Cavalier Investments, LLC

CIK

1655543

Location

ALPHARETTA, GA

Portfolio Value

Mid $2,359,315,740

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,445 / 8,816 ▼ 478

Top Industry

Semiconductors 45.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 85.7% of the book (60%+)

Turnover

High turnover

132.6% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.3 quarters, but 6.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 87.7%; sector active share 74.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

49 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

29.3%

−12.4 pts

Top 5

89.3%

+8.6 pts

Top 10

95.6%

+6.1 pts

HHI

2,144

Moderately concentrated−445

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	93.6%	$2,207,450,106	39
Technology	4.1%	$95,869,316	4
Industrials	1.2%	$28,330,615	3
Consumer Cyclical	1.1%	$25,236,000	1
Financial Services	0.1%	$1,350,703	1
Basic Materials	0.0%	$1,079,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
IGF	iShares Global Infrastructure ETF	+148,175	167,971	$11,186,868
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	+103,284	107,957	$17,128,457
IBIT	iShares Bitcoin Trust ETF	+101,042	117,232	$3,902,653
NVDA	Nvidia Corp	+49,130	92,541	$18,516,528
TLT	iShares 20+ Year Treasury Bond ETF	+36,516	166,457	$14,385,213
XLF	State Street Corp	+19,730	25,195	$1,350,703
GOOY	YieldMax(R) Googl Option Income Strategy ETF	+15,833	61,999	$822,726
APLY	YieldMax(R) Aapl Option Income Strategy ETF	+14,049	55,172	$638,340
AMZY	YieldMax(R) Amzn Option Income Strategy ETF	+12,042	47,149	$503,551
FBY	YieldMax(R) Meta Option Income Strategy ETF	+11,373	44,638	$400,179
NVDY	YieldMax(R) Nvda Option Income Strategy ETF	+11,150	43,969	$546,974
MSFO	YieldMax(R) Msft Option Income Strategy ETF	+10,927	42,584	$445,854
GDX	VanEck Gold Miners ETF	+9,589	37,901	$2,859,630
VTV	VANGUARD VALUE INDEX FUND	+6,921	47,160	$10,277,578
MSTR	Strategy Inc	+6,530	32,697	$2,842,350
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	−123,341	24,338	$18,174,888
QQQ	Invesco Qqq Trust, Series 1	−82,714	20,430	$15,044,652
SLV	iShares Silver Trust	−66,426	11,846	$633,405
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−54,919	24,727	$1,121,122
SMH	VanEck Semiconductor ETF	−29,672	923	$605,386
—		−10,988	104,644	$5,319,054
GLD	Spdr Gold Trust	−7,643	17,482	$6,440,019
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	−3,255	26,284	$1,775,747
HWM	Howmet Aerospace Inc.	−1,547	33,451	$8,993,635
IWM	iShares Russell 2000 ETF	−1,246	2,139	$642,662
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	−513	64,544	$5,714,725
SOXX	iShares Semiconductor ETF	−345	10,292	$0
—		−216	27,150	$2,255,350
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	231,176	$44,043,651
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	296,581	$17,702,919
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	42,489	$7,870,237
VNQ	VANGUARD REAL ESTATE INDEX FUND	56,240	$5,423,223
VLUE	iShares MSCI USA Value Factor ETF	24,748	$4,944,897
IGV	iShares Expanded Tech-Software Sector ETF	20,085	$1,819,701
RKLB	Rocket Lab Corp	1,988	$202,080
EFV	iShares MSCI EAFE Value ETF	100,441	$0
MTUM	iShares MSCI USA Momentum Factor ETF	29,662	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
USO	United States Oil Fund, LP	121,831	$15,502,994
KLAC	Kla Corp	9,704	$14,288,266
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	95,558	$10,593,559
LRCX	Lam Research Corp	42,878	$9,161,313
RTX	RTX Corp	40,650	$7,841,385
WDC	Western Digital Corp	22,610	$6,115,778
IAK	iShares U.S. Insurance ETF	45,960	$5,896,208
PJP	Victory Portfolios II	45,960	$4,768,809
EWO	iShares MSCI Austria ETF	125,000	$4,431,250
SVOL	Simplify Volatility Premium ETF	260,455	$3,995,379
—		46,080	$3,719,116
T	At&T Inc.	121,470	$3,521,415
PLTR	Palantir Technologies Inc.	23,310	$3,409,786
ALB	Albemarle Corp	18,160	$3,260,264
AAPL	Apple Inc.	12,245	$3,107,658
CBOE	Cboe Global Markets, Inc.	9,444	$2,654,425
IESC	IES Holdings, Inc.	5,560	$2,649,173
JPM	Jpmorgan Chase & Co	8,249	$2,426,525
ARGT	Global X MSCI Argentina ETF	22,761	$2,124,056
ECH	iShares MSCI Chile ETF	45,960	$1,827,369
EPOL	iShares MSCI Poland ETF	50,044	$1,822,102
NEM	NEWMONT Corp	14,915	$1,614,548
FCX	Freeport-Mcmoran Inc	23,440	$1,377,803
AROC	Archrock, Inc.	31,932	$1,111,233
LLY	ELI LILLY & Co	966	$888,497
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

