# EDGAR Filing Document

**Accession Number:** 0001030618
**File Stem:** 0001085146-25-005317
**Filing Date:** 2025-8
**Character Count:** 14995
**Document Hash:** 5a9a139c9c4757bc5de0be9462bc01f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005317.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001085146-25-005317

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20240930

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**EFFECTIVENESS DATE**: 20250815

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CYPRESS ASSET MANAGEMENT INC/TX
- **CENTRAL INDEX KEY:** 0001030618

**ORGANIZATION NAME:**
- **EIN:** 760496098
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05956
- **FILM NUMBER:** 251224900

**BUSINESS ADDRESS:**
- **STREET 1:** 4550 POST OAK PLACE DRIVE
- **STREET 2:** SUITE 317
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027
- **BUSINESS PHONE:** 7135122100

**MAIL ADDRESS:**
- **STREET 1:** 4550 POST OAK PLACE DRIVE
- **STREET 2:** SUITE 317
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2024

**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 ASSET MANAGEMENT INC/TX<br>**Address:** 4550 POST OAK PLACE DRIVE<br>SUITE 317<br>HOUSTON, TX 77027

**Form 13F File Number:** 028-05956

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:** Will Garwood<br>**Title:** President<br>**Phone:** 713-512-2146

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

/s/ Will Garwood  Houston, TX  08-15-2025<br>[Signature]  [City, State]  [Date]

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

[x] **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).)

[ ] **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:** 105

**Form 13F Information Table Value Total:** $401573096

      (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.]

