SEC 13F Intelligence

Managers / Q1 2020 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$478M
Q1 2020
Positions
14
Filings on Record
31
2019–present window
Filed
May 11, 2020
original filing

Summary

Cypress Funds LLC reported $478M in U.S.-listed holdings across 14 positions for Q1 2020.

Its largest position, AMZN, represents 14.9% of the portfolio.

Compared with Q4 2019, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+19.0%
vs prior filed quarter
Top-10 Concentration
+78.1%
share of reported value
Largest Position
+14.9%
Amazon Com
New / Exited
1 / 2
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: 93.1%ADR: 6.9%
  • Common Stock · 93.1% · $445M
  • ADR · 6.9% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVDANVIDIA CORPNEW+121.0K121.0K+$32M$32M
QCOMQUALCOMM INCADDED+347.5K400.3K+$22M$27M
SPGIS&P GLOBALADDED+109.8K127.2K+$26M$31M
INTUINTUIT INCSOLD OUT−106.0K0−$28M$0
XPOXPO LOGISTICS INCSOLD OUT−340.0K0−$27M$0
MAMASTERCARD INCADDED+55.2K141.7K+$8M$34M
ROKUROKU INCTRIMMED−223.6K286.9K−$43M$25M
DHIDR HORTON INCADDED+209.1K771.6K−$3M$26M

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

Holdings — Q1 2020

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM14.92%$71M36.6K
2MSFTMICROSOFT CORPhistory →COM10.81%$52M327.7K
3MAMASTERCARD INChistory →CL A7.16%$34M141.7K
4SESEA LTDhistory →SPONSORED ADS6.88%$33M742.9K
5FICOFAIR ISAAC CORPhistory →COM6.73%$32M104.5K
6NVDANVIDIA CORPhistory →COM6.67%$32M121.0K
7METAFACEBOOK INChistory →CL A6.52%$31M187.0K
8SPGIS&P GLOBALhistory →COM6.52%$31M127.2K
9LMTLOCKHEED MARTIN CORPhistory →COM6.13%$29M86.5K
10CRMSALESFORCE COM INChistory →COM5.76%$28M191.4K
11QCOMQUALCOMM INChistory →COM5.66%$27M400.3K
12AAPLAPPLE INChistory →COM5.50%$26M103.3K
13DHIDR HORTON INChistory →COM5.49%$26M771.6K
14ROKUROKU INChistory →COM CL A5.25%$25M286.9K

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 ↗.