Cypress Capital 13F annual report

Cypress Capital is an investment fund managing more than $825 billion ran by Patrick Dillon. There are currently 253 companies in Mr. Dillon’s portfolio. The largest investments include Ishares Tr and Eli Lilly & Co, together worth $125 billion.

Limited to 30 biggest holdings

$825 billion Assets Under Management (AUM)

As of 1st May 2024, Cypress Capital’s top holding is 451,475 shares of Ishares Tr currently worth over $79.1 billion and making up 9.6% of the portfolio value. In addition, the fund holds 58,436 shares of Eli Lilly & Co worth $45.5 billion. The third-largest holding is Apple Inc worth $36.7 billion and the next is Microsoft worth $35.9 billion, with 85,229 shares owned.

Currently, Cypress Capital's portfolio is worth at least $825 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Cypress Capital

The Cypress Capital office and employees reside in Palm Beach, Florida. According to the last 13-F report filed with the SEC, Patrick Dillon serves as the Chief Compliance Officer at Cypress Capital.

Recent trades

In the most recent 13F filing, Cypress Capital revealed that it had opened a new position in Invesco Exchange Traded Fd T and bought 81,129 shares worth $8.93 billion.

The investment fund also strengthened its position in Eli Lilly & Co by buying 524 additional shares. This makes their stake in Eli Lilly & Co total 58,436 shares worth $45.5 billion.

On the other hand, there are companies that Cypress Capital is getting rid of from its portfolio. Cypress Capital closed its position in Gartner on 8th May 2024. It sold the previously owned 2,482 shares for $1.12 billion. Patrick Dillon also disclosed a decreased stake in Ishares Tr by 0.2%. This leaves the value of the investment at $79.1 billion and 451,475 shares.

One of the average hedge funds

The two most similar investment funds to Cypress Capital are Taurus Asset Management and Barton Investment Management. They manage $824 billion and $824 billion respectively.


Patrick Dillon investment strategy

Cypress Capital’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 12.5% of the total portfolio value. The fund focuses on investments in the United States as 62.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 62% of the total holdings value. On the other hand, small-cap stocks make up only 1.6% of the portfolio. The average market cap of the portfolio companies is close to $120 billion.

