Cypress Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Cypress Capital, LLC reported 93 stock positions worth $349.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.0% of the portfolio, followed by Vanguard 0-3M T-Bill ETF (VBIL, 9.3%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 9.2%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 17 and reduced 60. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +42%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −22%).

Most Recent 13F
Q2 2026
Location
FRANKLIN, TN
CIK
0001729939
Portfolio Value
$349.5M (Q3 2025)
SEC Filing
0001729939-25-000006 ↗ filed Oct 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $365.7M Q1 2024 Q2 2024: $366.6M Q2 2024 Q3 2024: $387.6M Q3 2024 Q4 2024: $349.7M Q4 2024 Q1 2025: $346.9M Q1 2025 Q2 2025: $344.3M Q2 2025 Q3 2025: $349.5M $349.5M Q3 2025 Q4 2025: $357.1M Q4 2025 Q1 2026: $351.3M Q1 2026 Q2 2026: $368.6M Q2 2026

Holdings 93 stocks · $349.5M
VTI VG Morningstar TS MKT ETF-US 12.99% 138,306 $45.4M Reduce -7.4%
VBIL Vanguard 0-3M T-Bill ETF 9.26% 428,200 $32.4M Add +42.3%
BIL SS SPDR BB 1-3M T-Bill ETF 9.18% 349,561 $32.1M Reduce -21.7%
USFR Wisdomtree Floating Rate Tre 8.08% 562,030 $28.3M Reduce -6.5%
TIP iShares Tips Bond ETF 5.22% 163,991 $18.2M Reduce -3.8%
SPY SS SPDR S&P 500 ETF Trust-US 4.98% 26,112 $17.4M Reduce -0.4%
VGSH Vanguard Short-Term Treasury 3.73% 221,277 $13.0M Reduce -4.1%
SGOL Abrdn Physical Gold Shares 3.38% 320,618 $11.8M Reduce -2.1%
VXUS Vanguard Total Intl Stock 3.27% 155,544 $11.4M Reduce -3.9%
TFLO iShares Treasury Floating Ra 2.20% 151,971 $7.7M Reduce -14.8%
AAPL Apple Inc. 2.08% 28,509 $7.3M Reduce -1.6%
SGOV iShares 0-3 Month Treasury B 2.07% 71,694 $7.2M Add +2.7%
NOBL Proshares S&P 500 Dividend A 1.89% 63,933 $6.6M Reduce -6.2%
HEFA Isha Curr Hedged MSCI Eafe 1.06% 93,638 $3.7M Reduce -4.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.99% 12,324 $3.5M Reduce -2.7%
ABBV Abbvie Inc. 0.98% 14,863 $3.4M Reduce -3.0%
GOOGL Alphabet Inc. Class A 0.95% 13,716 $3.3M Reduce -2.8%
TBIL F/M US Treasury 3 Month Bill 0.94% 65,902 $3.3M Reduce -23.6%
KR Kroger Co. 0.89% 45,961 $3.1M Reduce -2.9%
HD Home Depot Inc. 0.88% 7,571 $3.1M Reduce -2.5%
AVGO Broadcom Inc. 0.85% 9,029 $3.0M Reduce -33.1%
MDT Medtronic PLC 0.81% 29,612 $2.8M Reduce -2.8%
CSCO Cisco Systems Inc. 0.78% 39,954 $2.7M Add +1057.1%
V Visa Inc. Class A 0.78% 7,964 $2.7M Reduce -21.5%
ETN Eaton Corp. PLC 0.78% 7,250 $2.7M Reduce -20.5%
PULS Pgim Ultra Short Bond ETF 0.74% 52,068 $2.6M Add +18.9%
LMT Lockheed Martin Corp. 0.72% 5,068 $2.5M Reduce -3.6%
IEF iShares 7-10 Year Treasury B 0.72% 26,209 $2.5M Add +0.8%
