Invariant Investment Management

Q2 2026 13F-HR Holdings

Location
Camp Hill, PA
Holdings as of
6/30/2026
Date filed
7/8/2026
Form type
13F-HR
Num holdings
68
Total value ($000)
$170,571
Net value change ($000)
+8,130 (5.0%)
New positions
2
Sold out positions
4
Turnover %
4.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 4/13/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q1 2026
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)
USMV 5,077 NEW
IEF 4,954 23.3%
RSP 3,080 13.2%
VOO 2,320 40.1%
AVUV 404 2.2%
AVUS 343 12.8%
MA 252 30.3%
CL 235 29.7%
DPZ 218 31.1%
V 202 18.2%
Top Reduces (Value $000, Stocks/ETFs)
AVEM -5,607 -44.1%
AVDV -1,640 -9.3%
SGOV -981 -14.1%
KLAC -727 -100.0%
BSMQ -334 -100.0%
AMAT -311 -100.0%
SLV -207 -100.0%
JPST -187 -4.6%
LOW -185 -21.0%
ULTA -152 -15.8%
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