Cavalier Investments, LLC
CIK 0001655543
Annualised vol
2.303133%
Beta
0.097718
HHI
1281.237933
Top-10 weight
81.660134%
VaR 95%
0.2288%
VaR 99%
0.385638%
Max drawdown
3.53121%
Matched value
6.334781%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVDA | REDUCED | 344,641 | 423,411 | -18.6% | 68,959,218 |
| TSLA | REDUCED | 60,000 | 100,000 | -40.0% | 25,236,000 |
| HWM | ADDED | 83,451 | 54,998 | 51.73% | 22,436,636 |
| WDC | REDUCED | 31,800 | 196,810 | -83.84% | 20,311,296 |
| IBIT | REDUCED | 234,232 | 850,000 | -72.44% | 7,797,583 |
| RTX | REDUCED | 30,000 | 70,650 | -57.54% | 5,691,900 |
| MSTR | ADDED | 64,797 | 25,300 | 156.11% | 5,632,803 |
| AMUB | NEW | 46,000 | - | - | 1,992,734 |
| USAR | REDUCED | 50,000 | 150,000 | -66.67% | 1,079,000 |
| RGTI | REDUCED | 50,000 | 400,000 | -87.5% | 966,000 |
| RKLB | REDUCED | 1,988 | 325,000 | -99.39% | 202,080 |
| IONQ | CLOSED OUT | 0 | 300,000 | -100.0% | 0 |
| JPM | CLOSED OUT | 0 | 258,249 | -100.0% | 0 |
| BMY | CLOSED OUT | 0 | 150,000 | -100.0% | 0 |
| SPY | CLOSED OUT | 0 | 147,679 | -100.0% | 0 |
| LRCX | CLOSED OUT | 0 | 132,878 | -100.0% | 0 |
| NVO | CLOSED OUT | 0 | 125,000 | -100.0% | 0 |
| USO | CLOSED OUT | 0 | 121,831 | -100.0% | 0 |
| PLTR | CLOSED OUT | 0 | 103,310 | -100.0% | 0 |
| SMCI | CLOSED OUT | 0 | 100,000 | -100.0% | 0 |
| SLV | CLOSED OUT | 0 | 78,272 | -100.0% | 0 |
| AVAV | CLOSED OUT | 0 | 55,000 | -100.0% | 0 |
| FCX | CLOSED OUT | 0 | 48,440 | -100.0% | 0 |
| GLD | CLOSED OUT | 0 | 25,125 | -100.0% | 0 |
| KLAC | CLOSED OUT | 0 | 19,704 | -100.0% | 0 |
| ALB | CLOSED OUT | 0 | 18,160 | -100.0% | 0 |
| NEM | CLOSED OUT | 0 | 14,915 | -100.0% | 0 |
| AAPL | CLOSED OUT | 0 | 12,245 | -100.0% | 0 |
| CBOE | CLOSED OUT | 0 | 9,444 | -100.0% | 0 |
| LLY | CLOSED OUT | 0 | 966 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 567,545,200 | 23.57 | 760000.0 | |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 446,111,120 | 18.53 | 605800.0 | |
| - | VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 373,857,300 | 15.53 | 570000.0 | |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 229,977,720 | 9.55 | 312300.0 | |
| - | VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 93,464,325 | 3.88 | 142500.0 | |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 74,901,031 | 3.11 | 100300.0 | |
| - | SELECT SECTOR SPDR TR | ST STR TECHN ETF | 81369Y803 | 61,919,000 | 2.57 | 325000.0 | |
| - | SELECT SECTOR SPDR TR | ST STR TECHN ETF | 81369Y803 | 44,043,652 | 1.83 | 231176.0 | |
| - | SELECT SECTOR SPDR TR | ST STR TECHN ETF | 81369Y803 | 38,104,000 | 1.58 | 200000.0 | |
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 36,016,200 | 1.5 | 180000.0 |
| - | SELECT SECTOR SPDR TR | ST STR INDL ETF | 81369Y704 | 27,784,500 | 1.15 | 150000.0 | |
| TSLA | REDUCED | TESLA INC | COM | 88160R101 | 25,236,000 | 1.05 | 60000.0 |
| WDC | REDUCED | WESTERN DIGITAL CORP | COM | 958102105 | 20,311,296 | 0.84 | 31800.0 |
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 18,516,529 | 0.77 | 92541.0 |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 18,174,888 | 0.75 | 24338.0 | |
| - | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 17,702,920 | 0.74 | 296581.0 | |
| - | SELECT SECTOR SPDR TR | ST STR STAPL ETF | 81369Y308 | 17,444,700 | 0.72 | 210000.0 | |
| - | SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | 17,128,458 | 0.71 | 107957.0 | |
| - | SELECT SECTOR SPDR TR | ST STR MATER ETF | 81369Y100 | 15,249,000 | 0.63 | 300000.0 | |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 15,044,652 | 0.62 | 20430.0 | |
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 14,426,489 | 0.6 | 72100.0 |
| - | ISHARES TR | 20 YR TR BD ETF | 464287432 | 14,385,214 | 0.6 | 166457.0 | |
| HWM | ADDED | HOWMET AEROSPACE INC | COM | 443201108 | 13,443,000 | 0.56 | 50000.0 |
| - | ISHARES INC | MSCI STH KOR ETF | 464286772 | 12,114,000 | 0.5 | 60000.0 | |
| - | ISHARES TR | GLB INFRASTR ETF | 464288372 | 11,186,869 | 0.46 | 167971.0 | |
| - | SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 10,622,000 | 0.44 | 200000.0 | |
| - | VANGUARD INDEX FDS | VALUE ETF | 922908744 | 10,277,579 | 0.43 | 47160.0 | |
