Athena Investment Management Diversified Active

Name: Athena Investment Management Q2 2026 13F Filing | 13F Explorer
Creator: Athena Investment Management
Published: 2026-08-06

Location: Orinda, CA

CIK: 0001921093 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 6, 2026

Total Value: $169M (100.0% shares, 0.0% debt)

Holdings (132)

New Positions (4)

XOM ExxonMobil Holdings Corp 0.8%

Value $1.364M Shares 9,979 Est. Cost $136.72 Unrealized —

HONA Honeywell Aerospace Inc. 0.2%

Value $294K Shares 1,328 Est. Cost $221.08 Unrealized —

IYW iShares U.S. Technology ETF 0.1%

Value $242K Shares 960 Est. Cost $252.23 Unrealized —

VIG Vanguard Dividend Appreciation ETF 0.1%

Value $217K Shares 915 Est. Cost $236.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	ExxonMobil Holdings Corp	9,979	$1.364M	0.8%	$136.72	—	COM	30233Q108
HONA	Honeywell Aerospace Inc.	1,328	$294K	0.2%	$221.08	—	COM	43849R105
IYW	iShares U.S. Technology ETF	960	$242K	0.1%	$252.23	—	U.S. TECH ETF	464287721
VIG	Vanguard Dividend Appreciation ETF	915	$217K	0.1%	$236.64	—	DIV APP ETF	921908844

Increased Positions (5)

XLK Technology Select Sector SPDR ETF 1.1%

Value $1.814M (+51.3%) Shares 9,520 (+5.5%) Est. Cost $153.84 Unrealized —

VUG Vanguard Growth ETF 1.2%

Value $2.02M (+20.3%) Shares 23,450 (+510.2%) Est. Cost $121.42 Unrealized —

VEA Vanguard FTSE Developed Markets ETF 1.2%

Value $1.988M (+19.9%) Shares 27,896 (+7.8%) Est. Cost $56.79 Unrealized —

VWO Vanguard FTSE Emerging Markets ETF 0.3%

Value $589K (+13.4%) Shares 9,874 (+2.7%) Est. Cost $49.42 Unrealized —

VO Vanguard Mid-Cap ETF 0.6%

Value $987K (+4.3%) Shares 12,250 (+271.8%) Est. Cost $126.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLK	Technology Select Sector SPDR ETF	9,520 (+5.5%)	$1.814M (+51.3%)	1.1%	$153.84	—	TECHNOLOGY	81369Y803
VUG	Vanguard Growth ETF	23,450 (+510.2%)	$2.02M (+20.3%)	1.2%	$121.42	—	GROWTH ETF	922908736
VEA	Vanguard FTSE Developed Markets ETF	27,896 (+7.8%)	$1.988M (+19.9%)	1.2%	$56.79	—	VAN FTSE DEV MKT	921943858
VWO	Vanguard FTSE Emerging Markets ETF	9,874 (+2.7%)	$589K (+13.4%)	0.3%	$49.42	—	FTSE EMR MKT ETF	922042858
VO	Vanguard Mid-Cap ETF	12,250 (+271.8%)	$987K (+4.3%)	0.6%	$126.32	—	MID CAP ETF	922908629

Exited Positions (25)

