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Invariant Investment Management Portfolio
$173M across 69 positions as of 2026-09-30, with 74% of it in the ten largest. 4 quarters on file.
How the reported portfolio did
Each 13F's long stock positions, held to the next quarter's end, against the S&P 500. Yearly rates, on closes without dividends.
1 year
—
a quarter missing or too little priced
3 years
—
a quarter missing or too little priced
5 years
—
a quarter missing or too little priced
Quarters ahead
1 of 3
| Quarter | Portfolio | S&P 500 |
|---|---|---|
| Jun 30, 2026 to Sep 30, 2026 | -1.2% | +2.1% |
| Mar 31, 2026 to Jun 30, 2026 | +7.0% | +14.8% |
| Dec 31, 2025 to Mar 31, 2026 | +1.4% | -4.6% |
Largest first
Share is of this manager's reported book. A holding with no symbol is one this site does not track as a company; the filing's own name for it is shown instead.
| Holding | Value | Share | Shares |
|---|---|---|---|
| IEFiShares 7-10 Year Treasury Bond ETF | $26.3M | 15.2% | 295,577 |
| RSPInvesco S&P 500 Equal Weight ETF | $26.3M | 15.2% | 125,414 |
| AVUVAvantis U.S. Small Cap Value ETF | $18.4M | 10.6% | 153,334 |
| AVDVAvantis International Small Cap Value ETF | $17.1M | 9.9% | 156,295 |
| VOOVanguard S&P 500 ETF | $9.5M | 5.5% | 13,366 |
| SHYiShares 1-3 Year Treasury Bond ETF | $8.7M | 5.1% | 107,818 |
| AVEMAvantis Emerging Markets Equity ETF | $7.2M | 4.2% | 75,916 |
| SGOViShares 0-3 Month Treasury Bond ETF | $6M | 3.5% | 59,727 |
| USMViShares MSCI USA Min Vol Factor ETF | $5.2M | 3.0% | 52,585 |
| JPSTJPMorgan Ultra-Short Income ETF | $3.5M | 2.0% | 70,417 |
| AVUSAvantis U.S. Equity ETF | $3.1M | 1.8% | 24,062 |
| JMSTJPMorgan Ultra-Short Municipal Income ETF | $2.9M | 1.7% | 56,929 |
| INVESCO EXCH TRD SLF IDX FD | $2.6M | 1.5% | 113,614 |
| MBBiShares MBS ETF | $1.8M | 1.1% | 20,504 |
| AAPLApple Inc | $1.5M | 0.9% | 4,469 |
| MOAltria Group Inc | $1.5M | 0.9% | 21,896 |
| ADBEAdobe Inc | $1.3M | 0.8% | 5,601 |
| VVisa Inc | $1.3M | 0.8% | 3,689 |
| NVDANVIDIA Corp | $1.3M | 0.7% | 5,541 |
| CAHCardinal Health Inc | $1.2M | 0.7% | 5,431 |
| MCKMcKesson Corp | $1.2M | 0.7% | 1,348 |
| BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF | $1.2M | 0.7% | 12,882 |
| MAMastercard Inc | $1.1M | 0.7% | 2,042 |
| DPZDomino's Pizza Inc | $1M | 0.6% | 3,461 |
| ULTAUlta Beauty Inc | $993.2K | 0.6% | 1,827 |
| ORLYO'Reilly Automotive Inc | $971.4K | 0.6% | 11,442 |
| EQTEQT Corp | $944K | 0.5% | 18,815 |
| CLColgate-Palmolive Co | $930.9K | 0.5% | 11,047 |
| AGGiShares Core U.S. Aggregate Bond ETF | $844.4K | 0.5% | 8,959 |
| AZOAutozone Inc | $776.2K | 0.4% | 278 |
| LULULululemon Athletica Inc | $706.3K | 0.4% | 7,477 |
| APOApollo Global Management Inc | $699.2K | 0.4% | 6,132 |
| JNJJohnson & Johnson | $677.3K | 0.4% | 2,645 |
| BANK OF NY MELLON CORP | $673.9K | 0.4% | 4,634 |
| NTAPNetApp Inc | $649.7K | 0.4% | 2,871 |
| TSLATesla Inc | $605.5K | 0.4% | 1,634 |
| IDXXIDEXX Laboratories Inc | $589.9K | 0.3% | 1,138 |
| AOSA O Smith Corp | $579.9K | 0.3% | 10,218 |
| LOWLowe's Companies Inc | $571.5K | 0.3% | 3,161 |
| IUSViShares Core S&P U.S. Value ETF | $561.1K | 0.3% | 5,054 |
| SPHQInvesco S&P 500 Quality ETF | $560.2K | 0.3% | 6,601 |
| ADSKAutodesk Inc | $543.6K | 0.3% | 2,564 |
| PHYSSprott Physical Gold Trust ETV | $495.5K | 0.3% | 15,875 |
| VTIVanguard Total Stock Market ETF | $486.5K | 0.3% | 1,287 |
| MSFTMicrosoft Corp | $455.6K | 0.3% | 880 |
| PMPhilip Morris International Inc | $436K | 0.3% | 2,326 |
| INVESCO EXCHANGE TRADED FD T | $425.6K | 0.2% | 8,000 |
| INVESCO EXCH TRD SLF IDX FD | $393.7K | 0.2% | 19,700 |
| INVESCO EXCH TRD SLF IDX FD | $390.9K | 0.2% | 16,460 |
| GLDSPDR Gold Shares | $384.3K | 0.2% | 1,011 |
| INVESCO EXCH TRD SLF IDX FD | $378.2K | 0.2% | 16,966 |
| ABBVAbbVie Inc | $369.5K | 0.2% | 1,406 |
| PGProcter & Gamble Co | $354.7K | 0.2% | 2,448 |
| VCSHVanguard Short-Term Corporate Bond ETF | $350.8K | 0.2% | 4,555 |
| GOOGLAlphabet Inc | $338.3K | 0.2% | 985 |
| EMLCVanEck J. P. Morgan EM Local Currency Bond ET | $323.8K | 0.2% | 13,151 |
| CVXChevron Corp | $310.6K | 0.2% | 1,503 |
| VICTORY PORTFOLIOS II | $290.4K | 0.2% | 5,160 |
| PPLPPL Corp | $290.2K | 0.2% | 8,848 |
| TDGTransDigm Group Inc | $271.7K | 0.2% | 249 |
| EFAViShares MSCI EAFE Min Vol Factor ETF | $265.7K | 0.2% | 2,921 |
| BNDVanguard Total Bond Market ETF | $264K | 0.2% | 3,775 |
| INVESCO EXCH TRD SLF IDX FD | $249.1K | 0.1% | 10,691 |
| VWOVanguard FTSE Emerging Markets ETF | $242.1K | 0.1% | 4,064 |
| HSYHershey Co | $236.4K | 0.1% | 1,476 |
| DFATDimensional U.S. Targeted Value ETF | $209.4K | 0.1% | 3,090 |
| NUVEEN AMT FREE QLTY MUN INC | $190.1K | 0.1% | 18,837 |
| NUVEEN AMT FREE MUN CR INC F | $186.2K | 0.1% | 17,388 |
| WABASH NATL CORP | $170.2K | 0.1% | 12,121 |
Quarter ending 2026-09-30.
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