Cypress Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Cypress Capital, LLC reported 79 stock positions worth $346.9 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 18.6% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 11.9%) and Wisdomtree Floating Rate Tre (USFR, 8.2%). Compared with Q4 2024, it opened 10 new positions, sold out of 3, added to 31 and reduced 33. The biggest buy was a new position in Vanguard Total Intl Stock (VXUS) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKLIN, TN
- CIK
- 0001729939
- Portfolio Value
- $346.9M (Q1 2025)
- SEC Filing
- 0001729939-25-000002 ↗ filed Apr 25, 2025
Holdings Value
Holdings 79 stocks · $346.9M
| BIL SS SPDR BB 1-3M T-Bill ETF | 18.57% | 702,227 | $64.4M | Reduce -11.3% |
| VTI VG Morningstar TS MKT ETF-US | 11.91% | 150,384 | $41.3M | Add +0.0% |
| USFR Wisdomtree Floating Rate Tre | 8.19% | 564,491 | $28.4M | Reduce -1.1% |
| TIP iShares Tips Bond ETF | 5.53% | 172,645 | $19.2M | Reduce -2.2% |
| TFLO iShares Treasury Floating Ra | 5.38% | 368,129 | $18.6M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.64% | 28,754 | $16.1M | Add +0.5% |
| VGSH Vanguard Short-Term Treasury | 4.03% | 238,450 | $14.0M | Reduce -1.5% |
| SGOL Abrdn Physical Gold Shares | 3.09% | 359,166 | $10.7M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 2.29% | 21,988 | $7.9M | Reduce -0.2% |
| SGOV iShares 0-3 Month Treasury B | 2.25% | 77,438 | $7.8M | Reduce -6.0% |
| VXUS Vanguard Total Intl Stock | 2.03% | 113,340 | $7.0M | New |
| NOBL Proshares S&P 500 Dividend A | 1.97% | 67,015 | $6.8M | Add +7.8% |
| AAPL Apple Inc. | 1.95% | 30,507 | $6.8M | Add +1.0% |
| TBIL F/M US Treasury 3 Month Bill | 1.57% | 108,578 | $5.4M | Reduce -11.3% |
| HEFA Isha Curr Hedged MSCI Eafe | 1.03% | 98,430 | $3.6M | Reduce -48.2% |
| V Visa Inc. Class A | 1.00% | 9,907 | $3.5M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.94% | 15,534 | $3.3M | Add +1.9% |
| KR Kroger Co. | 0.92% | 47,240 | $3.2M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.88% | 12,331 | $3.1M | Reduce -0.9% |
| BMY Bristol-Myers Squibb Co. | 0.85% | 48,067 | $2.9M | Add +1.0% |
| HD Home Depot Inc. | 0.80% | 7,573 | $2.8M | Add +2.6% |
| AMGN Amgen Inc. | 0.77% | 8,609 | $2.7M | Add +2.0% |
| PG The Procter & Gamble Co. | 0.77% | 15,714 | $2.7M | Add +2.0% |
| MCD McDonald's Corp. | 0.76% | 8,470 | $2.6M | Add +3.1% |
| SBUX Starbucks Corp. | 0.75% | 26,364 | $2.6M | Add +2.2% |
| IEF iShares 7-10 Year Treasury B | 0.72% | 26,247 | $2.5M | Reduce -2.1% |
| GIS General Mills Inc. | 0.71% | 41,178 | $2.5M | Add +4.0% |
| LOW Lowe's Cos Inc. | 0.71% | 10,500 | $2.4M | Add +3.6% |
| ETN Eaton Corp. PLC | 0.71% | 8,999 | $2.4M | Add +2.7% |
| LMT Lockheed Martin Corp. | 0.69% | 5,368 | $2.4M | Add +3.3% |
