Cavalier Investments, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Cavalier Investments, LLC reported 81 stock positions worth $274.0 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 12.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.5%) and SS Technology Select Sector (XLK, 7.3%). Compared with Q4 2023, it opened 4 new positions, sold out of 13, added to 59 and reduced 13. The biggest buy was Vaneck Semiconductor ETF (SMH, shares +42%) and the biggest sale SS Industrial Select Sector (XLI, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- ALPHARETTA, GA
- CIK
- 0001655543
- Portfolio Value
- $274.0M (Q1 2024)
- SEC Filing
- 0001214659-24-007604 ↗ filed Apr 26, 2024
Holdings Value
Holdings 81 stocks · $274.0M
| SMH Vaneck Semiconductor ETF | 12.58% | 153,205 | $34.5M | Add +41.8% |
| QQQ Invesco QQQ Trust Series 1 | 8.54% | 52,699 | $23.4M | Reduce -9.8% |
| XLK SS Technology Select Sector | 7.33% | 96,476 | $20.1M | Add +3.6% |
| NVDA Nvidia Corp. | 5.03% | 15,241 | $13.8M | Add +24.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.51% | 23,634 | $12.4M | Reduce -38.3% |
| XLE SS Energy Select Sector | 3.32% | 96,226 | $9.1M | Add +5.9% |
| FICO Fair Isaac Corp. | 2.47% | 5,414 | $6.8M | Add +98.4% |
| BKNG Booking Holdings Inc. | 2.34% | 1,765 | $6.4M | Add +144.5% |
| VFH Vanguard Financials ETF | 2.24% | 59,997 | $6.1M | Add +5.9% |
| AMD Advanced Micro Devices | 2.10% | 31,920 | $5.8M | Add +1865.5% |
| AVGO Broadcom Inc. | 2.01% | 4,145 | $5.5M | Add +105.5% |
| RSPT Invesco S&P 500 Equal Weight | 1.96% | 152,430 | $5.4M | No change |
| HWM Howmet Aerospace Inc. | 1.93% | 77,360 | $5.3M | Add +5.9% |
| CPRT Copart Inc. | 1.79% | 84,602 | $4.9M | Add +5.9% |
| REGN Regeneron Pharmaceuticals | 1.67% | 4,757 | $4.6M | Add +5.0% |
| MSFT Microsoft Corp. | 1.67% | 10,864 | $4.6M | Add +7.2% |
| CRM Salesforce Inc. | 1.64% | 14,947 | $4.5M | Add +5.8% |
| BSX Boston Scientific Corp. | 1.63% | 65,341 | $4.5M | Add +5.9% |
| LLY Eli Lilly & Co. | 1.49% | 5,241 | $4.1M | Add +31.8% |
| TLT iShares 20+ Year Treasury BD | 1.36% | 39,352 | $3.7M | Reduce -41.7% |
| AAPL Apple Inc. | 1.29% | 20,614 | $3.5M | Reduce -39.6% |
| LW Lamb Weston Holdings Inc. | 1.19% | 30,681 | $3.3M | Add +5.8% |
| INTC Intel Corp. | 1.10% | 68,404 | $3.0M | Add +5.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.07% | 55,052 | $2.9M | No change |
| KCE SS SPDR S&P Cap MKTS ETF | 1.06% | 26,328 | $2.9M | Reduce -54.9% |
| VRTX Vertex Pharmaceuticals Inc. | 1.02% | 6,697 | $2.8M | Add +5.3% |
| VRSK Verisk Analytics Inc. | 0.99% | 11,462 | $2.7M | Add +5.7% |
| APPF Appfolio Inc. Class A | 0.94% | 10,479 | $2.6M | Add +5.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.94% | 35,168 | $2.6M | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.91% | 2,457 | $2.5M | Add +4.8% |
| TDG Transdigm Group Inc. | 0.81% | 1,806 | $2.2M | Reduce -56.5% |
| ULTA Ulta Beauty Inc. | 0.79% | 4,141 | $2.2M | Add +5.7% |
| SNPS Synopsys Inc. | 0.79% | 3,780 | $2.2M | Add +4.7% |
| ELF Elf Beauty Inc. | 0.78% | 10,858 | $2.1M | Add +7.7% |
| DECK Deckers Outdoor Corp. | 0.77% | 2,234 | $2.1M | Add +105.0% |
| PGR Progressive Corp. | 0.76% | 10,080 | $2.1M | New |
| XAR SS SPDR S&P Aerospace Def | 0.71% | 13,804 | $1.9M | No change |
| XLC SS Comm Select Sector SPDR | 0.70% | 23,599 | $1.9M | Reduce -12.0% |
| T AT&T Inc. | 0.70% | 108,403 | $1.9M | Add +6.0% |
| BMI Badger Meter Inc. | 0.70% | 11,771 | $1.9M | Add +5.6% |
| IWM iShares Russell 2000 ETF | 0.69% | 8,946 | $1.9M | Reduce -28.6% |
| CEG Constellation Energy | 0.68% | 10,080 | $1.9M | New |
