Managers / Q1 2019 · view latest →
CYPRESS FUNDS LLC
CIK 0001081198 · 515 S. FLOWER ST., SUITE 4150, LOS ANGELES, CA, 90071 · 213-891-6375
Summary
Cypress Funds LLC reported $630M in U.S.-listed holdings across 21 positions for Q1 2019.
Its largest position, BA, represents 11.4% of the portfolio.
Compared with Q4 2018, the fund opened 8 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 95.8% · $604M
- Other · 4.2% · $26M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2018 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FCXFREEPORT-MCMORAN INC | NEW | +2.45M | 2.45M | +$32M | $32M |
| MUMICRON TECHNOLOGY INC | NEW | +655.0K | 655.0K | +$27M | $27M |
| SEAGATE TECHNOLOGY PLC | NEW | +550.0K | 550.0K | +$26M | $26M |
| TWLOTWILIO INC | NEW | +180.0K | 180.0K | +$23M | $23M |
| ROKUROKU INC | NEW | +350.0K | 350.0K | +$23M | $23M |
| ZEN1EURZENDESK INC | NEW | +255.0K | 255.0K | +$22M | $22M |
| OKTAOKTA INC | NEW | +260.0K | 260.0K | +$22M | $22M |
| NFLXNETFLIX | NEW | +45.0K | 45.0K | +$16M | $16M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABOEING COhistory → | COM | 11.44% | $72M | 189.0K |
| 2 | AMZNAMAZON COM INChistory → | COM | 9.46% | $60M | 33.5K |
| 3 | INTUINTUIThistory → | COM | 7.05% | $44M | 170.0K |
| 4 | CRMSALESFORCE COM INChistory → | COM | 6.78% | $43M | 270.0K |
| 5 | UNHUNITEDHEALTH GROUP INChistory → | COM | 6.47% | $41M | 165.0K |
| 6 | MSFTMICROSOFT CORPhistory → | COM | 5.41% | $34M | 289.0K |
| 7 | LMTLOCKHEED MARTIN CORPhistory → | COM | 4.76% | $30M | 100.0K |
| 8 | LNGCHENIERE ENERGY INChistory → | COM NEW | 4.61% | $29M | 425.0K |
| 9 | MUMICRON TECHNOLOGY INChistory → | COM | 4.29% | $27M | 655.0K |
| 10 | RTN1USDRAYTHEON COhistory → | COM NEW | 4.19% | $26M | 145.0K |
| 11 | METAFACEBOOK INChistory → | CL A | 3.97% | $25M | 150.0K |
| 12 | TWLOTWILIO INChistory → | CL A | 3.69% | $23M | 180.0K |
| 13 | ROKUROKU INChistory → | CLA | 3.58% | $23M | 350.0K |
| 14 | ZEN1EURZENDESK INChistory → | COM | 3.44% | $22M | 255.0K |
| 15 | OKTAOKTA INChistory → | CLA | 3.41% | $22M | 260.0K |
| 16 | XPOXPO LOGISTICS INChistory → | COM | 2.86% | $18M | 335.0K |
| 17 | SEAGATE TECHNOLOGY PLC | SHS | 2.66% | $17M | 350.0K |
| 18 | NFLXNETFLIXhistory → | COM | 2.55% | $16M | 45.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $398M | 14 | Jul 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $398M | 14 | May 12, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2025 | $605M | 14 | Jan 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $763M | 15 | Nov 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.2B | 16 | Jul 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.1B | 16 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $922M | 15 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $931M | 15 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $745M | 13 | Aug 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $932M | 14 | May 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $861M | 15 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $744M | 14 | Nov 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $796M | 14 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | Under review | 14 | May 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 13 | Jan 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $556M | 13 | Nov 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $637M | 15 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $903M | 16 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $1.2B | 16 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $1.2B | 18 | Oct 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $1.2B | 18 | Aug 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $1.1B | 17 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.1B | 17 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $936M | 16 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $734M | 15 | Aug 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $478M | 14 | May 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $539M | 15 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $513M | 17 | Nov 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $635M | 19 | Aug 1, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $630M | 21 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $401M | 14 | Feb 7, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.