# Black Cypress Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2022614. Source: https://holderbook.com/funds/2022614-black-cypress-capital-management-llc/

- Reported value: $149.6M
- Positions: 29
- Weight of the ten largest: 82.3%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $21.2M | 356,735 | 14.2% | 10 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $18.5M | 306,354 | 12.4% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $14.5M | 25,699 | 9.7% | 10 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $13.4M | 243,487 | 8.9% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $13.2M | 55,363 | 8.8% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $11.6M | 120,475 | 7.8% | 10 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $9.2M | 111,865 | 6.2% | 10 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $8.5M | 62,184 | 5.7% | 10 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $7.3M | 255,136 | 4.9% | 10 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.9M | 126,907 | 3.9% | 10 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $5.5M | 162,973 | 3.7% | 10 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $4.7M | 13,729 | 3.2% | 10 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $4.6M | 40,653 | 3.1% | 2 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $4.3M | 161,988 | 2.9% | 9 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.6M | 16,408 | 1.1% | 10 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.1M | 39,244 | 0.7% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.1M | 15,129 | 0.7% | 10 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $845.1K | 6,076 | 0.6% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $779.4K | 9,408 | 0.5% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $611.3K | 10,242 | 0.4% | 10 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $436.9K | 4,665 | 0.3% | 10 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $145.4K | 6,500 | 0.1% | 4 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $140.5K | 5,800 | 0.1% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $122.5K | 539 | 0.1% | 10 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $116.7K | 5,100 | 0.1% | 6 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $115.3K | 839 | 0.1% | 10 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $84.8K | 3,500 | 0.1% | 6 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $26.9K | 263 | 0.0% | 9 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $5.2K | 24 | 0.0% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.7% | 100% |
| Q1 2026 | +3.5% | -4.6% | +8.1% | 100% |
| Q4 2025 | +7.8% | +2.4% | +5.4% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.1% | 100% |
| Q2 2025 | +6.9% | +10.5% | -3.6% | 100% |
| Q1 2025 | -7.1% | -4.6% | -2.5% | 100% |
| Q4 2024 | +5.4% | +2.1% | +3.3% | 99% |
| Q3 2024 | +7.5% | +5.4% | +2.0% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $149.6M | 29 |
| Q1 2026 | $139.3M | 31 |
| Q4 2025 | $143.3M | 28 |
| Q3 2025 | $133.3M | 32 |
| Q2 2025 | $122.3M | 28 |
| Q1 2025 | $109.7M | 28 |
| Q4 2024 | $115.4M | 28 |
| Q3 2024 | $111.4M | 31 |
| Q2 2024 | $104.8M | 31 |
| Q1 2024 | $106.8M | 29 |