Cypress Asset Management Inc.

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 15, 2025), Cypress Asset Management Inc. reported 108 stock positions worth $373.3 million. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Nvidia (NVDA, 5.3%). Compared with Q4 2024, it opened 5 new positions, sold out of 2, added to 36 and reduced 62. The biggest buy was Eli Lilly (LLY, shares +2%) and the biggest sale Nvidia (NVDA, shares −3%).

Most Recent 13F: Q2 2026
Location: HOUSTON, TX
CIK: 0001030618
Portfolio Value: $373.3M (Q1 2025)
SEC Filing: 0001085146-25-005318 ↗ filed Aug 15, 2025

Holdings Value

Holdings 108 stocks · $373.3M


AAPL Apple Inc.	6.73%	113,084	$25.1M	Reduce -1.6%
MSFT Microsoft Corp.	5.38%	53,537	$20.1M	Add +0.1%
NVDA Nvidia Corp.	5.26%	181,212	$19.6M	Reduce -3.3%
LLY Eli Lilly & Co.	4.96%	22,438	$18.5M	Add +2.1%
JPM JPMorgan Chase & Co.	3.89%	59,238	$14.5M	Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B	3.61%	25,319	$13.5M	Reduce -0.1%
AMZN Amazon.com Inc.	3.47%	68,179	$13.0M	Add +0.9%
AVGO Broadcom Inc.	3.05%	67,970	$11.4M	Add +0.7%
COST Costco Wholesale Corp.	2.89%	11,389	$10.8M	Reduce -1.3%
MA Mastercard Inc. Class A	2.77%	18,863	$10.3M	Reduce -2.9%
V Visa Inc. Class A	2.62%	27,871	$9.8M	Reduce -2.5%
GOOG Alphabet Inc. Class C	2.34%	55,949	$8.7M	Reduce -2.2%
MELI MercadoLibre Inc.	2.33%	4,464	$8.7M	Add +1.9%
PEP Pepsico Inc.	2.08%	51,816	$7.8M	Reduce -6.9%
GS Goldman Sachs Group Inc.	1.93%	13,161	$7.2M	Add +9.5%
META Meta Platforms Inc. Class A	1.82%	11,780	$6.8M	Add +14.0%
ADI Analog Devices Inc.	1.80%	33,299	$6.7M	Reduce -0.1%
HD Home Depot Inc.	1.73%	17,645	$6.5M	Reduce -0.8%
UNP Union Pacific Corp.	1.53%	24,216	$5.7M	Reduce -0.7%
JNJ Johnson & Johnson	1.47%	32,989	$5.5M	Reduce -8.7%
HON Honeywell International Inc.	1.42%	25,044	$5.3M	Reduce -2.3%
UNH Unitedhealth Group Inc.	1.42%	10,096	$5.3M	Reduce -0.6%
LIN Linde PLC	1.38%	11,080	$5.2M	Add +4.0%
ZTS Zoetis Inc.	1.28%	29,095	$4.8M	Add +5.6%
QCOM Qualcomm Inc.	1.22%	29,742	$4.6M	Reduce -4.6%
PG The Procter & Gamble Co.	1.16%	25,456	$4.3M	Reduce -1.6%
LOW Lowe's Cos Inc.	1.13%	18,086	$4.2M	Reduce -3.3%
GOOGL Alphabet Inc. Class A	1.13%	27,190	$4.2M	Reduce -1.9%
RTX RTX Corp.	1.12%	31,701	$4.2M	Reduce -1.9%
LMT Lockheed Martin Corp.	1.09%	9,131	$4.1M	Reduce -8.5%
PANW Palo Alto Networks Inc.	1.09%	23,870	$4.1M	Add +1.6%
ABT Abbott Laboratories	0.99%	27,909	$3.7M	Reduce -0.3%
EMR Emerson Electric Co.	0.94%	31,883	$3.5M	Add +6.0%
TSM Taiwan Semiconductor-SP ADR	0.93%	20,870	$3.5M	Reduce -1.1%
AMAT Applied Materials Inc.	0.91%	23,425	$3.4M	Reduce -2.4%
AMD Advanced Micro Devices	0.91%	32,960	$3.4M	Reduce -11.4%
DHR Danaher Corp.	0.87%	15,868	$3.3M	Reduce -1.8%
ADBE Adobe Inc.	0.83%	8,096	$3.1M	Reduce -1.9%
DE Deere & Co.	0.74%	5,869	$2.8M	Reduce -0.5%
SPGI S&P Global Inc.	0.71%	5,194	$2.6M	Add +0.5%
BLK BlackRock Inc.	0.65%	2,578	$2.4M	Reduce -2.7%
CL Colgate-Palmolive Co.	0.60%	23,959	$2.2M	Reduce -25.1%
MCD McDonald's Corp.	0.60%	7,150	$2.2M	Reduce -3.7%
TXN Texas Instruments Inc.	0.59%	12,334	$2.2M	Reduce -0.2%
XOM Exxon Mobil Corp.	0.59%	18,520	$2.2M	Add +20.9%
CVX Chevron Corp.	0.59%	13,123	$2.2M	Add +0.3%
YUM Yum! Brands Inc.	0.56%	13,202	$2.1M	Reduce -3.3%
ETN Eaton Corp. PLC	0.55%	7,571	$2.1M	Add +503.3%
QQQ Invesco QQQ Trust Series 1	0.51%	4,087	$1.9M	Add +9.9%
