SEC 13F Intelligence

Managers / Q3 2023 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$744M
Q3 2023
Positions
14
Filings on Record
31
2019–present window
Filed
Nov 1, 2023
original filing

Summary

Cypress Funds LLC reported $744M in U.S.-listed holdings across 14 positions for Q3 2023.

Its largest position, MSFT, represents 14.6% of the portfolio.

The book was largely unchanged from Q2 2023.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+88.7%
share of reported value
Largest Position
+14.6%
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: 97.4%ADR: 2.6%
  • Common Stock · 97.4% · $725M
  • ADR · 2.6% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QCOMQUALCOMM INCTRIMMED−66.3K229.0K−$10M$25M
NVDANVIDIA CORPORATIONTRIMMED−35.5K230.0K−$12M$100M
AMZNAMAZON COM INCADDED+55.5K622.3K+$5M$79M
FFORD MTR COHELD+03.24M−$9M$40M
MSFTMICROSOFT CORPHELD+0344.7K−$9M$109M
BABOEING COHELD+0410.0K−$8M$79M
AAPLAPPLE INCHELD+0311.3K−$7M$53M
SESEA LTD - ADRHELD+0437.9K−$6M$19M

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

Holdings — Q3 2023

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM14.62%$109M344.7K
2NVDANVIDIA CORPORATIONhistory →COM13.44%$100M230.0K
3AMZNAMAZON COM INChistory →COM10.63%$79M622.3K
4BABOEING COhistory →COM10.56%$79M410.0K
5FICOFAIR ISAAC CORPhistory →COM10.34%$77M88.6K
6AAPLAPPLE INChistory →COM7.16%$53M311.3K
7SPGIS&P GLOBAL INChistory →COM5.75%$43M117.2K
8MAMASTERCARD INCORPORATEDhistory →CL A5.73%$43M107.7K
9FFORD MTR COhistory →COM5.41%$40M3.24M
10HESHESS CORPhistory →COM5.08%$38M247.3K
11QCOMQUALCOMM INChistory →COM3.42%$25M229.0K
12CMGCHIPOTLE MEXICAN GRILL INChistory →COM2.78%$21M11.3K
13SESEA LTD - ADRhistory →SPONSORD ADS2.59%$19M437.9K
14ROKUROKU INChistory →COM CL A2.48%$18M261.9K

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 ↗.