Cumberland Partners Ltd
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ROYAL BK CDA | RY | $79.9M | 386,426 | +0.75pp | 31q | +7.0%+$5.3M | |
| NVIDIA CORPORATION | NVDA | $70.8M | 353,693 | -0.12pp | 12q | HELD | |
| MICROSOFT CORP | MSFT | $66.0M | 176,987 | +0.07pp | 31q | +18.2%+$10.2M | |
| AMAZON COM INC | AMZN | $62.1M | 260,465 | -0.12pp | 13q | -0.6%-$392.3K | |
| ALPHABET INC | GOOG | $59.2M | 167,640 | +0.17pp | 31q | -0.5%-$324.7K | |
| WALMART INC | WMT | $50.6M | 446,379 | -0.68pp | 31q | +6.5%+$3.1M | |
| LINDE PLC | LIN | $47.7M | 92,008 | +0.28pp | 14q | +23.3%+$9.0M | |
| ELI LILLY & CO | LLY | $47.3M | 39,407 | +0.53pp | 19q | +8.8%+$3.8M | |
| APPLE INC | AAPL | $46.7M | 161,477 | -0.11pp | 31q | -0.7%-$322.3K | |
| BANK NOVA SCOTIA B C | BNS | $45.3M | 522,360 | +0.17pp | 31q | -0.8%-$343.8K | |
| COSTCO WHOLESALE CORPORATION | COST | $43.4M | 46,434 | -0.63pp | 31q | +2.0%+$843.8K | |
| EATON CORP PLC | ETN | $35.6M | 83,528 | -0.54pp | 31q | -20.4%-$9.1M | |
| UNION PAC CORP | UNP | $35.1M | 129,041 | +0.91pp | 2q | +75.0%+$15.0M | |
| AMETEK INC | AME | $34.6M | 142,839 | -0.10pp | 3q | HELD | |
| MCKESSON CORP | MCK | $33.2M | 43,950 | +1.86pp | 13q | +904.6%+$29.9M | |
| CANADIAN NAT RES LTD MED TER | CNQ | $32.9M | 832,392 | -0.17pp | 31q | +33.5%+$8.2M | |
| BROADCOM INC | AVGO | $31.6M | 83,644 | -0.40pp | 30q | -19.6%-$7.7M | |
| META PLATFORMS INC | META | $29.7M | 52,806 | -0.29pp | 15q | +3.5%+$993.6K | |
| ALPHABET INC | GOOGL | $28.9M | 80,921 | +0.32pp | 31q | +13.4%+$3.4M | |
| UNITEDHEALTH GROUP INC | UNH | $26.9M | 64,734 | +0.40pp | 4q | -0.8%-$209.1K | |
| GILDAN ACTIVEWEAR INC | GIL | $23.8M | 461,735 | +0.17pp | 8q | +42.0%+$7.0M | |
| VISA INC | V | $23.5M | 68,418 | -0.42pp | 31q | -19.3%-$5.6M | |
| ASTRAZENECA PLC | AZN | $23.1M | 121,834 | -0.69pp | 2q | -16.4%-$4.5M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $22.7M | 47,543 | +0.51pp | 31q | +27.0%+$4.8M | |
| NETFLIX INC | NFLX | $21.6M | 302,802 | -0.78pp | 10q | +1.6%+$337.6K | |
| DELL TECHNOLOGIES INC | DELL | $21.4M | 49,530 | +0.68pp | 4q | -11.8%-$2.8M | |
| TJX COS INC NEW | TJX | $19.8M | 130,887 | -0.11pp | 5q | +14.2%+$2.5M | |
| AMPHENOL CORP | APH | $19.5M | 110,784 | -1.08pp | 15q | -54.6%-$23.5M | |
| SPROTT FDS TR | URNM | $19.3M | 366,088 | +0.18pp | 3q | +64.8%+$7.6M | |
| ANALOG DEVICES INC | ADI | $16.8M | 42,227 | +1.05pp | 4q | +2962.1%+$16.2M | |
| CAMECO CORP | CCJ | $16.7M | 164,268 | +0.06pp | 22q | +32.1%+$4.1M | |
| OREILLY AUTOMOTIVE INC | ORLY | $16.0M | 173,884 | -0.20pp | 14q | -1.2%-$190.4K | |
| CISCO SYS INC | CSCO | $15.2M | 129,475 | +0.58pp | 4q | +86.6%+$7.1M | |
