Cypress Capital Management LLC (WY)

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Cypress Capital Management LLC (WY) reported 178 stock positions worth $99.4 million. Its top holding was Apple (AAPL) at 20.9% of the portfolio, followed by Nuveen Nasdaq 100 DYN Overwr (QQQX, 4.6%) and Eaton Vance Tax-MGD Div Eqty (XETYX, 4.5%). Compared with Q2 2025, it opened 16 new positions, sold out of 11, added to 9 and reduced 54. The biggest buy was a new position in Palantir Technologies Class A (PLTR) and the biggest sale an exit from SS SPDR S&P Regional Bank (KRE).

Most Recent 13F
Q2 2026
Location
SHERIDAN, WY
CIK
0001633896
Portfolio Value
$99.4M (Q3 2025)
SEC Filing
0001633896-25-000006 ↗ filed Nov 3, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $91.5M Q1 2024 Q2 2024: $93.2M Q2 2024 Q3 2024: $92.5M Q3 2024 Q4 2024: $87.4M Q4 2024 Q1 2025: $83.7M Q1 2025 Q2 2025: $92.1M Q2 2025 Q3 2025: $99.4M $99.4M Q3 2025 Q4 2025: $103.3M Q4 2025 Q1 2026: $105.1M Q1 2026 Q2 2026: $118.2M Q2 2026

Holdings 178 stocks · $99.4M
AAPL Apple Inc. 20.92% 81,638 $20.8M Reduce -0.2%
QQQX Nuveen Nasdaq 100 DYN Overwr 4.56% 161,739 $4.5M Add +0.4%
XETYX Eaton Vance Tax-MGD Div Eqty 4.49% 280,562 $4.5M Add +0.0%
COST Costco Wholesale Corp. 4.44% 4,768 $4.4M Reduce -2.7%
BGR BlackRock Enrgy & Res TR 4.20% 307,835 $4.2M Add +1.0%
PM Philip Morris International 3.13% 19,177 $3.1M Reduce -2.2%
IJT iShares S&P Small-Cap 600 GR 2.76% 19,358 $2.7M Reduce -3.3%
PHYS Sprott Physical Gold Trust 2.58% 86,507 $2.6M Reduce -3.4%
AMLP Alerian MLP ETF 2.55% 53,911 $2.5M Reduce -2.1%
JPM JPMorgan Chase & Co. 2.54% 7,993 $2.5M Reduce -4.3%
AGI Alamos Gold Inc. Class A 2.41% 68,772 $2.4M Reduce -5.1%
CLS Celestica Inc. 2.29% 9,242 $2.3M Reduce -4.3%
FIBK First Interstate Bancsys-A 2.18% 67,950 $2.2M Reduce -31.2%
CCJ Cameco Corp. 2.17% 25,716 $2.2M Reduce -4.9%
V Visa Inc. Class A 2.06% 5,991 $2.0M Reduce -6.3%
AEM Agnico Eagle Mines Ltd. 1.90% 11,188 $1.9M Reduce -3.1%
NVDA Nvidia Corp. 1.85% 9,846 $1.8M Reduce -2.2%
XOM Exxon Mobil Corp. 1.82% 16,037 $1.8M Reduce -2.7%
PLTR Palantir Technologies Inc. Class A 1.55% 8,469 $1.5M New
CELH Celsius Holdings Inc. 1.48% 25,526 $1.5M Reduce -4.5%
BUI Blckrck Util Infra & PWR Opp filed as BLACKROCK UTILS INFRASTRUCTU 1.46% 55,525 $1.5M Reduce -1.8%
CVX Chevron Corp. 1.45% 9,290 $1.4M Reduce -4.2%
XBMEX BlackRock Health Sciences 1.42% 37,860 $1.4M Reduce -1.8%
SCCO Southern Copper Corp. 1.39% 11,345 $1.4M Reduce -4.1%
JEPI JPMorgan Equity Premium Inco 1.38% 24,063 $1.4M Reduce -4.9%
GOOGL Alphabet Inc. Class A 1.28% 5,221 $1.3M Reduce -2.8%
MSFT Microsoft Corp. 1.22% 2,348 $1.2M Reduce -2.6%
AMD Advanced Micro Devices 1.09% 6,701 $1.1M Reduce -1.5%
AEP American Electric Power 1.08% 9,500 $1.1M Reduce -5.5%
EQT Eqt Corp. 1.04% 18,929 $1.0M Reduce -4.7%
XLV SS Health Care Select Sector 0.96% 6,887 $958K Reduce -8.0%
CVI CVR Energy Inc. 0.95% 25,933 $946K Reduce -5.7%
AMH American Homes 4 Rent- A 0.83% 24,708 $822K Reduce -5.9%
AER Aercap Holdings NV 0.78% 6,431 $778K Reduce -5.7%
