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	927	5,619	SH		SOLE		5,619	0	0
ABBOTT LABS	COM	002824100	881	19,018	SH		SOLE		12,518	0	6,500
ABBVIE INC	COM	00287y109	1,677	28,639	SH		SOLE		22,539	0	6,100
AGILENT TECHNOLOGIES INC	COM	00846u101	208	5,000	SH		SOLE		0	0	5,000
AIR PRODS & CHEMS INC	COM	009158106	532	3,515	SH		SOLE		1,815	0	1,700
ALTERA CORP	COM	021441100	599	13,950	SH		SOLE		3,250	0	10,700
ALTRIA GROUP INC	COM	02209S103	1,599	31,975	SH		SOLE		31,975	0	0
AMAZON COM INC	COM	023135106	744	2,000	SH		SOLE		1,450	0	550
AMERICAN ELEC PWR INC	COM	025537101	233	4,150	SH		SOLE		4,150	0	0
AMERICAN EXPRESS CO	COM	025816109	2,106	26,955	SH		SOLE		21,555	0	5,400
ANADARKO PETE CORP	COM	032511107	6,073	73,332	SH		SOLE		69,582	0	3,750
ANALOG DEVICES INC	COM	032654105	3,458	54,890	SH		SOLE		46,940	0	7,950
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	1,573	12,905	SH		SOLE		11,205	0	1,700
APPLE INC	COM	037833100	15,059	121,023	SH		SOLE		112,823	0	8,200
APPLIED MATLS INC	COM	038222105	203	9,000	SH		SOLE		0	0	9,000
ASTRAZENECA PLC	SPONSORED ADR	046353108	4,195	61,310	SH		SOLE		59,400	0	1,910
AT&T INC	COM	00206r102	3,797	116,309	SH		SOLE		110,909	0	5,400
BAE SYSTEMS PLC	COM	05523R107	1,773	57,275	SH		SOLE		57,275	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	217	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,432	37,639	SH		SOLE		34,989	0	2,650
BIOGEN INC	COM	09062X103	657	1,555	SH		SOLE		1,455	0	100
BLACKROCK INC	COM	09247X101	889	2,430	SH		SOLE		2,230	0	200
BLACKSTONE GROUP L P	COM UNIT LTD	09253u108	5,144	132,260	SH		SOLE		122,160	0	10,100
BOEING CO	COM	097023105	316	2,108	SH		SOLE		1,008	0	1,100
BRISTOL MYERS SQUIBB CO	COM	110122108	4,610	71,478	SH		SOLE		61,928	0	9,550
CABOT OIL & GAS CORP	COM	127097103	226	7,659	SH		SOLE		7,659	0	0
CANADIAN NATL RY CO	COM	136375102	3,274	48,962	SH		SOLE		41,962	0	7,000
CARDINAL HEALTH INC	COM	14149Y108	1,078	11,942	SH		SOLE		9,692	0	2,250
CARRIZO OIL & GAS INC	COM	144577103	212	4,275	SH		SOLE		4,275	0	0
CATERPILLAR INC DEL	COM	149123101	315	3,940	SH		SOLE		3,940	0	0
CELGENE CORP	COM	151020104	810	7,030	SH		SOLE		7,030	0	0
CHEVRON CORP NEW	COM	166764100	10,559	100,586	SH		SOLE		95,586	0	5,000
CIMAREX ENERGY CO	COM	171798101	233	2,025	SH		SOLE		2,025	0	0
CISCO SYS INC	COM	17275R102	474	17,225	SH		SOLE		6,925	0	10,300
CLOROX CO DEL	COM	189054109	665	6,025	SH		SOLE		5,125	0	900
COCA COLA CO	COM	191216100	8,579	211,556	SH		SOLE		199,156	0	12,400
COLGATE PALMOLIVE CO	COM	194162103	3,614	52,121	SH		SOLE		43,521	0	8,600
COMCAST CORP NEW	CL A SPL	20030N200	255	4,550	SH		SOLE		650	0	3,900
CONCHO RES INC	COM	20605p101	253	2,186	SH		SOLE		2,186	0	0
CONOCOPHILLIPS	COM	20825c104	2,083	33,449	SH		SOLE		28,749	0	4,700
CONTINENTAL RESOURCES INC	COM	212015101	255	5,843	SH		SOLE		5,843	0	0
COSTCO WHSL CORP NEW	COM	22160K105	2,363	15,600	SH		SOLE		13,750	0	1,850
