Cavalier Investments, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO QQQ TR(Put) | 353,700 | 1,250,000 | +896,300 | 217,281,447 | 721,475,000 | — | +504,193,553 |
| INVESCO QQQ TR(Call) | 504,200 | 1,300,000 | +795,800 | 309,735,102 | 750,334,000 | — | +440,598,898 |
| STATE STR SPDR S&P 500 ETF T(SPY)(Put) | 562,400 | 830,000 | +267,600 | 383,511,808 | 539,782,200 | — | +156,270,392 |
| STATE STR SPDR S&P 500 ETF T(SPY)(Call) | 350,000 | 600,000 | +250,000 | 238,672,000 | 390,204,000 | — | +151,532,000 |
| VANECK ETF TRUST(Put) | 0 | 237,700 | +237,700 | 0 | 91,134,180 | — | +91,134,180 |
| SPDR GOLD TR(GLD)(Put) | 0 | 140,000 | +140,000 | 0 | 60,240,600 | — | +60,240,600 |
| SPDR S&P 500 ETF Trust(SPY) | 70,859 | 147,679 | +76,820 | 48,320,169 | 96,041,561 | 24.74% | +47,721,392 |
| JPMORGAN CHASE & CO(JPM)(Call) | 0 | 150,000 | +150,000 | 0 | 44,124,000 | — | +44,124,000 |
| Invesco QQQ Trust Series 1 | 28,733 | 103,144 | +74,411 | 17,650,969 | 59,532,654 | 15.33% | +41,881,685 |
| SELECT SECTOR SPDR TR(Call) | 0 | 500,000 | +500,000 | 0 | 30,630,000 | — | +30,630,000 |
| WESTERN DIGITAL CORP(WDC)(Call) | 0 | 112,100 | +112,100 | 0 | 30,321,929 | — | +30,321,929 |
| NVIDIA CORPORATION(NVDA)(Put) | 150,000 | 330,000 | +180,000 | 27,975,000 | 57,552,000 | — | +29,577,000 |
| SPDR GOLD TR(GLD)(Call) | 0 | 61,000 | +61,000 | 0 | 26,247,690 | — | +26,247,690 |
| SELECT SECTOR SPDR TR(Put) | 0 | 200,000 | +200,000 | 0 | 22,172,000 | — | +22,172,000 |
| UNITED STS OIL FD LP(USO)(Put) | 0 | 151,500 | +151,500 | 0 | 19,278,375 | — | +19,278,375 |
| ROCKET LAB CORP(RKLB)(Call) | 0 | 300,000 | +300,000 | 0 | 19,266,000 | — | +19,266,000 |
| TESLA INC(TSLA)(Put) | 0 | 50,000 | +50,000 | 0 | 18,587,500 | — | +18,587,500 |
| SELECT SECTOR SPDR TR(Call) | 0 | 210,000 | +210,000 | 0 | 17,215,800 | — | +17,215,800 |
| ISHARES SILVER TR(SLV)(Call) | 0 | 245,000 | +245,000 | 0 | 16,694,300 | — | +16,694,300 |
| SELECT SECTOR SPDR TR(Call) | 0 | 100,000 | +100,000 | 0 | 16,173,000 | — | +16,173,000 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Put) | 72,000 | 500,000 | +428,000 | 3,574,800 | 19,210,000 | — | +15,635,200 |
| United States Oil Fund(USO) | 0 | 121,831 | +121,831 | 0 | 15,502,995 | 3.99% | +15,502,995 |
| ISHARES INC(Call) | 0 | 125,000 | +125,000 | 0 | 15,376,250 | — | +15,376,250 |
