Cypress Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	796	5,619	SH		SOLE		5,619	0	0
ABBOTT LABS	COM	002824100	794	19,093	SH		SOLE		12,593	0	6,500
ABBVIE INC	COM	00287y109	1,607	27,814	SH		SOLE		21,714	0	6,100
ACCESS MIDSTREAM PARTNERS L	UNIT	00434l109	417	6,550	SH		SOLE		6,550	0	0
AGILENT TECHNOLOGIES INC	COM	00846u101	285	5,000	SH		SOLE		0	0	5,000
AIR PRODS & CHEMS INC	COM	009158106	521	4,000	SH		SOLE		2,300	0	1,700
ALTERA CORP	COM	021441100	499	13,950	SH		SOLE		3,250	0	10,700
ALTRIA GROUP INC	COM	02209S103	3,340	72,711	SH		SOLE		72,711	0	0
AMAZON COM INC	COM	023135106	645	2,000	SH		SOLE		1,450	0	550
AMERICAN EXPRESS CO	COM	025816109	1,555	17,760	SH		SOLE		13,910	0	3,850
ANADARKO PETE CORP	COM	032511107	7,793	76,823	SH		SOLE		72,723	0	4,100
ANALOG DEVICES INC	COM	032654105	2,868	57,945	SH		SOLE		49,995	0	7,950
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	1,503	13,555	SH		SOLE		11,855	0	1,700
APACHE CORP	COM	037411105	462	4,920	SH		SOLE		3,920	0	1,000
APPLE INC	COM	037833100	13,152	130,536	SH		SOLE		122,186	0	8,350
AT&T INC	COM	00206r102	4,025	114,204	SH		SOLE		108,804	0	5,400
BAE SYSTEMS PLC	COM	05523R107	1,507	49,300	SH		SOLE		49,300	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	207	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,279	38,214	SH		SOLE		35,564	0	2,650
BIOGEN IDEC INC	COM	09062X103	491	1,485	SH		SOLE		1,485	0	0
BLACKROCK INC	COM	09247X101	530	1,615	SH		SOLE		1,415	0	200
BLACKSTONE GROUP L P	COM UNIT LTD	09253u108	4,308	136,855	SH		SOLE		127,255	0	9,600
BRISTOL MYERS SQUIBB CO	COM	110122108	3,787	74,003	SH		SOLE		64,453	0	9,550
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,395	21,177	SH		SOLE		21,177	0	0
BROWN FORMAN CORP	CL B	115637209	248	2,750	SH		SOLE		2,750	0	0
CABOT OIL & GAS CORP	COM	127097103	303	9,262	SH		SOLE		9,262	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	590	8,892	SH		SOLE		5,992	0	2,900
CANADIAN NATL RY CO	COM	136375102	3,597	50,687	SH		SOLE		43,687	0	7,000
CARRIZO OIL & GAS INC	COM	144577103	265	4,915	SH		SOLE		4,915	0	0
CATERPILLAR INC DEL	COM	149123101	1,889	19,072	SH		SOLE		18,572	0	500
CELGENE CORP	COM	151020104	733	7,730	SH		SOLE		7,730	0	0
CHEVRON CORP NEW	COM	166764100	14,223	119,203	SH		SOLE		113,103	0	6,100
CHICAGO BRIDGE & IRON CO N V	COM	167250109	357	6,172	SH		SOLE		6,172	0	0
CISCO SYS INC	COM	17275R102	437	17,350	SH		SOLE		7,050	0	10,300
CLOROX CO DEL	COM	189054109	531	5,525	SH		SOLE		4,625	0	900
COCA COLA CO	COM	191216100	10,238	239,996	SH		SOLE		222,846	0	17,150
COLGATE PALMOLIVE CO	COM	194162103	3,569	54,721	SH		SOLE		46,121	0	8,600
COMCAST CORP NEW	CL A SPL	20030N200	243	4,550	SH		SOLE		650	0	3,900
COMERICA INC	COM	200340107	253	5,075	SH		SOLE		3,475	0	1,600
CONOCOPHILLIPS	COM	20825c104	2,374	31,028	SH		SOLE		26,528	0	4,500
CONTINENTAL RESOURCES INC	COM	212015101	1,224	18,406	SH		SOLE		16,606	0	1,800
COSTCO WHSL CORP NEW	COM	22160K105	573	4,575	SH		SOLE		4,575	0	0
CSX CORP	COM	126408103	489	15,239	SH		SOLE		13,239	0	2,000
CUMMINS INC	COM	231021106	1,497	11,340	SH		SOLE		10,840	0	500
D R HORTON INC	COM	23331A109	511	24,925	SH		SOLE		22,125	0	2,800
DANAHER CORP DEL	COM	235851102	291	3,825	SH		SOLE		975	0	2,850
DEERE & CO	COM	244199105	3,416	41,658	SH		SOLE		35,908	0	5,750
DIAGEO P L C	SPON ADR NEW	25243Q205	12,683	109,903	SH		SOLE		99,503	0	10,400
DISCOVER FINL SVCS	COM	254709108	248	3,850	SH		SOLE		3,850	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,616	51,850	SH		SOLE		43,700	0	8,150
DOMINION RES INC VA NEW	COM	25746u109	453	6,561	SH		SOLE		261	0	6,300
DOVER CORP	COM	260003108	986	12,270	SH		SOLE		9,870	0	2,400
DU PONT E I DE NEMOURS & CO	COM	263534109	3,575	49,817	SH		SOLE		42,467	0	7,350
DUKE ENERGY CORP NEW	COM NEW	26441C204	923	12,342	SH		SOLE		6,242	0	6,100
DUPONT PFD B	PFD	263534307	381	3,684	SH		SOLE		1,184	0	2,500
E M C CORP MASS	COM	268648102	655	22,385	SH		SOLE		15,035	0	7,350
EASTMAN CHEM CO	COM	277432100	1,422	17,575	SH		SOLE		13,925	0	3,650
EATON CORP PLC	SHS	G29183103	4,134	65,239	SH		SOLE		58,089	0	7,150
EMERSON ELEC CO	COM	291011104	10,892	174,049	SH		SOLE		156,499	0	17,550
ENBRIDGE INC	COM	29250N105	425	8,870	SH		SOLE		8,870	0	0
ENERGY XXI BERMUDA LTD	USD UNRS SHS	G10082140	135	11,935	SH		SOLE		11,935	0	0
ENSCO PLC	SHS CLASS A	G3157S106	584	14,149	SH		SOLE		12,349	0	1,800
ENTERGY CORP NEW	COM	29364G103	222	2,875	SH		SOLE		2,875	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	21,870	542,688	SH		SOLE		511,638	0	31,050
EOG RES INC	COM	26875p101	5,684	57,405	SH		SOLE		53,205	0	4,200
EXXON MOBIL CORP	COM	30231g102	16,706	177,634	SH		SOLE		160,734	0	16,900
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	729	6,150	SH		SOLE		6,150	0	0
FEDEX CORP	COM	31428X106	283	1,750	SH		SOLE		0	0	1,750
FLUOR CORP NEW	COM	343412102	246	3,685	SH		SOLE		3,685	0	0
FMC TECHNOLOGIES INC	COM	30249U101	343	6,311	SH		SOLE		5,311	0	1,000
FORD MTR CO DEL	COM PAR $0.01	345370860	160	10,800	SH		SOLE		1,600	0	9,200
FRANKLIN RES INC	COM	354613101	440	8,060	SH		SOLE		6,160	0	1,900
FREEPORT-MCMORAN INC	CL B	35671d857	1,475	45,174	SH		SOLE		42,174	0	3,000
GENERAL ELECTRIC CO	COM	369604103	12,279	479,257	SH		SOLE		445,557	0	33,700
GENERAL MLS INC	COM	370334104	1,699	33,680	SH		SOLE		19,430	0	14,250
GENESIS ENERGY L P	UNIT LTD PARTN	371927104	322	6,125	SH		SOLE		4,625	0	1,500
GILEAD SCIENCES INC	COM	375558103	3,970	37,295	SH		SOLE		32,245	0	5,050
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	231	5,025	SH		SOLE		2,825	0	2,200
GOLDCORP INC NEW	COM	380956409	293	12,720	SH		SOLE		12,720	0	0
GOOGLE INC	CL A	38259P508	1,119	1,902	SH		SOLE		1,202	0	700
GOOGLE INC	CL C	38259P706	1,098	1,902	SH		SOLE		1,202	0	700
HAIN CELESTIAL GROUP INC	COM	405217100	329	3,210	SH		SOLE		3,110	0	100
HALLIBURTON CO	COM	406216101	447	6,929	SH		SOLE		6,929	0	0
HEALTH CARE REIT INC	COM	42217k106	1,234	19,780	SH		SOLE		17,780	0	2,000
HERSHEY CO	COM	427866108	408	4,275	SH		SOLE		3,175	0	1,100
HESS CORP	COM	42809H107	505	5,350	SH		SOLE		5,350	0	0
HOME DEPOT INC	COM	437076102	4,565	49,760	SH		SOLE		45,010	0	4,750
HONEYWELL INTL INC	COM	438516106	9,585	102,931	SH		SOLE		93,231	0	9,700
INTEL CORP	COM	458140100	4,934	141,701	SH		SOLE		124,851	0	16,850
INTERNATIONAL BUSINESS MACHS	COM	459200101	787	4,146	SH		SOLE		3,646	0	500
JOHNSON & JOHNSON	COM	478160104	12,858	120,632	SH		SOLE		107,582	0	13,050
JOHNSON CTLS INC	COM	478366107	1,259	28,625	SH		SOLE		22,425	0	6,200
JP MORGAN CHASE CAP XX1X	PFD	48125E207	204	8,000	SH		SOLE		0	0	8,000
JPMORGAN CHASE & CO	COM	46625H100	10,292	170,853	SH		SOLE		159,003	0	11,850
KEYCORP NEW	COM	493267108	187	14,050	SH		SOLE		14,050	0	0
KIMBERLY CLARK CORP	COM	494368103	1,670	15,523	SH		SOLE		13,823	0	1,700
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	7,958	85,318	SH		SOLE		84,218	0	1,100
KINDER MORGAN INC DEL	COM	49456B101	6,348	165,565	SH		SOLE		157,665	0	7,900
KIRBY CORP	COM	497266106	589	5,000	SH		SOLE		5,000	0	0
KRAFT FOODS GROUP INC	COM	50076q106	4,617	81,859	SH		SOLE		78,460	0	3,399
LAUDER ESTEE COS INC	CL A	518439104	992	13,275	SH		SOLE		13,275	0	0
LENNAR CORP	CL A	526057104	425	10,950	SH		SOLE		10,950	0	0
LILLY ELI & CO	COM	532457108	6,011	92,692	SH		SOLE		84,692	0	8,000
LOCKHEED MARTIN CORP	COM	539830109	610	3,335	SH		SOLE		3,335	0	0
LOWES COS INC	COM	548661107	1,747	33,003	SH		SOLE		27,803	0	5,200
LVMH MOET HENNESSY LOUIS VITTO	COM	502441306	956	29,500	SH		SOLE		24,675	0	4,825
LYONDELLBASELL INDUSTRIES N	SHS - A -	n53745100	2,652	24,408	SH		SOLE		20,508	0	3,900
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	12,090	143,619	SH		SOLE		134,569	0	9,050
MAGNA INTL INC	COM	559222401	304	3,200	SH		SOLE		0	0	3,200
MAIN STREET CAPITAL CORP	COM	56035L104	623	20,325	SH		SOLE		20,325	0	0
MARATHON OIL CORP	COM	565849106	965	25,673	SH		SOLE		20,623	0	5,050
MARATHON PETE CORP	COM	56585a102	275	3,250	SH		SOLE		0	0	3,250
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	4,094	53,294	SH		SOLE		48,594	0	4,700
MARSH & MCLENNAN COS INC	COM	571748102	785	15,000	SH		SOLE		15,000	0	0
MASTERCARD INC	CL A	57636q104	238	3,225	SH		SOLE		3,225	0	0
MCDONALDS CORP	COM	580135101	6,039	63,695	SH		SOLE		60,595	0	3,100
MEDICAL PPTYS TRUST INC	COM	58463J304	2,090	170,500	SH		SOLE		152,500	0	18,000
MEMORIAL PRODTN PARTNERS LP	COM U REP LTD	586048100	3,544	161,073	SH		SOLE		159,073	0	2,000
MERCK & CO INC NEW	COM	58933y105	6,405	108,045	SH		SOLE		98,895	0	9,150
METLIFE INC	COM	59156r108	290	5,400	SH		SOLE		200	0	5,200
METLIFE PFD	PFD	59156R603	205	8,000	SH		SOLE		0	0	8,000
MONDELEZ INTL INC	CL A	609207105	3,355	97,924	SH		SOLE		88,874	0	9,050
MONSANTO CO NEW	COM	61166w101	430	3,824	SH		SOLE		3,374	0	450
MOSAIC CO NEW	COM	61945c103	326	7,343	SH		SOLE		7,343	0	0