CSX CORP	COM	126408103	415	12,522	SH		SOLE		10,522	0	2,000
CUMMINS INC	COM	231021106	1,548	11,165	SH		SOLE		10,665	0	500
D R HORTON INC	COM	23331A109	606	21,275	SH		SOLE		18,475	0	2,800
DANAHER CORP DEL	COM	235851102	329	3,875	SH		SOLE		975	0	2,900
DEERE & CO	COM	244199105	3,039	34,659	SH		SOLE		28,909	0	5,750
DEVON ENERGY CORP NEW	COM	25179M103	269	4,461	SH		SOLE		4,461	0	0
DIAGEO P L C	SPON ADR NEW	25243Q205	12,119	109,601	SH		SOLE		99,201	0	10,400
DISCOVER FINL SVCS	COM	254709108	207	3,675	SH		SOLE		3,675	0	0
DISNEY WALT CO	COM DISNEY	254687106	5,085	48,475	SH		SOLE		40,325	0	8,150
DOMINION RES INC VA NEW	COM	25746u109	465	6,561	SH		SOLE		261	0	6,300
DOVER CORP	COM	260003108	233	3,370	SH		SOLE		3,370	0	0
DOW CHEM CO	COM	260543103	589	12,285	SH		SOLE		10,885	0	1,400
DU PONT E I DE NEMOURS & CO	COM	263534109	3,291	46,044	SH		SOLE		38,694	0	7,350
DUKE ENERGY CORP NEW	COM NEW	26441C204	996	12,976	SH		SOLE		7,276	0	5,700
DUPONT PFD B	PFD	263534307	324	3,034	SH		SOLE		734	0	2,300
E M C CORP MASS	COM	268648102	541	21,185	SH		SOLE		13,835	0	7,350
EASTMAN CHEM CO	COM	277432100	1,188	17,157	SH		SOLE		13,507	0	3,650
EATON CORP PLC	SHS	G29183103	4,590	67,554	SH		SOLE		60,354	0	7,200
EMERSON ELEC CO	COM	291011104	9,649	170,420	SH		SOLE		153,270	0	17,150
ENBRIDGE INC	COM	29250N105	265	5,470	SH		SOLE		5,470	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	282	4,444	SH		SOLE		4,444	0	0
ENERGY XXI LTD	USD UNRS SHS	G10082140	90	24,704	SH		SOLE		24,704	0	0
ENTERGY CORP NEW	COM	29364G103	296	3,825	SH		SOLE		3,825	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	17,466	530,392	SH		SOLE		497,092	0	33,300
EOG RES INC	COM	26875p101	3,843	41,917	SH		SOLE		39,117	0	2,800
EXXON MOBIL CORP	COM	30231g102	13,721	161,424	SH		SOLE		147,174	0	14,250
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	846	5,750	SH		SOLE		5,750	0	0
FEDEX CORP	COM	31428X106	1,793	10,840	SH		SOLE		8,115	0	2,725
FORD MTR CO DEL	COM PAR $0.01	345370860	184	11,400	SH		SOLE		2,200	0	9,200
FRANKLIN RES INC	COM	354613101	388	7,570	SH		SOLE		5,670	0	1,900
FREEPORT-MCMORAN INC	CL B	35671d857	257	13,545	SH		SOLE		13,545	0	0
GENERAL DYNAMICS CORP	COM	369550108	3,395	25,010	SH		SOLE		24,710	0	300
GENERAL ELECTRIC CO	COM	369604103	11,129	448,579	SH		SOLE		414,879	0	33,700
GENERAL MLS INC	COM	370334104	1,780	31,455	SH		SOLE		17,205	0	14,250
GILEAD SCIENCES INC	COM	375558103	3,966	40,415	SH		SOLE		35,115	0	5,300
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	3,743	81,100	SH		SOLE		75,590	0	5,510
GOLDCORP INC NEW	COM	380956409	183	10,113	SH		SOLE		10,113	0	0
GOOGLE INC	CL A	38259P508	988	1,782	SH		SOLE		1,082	0	700
GOOGLE INC	CL C	38259P706	977	1,782	SH		SOLE		1,082	0	700
HAIN CELESTIAL GROUP INC	COM	405217100	402	6,270	SH		SOLE		6,070	0	200
