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	2,887	16,169	SH		SOLE		14,794	0	1,375
ABBOTT LABS	COM	002824100	705	18,353	SH		SOLE		12,253	0	6,100
ABBVIE INC	COM	00287y109	1,610	25,708	SH		SOLE		21,958	0	3,750
AGILENT TECHNOLOGIES INC	COM	00846u101	228	5,000	SH		SOLE		0	0	5,000
AIR PRODS & CHEMS INC	COM	009158106	256	1,780	SH		SOLE		1,780	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,338	21,034	SH		SOLE		21,034	0	0
ALLERGAN PLC	SHS	G0177J108	286	1,361	SH		SOLE		661	0	700
ALPHABET INC	CAP STK CL A	02079k305	1,394	1,759	SH		SOLE		1,059	0	700
ALPHABET INC	CAP STK CL C	02079k107	1,459	1,890	SH		SOLE		1,189	0	701
ALTRIA GROUP INC	COM	02209S103	2,051	30,325	SH		SOLE		30,325	0	0
AMAZON COM INC	COM	023135106	1,237	1,650	SH		SOLE		1,100	0	550
AMERICAN ELEC PWR INC	COM	025537101	249	3,960	SH		SOLE		3,960	0	0
AMERICAN EXPRESS CO	COM	025816109	344	4,650	SH		SOLE		3,300	0	1,350
AMGEN INC	COM	031162100	219	1,500	SH		SOLE		950	0	550
ANADARKO PETE CORP	COM	032511107	2,374	34,052	SH		SOLE		33,352	0	700
ANALOG DEVICES INC	COM	032654105	3,580	49,292	SH		SOLE		42,142	0	7,150
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	1,234	11,705	SH		SOLE		9,905	0	1,800
APACHE CORP	COM	037411105	292	4,608	SH		SOLE		4,608	0	0
APPLE INC	COM	037833100	15,143	130,745	SH		SOLE		123,420	0	7,325
ASTRAZENECA PLC	SPONSORED ADR	046353108	387	14,175	SH		SOLE		12,675	0	1,500
AT&T INC	COM	00206r102	3,351	78,799	SH		SOLE		73,399	0	5,400
AUTOZONE INC	COM	053332102	1,469	1,860	SH		SOLE		1,445	0	415
BAE SYSTEMS PLC	COM	05523R107	1,736	59,800	SH		SOLE		59,800	0	0
BECTON DICKINSON & CO	COM	075887109	1,247	7,530	SH		SOLE		5,880	0	1,650
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	244	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	5,700	34,974	SH		SOLE		32,324	0	2,650
BIOGEN INC	COM	09062X103	758	2,672	SH		SOLE		2,122	0	550
BLACKROCK INC	COM	09247X101	818	2,150	SH		SOLE		1,750	0	400
BLACKSTONE GROUP L P	COM UNIT LTD	09253u108	2,138	79,092	SH		SOLE		67,392	0	11,700
BOEING CO	COM	097023105	375	2,409	SH		SOLE		1,309	0	1,100
BRISTOL MYERS SQUIBB CO	COM	110122108	4,543	77,737	SH		SOLE		68,437	0	9,300
BROWN FORMAN CORP	CL B	115637209	287	6,392	SH		SOLE		6,392	0	0
CABOT OIL & GAS CORP	COM	127097103	447	19,127	SH		SOLE		19,127	0	0
CANADIAN NATL RY CO	COM	136375102	2,636	39,110	SH		SOLE		33,510	0	5,600
CARDINAL HEALTH INC	COM	14149Y108	614	8,532	SH		SOLE		7,032	0	1,500
CELGENE CORP	COM	151020104	1,601	13,830	SH		SOLE		11,830	0	2,000
CHEVRON CORP NEW	COM	166764100	8,879	75,435	SH		SOLE		72,835	0	2,600
CHUBB LIMITED	COM	H1467J104	9,752	73,809	SH		SOLE		67,709	0	6,100
CIMAREX ENERGY CO	COM	171798101	623	4,582	SH		SOLE		4,582	0	0
CISCO SYS INC	COM	17275R102	554	18,335	SH		SOLE		8,135	0	10,200
CLOROX CO DEL	COM	189054109	1,053	8,775	SH		SOLE		7,225	0	1,550
COCA COLA CO	COM	191216100	7,741	186,720	SH		SOLE		174,670	0	12,050
COLGATE PALMOLIVE CO	COM	194162103	3,158	48,259	SH		SOLE		40,059	0	8,200