SNPS Synopsys Inc.	0.50%	4,337	$1.9M	Add +6.3%
PH Parker Hannifin Corp.	0.49%	2,996	$1.8M	Reduce -6.0%
MDT Medtronic PLC	0.41%	17,026	$1.5M	Reduce -2.9%
RSP Invesco S&P 500 Equal Weight	0.41%	8,792	$1.5M	Add +3.6%
MRK Merck & Co. Inc.	0.40%	16,477	$1.5M	Reduce -62.0%
ASML ASML Holding NV-NY Reg SHS	0.39%	2,225	$1.5M	Add +2.9%
TMO Thermo Fisher Scientific Inc.	0.39%	2,903	$1.4M	Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US	0.36%	2,397	$1.3M	Add +22.3%
NVO Novo-Nordisk A/S-Spons ADR	0.34%	18,395	$1.3M	Add +1.8%
XLI SS Industrial Select Sector	0.34%	9,734	$1.3M	Reduce -39.8%
KLAC KLA Corp.	0.34%	1,848	$1.3M	Add +4.2%
BDX Becton Dickinson and Co.	0.33%	5,362	$1.2M	Add +4.0%
AMGN Amgen Inc.	0.32%	3,817	$1.2M	Reduce -0.3%
XYL Xylem Inc.	0.29%	9,125	$1.1M	Add +0.7%
IHI iShares U.S. Medical Devices	0.29%	17,710	$1.1M	Reduce -12.8%
WM Waste Management Inc.	0.27%	4,306	$997K	Add +1.2%
TT Trane Technologies PLC	0.26%	2,895	$975K	Reduce -8.5%
PWR Quanta Services Inc.	0.26%	3,830	$974K	New
POWL Powell Industries Inc.	0.24%	5,180	$882K	New
WDAY Workday Inc. Class A	0.23%	3,744	$874K	Reduce -15.4%
CAT Caterpillar Inc.	0.23%	2,640	$871K	Reduce -0.8%
CNI Canadian Natl Railway Co.	0.21%	8,208	$800K	Reduce -4.7%
HUBB Hubbell Inc.	0.21%	2,378	$787K	New
ABBV Abbvie Inc.	0.21%	3,662	$767K	Reduce -2.3%
NVS Novartis AG-Sponsored ADR	0.21%	6,875	$766K	Reduce -2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.20%	18,102	$755K	Add +7.9%
MSCI MSCI Inc.	0.20%	1,300	$735K	Reduce -7.3%
CMI Cummins Inc.	0.18%	2,117	$664K	Reduce -5.1%
KO The Coca-Cola Co.	0.17%	8,629	$618K	Reduce -66.0%
NDAQ Nasdaq Inc.	0.16%	7,919	$601K	Reduce -3.7%
ANSS Ansys Inc.	0.16%	1,877	$594K	Reduce -10.8%
ITA iShares U.S. Aerospace & Def	0.15%	3,703	$567K	Reduce -8.2%
NEE Nextera Energy Inc.	0.15%	7,847	$556K	Reduce -3.1%
IEO iShares U.S. Oil & Gas Explo	0.15%	5,788	$547K	Reduce -14.8%
STZ Constellation Brands Inc. Class A	0.14%	2,942	$540K	Reduce -77.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.13%	4,130	$503K	Add +7.3%
APH Amphenol Corp. Class A	0.13%	7,469	$490K	New
FANG Diamondback Energy Inc.	0.13%	3,020	$483K	Add +5.4%
A Agilent Technologies Inc.	0.13%	4,094	$479K	Reduce -2.4%
GEV GE Vernova Inc.	0.12%	1,491	$455K	Add +7.3%
XLK SS Technology Select Sector	0.12%	2,194	$453K	Add +358.0%
CSCO Cisco Systems Inc.	0.12%	7,305	$451K	Reduce -5.2%
GLD SPDR Gold Shares	0.12%	1,507	$434K	Reduce -9.5%
WMT Walmart Inc.	0.11%	4,666	$410K	Reduce -8.7%
FCX Freeport-McMoran Inc.	0.10%	9,378	$355K	Add +3.1%
TSCO Tractor Supply Company	0.09%	6,350	$350K	No change
CTRA Coterra Energy Inc.	0.09%	11,540	$334K	Add +3.1%
BSX Boston Scientific Corp.	0.09%	3,150	$318K	No change
MDLZ Mondelez International Inc. Class A	0.08%	4,425	$300K	Reduce -61.7%
NFLX Netflix Inc.	0.08%	318	$297K	Add +7.8%
MCO Moody's Corp.	0.08%	626	$292K	Add +17.0%
NSC Norfolk Southern Corp.	0.08%	1,200	$284K	No change
EQIX Equinix Inc.	0.07%	324	$264K	No change
AZO AutoZone Inc.	0.07%	65	$248K	No change
XAR SS SPDR S&P Aerospace Def	0.06%	1,500	$241K	Reduce -9.9%
ALC Alcon Inc. filed as ALCON AG	0.06%	2,499	$237K	New
DUK Duke Energy Corp.	0.06%	1,908	$233K	Reduce -12.3%
ORCL Oracle Corp.	0.06%	1,655	$231K	Add +24.4%
KEYS Keysight Technologies Inc.	0.06%	1,481	$222K	Reduce -5.5%