**NONE**

### 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 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 3235148 | 28376 | SH |  | SOLE |  | 23581 | 0 | 4795 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 761878 | 3858 | SH |  | SOLE |  | 2933 | 0 | 925 |
| ADOBE INC | COM | 00724F101 | BBG001S5NCQ5 | 4330194 | 8363 | SH |  | SOLE |  | 7356 | 0 | 1007 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 6154477 | 37509 | SH |  | SOLE |  | 34332 | 0 | 3177 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 622725 | 4194 | SH |  | SOLE |  | 0 | 0 | 4194 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 4746627 | 28620 | SH |  | SOLE |  | 23570 | 0 | 5050 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 9689998 | 57958 | SH |  | SOLE |  | 51898 | 0 | 6060 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 12835715 | 68887 | SH |  | SOLE |  | 60797 | 0 | 8090 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1267574 | 3934 | SH |  | SOLE |  | 3834 | 0 | 100 |
| ANALOG DEVICES INC | COM | 032654105 | BBG001S5ND38 | 7738776 | 33622 | SH |  | SOLE |  | 30632 | 0 | 2990 |
| ANSYS INC | COM | 03662Q105 | BBG001S926L8 | 682505 | 2142 | SH |  | SOLE |  | 2035 | 0 | 107 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 27704399 | 118903 | SH |  | SOLE |  | 109863 | 0 | 9040 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 4858090 | 24044 | SH |  | SOLE |  | 20324 | 0 | 3720 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG001SCG0R3 | 1926474 | 2312 | SH |  | SOLE |  | 1902 | 0 | 410 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 361892 | 4645 | SH |  | SOLE |  | 4445 | 0 | 200 |
| AUTOZONE INC | COM | 053332102 | BBG001S6Q5D9 | 214203 | 68 | SH |  | SOLE |  | 23 | 0 | 45 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 680195 | 17142 | SH |  | SOLE |  | 12392 | 0 | 4750 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 1288438 | 5344 | SH |  | SOLE |  | 4659 | 0 | 685 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 12027514 | 26132 | SH |  | SOLE |  | 23112 | 0 | 3020 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | BBG001S63L94 | 251400 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 11756047 | 68151 | SH |  | SOLE |  | 58601 | 0 | 9550 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 999641 | 8533 | SH |  | SOLE |  | 7633 | 0 | 900 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 1078318 | 2757 | SH |  | SOLE |  | 2357 | 0 | 400 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 1957807 | 13294 | SH |  | SOLE |  | 12594 | 0 | 700 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 410060 | 7705 | SH |  | SOLE |  | 3900 | 0 | 3805 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 2335163 | 32496 | SH |  | SOLE |  | 27751 | 0 | 4745 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 3418671 | 32932 | SH |  | SOLE |  | 29187 | 0 | 3745 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 3575449 | 13875 | SH |  | SOLE |  | 12355 | 0 | 1520 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 10330618 | 11653 | SH |  | SOLE |  | 10256 | 0 | 1397 |
| COTERRA ENERGY INC | COM | 127097103 | BBG001S6H6Y4 | 297938 | 12440 | SH |  | SOLE |  | 9370 | 0 | 3070 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 699386 | 2160 | SH |  | SOLE |  | 2160 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 4557860 | 16394 | SH |  | SOLE |  | 14394 | 0 | 2000 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 2544044 | 6096 | SH |  | SOLE |  | 5631 | 0 | 465 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSZN7 | 291356 | 1690 | SH |  | SOLE |  | 1690 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 242130 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 293324 | 885 | SH |  | SOLE |  | 610 | 0 | 275 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 19382595 | 21878 | SH |  | SOLE |  | 20411 | 0 | 1467 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 3023424 | 27644 | SH |  | SOLE |  | 24759 | 0 | 2885 |
| EQUINIX INC | COM | 29444U700 | BBG001SKBNS9 | 287592 | 324 | SH |  | SOLE |  | 324 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 1589269 | 13558 | SH |  | SOLE |  | 11372 | 0 | 2186 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG001S5R3F3 | 449530 | 9005 | SH |  | SOLE |  | 5235 | 0 | 3770 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 4235666 | 8555 | SH |  | SOLE |  | 7950 | 0 | 605 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 7365726 | 18178 | SH |  | SOLE |  | 16328 | 0 | 1850 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 5410841 | 26176 | SH |  | SOLE |  | 23911 | 0 | 2265 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 1115808 | 6228 | SH |  | SOLE |  | 6228 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 2056727 | 4214 | SH |  | SOLE |  | 4214 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 | BBG001SQZT52 | 1352289 | 22835 | SH |  | SOLE |  | 22835 | 0 | 0 |
| ISHARES TR | US AER DEF ETF | 464288760 | BBG001SC08P5 | 1270144 | 8488 | SH |  | SOLE |  | 7688 | 0 | 800 |
| ISHARES TR | US OIL GS EX ETF | 464288851 | BBG001SJTHR7 | 763607 | 8350 | SH |  | SOLE |  | 7800 | 0 | 550 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 5957488 | 36761 | SH |  | SOLE |  | 31711 | 0 | 5050 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 12842007 | 60903 | SH |  | SOLE |  | 54100 | 0 | 6803 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | BBG0059FN820 | 249202 | 1568 | SH |  | SOLE |  | 668 | 0 | 900 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 1288618 | 1664 | SH |  | SOLE |  | 1294 | 0 | 370 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 210277 | 884 | SH |  | SOLE |  | 609 | 0 | 275 |