| PULTE GROUP INC | PHM | $14.8M | 107,923 | -0.95pp | 3q | -49.5%-$14.5M | |
| FERGUSON ENTERPRISES INC | FERG | $12.7M | 53,349 | +0.53pp | 4q | +224.9%+$8.8M | |
| HOWMET AEROSPACE INC | HWM | $12.5M | 46,440 | +0.42pp | 12q | +111.0%+$6.6M | |
| JPMORGAN CHASE & CO | JPM | $12.4M | 37,954 | -0.04pp | 4q | HELD | |
| TORONTO DOMINION BK ONT | TD | $11.9M | 97,731 | +0.10pp | 19q | +3.0%+$340.1K | |
| ABBVIE INC | ABBV | $11.7M | 46,647 | +0.34pp | 10q | +82.9%+$5.3M | |
| GE AEROSPACE | GE | $11.1M | 29,748 | +0.35pp | 5q | +72.5%+$4.7M | |
| NASDAQ INC | NDAQ | $9.7M | 122,725 | flat | 8q | +26.4%+$2.0M | |
| WILLIAMS SONOMA INC | WSM | $8.2M | 35,380 | +0.30pp | 4q | +108.4%+$4.3M | |
| MDA SPACE LTD | MDA | $8.1M | 195,695 | +0.17pp | 2q | +5.4%+$412.8K | |
| JOHNSON & JOHNSON | JNJ | $8.0M | 31,490 | -0.08pp | 10q | -1.8%-$144.8K | |
| PHILIP MORRIS INTL INC | PM | $7.6M | 41,960 | +0.10pp | 9q | +32.9%+$1.9M | |
| ENERGY TRANSFER L P | ET | $7.3M | 380,005 | -0.09pp | 10q | HELD | |
| APPLIED MATLS INC | AMAT | $7.0M | 9,641 | +0.20pp | 13q | -0.6%-$44.8K | |
| BANK MONTREAL MEDIUM | BMO | $6.8M | 38,479 | +0.08pp | 31q | +10.3%+$632.4K | |
| MICRON TECHNOLOGY INC | MU | $6.7M | 5,826 | +0.26pp | 2q | -15.6%-$1.2M | |
| PARKER-HANNIFIN CORP | PH | $6.7M | 6,804 | -0.06pp | 14q | -6.4%-$456.8K | |
| ALAMOS GOLD INC | AGI | $6.2M | 206,200 | -0.28pp | 15q | +0.9%+$57.6K | |
| SPDR GOLD TR | GLD | $6.0M | 16,304 | -0.15pp | 28q | -0.6%-$37.2K | |
| BLACKROCK INC | BLK | $5.8M | 6,015 | +0.13pp | 7q | +77.2%+$2.5M | |
| EXPEDIA GROUP INC | EXPE | $5.8M | 22,550 | +0.09pp | 6q | +39.4%+$1.6M | |
| HUDBAY MINERALS INC | HBM | $5.5M | 232,800 | -0.01pp | 20q | HELD | |
| PEMBINA PIPELINE CORP | PBA | $5.4M | 117,655 | -0.02pp | 19q | +5.7%+$292.9K | |
| LAM RESEARCH CORP | LRCX | $5.4M | 12,500 | +0.15pp | 2q | HELD | |
| CANADIAN PACIFIC KANSAS CITY | CP | $5.4M | 61,876 | +0.01pp | 13q | +9.4%+$459.0K | |
| NUTRIEN LTD | NTR | $5.3M | 84,810 | +0.04pp | 4q | +60.0%+$2.0M | |
| CANADIAN NATL RY CO | CNI | $4.6M | 38,450 | +0.04pp | 3q | +16.7%+$656.1K | |
| COCA-COLA EUROPACIFIC PARTNE | CCEP | $4.5M | 45,090 | -0.03pp | 5q | -4.2%-$200.1K | |
| PFIZER INC | PFE | $4.5M | 187,055 | -0.12pp | 7q | -2.5%-$115.6K | |
| FIRST TR EXCHANGE TRADED FD | GRID | $4.3M | 22,596 | flat | 2q | HELD | |
| VERTEX PHARMACEUTICALS INC | VRTX | $4.2M | 8,368 | -0.05pp | 10q | -10.8%-$500.7K | |
| COMFORT SYS USA INC | FIX | $4.0M | 2,000 | +0.05pp | 2q | HELD | |
| DISNEY WALT CO | DIS | $3.8M | 39,413 | +0.11pp | 5q | +113.3%+$2.0M | |
| SPROTT INC | SII | $3.6M | 32,400 | -0.15pp | 4q | -10.5%-$428.0K | |
