# EDGAR Filing Document

**Accession Number:** 0001655543
**File Stem:** 0001655543-26-000003
**Filing Date:** 2026-5
**Character Count:** 15879
**Document Hash:** 13ff4658ffc8fd1897755a9ce864cc13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655543-26-000003.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001655543-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cavalier Investments, LLC
- **CENTRAL INDEX KEY:** 0001655543

**ORGANIZATION NAME:**
- **EIN:** 474698780
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17041
- **FILM NUMBER:** 26984186

**BUSINESS ADDRESS:**
- **STREET 1:** 12600 DEERFIELD PARKWAY
- **STREET 2:** SUITE #100
- **CITY:** ALPHARETTA
- **STATE:** GA
- **ZIP:** 30004
- **BUSINESS PHONE:** 770-777-8277

**MAIL ADDRESS:**
- **STREET 1:** 12600 DEERFIELD PARKWAY
- **STREET 2:** SUITE #100
- **CITY:** ALPHARETTA
- **STATE:** GA
- **ZIP:** 30004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cavalier Investments
- **DATE OF NAME CHANGE:** 20151014

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Cavalier Investments LLC<br>**Address:** 12600 DEERFIELD PARKWAY<br>SUITE #100<br>ALPHARETTA, GA 30004

**Form 13F File Number:** 028-17041

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Brian MacKenzie<br>**Title:** Chief Compliance Officer<br>**Phone:** (720) 798-4847

**Signature, Place, and Date of Signing:**

Brian MacKenzie  Denver, CO  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 112

