Fund HoldingsCavalier Investments, LLC

Total Portfolio Value
$1.95B
Total Bought
$1.31B
Total Sold
$447.06M
Net Transaction
+$862.77M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR S&P 500 ETF TR(SPY)(Call)0350,000+350,0000238,672+238,672
INVESCO QQQ TR(Call)1,250504,200+502,95075,046309,735+234,689
INVESCO QQQ TR(Put)46353,700+353,6542,762217,281+214,520
ISHARES TR(Call)0300,000+300,000073,848+73,848
SPDR S&P 500 ETF TR(SPY)(Put)4,924562,400+557,476328,027383,512+55,485
JPMORGAN CHASE & CO.(JPM)(Put)0100,000+100,000032,222+32,222
LAM RESEARCH CORP(LRCX)(Put)0150,000+150,000025,677+25,677
SPDR S&P 500 ETF Tru st(SPY)37,15870,859+33,70124,05448,3202.48%+24,266
GE AEROSPACE(GE)(Put)250100,000+99,7507,52130,803+23,283
NVIDIA CORPORATION(NVDA)(Put)500150,000+149,5009,32927,975+18,646
LAM RESEARCH CORP(LRCX)(Call)0105,000+105,000017,974+17,974
SELECT SECTOR SPDR TR(Call)
ST STR CARE ETF
0110,000+110,000017,028+17,028
GE AEROSPACE(GE)(Call)25075,000+74,7507,52123,102+15,582
Communication Servic es Select Sector SPD
ST STR SVC ETF
0125,490+125,490014,7730.76%+14,773
Western Digital Corp(WDC)081,980+81,980014,1230.73%+14,123
WESTERN DIGITAL CORP(WDC)(Put)080,000+80,000013,782+13,782
VANECK ETF TRUST(Call)
SEMICONDUCTR ETF
2,593270,000+267,40784,62597,235+12,610
VISTRA CORP(VST)(Call)075,000+75,000012,100+12,100
MICROSOFT CORP(MSFT)(Put)025,000+25,000012,091+12,091
NVIDIA Corp(NVDA)063,979+63,979011,9320.61%+11,932
Reddit Inc(RDDT)051,230+51,230011,7760.61%+11,776
SELECT SECTOR SPDR TR(Call)
ST STR SVC ETF
0100,000+100,000011,772+11,772
REDDIT INC(RDDT)(Put)050,000+50,000011,494+11,494
General Electric Co(GE)27,22960,674+33,4457,26918,6890.96%+11,421
IONQ INC(IONQ)(Call)0200,000+200,00008,974+8,974
SPDR NYSE Technology ETF
ST STR NYSE TECH
030,754+30,75408,5460.44%+8,546
Financial Select Sec tor SPDR Fund
ST STR FINL ETF
0151,059+151,05908,2740.43%+8,274
SPDR Gold Shares(GLD)1,65621,880+20,2245898,6710.45%+8,083
Lam Research Corp(LRCX)045,459+45,45907,7820.40%+7,782
Invesco QQQ Trust Se ries 1028,733+28,733017,6510.91%+17,651
Newmont Corp.(NEM)064,699+64,69906,4600.33%+6,460
BOSTON SCIENTIFIC CORP(BSX)(Call)500103,100+102,6004,8829,831+4,949
HOWMET AEROSPACE INC(HWM)027,841+27,84105,7080.29%+5,708
ISHARES BITCOIN TRUST ETF(IBIT)(Call)490144,000+143,5103,1857,150+3,965
State Street SPDR S&P Capital Markets
ST STR SP CAPMKT
026,328+26,32803,9470.20%+3,947
SPDR Portfolio S&P 5 00 Growth ETF
ST STR P500GRW
035,780+35,78003,8180.20%+3,818
NOVO-NORDISK A S(NVO)(Call)075,000+75,00003,816+3,816
State Street SPDR Aerospace & Defense
ST STR SP AERO
013,804+13,80403,3300.17%+3,330
JPMorgan Chase & Co(JPM)35,54636,648+1,1028,74511,8090.61%+3,064
Technology Select Se ctor SPDR Fund
ST STR TECHN ETF
020,492+20,49202,9500.15%+2,950
Vanguard Financials ETF
FINANCIALS ETF
70,91273,154+2,2426,9629,7650.50%+2,804
Consumer Discretiona ry Select Sector SPD
ST STR DISCR ETF
018,613+18,61302,2230.11%+2,223
X-Links Crude Oil Sh ares Covered Call ET(AMUB)042,254+42,25402,0000.10%+2,000
ISHARES TR82,621107,636+25,0157,3849,3820.48%+1,998
SPDR Portfolio S&P 4 00 Mid Cap ETF
ST STR P400MID
031,639+31,63901,8320.09%+1,832
IES Holdings Inc(IESC)5,8125,964+1529162,3200.12%+1,404
AT&T Inc(T)128,211132,277+4,0662,2093,2860.17%+1,076
