Invariant Investment Management

CIK

1850871

Location

CAMP HILL, PA

Portfolio Value

Micro $25,916,574

Diversification

Diversified

Filing Date

Global Rank

#7,601 / 8,517 ▲ 351

Top Industry

Medical Distribution 9.0%

3Y Alpha vs SPY

+36.4%

Period ended 46 days ago

Filed Jul 8, 2026 · 38d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+28.0%

SPY

+13.9%

Annualised alpha

+34.3%

Max drawdown

−9.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 3 quarters. Past performance does not predict future results.

Portfolio Concentration

36 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.3%

+0.5 pts

Top 5

24.5%

+2.0 pts

Top 10

44.5%

+3.0 pts

HHI

343

Diversified+32

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	19.9%	$5,157,200	7
Technology	17.7%	$4,582,422	5
Financial Services	16.0%	$4,155,959	5
Healthcare	12.9%	$3,341,961	4
Consumer Defensive	12.8%	$3,324,856	5
Industrials	8.9%	$2,307,310	4
Energy	8.2%	$2,119,399	3
Unclassified	1.4%	$372,432	1
Utilities	1.2%	$320,243	1
Communication Services	0.9%	$234,792	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
LULU	lululemon athletica inc.	+2,923	6,432	$734,405
CL	Colgate Palmolive Co	+1,795	10,974	$1,006,096
DPZ	Dominos Pizza Inc	+1,126	3,008	$890,488
ADBE	Adobe Inc.	+654	4,934	$1,011,568
APO	Apollo Global Management, Inc.	+581	5,972	$706,547
MA	Mastercard Inc	+380	2,033	$1,044,148
MSFT	Microsoft Corp	+102	979	$365,186
V	Visa Inc.	+71	3,669	$1,258,797
PPL	PPL Corp	+61	8,810	$320,243
JNJ	Johnson & Johnson	+46	2,680	$680,639
CVX	Chevron Corp	+34	1,526	$252,949
BNY	Bank of New York Mellon Corp	+18	4,616	$667,519
HSY	Hershey Co	+10	1,465	$257,034
NVDA	Nvidia Corp	+8	5,535	$1,107,498
PG	PROCTER & GAMBLE Co	+5	1,878	$275,389
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
NTAP	NetApp, Inc.	−2,617	5,155	$797,787
PM	Philip Morris International Inc.	−1,258	2,328	$421,158
WNC	WABASH NATIONAL Corp	−684	12,051	$162,688
LOW	Lowes Companies Inc	−447	3,102	$683,959
MO	Altria Group, Inc.	−303	18,974	$1,365,179
AAPL	Apple Inc.	−213	4,494	$1,300,383
CAH	Cardinal Health Inc	−180	5,446	$1,293,751
LII	Lennox International Inc	−133	1,184	$678,372
EOG	Eog Resources Inc	−119	6,832	$886,315
ABBV	AbbVie Inc.	−76	1,396	$351,289
EQT	EQT Corp	−58	18,434	$980,135
ORLY	O Reilly Automotive Inc	−54	10,216	$940,791
GWW	W.W. Grainger, Inc.	−48	834	$1,134,573
GOOGL	Alphabet Inc.	−35	657	$234,792
MCK	Mckesson Corp	−24	1,345	$1,016,282
ULTA	Ulta Beauty, Inc.	−15	1,790	$807,254
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	8,356	$765,743
KLAC	Kla Corp	421	$619,884
AMAT	Applied Materials Inc /De	782	$267,279
SLV	iShares Silver Trust	3,028	$206,327
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 tracked positions · $25,916,574 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MO	Altria Group, Inc. Consumer Defensive	Reduced	18,974	-303	$1,365,179	+7.3%	5.27%
AAPL	Apple Inc. Technology	Reduced	4,494	-213	$1,300,383	+8.9%	5.02%
CAH	Cardinal Health Inc Healthcare	Reduced	5,446	-180	$1,293,751	+8.8%	4.99%
V	Visa Inc. Financial Services	Added	3,669	+71	$1,258,797	+15.8%	4.86%
GWW	W.W. Grainger, Inc. Industrials	Reduced	834	-48	$1,134,573	+17.9%	4.38%
NVDA	Nvidia Corp Technology	Added	5,535	+8	$1,107,498	+14.9%	4.27%
MA	Mastercard Inc Financial Services	Added	2,033	+380	$1,044,148	+26.4%	4.03%
MCK	Mckesson Corp Healthcare	Reduced	1,345	-24	$1,016,282	−14.2%	3.92%
ADBE	Adobe Inc. Technology	Added	4,934	+654	$1,011,568	−2.8%	3.90%
CL	Colgate Palmolive Co Consumer Defensive	Added	10,974	+1,795	$1,006,096	+28.6%	3.88%
EQT	EQT Corp Energy	Reduced	18,434	-58	$980,135	−16.7%	3.78%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	10,216	-54	$940,791	−0.8%	3.63%
DPZ	Dominos Pizza Inc Consumer Cyclical	Added	3,008	+1,126	$890,488	+31.9%	3.44%
EOG	Eog Resources Inc Energy	Reduced	6,832	-119	$886,315	−11.8%	3.42%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Reduced	1,790	-15	$807,254	−14.4%	3.11%
NTAP	NetApp, Inc. Technology	Reduced	5,155	-2,617	$797,787	+0.3%	3.08%
LULU	lululemon athletica inc. Consumer Cyclical	Added	6,432	+2,923	$734,405	+36.7%	2.83%
APO	Apollo Global Management, Inc. Financial Services	Added	5,972	+581	$706,547	+17.6%	2.73%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,634	0	$687,260	+13.1%	2.65%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	3,102	-447	$683,959	−18.4%	2.64%
JNJ	Johnson & Johnson Healthcare	Added	2,680	+46	$680,639	+5.7%	2.63%
LII	Lennox International Inc Industrials	Reduced	1,184	-133	$678,372	+11.0%	2.62%
BNY	Bank of New York Mellon Corp Financial Services	Added	4,616	+18	$667,519	+22.4%	2.58%
PHYS	Sprott Physical Gold Trust Financial Services	Held	15,875	0	$478,948	−14.9%	1.85%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	2,328	-1,258	$421,158	−29.0%	1.63%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Held	13,686	0	$413,043	+14.2%	1.59%
GLD	Spdr Gold Trust	Held	1,011	0	$372,432	−14.4%	1.44%
MSFT	Microsoft Corp Technology	Added	979	+102	$365,186	+12.5%	1.41%
ABBV	AbbVie Inc. Healthcare	Reduced	1,396	-76	$351,289	+9.7%	1.36%
TDG	TransDigm Group INC Industrials	Held	249	0	$331,677	+14.9%	1.28%
PPL	PPL Corp Utilities	Added	8,810	+61	$320,243	−4.2%	1.24%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,878	+5	$275,389	+1.8%	1.06%
HSY	Hershey Co Consumer Defensive	Added	1,465	+10	$257,034	−15.0%	0.99%
CVX	Chevron Corp Energy	Added	1,526	+34	$252,949	−18.1%	0.98%
GOOGL	Alphabet Inc. Communication Services	Reduced	657	-35	$234,792	+18.0%	0.91%
WNC	WABASH NATIONAL Corp Industrials	Reduced	12,051	-684	$162,688	+48.2%	0.63%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.