NUE Nucor Corp. 0.77% 5,678 $769K Reduce -8.8%
BRK.A Berkshire Hathaway Inc. Class A 0.76% 1 $754K No change
AMZN Amazon.com Inc. 0.73% 3,314 $728K Add +13.3%
YDES YD Bio Ltd. 0.59% 29,990 $584K New
RVT Royce Small-Cap Trust Inc. 0.53% 32,523 $525K New
EPD Enterprise Products Partners 0.42% 13,475 $421K Reduce -2.2%
IGV iShares Expanded Tech-Softwa 0.34% 2,930 $337K Reduce -7.8%
RACE Ferrari NV 0.32% 650 $315K No change
ABT Abbott Laboratories 0.30% 2,189 $293K No change
GLD SPDR Gold Shares 0.28% 774 $275K No change
SCHG Schwab US Large-Cap Growth 0.28% 8,588 $274K Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 537 $270K No change
PG The Procter & Gamble Co. 0.27% 1,725 $265K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.26% 3,333 $261K Reduce -4.4%
RTX RTX Corp. 0.25% 1,490 $249K Reduce -1.6%
ET Energy Transfer LP 0.24% 13,900 $239K Reduce -30.1%
MO Altria Group Inc. 0.20% 2,900 $195K No change
QQQ Invesco QQQ Trust Series 1 0.19% 315 $189K No change
CRM Salesforce Inc. 0.19% 775 $184K Reduce -3.1%
HON Honeywell International Inc. 0.18% 828 $174K No change
PCT Purecycle Technologies Inc. 0.17% 12,821 $169K New
VENU Venu Holding Corp. filed as VENU HLDG CORP 0.16% 12,280 $157K Add +32.3%
RSG Republic Services Inc. 0.16% 680 $156K Reduce -9.4%
MCD McDonald's Corp. 0.15% 500 $152K No change
USB US Bancorp 0.15% 3,102 $150K No change
NFLX Netflix Inc. 0.15% 124 $149K Add +12300.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.14% 1,571 $137K Reduce -1.8%
GRAL Grail Inc. 0.14% 2,300 $136K Add +64.3%
IYG iShares U.S. Financial Servi 0.13% 1,392 $125K Reduce -0.2%
DGX Quest Diagnostics Inc. 0.12% 600 $114K No change
JNJ Johnson & Johnson 0.11% 611 $113K No change
PEP Pepsico Inc. 0.11% 774 $109K No change
MMM 3M Co. 0.10% 661 $103K No change
EMR Emerson Electric Co. 0.09% 675 $89K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.09% 180 $86K No change
XLK SS Technology Select Sector 0.09% 304 $86K No change
EOS Eaton Vance Enh Eqt Inc. II 0.09% 3,550 $85K No change
LOPE Grand Canyon Education Inc. 0.08% 375 $82K No change
CL Colgate-Palmolive Co. 0.08% 1,000 $80K No change
KMB Kimberly-Clark Corp. 0.08% 616 $77K No change
COF Capital One Financial Corp. 0.08% 355 $75K No change
SMH Vaneck Semiconductor ETF 0.08% 231 $75K Reduce -3.4%
LLY Eli Lilly & Co. 0.08% 98 $75K Reduce -11.7%
KO The Coca-Cola Co. 0.08% 1,118 $75K No change
VIG Vanguard Dividend Apprec ETF 0.07% 318 $69K No change
EW Edwards Lifesciences Corp. 0.07% 830 $65K No change
CARR Carrier Global Corp. 0.06% 1,060 $63K Reduce -12.4%
WFC Wells Fargo & Co. 0.06% 702 $59K No change
ITW Illinois Tool Works 0.06% 220 $58K No change
VZ Verizon Communications Inc. 0.06% 1,297 $57K Reduce -27.8%
ITA iShares U.S. Aerospace & Def 0.05% 260 $54K No change
ENB Enbridge Inc. 0.05% 1,078 $54K No change
K Kellanova 0.05% 653 $54K No change
FNGS Microsectors Fang+ Etns filed as BANK MONTREAL MEDIUM 0.05% 723 $51K Reduce -3.0%
UAL United Airlines Holdings Inc. 0.05% 500 $48K New
FCX Freeport-McMoran Inc. 0.05% 1,217 $48K Reduce -0.2%
