SEC 13F Intelligence

Managers / Q3 2024 · view latest →

CYPRESS FUNDS LLC

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

Reported Value
$931M
Q3 2024
Positions
15
Filings on Record
31
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Cypress Funds LLC reported $931M in U.S.-listed holdings across 15 positions for Q3 2024.

Its largest position, FICO, represents 12.2% of the portfolio.

Compared with Q2 2024, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+4.7%
vs prior filed quarter
Top-10 Concentration
+71.4%
share of reported value
Largest Position
+12.2%
Fair Isaac

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: 81.1%ETP: 17.3%Other: 1.6%
  • Common Stock · 81.1% · $755M
  • ETP · 17.3% · $161M
  • Other · 1.6% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDQInvesco QQQ TrustNEW+330.0K330.0K+$161M$161M
T7DTransDigm Group IncNEW+21.7K21.7K+$31M$31M
AVGOBroadcom IncADDED+228.6K261.6K−$8M$45M
FICOFair Isaac CorpTRIMMED−13.4K58.4K+$7M$113M
NVDANVIDIA CorpTRIMMED−83.1K474.8K−$11M$58M
SPGIS&P Global IncHELD+0105.6K+$7M$55M
CDNSCadence Design Systems IncHELD+0178.9K−$7M$48M
METAMeta Platforms IncHELD+090.3K+$6M$52M

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

Holdings — Q3 2024

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FICOFair Isaac Corphistory →COM12.19%$113M58.4K
2MSFTMicrosoft Corphistory →COM11.52%$107M249.0K
3AMZNAmazon.com Inchistory →COM11.34%$106M566.5K
4NVDANVIDIA Corphistory →COM6.20%$58M474.8K
5SPGIS&P Global Inchistory →COM5.86%$55M105.6K
6METAMeta Platforms Inchistory →CL A5.56%$52M90.3K
7CDNSCadence Design Systems Inchistory →COM5.21%$48M178.9K
8MAMastercard Inchistory →CL A4.96%$46M93.5K
9AVGOBroadcom Inchistory →COM4.85%$45M261.6K
10AAPLApple Inchistory →COM3.71%$35M148.3K
11TYLTyler Technologies Inchistory →COM3.36%$31M53.6K
12T7DTransDigm Group Inchistory →COM3.33%$31M21.7K
13CMGChipotle Mexican Grill Inchistory →COM3.04%$28M490.8K
14ASML Holding NVCOM1.56%$14M17.4K

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 ↗.