COMCAST CORP NEW	CL A	20030N101	344	4,981	SH		SOLE		581	0	4,400
CONCHO RES INC	COM	20605p101	354	2,673	SH		SOLE		2,673	0	0
CONOCOPHILLIPS	COM	20825c104	1,072	21,373	SH		SOLE		19,223	0	2,150
CONSTELLATION BRANDS INC	CL A	21036P108	4,450	29,025	SH		SOLE		27,960	0	1,065
COSTCO WHSL CORP NEW	COM	22160K105	2,382	14,878	SH		SOLE		13,028	0	1,850
COTY INC	COM CL A	222070203	390	21,300	SH		SOLE		17,977	0	3,323
CRACKER BARREL OLD CTRY STOR	COM	22410j106	4,397	26,334	SH		SOLE		24,984	0	1,350
CSX CORP	COM	126408103	355	9,879	SH		SOLE		7,879	0	2,000
CVS HEALTH CORP	COM	126650100	2,416	30,620	SH		SOLE		25,845	0	4,775
DANAHER CORP DEL	COM	235851102	1,640	21,065	SH		SOLE		16,755	0	4,310
DEERE & CO	COM	244199105	681	6,612	SH		SOLE		5,862	0	750
DELTA AIR LINES INC DEL	COM NEW	247361702	370	7,526	SH		SOLE		4,276	0	3,250
DEVON ENERGY CORP NEW	COM	25179M103	572	12,534	SH		SOLE		12,534	0	0
DIAGEO P L C	SPON ADR NEW	25243Q205	11,751	113,053	SH		SOLE		101,553	0	11,500
DIGITAL RLTY TR INC	COM	253868103	857	8,720	SH		SOLE		8,720	0	0
DISNEY WALT CO	COM DISNEY	254687106	5,851	56,139	SH		SOLE		46,389	0	9,750
DOLLAR GEN CORP NEW	COM	256677105	544	7,343	SH		SOLE		4,993	0	2,350
DOMINION RES INC VA NEW	COM	25746u109	551	7,196	SH		SOLE		896	0	6,300
DOW CHEM CO	COM	260543103	1,400	24,464	SH		SOLE		21,064	0	3,400
DR PEPPER SNAPPLE GROUP INC	COM	26138e109	575	6,345	SH		SOLE		4,325	0	2,020
DU PONT E I DE NEMOURS & CO	COM	263534109	3,514	47,874	SH		SOLE		41,524	0	6,350
DUKE ENERGY CORP NEW	COM NEW	26441C204	987	12,716	SH		SOLE		10,316	0	2,400
EASTMAN CHEM CO	COM	277432100	1,547	20,564	SH		SOLE		16,964	0	3,600
EATON CORP PLC	SHS	G29183103	2,963	44,168	SH		SOLE		37,143	0	7,025
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	233	9,125	SH		SOLE		6,725	0	2,400
ENTERGY CORP NEW	COM	29364G103	307	4,180	SH		SOLE		4,180	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	13,956	516,115	SH		SOLE		484,415	0	31,700
EOG RES INC	COM	26875p101	2,624	25,956	SH		SOLE		25,356	0	600
EXXON MOBIL CORP	COM	30231g102	11,456	126,921	SH		SOLE		119,771	0	7,150
F M C CORP	COM NEW	302491303	269	4,751	SH		SOLE		4,751	0	0
FACEBOOK INC	CL A	30303M102	357	3,103	SH		SOLE		2,453	0	650
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	789	5,550	SH		SOLE		5,550	0	0
FEDEX CORP	COM	31428X106	1,802	9,680	SH		SOLE		6,955	0	2,725
FOOT LOCKER INC	COM	344849104	234	3,300	SH		SOLE		1,400	0	1,900
FORD MTR CO DEL	COM PAR $0.01	345370860	158	13,000	SH		SOLE		2,100	0	10,900
FORTIVE CORP	COM	34959j108	475	8,853	SH		SOLE		6,698	0	2,155
FREEPORT-MCMORAN INC	CL B	35671d857	176	13,368	SH		SOLE		13,368	0	0
GENERAL DYNAMICS CORP	COM	369550108	5,416	31,367	SH		SOLE		30,967	0	400
GENERAL ELECTRIC CO	COM	369604103	12,349	390,783	SH		SOLE		358,423	0	32,360
GENERAL MLS INC	COM	370334104	1,826	29,555	SH		SOLE		15,405	0	14,150
GILEAD SCIENCES INC	COM	375558103	2,551	35,629	SH		SOLE		30,329	0	5,300
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	606	15,740	SH		SOLE		10,490	0	5,250