LOW Lowe's Cos Inc. 0.72% 10,037 $2.5M Reduce -3.2%
NTAP Netapp Inc. 0.71% 20,948 $2.5M Reduce -31.4%
MCD McDonald's Corp. 0.71% 8,155 $2.5M Reduce -3.3%
MSFT Microsoft Corp. 0.70% 4,706 $2.4M Reduce -1.8%
QCOM Qualcomm Inc. 0.70% 14,627 $2.4M Reduce -3.1%
PG The Procter & Gamble Co. 0.69% 15,630 $2.4M Reduce -2.7%
AMGN Amgen Inc. 0.67% 8,335 $2.4M Reduce -3.1%
GOOG Alphabet Inc. Class C 0.64% 9,123 $2.2M Reduce -0.6%
XOM Exxon Mobil Corp. 0.63% 19,373 $2.2M Reduce -2.0%
MRK Merck & Co. Inc. 0.61% 25,514 $2.1M Reduce -3.3%
SBUX Starbucks Corp. 0.61% 25,214 $2.1M Reduce -3.1%
BMY Bristol-Myers Squibb Co. 0.60% 46,392 $2.1M Reduce -3.3%
GIS General Mills Inc. 0.57% 39,662 $2.0M Reduce -3.0%
LRCX Lam Research Corp. 0.57% 14,824 $2.0M Reduce -32.4%
VTIP Vanguard Short-Term Tips 0.56% 38,852 $2.0M Add +7.8%
CMCSA Comcast Corp. Class A 0.51% 56,474 $1.8M Reduce -4.0%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.49% 23,343 $1.7M Reduce -4.4%
SCHW Schwab (charles) Corp. 0.48% 17,692 $1.7M New
TPR Tapestry Inc. 0.45% 13,829 $1.6M Reduce -1.0%
CL Colgate-Palmolive Co. 0.43% 18,873 $1.5M Reduce -3.2%
SHOP Shopify Inc. Class A 0.43% 10,000 $1.5M No change
VCSH Vanguard S/T Corp. Bond ETF 0.42% 18,318 $1.5M Add +0.1%
FOXA Fox Corp. Class A 0.38% 21,031 $1.3M Reduce -1.7%
NVDA Nvidia Corp. 0.38% 7,074 $1.3M Reduce -3.9%
KFY Korn Ferry 0.27% 13,724 $960K Add +16.0%
PTRB Pgim Total Return Bond ETF 0.25% 20,827 $879K Reduce -8.0%
HPQ HP Inc. 0.23% 29,467 $802K Reduce -1.1%
EXEL Exelixis Inc. 0.21% 17,854 $737K New
CALM Cal-Maine Foods Inc. 0.21% 7,671 $722K New
TGNA Tegna Inc. 0.20% 34,861 $709K Reduce -1.1%
MDY State Street SPDR S&P Midcap 0.19% 1,106 $659K Add +1.8%
IONS Ionis Pharmaceuticals Inc. 0.19% 10,000 $654K No change
MBB iShares MBS ETF 0.18% 6,721 $640K Reduce -3.4%
SCHD Schwab US DVD Equity ETF 0.18% 23,179 $633K Reduce -3.6%
ALSN Allison Transmission Holding 0.18% 7,316 $621K Reduce -1.1%
META Meta Platforms Inc. Class A 0.18% 843 $619K Reduce -9.3%
GLD SPDR Gold Shares 0.18% 1,725 $613K No change
LLY Eli Lilly & Co. 0.17% 792 $604K Add +16.8%
IVV iShares Core S&P 500 ETF 0.17% 894 $598K Reduce -9.2%
IWD iShares Russell 1000 Value E 0.15% 2,520 $513K No change
UNH Unitedhealth Group Inc. 0.14% 1,392 $481K Add +1.2%
OMC Omnicom Group 0.13% 5,446 $444K Reduce -0.9%
TSLA Tesla Inc. 0.13% 982 $437K Add +8.4%
ESTC Elastic NV 0.11% 4,614 $390K No change
RSP Invesco S&P 500 Equal Weight 0.10% 1,907 $362K Add +2.8%
AMZN Amazon.com Inc. 0.10% 1,589 $349K Add +4.3%
VOO Vanguard S&P 500 ETF 0.10% 558 $341K Add +2.4%
CRM Salesforce Inc. 0.10% 1,435 $340K Reduce -10.0%
