CYPRESS FUNDS LLC

CIK

1081198

Location

Los Angeles, CA

Portfolio Value

Small $604,664,712

Diversification

Diversified

Filing Date

Global Rank

#2,203 / 8,420 ▼ 149

Top Industry

Software - Application 17.1%

3Y Alpha vs SPY

-5.0%

Period ended 6 months ago

Filed Jan 20, 2026 · 5mo

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+56.0%

SPY

+76.3%

Annualised alpha

-4.8%

Max drawdown

−22.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

14 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

13.5%

+0.1 pts

Top 5

52.2%

+1.5 pts

Top 10

83.8%

+2.0 pts

HHI

845

Diversified+26

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Technology	54.2%	$327,751,000	8
Financial Services	14.4%	$86,939,953	2
Consumer Cyclical	13.5%	$81,650,035	1
Communication Services	6.1%	$36,627,734	1
Consumer Defensive	6.0%	$36,171,707	1
Industrials	5.9%	$35,524,283	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	−88,484	353,739	$81,650,035
NVDA	Nvidia Corp	−81,614	324,404	$60,501,346
WMT	Walmart Inc.	−80,077	324,672	$36,171,707
MSFT	Microsoft Corp	−39,596	158,203	$76,510,134
AAPL	Apple Inc.	−29,550	118,747	$32,282,559
AVGO	Broadcom Inc.	−29,088	115,766	$40,066,612
CDNS	Cadence Design Systems Inc	−25,030	99,787	$31,191,420
SPGI	S&P Global Inc.	−21,005	84,608	$44,215,294
MA	Mastercard Inc	−18,678	74,840	$42,724,659
META	Meta Platforms, Inc.	−13,987	55,489	$36,627,734
TYL	Tyler Technologies Inc	−10,802	42,787	$19,423,158
FICO	Fair Isaac Corp	−7,654	31,276	$52,875,831
TDG	TransDigm Group INC	−6,631	26,713	$35,524,283
ASML	Asml Holding NV	−3,444	13,927	$14,899,940
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
CMG	Chipotle Mexican Grill Inc	360,720	$14,136,616
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

14 positions · $604,664,712 total · as of Dec 31, 2025

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	353,739	-88,484	$81,650,035	−15.9%	13.50%
MSFT	Microsoft Corp Technology	Reduced	158,203	-39,596	$76,510,134	−25.3%	12.65%
NVDA	Nvidia Corp Technology	Reduced	324,404	-81,614	$60,501,346	−20.1%	10.01%
FICO	Fair Isaac Corp Technology	Reduced	31,276	-7,654	$52,875,831	−9.2%	8.74%
SPGI	S&P Global Inc. Financial Services	Reduced	84,608	-21,005	$44,215,294	−14.0%	7.31%
MA	Mastercard Inc Financial Services	Reduced	74,840	-18,678	$42,724,659	−19.7%	7.07%
AVGO	Broadcom Inc. Technology	Reduced	115,766	-29,088	$40,066,612	−16.2%	6.63%
META	Meta Platforms, Inc. Communication Services	Reduced	55,489	-13,987	$36,627,734	−28.2%	6.06%
WMT	Walmart Inc. Consumer Defensive	Reduced	324,672	-80,077	$36,171,707	−13.3%	5.98%
TDG	TransDigm Group INC Industrials	Reduced	26,713	-6,631	$35,524,283	−19.2%	5.88%
AAPL	Apple Inc. Technology	Reduced	118,747	-29,550	$32,282,559	−14.5%	5.34%
CDNS	Cadence Design Systems Inc Technology	Reduced	99,787	-25,030	$31,191,420	−28.9%	5.16%
TYL	Tyler Technologies Inc Technology	Reduced	42,787	-10,802	$19,423,158	−30.7%	3.21%
ASML	Asml Holding NV Technology	Reduced	13,927	-3,444	$14,899,940	−11.4%	2.46%