CUMBERLAND ADVISORS INC

Filed: 1/29/2024ACC: 0001255435-24-000001

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $232.98M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$232.98M

Total AUM (reported)

2.10M

Total Shares

Allocation by class

COMMON$47.11M20.2%

UNITS SER 1 S&P$38.98M16.7%

AEROSPACE DEF$24.54M10.5%

UTSER1 S&PDCRP$22.29M9.6%

CORE S&P SMALL-CAP$19.88M8.5%

SPDR SERIES TRUST$12.64M5.4%

ISHARES BIOTECH$11.82M5.1%

Portfolio Concentration

Top 3$85.81M36.8%

4–10$73.64M31.6%

11–25$47.26M20.3%

Rest$26.28M11.3%

Top 3 weight

36.8%

Top 10 weight

68.4%

Voting Authority Distribution

Total shares with voting rights: 2.10M

Sole

Full voting authority

1.99M

% of voting shares94.7%

Shared

Joint voting authority

125.00

% of voting shares0.0%

None

No voting authority

111.47K

% of voting shares5.3%

Investment Discretion (by position count)

Sole53

Shared0

Other0

Dominant voting typeSole · 94.7% of voting shares

Institutional Holdings53

Rows:

SPDR S&P 500 ETF TR

SOLE

UNITS SER 1 S&P

Shares82K

TypeSH

Market value$38.98M

16.73%

Sole

81.50K

Shared

45.00

None

455.00

SPDR SERIES TRUST

SOLE

AEROSPACE DEF

Shares181.25K

TypeSH

Market value$24.54M

10.54%

Sole

172.16K

Shared

0.00

None

9.09K

SPDR S&P MIDCAP 400

SOLE

UTSER1 S&PDCRP

Shares43.92K

TypeSH

Market value$22.29M

9.57%

Sole

43.28K

Shared

80.00

None

560.00

ISHARES TR

SOLE

CORE S&P SMALL-CAP

Shares183.62K

TypeSH

Market value$19.88M

8.53%

Sole

177.62K

Shared

0.00

None

SPDR S&P MTLS&MNG

SOLE

SPDR SERIES TRUST

Shares211.29K

TypeSH

Market value$12.64M

5.43%

Sole

202.65K

Shared

0.00

None

8.64K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares86.98K

TypeSH

Market value$11.82M

5.07%

Sole

84.48K

Shared

0.00

None

2.50K

BERKSHIRE HATHAWAY

SOLE

CLASS B

Shares25.78K

TypeSH

Market value$9.19M

3.95%

Sole

25.78K

Shared

0.00

None

0.00

ISHARES

SOLE

MSCI ACWI US ETF

Shares148.76K

TypeSH

Market value$7.59M

3.26%

Sole

123.08K

Shared

0.00

None

25.68K

MICROSOFT CORP

SOLE

COMMON

Shares19.45K

TypeSH

Market value$7.32M

3.14%

Sole

19.45K

Shared

0.00

None

0.00

UNITED RENTALS INC

SOLE

COMMON

Shares9.07K

TypeSH

Market value$5.20M

2.23%

Sole

9.07K

Shared

0.00

None

0.00

ISHARES

SOLE

MICRO-CAP ETF

Shares40.14K

TypeSH

Market value$4.66M

2.00%

Sole

39K

Shared

0.00

None

1.14K

SELECT SECTOR SPDR

SOLE

AMEX INDUSTRIAL SEL

Shares35.53K

TypeSH

Market value$4.05M

1.74%

Sole

35.53K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

COMMON

Shares92.06K

TypeSH

Market value$3.92M

1.68%

Sole

92.06K

Shared

0.00

None

0.00

APPLE INC

SOLE

COMMON

Shares19.49K

TypeSH

Market value$3.75M

1.61%

Sole

19.49K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

COM USD0.000006 CL A

Shares9.90K

TypeSH

Market value$3.50M

1.50%

Sole

9.90K

Shared

0.00

None

0.00

SELECT SECTOR SPDR

SOLE

SBI INT-ENERGY

Shares40.18K

TypeSH

Market value$3.37M