| SELECT SECTOR SPDR TR(Call) | 0 | 300,000 | +300,000 | 0 | 14,991,000 | — | +14,991,000 |
| KLA CORP(KLAC)(Put) | 0 | 10,000 | +10,000 | 0 | 14,724,100 | — | +14,724,100 |
| KLA Corporation(KLAC) | 0 | 9,704 | +9,704 | 0 | 14,288,267 | 3.68% | +14,288,267 |
| UNITED STS OIL FD LP(USO)(Call) | 0 | 96,500 | +96,500 | 0 | 12,279,625 | — | +12,279,625 |
| SELECT SECTOR SPDR TR(Put) | 0 | 75,000 | +75,000 | 0 | 10,995,750 | — | +10,995,750 |
| AEROVIRONMENT INC(Call) | 0 | 55,000 | +55,000 | 0 | 10,067,750 | — | +10,067,750 |
| SELECT SECTOR SPDR TR(Call) | 0 | 200,000 | +200,000 | 0 | 9,178,000 | — | +9,178,000 |
| BRISTOL-MYERS SQUIBB CO(BMY)(Call) | 0 | 150,000 | +150,000 | 0 | 9,097,500 | — | +9,097,500 |
| NVIDIA CORPORATION(NVDA)(Call) | 0 | 50,000 | +50,000 | 0 | 8,720,000 | — | +8,720,000 |
| VANGUARD VALUE ETF | 0 | 40,239 | +40,239 | 0 | 7,894,892 | 2.03% | +7,894,892 |
| RTX Corporation(RTX) | 0 | 40,650 | +40,650 | 0 | 7,841,385 | 2.02% | +7,841,385 |
| PALANTIR TECHNOLOGIES INC(PLTR)(Call) | 0 | 50,000 | +50,000 | 0 | 7,314,000 | — | +7,314,000 |
| SPDR SERIES TRUST(Call) | 0 | 60,000 | +60,000 | 0 | 6,480,600 | — | +6,480,600 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Call) | 144,000 | 350,000 | +206,000 | 7,149,600 | 13,447,000 | — | +6,297,400 |
| ISHARES TR | 0 | 45,960 | +45,960 | 0 | 5,896,208 | 1.52% | +5,896,208 |
| RTX CORPORATION(RTX)(Put) | 0 | 30,000 | +30,000 | 0 | 5,787,000 | — | +5,787,000 |
| STATE STRET MATRL SLCT SCTR SPDR ETF | 0 | 115,632 | +115,632 | 0 | 5,778,131 | 1.49% | +5,778,131 |
| RIGETTI COMPUTING INC(RGTI)(Call) | 0 | 400,000 | +400,000 | 0 | 5,616,000 | — | +5,616,000 |
| TESLA INC(TSLA)(Call) | 0 | 50,000 | +50,000 | 0 | 18,587,500 | — | +18,587,500 |
| GLOBAL X FDS(Call) | 0 | 100,000 | +100,000 | 0 | 5,081,000 | — | +5,081,000 |
| INVESCO EXCHANGE TRADED FD T | 0 | 45,960 | +45,960 | 0 | 4,768,810 | 1.23% | +4,768,810 |
| HOWMET AEROSPACE INC(HWM)(Put) | 0 | 20,000 | +20,000 | 0 | 4,609,200 | — | +4,609,200 |
| iShares Silver Trust(SLV) | 11,846 | 78,272 | +66,426 | 763,119 | 5,333,454 | 1.37% | +4,570,335 |
| SIMPLIFY VOLATILITY PREMIUM ETF | 0 | 260,455 | +260,455 | 0 | 3,995,380 | 1.03% | +3,995,380 |
| ISHARES TR | 0 | 46,080 | +46,080 | 0 | 3,719,117 | 0.96% | +3,719,117 |
| SELECT SECTOR UTI SELECT SPDR ETF | 0 | 79,646 | +79,646 | 0 | 3,654,955 | 0.94% | +3,654,955 |
