Cypress Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Cypress Capital, LLC reported 88 stock positions worth $344.3 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.2% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 11.9%) and Wisdomtree Floating Rate Tre (USFR, 8.8%). Compared with Q1 2025, it opened 9 new positions, added to 32 and reduced 41. The biggest buy was a new position in Vanguard 0-3M T-Bill ETF (VBIL) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKLIN, TN
- CIK
- 0001729939
- Portfolio Value
- $344.3M (Q2 2025)
- SEC Filing
- 0001729939-25-000003 ↗ filed Aug 7, 2025
Holdings Value
Holdings 88 stocks · $344.3M
| VTI VG Morningstar TS MKT ETF-US | 13.18% | 149,324 | $45.4M | Reduce -0.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 11.90% | 446,544 | $41.0M | Reduce -36.4% |
| USFR Wisdomtree Floating Rate Tre | 8.78% | 600,907 | $30.2M | Add +6.5% |
| VBIL Vanguard 0-3M T-Bill ETF | 6.60% | 300,977 | $22.7M | New |
| TIP iShares Tips Bond ETF | 5.45% | 170,467 | $18.8M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.71% | 26,220 | $16.2M | Reduce -8.8% |
| VGSH Vanguard Short-Term Treasury | 3.94% | 230,818 | $13.6M | Reduce -3.2% |
| VXUS Vanguard Total Intl Stock | 3.25% | 161,840 | $11.2M | Add +42.8% |
| SGOL Abrdn Physical Gold Shares | 3.00% | 327,611 | $10.3M | Reduce -8.8% |
| TFLO iShares Treasury Floating Ra | 2.63% | 178,461 | $9.0M | Reduce -51.5% |
| SGOV iShares 0-3 Month Treasury B | 2.04% | 69,804 | $7.0M | Reduce -9.9% |
| NOBL Proshares S&P 500 Dividend A | 1.99% | 68,125 | $6.9M | Add +1.7% |
| AAPL Apple Inc. | 1.73% | 28,971 | $5.9M | Reduce -5.0% |
| TBIL F/M US Treasury 3 Month Bill | 1.25% | 86,275 | $4.3M | Reduce -20.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.08% | 12,664 | $3.7M | Add +2.7% |
| AVGO Broadcom Inc. | 1.08% | 13,497 | $3.7M | Add +1.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 1.08% | 97,678 | $3.7M | Reduce -0.8% |
| V Visa Inc. Class A | 1.05% | 10,150 | $3.6M | Add +2.5% |
| KR Kroger Co. | 0.99% | 47,342 | $3.4M | Add +0.2% |
| ETN Eaton Corp. PLC | 0.95% | 9,120 | $3.3M | Add +1.3% |
| NTAP Netapp Inc. | 0.95% | 30,550 | $3.3M | Add +137.4% |
| HD Home Depot Inc. | 0.83% | 7,767 | $2.8M | Add +2.6% |
| ABBV Abbvie Inc. | 0.83% | 15,325 | $2.8M | Reduce -1.4% |
| MDT Medtronic PLC | 0.77% | 30,469 | $2.7M | Add +62.2% |
| PG The Procter & Gamble Co. | 0.74% | 16,068 | $2.6M | Add +2.3% |
| IEF iShares 7-10 Year Treasury B | 0.72% | 26,001 | $2.5M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.72% | 14,112 | $2.5M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.72% | 8,437 | $2.5M | Reduce -0.4% |
| LMT Lockheed Martin Corp. | 0.71% | 5,259 | $2.4M | Reduce -2.0% |
| QCOM Qualcomm Inc. | 0.70% | 15,094 | $2.4M | Reduce -1.3% |
| AMGN Amgen Inc. | 0.70% | 8,605 | $2.4M | Reduce -0.1% |
| SBUX Starbucks Corp. | 0.69% | 26,027 | $2.4M | Reduce -1.3% |
| MSFT Microsoft Corp. | 0.69% | 4,791 | $2.4M | Add +2.7% |
