Cavalier Investments, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Cavalier Investments, LLC reported 40 stock positions worth $271.7 million. Its top holding was SS Technology Select Sector (XLK) at 16.2% of the portfolio, followed by Nvidia (NVDA, 6.8%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.7%). Compared with Q1 2026, it opened 9 new positions, sold out of 29, added to 15 and reduced 13. The biggest buy was a new position in SS Technology Select Sector (XLK) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- ALPHARETTA, GA
- CIK
- 0001655543
- Portfolio Value
- $271.7M (Q2 2026)
- SEC Filing
- 0001655543-26-000005 ↗ filed Aug 14, 2026
Holdings Value
Holdings 40 stocks · $271.7M
| XLK SS Technology Select Sector | 16.21% | 231,176 | $44.0M | New |
| NVDA Nvidia Corp. | 6.81% | 92,541 | $18.5M | Add +113.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.69% | 24,338 | $18.2M | Reduce -83.5% |
| VWO Vanguard Ftse Emerging Marke | 6.52% | 296,581 | $17.7M | New |
| XLV SS Health Care Select Sector | 6.30% | 107,957 | $17.1M | Add +2210.2% |
| QQQ Invesco QQQ Trust Series 1 | 5.54% | 20,430 | $15.0M | Reduce -80.2% |
| TLT iShares 20+ Year Treasury BD | 5.29% | 166,457 | $14.4M | Add +28.1% |
| IGF iShares Global Infrastructur | 4.12% | 167,971 | $11.2M | Add +748.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.78% | 47,160 | $10.3M | Add +17.2% |
| MTUM iShares MSCI USA Momentum Fa | 3.74% | 29,662 | $10.2M | New |
| HWM Howmet Aerospace Inc. | 3.31% | 33,451 | $9.0M | Reduce -4.4% |
| XLI SS Industrial Select Sector | 2.90% | 42,489 | $7.9M | New |
| EFV iShares MSCI Eafe Value ETF | 2.83% | 100,441 | $7.7M | New |
| IGLD FT Vest Gold Strategy Target | 2.51% | 323,655 | $6.8M | No change |
| SOXX iShares Semiconductor ETF | 2.43% | 10,292 | $6.6M | Reduce -3.2% |
| GLD SPDR Gold Shares | 2.37% | 17,482 | $6.4M | Reduce -30.4% |
| VGK Vanguard Ftse Europe ETF | 2.10% | 64,544 | $5.7M | Reduce -0.8% |
| VNQ Vanguard Real Estate ETF | 2.00% | 56,240 | $5.4M | New |
| XLB SS Materials Select Sector | 1.96% | 104,644 | $5.3M | Reduce -9.5% |
| VLUE iShares MSCI USA Value Facto | 1.82% | 24,748 | $4.9M | New |
| XAR SS SPDR S&P Aerospace Def | 1.44% | 13,804 | $3.9M | No change |
| IBIT iShares Bitcoin Trust ETF | 1.44% | 117,232 | $3.9M | Add +624.1% |
| GDX Vaneck Gold Miners ETF | 1.05% | 37,901 | $2.9M | Add +33.9% |
| MSTR Strategy Inc. | 1.05% | 32,697 | $2.8M | Add +25.0% |
| XLP SS Consumer Staples Sel Sect | 0.83% | 27,150 | $2.3M | Reduce -0.8% |
| USOI UBS AG Etr CR Oil Shar Cov | 0.73% | 46,000 | $2.0M | No change |
| IGV iShares Expanded Tech-Softwa | 0.67% | 20,085 | $1.8M | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.65% | 26,284 | $1.8M | Reduce -11.0% |
| XLF SS Financial Select Sector | 0.50% | 25,195 | $1.4M | Add +361.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.41% | 24,727 | $1.1M | Reduce -69.0% |
| GOOY Yieldmax Googl Option Income | 0.30% | 61,999 | $823K | Add +34.3% |
| IWM iShares Russell 2000 ETF | 0.24% | 2,139 | $643K | Reduce -36.8% |
