0001085146-13-000360.txt : 20130212
0001085146-13-000360.hdr.sgml : 20130212
20130211173820
ACCESSION NUMBER: 0001085146-13-000360
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130212
DATE AS OF CHANGE: 20130211
EFFECTIVENESS DATE: 20130212
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CYPRESS ASSET MANAGEMENT INC/TX
CENTRAL INDEX KEY: 0001030618
IRS NUMBER: 76049608
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05956
FILM NUMBER: 13593475
BUSINESS ADDRESS:
STREET 1: 2929 ALLEN PARKWAY
STREET 2: SUITE 2200
CITY: HOUSTON
STATE: TX
ZIP: 77019
BUSINESS PHONE: 7135122100
MAIL ADDRESS:
STREET 1: 2929 ALLEN PARKWAY
STREET 2: SUITE 2200
CITY: HOUSTON
STATE: TX
ZIP: 77019
13F-HR
1
cypressassetmgmt4q2012.txt
CYPRESS ASSET MANAGEMENT INC.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2012
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
Address: 2929 Allen Parkway
Suite 2200
Houston, TX 77019
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
Title: President
Phone: 713-512-2146
Signature, Place, and Date of Signing:
/s/ Will Garwood Houston, TX February 11, 2013
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 174
Form 13F Information Table Value Total: $461,744 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 469 5050 SH SOLE 5050 0 0
ABBOTT LABS COM 002824100 1354 20677 SH SOLE 14177 0 6500
AGILENT TECHNOLOGIES INC COM 00846u101 205 5000 SH SOLE 0 0 5000
AGRIUM INC COM 008916108 230 2300 SH SOLE 1100 0 1200
AIR PRODS & CHEMS INC COM 009158106 342 4065 SH SOLE 2215 0 1850
ALTERA CORP COM 021441100 528 15350 SH SOLE 3750 0 11600
ALTRIA GROUP INC COM 02209S103 3814 121295 SH SOLE 121295 0 0
AMAZON COM INC COM 023135106 615 2450 SH SOLE 1850 0 600
AMERICAN EXPRESS CO COM 025816109 252 4382 SH SOLE 2382 0 2000
ANADARKO PETE CORP COM 032511107 5857 78816 SH SOLE 74516 0 4300
ANALOG DEVICES INC COM 032654105 2878 68425 SH SOLE 60075 0 8350
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 293 3350 SH SOLE 3350 0 0
APACHE CORP COM 037411105 2106 26826 SH SOLE 25576 0 1250
APACHE CORP PFD CONV SER D 037411808 2152 47097 SH SOLE 47097 0 0
APPLE INC COM 037833100 11585 21769 SH SOLE 20369 0 1400
APPLIED MATLS INC COM 038222105 114 10000 SH SOLE 0 0 10000
AT&T INC COM 00206r102 1664 49374 SH SOLE 43474 0 5900
BARRICK GOLD CORP COM 067901108 2341 66865 SH SOLE 59415 0 7450
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4336 48337 SH SOLE 45187 0 3150
BHP BILLITON PLC SPONSORED ADR 05545E209 694 9860 SH SOLE 8460 0 1400
BRISTOL MYERS SQUIBB CO COM 110122108 2684 82350 SH SOLE 72150 0 10200
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 2773 27388 SH SOLE 27388 0 0
BROADCOM CORP CL A 111320107 221 6650 SH SOLE 2750 0 3900
CAMERON INTERNATIONAL CORP COM 13342B105 241 4275 SH SOLE 2375 0 1900
CANADIAN NATL RY CO COM 136375102 2682 29466 SH SOLE 26166 0 3300
CATERPILLAR INC DEL COM 149123101 4978 55550 SH SOLE 49775 0 5775
CF INDS HLDGS INC COM 125269100 630 3100 SH SOLE 1500 0 1600
CHEVRON CORP NEW COM 166764100 13168 121768 SH SOLE 115668 0 6100
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 225 3828 SH SOLE 1828 0 2000
CISCO SYS INC COM 17275R102 350 17822 SH SOLE 8422 0 9400
