Cavalier Investments, LLC Q3 2022 vs. Q4 2022: A Detailed Look at the Changes in Holdings

When investors want to gain an insight into the investment strategies of large institutional investors, the SEC Form 13F is an invaluable tool. 13Fs are filed quarterly by institutional investment managers that manage over $100 million in qualifying assets, providing a glimpse into the stocks, bonds, and other securities held in their portfolios.

Cavalier Investments, LLC is one such institutional investor, and the latest 13F filings for Q3 2022 and Q4 2022 reveal interesting insights into their latest holdings. In this article, we'll provide a detailed analysis of how Cavalier Investments’ portfolio has changed over the past quarter and what it hints about the firm's investment strategy.

The Value of Cavalier Investments' Holdings

Cavalier Investments' portfolio had an approximate value of $128.9 million as of September 30, 2022, according to the latest 13F filing. The hedge fund invested in 51 stocks, and the total holdings represent a change of -4.63% from the previous quarter.

Cavalier Investments' Top 10 Holdings in Q4 2022

The ten most valuable positions in Cavalier Investments' portfolio, based on the market value of the holdings, were as follows:

Ticker | Issuer Name | Q3 2022 Value ($000) | Q4 2022 Value ($000) | Change %

---|---|---|---|---|

USHY|ISHARES TR |17334 |20395 |17.7|

XLF|SELECT SECTOR SPDR TR|11766 |11394 |-3.2|

SPY|SPDR S&P 500 ETF TR|14497 |15682 |8.2|

DBA|INVESCO DB MULTI-SECTOR COMM|10943 |10464 |-4.4|

QYLD|GLOBAL X FDS|9172 |9053 |-1.3|

XLK|SELECT SECTOR SPDR TR|8503 |8468 |-0.4|

EFA|ISHARES TR|7578 |8440 |11.4|

SMH|VANECK ETF TRUST|7714 |8040 |4.2|

SPIP|SPDR SER TR|8463 |8352 |-1.3|

XLI|SELECT SECTOR SPDR TR|6968 |7849 |12.6|

Cavalier Investments reduced its position in the Select Sector SPDR Trust, which tracks the performance of industries under the S&P 500. The firm's holdings declined from 387,563 shares in Q3 2022 to 333,180 shares in Q4 2022, representing a decrease of 13.4%. Similarly, Cavalier Investments decreased its holdings in the INVESCO DB MULTI-SECTOR COMM ETF.

One of the interesting conclusions based on the top ten holdings is that Cavalier Investments has shown an affinity toward ETFs, particularly those tied to broad market indices. Its largest holdings are USHY, which tracks the performance of high-yielding US securities, and SPY, which tracks the S&P 500.

Other Important Holdings

Below are some other notable Cavalier Investment holdings:

Ticker | Issuer Name | Q3 2022 Value ($000) | Q4 2022 Value ($000) | Change %

---|---|---|---|---|

VNQ | VANGUARD INDEX FDS | 1,523 | 1,398 | -8.2 |

MSFT | MICROSOFT CORP | 1,238 | 1,205 | -2.6 |

NKE | NIKE INC | 507 | 670 | 32.3 |

AAPL | APPLE INC | 691 | 611 | -11.5 |

Cavalier Investments increased its holdings in Nike In Q4 2022, and also increased its stake in Microsoft Corp, while decreased its position in Apple Inc. Cavalier's other financial holdings, such as financials Select Sector SPDR and Ameriprise Financial saw smaller cuts to positions.

Conclusion

Cavalier Investments' latest 13F filings show a decline in the total value of the firm's holdings in comparison to its Q3 2022 filings. However, the firm continues to hold a substantial number of shares in ETFs, including high-yielding US securities. There was a slight increase in holdings in technology companies such as Microsoft and Nike, showing that the firm's attention is beginning to shift to these sectors. Overall, Cavalier Investments' 13F filings suggest that the firm is emphasizing the importance of portfolio diversification and concentrating on investment positions that should provide long-term growth.