GOLDCORP INC NEW	COM	380956409	376	27,669	SH		SOLE		27,669	0	0
GOLDMAN SACHS GROUP INC	COM	38141g104	4,585	19,150	SH		SOLE		18,600	0	550
HAIN CELESTIAL GROUP INC	COM	405217100	259	6,633	SH		SOLE		6,433	0	200
HERSHEY CO	COM	427866108	411	3,975	SH		SOLE		2,975	0	1,000
HESS CORP	COM	42809H107	1,027	16,481	SH		SOLE		16,481	0	0
HOME DEPOT INC	COM	437076102	5,998	44,738	SH		SOLE		39,588	0	5,150
HONEYWELL INTL INC	COM	438516106	11,758	101,492	SH		SOLE		92,792	0	8,700
ILLUMINA INC	COM	452327109	232	1,810	SH		SOLE		1,420	0	390
INTEL CORP	COM	458140100	4,958	136,701	SH		SOLE		120,851	0	15,850
INTERNATIONAL BUSINESS MACHS	COM	459200101	401	2,414	SH		SOLE		2,414	0	0
INTL PAPER CO	COM	460146103	322	6,062	SH		SOLE		6,062	0	0
ISHARES TR	NASDQ BIOTEC ETF	464287556	5,111	19,260	SH		SOLE		18,585	0	675
ISHARES TR	TIPS BD ETF	464287176	294	2,600	SH		SOLE		0	0	2,600
JOHNSON & JOHNSON	COM	478160104	13,454	116,776	SH		SOLE		104,376	0	12,400
JOHNSON CTLS INTL PLC	SHS	g51502105	839	20,364	SH		SOLE		16,230	0	4,134
JPMORGAN CHASE & CO	COM	46625H100	13,614	157,766	SH		SOLE		146,166	0	11,600
KATY TX ISD	N/A	486063BR0	10	10,000	PRN		SOLE		10,000	0	0
KIMBERLY CLARK CORP	COM	494368103	7,651	67,045	SH		SOLE		62,395	0	4,650
KINDER MORGAN INC DEL	COM	49456B101	1,388	67,025	SH		SOLE		62,025	0	5,000
KLA-TENCOR CORP	COM	482480100	210	2,665	SH		SOLE		1,065	0	1,600
KRAFT HEINZ CO	COM	500754106	7,347	84,138	SH		SOLE		80,422	0	3,716
LAUDER ESTEE COS INC	CL A	518439104	755	9,871	SH		SOLE		9,871	0	0
LENNAR CORP	CL A	526057104	207	4,825	SH		SOLE		4,825	0	0
LILLY ELI & CO	COM	532457108	6,703	91,131	SH		SOLE		83,381	0	7,750
LOCKHEED MARTIN CORP	COM	539830109	7,417	29,677	SH		SOLE		27,632	0	2,045
LOWES COS INC	COM	548661107	2,218	31,186	SH		SOLE		24,786	0	6,400
LVMH MOET HENNESSY LOUIS VITTO	COM	502441306	851	22,390	SH		SOLE		17,765	0	4,625
LYONDELLBASELL INDUSTRIES N	SHS - A -	n53745100	388	4,521	SH		SOLE		4,521	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	10,958	144,891	SH		SOLE		136,991	0	7,900
MAGNA INTL INC	COM	559222401	278	6,400	SH		SOLE		0	0	6,400
MARATHON OIL CORP	COM	565849106	227	13,100	SH		SOLE		13,100	0	0
MARATHON PETE CORP	COM	56585a102	560	11,125	SH		SOLE		6,425	0	4,700
MARSH & MCLENNAN COS INC	COM	571748102	676	10,000	SH		SOLE		10,000	0	0
MASTERCARD INCORPORATED	CL A	57636q104	1,070	10,359	SH		SOLE		7,034	0	3,325
MCDONALDS CORP	COM	580135101	1,553	12,759	SH		SOLE		12,759	0	0
MCKESSON CORP	COM	58155Q103	576	4,100	SH		SOLE		3,200	0	900
MEDTRONIC PLC	SHS	G5960L103	723	10,145	SH		SOLE		7,645	0	2,500
MERCK & CO INC	COM	58933y105	7,458	126,684	SH		SOLE		117,234	0	9,450
METLIFE INC	COM	59156r108	291	5,400	SH		SOLE		200	0	5,200
MICROSOFT CORP	COM	594918104	1,911	30,755	SH		SOLE		26,405	0	4,350
MOLSON COORS BREWING CO	CL B	60871R209	1,156	11,884	SH		SOLE		11,884	0	0
MONDELEZ INTL INC	CL A	609207105	3,013	67,966	SH		SOLE		59,216	0	8,750
NATIONAL GRID PLC	SPON ADR NEW	636274300	375	6,428	SH		SOLE		6,428	0	0
