SEC 13F Intelligence

Managers / Q3 2020 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$936M
Q3 2020
Positions
16
Filings on Record
31
2019–present window
Filed
Nov 12, 2020
original filing

Summary

Cypress Funds LLC reported $936M in U.S.-listed holdings across 16 positions for Q3 2020.

Its largest position, AMZN, represents 12.3% of the portfolio.

Compared with Q2 2020, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Top-10 Concentration
+71.8%
share of reported value
Largest Position
+12.3%
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: 88.8%ADR: 11.2%
  • Common Stock · 88.8% · $831M
  • ADR · 11.2% · $104M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LENLENNAR CORPNEW+539.5K539.5K+$44M$44M
AAPLAPPLE INCADDED+271.0K386.3K+$3M$45M
SPGIS&P GLOBALADDED+25.0K152.2K+$13M$55M
TMUST-MOBILE US INCADDED+60.0K380.0K+$10M$43M
LMTLOCKHEED MARTIN CORPADDED+16.0K110.0K+$8M$42M
NVDANVIDIA CORPTRIMMED−17.0K104.0K+$10M$56M
METAFACEBOOK INCTRIMMED−24.0K163.0K+$227,000$43M
DHIDR HORTON INCADDED+80.0K851.6K+$22M$64M

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

Holdings — Q3 2020

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM12.31%$115M36.6K
2SESEA LTDhistory →SPONSORD ADS11.16%$104M677.9K
3MSFTMICROSOFT CORPhistory →COM7.75%$72M344.7K
4DHIDR HORTON INChistory →COM6.88%$64M851.6K
5NVDANVIDIA CORPhistory →COM6.02%$56M104.0K
6SPGIS&P GLOBALhistory →COM5.87%$55M152.2K
7ROKUROKU INChistory →COM CL A5.79%$54M286.9K
8MAMASTERCARD INChistory →CL A5.55%$52M153.7K
9FICOFAIR ISAAC CORPhistory →COM5.30%$50M116.5K
10CRMSALESFORCE COM INChistory →COM5.14%$48M191.4K
11QCOMQUALCOMM INChistory →COM5.03%$47M400.3K
12AAPLAPPLE INChistory →COM4.78%$45M386.3K
13LENLENNAR CORPhistory →CL A4.71%$44M539.5K
14TMUST-MOBILE US INChistory →COM4.64%$43M380.0K
15METAFACEBOOK INChistory →CL A4.56%$43M163.0K
16LMTLOCKHEED MARTIN CORPhistory →COM4.51%$42M110.0K

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 ↗.