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CYPRESS FUNDS LLC

2 followers ·
LOS ANGELES CA Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
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Equal-WT
WhaleScore 1.0 ?

Cypress Funds is based out of Los Angeles. Cypress Funds is a hedge fund with 3 clients and discretionary assets under management (AUM) of $925,262,369 (Form ADV from 2024-05-16). Their last reported 13F filing for Q1 2025 included $1,094,332,337 in managed 13F securities and a top 10 holdings concentration of 85.0%. Cypress Funds's largest holding is Invesco QQQ Trust, Series 1 with shares held of 800,000. Whalewisdom has at least 85 13F filings, and 7 13G filings
Business Description
Cypress has been in business since 1969 and provides investment advice to investment funds, and may in the future manage other accounts. Sumo Gupta is Cypress’s portfolio manager. Peter Carlton and Robert M. Miller, as Co-trustees of the RAD Guarantor Trust dated August 11, 2020, as amended (the “Trust”) are the principal owners Cypress. Cypress generally considers the amount and nature of the research, execution and other services provided by brokers as well as the extent to which the Funds rely on such services, and attempts to allocate brokerage transactions on that basis. Cypress believes that allocating brokerage transactions in this manner helps it obtain research and execution capabilities that benefit the Funds. Cypress's relationships with brokers that provide soft dollar services influence its judgment and create conflicts of interest in allocating brokerage business between firms that provide soft dollar services and firms that do not.
Investment Strategy
Cypress employs a bottom-up, fundamental research and analysis approach in its investment decision-making process. The primary goal is to maximize long-term capital appreciation for the Funds by taking long positions in securities that align with Cypress’s investment objectives. To enhance performance and hedge against market risk, Cypress may also take short positions in certain securities and generally uses a variety of investment techniques, including leverage. Cypress's investment strategy is not exhaustive, and there are no restrictions on the investments Cypress may make for the Funds. Cypress may use any trading or investment techniques, whether or not contemplated by the expected investment strategies described above. Depending on conditions and trends in securities and commodities markets and the economy generally, Cypress may pursue any objectives or use any techniques that it considers appropriate and in the Funds’ interests.
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2025-03-31

Top Buys (13F)

Name % Change
QQQ Invesco QQQ Trust, S (PUT) 14.88%
WMT Walmart Inc 3.25%
TDG Transdigm Group Inco 0.53%

2025-03-31

Top Sells (13F)

Name % Change

2025-03-31

13F Holdings Summary

Name $ Change
QQQ Invesco QQQ Trust, S(PUT) 34.28%
AMZN Amazon.com Inc 8.9%
MSFT Microsoft Corporatio 8.54%
FICO Fair Isaac Corp 6.56%
SPGI S&P Global Inc 4.9%

2025-03-31

13F Activity

Market Value $1.09b, Prior: $0.92b
Inflows (Outflows) as % of Total MV +23.2966%
New Purchases 1 stocks
Added To 2 stocks
Sold out of 0 stocks
Reduced holdings in 0 stocks
Top 10 Holdings % 85.01%
Turnover %[1] 6.25%
Turnover Alt %[2] 0%
Time Held Top 20 12.8125 quarters
Time Held Top 10 12.9 quarters
Time Held All 12.81 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

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2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance