Cavalry Management Group LLC's Q1 2022 13F: 10 new positions, 14 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 30 reported positions · accession 0001567619-22-010742
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | MICRON TECHNOLOGY INC (MU) | 10.4% | — | −10.4 pts | −966K sh | −100% |
| New | PALO ALTO NETWORKS INC (PANW) | — | 8.5% | +8.5 pts | +162K sh | new |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 7.0% | 10.9% | +3.9 pts | +769K sh | +184% |
| Exited | BROADCOM INC (AVGO) | 6.6% | — | −6.6 pts | −85,778 sh | −100% |
| New | UBER TECHNOLOGIES INC (UBER) | — | 6.1% | +6.1 pts | +2.02M sh | new |
| New | JUNIPER NETWORKS INC (JNPR) | — | 4.7% | +4.7 pts | +1.49M sh | new |
| New | ZOOM VIDEO COMMUNICATIONS IN (ZM) | — | 4.4% | +4.4 pts | +441K sh | new |
| Increased | MONOLITHIC PWR SYS INC (MPWR) | 3.6% | 6.1% | +2.5 pts | +86,597 sh | +139% |
| New | RIVIAN AUTOMOTIVE INC (RIVN) | — | 3.1% | +3.1 pts | +732K sh | new |
| New | SNOWFLAKE INC (SNOW) | — | 3.1% | +3.1 pts | +160K sh | new |
| Exited | LAM RESEARCH CORP (LRCX) | 3.1% | — | −3.1 pts | −36,559 sh | −100% |
| Exited | APPLIED MATLS INC (AMAT) | 3.0% | — | −3.0 pts | −165K sh | −100% |
| Exited | SMARTSHEET INC (SMAR) | 2.9% | — | −2.9 pts | −320K sh | −100% |
| Exited | AMERICAN TOWER CORP NEW (AMT) | 2.8% | — | −2.8 pts | −83,102 sh | −100% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 1.7% | 3.9% | +2.2 pts | +624K sh | +216% |
| Increased | MARVELL TECHNOLOGY INC (MRVL) | 4.7% | 5.3% | +0.7 pts | +423K sh | +92% |
| Increased | TRIP COM GROUP LTD (TCOM) | 2.3% | 3.8% | +1.5 pts | +1.16M sh | +146% |
| Increased | LYFT INC (LYFT) | 6.6% | 6.5% | −0.1 pts | +686K sh | +52% |
| Increased | TESLA INC (TSLA) | 3.7% | 4.7% | +1.0 pts | +21,572 sh | +71% |
| New | DATADOG INC (DDOG) | — | 1.6% | +1.6 pts | +127K sh | new |
| Reduced | QUALCOMM INC (QCOM) | 7.2% | 2.8% | −4.4 pts | −121K sh | −36% |
| Exited | NETEASE INC (NTES) | 1.4% | — | −1.4 pts | −121K sh | −100% |
| Increased | BOOKING HOLDINGS INC (BKNG) | 5.3% | 5.1% | −0.3 pts | +6,426 sh | +33% |
| Exited | CINEMARK HLDGS INC (CNK) | 1.3% | — | −1.3 pts | −679K sh | −100% |
| Exited | KE HLDGS INC (BEKE) | 0.9% | — | −0.9 pts | −401K sh | −100% |
| Increased | ERICSSON (ERICY) | 2.5% | 2.5% | −0.1 pts | +1.2M sh | +60% |
| New | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | — | 0.9% | +0.9 pts | +100K sh | new |
| Increased | EXPEDIA GROUP INC (EXPE) | 5.8% | 5.4% | −0.4 pts | +49,918 sh | +18% |
| Exited | ASANA INC (ASAN) | 0.7% | — | −0.7 pts | −82,516 sh | −100% |
| Increased | CIENA CORP (CIEN) | 3.3% | 2.5% | −0.7 pts | +135K sh | +37% |
| Reduced | MICROSOFT CORP (MSFT) | 5.3% | 2.9% | −2.4 pts | −24,167 sh | −18% |
| New | TAKE-TWO INTERACTIVE SOFTWAR (TTWO) | — | 0.6% | +0.6 pts | +48,173 sh | new |
| Increased | FIVE9 INC (FIVN) | 1.8% | 1.4% | −0.4 pts | +39,280 sh | +35% |
| Reduced | COMMSCOPE HLDG CO INC (VISN) | 1.7% | 0.7% | −1.0 pts | −243K sh | −18% |
| Exited | MICROCHIP TECHNOLOGY INC. (MCHP) | 0.1% | — | −0.1 pts | −9,416 sh | −100% |
| Exited | ANALOG DEVICES INC (ADI) | 0.1% | — | −0.1 pts | −4,375 sh | −100% |
| Exited | SOLAREDGE TECHNOLOGIES INC (SEDG) | 0.0% | — | 0.0 pts | −1,285 sh | −100% |
| Increased | NEXTERA ENERGY PARTNERS LP (XIFR) | 0.0% | 0.0% | 0.0 pts | +2,972 sh | +83% |
| New | NEXTERA ENERGY INC (NEE) | — | 0.0% | 0.0 pts | +2,801 sh | new |
| Reduced | NOKIA CORP (NOK) | 2.8% | 1.8% | −1.0 pts | −32,372 sh | −1% |
| Exited | AMERICAN SUPERCONDUCTOR CORP (AMSC) | 0.0% | — | 0.0 pts | −11,283 sh | −100% |
| Increased | VONTIER CORPORATION (VNT) | 0.0% | 0.0% | 0.0 pts | +5,040 sh | +46% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 63.3% of the equity book
Changes in the top 10 this quarter: PANW entered · MPWR entered · UBER entered · JNPR entered · MU left · QCOM left · AVGO left · MSFT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ADVANCED MICRO DEVICES INC (AMD) | 7.0% | 10.9% | |
| 2 | PALO ALTO NETWORKS INC (PANW) | 0.0% | 8.5% | Entered the top 10 |
| 3 | LYFT INC (LYFT) | 6.6% | 6.5% | |
| 4 | MONOLITHIC PWR SYS INC (MPWR) | 3.6% | 6.1% | Entered the top 10 |
| 5 | UBER TECHNOLOGIES INC (UBER) | 0.0% | 6.1% | Entered the top 10 |
| 6 | EXPEDIA GROUP INC (EXPE) | 5.8% | 5.4% | |
| 7 | MARVELL TECHNOLOGY INC (MRVL) | 4.7% | 5.3% | |
| 8 | BOOKING HOLDINGS INC (BKNG) | 5.3% | 5.1% | |
| 9 | TESLA INC (TSLA) | 3.7% | 4.7% | |
| 10 | JUNIPER NETWORKS INC (JNPR) | 0.0% | 4.7% | Entered the top 10 |
| — | MICRON TECHNOLOGY INC (MU) | 10.4% | 0.0% | Left the top 10 |
| — | QUALCOMM INC (QCOM) | 7.2% | 2.8% | Left the top 10 |
| — | BROADCOM INC (AVGO) | 6.6% | 0.0% | Left the top 10 |
| — | MICROSOFT CORP (MSFT) | 5.3% | 2.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | TESLA INC (TSLA) | Put | 0 | 38,790 | $51.5M |
| New | ERICSSON (ERICY) | Call | 0 | 3.28M | $37M |
| New | NVIDIA CORPORATION (NVDA) | Put | 0 | 99,530 | $33.5M |
| Exited | TUSIMPLE HLDGS INC (TSPH) | Call | 399K | 0 | $0 |
| Exited | INVESCO EXCH TRADED FD TR II (TAN) | Put | 12,000 | 0 | $0 |