Invenomic Capital Management LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Invenomic Capital Management LP reported 141 stock positions worth $1.9 billion. Its top holding was Global Payments (GPN) at 3.0% of the portfolio, followed by Dentsply Sirona (XRAY, 2.9%) and Eldorado Gold (EGO, 2.8%). Compared with Q2 2025, it opened 36 new positions, sold out of 43, added to 42 and reduced 61. The biggest buy was a new position in Upwork (UPWK) and the biggest sale an exit from Advance Auto Parts (AAP).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001769456
Portfolio Value
$1.9B (Q3 2025)
SEC Filing
0001214659-25-016624 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.9B Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.8B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.9B $1.9B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $2.2B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 141 stocks · $1.9B
GPN Global Payments Inc. 2.96% 681,094 $56.6M Add +11.1%
XRAY Dentsply Sirona Inc. 2.89% 4,351,199 $55.2M Add +48.7%
EGO Eldorado Gold Corp. 2.84% 1,879,102 $54.3M Reduce -7.5%
VTRS Viatris Inc. 2.80% 5,413,109 $53.6M Add +16.6%
ACHC Acadia Healthcare Co. Inc. 2.51% 1,936,396 $47.9M Add +41.6%
TFX Teleflex Inc. 2.47% 385,672 $47.2M Add +35.6%
RNG Ringcentral Inc. Class A 2.20% 1,482,447 $42.0M Add +3.9%
PVH PVH Corp. 2.16% 493,435 $41.3M Add +19.1%
CNXC Concentrix Corp. 1.98% 822,345 $38.0M Add +19.7%
AKAM Akamai Technologies Inc. 1.98% 499,097 $37.8M Add +16.6%
SON Sonoco Products Co. 1.90% 843,451 $36.3M Add +30.6%
ST Sensata Technologies Holdplc 1.87% 1,172,255 $35.8M Reduce -1.8%
BILL Bill Holdings Inc. 1.77% 639,922 $33.9M Reduce -0.7%
EQX Equinox Gold Corp. 1.75% 2,977,210 $33.4M Reduce -17.7%
CLVT Clarivate PLC 1.74% 8,703,045 $33.3M Reduce -7.3%
LYFT LYFT Inc. Class A 1.63% 1,411,677 $31.1M Reduce -37.1%
PENN Penn Entertainment Inc. 1.58% 1,569,939 $30.2M Add +6.9%
MTB M & T Bank Corp. filed as M & T BK CORP 1.52% 146,967 $29.0M Reduce -7.0%
TNC Tennant Co. 1.40% 329,915 $26.7M Reduce -5.9%
UPWK Upwork Inc. 1.30% 1,334,541 $24.8M New
HAE Haemonetics Corp. 1.27% 498,317 $24.3M Add +1691.5%
SSYS Stratasys Ltd. 1.25% 2,134,033 $23.9M Reduce -20.1%
VZ Verizon Communications Inc. 1.24% 538,964 $23.7M Add +280.1%
FUN Six Flags Entertainment Corp. 1.23% 1,034,288 $23.5M New
ABM Abm Industries Inc. 1.21% 499,838 $23.1M Add +86.6%
IOVA Iovance Biotherapeutics Inc. 1.20% 10,541,608 $22.9M Add +27.1%
DV Doubleverify Holdings Inc. 1.13% 1,808,905 $21.7M New
ENOV Enovis Corp. 1.13% 712,669 $21.6M Add +22.7%
LEG Leggett & Platt Inc. 1.09% 2,344,306 $20.8M Add +44.1%
DOLE Dole PLC 1.08% 1,540,959 $20.7M Add +24.3%
INGM Ingram Micro Holding Corp. 1.04% 929,332 $20.0M Add +58.2%
CNMD Conmed Corp. 1.03% 420,003 $19.8M New
BKH Black Hills Corp. 1.03% 318,356 $19.6M New
CHRD Chord Energy Corp. 1.03% 197,300 $19.6M Reduce -7.7%
MATV Mativ Holdings Inc. 1.00% 1,688,881 $19.1M Reduce -20.3%
CART Maplebear Inc. 0.92% 479,404 $17.6M Reduce -14.9%
AIN Albany Intl Corp. Class A 0.90% 323,995 $17.3M New
ECVT Ecovyst Inc. 0.87% 1,909,686 $16.7M New
OMC Omnicom Group 0.85% 199,906 $16.3M Reduce -7.1%
DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC 0.82% 452,560 $15.7M Reduce -6.8%
ZD Ziff Davis Inc. 0.81% 408,449 $15.6M Add +86.0%
SEE Sealed Air Corp. 0.81% 438,282 $15.5M Add +18.5%
SSTK Shutterstock Inc. 0.80% 736,851 $15.4M Reduce -6.8%