| ISHARES SEMICONDUCTOR ETF | 0 | 10,637 | +10,637 | 0 | 3,495,956 | 0.90% | +3,495,956 |
| ISHARES SILVER TR(SLV)(Put) | 0 | 50,000 | +50,000 | 0 | 3,407,000 | — | +3,407,000 |
| ALBEMARLE CORP(ALB) | 0 | 18,160 | +18,160 | 0 | 3,260,265 | 0.84% | +3,260,265 |
| WESTERN DIGITAL CORP(WDC)(Put) | 0 | 62,100 | +62,100 | 0 | 16,797,429 | — | +16,797,429 |
| iShares MSCI Austria ETF | 50,000 | 125,000 | +75,000 | 1,773,500 | 4,431,250 | 1.14% | +2,657,750 |
| GLOBAL X FDS(Call) | 0 | 50,000 | +50,000 | 0 | 2,421,500 | — | +2,421,500 |
| FT VEST GOLD STRT TRGT INCM ETF | 235,347 | 323,655 | +88,308 | 5,886,028 | 8,262,912 | 2.13% | +2,376,884 |
| HOWMET AEROSPACE ORD(HWM) | 27,841 | 34,998 | +7,157 | 5,707,962 | 8,065,639 | 2.08% | +2,357,677 |
| SUPER MICRO COMPUTER INC(SMCI)(Call) | 0 | 100,000 | +100,000 | 0 | 2,277,000 | — | +2,277,000 |
| USA RARE EARTH INC(USAR)(Call) | 0 | 150,000 | +150,000 | 0 | 2,270,250 | — | +2,270,250 |
| State Street Consumer Staples Select Sector SPDR ETF | 0 | 27,366 | +27,366 | 0 | 2,243,465 | 0.58% | +2,243,465 |
| Apple, Inc.(AAPL) | 3,399 | 12,245 | +8,846 | 924,052 | 3,107,659 | 0.80% | +2,183,607 |
| SPDR Gold Shares(GLD) | 21,880 | 25,125 | +3,245 | 8,671,263 | 10,811,036 | 2.78% | +2,139,773 |
| ISHARES 20 PLS YEAR TREASURY BND ETF | 107,636 | 129,941 | +22,305 | 9,381,554 | 11,264,585 | 2.90% | +1,883,031 |
| ISHARES INC | 0 | 45,960 | +45,960 | 0 | 1,827,370 | 0.47% | +1,827,370 |
| ROCKET LAB CORP(RKLB)(Put) | 0 | 25,000 | +25,000 | 0 | 1,605,500 | — | +1,605,500 |
| VANECK ETF TRUST(Call) | 0 | 257,700 | +257,700 | 0 | 98,802,180 | — | +98,802,180 |
| FREEPORT MCMORAN INC(FCX)(Call) | 0 | 25,000 | +25,000 | 0 | 1,469,500 | — | +1,469,500 |
| LAM RESEARCH CORP(LRCX) | 45,459 | 42,878 | -2,581 | 7,781,672 | 9,161,313 | 2.36% | +1,379,641 |
| Freeport-McMoRan Inc(FCX) | 0 | 23,440 | +23,440 | 0 | 1,377,803 | 0.35% | +1,377,803 |
| iShares Global Infrastructure ETF | 0 | 19,796 | +19,796 | 0 | 1,326,332 | 0.34% | +1,326,332 |
| ISHARES INC | 0 | 10,741 | +10,741 | 0 | 1,321,250 | 0.34% | +1,321,250 |
| NOVO-NORDISK A S(NVO)(Call) | 75,000 | 125,000 | +50,000 | 3,816,000 | 4,593,750 | — | +777,750 |
| Health Care Select Sector SPDR Fund | 0 | 4,673 | +4,673 | 0 | 685,109 | 0.18% | +685,109 |
| UBS AG ETRACS CD OL CR CL ETN(AMUB) | 0 | 46,000 | +46,000 | 0 | 2,651,440 | 0.68% | +2,651,440 |