Global X MSCI Argent ina ETF24,02124,781+7601,1942,2650.12%+1,071
VanEck Vectors Gold Miners ETF
GOLD MINERS ETF
38,15646,441+8,2852,9153,9830.20%+1,068
Cboe Global Markets Inc(CBOE)9,94810,252+3041,5402,5730.13%+1,033
IonQ Inc(IONQ)018,420+18,42008270.04%+827
Vanguard FTSE Europe ETF68,64870,814+2,1665,2265,9210.30%+694
Vistra Energy Corp(VST)4,9488,257+3,3098101,3320.07%+522
iShares Bitcoin Trus t(IBIT)49,00072,190+23,1903,1853,5840.18%+399
ISHARES BITCOIN TRUST ETF(IBIT)(Put)49072,000+71,5103,1853,575+390
Rigetti Computing In c(RGTI)25,98926,787+7982205930.03%+373
ISHARES MSCI AUSTRIA50,00050,00001,4011,7740.09%+373
Apple Inc(AAPL)3,3233,399+765549240.05%+370
iShares MSCI Poland ETF
MSCI POLAND ETF
52,81654,488+1,6721,5591,9170.10%+358
NRG Energy Inc(NRG)01,767+1,76702810.01%+281
iShares Silver Trust(SLV)11,84611,84605027630.04%+261
FT Vest Gold Strateg y Target Income ETF235,347235,34705,6345,8860.30%+252
Eli Lilly & Co(LLY)96696608021,0380.05%+236
Amazon.com Inc(AMZN)03,798+3,79808770.05%+877
Archrock Inc(AROC)33,69634,760+1,0647569040.05%+149
Global X MSCI Colomb ia ETF
GLBX MSCI COLUM
16,84417,376+5324956190.03%+124
YieldMax GOOGL Optio n Income Strategy ET
YIELDMAX GOOGL
31,07737,788+6,7114405520.03%+112
YieldMax AAPL Option Income Strategy ETF
YIELDMAX AAPL
27,67233,688+6,0163774490.02%+72
Yieldmax Amzn Option Income ETF
YIELD AMZN ETF
23,62228,735+5,1133363820.02%+45
YieldMax MSFT Option Income Strategy ETF
YIELD MSFT ETF
21,26925,875+4,6063714000.02%+29
YieldMax NVDA Option Income Strategy ETF
YIELDMAX NVDA
22,12426,918+4,7943723930.02%+22
Yieldmax Meta Option Income Strategy ETF
YIELDMAX META
22,41627,247+4,8313523440.02%-9
VERTIV HOLDINGS CO(VRT)2,4960-2,4962210-221
STRATEGY INC(MSTR)(Put)10921,300+21,1913,5123,237-276
MicroStrategy Inc(MSTR)11,62721,712+10,0853,7463,2990.17%-447
PALANTIR TECHNOLOGIES INC(PLTR)(Put)1,000100,000+99,00018,24217,775-467
WINMARK CORP(WINA)1,7790-1,7796450-645
ECOLAB INC(ECL)3,8350-3,8357530-753
BOOKING HOLDINGS INC(BKNG)2960-2967540-754
VanEck Vectors Semic onductor ETF
SEMICONDUCTR ETF
48,39036,732-11,65814,07413,2280.68%-845
TYLER TECHNOLOGIES INC(TYL)1,6170-1,6178470-847
AMERIPRISE FINL INC(AMP)2,7870-2,7879560-956
Badger Meter Inc13,8066,837-6,9692,2461,1920.06%-1,053
VS TRUST(SVIX)123,3380-123,3381,2250-1,225
TRANSDIGM GROUP INC(TDG)2,0150-2,0151,4920-1,492
Novo Nordisk A/S(NVO)41,53710,049-31,4882,0055110.03%-1,494
CONSTELLATION ENERGY(CEG)02,017+2,01707130.04%+713
SPDR SERIES TRUST
ST STR SP AERO
13,8040-13,8041,7290-1,729
FRONTDOOR INC(FTDR)31,7060-31,7061,7550-1,755
SPDR SERIES TRUST
ST STR P400MID
36,0630-36,0632,0620-2,062
ZETA GLOBAL HOLDINGS CORP(ZETA)104,8560-104,8562,0790-2,079
COPART INC(CPRT)53,5450-53,5452,2030-2,203
SELECT SECTOR SPDR TR
ST STR TECHN ETF
000000
SPDR SERIES TRUST
ST STR SP CAPMKT
26,3280-26,3282,2910-2,291
Palantir Technologie s Inc(PLTR)47,91025,010-22,9006,7504,4460.23%-2,305
SELECT SECTOR SPDR TR
ST STR DISCR ETF
10,0730-10,0732,4140-2,414
VERTEX PHARMACEUTICALS INC(VRTX)7,8070-7,8072,7900-2,790
VERISK ANALYTICS INC(VRSK)13,4970-13,4972,9130-2,913
SPDR SERIES TRUST
ST STR NYSE TECH
11,0500-11,0503,0080-3,008
STRATEGY INC(MSTR)(Call)1052,000+1,8953,383304-3,079
Page 1 of 1