FVRR Fiverr International Ltd. 0.79% 622,431 $15.2M New
UHS Universal Health Services-B 0.78% 73,266 $15.0M Add +174.1%
BPOP Popular Inc. 0.78% 117,817 $15.0M Reduce -35.6%
PATH Uipath Inc. Class A 0.77% 1,098,139 $14.7M New
COP Conocophillips 0.76% 154,135 $14.6M Reduce -6.6%
JACK Jack in the Box Inc. 0.75% 723,147 $14.3M Reduce -16.8%
HELE Helen of Troy Ltd. 0.73% 554,985 $14.0M Add +68.8%
GT Goodyear Tire & Rubber Co. 0.72% 1,838,636 $13.8M New
GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 0.70% 519,707 $13.4M Reduce -4.1%
PYPL PayPal Holdings Inc. 0.70% 198,761 $13.3M Reduce -44.4%
LZ Legalzoomcom Inc. 0.70% 1,281,765 $13.3M Add +43.9%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.69% 2,749,122 $13.2M New
KHC The Kraft Heinz Co. 0.68% 498,384 $13.0M New
JAMF Jamf Holding Corp. filed as JAMF HLDG CORP 0.67% 1,204,461 $12.9M Add +274.8%
RAMP Liveramp Holdings Inc. 0.67% 469,766 $12.7M Add +61.5%
NOMD Nomad Foods Ltd. 0.65% 952,268 $12.5M Add +144.2%
SNAP Snap Inc. Class A 0.64% 1,575,633 $12.1M Reduce -34.8%
M Macy's Inc. 0.61% 652,459 $11.7M Reduce -65.2%
RPD RAPID7 Inc. 0.60% 616,700 $11.6M Reduce -6.2%
STT State Street Corp. 0.60% 98,686 $11.4M Reduce -5.1%
CAL Caleres Inc. 0.59% 871,600 $11.4M Add +19.7%
SBH Sally Beauty Holdings Inc. 0.59% 691,036 $11.3M Reduce -59.0%
VSH Vishay Intertechnology Inc. 0.57% 710,948 $10.9M Reduce -33.7%
IQV Iqvia Holdings Inc. 0.57% 57,248 $10.9M Reduce -55.0%
CRM Salesforce Inc. 0.57% 45,727 $10.8M Add +140.4%
TDOC Teladoc Health Inc. 0.56% 1,372,977 $10.6M Reduce -5.1%
MNRO Monro Inc. 0.50% 534,178 $9.6M Reduce -14.9%
EPC Edgewell Personal Care Co. 0.47% 445,432 $9.1M Add +30.1%
FIS Fidelity National Info Serv 0.47% 135,426 $8.9M Reduce -7.2%
TROX Tronox Holdings PLC 0.46% 2,203,876 $8.9M Add +72.0%
SCL Stepan Co. 0.45% 180,717 $8.6M New
IART Integra Lifesciences Holding 0.44% 592,212 $8.5M Add +7.2%
EVTC Evertec Inc. 0.44% 247,541 $8.4M Add +114.4%
MYE Myers Industries Inc. 0.44% 493,301 $8.4M Reduce -59.6%
BAX Baxter International Inc. 0.44% 366,655 $8.3M New
EMN Eastman Chemical Co. 0.43% 131,690 $8.3M Add +119.9%
WBD Warner Bros Discovery Inc. 0.42% 409,365 $8.0M Reduce -78.8%
QTRX Quanterix Corp. 0.40% 1,393,005 $7.6M Add +21.7%
ASH Ashland Inc. 0.37% 147,482 $7.1M Add +92.9%
AVA Avista Corp. 0.37% 185,510 $7.0M New
EGHT 8X8 Inc. 0.35% 3,160,713 $6.7M Reduce -5.1%
GETY Getty Images Holdings Inc. 0.34% 3,291,027 $6.5M Reduce -5.1%
OVV Ovintiv Inc. 0.34% 161,332 $6.5M Reduce -6.5%
PRAA Pra Group Inc. 0.34% 415,481 $6.4M Add +14.6%
B Barrick Mining Corp. 0.33% 194,931 $6.4M Reduce -29.1%
KRNT Kornit Digital Ltd. 0.33% 470,781 $6.4M New
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 0.33% 1,038,897 $6.2M Reduce -23.6%
ALIT Alight Inc. Class A 0.32% 1,905,093 $6.2M New
ZEUS Olympic Steel Inc. 0.32% 203,312 $6.2M New
FFWM First Foundation Inc. 0.32% 1,106,415 $6.2M Reduce -7.0%
ASIX Advansix Inc. 0.32% 312,371 $6.1M New
VSTS Vestis Corp. 0.30% 1,282,039 $5.8M Add +158.3%
OLN Olin Corp. 0.30% 230,545 $5.8M New
CXW Corecivic Inc. 0.27% 252,230 $5.1M Reduce -19.1%
ALGN Align Technology Inc. 0.26% 40,356 $5.1M Add +25.4%
BTG B2GOLD Corp. 0.26% 990,484 $4.9M Add +34.1%
TCMD Tactile Systems Technology I 0.26% 353,657 $4.9M Reduce -4.9%

Show all 141 holdings

Options reported separately and not counted above: ARKK puts ($103.6M), SPY puts ($50.2M).