XOM Exxon Mobil Corporation 1.2%

Value $2.07M Shares 12,198 Est. Cost $69.60 Unrealized —

QQQ Invesco QQQ Trust 0.5%

Value $861K Shares 1,491 Est. Cost $551.71 Unrealized —

XLY Consumer Discretionery SPDR ETF 0.4%

Value $730K Shares 6,700 Est. Cost $168.37 Unrealized —

TRV Travelers Companies 0.2%

Value $394K Shares 1,352 Est. Cost $158.85 Unrealized —

— Liberty Formula One Group 0.2%

Value $388K Shares 4,970 Est. Cost $57.90 Unrealized —

TJX TJX Companies 0.2%

Value $356K Shares 2,227 Est. Cost $64.06 Unrealized —

ADP Automatic Data Processing 0.2%

Value $349K Shares 1,716 Est. Cost $199.29 Unrealized —

SYK Stryker Corp. 0.2%

Value $338K Shares 1,029 Est. Cost $239.62 Unrealized —

APD Air Products & Chemicals 0.2%

Value $336K Shares 1,155 Est. Cost $233.05 Unrealized —

ALL Allstate Corporation 0.2%

Value $316K Shares 1,522 Est. Cost $114.28 Unrealized —

AVY Avery Dennison Corp 0.2%

Value $285K Shares 1,648 Est. Cost $173.42 Unrealized —

LOW Lowes Co Inc 0.2%

Value $269K Shares 1,138 Est. Cost $179.56 Unrealized —

CMCSA Comcast Corporation Class A 0.2%

Value $264K Shares 9,179 Est. Cost $41.51 Unrealized —

VLO Valero Energy Corp. 0.2%

Value $261K Shares 1,058 Est. Cost $190.06 Unrealized —

BK Bank of New York Mellon Corp. 0.1%

Value $249K Shares 2,100 Est. Cost $101.35 Unrealized —

GILD Gilead Sciences, Inc. 0.1%

Value $244K Shares 1,749 Est. Cost $120.88 Unrealized —

HXL Hexcel Corp. 0.1%

Value $242K Shares 2,992 Est. Cost $61.40 Unrealized —

ACN Accenture Ltd. 0.1%

Value $227K Shares 1,144 Est. Cost $254.06 Unrealized —

OXY Occidental Petroleum 0.1%

Value $219K Shares 3,373 Est. Cost $41.96 Unrealized —

CAH Cardinal Health Inc. 0.1%

Value $217K Shares 1,025 Est. Cost $71.56 Unrealized —

PCG PG&E Corp 0.1%

Value $216K Shares 12,310 Est. Cost $11.76 Unrealized —

GEHC GE Healthcare Technologies Inc. 0.1%

Value $215K Shares 3,019 Est. Cost $71.76 Unrealized —

UNP Union Pacific Corp. 0.1%

Value $212K Shares 873 Est. Cost $224.04 Unrealized —

VTI Vanguard Total Stock Market ETF 0.1%

Value $204K Shares 637 Est. Cost $320.81 Unrealized —

IWP IShares Russell Mid-Cap Growth ETF 0.1%

Value $204K Shares 1,590 Est. Cost $138.70 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	Exxon Mobil Corporation	12,198	$2.07M	1.2%	$69.60	—	—	30231G102
QQQ	Invesco QQQ Trust	1,491	$861K	0.5%	$551.71	—	—	46090E103
XLY	Consumer Discretionery SPDR ETF	6,700	$730K	0.4%	$168.37	—	—	81369Y407
TRV	Travelers Companies	1,352	$394K	0.2%	$158.85	—	—	89417E109
—	Liberty Formula One Group	4,970	$388K	0.2%	$57.90	—	—	531229870
TJX	TJX Companies	2,227	$356K	0.2%	$64.06	—	—	872540109
ADP	Automatic Data Processing	1,716	$349K	0.2%	$199.29	—	—	053015103
SYK	Stryker Corp.	1,029	$338K	0.2%	$239.62	—	—	863667101
APD	Air Products & Chemicals	1,155	$336K	0.2%	$233.05	—	—	009158106
ALL	Allstate Corporation	1,522	$316K	0.2%	$114.28	—	—	020002101
AVY	Avery Dennison Corp	1,648	$285K	0.2%	$173.42	—	—	053611109
LOW	Lowes Co Inc	1,138	$269K	0.2%	$179.56	—	—	548661107
CMCSA	Comcast Corporation Class A	9,179	$264K	0.2%	$41.51	—	—	20030N101
VLO	Valero Energy Corp.	1,058	$261K	0.2%	$190.06	—	—	91913Y100
BK	Bank of New York Mellon Corp.	2,100	$249K	0.1%	$101.35	—	—	064058100
GILD	Gilead Sciences, Inc.	1,749	$244K	0.1%	$120.88	—	—	375558103
HXL	Hexcel Corp.	2,992	$242K	0.1%	$61.40	—	—	428291108
ACN	Accenture Ltd.	1,144	$227K	0.1%	$254.06	—	—	G1151C101
OXY	Occidental Petroleum	3,373	$219K	0.1%	$41.96	—	—	674599105
CAH	Cardinal Health Inc.	1,025	$217K	0.1%	$71.56	—	—	14149Y108
PCG	PG&E Corp	12,310	$216K	0.1%	$11.76	—	—	69331C108
GEHC	GE Healthcare Technologies Inc.	3,019	$215K	0.1%	$71.76	—	—	36266G107
UNP	Union Pacific Corp.	873	$212K	0.1%	$224.04	—	—	907818108
VTI	Vanguard Total Stock Market ETF	637	$204K	0.1%	$320.81	—	—	922908769
IWP	IShares Russell Mid-Cap Growth ETF	1,590	$204K	0.1%	$138.70	—	—	464287481

Decreased Positions (102)

