Largest positions
| Issuer | Class | Value | Share |
|---|---|---|---|
| Invesco Exchange Traded FD TS&P500 EQL WGT | S&P500 EQL WGT | $26.5M | 15.5% |
| iShares TR7-10 YR TRSY BD | 7-10 YR TRSY BD | $26.2M | 15.4% |
| American Centy ETF TRUS SML CP VALU | US SML CP VALU | $18.6M | 10.9% |
| American Centy ETF TRINTL SMCP VLU | INTL SMCP VLU | $16M | 9.4% |
| iShares TR1 3 YR TREAS BD | 1 3 YR TREAS BD | $8.77M | 5.1% |
| Vanguard Index FdsS&P 500 ETF SHS | S&P 500 ETF SHS | $8.1M | 4.8% |
| American Centy ETF TRAVANTIS EMGMKT | AVANTIS EMGMKT | $7.1M | 4.2% |
| iShares TR0-3 MTH TREASURY | 0-3 MTH TREASURY | $6M | 3.5% |
| iShares TRMSCI USA MIN ETF | MSCI USA MIN ETF | $5.08M | 3.0% |
| J P Morgan Exchange Traded FULTRA SHRT ETF | ULTRA SHRT ETF | $3.91M | 2.3% |
| American Centy ETF TRUS EQT ETF | US EQT ETF | $3.01M | 1.8% |
| J P Morgan Exchange Traded FULTRA SHT MUNCPL | ULTRA SHT MUNCPL | $2.9M | 1.7% |
| Invesco Exch Trd Slf Idx FDBULSHS 2028 MUNI | BULSHS 2028 MUNI | $2.66M | 1.6% |
| iShares TRMBS ETF | MBS ETF | $1.88M | 1.1% |
| Apple Inc.COM | COM | $1.4M | 0.8% |
| Altria Group Inc.COM | COM | $1.36M | 0.8% |
| Visa Inc.COM CL A | COM CL A | $1.31M | 0.8% |
| Cardinal Health Inc.COM | COM | $1.29M | 0.8% |
| iShares TRCORE US AGGBD ET | CORE US AGGBD ET | $1.14M | 0.7% |
| WW Grainger Inc.COM | COM | $1.14M | 0.7% |
| Mastercard IncorporatedCL A | CL A | $1.08M | 0.6% |
| Nvidia CorporationCOM | COM | $1.08M | 0.6% |
| Adobe Inc.COM | COM | $1.08M | 0.6% |
| Mckesson Corp.COM | COM | $1.05M | 0.6% |
| Colgate Palmolive COCOM | COM | $1.02M | 0.6% |
| EQT Corp.COM | COM | $953K | 0.6% |
| Dominos Pizza Inc.COM | COM | $920K | 0.5% |
| Eog Res Inc.COM | COM | $884K | 0.5% |
| Oreilly Automotive Inc.COM | COM | $861K | 0.5% |
| SPDR Series TrustST STR BLO 1 ETF | ST STR BLO 1 ETF | $857K | 0.5% |
| Netapp Inc.COM | COM | $843K | 0.5% |
| Ulta Beauty Inc.COM | COM | $810K | 0.5% |
| Lululemon Athletica Inc.COM | COM | $744K | 0.4% |
| Apollo Global Mgmt Inc.COM | COM | $730K | 0.4% |
| Johnson & JohnsonCOM | COM | $695K | 0.4% |
| Lowes Cos Inc.COM | COM | $694K | 0.4% |
| Bank OF NY Mellon Corp.COM | COM | $692K | 0.4% |
| Tesla Inc.COM | COM | $686K | 0.4% |
| Lennox Intl Inc.COM | COM | $673K | 0.4% |
| Invesco Exchange Traded FD TS&P500 QUALITY | S&P500 QUALITY | $584K | 0.3% |
| iShares TRCORE S&P US VLU | CORE S&P US VLU | $563K | 0.3% |
| Sprott Asset Management LPPHYSICAL GOLD TR | PHYSICAL GOLD TR | $499K | 0.3% |
| Vanguard Index FdsTOTAL STK MKT | TOTAL STK MKT | $474K | 0.3% |
| Invesco Exchange Traded FD TRAFI US 1500 | RAFI US 1500 | $442K | 0.3% |
| Philip Morris Intl Inc.COM | COM | $430K | 0.3% |
| Caesars Entertainment Inc. NECOM | COM | $412K | 0.2% |
