The Rise and Fall of Top Holdings: Analyzing Cavalry Management's Q3 and Q4 2022 13F Filings

Cavalry Management Group, LLC recently filed their 13F form for Q3 and Q4 2022, providing us with insights into their top holdings and changes in portfolio composition. These forms are a crucial tool for investors looking to analyze a company's investment strategy and tailor their own accordingly.

Taking a closer look at the filing, we see that Cavalry Management significantly increased its position in Okta Inc during the quarter, with holdings rising by 61% from Q3 to Q4. On the other hand, they sold off a significant chunk of their investment in Netflix Inc, with holdings tumbling by 80%.

The top holding for Cavalry Management in Q3 was Lyft Inc, with over one million shares held and a total value of $24.6 million. The ride-hailing giant was dethroned in Q4 by Broadcom Inc, which accounted for over half of their total portfolio by value.

The semiconductor and infrastructure software company took the top spot after Cavalry Management added 72,456 shares, with a total value of $40.5 million during Q4. In contrast, their holdings in Tesla Inc dropped to zero, suggesting a lack of confidence in the electric vehicle manufacturer's growth prospects.

Cavalry Management's investment decisions are not always aligned with the market's view, as seen by their increased investment in Ciena Corp during the quarter. The telecommunications networking equipment and software provider saw a sharp decline in its stock price despite the company reporting strong financial results this quarter. However, Cavalry Management maintained its investment in the company and even increased its stake by 35%.

Another notable change was the sharp drop in holdings for Expedia Group Inc, with the investment firm liquidating 85% of its position in the travel technology company. Meanwhile, their position in Roblox Corp, the online gaming platform, remained stagnant, with zero shares held in both Q3 and Q4.

In conclusion, while Cavalry Management's investment decisions may not always reflect the broader market's view or trends, analyzing its 13F form provides valuable insights into their strategy and changing portfolio composition. By keeping a close eye on these changes, investors can make more informed decisions and tailor their own investment strategy accordingly.