SCHX Schwab U.S. Large-Cap ETF 17.1%

Value $28.84M (-13.9%) Shares 979,866 (-25.0%) Est. Cost $32.88 Unrealized —

INTC Intel Corp 2.6%

Value $4.361M (+120.3%) Shares 31,232 (-30.4%) Est. Cost $44.63 Unrealized —

MSFT Microsoft Corp 2.2%

Value $3.675M (-28.7%) Shares 9,851 (-29.3%) Est. Cost $289.10 Unrealized —

AAPL Apple Inc. 1.8%

Value $3.094M (-28.3%) Shares 10,693 (-37.1%) Est. Cost $166.85 Unrealized —

SCHF Schwab International Equity ETF 4.8%

Value $8.075M (-12.9%) Shares 291,526 (-22.2%) Est. Cost $27.21 Unrealized —

JPM JP Morgan Chase & Co. 3.7%

Value $6.213M (-13.0%) Shares 18,980 (-21.8%) Est. Cost $133.23 Unrealized —

— UnitedHealth Group Inc. 2.5%

Value $4.141M (+23.9%) Shares 9,963 (-19.3%) Est. Cost $510.33 Unrealized —

CVX Chevron Corporation 0.9%

Value $1.457M (-32.3%) Shares 8,789 (-15.5%) Est. Cost $125.79 Unrealized —

JNJ Johnson & Johnson 0.8%

Value $1.332M (-33.4%) Shares 5,245 (-35.9%) Est. Cost $152.33 Unrealized —

MCD McDonalds Corp 0.4%

Value $635K (-48.7%) Shares 2,349 (-41.0%) Est. Cost $227.70 Unrealized —

PEP Pepsico Inc. 1.0%

Value $1.641M (-26.6%) Shares 12,117 (-15.8%) Est. Cost $148.59 Unrealized —

HON Honeywell International Inc. 0.2%

Value $298K (-66.2%) Shares 1,329 (-65.9%) Est. Cost $171.37 Unrealized —

AMAT Applied Materials 1.0%

Value $1.617M (+56.2%) Shares 2,236 (-26.2%) Est. Cost $132.25 Unrealized —

AMGN Amgen Incorporated 0.5%

Value $810K (-40.7%) Shares 2,236 (-42.4%) Est. Cost $211.40 Unrealized —

VDE Vanguard Energy Sector ETF 0.8%

Value $1.285M (-30.2%) Shares 8,561 (-19.6%) Est. Cost $107.98 Unrealized —

— AT&T Inc. 0.4%

Value $744K (-42.1%) Shares 35,962 (-19.0%) Est. Cost $22.94 Unrealized —

BRK/B Berkshire Hathaway Cl. B 0.4%

Value $676K (-44.2%) Shares 1,350 (-46.6%) Est. Cost $358.31 Unrealized —

RTX RTX Corp. 1.5%

Value $2.453M (-16.7%) Shares 12,931 (-15.3%) Est. Cost $85.96 Unrealized —

PFE Pfizer Inc. 0.6%

Value $988K (-32.7%) Shares 41,018 (-21.6%) Est. Cost $41.50 Unrealized —

VZ Verizon Communications 0.5%

Value $900K (-32.8%) Shares 21,246 (-20.4%) Est. Cost $40.27 Unrealized —

WMT Wal-Mart Stores Inc 0.4%

Value $648K (-37.7%) Shares 5,718 (-31.7%) Est. Cost $66.49 Unrealized —

LHX L3Harris Technologies Inc. 0.4%

Value $683K (-34.8%) Shares 2,352 (-22.5%) Est. Cost $214.65 Unrealized —

ABT Abbott Laboratories 0.4%

Value $741K (-31.2%) Shares 8,167 (-22.2%) Est. Cost $115.36 Unrealized —

SCHW Charles Schwab Corp. 0.2%

Value $392K (-45.9%) Shares 4,250 (-44.9%) Est. Cost $82.31 Unrealized —

SCHA Schwab U.S. Small-Cap ETF 5.3%

Value $9.01M (+3.8%) Shares 249,377 (-16.4%) Est. Cost $35.95 Unrealized —

EFA IShares MSCI EAFE Index 1.0%

Value $1.705M (-15.9%) Shares 16,414 (-21.3%) Est. Cost $73.45 Unrealized —

WFC Wells Fargo 0.3%

Value $452K (-41.1%) Shares 5,469 (-43.2%) Est. Cost $44.22 Unrealized —

HPE Hewlett Packard Enterprises 0.8%

Value $1.346M (+30.1%) Shares 29,828 (-31.3%) Est. Cost $14.96 Unrealized —

NVDA NVIDIA Corp. 0.3%

Value $508K (-36.2%) Shares 2,536 (-44.4%) Est. Cost $94.09 Unrealized —

BMY Bristol-Myers Squibb Co 0.4%

Value $631K (-31.2%) Shares 10,950 (-27.6%) Est. Cost $57.77 Unrealized —

APH Amphenol Corp 0.3%

Value $478K (-37.2%) Shares 2,711 (-55.0%) Est. Cost $49.99 Unrealized —

MPC Marathon Petroleum Corp. 0.3%

Value $574K (-32.0%) Shares 2,246 (-35.1%) Est. Cost $71.68 Unrealized —

SCHG Schwab U.S. Large-Cap Growth ETF 2.4%

Value $4.03M (+7.0%) Shares 119,086 (-7.9%) Est. Cost $37.63 Unrealized —

WTM White Mountain Insurance Group Ltd. 0.1%

Value $236K (-52.0%) Shares 114 (-49.1%) Est. Cost $1166.56 Unrealized —

AXP American Express Company 0.2%

Value $313K (-44.8%) Shares 924 (-50.6%) Est. Cost $166.22 Unrealized —

COP ConocoPhillips 0.2%

Value $403K (-37.4%) Shares 3,873 (-20.5%) Est. Cost $81.15 Unrealized —

GS Goldman Sachs 0.2%

