SEC 13F Intelligence

Managers / Q1 2022 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$903M
Q1 2022
Positions
16
Filings on Record
31
2019–present window
Filed
May 12, 2022
original filing

Summary

Cypress Funds LLC reported $903M in U.S.-listed holdings across 16 positions for Q1 2022.

Its largest position, AMZN, represents 13.2% of the portfolio.

Compared with Q4 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+5.1%
vs prior filed quarter
Top-10 Concentration
+80.9%
share of reported value
Largest Position
+13.2%
Amazon Com
New / Exited
2 / 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: 90.8%ADR: 6.5%Other: 2.6%
  • Common Stock · 90.8% · $820M
  • ADR · 6.5% · $59M
  • Other · 2.6% · $24M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABOEING CO/THENEW+140.0K140.0K+$27M$27M
FORD MTR CO DELNEW+1.40M1.40M+$24M$24M
PYPLPAYPAL HLDGS INCSOLD OUT−113.0K0−$21M$0
LENLENNAR CORPTRIMMED−245.0K284.5K−$38M$23M
FFORD MTR CO DELTRIMMED−2.49M3.70M−$66M$63M
SESEA LTDTRIMMED−185.0K492.9K−$93M$59M
DHID R HORTON INCTRIMMED−235.0K741.6K−$51M$55M
CZRCAESARS ENTERTAINMENT INC NETRIMMED−80.0K360.0K−$13M$28M

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

Holdings — Q1 2022

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM13.22%$119M36.6K
2NVDANVIDIA CORPORATIONhistory →COM12.58%$114M416.0K
3MSFTMICROSOFT CORPhistory →COM11.77%$106M344.7K
4AAPLAPPLE INChistory →COM7.18%$65M371.3K
5FFORD MTR CO DELhistory →COM6.93%$63M3.70M
6SESEA LTDhistory →SPONSORD ADS6.54%$59M492.9K
7DHID R HORTON INChistory →COM6.12%$55M741.6K
8QCOMQUALCOMM INChistory →COM5.85%$53M345.3K
9FICOFAIR ISAAC CORPhistory →COM5.35%$48M103.5K
10SPGIS&P GLOBAL INChistory →COM5.33%$48M117.2K
11MAMASTERCARD INCORPORATEDhistory →CL A4.26%$38M107.7K
12ROKUROKU INChistory →COM CL A3.63%$33M261.9K
13CZRCAESARS ENTERTAINMENT INC NEhistory →COM3.09%$28M360.0K
14BABOEING CO/THEhistory →COM2.97%$27M140.0K
15LENLENNAR CORPhistory →CL A2.56%$23M284.5K

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 ↗.