Athena Investment Management

Q4 2025 13F-HR Holdings

Location
Orinda, CA
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
155
Total value ($000)
$195,177
Net value change ($000)
+3,224 (1.7%)
New positions
5
Sold out positions
5
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SCHX 703 2.0%
LLY 381 38.3%
VV 358 17.6%
GOOGL 345 29.6%
VEA 342 41.6%
ACN 307 NEW
SCHWAB STRATEGIC TRUST 299 3.4%
WBD 274 NEW
RTX 245 9.6%
GILD 215 NEW
Top Reduces (Value $000, Stocks/ETFs)
MSFT -462 -6.4%
KEL -409 -100.0%
HD -384 -15.1%
DD -249 -100.0%
KMB -235 -18.9%
VLO -225 -100.0%
HPQ -209 -18.2%
XYL -203 -100.0%
ORCL -193 -30.6%
UnitedHealth Group Inc. -188 -4.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type