| APLY Yieldmax Aapl Option Income | 0.23% | 55,172 | $638K | Add +34.2% |
| SLV iShares Silver Trust | 0.23% | 11,846 | $633K | Reduce -84.9% |
| SMH Vaneck Semiconductor ETF | 0.22% | 923 | $605K | Reduce -97.0% |
| NVDY Yieldmax Nvda Option Inc. ETF | 0.20% | 43,969 | $547K | Add +34.0% |
| AMZY Yieldmax Amazn Option Income | 0.19% | 47,149 | $504K | Add +34.3% |
| MSFO Yieldmax MSFT Option Is ETF | 0.16% | 42,584 | $446K | Add +34.5% |
| FBY Yieldmax Meta Option Yield | 0.15% | 44,638 | $400K | Add +34.2% |
| RKLB Rocket Lab Corp. | 0.07% | 1,988 | $202K | New |
Options reported separately and not counted above: SPY calls ($567.5M), QQQ calls ($446.1M), SMH calls ($373.9M), QQQ puts ($230.0M), SMH puts ($93.5M), SPY puts ($74.9M), XLK puts ($61.9M), XLK calls ($38.1M), NVDA puts ($36.0M), XLI calls ($27.8M), TSLA calls ($25.2M), WDC calls ($20.3M), and 18 more.
Portfolio Sells Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -83.5% | 6.69% | −18.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -80.2% | 5.54% | −9.80 |
| USO United States Oil Fund LP | Sold out | 0.00% | −3.99 |
| KLAC KLA Corp. | Sold out | 0.00% | −3.68 |
| SMH Vaneck Semiconductor ETF | Reduce -97.0% | 0.22% | −2.80 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −2.73 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −2.36 |
| RTX RTX Corp. | Sold out | 0.00% | −2.02 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.58 |
| IAK iShares U.S. Insurance ETF | Sold out | 0.00% | −1.52 |
| PJP Invesco Pharmaceuticals ETF | Sold out | 0.00% | −1.23 |
| EWO iShares MSCI Austria ETF | Sold out | 0.00% | −1.14 |
| SLV iShares Silver Trust | Reduce -84.9% | 0.23% | −1.14 |
| SVOL Simplify Volatility Premium | Sold out | 0.00% | −1.03 |
| EPU iShares MSCI Peru and Global | Sold out | 0.00% | −0.96 |
| T AT&T Inc. | Sold out | 0.00% | −0.91 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.88 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.84 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.80 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.68 |
| IESC Ies Holdings Inc. | Sold out | 0.00% | −0.68 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.63 |
| ARGT Global X MSCI Argentina ETF | Sold out | 0.00% | −0.55 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -69.0% | 0.41% | −0.53 |
| ECH iShares MSCI Chile ETF | Sold out | 0.00% | −0.47 |
| EPOL iShares MSCI Poland ETF | Sold out | 0.00% | −0.47 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.42 |
| GLD SPDR Gold Shares | Reduce -30.4% | 2.37% | −0.41 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.35 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.34 |
| AROC Archrock Inc. | Sold out | 0.00% | −0.29 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.23 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.20 |
| COLO Global X MSCI Colombia ETF | Sold out | 0.00% | −0.16 |
| XME SS SPDR S&P Metals Mining | Sold out | 0.00% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -36.8% | 0.24% | +0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -11.0% | 0.65% | +0.20 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.8% | 0.83% | +0.25 |
