Managers / Q1 2024 · view latest →
CYPRESS FUNDS LLC
CIK 0001081198 · 515 S. FLOWER ST., SUITE 4150, LOS ANGELES, CA, 90071 · 213-891-6375
Summary
Cypress Funds LLC reported $932M in U.S.-listed holdings across 14 positions for Q1 2024.
Its largest position, NVDA, represents 14.5% of the portfolio.
Compared with Q4 2023, the fund opened 1 new position and exited 2.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 97.2% · $906M
- ADR · 2.8% · $26M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| METAMETA PLATFORMS INC | NEW | +104.0K | 104.0K | +$51M | $51M |
| BABOEING CO | SOLD OUT | −350.0K | 0 | −$91M | $0 |
| QCOMQUALCOMM INC | SOLD OUT | −124.0K | 0 | −$18M | $0 |
| AVGOBROADCOM INC | ADDED | +26.0K | 57.0K | +$41M | $76M |
| TYLTYLER TECHNOLOGIES INC | ADDED | +20.0K | 70.0K | +$9M | $30M |
| NVDANVIDIA CORPORATION | TRIMMED | −65.0K | 150.0K | +$29M | $136M |
| ROKUROKU INC | TRIMMED | −70.0K | 191.9K | −$11M | $13M |
| CDNSCADENCE DESIGN SYSTEMS INC | ADDED | +40.0K | 206.0K | +$19M | $64M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NVDANVIDIA CORPORATIONhistory → | COM | 14.55% | $136M | 150.0K |
| 2 | MSFTMICROSOFT CORPhistory → | COM | 14.34% | $134M | 317.7K |
| 3 | AMZNAMAZON COM INChistory → | COM | 12.63% | $118M | 652.3K |
| 4 | FICOFAIR ISAAC CORPhistory → | COM | 11.08% | $103M | 82.6K |
| 5 | AVGOBROADCOM INChistory → | COM | 8.11% | $76M | 57.0K |
| 6 | SPGIS&P GLOBAL INChistory → | COM | 6.95% | $65M | 152.2K |
| 7 | CDNSCADENCE DESIGN SYSTEMS INChistory → | COM | 6.88% | $64M | 206.0K |
| 8 | MAMASTERCARD INCORPORATEDhistory → | CL A | 5.56% | $52M | 107.7K |
| 9 | METAMETA PLATFORMS INChistory → | CL A | 5.42% | $51M | 104.0K |
| 10 | AAPLAPPLE INChistory → | COM | 3.61% | $34M | 196.3K |
| 11 | CMGCHIPOTLE MEXICAN GRILL INChistory → | COM | 3.53% | $33M | 11.3K |
| 12 | TYLTYLER TECHNOLOGIES INChistory → | COM | 3.19% | $30M | 70.0K |
| 13 | SESEA LTD - ADRhistory → | SPONSORD ADS | 2.81% | $26M | 487.9K |
| 14 | ROKUROKU INChistory → | COM CL A | 1.34% | $13M | 191.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $398M | 14 | Jul 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $398M | 14 | May 12, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2025 | $605M | 14 | Jan 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $763M | 15 | Nov 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.2B | 16 | Jul 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.1B | 16 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $922M | 15 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $931M | 15 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $745M | 13 | Aug 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $932M | 14 | May 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $861M | 15 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $744M | 14 | Nov 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $796M | 14 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | Under review | 14 | May 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 13 | Jan 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $556M | 13 | Nov 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $637M | 15 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $903M | 16 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $1.2B | 16 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $1.2B | 18 | Oct 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $1.2B | 18 | Aug 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $1.1B | 17 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.1B | 17 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $936M | 16 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $734M | 15 | Aug 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $478M | 14 | May 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $539M | 15 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $513M | 17 | Nov 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $635M | 19 | Aug 1, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $630M | 21 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $401M | 14 | Feb 7, 2019 | 13F-HR | changes · 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 ↗.