The complete list of Cypress Capital trades based on 13F SEC filings

These positions were updated on May 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
16.63%
451,475
$79,118,554,000 9.59%
Eli Lilly & Co
0.90%
58,436
$45,460,863,000 5.51%
Apple Inc
1.80%
213,966
$36,690,794,000 4.45%
Microsoft Corporation
0.67%
85,229
$35,857,543,000 4.35%
Visa Inc
1.71%
75,333
$21,023,940,000 2.55%
Abbvie Inc
3.55%
114,859
$20,915,876,000 2.54%
Lockheed Martin Corp.
0.75%
34,063
$15,494,047,000 1.88%
Berkshire Hathaway Inc.
11.12%
35,296
$15,476,694,000 1.88%
JPMorgan Chase & Co.
1.04%
70,872
$14,195,695,000 1.72%
Johnson & Johnson
1.60%
81,316
$12,863,398,000 1.56%
Amazon.com Inc.
9.71%
66,385
$11,974,538,000 1.45%
NVIDIA Corp
5.04%
13,224
$11,948,683,000 1.45%
Spdr S&p 500 Etf Tr
1.93%
20,496
$10,721,010,000 1.30%
Phillips 66
0.25%
64,918
$10,603,728,000 1.29%
Mastercard Incorporated
2.35%
20,826
$10,028,997,000 1.22%
Tjx Cos Inc New
1.22%
98,795
$10,019,790,000 1.21%
Select Sector Spdr Tr
13.78%
134,727
$18,555,217,000 2.25%
Home Depot, Inc.
0.64%
24,775
$9,503,507,000 1.15%
Accenture Plc Ireland
11.31%
27,208
$9,430,579,000 1.14%
Exxon Mobil Corp.
1.83%
80,710
$9,381,734,000 1.14%
Invesco Exchange Traded Fd T
Opened
81,129
$8,928,271,000 1.08%
Abbott Labs
0.10%
78,085
$8,875,152,000 1.08%
Chevron Corp.
1.09%
56,186
$8,862,816,000 1.07%
Mcdonalds Corp
0.33%
28,863
$8,137,949,000 0.99%
Walmart Inc
197.19%
132,811
$7,991,262,000 0.97%
CME Group Inc
4.84%
33,979
$7,315,353,000 0.89%
Lowes Cos Inc
5.76%
28,563
$7,275,981,000 0.88%
Paychex Inc.
2.63%
55,634
$6,831,913,000 0.83%
Pioneer Nat Res Co
1.94%
25,587
$6,716,652,000 0.81%
Alphabet Inc
1.37%
80,481
$12,205,060,000 1.48%
Ishares Inc
16.29%
109,719
$7,501,481,000 0.91%
Costco Whsl Corp New
2.45%
8,440
$6,183,400,000 0.75%
Blackrock Inc.
2.97%
7,276
$6,066,041,000 0.74%
Merck & Co Inc
1.79%
45,472
$6,000,056,000 0.73%
Pepsico Inc
0.77%
33,823
$5,919,377,000 0.72%
Adobe Inc
9.96%
11,248
$5,675,739,000 0.69%
Broadcom Inc.
2.30%
4,140
$5,487,187,000 0.67%
Bristol-Myers Squibb Co.
1.76%
100,993
$5,476,851,000 0.66%
Cencora Inc.
10.70%
22,242
$5,404,643,000 0.66%
Coterra Energy Inc
2.55%
187,306
$5,222,091,000 0.63%
Intuit Inc
2.44%
7,588
$4,932,200,000 0.60%
Philip Morris International Inc
3.53%
53,558
$4,906,997,000 0.59%
Unitedhealth Group Inc
27.89%
9,744
$4,820,367,000 0.58%
Cisco Sys Inc
0.16%
96,193
$4,801,005,000 0.58%
Pacer Fds Tr
Opened
95,241
$4,682,048,000 0.57%
Procter And Gamble Co
0.24%
26,949
$4,372,471,000 0.53%
AMGEN Inc.
3.50%
15,030
$4,273,328,000 0.52%
Disney Walt Co
2.42%
34,443
$4,214,447,000 0.51%
Intel Corp.
11.90%
92,697
$4,094,437,000 0.50%
Ishares Gold Tr
3.82%
97,141
$4,080,899,000 0.49%
Starbucks Corp.
18.76%
43,708
$3,994,485,000 0.48%
Linde Plc.
30.15%
8,587
$3,987,112,000 0.48%
Valero Energy Corp.
