CUMBERLAND ADVISORS INC

Filed: 4/28/2023ACC: 0001255435-23-000006

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 59 equity positions with a total reported market value of $243.75M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$243.75M

Total AUM (reported)

2.80M

Total Shares

Allocation by class

COMMON$44.96M18.4%

UNITS SER 1 S&P$43.10M17.7%

AEROSPACE DEF$22.71M9.3%

UTSER1 S&PDCRP$18.85M7.7%

ULTRPRO S&P500$15.75M6.5%

U.S. MED DVC ETF$15.00M6.2%

CLASS B$11.74M4.8%

Portfolio Concentration

Top 3$84.66M34.7%

4–10$74.67M30.6%

11–25$49.67M20.4%

Rest$34.75M14.3%

Top 3 weight

34.7%

Top 10 weight

65.4%

Voting Authority Distribution

Total shares with voting rights: 2.80M

Sole

Full voting authority

2.68M

% of voting shares95.7%

Shared

Joint voting authority

330.00

% of voting shares0.0%

None

No voting authority

120.08K

% of voting shares4.3%

Investment Discretion (by position count)

Sole59

Shared0

Other0

Dominant voting typeSole · 95.7% of voting shares

Institutional Holdings59

Rows:

SPDR S&P 500 ETF TR

SOLE

UNITS SER 1 S&P

Shares105.28K

TypeSH

Market value$43.10M

17.68%

Sole

104.77K

Shared

280.00

None

230.00

SPDR SERIES TRUST

SOLE

AEROSPACE DEF

Shares194.24K

TypeSH

Market value$22.71M

9.32%

Sole

185.15K

Shared

0.00

None

9.09K

SPDR S&P MIDCAP 400

SOLE

UTSER1 S&PDCRP

Shares41.12K

TypeSH

Market value$18.85M

7.73%

Sole

40.50K

Shared

50.00

None

570.00

PROSHARES TR

SOLE

ULTRPRO S&P500

Shares408.42K

TypeSH

Market value$15.75M

6.46%

Sole

408.42K

Shared

0.00

None

0.00

ISHARES

SOLE

U.S. MED DVC ETF

Shares277.84K

TypeSH

Market value$15.00M

6.15%

Sole

266.51K

Shared

0.00

None

11.33K

BERKSHIRE HATHAWAY

SOLE

CLASS B

Shares38.02K

TypeSH

Market value$11.74M

4.82%

Sole

38.02K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

HEALTH CARE

Shares80.69K

TypeSH

Market value$10.45M

4.29%

Sole

77K

Shared

0.00

None

3.68K

ISHARES TR

SOLE

CORE S&P SMALL-CAP

Shares99.21K

TypeSH

Market value$9.59M

3.94%

Sole

94.42K

Shared

0.00

None

4.79K

MICROSOFT CORP

SOLE

COMMON

Shares22.14K

TypeSH

Market value$6.38M

2.62%

Sole

22.14K

Shared

0.00

None

0.00

ISHARES

SOLE

MSCI ACWI US ETF

Shares118.16K

TypeSH

Market value$5.76M

2.36%

Sole

100.76K

Shared

0.00

None

17.40K

ISHARES INC

SOLE

MSCI TAIWAN ETF

Shares114.49K

TypeSH

Market value$5.19M

2.13%

Sole

95.37K

Shared

0.00

None

19.12K

SCHWAB CHARLES CORP

SOLE

COM

Shares82.89K

TypeSH

Market value$4.34M

1.78%

Sole

82.89K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COMMON

Shares29.77K

TypeSH

Market value$3.88M

1.59%

Sole

29.77K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

COMMON

Shares91.06K

TypeSH

Market value$3.73M

1.53%

Sole

91.06K

Shared

0.00

None

0.00

UNITED RENTALS INC

SOLE

COMMON

Shares9.15K

TypeSH

Market value$3.62M

1.49%

Sole

9.15K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI INT-ENERGY

Shares43.53K

TypeSH

Market value$3.61M

1.48%

Sole

