Managers / Q4 2025 · 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 $605M in U.S.-listed holdings across 14 positions for Q4 2025.
Its largest position, AMZN, represents 13.5% of the portfolio.
Compared with Q3 2025, the fund opened 0 new positions 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 · 97.5% · $590M
- Other · 2.5% · $15M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CMGChipotle Mexican Grill Inc | SOLD OUT | −360.7K | 0 | −$14M | $0 |
| TYLTyler Technologies Inc | TRIMMED | −10.8K | 42.8K | −$9M | $19M |
| METAMeta Platforms Inc | TRIMMED | −14.0K | 55.5K | −$14M | $37M |
| NVDANVIDIA Corp | TRIMMED | −81.6K | 324.4K | −$15M | $61M |
| AVGOBroadcom Inc | TRIMMED | −29.1K | 115.8K | −$8M | $40M |
| CDNSCadence Design Systems Inc | TRIMMED | −25.0K | 99.8K | −$13M | $31M |
| MSFTMicrosoft Corp | TRIMMED | −39.6K | 158.2K | −$26M | $77M |
| AMZNAmazon.com Inc | TRIMMED | −88.5K | 353.7K | −$15M | $82M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AMZNAmazon.com Inchistory → | COM | 13.50% | $82M | 353.7K |
| 2 | MSFTMicrosoft Corphistory → | COM | 12.65% | $77M | 158.2K |
| 3 | NVDANVIDIA Corphistory → | COM | 10.01% | $61M | 324.4K |
| 4 | FICOFair Isaac Corphistory → | COM | 8.74% | $53M | 31.3K |
| 5 | SPGIS&P Global Inchistory → | COM | 7.31% | $44M | 84.6K |
| 6 | MAMastercard Inchistory → | CL A | 7.07% | $43M | 74.8K |
| 7 | AVGOBroadcom Inchistory → | COM | 6.63% | $40M | 115.8K |
| 8 | METAMeta Platforms Inchistory → | CL A | 6.06% | $37M | 55.5K |
| 9 | WMTWalmart Inchistory → | COM | 5.98% | $36M | 324.7K |
| 10 | T7DTransDigm Group Inchistory → | COM | 5.88% | $36M | 26.7K |
| 11 | AAPLApple Inchistory → | COM | 5.34% | $32M | 118.7K |
| 12 | CDNSCadence Design Systems Inchistory → | COM | 5.16% | $31M | 99.8K |
| 13 | TYLTyler Technologies Inchistory → | COM | 3.21% | $19M | 42.8K |
| 14 | ASML Holding NV | COM | 2.46% | $15M | 13.9K |
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 ↗.