1.97%
23,264
$3,970,942,000 0.48%
Qualcomm, Inc.
62.17%
23,262
$3,938,264,000 0.48%
3M Co.
4.76%
36,778
$3,901,056,000 0.47%
Gilead Sciences, Inc.
0.78%
51,008
$3,736,348,000 0.45%
Pfizer Inc.
10.33%
133,656
$3,708,959,000 0.45%
RTX Corp
1.71%
37,910
$3,697,377,000 0.45%
Verizon Communications Inc
1.41%
76,067
$3,191,774,000 0.39%
Coca-Cola Co
0.27%
51,431
$3,146,555,000 0.38%
Altria Group Inc.
7.70%
71,628
$3,124,420,000 0.38%
Eaton Corp Plc
3.00%
9,970
$3,117,417,000 0.38%
Duke Energy Corp.
5.77%
31,819
$3,077,231,000 0.37%
Zoetis Inc
0.33%
17,869
$3,023,621,000 0.37%
Texas Instrs Inc
3.39%
17,205
$2,997,283,000 0.36%
International Business Machs
5.61%
15,577
$2,974,587,000 0.36%
NextEra Energy Inc
4.88%
43,888
$2,804,899,000 0.34%
Lam Research Corp.
4.64%
2,867
$2,785,497,000 0.34%
Sherwin-Williams Co.
1.65%
7,733
$2,685,907,000 0.33%
American Elec Pwr Co Inc
2.83%
31,035
$2,672,122,000 0.32%
United Parcel Service, Inc.
6.79%
17,896
$2,659,887,000 0.32%
Fedex Corp
2.32%
9,055
$2,623,606,000 0.32%
Ross Stores, Inc.
2.85%
17,700
$2,597,651,000 0.31%
S&P Global Inc
1.75%
6,018
$2,560,362,000 0.31%
Taiwan Semiconductor Mfg Ltd
37.56%
18,734
$2,548,778,000 0.31%
Colgate-Palmolive Co.
5.17%
27,605
$2,485,856,000 0.30%
Conocophillips
0.65%
18,848
$2,398,973,000 0.29%
Automatic Data Processing In
1.60%
9,357
$2,336,853,000 0.28%
L3Harris Technologies Inc
6.92%
10,369
$2,209,643,000 0.27%
Dow Inc
10.12%
37,268
$2,158,944,000 0.26%
Salesforce Inc
2.77%
7,019
$2,113,982,000 0.26%
Air Prods & Chems Inc
8.47%
8,494
$2,057,918,000 0.25%
Avery Dennison Corp.
0.82%
9,080
$2,027,114,000 0.25%
Vanguard Index Fds
5.10%
24,585
$4,782,991,000 0.58%
Mckesson Corporation
16.33%
3,658
$1,963,581,000 0.24%
Snap-on, Inc.
4.83%
6,560
$1,943,001,000 0.24%
Price T Rowe Group Inc
5.59%
15,620
$1,904,389,000 0.23%
First Tr Exch Traded Fd Iii
9.02%
80,479
$2,634,483,000 0.32%
First Tr Exchange-traded Fd
13.61%
51,694
$3,010,864,000 0.37%
Alibaba Group Hldg Ltd
119.19%
24,854
$1,798,436,000 0.22%
American Tower Corp.
25.63%
9,087
$1,795,502,000 0.22%
Cardinal Health, Inc.
3.92%
15,863
$1,775,071,000 0.22%
Caterpillar Inc.
0.52%
4,746
$1,739,078,000 0.21%
Stryker Corp.
2.32%
4,713
$1,686,637,000 0.20%
Oracle Corp.
3.05%
12,698
$1,594,995,000 0.19%
Netflix Inc.
220.33%
2,537
$1,540,797,000 0.19%
Nucor Corp.
1.15%
7,644
$1,512,816,000 0.18%
Lennar Corp.
2.08%
8,572
$1,474,264,000 0.18%
Comcast Corp New
3.26%
33,241
$1,441,002,000 0.17%
Molson Coors Beverage Company
174.83%
19,876
$1,336,666,000 0.16%
Marathon Pete Corp
1.21%
6,589
$1,327,695,000 0.16%
Schlumberger Ltd.
5.27%
23,972
$1,313,906,000 0.16%
Moodys Corp
3.04%
3,317
$1,303,681,000 0.16%
Cigna Group (The)
0.93%
3,516
$1,276,975,000 0.15%
Cadence Design System Inc
1.78%
4,089
$1,272,820,000 0.15%
Microchip Technology, Inc.
0.05%
14,090
$1,264,017,000 0.15%
