CF
Cypress Funds LLC SEC 13F Holdings (Q2 2026) — Top Position: AMAZON.COM INC
Cypress Funds LLCCIK: 0001081198
Quality / disciplined sizingSector-focusedLong-term holder
Total reported value
$314.1M
Reporting period: 2026-06-30 · Number of holdings: 14
CYPRESS FUNDS LLC disclosed 14 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $314.1M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 34.59
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 89.85
- Diversification
- 28
- Sizing Uniformity
- 95.24
Cypress Funds LLC's disclosed holdings carry a Herfindahl concentration index of 0.086 — mathematically equivalent to about 12 equally-sized positions, close to its 14 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.48), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd CDNS
-27.2% -$362.7K
Trim WMT
-27.7% -$10.7M
Add AVGO
-27.0% -$3.0M
Trim SPGI
-27.5% -$8.5M
Trim MSFT
-27.1% -$12.0M
Add AMZN
-27.6% -$9.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 15.07% | +0.71% | -27.61% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 11.76% | +0.71% | -26.70% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 10.62% | -0.80% | -27.07% | |
| 4 | AVGO | Broadcom Inc | Stock-Tech | 7.89% | +0.89% | -27.02% | |
| 5 | MA | Mastercard Inc - A | Stock-Financials | 6.91% | -0.39% | -27.19% | |
| 6 | FICO | Fair Isaac CORP | Stock-Tech | 6.74% | +0.22% | -27.00% | |
| 7 | CDNS | Cadence Design Sys Inc | Stock-Tech | 6.74% | +1.33% | -27.21% | |
| 8 | WMT | Walmart Inc | Stock-Consumer Staples | 6.57% | -1.31% | -27.72% | |
| 9 | TDG | Transdigm Group Inc | Stock-Industrials | 6.39% | +0.36% | -27.22% | |
| 10 | SPGI | S&p Global Inc | Stock-Financials | 6.17% | -0.85% | -27.49% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 5.62% | -0.58% | -27.37% | |
| 12 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 4.10% | +0.14% | -26.92% | |
| 13 | AAPL | Apple Inc | Stock-Tech | 3.20% | +0.18% | -26.68% | |
| 14 | TYL | Tyler Technologies Inc | Stock-Tech | 2.22% | -0.60% | -27.24% |
Portfolio Performance
Performance for Q3 2026
+0.6%
Performance Last 4 Quarters
+5.9%
- Stdev
- +18.9%
- Beta
- +1.3
- Alpha
- -5.9%
- Max Drawdown
- -14.7%
- Annualized Perf
- +20%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +2.16
- Stutzer
- +0.32
- Treynor
- +0.15
- Sterling
- +0.99
- Calmar
- +1.36
- Information Ratio
- +0.01
- Tracking Error
- +9.5%
- Stdev Down
- +9.3%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +49.5%
- Worst 12 Months
- +0.1%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.06
- Stdev Sectors
- +14.9%
- Skewness
- +0.44
- Kurtosis
- +0.2
- Upside Potential
- +3.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 14 | $314.1M | 0 | ||
| 2026 Q1 | 14 | $397.6M | 48 | ||
| 2025 Q4 | 14 | $604.7M | 23 | ||
| 2025 Q3 | 15 | $763.2M | 40 | ||
| 2025 Q2 | 16 | $1.2B | 0 | ||
| 2025 Q1 | 16 | $1.1B | 0 | ||
| 2024 Q4 | 15 | $922.4M | 0 | ||
| 2024 Q3 | 15 | $930.5M | 0 | ||
| 2024 Q2 | 13 | $745.2M | 0 | ||
| 2024 Q1 | 14 | $931.8M | 0 | ||
| 2023 Q4 | 15 | $860.6M | 0 | ||
| 2023 Q3 | 14 | $744.3M | 0 | ||
| 2023 Q2 | 14 | $795.7M | 0 | ||
| 2023 Q1 | 14 | $708.1M | 0 | ||
| 2022 Q4 | 13 | $574.5M | 0 | ||
| 2022 Q3 | 13 | $555.8M | 0 | ||
| 2022 Q2 | 15 | $636.9M | 0 | ||
| 2022 Q1 | 16 | $902.5M | 0 | ||
| 2021 Q4 | 16 | $1.2B | 0 | ||
| 2021 Q3 | 18 | $1.2B | 0 | ||
| 2021 Q2 | 18 | $1.2B | 100 | ||
| 2021 Q1 | 17 | $1.1B | 27 | ||
| 2020 Q4 | 17 | $1.1B | 19 | ||
| 2020 Q3 | 16 | $935.7M | 24 | ||
| 2020 Q2 | 15 | $733.5M | 42 | ||
| 2020 Q1 | 14 | $478.1M | 50 | ||
| 2019 Q4 | 15 | $539.2M | 48 | ||
| 2019 Q3 | 17 | $513.2M | 76 | ||
| 2019 Q2 | 19 | $635.0M | 45 | ||
| 2019 Q1 | 21 | $630.4M | 65 | ||
| 2018 Q4 | 14 | $401.2M | 51 | ||
| 2018 Q3 | 21 | $675.4M | 43 | ||
| 2018 Q2 | 21 | $639.8M | 75 | ||