43.53K

Shared

0.00

None

0.00

ADOBE INC

SOLE

COMMON

Shares8.62K

TypeSH

Market value$3.32M

1.36%

Sole

8.62K

Shared

0.00

None

0.00

APPLE INC

SOLE

COMMON

Shares19.75K

TypeSH

Market value$3.26M

1.34%

Sole

19.75K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI INT-TECH

Shares19.16K

TypeSH

Market value$2.89M

1.19%

Sole

19.16K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI CONS DISCR

Shares18.91K

TypeSH

Market value$2.83M

1.16%

Sole

18.91K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA INDEX

Shares81.61K

TypeSH

Market value$2.79M

1.14%

Sole

70.03K

Shared

0.00

None

11.58K

ISHARES INC

SOLE

MSCI JAPAN ETF

Shares47.31K

TypeSH

Market value$2.78M

1.14%

Sole

40.30K

Shared

0.00

None

7.01K

MERCADOLIBRE INC

SOLE

COMMON

Shares1.93K

TypeSH

Market value$2.54M

1.04%

Sole

1.93K

Shared

0.00

None

0.00

OCCIDENTAL PETE CORP

SOLE

COMMON

Shares39.90K

TypeSH

Market value$2.49M

1.02%

Sole

39.90K

Shared

0.00

None

0.00

SPDR S&P MTLS&MNG

SOLE

SPDR SERIES TRUST

Shares45.23K

TypeSH

Market value$2.40M

0.99%

Sole

45.23K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR S&P 500 ETF TRSOLE	UNITS SER 1 S&P	105.28K	SH	$43.10M 17.68%	104.77K	280.00	230.00
SPDR SERIES TRUSTSOLE	AEROSPACE DEF	194.24K	SH	$22.71M 9.32%	185.15K	0.00	9.09K
SPDR S&P MIDCAP 400SOLE	UTSER1 S&PDCRP	41.12K	SH	$18.85M 7.73%	40.50K	50.00	570.00
PROSHARES TRSOLE	ULTRPRO S&P500	408.42K	SH	$15.75M 6.46%	408.42K	0.00	0.00
ISHARESSOLE	U.S. MED DVC ETF	277.84K	SH	$15.00M 6.15%	266.51K	0.00	11.33K
BERKSHIRE HATHAWAYSOLE	CLASS B	38.02K	SH	$11.74M 4.82%	38.02K	0.00	0.00
SELECT SECTOR SPDRSOLE	HEALTH CARE	80.69K	SH	$10.45M 4.29%	77K	0.00	3.68K
ISHARES TRSOLE	CORE S&P SMALL-CAP	99.21K	SH	$9.59M 3.94%	94.42K	0.00	4.79K
MICROSOFT CORPSOLE	COMMON	22.14K	SH	$6.38M 2.62%	22.14K	0.00	0.00
ISHARESSOLE	MSCI ACWI US ETF	118.16K	SH	$5.76M 2.36%	100.76K	0.00	17.40K
ISHARES INCSOLE	MSCI TAIWAN ETF	114.49K	SH	$5.19M 2.13%	95.37K	0.00	19.12K
SCHWAB CHARLES CORPSOLE	COM	82.89K	SH	$4.34M 1.78%	82.89K	0.00	0.00
JPMORGAN CHASE & COSOLE	COMMON	29.77K	SH	$3.88M 1.59%	29.77K	0.00	0.00
FREEPORT-MCMORAN INCSOLE	COMMON	91.06K	SH	$3.73M 1.53%	91.06K	0.00	0.00
UNITED RENTALS INCSOLE	COMMON	9.15K	SH	$3.62M 1.49%	9.15K	0.00	0.00
SELECT SECTOR SPDRSOLE	SBI INT-ENERGY	43.53K	SH	$3.61M 1.48%	43.53K	0.00	0.00
ADOBE INCSOLE	COMMON	8.62K	SH	$3.32M 1.36%	8.62K	0.00	0.00
APPLE INCSOLE	COMMON	19.75K	SH	$3.26M 1.34%	19.75K	0.00	0.00
SELECT SECTOR SPDRSOLE	SBI INT-TECH	19.16K	SH	$2.89M 1.19%	19.16K	0.00	0.00
SELECT SECTOR SPDRSOLE	SBI CONS DISCR	18.91K	SH	$2.83M 1.16%	18.91K	0.00	0.00
ISHARES INCSOLE	MSCI CDA INDEX	81.61K	SH	$2.79M 1.14%	70.03K	0.00	11.58K
ISHARES INCSOLE	MSCI JAPAN ETF	47.31K	SH	$2.78M 1.14%	40.30K	0.00	7.01K
MERCADOLIBRE INCSOLE	COMMON	1.93K	SH	$2.54M 1.04%	1.93K	0.00	0.00
OCCIDENTAL PETE CORPSOLE	COMMON	39.90K	SH	$2.49M 1.02%	39.90K	0.00	0.00
SPDR S&P MTLS&MNGSOLE	SPDR SERIES TRUST	45.23K	SH	$2.40M 0.99%	45.23K	0.00	0.00

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