Cypress Funds LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Cypress Funds LLC reported 15 stock positions worth $763.2 million. Its top holding was Microsoft (MSFT) at 13.4% of the portfolio, followed by Amazon.com (AMZN, 12.7%) and Nvidia (NVDA, 9.9%). Compared with Q2 2025, it reduced 7. The biggest sale was Chipotle Mexican Grill (CMG, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001081198
- Portfolio Value
- $763.2M (Q3 2025)
- SEC Filing
- 0001081198-25-000019 ↗ filed Nov 7, 2025
Holdings Value
Holdings 15 stocks · $763.2M
| MSFT Microsoft Corp. | 13.42% | 197,799 | $102.4M | Reduce -20.6% |
| AMZN Amazon.com Inc. | 12.72% | 442,223 | $97.1M | Reduce -13.6% |
| NVDA Nvidia Corp. | 9.93% | 406,018 | $75.8M | Reduce -14.5% |
| FICO Fair Isaac Corp. | 7.63% | 38,930 | $58.3M | No change |
| MA Mastercard Inc. Class A | 6.97% | 93,518 | $53.2M | No change |
| SPGI S&P Global Inc. | 6.74% | 105,613 | $51.4M | No change |
| META Meta Platforms Inc. Class A | 6.68% | 69,476 | $51.0M | Reduce -23.1% |
| AVGO Broadcom Inc. | 6.26% | 144,854 | $47.8M | Reduce -14.3% |
| TDG Transdigm Group Inc. | 5.76% | 33,344 | $43.9M | No change |
| CDNS Cadence Design SYS Inc. | 5.74% | 124,817 | $43.8M | Reduce -30.2% |
| WMT Walmart Inc. | 5.47% | 404,749 | $41.7M | No change |
| AAPL Apple Inc. | 4.95% | 148,297 | $37.8M | No change |
| TYL Tyler Technologies Inc. | 3.67% | 53,589 | $28.0M | No change |
| ASML ASML Holding NV-NY Reg SHS | 2.20% | 17,371 | $16.8M | No change |
| CMG Chipotle Mexican Grill Inc. | 1.85% | 360,720 | $14.1M | Reduce -26.5% |
Portfolio Sells Q2 2025 → Q3 2025
| CMG Chipotle Mexican Grill Inc. | Reduce -26.5% | 1.85% | −1.38 |
| META Meta Platforms Inc. Class A | Reduce -23.1% | 6.68% | −1.13 |
| MSFT Microsoft Corp. | Reduce -20.6% | 13.42% | −1.10 |
| CDNS Cadence Design SYS Inc. | Reduce -30.2% | 5.74% | −0.72 |
| AMZN Amazon.com Inc. | Reduce -13.6% | 12.72% | −0.45 |
| AVGO Broadcom Inc. | Reduce -14.3% | 6.26% | +0.80 |
| NVDA Nvidia Corp. | Reduce -14.5% | 9.93% | +1.13 |
Portfolio Buys Q2 2025 → Q3 2025
| None this quarter. | |||
Options Activity Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 700,000 | $386.1Mbefore exit |
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 |