| MRK Merck & Co. Inc. | 0.68% | 26,423 | $2.4M | Add +4.5% |
| QCOM Qualcomm Inc. | 0.68% | 15,293 | $2.3M | Add +3.1% |
| XOM Exxon Mobil Corp. | 0.67% | 19,611 | $2.3M | Add +5.2% |
| CMCSA Comcast Corp. Class A | 0.65% | 60,727 | $2.2M | Add +6.5% |
| AVGO Broadcom Inc. | 0.65% | 13,368 | $2.2M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 0.64% | 14,310 | $2.2M | Add +4.1% |
| CL Colgate-Palmolive Co. | 0.51% | 19,029 | $1.8M | New |
| VTIP Vanguard Short-Term Tips | 0.51% | 35,465 | $1.8M | Add +0.9% |
| MSFT Microsoft Corp. | 0.50% | 4,665 | $1.8M | Reduce -0.1% |
| MDT Medtronic PLC | 0.49% | 18,785 | $1.7M | New |
| GOOG Alphabet Inc. Class C | 0.46% | 10,293 | $1.6M | Reduce -6.6% |
| LRCX Lam Research Corp. | 0.45% | 21,562 | $1.6M | New |
| PULS Pgim Ultra Short Bond ETF | 0.44% | 30,618 | $1.5M | Reduce -3.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.39% | 17,195 | $1.4M | Add +5.7% |
| LEN Lennar Corp. Class A | 0.35% | 10,622 | $1.2M | Add +13.6% |
| FOXA Fox Corp. Class A | 0.35% | 21,245 | $1.2M | Add +7.4% |
| NTAP Netapp Inc. | 0.33% | 12,870 | $1.1M | New |
| TPR Tapestry Inc. | 0.31% | 15,053 | $1.1M | Reduce -6.3% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.30% | 24,857 | $1.0M | Reduce -5.8% |
| SHOP Shopify Inc. Class A | 0.28% | 10,000 | $955K | No change |
| HPQ HP Inc. | 0.25% | 31,932 | $884K | Reduce -5.8% |
| KFY Korn Ferry | 0.25% | 12,749 | $865K | Reduce -6.8% |
| PTRB Pgim Total Return Bond ETF | 0.23% | 19,494 | $814K | Reduce -21.1% |
| UNH Unitedhealth Group Inc. | 0.23% | 1,524 | $798K | Reduce -8.3% |
| NVDA Nvidia Corp. | 0.23% | 7,318 | $793K | Add +1.1% |
| ALSN Allison Transmission Holding | 0.22% | 7,936 | $759K | Reduce -6.1% |
| TGNA Tegna Inc. | 0.20% | 37,932 | $691K | Reduce -6.2% |
| SCHD Schwab US DVD Equity ETF | 0.20% | 24,280 | $679K | Reduce -2.8% |
| MBB iShares MBS ETF | 0.19% | 7,030 | $659K | Reduce -2.3% |
| IVV iShares Core S&P 500 ETF | 0.16% | 985 | $553K | No change |
| MDY State Street SPDR S&P Midcap | 0.15% | 999 | $533K | New |
| GLD SPDR Gold Shares | 0.14% | 1,725 | $497K | Add +2.7% |
| OMC Omnicom Group | 0.14% | 5,905 | $490K | Reduce -5.8% |
| IWD iShares Russell 1000 Value E | 0.14% | 2,520 | $474K | No change |
| META Meta Platforms Inc. Class A | 0.13% | 810 | $467K | Add +14.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 811 | $432K | Reduce -4.3% |
| LLY Eli Lilly & Co. | 0.12% | 509 | $420K | Reduce -12.5% |
| CRM Salesforce Inc. | 0.09% | 1,156 | $310K | New |
| IONS Ionis Pharmaceuticals Inc. | 0.09% | 10,000 | $302K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.08% | 1,680 | $291K | New |
| AMZN Amazon.com Inc. | 0.08% | 1,509 | $287K | Reduce -5.4% |
| VOO Vanguard S&P 500 ETF | 0.08% | 540 | $277K | New |
| TSLA Tesla Inc. | 0.07% | 911 | $236K | Reduce -42.0% |
