Cypress Capital Management LLC (WY)
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Cypress Capital Management LLC (WY) reported 205 stock positions worth $103.3 million. Its top holding was Apple (AAPL) at 21.6% of the portfolio, followed by Nuveen Nasdaq 100 DYN Overwr (QQQX, 4.5%) and Eaton Vance Tax-MGD Div Eqty (XETYX, 4.3%). Compared with Q3 2025, it opened 34 new positions, sold out of 7, added to 33 and reduced 39. The biggest buy was Royce Small-Cap Trust (RVT, shares +484%) and the biggest sale CVR Energy (CVI, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- SHERIDAN, WY
- CIK
- 0001633896
- Portfolio Value
- $103.3M (Q4 2025)
- SEC Filing
- 0001633896-26-000001 ↗ filed Feb 9, 2026
Holdings Value
Holdings 205 stocks · $103.3M
| AAPL Apple Inc. | 21.62% | 82,132 | $22.3M | Add +0.6% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 4.49% | 162,599 | $4.6M | Add +0.5% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 4.27% | 287,207 | $4.4M | Add +2.4% |
| BGR BlackRock Enrgy & Res TR | 4.03% | 307,695 | $4.2M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 3.78% | 4,527 | $3.9M | Reduce -5.0% |
| RVT Royce Small-Cap Trust Inc. | 2.96% | 189,871 | $3.1M | Add +483.8% |
| PHYS Sprott Physical Gold Trust | 2.76% | 86,466 | $2.9M | Reduce -0.1% |
| IJT iShares S&P Small-Cap 600 GR | 2.64% | 19,333 | $2.7M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.60% | 8,346 | $2.7M | Add +4.4% |
| AGI Alamos Gold Inc. Class A | 2.57% | 68,710 | $2.7M | Reduce -0.1% |
| AMLP Alerian MLP ETF | 2.43% | 53,445 | $2.5M | Reduce -0.9% |
| CCJ Cameco Corp. | 2.33% | 26,330 | $2.4M | Add +2.4% |
| PM Philip Morris International | 2.32% | 14,942 | $2.4M | Reduce -22.1% |
| CLS Celestica Inc. | 2.31% | 8,053 | $2.4M | Reduce -12.9% |
| FIBK First Interstate Bancsys-A | 2.27% | 67,795 | $2.3M | Reduce -0.2% |
| V Visa Inc. Class A | 1.93% | 5,685 | $2.0M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 1.87% | 16,088 | $1.9M | Add +0.3% |
| AEM Agnico Eagle Mines Ltd. | 1.83% | 11,174 | $1.9M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.81% | 10,043 | $1.9M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 1.60% | 5,267 | $1.6M | Add +0.9% |
| SCCO Southern Copper Corp. | 1.58% | 11,368 | $1.6M | Add +0.2% |
| XBMEX BlackRock Health Sciences | 1.51% | 37,860 | $1.6M | No change |
| PLTR Palantir Technologies Inc. Class A | 1.46% | 8,469 | $1.5M | No change |
| AMD Advanced Micro Devices | 1.44% | 6,947 | $1.5M | Add +3.7% |
| BUI Blckrck Util Infra & PWR Opp filed as BLACKROCK UTILS INFRASTRUCTU | 1.39% | 56,030 | $1.4M | Add +0.9% |
| CVX Chevron Corp. | 1.30% | 8,822 | $1.3M | Reduce -5.0% |
| CELH Celsius Holdings Inc. | 1.15% | 26,046 | $1.2M | Add +2.0% |
| MSFT Microsoft Corp. | 1.07% | 2,294 | $1.1M | Reduce -2.3% |
| AEP American Electric Power | 1.03% | 9,250 | $1.1M | Reduce -2.6% |
| XLV SS Health Care Select Sector | 0.99% | 6,627 | $1.0M | Reduce -3.8% |
| EQT Eqt Corp. | 0.95% | 18,217 | $976K | Reduce -3.8% |
| MP MP Materials Corp. | 0.92% | 18,868 | $953K | New |
| JEPI JPMorgan Equity Premium Inco | 0.91% | 16,260 | $938K | Reduce -32.4% |
| AER Aercap Holdings NV | 0.89% | 6,422 | $923K | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.75% | 3,337 | $770K | Add +0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.73% | 1 | $755K | No change |
| PCT Purecycle Technologies Inc. | 0.61% | 73,153 | $628K | Add +470.6% |
| SMR Nuscale Power Corp. | 0.58% | 42,572 | $603K | New |
| EPD Enterprise Products Partners | 0.39% | 12,600 | $404K | Reduce -6.5% |
| YDES YD Bio Ltd. | 0.33% | 27,540 | $336K | Reduce -8.2% |
| GLD SPDR Gold Shares | 0.30% | 774 | $307K | No change |
| IGV iShares Expanded Tech-Softwa | 0.29% | 2,825 | $299K | Reduce -3.6% |
| RTX RTX Corp. | 0.27% | 1,524 | $280K | Add +2.3% |
