SEC 13F Intelligence

Managers / Q4 2019 · view latest →

CYPRESS FUNDS LLC

CIK 0001081198 · 515 S. FLOWER ST., SUITE 4150, LOS ANGELES, CA, 90071 · 213-891-6375

Reported Value
$539M
Q4 2019
Positions
15
Filings on Record
31
2019–present window
Filed
Feb 12, 2020
original filing

Summary

Cypress Funds LLC reported $539M in U.S.-listed holdings across 15 positions for Q4 2019.

Its largest position, ROKU, represents 12.7% of the portfolio.

Compared with Q3 2019, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+21.5%
vs prior filed quarter
Top-10 Concentration
+84.2%
share of reported value
Largest Position
+12.7%
Roku
New / Exited
4 / 3
positions this quarter

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

13F Reported Value
Q4 ’18: $401MQ4 ’18Q1 ’19: $630MQ2 ’19: $635MQ3 ’19: $513MQ4 ’19: $539MQ4 ’19Q1 ’20: $478MQ2 ’20: $734MQ3 ’20: $936MQ4 ’20: $1.1BQ4 ’20Q1 ’21: $1.1BQ2 ’21: $1.2BQ3 ’21: $1.2BQ4 ’21: $1.2BQ4 ’21Q1 ’22: $903MQ2 ’22: $637MQ3 ’22: $556MQ2 ’23: $796MQ2 ’23Q3 ’23: $744MQ4 ’23: $861MQ1 ’24: $932MQ2 ’24: $745MQ2 ’24Q3 ’24: $931MQ4 ’24: $922MQ1 ’25: $1.1BQ2 ’25: $1.2BQ2 ’25Q3 ’25: $763MQ4 ’25: $605MQ1 ’26: $398MQ2 ’26: $398MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.9%ADR: 7.1%
  • Common Stock · 92.9% · $501M
  • ADR · 7.1% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MAMASTERCARD INCNEW+86.5K86.5K+$26M$26M
AAPLAPPLE INCNEW+77.1K77.1K+$23M$23M
SPGIS&P GLOBAL INCNEW+17.3K17.3K+$5M$5M
QCOMQUALCOMM INCNEW+52.8K52.8K+$5M$5M
ZEN1EURZENDESK INCSOLD OUT−335.0K0−$24M$0
RNGRINGCENTRAL INCSOLD OUT−180.0K0−$23M$0
PGRPROGRESSIVE CORP OHIOSOLD OUT−250.0K0−$19M$0
FICOFAIR ISAAC CORPTRIMMED−105.0K100.0K−$25M$37M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ROKUROKU INChistory →COM CL A12.68%$68M510.5K
2AMZNAMAZON COM INChistory →COM12.54%$68M36.6K
3MSFTMICROSOFT CORPhistory →COM10.29%$55M351.8K
4METAFACEBOOK INChistory →CL A9.18%$50M241.3K
5LMTLOCKHEED MARTIN CORPhistory →COM8.06%$43M111.6K
6SESEA LTDhistory →SPONSORED ADS7.15%$39M958.6K
7FICOFAIR ISAAC CORPhistory →COM6.95%$37M100.0K
8CRMSALESFORCE COM INChistory →COM6.75%$36M223.8K
9DHIDR HORTON INChistory →COM5.50%$30M562.5K
10INTUINTUIT INChistory →COM5.15%$28M106.0K
11XPOXPO LOGISTICS INChistory →COM5.03%$27M340.0K
12MAMASTERCARD INChistory →CL A4.79%$26M86.5K
13AAPLAPPLE INChistory →COM4.20%$23M77.1K
14SPGIS&P GLOBAL INCCOM0.88%$5M17.3K
15QCOMQUALCOMM INCCOM0.86%$5M52.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$398M14Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$398M14May 12, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$605M14Jan 20, 202613F-HRchanges · EDGAR ↗
Q3 2025$763M15Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B16Jul 16, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.1B16May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$922M15Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$931M15Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$745M13Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$932M14May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$861M15Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$744M14Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$796M14Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review14May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review13Jan 30, 202313F-HRchanges · EDGAR ↗
Q3 2022$556M13Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$637M15Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$903M16May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.2B16Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.2B18Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B18Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.1B17May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B17Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$936M16Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$734M15Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$478M14May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$539M15Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$513M17Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$635M19Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$630M21May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$401M14Feb 7, 201913F-HRchanges · 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 ↗.