Invariant Investment Management — 13F Holdings & Portfolio
CIK 1850871 · latest 13F-HR filed 2026-07-08
Invariant Investment Management manages $170.6M in 13F-reported U.S. long-equity assets across 68 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RSP (15.53%), IEF (15.37%), AVUV (10.90%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 4, added to 35, and trimmed 17.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 103
CAMP HILL, PA 17011
$170.6M
Long-equity book
68
Distinct positions
2026-06-30
Filed 2026-07-08
+2 / −4 / ↑35 / ↓17
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ISHARES TR$5.0M +23.3%
- INVESCO EXCHANGE TRADED FD T$3.1M +13.2%
- VANGUARD INDEX FDS$2.3M +40.1%
- AMERICAN CENTY ETF TR$343.3K +12.9%
- MASTERCARD INCORPORATED$251.2K +30.2%
Top Trims
- AMERICAN CENTY ETF TR-$5.6M -44.1%
- AMERICAN CENTY ETF TR-$1.6M -9.3%
- ISHARES TR-$980.7K -14.1%
- LOWES COS INC-$185.3K -21.1%
- ULTA BEAUTY INC-$151.7K -15.8%
Exited Positions
- KLA CORP$727.2K
- INVESCO EXCH TRD SLF IDX FD$334.4K
- APPLIED MATLS INC$311.1K
- ISHARES SILVER TR$207.1K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $26.5M | 15.53% | 123,219 | SH |
| 2 | ISHARES TR | IEF | 464287440 | $26.2M | 15.37% | 278,454 | SH |
| 3 | AMERICAN CENTY ETF TR | AVUV | 025072877 | $18.6M | 10.90% | 150,096 | SH |
| 4 | AMERICAN CENTY ETF TR | AVDV | 025072802 | $16.0M | 9.36% | 150,938 | SH |
| 5 | ISHARES TR | SHY | 464287457 | $8.8M | 5.14% | 106,994 | SH |
| 6 | VANGUARD INDEX FDS | VOO | 922908363 | $8.1M | 4.75% | 11,734 | SH |
| 7 | AMERICAN CENTY ETF TR | AVEM | 025072604 | $7.1M | 4.16% | 74,538 | SH |
| 8 | ISHARES TR | SGOV | 46436E718 | $6.0M | 3.52% | 59,727 | SH |
| 9 | ISHARES TR | USMV | 46429B697 | $5.1M | 2.98% | 51,863 | SH |
| 10 | J P MORGAN EXCHANGE TRADED F | JPST | 46641Q837 | $3.9M | 2.29% | 77,592 | SH |
| 11 | AMERICAN CENTY ETF TR | AVUS | 025072885 | $3.0M | 1.77% | 23,562 | SH |
| 12 | J P MORGAN EXCHANGE TRADED F | JMST | 46641Q654 | $2.9M | 1.70% | 56,902 | SH |
| 13 | INVESCO EXCH TRD SLF IDX FD | BSMS | 46138J486 | $2.7M | 1.56% | 113,415 | SH |
| 14 | ISHARES TR | MBB | 464288588 | $1.9M | 1.10% | 19,976 | SH |
| 15 | APPLE INC | AAPL | 037833100 | $1.4M | 0.82% | 4,494 | SH |
| 16 | ALTRIA GROUP INC | MO | 02209S103 | $1.4M | 0.80% | 18,974 | SH |
| 17 | VISA INC | V | 92826C839 | $1.3M | 0.77% | 3,669 | SH |
| 18 | CARDINAL HEALTH INC | CAH | 14149Y108 | $1.3M | 0.76% | 5,446 | SH |
| 19 | ISHARES TR | AGG | 464287226 | $1.1M | 0.67% | 11,601 | SH |
| 20 | WW GRAINGER INC | GWW | 384802104 | $1.1M | 0.67% | 834 | SH |
