Invariant Investment Management reported 36 positions worth $26.56M for the quarter ended Sep 30, 2026, up 0.9% on the prior quarter. It opened 4 new positions, added to 21, trimmed 7 and exited 4. Its largest holding is Apple Inc. at 5.6% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| AZO Autozone Inc | +278 | – | $776.18K | 2.92% |
| IDXX Idexx Laboratories Inc | +1,138 | – | $589.93K | 2.22% |
| AOS Smith A O Corp | +10.2K | – | $579.87K | 2.18% |
| ADSK Autodesk, Inc. | +2,564 | – | $543.57K | 2.05% |
| MO Altria Group, Inc. | +2,922 | +15.4% | $196.80K | 5.55% |
| ADBE Adobe Inc. | +667 | +13.5% | $158.54K | 5.01% |
| DPZ Dominos Pizza Inc | +453 | +15.1% | $134.82K | 3.88% |
| GOOGL Alphabet Inc. | +328 | +49.9% | $112.66K | 1.27% |
| ORLY O Reilly Automotive Inc | +1,226 | +12.0% | $104.09K | 3.66% |
| LULU lululemon athletica inc. | +1,045 | +16.2% | $98.71K | 2.66% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| GWW W.W. Grainger, Inc. | -834 | -100.0% | $1.14M | Exited |
| EOG Eog Resources Inc | -6,832 | -100.0% | $884.02K | Exited |
| LII Lennox International Inc | -1,184 | -100.0% | $672.55K | Exited |
| NTAP NetApp, Inc. | -2,284 | -44.3% | $516.85K | 2.45% |
| CZR Caesars Entertainment, Inc. | -13.7K | -100.0% | $412.50K | Exited |
| MSFT Microsoft Corp | -99 | -10.1% | $51.25K | 1.72% |
| JNJ Johnson & Johnson | -35 | -1.3% | $8.96K | 2.55% |
| AAPL Apple Inc. | -25 | -0.6% | $8.34K | 5.61% |
| CVX Chevron Corp | -23 | -1.5% | $4.75K | 1.17% |
| CAH Cardinal Health Inc | -15 | -0.3% | $3.42K | 4.67% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | AAPL Apple Inc. | Technology | 4,469 | $1.49M | 5.61% | -25 | -0.6% | Reduced | 0% |
| 2 | MO Altria Group, Inc. | Consumer Staples | 21.9K | $1.47M | 5.55% | +2,922 | +15.4% | Added | 0% |
| 3 | ADBE Adobe Inc. | Technology | 5,601 | $1.33M | 5.01% | +667 | +13.5% | Added | 0% |
| 4 | V Visa Inc. | Financial Services | 3,689 | $1.33M | 5.01% | +20 | +0.5% | Added | 0% |
| 5 | NVDA Nvidia Corp | Technology | 5,541 | $1.30M | 4.88% | +6 | +0.1% | Added | 0% |
| 6 | CAH Cardinal Health Inc | Healthcare | 5,431 | $1.24M | 4.67% | -15 | -0.3% | Reduced | 0% |
| 7 | MCK Mckesson Corp | Healthcare | 1,348 | $1.22M | 4.58% | +3 | +0.2% | Added | 0% |
| 8 | MA Mastercard Inc | Financial Services | 2,042 | $1.13M | 4.24% | +9 | +0.4% | Added | 0% |
| 9 | DPZ Dominos Pizza Inc | Consumer Discretionary | 3,461 | $1.03M | 3.88% | +453 | +15.1% | Added | 0.01% |
| 10 | ULTA Ulta Beauty, Inc. | Consumer Discretionary | 1,827 | $993.19K | 3.74% | +37 | +2.1% | Added | 0% |
| 11 | ORLY O Reilly Automotive Inc | Consumer Discretionary | 11.4K | $971.45K | 3.66% | +1,226 | +12.0% | Added | 0% |
| 12 | EQT EQT Corp | Energy | 18.8K | $943.97K | 3.55% | +381 | +2.1% | Added | 0% |
| 13 | CL Colgate Palmolive Co | Consumer Staples | 11.0K | $930.86K | 3.5% | +73 | +0.7% | Added | 0% |
| 14 | AZO Autozone Inc | Consumer Discretionary | 278 | $776.18K | 2.92% | +278 | – | New | 0% |
| 15 | LULU lululemon athletica inc. | Consumer Discretionary | 7,477 | $706.28K | 2.66% | +1,045 | +16.2% | Added | 0.01% |
Tip. Select a row to see that position’s full history at Invariant Investment Management.
As of its Q3 2026 13F filing, Invariant Investment Management’s five largest positions were Apple Inc. (AAPL) at 5.6%, Altria Group, Inc. (MO) at 5.6%, Adobe Inc. (ADBE) at 5.0%, Visa Inc. (V) at 5.0%, Nvidia Corp (NVDA) at 4.9% of the reported portfolio.
Invariant Investment Management reported a 13F portfolio worth $26.56M across 36 positions for Q3 2026. That is up 0.9% from the previous quarter.
Its largest purchases by value were Autozone Inc ($776.18K), Idexx Laboratories Inc ($589.93K), Smith A O Corp ($579.87K). It opened 4 new positions.
Its largest sales by value were W.W. Grainger, Inc. ($1.14M), Eog Resources Inc ($884.02K), Lennox International Inc ($672.55K). It exited 4 positions entirely.
From the Form 13F-HR reports Invariant Investment Management files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.