BRK.B Berkshire Hathaway Inc. Class B 0.09% 593 $298K Reduce -10.4%
IWF iShares Russell 1000 Growth 0.08% 590 $276K No change
QQQ Invesco QQQ Trust Series 1 0.08% 456 $274K Reduce -21.8%
MA Mastercard Inc. Class A 0.08% 469 $267K Add +5.9%
VT Vanguard Tot World STK ETF 0.07% 1,810 $249K No change
COP Conocophillips 0.07% 2,604 $246K Reduce -2.6%
GILD Gilead Sciences Inc. 0.07% 2,107 $234K Reduce -4.8%
T AT&T Inc. 0.07% 8,110 $229K Add +0.1%
CRWD CrowdStrike Holdings Inc. Class A 0.06% 460 $226K New
BMNR Bitmine Immersion Technologi 0.06% 4,282 $222K New
EVR Evercore Inc. Class A 0.06% 641 $216K New
HOOD Robinhood Markets Inc. Class A 0.06% 1,465 $210K New
SU Suncor Energy Inc. 0.06% 4,906 $205K New
USNA Usana Health Sciences Inc. 0.06% 7,444 $205K Reduce -1.0%
ITW Illinois Tool Works 0.06% 776 $202K Reduce -4.5%
CVX Chevron Corp. 0.06% 1,292 $201K New
RIVN Rivian Automotive Inc. Class A 0.05% 11,378 $167K Reduce -1.3%

Options reported separately and not counted above: F calls ($42K).

Portfolio Sells Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -21.7% 9.18% −2.72
USFR Wisdomtree Floating Rate Tre Reduce -6.5% 8.08% −0.70
TFLO iShares Treasury Floating Ra Reduce -14.8% 2.20% −0.43
LEN Lennar Corp. Class A Sold out 0.00% −0.34
TBIL F/M US Treasury 3 Month Bill Reduce -23.6% 0.94% −0.31
V Visa Inc. Class A Reduce -21.5% 0.78% −0.27
NTAP Netapp Inc. Reduce -31.4% 0.71% −0.24
TIP iShares Tips Bond ETF Reduce -3.8% 5.22% −0.23
AVGO Broadcom Inc. Reduce -33.1% 0.85% −0.23
VGSH Vanguard Short-Term Treasury Reduce -4.1% 3.73% −0.21
VTI VG Morningstar TS MKT ETF-US Reduce -7.4% 12.99% −0.20
ETN Eaton Corp. PLC Reduce -20.5% 0.78% −0.17
NOBL Proshares S&P 500 Dividend A Reduce -6.2% 1.89% −0.11
CMCSA Comcast Corp. Class A Reduce -4.0% 0.51% −0.10
KR Kroger Co. Reduce -2.9% 0.89% −0.10
IBM Intl Business Machines Corp. Reduce -2.7% 0.99% −0.09
CL Colgate-Palmolive Co. Reduce -3.2% 0.43% −0.08
SBUX Starbucks Corp. Reduce -3.1% 0.61% −0.08
ORCL Oracle Corp. Sold out 0.00% −0.08
GWW WW Grainger Inc. Sold out 0.00% −0.07
CTSH Cognizant Tech Solutions-A Sold out 0.00% −0.06
PG The Procter & Gamble Co. Reduce -2.7% 0.69% −0.06
LRCX Lam Research Corp. Reduce -32.4% 0.57% −0.05
BMY Bristol-Myers Squibb Co. Reduce -3.3% 0.60% −0.05
GIS General Mills Inc. Reduce -3.0% 0.57% −0.04
CRM Salesforce Inc. Reduce -10.0% 0.10% −0.03
ALSN Allison Transmission Holding Reduce -1.1% 0.18% −0.03
AMGN Amgen Inc. Reduce -3.1% 0.67% −0.02
PTRB Pgim Total Return Bond ETF Reduce -8.0% 0.25% −0.02
META Meta Platforms Inc. Class A Reduce -9.3% 0.18% −0.02
HEFA Isha Curr Hedged MSCI Eafe Reduce -4.1% 1.06% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -21.8% 0.08% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -10.4% 0.09% −0.01
