13F HOLDINGS REPORT
Invariant Investment Management
Quarter ended Q4 2025 · Filed January 26, 2026 · Accession 0001754960-26-000110
Total Value
$156.2M
Positions
71
Other Managers
0
Confidential Omitted
No
Holdings (71)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | INVESCO EXCHANGE TRADED FD T | IVZ | 115,322 | $22.8M | 14.59% |
| 2 | ISHARES TR | 464287440 | 212,984 | $20.5M | 13.13% |
| 3 | AMERICAN CENTY ETF TR | 025072802 | 178,189 | $17.3M | 11.08% |
| 4 | AMERICAN CENTY ETF TR | 025072877 | 150,480 | $16.2M | 10.34% |
| 5 | AMERICAN CENTY ETF TR | 025072604 | 118,209 | $9.5M | 6.05% |
| 6 | ISHARES TR | 464287457 | 107,290 | $8.9M | 5.69% |
| 7 | ISHARES TR | 46436E718 | 76,942 | $7.7M | 4.95% |
| 8 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 98,294 | $5.0M | 3.19% |
| 9 | VANGUARD INDEX FDS | 922908363 | 7,793 | $5.0M | 3.18% |
| 10 | J P MORGAN EXCHANGE TRADED F | 46641Q654 | 59,569 | $3.0M | 1.95% |
| 11 | INVESCO EXCH TRD SLF IDX FD | IVZ | 112,513 | $2.7M | 1.70% |
| 12 | AMERICAN CENTY ETF TR | 025072885 | 21,886 | $2.5M | 1.61% |
| 13 | ISHARES TR | 464288588 | 18,104 | $1.7M | 1.11% |
| 14 | APPLE INC | AAPL | 4,719 | $1.2M | 0.78% |
| 15 | ULTA BEAUTY INC | ULTA | 1,788 | $1.2M | 0.76% |
| 16 | CARDINAL HEALTH INC | CAH | 5,546 | $1.1M | 0.71% |
| 17 | MCKESSON CORP | MCK | 1,358 | $1.1M | 0.71% |
| 18 | NVIDIA CORPORATION | NVDA | 5,886 | $1.1M | 0.70% |
| 19 | ALTRIA GROUP INC | MO | 18,817 | $1.1M | 0.69% |
| 20 | VISA INC | V | 2,771 | $969,178 | 0.62% |
| 21 | KLA CORP | KLAC | 674 | $942,997 | 0.60% |
| 22 | OREILLY AUTOMOTIVE INC | 67103H107 | 10,010 | $938,961 | 0.60% |
| 23 | LOWES COS INC | 548661107 | 3,484 | $930,896 | 0.60% |
| 24 | EQT CORP | EQT | 18,049 | $922,115 | 0.59% |
| 25 | MASTERCARD INCORPORATED | MA | 1,566 | $901,308 | 0.58% |
| 26 | WW GRAINGER INC | 384802104 | 874 | $899,548 | 0.58% |
| 27 | ADOBE INC | ADBE | 2,693 | $899,327 | 0.58% |
| 28 | TESLA INC | TSLA | 1,958 | $871,330 | 0.56% |
| 29 | SPDR SERIES TRUST | 78468R663 | 8,896 | $813,735 | 0.52% |
| 30 | NETAPP INC | NTAP | 7,513 | $791,768 | 0.51% |
| 31 | COLGATE PALMOLIVE CO | CL | 9,067 | $738,779 | 0.47% |
| 32 | DOMINOS PIZZA INC | DPZ | 1,792 | $726,121 | 0.46% |
| 33 | EOG RES INC | EOG | 6,881 | $721,940 | 0.46% |
| 34 | LULULEMON ATHLETICA INC | LULU | 3,278 | $668,384 | 0.43% |
