Cypress Asset Management Inc.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 24, 2025), Cypress Asset Management Inc. reported 105 stock positions worth $402.8 million. Its top holding was Apple (AAPL) at 7.3% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Microsoft (MSFT, 5.8%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 19 and reduced 76. The biggest buy was Goldman Sachs (GS, shares +41%) and the biggest sale Advanced Micro Devices (AMD, shares −1%).

Most Recent 13F: Q2 2026
Location: HOUSTON, TX
CIK: 0001030618
Portfolio Value: $402.8M (Q4 2024)
SEC Filing: 0001085146-25-001763 ↗ filed Feb 24, 2025

Holdings Value

Holdings 105 stocks · $402.8M


AAPL Apple Inc.	7.32%	114,870	$29.5M	Reduce -3.4%
NVDA Nvidia Corp.	6.36%	187,323	$25.6M	Reduce -9.6%
MSFT Microsoft Corp.	5.76%	53,505	$23.2M	Reduce -2.4%
LLY Eli Lilly & Co.	4.29%	21,972	$17.3M	Add +0.4%
AVGO Broadcom Inc.	3.96%	67,501	$15.9M	Reduce -0.9%
AMZN Amazon.com Inc.	3.73%	67,567	$15.0M	Reduce -1.9%
JPM JPMorgan Chase & Co.	3.63%	59,529	$14.6M	Reduce -2.3%
BRK.B Berkshire Hathaway Inc. Class B	2.92%	25,342	$11.8M	Reduce -3.0%
GOOG Alphabet Inc. Class C	2.72%	57,215	$10.9M	Reduce -1.3%
COST Costco Wholesale Corp.	2.67%	11,541	$10.8M	Reduce -1.0%
MA Mastercard Inc. Class A	2.57%	19,420	$10.3M	Reduce -1.4%
V Visa Inc. Class A	2.28%	28,591	$9.2M	Reduce -1.6%
PEP Pepsico Inc.	2.14%	55,634	$8.6M	Reduce -3.2%
MELI MercadoLibre Inc.	1.86%	4,379	$7.5M	Add +5.7%
ADI Analog Devices Inc.	1.78%	33,326	$7.2M	Reduce -0.9%
HD Home Depot Inc.	1.75%	17,784	$7.1M	Reduce -2.2%
GS Goldman Sachs Group Inc.	1.74%	12,022	$7.0M	Add +40.5%
META Meta Platforms Inc. Class A	1.54%	10,330	$6.2M	Add +10.2%
HON Honeywell International Inc.	1.46%	25,624	$5.9M	Reduce -2.1%
UNP Union Pacific Corp.	1.42%	24,382	$5.7M	Reduce -1.7%
GOOGL Alphabet Inc. Class A	1.33%	27,709	$5.4M	Reduce -3.2%
JNJ Johnson & Johnson	1.32%	36,126	$5.3M	Reduce -1.7%
UNH Unitedhealth Group Inc.	1.30%	10,158	$5.2M	Reduce -3.3%
LMT Lockheed Martin Corp.	1.24%	9,978	$5.0M	Reduce -3.0%
QCOM Qualcomm Inc.	1.19%	31,188	$4.8M	Add +0.1%
LOW Lowe's Cos Inc.	1.16%	18,711	$4.7M	Reduce -1.5%
ZTS Zoetis Inc.	1.14%	27,547	$4.6M	Reduce -0.5%
LIN Linde PLC	1.13%	10,652	$4.6M	Reduce -2.0%
AMD Advanced Micro Devices	1.12%	37,184	$4.5M	Reduce -0.9%
PG The Procter & Gamble Co.	1.09%	25,857	$4.4M	Reduce -2.7%
MRK Merck & Co. Inc.	1.09%	43,324	$4.4M	Reduce -1.3%
PANW Palo Alto Networks Inc.	1.07%	23,486	$4.3M	Add +2.3%
TSM Taiwan Semiconductor-SP ADR	1.05%	21,111	$4.2M	Reduce -1.0%
AMAT Applied Materials Inc.	0.98%	23,999	$3.9M	Reduce -0.2%
EMR Emerson Electric Co.	0.95%	30,070	$3.8M	Add +8.8%
RTX RTX Corp.	0.94%	32,310	$3.8M	Reduce -1.4%
DHR Danaher Corp.	0.93%	16,151	$3.7M	Reduce -1.5%
ADBE Adobe Inc.	0.92%	8,255	$3.7M	Reduce -1.3%
ABT Abbott Laboratories	0.79%	27,998	$3.2M	Reduce -1.3%
CL Colgate-Palmolive Co.	0.72%	31,993	$2.9M	Reduce -2.9%
STZ Constellation Brands Inc. Class A	0.71%	12,764	$2.9M	Reduce -8.0%
BLK BlackRock Inc.	0.68%	2,649	$2.7M	New
SPGI S&P Global Inc.	0.65%	5,169	$2.6M	Reduce -1.3%
DE Deere & Co.	0.64%	5,898	$2.6M	Reduce -3.3%
TXN Texas Instruments Inc.	0.59%	12,354	$2.4M	Reduce -1.9%
XLI SS Industrial Select Sector	0.57%	16,156	$2.3M	Reduce -7.0%
MCD McDonald's Corp.	0.54%	7,425	$2.2M	Reduce -1.6%