| SPSC SPS Commerce Inc. | 0.66% | 9,773 | $1.8M | Add +5.5% |
| MMS Maximus Inc. | 0.64% | 20,792 | $1.7M | Add +5.7% |
| WST West Pharmaceutical Services | 0.63% | 4,348 | $1.7M | Add +5.4% |
| XLF SS Financial Select Sector | 0.57% | 37,062 | $1.6M | Add +5.9% |
| CBOE Cboe Global Markets Inc. | 0.57% | 8,468 | $1.6M | Add +5.6% |
| CDNS Cadence Design SYS Inc. | 0.56% | 4,923 | $1.5M | Add +5.0% |
| META Meta Platforms Inc. Class A | 0.52% | 2,923 | $1.4M | Reduce -83.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.51% | 10,779 | $1.4M | Add +5.6% |
| ORCL Oracle Corp. | 0.46% | 10,141 | $1.3M | Add +5.8% |
| IR Ingersoll-Rand Inc. | 0.45% | 12,858 | $1.2M | Add +5.6% |
| ACLS Axcelis Technologies Inc. | 0.44% | 10,827 | $1.2M | Add +5.5% |
| ARGT Global X MSCI Argentina ETF | 0.40% | 20,321 | $1.1M | Add +5.8% |
| AMP Ameriprise Financial Inc. | 0.39% | 2,417 | $1.1M | Add +4.9% |
| SMCI Super Micro Computer Inc. | 0.37% | 1,008 | $1.0M | New |
| USO United States Oil Fund LP | 0.34% | 11,664 | $918K | Reduce -32.5% |
| RJF Raymond James Financial Inc. | 0.33% | 7,115 | $914K | Add +5.8% |
| MOG.A Moog Inc. Class A | 0.32% | 5,440 | $868K | Add +5.4% |
| PH Parker Hannifin Corp. | 0.31% | 1,524 | $847K | Add +3.8% |
| AI C3.AI Inc. Class A | 0.31% | 31,045 | $840K | Add +5.9% |
| JPM JPMorgan Chase & Co. | 0.30% | 4,106 | $822K | Add +5.8% |
| FSS Federal Signal Corp. | 0.29% | 9,478 | $804K | Add +5.6% |
| PRI Primerica Inc. | 0.28% | 3,069 | $776K | Add +5.8% |
| ECL Ecolab Inc. | 0.28% | 3,280 | $757K | Add +5.4% |
| HUBB Hubbell Inc. | 0.26% | 1,748 | $726K | Add +3.3% |
| TPH Tri Pointe Homes Inc. | 0.26% | 18,544 | $717K | Add +5.8% |
| SWKS Skyworks Solutions Inc. | 0.25% | 6,356 | $688K | Add +5.6% |
| TEX Terex Corp. | 0.24% | 10,299 | $663K | Add +5.8% |
| SCHW Schwab (charles) Corp. | 0.24% | 8,954 | $648K | Add +5.6% |
| GRBK Green Brick Partners Inc. | 0.23% | 10,605 | $639K | Add +5.6% |
| TYL Tyler Technologies Inc. | 0.22% | 1,432 | $609K | Add +4.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 15,819 | $600K | Add +5.7% |
| WCC Wesco International Inc. | 0.21% | 3,406 | $583K | Add +5.2% |
| WINA Winmark Corp. | 0.21% | 1,594 | $577K | Add +3.6% |
| MANH Manhattan Associates Inc. | 0.19% | 2,071 | $518K | Reduce -76.7% |
| GLD SPDR Gold Shares | 0.15% | 1,966 | $404K | No change |
| SLV iShares Silver Trust | 0.12% | 14,064 | $320K | No change |
| PWR Quanta Services Inc. | 0.11% | 1,200 | $312K | Reduce -80.3% |
| XLI SS Industrial Select Sector | 0.10% | 2,130 | $268K | Reduce -97.8% |
| SAGE Sage Therapeutics Inc. | 0.07% | 10,837 | $203K | Add +5.5% |
Portfolio Sells Q4 2023 → Q1 2024
| XLI SS Industrial Select Sector | Reduce -97.8% | 0.10% | −3.95 |
| IAI iShares U.S. Broker-Dealers | Sold out | 0.00% | −2.54 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -38.3% | 4.51% | −2.20 |
| META Meta Platforms Inc. Class A | Reduce -83.3% | 0.52% | −1.77 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −1.73 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −1.55 |
| KCE SS SPDR S&P Cap MKTS ETF | Reduce -54.9% | 1.06% | −1.13 |
| AAPL Apple Inc. | Reduce -39.6% | 1.29% | −1.13 |
| TLT iShares 20+ Year Treasury BD | Reduce -41.7% | 1.36% | −1.10 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.83 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.82 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.80 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.79 |
| TDG Transdigm Group Inc. | Reduce -56.5% | 0.81% | −0.74 |
| MANH Manhattan Associates Inc. | Reduce -76.7% | 0.19% | −0.51 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.43 |