Portfolio Sells Q4 2024 → Q1 2025


NVDA Nvidia Corp.	Reduce -3.3%	5.26%	−1.10
MRK Merck & Co. Inc.	Reduce -62.0%	0.40%	−0.69
AAPL Apple Inc.	Reduce -1.6%	6.73%	−0.59
STZ Constellation Brands Inc. Class A	Reduce -77.0%	0.14%	−0.57
GOOG Alphabet Inc. Class C	Reduce -2.2%	2.34%	−0.37
KO The Coca-Cola Co.	Reduce -66.0%	0.17%	−0.24
XLI SS Industrial Select Sector	Reduce -39.8%	0.34%	−0.23
AMD Advanced Micro Devices	Reduce -11.4%	0.91%	−0.22
GOOGL Alphabet Inc. Class A	Reduce -1.9%	1.13%	−0.20
LMT Lockheed Martin Corp.	Reduce -8.5%	1.09%	−0.15
CL Colgate-Palmolive Co.	Reduce -25.1%	0.60%	−0.12
TSM Taiwan Semiconductor-SP ADR	Reduce -1.1%	0.93%	−0.12
MDLZ Mondelez International Inc. Class A	Reduce -61.7%	0.08%	−0.09
ADBE Adobe Inc.	Reduce -1.9%	0.83%	−0.09
NKE Nike Inc. Class B	Sold out	0.00%	−0.08
TROW T Rowe Price Group Inc.	Sold out	0.00%	−0.07
AMAT Applied Materials Inc.	Reduce -2.4%	0.91%	−0.07
WDAY Workday Inc. Class A	Reduce -15.4%	0.23%	−0.06
PEP Pepsico Inc.	Reduce -6.9%	2.08%	−0.06
DHR Danaher Corp.	Reduce -1.8%	0.87%	−0.05
HON Honeywell International Inc.	Reduce -2.3%	1.42%	−0.04
LOW Lowe's Cos Inc.	Reduce -3.3%	1.13%	−0.03
TT Trane Technologies PLC	Reduce -8.5%	0.26%	−0.03
BLK BlackRock Inc.	Reduce -2.7%	0.65%	−0.03
HD Home Depot Inc.	Reduce -0.8%	1.73%	−0.02
CAT Caterpillar Inc.	Reduce -0.8%	0.23%	−0.02
ANSS Ansys Inc.	Reduce -10.8%	0.16%	−0.02
PH Parker Hannifin Corp.	Reduce -6.0%	0.49%	−0.02
CMI Cummins Inc.	Reduce -5.1%	0.18%	−0.02
MSCI MSCI Inc.	Reduce -7.3%	0.20%	−0.01
A Agilent Technologies Inc.	Reduce -2.4%	0.13%	−0.01
IHI iShares U.S. Medical Devices	Reduce -12.8%	0.29%	−0.01
IEO iShares U.S. Oil & Gas Explo	Reduce -14.8%	0.15%	−0.01
XAR SS SPDR S&P Aerospace Def	Reduce -9.9%	0.06%	−0.01
WMT Walmart Inc.	Reduce -8.7%	0.11%	−0.01
NDAQ Nasdaq Inc.	Reduce -3.7%	0.16%	−0.00
NEE Nextera Energy Inc.	Reduce -3.1%	0.15%	−0.00
KEYS Keysight Technologies Inc.	Reduce -5.5%	0.06%	−0.00
CNI Canadian Natl Railway Co.	Reduce -4.7%	0.21%	−0.00
ITA iShares U.S. Aerospace & Def	Reduce -8.2%	0.15%	+0.00
DUK Duke Energy Corp.	Reduce -12.3%	0.06%	+0.00
CSCO Cisco Systems Inc.	Reduce -5.2%	0.12%	+0.01
TXN Texas Instruments Inc.	Reduce -0.2%	0.59%	+0.01
GLD SPDR Gold Shares	Reduce -9.5%	0.12%	+0.02
ADI Analog Devices Inc.	Reduce -0.1%	1.80%	+0.02
NVS Novartis AG-Sponsored ADR	Reduce -2.9%	0.21%	+0.03
QCOM Qualcomm Inc.	Reduce -4.6%	1.22%	+0.03
ABBV Abbvie Inc.	Reduce -2.3%	0.21%	+0.04
MCD McDonald's Corp.	Reduce -3.7%	0.60%	+0.06
MDT Medtronic PLC	Reduce -2.9%	0.41%	+0.06