Value $300K (-44.1%) Shares 297 (-53.2%) Est. Cost $319.80 Unrealized —

KMB Kimberly-Clark Corp 0.4%

Value $738K (-23.7%) Shares 6,722 (-32.9%) Est. Cost $114.07 Unrealized —

NEE NextEra Energy 0.2%

Value $311K (-41.4%) Shares 3,540 (-38.0%) Est. Cost $70.23 Unrealized —

BA Boeing Co 0.3%

Value $500K (-30.3%) Shares 2,310 (-35.9%) Est. Cost $189.28 Unrealized —

PSX Phillips 66 0.2%

Value $287K (-41.8%) Shares 1,698 (-37.2%) Est. Cost $73.29 Unrealized —

CSCO Cisco Systems Inc. 0.9%

Value $1.486M (+15.2%) Shares 12,650 (-23.9%) Est. Cost $48.73 Unrealized —

GOOG Alphabet Inc. Cl. C 0.2%

Value $338K (-36.4%) Shares 958 (-48.4%) Est. Cost $95.84 Unrealized —

ABBV AbbVie Inc. 1.4%

Value $2.281M (-7.5%) Shares 9,063 (-20.1%) Est. Cost $126.52 Unrealized —

ADM Archer-Daniels-Midland Co 0.5%

Value $812K (-18.3%) Shares 10,625 (-22.3%) Est. Cost $69.69 Unrealized —

LLY Lilly (Eli) & C. 0.6%

Value $997K (-15.4%) Shares 831 (-35.1%) Est. Cost $264.47 Unrealized —

DOW Dow Inc. 0.1%

Value $220K (-43.7%) Shares 8,027 (-14.3%) Est. Cost $42.84 Unrealized —

RS Reliance Inc. 0.3%

Value $545K (-23.5%) Shares 1,459 (-37.8%) Est. Cost $188.99 Unrealized —

AFL Aflac Inc 1.0%

Value $1.737M (-8.8%) Shares 14,811 (-14.6%) Est. Cost $57.30 Unrealized —

ITW Illinois Tool Works 0.3%

Value $487K (-23.8%) Shares 1,799 (-26.7%) Est. Cost $200.73 Unrealized —

HPQ HP Inc. 0.4%

Value $671K (-17.0%) Shares 30,589 (-27.4%) Est. Cost $32.05 Unrealized —

IVV iShares S&P 500 Index 1.0%

Value $1.633M (+8.3%) Shares 2,180 (-5.5%) Est. Cost $391.00 Unrealized —

SCHM Schwab U.S. Mid-Cap ETF 1.5%

Value $2.47M (-4.7%) Shares 67,000 (-20.0%) Est. Cost $41.21 Unrealized —

PG Procter & Gamble Co. 0.5%

Value $806K (-12.5%) Shares 5,496 (-13.8%) Est. Cost $141.44 Unrealized —

DE Deere & Co. 0.4%

Value $596K (-15.9%) Shares 940 (-25.3%) Est. Cost $370.19 Unrealized —

IWM iShares Russell 2000 Index 1.5%

Value $2.5M (+4.7%) Shares 8,321 (-13.6%) Est. Cost $194.20 Unrealized —

— Medtronic Inc 0.2%

Value $368K (-22.1%) Shares 4,709 (-13.7%) Est. Cost $110.33 Unrealized —

QCOM QUALCOMM Inc. 0.4%

Value $620K (-14.2%) Shares 3,356 (-40.2%) Est. Cost $149.90 Unrealized —

CEG Constellation Energy Corp. 0.2%

Value $381K (-21.1%) Shares 1,533 (-11.3%) Est. Cost $101.44 Unrealized —

EFX Equifax Inc. 0.2%

Value $371K (-21.0%) Shares 2,338 (-10.4%) Est. Cost $195.26 Unrealized —

GEV GE Vernova Inc 0.3%

Value $560K (-14.5%) Shares 477 (-36.5%) Est. Cost $158.10 Unrealized —

CNP Centerpoint Energy 0.1%

Value $248K (-27.2%) Shares 5,639 (-28.6%) Est. Cost $25.42 Unrealized —

DIS Disney (Walt) Co 0.3%

Value $482K (-14.7%) Shares 5,008 (-14.6%) Est. Cost $126.62 Unrealized —

SCHE Schwab Emerging Markets Equity ETF 0.9%

Value $1.452M (-5.4%) Shares 40,038 (-14.0%) Est. Cost $27.84 Unrealized —

MRK Merck & Company Inc 0.6%

Value $976K (-7.5%) Shares 7,598 (-13.4%) Est. Cost $71.64 Unrealized —

GOOGL Alphabet Inc. Cl. A 0.8%

Value $1.306M (-5.6%) Shares 3,654 (-24.1%) Est. Cost $118.21 Unrealized —

— GE Aerospace 1.4%

Value $2.294M (-3.1%) Shares 6,137 (-26.4%) Est. Cost $188.58 Unrealized —

CTVA Corteva Inc. 0.1%

Value $237K (-23.4%) Shares 2,799 (-24.3%) Est. Cost $50.60 Unrealized —

VTRS Viatris Inc. 0.6%

Value $1.042M (+7.0%) Shares 65,637 (-9.0%) Est. Cost $11.32 Unrealized —

HD Home Depot 1.1%

Value $1.9M (-3.4%) Shares 5,388 (-9.9%) Est. Cost $313.18 Unrealized —

VV Vanguard Large Cap ETF 1.6%

Value $2.648M (-2.2%) Shares 7,699 (-15.1%) Est. Cost $254.36 Unrealized —

WBD Warner Bros. Discovery Inc. 0.1%

Value $207K (-20.9%) Shares 7,759 (-18.5%) Est. Cost $23.37 Unrealized —

CAT Caterpillar Inc 0.6%

Value $965K (+5.8%) Shares 906 (-29.6%) Est. Cost $194.92 Unrealized —

STZ Constellation Brands Cl. A 0.2%

Value $301K (-14.9%) Shares 2,163 (-8.3%) Est. Cost $215.98 Unrealized —

— Labcorp Holdings Inc. 0.1%