| PWR Quanta Services Inc. | Reduce -80.3% | 0.11% | −0.37 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.35 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.34 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.8% | 8.54% | −0.27 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.27 |
| IWM iShares Russell 2000 ETF | Reduce -28.6% | 0.69% | −0.24 |
| EMBC Embecta Corp. | Sold out | 0.00% | −0.16 |
| THS Treehouse Foods Inc. | Sold out | 0.00% | −0.16 |
| USO United States Oil Fund LP | Reduce -32.5% | 0.34% | −0.09 |
| XLC SS Comm Select Sector SPDR | Reduce -12.0% | 0.70% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| SMH Vaneck Semiconductor ETF | Add +41.8% | 12.58% | +5.63 |
| NVDA Nvidia Corp. | Add +24.8% | 5.03% | +2.80 |
| AMD Advanced Micro Devices | Add +1865.5% | 2.10% | +2.01 |
| BKNG Booking Holdings Inc. | Add +144.5% | 2.34% | +1.39 |
| FICO Fair Isaac Corp. | Add +98.4% | 2.47% | +1.30 |
| AVGO Broadcom Inc. | Add +105.5% | 2.01% | +1.18 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.94% | +0.94 |
| PGR Progressive Corp. | New | 0.76% | +0.76 |
| XLK SS Technology Select Sector | Add +3.6% | 7.33% | +0.73 |
| CEG Constellation Energy | New | 0.68% | +0.68 |
| LLY Eli Lilly & Co. | Add +31.8% | 1.49% | +0.63 |
| XLE SS Energy Select Sector | Add +5.9% | 3.32% | +0.51 |
| DECK Deckers Outdoor Corp. | Add +105.0% | 0.77% | +0.50 |
| HWM Howmet Aerospace Inc. | Add +5.9% | 1.93% | +0.48 |
| SMCI Super Micro Computer Inc. | New | 0.37% | +0.37 |
| CPRT Copart Inc. | Add +5.9% | 1.79% | +0.35 |
| BSX Boston Scientific Corp. | Add +5.9% | 1.63% | +0.32 |
| VFH Vanguard Financials ETF | Add +5.9% | 2.24% | +0.32 |
| APPF Appfolio Inc. Class A | Add +5.7% | 0.94% | +0.31 |
| CRM Salesforce Inc. | Add +5.8% | 1.64% | +0.27 |
| MSFT Microsoft Corp. | Add +7.2% | 1.67% | +0.26 |
| ELF Elf Beauty Inc. | Add +7.7% | 0.78% | +0.24 |
| REGN Regeneron Pharmaceuticals | Add +5.0% | 1.67% | +0.21 |
| GWW WW Grainger Inc. | Add +4.8% | 0.91% | +0.20 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +5.6% | 0.51% | +0.12 |
| SNPS Synopsys Inc. | Add +4.7% | 0.79% | +0.10 |
| IR Ingersoll-Rand Inc. | Add +5.6% | 0.45% | +0.10 |
| WST West Pharmaceutical Services | Add +5.4% | 0.63% | +0.09 |
| ORCL Oracle Corp. | Add +5.8% | 0.46% | +0.09 |
| CDNS Cadence Design SYS Inc. | Add +5.0% | 0.56% | +0.09 |
| XLF SS Financial Select Sector | Add +5.9% | 0.57% | +0.09 |
| ULTA Ulta Beauty Inc. | Add +5.7% | 0.79% | +0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Add +5.3% | 1.02% | +0.07 |
| T AT&T Inc. | Add +6.0% | 0.70% | +0.07 |
| AMP Ameriprise Financial Inc. | Add +4.9% | 0.39% | +0.06 |
| PRI Primerica Inc. | Add +5.8% | 0.28% | +0.06 |
| BMI Badger Meter Inc. | Add +5.6% | 0.70% | +0.06 |
| PH Parker Hannifin Corp. | Add +3.8% | 0.31% | +0.06 |
| HUBB Hubbell Inc. | Add +3.3% | 0.26% | +0.06 |
| RJF Raymond James Financial Inc. | Add +5.8% | 0.33% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +5.8% | 0.30% | +0.06 |
| ECL Ecolab Inc. | Add +5.4% | 0.28% | +0.05 |
| MOG.A Moog Inc. Class A | Add +5.4% | 0.32% | +0.04 |
| GRBK Green Brick Partners Inc. | Add +5.6% | 0.23% | +0.04 |
| CBOE Cboe Global Markets Inc. | Add +5.6% | 0.57% | +0.04 |
| FSS Federal Signal Corp. | Add +5.6% | 0.29% | +0.04 |
| LW Lamb Weston Holdings Inc. | Add +5.8% | 1.19% | +0.04 |
| ARGT Global X MSCI Argentina ETF | Add +5.8% | 0.40% | +0.04 |
| TEX Terex Corp. | Add +5.8% | 0.24% | +0.04 |
| BAC Bank of America Corp. | Add +5.7% | 0.22% | +0.03 |
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 |