A sleeve for storing a Y-shaped cord without tangling and a method of managing a Y-shaped cord by grouping a plurality of the cord loose ends in the sleeve, each into a separate portion, forming a closed loop. The sleeve is triangular-shaped, having a conical sidewall with an open top end and an open bottom end. Inside the sleeve, the ends of the cord are separated by at least one fastener. The closed loop makes it less likely that the cord will tangle with other objects or with itself. If the cord does tangle when in the closed loop, the topology of the closed loop makes untangling the cord simpler and quicker than if the ends were loose. When using the Y-cord, the sleeve remains on the cord, not interfering with the cord functioning and not easily lost.