CI
Cavalier Investments, LLC — 13F Filing Insights
Cavalier Investments, LLCCIK: 0001655543
Concentrated strategySector-focusedMomentum follower
Total reported value
$3.7B
Reporting period: 2026-03-31 · Number of holdings: 112
Cavalier Investments, LLC disclosed 112 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.7B and a quarterly turnover rate of 80.1%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 80.08
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 57.82
Cavalier Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.254 — mathematically equivalent to about 4 equally-sized positions, well below its 112 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.22), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 12% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Add QQQ
+199.2% $986.7M
Trim SPY
+60.5% $355.5M
Trim IWM
-34.4% -$25.8M
Add GLD
+933.5% $88.6M
Trim LRCX
-55.8% -$23.0M
Trim PLTR
-17.4% -$7.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 73 holdings (of 112 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 41.40% | +13.41% | +199.24% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 27.74% | -6.71% | +60.45% | |
| 3 | SMH | Vaneck Semiconductor ETF | ETF-Other | 5.45% | -0.23% | +71.48% | |
| 4 | GLD | Spdr Gold Shares | ETF-Commodities | 2.63% | +2.18% | +933.48% | |
| 5 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.05% | -0.21% | +88.99% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.00% | -0.05% | +97.88% | |
| 7 | WDC | Western Digital CORP | Stock-Tech | 1.44% | +0.01% | +21.50% | |
| 8 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.36% | -2.56% | -34.36% | |
| 9 | USO | United States Oil Fund LP | ETF-Other | 1.27% | +1.27% | NEW | |
| 10 | TSLA | Tesla INC | Stock-Consumer Disc | 1.00% | -0.06% | +117.00% | |
| 11 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.90% | +0.16% | +200.56% | |
| 12 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.89% | -0.47% | +31.07% | |
| 13 | XLE | Ss Energy Select Sector | ETF-Other | 0.83% | +0.83% | NEW | |
| 14 | KLAC | Kla CORP | Stock-Tech | 0.78% | +0.78% | NEW | |
| 15 | LRCX | Lam Research CORP | Stock-Tech | 0.77% | -1.87% | -55.77% | |
| 16 | SLV | Ishares Silver Trust | ETF-Commodities | 0.69% | +0.65% | +3051.04% | |
| 17 | RKLB | Rocket Lab CORP | Stock-Industrials | 0.56% | +0.56% | NEW | |
| 18 | XLB | Ss Materials Select Sector | ETF-Other | 0.56% | +0.56% | NEW | |
| 19 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.53% | +0.53% | NEW | |
| 20 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.45% | +0.45% | NEW | |
| 21 | XLI | Ss Industrial Select Sector | ETF-Other | 0.44% | +0.44% | NEW | |
| 22 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.41% | -0.73% | -17.36% | |
| 23 | RTX | Rtx CORP | Stock-Industrials | 0.37% | +0.37% | NEW | |
| 24 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.35% | +0.35% | NEW | |
| 25 | HWM | Howmet Aerospace INC | Stock-Industrials | 0.34% | +0.05% | +97.54% | |
| 26 | XLV | Ss Health Care Select Sector | ETF-Other | 0.32% | -0.56% | -27.57% | |
| 27 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.30% | — | +20.72% | |
| 28 | AVAV | Aerovironment INC | Stock-Industrials | 0.27% | +0.27% | NEW | |
| 29 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.25% | +0.25% | NEW | |
| 30 | IONQ | Ionq INC | Stock-Tech | 0.23% | — | +37.35% | |
| 31 | IGLD | Ft Vest Gold Strategy Target | ETF-Commodities | 0.22% | — | +37.52% | |
| 32 | VTV | Vanguard Value ETF | ETF-Other | 0.21% | +0.21% | NEW | |
| 33 | XME | Ss Spdr S&p Metals Mining | ETF-Other | 0.18% | +0.18% | NEW | |
| 34 | MSTR | Strategy INC | Stock-Tech | 0.17% | — | +14.34% | |
| 35 | IAK | Ishares U.s. Insurance ETF | ETF-Other | 0.16% | +0.16% | NEW | |
| 36 | RGTI | Rigetti Computing INC | Stock-Tech | 0.15% | +0.12% | +1393.26% | |
| 37 | VGK | Vanguard Ftse Europe ETF | ETF-Other | 0.14% | — | -8.13% | |
| 38 | PAVE | Global X US Infrastructure | ETF-Other | 0.14% | +0.14% | NEW | |
| 39 | PJP | Invesco Pharmaceuticals ETF | ETF-Other | 0.13% | +0.13% | NEW | |
| 40 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.12% | — | +46.97% | |
| 41 | EWO | Ishares Msci Austria ETF | ETF-Other | 0.12% | — | +150.00% | |
| 42 | SVOL | Simplify Volatility Premium | ETF-Other | 0.11% | +0.11% | NEW | |