| ABT Abbott Laboratories | 0.27% | 2,189 | $274K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 537 | $270K | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.26% | 3,333 | $267K | No change |
| SCHG Schwab US Large-Cap Growth | 0.26% | 8,123 | $265K | Reduce -5.4% |
| RACE Ferrari NV | 0.23% | 650 | $240K | No change |
| PG The Procter & Gamble Co. | 0.22% | 1,583 | $227K | Reduce -8.2% |
| CRM Salesforce Inc. | 0.20% | 792 | $210K | Add +2.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 341 | $209K | Add +8.3% |
| ET Energy Transfer LP | 0.20% | 12,400 | $204K | Reduce -10.8% |
| GRAL Grail Inc. | 0.19% | 2,300 | $197K | No change |
| HON Honeywell International Inc. | 0.17% | 885 | $173K | Add +6.9% |
| MO Altria Group Inc. | 0.16% | 2,900 | $170K | No change |
| USB US Bancorp | 0.16% | 3,102 | $166K | No change |
| MCD McDonald's Corp. | 0.16% | 535 | $164K | Add +7.0% |
| RSG Republic Services Inc. | 0.14% | 680 | $144K | No change |
| JNJ Johnson & Johnson | 0.13% | 649 | $134K | Add +6.2% |
| IYG iShares U.S. Financial Servi | 0.12% | 1,384 | $128K | Reduce -0.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 2,936 | $125K | Reduce -6.6% |
| PEP Pepsico Inc. | 0.12% | 838 | $121K | Add +8.3% |
| VENU Venu Holding Corp. filed as VENU HLDG CORP | 0.12% | 14,280 | $120K | Add +16.3% |
| NFLX Netflix Inc. | 0.11% | 1,240 | $116K | No change |
| MMM 3M Co. | 0.10% | 661 | $106K | No change |
| DGX Quest Diagnostics Inc. | 0.10% | 600 | $104K | No change |
| LLY Eli Lilly & Co. | 0.10% | 95 | $102K | Reduce -3.1% |
| EMR Emerson Electric Co. | 0.09% | 675 | $90K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 180 | $88K | No change |
| XLK SS Technology Select Sector | 0.08% | 608 | $88K | No change |
| COF Capital One Financial Corp. | 0.08% | 355 | $86K | No change |
| KO The Coca-Cola Co. | 0.08% | 1,219 | $85K | Add +9.0% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.08% | 3,550 | $83K | No change |
| SMH Vaneck Semiconductor ETF | 0.08% | 227 | $82K | Reduce -1.7% |
| CL Colgate-Palmolive Co. | 0.08% | 1,000 | $79K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 318 | $70K | No change |
| EW Edwards Lifesciences Corp. | 0.06% | 780 | $66K | Reduce -6.0% |
| FCX Freeport-McMoran Inc. | 0.06% | 1,300 | $66K | Add +6.8% |
| WFC Wells Fargo & Co. | 0.06% | 702 | $65K | No change |
| LOPE Grand Canyon Education Inc. | 0.06% | 375 | $62K | No change |
| NRIM Northrim Bancorp Inc. | 0.06% | 2,197 | $58K | Add +0.6% |
| UAL United Airlines Holdings Inc. | 0.05% | 500 | $56K | No change |
| ITA iShares U.S. Aerospace & Def | 0.05% | 260 | $56K | No change |
| UFOX Defiance Space and Connectiv | 0.05% | 862 | $55K | Add +11.8% |
| ITW Illinois Tool Works | 0.05% | 220 | $55K | No change |
| VZ Verizon Communications Inc. | 0.05% | 1,321 | $54K | Add +1.9% |
| ENB Enbridge Inc. | 0.05% | 1,078 | $52K | No change |
| FNGS Microsectors Fang+ Etns filed as BANK MONTREAL MEDIUM | 0.05% | 723 | $49K | No change |
| KMB Kimberly-Clark Corp. | 0.05% | 472 | $48K | Reduce -23.4% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.05% | 5,000 | $48K | No change |
| CARR Carrier Global Corp. | 0.04% | 860 | $45K | Reduce -18.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.04% | 601 | $44K | No change |
| OTIS Otis Worldwide Corp. | 0.04% | 500 | $44K | No change |
| CVNA Carvana Co. | 0.04% | 100 | $42K | No change |
| ABBV Abbvie Inc. | 0.04% | 169 | $39K | No change |
| XLF SS Financial Select Sector | 0.04% | 687 | $38K | No change |
| DVY iShares Select Dividend ETF | 0.04% | 261 | $37K | No change |
| XLI SS Industrial Select Sector | 0.04% | 235 | $36K | No change |
| O Realty Income Corp. | 0.04% | 641 | $36K | Add +5.3% |
| LMT Lockheed Martin Corp. | 0.03% | 71 | $34K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.4M (not counted above)
Total filed on the 13F, all lines: $107.7M.
