Cavalier Investments, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO QQQ TR OPT | QQQ | $691.1M | 20,430 | -12.69pp | 28q | -80.2%-$2.8B | |
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $660.6M | 24,338 | -0.30pp | 24q | -83.5%-$3.3B | |
| VANECK ETF TRUST OPT | SMH | $467.9M | 923 | +13.99pp | 27q | -97.0%-$15.0B | |
| SELECT SECTOR SPDR TR OPT | XLK | $144.1M | 231,176 | - | new | NEW | |
| NVIDIA CORPORATION OPT | NVDA | $69.0M | 92,541 | +0.87pp | 4q | +113.2%+$36.6M | |
| SELECT SECTOR SPDR TR OPT | XLI | $35.7M | 42,489 | +1.04pp | 2q | HELD | |
| TESLA INC OPT | TSLA | $25.2M | options only | +0.04pp | 5q | OPTIONS | |
| SELECT SECTOR SPDR TR OPT | XLV | $25.1M | 107,957 | +0.73pp | 3q | +2210.2%+$24.0M | |
| SPDR GOLD TR OPT | GLD | $24.9M | 17,482 | -1.60pp | 21q | -30.4%-$10.9M | |
| HOWMET AEROSPACE INC OPT | HWM | $22.4M | 33,451 | +0.59pp | 13q | -4.4%-$1.0M | |
| SELECT SECTOR SPDR TR OPT | XLB | $20.6M | 104,644 | +0.29pp | 2q | -9.5%-$2.2M | |
| WESTERN DIGITAL CORP OPT | WDC | $20.3M | options only | -0.60pp | 3q | OPTIONS | |
| SELECT SECTOR SPDR TR OPT | XLP | $19.7M | 27,150 | +0.29pp | 2q | -0.8%-$156.7K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $17.7M | 296,581 | - | new | NEW | |
| ISHARES INC OPT | EWY | $17.2M | options only | +0.26pp | 2q | OPTIONS | |
| ISHARES TR | TLT | $14.4M | 166,457 | +0.29pp | 15q | +28.1%+$3.2M | |
| ISHARES TR OPT | SOXX | $13.1M | 10,292 | +0.45pp | 2q | -3.2%-$440.1K | |
| ISHARES TR | IGF | $11.2M | 167,971 | +0.43pp | 2q | +748.5%+$9.9M | |
| SELECT SECTOR SPDR TR OPT | XLE | $10.6M | options only | -0.39pp | 2q | OPTIONS | |
| VANGUARD INDEX FDS | VTV | $10.3M | 47,160 | +0.21pp | 2q | +17.2%+$1.5M | |
| ISHARES TR | MTUM | $10.2M | 29,662 | - | new | NEW | |
| ISHARES BITCOIN TRUST ETF OPT | IBIT | $7.8M | 117,232 | -0.58pp | 4q | +624.1%+$6.7M | |
| ISHARES TR | EFV | $7.7M | 100,441 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | IGLD | $6.8M | 323,655 | +0.06pp | 4q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VGK | $5.7M | 64,544 | +0.09pp | 5q | -0.8%-$45.4K | |
| RTX CORPORATION OPT | RTX | $5.7M | options only | -0.13pp | 2q | OPTIONS | |
| STRATEGY INC OPT | MSTR | $5.6M | 32,697 | +0.06pp | 4q | +25.0%+$1.1M | |
| VANGUARD INDEX FDS | VNQ | $5.4M | 56,240 | - | new | NEW | |
| ISHARES TR | VLUE | $4.9M | 24,748 | - | new | NEW | |
| SPDR SERIES TRUST | XAR | $3.9M | 13,804 | +0.07pp | 16q | HELD | |
| VANECK ETF TRUST | GDX | $2.9M | 37,901 | +0.05pp | 5q | +33.9%+$723.5K | |
| UNITED STS OIL FD LP OPT | USO | $2.7M | options only | -1.16pp | 2q | OPTIONS | |
| GLOBAL X FDS OPT | URA | $2.2M | options only | +0.03pp | 2q | OPTIONS | |
| UBS AG | USOI | $2.0M | 46,000 | +0.01pp | 3q | HELD | |
| ISHARES TR | IGV | $1.8M | 20,085 | - | new | NEW | |
| SPDR SERIES TRUST | SPMD | $1.8M | 26,284 | +0.03pp | 13q | -11.0%-$219.9K | |
| SELECT SECTOR SPDR TR | XLF | $1.4M | 25,195 | +0.05pp | 24q | +361.0%+$1.1M | |
| SELECT SECTOR SPDR TR | XLU | $1.1M | 24,727 | -0.30pp | 2q | -69.0%-$2.5M | |
