Cypress Asset Management Inc.

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Cypress Asset Management Inc. reported 105 stock positions worth $439.5 million. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Apple (AAPL, 6.3%) and Microsoft (MSFT, 6.2%). Compared with Q2 2025, it sold out of 6, added to 19 and reduced 71. The biggest buy was Netflix (NFLX, shares +452%) and the biggest sale Eli Lilly (LLY, shares −1%).

Most Recent 13F: Q2 2026
Location: HOUSTON, TX
CIK: 0001030618
Portfolio Value: $439.5M (Q3 2025)
SEC Filing: 0001030618-25-000002 ↗ filed Nov 12, 2025

Holdings Value

Holdings 105 stocks · $439.5M


NVDA Nvidia Corp.	7.48%	176,126	$32.9M	Reduce -3.0%
AAPL Apple Inc.	6.31%	109,003	$27.8M	Reduce -2.6%
MSFT Microsoft Corp.	6.22%	52,811	$27.4M	Reduce -1.5%
AVGO Broadcom Inc.	5.23%	69,623	$23.0M	Reduce -0.7%
JPM JPMorgan Chase & Co.	4.26%	59,335	$18.7M	Reduce -0.9%
LLY Eli Lilly & Co.	3.94%	22,701	$17.3M	Reduce -1.1%
AMZN Amazon.com Inc.	3.44%	68,843	$15.1M	Reduce -0.5%
MELI MercadoLibre Inc.	2.91%	5,475	$12.8M	Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B	2.88%	25,136	$12.6M	Reduce -0.6%
GOOG Alphabet Inc. Class C	2.60%	46,980	$11.4M	Reduce -0.9%
GS Goldman Sachs Group Inc.	2.54%	13,996	$11.1M	Add +3.9%
COST Costco Wholesale Corp.	2.53%	12,037	$11.1M	Add +1.4%
MA Mastercard Inc. Class A	2.37%	18,314	$10.4M	Reduce -1.6%
META Meta Platforms Inc. Class A	2.23%	13,371	$9.8M	Add +2.2%
V Visa Inc. Class A	2.10%	27,013	$9.2M	Reduce -1.9%
ADI Analog Devices Inc.	1.84%	32,945	$8.1M	Reduce -2.0%
HD Home Depot Inc.	1.62%	17,545	$7.1M	Reduce -0.9%
PEP Pepsico Inc.	1.60%	49,934	$7.0M	Reduce -1.8%
JNJ Johnson & Johnson	1.41%	33,538	$6.2M	Reduce -1.0%
TSM Taiwan Semiconductor-SP ADR	1.36%	21,402	$6.0M	Add +2.5%
UNP Union Pacific Corp.	1.30%	24,166	$5.7M	Reduce -0.7%
LIN Linde PLC	1.22%	11,331	$5.4M	Add +0.2%
RTX RTX Corp.	1.20%	31,469	$5.3M	Reduce -1.0%
AMD Advanced Micro Devices	1.20%	32,485	$5.3M	Reduce -0.6%
HON Honeywell International Inc.	1.19%	24,835	$5.2M	Reduce -1.0%
