Black Cypress Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Black Cypress Capital Management, LLC reported 32 stock positions worth $133.3 million. Its top holding was Wesco International (WCC) at 27.6% of the portfolio, followed by US Bancorp (USB, 11.7%) and Halliburton (HAL, 8.1%). Compared with Q2 2025, it opened 4 new positions, added to 19 and reduced 9. The biggest buy was Wesco International (WCC, shares +1%) and the biggest sale Starbucks (SBUX, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- PONTE VEDRA BEACH, FL
- CIK
- 0002022614
- Portfolio Value
- $133.3M (Q3 2025)
- SEC Filing
- 0002022614-25-000007 ↗ filed Nov 13, 2025
Holdings Value
Holdings 32 stocks · $133.3M
| WCC Wesco International Inc. | 27.59% | 173,941 | $36.8M | Add +0.8% |
| USB US Bancorp | 11.72% | 323,269 | $15.6M | Add +2.8% |
| HAL Halliburton Co. | 8.10% | 439,056 | $10.8M | Add +1.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 6.16% | 238,850 | $8.2M | Add +1.1% |
| META Meta Platforms Inc. Class A | 5.94% | 10,779 | $7.9M | Add +0.5% |
| WFC Wells Fargo & Co. | 5.39% | 85,666 | $7.2M | Reduce -5.8% |
| FBIN Fortune Brands Innovations I | 4.93% | 123,001 | $6.6M | Add +10.4% |
| FND Floor & Decor Holdings Inc. Class A | 4.74% | 85,815 | $6.3M | Add +2.2% |
| BF.B Brown-Forman Corp. Class B | 4.36% | 214,406 | $5.8M | Reduce -10.5% |
| DAL Delta Air Lines Inc. | 3.91% | 91,829 | $5.2M | Add +4.3% |
| CCL Carnival Corp. | 3.37% | 155,599 | $4.5M | Reduce -4.4% |
| UAL United Airlines Holdings Inc. | 3.31% | 45,665 | $4.4M | Add +2.1% |
| LOW Lowe's Cos Inc. | 2.99% | 15,887 | $4.0M | Add +11.2% |
| SBUX Starbucks Corp. | 2.82% | 44,487 | $3.8M | Reduce -15.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.03% | 15,753 | $1.4M | Add +3.6% |
| SCHF Schwab Intl Equity ETF | 0.70% | 40,025 | $932K | Add +2.5% |
| VEA Vanguard Ftse Developed ETF | 0.69% | 15,344 | $919K | Add +2.6% |
| IEMG iShares Core MSCI Emerging | 0.48% | 9,628 | $635K | Add +2.9% |
| OIH Vaneck Oil Services ETF | 0.47% | 2,397 | $623K | New |
| VWO Vanguard Ftse Emerging Marke | 0.43% | 10,538 | $571K | Add +2.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.19% | 11,096 | $259K | Add +19.4% |
| IVE iShares S&P 500 Value ETF | 0.10% | 653 | $135K | Reduce -3.3% |
| IVW iShares S&P 500 Growth ETF | 0.09% | 1,028 | $124K | Reduce -2.9% |
| IBTG iShares Ibonds Dec 2026 Term | 0.09% | 5,018 | $115K | Add +66.3% |
| BKR Baker Hughes Co. | 0.09% | 2,335 | $114K | Reduce -2.5% |
| JCI Johnson Controls Internation | 0.09% | 1,033 | $114K | Reduce -38.9% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.08% | 4,310 | $109K | Add +13.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.06% | 3,432 | $83K | Add +17.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.04% | 2,000 | $49K | New |
| IBTH iShares Ibonds Dec 2027 Term | 0.03% | 2,000 | $45K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 203 | $23K | Reduce -1.9% |
| STZ Constellation Brands Inc. Class A | 0.01% | 60 | $8K | New |
Portfolio Sells Q2 2025 → Q3 2025
| SBUX Starbucks Corp. | Reduce -15.9% | 2.82% | −1.14 |
| BF.B Brown-Forman Corp. Class B | Reduce -10.5% | 4.36% | −0.92 |
| WFC Wells Fargo & Co. | Reduce -5.8% | 5.39% | −0.58 |
| CCL Carnival Corp. | Reduce -4.4% | 3.37% | −0.37 |
| JCI Johnson Controls Internation | Reduce -38.9% | 0.09% | −0.06 |
| IVE iShares S&P 500 Value ETF | Reduce -3.3% | 0.10% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.9% | 0.02% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.9% | 0.09% | −0.00 |
| BKR Baker Hughes Co. | Reduce -2.5% | 0.09% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| WCC Wesco International Inc. | Add +0.8% | 27.59% | +1.44 |
| HAL Halliburton Co. | Add +1.9% | 8.10% | +0.92 |
| OIH Vaneck Oil Services ETF | New | 0.47% | +0.47 |
| LOW Lowe's Cos Inc. | Add +11.2% | 2.99% | +0.40 |
| UAL United Airlines Holdings Inc. | Add +2.1% | 3.31% | +0.39 |
| DAL Delta Air Lines Inc. | Add +4.3% | 3.91% | +0.37 |
| FBIN Fortune Brands Innovations I | Add +10.4% | 4.93% | +0.24 |
| USB US Bancorp | Add +2.8% | 11.72% | +0.08 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.04% | +0.04 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.03% | +0.03 |
| IBTG iShares Ibonds Dec 2026 Term | Add +66.3% | 0.09% | +0.03 |
| IBTF iShares Ibonds Dec 2025 Term | Add +19.4% | 0.19% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +2.9% | 0.48% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +2.6% | 0.43% | +0.01 |
| STZ Constellation Brands Inc. Class A | New | 0.01% | +0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Add +17.1% | 0.06% | +0.00 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +13.1% | 0.08% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.6% | 1.03% | −0.01 |
| SCHF Schwab Intl Equity ETF | Add +2.5% | 0.70% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +2.6% | 0.69% | −0.01 |
| SLB SLB Ltd. | Add +1.1% | 6.16% | −0.37 |
| FND Floor & Decor Holdings Inc. Class A | Add +2.2% | 4.74% | −0.47 |
| META Meta Platforms Inc. Class A | Add +0.5% | 5.94% | −0.54 |
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 |