| 43 | EPU | Ishares Msci Peru And Global | ETF-Other | 0.10% | +0.10% | NEW | |
| 44 | T | At&t INC | Stock-Comm Services | 0.10% | — | -8.17% | |
| 45 | XAR | Ss Spdr S&p Aerospace Def | ETF-Other | 0.09% | — | — | |
| 46 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.09% | +0.09% | NEW | |
| 47 | ALB | Albemarle CORP | Stock-Materials | 0.09% | +0.09% | NEW | |
| 48 | AAPL | Apple INC | Stock-Tech | 0.08% | — | +260.25% | |
| 49 | FCX | Freeport-mcmoran INC | Stock-Materials | 0.08% | — | — | |
| 50 | CBOE | Cboe Global Markets INC | Stock-Financials | 0.07% | — | -7.88% |
1–50 of 73
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+23.1%
- Stdev
- +17.1%
- Beta
- +1.26
- Alpha
- -2%
- Max Drawdown
- -9.9%
- Annualized Perf
- +21.7%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.66
- Stutzer
- +0.37
- Treynor
- +0.17
- Sterling
- +1.21
- Calmar
- +2.19
- Information Ratio
- +0.46
- Tracking Error
- +5.9%
- Stdev Down
- +8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +42.3%
- Worst 12 Months
- +4.4%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.24
- Stdev Sectors
- +16.3%
- Skewness
- +0.41
- Kurtosis
- -0.12
- Upside Potential
- +4.42
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 112 | $3.7B | 80 | |
| 2025-12-31 | 87 | $1.9B | 94 | |
| 2025-09-30 | 107 | $1.2B | 100 | |
| 2025-06-30 | 71 | $330.0M | 0 | |
| 2025-03-31 | 75 | $294.3M | 100 | |
| 2024-12-31 | 74 | $299.3M | 0 | |
| 2024-09-30 | 84 | $326.0M | 0 | |
| 2024-06-30 | 79 | $324.9M | 0 | |
| 2024-03-31 | 81 | $274.0M | 0 | |
| 2023-12-31 | 90 | $271.6M | 0 | |
| 2023-09-30 | 93 | $255.5M | 0 | |
| 2023-06-30 | 94 | $274.7M | 0 | |
| 2023-03-31 | 62 | $244.6M | 0 | |
| 2022-12-31 | 98 | $278.6M | 0 | |
| 2022-09-30 | 95 | $276.8M | 0 | |
| 2022-06-30 | 97 | $286.0M | 0 | |
| 2022-03-31 | 100 | $382.5M | 0 | |
| 2021-12-31 | 112 | $385.1M | 0 | |
| 2021-09-30 | 98 | $316.7M | 0 | |
| 2021-06-30 | 94 | $277.3M | 91 | |
| 2021-03-31 | 103 | $229.9M | 45 | |
| 2020-12-31 | 98 | $218.8M | 85 | |
| 2020-09-30 | 68 | $147.1M | 52 | |
| 2020-06-30 | 69 | $173.1M | 77 | |
| 2020-03-31 | 113 | $169.2M | 58 | |
| 2019-12-31 | 141 | $230.9M | 70 | |
| 2019-09-30 | 128 | $231.8M | 54 | |
| 2019-06-30 | 123 | $239.2M | 75 | |
| 2019-03-31 | 123 | $243.2M | 95 | |
| 2018-12-31 | 182 | $310.2M | 83 | |
| 2018-09-30 | 166 | $343.9M | 74 | |
| 2018-06-30 | 147 | $296.6M | 90 | |
| 2018-03-31 | 183 | $283.2M | 82 | |
| 2017-12-31 | 132 | $250.5M | 60 | |
| 2017-09-30 | 146 | $208.1M | 77 | |
| 2017-06-30 | 147 | $179.7M | 7 | |
| 2017-03-31 | 151 | $178.6M | 95 | |
| 2016-12-31 | 125 | $155.3M | 86 | |
| 2016-09-30 | 128 | $164.6M | 78 | |
| 2016-06-30 | 116 | $171.0M | 100 | |
| 2016-03-31 | 107 | $174.3M | 89 | |
| 2015-12-31 | 117 | $168.2M | 100 | |
| 2015-09-30 | 51 | $119.4M | 0 |
Holding changes this quarter
Cavalier Investments, LLC's most significant position changes for 2026-03-31: Sold out: General Electric (GE); New buy: United States Oil Fund LP (USO); New buy: Ss Energy Select Sector (XLE); New buy: Kla CORP (KLAC); Sold out: Reddit Inc-cl A (RDDT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +13.4% | +199.24% | Add |
| 2 | GLD | Spdr Gold Shares | +2.2% | +933.48% | Add |
| 3 | SLV | Ishares Silver Trust | +0.7% | +3051.04% | Add |
| 4 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +200.56% | Add |
| 5 | RGTI | Rigetti Computing INC | +0.1% | +1393.26% | Add |
| 6 | HWM | Howmet Aerospace INC | +0.1% | +97.54% | Add |
| 7 | WDC | Western Digital CORP | 0% | +21.50% | Add |
| 8 | NVDA | Nvidia CORP | -0.1% | +97.88% | Add |
| 9 | TSLA | Tesla INC | -0.1% | +117.00% | Add |
| 10 | JPM | Jpmorgan Chase & Co | -0.2% | +88.99% | Add |
| 11 | SMH | Vaneck Semiconductor ETF | -0.2% | +71.48% | Add |
| 12 | NEM | Newmont CORP | -0.3% | -76.95% | Trim |
| 13 | XLF | Ss Financial Select Sector | -0.4% | -96.38% | Trim |
| 14 | XLC | Ss Comm Select Sector Spdr | -0.5% | +31.07% | Add |
| 15 | XLV | Ss Health Care Select Sector | -0.6% | -27.57% | Trim |
| 16 | PLTR | Palantir Technologies Inc-a | -0.7% | -17.36% | Trim |
| 17 | LRCX | Lam Research CORP | -1.9% | -55.77% | Trim |
| 18 | IWM | Ishares Russell 2000 ETF | -2.6% | -34.36% | Trim |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | -6.7% | +60.45% | Add |
| 20 | GE | General Electric | — | EXIT | Sold out |