NESTLE	COM	641069406	11,111	154,882	SH		SOLE		143,282	0	11,600
NEXTERA ENERGY INC	COM	65339F101	661	5,535	SH		SOLE		5,535	0	0
NIKE INC	CL B	654106103	2,320	45,652	SH		SOLE		35,202	0	10,450
NOBLE ENERGY INC	COM	655044105	574	15,087	SH		SOLE		15,087	0	0
NORFOLK SOUTHERN CORP	COM	655844108	2,190	20,263	SH		SOLE		19,063	0	1,200
NORTHROP GRUMMAN CORP	COM	666807102	393	1,690	SH		SOLE		1,090	0	600
NOVARTIS A G	SPONSORED ADR	66987V109	1,790	24,579	SH		SOLE		19,079	0	5,500
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	1,754	6,300	SH		SOLE		5,350	0	950
OCCIDENTAL PETE CORP DEL	COM	674599105	5,293	74,306	SH		SOLE		72,356	0	1,950
ONEOK INC NEW	COM	682680103	4,709	82,020	SH		SOLE		79,020	0	3,000
ONEOK PARTNERS LP	UNIT LTD PARTN	68268n103	961	22,340	SH		SOLE		22,340	0	0
PARKER HANNIFIN CORP	COM	701094104	217	1,550	SH		SOLE		1,550	0	0
PEPSICO INC	COM	713448108	14,359	137,234	SH		SOLE		123,409	0	13,825
PFIZER INC	COM	717081103	8,117	249,918	SH		SOLE		232,968	0	16,950
PHILIP MORRIS INTL INC	COM	718172109	3,386	37,005	SH		SOLE		36,105	0	900
PHILLIPS 66	COM	718546104	519	6,006	SH		SOLE		6,006	0	0
PIONEER NAT RES CO	COM	723787107	593	3,291	SH		SOLE		2,991	0	300
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	2,910	90,113	SH		SOLE		79,113	0	11,000
PNC FINL SVCS GROUP INC	COM	693475105	5,334	45,607	SH		SOLE		40,107	0	5,500
POWERSHARES ETF TRUST II	CEF INC COMPST	73936q843	1,312	58,525	SH		SOLE		58,525	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935a104	4,042	34,115	SH		SOLE		34,115	0	0
PPL CORP	COM	69351t106	1,857	54,545	SH		SOLE		52,295	0	2,250
PRICE T ROWE GROUP INC	COM	74144t108	576	7,650	SH		SOLE		4,500	0	3,150
PROCTER AND GAMBLE CO	COM	742718109	10,335	122,920	SH		SOLE		112,822	0	10,098
PROSPERITY BANCSHARES INC	COM	743606105	427	5,950	SH		SOLE		5,950	0	0
PUBLIC STORAGE	COM	74460D109	2,847	12,740	SH		SOLE		12,740	0	0
QUALCOMM INC	COM	747525103	3,572	54,780	SH		SOLE		40,180	0	14,600
RANGE RES CORP	COM	75281a109	405	11,773	SH		SOLE		11,773	0	0
RAYTHEON CO	COM NEW	755111507	6,444	45,379	SH		SOLE		42,029	0	3,350
REALTY INCOME CORP	COM	756109104	1,203	20,925	SH		SOLE		20,925	0	0
REGENERON PHARMACEUTICALS	COM	75886f107	4,660	12,694	SH		SOLE		11,744	0	950
ROCKY MOUNTAIN HIGH BRANDS	COM	77471r108	1	15,000	SH		SOLE		15,000	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	2,833	52,095	SH		SOLE		52,095	0	0
SANOFI	SPONSORED ADR	80105N105	1,562	38,625	SH		SOLE		31,325	0	7,300
SELECT SECTOR SPDR TR	SBI INT-FINL	81369y605	977	42,025	SH		SOLE		28,225	0	13,800
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	766	15,761	SH		SOLE		15,761	0	0
SILVER WHEATON CORP	COM	828336107	1,155	59,789	SH		SOLE		59,789	0	0
SL GREEN RLTY CORP	COM	78440x101	235	2,182	SH		SOLE		2,182	0	0
SM ENERGY CO	COM	78454l100	240	6,974	SH		SOLE		6,974	0	0
SMUCKER J M CO	COM NEW	832696405	880	6,875	SH		SOLE		6,875	0	0
SOUTHWEST AIRLS CO	COM	844741108	370	7,425	SH		SOLE		5,225	0	2,200
