CUMBERLAND ADVISORS INC

Filed: 1/30/2023ACC: 0001255435-23-000003

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 58 equity positions with a total reported market value of $230.88M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$230.88M

Total AUM (reported)

2.99M

Total Shares

Allocation by class

COMMON$44.42M19.2%

UNITS SER 1 S&P$28.05M12.1%

AEROSPACE DEF$22.33M9.7%

UTSER1 S&PDCRP$18.39M8.0%

U.S. MED DVC ETF$15.31M6.6%

HEALTH CARE$13.27M5.7%

CLASS B$11.84M5.1%

Portfolio Concentration

Top 3$68.77M29.8%

4–10$76.38M33.1%

11–25$52.70M22.8%

Rest$33.03M14.3%

Top 3 weight

29.8%

Top 10 weight

62.9%

Voting Authority Distribution

Total shares with voting rights: 2.99M

Sole

Full voting authority

2.83M

% of voting shares95.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

150.69K

% of voting shares5.0%

Investment Discretion (by position count)

Sole58

Shared0

Other0

Dominant voting typeSole · 95.0% of voting shares

Institutional Holdings58

Rows:

SPDR S&P 500 ETF TR

SOLE

UNITS SER 1 S&P

Shares73.35K

TypeSH

Market value$28.05M

12.15%

Sole

73.24K

Shared

0.00

None

110.00

SPDR SERIES TRUST

SOLE

AEROSPACE DEF

Shares202.92K

TypeSH

Market value$22.33M

9.67%

Sole

193.34K

Shared

0.00

None

9.58K

SPDR S&P MIDCAP 400

SOLE

UTSER1 S&PDCRP

Shares41.53K

TypeSH

Market value$18.39M

7.96%

Sole

40.98K

Shared

0.00

None

550.00

ISHARES

SOLE

U.S. MED DVC ETF

Shares291.20K

TypeSH

Market value$15.31M

6.63%

Sole

278.92K

Shared

0.00

None

12.28K

SELECT SECTOR SPDR

SOLE

HEALTH CARE

Shares97.70K

TypeSH

Market value$13.27M

5.75%

Sole

94.05K

Shared

0.00

None

3.66K

BERKSHIRE HATHAWAY

SOLE

CLASS B

Shares38.33K

TypeSH

Market value$11.84M

5.13%

Sole

38.33K

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

SPDR S TR/S&P TRANS

Shares165.93K

TypeSH

Market value$11.15M

4.83%

Sole

157.99K

Shared

0.00

None

7.94K

VANECK ETF TRUST

SOLE

GOLD MINERS ETF

Shares358.11K

TypeSH

Market value$10.26M

4.45%

Sole

341.18K

Shared

0.00

None

16.93K

MICROSOFT CORP

SOLE

COMMON

Shares34.80K

TypeSH

Market value$8.35M

3.62%

Sole

34.80K

Shared

0.00

None

0.00

SCHWAB CHARLES CORP

SOLE

COM

Shares74.44K

TypeSH

Market value$6.20M

2.68%

Sole

74.44K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA INDEX

Shares164.50K

TypeSH

Market value$5.38M

2.33%

Sole

138.87K

Shared

0.00

None

25.64K

ISHARES

SOLE

MSCI ACWI US ETF

Shares118.20K

TypeSH

Market value$5.38M

2.33%

Sole

101.38K

Shared

0.00

None

16.82K

ISHARES INC

SOLE

MSCI TAIWAN ETF

Shares115.21K

TypeSH

Market value$4.63M

2.00%

Sole

95.68K

Shared

0.00

None

19.53K

JPMORGAN CHASE & CO

SOLE

COMMON

Shares29.70K

TypeSH

Market value$3.98M

1.73%

Sole

29.70K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI CONS STPLS

Shares51.32K

TypeSH

Market value$3.83M

1.66%

Sole

51.32K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI INT-ENERGY

