SEC 13F Intelligence

Managers / Q2 2022 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$637M
Q2 2022
Positions
15
Filings on Record
31
2019–present window
Filed
Aug 2, 2022
original filing

Summary

Cypress Funds LLC reported $637M in U.S.-listed holdings across 15 positions for Q2 2022.

Its largest position, MSFT, represents 13.9% of the portfolio.

Compared with Q1 2022, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+1.7%
vs prior filed quarter
Top-10 Concentration
+83.1%
share of reported value
Largest Position
+13.9%
Microsoft

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: 94.8%ADR: 5.2%
  • Common Stock · 94.8% · $604M
  • ADR · 5.2% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMZNAMAZON COM INCADDED+334.7K371.3K−$69M$51M
FORD MTR CO DELSOLD OUT−1.40M0−$24M$0
AAPLAPPLE INCADDED+360.5K731.8K+$13M$78M
NVDANVIDIA CORPORATIONHELD+0416.0K−$50M$63M
SESEA LTDHELD+0492.9K−$26M$33M
FFORD MTR CO DELHELD+03.70M−$21M$41M
MSFTMICROSOFT CORPHELD+0344.7K−$18M$89M
CZRCAESARS ENTERTAINMENT INC NEHELD+0360.0K−$14M$14M

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

Holdings — Q2 2022

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM13.90%$89M344.7K
2AAPLAPPLE INChistory →COM12.20%$78M731.8K
3NVDANVIDIA CORPORATIONhistory →COM9.90%$63M416.0K
4AMZNAMAZON COM INChistory →COM7.97%$51M371.3K
5DHID R HORTON INChistory →COM7.71%$49M741.6K
6QCOMQUALCOMM INChistory →COM6.93%$44M345.3K
7FICOFAIR ISAAC CORPhistory →COM6.52%$41M103.5K
8FFORD MTR CO DELhistory →COM6.46%$41M3.70M
9SPGIS&P GLOBAL INChistory →COM6.20%$40M117.2K
10MAMASTERCARD INCORPORATEDhistory →CL A5.33%$34M107.7K
11SESEA LTDhistory →SPONSORD ADS5.17%$33M492.9K
12ROKUROKU INChistory →COM CL A3.38%$22M261.9K
13LENLENNAR CORPhistory →CL A3.15%$20M284.5K
14BABOEING CO/THEhistory →COM3.01%$19M140.0K
15CZRCAESARS ENTERTAINMENT INC NEhistory →COM2.17%$14M360.0K

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 ↗.