Invariant Investment Management

Q1 2026 13F-HR Holdings

Location
Camp Hill, PA
Holdings as of
3/31/2026
Date filed
4/13/2026
Form type
13F-HR
Num holdings
70
Total value ($000)
$162,441
Net value change ($000)
+6,203 (4.0%)
New positions
4
Sold out positions
5
Turnover %
1.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/26/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AVEM 3,257 34.5%
AVUV 2,030 12.6%
VOO 809 16.3%
IEF 761 3.7%
RSP 624 2.7%
AGG 457 75.4%
CZR 362 NEW
AVDV 287 1.7%
EFAV 240 NEW
EOG 227 31.4%
Top Reduces (Value $000, Stocks/ETFs)
JPST -875 -17.6%
SGOV -750 -9.7%
IT -406 -100.0%
AVRE -329 -100.0%
TSLA -306 -35.1%
XLE -249 -100.0%
BX -235 -100.0%
ULTA -229 -19.2%
KLAC -216 -22.9%
IEI -202 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type