# CUMBERLAND ADVISORS INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1255435. Source: https://holderbook.com/funds/1255435-cumberland-advisors-inc/

- Reported value: $283.8M
- Positions: 49
- Weight of the ten largest: 65.2%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $62.3M | 83,393 | 21.9% | 30 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $29.8M | 42,307 | 10.5% | 30 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $20.6M | 72,577 | 7.3% | 30 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $12.6M | 165,185 | 4.4% | 26 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $12.2M | 64,018 | 4.3% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.9M | 23,716 | 4.2% | 29 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $9.2M | 8,640 | 3.2% | 30 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.2M | 106,358 | 3.2% | 10 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $9.0M | 60,420 | 3.2% | 14 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $8.6M | 7,610 | 3.0% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.1M | 21,745 | 2.9% | 11 |
| SPDR SERIES TRUST | [KIE](https://holderbook.com/stocks/KIE/) | $7.5M | 123,140 | 2.6% | 5 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $7.3M | 39,441 | 2.6% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.6M | 18,600 | 2.3% | 30 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $6.5M | 131,470 | 2.3% | 10 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $5.7M | 7,975 | 2.0% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5M | 18,880 | 1.9% | 30 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $5.4M | 85,350 | 1.9% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.3M | 7,600 | 1.5% | 30 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $4.0M | 36,920 | 1.4% | 30 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $3.7M | 2,180 | 1.3% | 30 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.1M | 10,050 | 1.1% | 28 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $3.0M | 28,065 | 1.1% | 1 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $2.9M | 50,070 | 1.0% | 30 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $2.7M | 29,410 | 1.0% | 30 |
| MACYS INC | [M](https://holderbook.com/stocks/M/) | $2.7M | 115,010 | 1.0% | 30 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.5M | 44,400 | 0.9% | 30 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.3M | 31,980 | 0.8% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 9,530 | 0.8% | 25 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $1.9M | 39,000 | 0.7% | 11 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.7M | 71,300 | 0.6% | 6 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $1.2M | 25,260 | 0.4% | 10 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.2M | 14,780 | 0.4% | 23 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $834.0K | 16,885 | 0.3% | 15 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $755.6K | 7,850 | 0.3% | 14 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $751.0K | 7,825 | 0.3% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $564.6K | 1,580 | 0.2% | 12 |
| PROSHARES TR | [PST](https://holderbook.com/stocks/PST/) | $551.7K | 24,240 | 0.2% | 30 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $520.6K | 6,300 | 0.2% | 24 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $348.7K | 3,240 | 0.1% | 17 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $344.0K | 4,570 | 0.1% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $327.3K | 1,000 | 0.1% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $292.6K | 3,600 | 0.1% | 14 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $277.6K | 660 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $273.4K | 2,000 | 0.1% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $241.7K | 2,730 | 0.1% | 30 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $238.7K | 1,440 | 0.1% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $219.6K | 640 | 0.1% | 1 |
| OPKO HEALTH INC | [OPK](https://holderbook.com/stocks/OPK/) | $29.2K | 19,500 | 0.0% | 30 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.3% | +14.8% | -1.5% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.2% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.6% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 100% |
| Q2 2025 | +10.3% | +10.5% | -0.1% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.5% | 100% |
| Q4 2024 | -0.8% | +2.1% | -2.9% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $283.8M | 49 |
| Q1 2026 | $255.5M | 48 |
| Q4 2025 | $263.8M | 49 |
| Q3 2025 | $260.5M | 48 |
| Q2 2025 | $237.7M | 49 |
| Q1 2025 | $220.6M | 49 |
| Q4 2024 | $250.6M | 49 |
| Q3 2024 | $251.7M | 48 |
| Q2 2024 | $244.2M | 53 |
| Q1 2024 | $268.9M | 56 |
| Q4 2023 | $233.0M | 53 |
| Q3 2023 | $225.6M | 56 |