PANW Palo Alto Networks Inc.	1.14%	24,635	$5.0M	Add +1.0%
QCOM Qualcomm Inc.	1.11%	29,266	$4.9M	Reduce -1.6%
AMAT Applied Materials Inc.	1.10%	23,629	$4.8M	Reduce -1.4%
LMT Lockheed Martin Corp.	1.00%	8,800	$4.4M	Reduce -1.4%
LOW Lowe's Cos Inc.	0.98%	17,096	$4.3M	Reduce -1.9%
ZTS Zoetis Inc.	0.97%	29,107	$4.3M	Reduce -1.7%
EMR Emerson Electric Co.	0.96%	32,023	$4.2M	Add +0.1%
PG The Procter & Gamble Co.	0.87%	25,000	$3.8M	Reduce -1.4%
ABT Abbott Laboratories	0.84%	27,501	$3.7M	Reduce -1.1%
ETN Eaton Corp. PLC	0.72%	8,498	$3.2M	Reduce -1.1%
SNPS Synopsys Inc.	0.71%	6,307	$3.1M	Add +29.9%
UNH Unitedhealth Group Inc.	0.69%	8,783	$3.0M	Reduce -12.6%
BLK BlackRock Inc.	0.67%	2,538	$3.0M	Reduce -1.6%
DHR Danaher Corp.	0.66%	14,687	$2.9M	Reduce -3.1%
DE Deere & Co.	0.60%	5,802	$2.7M	Reduce -1.1%
SPGI S&P Global Inc.	0.58%	5,276	$2.6M	Add +0.2%
QQQ Invesco QQQ Trust Series 1	0.56%	4,102	$2.5M	No change
ADBE Adobe Inc.	0.55%	6,872	$2.4M	Reduce -14.1%
NFLX Netflix Inc.	0.53%	1,955	$2.3M	Add +452.3%
TXN Texas Instruments Inc.	0.52%	12,500	$2.3M	Reduce -0.6%
GEV GE Vernova Inc.	0.51%	3,657	$2.2M	Add +41.6%
PH Parker Hannifin Corp.	0.51%	2,957	$2.2M	Reduce -1.3%
MCD McDonald's Corp.	0.49%	7,150	$2.2M	No change
XOM Exxon Mobil Corp.	0.47%	18,343	$2.1M	Reduce -1.0%
CVX Chevron Corp.	0.46%	13,011	$2.0M	Reduce -0.8%
ASML ASML Holding NV-NY Reg SHS	0.46%	2,078	$2.0M	Reduce -6.6%
YUM Yum! Brands Inc.	0.45%	13,006	$2.0M	Reduce -1.5%
KLAC KLA Corp.	0.45%	1,823	$2.0M	Reduce -1.4%
CL Colgate-Palmolive Co.	0.42%	23,349	$1.9M	Reduce -1.1%
PWR Quanta Services Inc.	0.38%	4,000	$1.7M	Add +3.8%
RSP Invesco S&P 500 Equal Weight	0.37%	8,565	$1.6M	Reduce -2.4%
MDT Medtronic PLC	0.37%	16,881	$1.6M	Reduce -0.4%
POWL Powell Industries Inc.	0.36%	5,217	$1.6M	Reduce -1.4%
SPY SS SPDR S&P 500 ETF Trust-US	0.35%	2,283	$1.5M	Reduce -4.2%
GOOGL Alphabet Inc. Class A	0.35%	6,244	$1.5M	Add +6.2%
MRK Merck & Co. Inc.	0.33%	17,252	$1.4M	Reduce -0.4%
XLI SS Industrial Select Sector	0.32%	9,034	$1.4M	Reduce -7.2%
TMO Thermo Fisher Scientific Inc.	0.31%	2,852	$1.4M	Reduce -1.4%
