Invenomic Capital Management LP

Other Low signal CIK 1769456
League rank
#1453
in Other · #5787 overall
Long book
$2.17B
Q1 2026
Positions
148
Top-10 weight
25%
concentration
Last quarter
+9.2%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Invenomic Capital Management LP is an institutional manager, running a $2.17B US long book across 148 positions.

The portfolio is moderately concentrated (top 10 ≈ 25% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CHORD ENERGY CORP, WORKDAY INC-CLASS A, GLOBAL PAYMENTS INC, PVH CORP, TELEFLEX INC.

Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-7.5%
Q2 2024
+10.0%
Q3 2024
+0.4%
Q4 2024
-6.0%
Q1 2025
+4.5%
Q2 2025
+13.0%
Q3 2025
+0.8%
Q4 2025
-0.2%
Q1 2026
+9.2%

Sector allocation

Technology
26%
Services media
19%
Healthcare
19%
Other
8%
Industrials
6%
Consumer discretionary
6%
Energy
5%
Consumer staples
5%

Long book by quarter

$1.88B
Q1 2024
$1.92B
Q2 2024
$1.81B
Q3 2024
$1.78B
Q4 2024
$1.97B
Q1 2025
$1.76B
Q2 2025
$1.91B
Q3 2025
$2.07B
Q4 2025
$2.17B
Q1 2026

What does Invenomic Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CHRD CHORD ENERGY CORPEnergy515.1K$73.2M3.4%+160.5%
WDAY WORKDAY INC-CLASS ATechnology560.0K$72.7M3.4%New
GPN GLOBAL PAYMENTS INCServices media914.5K$61.5M2.8%+14.7%
PVH PVH CORPOther763.3K$53.2M2.5%+16.9%
TFX TELEFLEX INCHealthcare436.1K$52.2M2.4%+25.8%
XRAY DENTSPLY SIRONA INCHealthcare4.4M$50.9M2.4%-14.5%
EGO ELDORADO GOLD CORPMaterials1.4M$49.2M2.3%-4.2%
FIS FIDELITY NATIONAL INFO SERVServices media1.0M$48.5M2.2%+300.3%
AKAM AKAMAI TECHNOLOGIES INCServices media405.6K$46.6M2.2%-39.6%
VTRS VIATRIS INCHealthcare3.2M$43.6M2.0%-42.3%
CRM SALESFORCE INCTechnology223.5K$41.7M1.9%+400.0%
BILL BILL HOLDINGS INCTechnology1.0M$39.6M1.8%+45.8%
LYFT LYFT INC-AServices media2.9M$38.9M1.8%+179.5%
WIX WIX.COM LTDTechnology424.5K$38.2M1.8%+421.3%
HAE HAEMONETICS CORP/MASSHealthcare664.7K$37.5M1.7%New
FISV FISERV INCServices media625.0K$34.9M1.6%+117.6%
CLVT CLARIVATE PLCTechnology13.3M$33.7M1.6%+47.4%
OMC OMNICOM GROUPServices media447.1K$33.7M1.6%-1.9%
ST SENSATA TECHNOLOGIES HOLDINGTechnology950.3K$33.5M1.5%-21.9%
UHS UNIVERSAL HEALTH SERVICES-BHealthcare185.1K$33.1M1.5%New
CNMD CONMED CORPHealthcare934.6K$33.0M1.5%+26.7%
INGM INGRAM MICRO HOLDING CORPConsumer discretionary1.4M$32.1M1.5%+26.4%
RNG RINGCENTRAL INC-CLASS ATechnology812.3K$30.2M1.4%-47.2%
IOVA IOVANCE BIOTHERAPEUTICS INCHealthcare8.5M$29.8M1.4%-29.0%
INGR INGREDION INCConsumer staples260.7K$29.4M1.4%+72.2%
ACHC ACADIA HEALTHCARE CO INCHealthcare1.2M$27.7M1.3%-64.3%
RAMP LIVERAMP HOLDINGS INCTechnology1.0M$26.8M1.2%+66.4%
SOLV SOLVENTUM CORPHealthcare401.2K$26.2M1.2%New
FUN SIX FLAGS ENTERTAINMENT CORPServices media1.4M$25.3M1.2%-0.7%
DOLE DOLE PLCConsumer staples1.8M$25.2M1.2%+10.2%
SNAP SNAP INC - ATechnology5.3M$24.2M1.1%+528.8%
SON SONOCO PRODUCTS COOther439.7K$23.8M1.1%-49.5%
PENN PENN ENTERTAINMENT INCServices media1.5M$23.2M1.1%+0.6%
TNC TENNANT COIndustrials349.4K$23.2M1.1%+5.5%
ABM ABM INDUSTRIES INCServices media559.2K$21.5M1.0%-11.2%
LEG LEGGETT & PLATT INCOther2.2M$21.3M1.0%-11.4%
UPWK UPWORK INCTechnology1.9M$21.0M1.0%+160.4%
COUR COURSERA INCTechnology3.6M$20.7M1.0%+291.8%
ENOV ENOVIS CORPHealthcare903.5K$20.6M0.9%+19.4%
KRNT KORNIT DIGITAL LTDIndustrials1.3M$19.6M0.9%-4.2%
COP CONOCOPHILLIPSEnergy146.2K$19.3M0.9%-5.2%
OC OWENS CORNINGIndustrials175.9K$19.0M0.9%+7.4%
M MACY'S INCConsumer discretionary1.1M$19.0M0.9%+60.8%
NOMD NOMAD FOODS LTDConsumer staples2.0M$18.8M0.9%+16.8%
RRX REGAL REXNORD CORPIndustrials97.1K$18.2M0.8%+193.6%
PATH UIPATH INC - CLASS ATechnology1.6M$18.2M0.8%+146.7%
MATV MATIV HOLDINGS INCOther1.9M$16.8M0.8%+12.5%
LZ LEGALZOOMCOM INCTechnology2.9M$16.6M0.8%+84.3%
SSYS STRATASYS LTDTechnology2.0M$15.9M0.7%-4.2%
VSTS VESTIS CORPConsumer discretionary2.0M$15.8M0.7%+16.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026150$2.18B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026147$2.15B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025143$2.07B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025148$1.76B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025172$1.98B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025159$2.10B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024142$1.82B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024158$2.05B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024145$1.88B canonicalSEC ↗