Cavalier Investments, LLC

ALPHARETTA, GA · CIK 1655543 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCavalier Investments, LLC (US)

Others nearbyAlpharetta, GA

$271.7m reported value -30.0% vs Q1 2026

40positions

65.0%in top 10

9 new 15 added 13 reduced 29 sold out vs Q1 2026

Options: 18 call positions ($1.6bn notional), 12 put positions ($545.1m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	231,176	$44.0m16.21%	16.21%	New
2	NVIDIA CORPORATION COM NVDA	NVDA	92,541	$18.5m6.81%	6.81%	Added +49.1k	+49,130 113.2%
3	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	24,338	$18.2m6.69%	6.69%	Reduced -123.3k	-123,341 -83.5%
4	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	296,581	$17.7m6.52%	6.52%	New
5	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	107,957	$17.1m6.30%	6.30%	Added +103.3k	+103,284 2210.2%
6	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	20,430	$15.0m5.54%	5.54%	Reduced -82.7k	-82,714 -80.2%
7	ISHARES TR 20 YR TR BD ETF TLT	TLT	166,457	$14.4m5.29%	5.29%	Added +36.5k	+36,516 28.1%
8	ISHARES TR GLB INFRASTR ETF IGF	IGF	167,971	$11.2m4.12%	4.12%	Added +148.2k	+148,175 748.5%
9	VANGUARD INDEX FDS VALUE ETF VTV	VTV	47,160	$10.3m3.78%	3.78%	Added +6.9k	+6,921 17.2%
10	ISHARES TR MSCI USA MMENTM MTUM	MTUM	29,662	$10.2m3.74%	3.74%	New
11	HOWMET AEROSPACE INC COM HWM	HWM	33,451	$9.0m3.31%	3.31%	Reduced -1.5k	-1,547 -4.4%
12	SELECT SECTOR SPDR TR INDL XLI	XLI	42,489	$7.9m2.90%	2.90%	New
13	ISHARES TR EAFE VALUE ETF EFV	EFV	100,441	$7.7m2.83%	2.83%	New
14	FIRST TR EXCHANGE-TRADED FD FT VEST GOLD IGLD	IGLD	323,655	$6.8m2.51%	2.51%	Unchanged
15	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	10,292	$6.6m2.43%	2.43%	Reduced -345	-345 -3.2%
16	SPDR GOLD TR GOLD SHS GLD	GLD	17,482	$6.4m2.37%	2.37%	Reduced -7.6k	-7,643 -30.4%
17	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	64,544	$5.7m2.10%	2.10%	Reduced -513	-513 -0.8%
18	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	56,240	$5.4m2.00%	2.00%	New
19	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	104,644	$5.3m1.96%	1.96%	Reduced -11.0k	-10,988 -9.5%
20	ISHARES TR MSCI USA VALUE VLUE	VLUE	24,748	$4.9m1.82%	1.82%	New
21	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	13,804	$3.9m1.44%	1.44%	Unchanged
22	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	117,232	$3.9m1.44%	1.44%	Added +101.0k	+101,042 624.1%
23	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	37,901	$2.9m1.05%	1.05%	Added +9.6k	+9,589 33.9%
24	MICROSTRATEGY INC CL A NEW MSTR	MSTR	32,697	$2.8m1.05%	1.05%	Added +6.5k	+6,530 25.0%
25	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	27,150	$2.3m0.83%	0.83%	Reduced -216	-216 -0.8%
26	CREDIT SUISSE NASSAU BRANCH XLINK CRD ETN37 USOI	USOI	46,000	$2.0m0.73%	0.73%	Unchanged
27	ISHARES TR EXPANDED TECH IGV	IGV	20,085	$1.8m0.67%	0.67%	New
28	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	26,284	$1.8m0.65%	0.65%	Reduced -3.3k	-3,255 -11.0%
29	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	25,195	$1.4m0.50%	0.50%	Added +19.7k	+19,730 361.0%
30	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	24,727	$1.1m0.41%	0.41%	Reduced -54.9k	-54,919 -69.0%
31	TIDAL TRUST II YIELDMAX GOOGL GOOY	GOOY	61,999	$822.7k0.30%	0.30%	Added +15.8k	+15,833 34.3%
32	ISHARES TR RUSSELL 2000 ETF IWM	IWM	2,139	$642.7k0.24%	0.24%	Reduced -1.2k	-1,246 -36.8%
33	TIDAL TRUST II YIELDMAX AAPL APLY	APLY	55,172	$638.3k0.23%	0.23%	Added +14.0k	+14,049 34.2%
34	ISHARES SILVER TR ISHARES SLV	SLV	11,846	$633.4k0.23%	0.23%	Reduced -66.4k	-66,426 -84.9%
35	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	923	$605.4k0.22%	0.22%	Reduced -29.7k	-29,672 -97.0%
