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CMG

Cavalry Management Group Portfolio holdings

AUM $22.3M
1-Year Est. Return 65.95%
This Fund
S&P 500
This Quarter Est. Return
+42.35%
1 Year Est. Return
+65.95%
3 Year Est. Return
+59.61%
5 Year Est. Return
+425.68%
10 Year Est. Return
–
AUM
$174M
AUM Growth
-$73.9M
Cap. Flow
-$123M
Cap. Flow %
-70.45%
Top 10 Hldgs %
86.33%
Holding
35
New
12
Increased
–
Reduced
7
Closed
16

Top Buys

Rank Stock Value
1
RBLX icon
Roblox
RBLX
+$19.4M
2
NOW icon
ServiceNow
NOW
+$13.8M
3
PANW icon
Palo Alto Networks
PANW
+$12.3M
4
ANET icon
Arista Networks
ANET
+$11.5M
5
MSFT icon
Microsoft
MSFT
+$9.5M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$30.1M
2
OKTA icon
Okta
OKTA
+$23.1M
3
META icon
Meta Platforms (Facebook)
META
+$23.1M
4
AMAT icon
Applied Materials
AMAT
+$16.8M
5
AMD icon
Advanced Micro Devices
AMD
+$15.6M

Sector Composition

Rank Sector Weight
1 Technology 59.79%
2 Communication Services 37.85%
3 Consumer Discretionary 1.95%
4 Utilities 0.39%
5 Industrials 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERIC icon
26
Ericsson
ERIC
$30.7B
– –
-1,250,185
Closed -$7.3M
ESTC icon
27
Elastic
ESTC
$6.1B
– –
-98,707
Closed -$5.08M
EXPE icon
28
Expedia Group
EXPE
$31.2B
– –
-32,958
Closed -$2.89M
LYFT icon
29
Lyft
LYFT
$5.39B
– –
-883,732
Closed -$9.74M
NOVA
30
DELISTED
Sunnova Energy
NOVA
– –
-18,570
Closed -$334K
OKTA icon
31
Okta
OKTA
$24.1B
– –
-338,460
Closed -$23.1M
RNW icon
32
ReNew
RNW
$2.24B
– –
-24,908
Closed -$137K
RPD icon
33
Rapid7
RPD
$634M
– –
-109,584
Closed -$3.72M
TTWO icon
34
Take-Two Interactive
TTWO
$43B
– –
-81,305
Closed -$8.47M
VZ icon
35
Verizon
VZ
$194B
– –
-374,299
Closed -$14.7M
1
2

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Cavalry Management Group's Q1 2023 Portfolio in Review

As of Q1 2023, Cavalry Management Group held 35 positions worth $174M, down 30% from $248M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Cavalry Management Group withdrew a net $123M in Q1 2023, closing 16 positions and reducing 7 holdings. Its most notable exit was Okta, an estimated $23.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 60% of assets, down from 64% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Cavalry Management Group opened a new position in Roblox worth $22.9M.

  • Cavalry Management Group's largest Q1 2023 buy was Roblox: 508,337 shares worth $22.9M.
  • Cavalry Management Group's biggest Q1 2023 reduction was Broadcom, cutting an estimated $30.1M.
  • Cavalry Management Group fully exited Okta in Q1 2023, selling an estimated $23.1M.
  • Cavalry Management Group's ten largest holdings make up 86% of its $174M portfolio in Q1 2023.
  • Cavalry Management Group opened 12 new positions and closed 16 in Q1 2023.
  • Cavalry Management Group's portfolio value fell 30% quarter-over-quarter to $174M.

Based on Cavalry Management Group's 13F filing for Q1 2023, filed 15 May 2023.