CUMBERLAND ADVISORS INC

Filed: 2/2/2026ACC: 0001420506-26-000128

📋 What this filing means

CUMBERLAND ADVISORS INC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $263.79M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$263.79M

Total AUM (reported)

1.64M

Total Shares

Allocation by class

TR UNIT$59.97M22.7%

COM$53.32M20.2%

STATE STREET SPD$26.85M10.2%

UTSER1 S&PDCRP$26.51M10.1%

CL B NEW$14.43M5.5%

MSCI ACWI EX US$11.26M4.3%

ISHARES BIOTECH$10.84M4.1%

Portfolio Concentration

Top 3$104.82M39.7%

4–10$71.16M27.0%

11–25$67.43M25.6%

Rest$20.37M7.7%

Top 3 weight

39.7%

Top 10 weight

66.7%

Voting Authority Distribution

Total shares with voting rights: 1.64M

Sole

Full voting authority

1.54M

% of voting shares93.9%

Shared

Joint voting authority

245.00

% of voting shares0.0%

None

No voting authority

99.83K

% of voting shares6.1%

Investment Discretion (by position count)

Sole49

Shared0

Other0

Dominant voting typeSole · 93.9% of voting shares

Institutional Holdings49

Rows:

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares87.94K

TypeSH

Market value$59.97M

22.73%

Sole

87.51K

Shared

75.00

None

355.00

SPDR S&P MIDCAP 400 ETF TR

SOLE

UTSER1 S&PDCRP

Shares43.95K

TypeSH

Market value$26.51M

10.05%

Sole

43.60K

Shared

70.00

None

275.00

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares76K

TypeSH

Market value$18.33M

6.95%

Sole

70.62K

Shared

0.00

None

5.38K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares28.70K

TypeSH

Market value$14.43M

5.47%

Sole

28.64K

Shared

0.00

None

60.00

ISHARES TR

SOLE

MSCI ACWI EX US

Shares167.78K

TypeSH

Market value$11.26M

4.27%

Sole

131.22K

Shared

0.00

None

36.56K

ISHARES TR

SOLE

ISHARES BIOTECH

Shares64.23K

TypeSH

Market value$10.84M

4.11%

Sole

59.81K

Shared

0.00

None

4.42K

MICROSOFT CORP

SOLE

COM

Shares21.20K

TypeSH

Market value$10.25M

3.89%

Sole

21.16K

Shared

0.00

None

40.00

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares18.20K

TypeSH

Market value$8.88M

3.37%

Sole

17.63K

Shared

100.00

None

470.00

ISHARES TR

SOLE

U.S. MED DVC ETF

Shares130.47K

TypeSH

Market value$8.11M

3.07%

Sole

121.78K

Shared

0.00

None

8.69K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares122.91K

TypeSH

Market value$7.39M

2.80%

Sole

114.47K

Shared

0.00

None

8.44K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares60.88K

TypeSH

Market value$7.32M

2.77%

Sole

56.85K

Shared

0.00

None

4.02K

UNITED RENTALS INC

SOLE

COM

Shares7.91K

TypeSH

Market value$6.40M

2.43%

Sole

7.91K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

STATE STREET IND

Shares39.61K

TypeSH

Market value$6.14M

2.33%

Sole

39.52K

Shared

0.00

None

90.00

ALPHABET INC

SOLE

CAP STK CL C

Shares19K

TypeSH

Market value$5.96M

2.26%

Sole

19K

Shared

0.00

None

0.00

CATERPILLAR INC

SOLE

COM

Shares9.50K

TypeSH

Market value$5.44M

2.06%

Sole

9.50K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares18.88K

