1y return+20.3%S&P 500 +20.9%
3y return+81.7%S&P 500 +68.5%
5y return+67.4%S&P 500 +74.5%
10y return+214.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $315 against $357 in the S&P 500.2
Cavalier Investments, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| XLKSelect Sector Spdr Tr | $44.0M | 16.2% | New |
| NVDANvidia Corporation | $18.5M | 6.8% | +113.2% |
| SPYState Str Spdr S&p 500 Etf T | $18.2M | 6.7% | −83.5% |
| VWOVanguard Intl Equity Index F | $17.7M | 6.5% | New |
| XLVSelect Sector Spdr Tr | $17.1M | 6.3% | +2210.2% |
| QQQInvesco Qqq Tr | $15.0M | 5.5% | −80.2% |
| TLTIshares Tr | $14.4M | 5.3% | +28.1% |
| IGFIshares Tr | $11.2M | 4.1% | +748.5% |
| VTVVanguard Index Fds | $10.3M | 3.8% | +17.2% |
| MTUMIshares Tr | $10.2M | 3.7% | New |
| HWMHowmet Aerospace Inc | $9.0M | 3.3% | −4.4% |
| XLISelect Sector Spdr Tr | $7.9M | 2.9% | New |
| EFVIshares Tr | $7.7M | 2.8% | New |
| IGLDFirst Tr Exchange-traded Fd | $6.8M | 2.5% | |
| SOXXIshares Tr | $6.6M | 2.4% | −3.2% |
| GLDSpdr Gold Tr | $6.4M | 2.4% | −30.4% |
| VGKVanguard Intl Equity Index F | $5.7M | 2.1% | |
| VNQVanguard Index Fds | $5.4M | 2.0% | New |
| XLBSelect Sector Spdr Tr | $5.3M | 2.0% | −9.5% |
| VLUEIshares Tr | $4.9M | 1.8% | New |
| XARSpdr Series Trust | $3.9M | 1.4% | |
| IBITIshares Bitcoin Trust Etf | $3.9M | 1.4% | +624.1% |
| GDXVaneck Etf Trust | $2.9M | 1.1% | +33.9% |
| MSTRStrategy Inc | $2.8M | 1.0% | +25.0% |
| XLPSelect Sector Spdr Tr | $2.3M | 0.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| SMHVaneck Etf Trust | June 30, 2020 | +758.5% | $605K |
| HWMHowmet Aerospace Inc | June 30, 2023 | +442.5% | $9.0M |
| XARSpdr Series Trust | September 30, 2022 | +209.5% | $3.9M |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $15.0M |
| SLVIshares Silver Tr | March 31, 2022 | +133.7% | $633K |
| SPYState Str Spdr S&p 500 Etf T | September 30, 2020 | +123.0% | $18.2M |
| XLFSelect Sector Spdr Tr | September 30, 2020 | +122.7% | $1.4M |
| GLDSpdr Gold Tr | June 30, 2021 | +122.4% | $6.4M |
| SOXXIshares Tr | March 31, 2026 | +95.0% | $6.6M |
| IWMIshares Tr | December 31, 2023 | +49.7% | $643K |
Sold off last quarter
- USOUnited States Oil Fund was $15.5M
- KLACKLA Corporation was $14.3M
- XLCCommunicat Svs Slct Sec Spdr Etf was $10.6M
- LRCXLam Research Corp was $9.2M
- RTXRTX Corporation was $7.8M
- WDCWestern Digital Corporation was $6.1M
- IAKIshares Tr was $5.9M
- PJPInvesco Exchange Traded Fd T was $4.8M
- EWOiShares MSCI Austria ETF was $4.4M
- SVOLSimplify Volatility Premium Etf was $4.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.6% | +14.8% |
| March 31, 2026 | −2.4% | −4.6% |
| December 31, 2025 | −0.4% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +19.4% | +10.5% |
| March 31, 2025 | −4.1% | −4.6% |
| December 31, 2024 | +2.5% | +2.1% |
| September 30, 2024 | +0.3% | +5.4% |
| June 30, 2024 | +6.7% | +4.0% |
| March 31, 2024 | +12.4% | +10.0% |
| December 31, 2023 | +12.3% | +11.2% |
| September 30, 2023 | −4.7% | −3.6% |
| June 30, 2023 | +4.9% | +8.3% |
| March 31, 2023 | +5.9% | +7.0% |
| December 31, 2022 | +5.9% | +7.1% |
| September 30, 2022 | −5.8% | −5.3% |
| June 30, 2022 | −15.0% | −16.5% |
| March 31, 2022 | −6.4% | −4.9% |
| December 31, 2021 | +5.6% | +10.7% |
| September 30, 2021 | −1.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cavalier Investments, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1655543&type=13F-HR&dateb=&owner=include&count=40CIK 1655543
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1655543/000165554326000005/Filed August 14, 2026 · accession 0001655543-26-000005