UFOX Defiance Space and Connectiv 0.05% 771 $48K Reduce -0.3%
NRIM Northrim Bancorp Inc. 0.05% 2,184 $47K Add +0.7%
OTIS Otis Worldwide Corp. 0.05% 500 $46K No change
XEXGX Eaton Vance Tax-Managed Glob 0.05% 5,000 $46K No change
ABBV Abbvie Inc. 0.04% 169 $39K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.04% 601 $39K No change
CVNA Carvana Co. 0.04% 100 $38K No change
DVY iShares Select Dividend ETF 0.04% 261 $37K No change
O Realty Income Corp. 0.04% 609 $37K No change
XLF SS Financial Select Sector 0.04% 687 $37K No change
XLI SS Industrial Select Sector 0.04% 235 $36K No change
LMT Lockheed Martin Corp. 0.04% 71 $35K No change
T AT&T Inc. 0.04% 1,244 $35K No change
VLO Valero Energy Corp. 0.03% 200 $34K New
OKE Oneok Inc. 0.03% 466 $34K No change
PSA Public Storage 0.03% 96 $28K No change
SBUX Starbucks Corp. 0.03% 324 $27K No change
HOOD Robinhood Markets Inc. Class A 0.03% 175 $25K No change
UBER Uber Technologies Inc. 0.02% 235 $23K No change
NBIS Nebius Group NV 0.02% 200 $22K Reduce -33.3%
ARCC Ares Capital Corp. 0.02% 1,000 $20K No change
DKNG Draftkings Inc. Class A 0.02% 502 $19K Add +25000.0%
BAR Graniteshares Gold Trust 0.02% 485 $18K No change
KHC The Kraft Heinz Co. 0.02% 669 $17K No change
GOOG Alphabet Inc. Class C 0.02% 70 $17K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 25 $17K Reduce -16.7%
MRK Merck & Co. Inc. 0.02% 185 $16K Reduce -44.8%
SCHX Schwab US Large-Cap ETF 0.02% 578 $15K No change
BND Vanguard Total Bond Market 0.01% 200 $15K No change
ARI Apollo Commercial Real Estat 0.01% 1,333 $14K Reduce -91.8%
XLB SS Materials Select Sector 0.01% 150 $13K No change
IGF iShares Global Infrastructur 0.01% 198 $12K No change
SMCI Super Micro Computer Inc. 0.01% 250 $12K No change
VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 0.01% 346 $11K New
USO United States Oil Fund LP 0.01% 150 $11K Reduce -40.0%
VCIT Vanguard Int-Term Corporate 0.01% 120 $10K No change
B Barrick Mining Corp. 0.01% 300 $10K No change
BKH Black Hills Corp. 0.01% 150 $9K No change
RGR Sturm Ruger & Co. Inc. 0.01% 200 $9K No change
BSM Black Stone Minerals LP 0.01% 600 $8K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 84 $7K No change
IWY iShares Russell Top 200 Grow 0.01% 22 $6K No change
PSEC Prospect Capital Corp. 0.01% 2,145 $6K No change
LX Lexinfintech Holdings L-ADR 0.01% 1,000 $5K No change
BABA Alibaba Group Holding-SP ADR 0.01% 28 $5K No change
BA The Boeing Co. 0.01% 23 $5K No change
CRK Comstock Resources Inc. 0.01% 250 $5K No change
SILJ Amplify Junior Silver Miners 0.00% 209 $5K No change
NKE Nike Inc. Class B 0.00% 64 $4K No change
LPX Louisiana-Pacific Corp. 0.00% 50 $4K No change
SCHM Schwab US Mid Cap ETF 0.00% 141 $4K No change
GME Gamestop Corp. Class A 0.00% 150 $4K No change
IEMG iShares Core MSCI Emerging 0.00% 49 $3K No change
RIVN Rivian Automotive Inc. Class A 0.00% 190 $3K New
OUT Outfront Media Inc. 0.00% 146 $3K No change
TEL Te Connectivity PLC 0.00% 12 $3K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 50 $3K New
SLV iShares Silver Trust 0.00% 50 $2K No change
