Cavalier Investments, LLC

CIK

1655543

Location

ALPHARETTA, GA

Portfolio Value

Mid $3,191,769,679

Diversification

Highly concentrated

Filing Date

Global Rank

#708 / 8,232 ▲ 498

Top Industry

Banks - Diversified 17.6%

3Y Alpha vs SPY

-2.3%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+66.1%

SPY

+76.3%

Annualised alpha

-2.4%

Max drawdown

−20.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

34 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

48.0%

+7.0 pts

Top 5

87.9%

+3.3 pts

Top 10

94.1%

+1.3 pts

HHI

3,367

Highly concentrated+518

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	86.5%	$2,760,443,506	6
Technology	7.1%	$225,666,018	10
Financial Services	2.5%	$78,620,950	2
Industrials	1.9%	$59,891,647	5
Consumer Cyclical	1.2%	$37,175,000	1
Healthcare	0.5%	$14,579,747	3
Basic Materials	0.3%	$9,992,365	4
Communication Services	0.1%	$4,289,213	2
Energy	0.0%	$1,111,233	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	+1,766,511	2,653,144	$1,531,341,653
SPY	Spdr S&P 500 ETF Trust	+594,420	1,577,679	$1,026,027,760
IBIT	iShares Bitcoin Trust ETF	+578,000	866,190	$33,279,019
RGTI	Rigetti Computing, Inc.	+373,213	400,000	$5,616,000
SLV	iShares Silver Trust	+361,426	373,272	$25,434,754
NVDA	Nvidia Corp	+209,432	423,411	$73,842,878
GLD	Spdr Gold Trust	+204,245	226,125	$97,299,326
JPM	Jpmorgan Chase & Co	+121,601	258,249	$75,966,525
IONQ	IonQ, Inc.	+81,580	300,000	$8,649,000
TSLA	Tesla, Inc.	+53,918	100,000	$37,175,000
NVO	Novo Nordisk A S	+39,951	125,000	$4,593,750
WDC	Western Digital Corp	+34,830	196,810	$53,235,136
HWM	Howmet Aerospace Inc.	+27,157	54,998	$12,674,839
AAPL	Apple Inc.	+8,846	12,245	$3,107,658
MSTR	Strategy Inc	+6,455	51,467	$6,423,081
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
LRCX	Lam Research Corp	−167,581	132,878	$28,390,713
NEM	NEWMONT Corp /DE/	−49,784	14,915	$1,614,548
PLTR	Palantir Technologies Inc.	−21,700	103,310	$15,112,186
T	At&T Inc.	−10,807	121,470	$3,521,415
AROC	Archrock, Inc.	−2,828	31,932	$1,111,233
CBOE	Cboe Global Markets, Inc.	−808	9,444	$2,654,425
IESC	IES Holdings, Inc.	−404	5,560	$2,649,173
META	Meta Platforms, Inc.	−85	1,342	$767,798
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
USO	United States Oil Fund, LP	369,831	$47,060,994
KLAC	Kla Corp	19,704	$29,012,366
RKLB	Rocket Lab Corp	325,000	$20,871,500
RTX	RTX Corp	70,650	$13,628,385
AVAV	AeroVironment Inc	55,000	$10,067,750
BMY	Bristol Myers Squibb Co	150,000	$9,097,500
ALB	Albemarle Corp	18,160	$3,260,264
FCX	Freeport-Mcmoran Inc	48,440	$2,847,303
SMCI	Super Micro Computer, Inc.	100,000	$2,277,000
USAR	USA Rare Earth, Inc.	150,000	$2,270,250
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
GE	General Electric Co	235,674	$72,594,662
RDDT	Reddit, Inc.	101,230	$23,269,740
MSFT	Microsoft Corp	44,160	$21,356,659
VST	Vistra Corp.	83,257	$13,431,851
BSX	Boston Scientific Corp	107,628	$10,262,329
BMI	Badger Meter Inc	6,837	$1,192,441
AMZN	Amazon Com Inc	3,798	$876,654
CEG	Constellation Energy Corp	2,017	$712,545
NRG	Nrg Energy, Inc.	1,767	$281,377
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

