Black Cypress Capital Management, LLC

CIK 0002022614 · Q2 2026

13F Equity AUM

$149.6M

+7.4% QoQ

Positions

-2 QoQ

AUM Rank

#7,151

Top 81%

Skill Alpha (FF)

+17.6%/yr^ns

No Clear Edge

Rank #176 · Top 2%

vs S&P +3.7%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 54.0%Top 10: 82.3%Top 20: 99.2%

FND14.2%

USB12.4%

META9.7%

FBIN8.9%

AMZN8.8%

DIS7.8%

WFC6.2%

UAL5.7%

CCL4.9%

SLB3.9%

Others (19)17.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical31.0%

Financial Services22.5%

Industrials18.1%

Communication Services17.4%

Energy7.6%

Consumer Staples2.9%

Other0.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 29Median: 1.06%Avg: 3.45%

0–0.5%

10(1.2%)

0.5–1%

4(2.5%)

1–3%

2(3.9%)

3–5%

5(18.8%)

5%+

8(73.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 29vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New0Increased5Decreased17Exited2

Increased

WFC6.2%

+53K(+91%)

FND14.2%

+24K(+7%)

LULU3.1%

+14K(+53%)

FBIN8.9%

+10K(+4%)

CCL4.9%

+3K(+1%)

Decreased

WCC3.2%

-23,413(-63%)

DAL0.3%

-15,728(-77%)

SLB3.9%

-11,133(-8%)

HAL3.7%

-10,570(-6%)

BF/B2.9%

-8,493(-5%)

USB12.4%

-8,249(-3%)

AMZN8.8%

-2,806(-5%)

UAL5.7%

-2,224(-3%)

DIS7.8%

-2,031(-2%)

LOW0.0%

-1,092(-98%)

Exited

JCI

-188

NKE

-94

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...