SEC 13F Intelligence

Managers / Q2 2020 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$734M
Q2 2020
Positions
15
Filings on Record
31
2019–present window
Filed
Aug 10, 2020
original filing

Summary

Cypress Funds LLC reported $734M in U.S.-listed holdings across 15 positions for Q2 2020.

Its largest position, AMZN, represents 13.8% of the portfolio.

Compared with Q1 2020, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Top-10 Concentration
+76.4%
share of reported value
Largest Position
+13.8%
Amazon Com

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: 89.1%ADR: 10.9%
  • Common Stock · 89.1% · $654M
  • ADR · 10.9% · $80M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TMUST-MOBILE US INCNEW+320.0K320.0K+$33M$33M
AAPLAPPLE INCADDED+12.0K115.3K+$16M$42M
FICOFAIR ISAAC CORPADDED+12.0K116.5K+$17M$49M
LMTLOCKHEED MARTIN CORPADDED+7.5K94.0K+$5M$34M
MAMASTERCARD INCADDED+12.0K153.7K+$11M$45M
MSFTMICROSOFT CORPADDED+17.0K344.7K+$18M$70M
SESEA LTDHELD+0742.9K+$47M$80M
AMZNAMAZON COM INCHELD+036.6K+$30M$101M

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

Holdings — Q2 2020

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM13.76%$101M36.6K
2SESEA LTDhistory →SPONSORED ADS10.86%$80M742.9K
3MSFTMICROSOFT CORPhistory →COM9.56%$70M344.7K
4FICOFAIR ISAAC CORPhistory →COM6.64%$49M116.5K
5NVDANVIDIA CORPhistory →COM6.27%$46M121.0K
6MAMASTERCARD INChistory →CL A6.19%$45M153.7K
7DHIDR HORTON INChistory →COM5.83%$43M771.6K
8METAFACEBOOK INChistory →CL A5.79%$42M187.0K
9AAPLAPPLE INChistory →COM5.74%$42M115.3K
10SPGIS&P GLOBALhistory →COM5.71%$42M127.2K
11QCOMQUALCOMM INChistory →COM4.98%$37M400.3K
12CRMSALESFORCE COM INChistory →COM4.89%$36M191.4K
13LMTLOCKHEED MARTIN CORPhistory →COM4.68%$34M94.0K
14ROKUROKU INChistory →COM CL A4.56%$33M286.9K
15TMUST-MOBILE US INChistory →COM4.54%$33M320.0K

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 ↗.