NATIONAL GRID PLC	SPON ADR NEW	636274300	463	6,436	SH		SOLE		6,436	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,938	25,469	SH		SOLE		23,569	0	1,900
NESTLE	COM	641069406	8,942	121,446	SH		SOLE		110,296	0	11,150
NIKE INC	CL B	654106103	2,186	24,510	SH		SOLE		18,660	0	5,850
NOBLE ENERGY INC	COM	655044105	222	3,253	SH		SOLE		3,253	0	0
NORFOLK SOUTHERN CORP	COM	655844108	2,451	21,958	SH		SOLE		19,658	0	2,300
NOVARTIS A G	SPONSORED ADR	66987V109	2,192	23,282	SH		SOLE		18,882	0	4,400
OASIS PETE INC NEW	COM	674215108	276	6,593	SH		SOLE		6,593	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	10,070	104,733	SH		SOLE		99,483	0	5,250
ONEOK INC NEW	COM	682680103	2,039	31,112	SH		SOLE		27,712	0	3,400
ONEOK PARTNERS LP	UNIT LTD PARTN	68268n103	5,807	103,776	SH		SOLE		103,776	0	0
PEPSICO INC	COM	713448108	11,898	127,814	SH		SOLE		113,239	0	14,575
PFIZER INC	COM	717081103	7,489	253,250	SH		SOLE		238,200	0	15,050
PHILIP MORRIS INTL INC	COM	718172109	11,568	138,708	SH		SOLE		133,958	0	4,750
PHILLIPS 66	COM	718546104	375	4,608	SH		SOLE		4,608	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	9,338	158,650	SH		SOLE		145,500	0	13,150
PLAINS GP HLDGS L P	SHS A REP LTPN	72651a108	5,786	188,773	SH		SOLE		183,273	0	5,500
PLUM CREEK TIMBER CO INC	COM	729251108	218	5,592	SH		SOLE		5,592	0	0
PNC FINL SVCS GROUP INC	COM	693475105	3,932	45,950	SH		SOLE		41,350	0	4,600
POWERSHARES QQQ TRUST	UNIT SER 1	73935a104	4,237	42,890	SH		SOLE		42,890	0	0
PRAXAIR INC	COM	74005P104	628	4,865	SH		SOLE		3,565	0	1,300
PRICE T ROWE GROUP INC	COM	74144t108	1,141	14,550	SH		SOLE		11,450	0	3,100
PROCTER & GAMBLE CO	COM	742718109	9,603	114,682	SH		SOLE		106,357	0	8,325
PROSPERITY BANCSHARES INC	COM	743606105	490	8,565	SH		SOLE		8,565	0	0
PULTE GROUP INC	COM	745867101	402	22,750	SH		SOLE		22,750	0	0
QUALCOMM INC	COM	747525103	5,941	79,460	SH		SOLE		64,010	0	15,450
RALPH LAUREN CORP	CL A	751212101	1,746	10,600	SH		SOLE		9,390	0	1,210
RAYMOND JAMES FINL 6.9%	PFD	754730208	209	8,000	SH		SOLE		0	0	8,000
REALTY INCOME CORP	COM	756109104	1,118	27,400	SH		SOLE		22,400	0	5,000
REGENERON PHARMACEUTICALS	COM	75886f107	4,160	11,540	SH		SOLE		11,540	0	0
REGIONS FINL CORP NEW	COM	7591EP100	106	10,600	SH		SOLE		10,600	0	0
ROCKWELL AUTOMATION INC	COM	773903109	1,267	11,530	SH		SOLE		8,830	0	2,700
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	4,733	62,175	SH		SOLE		62,175	0	0
SANOFI	SPONSORED ADR	80105N105	2,421	42,900	SH		SOLE		35,600	0	7,300
SCHLUMBERGER LTD	COM	806857108	6,148	60,463	SH		SOLE		53,413	0	7,050
SEADRILL LIMITED	SHS	g7945e105	2,616	97,758	SH		SOLE		94,108	0	3,650
SILVER WHEATON CORP	COM	828336107	248	12,420	SH		SOLE		12,420	0	0
SOUTHERN CO	COM	842587107	377	8,630	SH		SOLE		8,630	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	238	6,820	SH		SOLE		5,570	0	1,250
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,682	8,535	SH		SOLE		8,535	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464a698	338	8,940	SH		SOLE		6,940	0	2,000
