Black Cypress Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Black Cypress Capital Management, LLC reported 28 stock positions worth $122.3 million. Its top holding was Wesco International (WCC) at 26.1% of the portfolio, followed by US Bancorp (USB, 11.6%) and Halliburton (HAL, 7.2%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 12 and reduced 14. The biggest buy was a new position in Fortune Brands Innovations I (FBIN) and the biggest sale Johnson Controls Internation (JCI, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- PONTE VEDRA BEACH, FL
- CIK
- 0002022614
- Portfolio Value
- $122.3M (Q2 2025)
- SEC Filing
- 0002022614-25-000006 ↗ filed Aug 13, 2025
Holdings Value
Holdings 28 stocks · $122.3M
| WCC Wesco International Inc. | 26.15% | 172,640 | $32.0M | Add +11.5% |
| USB US Bancorp | 11.64% | 314,557 | $14.2M | Add +12.9% |
| HAL Halliburton Co. | 7.18% | 430,744 | $8.8M | Add +56.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 6.53% | 236,227 | $8.0M | Add +19.4% |
| META Meta Platforms Inc. Class A | 6.47% | 10,723 | $7.9M | Reduce -3.3% |
| WFC Wells Fargo & Co. | 5.96% | 90,987 | $7.3M | Reduce -31.2% |
| BF.B Brown-Forman Corp. Class B | 5.27% | 239,605 | $6.4M | Reduce -7.6% |
| FND Floor & Decor Holdings Inc. Class A | 5.22% | 83,964 | $6.4M | Add +140.0% |
| FBIN Fortune Brands Innovations I | 4.69% | 111,388 | $5.7M | New |
| SBUX Starbucks Corp. | 3.96% | 52,891 | $4.8M | Add +10.9% |
| CCL Carnival Corp. | 3.74% | 162,765 | $4.6M | Add +15.5% |
| DAL Delta Air Lines Inc. | 3.54% | 88,053 | $4.3M | Add +115.2% |
| UAL United Airlines Holdings Inc. | 2.91% | 44,723 | $3.6M | Add +37.4% |
| LOW Lowe's Cos Inc. | 2.59% | 14,293 | $3.2M | Add +3.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.04% | 15,200 | $1.3M | Reduce -19.1% |
| SCHF Schwab Intl Equity ETF | 0.71% | 39,049 | $863K | Reduce -29.5% |
| VEA Vanguard Ftse Developed ETF | 0.70% | 14,959 | $853K | Reduce -18.1% |
| IEMG iShares Core MSCI Emerging | 0.46% | 9,359 | $562K | Reduce -20.1% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 10,267 | $508K | Reduce -18.3% |
| IBTF iShares Ibonds Dec 2025 Term | 0.18% | 9,296 | $217K | Reduce -53.6% |
| JCI Johnson Controls Internation | 0.15% | 1,691 | $179K | Reduce -98.3% |
| IVE iShares S&P 500 Value ETF | 0.11% | 675 | $132K | Reduce -20.1% |
| IVW iShares S&P 500 Growth ETF | 0.10% | 1,059 | $117K | Reduce -18.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.08% | 3,810 | $96K | Reduce -72.6% |
| BKR Baker Hughes Co. | 0.08% | 2,394 | $92K | Reduce -95.9% |
| IBDR iShares Ibonds Dec 2026 Term | 0.06% | 2,932 | $71K | Add +183.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.06% | 3,018 | $69K | Add +175.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 207 | $26K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| JCI Johnson Controls Internation | Reduce -98.3% | 0.15% | −7.15 |
| BF.B Brown-Forman Corp. Class B | Reduce -7.6% | 5.27% | −2.75 |
| WFC Wells Fargo & Co. | Reduce -31.2% | 5.96% | −2.69 |
| BKR Baker Hughes Co. | Reduce -95.9% | 0.08% | −2.27 |
| SCHF Schwab Intl Equity ETF | Reduce -29.5% | 0.71% | −0.29 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -19.1% | 1.04% | −0.26 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -53.6% | 0.18% | −0.25 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -72.6% | 0.08% | −0.24 |
| VEA Vanguard Ftse Developed ETF | Reduce -18.1% | 0.70% | −0.15 |
| IEMG iShares Core MSCI Emerging | Reduce -20.1% | 0.46% | −0.12 |
| VWO Vanguard Ftse Emerging Marke | Reduce -18.3% | 0.42% | −0.10 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.10 |
| IVE iShares S&P 500 Value ETF | Reduce -20.1% | 0.11% | −0.04 |
| IVW iShares S&P 500 Growth ETF | Reduce -18.0% | 0.10% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -3.3% | 6.47% | +0.65 |
Portfolio Buys Q1 2025 → Q2 2025
| FBIN Fortune Brands Innovations I | New | 4.69% | +4.69 |
| WCC Wesco International Inc. | Add +11.5% | 26.15% | +4.24 |
| FND Floor & Decor Holdings Inc. Class A | Add +140.0% | 5.22% | +2.65 |
| DAL Delta Air Lines Inc. | Add +115.2% | 3.54% | +1.92 |
| CCL Carnival Corp. | Add +15.5% | 3.74% | +1.24 |
| USB US Bancorp | Add +12.9% | 11.64% | +0.92 |
| UAL United Airlines Holdings Inc. | Add +37.4% | 2.91% | +0.86 |
| HAL Halliburton Co. | Add +56.1% | 7.18% | +0.80 |
| IBDR iShares Ibonds Dec 2026 Term | Add +183.3% | 0.06% | +0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Add +175.9% | 0.06% | +0.03 |
| SBUX Starbucks Corp. | Add +10.9% | 3.96% | −0.30 |
| LOW Lowe's Cos Inc. | Add +3.9% | 2.59% | −0.33 |
| SLB SLB Ltd. | Add +19.4% | 6.53% | −1.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $149.6M | FND, USB, META, FBIN, AMZN |
| Q1 2026 | 31 | $139.3M | FND, USB, META, AMZN, DIS |
| Q4 2025 | 28 | $143.3M | WCC, USB, HAL, FND, SLB |
| Q3 2025 | 32 | $133.3M | WCC, USB, HAL, SLB, META |
| Q2 2025 | 28 | $122.3M | WCC, USB, HAL, SLB, META |
| Q1 2025 | 28 | $109.7M | WCC, USB, WFC, BF.B, SLB |
| Q4 2024 | 28 | $115.4M | WCC, USB, WFC, JCI, META |
| Q3 2024 | 31 | $111.4M | WCC, USB, WFC, META, JCI |
| Q2 2024 | 31 | $104.8M | WCC, WFC, META, USB, JCI |
| Q1 2024 | 29 | $106.8M | WCC, WFC, META, USB, JCI |