CUMBERLAND ADVISORS INC

Filed: 8/7/2025ACC: 0001420506-25-001765

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $237.71M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$237.71M

Total AUM (reported)

1.68M

Total Shares

Allocation by class

TR UNIT$54.57M23.0%

COM$48.52M20.4%

UTSER1 S&PDCRP$25.32M10.7%

AEROSPACE DEF$17.02M7.2%

CL B NEW$13.40M5.6%

MSCI ACWI EX US$10.33M4.3%

ISHARES BIOTECH$8.34M3.5%

Portfolio Concentration

Top 3$96.91M40.8%

4–10$63.75M26.8%

11–25$56.11M23.6%

Rest$20.95M8.8%

Top 3 weight

40.8%

Top 10 weight

67.6%

Voting Authority Distribution

Total shares with voting rights: 1.68M

Sole

Full voting authority

1.58M

% of voting shares94.0%

Shared

Joint voting authority

205.00

% of voting shares0.0%

None

No voting authority

100.11K

% of voting shares6.0%

Investment Discretion (by position count)

Sole49

Shared0

Other0

Dominant voting typeSole · 94.0% of voting shares

Institutional Holdings49

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares88.32K

TypeSH

Market value$54.57M

22.96%

Sole

87.99K

Shared

55.00

None

275.00

SPDR S&P MIDCAP 400 ETF TR

SOLE

UTSER1 S&PDCRP

Shares44.70K

TypeSH

Market value$25.32M

10.65%

Sole

44.37K

Shared

60.00

None

275.00

SPDR SERIES TRUST

SOLE

AEROSPACE DEF

Shares80.69K

TypeSH

Market value$17.02M

7.16%

Sole

75.31K

Shared

0.00

None

5.38K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares27.58K

TypeSH

Market value$13.40M

5.64%

Sole

27.52K

Shared

0.00

None

60.00

ISHARES TR

SOLE

MSCI ACWI EX US

Shares169.47K

TypeSH

Market value$10.33M

4.34%

Sole

132.97K

Shared

0.00

None

36.50K

MICROSOFT CORP

SOLE

COM

Shares19.93K

TypeSH

Market value$9.91M

4.17%

Sole

19.89K

Shared

0.00

None

40.00

ISHARES TR

SOLE

ISHARES BIOTECH

Shares65.92K

TypeSH

Market value$8.34M

3.51%

Sole

61.50K

Shared

0.00

None

4.42K

ISHARES TR

SOLE

U.S. MED DVC ETF

Shares130.97K

TypeSH

Market value$8.20M

3.45%

Sole

122.28K

Shared

0.00

None

8.69K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares15.66K

TypeSH

Market value$6.86M

2.89%

Sole

15.20K

Shared

90.00

None

370.00

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares61.37K

TypeSH

Market value$6.71M

2.82%

Sole

57.35K

Shared

0.00

None

4.02K

UNITED RENTALS INC

SOLE

COM

Shares8.15K

TypeSH

Market value$6.14M

2.58%

Sole

8.15K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares7.70K

TypeSH

Market value$5.68M

2.39%

Sole

7.70K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

INDL

Shares38.21K

TypeSH

Market value$5.64M

2.37%

Sole

38.12K

Shared

0.00

None

90.00

MERCADOLIBRE INC

SOLE

COM

Shares1.93K

TypeSH

Market value$5.04M

2.12%

Sole

1.93K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

CL B

Shares91.35K

TypeSH

Market value$3.96M

1.67%

Sole

91.35K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares19.23K

TypeSH

Market value$3.95M

1.66%

Sole