Shares43.64K

TypeSH

Market value$3.82M

1.65%

Sole

43.64K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI INT-UTILS

Shares53.80K

TypeSH

Market value$3.79M

1.64%

Sole

53.80K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

COMMON

Shares91.06K

TypeSH

Market value$3.46M

1.50%

Sole

91.06K

Shared

0.00

None

0.00

UNITED RENTALS INC

SOLE

COMMON

Shares9.15K

TypeSH

Market value$3.25M

1.41%

Sole

9.15K

Shared

0.00

None

0.00

ADOBE INC

SOLE

COMMON

Shares8.53K

TypeSH

Market value$2.87M

1.24%

Sole

8.53K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI JAPAN ETF

Shares47.78K

TypeSH

Market value$2.60M

1.13%

Sole

40.75K

Shared

0.00

None

7.03K

APPLE INC

SOLE

COMMON

Shares19.75K

TypeSH

Market value$2.57M

1.11%

Sole

19.75K

Shared

0.00

None

0.00

OCCIDENTAL PETE CORP

SOLE

COMMON

Shares39.90K

TypeSH

Market value$2.51M

1.09%

Sole

39.90K

Shared

0.00

None

0.00

CATERPILLAR INC

SOLE

COMMON

Shares9.85K

TypeSH

Market value$2.36M

1.02%

Sole

9.85K

Shared

0.00

None

0.00

SPDR S&P MTLS&MNG

SOLE

SPDR SERIES TRUST

Shares45.47K

TypeSH

Market value$2.26M

0.98%

Sole

45.47K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	UNITS SER 1 S&P	73.35K	SH	$28.05M 12.15%	73.24K	110.00
SPDR SERIES TRUSTSOLE	AEROSPACE DEF	202.92K	SH	$22.33M 9.67%	193.34K	9.58K
SPDR S&P MIDCAP 400SOLE	UTSER1 S&PDCRP	41.53K	SH	$18.39M 7.96%	40.98K	550.00
ISHARESSOLE	U.S. MED DVC ETF	291.20K	SH	$15.31M 6.63%	278.92K	12.28K
SELECT SECTOR SPDRSOLE	HEALTH CARE	97.70K	SH	$13.27M 5.75%	94.05K	3.66K
BERKSHIRE HATHAWAYSOLE	CLASS B	38.33K	SH	$11.84M 5.13%	38.33K	0.00
SPDR SERIES TRUSTSOLE	SPDR S TR/S&P TRANS	165.93K	SH	$11.15M 4.83%	157.99K	7.94K
VANECK ETF TRUSTSOLE	GOLD MINERS ETF	358.11K	SH	$10.26M 4.45%	341.18K	16.93K
MICROSOFT CORPSOLE	COMMON	34.80K	SH	$8.35M 3.62%	34.80K	0.00
SCHWAB CHARLES CORPSOLE	COM	74.44K	SH	$6.20M 2.68%	74.44K	0.00
ISHARES INCSOLE	MSCI CDA INDEX	164.50K	SH	$5.38M 2.33%	138.87K	25.64K
ISHARESSOLE	MSCI ACWI US ETF	118.20K	SH	$5.38M 2.33%	101.38K	16.82K
ISHARES INCSOLE	MSCI TAIWAN ETF	115.21K	SH	$4.63M 2.00%	95.68K	19.53K
JPMORGAN CHASE & COSOLE	COMMON	29.70K	SH	$3.98M 1.73%	29.70K	0.00
SELECT SECTOR SPDRSOLE	SBI CONS STPLS	51.32K	SH	$3.83M 1.66%	51.32K	0.00
SELECT SECTOR SPDRSOLE	SBI INT-ENERGY	43.64K	SH	$3.82M 1.65%	43.64K	0.00
SELECT SECTOR SPDRSOLE	SBI INT-UTILS	53.80K	SH	$3.79M 1.64%	53.80K	0.00
FREEPORT-MCMORAN INCSOLE	COMMON	91.06K	SH	$3.46M 1.50%	91.06K	0.00
UNITED RENTALS INCSOLE	COMMON	9.15K	SH	$3.25M 1.41%	9.15K	0.00
ADOBE INCSOLE	COMMON	8.53K	SH	$2.87M 1.24%	8.53K	0.00
ISHARES INCSOLE	MSCI JAPAN ETF	47.78K	SH	$2.60M 1.13%	40.75K	7.03K
APPLE INCSOLE	COMMON	19.75K	SH	$2.57M 1.11%	19.75K	0.00
OCCIDENTAL PETE CORPSOLE	COMMON	39.90K	SH	$2.51M 1.09%	39.90K	0.00
CATERPILLAR INCSOLE	COMMON	9.85K	SH	$2.36M 1.02%	9.85K	0.00
SPDR S&P MTLS&MNGSOLE	SPDR SERIES TRUST	45.47K	SH	$2.26M 0.98%	45.47K	0.00

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