| LOW Lowe's Cos Inc. | 0.67% | 10,370 | $2.3M | Reduce -1.2% |
| BMY Bristol-Myers Squibb Co. | 0.64% | 47,963 | $2.2M | Reduce -0.2% |
| PULS Pgim Ultra Short Bond ETF | 0.63% | 43,807 | $2.2M | Add +43.1% |
| LRCX Lam Research Corp. | 0.62% | 21,913 | $2.1M | Add +1.6% |
| XOM Exxon Mobil Corp. | 0.62% | 19,761 | $2.1M | Add +0.8% |
| GIS General Mills Inc. | 0.62% | 40,883 | $2.1M | Reduce -0.7% |
| CMCSA Comcast Corp. Class A | 0.61% | 58,838 | $2.1M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.61% | 26,389 | $2.1M | Reduce -0.1% |
| VTIP Vanguard Short-Term Tips | 0.53% | 36,027 | $1.8M | Add +1.6% |
| CL Colgate-Palmolive Co. | 0.51% | 19,499 | $1.8M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 0.47% | 9,182 | $1.6M | Reduce -10.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.42% | 18,308 | $1.5M | Add +6.5% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.39% | 24,415 | $1.3M | Reduce -1.8% |
| TPR Tapestry Inc. | 0.36% | 13,963 | $1.2M | Reduce -7.2% |
| FOXA Fox Corp. Class A | 0.35% | 21,400 | $1.2M | Add +0.7% |
| LEN Lennar Corp. Class A | 0.34% | 10,575 | $1.2M | Reduce -0.4% |
| NVDA Nvidia Corp. | 0.34% | 7,363 | $1.2M | Add +0.6% |
| SHOP Shopify Inc. Class A | 0.34% | 10,000 | $1.2M | No change |
| PTRB Pgim Total Return Bond ETF | 0.28% | 22,634 | $947K | Add +16.1% |
| KFY Korn Ferry | 0.25% | 11,827 | $867K | Reduce -7.2% |
| HPQ HP Inc. | 0.21% | 29,788 | $729K | Reduce -6.7% |
| ALSN Allison Transmission Holding | 0.20% | 7,395 | $702K | Reduce -6.8% |
| META Meta Platforms Inc. Class A | 0.20% | 930 | $686K | Add +14.8% |
| MBB iShares MBS ETF | 0.19% | 6,959 | $653K | Reduce -1.0% |
| SCHD Schwab US DVD Equity ETF | 0.19% | 24,043 | $637K | Reduce -1.0% |
| MDY State Street SPDR S&P Midcap | 0.18% | 1,086 | $615K | Add +8.7% |
| IVV iShares Core S&P 500 ETF | 0.18% | 985 | $612K | No change |
| TGNA Tegna Inc. | 0.17% | 35,254 | $591K | Reduce -7.1% |
| LLY Eli Lilly & Co. | 0.15% | 678 | $529K | Add +33.2% |
| GLD SPDR Gold Shares | 0.15% | 1,725 | $526K | No change |
| IWD iShares Russell 1000 Value E | 0.14% | 2,520 | $489K | No change |
| CRM Salesforce Inc. | 0.13% | 1,595 | $435K | Add +38.0% |
| UNH Unitedhealth Group Inc. | 0.12% | 1,375 | $429K | Reduce -9.8% |
| OMC Omnicom Group | 0.11% | 5,498 | $396K | Reduce -6.9% |
| IONS Ionis Pharmaceuticals Inc. | 0.11% | 10,000 | $395K | No change |
| ESTC Elastic NV | 0.11% | 4,614 | $389K | New |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 1,856 | $337K | Add +10.5% |
| AMZN Amazon.com Inc. | 0.10% | 1,523 | $334K | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 583 | $322K | Add +22.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 662 | $322K | Reduce -18.4% |
| VOO Vanguard S&P 500 ETF | 0.09% | 545 | $310K | Add +0.9% |
| TSLA Tesla Inc. | 0.08% | 906 | $288K | Reduce -0.6% |
| ORCL Oracle Corp. | 0.08% | 1,276 | $279K | New |