USNA Usana Health Sciences Inc. Reduce -1.0% 0.06% −0.01
MCD McDonald's Corp. Reduce -3.3% 0.71% −0.01
MBB iShares MBS ETF Reduce -3.4% 0.18% −0.01
IVV iShares Core S&P 500 ETF Reduce -9.2% 0.17% −0.01
GILD Gilead Sciences Inc. Reduce -4.8% 0.07% −0.00
SCHD Schwab US DVD Equity ETF Reduce -3.6% 0.18% −0.00
QCOM Qualcomm Inc. Reduce -3.1% 0.70% −0.00
ITW Illinois Tool Works Reduce -4.5% 0.06% −0.00
COP Conocophillips Reduce -2.6% 0.07% +0.00
RIVN Rivian Automotive Inc. Class A Reduce -1.3% 0.05% +0.00
MSFT Microsoft Corp. Reduce -1.8% 0.70% +0.01
MRK Merck & Co. Inc. Reduce -3.3% 0.61% +0.01
XOM Exxon Mobil Corp. Reduce -2.0% 0.63% +0.01
OMC Omnicom Group Reduce -0.9% 0.13% +0.01
LMT Lockheed Martin Corp. Reduce -3.6% 0.72% +0.02
HPQ HP Inc. Reduce -1.1% 0.23% +0.02
VXUS Vanguard Total Intl Stock Reduce -3.9% 3.27% +0.02

Portfolio Buys Q2 2025 → Q3 2025
VBIL Vanguard 0-3M T-Bill ETF Add +42.3% 9.26% +2.66
CSCO Cisco Systems Inc. Add +1057.1% 0.78% +0.71
SCHW Schwab (charles) Corp. New 0.48% +0.48
EXEL Exelixis Inc. New 0.21% +0.21
CALM Cal-Maine Foods Inc. New 0.21% +0.21
PULS Pgim Ultra Short Bond ETF Add +18.9% 0.74% +0.11
CRWD CrowdStrike Holdings Inc. Class A New 0.06% +0.06
BMNR Bitmine Immersion Technologi New 0.06% +0.06
EVR Evercore Inc. Class A New 0.06% +0.06
HOOD Robinhood Markets Inc. Class A New 0.06% +0.06
SU Suncor Energy Inc. New 0.06% +0.06
CVX Chevron Corp. New 0.06% +0.06
TSLA Tesla Inc. Add +8.4% 0.13% +0.04
VTIP Vanguard Short-Term Tips Add +7.8% 0.56% +0.04
SGOV iShares 0-3 Month Treasury B Add +2.7% 2.07% +0.02
KFY Korn Ferry Add +16.0% 0.27% +0.02
LLY Eli Lilly & Co. Add +16.8% 0.17% +0.02
UNH Unitedhealth Group Inc. Add +1.2% 0.14% +0.01
MDY State Street SPDR S&P Midcap Add +1.8% 0.19% +0.01
VOO Vanguard S&P 500 ETF Add +2.4% 0.10% +0.01
RSP Invesco S&P 500 Equal Weight Add +2.8% 0.10% +0.01
MA Mastercard Inc. Class A Add +5.9% 0.08% +0.00
AMZN Amazon.com Inc. Add +4.3% 0.10% +0.00
IEF iShares 7-10 Year Treasury B Add +0.8% 0.72% +0.00
T AT&T Inc. Add +0.1% 0.07% −0.00
VCSH Vanguard S/T Corp. Bond ETF Add +0.1% 0.42% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 110$368.6MVTI, SGOV, VBIL, BIL, TIP
Q1 2026 94$351.3MVTI, SGOV, VBIL, BIL, TIP
Q4 2025 93$357.1MVTI, BIL, VBIL, USFR, TIP
Q3 2025 93$349.5MVTI, VBIL, BIL, USFR, TIP
Q2 2025 88$344.3MVTI, BIL, USFR, VBIL, TIP
Q1 2025 79$346.9MBIL, VTI, USFR, TIP, TFLO
Q4 2024 72$349.7MBIL, VTI, USFR, TFLO, TIP
Q3 2024 81$387.6MBIL, VTI, USFR, SPY, TIP
Q2 2024Amended 389$366.6MBIL, VTI, USFR, SPY, TIP
Q1 2024 78$365.7MBIL, VTI, SPY, SHY, VGSH