SOLV Solventum Corp. 0.00% 25 $2K No change
SPSM SS SPDR P S&P 600 Small Cap 0.00% 38 $2K No change
PCY Invesco Emerging Markets Sov 0.00% 80 $2K No change
SCHV Schwab US Large-Cap Value 0.00% 45 $1K No change
AAOI Applied Optoelectronics Inc. 0.00% 50 $1K No change
JCI Johnson Controls Internation 0.00% 11 $1K New
F Ford Motor Co. filed as FORD MTR CO 0.00% 100 $1K No change
TLT iShares 20+ Year Treasury BD 0.00% 13 $1K No change
PRGO Perrigo Co. PLC 0.00% 50 $1K No change
MDT Medtronic PLC 0.00% 11 $1K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 9 $1K No change
SNAP Snap Inc. Class A 0.00% 100 $771 No change
C Citigroup Inc. 0.00% 5 $508 New
AMC AMC Entertainment HLDS Class A 0.00% 146 $423 Reduce -6.4%
QTRX Quanterix Corp. 0.00% 60 $326 No change
CRON Cronos Group Inc. 0.00% 100 $278 No change
PSLV Sprott Physical Silver Trust 0.00% 15 $236 No change
GDX Vaneck Gold Miners ETF 0.00% 3 $229 No change
PNR Pentair PLC 0.00% 2 $222 New
GDXJ Vaneck Junior Gold Miners 0.00% 2 $198 No change
NVT Nvent Electric PLC 0.00% 2 $197 New
ACGL Arch Capital Group Ltd. 0.00% 2 $181 No change
TAP Molson Coors Beverage Co. Class B 0.00% 2 $91 No change
BTU Peabody Energy Corp. 0.00% 3 $80 No change
PBR Petroleo Brasileiro-Spon ADR 0.00% 4 $51 No change
ITRMF Iterum Therapeutics PLC 0.00% 66 $44 New
UUP Invesco DB US Dollar Index B 0.00% 1 $28 No change
NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC 0.00% 2 $20 No change
AMPE Ampio Pharmaceuticals Inc. 0.00% 440 $1 No change
NKLAQ Nikola Corp. 0.00% 33 $1 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.0M (not counted above)
SecurityClassShares / PrincipalValueChange
YDESW YD Bio Ltd. -30 *W EXP 08/28/203 4,239,696$9.0MNew

Total filed on the 13F, all lines: $108.4M.

Portfolio Sells Q2 2025 → Q3 2025
KRE SS SPDR S&P Regional Bank Sold out 0.00% −1.77
FIBK First Interstate Bancsys-A Reduce -31.2% 2.18% −0.91
COST Costco Wholesale Corp. Reduce -2.7% 4.44% −0.83
PM Philip Morris International Reduce -2.2% 3.13% −0.74
V Visa Inc. Class A Reduce -6.3% 2.06% −0.41
AMLP Alerian MLP ETF Reduce -2.1% 2.55% −0.37
EQT Eqt Corp. Reduce -4.7% 1.04% −0.22
AMH American Homes 4 Rent- A Reduce -5.9% 0.83% −0.20
JEPI JPMorgan Equity Premium Inco Reduce -4.9% 1.38% −0.18
ARI Apollo Commercial Real Estat Reduce -91.8% 0.01% −0.16
ET Energy Transfer LP Reduce -30.1% 0.24% −0.15
IJT iShares S&P Small-Cap 600 GR Reduce -3.3% 2.76% −0.14
XLV SS Health Care Select Sector Reduce -8.0% 0.96% −0.13
BUI Blckrck Util Infra & PWR Opp Reduce -1.8% 1.46% −0.12
XOM Exxon Mobil Corp. Reduce -2.7% 1.82% −0.11
XBMEX BlackRock Health Sciences Reduce -1.8% 1.42% −0.11
NUE Nucor Corp. Reduce -8.8% 0.77% −0.10
JPM JPMorgan Chase & Co. Reduce -4.3% 2.54% −0.09
AER Aercap Holdings NV Reduce -5.7% 0.78% −0.08
MSFT Microsoft Corp. Reduce -2.6% 1.22% −0.08
AEP American Electric Power Reduce -5.5% 1.08% −0.06
CVX Chevron Corp. Reduce -4.2% 1.45% −0.06
CRM Salesforce Inc. Reduce -3.1% 0.19% −0.05
BKE The Buckle Inc. Sold out 0.00% −0.04
RSG Republic Services Inc. Reduce -9.4% 0.16% −0.04