QQQ Invesco QQQ Trust Series 1	0.54%	3,719	$2.2M	Reduce -11.8%
SNPS Synopsys Inc.	0.51%	4,082	$2.1M	Add +34.6%
PH Parker Hannifin Corp.	0.50%	3,186	$2.0M	Reduce -0.6%
CVX Chevron Corp.	0.49%	13,083	$2.0M	Reduce -1.6%
YUM Yum! Brands Inc.	0.45%	13,653	$1.8M	Reduce -1.1%
XOM Exxon Mobil Corp.	0.42%	15,322	$1.7M	Add +13.0%
KO The Coca-Cola Co.	0.40%	25,345	$1.6M	Reduce -22.0%
RSP Invesco S&P 500 Equal Weight	0.40%	8,487	$1.6M	Add +36.3%
NVO Novo-Nordisk A/S-Spons ADR	0.40%	18,072	$1.6M	Reduce -4.9%
ASML ASML Holding NV-NY Reg SHS	0.39%	2,163	$1.6M	Reduce -6.4%
TMO Thermo Fisher Scientific Inc.	0.38%	2,897	$1.5M	Reduce -1.6%
MDT Medtronic PLC	0.35%	17,528	$1.4M	Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US	0.33%	1,960	$1.3M	Reduce -13.4%
BDX Becton Dickinson and Co.	0.30%	5,157	$1.2M	Reduce -3.5%
WDAY Workday Inc. Class A	0.29%	4,426	$1.2M	Reduce -5.0%
IHI iShares U.S. Medical Devices	0.29%	20,320	$1.2M	Reduce -11.0%
TT Trane Technologies PLC	0.29%	3,165	$1.2M	No change
KLAC KLA Corp.	0.28%	1,773	$1.1M	Add +6.5%
XYL Xylem Inc.	0.27%	9,059	$1.1M	Reduce -5.7%
AMGN Amgen Inc.	0.25%	3,829	$1.0M	Reduce -2.7%
CAT Caterpillar Inc.	0.25%	2,662	$1.0M	Reduce -3.5%
CNI Canadian Natl Railway Co.	0.22%	8,616	$875K	Add +1.0%
WM Waste Management Inc.	0.21%	4,256	$859K	Reduce -1.2%
MSCI MSCI Inc.	0.21%	1,403	$842K	Reduce -3.1%
CMI Cummins Inc.	0.19%	2,230	$777K	Add +3.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.19%	16,782	$751K	Reduce -2.1%
ANSS Ansys Inc.	0.18%	2,105	$710K	Reduce -1.7%
NVS Novartis AG-Sponsored ADR	0.17%	7,082	$704K	Reduce -11.0%
MDLZ Mondelez International Inc. Class A	0.17%	11,545	$690K	Reduce -34.0%
ABBV Abbvie Inc.	0.17%	3,748	$666K	Reduce -2.9%
NDAQ Nasdaq Inc.	0.17%	8,225	$665K	Reduce -2.7%
IEO iShares U.S. Oil & Gas Explo	0.15%	6,796	$624K	Reduce -18.6%
NEE Nextera Energy Inc.	0.15%	8,097	$616K	Reduce -7.1%
ITA iShares U.S. Aerospace & Def	0.15%	4,033	$601K	Reduce -52.5%
A Agilent Technologies Inc.	0.14%	4,194	$563K	No change
XLK SS Technology Select Sector	0.13%	479	$530K	Reduce -79.2%
FANG Diamondback Energy Inc.	0.12%	2,865	$487K	Add +69.5%
WMT Walmart Inc.	0.12%	5,109	$471K	Reduce -1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.12%	3,850	$465K	Reduce -6.1%
GEV GE Vernova Inc.	0.11%	1,390	$457K	New
CSCO Cisco Systems Inc.	0.11%	7,705	$456K	No change
ETN Eaton Corp. PLC	0.11%	1,255	$440K	Add +41.8%
GLD SPDR Gold Shares	0.10%	1,665	$403K	Add +8.5%
FCX Freeport-McMoran Inc.	0.09%	9,098	$351K	Add +1.0%
TSCO Tractor Supply Company	0.09%	6,350	$342K	Reduce -1.6%
NKE Nike Inc. Class B	0.08%	4,079	$309K	Reduce -49.6%
EQIX Equinix Inc.	0.08%	324	$305K	No change
CTRA Coterra Energy Inc.	0.07%	11,190	$295K	Reduce -10.1%
XAR SS SPDR S&P Aerospace Def	0.07%	1,665	$289K	Reduce -30.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.07%	2,509	$284K	No change
NSC Norfolk Southern Corp.	0.07%	1,200	$282K	No change
BSX Boston Scientific Corp.	0.07%	3,150	$281K	Add +5.0%
ORCL Oracle Corp.	0.07%	1,330	$276K	Reduce -19.6%
NFLX Netflix Inc.	0.07%	295	$263K	No change
MCO Moody's Corp.	0.06%	535	$253K	Reduce -0.9%
KEYS Keysight Technologies Inc.	0.06%	1,568	$252K	No change
DUK Duke Energy Corp.	0.06%	2,175	$234K	Add +3.6%
AZO AutoZone Inc.	0.05%	65	$208K	Reduce -4.4%