19.23K

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

S&P INS ETF

Shares65.33K

TypeSH

Market value$3.90M

1.64%

Sole

60.89K

Shared

0.00

None

4.44K

CATERPILLAR INC

SOLE

COM

Shares9.55K

TypeSH

Market value$3.71M

1.56%

Sole

9.55K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares20.15K

TypeSH

Market value$3.57M

1.50%

Sole

20.15K

Shared

0.00

None

0.00

CUMMINS INC

SOLE

COM

Shares8.25K

TypeSH

Market value$2.70M

1.14%

Sole

8.25K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA ETF

Shares53.65K

TypeSH

Market value$2.48M

1.04%

Sole

42.49K

Shared

0.00

None

11.16K

BANK AMERICA CORP

SOLE

COM

Shares51.20K

TypeSH

Market value$2.42M

1.02%

Sole

51.20K

Shared

0.00

None

0.00

FEDEX CORP

SOLE

COM

Shares10.18K

TypeSH

Market value$2.31M

0.97%

Sole

10.18K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI JPN ETF NEW

Shares30.78K

TypeSH

Market value$2.31M

0.97%

Sole

23.93K

Shared

0.00

None

6.85K

ISHARES INC

SOLE

MSCI TAIWAN ETF

Shares39.85K

TypeSH

Market value$2.29M

0.96%

Sole

31.70K

Shared

0.00

None

8.16K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	88.32K	SH	$54.57M 22.96%	87.99K	55.00	275.00
SPDR S&P MIDCAP 400 ETF TRSOLE	UTSER1 S&PDCRP	44.70K	SH	$25.32M 10.65%	44.37K	60.00	275.00
SPDR SERIES TRUSTSOLE	AEROSPACE DEF	80.69K	SH	$17.02M 7.16%	75.31K	0.00	5.38K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	27.58K	SH	$13.40M 5.64%	27.52K	0.00	60.00
ISHARES TRSOLE	MSCI ACWI EX US	169.47K	SH	$10.33M 4.34%	132.97K	0.00	36.50K
MICROSOFT CORPSOLE	COM	19.93K	SH	$9.91M 4.17%	19.89K	0.00	40.00
ISHARES TRSOLE	ISHARES BIOTECH	65.92K	SH	$8.34M 3.51%	61.50K	0.00	4.42K
ISHARES TRSOLE	U.S. MED DVC ETF	130.97K	SH	$8.20M 3.45%	122.28K	0.00	8.69K
VANGUARD INDEX FDSSOLE	GROWTH ETF	15.66K	SH	$6.86M 2.89%	15.20K	90.00	370.00
ISHARES TRSOLE	CORE S&P SCP ETF	61.37K	SH	$6.71M 2.82%	57.35K	0.00	4.02K
UNITED RENTALS INCSOLE	COM	8.15K	SH	$6.14M 2.58%	8.15K	0.00	0.00
META PLATFORMS INCSOLE	CL A	7.70K	SH	$5.68M 2.39%	7.70K	0.00	0.00
SELECT SECTOR SPDR TRSOLE	INDL	38.21K	SH	$5.64M 2.37%	38.12K	0.00	90.00
MERCADOLIBRE INCSOLE	COM	1.93K	SH	$5.04M 2.12%	1.93K	0.00	0.00
FREEPORT-MCMORAN INCSOLE	CL B	91.35K	SH	$3.96M 1.67%	91.35K	0.00	0.00
APPLE INCSOLE	COM	19.23K	SH	$3.95M 1.66%	19.23K	0.00	0.00
SPDR SERIES TRUSTSOLE	S&P INS ETF	65.33K	SH	$3.90M 1.64%	60.89K	0.00	4.44K
CATERPILLAR INCSOLE	COM	9.55K	SH	$3.71M 1.56%	9.55K	0.00	0.00
ALPHABET INCSOLE	CAP STK CL C	20.15K	SH	$3.57M 1.50%	20.15K	0.00	0.00
CUMMINS INCSOLE	COM	8.25K	SH	$2.70M 1.14%	8.25K	0.00	0.00
ISHARES INCSOLE	MSCI CDA ETF	53.65K	SH	$2.48M 1.04%	42.49K	0.00	11.16K
BANK AMERICA CORPSOLE	COM	51.20K	SH	$2.42M 1.02%	51.20K	0.00	0.00
FEDEX CORPSOLE	COM	10.18K	SH	$2.31M 0.97%	10.18K	0.00	0.00
ISHARES INCSOLE	MSCI JPN ETF NEW	30.78K	SH	$2.31M 0.97%	23.93K	0.00	6.85K
ISHARES INCSOLE	MSCI TAIWAN ETF	39.85K	SH	$2.29M 0.96%	31.70K	0.00	8.16K

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