XYL Xylem Inc.	0.31%	9,115	$1.3M	Reduce -0.1%
CAT Caterpillar Inc.	0.29%	2,632	$1.3M	Reduce -0.3%
TT Trane Technologies PLC	0.25%	2,625	$1.1M	Reduce -9.3%
AMGN Amgen Inc.	0.25%	3,916	$1.1M	Add +2.1%
IHI iShares U.S. Medical Devices	0.24%	17,710	$1.1M	No change
HUBB Hubbell Inc.	0.23%	2,353	$1.0M	Reduce -1.1%
BDX Becton Dickinson and Co.	0.22%	5,237	$980K	Reduce -3.0%
ABBV Abbvie Inc.	0.22%	4,165	$964K	Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.22%	18,492	$954K	Add +1.6%
WM Waste Management Inc.	0.22%	4,298	$949K	Reduce -0.2%
APH Amphenol Corp. Class A	0.21%	7,569	$937K	No change
CMI Cummins Inc.	0.20%	2,097	$886K	Reduce -0.9%
NVS Novartis AG-Sponsored ADR	0.20%	6,875	$882K	No change
ITA iShares U.S. Aerospace & Def	0.19%	3,933	$823K	Add +6.2%
CNI Canadian Natl Railway Co.	0.17%	8,013	$756K	Reduce -2.4%
MSCI MSCI Inc.	0.17%	1,282	$727K	Reduce -3.8%
NDAQ Nasdaq Inc.	0.16%	7,919	$700K	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.14%	4,105	$593K	Reduce -0.6%
XLK SS Technology Select Sector	0.13%	2,044	$576K	Reduce -6.8%
GLD SPDR Gold Shares	0.12%	1,507	$536K	No change
A Agilent Technologies Inc.	0.11%	3,816	$490K	No change
NEE Nextera Energy Inc.	0.11%	6,447	$487K	Reduce -17.8%
CSCO Cisco Systems Inc.	0.11%	7,105	$486K	Reduce -2.7%
WMT Walmart Inc.	0.11%	4,641	$478K	No change
KO The Coca-Cola Co.	0.11%	7,209	$478K	Reduce -7.9%
IEO iShares U.S. Oil & Gas Explo	0.11%	5,078	$470K	Reduce -2.1%
ORCL Oracle Corp.	0.10%	1,599	$450K	Reduce -3.4%
MRVL Marvell Technology Inc.	0.10%	5,330	$448K	Add +66.3%
FANG Diamondback Energy Inc.	0.09%	2,680	$384K	Reduce -7.8%
LRCX Lam Research Corp.	0.09%	2,850	$382K	Add +3.6%
XAR SS SPDR S&P Aerospace Def	0.08%	1,500	$352K	No change
MCO Moody's Corp.	0.07%	647	$308K	Reduce -0.6%
BSX Boston Scientific Corp.	0.07%	3,122	$305K	Reduce -0.9%
MU Micron Technology Inc.	0.07%	1,815	$304K	No change
KEYS Keysight Technologies Inc.	0.06%	1,581	$277K	No change
AZO AutoZone Inc.	0.06%	63	$270K	Reduce -3.1%
LHX L3HARRIS Technologies Inc.	0.06%	866	$264K	No change

Show all 105 holdings

Portfolio Sells Q2 2025 → Q3 2025


LLY Eli Lilly & Co.	Reduce -1.1%	3.94%	−0.37
V Visa Inc. Class A	Reduce -1.9%	2.10%	−0.26
NVO Novo-Nordisk A/S-Spons ADR	Reduce -79.0%	0.05%	−0.24
HON Honeywell International Inc.	Reduce -1.0%	1.19%	−0.22
AMZN Amazon.com Inc.	Reduce -0.5%	3.44%	−0.22
MSFT Microsoft Corp.	Reduce -1.5%	6.22%	−0.20
ADBE Adobe Inc.	Reduce -14.1%	0.55%	−0.19
ANSS Ansys Inc.	Sold out	0.00%	−0.16
MA Mastercard Inc. Class A	Reduce -1.6%	2.37%	−0.15
ZTS Zoetis Inc.	Reduce -1.7%	0.97%	−0.14
DE Deere & Co.	Reduce -1.1%	0.60%	−0.11
TXN Texas Instruments Inc.	Reduce -0.6%	0.52%	−0.11
PG The Procter & Gamble Co.	Reduce -1.4%	0.87%	−0.10
FCX Freeport-McMoran Inc.	Sold out	0.00%	−0.10
CL Colgate-Palmolive Co.	Reduce -1.1%	0.42%	−0.09
ADI Analog Devices Inc.	Reduce -2.0%	1.84%	−0.08
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.6%	2.88%	−0.08
ABT Abbott Laboratories	Reduce -1.1%	0.84%	−0.07
WDAY Workday Inc. Class A	Sold out	0.00%	−0.07
CTRA Coterra Energy Inc.	Sold out	0.00%	−0.07
MDLZ Mondelez International Inc. Class A	Sold out	0.00%	−0.07
UNH Unitedhealth Group Inc.	Reduce -12.6%	0.69%	−0.07
DHR Danaher Corp.	Reduce -3.1%	0.66%	−0.06
ALC Alcon Inc.	Sold out	0.00%	−0.05
TT Trane Technologies PLC	Reduce -9.3%	0.25%	−0.05
UNP Union Pacific Corp.	Reduce -0.7%	1.30%	−0.05
CNI Canadian Natl Railway Co.	Reduce -2.4%	0.17%	−0.03
QCOM Qualcomm Inc.	Reduce -1.6%	1.11%	−0.03
XLI SS Industrial Select Sector	Reduce -7.2%	0.32%	−0.03
TSCO Tractor Supply Company	Reduce -34.6%	0.05%	−0.03
NSC Norfolk Southern Corp.	Reduce -41.7%	0.05%	−0.03
KO The Coca-Cola Co.	Reduce -7.9%	0.11%	−0.02
PEP Pepsico Inc.	Reduce -1.8%	1.60%	−0.02
WM Waste Management Inc.	Reduce -0.2%	0.22%	−0.02
YUM Yum! Brands Inc.	Reduce -1.5%	0.45%	−0.02
NEE Nextera Energy Inc.	Reduce -17.8%	0.11%	−0.02
MSCI MSCI Inc.	Reduce -3.8%	0.17%	−0.02
ETN Eaton Corp. PLC	Reduce -1.1%	0.72%	−0.01
RSP Invesco S&P 500 Equal Weight	Reduce -2.4%	0.37%	−0.01
BSX Boston Scientific Corp.	Reduce -0.9%	0.07%	−0.01
CSCO Cisco Systems Inc.	Reduce -2.7%	0.11%	−0.01
XOM Exxon Mobil Corp.	Reduce -1.0%	0.47%	−0.01
FANG Diamondback Energy Inc.	Reduce -7.8%	0.09%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -4.2%	0.35%	−0.01
MCO Moody's Corp.	Reduce -0.6%	0.07%	−0.01
IEO iShares U.S. Oil & Gas Explo	Reduce -2.1%	0.11%	−0.00
HUBB Hubbell Inc.	Reduce -1.1%	0.23%	−0.00
XLK SS Technology Select Sector	Reduce -6.8%	0.13%	−0.00
BDX Becton Dickinson and Co.	Reduce -3.0%	0.22%	−0.00
MRK Merck & Co. Inc.	Reduce -0.4%	0.33%	−0.00

Portfolio Buys Q2 2025 → Q3 2025


NFLX Netflix Inc.	Add +452.3%	0.53%	+0.42
GS Goldman Sachs Group Inc.	Add +3.9%	2.54%	+0.24
TSM Taiwan Semiconductor-SP ADR	Add +2.5%	1.36%	+0.22
GEV GE Vernova Inc.	Add +41.6%	0.51%	+0.18
SNPS Synopsys Inc.	Add +29.9%	0.71%	+0.11
GOOGL Alphabet Inc. Class A	Add +6.2%	0.35%	+0.10
MRVL Marvell Technology Inc.	Add +66.3%	0.10%	+0.04
PWR Quanta Services Inc.	Add +3.8%	0.38%	+0.03
LRCX Lam Research Corp.	Add +3.6%	0.09%	+0.02
ITA iShares U.S. Aerospace & Def	Add +6.2%	0.19%	+0.02
BAC Bank of America Corp.	Add +1.6%	0.22%	+0.01
AMGN Amgen Inc.	Add +2.1%	0.25%	−0.01
LIN Linde PLC	Add +0.2%	1.22%	−0.05
PANW Palo Alto Networks Inc.	Add +1.0%	1.14%	−0.06
EMR Emerson Electric Co.	Add +0.1%	0.96%	−0.07
SPGI S&P Global Inc.	Add +0.2%	0.58%	−0.08
META Meta Platforms Inc. Class A	Add +2.2%	2.23%	−0.09
COST Costco Wholesale Corp.	Add +1.4%	2.53%	−0.29
MELI MercadoLibre Inc.	Add +1.5%	2.91%	−0.48

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