# The Cypress Funds LLC

> The Cypress Funds LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 1996, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 107502
- Filed as: THE CYPRESS FUNDS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107502
- AdvisorCensus page: https://advisorcensus.com/firm/the-cypress-funds-llc-los-angeles-ca-107502

## Quick answers

**How is The Cypress Funds LLC compensated?**
On its Form ADV (Item 5.E, October 2026), The Cypress Funds LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is The Cypress Funds LLC located?**
The Cypress Funds LLC's principal office is in Los Angeles, CA, according to its Form ADV.

**Is The Cypress Funds LLC registered with the SEC or a state?**
The Cypress Funds LLC is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 107502.

**How much does The Cypress Funds LLC manage?**
The Cypress Funds LLC reports $723,184,760 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have The Cypress Funds LLC's assets and staff changed since 2021?**
In the Form ADV data for The Cypress Funds LLC: Regulatory assets under management: $1,054,088,558 in the October 2021 data and $723,184,760 in the October 2026 data, down 31%. Total employees: 9 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does The Cypress Funds LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does The Cypress Funds LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107502

**What changed in The Cypress Funds LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $804,471,975 to $723,184,760 (-10%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $723,184,760
- Discretionary: $723,184,760
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $723,184,760 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 1996 (29 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- thecypressfunds.com
- LinkedIn @the-cypress-funds-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,054,088,558 | 9 | March 30, 2021 |
| October 2022 | $1,199,027,972 | 9 | March 30, 2022 |
| October 2023 | $783,108,638 | 9 | May 10, 2023 |
| October 2024 | $925,262,369 | 7 | May 16, 2024 |
| October 2025 | $804,471,975 | 8 | March 31, 2025 |
| October 2026 | $723,184,760 | 7 | March 27, 2026 |

Regulatory assets under management: $1,054,088,558 in the October 2021 data and $723,184,760 in the October 2026 data, down 31%.
Total employees: 9 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $804,471,975 to $723,184,760 (-10%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Cypress Funds LLC (CRD 107502): Form ADV filing data as of October 2026.