Black Cypress Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Black Cypress Capital Management, LLC reported 31 stock positions worth $139.3 million. Its top holding was Floor & Decor Class A (FND) at 12.2% of the portfolio, followed by US Bancorp (USB, 11.7%) and Meta Platforms Class A (META, 10.9%). Compared with Q4 2025, it opened 3 new positions, added to 14 and reduced 8. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Wesco International (WCC, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- PONTE VEDRA BEACH, FL
- CIK
- 0002022614
- Portfolio Value
- $139.3M (Q1 2026)
- SEC Filing
- 0002022614-26-000002 ↗ filed May 13, 2026
Holdings Value
Holdings 31 stocks · $139.3M
| FND Floor & Decor Holdings Inc. Class A | 12.15% | 333,173 | $16.9M | Add +65.2% |
| USB US Bancorp | 11.75% | 314,603 | $16.4M | Reduce -8.6% |
| META Meta Platforms Inc. Class A | 10.94% | 26,635 | $15.2M | Add +89.6% |
| AMZN Amazon.com Inc. | 8.70% | 58,169 | $12.1M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 8.48% | 122,506 | $11.8M | Add +80496.1% |
| WCC Wesco International Inc. | 7.30% | 37,142 | $10.2M | Reduce -72.7% |
| FBIN Fortune Brands Innovations I | 6.54% | 233,607 | $9.1M | Add +54.9% |
| SLB SLB Ltd. filed as SLB LIMITED | 5.09% | 138,040 | $7.1M | Reduce -53.7% |
| HAL Halliburton Co. | 4.86% | 173,543 | $6.8M | Reduce -60.1% |
| CCL Carnival Corp. | 4.69% | 252,220 | $6.5M | Add +62.1% |
| UAL United Airlines Holdings Inc. | 4.26% | 64,408 | $5.9M | Add +43.1% |
| WFC Wells Fargo & Co. | 3.35% | 58,648 | $4.7M | Add +35.0% |
| BF.B Brown-Forman Corp. Class B | 3.24% | 170,481 | $4.5M | Reduce -7.9% |
| LULU Lululemon Athletica Inc. | 2.91% | 26,487 | $4.1M | New |
| IEFA iShares Core MSCI Eafe ETF | 1.09% | 16,761 | $1.5M | Add +9.4% |
| DAL Delta Air Lines Inc. | 0.97% | 20,393 | $1.4M | Reduce -77.7% |
| SCHF Schwab Intl Equity ETF | 0.71% | 40,085 | $992K | Add +1.8% |
| VEA Vanguard Ftse Developed ETF | 0.70% | 15,232 | $976K | Add +0.7% |
| STZ Constellation Brands Inc. Class A | 0.65% | 6,076 | $911K | No change |
| IEMG iShares Core MSCI Emerging | 0.49% | 9,722 | $678K | Add +7.2% |
| VWO Vanguard Ftse Emerging Marke | 0.41% | 10,644 | $575K | Add +5.2% |
| LOW Lowe's Cos Inc. | 0.19% | 1,116 | $264K | Reduce -93.6% |
| IBTH iShares Ibonds Dec 2027 Term | 0.10% | 6,500 | $146K | Add +97.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.10% | 5,800 | $141K | Add +75.8% |
| IBTG iShares Ibonds Dec 2026 Term | 0.08% | 5,100 | $117K | No change |
| IVE iShares S&P 500 Value ETF | 0.08% | 539 | $114K | No change |
| IVW iShares S&P 500 Growth ETF | 0.07% | 839 | $95K | No change |
| IBDR iShares Ibonds Dec 2026 Term | 0.06% | 3,500 | $85K | No change |
| SBUX Starbucks Corp. | 0.02% | 371 | $33K | Reduce -99.2% |
| JCI Johnson Controls Internation | 0.02% | 188 | $25K | No change |
| NKE Nike Inc. Class B | 0.00% | 94 | $5K | New |
Portfolio Sells Q4 2025 → Q1 2026
| WCC Wesco International Inc. | Reduce -72.7% | 7.30% | −15.93 |
| HAL Halliburton Co. | Reduce -60.1% | 4.86% | −3.73 |
| DAL Delta Air Lines Inc. | Reduce -77.7% | 0.97% | −3.45 |
| SLB SLB Ltd. | Reduce -53.7% | 5.09% | −2.90 |
| LOW Lowe's Cos Inc. | Reduce -93.6% | 0.19% | −2.75 |
| SBUX Starbucks Corp. | Reduce -99.2% | 0.02% | −2.58 |
| USB US Bancorp | Reduce -8.6% | 11.75% | −1.07 |
| BF.B Brown-Forman Corp. Class B | Reduce -7.9% | 3.24% | −0.13 |
Portfolio Buys Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | New | 8.70% | +8.70 |
| DIS The Walt Disney Co. | Add +80496.1% | 8.48% | +8.46 |
| META Meta Platforms Inc. Class A | Add +89.6% | 10.94% | +4.47 |
| FND Floor & Decor Holdings Inc. Class A | Add +65.2% | 12.15% | +3.58 |
| LULU Lululemon Athletica Inc. | New | 2.91% | +2.91 |
| CCL Carnival Corp. | Add +62.1% | 4.69% | +1.37 |
| FBIN Fortune Brands Innovations I | Add +54.9% | 6.54% | +1.27 |
| UAL United Airlines Holdings Inc. | Add +43.1% | 4.26% | +0.75 |
| WFC Wells Fargo & Co. | Add +35.0% | 3.35% | +0.53 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.4% | 1.09% | +0.13 |
| IEMG iShares Core MSCI Emerging | Add +7.2% | 0.49% | +0.06 |
| IBTH iShares Ibonds Dec 2027 Term | Add +97.0% | 0.10% | +0.05 |
| SCHF Schwab Intl Equity ETF | Add +1.8% | 0.71% | +0.05 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +75.8% | 0.10% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 0.70% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +5.2% | 0.41% | +0.03 |
| NKE Nike Inc. Class B | New | 0.00% | +0.00 |
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 |