| IESC(IESC) | 5,964 | 5,560 | -404 | 2,320,115 | 2,649,173 | 0.68% | +329,058 |
| State Street SPDR SP Metals Mining ETF | 0 | 2,334 | +2,334 | 0 | 252,095 | 0.06% | +252,095 |
| ATT(T) | 132,277 | 121,470 | -10,807 | 3,285,761 | 3,521,415 | 0.91% | +235,654 |
| AROC(AROC) | 34,760 | 31,932 | -2,828 | 904,455 | 1,111,234 | 0.29% | +206,779 |
| SPDR S&P AEROSPACE | 13,804 | 13,804 | 0 | 3,330,077 | 3,505,940 | 0.90% | +175,863 |
| CBOE GLOBAL MARKETS ORD(CBOE) | 10,252 | 9,444 | -808 | 2,573,252 | 2,654,425 | 0.68% | +81,173 |
| YIELDMAX GOOGL OPTN INC STGY ETF | 0 | 46,166 | +46,166 | 0 | 586,308 | 0.15% | +586,308 |
| YIELDMAX AAPL OPT INC STRTGY ETF | 0 | 41,123 | +41,123 | 0 | 483,606 | 0.12% | +483,606 |
| YIELDMAX NVDA OPTN INC STRGY ETF | 0 | 32,819 | +32,819 | 0 | 425,991 | 0.11% | +425,991 |
| Global X MSCI Colombia ETF | 17,376 | 15,962 | -1,414 | 619,281 | 631,457 | 0.16% | +12,176 |
| YIELDMAX AMZN OPTN INC STRGY ETF | 0 | 35,107 | +35,107 | 0 | 386,879 | 0.10% | +386,879 |
| YIELDMAX META OPTN INC STGY ETF | 0 | 33,265 | +33,265 | 0 | 335,644 | 0.09% | +335,644 |
| MICROSTRATEGY CL A ORD(MSTR) | 21,712 | 26,167 | +4,455 | 3,299,138 | 3,265,642 | 0.84% | -33,496 |
| YIELDMAX MSFT OPTN INC STRG ETF | 0 | 31,657 | +31,657 | 0 | 365,638 | 0.09% | +365,638 |
| STRATEGY INC(MSTR)(Put) | 21,300 | 25,300 | +4,000 | 3,236,535 | 3,157,440 | — | -79,095 |
| SPDR PORTFOLIO S&P 400 MID CAP ETF | 31,639 | 29,539 | -2,100 | 1,832,214 | 1,749,300 | 0.45% | -82,914 |
| iShares MSCI Poland ETF | 54,488 | 50,044 | -4,444 | 1,917,433 | 1,822,102 | 0.47% | -95,331 |
| Global X MSCI Argentina ETF | 24,781 | 22,761 | -2,020 | 2,265,231 | 2,124,057 | 0.55% | -141,174 |
| ELI LILLY ORD(LLY) | 966 | 966 | 0 | 1,038,141 | 888,498 | 0.23% | -149,643 |
| Facebook Inc(META) | 1,427 | 1,342 | -85 | 941,948 | 767,798 | 0.20% | -174,150 |
| NRG Energy Inc(NRG) | 1,767 | 0 | -1,767 | 281,377 | 0 | — | -281,377 |
| STRATEGY INC(MSTR)(Call) | 2,000 | 0 | -2,000 | 303,900 | 0 | — | -303,900 |
| IONQ INC(IONQ)(Call) | 200,000 | 300,000 | +100,000 | 8,974,000 | 8,649,000 | — | -325,000 |
| Boston Scientific Co rp(BSX) | 4,528 | 0 | -4,528 | 431,745 | 0 | — | -431,745 |
| Novo Nordisk A/S(NVO) | 10,049 | 0 | -10,049 | 511,293 | 0 | — | -511,293 |
| Vanguard FTSE Europe ETF | 0 | 65,057 | +65,057 | 0 | 5,362,649 | 1.38% | +5,362,649 |