Cypress Funds LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Cypress Funds LLC reported 15 stock positions worth $853.0 million. Its top holding was Microsoft (MSFT) at 14.5% of the portfolio, followed by Amazon.com (AMZN, 13.2%) and Nvidia (NVDA, 8.8%). Compared with Q1 2025, it added to 1. The biggest buy was Transdigm (TDG, shares +20%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001081198
- Portfolio Value
- $853.0M (Q2 2025)
- SEC Filing
- 0000924171-25-000010 ↗ filed Jul 16, 2025
Holdings Value
Holdings 15 stocks · $853.0M
| MSFT Microsoft Corp. | 14.52% | 249,049 | $123.9M | No change |
| AMZN Amazon.com Inc. | 13.17% | 512,032 | $112.3M | No change |
| NVDA Nvidia Corp. | 8.79% | 474,794 | $75.0M | No change |
| FICO Fair Isaac Corp. | 8.34% | 38,930 | $71.2M | No change |
| META Meta Platforms Inc. Class A | 7.82% | 90,327 | $66.7M | No change |
| SPGI S&P Global Inc. | 6.53% | 105,613 | $55.7M | No change |
| CDNS Cadence Design SYS Inc. | 6.46% | 178,916 | $55.1M | No change |
| MA Mastercard Inc. Class A | 6.16% | 93,518 | $52.6M | No change |
| TDG Transdigm Group Inc. | 5.94% | 33,344 | $50.7M | Add +19.9% |
| AVGO Broadcom Inc. | 5.46% | 169,111 | $46.6M | No change |
| WMT Walmart Inc. | 4.64% | 404,749 | $39.6M | No change |
| TYL Tyler Technologies Inc. | 3.72% | 53,589 | $31.8M | No change |
| AAPL Apple Inc. | 3.57% | 148,297 | $30.4M | No change |
| CMG Chipotle Mexican Grill Inc. | 3.23% | 490,750 | $27.6M | No change |
| ASML ASML Holding NV-NY Reg SHS | 1.63% | 17,371 | $13.9M | No change |
Options reported separately and not counted above: QQQ puts ($386.1M).
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
| TDG Transdigm Group Inc. | Add +19.9% | 5.94% | +0.60 |
Options Activity Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -12.5% | 700,000 | $386.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $314.1M | AMZN, NVDA, MSFT, AVGO, MA |
| Q1 2026 | 14 | $397.6M | AMZN, MSFT, NVDA, WMT, MA |
| Q4 2025 | 14 | $604.7M | AMZN, MSFT, NVDA, FICO, SPGI |
| Q3 2025 | 15 | $763.2M | MSFT, AMZN, NVDA, FICO, MA |
| Q2 2025 | 15 | $853.0M | MSFT, AMZN, NVDA, FICO, META |
| Q1 2025Amended | 15 | $719.2M | AMZN, MSFT, FICO, SPGI, META |
| Q4 2024 | 14 | $743.5M | AMZN, MSFT, FICO, NVDA, CDNS |
| Q3 2024 | 14 | $769.5M | FICO, MSFT, AMZN, NVDA, SPGI |
| Q2 2024 | 13 | $745.2M | MSFT, AMZN, FICO, NVDA, CDNS |
| Q1 2024 | 14 | $931.8M | NVDA, MSFT, AMZN, FICO, AVGO |