**Form 13F Information Table Value Total:** $3699300943

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ATT | COM | 00206R102 |  | 3521415 | 121470 | SH |  | SOLE |  | 121470 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 10067750 | 55000 | SH | Call | SOLE |  | 55000 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 3260265 | 18160 | SH |  | SOLE |  | 18160 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 3107659 | 12245 | SH |  | SOLE |  | 12245 | 0 | 0 |
| AROC | COM | 03957W106 |  | 1111234 | 31932 | SH |  | SOLE |  | 31932 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 9097500 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| CBOE GLOBAL MARKETS ORD | COM | 12503M108 |  | 2654425 | 9444 | SH |  | SOLE |  | 9444 | 0 | 0 |
| UBS AG ETRACS CD OL CR CL ETN | ETRACS CRUDE OIL | 22539U602 |  | 2651440 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| Facebook Inc | CL A | 30303M102 |  | 767798 | 1342 | SH |  | SOLE |  | 1342 | 0 | 0 |
| FT VEST GOLD STRT TRGT INCM ETF | FT VEST GOLD | 33733E856 |  | 8262912 | 323655 | SH |  | SOLE |  | 323655 | 0 | 0 |
| Freeport-McMoRan Inc | CL B | 35671D857 |  | 1377803 | 23440 | SH |  | SOLE |  | 23440 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 1469500 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| Global X MSCI Argentina ETF | GB MSCI AR ETF | 37950E259 |  | 2124057 | 22761 | SH |  | SOLE |  | 22761 | 0 | 0 |
| Global X MSCI Colombia ETF | GLBX MSCI COLUM | 37954Y327 |  | 631457 | 15962 | SH |  | SOLE |  | 15962 | 0 | 0 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 5081000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 2421500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| HOWMET AEROSPACE ORD | COM | 443201108 |  | 8065639 | 34998 | SH |  | SOLE |  | 34998 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 4609200 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| IESC | COM | 44951W106 |  | 2649173 | 5560 | SH |  | SOLE |  | 5560 | 0 | 0 |
| Invesco QQQ Trust Series 1 | UNIT SER 1 | 46090E103 |  | 59532654 | 103144 | SH |  | SOLE |  | 103144 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 750334000 | 1300000 | SH | Call | SOLE |  | 1300000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 721475000 | 1250000 | SH | Put | SOLE |  | 1250000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | PHARMACEUTICALS | 46137V662 |  | 4768810 | 45960 | SH |  | SOLE |  | 45960 | 0 | 0 |
| IONQ INC | COM | 46222L108 |  | 8649000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| iShares MSCI Austria ETF | MSCI AUSTRIA ETF | 464286202 |  | 4431250 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 1827370 | 45960 | SH |  | SOLE |  | 45960 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 1321250 | 10741 | SH |  | SOLE |  | 10741 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 15376250 | 125000 | SH | Call | SOLE |  | 125000 | 0 | 0 |
| ISHARES 20 PLS YEAR TREASURY BND ETF | 20 YR TR BD ETF | 464287432 |  | 11264585 | 129941 | SH |  | SOLE |  | 129941 | 0 | 0 |
| ISHARES SEMICONDUCTOR ETF | ISHARES SEMICDTR | 464287523 |  | 3495956 | 10637 | SH |  | SOLE |  | 10637 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | RUSSELL 2000 ETF | 464287655 |  | 839480 | 3385 | SH |  | SOLE |  | 3385 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 49600000 | 200000 | SH | Call | SOLE |  | 200000 | 0 | 0 |
| iShares Global Infrastructure ETF | GLB INFRASTR ETF | 464288372 |  | 1326332 | 19796 | SH |  | SOLE |  | 19796 | 0 | 0 |
| ISHARES TR | U.S. INSRNCE ETF | 464288786 |  | 5896208 | 45960 | SH |  | SOLE |  | 45960 | 0 | 0 |
| ISHARES TR | MSCI PERU AND GL | 464289842 |  | 3719117 | 46080 | SH |  | SOLE |  | 46080 | 0 | 0 |
| iShares Silver Trust | ISHARES | 46428Q109 |  | 5333454 | 78272 | SH |  | SOLE |  | 78272 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 16694300 | 245000 | SH | Call | SOLE |  | 245000 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 3407000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| iShares MSCI Poland ETF | MSCI POLAND ETF | 46429B606 |  | 1822102 | 50044 | SH |  | SOLE |  | 50044 | 0 | 0 |
| iShares Bitcoin Trus | SHS BEN INT | 46438F101 |  | 622020 | 16190 | SH |  | SOLE |  | 16190 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 13447000 | 350000 | SH | Call | SOLE |  | 350000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 19210000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| JPMORGAN CHASE ORD | COM | 46625H100 |  | 2426526 | 8249 | SH |  | SOLE |  | 8249 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 44124000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 29416000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| KLA Corporation | COM NEW | 482480100 |  | 14288267 | 9704 | SH |  | SOLE |  | 9704 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 14724100 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 9161313 | 42878 | SH |  | SOLE |  | 42878 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 10683000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 8546400 | 40000 | SH | Put | SOLE |  | 40000 | 0 | 0 |
| ELI LILLY ORD | COM | 532457108 |  | 888498 | 966 | SH |  | SOLE |  | 966 | 0 | 0 |
| MICROSTRATEGY CL A ORD | CL A NEW | 594972408 |  | 3265642 | 26167 | SH |  | SOLE |  | 26167 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 3157440 | 25300 | SH | Put | SOLE |  | 25300 | 0 | 0 |
| Newmont Corporation | COM | 651639106 |  | 1614549 | 14915 | SH |  | SOLE |  | 14915 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 4593750 | 125000 | SH | Call | SOLE |  | 125000 | 0 | 0 |
| NVIDIA Corp. | COM | 67066G104 |  | 7570878 | 43411 | SH |  | SOLE |  | 43411 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8720000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 57552000 | 330000 | SH | Put | SOLE |  | 330000 | 0 | 0 |
