CYPRESS FUNDS LLC

Registered adviser

CIK

1081198

Location

Los Angeles, CA

Portfolio Value

Small $314,091,724

Diversification

Diversified

Filing Date

Global Rank

#5,119 / 8,827 ▼ 1034

Top Industry

Semiconductors 19.7%

Period ended 4 months ago

Filed Aug 7, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 107502

Roster of Nov 1, 2026

Regulatory AUM

$723,184,760

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$723,184,760 gross assets

LEI

5493003CS7I00TO9VT34

Private funds on Schedule D 7.B.(1)

As filed May 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$925,262,369 gross assets in 1 fund Hedge funds $925,262,369 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$723,184,760	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$804,471,975	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$925,262,369	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$783,108,638	Pooled investment vehicles (100%)
Apr 2023	$783,108,638	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$1,199,027,972	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 84.9% of the book (60%+)

Turnover

Low turnover

3.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.1 quarters (12+), a floor since 60.5% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 72.6%; sector active share 35.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

14 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

15.1%

+0.7 pts

Top 5

52.3%

+0.2 pts

Top 10

84.9%

+0.1 pts

HHI

865

Diversified+13

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	49.2%	$154,460,566	7
Consumer Cyclical	15.1%	$47,318,116	1
Financial Services	13.1%	$41,090,046	2
Communication Services	9.7%	$30,532,284	2
Consumer Defensive	6.6%	$20,635,518	1
Industrials	6.4%	$20,055,194	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

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	−75,709	198,532	$47,318,116
WMT	Walmart Inc.	−69,888	182,196	$20,635,518
NVDA	Nvidia Corp	−67,250	184,636	$36,943,817
FWONK	Liberty Media Corp	−49,912	135,485	$12,890,042
MSFT	Microsoft Corp	−33,212	89,465	$33,372,234
AVGO	Broadcom Inc.	−24,287	65,613	$24,785,310
CDNS	Cadence Design Systems Inc	−21,080	56,386	$21,162,793
SPGI	S&P Global Inc.	−18,039	47,588	$19,380,688
MA	Mastercard Inc	−15,784	42,269	$21,709,358
AAPL	Apple Inc.	−12,623	34,692	$10,038,477
META	Meta Platforms, Inc.	−11,800	31,320	$17,642,242
TYL	Tyler Technologies Inc	−8,934	23,864	$6,979,265
FICO	Fair Isaac Corp	−6,557	17,726	$21,178,670
TDG	TransDigm Group INC	−5,632	15,056	$20,055,194
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

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

14 tracked positions · $314,091,724 total · filing declares 14 positions · $314,091,731 · as of Jun 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	198,532	-75,709	$47,318,116	−17.2%	26+	before history	15.07%
NVDA	Nvidia Corp Technology	Reduced	184,636	-67,250	$36,943,817	−15.9%	26+	before history	11.76%
MSFT	Microsoft Corp Technology	Reduced	89,465	-33,212	$33,372,234	−26.5%	26+	before history	10.62%
AVGO	Broadcom Inc. Technology	Reduced	65,613	-24,287	$24,785,310	−10.9%	11	$108.01	7.89%
MA	Mastercard Inc Financial Services	Reduced	42,269	-15,784	$21,709,358	−25.2%	26+	before history	6.91%
FICO	Fair Isaac Corp Technology	Reduced	17,726	-6,557	$21,178,670	−18.3%	26+	before history	6.74%
CDNS	Cadence Design Systems Inc Technology	Reduced	56,386	-21,080	$21,162,793	−1.7%	11	$265.06	6.74%
WMT	Walmart Inc. Consumer Defensive	Reduced	182,196	-69,888	$20,635,518	−34.1%	6	$93.81	6.57%
TDG	TransDigm Group INC Industrials	Reduced	15,056	-5,632	$20,055,194	−16.4%	8	$1,323.66	6.39%
SPGI	S&P Global Inc. Financial Services	Reduced	47,588	-18,039	$19,380,688	−30.6%	26+	before history	6.17%
META	Meta Platforms, Inc. Communication Services	Reduced	31,320	-11,800	$17,642,242	−28.5%	10	$446.07	5.62%
FWONK	Liberty Media Corp Communication Services	Reduced	135,485	-49,912	$12,890,042	−18.2%	2	$87.41	4.10%
AAPL	Apple Inc. Technology	Reduced	34,692	-12,623	$10,038,477	−16.4%	26+	before history	3.20%
TYL	Tyler Technologies Inc Technology	Reduced	23,864	-8,934	$6,979,265	−37.8%	11	$407.60	2.22%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.