| T AT&T Inc. | 0.07% | 8,099 | $229K | Reduce -17.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 476 | $223K | Add +1.5% |
| VT Vanguard Tot World STK ETF | 0.06% | 1,810 | $210K | No change |
| USNA Usana Health Sciences Inc. | 0.06% | 7,752 | $209K | Reduce -6.2% |
| COP Conocophillips | 0.06% | 1,982 | $208K | New |
| RIVN Rivian Automotive Inc. Class A | 0.05% | 13,629 | $170K | Add +13.4% |
Portfolio Sells Q4 2024 → Q1 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.3% | 18.57% | −2.14 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -48.2% | 1.03% | −0.86 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.50 |
| IWF iShares Russell 1000 Growth | Reduce -0.2% | 2.29% | −0.24 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -11.3% | 1.57% | −0.18 |
| GOOG Alphabet Inc. Class C | Reduce -6.6% | 0.46% | −0.14 |
| SGOV iShares 0-3 Month Treasury B | Reduce -6.0% | 2.25% | −0.12 |
| TSLA Tesla Inc. | Reduce -42.0% | 0.07% | −0.11 |
| FAUG FT Vest U.S. Equity Buffer E | Sold out | 0.00% | −0.08 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.07 |
| HPQ HP Inc. | Reduce -5.8% | 0.25% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.1% | 0.50% | −0.06 |
| PTRB Pgim Total Return Bond ETF | Reduce -21.1% | 0.23% | −0.06 |
| ALSN Allison Transmission Holding | Reduce -6.1% | 0.22% | −0.04 |
| TFLO iShares Treasury Floating Ra | Reduce -1.8% | 5.38% | −0.04 |
| USFR Wisdomtree Floating Rate Tre | Reduce -1.1% | 8.19% | −0.03 |
| USNA Usana Health Sciences Inc. | Reduce -6.2% | 0.06% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -5.4% | 0.08% | −0.02 |
| KFY Korn Ferry | Reduce -6.8% | 0.25% | −0.01 |
| OMC Omnicom Group | Reduce -5.8% | 0.14% | −0.01 |
| TGNA Tegna Inc. | Reduce -6.2% | 0.20% | −0.01 |
| PULS Pgim Ultra Short Bond ETF | Reduce -3.8% | 0.44% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -8.3% | 0.23% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -12.5% | 0.12% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.8% | 0.20% | +0.00 |
| MBB iShares MBS ETF | Reduce -2.3% | 0.19% | +0.00 |
| T AT&T Inc. | Reduce -17.9% | 0.07% | +0.00 |
| TPR Tapestry Inc. | Reduce -6.3% | 0.31% | +0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -1.5% | 4.03% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -2.1% | 0.72% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.3% | 0.12% | +0.01 |
| NXT Nextpower Inc. | Reduce -5.8% | 0.30% | +0.03 |
| V Visa Inc. Class A | Reduce -1.1% | 1.00% | +0.10 |
| IBM Intl Business Machines Corp. | Reduce -0.9% | 0.88% | +0.10 |
| TIP iShares Tips Bond ETF | Reduce -2.2% | 5.53% | +0.15 |
| SGOL Abrdn Physical Gold Shares | Reduce -0.2% | 3.09% | +0.51 |
Portfolio Buys Q4 2024 → Q1 2025
| VXUS Vanguard Total Intl Stock | New | 2.03% | +2.03 |