Emerson Elec Co
6.71%
11,067
$1,255,219,000 0.15%
Oreilly Automotive Inc
2.28%
1,072
$1,210,164,000 0.15%
Danaher Corp.
2.04%
4,810
$1,201,153,000 0.15%
Stanley Black & Decker Inc
0.09%
12,150
$1,189,852,000 0.14%
KLA Corp.
1.74%
1,699
$1,186,870,000 0.14%
Builders Firstsource Inc
Opened
5,544
$1,156,206,000 0.14%
Booking Holdings Inc
2.16%
317
$1,150,038,000 0.14%
Meta Platforms Inc
15.40%
2,323
$1,128,004,000 0.14%
Target Corp
1.29%
6,341
$1,123,692,000 0.14%
Pulte Group Inc
1.88%
9,303
$1,122,128,000 0.14%
Gartner, Inc.
Closed
2,482
$1,119,654,000
Steel Dynamics Inc.
1.69%
7,458
$1,105,499,000 0.13%
SBA Communications Corp
24.31%
5,067
$1,098,021,000 0.13%
Marathon Oil Corporation
1.88%
38,654
$1,095,455,000 0.13%
Bank America Corp
6.89%
28,660
$1,086,787,000 0.13%
Consolidated Edison, Inc.
3.62%
11,772
$1,069,014,000 0.13%
Textron Inc.
1.89%
11,044
$1,059,450,000 0.13%
AT&T Inc.
47.96%
59,644
$1,049,736,000 0.13%
Expeditors Intl Wash Inc
3.24%
8,628
$1,048,906,000 0.13%
Autozone Inc.
Closed
402
$1,039,415,000
Pnc Finl Svcs Group Inc
0.70%
6,383
$1,031,493,000 0.13%
Expedia Group Inc
4.29%
7,427
$1,023,073,000 0.12%
Netapp Inc
Opened
9,581
$1,005,679,000 0.12%
Atmos Energy Corp.
Opened
8,373
$995,295,000 0.12%
Old Dominion Freight Line In
Closed
2,453
$994,278,000
Hologic, Inc.
1.98%
12,657
$986,742,000 0.12%
Clorox Co.
0.38%
6,392
$978,681,000 0.12%
Xcel Energy Inc.
0.68%
18,196
$978,038,000 0.12%
Vanguard Specialized Funds
8.93%
5,353
$977,516,000 0.12%
Kimberly-Clark Corp.
1.33%
7,557
$977,502,000 0.12%
Tapestry Inc
Opened
20,526
$974,573,000 0.12%
Illinois Tool Wks Inc
0.41%
3,628
$973,503,000 0.12%
Oneok Inc.
2.03%
12,136
$972,942,000 0.12%
Otis Worldwide Corporation
1.86%
9,581
$951,140,000 0.12%
Extra Space Storage Inc.
163.76%
6,222
$914,634,000 0.11%
Dominos Pizza Inc
Opened
1,835
$911,909,000 0.11%
State Str Corp
0.73%
11,779
$910,753,000 0.11%
Fortinet Inc
2.19%
13,271
$906,540,000 0.11%
HP Inc
3.17%
29,913
$903,955,000 0.11%
Becton Dickinson & Co.
0.42%
3,598
$890,325,000 0.11%
Ulta Beauty Inc
Closed
1,810
$886,886,000
Vertex Pharmaceuticals, Inc.
13.52%
2,105
$880,016,000 0.11%
F5 Inc
Opened
4,592
$870,596,000 0.11%
EBay Inc.
1.76%
16,453
$868,389,000 0.11%
Ralph Lauren Corp
3.73%
4,588
$861,445,000 0.10%
Omnicom Group, Inc.
4.74%
8,889
$860,098,000 0.10%
Medtronic Plc
0.14%
9,709
$846,143,000 0.10%
Morgan Stanley
Opened
8,759
$824,750,000 0.10%
Grainger W W Inc
No change
796
$809,771,000 0.10%
Deere & Co.
8.29%
1,958
$804,365,000 0.10%
Ppg Inds Inc
2.19%
5,532
$801,590,000 0.10%
CVS Health Corp
0.45%
9,801
$781,747,000 0.09%
Eog Res Inc
47.99%
6,018
$769,341,000 0.09%
Fair Isaac Corp.
2.69%
614
$767,260,000 0.09%
Juniper Networks Inc
Closed
25,747
$759,022,000
Autodesk Inc.
1.63%
2,903
$756,001,000 0.09%
Honeywell International Inc
1.40%
3,634