36	TIDAL TRUST II YIELDMAX NVDA NVDY	NVDY	43,969	$547.0k0.20%	0.20%	Added +11.2k	+11,150 34.0%
37	TIDAL TRUST II YIELDMAX AMZN OP AMZY	AMZY	47,149	$503.6k0.19%	0.19%	Added +12.0k	+12,042 34.3%
38	TIDAL TRUST II YIELDMAX MSFT OP MSFO	MSFO	42,584	$445.9k0.16%	0.16%	Added +10.9k	+10,927 34.5%
39	TIDAL TRUST II YIELDMAX META FBY	FBY	44,638	$400.2k0.15%	0.15%	Added +11.4k	+11,373 34.2%
40	ROCKET LAB CORP COM RKLB	RKLB	1,988	$202.1k0.07%	0.07%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UNITED STS OIL FD LP USO	USO	121,831	$15.5m121.8k shares
KLA CORP KLAC	KLAC	97,040	$14.3m97.0k shares
SELECT SECTOR SPDR TR XLC	XLC	95,558	$10.6m95.6k shares
LAM RESEARCH CORP LRCX	LRCX	42,878	$9.2m42.9k shares
RTX CORPORATION RTX	RTX	40,650	$7.8m40.6k shares
WESTERN DIGITAL CORP WDC	WDC	22,610	$6.1m22.6k shares
ISHARES TR IAK	IAK	45,960	$5.9m46.0k shares
INVESCO EXCHANGE TRADED FD T PJP	PJP	45,960	$4.8m46.0k shares
ISHARES INC EWO	EWO	125,000	$4.4m125.0k shares
SIMPLIFY EXCHANGE TRADED FUN SVOL	SVOL	260,455	$4.0m260.5k shares
ISHARES TR EPU	EPU	46,080	$3.7m46.1k shares
AT&T INC T	T	121,470	$3.5m121.5k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	23,310	$3.4m23.3k shares
ALBEMARLE CORP ALB	ALB	18,160	$3.3m18.2k shares
APPLE INC AAPL	AAPL	12,245	$3.1m12.2k shares
CBOE GLOBAL MKTS INC CBOE	CBOE	9,444	$2.7m9.4k shares
IES HOLDINGS INC IESC	IESC	5,560	$2.6m5.6k shares
JPMORGAN CHASE & CO JPM	JPM	8,249	$2.4m8.2k shares
GLOBAL X FDS ARGT	ARGT	22,761	$2.1m22.8k shares
ISHARES INC ECH	ECH	45,960	$1.8m46.0k shares
ISHARES TR EPOL	EPOL	50,044	$1.8m50.0k shares
NEWMONT CORP NEM	NEM	14,915	$1.6m14.9k shares
FREEPORT-MCMORAN INC FCX	FCX	23,440	$1.4m23.4k shares
ISHARES INC EWY	EWY	10,741	$1.3m10.7k shares
ARCHROCK INC AROC	AROC	31,932	$1.1m31.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	760,000	$567.5m760.0k shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	605,800	$446.1m605.8k shares	Reduced
VANECK ETF TRUST SMH · Call	SMH	Call	570,000	$373.9m570.0k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	312,300	$230.0m312.3k shares	Reduced
VANECK ETF TRUST SMH · Put	SMH	Put	142,500	$93.5m142.5k shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	100,300	$74.9m100.3k shares	Reduced
SELECT SECTOR SPDR TR XLK · Put	XLK	Put	325,000	$61.9m325.0k shares	New
SELECT SECTOR SPDR TR XLK · Call	XLK	Call	200,000	$38.1m200.0k shares	New
NVIDIA CORPORATION NVDA · Put	NVDA	Put	180,000	$36.0m180.0k shares	Reduced
SELECT SECTOR SPDR TR XLI · Call	XLI	Call	150,000	$27.8m150.0k shares	Added
TESLA INC TSLA · Call	TSLA	Call	60,000	$25.2m60.0k shares	Added
WESTERN DIGITAL CORP WDC · Call	WDC	Call	31,800	$20.3m31.8k shares	Reduced
SELECT SECTOR SPDR TR XLP · Call	XLP	Call	210,000	$17.4m210.0k shares	Unchanged
SELECT SECTOR SPDR TR XLB · Call	XLB	Call	300,000	$15.2m300.0k shares	Unchanged
NVIDIA CORPORATION NVDA · Call	NVDA	Call	72,100	$14.4m72.1k shares	Added
HOWMET AEROSPACE INC HWM · Put	HWM	Put	50,000	$13.4m50.0k shares	Added
ISHARES INC EWY · Call	EWY	Call	60,000	$12.1m60.0k shares	Reduced
SELECT SECTOR SPDR TR XLE · Call	XLE	Call	200,000	$10.6m200.0k shares	Reduced
SPDR GOLD TR GLD · Put	GLD	Put	25,000	$9.2m25.0k shares	Reduced
SPDR GOLD TR GLD · Call	GLD	Call	25,000	$9.2m25.0k shares	Reduced
SELECT SECTOR SPDR TR XLV · Put	XLV	Put	50,000	$7.9m50.0k shares	Reduced
ISHARES TR SOXX · Put	SOXX	Put	10,200	$6.5m10.2k shares	New
RTX CORPORATION RTX · Call	RTX	Call	30,000	$5.7m30.0k shares	New
ISHARES INC EWY · Put	EWY	Put	25,000	$5.0m25.0k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Put	IBIT	Put	117,000	$3.9m117.0k shares	Reduced