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Given a linear ordinary differential operator T with polynomial coefficients, we study the class of closed subsets of the complex plane such that T sends any polynomial (resp. any polynomial of degree exceeding a given positive integer) with all roots in a given subset to a polynomial with all roots in the same subset or to 0. Below we discuss some general properties of such invariant subsets as well as the problem of existence of the minimal under inclusion invariant subset., Comment: 29 pages, 8 figures

Inspired by the theory of hyperbolic polynomials and Hodge theory, we develop the theory of Lorentzian polynomials on cones. This notion captures the Hodge-Riemann relations of degree zero and one. Motivated by fundamental properties of volume polynomials of Chow rings of simplicial fans, we define a class of multivariate polynomials which we call hereditary polynomials. We give a complete and easily checkable characterization of hereditary Lorentzian polynomials. This characterization is used to give elementary and simple proofs of the Heron-Rota-Welsh conjecture for the characteristic polynomial of a matroid, and the Alexandrov-Fenchel inequalities for convex bodies. We then characterize Chow rings of simplicial fans which satisfy the Hodge-Riemann relations of degree zero and one, and we prove that this property only depends on the support of the fan. Several different characterizations of Lorentzian polynomials on cones are provided.

We give a short proof of the log-concavity of the coefficients of the reduced characteristic polynomial of a matroid. The proof uses an extension of the theory of Lorentzian polynomials to convex cones, and reproves the Hodge-Riemann relations of degree one for the Chow ring of a matroid.