| 2018 Q1 | 22 | $673.1M | 40 | ||
| 2017 Q4 | 20 | $578.4M | 36 | ||
| 2017 Q3 | 19 | $488.2M | 77 | ||
| 2017 Q2 | 20 | $508.8M | 100 | ||
| 2017 Q1 | 26 | $480.0M | 67 | ||
| 2016 Q4 | 29 | $593.7M | 61 | ||
| 2016 Q3 | 29 | $465.8M | 66 | ||
| 2016 Q2 | 23 | $423.5M | 68 | ||
| 2016 Q1 | 26 | $398.8M | 60 | ||
| 2015 Q4 | 24 | $393.3M | 58 | ||
| 2015 Q3 | 23 | $344.9M | 55 | ||
| 2015 Q2 | 22 | $330.9M | 100 | ||
| 2015 Q1 | 15 | $380.5M | 24 | ||
| 2014 Q4 | 14 | $379.5M | 72 | ||
| 2014 Q3 | 15 | $317.5M | 58 | ||
| 2014 Q2 | 17 | $382.7M | 33 | ||
| 2014 Q1 | 20 | $414.4M | 37 | ||
| 2013 Q4 | 19 | $354.8M | 64 | ||
| 2013 Q3 | 19 | $297.1M | 46 | ||
| 2013 Q2 | 16 | $267.6M | — |
Holding changes this quarter
Cypress Funds LLC's most significant position changes for 2026-06-30: Trim: Cadence Design Sys Inc (CDNS) — shares -27.21%; Trim: Walmart Inc (WMT) — shares -27.72%; Trim: Broadcom Inc (AVGO) — shares -27.02%; Trim: S&p Global Inc (SPGI) — shares -27.49%; Trim: Microsoft CORP (MSFT) — shares -27.07%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CDNS | Cadence Design Sys Inc | +1.3% | -27.21% | Trim |
| 2 | AVGO | Broadcom Inc | +0.9% | -27.02% | Trim |
| 3 | AMZN | Amazon.com Inc | +0.7% | -27.61% | Trim |
| 4 | NVDA | Nvidia CORP | +0.7% | -26.70% | Trim |
| 5 | TDG | Transdigm Group Inc | +0.4% | -27.22% | Trim |
| 6 | FICO | Fair Isaac CORP | +0.2% | -27.00% | Trim |
| 7 | AAPL | Apple Inc | +0.2% | -26.68% | Trim |
| 8 | FWONK | Liberty Media Corp-formula-c | +0.1% | -26.92% | Trim |
| 9 | MA | Mastercard Inc - A | -0.4% | -27.19% | Trim |
| 10 | META | Meta Platforms Inc-class A | -0.6% | -27.37% | Trim |
| 11 | TYL | Tyler Technologies Inc | -0.6% | -27.24% | Trim |
| 12 | MSFT | Microsoft CORP | -0.8% | -27.07% | Trim |
| 13 | SPGI | S&p Global Inc | -0.9% | -27.49% | Trim |
| 14 | WMT | Walmart Inc | -1.3% | -27.72% | Trim |
Filing History
FAQ
What is Cypress Funds LLC and what type of investor is it?
Cypress Funds LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $314.1M, spread across 14 disclosed positions.
What are Cypress Funds LLC's largest equity positions?
Based on the latest 13F filing, Cypress Funds LLC's top holdings by market value are:
1. Amazon.com Inc (AMZN) — $47.3M (15.1%)
2. Nvidia CORP (NVDA) — $36.9M (11.8%)
3. Microsoft CORP (MSFT) — $33.4M (10.6%)
4. Broadcom Inc (AVGO) — $24.8M (7.9%)
5. Mastercard Inc - A (MA) — $21.7M (6.9%)
What changes did Cypress Funds LLC make in its most recent portfolio filing?
In the latest quarter, Cypress Funds LLC took a more defensive posture — trimming 14 positions and completely exiting 0 holdings. The largest of these moves: Trim: Cadence Design Sys Inc (CDNS) — shares -27.21%; Trim: Walmart Inc (WMT) — shares -27.72%; Trim: Broadcom Inc (AVGO) — shares -27.02%; Trim: S&p Global Inc (SPGI) — shares -27.49%; Trim: Microsoft CORP (MSFT) — shares -27.07%
What sectors does Cypress Funds LLC focus on?
Cypress Funds LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 49.2%
• Consumer Discretionary: 15.1%
• Financials: 13.1%
• Communication Services: 9.7%
• Consumer Staples: 6.6%
• Industrials: 6.4%
Investment Profile
Cypress Funds LLC returned an annualized 20.0% over the trailing 36 months — underperforming the S&P 500 by 5.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.30 (more volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 49.2% of the portfolio concentrated in Information Technology.
Its concentration score has fallen from 55 to 35 over the past 4 quarters — a shift toward broader diversification.
It has trimmed its MSFT position for two straight quarters, cutting it by $43.1M while still holding $33.4M.
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Developer Access
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