| Invesco Exch Trd Slf Idx FDBULLETSHS 32 MUN | BULLETSHS 32 MUN | $411K | 0.2% |
| Invesco Exch Trd Slf Idx FDBULSHS 2029 MUNI | BULSHS 2029 MUNI | $389K | 0.2% |
| SPDR Gold TRGOLD SHS | GOLD SHS | $386K | 0.2% |
| Microsoft Corp.COM | COM | $379K | 0.2% |
Invesco Exchange Traded FD TS&P500 EQL WGT$26.5M
- Class
- S&P500 EQL WGT
- Share
- 15.5%
iShares TR7-10 YR TRSY BD$26.2M
- Class
- 7-10 YR TRSY BD
- Share
- 15.4%
American Centy ETF TRUS SML CP VALU$18.6M
- Class
- US SML CP VALU
- Share
- 10.9%
American Centy ETF TRINTL SMCP VLU$16M
- Class
- INTL SMCP VLU
- Share
- 9.4%
iShares TR1 3 YR TREAS BD$8.77M
- Class
- 1 3 YR TREAS BD
- Share
- 5.1%
Vanguard Index FdsS&P 500 ETF SHS$8.1M
- Class
- S&P 500 ETF SHS
- Share
- 4.8%
American Centy ETF TRAVANTIS EMGMKT$7.1M
- Class
- AVANTIS EMGMKT
- Share
- 4.2%
iShares TR0-3 MTH TREASURY$6M
- Class
- 0-3 MTH TREASURY
- Share
- 3.5%
iShares TRMSCI USA MIN ETF$5.08M
- Class
- MSCI USA MIN ETF
- Share
- 3.0%
J P Morgan Exchange Traded FULTRA SHRT ETF$3.91M
- Class
- ULTRA SHRT ETF
- Share
- 2.3%
American Centy ETF TRUS EQT ETF$3.01M
- Class
- US EQT ETF
- Share
- 1.8%
J P Morgan Exchange Traded FULTRA SHT MUNCPL$2.9M
- Class
- ULTRA SHT MUNCPL
- Share
- 1.7%
Invesco Exch Trd Slf Idx FDBULSHS 2028 MUNI$2.66M
- Class
- BULSHS 2028 MUNI
- Share
- 1.6%
iShares TRMBS ETF$1.88M
- Class
- MBS ETF
- Share
- 1.1%
Apple Inc.COM$1.4M
- Class
- COM
- Share
- 0.8%
Altria Group Inc.COM$1.36M
- Class
- COM
- Share
- 0.8%
Visa Inc.COM CL A$1.31M
- Class
- COM CL A
- Share
- 0.8%
Cardinal Health Inc.COM$1.29M
- Class
- COM
- Share
- 0.8%
iShares TRCORE US AGGBD ET$1.14M
- Class
- CORE US AGGBD ET
- Share
- 0.7%
WW Grainger Inc.COM$1.14M
- Class
- COM
- Share
- 0.7%
Mastercard IncorporatedCL A$1.08M
- Class
- CL A
- Share
- 0.6%
Nvidia CorporationCOM$1.08M
- Class
- COM
- Share
- 0.6%
Adobe Inc.COM$1.08M
- Class
- COM
- Share
- 0.6%
Mckesson Corp.COM$1.05M
- Class
- COM
- Share
- 0.6%
Colgate Palmolive COCOM$1.02M
- Class
- COM
- Share
- 0.6%
EQT Corp.COM$953K
- Class
- COM
- Share
- 0.6%
Dominos Pizza Inc.COM$920K
- Class
- COM
- Share
- 0.5%
Eog Res Inc.COM$884K
- Class
- COM
- Share
- 0.5%
Oreilly Automotive Inc.COM$861K
- Class
- COM
- Share
- 0.5%
SPDR Series TrustST STR BLO 1 ETF$857K
- Class
- ST STR BLO 1 ETF
- Share
- 0.5%
Netapp Inc.COM$843K
- Class
- COM
- Share
- 0.5%
Ulta Beauty Inc.COM$810K
- Class
- COM
- Share
- 0.5%
Lululemon Athletica Inc.COM$744K
- Class
- COM
- Share
- 0.4%
Apollo Global Mgmt Inc.COM$730K
- Class
- COM
- Share
- 0.4%
Johnson & JohnsonCOM$695K
- Class
- COM
- Share
- 0.4%
Lowes Cos Inc.COM$694K
- Class
- COM
- Share
- 0.4%
Bank OF NY Mellon Corp.COM$692K
- Class
- COM
- Share