Value $223K (-18.8%) Shares 795 (-22.6%) Est. Cost $229.32 Unrealized —

VHT Vanguard Health Care Sector ETF 0.5%

Value $813K (+6.5%) Shares 2,718 (-3.0%) Est. Cost $253.49 Unrealized —

KO Coca-Cola Company 0.2%

Value $291K (-14.4%) Shares 3,585 (-19.9%) Est. Cost $54.77 Unrealized —

MS Morgan Stanley 0.2%

Value $344K (+16.0%) Shares 1,647 (-8.7%) Est. Cost $96.90 Unrealized —

MSI Motorola Solutions Inc. 0.3%

Value $463K (-9.0%) Shares 1,116 (-4.9%) Est. Cost $221.78 Unrealized —

SYY Sysco Corp. 0.2%

Value $275K (-13.9%) Shares 3,291 (-26.5%) Est. Cost $71.39 Unrealized —

A Agilent Technologies 0.2%

Value $370K (+12.5%) Shares 2,782 (-3.4%) Est. Cost $133.18 Unrealized —

VIS Vanguard Industrial Sector ETF 0.1%

Value $248K (-13.0%) Shares 688 (-24.6%) Est. Cost $205.53 Unrealized —

KMI Kinder Morgan, Inc. 0.1%

Value $218K (-14.3%) Shares 6,807 (-10.1%) Est. Cost $24.88 Unrealized —

ORCL Oracle Corporation 0.2%

Value $297K (-9.8%) Shares 2,028 (-9.5%) Est. Cost $73.82 Unrealized —

GD General Dynamics Corp. 0.1%

Value $232K (-10.8%) Shares 656 (-13.6%) Est. Cost $234.24 Unrealized —

GT Goodyear Tire & Rubber Co 0.0%

Value $75,742 (-26.8%) Shares 11,476 (-26.5%) Est. Cost $15.70 Unrealized —

VBR Vanguard Small Cap Value ETF 0.3%

Value $461K (+6.3%) Shares 1,898 (-5.0%) Est. Cost $175.18 Unrealized —

SO Southern Company 0.1%

Value $211K (-10.9%) Shares 2,208 (-10.2%) Est. Cost $58.69 Unrealized —

VBK Vanguard Small-Cap Growth ETF 0.3%

Value $455K (+3.8%) Shares 1,244 (-14.2%) Est. Cost $249.25 Unrealized —

XLF Financial Select Sector SPDR ETF 0.2%

Value $289K (+5.3%) Shares 5,400 (-3.1%) Est. Cost $38.47 Unrealized —

NSC Norfolk Southern Corp 0.6%

Value $1.03M (+1.3%) Shares 3,273 (-7.6%) Est. Cost $252.93 Unrealized —

VB Vanguard Small-Cap ETF 0.5%

Value $926K (-1.3%) Shares 3,054 (-14.7%) Est. Cost $247.86 Unrealized —

VXUS Vanguard Total International Stock ETF 0.4%

Value $708K (+1.8%) Shares 8,277 (-8.2%) Est. Cost $74.37 Unrealized —

CVS CVS Health Corp. 0.3%

Value $476K (+2.4%) Shares 4,605 (-28.9%) Est. Cost $89.50 Unrealized —

D Dominion Energy Inc. 0.1%

Value $236K (-4.1%) Shares 3,457 (-13.1%) Est. Cost $53.16 Unrealized —

— Bank of America Corp 0.8%

Value $1.426M (-0.6%) Shares 25,025 (-14.9%) Est. Cost $41.34 Unrealized —

IWB Ishares Russell 1000 ETF 0.2%

Value $261K (+2.8%) Shares 637 (-10.5%) Est. Cost $288.17 Unrealized —

TT Trane Technologies plc 0.2%

Value $270K (+2.4%) Shares 550 (-13.1%) Est. Cost $268.03 Unrealized —

IFF International Flavors and Fragrances 0.1%

Value $236K (+2.3%) Shares 2,977 (-6.3%) Est. Cost $64.40 Unrealized —

IBM International Business Machines 0.9%

Value $1.564M (+0.3%) Shares 5,561 (-13.6%) Est. Cost $112.54 Unrealized —

CARR Carrier Global Corp. 0.2%

Value $373K (-0.5%) Shares 5,092 (-23.6%) Est. Cost $44.54 Unrealized —

ADI Analog Devices 0.4%

Value $720K (-0.1%) Shares 1,814 (-19.9%) Est. Cost $153.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCHX	Schwab U.S. Large-Cap ETF	979,866 (-25.0%)	$28.84M (-13.9%)	17.1%	$32.88	—	US LRG CAP ETF	808524201
INTC	Intel Corp	31,232 (-30.4%)	$4.361M (+120.3%)	2.6%	$44.63	—	COM	458140100
MSFT	Microsoft Corp	9,851 (-29.3%)	$3.675M (-28.7%)	2.2%	$289.10	—	COM	594918104
AAPL	Apple Inc.	10,693 (-37.1%)	$3.094M (-28.3%)	1.8%	$166.85	—	COM	037833100
SCHF	Schwab International Equity ETF	291,526 (-22.2%)	$8.075M (-12.9%)	4.8%	$27.21	—	INTL EQTY ETF	808524805
JPM	JP Morgan Chase & Co.	18,980 (-21.8%)	$6.213M (-13.0%)	3.7%	$133.23	—	COM	46625H100
—	UnitedHealth Group Inc.	9,963 (-19.3%)	$4.141M (+23.9%)	2.5%	$510.33	—	COM	910581107
CVX	Chevron Corporation	8,789 (-15.5%)	$1.457M (-32.3%)	0.9%	$125.79	—	COM	166764100
JNJ	Johnson & Johnson	5,245 (-35.9%)	$1.332M (-33.4%)	0.8%	$152.33	—	COM	478160104
MCD	McDonalds Corp	2,349 (-41.0%)	$635K (-48.7%)	0.4%	$227.70	—	COM	580135101
PEP	Pepsico Inc.	12,117 (-15.8%)	$1.641M (-26.6%)	1.0%	$148.59	—	COM	713448108
HON	Honeywell International Inc.	1,329 (-65.9%)	$298K (-66.2%)	0.2%	$171.37	—	COM	438516106
AMAT	Applied Materials	2,236 (-26.2%)	$1.617M (+56.2%)	1.0%	$132.25	—	COM	038222105
AMGN	Amgen Incorporated	2,236 (-42.4%)	$810K (-40.7%)	0.5%	$211.40	—	COM	031162100
VDE	Vanguard Energy Sector ETF	8,561 (-19.6%)	$1.285M (-30.2%)	0.8%	$107.98	—	ENERGY ETF	92204A306
—	AT&T Inc.	35,962 (-19.0%)	$744K (-42.1%)	0.4%	$22.94	—	COM	001957109
BRK/B	Berkshire Hathaway Cl. B	1,350 (-46.6%)	$676K (-44.2%)	0.4%	$358.31	—	CL B NEW	084670702
RTX	RTX Corp.	12,931 (-15.3%)	$2.453M (-16.7%)	1.5%	$85.96	—	COM	75513E101
PFE	Pfizer Inc.	41,018 (-21.6%)	$988K (-32.7%)	0.6%	$41.50	—	COM	717081103
VZ	Verizon Communications	21,246 (-20.4%)	$900K (-32.8%)	0.5%	$40.27	—	COM	92343V104
WMT	Wal-Mart Stores Inc	5,718 (-31.7%)	$648K (-37.7%)	0.4%	$66.49	—	COM	931142103
LHX	L3Harris Technologies Inc.	2,352 (-22.5%)	$683K (-34.8%)	0.4%	$214.65	—	COM	502431109
ABT	Abbott Laboratories	8,167 (-22.2%)	$741K (-31.2%)	0.4%	$115.36	—	COM	002824100
SCHW	Charles Schwab Corp.	4,250 (-44.9%)	$392K (-45.9%)	0.2%	$82.31	—	COM	808513105
SCHA	Schwab U.S. Small-Cap ETF	249,377 (-16.4%)	$9.01M (+3.8%)	5.3%	$35.95	—	US SML CAP ETF	808524607
EFA	IShares MSCI EAFE Index	16,414 (-21.3%)	$1.705M (-15.9%)	1.0%	$73.45	—	MSCI EAFE ETF	464287465
WFC	Wells Fargo	5,469 (-43.2%)	$452K (-41.1%)	0.3%	$44.22	—	COM	949746101
HPE	Hewlett Packard Enterprises	29,828 (-31.3%)	$1.346M (+30.1%)	0.8%	$14.96	—	COM	42824C109
NVDA	NVIDIA Corp.	2,536 (-44.4%)	$508K (-36.2%)	0.3%	$94.09	—	COM	67066G104
BMY	Bristol-Myers Squibb Co	10,950 (-27.6%)	$631K (-31.2%)	0.4%	$57.77	—	COM	110122108
APH	Amphenol Corp	2,711 (-55.0%)	$478K (-37.2%)	0.3%	$49.99	—	CL A	032095101
MPC	Marathon Petroleum Corp.	2,246 (-35.1%)	$574K (-32.0%)	0.3%	$71.68	—	COM	56585A102
SCHG	Schwab U.S. Large-Cap Growth ETF	119,086 (-7.9%)	$4.03M (+7.0%)	2.4%	$37.63	—	US LCAP GR ETF	808524300
WTM	White Mountain Insurance Group Ltd.	114 (-49.1%)	$236K (-52.0%)	0.1%	$1166.56	—	COM	G9618E107
AXP	American Express Company	924 (-50.6%)	$313K (-44.8%)	0.2%	$166.22	—	COM	025816109
COP	ConocoPhillips	3,873 (-20.5%)	$403K (-37.4%)	0.2%	$81.15	—	COM	20825C104
GS	Goldman Sachs	297 (-53.2%)	$300K (-44.1%)	0.2%	$319.80	—	COM	38141G104
KMB	Kimberly-Clark Corp	6,722 (-32.9%)	$738K (-23.7%)	0.4%	$114.07	—	COM	494368103
NEE	NextEra Energy	3,540 (-38.0%)	$311K (-41.4%)	0.2%	$70.23	—	COM	65339F101
BA	Boeing Co	2,310 (-35.9%)	$500K (-30.3%)	0.3%	$189.28	—	COM	097023105
PSX	Phillips 66	1,698 (-37.2%)	$287K (-41.8%)	0.2%	$73.29	—	COM	718546104
CSCO	Cisco Systems Inc.	12,650 (-23.9%)	$1.486M (+15.2%)	0.9%	$48.73	—	COM	17275R102
GOOG	Alphabet Inc. Cl. C	958 (-48.4%)	$338K (-36.4%)	0.2%	$95.84	—	CAP STK CL C	02079K107
ABBV	AbbVie Inc.	9,063 (-20.1%)	$2.281M (-7.5%)	1.4%	$126.52	—	COM	00287Y109
ADM	Archer-Daniels-Midland Co	10,625 (-22.3%)	$812K (-18.3%)	0.5%	$69.69	—	COM	039483102
LLY	Lilly (Eli) & C.	831 (-35.1%)	$997K (-15.4%)	0.6%	$264.47	—	COM	532457108
DOW	Dow Inc.	8,027 (-14.3%)	$220K (-43.7%)	0.1%	$42.84	—	COM	260557103
RS	Reliance Inc.	1,459 (-37.8%)	$545K (-23.5%)	0.3%	$188.99	—	COM	759509102
AFL	Aflac Inc	14,811 (-14.6%)	$1.737M (-8.8%)	1.0%	$57.30	—	COM	001055102
ITW	Illinois Tool Works	1,799 (-26.7%)	$487K (-23.8%)	0.3%	$200.73	—	COM	452308109
HPQ	HP Inc.	30,589 (-27.4%)	$671K (-17.0%)	0.4%	$32.05	—	COM	40434L105
IVV	iShares S&P 500 Index	2,180 (-5.5%)	$1.633M (+8.3%)	1.0%	$391.00	—	CORE S&P500 ETF	464287200
SCHM	Schwab U.S. Mid-Cap ETF	67,000 (-20.0%)	$2.47M (-4.7%)	1.5%	$41.21	—	US MID-CAP ETF	808524508
PG	Procter & Gamble Co.	5,496 (-13.8%)	$806K (-12.5%)	0.5%	$141.44	—	COM	742718109
DE	Deere & Co.	940 (-25.3%)	$596K (-15.9%)	0.4%	$370.19	—	COM	244199105
IWM	iShares Russell 2000 Index	8,321 (-13.6%)	$2.5M (+4.7%)	1.5%	$194.20	—	RUSSELL 2000 ETF	464287655
—	Medtronic Inc	4,709 (-13.7%)	$368K (-22.1%)	0.2%	$110.33	—	COM	585055106