| IWF iShares Russell 1000 Growth | 0.07% | 590 | $251K | Reduce -97.3% |
| MA Mastercard Inc. Class A | 0.07% | 443 | $249K | New |
| GILD Gilead Sciences Inc. | 0.07% | 2,214 | $245K | New |
| COP Conocophillips | 0.07% | 2,674 | $240K | Add +34.9% |
| CSCO Cisco Systems Inc. | 0.07% | 3,453 | $240K | New |
| T AT&T Inc. | 0.07% | 8,105 | $235K | Add +0.1% |
| VT Vanguard Tot World STK ETF | 0.07% | 1,810 | $233K | No change |
| USNA Usana Health Sciences Inc. | 0.07% | 7,519 | $230K | Reduce -3.0% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.07% | 217 | $226K | New |
| CTSH Cognizant Tech Solutions-A | 0.06% | 2,606 | $203K | New |
| ITW Illinois Tool Works | 0.06% | 813 | $201K | New |
| RIVN Rivian Automotive Inc. Class A | 0.05% | 11,531 | $158K | Reduce -15.4% |
Options reported separately and not counted above: F calls ($31K).
Portfolio Sells Q1 2025 → Q2 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -36.4% | 11.90% | −6.67 |
| TFLO iShares Treasury Floating Ra | Reduce -51.5% | 2.63% | −2.75 |
| IWF iShares Russell 1000 Growth | Reduce -97.3% | 0.07% | −2.22 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -20.5% | 1.25% | −0.31 |
| AAPL Apple Inc. | Reduce -5.0% | 1.73% | −0.23 |
| SGOV iShares 0-3 Month Treasury B | Reduce -9.9% | 2.04% | −0.21 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.2% | 0.64% | −0.20 |
| ABBV Abbvie Inc. | Reduce -1.4% | 0.83% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -9.8% | 0.12% | −0.11 |
| GIS General Mills Inc. | Reduce -0.7% | 0.62% | −0.09 |
| VGSH Vanguard Short-Term Treasury | Reduce -3.2% | 3.94% | −0.09 |
| SGOL Abrdn Physical Gold Shares | Reduce -8.8% | 3.00% | −0.09 |
| TIP iShares Tips Bond ETF | Reduce -1.3% | 5.45% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.61% | −0.08 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.70% | −0.08 |
| SBUX Starbucks Corp. | Reduce -1.3% | 0.69% | −0.05 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.72% | −0.05 |
| HPQ HP Inc. | Reduce -6.7% | 0.21% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 0.67% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -3.1% | 0.61% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -18.4% | 0.09% | −0.03 |
| TGNA Tegna Inc. | Reduce -7.1% | 0.17% | −0.03 |
| OMC Omnicom Group | Reduce -6.9% | 0.11% | −0.03 |
| ALSN Allison Transmission Holding | Reduce -6.8% | 0.20% | −0.01 |
| LEN Lennar Corp. Class A | Reduce -0.4% | 0.34% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.0% | 0.19% | −0.01 |
| RIVN Rivian Automotive Inc. Class A | Reduce -15.4% | 0.05% | −0.00 |
| MBB iShares MBS ETF | Reduce -1.0% | 0.19% | −0.00 |
| IEF iShares 7-10 Year Treasury B | Reduce -0.9% | 0.72% | +0.00 |
| KFY Korn Ferry | Reduce -7.2% | 0.25% | +0.00 |
| USNA Usana Health Sciences Inc. | Reduce -3.0% | 0.07% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -10.8% | 0.47% | +0.01 |
| TSLA Tesla Inc. | Reduce -0.6% | 0.08% | +0.02 |
