Q3 2026 13F · SEC CIK 1850871

Invariant Investment Management

Wealth managerFiled 2026-10-08 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $173.0M
Reported positions: 69
Holdings vs S&P 500, 3 yrs: —
Assets under management: $182.7M

Invariant Investment Management is a wealth manager that reported 69 positions worth $173.0M in its Q3 2026 13F, filed 2026-10-08. Its largest holdings were Ishares Tr (IEF, 15.2%), Invesco Exchange Traded Fd T (RSP, 15.2%), American Centy ETF Tr (AVUV, 10.6%).

Invariant Investment Management holdings largest 50 of 69 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Invariant Investment Management 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
IEFIshares Tr	15.2%	15.4%	295,577	+6.1%	$26.3M
RSPInvesco Exchange Traded Fd T	15.2%	15.5%	125,414	+1.8%	$26.3M
AVUVAmerican Centy ETF Tr	10.6%	10.9%	153,334	+2.2%	$18.4M
AVDVAmerican Centy ETF Tr	9.9%	9.4%	156,295	+3.5%	$17.1M
VOOVanguard Index Fds	5.5%	4.8%	13,366	+13.9%	$9.5M
SHYIshares Tr	5.1%	5.1%	107,818	+0.8%	$8.7M
AVEMAmerican Centy ETF Tr	4.2%	4.2%	75,916	+1.8%	$7.2M
SGOVIshares Tr	3.5%	3.5%	59,727	+0.0%	$6.0M
USMVIshares Tr	3.0%	3.0%	52,585	+1.4%	$5.2M
JPSTJ P Morgan Exchange Traded F	2.0%	2.3%	70,417	-9.2%	$3.5M
AVUSAvantis U.S. Equity ETF	1.8%	1.8%	24,062	+2.1%	$3.1M
JMSTJ P Morgan Exchange Traded F	1.7%	1.7%	56,929	+0.0%	$2.9M
BSMSInvesco Exch Trd Slf Idx Fd	1.5%	1.6%	113,614	+0.2%	$2.6M
MBBIshares Tr	1.1%	1.1%	20,504	+2.6%	$1.8M
AAPLApple Inc	0.9%	0.8%	4,469	-0.6%	$1.5M
MOAltria Group Inc	0.9%	0.8%	21,896	+15.4%	$1.5M
ADBEAdobe Inc	0.8%	0.6%	5,601	+13.5%	$1.3M
VVisa Inc	0.8%	0.8%	3,689	+0.5%	$1.3M
NVDANvidia Corporation	0.7%	0.6%	5,541	+0.1%	$1.3M
CAHCardinal Health Inc	0.7%	0.8%	5,431	-0.3%	$1.2M
MCKMckesson Corp	0.7%	0.6%	1,348	+0.2%	$1.2M
BILSpdr Series Trust	0.7%	0.5%	12,882	+37.4%	$1.2M
MAMastercard Incorporated	0.7%	0.6%	2,042	+0.4%	$1.1M
DPZDominos Pizza Inc	0.6%	0.5%	3,461	+15.1%	$1.0M
ULTAUlta Beauty Inc	0.6%	0.5%	1,827	+2.1%	$993K
ORLYOreilly Automotive Inc	0.6%	0.5%	11,442	+12.0%	$971K
EQTEqt Corp	0.5%	0.6%	18,815	+2.1%	$944K
CLColgate Palmolive Co	0.5%	0.6%	11,047	+0.7%	$931K
AGGIshares Tr	0.5%	0.7%	8,959	-22.8%	$844K
AZOAutozone Inc	0.4%	—	278	—	$776K
LULULululemon Athletica Inc	0.4%	0.4%	7,477	+16.2%	$706K
APOApollo Global Management Inc	0.4%	0.4%	6,132	+2.7%	$699K
JNJJohnson & Johnson	0.4%	0.4%	2,645	-1.3%	$677K
BNYBank of Ny Mellon Corp	0.4%	0.4%	4,634	+0.4%	$674K
NTAPNetapp Inc	0.4%	0.5%	2,871	-44.3%	$650K
TSLATesla Inc	0.3%	0.4%	1,634	+0.0%	$606K
IDXXIdexx Labs Inc	0.3%	—	1,138	—	$590K
AOSSmith A O Corp	0.3%	—	10,218	—	$580K
LOWLowes Cos Inc	0.3%	0.4%	3,161	+1.9%	$571K
IUSVIshares Tr	0.3%	0.3%	5,054	+0.4%	$561K
SPHQInvesco Exchange Traded Fd T	0.3%	0.3%	6,601	+0.0%	$560K
ADSKAutodesk Inc	0.3%	—	2,564	—	$544K
PHYSSprott Asset Management LP	0.3%	0.3%	15,875	+0.0%	$495K
VTIVanguard Index Fds	0.3%	0.3%	1,287	+0.9%	$487K
MSFTMicrosoft Corp	0.3%	0.2%	880	-10.1%	$456K
PMPhilip Morris Intl Inc	0.3%	0.3%	2,326	-0.1%	$436K
PRFZInvesco Rafi US 1500 Small-Mid ETF	0.2%	0.3%	8,000	+0.0%	$426K
BSMVInvesco Exch Trd Slf Idx Fd	0.2%	—	19,700	—	$394K
BSMWInvesco Exch Trd Slf Idx Fd	0.2%	0.2%	16,460	+0.9%	$391K
GLDSpdr Gold Tr	0.2%	0.2%	1,011	+0.0%	$384K

What Invariant Investment Management bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +5.8% /yr; S&P 500 +12.3%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$173.0M	69
Q2 2026	$170.6M	68
Q1 2026	$162.4M	70
Q4 2025	$156.2M	71

Questions about Invariant Investment Management's portfolio

What stocks does Invariant Investment Management own?

Invariant Investment Management's latest 13F, for Q3 2026 and filed Oct 8, 2026, lists 69 positions worth $173.0M. The largest are Ishares Tr (IEF) at 15.2%, Invesco Exchange Traded Fd T (RSP) at 15.2%, American Centy ETF Tr (AVUV) at 10.6%, American Centy ETF Tr (AVDV) at 9.9% and Vanguard Index Fds (VOO) at 5.5%.

What did Invariant Investment Management buy last quarter?

In Q3 2026, Invariant Investment Management added Spdr Series Trust (BIL) (+37.4% shares), Lululemon Athletica Inc (LULU) (+16.2% shares) and Altria Group Inc (MO) (+15.4% shares), compared with its Q2 2026 filing.

What did Invariant Investment Management sell last quarter?

In Q3 2026, Invariant Investment Management cut from its top 50 Ww Grainger Inc (GWW), cut from its top 50 Eog Res Inc (EOG), cut from its top 50 Lennox Intl Inc (LII), cut from its top 50 Caesars Entertainment Inc Ne, cut from its top 50 Invesco Exch Trd Slf Idx Fd (BSMT), Netapp Inc (NTAP) (-44.3% shares), Ishares Tr (AGG) (-22.8% shares) and Microsoft Corp (MSFT) (-10.1% shares), compared with its Q2 2026 filing.

When is Invariant Investment Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Invariant Investment Management's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Invariant Investment Management manage?

Invariant Investment Management reported $182.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $173.0M.