| - | ISHARES TR | MSCI USA MMENTM | 46432F396 | 10,169,023 | 0.42 | 29662.0 | |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 9,209,500 | 0.38 | 25000.0 | |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 9,209,500 | 0.38 | 25000.0 | |
| HWM | ADDED | HOWMET AEROSPACE INC | COM | 443201108 | 8,993,636 | 0.37 | 33451.0 |
| - | SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | 7,933,000 | 0.33 | 50000.0 | |
| - | SELECT SECTOR SPDR TR | ST STR INDL ETF | 81369Y704 | 7,870,237 | 0.33 | 42489.0 | |
| - | ISHARES TR | EAFE VALUE ETF | 464288877 | 7,688,759 | 0.32 | 100441.0 | |
| - | FIRST TR EXCHANGE-TRADED FD | FT VEST GOLD | 33733E856 | 6,816,174 | 0.28 | 323655.0 | |
| - | ISHARES TR | ISHARES SEMICDTR | 464287523 | 6,594,702 | 0.27 | 10292.0 | |
| - | ISHARES TR | ISHARES SEMICDTR | 464287523 | 6,535,752 | 0.27 | 10200.0 | |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 6,440,019 | 0.27 | 17482.0 | |
| - | VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 5,714,726 | 0.24 | 64544.0 | |
| RTX | REDUCED | RTX CORPORATION | COM | 75513E101 | 5,691,900 | 0.24 | 30000.0 |
| - | VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 5,423,223 | 0.23 | 56240.0 | |
| - | SELECT SECTOR SPDR TR | ST STR MATER ETF | 81369Y100 | 5,319,055 | 0.22 | 104644.0 | |
| - | ISHARES INC | MSCI STH KOR ETF | 464286772 | 5,047,500 | 0.21 | 25000.0 | |
| - | ISHARES TR | MSCI USA VALUE | 46432F388 | 4,944,898 | 0.21 | 24748.0 | |
| - | SPDR SERIES TRUST | ST STR SP AERO | 78464A631 | 3,917,437 | 0.16 | 13804.0 | |
| IBIT | REDUCED | ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 3,902,653 | 0.16 | 117232.0 |
| IBIT | REDUCED | ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 3,894,930 | 0.16 | 117000.0 |
| - | VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | 2,859,630 | 0.12 | 37901.0 | |
| MSTR | ADDED | STRATEGY INC | CL A NEW | 594972408 | 2,842,350 | 0.12 | 32697.0 |
| MSTR | ADDED | STRATEGY INC | CL A NEW | 594972408 | 2,790,453 | 0.12 | 32100.0 |
| - | UNITED STS OIL FD LP | UNITS | 91232N207 | 2,682,288 | 0.11 | 25200.0 | |
| - | SELECT SECTOR SPDR TR | ST STR STAPL ETF | 81369Y308 | 2,255,351 | 0.09 | 27150.0 | |
| - | GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | 2,185,000 | 0.09 | 50000.0 | |
| AMUB | NEW | UBS AG | ETRA CRU OIL SHS | 22539U602 | 1,992,734 | 0.08 | 46000.0 |
| - | ISHARES TR | EXPANDED TECH | 464287515 | 1,819,701 | 0.08 | 20085.0 | |
| - | SPDR SERIES TRUST | ST STR P400MID | 78464A847 | 1,775,747 | 0.07 | 26284.0 | |
| - | SELECT SECTOR SPDR TR | ST STR FINL ETF | 81369Y605 | 1,350,704 | 0.06 | 25195.0 | |
| - | SELECT SECTOR SPDR TR | ST STR UTIL ETF | 81369Y886 | 1,121,122 | 0.05 | 24727.0 | |
| USAR | REDUCED | USA RARE EARTH INC | COM | 91733P107 | 1,079,000 | 0.04 | 50000.0 |
| RGTI | REDUCED | RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 | 966,000 | 0.04 | 50000.0 |
| - | TIDAL TRUST II | YIELDMAX GOOGL | 88634T790 | 822,727 | 0.03 | 61999.0 | |
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 642,663 | 0.03 | 2139.0 | |
| - | TIDAL TRUST II | YIELDMAX AAPL | 88634T857 | 638,340 | 0.03 | 55172.0 | |
| - | ISHARES SILVER TR | ISHARES | 46428Q109 | 633,406 | 0.03 | 11846.0 | |
| - | VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 605,386 | 0.03 | 923.0 | |
| - | TIDAL TRUST II | YIELDMAX NVDA | 88634T774 | 546,974 | 0.02 | 43969.0 | |
| - | TIDAL TRUST II | YIELD AMZN ETF | 88634T840 | 503,551 | 0.02 | 47149.0 | |
| - | TIDAL TRUST II | YIELD MSFT ETF | 88634T428 | 445,854 | 0.02 | 42584.0 | |
| - | TIDAL TRUST II | YIELDMAX META | 88634T816 | 400,180 | 0.02 | 44638.0 | |
| RKLB | REDUCED | ROCKET LAB CORP | COM | 773121108 | 202,080 | 0.01 | 1988.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 2,407,465,507 | 70 | 2.303133 | 0.097718 | 3.53121 |
| 2026-03-31 | 2026-05-15 | 3,699,300,943 | 112 | 3.61151 | 0.162524 | 5.854759 |
| 2025-12-31 | 2026-02-13 | 1,946,083,975 | 87 | 4.356288 | 0.191302 | 7.170127 |
| 2025-09-30 | 2025-11-14 | 1,219,412,013 | 107 | 10.094049 | 0.421638 | 19.691929 |
| 2025-03-31 | 2025-04-24 | 294,334,514 | 75 | 10.183337 | 0.468816 | 19.209619 |
| 2024-12-31 | 2025-02-04 | 299,293,251 | 74 | 7.514574 | 0.349621 | 12.898939 |