Athena Investment Management
SEC Form 13F institutional filer · CIK 0001921093
13F-HR · 116 reported holdings · 2026-03-31
Reported long-US-equity value
$0.17B
Top-10 concentration
54.5%
Athena Investment Management — $175M AUM allocation strategy
Athena Investment Management files SEC Form 13F and reports $175M of long US equity value across 116 reported holdings for 2026-03-31.
Its largest sector bet is Financials 40.2%, followed by Information Technology 8.7% and Health Care 4.5%.
The top 10 holdings account for 54% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Athena Investment Management — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$175M
total across 116 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
54% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$VTRS +8.25K sh · +$179K+$SYF +1.8K sh · +$63.8K+$WMT +1.71K sh · +$298K
Biggest trims (shares)
−$OXY −2.04K sh · −$3.21K−$PEP −2K sh · −$117K−$T −1.07K sh · +$157K
Exited to nil (held last quarter, gone now)
$MCK ($375K last qtr)$ETN ($221K last qtr)$GPN ($209K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Investment Banking & Brokerage35.1%—
- Aerospace & Defense4.1%—
- Diversified Banks4.1%—
- Systems Software3.0%—
- Technology Hardware, Storage & Peripherals2.5%—
- Integrated Oil & Gas2.4%—
- Semiconductors2.4%—
- Managed Health Care1.9%—
- Other holdings44.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $SCHW | Charles Schwab Corporation | 2.29M | $61.3M | +821 | 35.1% |
| $JPM | JP Morgan Chase & Co | 24.3K | $7.14M | -4 | 4.1% |
| $MSFT | Microsoft Corporation | 13.9K | $5.15M | -23 | 3.0% |
| $AAPL | Apple Inc | 17K | $4.32M | -8 | 2.5% |
| $UNH | UnitedHealth Group Incorporated | 12.4K | $3.34M | +0 | 1.9% |
| $RTX | RTX Corporation | 15.3K | $2.94M | -35 | 1.7% |
| $ABBV | AbbVie Inc | 11.3K | $2.47M | +0 | 1.4% |
| $GE | GE Aerospace | 8.34K | $2.37M | -29 | 1.4% |
| $PEP | PepsiCo Inc | 14.4K | $2.23M | -2K | 1.3% |
…and 107 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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