# EDGAR Filing Document

**Accession Number:** 0001729939
**File Stem:** 0001729939-25-000006
**Filing Date:** 2025-10
**Character Count:** 13269
**Document Hash:** e9da2ac816b4fd0805d1267420808f9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001729939-25-000006.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001729939-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**EFFECTIVENESS DATE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cypress Capital, LLC
- **CENTRAL INDEX KEY:** 0001729939

**ORGANIZATION NAME:**
- **EIN:** 465432156
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19283
- **FILM NUMBER:** 251412357

**BUSINESS ADDRESS:**
- **STREET 1:** 436 MAIN ST
- **STREET 2:** STE 205
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37064
- **BUSINESS PHONE:** 6154676075

**MAIL ADDRESS:**
- **STREET 1:** 436 MAIN ST
- **STREET 2:** STE 205
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37064

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Cypress Capital LLC<br>**Address:** 436 MAIN ST<br>STE 205<br>FRANKLIN, TN 37064

**Form 13F File Number:** 028-19283

**CRD Number (if applicable):** 000171266

**SEC File Number (if applicable):** 801-79771

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stephanie L Davis<br>**Title:** Director of Operations<br>**Phone:** 6154676075

**Signature, Place, and Date of Signing:**

Stephanie L Davis  Franklin, TN  10-23-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 94