| Palantir Technologies Inc. | CL A | 69608A108 |  | 3409787 | 23310 | SH |  | SOLE |  | 23310 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 7314000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 4388400 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| RTX Corporation | COM | 75513E101 |  | 7841385 | 40650 | SH |  | SOLE |  | 40650 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 5787000 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 5616000 | 400000 | SH | Call | SOLE |  | 400000 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 19266000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 1605500 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| SPDR S 500 ETF Trust | TR UNIT | 78462F103 |  | 96041561 | 147679 | SH |  | SOLE |  | 147679 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 390204000 | 600000 | SH | Call | SOLE |  | 600000 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 539782200 | 830000 | SH | Put | SOLE |  | 830000 | 0 | 0 |
| SPDR Gold Shares | GOLD SHS | 78463V107 |  | 10811036 | 25125 | SH |  | SOLE |  | 25125 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 26247690 | 61000 | SH | Call | SOLE |  | 61000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 60240600 | 140000 | SH | Put | SOLE |  | 140000 | 0 | 0 |
| SPDR S AEROSPACE | STATE STREET SPD | 78464A631 |  | 3505940 | 13804 | SH |  | SOLE |  | 13804 | 0 | 0 |
| State Street SPDR SP Metals Mining ETF | STATE STREET SPD | 78464A755 |  | 252095 | 2334 | SH |  | SOLE |  | 2334 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 6480600 | 60000 | SH | Call | SOLE |  | 60000 | 0 | 0 |
| SPDR PORTFOLIO S 400 MID CAP ETF | STATE STREET SPD | 78464A847 |  | 1749300 | 29539 | SH |  | SOLE |  | 29539 | 0 | 0 |
| STATE STRET MATRL SLCT SCTR SPDR ETF | STATE STREET MAT | 81369Y100 |  | 5778131 | 115632 | SH |  | SOLE |  | 115632 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 14991000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| Health Care Select Sector SPDR Fund | STATE STREET HEA | 81369Y209 |  | 685109 | 4673 | SH |  | SOLE |  | 4673 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 10995750 | 75000 | SH | Put | SOLE |  | 75000 | 0 | 0 |
| State Street Consumer Staples Select Sector SPDR ETF | STATE STREET CON | 81369Y308 |  | 2243465 | 27366 | SH |  | SOLE |  | 27366 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 17215800 | 210000 | SH | Call | SOLE |  | 210000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 30630000 | 500000 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| Financial Select Sector SPDR Fund | STATE STREET FIN | 81369Y605 |  | 269807 | 5465 | SH |  | SOLE |  | 5465 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 16173000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| COMMUNICAT SVS SLCT SEC SPDR ETF | STATE STREET COM | 81369Y852 |  | 10593560 | 95558 | SH |  | SOLE |  | 95558 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 22172000 | 200000 | SH | Put | SOLE |  | 200000 | 0 | 0 |
| SELECT SECTOR UTI SELECT SPDR ETF | STATE STREET UTI | 81369Y886 |  | 3654955 | 79646 | SH |  | SOLE |  | 79646 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 9178000 | 200000 | SH | Call | SOLE |  | 200000 | 0 | 0 |
| SIMPLIFY VOLATILITY PREMIUM ETF | VOLATILITY PREM | 82889N863 |  | 3995380 | 260455 | SH |  | SOLE |  | 260455 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 2277000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 18587500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 18587500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| YIELDMAX MSFT OPTN INC STRG ETF | YIELDMAX MSFT OP | 88634T428 |  | 365638 | 31657 | SH |  | SOLE |  | 31657 | 0 | 0 |
| YIELDMAX NVDA OPTN INC STRGY ETF | YIELDMAX NVDA | 88634T774 |  | 425991 | 32819 | SH |  | SOLE |  | 32819 | 0 | 0 |
| YIELDMAX GOOGL OPTN INC STGY ETF | YIELDMAX GOOGL | 88634T790 |  | 586308 | 46166 | SH |  | SOLE |  | 46166 | 0 | 0 |
| YIELDMAX META OPTN INC STGY ETF | YIELDMAX META | 88634T816 |  | 335644 | 33265 | SH |  | SOLE |  | 33265 | 0 | 0 |
| YIELDMAX AMZN OPTN INC STRGY ETF | YIELDMAX AMZN OP | 88634T840 |  | 386879 | 35107 | SH |  | SOLE |  | 35107 | 0 | 0 |
| YIELDMAX AAPL OPT INC STRTGY ETF | YIELDMAX AAPL | 88634T857 |  | 483606 | 41123 | SH |  | SOLE |  | 41123 | 0 | 0 |
| United States Oil Fund | UNITS | 91232N207 |  | 15502995 | 121831 | SH |  | SOLE |  | 121831 | 0 | 0 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 12279625 | 96500 | SH | Call | SOLE |  | 96500 | 0 | 0 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 19278375 | 151500 | SH | Put | SOLE |  | 151500 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 2270250 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| VANECK GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 |  | 2598192 | 28312 | SH |  | SOLE |  | 28312 | 0 | 0 |
| VanEck Vectors Semiconductor ETF | SEMICONDUCTR ETF | 92189F676 |  | 11730123 | 30595 | SH |  | SOLE |  | 30595 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 98802180 | 257700 | SH | Call | SOLE |  | 257700 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 91134180 | 237700 | SH | Put | SOLE |  | 237700 | 0 | 0 |
| Vanguard FTSE Europe ETF | FTSE EUROPE ETF | 922042874 |  | 5362649 | 65057 | SH |  | SOLE |  | 65057 | 0 | 0 |
| VANGUARD VALUE ETF | VALUE ETF | 922908744 |  | 7894892 | 40239 | SH |  | SOLE |  | 40239 | 0 | 0 |
| Western Digital Corporation | COM | 958102105 |  | 6115779 | 22610 | SH |  | SOLE |  | 22610 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 30321929 | 112100 | SH | Call | SOLE |  | 112100 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 16797429 | 62100 | SH | Put | SOLE |  | 62100 | 0 | 0 |

---