34 positions · $3,191,769,679 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	2,653,144	+1,766,511	$1,531,341,653	+181.2%	47.98%
SPY	Spdr S&P 500 ETF Trust	Added	1,577,679	+594,420	$1,026,027,760	+53.0%	32.15%
GLD	Spdr Gold Trust	Added	226,125	+204,245	$97,299,326	+1022.1%	3.05%
JPM	Jpmorgan Chase & Co Financial Services	Added	258,249	+121,601	$75,966,525	+72.5%	2.38%
NVDA	Nvidia Corp Technology	Added	423,411	+209,432	$73,842,878	+85.0%	2.31%
WDC	Western Digital Corp Technology	Added	196,810	+34,830	$53,235,136	+90.8%	1.67%
USO	United States Oil Fund, LP	NEW	369,831	NEW	$47,060,994	NEW	1.47%
TSLA	Tesla, Inc. Consumer Cyclical	Added	100,000	+53,918	$37,175,000	+79.4%	1.16%
IBIT	iShares Bitcoin Trust ETF	Added	866,190	+578,000	$33,279,019	+132.6%	1.04%
KLAC	Kla Corp Technology	NEW	19,704	NEW	$29,012,366	NEW	0.91%
LRCX	Lam Research Corp Technology	Reduced	132,878	-167,581	$28,390,713	−44.8%	0.89%
SLV	iShares Silver Trust	Added	373,272	+361,426	$25,434,754	+3233.0%	0.80%
RKLB	Rocket Lab Corp Industrials	NEW	325,000	NEW	$20,871,500	NEW	0.65%
PLTR	Palantir Technologies Inc. Technology	Reduced	103,310	-21,700	$15,112,186	−32.0%	0.47%
RTX	RTX Corp Industrials	NEW	70,650	NEW	$13,628,385	NEW	0.43%
HWM	Howmet Aerospace Inc. Industrials	Added	54,998	+27,157	$12,674,839	+122.1%	0.40%
AVAV	AeroVironment Inc Industrials	NEW	55,000	NEW	$10,067,750	NEW	0.32%
BMY	Bristol Myers Squibb Co Healthcare	NEW	150,000	NEW	$9,097,500	NEW	0.29%
IONQ	IonQ, Inc. Technology	Added	300,000	+81,580	$8,649,000	−11.7%	0.27%
MSTR	Strategy Inc Technology	Added	51,467	+6,455	$6,423,081	−6.1%	0.20%
RGTI	Rigetti Computing, Inc. Technology	Added	400,000	+373,213	$5,616,000	+846.5%	0.18%
NVO	Novo Nordisk A S Healthcare	Added	125,000	+39,951	$4,593,750	+6.2%	0.14%
T	At&T Inc. Communication Services	Reduced	121,470	-10,807	$3,521,415	+7.2%	0.11%
ALB	Albemarle Corp Basic Materials	NEW	18,160	NEW	$3,260,264	NEW	0.10%
AAPL	Apple Inc. Technology	Added	12,245	+8,846	$3,107,658	+236.3%	0.10%
FCX	Freeport-Mcmoran Inc Basic Materials	NEW	48,440	NEW	$2,847,303	NEW	0.09%
CBOE	Cboe Global Markets, Inc. Financial Services	Reduced	9,444	-808	$2,654,425	+3.2%	0.08%
IESC	IES Holdings, Inc. Industrials	Reduced	5,560	-404	$2,649,173	+14.2%	0.08%
SMCI	Super Micro Computer, Inc. Technology	NEW	100,000	NEW	$2,277,000	NEW	0.07%
USAR	USA Rare Earth, Inc. Basic Materials	NEW	150,000	NEW	$2,270,250	NEW	0.07%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	14,915	-49,784	$1,614,548	−75.0%	0.05%
AROC	Archrock, Inc. Energy	Reduced	31,932	-2,828	$1,111,233	+22.9%	0.03%
LLY	ELI LILLY & Co Healthcare	Held	966	0	$888,497	−14.4%	0.03%
META	Meta Platforms, Inc. Communication Services	Reduced	1,342	-85	$767,798	−18.5%	0.02%