HEALTH CARE REIT INC	COM	42217k106	2,246	29,030	SH		SOLE		27,230	0	1,800
HERSHEY CO	COM	427866108	429	4,250	SH		SOLE		3,150	0	1,100
HESS CORP	COM	42809H107	460	6,778	SH		SOLE		6,778	0	0
HOME DEPOT INC	COM	437076102	5,227	46,010	SH		SOLE		41,260	0	4,750
HONEYWELL INTL INC	COM	438516106	10,358	99,301	SH		SOLE		89,626	0	9,675
INTEL CORP	COM	458140100	4,332	138,525	SH		SOLE		121,675	0	16,850
INTERNATIONAL BUSINESS MACHS	COM	459200101	390	2,429	SH		SOLE		2,429	0	0
JOHNSON & JOHNSON	COM	478160104	12,556	124,811	SH		SOLE		111,786	0	13,025
JOHNSON CTLS INC	COM	478366107	1,363	27,025	SH		SOLE		20,825	0	6,200
JPMORGAN CHASE & CO	COM	46625H100	10,296	169,952	SH		SOLE		158,102	0	11,850
KEYCORP NEW	COM	493267108	173	12,250	SH		SOLE		12,250	0	0
KIMBERLY CLARK CORP	COM	494368103	6,220	58,073	SH		SOLE		53,523	0	4,550
KINDER MORGAN INC DEL	COM	49456B101	8,824	209,801	SH		SOLE		194,970	0	14,831
KIRBY CORP	COM	497266106	375	5,000	SH		SOLE		5,000	0	0
KRAFT FOODS GROUP INC	COM	50076q106	7,976	91,560	SH		SOLE		87,844	0	3,716
LAUDER ESTEE COS INC	CL A	518439104	966	11,620	SH		SOLE		11,620	0	0
LENNAR CORP	CL A	526057104	560	10,800	SH		SOLE		9,800	0	1,000
LILLY ELI & CO	COM	532457108	6,513	89,652	SH		SOLE		81,652	0	8,000
LOCKHEED MARTIN CORP	COM	539830109	4,835	23,820	SH		SOLE		22,545	0	1,275
LOWES COS INC	COM	548661107	2,114	28,423	SH		SOLE		23,223	0	5,200
LVMH MOET HENNESSY LOUIS VITTO	COM	502441306	862	24,450	SH		SOLE		19,625	0	4,825
LYONDELLBASELL INDUSTRIES N	SHS - A -	n53745100	343	3,902	SH		SOLE		3,452	0	450
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	10,619	138,425	SH		SOLE		129,875	0	8,550
MAGNA INTL INC	COM	559222401	343	6,400	SH		SOLE		0	0	6,400
MAIN STREET CAPITAL CORP	COM	56035L104	693	22,425	SH		SOLE		22,425	0	0
MARATHON OIL CORP	COM	565849106	427	16,357	SH		SOLE		15,357	0	1,000
MARATHON PETE CORP	COM	56585a102	312	3,050	SH		SOLE		350	0	2,700
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	3,586	54,257	SH		SOLE		49,557	0	4,700
MARSH & MCLENNAN COS INC	COM	571748102	841	15,000	SH		SOLE		15,000	0	0
MCDONALDS CORP	COM	580135101	3,456	35,468	SH		SOLE		34,568	0	900
MCKESSON CORP	COM	58155Q103	1,148	5,075	SH		SOLE		4,125	0	950
MEDICAL PPTYS TRUST INC	COM	58463J304	2,549	172,900	SH		SOLE		156,400	0	16,500
MEDTRONIC PLC	SHS	G5960L103	645	8,265	SH		SOLE		6,265	0	2,000
MERCK & CO INC NEW	COM	58933y105	6,464	112,455	SH		SOLE		103,155	0	9,300
METLIFE INC	COM	59156r108	334	6,600	SH		SOLE		1,400	0	5,200
MONDELEZ INTL INC	CL A	609207105	3,115	86,317	SH		SOLE		77,267	0	9,050
MONSANTO CO NEW	COM	61166w101	386	3,431	SH		SOLE		2,981	0	450
NATIONAL GRID PLC	SPON ADR NEW	636274300	524	8,111	SH		SOLE		8,111	0	0
NESTLE	COM	641069406	8,999	119,629	SH		SOLE		108,479	0	11,150
NEXTERA ENERGY INC	COM	65339F101	348	3,349	SH		SOLE		3,349	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341b106	2,684	61,250	SH		SOLE		59,750	0	1,500