COCA COLA CO COM 191216100 13753 379399 SH SOLE 352999 0 26400
COLGATE PALMOLIVE CO COM 194162103 3141 30045 SH SOLE 25470 0 4575
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 284 3400 SH SOLE 3400 0 0
CONOCOPHILLIPS COM 20825c104 975 16814 SH SOLE 12464 0 4350
CONTINENTAL RESOURCES INC COM 212015101 1023 13920 SH SOLE 13420 0 500
COSTCO WHSL CORP NEW COM 22160K105 449 4551 SH SOLE 4551 0 0
CPFL ENERGIA S A SPONSORED ADR 126153105 345 16470 SH SOLE 16470 0 0
CUMMINS INC COM 231021106 1909 17620 SH SOLE 17620 0 0
D R HORTON INC COM 23331A109 1274 64425 SH SOLE 62425 0 2000
DANAHER CORP DEL COM 235851102 404 7225 SH SOLE 4125 0 3100
DEERE & CO COM 244199105 6006 69496 SH SOLE 61496 0 8000
DEVON ENERGY CORP NEW COM 25179M103 1329 25541 SH SOLE 21641 0 3900
DIAGEO P L C SPON ADR NEW 25243Q205 14020 120262 SH SOLE 109162 0 11100
DIAMOND OFFSHORE DRILLING IN COM 25271C102 229 3375 SH SOLE 3375 0 0
DISNEY WALT CO COM DISNEY 254687106 1008 20249 SH SOLE 14949 0 5300
DOMINION RES INC VA NEW COM 25746u109 394 7600 SH SOLE 1000 0 6600
DOVER CORP COM 260003108 1060 16125 SH SOLE 13125 0 3000
DU PONT E I DE NEMOURS & CO COM 263534109 2483 55199 SH SOLE 47099 0 8100
DUKE ENERGY CORP NEW COM NEW 26441C204 1213 19019 SH SOLE 16619 0 2400
DUPONT PFD B PFD 263534307 1126 10995 SH SOLE 8495 0 2500
EATON CORP PLC SHS G29183103 3326 61396 SH SOLE 55396 0 6000
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 4002 108245 SH SOLE 102045 0 6200
EMERSON ELEC CO COM 291011104 11255 212524 SH SOLE 190924 0 21600
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 1582 56698 SH SOLE 48848 0 7850
ENBRIDGE INC COM 29250N105 417 9620 SH SOLE 9620 0 0
ENSCO PLC SHS CLASS A G3157S106 956 16130 SH SOLE 13380 0 2750
ENTERPRISE PRODS PARTNERS L COM 293792107 15783 315161 SH SOLE 298061 0 17100
EOG RES INC COM 26875p101 3488 28879 SH SOLE 26629 0 2250
EV ENERGY PARTNERS LP COM UNITS 26926v107 455 8040 SH SOLE 6240 0 1800
EXXON MOBIL CORP COM 30231g102 17587 203202 SH SOLE 183664 0 19538
FLUOR CORP NEW COM 343412102 396 6750 SH SOLE 6750 0 0
FRANKLIN RES INC COM 354613101 371 2955 SH SOLE 2255 0 700
FREEPORT-MCMORAN COPPER & GO COM 35671d857 1467 42889 SH SOLE 36629 0 6260
GENERAL ELECTRIC CO COM 369604103 8898 423929 SH SOLE 392929 0 31000
GENERAL MLS INC COM 370334104 1540 38100 SH SOLE 22200 0 15900
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 2825 94635 SH SOLE 80035 0 14600
GOLDCORP INC NEW COM 380956409 506 13800 SH SOLE 10600 0 3200
HERSHEY CO COM 427866108 416 5765 SH SOLE 4565 0 1200
HOME DEPOT INC COM 437076102 412 6662 SH SOLE 6662 0 0
HONEYWELL INTL INC COM 438516106 8420 132654 SH SOLE 123254 0 9400
INTEL CORP COM 458140100 4226 204963 SH SOLE 185213 0 19750
INTERNATIONAL BUSINESS MACHS COM 459200101 744 3886 SH SOLE 3886 0 0
INTREPID POTASH INC COM 46121Y102 239 11249 SH SOLE 11249 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 317 3750 SH SOLE 150 0 3600
ISHARES TR BARCLYS TIPS BD 464287176 279 2300 SH SOLE 200 0 2100
JOHNSON & JOHNSON COM 478160104 9671 137966 SH SOLE 123766 0 14200
JP MORGAN CHASE CAP XX1X PFD 48125E207 650 25425 SH SOLE 17425 0 8000
JPMORGAN CHASE 46625HCY4 180 180000 PRN SOLE 0 0 180000
JPMORGAN CHASE & CO COM 46625H100 7264 165199 SH SOLE 152849 0 12350