49 tracked positions · $2,359,315,740 total · filing declares 70 positions · $2,407,465,507 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	Reduced	938,530	-1,714,614	$691,133,492	−54.9%	26+	before history	29.29%
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Reduced	884,638	-693,041	$660,621,119	−35.6%	24	$643.29	28.00%
SMH	VanEck Semiconductor ETF PUT CALL + SHARES	Added	713,423	+187,428	$467,927,011	+132.0%	26+	before history	19.83%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF PUT CALL + SHARES	NEW	756,176	NEW	$144,066,651	NEW	1	$170.86	6.11%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	344,641	-78,770	$68,959,217	−6.6%	3	$196.47	2.92%
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF CALL + SHARES	Added	192,489	+92,489	$35,654,737	+120.5%	1	$173.78	1.51%
TSLA	Tesla, Inc. CALL Consumer Cyclical	Reduced	60,000	-40,000	$25,236,000	−32.1%	—	—	1.07%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF PUT + SHARES	Added	157,957	+78,284	$25,061,457	+114.6%	2	$149.01	1.06%
GLD	Spdr Gold Trust PUT CALL + SHARES	Reduced	67,482	-158,643	$24,859,019	−74.5%	21	$376.00	1.05%
HWM	Howmet Aerospace Inc. PUT + SHARES Industrials	Added	83,451	+28,453	$22,436,635	+77.0%	13	$146.47	0.95%
	CALL + SHARES	Reduced	404,644	-10,988	$20,568,054	−1.0%	2	$50.16	0.87%
WDC	Western Digital Corp CALL Technology	Reduced	31,800	-165,010	$20,311,296	−61.8%	—	—	0.86%
	CALL + SHARES	Reduced	237,150	-216	$19,700,050	+1.2%	2	$84.22	0.83%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	NEW	296,581	NEW	$17,702,919	NEW	1	$58.77	0.75%
TLT	iShares 20+ Year Treasury Bond ETF	Added	166,457	+36,516	$14,385,213	+27.7%	15	unpriced	0.61%
IGF	iShares Global Infrastructure ETF	Added	167,971	+148,175	$11,186,868	+743.4%	2	unpriced	0.47%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF CALL	Reduced	200,000	-300,000	$10,622,000	−65.3%	—	—	0.45%
VTV	VANGUARD VALUE INDEX FUND	Added	47,160	+6,921	$10,277,578	+30.2%	2	unpriced	0.44%
IBIT	iShares Bitcoin Trust ETF PUT + SHARES	Reduced	234,232	-631,958	$7,797,583	−76.6%	4	$43.68	0.33%
IGLD	FT Vest Gold Strategy Target Income ETF	Held	323,655	0	$6,816,174	−17.5%	4	$23.58	0.29%
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	Reduced	64,544	-513	$5,714,725	+6.6%	5	$74.24	0.24%
RTX	RTX Corp CALL Industrials	Reduced	30,000	-40,650	$5,691,900	−58.2%	—	—	0.24%