Portfolio Sells Q3 2024 → Q4 2024


AMD Advanced Micro Devices	Reduce -0.9%	1.12%	−0.41
PEP Pepsico Inc.	Reduce -3.2%	2.14%	−0.30
LMT Lockheed Martin Corp.	Reduce -3.0%	1.24%	−0.26
AMAT Applied Materials Inc.	Reduce -0.2%	0.98%	−0.23
UNH Unitedhealth Group Inc.	Reduce -3.3%	1.30%	−0.23
DHR Danaher Corp.	Reduce -1.5%	0.93%	−0.21
ZTS Zoetis Inc.	Reduce -0.5%	1.14%	−0.21
STZ Constellation Brands Inc. Class A	Reduce -8.0%	0.71%	−0.18
KO The Coca-Cola Co.	Reduce -22.0%	0.40%	−0.18
ITA iShares U.S. Aerospace & Def	Reduce -52.5%	0.15%	−0.17
NVO Novo-Nordisk A/S-Spons ADR	Reduce -4.9%	0.40%	−0.16
LIN Linde PLC	Reduce -2.0%	1.13%	−0.16
JNJ Johnson & Johnson	Reduce -1.7%	1.32%	−0.16
ADBE Adobe Inc.	Reduce -1.3%	0.92%	−0.16
MRK Merck & Co. Inc.	Reduce -1.3%	1.09%	−0.15
MDLZ Mondelez International Inc. Class A	Reduce -34.0%	0.17%	−0.15
ADI Analog Devices Inc.	Reduce -0.9%	1.78%	−0.14
CL Colgate-Palmolive Co.	Reduce -2.9%	0.72%	−0.13
LOW Lowe's Cos Inc.	Reduce -1.5%	1.16%	−0.12
MSFT Microsoft Corp.	Reduce -2.4%	5.76%	−0.12
UNP Union Pacific Corp.	Reduce -1.7%	1.42%	−0.10
NKE Nike Inc. Class B	Reduce -49.6%	0.08%	−0.10
ASML ASML Holding NV-NY Reg SHS	Reduce -6.4%	0.39%	−0.09
AZN Astrazeneca PLC-Spons ADR	Sold out	0.00%	−0.09
HD Home Depot Inc.	Reduce -2.2%	1.75%	−0.08
BRK.B Berkshire Hathaway Inc. Class B	Reduce -3.0%	2.92%	−0.08
TMO Thermo Fisher Scientific Inc.	Reduce -1.6%	0.38%	−0.07
TXN Texas Instruments Inc.	Reduce -1.9%	0.59%	−0.06
AMGN Amgen Inc.	Reduce -2.7%	0.25%	−0.06
PG The Procter & Gamble Co.	Reduce -2.7%	1.09%	−0.05
XYL Xylem Inc.	Reduce -5.7%	0.27%	−0.05
NVS Novartis AG-Sponsored ADR	Reduce -11.0%	0.17%	−0.05
LHX L3HARRIS Technologies Inc.	Sold out	0.00%	−0.05
RTX RTX Corp.	Reduce -1.4%	0.94%	−0.05
MDT Medtronic PLC	Reduce -0.8%	0.35%	−0.05
IHI iShares U.S. Medical Devices	Reduce -11.0%	0.29%	−0.04
IEO iShares U.S. Oil & Gas Explo	Reduce -18.6%	0.15%	−0.04
NEE Nextera Energy Inc.	Reduce -7.1%	0.15%	−0.03
MCD McDonald's Corp.	Reduce -1.6%	0.54%	−0.03
SPGI S&P Global Inc.	Reduce -1.3%	0.65%	−0.03
YUM Yum! Brands Inc.	Reduce -1.1%	0.45%	−0.03
BDX Becton Dickinson and Co.	Reduce -3.5%	0.30%	−0.02
ABBV Abbvie Inc.	Reduce -2.9%	0.17%	−0.02
XAR SS SPDR S&P Aerospace Def	Reduce -30.5%	0.07%	−0.02
XLI SS Industrial Select Sector	Reduce -7.0%	0.57%	−0.02
CAT Caterpillar Inc.	Reduce -3.5%	0.25%	−0.02
ABT Abbott Laboratories	Reduce -1.3%	0.79%	−0.01
WM Waste Management Inc.	Reduce -1.2%	0.21%	−0.01
TSCO Tractor Supply Company	Reduce -1.6%	0.09%	−0.01
TJX TJX Companies Inc.	Reduce -6.1%	0.12%	−0.00

