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Livermore
Livermore
ZHEN

Cypress Capital, LLC

SEC CIK
0001729939
Latest filing
Jul 17, 2026

The latest 13F from Cypress Capital, LLC covers Q2 2026 (filed Jul 17, 2026): 110 long positions worth $368.6M. The top 10 holdings make up 60.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 13.5%. Livermore has 33 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
18
Est. +$9.01M
Added
25
Est. +$2.05M
Reduced
64
Est. −$13.4M
Sold out
2
Est. −$468.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    13.5%$49.9M
  2. iShares Tr46436E718
    9.9%$36.4M
  3. Vanguard Instl Index FD922040845
    9.3%$34.4M
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    9.3%$34.4M
  5. iShares Tips Bond ETF464287176
    4.8%$17.7M

Biggest buys

New and added positions, by estimated amount bought

  1. UNPUnion Pacific Corp
    +$3.09MNewHistory
  2. TOLToll Brothers, Inc.
    +$1.91MNewHistory
  3. RBB FD Inc74933W452
    +$706.8KAdded
  4. BlackRock ETF Trust09290C749
    +$518.0KNew
  5. AMDAdvanced Micro Devices Inc
    +$378.8KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. UNPUnion Pacific Corp
    +0.84 pp0.0% → 0.8%History
  2. TOLToll Brothers, Inc.
    +0.52 pp0.0% → 0.5%History
  3. Vanguard Morningstar Value ETF922908744
    +0.16 pp2.1% → 2.2%
  4. BlackRock ETF Trust09290C749
    +0.14 pp0.0% → 0.1%
  5. RBB FD Inc74933W452
    +0.12 pp1.5% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LRCXLam Research Corp
    −$2.22MReducedHistory
  2. Vanguard Morningstar Total Stock Market ETF922908769
    −$1.36MReduced
  3. CSCOCisco Systems, Inc.
    −$1.27MReducedHistory
  4. NTAPNetApp, Inc.
    −$1.00MReducedHistory
  5. QCOMQualcomm Inc
    −$903.3KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr46436E718
    −0.68 pp10.6% → 9.9%
  2. Vanguard Instl Index FD922040845
    −0.66 pp10.0% → 9.3%
  3. SGOLabrdn Gold ETF Trust
    −0.66 pp3.3% → 2.6%History
  4. iShares Tips Bond ETF464287176
    −0.32 pp5.1% → 4.8%
  5. KRKroger Co
    −0.27 pp1.0% → 0.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$368.6M
+$17.3M (+4.9%) vs. prior quarter
Positions
110
+16 vs. prior quarter
Top 10 concentration
60.1%
Top 10 as share of value
Turnover
3.1%
Q2 2026, one quarter
Average holding period
14.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $877.2M (Q4 2021)

Q1 2021: $245.1MQ2 2021: $102.3MQ3 2021: $787.4MQ4 2021: $877.2MQ1 2022: $815.9MQ2 2022: $702.1MQ3 2022: $283.8MQ4 2022: $319.0MQ1 2023: $319.8MQ2 2023: $347.8MQ3 2023: $341.0MQ4 2023: $351.5MQ1 2024: $365.7MQ2 2024: $366.6MQ3 2024: $387.6MQ4 2024: $349.7MQ1 2025: $346.9MQ2 2025: $344.3MQ3 2025: $349.5MQ4 2025: $357.1MQ1 2026: $351.3MQ2 2026: $368.6M
Q1 2021Q2 2026
13F filings of Cypress Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026110$368.6MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Instl Index FDvs. Q1 2026SEC
Q1 2026Apr 28, 202694$351.3MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Instl Index FDvs. Q4 2025SEC
Q4 2025Feb 6, 202693$357.1MVanguard Morningstar Total Stock Market ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Instl Index FDvs. Q3 2025SEC
Q3 2025Oct 23, 202593$349.5MVanguard Morningstar Total Stock Market ETFVanguard Instl Index FDState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2025SEC
Q2 2025Aug 7, 202588$344.3MVanguard Morningstar Total Stock Market ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFWisdomTree Trvs. Q1 2025SEC
Q1 2025Apr 25, 202579$346.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFWisdomTree Trvs. Q4 2024SEC
Q4 2024Feb 3, 202572$349.7MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFWisdomTree Trvs. Q3 2024SEC
Q3 2024Nov 12, 202481$387.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFWisdomTree Trvs. Q2 2024SEC
Q2 2024Oct 28, 2024Amended389$366.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFWisdomTree Trvs. Q1 2024SECSEC
Q1 2024Oct 29, 202478$365.7MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFSPYvs. Q4 2023SEC
Q4 2023Dec 2, 2024Amended77$351.5MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFiShares Trvs. Q3 2023SECSEC
Q3 2023Dec 2, 2024Amended82$341.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFiShares Trvs. Q2 2023SECSEC
Q2 2023Dec 2, 2024Amended85$347.8MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFSPYvs. Q1 2023SECSEC
Q1 2023Dec 10, 2024Amended74$319.8MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFSPYvs. Q4 2022SECSEC
Q4 2022Dec 26, 2024Amended82$319.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Morningstar Total Stock Market ETFSPYvs. Q3 2022SECSEC
Q3 2022Dec 26, 2024Amended88$283.8MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Scottsdale FDSvs. Q2 2022SECSEC
Q2 2022Dec 26, 2024Amended177$702.1MADBEVanguard Morningstar Total Stock Market ETFDHRvs. Q1 2022SECSEC
Q1 2022Dec 26, 2024Amended210$815.9MADBEVanguard Morningstar Total Stock Market ETFDHRvs. Q4 2021SECSEC
Q4 2021Dec 26, 2024Amended210$877.2MADBEDHRVanguard Morningstar Total Stock Market ETFvs. Q3 2021SECSEC
Q3 2021Feb 10, 2022188$787.4MADBEVanguard Morningstar Total Stock Market ETFDHRvs. Q2 2021SEC
Q2 2021Aug 16, 202191$102.3MSPYAAPLCSCOvs. Q1 2021SEC
Q1 2021May 17, 2021120$245.1MVanguard Morningstar Total Stock Market ETFVanguard Scottsdale FDSiShares Tr–SEC