KIMBERLY CLARK CORP COM 494368103 1153 13654 SH SOLE 12054 0 1600
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 12259 153637 SH SOLE 149487 0 4150
KINDER MORGAN INC DEL COM 49456B101 5116 144800 SH SOLE 131200 0 13600
KIRBY CORP COM 497266106 371 6000 SH SOLE 6000 0 0
KRAFT FOODS GROUP INC COM 50076q106 1844 40554 SH SOLE 37005 0 3549
LAUDER ESTEE COS INC CL A 518439104 742 12400 SH SOLE 12400 0 0
LENNAR CORP CL A 526057104 1191 30800 SH SOLE 29800 0 1000
LILLY ELI & CO COM 532457108 5615 113850 SH SOLE 105500 0 8350
LINN ENERGY LLC UNIT LTD LIAB 536020100 1867 52985 SH SOLE 45035 0 7950
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 8231 190585 SH SOLE 180435 0 10150
MAGNA INTL INC COM 559222401 225 4500 SH SOLE 0 0 4500
MARATHON OIL CORP COM 565849106 634 20675 SH SOLE 15175 0 5500
MARATHON PETE CORP COM 56585a102 290 4600 SH SOLE 1100 0 3500
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 361 7775 SH SOLE 7775 0 0
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 570759100 2909 57025 SH SOLE 52825 0 4200
MARSH & MCLENNAN COS INC COM 571748102 517 15000 SH SOLE 15000 0 0
MCDONALDS CORP COM 580135101 7306 82826 SH SOLE 78776 0 4050
MEMORIAL PRODTN PARTNERS LP COM U REP LTD 586048100 2669 149600 SH SOLE 149600 0 0
MERCK & CO INC NEW COM 58933y105 4124 100744 SH SOLE 91494 0 9250
METLIFE INC COM 59156r108 204 6200 SH SOLE 0 0 6200
METLIFE PFD PFD 59156R603 921 36500 SH SOLE 28500 0 8000
MONDELEZ INTL INC CL A 609207105 2757 108332 SH SOLE 98832 0 9500
MOSAIC CO NEW COM 61945c103 741 13093 SH SOLE 13093 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 835 14538 SH SOLE 14538 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1928 28213 SH SOLE 26513 0 1700
NESTLE COM 641069406 9070 139169 SH SOLE 127369 0 11800
NEWMONT MINING CORP COM 651639106 260 5600 SH SOLE 5600 0 0
NEXTERA ENERGY CAPITAL HLDGS C PFD 65339K506 1364 51069 SH SOLE 44069 0 7000
NEXTERA ENERGY INC COM 65339F101 358 5175 SH SOLE 5175 0 0
NIKE INC CL B 654106103 1267 24545 SH SOLE 18745 0 5800
NORFOLK SOUTHERN CORP COM 655844108 1568 25363 SH SOLE 22863 0 2500
NOVARTIS A G SPONSORED ADR 66987V109 1697 26811 SH SOLE 22011 0 4800
OCCIDENTAL PETE CORP DEL COM 674599105 7170 93594 SH SOLE 87994 0 5600
ONEOK PARTNERS LP UNIT LTD PARTN 68268n103 7597 140709 SH SOLE 140709 0 0
PARKER HANNIFIN CORP COM 701094104 221 2600 SH SOLE 2600 0 0
PEPSICO INC COM 713448108 10327 150919 SH SOLE 134369 0 16550
PETROCHINA CO LTD SPONSORED ADR 71646e100 2865 19929 SH SOLE 18079 0 1850
PFIZER INC COM 717081103 1202 47929 SH SOLE 38729 0 9200
PHILIP MORRIS INTL INC COM 718172109 14571 174214 SH SOLE 166814 0 7400
PIMCO ETF TR 1-5 US TIP IDX 72201r205 270 5000 SH SOLE 0 0 5000
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 15065 333005 SH SOLE 314905 0 18100
PNC FINL SVCS GROUP INC COM 693475105 2340 40125 SH SOLE 35325 0 4800
POTASH CORP SASK INC COM 73755L107 275 6750 SH SOLE 5250 0 1500
POWERSHARES QQQ TRUST UNIT SER 1 73935a104 4154 63773 SH SOLE 63773 0 0
PRAXAIR INC COM 74005P104 526 4805 SH SOLE 3405 0 1400
PRICE T ROWE GROUP INC COM 74144t108 622 9550 SH SOLE 6850 0 2700
PROCTER & GAMBLE CO COM 742718109 7677 113075 SH SOLE 103375 0 9700