**Form 13F Information Table Value Total:** $349543487

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                                 | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | CONFLUENCE INVESTMENT MANAGEMENT LLC |  |  |  |
|     2 | Dorsey Wright  Associates            |  |  |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 3441379 | 14863 | SH |  | SOLE | 0 | 164 | 0 | 14699 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 620982 | 7316 | SH |  | SOLE | 0 | 5361 | 0 | 1955 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3334360 | 13716 | SH |  | SOLE | 0 | 170 | 0 | 13546 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2221909 | 9123 | SH |  | SOLE | 0 | 5993 | 0 | 3130 |
| AMAZON COM INC | COM | 023135106 |  | 348821 | 1589 | SH |  | SOLE | 0 | 0 | 0 | 1589 |
| AMGEN INC | COM | 031162100 |  | 2352137 | 8335 | SH |  | SOLE | 0 | 98 | 0 | 8237 |
| APPLE INC | COM | 037833100 |  | 7259365 | 28509 | SH |  | SOLE | 0 | 3110 | 0 | 25399 |
| AT INC | COM | 00206R102 |  | 229031 | 8110 | SH |  | SOLE | 0 | 0 | 0 | 8110 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 298125 | 593 | SH |  | SOLE | 0 | 0 | 0 | 593 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 222364 | 4282 | SH |  | SOLE | 0 | 0 | 0 | 4282 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2092279 | 46392 | SH |  | SOLE | 0 | 659 | 0 | 45733 |
| BROADCOM INC | COM | 11135F101 |  | 2978757 | 9029 | SH |  | SOLE | 0 | 100 | 0 | 8929 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 721841 | 7671 | SH |  | SOLE | 0 | 5615 | 0 | 2056 |
| CHEVRON CORP NEW | COM | 166764100 |  | 200635 | 1292 | SH |  | SOLE | 0 | 0 | 0 | 1292 |
| CISCO SYS INC | COM | 17275R102 |  | 2733675 | 39954 | SH |  | SOLE | 0 | 496 | 0 | 39458 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1508708 | 18873 | SH |  | SOLE | 0 | 225 | 0 | 18648 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1774426 | 56474 | SH |  | SOLE | 0 | 808 | 0 | 55666 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 246312 | 2604 | SH |  | SOLE | 0 | 0 | 0 | 2604 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 225575 | 460 | SH |  | SOLE | 0 | 0 | 0 | 460 |
| EATON CORP PLC | SHS | G29183103 |  | 2713313 | 7250 | SH |  | SOLE | 0 | 89 | 0 | 7161 |
| ELASTIC N V | ORD SHS | N14506104 |  | 389837 | 4614 | SH |  | SOLE | 0 | 0 | 0 | 4614 |
| ELI LILLY  CO | COM | 532457108 |  | 604296 | 792 | SH |  | SOLE | 0 | 0 | 0 | 792 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 11801949 | 320618 | SH |  | SOLE | 0 | 31751 | 0 | 288867 |
| EVERCORE INC | CLASS A | 29977A105 |  | 216222 | 641 | SH |  | SOLE | 0 | 0 | 0 | 641 |
| EXELIXIS INC | COM | 30161Q104 |  | 737370 | 17854 | SH |  | SOLE | 0 | 13076 | 0 | 4778 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2184306 | 19373 | SH |  | SOLE | 0 | 164 | 0 | 19209 |
| FORD MTR CO | COM | 345370860 |  | 41564 | 15000 | SH | Call | SOLE | 0 | 0 | 0 | 15000 |
| FOX CORP | CL A COM | 35137L105 |  | 1326215 | 21031 | SH |  | SOLE | 0 | 12432 | 0 | 8599 |
| GENERAL MLS INC | COM | 370334104 |  | 1999758 | 39662 | SH |  | SOLE | 0 | 496 | 0 | 39166 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 233877 | 2107 | SH |  | SOLE | 0 | 0 | 0 | 2107 |
| HOME DEPOT INC | COM | 437076102 |  | 3067693 | 7571 | SH |  | SOLE | 0 | 88 | 0 | 7483 |
| HP INC | COM | 40434L105 |  | 802386 | 29467 | SH |  | SOLE | 0 | 21675 | 0 | 7792 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 202350 | 776 | SH |  | SOLE | 0 | 0 | 0 | 776 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 3477340 | 12324 | SH |  | SOLE | 0 | 166 | 0 | 12158 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 361758 | 1907 | SH |  | SOLE | 0 | 0 | 0 | 1907 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 273877 | 456 | SH |  | SOLE | 0 | 0 | 0 | 456 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 654200 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 276362 | 590 | SH |  | SOLE | 0 | 0 | 0 | 590 |
| ISHARES TR | CORE S ETF | 464287200 |  | 598354 | 894 | SH |  | SOLE | 0 | 0 | 0 | 894 |
| ISHARES TR | MBS ETF | 464288588 |  | 639503 | 6721 | SH |  | SOLE | 0 | 0 | 0 | 6721 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 7219586 | 71694 | SH |  | SOLE | 0 | 44913 | 0 | 26781 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 7688237 | 151971 | SH |  | SOLE | 0 | 6075 | 0 | 145896 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 513047 | 2520 | SH |  | SOLE | 0 | 0 | 0 | 2520 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 3709010 | 93638 | SH |  | SOLE | 0 | 2817 | 0 | 90821 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 18239054 | 163991 | SH |  | SOLE | 0 | 16365 | 0 | 147626 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2528120 | 26209 | SH |  | SOLE | 0 | 0 | 0 | 26209 |