| CL Colgate-Palmolive Co. | New | 0.51% | +0.51 |
| MDT Medtronic PLC | New | 0.49% | +0.49 |
| LRCX Lam Research Corp. | New | 0.45% | +0.45 |
| NTAP Netapp Inc. | New | 0.33% | +0.33 |
| NOBL Proshares S&P 500 Dividend A | Add +7.8% | 1.97% | +0.20 |
| ABBV Abbvie Inc. | Add +1.9% | 0.94% | +0.16 |
| MDY State Street SPDR S&P Midcap | New | 0.15% | +0.15 |
| AMGN Amgen Inc. | Add +2.0% | 0.77% | +0.14 |
| XOM Exxon Mobil Corp. | Add +5.2% | 0.67% | +0.10 |
| KR Kroger Co. | Add +0.3% | 0.92% | +0.10 |
| CRM Salesforce Inc. | New | 0.09% | +0.09 |
| RSP Invesco S&P 500 Equal Weight | New | 0.08% | +0.08 |
| MCD McDonald's Corp. | Add +3.1% | 0.76% | +0.08 |
| VOO Vanguard S&P 500 ETF | New | 0.08% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +1.0% | 0.85% | +0.08 |
| SBUX Starbucks Corp. | Add +2.2% | 0.75% | +0.07 |
| FOXA Fox Corp. Class A | Add +7.4% | 0.35% | +0.07 |
| COP Conocophillips | New | 0.06% | +0.06 |
| CMCSA Comcast Corp. Class A | Add +6.5% | 0.65% | +0.03 |
| PG The Procter & Gamble Co. | Add +2.0% | 0.77% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +5.7% | 0.39% | +0.03 |
| GLD SPDR Gold Shares | Add +2.7% | 0.14% | +0.03 |
| QCOM Qualcomm Inc. | Add +3.1% | 0.68% | +0.03 |
| VTIP Vanguard Short-Term Tips | Add +0.9% | 0.51% | +0.02 |
| META Meta Platforms Inc. Class A | Add +14.6% | 0.13% | +0.02 |
| RIVN Rivian Automotive Inc. Class A | Add +13.4% | 0.05% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.5% | 0.06% | −0.00 |
| LOW Lowe's Cos Inc. | Add +3.6% | 0.71% | −0.01 |
| GIS General Mills Inc. | Add +4.0% | 0.71% | −0.01 |
| LEN Lennar Corp. Class A | Add +13.6% | 0.35% | −0.01 |
| HD Home Depot Inc. | Add +2.6% | 0.80% | −0.02 |
| LMT Lockheed Martin Corp. | Add +3.3% | 0.69% | −0.03 |
| MRK Merck & Co. Inc. | Add +4.5% | 0.68% | −0.04 |
| NVDA Nvidia Corp. | Add +1.1% | 0.23% | −0.05 |
| GOOGL Alphabet Inc. Class A | Add +4.1% | 0.64% | −0.11 |
| ETN Eaton Corp. PLC | Add +2.7% | 0.71% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 4.64% | −0.16 |
| AVGO Broadcom Inc. | Add +4.2% | 0.65% | −0.21 |
| AAPL Apple Inc. | Add +1.0% | 1.95% | −0.21 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.0% | 11.91% | −0.55 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 110 | $368.6M | VTI, SGOV, VBIL, BIL, TIP |
| Q1 2026 | 94 | $351.3M | VTI, SGOV, VBIL, BIL, TIP |
| Q4 2025 | 93 | $357.1M | VTI, BIL, VBIL, USFR, TIP |
| Q3 2025 | 93 | $349.5M | VTI, VBIL, BIL, USFR, TIP |
| Q2 2025 | 88 | $344.3M | VTI, BIL, USFR, VBIL, TIP |
| Q1 2025 | 79 | $346.9M | BIL, VTI, USFR, TIP, TFLO |
| Q4 2024 | 72 | $349.7M | BIL, VTI, USFR, TFLO, TIP |
| Q3 2024 | 81 | $387.6M | BIL, VTI, USFR, SPY, TIP |
| Q2 2024Amended | 389 | $366.6M | BIL, VTI, USFR, SPY, TIP |
| Q1 2024 | 78 | $365.7M | BIL, VTI, SPY, SHY, VGSH |