SEC 13F Intelligence

Managers / Q3 2021 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$1.2B
Q3 2021
Positions
18
Filings on Record
31
2019–present window
Filed
Oct 28, 2021
original filing

Summary

Cypress Funds LLC reported $1.2B in U.S.-listed holdings across 18 positions for Q3 2021.

Its largest position, SE, represents 18.1% of the portfolio.

Compared with Q2 2021, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+75.1%
share of reported value
Largest Position
+18.1%
Sea
New / Exited
1 / 1
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: 81.9%ADR: 18.1%
  • Common Stock · 81.9% · $980M
  • ADR · 18.1% · $216M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COPCONOCOPHILLIPSNEW+750.0K750.0K+$51M$51M
NVDANVIDIA CORPORATIONADDED+312.0K416.0K+$3M$86M
TMUST-MOBILE US INCSOLD OUT−60.0K0−$9M$0
ROKUROKU INCHELD+0286.9K−$42M$90M
SESEA LTDHELD+0677.9K+$30M$216M
ZZILLOW GROUP INCHELD+0370.0K−$13M$33M
FICOFAIR ISAAC CORPHELD+0103.5K−$11M$41M
DHID R HORTON INCHELD+0976.6K−$6M$82M

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

Holdings — Q3 2021

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SESEA LTDhistory →SPONSORD ADS18.07%$216M677.9K
2AMZNAMAZON COM INChistory →COM10.05%$120M36.6K
3MSFTMICROSOFT CORPhistory →COM8.13%$97M344.7K
4ROKUROKU INChistory →COM CL A7.52%$90M286.9K
5NVDANVIDIA CORPORATIONhistory →COM7.21%$86M416.0K
6DHID R HORTON INChistory →COM6.86%$82M976.6K
7AAPLAPPLE INChistory →COM4.57%$55M386.3K
8QCOMQUALCOMM INChistory →COM4.32%$52M400.3K
9COPCONOCOPHILLIPShistory →COM4.25%$51M750.0K
10SPGIS&P GLOBAL INChistory →COM4.16%$50M117.2K
11LENLENNAR CORPhistory →CL A4.15%$50M529.5K
12CZRCAESARS ENTERTAINMENT INC NEhistory →COM4.13%$49M440.0K
13MAMASTERCARD INCORPORATEDhistory →CL A3.45%$41M118.7K
14FICOFAIR ISAAC CORPhistory →COM3.44%$41M103.5K
15FFORD MTR CO DELhistory →COM3.33%$40M2.81M
16ZZILLOW GROUP INChistory →CL C CAP STK2.73%$33M370.0K
17PYPLPAYPAL HLDGS INChistory →COM2.46%$29M113.0K

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 ↗.