Cypress Funds LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed July 15, 2026), Cypress Funds LLC reported 15 stock positions worth $719.2 million. Its top holding was Amazon.com (AMZN) at 13.5% of the portfolio, followed by Microsoft (MSFT, 13.0%) and Fair Isaac (FICO, 10.0%). Compared with Q4 2024, it opened 1 new position and added to 1. The biggest buy was a new position in Walmart (WMT).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001081198
Portfolio Value
$719.2M (Q1 2025)
SEC Filing
0001081198-26-000018 ↗ filed Jul 15, 2026

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 Q4 2024 Q1 2025: $719.2M $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 15 stocks · $719.2M
AMZN Amazon.com Inc. 13.55% 512,032 $97.4M No change
MSFT Microsoft Corp. 13.00% 249,049 $93.5M No change
FICO Fair Isaac Corp. 9.98% 38,930 $71.8M No change
SPGI S&P Global Inc. 7.46% 105,613 $53.7M No change
META Meta Platforms Inc. Class A 7.24% 90,327 $52.1M No change
NVDA Nvidia Corp. 7.16% 474,794 $51.5M No change
MA Mastercard Inc. Class A 7.13% 93,518 $51.3M No change
CDNS Cadence Design SYS Inc. 6.33% 178,916 $45.5M No change
TDG Transdigm Group Inc. 5.35% 27,799 $38.5M Add +27.9%
WMT Walmart Inc. 4.94% 404,749 $35.5M New
AAPL Apple Inc. 4.58% 148,297 $32.9M No change
TYL Tyler Technologies Inc. 4.33% 53,589 $31.2M No change
AVGO Broadcom Inc. 3.94% 169,111 $28.3M No change
CMG Chipotle Mexican Grill Inc. 3.43% 490,750 $24.6M No change
ASML ASML Holding NV-NY Reg SHS 1.60% 17,371 $11.5M No change

Options reported separately and not counted above: QQQ puts ($375.1M).

Portfolio Sells Q4 2024 → Q1 2025
None this quarter.

Portfolio Buys Q4 2024 → Q1 2025
WMT Walmart Inc. New 4.94% +4.94
TDG Transdigm Group Inc. Add +27.9% 5.35% +1.64

Options Activity Q4 2024 → Q1 2025
QQQ Invesco QQQ Trust Series 1 put New 800,000 $375.1M
INVESCO QQQ TR put Sold out 350,000 $178.9Mbefore 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