Equal-WT
WhaleScore 2.0
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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 Q2 2024 included $745,158,943 in managed 13F securities
and a top 10 holdings concentration of 89.87%. Cypress Funds's largest holding is Microsoft Corp with shares held of 249,049. Whalewisdom has at least 82 13F filings, and 7 13G filings
Business Description
Cypress, established in 1969, offers investment advice to investment funds. The company may also manage other accounts in the future. Sumo Gupta serves as the portfolio manager, while the Robert A. Day Trust, controlled by Co-Trustees Peter Carlton and Ronald Spogli, holds controlling ownership of Cypress.
Cypress may direct brokerage to brokers in exchange for referrals of prospective investors or clients. This practice creates a conflict of interest as Cypress may refer clients to brokers it would not otherwise use. However, during its last fiscal year, Cypress did not engage in this practice. The portfolio manager regularly reviews client portfolios, considering cash and investment management, company prospects, and market conditions. Investors in the Fund receive annual reports with audited financial statements and monthly summary reports with estimated performance and account balances.
Investment Strategy
Cypress seeks to maximize long-term capital appreciation for clients by taking long positions in securities that satisfy Cypress's investment objectives. They may also seek to increase client performance potential and hedge against general market risk by taking short positions in certain securities. The goal is to buy securities issued by sound businesses at attractive valuations and hold them for the long term while selling short securities issued by flawed businesses at inflated valuations. To help achieve these objectives, Cypress generally uses a variety of investment techniques, including leverage.
Cypress's investment strategies are not exhaustive and there are no restrictions on the types of investments in which Cypress may take positions on the Funds' behalf, the types of positions that they may take, the concentration of their investments, or the amount of leverage that they may use. 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 its clients' interests.
Other Contact Information
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2024-06-30
Top Buys (13F)
Name | % Change |
---|---|
ASML ASML Holding NV | 2.38% |
2024-06-30
Top Sells (13F)
Name | % Change |
---|---|
NVDA NVIDIA Corp | 5.3% |
SE Sea Ltd ADR | 2.81% |
ROKU Roku Inc | 1.34% |
AVGO Broadcom Inc | 1% |
SPGI S&P Global Inc. (McG | 0.63% |
2024-06-30
13F Holdings Summary
Name | $ Change |
---|---|
MSFT Microsoft Corp | 14.94% |
AMZN Amazon.com Inc | 14.69% |
FICO Fair Isaac Corp | 14.33% |
NVDA NVIDIA Corp | 9.25% |
CDNS Cadence Design Syste | 7.39% |
2024-06-30
13F Activity
Market Value | $0.75b, Prior: $0.93b |
Inflows (Outflows) as % of Total MV | (-86.3608)% |
New Purchases | 1 stocks |
Added To | 0 stocks |
Sold out of | 2 stocks |
Reduced holdings in | 12 stocks |
Top 10 Holdings % | 89.87% |
Turnover %[1] | 20% |
Turnover Alt %[2] | 2.38% |
Time Held Top 20 | 12.4615 quarters |
Time Held Top 10 | 11.7 quarters |
Time Held All | 12.46 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.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30