Invariant Investment Management
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$162.4M
Q ending 2026-03-31
Prior quarter
$156.2M
Q ending 2025-12-31
Change
+4.0% QoQ
Positions
70
reported holdings
Largest positions
All 70 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Invesco Exchange Traded Fd T | RSP | Shares | $23.4M | 118K |
| Ishares Tr | IEF | Shares | $21.3M | 223K |
| American Centy Etf Tr | AVUV | Shares | $18.2M | 157K |
| American Centy Etf Tr | AVDV | Shares | $17.6M | 168K |
| American Centy Etf Tr | AVEM | Shares | $12.7M | 148K |
| Ishares Tr | SHY | Shares | $8.8M | 106K |
| Ishares Tr | SGOV | Shares | $7.0M | 69K |
| Vanguard Index Fds | VOO | Shares | $5.8M | 9K |
| J P Morgan Exchange Traded F | JPST | Shares | $4.1M | 81K |
| J P Morgan Exchange Traded F | JMST | Shares | $2.9M | 58K |
| American Centy Etf Tr | AVUS | Shares | $2.7M | 23K |
| Invesco Exch Trd Slf Idx Fd | BSMS | Shares | $2.6M | 113K |
| Ishares Tr | MBB | Shares | $1.8M | 19K |
| Altria Group Inc | MO | Shares | $1.3M | 19K |
| Apple Inc | AAPL | Shares | $1.2M | 5K |
| Cardinal Health Inc | CAH | Shares | $1.2M | 6K |
| Mckesson Corp | MCK | Shares | $1.2M | 1K |
| Visa Inc | V | Shares | $1.1M | 4K |
| Eqt Corp | EQT | Shares | $1.1M | 18K |
| Ishares Tr | AGG | Shares | $1.1M | 11K |
| Ww Grainger Inc | GWW | Shares | $1.0M | 882 |
| Nvidia Corporation | NVDA | Shares | $1.0M | 6K |
| Adobe Inc | ADBE | Shares | $984K | 4K |
| Oreilly Automotive Inc | ORLY | Shares | $970K | 10K |
| Ulta Beauty Inc | ULTA | Shares | $962K | 2K |
| Eog Res Inc | EOG | Shares | $949K | 7K |
| Lowes Cos Inc | LOW | Shares | $879K | 4K |
| Mastercard Incorporated | MA | Shares | $832K | 2K |
| Colgate Palmolive Co | CL | Shares | $790K | 9K |
| Spdr Series Trust | BIL | Shares | $764K | 8K |
| Netapp Inc | NTAP | Shares | $744K | 8K |
| Kla Corp | KLAC | Shares | $727K | 421 |
| Dominos Pizza Inc | DPZ | Shares | $702K | 2K |
| Lennox Intl Inc | LII | Shares | $644K | 1K |
| Johnson & Johnson | JNJ | Shares | $636K | 3K |
| Bank New York Mellon Corp | BNY | Shares | $591K | 5K |
| Lululemon Athletica Inc | LULU | Shares | $584K | 4K |
| Philip Morris Intl Inc | PM | Shares | $578K | 4K |
| Apollo Global Mgmt Inc | APO | Shares | $577K | 5K |
| Sprott Asset Management Lp | PHYS | Shares | $574K | 16K |
| Tesla Inc | TSLA | Shares | $565K | 2K |
| Invesco Exchange Traded Fd T | SPHQ | Shares | $523K | 7K |
| Ishares Tr | IUSV | Shares | $454K | 4K |
| Spdr Gold Tr | GLD | Shares | $443K | 1K |
| Vanguard Index Fds | VTI | Shares | $427K | 1K |
| Invesco Exch Trd Slf Idx Fd | BSMW | Shares | $406K | 16K |
| Invesco Exch Trd Slf Idx Fd | BSMT | Shares | $388K | 17K |
| Invesco Exchange Traded Fd T | PRFZ | Shares | $385K | 8K |
| Vaneck Etf Trust | EMLC | Shares | $374K | 15K |
| Caesars Entertainment Inc Ne | CZR | Shares | $362K | 14K |
| Vanguard Scottsdale Fds | VCSH | Shares | $361K | 5K |
| Ppl Corp | PPL | Shares | $348K | 9K |
| Invesco Exch Trd Slf Idx Fd | BSMQ | Shares | $334K | 14K |
| Microsoft Corp | MSFT | Shares | $327K | 877 |
| Abbvie Inc | ABBV | Shares | $313K | 1K |
| Applied Matls Inc | AMAT | Shares | $311K | 782 |
| Hershey Co | HSY | Shares | $307K | 1K |
| Transdigm Group Inc | TDG | Shares | $305K | 249 |
| Victory Portfolios Ii | VSDA | Shares | $288K | 5K |
| Chevron Corporation | CVX | Shares | $284K | 1K |
| Vanguard Bd Index Fds | BND | Shares | $277K | 4K |
| Procter & Gamble Co | PG | Shares | $275K | 2K |
| Vanguard Scottsdale Fds | VGSH | Shares | $273K | 5K |
| Invesco Exch Trd Slf Idx Fd | BSMR | Shares | $253K | 11K |
| Ishares Tr | EFAV | Shares | $240K | 3K |
| Vanguard Intl Equity Index F | VWO | Shares | $229K | 4K |
| Alphabet Inc | GOOGL | Shares | $220K | 692 |
| Ishares Silver Tr | SLV | Shares | $207K | 3K |
| Dimensional Etf Trust | DFAT | Shares | $201K | 3K |
| Wabash Natl Corp | WNC | Shares | $117K | 13K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.