Invariant Investment Management — 13F Holdings

2026 Q1  ·  75 Positions

2026 Q1 Portfolio Activity

In 2026 Q1, Invariant Investment Management maintained a portfolio of 75 distinct positions. The most significant new addition was CAESARS ENTERTAINMENT INC NE, now representing 0.22% of the total fund value. They heavily accumulated shares in AMERICAN CENTY ETF TR, increasing the position by 25.5%. The fund also reduced its exposure to KLA CORP by 37.5%.
Position History hover any row below to update
Loading…
Invariant Investment Management AUM $162M
Fund Overview SEC EDGAR
PCA Score Concentration Risk
Risk ENB
To Excel To CSV
Total Positions
75
Quarter
2026 Q1
Top Holding
RSP (14.4%)
Top 10 Concentration
74.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 75
Stock History Sector / Type Port % Prev % Rank / Prev Conviction
Freshness
Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
RSP
INVESCO EXCHANG...
Unknown 14.41% 14.59% #1
Prev: #1
6.5
—
2,874 2.5%
P
S
118,196 $23,412,354
$190.77 +11.4%
$191.92 +10.8%
2025 Q4 13F Filing 2026-03-31 2026-04-13
IEF
ISHARES TR
ETF 13.09% 13.13% #2
Prev: #2
6.0
—
9,908 4.7%
P
S
222,892 $21,270,584
$94.62 -0.1%
$94.49 +0.0%
2025 Q4 13F Filing 2026-03-31 2026-04-13
AVUV
AMERICAN CENTY ...
ETF 11.19% 10.34% #3 1
Prev: #4
5.5
—
6,984 4.6%
P
S
157,464 $18,180,835
$101.73 +20.3%
$110.07 +11.2%
2025 Q4 13F Filing 2026-03-31 2026-04-13
AVDV
AMERICAN CENTY ...
Bond/Debt 10.84% 11.08% #4 1
Prev: #3
5.0
—
-10,461 -5.9%
P
S
167,728 $17,604,705 2025 Q4 13F Filing 2026-03-31 2026-04-13
AVEM
AMERICAN CENTY ...
Bond/Debt 7.82% 6.05% #5
Prev: #5
6.1
—
30,195 25.5%
P
S
148,404 $12,710,821 2025 Q4 13F Filing 2026-03-31 2026-04-13
SHY
ISHARES TR
ETF 5.40% 5.69% #6
Prev: #6
2.7
—
-868 -0.8%
P
S
106,422 $8,773,435 2025 Q4 13F Filing 2026-03-31 2026-04-13
SGOV
ISHARES TR
Bond/Debt 4.30% 4.95% #7
Prev: #7
2.2
—
-7,465 -9.7%
P
S
69,477 $6,979,659 2025 Q4 13F Filing 2026-03-31 2026-04-13
VOO
VANGUARD INDEX ...
ETF 3.56% 3.18% #8 1
Prev: #9
3.4
—
1,462 18.8%
P
S
9,255 $5,784,422 2025 Q4 13F Filing 2026-03-31 2026-04-13
JPST
J P MORGAN EXCH...
ETF 2.53% 3.19% #9 1
Prev: #8
1.5
—
-17,067 -17.4%
P
S
81,227 $4,101,961 2025 Q4 13F Filing 2026-03-31 2026-04-13
JMST
J P MORGAN EXCH...
ETF 1.80% 1.95% #10
Prev: #10
1.2
—
-2,030 -3.4%
P
S
57,539 $2,929,587 2025 Q4 13F Filing 2026-03-31 2026-04-13
AVUS
AMERICAN CENTY ...
ETF 1.64% 1.61% #11 1
Prev: #12
1.2
—
1,063 4.9%
P
S
22,949 $2,670,997 2025 Q4 13F Filing 2026-03-31 2026-04-13
BSMS
INVESCO EXCH TR...
ETF 1.63% 1.70% #12 1
Prev: #11
1.2
—
135 0.1%
P
S
112,648 $2,644,408 2025 Q4 13F Filing 2026-03-31 2026-04-13
MBB
ISHARES TR
ETF 1.13% 1.11% #13
Prev: #13
2.5
—
1,173 6.5%
P
S
19,277 $1,834,378 2025 Q4 13F Filing 2026-03-31 2026-04-13
MO
ALTRIA GROUP IN...
