Managers / Q1 2026 · 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 $398M in U.S.-listed holdings across 14 positions for Q1 2026.
Its largest position, AMZN, represents 14.4% of the portfolio.
Compared with Q4 2025, 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 · 96.0% · $382M
- Tracking Stk · 4.0% · $16M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FWONKLibety Media Corp-Liberty Formula one | NEW | +185.4K | 185.4K | +$16M | $16M |
| ASML Holding NV | SOLD OUT | −13.9K | 0 | −$15M | $0 |
| AAPLApple Inc | TRIMMED | −71.4K | 47.3K | −$20M | $12M |
| TYLTyler Technologies Inc | TRIMMED | −10.0K | 32.8K | −$8M | $11M |
| T7DTransDigm Group Inc | TRIMMED | −6.0K | 20.7K | −$12M | $24M |
| AMZNAmazon.com Inc | TRIMMED | −79.5K | 274.2K | −$25M | $57M |
| MSFTMicrosoft Corp | TRIMMED | −35.5K | 122.7K | −$31M | $45M |
| SPGIS&P Global Inc | TRIMMED | −19.0K | 65.6K | −$16M | $28M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AMZNAmazon.com Inchistory → | COM | 14.36% | $57M | 274.2K |
| 2 | MSFTMicrosoft Corphistory → | COM | 11.42% | $45M | 122.7K |
| 3 | NVDANVIDIA Corphistory → | COM | 11.05% | $44M | 251.9K |
| 4 | WMTWalmart Inchistory → | COM | 7.88% | $31M | 252.1K |
| 5 | MAMastercard Inchistory → | CL A | 7.29% | $29M | 58.1K |
| 6 | SPGIS&P Global Inchistory → | COM | 7.02% | $28M | 65.6K |
| 7 | AVGOBroadcom Inchistory → | COM | 7.00% | $28M | 89.9K |
| 8 | FICOFair Isaac Corphistory → | COM | 6.52% | $26M | 24.3K |
| 9 | METAMeta Platforms Inchistory → | CL A | 6.20% | $25M | 43.1K |
| 10 | T7DTransDigm Group Inchistory → | COM | 6.03% | $24M | 20.7K |
| 11 | CDNSCadence Design Systems Inchistory → | COM | 5.41% | $22M | 77.5K |
| 12 | FWONKLibety Media Corp-Liberty Formula onehistory → | COM LBTY ONE S C | 3.96% | $16M | 185.4K |
| 13 | AAPLApple Inchistory → | COM | 3.02% | $12M | 47.3K |
| 14 | TYLTyler Technologies Inchistory → | COM | 2.82% | $11M | 32.8K |
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 ↗.