| 21 | MASTERCARD INCORPORATED | MA | 57636Q104 | $1.1M | 0.64% | 2,033 | SH |
| 22 | NVIDIA CORPORATION | NVDA | 67066G104 | $1.1M | 0.63% | 5,535 | SH |
| 23 | ADOBE INC | ADBE | 00724F101 | $1.1M | 0.63% | 4,934 | SH |
| 24 | MCKESSON CORP | MCK | 58155Q103 | $1.1M | 0.62% | 1,345 | SH |
| 25 | COLGATE PALMOLIVE CO | CL | 194162103 | $1.0M | 0.60% | 10,974 | SH |
| 26 | EQT CORP | EQT | 26884L109 | $953.2K | 0.56% | 18,434 | SH |
| 27 | DOMINOS PIZZA INC | DPZ | 25754A201 | $920.3K | 0.54% | 3,008 | SH |
| 28 | EOG RES INC | EOG | 26875P101 | $884.0K | 0.52% | 6,832 | SH |
| 29 | OREILLY AUTOMOTIVE INC | ORLY | 67103H107 | $860.6K | 0.50% | 10,216 | SH |
| 30 | SPDR SERIES TRUST | BIL | 78468R663 | $857.2K | 0.50% | 9,375 | SH |
| 31 | NETAPP INC | NTAP | 64110D104 | $843.1K | 0.49% | 5,155 | SH |
| 32 | ULTA BEAUTY INC | ULTA | 90384S303 | $809.8K | 0.47% | 1,790 | SH |
| 33 | LULULEMON ATHLETICA INC | LULU | 550021109 | $743.8K | 0.44% | 6,432 | SH |
| 34 | APOLLO GLOBAL MGMT INC | APO | 03769M106 | $729.6K | 0.43% | 5,972 | SH |
| 35 | JOHNSON & JOHNSON | JNJ | 478160104 | $695.0K | 0.41% | 2,680 | SH |
| 36 | LOWES COS INC | LOW | 548661107 | $694.1K | 0.41% | 3,102 | SH |
| 37 | BANK OF NY MELLON CORP | BK | 064058100 | $692.2K | 0.41% | 4,616 | SH |
| 38 | TESLA INC | TSLA | 88160R101 | $685.9K | 0.40% | 1,634 | SH |
| 39 | LENNOX INTL INC | LII | 526107107 | $672.6K | 0.39% | 1,184 | SH |
| 40 | INVESCO EXCHANGE TRADED FD T | SPHQ | 46137V241 | $584.2K | 0.34% | 6,600 | SH |
| 41 | ISHARES TR | IUSV | 464287663 | $563.1K | 0.33% | 5,032 | SH |
| 42 | SPROTT ASSET MANAGEMENT LP | PHYS | 85207H104 | $498.6K | 0.29% | 15,875 | SH |
| 43 | VANGUARD INDEX FDS | VTI | 922908769 | $474.2K | 0.28% | 1,276 | SH |
| 44 | INVESCO EXCHANGE TRADED FD T | PRFZ | 46137V597 | $441.5K | 0.26% | 8,000 | SH |
| 45 | PHILIP MORRIS INTL INC | PM | 718172109 | $430.0K | 0.25% | 2,328 | SH |
| 46 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $412.5K | 0.24% | 13,686 | SH |
| 47 | INVESCO EXCH TRD SLF IDX FD | BSMW | 46139W833 | $410.5K | 0.24% | 16,316 | SH |
| 48 | INVESCO EXCH TRD SLF IDX FD | BSMT | 46138J478 | $388.6K | 0.23% | 16,869 | SH |
| 49 | SPDR GOLD TR | GLD | 78463V107 | $386.3K | 0.23% | 1,011 | SH |
| 50 | MICROSOFT CORP | MSFT | 594918104 | $378.6K | 0.22% | 979 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-08 | $170.6M | 68 | 0001754960-26-000436 |
| 2026-03-31 | 2026-04-13 | $162.4M | 70 | 0001754960-26-000231 |
| 2025-12-31 | 2026-01-26 | $156.2M | 71 | 0001754960-26-000110 |