Consumer Defensive 0.80% 0.69% #14 5
Prev: #19
0.8
—
460 2.4%
P
S
19,277 $1,300,455 2025 Q4 13F Filing 2026-03-31 2026-04-13
AAPL
APPLE INC
Technology 0.75% 0.78% #15 1
Prev: #14
0.8
—
-12 -0.3%
P
S
4,707 $1,226,230 2025 Q4 13F Filing 2026-03-31 2026-04-13
CAH
CARDINAL HEALTH...
Healthcare 0.75% 0.71% #16
Prev: #16
0.8
—
80 1.4%
P
S
5,626 $1,214,115 2025 Q4 13F Filing 2026-03-31 2026-04-13
MCK
MCKESSON CORP
Healthcare 0.74% 0.71% #17
Prev: #17
0.8
—
11 0.8%
P
S
1,369 $1,195,930 2025 Q4 13F Filing 2026-03-31 2026-04-13
V
VISA INC
Financial Services 0.68% 0.62% #18 2
Prev: #20
2.8
—
827 29.8%
P
S
3,598 $1,109,347 2025 Q4 13F Filing 2026-03-31 2026-04-13
EQT
EQT CORP
Energy 0.68% 0.59% #19 5
Prev: #24
0.8
—
443 2.5%
P
S
18,492 $1,099,703 2025 Q4 13F Filing 2026-03-31 2026-04-13
AGG
ISHARES TR
ETF 0.65% 0.39% #20 17
Prev: #37
3.3
—
4,631 76.6%
P
S
10,680 $1,062,563 2025 Q4 13F Filing 2026-03-31 2026-04-13
GWW
WW GRAINGER INC
Industrials 0.64% 0.58% #21 5
Prev: #26
0.8
—
8 0.9%
P
S
882 $1,033,869 2025 Q4 13F Filing 2026-03-31 2026-04-13
NVDA
NVIDIA CORPORAT...
Technology 0.63% 0.70% #22 4
Prev: #18
0.8
—
-359 -6.1%
P
S
5,527 $1,016,545 2025 Q4 13F Filing 2026-03-31 2026-04-13
ADBE
ADOBE INC
Technology 0.61% 0.58% #23 4
Prev: #27
3.2
—
1,587 58.9%
P
S
4,280 $984,143 2025 Q4 13F Filing 2026-03-31 2026-04-13
ORLY
OREILLY AUTOMOT...
Consumer Cyclical 0.60% 0.60% #24 2
Prev: #22
0.7
—
260 2.6%
P
S
10,270 $969,512 2025 Q4 13F Filing 2026-03-31 2026-04-13
ULTA
ULTA BEAUTY INC
Consumer Cyclical 0.59% 0.76% #25 10
Prev: #15
0.7
—
17 1.0%
P
S
1,805 $961,553 2025 Q4 13F Filing 2026-03-31 2026-04-13
EOG
EOG RES INC
Energy 0.58% 0.46% #26 7
Prev: #33
0.7
—
70 1.0%
P
S
6,951 $949,376 2025 Q4 13F Filing 2026-03-31 2026-04-13
LOW
LOWES COS INC
Consumer Cyclical 0.54% 0.60% #27 4
Prev: #23
0.7
—
65 1.9%
P
S
3,549 $879,449 2025 Q4 13F Filing 2026-03-31 2026-04-13
MA
MASTERCARD INCO...
Financial Services 0.51% 0.58% #28 3
Prev: #25
2.2
—
87 5.6%
P
S
1,653 $832,389 2025 Q4 13F Filing 2026-03-31 2026-04-13
CL
COLGATE PALMOLI...
Consumer Defensive 0.49% 0.47% #29 2
Prev: #31
0.7
—
112 1.2%
P
S
9,179 $789,743 2025 Q4 13F Filing 2026-03-31 2026-04-13
BIL
SPDR SERIES TRU...
ETF 0.47% 0.52% #30 1
Prev: #29
0.7
—
-540 -6.1%
P
S
8,356 $764,277 2025 Q4 13F Filing 2026-03-31 2026-04-13
NTAP
NETAPP INC
Technology 0.46% 0.51% #31 1
Prev: #30
0.7
—
259 3.4%
P
S
7,772 $743,531 2025 Q4 13F Filing 2026-03-31 2026-04-13
KLAC
KLA CORP
Technology 0.45% 0.60% #32 11
Prev: #21
0.2
—
-253 -37.5%
P
S
421 $727,240 2025 Q4 13F Filing 2026-03-31 2026-04-13
DPZ
DOMINOS PIZZA I...