| 21 | USO | United States Oil Fund LP | — | NEW | New buy |
| 22 | XLE | Ss Energy Select Sector | — | NEW | New buy |
| 23 | KLAC | Kla CORP | — | NEW | New buy |
| 24 | RDDT | Reddit Inc-cl A | — | EXIT | Sold out |
| 25 | MSFT | Microsoft CORP | — | EXIT | Sold out |
| 26 | RKLB | Rocket Lab CORP | — | NEW | New buy |
| 27 | XLB | Ss Materials Select Sector | — | NEW | New buy |
| 28 | XLP | Ss Consumer Staples Sel Sect | — | NEW | New buy |
| 29 | EWY | Ishares Msci South Korea ETF | — | NEW | New buy |
| 30 | XLI | Ss Industrial Select Sector | — | NEW | New buy |
| 31 | RTX | Rtx CORP | — | NEW | New buy |
| 32 | VST | Vistra CORP | — | EXIT | Sold out |
| 33 | XLU | St Sr Utl Sl Se Spdr Etf-usd | — | NEW | New buy |
| 34 | BSX | Boston Scientific CORP | — | EXIT | Sold out |
| 35 | AVAV | Aerovironment INC | — | NEW | New buy |
| 36 | VFH | Vanguard Financials ETF | — | EXIT | Sold out |
| 37 | BMY | Bristol-myers Squibb Co | — | NEW | New buy |
| 38 | XNTK | Ss Spdr Nyse Tech ETF | — | EXIT | Sold out |
| 39 | VTV | Vanguard Value ETF | — | NEW | New buy |
| 40 | XME | Ss Spdr S&p Metals Mining | — | NEW | New buy |
| 41 | IAK | Ishares U.s. Insurance ETF | — | NEW | New buy |
| 42 | PAVE | Global X US Infrastructure | — | NEW | New buy |
| 43 | PJP | Invesco Pharmaceuticals ETF | — | NEW | New buy |
| 44 | SVOL | Simplify Volatility Premium | — | NEW | New buy |
| 45 | KCE | Ss Spdr S&p Cap Mkts ETF | — | EXIT | Sold out |
| 46 | SPYG | Ss Spdr P S&p 500 Growth ETF | — | EXIT | Sold out |
| 47 | EPU | Ishares Msci Peru And Global | — | NEW | New buy |
| 48 | SOXX | Ishares Semiconductor ETF | — | NEW | New buy |
| 49 | ALB | Albemarle CORP | — | NEW | New buy |
| 50 | XLK | Ss Technology Select Sector | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-30 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-24 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-04 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-24 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-02 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-23 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-04 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-04 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-02 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-02 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-11 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-13 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-06 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-06 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-06 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-31 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-03 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-01 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-10 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-02 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-03 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
FAQ
What is Cavalier Investments, LLC and what type of investor is it?
Cavalier Investments, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.7B, spread across 112 disclosed positions.
What are Cavalier Investments, LLC's largest equity positions?
Based on the latest 13F filing, Cavalier Investments, LLC's top holdings by market value are:
1. Invesco Qqq Trust Series 1 (QQQ) — $1.5B (41.4%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $1.0B (27.7%)
3. Vaneck Semiconductor ETF (SMH) — $201.7M (5.5%)
4. Spdr Gold Shares (GLD) — $97.3M (2.6%)
5. Jpmorgan Chase & Co (JPM) — $76.0M (2.0%)
What changes did Cavalier Investments, LLC make in its most recent portfolio filing?
In the latest reported quarter, Cavalier Investments, LLC made 50 notable position adjustments: 21 new positions were initiated, 13 existing holdings were added to, 6 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: General Electric (GE); New buy: United States Oil Fund LP (USO); New buy: Ss Energy Select Sector (XLE); New buy: Kla CORP (KLAC); Sold out: Reddit Inc-cl A (RDDT)
What sectors does Cavalier Investments, LLC focus on?
Cavalier Investments, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 52.6%
• Financials: 18.3%
• Industrials: 14.0%
• Consumer Discretionary: 8.7%
• Health Care: 3.4%
• Materials: 1.8%
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