Managers / Q4 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 $922M in U.S.-listed holdings across 15 positions for Q4 2024.
Its largest position, AMZN, represents 12.2% of the portfolio.
Compared with Q3 2024, the fund opened 1 new position and exited 1.
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 · 79.3% · $731M
- Other · 20.7% · $191M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INVESCO QQQ TR | NEW | +350.0K | 350.0K | +$179M | $179M |
| NDQInvesco QQQ Trust | SOLD OUT | −330.0K | 0 | −$161M | $0 |
| AVGOBROADCOM INC | TRIMMED | −92.5K | 169.1K | −$6M | $39M |
| FICOFAIR ISAAC CORP | TRIMMED | −19.4K | 38.9K | −$36M | $78M |
| AMZNAMAZON COM INC | TRIMMED | −54.5K | 512.0K | +$7M | $112M |
| NVDANVIDIA CORPORATION | HELD | +0 | 474.8K | +$6M | $64M |
| CDNSCADENCE DESIGN SYSTEM INC | HELD | +0 | 178.9K | +$5M | $54M |
| T7DTRANSDIGM GROUP INC | HELD | +0 | 21.7K | −$3M | $28M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AMZNAMAZON COM INChistory → | COM | 12.18% | $112M | 512.0K |
| 2 | MSFTMICROSOFT CORPhistory → | COM | 11.38% | $105M | 249.0K |
| 3 | FICOFAIR ISAAC CORPhistory → | COM | 8.40% | $78M | 38.9K |
| 4 | NVDANVIDIA CORPORATIONhistory → | COM | 6.91% | $64M | 474.8K |
| 5 | CDNSCADENCE DESIGN SYSTEM INChistory → | COM | 5.83% | $54M | 178.9K |
| 6 | METAMETA PLATFORMS INChistory → | CL A | 5.73% | $53M | 90.3K |
| 7 | SPGIS&P GLOBAL INChistory → | COM | 5.70% | $53M | 105.6K |
| 8 | MAMASTERCARD INCORPORATEDhistory → | CL A | 5.34% | $49M | 93.5K |
| 9 | AVGOBROADCOM INChistory → | COM | 4.25% | $39M | 169.1K |
| 10 | AAPLAPPLE INChistory → | COM | 4.03% | $37M | 148.3K |
| 11 | TYLTYLER TECHNOLOGIES INChistory → | COM | 3.35% | $31M | 53.6K |
| 12 | CMGCHIPOTLE MEXICAN GRILL INChistory → | COM | 3.21% | $30M | 490.8K |
| 13 | T7DTRANSDIGM GROUP INChistory → | COM | 2.99% | $28M | 21.7K |
| 14 | ASML HOLDING N V | COM | 1.31% | $12M | 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 ↗.