Consumer Cyclical 0.43% 0.46% #33 1
Prev: #32
2.2
—
90 5.0%
P
S
1,882 $702,400 2025 Q4 13F Filing 2026-03-31 2026-04-13
LII
LENNOX INTL INC
Industrials 0.40% 0.42% #34 2
Prev: #36
2.2
—
78 6.3%
P
S
1,317 $643,587 2025 Q4 13F Filing 2026-03-31 2026-04-13
JNJ
JOHNSON & JOHNS...
Healthcare 0.39% 0.38% #35 3
Prev: #38
0.7
—
-233 -8.1%
P
S
2,634 $635,529 2025 Q4 13F Filing 2026-03-31 2026-04-13
BK
BANK NEW YORK M...
Financial Services 0.36% 0.35% #36 4
Prev: #40
0.6
—
21 0.5%
P
S
4,598 $591,155 2025 Q4 13F Filing 2026-03-31 2026-04-13
LULU
LULULEMON ATHLE...
Consumer Cyclical 0.36% 0.43% #37 3
Prev: #34
2.1
—
231 7.0%
P
S
3,509 $584,284 2025 Q4 13F Filing 2026-03-31 2026-04-13
PM
PHILIP MORRIS I...
Consumer Defensive 0.36% 0.24% #38 13
Prev: #51
3.1
—
1,253 53.7%
P
S
3,586 $578,184 2025 Q4 13F Filing 2026-03-31 2026-04-13
APO
APOLLO GLOBAL M...
Financial Services 0.36% 0.42% #39 4
Prev: #35
2.1
—
843 18.5%
P
S
5,391 $576,756 2025 Q4 13F Filing 2026-03-31 2026-04-13
PHYS
SPROTT ASSET MA...
Unknown 0.35% 0.35% #40 1
Prev: #39
1.1
—
no change no change
P
S
15,875 $573,723 2025 Q4 13F Filing 2026-03-31 2026-04-13
TSLA
TESLA INC
Consumer Cyclical 0.35% 0.56% #41 13
Prev: #28
0.6
—
-324 -16.5%
P
S
1,634 $564,743 2025 Q4 13F Filing 2026-03-31 2026-04-13
SPHQ
INVESCO EXCHANG...
ETF 0.32% 0.33% #42 1
Prev: #41
0.6
—
2 0.0%
P
S
6,599 $522,514 2025 Q4 13F Filing 2026-03-31 2026-04-13
IUSV
ISHARES TR
ETF 0.28% 0.29% #43 1
Prev: #42
0.6
—
13 0.3%
P
S
4,311 $453,556 2025 Q4 13F Filing 2026-03-31 2026-04-13
GLD
SPDR GOLD TR
ETF 0.27% 0.27% #44 1
Prev: #45
1.1
—
no change no change
P
S
1,011 $442,727 2025 Q4 13F Filing 2026-03-31 2026-04-13
VTI
VANGUARD INDEX ...
ETF 0.26% 0.28% #45 2
Prev: #43
0.6
—
4 0.3%
P
S
1,272 $426,768 2025 Q4 13F Filing 2026-03-31 2026-04-13
BSMW
INVESCO EXCH TR...
Unknown 0.25% 0.26% #46 1
Prev: #47
0.6
—
127 0.8%
P
S
16,187 $406,383 2025 Q4 13F Filing 2026-03-31 2026-04-13
BSMT
INVESCO EXCH TR...
ETF 0.24% 0.26% #47 2
Prev: #49
0.6
—
-519 -3.0%
P
S
16,774 $387,810 2025 Q4 13F Filing 2026-03-31 2026-04-13
PRFZ
INVESCO EXCHANG...
ETF 0.24% 0.25% #48 2
Prev: #50
1.1
—
no change no change
P
S
8,000 $384,932 2025 Q4 13F Filing 2026-03-31 2026-04-13
EMLC
VANECK ETF TRUS...
ETF 0.23% 0.27% #49 3
Prev: #46
0.6
—
-1,545 -9.6%
P
S
14,517 $373,805 2025 Q4 13F Filing 2026-03-31 2026-04-13
CZR
CAESARS ENTERTA...
Consumer Cyclical 0.22% — #50
Prev: #—
3.6
—
13,686 —
NEW
 13,686 $361,858 2026 Q1 13F Filing 2026-03-31 2026-04-13
Showing 1-50 of 75 holdings

Unlock Full Invariant Investment Management Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Upgrade to PRO
Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics
Full history →