| DEERE & CO | DE | $3.6M | 5,602 | -0.01pp | 5q | +0.9%+$32.4K | |
| FIRSTSERVICE CORP NEW | FSV | $3.5M | 24,300 | -0.03pp | 29q | -0.7%-$25.6K | |
| SIMPLIFY EXCHANGE TRADED FUN | CTA | $3.2M | 125,198 | -0.08pp | 6q | HELD | |
| REPUBLIC SVCS INC | RSG | $3.2M | 14,800 | -0.02pp | 15q | +8.4%+$245.0K | |
| ROYALTY PHARMA PLC | RPRX | $3.1M | 55,900 | +0.02pp | 3q | +11.8%+$330.8K | |
| KENVUE INC | KVUE | $3.0M | 159,280 | -0.01pp | 3q | -1.3%-$39.9K | |
| BANK OF AMER CORP | BAC | $3.0M | 52,675 | -0.01pp | 31q | -5.1%-$162.4K | |
| ISHARES TR | EFA | $3.0M | 28,476 | -0.02pp | 5q | HELD | |
| BOYD GROUP SERVICES INC | BGSI | $2.9M | 31,000 | -0.11pp | 3q | HELD | |
| APPLOVIN CORP | APP | $2.8M | 5,500 | +0.02pp | 10q | HELD | |
| MONSTER BEVERAGE CORP NEW | MNST | $2.7M | 28,382 | +0.04pp | 5q | +14.5%+$346.0K | |
| EMCOR GROUP INC | EME | $2.7M | 3,263 | -0.01pp | 5q | HELD | |
| VISTRA CORP | VST | $2.7M | 17,015 | +0.06pp | 5q | +70.2%+$1.1M | |
| TAPESTRY INC | TPR | $2.5M | 17,000 | -0.02pp | 2q | HELD | |
| PRICESMART INC | PSMT | $2.4M | 12,310 | - | new | NEW | |
| CHUBB LIMITED | CB | $2.4M | 7,000 | +0.03pp | 2q | +40.0%+$681.5K | |
| CASEYS GEN STORES INC | CASY | $2.4M | 3,000 | - | new | NEW | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $2.4M | 52,825 | +0.06pp | 6q | +93.4%+$1.1M | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $2.3M | 26,880 | - | new | NEW | |
| KLA CORP | KLAC | $2.3M | 7,500 | +0.02pp | 5q | +581.8%+$1.9M | |
| S&P GLOBAL INC | SPGI | $2.3M | 5,550 | -0.01pp | 31q | +12.3%+$248.0K | |
| RAYMOND JAMES FINL INC | RJF | $2.3M | 14,800 | -0.14pp | 11q | -42.6%-$1.7M | |
| DESCARTES SYS GROUP INC | DSGX | $2.2M | 31,400 | -0.03pp | 31q | HELD | |
| MSCI INC | MSCI | $2.1M | 3,800 | +0.02pp | 8q | +26.7%+$448.0K | |
| WEATHERFORD INTL PLC | WFRD | $2.1M | 26,100 | - | new | NEW | |
| TE CONNECTIVITY PLC | TEL | $2.0M | 9,945 | -0.03pp | 3q | -4.1%-$86.7K | |
| ISHARES TR | IGIB | $2.0M | 37,673 | -0.01pp | 8q | +7.8%+$144.6K | |
| CURTISS WRIGHT CORP | CW | $2.0M | 2,600 | - | new | NEW | |
| WOODWARD INC | WWD | $2.0M | 4,600 | - | new | NEW | |
| FABRINET | FN | $2.0M | 3,470 | - | new | NEW | |
| ROSS STORES INC | ROST | $1.9M | 8,700 | - | new | NEW | |
| RESMED INC | RMD | $1.9M | 9,500 | -0.04pp | 8q | HELD | |
| AMER SPORTS INC | AS | $1.8M | 54,335 | - | new | NEW | |
| VEEVA SYS INC | VEEV | $1.8M | 9,900 | +0.03pp | 7q | +65.0%+$692.1K | |
| EMERSON ELEC CO | EMR | $1.7M | 11,850 | flat | 22q | +12.3%+$186.1K | |
| ARIS MINING CORPORATION | ARIS | $1.6M | 109,500 | +0.03pp | 2q | +100.5%+$818.4K | |
| SALESFORCE INC | CRM | $1.6M | 10,000 | -0.04pp | 14q | HELD | |