Portfolio Sells Q2 2025 → Q3 2025
AAP Advance Auto Parts Inc. Sold out 0.00% −1.66
NGD New Gold Inc. Sold out 0.00% −1.19
VRNT Verint Systems Inc. Reduce -90.6% 0.11% −1.08
WBD Warner Bros Discovery Inc. Reduce -78.8% 0.42% −0.84
FIVE Five Below Sold out 0.00% −0.82
PYPL PayPal Holdings Inc. Reduce -44.4% 0.70% −0.81
IAS Integral Ad Science Holding Sold out 0.00% −0.75
FHI Federated Hermes Inc. Sold out 0.00% −0.74
U Unity Software Inc. Sold out 0.00% −0.67
MTCH Match Group Inc. Sold out 0.00% −0.67
NEM Newmont Corp. Sold out 0.00% −0.64
M Macy's Inc. Reduce -65.2% 0.61% −0.63
MTUS Metallus Inc. Sold out 0.00% −0.61
RRX Regal Rexnord Corp. Sold out 0.00% −0.59
PHIN Phinia Inc. Sold out 0.00% −0.58
IQV Iqvia Holdings Inc. Reduce -55.0% 0.57% −0.57
MYE Myers Industries Inc. Reduce -59.6% 0.44% −0.57
RYN Rayonier Inc. Sold out 0.00% −0.56
SNAP Snap Inc. Class A Reduce -34.8% 0.64% −0.56
CLVT Clarivate PLC Reduce -7.3% 1.74% −0.55
CART Maplebear Inc. Reduce -14.9% 0.92% −0.52
SSYS Stratasys Ltd. Reduce -20.1% 1.25% −0.49
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.46
COUR Coursera Inc. Reduce -77.1% 0.18% −0.46
MPC Marathon Petroleum Corp. Sold out 0.00% −0.46
HSII Heidrick & Struggles Intl Reduce -65.6% 0.23% −0.44
WEX Wex Inc. Sold out 0.00% −0.42
FLYW Flywire Corp.-Voting Sold out 0.00% −0.42
GEHC GE Healthcare Technology Sold out 0.00% −0.41
AVDL Avadel Pharmaceuticals Ltd. Sold out 0.00% −0.40
VSH Vishay Intertechnology Inc. Reduce -33.7% 0.57% −0.40
CXT Crane NXT Co. Sold out 0.00% −0.39
LYFT LYFT Inc. Class A Reduce -37.1% 1.63% −0.38
BPOP Popular Inc. Reduce -35.6% 0.78% −0.36
GNRC Generac Holdings Inc. Reduce -62.7% 0.24% −0.36
BDC Belden Inc. Sold out 0.00% −0.35
VC Visteon Corp. Sold out 0.00% −0.33
MHK Mohawk Industries Inc. Sold out 0.00% −0.33
SBH Sally Beauty Holdings Inc. Reduce -59.0% 0.59% −0.30
LDOS Leidos Holdings Inc. Sold out 0.00% −0.26
RPD RAPID7 Inc. Reduce -6.2% 0.60% −0.26
KWR Quaker Chemical Corporation Sold out 0.00% −0.26
AMG Affiliated Managers Group Sold out 0.00% −0.25
NABL N-Able Inc. Sold out 0.00% −0.23
MD Pediatrix Medical Group Inc. Sold out 0.00% −0.23
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.23
KSS Kohls Corp. Sold out 0.00% −0.23
MTB M & T Bank Corp. Reduce -7.0% 1.52% −0.22
PLOW Douglas Dynamics Inc. Sold out 0.00% −0.21
FIS Fidelity National Info Serv Reduce -7.2% 0.47% −0.21

Portfolio Buys Q2 2025 → Q3 2025
UPWK Upwork Inc. New 1.30% +1.30
FUN Six Flags Entertainment Corp. New 1.23% +1.23
HAE Haemonetics Corp. Add +1691.5% 1.27% +1.15
DV Doubleverify Holdings Inc. New 1.13% +1.13