1.45%

Sole

40.18K

Shared

0.00

None

0.00

MERCADOLIBRE INC

SOLE

COMMON

Shares1.93K

TypeSH

Market value$3.03M

1.30%

Sole

1.93K

Shared

0.00

None

0.00

CATERPILLAR INC

SOLE

COMMON

Shares9.85K

TypeSH

Market value$2.91M

1.25%

Sole

9.85K

Shared

0.00

None

0.00

ADOBE INC

SOLE

COMMON

Shares4.79K

TypeSH

Market value$2.86M

1.23%

Sole

4.79K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CLASS C

Shares20K

TypeSH

Market value$2.82M

1.21%

Sole

20K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COMMON

Shares16.25K

TypeSH

Market value$2.76M

1.19%

Sole

16.25K

Shared

0.00

None

0.00

FEDEX CORP

SOLE

COMMON

Shares10.18K

TypeSH

Market value$2.57M

1.10%

Sole

10.18K

Shared

0.00

None

0.00

OCCIDENTAL PETE CORP

SOLE

COMMON

Shares41.50K

TypeSH

Market value$2.48M

1.06%

Sole

41.50K

Shared

0.00

None

0.00

MACYS INC

SOLE

COMMON

Shares116.51K

TypeSH

Market value$2.34M

1.01%

Sole

116.51K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA INDEX

Shares60.53K

TypeSH

Market value$2.22M

0.95%

Sole

49.08K

Shared

0.00

None

11.46K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR S&P 500 ETF TRSOLE	UNITS SER 1 S&P	82K	SH	$38.98M 16.73%	81.50K	45.00	455.00
SPDR SERIES TRUSTSOLE	AEROSPACE DEF	181.25K	SH	$24.54M 10.54%	172.16K	0.00	9.09K
SPDR S&P MIDCAP 400SOLE	UTSER1 S&PDCRP	43.92K	SH	$22.29M 9.57%	43.28K	80.00	560.00
ISHARES TRSOLE	CORE S&P SMALL-CAP	183.62K	SH	$19.88M 8.53%	177.62K	0.00	6K
SPDR S&P MTLS&MNGSOLE	SPDR SERIES TRUST	211.29K	SH	$12.64M 5.43%	202.65K	0.00	8.64K
ISHARES TRSOLE	ISHARES BIOTECH	86.98K	SH	$11.82M 5.07%	84.48K	0.00	2.50K
BERKSHIRE HATHAWAYSOLE	CLASS B	25.78K	SH	$9.19M 3.95%	25.78K	0.00	0.00
ISHARESSOLE	MSCI ACWI US ETF	148.76K	SH	$7.59M 3.26%	123.08K	0.00	25.68K
MICROSOFT CORPSOLE	COMMON	19.45K	SH	$7.32M 3.14%	19.45K	0.00	0.00
UNITED RENTALS INCSOLE	COMMON	9.07K	SH	$5.20M 2.23%	9.07K	0.00	0.00
ISHARESSOLE	MICRO-CAP ETF	40.14K	SH	$4.66M 2.00%	39K	0.00	1.14K
SELECT SECTOR SPDRSOLE	AMEX INDUSTRIAL SEL	35.53K	SH	$4.05M 1.74%	35.53K	0.00	0.00
FREEPORT-MCMORAN INCSOLE	COMMON	92.06K	SH	$3.92M 1.68%	92.06K	0.00	0.00
APPLE INCSOLE	COMMON	19.49K	SH	$3.75M 1.61%	19.49K	0.00	0.00
META PLATFORMS INCSOLE	COM USD0.000006 CL A	9.90K	SH	$3.50M 1.50%	9.90K	0.00	0.00
SELECT SECTOR SPDRSOLE	SBI INT-ENERGY	40.18K	SH	$3.37M 1.45%	40.18K	0.00	0.00
MERCADOLIBRE INCSOLE	COMMON	1.93K	SH	$3.03M 1.30%	1.93K	0.00	0.00
CATERPILLAR INCSOLE	COMMON	9.85K	SH	$2.91M 1.25%	9.85K	0.00	0.00
ADOBE INCSOLE	COMMON	4.79K	SH	$2.86M 1.23%	4.79K	0.00	0.00
ALPHABET INCSOLE	CLASS C	20K	SH	$2.82M 1.21%	20K	0.00	0.00
JPMORGAN CHASE & COSOLE	COMMON	16.25K	SH	$2.76M 1.19%	16.25K	0.00	0.00
FEDEX CORPSOLE	COMMON	10.18K	SH	$2.57M 1.10%	10.18K	0.00	0.00
OCCIDENTAL PETE CORPSOLE	COMMON	41.50K	SH	$2.48M 1.06%	41.50K	0.00	0.00
MACYS INCSOLE	COMMON	116.51K	SH	$2.34M 1.01%	116.51K	0.00	0.00
ISHARES INCSOLE	MSCI CDA INDEX	60.53K	SH	$2.22M 0.95%	49.08K	0.00	11.46K

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