Portfolio Sells Q3 2025 → Q4 2025
| CVI CVR Energy Inc. | Reduce -99.9% | 0.00% | −0.95 |
| AMH American Homes 4 Rent- A | Reduce -99.9% | 0.00% | −0.83 |
| PM Philip Morris International | Reduce -22.1% | 2.32% | −0.81 |
| NUE Nucor Corp. | Reduce -100.0% | 0.00% | −0.77 |
| COST Costco Wholesale Corp. | Reduce -5.0% | 3.78% | −0.66 |
| JEPI JPMorgan Equity Premium Inco | Reduce -32.4% | 0.91% | −0.47 |
| YDES YD Bio Ltd. | Reduce -8.2% | 0.33% | −0.26 |
| BGR BlackRock Enrgy & Res TR | Reduce -0.1% | 4.03% | −0.17 |
| CVX Chevron Corp. | Reduce -5.0% | 1.30% | −0.15 |
| MSFT Microsoft Corp. | Reduce -2.3% | 1.07% | −0.15 |
| V Visa Inc. Class A | Reduce -5.1% | 1.93% | −0.13 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -0.1% | 2.64% | −0.11 |
| AMLP Alerian MLP ETF | Reduce -0.9% | 2.43% | −0.11 |
| EQT Eqt Corp. | Reduce -3.8% | 0.95% | −0.09 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.1% | 1.83% | −0.06 |
| K Kellanova | Sold out | 0.00% | −0.05 |
| IGV iShares Expanded Tech-Softwa | Reduce -3.6% | 0.29% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -8.2% | 0.22% | −0.05 |
| AEP American Electric Power | Reduce -2.6% | 1.03% | −0.04 |
| ET Energy Transfer LP | Reduce -10.8% | 0.20% | −0.04 |
| EPD Enterprise Products Partners | Reduce -6.5% | 0.39% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -23.4% | 0.05% | −0.03 |
| T AT&T Inc. | Reduce -55.7% | 0.01% | −0.02 |
| CARR Carrier Global Corp. | Reduce -18.9% | 0.04% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -5.4% | 0.26% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -98.5% | 0.00% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -6.6% | 0.12% | −0.02 |
| IGF iShares Global Infrastructur | Sold out | 0.00% | −0.01 |
| USO United States Oil Fund LP | Sold out | 0.00% | −0.01 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.00 |
| GME Gamestop Corp. Class A | Sold out | 0.00% | −0.00 |
| BND Vanguard Total Bond Market | Reduce -12.5% | 0.01% | −0.00 |
| ARI Apollo Commercial Real Estat | Reduce -7.5% | 0.01% | −0.00 |
| IYG iShares U.S. Financial Servi | Reduce -0.6% | 0.12% | −0.00 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.00 |
| EW Edwards Lifesciences Corp. | Reduce -6.0% | 0.06% | −0.00 |
| SCHV Schwab US Large-Cap Value | Reduce -33.3% | 0.00% | −0.00 |
| NKLAQ Nikola Corp. | Sold out | 0.00% | 0.00 |
| SMH Vaneck Semiconductor ETF | Reduce -1.7% | 0.08% | +0.00 |
| CLS Celestica Inc. | Reduce -12.9% | 2.31% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -3.1% | 0.10% | +0.02 |
| XLV SS Health Care Select Sector | Reduce -3.8% | 0.99% | +0.03 |
| FIBK First Interstate Bancsys-A | Reduce -0.2% | 2.27% | +0.09 |
| AER Aercap Holdings NV | Reduce -0.1% | 0.89% | +0.11 |
| AGI Alamos Gold Inc. Class A | Reduce -0.1% | 2.57% | +0.15 |
| PHYS Sprott Physical Gold Trust | Reduce -0.1% | 2.76% | +0.19 |
Portfolio Buys Q3 2025 → Q4 2025
| RVT Royce Small-Cap Trust Inc. | Add +483.8% | 2.96% | +2.43 |
| MP MP Materials Corp. | New | 0.92% | +0.92 |
| AAPL Apple Inc. | Add +0.6% | 21.62% | +0.70 |
| SMR Nuscale Power Corp. | New | 0.58% | +0.58 |
| PCT Purecycle Technologies Inc. | Add +470.6% | 0.61% | +0.44 |