Portfolio Buys Q4 2024 → Q1 2025


LLY Eli Lilly & Co.	Add +2.1%	4.96%	+0.68
MELI MercadoLibre Inc.	Add +1.9%	2.33%	+0.47
ETN Eaton Corp. PLC	Add +503.3%	0.55%	+0.44
META Meta Platforms Inc. Class A	Add +14.0%	1.82%	+0.27
PWR Quanta Services Inc.	New	0.26%	+0.26
LIN Linde PLC	Add +4.0%	1.38%	+0.25
POWL Powell Industries Inc.	New	0.24%	+0.24
HUBB Hubbell Inc.	New	0.21%	+0.21
GS Goldman Sachs Group Inc.	Add +9.5%	1.93%	+0.18
XOM Exxon Mobil Corp.	Add +20.9%	0.59%	+0.17
ZTS Zoetis Inc.	Add +5.6%	1.28%	+0.14
APH Amphenol Corp. Class A	New	0.13%	+0.13
CVX Chevron Corp.	Add +0.3%	0.59%	+0.10
ALC Alcon Inc.	New	0.06%	+0.06
SPGI S&P Global Inc.	Add +0.5%	0.71%	+0.06
KLAC KLA Corp.	Add +4.2%	0.34%	+0.06
WM Waste Management Inc.	Add +1.2%	0.27%	+0.05
BDX Becton Dickinson and Co.	Add +4.0%	0.33%	+0.03
SPY SS SPDR S&P 500 ETF Trust-US	Add +22.3%	0.36%	+0.03
XYL Xylem Inc.	Add +0.7%	0.29%	+0.02
PANW Palo Alto Networks Inc.	Add +1.6%	1.09%	+0.02
TJX TJX Companies Inc.	Add +7.3%	0.13%	+0.02
CTRA Coterra Energy Inc.	Add +3.1%	0.09%	+0.02
BAC Bank of America Corp.	Add +7.9%	0.20%	+0.02
MCO Moody's Corp.	Add +17.0%	0.08%	+0.02
NFLX Netflix Inc.	Add +7.8%	0.08%	+0.01
ASML ASML Holding NV-NY Reg SHS	Add +2.9%	0.39%	+0.01
FANG Diamondback Energy Inc.	Add +5.4%	0.13%	+0.01
GEV GE Vernova Inc.	Add +7.3%	0.12%	+0.01
FCX Freeport-McMoran Inc.	Add +3.1%	0.10%	+0.01
TMO Thermo Fisher Scientific Inc.	Add +0.2%	0.39%	+0.01
RSP Invesco S&P 500 Equal Weight	Add +3.6%	0.41%	+0.00
ORCL Oracle Corp.	Add +24.4%	0.06%	−0.01
XLK SS Technology Select Sector	Add +358.0%	0.12%	−0.01
EMR Emerson Electric Co.	Add +6.0%	0.94%	−0.01
SNPS Synopsys Inc.	Add +6.3%	0.50%	−0.01
QQQ Invesco QQQ Trust Series 1	Add +9.9%	0.51%	−0.02
NVO Novo-Nordisk A/S-Spons ADR	Add +1.8%	0.34%	−0.06
AMZN Amazon.com Inc.	Add +0.9%	3.47%	−0.26
MSFT Microsoft Corp.	Add +0.1%	5.38%	−0.37
AVGO Broadcom Inc.	Add +0.7%	3.05%	−0.91

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