- 0.4%
Tesla Inc.COM$686K
- Class
- COM
- Share
- 0.4%
Lennox Intl Inc.COM$673K
- Class
- COM
- Share
- 0.4%
Invesco Exchange Traded FD TS&P500 QUALITY$584K
- Class
- S&P500 QUALITY
- Share
- 0.3%
iShares TRCORE S&P US VLU$563K
- Class
- CORE S&P US VLU
- Share
- 0.3%
Sprott Asset Management LPPHYSICAL GOLD TR$499K
- Class
- PHYSICAL GOLD TR
- Share
- 0.3%
Vanguard Index FdsTOTAL STK MKT$474K
- Class
- TOTAL STK MKT
- Share
- 0.3%
Invesco Exchange Traded FD TRAFI US 1500$442K
- Class
- RAFI US 1500
- Share
- 0.3%
Philip Morris Intl Inc.COM$430K
- Class
- COM
- Share
- 0.3%
Caesars Entertainment Inc. NECOM$412K
- Class
- COM
- Share
- 0.2%
Invesco Exch Trd Slf Idx FDBULLETSHS 32 MUN$411K
- Class
- BULLETSHS 32 MUN
- Share
- 0.2%
Invesco Exch Trd Slf Idx FDBULSHS 2029 MUNI$389K
- Class
- BULSHS 2029 MUNI
- Share
- 0.2%
SPDR Gold TRGOLD SHS$386K
- Class
- GOLD SHS
- Share
- 0.2%
Microsoft Corp.COM$379K
- Class
- COM
- Share
- 0.2%
The share class is shown on a wider screen.
The 50 largest of 68 positions by value, with holdings of the same security combined. The 68 largest are in this firm's machine-readable record. Share counts and quarter-on-quarter changes for each position are on EDGAR. View the full information table on EDGAR
This filing
- Form
- 13F-HR
- CIK
- 1850871
- File number
- 028-25970
- Options
- 0 call, 0 put
- In the 25 largest
- 87.8%
- Prior quarter
- $162M at 31 March 2026
- Positions opened
- 2
- Positions closed
- 4
Common questions
What are Invariant Investment Management’s 13F holdings worth?
$171 million across 68 positions for the quarter ended 30 June 2026.
What is Invariant Investment Management’s largest 13F holding?
INVESCO EXCHANGE TRADED FD T (S&P500 EQL WGT) was the largest position at $26.5 million, or 15.5% of reported 13F value, as of 30 June 2026.
How concentrated is Invariant Investment Management’s 13F portfolio?
The ten largest positions accounted for 74.0% of reported value and the twenty-five largest for 87.8%, across 68 positions as of 30 June 2026.
Does Form 13F show everything Invariant Investment Management manages?
No. Form 13F covers only long positions in exchange-traded securities over which the manager has investment discretion, valued at quarter end. It excludes cash, most bonds, private funds, and any assets the firm does not have discretion over, so it is neither the firm's total assets nor any individual client's portfolio.
How often does Invariant Investment Management file its 13F?
Every quarter. Managers file within 45 days of each quarter's end, so the figures are a snapshot that changes between filings. This page shows the quarter ended 30 June 2026.
Answered from this filing and the prior quarter's.