| LMT Lockheed Martin Corp. | Reduce -2.0% | 0.71% | +0.02 |
| QCOM Qualcomm Inc. | Reduce -1.3% | 0.70% | +0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -0.8% | 1.08% | +0.05 |
| TPR Tapestry Inc. | Reduce -7.2% | 0.36% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.8% | 4.71% | +0.07 |
| NXT Nextpower Inc. | Reduce -1.8% | 0.39% | +0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 0.72% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.7% | 13.18% | +1.27 |
Portfolio Buys Q1 2025 → Q2 2025
| VBIL Vanguard 0-3M T-Bill ETF | New | 6.60% | +6.60 |
| VXUS Vanguard Total Intl Stock | Add +42.8% | 3.25% | +1.22 |
| NTAP Netapp Inc. | Add +137.4% | 0.95% | +0.62 |
| USFR Wisdomtree Floating Rate Tre | Add +6.5% | 8.78% | +0.59 |
| AVGO Broadcom Inc. | Add +1.0% | 1.08% | +0.44 |
| MDT Medtronic PLC | Add +62.2% | 0.77% | +0.28 |
| ETN Eaton Corp. PLC | Add +1.3% | 0.95% | +0.24 |
| IBM Intl Business Machines Corp. | Add +2.7% | 1.08% | +0.20 |
| PULS Pgim Ultra Short Bond ETF | Add +43.1% | 0.63% | +0.19 |
| MSFT Microsoft Corp. | Add +2.7% | 0.69% | +0.19 |
| LRCX Lam Research Corp. | Add +1.6% | 0.62% | +0.17 |
| ESTC Elastic NV | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | Add +0.6% | 0.34% | +0.11 |
| ORCL Oracle Corp. | New | 0.08% | +0.08 |
| MA Mastercard Inc. Class A | New | 0.07% | +0.07 |
| GILD Gilead Sciences Inc. | New | 0.07% | +0.07 |
| CSCO Cisco Systems Inc. | New | 0.07% | +0.07 |
| GWW WW Grainger Inc. | New | 0.07% | +0.07 |
| META Meta Platforms Inc. Class A | Add +14.8% | 0.20% | +0.06 |
| KR Kroger Co. | Add +0.2% | 0.99% | +0.06 |
| CTSH Cognizant Tech Solutions-A | New | 0.06% | +0.06 |
| ITW Illinois Tool Works | New | 0.06% | +0.06 |
| V Visa Inc. Class A | Add +2.5% | 1.05% | +0.05 |
| PTRB Pgim Total Return Bond ETF | Add +16.1% | 0.28% | +0.04 |
| CRM Salesforce Inc. | Add +38.0% | 0.13% | +0.04 |
| LLY Eli Lilly & Co. | Add +33.2% | 0.15% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +6.5% | 0.42% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +22.5% | 0.09% | +0.03 |
| HD Home Depot Inc. | Add +2.6% | 0.83% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +8.7% | 0.18% | +0.03 |
| NOBL Proshares S&P 500 Dividend A | Add +1.7% | 1.99% | +0.02 |
| VTIP Vanguard Short-Term Tips | Add +1.6% | 0.53% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.9% | 0.10% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +10.5% | 0.10% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 0.09% | +0.01 |
| COP Conocophillips | Add +34.9% | 0.07% | +0.01 |
| T AT&T Inc. | Add +0.1% | 0.07% | +0.00 |
| FOXA Fox Corp. Class A | Add +0.7% | 0.35% | +0.00 |
| CL Colgate-Palmolive Co. | Add +2.5% | 0.51% | +0.00 |
| PG The Procter & Gamble Co. | Add +2.3% | 0.74% | −0.03 |
| XOM Exxon Mobil Corp. | Add +0.8% | 0.62% | −0.05 |
Options Activity Q1 2025 → Q2 2025
| F Ford Motor Co. | call | New | 15,000 | $31K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |