Cypress Funds LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cypress Funds LLC reported 14 stock positions worth $769.5 million. Its top holding was Fair Isaac (FICO) at 14.7% of the portfolio, followed by Microsoft (MSFT, 13.9%) and Amazon.com (AMZN, 13.7%). Compared with Q2 2024, it opened 1 new position and reduced 3. The biggest buy was a new position in Transdigm (TDG) and the biggest sale Nvidia (NVDA, shares −15%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001081198
Portfolio Value
$769.5M (Q3 2024)
SEC Filing
0001081198-24-000010 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $931.8M Q1 2024 Q2 2024: $745.2M Q2 2024 Q3 2024: $769.5M $769.5M Q3 2024 Q4 2024: $743.5M Q4 2024 Q1 2025: $719.2M Q1 2025 Q2 2025: $853.0M Q2 2025 Q3 2025: $763.2M Q3 2025 Q4 2025: $604.7M Q4 2025 Q1 2026: $397.6M Q1 2026 Q2 2026: $314.1M Q2 2026

Holdings 14 stocks · $769.5M
FICO Fair Isaac Corp. 14.74% 58,361 $113.4M Reduce -18.6%
MSFT Microsoft Corp. 13.93% 249,049 $107.2M No change
AMZN Amazon.com Inc. 13.72% 566,533 $105.6M No change
NVDA Nvidia Corp. 7.49% 474,794 $57.7M Reduce -14.9%
SPGI S&P Global Inc. 7.09% 105,613 $54.6M No change
META Meta Platforms Inc. Class A 6.72% 90,327 $51.7M No change
CDNS Cadence Design SYS Inc. 6.30% 178,916 $48.5M No change
MA Mastercard Inc. Class A 6.00% 93,518 $46.2M No change
AVGO Broadcom Inc. 5.86% 261,613 $45.1M Reduce -20.7%
AAPL Apple Inc. 4.49% 148,297 $34.6M No change
TYL Tyler Technologies Inc. 4.07% 53,589 $31.3M No change
TDG Transdigm Group Inc. 4.03% 21,730 $31.0M New
CMG Chipotle Mexican Grill Inc. 3.67% 490,750 $28.3M No change
ASML ASML Holding NV-NY Reg SHS 1.88% 17,371 $14.5M No change

Options reported separately and not counted above: QQQ puts ($161.1M).

Portfolio Sells Q2 2024 → Q3 2024
NVDA Nvidia Corp. Reduce -14.9% 7.49% −1.76
AVGO Broadcom Inc. Reduce -20.7% 5.86% −1.25
FICO Fair Isaac Corp. Reduce -18.6% 14.74% +0.41

Portfolio Buys Q2 2024 → Q3 2024
TDG Transdigm Group Inc. New 4.03% +4.03

Options Activity Q2 2024 → Q3 2024
QQQ Invesco QQQ Trust Series 1 put New 330,000 $161.1M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$314.1MAMZN, NVDA, MSFT, AVGO, MA
Q1 2026 14$397.6MAMZN, MSFT, NVDA, WMT, MA
Q4 2025 14$604.7MAMZN, MSFT, NVDA, FICO, SPGI
Q3 2025 15$763.2MMSFT, AMZN, NVDA, FICO, MA
Q2 2025 15$853.0MMSFT, AMZN, NVDA, FICO, META
Q1 2025Amended 15$719.2MAMZN, MSFT, FICO, SPGI, META
Q4 2024 14$743.5MAMZN, MSFT, FICO, NVDA, CDNS
Q3 2024 14$769.5MFICO, MSFT, AMZN, NVDA, SPGI
Q2 2024 13$745.2MMSFT, AMZN, FICO, NVDA, CDNS
Q1 2024 14$931.8MNVDA, MSFT, AMZN, FICO, AVGO