Cypress Funds LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Cypress Funds LLC reported 14 stock positions worth $743.5 million. Its top holding was Amazon.com (AMZN) at 15.1% of the portfolio, followed by Microsoft (MSFT, 14.1%) and Fair Isaac (FICO, 10.4%). Compared with Q3 2024, it reduced 3. The biggest sale was Fair Isaac (FICO, shares −33%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001081198
Portfolio Value
$743.5M (Q4 2024)
SEC Filing
0001081198-25-000005 ↗ filed Feb 11, 2025

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 Q3 2024 Q4 2024: $743.5M $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 · $743.5M
AMZN Amazon.com Inc. 15.11% 512,032 $112.3M Reduce -9.6%
MSFT Microsoft Corp. 14.12% 249,049 $105.0M No change
FICO Fair Isaac Corp. 10.42% 38,930 $77.5M Reduce -33.3%
NVDA Nvidia Corp. 8.58% 474,794 $63.8M No change
CDNS Cadence Design SYS Inc. 7.23% 178,916 $53.8M No change
META Meta Platforms Inc. Class A 7.11% 90,327 $52.9M No change
SPGI S&P Global Inc. 7.07% 105,613 $52.6M No change
MA Mastercard Inc. Class A 6.62% 93,518 $49.2M No change
AVGO Broadcom Inc. 5.27% 169,111 $39.2M Reduce -35.4%
AAPL Apple Inc. 5.00% 148,297 $37.1M No change
TYL Tyler Technologies Inc. 4.16% 53,589 $30.9M No change
CMG Chipotle Mexican Grill Inc. 3.98% 490,750 $29.6M No change
TDG Transdigm Group Inc. 3.70% 21,730 $27.5M No change
ASML ASML Holding NV-NY Reg SHS 1.62% 17,371 $12.0M No change

Options reported separately and not counted above: INVESCO QQQ TR puts ($178.9M).

Portfolio Sells Q3 2024 → Q4 2024
FICO Fair Isaac Corp. Reduce -33.3% 10.42% −4.32
AVGO Broadcom Inc. Reduce -35.4% 5.27% −0.59
AMZN Amazon.com Inc. Reduce -9.6% 15.11% +1.39

Portfolio Buys Q3 2024 → Q4 2024
None this quarter.

Options Activity Q3 2024 → Q4 2024
INVESCO QQQ TR put New 350,000 $178.9M
QQQ Invesco QQQ Trust Series 1 put Sold out 330,000 $161.1Mbefore exit

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