CNMD Conmed Corp. New 1.03% +1.03
BKH Black Hills Corp. New 1.03% +1.03
AIN Albany Intl Corp. Class A New 0.90% +0.90
VZ Verizon Communications Inc. Add +280.1% 1.24% +0.89
ECVT Ecovyst Inc. New 0.87% +0.87
FVRR Fiverr International Ltd. New 0.79% +0.79
PATH Uipath Inc. Class A New 0.77% +0.77
ACHC Acadia Healthcare Co. Inc. Add +41.6% 2.51% +0.75
GT Goodyear Tire & Rubber Co. New 0.72% +0.72
ACH Accendra Health Inc. New 0.69% +0.69
KHC The Kraft Heinz Co. New 0.68% +0.68
TFX Teleflex Inc. Add +35.6% 2.47% +0.56
PVH PVH Corp. Add +19.1% 2.16% +0.55
UHS Universal Health Services-B Add +174.1% 0.78% +0.51
JAMF Jamf Holding Corp. Add +274.8% 0.67% +0.50
ABM Abm Industries Inc. Add +86.6% 1.21% +0.49
SCL Stepan Co. New 0.45% +0.45
VTRS Viatris Inc. Add +16.6% 2.80% +0.45
BAX Baxter International Inc. New 0.44% +0.44
ZD Ziff Davis Inc. Add +86.0% 0.81% +0.44
IOVA Iovance Biotherapeutics Inc. Add +27.1% 1.20% +0.39
AVA Avista Corp. New 0.37% +0.37
INGM Ingram Micro Holding Corp. Add +58.2% 1.04% +0.35
KRNT Kornit Digital Ltd. New 0.33% +0.33
ALIT Alight Inc. Class A New 0.32% +0.32
ZEUS Olympic Steel Inc. New 0.32% +0.32
ASIX Advansix Inc. New 0.32% +0.32
SON Sonoco Products Co. Add +30.6% 1.90% +0.30
OLN Olin Corp. New 0.30% +0.30
NOMD Nomad Foods Ltd. Add +144.2% 0.65% +0.28
CRM Salesforce Inc. Add +140.4% 0.57% +0.27
LEG Leggett & Platt Inc. Add +44.1% 1.09% +0.26
DOW Dow Inc. New 0.25% +0.25
XRAY Dentsply Sirona Inc. Add +48.7% 2.89% +0.25
LZ Legalzoomcom Inc. Add +43.9% 0.70% +0.25
JHX James Hardie Ind PLC New 0.25% +0.25
MG Mistras Group Inc. New 0.24% +0.24
CENX Century Aluminum Company New 0.24% +0.24
MLR Miller Industries Inc. New 0.23% +0.23
RGNX Regenxbio Inc. New 0.22% +0.22
RYZ Ryerson Holding Corp. New 0.21% +0.21
HELE Helen of Troy Ltd. Add +68.8% 0.73% +0.20
EVTC Evertec Inc. Add +114.4% 0.44% +0.20
HLF Herbalife Ltd. New 0.19% +0.19
KMX Carmax Inc. New 0.18% +0.18
EMN Eastman Chemical Co. Add +119.9% 0.43% +0.18

Options Activity Q2 2025 → Q3 2025
ARKK ARK Innovation ETF put New 1,200,000 $103.6M
SPY SS SPDR S&P 500 ETF Trust-US put New 75,400 $50.2M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 115$1.7BGPN, UHS, WDAY, XRAY, SPSC
Q1 2026 148$2.2BCHRD, WDAY, GPN, PVH, TFX
Q4 2025 144$2.1BVTRS, GPN, XRAY, AKAM, EGO
Q3 2025 141$1.9BGPN, XRAY, EGO, VTRS, ACHC
Q2 2025 148$1.8BGPN, XRAY, VTRS, EGO, RNG
Q1 2025 168$2.0BVTRS, AKAM, GPN, TFX, LYFT
Q4 2024 153$1.8BGPN, XRAY, ES, VTRS, TAP
Q3 2024 141$1.8BGPN, MTB, LYFT, VTRS, ZM
Q2 2024 157$1.9BES, CHRD, GPN, T, VTRS
Q1 2024 145$1.9BCHRD, CLVT, VTRS, SSNC, T