SEC 13F Intelligence

Managers / Q1 2021 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$1.1B
Q1 2021
Positions
17
Filings on Record
31
2019–present window
Filed
May 13, 2021
original filing

Summary

Cypress Funds LLC reported $1.1B in U.S.-listed holdings across 17 positions for Q1 2021.

Its largest position, SE, represents 14.3% of the portfolio.

Compared with Q4 2020, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+13.5%
vs prior filed quarter
Top-10 Concentration
+74.5%
share of reported value
Largest Position
+14.3%
Sea
New / Exited
2 / 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: 85.7%ADR: 14.3%
  • Common Stock · 85.7% · $905M
  • ADR · 14.3% · $151M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GMGENERAL MTRS CONEW+765.0K765.0K+$44M$44M
PYPLPAYPAL HLDGS INCNEW+113.0K113.0K+$27M$27M
ZZILLOW GROUP INCADDED+220.0K370.0K+$28M$48M
METAFACEBOOK INCSOLD OUT−163.0K0−$45M$0
LMTLOCKHEED MARTIN CORPSOLD OUT−60.0K0−$21M$0
CRMSALESFORCE COM INCTRIMMED−100.0K91.4K−$23M$19M
SPGIS&P GLOBALTRIMMED−35.0K117.2K−$9M$41M
MAMASTERCARD INCTRIMMED−35.0K118.7K−$13M$42M

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

Holdings — Q1 2021

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDhistory →SPONSORD ADS14.33%$151M677.9K
2AMZNAMAZON COM INChistory →COM10.72%$113M36.6K
3ROKUROKU INChistory →COM CL A8.85%$93M286.9K
4DHIDR HORTON INChistory →COM8.24%$87M976.6K
5MSFTMICROSOFT CORPhistory →COM7.70%$81M344.7K
6NVDANVIDIA CORPhistory →COM5.26%$56M104.0K
7LENLENNAR CORPhistory →CL A5.08%$54M529.5K
8QCOMQUALCOMM INChistory →COM5.03%$53M400.3K
9FICOFAIR ISAAC CORPhistory →COM4.76%$50M103.5K
10ZZILLOW GROUP INChistory →CL C CAP STK4.54%$48M370.0K
11TMUST-MOBILE US INChistory →COM4.51%$48M380.0K
12AAPLAPPLE INChistory →COM4.47%$47M386.3K
13GMGENERAL MTRS COhistory →COM4.16%$44M765.0K
14MAMASTERCARD INChistory →CL A4.00%$42M118.7K
15SPGIS&P GLOBALhistory →COM3.92%$41M117.2K
16PYPLPAYPAL HLDGS INChistory →COM2.60%$27M113.0K
17CRMSALESFORCE COM INChistory →COM1.83%$19M91.4K

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 ↗.