| KORN FERRY | COM NEW | 500643200 |  | 960406 | 13724 | SH |  | SOLE | 0 | 10062 | 0 | 3662 |
| KROGER CO | COM | 501044101 |  | 3098231 | 45961 | SH |  | SOLE | 0 | 615 | 0 | 45346 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1984934 | 14824 | SH |  | SOLE | 0 | 162 | 0 | 14662 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2530111 | 5068 | SH |  | SOLE | 0 | 58 | 0 | 5010 |
| LOWES COS INC | COM | 548661107 |  | 2522398 | 10037 | SH |  | SOLE | 0 | 125 | 0 | 9912 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 266720 | 469 | SH |  | SOLE | 0 | 0 | 0 | 469 |
| MCDONALDS CORP | COM | 580135101 |  | 2478223 | 8155 | SH |  | SOLE | 0 | 112 | 0 | 8043 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2820247 | 29612 | SH |  | SOLE | 0 | 223 | 0 | 29389 |
| MERCK  CO INC | COM | 58933Y105 |  | 2141390 | 25514 | SH |  | SOLE | 0 | 299 | 0 | 25215 |
| META PLATFORMS INC | CL A | 30303M102 |  | 619084 | 843 | SH |  | SOLE | 0 | 0 | 0 | 843 |
| MICROSOFT CORP | COM | 594918104 |  | 2437476 | 4706 | SH |  | SOLE | 0 | 31 | 0 | 4675 |
| NETAPP INC | COM | 64110D104 |  | 2481500 | 20948 | SH |  | SOLE | 0 | 159 | 0 | 20789 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 1727149 | 23343 | SH |  | SOLE | 0 | 15001 | 0 | 8342 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1319867 | 7074 | SH |  | SOLE | 0 | 0 | 0 | 7074 |
| OMNICOM GROUP INC | COM | 681919106 |  | 444012 | 5446 | SH |  | SOLE | 0 | 4045 | 0 | 1401 |
| PGIM ETF TR | TOTAL RETURN BON | 69344A800 |  | 878880 | 20827 | SH |  | SOLE | 0 | 0 | 0 | 20827 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 2594530 | 52068 | SH |  | SOLE | 0 | 0 | 0 | 52068 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2401550 | 15630 | SH |  | SOLE | 0 | 189 | 0 | 15441 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 6589544 | 63933 | SH |  | SOLE | 0 | 1128 | 0 | 62805 |
| QUALCOMM INC | COM | 747525103 |  | 2433348 | 14627 | SH |  | SOLE | 0 | 186 | 0 | 14441 |
| RBB FD INC | US TREAS 3 MNTH | 74933W452 |  | 3295077 | 65902 | SH |  | SOLE | 0 | 0 | 0 | 65902 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 167029 | 11378 | SH |  | SOLE | 0 | 0 | 0 | 11378 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 209759 | 1465 | SH |  | SOLE | 0 | 0 | 0 | 1465 |
| SALESFORCE INC | COM | 79466L302 |  | 340034 | 1435 | SH |  | SOLE | 0 | 0 | 0 | 1435 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1689055 | 17692 | SH |  | SOLE | 0 | 221 | 0 | 17471 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 632787 | 23179 | SH |  | SOLE | 0 | 0 | 0 | 23179 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1486100 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 613186 | 1725 | SH |  | SOLE | 0 | 0 | 0 | 1725 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 17395135 | 26112 | SH |  | SOLE | 0 | 1018 | 0 | 25094 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 659447 | 1106 | SH |  | SOLE | 0 | 0 | 0 | 1106 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 32072205 | 349561 | SH |  | SOLE | 0 | 4905 | 0 | 344656 |
| STARBUCKS CORP | COM | 855244109 |  | 2133104 | 25214 | SH |  | SOLE | 0 | 350 | 0 | 24864 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 205120 | 4906 | SH |  | SOLE | 0 | 0 | 0 | 4906 |
| TAPESTRY INC | COM | 876030107 |  | 1565719 | 13829 | SH |  | SOLE | 0 | 10110 | 0 | 3719 |
| TEGNA INC | COM | 87901J105 |  | 708724 | 34861 | SH |  | SOLE | 0 | 25627 | 0 | 9234 |
| TESLA INC | COM | 88160R101 |  | 436715 | 982 | SH |  | SOLE | 0 | 0 | 0 | 982 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 480658 | 1392 | SH |  | SOLE | 0 | 994 | 0 | 398 |
| USANA HEALTH SCIENCES INC | COM | 90328M107 |  | 205082 | 7444 | SH |  | SOLE | 0 | 5746 | 0 | 1698 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 45387861 | 138306 | SH |  | SOLE | 0 | 23219 | 0 | 115087 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 341464 | 558 | SH |  | SOLE | 0 | 0 | 0 | 558 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 32378328 | 428200 | SH |  | SOLE | 0 | 63805 | 0 | 364395 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 249418 | 1810 | SH |  | SOLE | 0 | 0 | 0 | 1810 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1967077 | 38852 | SH |  | SOLE | 0 | 0 | 0 | 38852 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1464127 | 18318 | SH |  | SOLE | 0 | 0 | 0 | 18318 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 13022144 | 221277 | SH |  | SOLE | 0 | 6179 | 0 | 215098 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 11426265 | 155544 | SH |  | SOLE | 0 | 4760 | 0 | 150784 |
| VISA INC | COM CL A | 92826C839 |  | 2718750 | 7964 | SH |  | SOLE | 0 | 96 | 0 | 7868 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 28253252 | 562030 | SH |  | SOLE | 0 | 76678 | 0 | 485352 |

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