| XLB SS Materials Select Sector | Reduce -9.5% | 1.96% | +0.47 |
| VGK Vanguard Ftse Europe ETF | Reduce -0.8% | 2.10% | +0.72 |
| HWM Howmet Aerospace Inc. | Reduce -4.4% | 3.31% | +1.23 |
| SOXX iShares Semiconductor ETF | Reduce -3.2% | 2.43% | +1.53 |
Portfolio Buys Q1 2026 → Q2 2026
| XLK SS Technology Select Sector | New | 16.21% | +16.21 |
| VWO Vanguard Ftse Emerging Marke | New | 6.52% | +6.52 |
| XLV SS Health Care Select Sector | Add +2210.2% | 6.30% | +6.13 |
| NVDA Nvidia Corp. | Add +113.2% | 6.81% | +4.86 |
| IGF iShares Global Infrastructur | Add +748.5% | 4.12% | +3.78 |
| MTUM iShares MSCI USA Momentum Fa | New | 3.74% | +3.74 |
| XLI SS Industrial Select Sector | New | 2.90% | +2.90 |
| EFV iShares MSCI Eafe Value ETF | New | 2.83% | +2.83 |
| TLT iShares 20+ Year Treasury BD | Add +28.1% | 5.29% | +2.39 |
| VNQ Vanguard Real Estate ETF | New | 2.00% | +2.00 |
| VLUE iShares MSCI USA Value Facto | New | 1.82% | +1.82 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +17.2% | 3.78% | +1.75 |
| IBIT iShares Bitcoin Trust ETF | Add +624.1% | 1.44% | +1.28 |
| IGV iShares Expanded Tech-Softwa | New | 0.67% | +0.67 |
| XLF SS Financial Select Sector | Add +361.0% | 0.50% | +0.43 |
| GDX Vaneck Gold Miners ETF | Add +33.9% | 1.05% | +0.38 |
| MSTR Strategy Inc. | Add +25.0% | 1.05% | +0.20 |
| GOOY Yieldmax Googl Option Income | Add +34.3% | 0.30% | +0.15 |
| APLY Yieldmax Aapl Option Income | Add +34.2% | 0.23% | +0.11 |
| NVDY Yieldmax Nvda Option Inc. ETF | Add +34.0% | 0.20% | +0.09 |
| AMZY Yieldmax Amazn Option Income | Add +34.3% | 0.19% | +0.09 |
| RKLB Rocket Lab Corp. | New | 0.07% | +0.07 |
| MSFO Yieldmax MSFT Option Is ETF | Add +34.5% | 0.16% | +0.07 |
| FBY Yieldmax Meta Option Yield | Add +34.2% | 0.15% | +0.06 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +26.7% | 760,000 | $567.5M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -53.4% | 605,800 | $446.1M |
| SMH Vaneck Semiconductor ETF | call | Add +121.2% | 570,000 | $373.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -75.0% | 312,300 | $230.0M |
| SMH Vaneck Semiconductor ETF | put | Reduce -40.0% | 142,500 | $93.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -87.9% | 100,300 | $74.9M |
| XLK SS Technology Select Sector | put | New | 325,000 | $61.9M |
| IWM iShares Russell 2000 ETF | call | Sold out | 200,000 | $49.6Mbefore exit |
| JPM JPMorgan Chase & Co. | call | Sold out | 150,000 | $44.1Mbefore exit |
| XLK SS Technology Select Sector | call | New | 200,000 | $38.1M |
| NVDA Nvidia Corp. | put | Reduce -45.5% | 180,000 | $36.0M |
| JPM JPMorgan Chase & Co. | put | Sold out | 100,000 | $29.4Mbefore exit |
| XLI SS Industrial Select Sector | call | Add +50.0% | 150,000 | $27.8M |
| TSLA Tesla Inc. | call | Add +20.0% | 60,000 | $25.2M |
| XLC SS Comm Select Sector SPDR | put | Sold out | 200,000 | $22.2Mbefore exit |
| WDC Western Digital Corp. | call | Reduce -71.6% | 31,800 | $20.3M |
