Black Cypress Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Black Cypress Capital Management, LLC reported 28 stock positions worth $143.3 million. Its top holding was Wesco International (WCC) at 23.2% of the portfolio, followed by US Bancorp (USB, 12.8%) and Halliburton (HAL, 8.6%). Compared with Q3 2025, it sold out of 4, added to 11 and reduced 17. The biggest buy was Floor & Decor Class A (FND, shares +135%) and the biggest sale Wesco International (WCC, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- PONTE VEDRA BEACH, FL
- CIK
- 0002022614
- Portfolio Value
- $143.3M (Q4 2025)
- SEC Filing
- 0002022614-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 28 stocks · $143.3M
| WCC Wesco International Inc. | 23.23% | 136,006 | $33.3M | Reduce -21.8% |
| USB US Bancorp | 12.82% | 344,130 | $18.4M | Add +6.5% |
| HAL Halliburton Co. | 8.59% | 435,271 | $12.3M | Reduce -0.9% |
| FND Floor & Decor Holdings Inc. Class A | 8.57% | 201,673 | $12.3M | Add +135.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 7.99% | 298,162 | $11.4M | Add +24.8% |
| META Meta Platforms Inc. Class A | 6.47% | 14,045 | $9.3M | Add +30.3% |
| FBIN Fortune Brands Innovations I | 5.27% | 150,825 | $7.5M | Add +22.6% |
| DAL Delta Air Lines Inc. | 4.42% | 91,247 | $6.3M | Reduce -0.6% |
| UAL United Airlines Holdings Inc. | 3.51% | 44,994 | $5.0M | Reduce -1.5% |
| BF.B Brown-Forman Corp. Class B | 3.37% | 185,022 | $4.8M | Reduce -13.7% |
| CCL Carnival Corp. | 3.32% | 155,582 | $4.8M | Reduce -0.0% |
| LOW Lowe's Cos Inc. | 2.93% | 17,434 | $4.2M | Add +9.7% |
| WFC Wells Fargo & Co. | 2.83% | 43,427 | $4.0M | Reduce -49.3% |
| SBUX Starbucks Corp. | 2.60% | 44,315 | $3.7M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.96% | 15,314 | $1.4M | Reduce -2.8% |
| SCHF Schwab Intl Equity ETF | 0.66% | 39,386 | $947K | Reduce -1.6% |
| VEA Vanguard Ftse Developed ETF | 0.66% | 15,121 | $945K | Reduce -1.4% |
| STZ Constellation Brands Inc. Class A | 0.59% | 6,076 | $838K | Add +10026.7% |
| IEMG iShares Core MSCI Emerging | 0.43% | 9,070 | $610K | Reduce -5.8% |
| VWO Vanguard Ftse Emerging Marke | 0.38% | 10,115 | $544K | Reduce -4.0% |
| IBTG iShares Ibonds Dec 2026 Term | 0.08% | 5,100 | $117K | Add +1.6% |
| IVE iShares S&P 500 Value ETF | 0.08% | 539 | $114K | Reduce -17.5% |
| IVW iShares S&P 500 Growth ETF | 0.07% | 839 | $103K | Reduce -18.4% |
| IBDR iShares Ibonds Dec 2026 Term | 0.06% | 3,500 | $85K | Add +2.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.06% | 3,300 | $80K | Add +65.0% |
| IBTH iShares Ibonds Dec 2027 Term | 0.05% | 3,300 | $74K | Add +65.0% |
| JCI Johnson Controls Internation | 0.02% | 188 | $23K | Reduce -81.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.01% | 152 | $17K | Reduce -25.1% |
Portfolio Sells Q3 2025 → Q4 2025
| WCC Wesco International Inc. | Reduce -21.8% | 23.23% | −4.37 |
| WFC Wells Fargo & Co. | Reduce -49.3% | 2.83% | −2.56 |
| BF.B Brown-Forman Corp. Class B | Reduce -13.7% | 3.37% | −0.99 |
| OIH Vaneck Oil Services ETF | Sold out | 0.00% | −0.47 |
| SBUX Starbucks Corp. | Reduce -0.4% | 2.60% | −0.22 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.19 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.09 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.08 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.8% | 0.96% | −0.08 |
| JCI Johnson Controls Internation | Reduce -81.8% | 0.02% | −0.07 |
| CCL Carnival Corp. | Reduce -0.0% | 3.32% | −0.06 |
| IEMG iShares Core MSCI Emerging | Reduce -5.8% | 0.43% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.0% | 0.38% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -1.6% | 0.66% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.4% | 0.66% | −0.03 |
| IVE iShares S&P 500 Value ETF | Reduce -17.5% | 0.08% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -18.4% | 0.07% | −0.02 |
| DIS The Walt Disney Co. | Reduce -25.1% | 0.01% | −0.01 |
| UAL United Airlines Holdings Inc. | Reduce -1.5% | 3.51% | +0.21 |
| HAL Halliburton Co. | Reduce -0.9% | 8.59% | +0.48 |
| DAL Delta Air Lines Inc. | Reduce -0.6% | 4.42% | +0.51 |
Portfolio Buys Q3 2025 → Q4 2025
| FND Floor & Decor Holdings Inc. Class A | Add +135.0% | 8.57% | +3.83 |
| SLB SLB Ltd. | Add +24.8% | 7.99% | +1.83 |
| USB US Bancorp | Add +6.5% | 12.82% | +1.10 |
| STZ Constellation Brands Inc. Class A | Add +10026.7% | 0.59% | +0.58 |
| META Meta Platforms Inc. Class A | Add +30.3% | 6.47% | +0.53 |
| FBIN Fortune Brands Innovations I | Add +22.6% | 5.27% | +0.34 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +65.0% | 0.06% | +0.02 |
| IBTH iShares Ibonds Dec 2027 Term | Add +65.0% | 0.05% | +0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Add +2.0% | 0.06% | −0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +1.6% | 0.08% | −0.00 |
| LOW Lowe's Cos Inc. | Add +9.7% | 2.93% | −0.06 |
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 |