Cavalier Investments, LLC — 13F Holdings & Portfolio
CIK 1655543 · latest 13F-HR filed 2026-08-14
Cavalier Investments, LLC manages $2.41B in 13F-reported U.S. long-equity assets across 70 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (23.57%), QQQ (18.53%), SMH (15.53%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 9 new positions and exited 29; 18 existing positions rose in reported value and 11 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 65%Cumulative share of the portfolio held in the largest N positions.
SUITE 100
ALPHARETTA, GA 30004
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CAVALIER16, INC. Control | DIRECT OWNER | 50–75% | Domestic Entity |
| RUTHERFORD, GREGORY, ALLAN Control | PRESIDENT AND CEO | Less than 5% | Individual |
| RUTHERFORD, GREGORY, ALLAN Control | OWNER | 75% or more | Individual |
| Brookhouser, Maria, S | DIRECT OWNER | 10–25% | Individual |
| MACKENZIE, BRIAN, THOMAS | CHIEF COMPLIANCE OFFICER | Less than 5% | Individual |
| WETHERINGTON, GARY, SCOTT | CHIEF INVESTMENT OFFICER | Less than 5% | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- SELECT SECTOR SPDR TR$16.4M +2400.1%
- NVIDIA CORPORATION$10.9M +144.6%
- ISHARES TR$9.9M +743.4%
- ISHARES BITCOIN TRUST ETF$3.3M +527.4%
- ISHARES TR$3.1M +27.7%
Top Trims
- STATE STR SPDR S&P 500 ETF T-$77.9M -81.1%
- INVESCO QQQ TR-$44.5M -74.7%
- VANECK ETF TRUST-$11.1M -94.8%
- ISHARES SILVER TR-$4.7M -88.1%
- SPDR GOLD TR-$4.4M -40.4%
New Positions
- SELECT SECTOR SPDR TR$44.0M
- VANGUARD INTL EQUITY INDEX F$17.7M
- ISHARES TR$10.2M
- SELECT SECTOR SPDR TR$7.9M
- ISHARES TR$7.7M
Exited Positions
- United States Oil Fund$15.5M
- KLA Corporation$14.3M
- COMMUNICAT SVS SLCT SEC SPDR ETF$10.6M
- LAM RESEARCH CORP$9.2M
- RTX Corporation$7.8M
Cavalier Investments, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T Call | SPY | 78462F103 | $567.5M | 23.57% | 760,000 | SH |
| 2 | INVESCO QQQ TR Call | QQQ | 46090E103 | $446.1M | 18.53% | 605,800 | SH |
| 3 | VANECK ETF TRUST Call | SMH | 92189F676 | $373.9M | 15.53% | 570,000 | SH |
| 4 | INVESCO QQQ TR Put | QQQ | 46090E103 | $230.0M | 9.55% | 312,300 | SH |
| 5 | VANECK ETF TRUST Put | SMH | 92189F676 | $93.5M | 3.88% | 142,500 | SH |
| 6 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $74.9M | 3.11% | 100,300 | SH |
| 7 | SELECT SECTOR SPDR TR Put | XLK | 81369Y803 | $61.9M | 2.57% | 325,000 | SH |
| 8 | SELECT SECTOR SPDR TR | XLK | 81369Y803 | $44.0M | 1.83% | 231,176 | SH |
| 9 | SELECT SECTOR SPDR TR Call | XLK | 81369Y803 | $38.1M | 1.58% | 200,000 | SH |
| 10 | NVIDIA CORPORATION Put | NVDA | 67066G104 | $36.0M | 1.50% | 180,000 | SH |
| 11 | SELECT SECTOR SPDR TR Call | XLI | 81369Y704 | $27.8M | 1.15% | 150,000 | SH |
| 12 | TESLA INC Call | TSLA | 88160R101 | $25.2M | 1.05% | 60,000 | SH |
| 13 | WESTERN DIGITAL CORP Call | WDC | 958102105 | $20.3M | 0.84% | 31,800 | SH |
| 14 | NVIDIA CORPORATION | NVDA | 67066G104 | $18.5M | 0.77% | 92,541 | SH |
| 15 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $18.2M | 0.75% | 24,338 | SH |