$745,881,000 0.09%
Regency Ctrs Corp
8.26%
12,162
$736,526,000 0.09%
Hershey Company
150.67%
3,765
$732,299,000 0.09%
Northern Tr Corp
Opened
8,120
$722,033,000 0.09%
Yum Brands Inc.
2.40%
5,170
$716,766,000 0.09%
Robert Half Inc
Closed
8,124
$714,261,000
Sysco Corp.
2.03%
8,796
$714,057,000 0.09%
Cintas Corporation
16.95%
1,014
$696,646,000 0.08%
Ishares Tr
Closed
27,986
$1,273,898,000
Dominion Energy Inc
3.75%
13,953
$686,348,000 0.08%
Mettler-Toledo International, Inc.
1.73%
512
$681,622,000 0.08%
Cf Inds Hldgs Inc
1.94%
8,184
$680,989,000 0.08%
Humana Inc.
2.65%
1,947
$675,063,000 0.08%
Lululemon Athletica inc.
Opened
1,689
$659,811,000 0.08%
Spdr Ser Tr
2.46%
5,004
$656,774,000 0.08%
Bank New York Mellon Corp
Opened
11,262
$648,918,000 0.08%
The Southern Co.
2.82%
8,948
$641,931,000 0.08%
Kroger Co.
58.76%
11,225
$641,281,000 0.08%
Skyworks Solutions, Inc.
2.63%
5,860
$634,753,000 0.08%
Corning, Inc.
1.36%
19,199
$632,798,000 0.08%
American Wtr Wks Co Inc New
Opened
4,981
$608,731,000 0.07%
Boeing Co.
10.42%
3,148
$607,533,000 0.07%
Best Buy Co. Inc.
0.85%
7,032
$576,835,000 0.07%
Verisign Inc.
3.62%
3,035
$575,162,000 0.07%
Pinnacle West Cap Corp
Closed
7,887
$566,602,000
Interpublic Group Cos Inc
0.77%
17,359
$566,415,000 0.07%
Aflac Inc.
Closed
6,758
$557,540,000
APA Corporation
3.50%
16,190
$556,610,000 0.07%
General Dynamics Corp.
2.66%
1,968
$555,941,000 0.07%
Evergy Inc
Closed
10,509
$548,570,000
Equity Residential
Closed
8,951
$547,440,000
Spdr Gold Tr
11.50%
2,632
$541,455,000 0.07%
Carmax Inc
No change
6,200
$540,082,000 0.07%
Diageo plc
21.71%
3,440
$511,666,000 0.06%
American Express Co.
10.31%
2,225
$506,610,000 0.06%
Conagra Brands Inc
16.00%
17,085
$506,399,000 0.06%
Realty Income Corp.
13.89%
9,353
$505,999,000 0.06%
Norfolk Southn Corp
12.33%
1,963
$500,310,000 0.06%
Prologis Inc
0.87%
3,842
$500,305,000 0.06%
Fastenal Co.
6.14%
6,358
$490,455,000 0.06%
Tesla Inc
6.48%
2,759
$485,005,000 0.06%
Agilent Technologies Inc.
31.24%
3,306
$481,056,000 0.06%
Equinix Inc
17.57%
562
$463,837,000 0.06%
First Tr Value Line Divid In
6.38%
10,974
$463,442,000 0.06%
Welltower Inc.
5.22%
4,836
$451,875,000 0.05%
Tyson Foods, Inc.
Closed
7,950
$427,316,000
Intuitive Surgical Inc
2.43%
1,054
$420,640,000 0.05%
VanEck ETF Trust
Closed
24,261
$416,804,000
C.H. Robinson Worldwide, Inc.
2.09%
5,325
$405,447,000 0.05%
Truist Finl Corp
0.89%
10,187
$397,091,000 0.05%
Marsh & McLennan Cos., Inc.
0.42%
1,894
$390,127,000 0.05%
Royal Bk Cda
0.26%
3,855
$388,893,000 0.05%
Crown Holdings, Inc.
0.21%
4,860
$385,204,000 0.05%
Regeneron Pharmaceuticals, Inc.
72.04%
392
$377,295,000 0.05%
Entergy Corp.
0.80%
3,493
$369,140,000 0.04%
Novartis AG
2.69%
3,799
$367,477,000 0.04%
Centene Corp.
2.88%
4,648
$364,775,000 0.04%
Molina Healthcare Inc
No change
838
$344,275,000 0.04%
Fiserv, Inc.