Portfolio Buys Q3 2024 → Q4 2024


GS Goldman Sachs Group Inc.	Add +40.5%	1.74%	+0.69
BLK BlackRock Inc.	New	0.68%	+0.68
META Meta Platforms Inc. Class A	Add +10.2%	1.54%	+0.21
EMR Emerson Electric Co.	Add +8.8%	0.95%	+0.20
SNPS Synopsys Inc.	Add +34.6%	0.51%	+0.13
RSP Invesco S&P 500 Equal Weight	Add +36.3%	0.40%	+0.13
GEV GE Vernova Inc.	New	0.11%	+0.11
PANW Palo Alto Networks Inc.	Add +2.3%	1.07%	+0.09
FANG Diamondback Energy Inc.	Add +69.5%	0.12%	+0.05
ETN Eaton Corp. PLC	Add +41.8%	0.11%	+0.04
XOM Exxon Mobil Corp.	Add +13.0%	0.42%	+0.03
CMI Cummins Inc.	Add +3.2%	0.19%	+0.02
BSX Boston Scientific Corp.	Add +5.0%	0.07%	+0.01
GLD SPDR Gold Shares	Add +8.5%	0.10%	+0.01
DUK Duke Energy Corp.	Add +3.6%	0.06%	−0.00
FCX Freeport-McMoran Inc.	Add +1.0%	0.09%	−0.02
CNI Canadian Natl Railway Co.	Add +1.0%	0.22%	−0.03
KLAC KLA Corp.	Add +6.5%	0.28%	−0.04
QCOM Qualcomm Inc.	Add +0.1%	1.19%	−0.13
MELI MercadoLibre Inc.	Add +5.7%	1.86%	−0.26
LLY Eli Lilly & Co.	Add +0.4%	4.29%	−0.54

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	107	$513.6M	NVDA, AAPL, LLY, AVGO, JPM
Q1 2026	104	$431.2M	NVDA, AAPL, AVGO, LLY, MSFT
Q4 2025	105	$455.0M	NVDA, AAPL, MSFT, LLY, AVGO
Q3 2025	105	$439.5M	NVDA, AAPL, MSFT, AVGO, JPM
Q2 2025	111	$415.3M	NVDA, MSFT, AAPL, AVGO, LLY
Q1 2025	108	$373.3M	AAPL, MSFT, NVDA, LLY, JPM
Q4 2024	105	$402.8M	AAPL, NVDA, MSFT, LLY, AVGO
Q3 2024	105	$401.6M	AAPL, NVDA, MSFT, LLY, JPM
Q2 2024	104	$388.4M	NVDA, AAPL, MSFT, LLY, AMZN
Q1 2024	110	$368.7M	MSFT, AAPL, NVDA, LLY, JPM