| 16 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $17.7M | 0.74% | 296,581 | SH |
| 17 | SELECT SECTOR SPDR TR Call | XLP | 81369Y308 | $17.4M | 0.72% | 210,000 | SH |
| 18 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $17.1M | 0.71% | 107,957 | SH |
| 19 | SELECT SECTOR SPDR TR Call | XLB | 81369Y100 | $15.2M | 0.63% | 300,000 | SH |
| 20 | INVESCO QQQ TR | QQQ | 46090E103 | $15.0M | 0.62% | 20,430 | SH |
| 21 | NVIDIA CORPORATION Call | NVDA | 67066G104 | $14.4M | 0.60% | 72,100 | SH |
| 22 | ISHARES TR | TLT | 464287432 | $14.4M | 0.60% | 166,457 | SH |
| 23 | HOWMET AEROSPACE INC Put | HWM | 443201108 | $13.4M | 0.56% | 50,000 | SH |
| 24 | ISHARES INC Call | EWY | 464286772 | $12.1M | 0.50% | 60,000 | SH |
| 25 | ISHARES TR | IGF | 464288372 | $11.2M | 0.46% | 167,971 | SH |
| 26 | SELECT SECTOR SPDR TR Call | XLE | 81369Y506 | $10.6M | 0.44% | 200,000 | SH |
| 27 | VANGUARD INDEX FDS | VTV | 922908744 | $10.3M | 0.43% | 47,160 | SH |
| 28 | ISHARES TR | MTUM | 46432F396 | $10.2M | 0.42% | 29,662 | SH |
| 29 | SPDR GOLD TR Call | GLD | 78463V107 | $9.2M | 0.38% | 25,000 | SH |
| 30 | SPDR GOLD TR Put | GLD | 78463V107 | $9.2M | 0.38% | 25,000 | SH |
| 31 | HOWMET AEROSPACE INC | HWM | 443201108 | $9.0M | 0.37% | 33,451 | SH |
| 32 | SELECT SECTOR SPDR TR Put | XLV | 81369Y209 | $7.9M | 0.33% | 50,000 | SH |
| 33 | SELECT SECTOR SPDR TR | XLI | 81369Y704 | $7.9M | 0.33% | 42,489 | SH |
| 34 | ISHARES TR | EFV | 464288877 | $7.7M | 0.32% | 100,441 | SH |
| 35 | FIRST TR EXCHANGE-TRADED FD | IGLD | 33733E856 | $6.8M | 0.28% | 323,655 | SH |
| 36 | ISHARES TR | SOXX | 464287523 | $6.6M | 0.27% | 10,292 | SH |
| 37 | ISHARES TR Put | SOXX | 464287523 | $6.5M | 0.27% | 10,200 | SH |
| 38 | SPDR GOLD TR | GLD | 78463V107 | $6.4M | 0.27% | 17,482 | SH |
| 39 | VANGUARD INTL EQUITY INDEX F | VGK | 922042874 | $5.7M | 0.24% | 64,544 | SH |
| 40 | RTX CORPORATION Call | RTX | 75513E101 | $5.7M | 0.24% | 30,000 | SH |
| 41 | VANGUARD INDEX FDS | VNQ | 922908553 | $5.4M | 0.23% | 56,240 | SH |
| 42 | SELECT SECTOR SPDR TR | XLB | 81369Y100 | $5.3M | 0.22% | 104,644 | SH |
| 43 | ISHARES INC Put | EWY | 464286772 | $5.0M | 0.21% | 25,000 | SH |
| 44 | ISHARES TR | VLUE | 46432F388 | $4.9M | 0.21% | 24,748 | SH |
| 45 | SPDR SERIES TRUST | XAR | 78464A631 | $3.9M | 0.16% | 13,804 | SH |
| 46 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $3.9M | 0.16% | 117,232 | SH |
| 47 | ISHARES BITCOIN TRUST ETF Put | IBIT | 46438F101 | $3.9M | 0.16% | 117,000 | SH |
| 48 | VANECK ETF TRUST | GDX | 92189F106 | $2.9M | 0.12% | 37,901 | SH |
| 49 | STRATEGY INC | MSTR | 594972408 | $2.8M | 0.12% | 32,697 | SH |
| 50 | STRATEGY INC Put | MSTR | 594972408 | $2.8M | 0.12% | 32,100 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $2.41B | 70 | 0001655543-26-000005 |
| 2026-03-31 | 2026-05-15 | $3.70B | 112 | 0001655543-26-000003 |
| 2025-12-31 | 2026-02-13 | $1.95B | 87 | 0001655543-26-000001 |
| 2025-09-30 | 2025-11-14 | $1.22B | 107 | 0001655543-25-000002 |
SUITE #100
ALPHARETTA, GA 30004