| 35 | APOLLO GLOBAL MGMT INC | 03769M106 | 4,548 | $663,156 | 0.42% |
| 36 | LENNOX INTL INC | 526107107 | 1,239 | $656,931 | 0.42% |
| 37 | ISHARES TR | 464287226 | 6,049 | $605,826 | 0.39% |
| 38 | JOHNSON & JOHNSON | JNJ | 2,867 | $585,962 | 0.38% |
| 39 | SPROTT ASSET MANAGEMENT LP | SII | 15,875 | $546,259 | 0.35% |
| 40 | BANK NEW YORK MELLON CORP | 064058100 | 4,577 | $544,895 | 0.35% |
| 41 | INVESCO EXCHANGE TRADED FD T | IVZ | 6,597 | $510,289 | 0.33% |
| 42 | ISHARES TR | 464287663 | 4,298 | $452,295 | 0.29% |
| 43 | VANGUARD INDEX FDS | 922908769 | 1,268 | $434,235 | 0.28% |
| 44 | MICROSOFT CORP | MSFT | 884 | $423,484 | 0.27% |
| 45 | SPDR GOLD TR | GLD | 1,011 | $419,029 | 0.27% |
| 46 | VANECK ETF TRUST | 92189H300 | 16,062 | $415,351 | 0.27% |
| 47 | INVESCO EXCH TRD SLF IDX FD | IVZ | 16,060 | $406,104 | 0.26% |
| 48 | GARTNER INC | IT | 1,637 | $406,009 | 0.26% |
| 49 | INVESCO EXCH TRD SLF IDX FD | IVZ | 17,293 | $402,320 | 0.26% |
| 50 | INVESCO EXCHANGE TRADED FD T | IVZ | 8,000 | $386,080 | 0.25% |
| 51 | PHILIP MORRIS INTL INC | 718172109 | 2,333 | $379,363 | 0.24% |
| 52 | VANGUARD SCOTTSDALE FDS | 92206C409 | 4,555 | $363,307 | 0.23% |
| 53 | TRANSDIGM GROUP INC | TDG | 249 | $346,924 | 0.22% |
| 54 | INVESCO EXCH TRD SLF IDX FD | IVZ | 14,587 | $346,300 | 0.22% |
| 55 | INVESCO EXCH TRD SLF IDX FD | IVZ | 14,600 | $345,655 | 0.22% |
| 56 | VANGUARD BD INDEX FDS | 921937835 | 4,591 | $341,057 | 0.22% |
| 57 | AMERICAN CENTY ETF TR | 025072356 | 7,472 | $328,688 | 0.21% |
| 58 | ABBVIE INC | ABBV | 1,484 | $326,686 | 0.21% |
| 59 | VANGUARD SCOTTSDALE FDS | 92206C102 | 5,478 | $321,805 | 0.21% |
| 60 | PPL CORP | PPLC | 8,691 | $300,630 | 0.19% |
| 61 | HERSHEY CO | HSY | 1,497 | $282,979 | 0.18% |
| 62 | VICTORY PORTFOLIOS II | 92647N667 | 5,160 | $280,297 | 0.18% |
| 63 | CHEVRON CORP NEW | CVX | 1,644 | $266,544 | 0.17% |
| 64 | PROCTER AND GAMBLE CO | 742718109 | 1,774 | $251,658 | 0.16% |
| 65 | APPLIED MATLS INC | 038222105 | 826 | $248,853 | 0.16% |
| 66 | SELECT SECTOR SPDR TR | 81369Y506 | 5,328 | $248,642 | 0.16% |
| 67 | BLACKSTONE INC | BX | 1,492 | $235,227 | 0.15% |
| 68 | ALPHABET INC | GOOG | 702 | $230,525 | 0.15% |
| 69 | ISHARES SILVER TR | SLV | 3,162 | $228,866 | 0.15% |
| 70 | VANGUARD INTL EQUITY INDEX F | 922042858 | 4,064 | $225,273 | 0.14% |
| 71 | ISHARES TR | 464288661 | 1,694 | $202,124 | 0.13% |