| USO United States Oil Fund LP | put | Sold out | 151,500 | $19.3Mbefore exit |
| RKLB Rocket Lab Corp. | call | Sold out | 300,000 | $19.3Mbefore exit |
| TSLA Tesla Inc. | put | Sold out | 50,000 | $18.6Mbefore exit |
| WDC Western Digital Corp. | put | Sold out | 62,100 | $16.8Mbefore exit |
| SLV iShares Silver Trust | call | Sold out | 245,000 | $16.7Mbefore exit |
| KLAC KLA Corp. | put | Sold out | 100,000 | $14.7Mbefore exit |
| NVDA Nvidia Corp. | call | Add +44.2% | 72,100 | $14.4M |
| IBIT iShares Bitcoin Trust ETF | call | Sold out | 350,000 | $13.4Mbefore exit |
| HWM Howmet Aerospace Inc. | put | Add +150.0% | 50,000 | $13.4M |
| EWY iShares MSCI South Korea ETF | call | Reduce -52.0% | 60,000 | $12.1M |
| LRCX Lam Research Corp. | call | Sold out | 50,000 | $10.7Mbefore exit |
| XLE SS Energy Select Sector | call | Reduce -60.0% | 200,000 | $10.6M |
| AVAV Aerovironment Inc. | call | Sold out | 55,000 | $10.1Mbefore exit |
| GLD SPDR Gold Shares | put | Reduce -82.1% | 25,000 | $9.2M |
| GLD SPDR Gold Shares | call | Reduce -59.0% | 25,000 | $9.2M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | call | Sold out | 200,000 | $9.2Mbefore exit |
| BMY Bristol-Myers Squibb Co. | call | Sold out | 150,000 | $9.1Mbefore exit |
| IONQ Ionq Inc. | call | Sold out | 300,000 | $8.6Mbefore exit |
| LRCX Lam Research Corp. | put | Sold out | 40,000 | $8.5Mbefore exit |
| XLV SS Health Care Select Sector | put | Reduce -33.3% | 50,000 | $7.9M |
| PLTR Palantir Technologies Inc. Class A | call | Sold out | 50,000 | $7.3Mbefore exit |
| SOXX iShares Semiconductor ETF | put | New | 10,200 | $6.5M |
| XME SS SPDR S&P Metals Mining | call | Sold out | 60,000 | $6.5Mbefore exit |
| RTX RTX Corp. | put | Sold out | 30,000 | $5.8Mbefore exit |
| RTX RTX Corp. | call | New | 30,000 | $5.7M |
| PAVE Global X US Infrastructure | call | Sold out | 100,000 | $5.1Mbefore exit |
| EWY iShares MSCI South Korea ETF | put | New | 25,000 | $5.0M |
| NVO Novo-Nordisk A/S-Spons ADR | call | Sold out | 125,000 | $4.6Mbefore exit |
| PLTR Palantir Technologies Inc. Class A | put | Sold out | 30,000 | $4.4Mbefore exit |
| IBIT iShares Bitcoin Trust ETF | put | Reduce -76.6% | 117,000 | $3.9M |
| SLV iShares Silver Trust | put | Sold out | 50,000 | $3.4Mbefore exit |
| MSTR Strategy Inc. | put | Add +26.9% | 32,100 | $2.8M |
| USO United States Oil Fund LP | call | Reduce -73.9% | 25,200 | $2.7M |
| SMCI Super Micro Computer Inc. | call | Sold out | 100,000 | $2.3Mbefore exit |
Showing the first 50 of 54.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $271.7M | XLK, NVDA, SPY, VWO, XLV |
| Q1 2026 | 60 | $388.2M | SPY, QQQ, USO, KLAC, SMH |
| Q4 2025 | 60 | $321.6M | SPY, GE, QQQ, XLC, WDC |
| Q3 2025 | 65 | $248.1M | SPY, XLC, SMH, MSFT, IWM |
| Q2 2025 | 71 | $330.0M | HWM, META, AMZN, MSFT, QQQ |
| Q1 2025 | 75 | $294.3M | QQQ, HWM, AMZN, SMH, META |
| Q4 2024 | 74 | $299.3M | QQQ, AMZN, XLC, BSX, SPY |
| Q3 2024 | 84 | $326.0M | LLY, IWM, QQQ, AMZN, SPY |
| Q2 2024 | 79 | $324.9M | SMH, XLK, NVDA, QQQ, SMCI |
| Q1 2024 | 81 | $274.0M | SMH, QQQ, XLK, NVDA, SPY |