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Portfolio (Quarterly) Guide ↗

Invariant Investment Management

· CIK 0001850871
13F Portfolio $171M AUM 68 positions Filed Jul 8, 2026 EDGAR ↗ ← All Funds
Q2 2026 · All 68 New
Page 3 of 4  ·  68 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 IUSV ISHARES TR 5,032.0 $563K 0.33% NEW $111.90 +2.7%
42 PHYS SPROTT ASSET MANAGEMENT LP Financial Services 15,875.0 $499K 0.29% NEW $31.41 +7.6%
43 VTI VANGUARD INDEX FDS 1,276.0 $474K 0.28% NEW $371.62 +2.1%
44 PRFZ INVESCO EXCHANGE TRADED FD T 8,000.0 $442K 0.26% NEW $55.19 +0.0%
45 PM PHILIP MORRIS INTL INC Consumer Defensive 2,328.0 $430K 0.25% NEW $184.73 +3.9%
46 CZR CAESARS ENTERTAINMENT INC NE Consumer Cyclical 13,686.0 $412K 0.24% NEW $30.14 -1.4%
47 BSMW INVESCO EXCH TRD SLF IDX FD 16,316.0 $411K 0.24% NEW $25.16 -2.2%
48 BSMT INVESCO EXCH TRD SLF IDX FD 16,869.0 $389K 0.23% NEW $23.03 -0.6%
49 GLD SPDR GOLD TR Financial Services 1,011.0 $386K 0.23% NEW $382.13 +7.0%
50 MSFT MICROSOFT CORP Technology 979.0 $379K 0.22% NEW $386.71 +32.8%
51 VCSH VANGUARD SCOTTSDALE FDS 4,555.0 $359K 0.21% NEW $78.85 -0.4%
52 ABBV ABBVIE INC Healthcare 1,396.0 $356K 0.21% NEW $254.79 +0.3%
53 EMLC VANECK ETF TRUST 13,241.0 $339K 0.20% NEW $25.59 -0.1%
54 TDG TRANSDIGM GROUP INC Industrials 249.0 $335K 0.20% NEW $1347.26 -12.0%
55 PPL PPL CORP Utilities 8,810.0 $318K 0.19% NEW $36.11 -5.3%
56 VSDA VICTORY PORTFOLIOS II 5,160.0 $305K 0.18% NEW $59.04 +1.7%
57 PG PROCTER & GAMBLE CO Consumer Defensive 1,878.0 $280K 0.16% NEW $149.29 -3.7%
58 BND VANGUARD BD INDEX FDS 3,767.0 $275K 0.16% NEW $73.13 -1.1%
59 EFAV ISHARES TR 2,976.0 $266K 0.16% NEW $89.27 +5.1%
60 HSY HERSHEY CO Consumer Defensive 1,465.0 $260K 0.15% NEW $177.51 +0.9%
Page 3 of 4  ·  68 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 20.0%
Technology 18.7%
Financial Services 15.5%
Healthcare 13.3%
Consumer Defensive 13.1%
Industrials 9.0%
Energy 8.2%
Utilities 1.2%
Communication Services 0.9%