QCOM	QUALCOMM Inc.	3,356 (-40.2%)	$620K (-14.2%)	0.4%	$149.90	—	COM	747525103
CEG	Constellation Energy Corp.	1,533 (-11.3%)	$381K (-21.1%)	0.2%	$101.44	—	COM	21037T109
EFX	Equifax Inc.	2,338 (-10.4%)	$371K (-21.0%)	0.2%	$195.26	—	COM	294429105
GEV	GE Vernova Inc	477 (-36.5%)	$560K (-14.5%)	0.3%	$158.10	—	COM	36828A101
CNP	Centerpoint Energy	5,639 (-28.6%)	$248K (-27.2%)	0.1%	$25.42	—	COM	15189T107
DIS	Disney (Walt) Co	5,008 (-14.6%)	$482K (-14.7%)	0.3%	$126.62	—	COM	254687106
SCHE	Schwab Emerging Markets Equity ETF	40,038 (-14.0%)	$1.452M (-5.4%)	0.9%	$27.84	—	EMRG MKTEQ ETF	808524706
MRK	Merck & Company Inc	7,598 (-13.4%)	$976K (-7.5%)	0.6%	$71.64	—	COM	58933Y105
GOOGL	Alphabet Inc. Cl. A	3,654 (-24.1%)	$1.306M (-5.6%)	0.8%	$118.21	—	CAP STK CL A	02079K305
—	GE Aerospace	6,137 (-26.4%)	$2.294M (-3.1%)	1.4%	$188.58	—	COM NEW	369604103
CTVA	Corteva Inc.	2,799 (-24.3%)	$237K (-23.4%)	0.1%	$50.60	—	COM	22052L104
VTRS	Viatris Inc.	65,637 (-9.0%)	$1.042M (+7.0%)	0.6%	$11.32	—	COM	92556V106
HD	Home Depot	5,388 (-9.9%)	$1.9M (-3.4%)	1.1%	$313.18	—	COM	437076102
VV	Vanguard Large Cap ETF	7,699 (-15.1%)	$2.648M (-2.2%)	1.6%	$254.36	—	LARGE CAP ETF	922908637
WBD	Warner Bros. Discovery Inc.	7,759 (-18.5%)	$207K (-20.9%)	0.1%	$23.37	—	COM SER A	934423104
CAT	Caterpillar Inc	906 (-29.6%)	$965K (+5.8%)	0.6%	$194.92	—	COM	149123101
STZ	Constellation Brands Cl. A	2,163 (-8.3%)	$301K (-14.9%)	0.2%	$215.98	—	COM	21036P108
—	Labcorp Holdings Inc.	795 (-22.6%)	$223K (-18.8%)	0.1%	$229.32	—	COM SHS	50540R409
VHT	Vanguard Health Care Sector ETF	2,718 (-3.0%)	$813K (+6.5%)	0.5%	$253.49	—	HEALTH CAR ETF	92204A504
KO	Coca-Cola Company	3,585 (-19.9%)	$291K (-14.4%)	0.2%	$54.77	—	COM	191216100
MS	Morgan Stanley	1,647 (-8.7%)	$344K (+16.0%)	0.2%	$96.90	—	COM NEW	617446448
MSI	Motorola Solutions Inc.	1,116 (-4.9%)	$463K (-9.0%)	0.3%	$221.78	—	COM	620076307
SYY	Sysco Corp.	3,291 (-26.5%)	$275K (-13.9%)	0.2%	$71.39	—	COM	871829107
A	Agilent Technologies	2,782 (-3.4%)	$370K (+12.5%)	0.2%	$133.18	—	COM	00846U101
VIS	Vanguard Industrial Sector ETF	688 (-24.6%)	$248K (-13.0%)	0.1%	$205.53	—	INDUSTRIAL ETF	92204A603
KMI	Kinder Morgan, Inc.	6,807 (-10.1%)	$218K (-14.3%)	0.1%	$24.88	—	COM	49456B101
ORCL	Oracle Corporation	2,028 (-9.5%)	$297K (-9.8%)	0.2%	$73.82	—	COM	68389X105
GD	General Dynamics Corp.	656 (-13.6%)	$232K (-10.8%)	0.1%	$234.24	—	COM	369550108
GT	Goodyear Tire & Rubber Co	11,476 (-26.5%)	$75,742 (-26.8%)	0.0%	$15.70	—	COM	382550101
VBR	Vanguard Small Cap Value ETF	1,898 (-5.0%)	$461K (+6.3%)	0.3%	$175.18	—	SM CP VAL ETF	922908611
SO	Southern Company	2,208 (-10.2%)	$211K (-10.9%)	0.1%	$58.69	—	COM	842587107
VBK	Vanguard Small-Cap Growth ETF	1,244 (-14.2%)	$455K (+3.8%)	0.3%	$249.25	—	SML CP GRW ETF	922908595
XLF	Financial Select Sector SPDR ETF	5,400 (-3.1%)	$289K (+5.3%)	0.2%	$38.47	—	FINANCIAL	81369Y605
NSC	Norfolk Southern Corp	3,273 (-7.6%)	$1.03M (+1.3%)	0.6%	$252.93	—	COM	655844108
VB	Vanguard Small-Cap ETF	3,054 (-14.7%)	$926K (-1.3%)	0.5%	$247.86	—	SMALL CP ETF	922908751
VXUS	Vanguard Total International Stock ETF	8,277 (-8.2%)	$708K (+1.8%)	0.4%	$74.37	—	VG TL INTL STK F	921909768
CVS	CVS Health Corp.	4,605 (-28.9%)	$476K (+2.4%)	0.3%	$89.50	—	COM	126650100
D	Dominion Energy Inc.	3,457 (-13.1%)	$236K (-4.1%)	0.1%	$53.16	—	COM	25746U109
—	Bank of America Corp	25,025 (-14.9%)	$1.426M (-0.6%)	0.8%	$41.34	—	COM	06605F102
IWB	Ishares Russell 1000 ETF	637 (-10.5%)	$261K (+2.8%)	0.2%	$288.17	—	RUS 1000 ETF	464287622
TT	Trane Technologies plc	550 (-13.1%)	$270K (+2.4%)	0.2%	$268.03	—	SHS	G8994E103
IFF	International Flavors and Fragrances	2,977 (-6.3%)	$236K (+2.3%)	0.1%	$64.40	—	COM	459506101
IBM	International Business Machines	5,561 (-13.6%)	$1.564M (+0.3%)	0.9%	$112.54	—	COM	459200101
CARR	Carrier Global Corp.	5,092 (-23.6%)	$373K (-0.5%)	0.2%	$44.54	—	COM	14448C104
ADI	Analog Devices	1,814 (-19.9%)	$720K (-0.1%)	0.4%	$153.27	—	COM	032654105

