FCHI8,141.92-0.19%
GDAXI24,083.53-0.19%
DJI49,189.00-0.08%
XLE57.060.33%
STOXX50E5,860.32-0.39%
XLF51.780.70%
FTSE10,321.09-0.56%
IXIC24,859.940.09%
RUT2,786.92-0.00%
GSPC7,172.940.11%
Temp30.1°C
UV12.4
Feels35.1°C
Humidity62%
Wind13 km/h
Air QualityAQI 1
Cloud Cover25%
Rain0%
Sunrise06:00 AM
Sunset06:47 PM
Time1:39 PM

Institutional Manager · CIK 0001850871

Invariant Investment Management

CAMP HILL, PA · File #028-25970

Latest AUM
$156.2M
Positions
71
Top-10 Concentration
77.1%
Filings
1

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

ActionIssuerTicker / CUSIPΔ SharesFlow ($)Price Effect
NEWINVESCO EXCHANGE TRADED FD TIVZ+115,322+$22.8M$0
NEWISHARES TR464287440+212,984+$20.5M$0
NEWAMERICAN CENTY ETF TR025072802+178,189+$17.3M$0
NEWAMERICAN CENTY ETF TR025072877+150,480+$16.2M$0
NEWAMERICAN CENTY ETF TR025072604+118,209+$9.5M$0
NEWISHARES TR464287457+107,290+$8.9M$0
NEWISHARES TR46436E718+76,942+$7.7M$0
NEWJ P MORGAN EXCHANGE TRADED F46641Q837+98,294+$5.0M$0
NEWVANGUARD INDEX FDS922908363+7,793+$5.0M$0
NEWJ P MORGAN EXCHANGE TRADED F46641Q654+59,569+$3.0M$0

Sector Allocation

Financials
19.5%$30.5M
Technology
3.7%$5.8M
Healthcare
2.0%$3.1M
Energy
1.2%$1.9M
Industrials
0.2%$346,924

Filing History

Top 20 Holdings — Dec 2025

#IssuerTickerSharesValue% of Portfolio
1INVESCO EXCHANGE TRADED FD TIVZ115,322$22.8M15.18%
2ISHARES TR464287440212,984$20.5M13.66%
3AMERICAN CENTY ETF TR025072802178,189$17.3M11.53%
4AMERICAN CENTY ETF TR025072877150,480$16.2M10.76%
5AMERICAN CENTY ETF TR025072604118,209$9.5M6.30%
6ISHARES TR464287457107,290$8.9M5.92%
7ISHARES TR46436E71876,942$7.7M5.15%
8J P MORGAN EXCHANGE TRADED F46641Q83798,294$5.0M3.31%
9VANGUARD INDEX FDS9229083637,793$5.0M3.31%
10J P MORGAN EXCHANGE TRADED F46641Q65459,569$3.0M2.02%
11INVESCO EXCH TRD SLF IDX FDIVZ112,513$2.7M1.77%
12AMERICAN CENTY ETF TR02507288521,886$2.5M1.68%
13ISHARES TR46428858818,104$1.7M1.16%
14APPLE INCAAPL4,719$1.2M0.82%
15ULTA BEAUTY INCULTA1,788$1.2M0.79%
16CARDINAL HEALTH INCCAH5,546$1.1M0.74%
17MCKESSON CORPMCK1,358$1.1M0.74%
18NVIDIA CORPORATIONNVDA5,886$1.1M0.72%
19ALTRIA GROUP INCMO18,817$1.1M0.72%
20VISA INCV2,771$969,1780.65%