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Livermore
Livermore
ZHEN

Athena Investment Management

SEC CIK
0001921093
Latest filing
Aug 6, 2026

The latest 13F from Athena Investment Management covers Q2 2026 (filed Aug 6, 2026): 132 long positions worth $168.7M. The top 10 holdings make up 43.9% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 17.1%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2022.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$2.12M
Added
4
Est. +$288.3K
Reduced
108
Est. −$44.4M
Sold out
25
Est. −$9.66M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    17.1%$28.8M
  2. Schwab U.S. Small-Cap ETF808524607
    5.3%$9.01M
  3. Schwab International Equity ETF808524805
    4.8%$8.08M
  4. JPMJPMorgan Chase & Co
    3.7%$6.21MHistory
  5. INTCIntel Corp
    2.6%$4.36MHistory

Share of portfolio

Top 5 holdings and the other 127 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF17.1%
  2. Schwab U.S. Small-Cap ETF5.3%
  3. Schwab International Equity ETF4.8%
  4. JPM3.7%
  5. INTC2.6%
  6. Other 127 positions66.5%

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$1.36MNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$293.6KNewHistory
  3. iShares Tr464287721
    +$242.1KNew
  4. Vanguard Dividend Appreciation ETF921908844
    +$216.5KNew
  5. Vanguard Ftse Developed Markets ETF921943858
    +$143.8KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. XOMExxonMobil Holdings Corp
    +0.81 pp0.0% → 0.8%History
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +0.45 pp0.6% → 1.1%
  3. Vanguard Morningstar Growth ETF922908736
    +0.33 pp0.9% → 1.2%
  4. Vanguard Ftse Developed Markets ETF921943858
    +0.32 pp0.9% → 1.2%
  5. HONAHoneywell Aerospace Inc.
    +0.17 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Large-Cap ETF808524201
    −$9.62MReduced
  2. Schwab International Equity ETF808524805
    −$2.30MReduced
  3. XOMExxonMobil Holdings Corp
    −$2.07MSold outHistory
  4. INTCIntel Corp
    −$1.90MReducedHistory
  5. AAPLApple Inc.
    −$1.83MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −1.07 pp1.1% → 0.0%History
  2. MSFTMicrosoft Corp
    −0.49 pp2.7% → 2.2%History
  3. Invesco QQQ Trust Series I46090E103
    −0.45 pp0.4% → 0.0%
  4. AAPLApple Inc.
    −0.41 pp2.2% → 1.8%History
  5. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −0.38 pp0.4% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$168.7M
−$24.1M (−12.5%) vs. prior quarter
Positions
132
−21 vs. prior quarter
Top 10 concentration
43.9%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
17.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2022), so positions held before then are understated.

13F filings by quarter

18 quarters, going back to Q1 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $195.2M (Q4 2025)

Q1 2022: $128.9MQ2 2022: $126.8MQ3 2022: $119.1MQ4 2022: $136.3MQ1 2023: $139.0MQ2 2023: $145.3MQ3 2023: $139.7MQ4 2023: $154.2MQ1 2024: $166.6MQ2 2024: $164.9MQ3 2024: $175.4MQ4 2024: $172.6MQ1 2025: $165.1MQ2 2025: $178.9MQ3 2025: $192.0MQ4 2025: $195.2MQ1 2026: $192.8MQ2 2026: $168.7M
Q1 2022Q2 2026
13F filings of Athena Investment Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026132$168.7MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q1 2026SEC
Q1 2026May 12, 2026153$192.8MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab U.S. Small-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026155$195.2MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab U.S. Small-Cap ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025155$192.0MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab U.S. Small-Cap ETFvs. Q2 2025SEC
Q2 2025Aug 12, 2025155$178.9MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab U.S. Small-Cap ETFvs. Q1 2025SEC
Q1 2025May 12, 2025146$165.1MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q4 2024SEC
Q4 2024Feb 5, 2025154$172.6MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024151$175.4MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q2 2024SEC
Q2 2024Aug 7, 2024148$164.9MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q1 2024SEC
Q1 2024May 9, 2024149$166.6MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024139$154.2MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFUnited Healthcarevs. Q3 2023SEC
Q3 2023Nov 17, 2023135$139.7MSchwab U.S. Large-Cap ETFUnited HealthcareSchwab U.S. Small-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 1, 2023137$145.3MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q1 2023SEC
Q1 2023May 10, 2023137$139.0MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFUnited Healthcarevs. Q4 2022SEC
Q4 2022Feb 24, 2023136$136.3MSchwab U.S. Large-Cap ETFUnited HealthcareSchwab U.S. Small-Cap ETFvs. Q3 2022SEC
Q3 2022Nov 10, 2022128$119.1MSchwab U.S. Large-Cap ETFUnited HealthcareSchwab U.S. Small-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 3, 2022129$126.8MSchwab U.S. Large-Cap ETFUnited HealthcareSchwab U.S. Small-Cap ETFvs. Q1 2022SEC
Q1 2022May 16, 2022119$128.9MSchwab U.S. Large-Cap ETFUnited HealthcareSchwab U.S. Small-Cap ETF–SEC