| USA RARE EARTH INC OPT | USAR | $1.1M | options only | -0.02pp | 2q | OPTIONS | |
| RIGETTI COMPUTING INC OPT | RGTI | $966.0K | options only | -0.11pp | 5q | OPTIONS | |
| TIDAL TRUST II | GOOY | $822.7K | 61,999 | +0.02pp | 7q | +34.3%+$210.1K | |
| ISHARES TR | IWM | $642.7K | 2,139 | -1.34pp | 11q | -36.8%-$374.4K | |
| TIDAL TRUST II | APLY | $638.3K | 55,172 | +0.01pp | 7q | +34.2%+$162.5K | |
| ISHARES SILVER TR | SLV | $633.4K | 11,846 | -0.66pp | 18q | -84.9%-$3.6M | |
| TIDAL TRUST II | NVDY | $547.0K | 43,969 | +0.01pp | 7q | +34.0%+$138.7K | |
| TIDAL TRUST II | AMZY | $503.6K | 47,149 | +0.01pp | 7q | +34.3%+$128.6K | |
| TIDAL TRUST II | MSFO | $445.9K | 42,584 | +0.01pp | 7q | +34.5%+$114.4K | |
| TIDAL TRUST II | FBY | $400.2K | 44,638 | +0.01pp | 7q | +34.2%+$102.0K | |
| ROCKET LAB CORP | RKLB | $202.1K | 1,988 | -0.56pp | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $1.4B | 56.1% |
| Semiconductors & Electronics | $69.0M | 2.9% |
| Capital Markets | $38.0M | 1.6% |
| Other sectors | $81.6M | 3.4% |
| Not classified | $867.2M | 36.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.4B | 49 | 7 | 15 | 17 | 31 | 90.0% | 45 |
| Q1 2026 | $3.7B | 73 | 27 | 17 | 26 | 15 | 86.3% | 45 |
| Q4 2025 | $1.9B | 61 | 7 | 33 | 13 | 14 | 85.5% | 44 |
| Q3 2025 | $1.2B | 68 | 6 | 39 | 16 | 9 | 79.9% | 45 |
| Q2 2025 | $330.0M | 71 | 12 | 6 | 47 | 16 | 58.1% | 30 |
| Q1 2025 | $294.3M | 75 | 14 | 17 | 9 | 13 | 47.2% | 24 |
| Q4 2024 | $299.3M | 74 | 10 | 49 | 12 | 20 | 64.1% | 35 |
| Q3 2024 | $326.0M | 84 | 9 | 56 | 14 | 4 | 49.9% | 24 |
| Q2 2024 | $324.9M | 79 | 5 | 56 | 10 | 7 | 56.2% | 33 |
| Q1 2024 | $274.0M | 81 | 4 | 59 | 13 | 13 | 50.5% | 26 |
| Q4 2023 | $271.6M | 90 | 4 | 73 | 9 | 7 | 45.6% | 44 |
| Q3 2023 | $255.5M | 93 | 7 | 74 | 9 | 8 | 43.7% | 23 |
| Q2 2023 | $274.7M | 94 | 63 | 21 | 8 | 28 | 45.4% | 42 |
| Q1 2023 | $244.6M | 59 | 4 | 38 | 14 | 43 | 46.7% | 40 |
| Q4 2022 | $278.6M | 98 | 7 | 8 | 80 | 4 | 39.5% | 41 |
| Q3 2022 | $276.8M | 95 | 6 | 16 | 70 | 8 | 39.1% | 41 |
| Q2 2022 | $286.0M | 97 | 6 | 39 | 50 | 9 | 39.4% | 35 |
| Q1 2022 | $382.5M | 100 | 5 | 47 | 46 | 3 | 31.9% | 34 |
| Q4 2021 | $385.1M | 98 | 15 | 65 | 17 | 15 | 32.3% | 33 |
| Q3 2021 | $316.7M | 98 | 17 | 52 | 20 | 13 | 28.9% | 33 |
| Q2 2021 | $277.3M | 94 | 16 | 36 | 14 | 25 | 26.8% | 42 |
| Q1 2021 | $229.9M | 103 | 23 | 44 | 18 | 18 | 26.1% | 43 |
| Q4 2020 | $218.8M | 98 | 36 | 42 | 18 | 6 | 25.7% | 43 |
| Q3 2020 | $147.1M | 68 | 11 | 2 | 55 | 12 | 51.2% | 43 |
| Q2 2020 | $173.1M | 69 | 32 | 12 | 16 | 74 | 51.6% | 41 |
| Q1 2020 | $169.2M | 111 | 19 | 18 | 17 | 38 | 46.2% | 36 |
| Q4 2019 | $230.9M | 130 | 42 | 4 | 20 | 27 | 36.0% | 37 |
| Q3 2019 | $231.8M | 115 | 24 | 18 | 10 | 20 | 38.9% | 37 |
| Q2 2019 | $239.2M | 111 | 37 | 13 | 16 | 43 | 42.3% | 31 |
| Q1 2019 | $243.2M | 117 | 31 | 23 | 16 | 73 | 41.3% | 33 |
| Q4 2018 | $310.2M | 159 | 0 | 0 | 0 | 0 | 54.2% | 32 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.