2.63%
2,069
$330,667,000 0.04%
Ishares Tr
Opened
4,250
$330,354,000 0.04%
Enterprise Prods Partners L
34.47%
11,178
$326,174,000 0.04%
Ventas Inc
4.85%
7,284
$317,145,000 0.04%
Constellation Brands Inc
1.04%
1,161
$315,515,000 0.04%
Goldman Sachs Etf Tr
Opened
3,020
$313,445,000 0.04%
Toronto Dominion Bk Ont
5.69%
5,171
$312,225,000 0.04%
Schwab Strategic Tr
44.08%
5,016
$311,293,000 0.04%
Avalonbay Cmntys Inc
2.26%
1,676
$310,997,000 0.04%
Garmin Ltd
No change
2,086
$310,543,000 0.04%
Chubb Limited
2.60%
1,186
$307,327,000 0.04%
Alliant Energy Corp.
2.64%
6,023
$303,559,000 0.04%
Dexcom Inc
0.93%
2,140
$296,820,000 0.04%
Quest Diagnostics, Inc.
42.43%
2,186
$290,978,000 0.04%
Campbell Soup Co.
7.04%
6,470
$287,592,000 0.03%
Nike, Inc.
Closed
2,625
$284,997,000
Viatris Inc.
7.41%
23,545
$281,128,000 0.03%
Boston Scientific Corp.
3.98%
4,077
$279,235,000 0.03%
Archer Daniels Midland Co.
41.57%
4,385
$275,421,000 0.03%
Elevance Health Inc
74.67%
531
$275,345,000 0.03%
Blackrock Etf Trust Ii
Opened
5,115
$268,333,000 0.03%
First Tr Exchange-traded Fd
Closed
6,454
$268,293,000
General Electric Co
Opened
1,524
$267,508,000 0.03%
Select Sector Spdr Tr
Closed
3,112
$266,202,000
General Mls Inc
4.13%
3,785
$264,837,000 0.03%
Iron Mtn Inc Del
1.09%
3,235
$259,479,000 0.03%
Constellation Energy Corp
Opened
1,389
$256,758,000 0.03%
Invitation Homes Inc
4.40%
7,076
$251,977,000 0.03%
BCE Inc
5.14%
7,329
$249,039,000 0.03%
Vici Pptys Inc
4.02%
8,322
$247,912,000 0.03%
Lamb Weston Holdings Inc
Closed
2,291
$247,634,000
Applied Matls Inc
Opened
1,182
$243,764,000 0.03%
Mondelez International Inc.
1.99%
3,480
$243,600,000 0.03%
Williams Cos Inc
3.77%
6,249
$243,523,000 0.03%
Schwab Charles Corp
17.75%
3,359
$242,990,000 0.03%
Charles Riv Labs Intl Inc
1.11%
888
$240,604,000 0.03%
Smucker J M Co
7.06%
1,895
$238,524,000 0.03%
Capital One Finl Corp
1.61%
1,576
$234,650,000 0.03%
United Cmnty Bks Blairsvle G
No change
8,745
$230,168,000 0.03%
Zimmer Biomet Holdings Inc
1.15%
1,719
$226,874,000 0.03%
First Tr Exchng Traded Fd Vi
Closed
5,055
$225,479,000
American Homes 4 Rent
Closed
6,229
$223,994,000
Sun Cmntys Inc
Closed
1,655
$221,193,000
Henry Schein Inc.
8.37%
2,825
$213,345,000 0.03%
Laboratory Corp Amer Hldgs
Closed
933
$212,060,000
Digital Rlty Tr Inc
25.98%
1,470
$211,740,000 0.03%
West Pharmaceutical Svsc Inc
Opened
535
$211,705,000 0.03%
Markel Group Inc
17.26%
139
$211,486,000 0.03%
Essex Ppty Tr Inc
12.22%
862
$211,027,000 0.03%
Albemarle Corp.
25.58%
1,600
$210,784,000 0.03%
Alexandria Real Estate Eq In
Closed
1,659
$210,308,000
Rexford Indl Rlty Inc
8.42%
4,068
$204,620,000 0.02%
Omeros Corporation
54.55%
25,000
$86,250,000 0.01%
Cadiz Inc.
Opened
10,000
$29,000,000 0.00%
Innovate Corp
No change
12,000
$8,408,000 0.00%
No transactions found
Showing first 500 out of 275 holdings