CUMBERLAND ADVISORS INC

Filed: 5/9/2025ACC: 0001420506-25-000943

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $220.58M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$220.58M

Total AUM (reported)

1.66M

Total Shares

Allocation by class

TR UNIT$48.53M22.0%

COM$43.58M19.8%

UTSER1 S&PDCRP$25.84M11.7%

AEROSPACE DEF$17.86M8.1%

CL B NEW$14.59M6.6%

ISHARES BIOTECH$9.39M4.3%

U.S. MED DVC ETF$8.66M3.9%

Portfolio Concentration

Top 3$92.23M41.8%

4–10$61.30M27.8%

11–25$48.15M21.8%

Rest$18.90M8.6%

Top 3 weight

41.8%

Top 10 weight

69.6%

Voting Authority Distribution

Total shares with voting rights: 1.66M

Sole

Full voting authority

1.57M

% of voting shares94.4%

Shared

Joint voting authority

215.00

% of voting shares0.0%

None

No voting authority

92.37K

% of voting shares5.6%

Investment Discretion (by position count)

Sole49

Shared0

Other0

Dominant voting typeSole · 94.4% of voting shares

Institutional Holdings49

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares86.75K

TypeSH

Market value$48.53M

22.00%

Sole

86.51K

Shared

45.00

None

195.00

SPDR S&P MIDCAP 400 ETF TR

SOLE

UTSER1 S&PDCRP

Shares48.44K

TypeSH

Market value$25.84M

11.71%

Sole

47.97K

Shared

80.00

None

385.00

SPDR SER TR

SOLE

AEROSPACE DEF

Shares111.15K

TypeSH

Market value$17.86M

8.10%

Sole

104.25K

Shared

0.00

None

6.90K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares27.40K

TypeSH

Market value$14.59M

6.62%

Sole

27.34K

Shared

0.00

None

60.00

ISHARES TR

SOLE

ISHARES BIOTECH

Shares73.44K

TypeSH

Market value$9.39M

4.26%

Sole

69.02K

Shared

0.00

None

4.42K

ISHARES TR

SOLE

U.S. MED DVC ETF

Shares143.86K

TypeSH

Market value$8.66M

3.93%

Sole

135.17K

Shared

0.00

None

8.69K

ISHARES TR

SOLE

MSCI ACWI EX US

Shares149.16K

TypeSH

Market value$8.27M

3.75%

Sole

117.52K

Shared

0.00

None

31.65K

MICROSOFT CORP

SOLE

COM

Shares19.98K

TypeSH

Market value$7.50M

3.40%

Sole

19.95K

Shared

0.00

None

40.00

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares67.61K

TypeSH

Market value$7.07M

3.21%

Sole

63.59K

Shared

0.00

None

4.02K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares15.67K

TypeSH

Market value$5.81M

2.63%

Sole

15.21K

Shared

90.00

None

370.00

UNITED RENTALS INC

SOLE

COM

Shares8.32K

TypeSH

Market value$5.22M

2.37%

Sole

8.32K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

INDL

Shares37.89K

TypeSH

Market value$4.97M

2.25%

Sole

37.80K

Shared

0.00

None

90.00

META PLATFORMS INC

SOLE

CL A

Shares7.96K

TypeSH

Market value$4.59M

2.08%

Sole

7.96K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares19.41K

TypeSH

Market value$4.31M

1.95%

Sole

19.41K

Shared

0.00

None

0.00

MERCADOLIBRE INC

SOLE

COM

Shares1.93K

TypeSH

Market value$3.77M

1.71%

Sole

1.93K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

CL B

Shares91.35K

TypeSH