TypeSH

Market value$5.13M

1.95%

Sole

18.88K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares7.60K

TypeSH

Market value$5.02M

1.90%

Sole

7.60K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

CL B

Shares90.35K

TypeSH

Market value$4.59M

1.74%

Sole

90.35K

Shared

0.00

None

0.00

CUMMINS INC

SOLE

COM

Shares8.13K

TypeSH

Market value$4.15M

1.57%

Sole

8.13K

Shared

0.00

None

0.00

MERCADOLIBRE INC

SOLE

COM

Shares1.91K

TypeSH

Market value$3.85M

1.46%

Sole

1.91K

Shared

0.00

None

0.00

FEDEX CORP

SOLE

COM

Shares10.05K

TypeSH

Market value$2.90M

1.10%

Sole

10.05K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI CDA ETF

Shares51.51K

TypeSH

Market value$2.78M

1.05%

Sole

40.35K

Shared

0.00

None

11.16K

BANK AMERICA CORP

SOLE

COM

Shares49.90K

TypeSH

Market value$2.74M

1.04%

Sole

49.90K

Shared

0.00

None

0.00

MACYS INC

SOLE

COM

Shares115.01K

TypeSH

Market value$2.54M

0.96%

Sole

115.01K

Shared

0.00

None

0.00

ISHARES INC

SOLE

MSCI TAIWAN ETF

Shares38.83K

TypeSH

Market value$2.47M

0.94%

Sole

30.67K

Shared

0.00

None

8.16K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR S&P 500 ETF TRSOLE	TR UNIT	87.94K	SH	$59.97M 22.73%	87.51K	75.00	355.00
SPDR S&P MIDCAP 400 ETF TRSOLE	UTSER1 S&PDCRP	43.95K	SH	$26.51M 10.05%	43.60K	70.00	275.00
SPDR SERIES TRUSTSOLE	STATE STREET SPD	76K	SH	$18.33M 6.95%	70.62K	0.00	5.38K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	28.70K	SH	$14.43M 5.47%	28.64K	0.00	60.00
ISHARES TRSOLE	MSCI ACWI EX US	167.78K	SH	$11.26M 4.27%	131.22K	0.00	36.56K
ISHARES TRSOLE	ISHARES BIOTECH	64.23K	SH	$10.84M 4.11%	59.81K	0.00	4.42K
MICROSOFT CORPSOLE	COM	21.20K	SH	$10.25M 3.89%	21.16K	0.00	40.00
VANGUARD INDEX FDSSOLE	GROWTH ETF	18.20K	SH	$8.88M 3.37%	17.63K	100.00	470.00
ISHARES TRSOLE	U.S. MED DVC ETF	130.47K	SH	$8.11M 3.07%	121.78K	0.00	8.69K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	122.91K	SH	$7.39M 2.80%	114.47K	0.00	8.44K
ISHARES TRSOLE	CORE S&P SCP ETF	60.88K	SH	$7.32M 2.77%	56.85K	0.00	4.02K
UNITED RENTALS INCSOLE	COM	7.91K	SH	$6.40M 2.43%	7.91K	0.00	0.00
SELECT SECTOR SPDR TRSOLE	STATE STREET IND	39.61K	SH	$6.14M 2.33%	39.52K	0.00	90.00
ALPHABET INCSOLE	CAP STK CL C	19K	SH	$5.96M 2.26%	19K	0.00	0.00
CATERPILLAR INCSOLE	COM	9.50K	SH	$5.44M 2.06%	9.50K	0.00	0.00
APPLE INCSOLE	COM	18.88K	SH	$5.13M 1.95%	18.88K	0.00	0.00
META PLATFORMS INCSOLE	CL A	7.60K	SH	$5.02M 1.90%	7.60K	0.00	0.00
FREEPORT-MCMORAN INCSOLE	CL B	90.35K	SH	$4.59M 1.74%	90.35K	0.00	0.00
CUMMINS INCSOLE	COM	8.13K	SH	$4.15M 1.57%	8.13K	0.00	0.00
MERCADOLIBRE INCSOLE	COM	1.91K	SH	$3.85M 1.46%	1.91K	0.00	0.00
FEDEX CORPSOLE	COM	10.05K	SH	$2.90M 1.10%	10.05K	0.00	0.00
ISHARES INCSOLE	MSCI CDA ETF	51.51K	SH	$2.78M 1.05%	40.35K	0.00	11.16K
BANK AMERICA CORPSOLE	COM	49.90K	SH	$2.74M 1.04%	49.90K	0.00	0.00
MACYS INCSOLE	COM	115.01K	SH	$2.54M 0.96%	115.01K	0.00	0.00
ISHARES INCSOLE	MSCI TAIWAN ETF	38.83K	SH	$2.47M 0.94%	30.67K	0.00	8.16K

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