PROSPERITY BANCSHARES INC COM 743606105 385 9155 SH SOLE 9155 0 0
PUBLIC STORAGE PFD Q PFD 74460D141 1123 41375 SH SOLE 33875 0 7500
PULTE GROUP INC COM 745867101 1566 86225 SH SOLE 83725 0 2500
QUALCOMM INC COM 747525103 6077 98233 SH SOLE 79583 0 18650
RALPH LAUREN CORP CL A 751212101 270 1800 SH SOLE 1800 0 0
RAYMOND JAMES FINL 6.9% PFD 754730208 218 8000 SH SOLE 0 0 8000
REGENERON PHARMACEUTICALS COM 75886f107 2883 16855 SH SOLE 16855 0 0
REPUBLIC OF TEXAS BRANDS COM 760826107 0 15000 SH SOLE 15000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 4847 70293 SH SOLE 65893 0 4400
SANOFI SPONSORED ADR 80105N105 2165 45685 SH SOLE 38485 0 7200
SCHLUMBERGER LTD COM 806857108 4641 66971 SH SOLE 58921 0 8050
SEADRILL LIMITED SHS g7945e105 5052 137280 SH SOLE 131280 0 6000
SIEMENS A G SPONSORED ADR 826197501 268 2450 SH SOLE 1300 0 1150
SOUTHWESTERN ENERGY CO COM 845467109 384 11500 SH SOLE 10000 0 1500
SPDR GOLD TRUST GOLD SHS 78463v107 740 4570 SH SOLE 4570 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2380 16709 SH SOLE 16709 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 208 6650 SH SOLE 6650 0 0
STATOIL ASA SPONSORED ADR 85771P102 907 36225 SH SOLE 26525 0 9700
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 2005 40325 SH SOLE 40325 0 0
SUSSER PETE PARTNERS LP COM U REP LP 869239103 250 9950 SH SOLE 9950 0 0
TARGA RES CORP COM 87612g101 671 12700 SH SOLE 12700 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 1737 46475 SH SOLE 44475 0 2000
TARGET CORP COM 87612E106 325 5490 SH SOLE 3090 0 2400
TECK RESOURCES LTD CL B 878742204 201 5520 SH SOLE 5520 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 851 22781 SH SOLE 19456 0 3325
TOLL BROTHERS INC COM 889478103 255 7900 SH SOLE 6400 0 1500
TOTAL S A SPONSORED ADR 89151e109 326 6259 SH SOLE 6259 0 0
TRANSCANADA CORP COM 89353d107 295 6232 SH SOLE 6232 0 0
UNILEVER N V N Y SHS NEW 904784709 1728 45110 SH SOLE 33710 0 11400
UNION PAC CORP COM 907818108 2830 22512 SH SOLE 20162 0 2350
UNITED PARCEL SERVICE INC CL B 911312106 1468 19917 SH SOLE 17967 0 1950
UNITED TECHNOLOGIES CORP COM 913017109 4329 52787 SH SOLE 49437 0 3350
US BANCORP DEL COM NEW 902973304 476 14900 SH SOLE 10500 0 4400
US BANCORP PFD L PFD 902973882 479 18700 SH SOLE 18700 0 0
V F CORP COM 918204108 625 4140 SH SOLE 4140 0 0
VALERO ENERGY CORP NEW COM 91913Y100 473 13850 SH SOLE 6850 0 7000
VARIAN MED SYS INC COM 92220P105 1003 14275 SH SOLE 11775 0 2500
VERIZON COMMUNICATIONS INC COM 92343v104 2836 65544 SH SOLE 55444 0 10100
WEINGARTEN RLTY INVS SH BEN INT 948741103 358 13360 SH SOLE 13360 0 0
WELLS FARGO & CO NEW COM 949746101 5538 162037 SH SOLE 150162 0 11875
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 3167 2585 SH SOLE 2485 0 100
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 292 6125 SH SOLE 6125 0 0
WEYERHAEUSER CO COM 962166104 442 15900 SH SOLE 11900 0 4000
WHITING PETE CORP NEW COM 966387102 384 8855 SH SOLE 7080 0 1775
WILLIAMS COS INC DEL COM 969457100 1280 39095 SH SOLE 35995 0 3100
WILLIAMS PARTNERS L P COM UNIT L P 96950f104 1144 23508 SH SOLE 20508 0 3000
XILINX INC COM 983919101 872 24325 SH SOLE 19825 0 4500
YUM BRANDS INC COM 988498101 5836 87887 SH SOLE 82437 0 5450