MSTR	Strategy Inc PUT + SHARES Technology	Added	64,797	+13,330	$5,632,803	−12.3%	4	$251.41	0.24%
VNQ	VANGUARD REAL ESTATE INDEX FUND	NEW	56,240	NEW	$5,423,223	NEW	1	$95.57	0.23%
VLUE	iShares MSCI USA Value Factor ETF	NEW	24,748	NEW	$4,944,897	NEW	1	unpriced	0.21%
XAR	State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF	Held	13,804	0	$3,917,437	+11.7%	16	unpriced	0.17%
GDX	VanEck Gold Miners ETF	Added	37,901	+9,589	$2,859,630	+10.1%	5	$65.22	0.12%
USO	United States Oil Fund, LP CALL	Reduced	25,200	-344,631	$2,682,288	−94.3%	—	—	0.11%
URA	Global X Uranium ETF CALL	Held	50,000	0	$2,185,000	−9.8%	—	—	0.09%
USOI		Held	46,000	0	$1,992,720	−24.8%	3	$48.94	0.08%
IGV	iShares Expanded Tech-Software Sector ETF	NEW	20,085	NEW	$1,819,701	NEW	1	unpriced	0.08%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	26,284	-3,255	$1,775,747	+1.5%	13	$43.69	0.08%
XLF	State Street Corp Financial Services	Added	25,195	+19,730	$1,350,703	+400.6%	24	$50.73	0.06%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Reduced	24,727	-254,919	$1,121,122	−91.3%	2	$44.86	0.05%
USAR	USA Rare Earth, Inc. CALL Basic Materials	Reduced	50,000	-100,000	$1,079,000	−52.5%	—	—	0.05%
RGTI	Rigetti Computing, Inc. CALL Technology	Reduced	50,000	-350,000	$966,000	−82.8%	—	—	0.04%
GOOY	YieldMax(R) Googl Option Income Strategy ETF	Added	61,999	+15,833	$822,726	—	7	unpriced	0.03%
IWM	iShares Russell 2000 ETF	Reduced	2,139	-201,246	$642,662	−98.7%	11	unpriced	0.03%
APLY	YieldMax(R) Aapl Option Income Strategy ETF	Added	55,172	+14,049	$638,340	—	7	unpriced	0.03%
SLV	iShares Silver Trust	Reduced	11,846	-361,426	$633,405	−97.5%	18	$67.84	0.03%
NVDY	YieldMax(R) Nvda Option Income Strategy ETF	Added	43,969	+11,150	$546,974	—	7	unpriced	0.02%
AMZY	YieldMax(R) Amzn Option Income Strategy ETF	Added	47,149	+12,042	$503,551	—	7	unpriced	0.02%
MSFO	YieldMax(R) Msft Option Income Strategy ETF	Added	42,584	+10,927	$445,854	—	7	unpriced	0.02%
FBY	YieldMax(R) Meta Option Income Strategy ETF	Added	44,638	+11,373	$400,179	—	7	unpriced	0.02%
RKLB	Rocket Lab Corp Industrials	Reduced	1,988	-323,012	$202,080	−99.0%	1	$99.63	0.01%
EFV	iShares MSCI EAFE Value ETF	NEW	100,441	NEW	$0	NEW	1	unpriced	0.00%
EWY	iShares Trust	Reduced	85,000	-50,741	$0	—	—	—	0.00%
MTUM	iShares MSCI USA Momentum Factor ETF	NEW	29,662	NEW	$0	NEW	1	unpriced	0.00%
SOXX	iShares Semiconductor ETF	Added	20,492	+9,855	$0	—	2	unpriced	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.