| AMD Advanced Micro Devices | Add +3.7% | 1.44% | +0.35 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 1.60% | +0.32 |
| SCCO Southern Copper Corp. | Add +0.2% | 1.58% | +0.19 |
| CCJ Cameco Corp. | Add +2.4% | 2.33% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +4.4% | 2.60% | +0.07 |
| XOM Exxon Mobil Corp. | Add +0.3% | 1.87% | +0.06 |
| PUMP Propetro Holding Corp. | New | 0.02% | +0.02 |
| RTX RTX Corp. | Add +2.3% | 0.27% | +0.02 |
| CRM Salesforce Inc. | Add +2.2% | 0.20% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +6.2% | 0.13% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +6.8% | 0.06% | +0.02 |
| PLD Prologis Inc. | New | 0.02% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.7% | 0.75% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.3% | 0.20% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| BKH Black Hills Corp. | Add +100.0% | 0.02% | +0.01 |
| MRK Merck & Co. Inc. | Add +39.5% | 0.03% | +0.01 |
| REEMF Rare Element Resources Ltd. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | New | 0.01% | +0.01 |
| NRIM Northrim Bancorp Inc. | Add +0.6% | 0.06% | +0.01 |
| META Meta Platforms Inc. Class A | New | 0.01% | +0.01 |
| PEP Pepsico Inc. | Add +8.3% | 0.12% | +0.01 |
| CVS CVS Health Corp. | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | Add +9.0% | 0.08% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.01% | +0.01 |
| CCI Crown Castle Inc. | New | 0.01% | +0.01 |
| URA Global X Uranium ETF | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | New | 0.01% | +0.01 |
| XBI SS SPDR S&P Biotech ETF | New | 0.01% | +0.01 |
| BX Blackstone Inc. | New | 0.01% | +0.01 |
| UFOX Defiance Space and Connectiv | Add +11.8% | 0.05% | +0.01 |
| MCD McDonald's Corp. | Add +7.0% | 0.16% | +0.01 |
| BSX Boston Scientific Corp. | New | 0.00% | +0.00 |
| IBM Intl Business Machines Corp. | New | 0.00% | +0.00 |
| GE General Electric | New | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | New | 0.00% | +0.00 |
| MOD Modine Manufacturing Co. | New | 0.00% | +0.00 |
| PFE Pfizer Inc. | New | 0.00% | +0.00 |
| HD Home Depot Inc. | New | 0.00% | +0.00 |
| TGT Target Corp. | New | 0.00% | +0.00 |
| ITB iShares U.S. Home Constructi | New | 0.00% | +0.00 |
| C Citigroup Inc. | Add +660.0% | 0.00% | +0.00 |
| CSCO Cisco Systems Inc. | New | 0.00% | +0.00 |
| CAT Caterpillar Inc. | New | 0.00% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| YDESW YD Bio Ltd. -30 | *W EXP 08/28/203 | Add +4.9% | 4,448,658 | $4.4M |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Add +6666.7% | 1,015 | $3K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 211 | $118.2M | AAPL, QQQX, XETYX, RVT, BGR |
| Q1 2026 | 202 | $105.1M | AAPL, XETYX, QQQX, BGR, COST |
| Q4 2025 | 205 | $103.3M | AAPL, QQQX, XETYX, BGR, COST |
| Q3 2025 | 178 | $99.4M | AAPL, QQQX, XETYX, COST, BGR |
| Q2 2025 | 173 | $92.1M | AAPL, COST, QQQX, XETYX, BGR |
| Q1 2025 | 163 | $83.7M | AAPL, COST, AGI, PM, FIBK |
| Q4 2024 | 150 | $87.4M | AAPL, COST, FIBK, IJT, AMLP |
| Q3 2024 | 162 | $92.5M | AAPL, COST, GLD, GDX, FIBK |
| Q2 2024 | 165 | $93.2M | AAPL, COST, GLD, GDX, FIBK |
| Q1 2024 | 168 | $91.5M | AAPL, TLT, GLD, COST, FIBK |