NIKE INC	CL B	654106103	2,258	22,510	SH		SOLE		16,660	0	5,850
NOBLE ENERGY INC	COM	655044105	252	5,150	SH		SOLE		5,150	0	0
NORFOLK SOUTHERN CORP	COM	655844108	2,977	28,928	SH		SOLE		26,328	0	2,600
NOVARTIS A G	SPONSORED ADR	66987V109	2,214	22,457	SH		SOLE		18,057	0	4,400
NOVO-NORDISK A S	ADR	670100205	215	4,027	SH		SOLE		4,027	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	7,278	99,693	SH		SOLE		94,843	0	4,850
ONEOK PARTNERS LP	UNIT LTD PARTN	68268n103	4,092	100,201	SH		SOLE		100,201	0	0
PARKER HANNIFIN CORP	COM	701094104	208	1,750	SH		SOLE		1,750	0	0
PEPSICO INC	COM	713448108	13,677	143,040	SH		SOLE		128,465	0	14,575
PFIZER INC	COM	717081103	8,767	252,010	SH		SOLE		236,660	0	15,350
PHILIP MORRIS INTL INC	COM	718172109	3,793	50,355	SH		SOLE		47,505	0	2,850
PHILLIPS 66	COM	718546104	432	5,495	SH		SOLE		5,495	0	0
PIONEER NAT RES CO	COM	723787107	631	3,858	SH		SOLE		3,158	0	700
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	7,809	160,110	SH		SOLE		146,960	0	13,150
PLAINS GP HLDGS L P	SHS A REP LTPN	72651a108	6,220	219,240	SH		SOLE		211,490	0	7,750
PLUM CREEK TIMBER CO INC	COM	729251108	205	4,710	SH		SOLE		4,710	0	0
PNC FINL SVCS GROUP INC	COM	693475105	4,169	44,715	SH		SOLE		40,115	0	4,600
POWERSHARES ETF TRUST II	CEF INC COMPST	73936q843	1,439	60,350	SH		SOLE		60,350	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935a104	4,432	41,965	SH		SOLE		41,965	0	0
PRAXAIR INC	COM	74005P104	526	4,360	SH		SOLE		3,060	0	1,300
PRICE T ROWE GROUP INC	COM	74144t108	1,126	13,900	SH		SOLE		10,750	0	3,150
PROCTER & GAMBLE CO	COM	742718109	10,747	131,160	SH		SOLE		122,685	0	8,475
PROSPERITY BANCSHARES INC	COM	743606105	449	8,565	SH		SOLE		8,565	0	0
PULTE GROUP INC	COM	745867101	410	18,450	SH		SOLE		18,450	0	0
QORVO INC	COM	74736k101	200	2,512	SH		SOLE		0	0	2,512
QUALCOMM INC	COM	747525103	5,371	77,460	SH		SOLE		62,410	0	15,050
RALPH LAUREN CORP	CL A	751212101	1,287	9,785	SH		SOLE		8,575	0	1,210
RAYTHEON CO	COM NEW	755111507	1,994	18,255	SH		SOLE		15,855	0	2,400
REALTY INCOME CORP	COM	756109104	1,322	25,625	SH		SOLE		21,125	0	4,500
REGENERON PHARMACEUTICALS	COM	75886f107	6,589	14,595	SH		SOLE		13,545	0	1,050
ROCKWELL AUTOMATION INC	COM	773903109	1,294	11,155	SH		SOLE		8,455	0	2,700
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	3,697	61,975	SH		SOLE		61,975	0	0
SANOFI	SPONSORED ADR	80105N105	2,613	52,855	SH		SOLE		45,105	0	7,750
SILVER WHEATON CORP	COM	828336107	358	18,831	SH		SOLE		18,831	0	0
SM ENERGY CO	COM	78454l100	210	4,063	SH		SOLE		4,063	0	0
SOUTHERN CO	COM	842587107	400	9,030	SH		SOLE		9,030	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	241	10,400	SH		SOLE		9,400	0	1,000
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,813	8,785	SH		SOLE		8,785	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464a698	238	5,825	SH		SOLE		3,825	0	2,000
SPECTRA ENERGY CORP	COM	847560109	648	17,910	SH		SOLE		7,310	0	10,600
SPECTRA ENERGY PARTNERS LP	COM	84756N109	302	5,825	SH		SOLE		5,825	0	0
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	2,317	56,050	SH		SOLE		56,050	0	0
SUNOCO LP	COM U REP LP	86765k109	1,534	29,866	SH		SOLE		29,866	0	0
SYSCO CORP	COM	871829107	1,504	39,875	SH		SOLE		35,575	0	4,300
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	1,592	38,501	SH		SOLE		38,501	0	0
TARGET CORP	COM	87612E106	512	6,240	SH		SOLE		3,740	0	2,500
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	475	7,625	SH		SOLE		7,625	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	484	3,600	SH		SOLE		2,200	0	1,400
TIME WARNER INC	COM NEW	887317303	2,133	25,255	SH		SOLE		20,830	0	4,425
TOLL BROTHERS INC	COM	889478103	508	12,925	SH		SOLE		11,225	0	1,700
TOTALLY HEMP CRAZY	COM	89156d106	3	15,000	SH		SOLE		15,000	0	0
UNILEVER N V	N Y SHS NEW	904784709	2,232	53,460	SH		SOLE		42,110	0	11,350
UNION PAC CORP	COM	907818108	6,790	62,688	SH		SOLE		56,888	0	5,800
UNITED PARCEL SERVICE INC	CL B	911312106	1,919	19,793	SH		SOLE		18,018	0	1,775
UNITED TECHNOLOGIES CORP	COM	913017109	8,235	70,261	SH		SOLE		64,861	0	5,400
UNITEDHEALTH GROUP INC	COM	91324p102	337	2,850	SH		SOLE		1,150	0	1,700
US BANCORP DEL	COM NEW	902973304	669	15,325	SH		SOLE		11,025	0	4,300
V F CORP	COM	918204108	5,218	69,290	SH		SOLE		64,790	0	4,500
VALERO ENERGY CORP NEW	COM	91913Y100	1,395	21,922	SH		SOLE		16,822	0	5,100
VARIAN MED SYS INC	COM	92220P105	1,001	10,638	SH		SOLE		8,788	0	1,850
VERIZON COMMUNICATIONS INC	COM	92343v104	5,406	111,171	SH		SOLE		101,821	0	9,350
VISA INC	COM CL A	92826c839	761	11,628	SH		SOLE		7,228	0	4,400
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,314	27,327	SH		SOLE		23,402	0	3,925
WASTE MGMT INC DEL	COM	94106l109	279	5,150	SH		SOLE		1,200	0	3,950
WEINGARTEN RLTY INVS	SH BEN INT	948741103	427	11,858	SH		SOLE		11,858	0	0
WELLS FARGO & CO NEW	COM	949746101	12,306	226,212	SH		SOLE		210,237	0	15,975
WELLS FARGO & CO NEW	PERP PFD CNV A	949746804	262	215	SH		SOLE		215	0	0
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	393	5,975	SH		SOLE		5,975	0	0
WEYERHAEUSER CO	COM	962166104	1,973	59,527	SH		SOLE		47,427	0	12,100
WHITING PETE CORP NEW	COM	966387102	308	9,980	SH		SOLE		9,980	0	0
WILLIAMS COS INC DEL	COM	969457100	1,776	35,109	SH		SOLE		31,809	0	3,300
WILLIAMS PARTNERS L P NEW	COM UNIT LTD PAR	96949L105	1,070	21,739	SH		SOLE		21,739	0	0
XILINX INC	COM	983919101	993	23,475	SH		SOLE		18,625	0	4,850
YAHOO INC	COM	984332106	725	16,310	SH		SOLE		11,210	0	5,100
YAMANA GOLD INC	COM	98462y100	88	24,458	SH		SOLE		24,458	0	0
YUM BRANDS INC	COM	988498101	5,423	68,895	SH		SOLE		63,545	0	5,350
ZOETIS INC	CL A	98978v103	1,070	23,117	SH		SOLE		18,717	0	4,400
ZURICH INSURANCE GROUP	COM	989825104	3,133	92,425	SH		SOLE		92,425	0	0