Market value$3.46M

1.57%

Sole

91.35K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares20.18K

TypeSH

Market value$3.15M

1.43%

Sole

20.18K

Shared

0.00

None

0.00

CATERPILLAR INC

SOLE

COM

Shares9.55K

TypeSH

Market value$3.15M

1.43%

Sole

9.55K

Shared

0.00

None

0.00

CUMMINS INC

SOLE

COM

Shares8.55K

TypeSH

Market value$2.68M

1.21%

Sole

8.55K

Shared

0.00

None

0.00

FEDEX CORP

SOLE

COM

Shares10.18K

TypeSH

Market value$2.48M

1.12%

Sole

10.18K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA ETF

Shares53.57K

TypeSH

Market value$2.18M

0.99%

Sole

42.41K

Shared

0.00

None

11.16K

BANK AMERICA CORP

SOLE

COM

Shares51.24K

TypeSH

Market value$2.14M

0.97%

Sole

51.24K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares30.93K

TypeSH

Market value$2.12M

0.96%

Sole

24.08K

Shared

0.00

None

6.85K

OCCIDENTAL PETE CORP

SOLE

COM

Shares40.50K

TypeSH

Market value$2.00M

0.91%

Sole

40.50K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI INDIA ETF

Shares37.68K

TypeSH

Market value$1.94M

0.88%

Sole

29.50K

Shared

0.00

None

8.18K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	86.75K	SH	$48.53M 22.00%	86.51K	45.00	195.00
SPDR S&P MIDCAP 400 ETF TRSOLE	UTSER1 S&PDCRP	48.44K	SH	$25.84M 11.71%	47.97K	80.00	385.00
SPDR SER TRSOLE	AEROSPACE DEF	111.15K	SH	$17.86M 8.10%	104.25K	0.00	6.90K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	27.40K	SH	$14.59M 6.62%	27.34K	0.00	60.00
ISHARES TRSOLE	ISHARES BIOTECH	73.44K	SH	$9.39M 4.26%	69.02K	0.00	4.42K
ISHARES TRSOLE	U.S. MED DVC ETF	143.86K	SH	$8.66M 3.93%	135.17K	0.00	8.69K
ISHARES TRSOLE	MSCI ACWI EX US	149.16K	SH	$8.27M 3.75%	117.52K	0.00	31.65K
MICROSOFT CORPSOLE	COM	19.98K	SH	$7.50M 3.40%	19.95K	0.00	40.00
ISHARES TRSOLE	CORE S&P SCP ETF	67.61K	SH	$7.07M 3.21%	63.59K	0.00	4.02K
VANGUARD INDEX FDSSOLE	GROWTH ETF	15.67K	SH	$5.81M 2.63%	15.21K	90.00	370.00
UNITED RENTALS INCSOLE	COM	8.32K	SH	$5.22M 2.37%	8.32K	0.00	0.00
SELECT SECTOR SPDR TRSOLE	INDL	37.89K	SH	$4.97M 2.25%	37.80K	0.00	90.00
META PLATFORMS INCSOLE	CL A	7.96K	SH	$4.59M 2.08%	7.96K	0.00	0.00
APPLE INCSOLE	COM	19.41K	SH	$4.31M 1.95%	19.41K	0.00	0.00
MERCADOLIBRE INCSOLE	COM	1.93K	SH	$3.77M 1.71%	1.93K	0.00	0.00
FREEPORT-MCMORAN INCSOLE	CL B	91.35K	SH	$3.46M 1.57%	91.35K	0.00	0.00
ALPHABET INCSOLE	CAP STK CL C	20.18K	SH	$3.15M 1.43%	20.18K	0.00	0.00
CATERPILLAR INCSOLE	COM	9.55K	SH	$3.15M 1.43%	9.55K	0.00	0.00
CUMMINS INCSOLE	COM	8.55K	SH	$2.68M 1.21%	8.55K	0.00	0.00
FEDEX CORPSOLE	COM	10.18K	SH	$2.48M 1.12%	10.18K	0.00	0.00
ISHARES INCSOLE	MSCI CDA ETF	53.57K	SH	$2.18M 0.99%	42.41K	0.00	11.16K
BANK AMERICA CORPSOLE	COM	51.24K	SH	$2.14M 0.97%	51.24K	0.00	0.00
ISHARES INCSOLE	MSCI JPN ETF NEW	30.93K	SH	$2.12M 0.96%	24.08K	0.00	6.85K
OCCIDENTAL PETE CORPSOLE	COM	40.50K	SH	$2.00M 0.91%	40.50K	0.00	0.00
ISHARES TRSOLE	MSCI INDIA ETF	37.68K	SH	$1.94M 0.88%	29.50K	0.00	8.18K

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