Managers / Q2 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 $745M in U.S.-listed holdings across 13 positions for Q2 2024.
Its largest position, MSFT, represents 14.9% of the portfolio.
Compared with Q1 2024, 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 · 97.6% · $727M
- Other · 2.4% · $18M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ASML Holding NV | NEW | +17.4K | 17.4K | +$18M | $18M |
| CMGChipotle Mexican Grill Inc | ADDED | +479.4K | 490.8K | −$2M | $31M |
| NVDANVIDIA Corp | ADDED | +407.9K | 557.9K | −$67M | $69M |
| SESEA LTD - ADR | SOLD OUT | −487.9K | 0 | −$26M | $0 |
| ROKUROKU INC | SOLD OUT | −191.9K | 0 | −$13M | $0 |
| AVGOBroadcom Inc | TRIMMED | −24.0K | 33.0K | −$23M | $53M |
| SPGIS&P Global Inc | TRIMMED | −46.6K | 105.6K | −$18M | $47M |
| AAPLApple Inc | TRIMMED | −48.0K | 148.3K | −$2M | $31M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MSFTMicrosoft Corphistory → | COM | 14.94% | $111M | 249.0K |
| 2 | AMZNAmazon.com Inchistory → | COM | 14.69% | $109M | 566.5K |
| 3 | FICOFair Isaac Corphistory → | COM | 14.33% | $107M | 71.7K |
| 4 | NVDANVIDIA Corphistory → | COM | 9.25% | $69M | 557.9K |
| 5 | CDNSCadence Design Systems Inchistory → | COM | 7.39% | $55M | 178.9K |
| 6 | AVGOBroadcom Inchistory → | COM | 7.11% | $53M | 33.0K |
| 7 | SPGIS&P Global Inchistory → | COM | 6.32% | $47M | 105.6K |
| 8 | METAMeta Platforms Inchistory → | CL A | 6.11% | $46M | 90.3K |
| 9 | MAMastercard Inchistory → | CL A | 5.54% | $41M | 93.5K |
| 10 | AAPLApple Inchistory → | COM | 4.19% | $31M | 148.3K |
| 11 | CMGChipotle Mexican Grill Inchistory → | COM | 4.13% | $31M | 490.8K |
| 12 | TYLTyler Technologies Inchistory → | COM | 3.62% | $27M | 53.6K |
| 13 | ASML Holding NV | COM | 2.38% | $18M | 17.4K |
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 ↗.