
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13F Metrics
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Q3 2026 13F record
Q3 2026 13F filing summary
| Period of report | September 30, 2026 |
|---|---|
| Filed | November 10, 2026 |
| Form | 13F-HR |
| Reported value | $114.0M |
| Positions | 116 |
| Change in reported value | -32.4% |
| New positions | 5 |
| Exited positions | 21 |
| Position turnover | 19.0% |
| Top-10 concentration | 45.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 10, 2026
|
116 | $114.0M |
|
Q2 2026 13F
Filed Aug 6, 2026
|
132 | $168.7M |
|
Q1 2026 13F
Filed May 12, 2026
|
153 | $192.8M |
|
Q4 2025 13F
Filed Feb 12, 2026
|
155 | $195.2M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
155 | $192.0M |
|
Q2 2025 13F
Filed Aug 12, 2025
|
155 | $178.9M |
|
Q1 2025 13F
Filed May 12, 2025
|
146 | $165.1M |
|
Q4 2024 13F
Filed Feb 5, 2025
|
154 | $172.6M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
151 | $175.4M |
|
Q2 2024 13F
Filed Aug 7, 2024
|
148 | $164.9M |
|
Q1 2024 13F
Filed May 9, 2024
|
149 | $166.6M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
139 | $154.2M |
|
Q3 2023 13F
Filed Nov 17, 2023
|
135 | $139.7M |
|
Q2 2023 13F
Filed Aug 1, 2023
|
137 | $145.3M |
|
Q1 2023 13F
Filed May 10, 2023
|
137 | $139.0M |
|
Q4 2022 13F
Filed Feb 24, 2023
|
136 | $136.3M |
|
Q3 2022 13F
Filed Nov 10, 2022
|
128 | $119.1M |
|
Q2 2022 13F
Filed Aug 3, 2022
|
129 | $126.8M |
|
Q1 2022 13F
Filed May 16, 2022
|
119 | $128.9M |
Top 20 holdings · Q3 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SCHX Schwab U.S. Large-Cap ETF | $21.0M | 18.38% |
| 2 | SCHA Schwab U.S. Small-Cap ETF | $5.8M | 5.05% |
| 3 | SCHF Schwab International Equity ETF | $4.9M | 4.28% |
| 4 | SCHG Schwab U.S. Large-Cap Growth ETF | $3.6M | 3.14% |
| 5 | JPM JP Morgan Chase & Co. | $3.5M | 3.09% |
| 6 | MSFT Microsoft Corp | $2.8M | 2.43% |
| 7 | AAPL Apple Inc. | $2.8M | 2.41% |
| 8 | VV Vanguard Large Cap ETF | $2.6M | 2.3% |
| 9 | IWM iShares Russell 2000 Index | $2.2M | 1.97% |
| 10 | INTC Intel Corp | $2.2M | 1.95% |
| 11 | VUG Vanguard Growth ETF | $2.0M | 1.72% |
| 12 | XLK Technology Select Sector SPDR ETF | $1.8M | 1.61% |
| 13 | VEA Vanguard FTSE Developed Markets ETF | $1.8M | 1.57% |
| 14 | 910581107 UnitedHealth Group Inc. | $1.7M | 1.52% |
| 15 | SCHM Schwab U.S. Mid-Cap ETF | $1.7M | 1.48% |
| 16 | IVV iShares S&P 500 Index | $1.5M | 1.33% |
| 17 | AVGO Broadcom Inc. | $1.4M | 1.26% |
| 18 | RTX RTX Corp. | $1.4M | 1.25% |
| 19 | GE GE Aerospace | $1.3M | 1.13% |
| 20 | SCHV Schwab U.S. Large-Cap Value ETF | $1.3M | 1.12% |
Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.