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,633	7,305	SH		SOLE		7,305	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464a698	1,402	25,235	SH		SOLE		18,360	0	6,875
SPECTRA ENERGY CORP	COM	847560109	224	5,455	SH		SOLE		1,855	0	3,600
STARBUCKS CORP	COM	855244109	633	11,400	SH		SOLE		10,050	0	1,350
SUNOCO LOGISTICS PRTNRS L P	COM UNITS	86764L108	666	27,721	SH		SOLE		27,721	0	0
SUNOCO LP	COM U REP LP	86765k109	295	10,962	SH		SOLE		10,962	0	0
SYSCO CORP	COM	871829107	1,604	28,968	SH		SOLE		26,068	0	2,900
TARGA RES CORP	COM	87612g101	279	4,977	SH		SOLE		4,977	0	0
TARGET CORP	COM	87612E106	364	5,035	SH		SOLE		3,035	0	2,000
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	226	6,240	SH		SOLE		6,240	0	0
TEXAS INSTRS INC	COM	882508104	269	3,683	SH		SOLE		3,683	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	633	4,485	SH		SOLE		2,835	0	1,650
TIME WARNER INC	COM NEW	887317303	3,725	38,585	SH		SOLE		31,585	0	7,000
TJX COS INC NEW	COM	872540109	356	4,740	SH		SOLE		3,040	0	1,700
TRAVELERS COMPANIES INC	COM	89417E109	1,894	15,475	SH		SOLE		15,475	0	0
UNILEVER N V	N Y SHS NEW	904784709	2,154	52,455	SH		SOLE		41,155	0	11,300
UNION PAC CORP	COM	907818108	4,988	48,105	SH		SOLE		42,205	0	5,900
UNITED TECHNOLOGIES CORP	COM	913017109	7,293	66,527	SH		SOLE		61,652	0	4,875
UNITEDHEALTH GROUP INC	COM	91324p102	488	3,050	SH		SOLE		1,350	0	1,700
US BANCORP DEL	COM NEW	902973304	742	14,450	SH		SOLE		9,750	0	4,700
V F CORP	COM	918204108	2,989	56,034	SH		SOLE		51,009	0	5,025
VALERO ENERGY CORP NEW	COM	91913Y100	1,431	20,942	SH		SOLE		16,142	0	4,800
VALMONT INDS INC	COM	920253101	221	1,568	SH		SOLE		1,568	0	0
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	214	3,600	SH		SOLE		0	0	3,600
VARIAN MED SYS INC	COM	92220P105	883	9,838	SH		SOLE		8,038	0	1,800
VERIZON COMMUNICATIONS INC	COM	92343v104	6,865	128,599	SH		SOLE		119,249	0	9,350
VISA INC	COM CL A	92826c839	934	11,975	SH		SOLE		7,375	0	4,600
VOLVO AB	COM	928854108	171	14,708	SH		SOLE		14,708	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	3,431	41,452	SH		SOLE		34,927	0	6,525
WASTE MGMT INC DEL	COM	94106l109	342	4,825	SH		SOLE		875	0	3,950
WEINGARTEN RLTY INVS	SH BEN INT	948741103	334	9,325	SH		SOLE		9,325	0	0
WELLS FARGO & CO NEW	COM	949746101	11,339	205,758	SH		SOLE		188,283	0	17,475
WEYERHAEUSER CO	COM	962166104	1,623	53,950	SH		SOLE		43,250	0	10,700
WHITEWAVE FOODS CO	COM	966244105	569	10,235	SH		SOLE		7,135	0	3,100
WILLIAMS COS INC DEL	COM	969457100	724	23,253	SH		SOLE		20,153	0	3,100
XILINX INC	COM	983919101	1,335	22,117	SH		SOLE		17,267	0	4,850
XYLEM INC	COM	98419m100	226	4,554	SH		SOLE		4,554	0	0
YAHOO INC	COM	984332106	343	8,861	SH		SOLE		6,161	0	2,700
YUM BRANDS INC	COM	988498101	4,118	65,025	SH		SOLE		58,125	0	6,900
YUM CHINA HLDGS INC	COM	98850p109	1,090	41,731	SH		SOLE		36,831	0	4,900
ZOETIS INC	CL A	98978v103	1,164	21,745	SH		SOLE		17,345	0	4,400
ZURICH INSURANCE GROUP	COM	989825104	4,351	157,723	SH		SOLE		150,223	0	7,500