EPD Enterprise Products Partners Reduce -2.2% 0.42% −0.04
IGV iShares Expanded Tech-Softwa Reduce -7.8% 0.34% −0.04
CARR Carrier Global Corp. Reduce -12.4% 0.06% −0.03
VZ Verizon Communications Inc. Reduce -27.8% 0.06% −0.03
ACRE Ares Commercial Real Estate Sold out 0.00% −0.03
PENN Penn Entertainment Inc. Sold out 0.00% −0.02
LLY Eli Lilly & Co. Reduce -11.7% 0.08% −0.02
MRK Merck & Co. Inc. Reduce -44.8% 0.02% −0.01
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -4.4% 0.26% −0.01
MTDR Matador Resources Co. Sold out 0.00% −0.01
FCX Freeport-McMoran Inc. Reduce -0.2% 0.05% −0.01
USO United States Oil Fund LP Reduce -40.0% 0.01% −0.01
LUMN Lumen Technologies Inc. Sold out 0.00% −0.01
SM SM Energy Co. Sold out 0.00% −0.01
CCJ Cameco Corp. Reduce -4.9% 2.17% −0.01
APA Apa Corp. Sold out 0.00% −0.00
IYG iShares U.S. Financial Servi Reduce -0.2% 0.13% −0.00
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -1.8% 0.14% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -16.7% 0.02% −0.00
APPS Digital Turbine Inc. Sold out 0.00% −0.00
FNGS Microsectors Fang+ Etns Reduce -3.0% 0.05% −0.00
SKGR SK Growth Opportunities Co. Class A Sold out 0.00% −0.00
AMC AMC Entertainment HLDS Class A Reduce -6.4% 0.00% −0.00
FL Foot Locker Inc. Sold out 0.00% −0.00
SCHG Schwab US Large-Cap Growth Reduce -0.2% 0.28% +0.00

Portfolio Buys Q2 2025 → Q3 2025
PLTR Palantir Technologies Inc. Class A New 1.55% +1.55
YDES YD Bio Ltd. New 0.59% +0.59
RVT Royce Small-Cap Trust Inc. New 0.53% +0.53
PCT Purecycle Technologies Inc. New 0.17% +0.17
NFLX Netflix Inc. Add +12300.0% 0.15% +0.15
GRAL Grail Inc. Add +64.3% 0.14% +0.06
UAL United Airlines Holdings Inc. New 0.05% +0.05
VENU Venu Holding Corp. Add +32.3% 0.16% +0.04
AMZN Amazon.com Inc. Add +13.3% 0.73% +0.04
VLO Valero Energy Corp. New 0.03% +0.03
DKNG Draftkings Inc. Class A Add +25000.0% 0.02% +0.02
VXX Ipath Series B S&P 500 Vix New 0.01% +0.01
RIVN Rivian Automotive Inc. Class A New 0.00% +0.00
TEL Te Connectivity PLC New 0.00% +0.00
BAC Bank of America Corp. New 0.00% +0.00
JCI Johnson Controls Internation New 0.00% +0.00
MDT Medtronic PLC New 0.00% +0.00
C Citigroup Inc. New 0.00% +0.00
NVT Nvent Electric PLC New 0.00% +0.00
PNR Pentair PLC New 0.00% +0.00
ITRMF Iterum Therapeutics PLC New 0.00% 0.00
NRIM Northrim Bancorp Inc. Add +0.7% 0.05% −0.01
QQQX Nuveen Nasdaq 100 DYN Overwr Add +0.4% 4.56% −0.16
BGR BlackRock Enrgy & Res TR Add +1.0% 4.20% −0.18
XETYX Eaton Vance Tax-MGD Div Eqty Add +0.0% 4.49% −0.22

Notes & Other Activity Q2 2025 → Q3 2025
YDESW YD Bio Ltd. -30 *W EXP 08/28/203 New 4,239,696 $9.0M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 211$118.2MAAPL, QQQX, XETYX, RVT, BGR
Q1 2026 202$105.1MAAPL, XETYX, QQQX, BGR, COST
Q4 2025 205$103.3MAAPL, QQQX, XETYX, BGR, COST
Q3 2025 178$99.4MAAPL, QQQX, XETYX, COST, BGR
Q2 2025 173$92.1MAAPL, COST, QQQX, XETYX, BGR
Q1 2025 163$83.7MAAPL, COST, AGI, PM, FIBK
Q4 2024 150$87.4MAAPL, COST, FIBK, IJT, AMLP
Q3 2024 162$92.5MAAPL, COST, GLD, GDX, FIBK
Q2 2024 165$93.2MAAPL, COST, GLD, GDX, FIBK
Q1 2024 168$91.5MAAPL, TLT, GLD, COST, FIBK