SPECTRA ENERGY CORP	COM	847560109	705	17,960	SH		SOLE		6,560	0	11,400
SPECTRA ENERGY PARTNERS LP	COM	84756N109	314	5,925	SH		SOLE		5,925	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	2,840	58,850	SH		SOLE		58,850	0	0
SUSSER PETE PARTNERS LP	COM U REP LP	869239103	1,607	29,220	SH		SOLE		29,220	0	0
TARGA RES CORP	COM	87612g101	2,580	18,947	SH		SOLE		17,497	0	1,450
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	2,695	37,250	SH		SOLE		35,500	0	1,750
TARGET CORP	COM	87612E106	391	6,240	SH		SOLE		3,840	0	2,400
TESORO CORP	COM	881609101	243	3,990	SH		SOLE		2,990	0	1,000
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	395	7,350	SH		SOLE		7,350	0	0
TIME WARNER INC	COM NEW	887317303	1,807	24,030	SH		SOLE		20,205	0	3,825
TOLL BROTHERS INC	COM	889478103	442	14,175	SH		SOLE		12,475	0	1,700
TORONTO DOMINION BK ONT	COM NEW	891160509	1,779	36,025	SH		SOLE		36,025	0	0
TOTALLY HEMP CRAZY	COM	89156d106	0	15,000	SH		SOLE		15,000	0	0
TRANSCANADA CORP	COM	89353d107	283	5,500	SH		SOLE		5,500	0	0
UNILEVER N V	N Y SHS NEW	904784709	1,620	40,825	SH		SOLE		30,225	0	10,600
UNION PAC CORP	COM	907818108	6,178	56,981	SH		SOLE		51,181	0	5,800
UNITED PARCEL SERVICE INC	CL B	911312106	1,518	15,448	SH		SOLE		14,123	0	1,325
UNITED TECHNOLOGIES CORP	COM	913017109	7,065	66,899	SH		SOLE		61,599	0	5,300
US BANCORP DEL	COM NEW	902973304	649	15,525	SH		SOLE		11,225	0	4,300
V F CORP	COM	918204108	3,865	58,540	SH		SOLE		54,040	0	4,500
VALERO ENERGY CORP NEW	COM	91913Y100	1,297	28,032	SH		SOLE		21,532	0	6,500
VARIAN MED SYS INC	COM	92220P105	1,006	12,560	SH		SOLE		10,710	0	1,850
VERIZON COMMUNICATIONS INC	COM	92343v104	5,452	109,068	SH		SOLE		99,718	0	9,350
VISA INC	COM CL A	92826c839	661	3,097	SH		SOLE		1,997	0	1,100
WASTE MGMT INC DEL	COM	94106l109	276	5,800	SH		SOLE		1,850	0	3,950
WEINGARTEN RLTY INVS	SH BEN INT	948741103	396	12,558	SH		SOLE		12,558	0	0
WELLS FARGO & CO NEW	COM	949746101	11,974	230,848	SH		SOLE		214,873	0	15,975
WELLS FARGO & CO NEW	PERP PFD CNV A	949746804	234	195	SH		SOLE		195	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	467	6,225	SH		SOLE		6,225	0	0
WEYERHAEUSER CO	COM	962166104	2,090	65,596	SH		SOLE		53,496	0	12,100
WHITING PETE CORP NEW	COM	966387102	347	4,475	SH		SOLE		4,475	0	0
WILLIAMS COS INC DEL	COM	969457100	1,831	33,089	SH		SOLE		29,789	0	3,300
WILLIAMS PARTNERS L P	COM UNIT L P	96950f104	648	12,224	SH		SOLE		12,224	0	0
XILINX INC	COM	983919101	1,042	24,600	SH		SOLE		19,750	0	4,850
XYLEM INC	COM	98419m100	290	8,163	SH		SOLE		6,463	0	1,700
YAHOO INC	COM	984332106	665	16,310	SH		SOLE		11,210	0	5,100
YAMANA GOLD INC	COM	98462y100	96	15,938	SH		SOLE		15,938	0	0
YUM BRANDS INC	COM	988498101	5,028	69,846	SH		SOLE		64,996	0	4,850
ZOETIS INC	CL A	98978v103	1,006	27,217	SH		SOLE		22,817	0	4,400
ZURICH INSURANCE GROUP	COM	989825104	2,354	78,975	SH		SOLE		78,975	0	0