| LINDE PLC | SHS | G54950103 | BBG01FND0CH6 | 5185376 | 10874 | SH |  | SOLE |  | 9544 | 0 | 1330 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 6014538 | 10289 | SH |  | SOLE |  | 9277 | 0 | 1012 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 5143171 | 18989 | SH |  | SOLE |  | 17239 | 0 | 1750 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 9729835 | 19704 | SH |  | SOLE |  | 17463 | 0 | 2241 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 2296919 | 7543 | SH |  | SOLE |  | 6988 | 0 | 555 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1591100 | 17673 | SH |  | SOLE |  | 15323 | 0 | 2350 |
| MERCADOLIBRE INC | COM | 58733R102 | BBG001SM32G3 | 8501270 | 4143 | SH |  | SOLE |  | 3623 | 0 | 520 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 4982786 | 43878 | SH |  | SOLE |  | 40454 | 0 | 3424 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 5368342 | 9378 | SH |  | SOLE |  | 8298 | 0 | 1080 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 23591197 | 54825 | SH |  | SOLE |  | 48541 | 0 | 6284 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 1289225 | 17500 | SH |  | SOLE |  | 13450 | 0 | 4050 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 256279 | 540 | SH |  | SOLE |  | 390 | 0 | 150 |
| MSCI INC | COM | 55354G100 | BBG001SV8B05 | 844083 | 1448 | SH |  | SOLE |  | 1243 | 0 | 205 |
| NASDAQ INC | COM | 631103108 | BBG001SKTBJ6 | 616934 | 8450 | SH |  | SOLE |  | 8450 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 209235 | 295 | SH |  | SOLE |  | 235 | 0 | 60 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 736933 | 8718 | SH |  | SOLE |  | 8718 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 715068 | 8089 | SH |  | SOLE |  | 5839 | 0 | 2250 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG001S5TQJ6 | 298200 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 915099 | 7956 | SH |  | SOLE |  | 7152 | 0 | 804 |
| NOVO-NORDISK A S | ADR | 670100205 | BBG001S5TSK0 | 2262211 | 18999 | SH |  | SOLE |  | 16194 | 0 | 2805 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 25164797 | 207220 | SH |  | SOLE |  | 170670 | 0 | 36550 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 282012 | 1655 | SH |  | SOLE |  | 1075 | 0 | 580 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 3921813 | 11474 | SH |  | SOLE |  | 9890 | 0 | 1584 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG001S5V554 | 2024351 | 3204 | SH |  | SOLE |  | 3004 | 0 | 200 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 9777535 | 57498 | SH |  | SOLE |  | 50403 | 0 | 7095 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 273305 | 2509 | SH |  | SOLE |  | 1900 | 0 | 609 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 4601231 | 26566 | SH |  | SOLE |  | 24591 | 0 | 1975 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 5296887 | 31149 | SH |  | SOLE |  | 25049 | 0 | 6100 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 3969202 | 32760 | SH |  | SOLE |  | 28510 | 0 | 4250 |
| S GLOBAL INC | COM | 78409V104 | BBG001S5T5M8 | 2705022 | 5236 | SH |  | SOLE |  | 4441 | 0 | 795 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 | BBG001S7T232 | 2352999 | 17373 | SH |  | SOLE |  | 17373 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 519022 | 2299 | SH |  | SOLE |  | 2299 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 373097 | 1535 | SH |  | SOLE |  | 1535 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 1298419 | 2263 | SH |  | SOLE |  | 2263 | 0 | 0 |
| SPDR SER TR | AEROSPACE DEF | 78464A631 | BBG0024LG8W4 | 376829 | 2395 | SH |  | SOLE |  | 2395 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 | BBG001S5VTR8 | 1535374 | 3032 | SH |  | SOLE |  | 2678 | 0 | 354 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 3702644 | 21320 | SH |  | SOLE |  | 18920 | 0 | 2400 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 2600716 | 12590 | SH |  | SOLE |  | 11005 | 0 | 1585 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG001S5WS08 | 1821070 | 2944 | SH |  | SOLE |  | 2484 | 0 | 460 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 481914 | 4100 | SH |  | SOLE |  | 2400 | 0 | 1700 |
| TRACTOR SUPPLY CO | COM | 892356106 | BBG001S7K017 | 375300 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG001S5SBV6 | 1230330 | 3165 | SH |  | SOLE |  | 2665 | 0 | 500 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 6114429 | 24807 | SH |  | SOLE |  | 22281 | 0 | 2526 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 6139725 | 10501 | SH |  | SOLE |  | 9295 | 0 | 1206 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 7985098 | 29042 | SH |  | SOLE |  | 25642 | 0 | 3400 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 420627 | 5209 | SH |  | SOLE |  | 5209 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 | BBG001S5XH47 | 893926 | 4306 | SH |  | SOLE |  | 1740 | 0 | 2566 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 1138217 | 4657 | SH |  | SOLE |  | 4457 | 0 | 200 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 1296693 | 9603 | SH |  | SOLE |  | 8953 | 0 | 650 |
| YUM BRANDS INC | COM | 988498101 | BBG001S7JQ30 | 1929116 | 13808 | SH |  | SOLE |  | 12908 | 0 | 900 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 5406751 | 27673 | SH |  | SOLE |  | 23948 | 0 | 3725 |

---