Unchanged Positions (21)

NOC Northrop Grumman Corp 0.8%

Value $1.375M Shares 2,699 Est. Cost $387.65 Unrealized —

AVGO Broadcom Inc. 1.5%

Value $2.543M Shares 6,731 Est. Cost $175.39 Unrealized —

TXN Texas Instruments, Inc. 0.6%

Value $1.086M Shares 3,643 Est. Cost $157.11 Unrealized —

SCHV Schwab U.S. Large-Cap Value ETF 0.8%

Value $1.338M Shares 38,450 Est. Cost $40.92 Unrealized —

KEYS Keysight Technologies 0.4%

Value $709K Shares 2,026 Est. Cost $164.07 Unrealized —

IWO iShares Russell 2000 Growth Index 0.4%

Value $667K Shares 1,694 Est. Cost $253.84 Unrealized —

EMXC iShares MSCI Emerging Markets ex-China 0.3%

Value $505K Shares 4,940 Est. Cost $48.19 Unrealized —

SPY SPDR S&P 500 ETF 0.4%

Value $750K Shares 1,005 Est. Cost $447.32 Unrealized —

IJH iShares Core S&P Mid-Cap ETF 0.4%

Value $718K Shares 9,318 Est. Cost $93.90 Unrealized —

DIA SPDR Dow Jones Industrial Avg. ETF 0.3%

Value $563K Shares 1,078 Est. Cost $344.22 Unrealized —

EFG iShares MSCI EAFE Growth Index 0.3%

Value $575K Shares 4,619 Est. Cost $81.83 Unrealized —

SYF Synchrony Financial 0.3%

Value $425K Shares 5,594 Est. Cost $65.47 Unrealized —

IWN iShares Russell 2000 Value Index 0.2%

Value $293K Shares 1,325 Est. Cost $155.33 Unrealized —

IYH iShares U.S. Healthcare ETF 0.3%

Value $439K Shares 6,546 Est. Cost $103.32 Unrealized —

NLR Vaneck Uranium & Nuclear Energy ETF 0.1%

Value $232K Shares 2,000 Est. Cost $111.18 Unrealized —

AMZN Amazon.com Inc 0.2%

Value $272K Shares 1,141 Est. Cost $166.93 Unrealized —

IWR iShares Russell Mid-Cap Index 0.2%

Value $254K Shares 2,299 Est. Cost $91.98 Unrealized —

SCZ iShares MSCI EAFE Small Cap Index 0.4%

Value $607K Shares 7,380 Est. Cost $64.51 Unrealized —

IYG iShares U.S. Financial Services ETF 0.2%

Value $303K Shares 3,345 Est. Cost $66.30 Unrealized —

VSS Vanguard FTSE All-World Ex-US Small Cap ETF 0.2%

Value $278K Shares 1,800 Est. Cost $125.96 Unrealized —

EFV iShares MSCI EAFE Value Index 0.2%

Value $280K Shares 3,663 Est. Cost $74.35 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NOC	Northrop Grumman Corp	2,699	$1.375M	0.8%	$387.65	—	COM	666807102
AVGO	Broadcom Inc.	6,731	$2.543M	1.5%	$175.39	—	COM	11135F101
TXN	Texas Instruments, Inc.	3,643	$1.086M	0.6%	$157.11	—	COM	882508104
SCHV	Schwab U.S. Large-Cap Value ETF	38,450	$1.338M	0.8%	$40.92	—	US LCAP VA ETF	808524409
KEYS	Keysight Technologies	2,026	$709K	0.4%	$164.07	—	COM	49338L103
IWO	iShares Russell 2000 Growth Index	1,694	$667K	0.4%	$253.84	—	RUS 2000 GRW ETF	464287648
EMXC	iShares MSCI Emerging Markets ex-China	4,940	$505K	0.3%	$48.19	—	MSCI EMRG CHN	46434G764
SPY	SPDR S&P 500 ETF	1,005	$750K	0.4%	$447.32	—	TR UNIT	78462F103
IJH	iShares Core S&P Mid-Cap ETF	9,318	$718K	0.4%	$93.90	—	CORE S&P MCP ETF	464287507
DIA	SPDR Dow Jones Industrial Avg. ETF	1,078	$563K	0.3%	$344.22	—	UT SER 1	78467X109
EFG	iShares MSCI EAFE Growth Index	4,619	$575K	0.3%	$81.83	—	EAFE GRWTH ETF	464288885
SYF	Synchrony Financial	5,594	$425K	0.3%	$65.47	—	COM	87165B103
IWN	iShares Russell 2000 Value Index	1,325	$293K	0.2%	$155.33	—	RUS 2000 VAL ETF	464287630
IYH	iShares U.S. Healthcare ETF	6,546	$439K	0.3%	$103.32	—	US HLTHCARE ETF	464287762
NLR	Vaneck Uranium & Nuclear Energy ETF	2,000	$232K	0.1%	$111.18	—	URANIUM AND NUCL	92189F601
AMZN	Amazon.com Inc	1,141	$272K	0.2%	$166.93	—	COM	023135106
IWR	iShares Russell Mid-Cap Index	2,299	$254K	0.2%	$91.98	—	RUS MID CAP ETF	464287499
SCZ	iShares MSCI EAFE Small Cap Index	7,380	$607K	0.4%	$64.51	—	EAFE SML CP ETF	464288273
IYG	iShares U.S. Financial Services ETF	3,345	$303K	0.2%	$66.30	—	U.S. FIN SVC ETF	464287770
VSS	Vanguard FTSE All-World Ex-US Small Cap ETF	1,800	$278K	0.2%	$125.96	—	FTSE SMCAP ETF	922042718
EFV	iShares MSCI EAFE Value Index	3,663	$280K	0.2%	$74.35	—	EAFE VALUE ETF	464288877