| LEIDOS HOLDINGS INC | LDOS | $1.5M | 15,000 | -0.08pp | 5q | HELD | |
| LINCOLN ELEC HLDGS INC | LECO | $1.5M | 5,700 | flat | 12q | +15.2%+$199.1K | |
| ISHARES TR | IGSB | $1.5M | 28,627 | -0.01pp | 9q | +6.1%+$86.5K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.5M | 5,180 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VCSH | $1.4M | 17,600 | -0.05pp | 27q | -26.7%-$505.8K | |
| CANADIAN IMPERIAL BANK OF CO | CM | $1.4M | 11,940 | -0.01pp | 31q | -11.8%-$184.1K | |
| ISHARES TR | TLH | $1.3M | 13,180 | -0.01pp | 8q | +10.3%+$123.9K | |
| SHARKNINJA INC | SN | $1.3M | 8,640 | - | new | NEW | |
| UBIQUITI INC | UI | $1.3M | 2,420 | - | new | NEW | |
| ISHARES TR | JXI | $1.3M | 14,838 | -0.01pp | 2q | +1.5%+$19.1K | |
| ISHARES TR | USIG | $1.2M | 23,957 | -0.01pp | 8q | +6.9%+$79.5K | |
| EOG RES INC | EOG | $1.2M | 9,438 | -0.03pp | 6q | -1.0%-$12.3K | |
| ENBRIDGE INC | ENB | $1.2M | 22,115 | -0.02pp | 27q | -7.5%-$96.7K | |
| HCA HEALTHCARE INC | HCA | $1.2M | 3,000 | -0.03pp | 5q | HELD | |
| SCHWAB CHARLES CORP | SCHW | $1.1M | 12,332 | -0.01pp | 2q | HELD | |
| TRADEWEB MKTS INC | TW | $1.1M | 11,000 | -0.03pp | 9q | HELD | |
| SCHWAB STRATEGIC TR | SCHO | $1.1M | 44,523 | -0.02pp | 8q | -3.3%-$36.8K | |
| CENOVUS ENERGY INC | CVE | $1.1M | 42,716 | - | new | NEW | |
| FORTIS INC | FTS | $1.0M | 18,200 | -0.01pp | 23q | HELD | |
| REDDIT INC | RDDT | $1.0M | 6,000 | +0.01pp | 2q | HELD | |
| CLOROX CO DEL | CLX | $1.0M | 10,750 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $1.0M | 1,463 | flat | 10q | HELD | |
| RESTAURANT BRANDS INTL INC | QSR | $993.4K | 13,700 | +0.03pp | 2q | +153.7%+$601.8K | |
| MANULIFE FINL CORP | MFC | $934.7K | 23,062 | +0.01pp | 3q | +15.5%+$125.6K | |
| SPDR SERIES TRUST | SPHY | $874.1K | 37,291 | flat | 5q | +7.8%+$63.2K | |
| TFI INTERNATIONAL INC | TFII | $836.8K | 5,825 | -0.03pp | 2q | -40.0%-$558.1K | |
| STANTEC INC | STN | $822.6K | 11,950 | -0.03pp | 9q | -0.6%-$4.8K | |
| FRANKLIN TEMPLETON ETF TR | FLSP | $736.2K | 26,588 | -0.01pp | 2q | -2.3%-$17.3K | |
| CELESTICA INC | CLS | $729.1K | 2,000 | -0.02pp | 9q | -32.4%-$350.0K | |
| KINROSS GOLD CORP | KGC | $726.6K | 30,700 | +0.01pp | 4q | +93.1%+$350.3K | |
| OPEN TEXT CORP | OTEX | $701.4K | 31,700 | +0.01pp | 4q | +66.8%+$281.0K | |
| LAS VEGAS SANDS CORP | LVS | $692.9K | 15,000 | -0.02pp | 2q | HELD | |
| IAMGOLD CORP | IAG | $658.4K | 41,500 | -0.01pp | 3q | +23.9%+$126.9K | |
| SUN LIFE FINANCIAL INC. | SLF | $521.7K | 6,658 | flat | 31q | HELD | |
| SSGA ACTIVE ETF TR | SRLN | $400.2K | 9,934 | flat | 6q | +12.0%+$42.9K | |
| SIMPLIFY EXCHANGE TRADED FUN | TUA | $392.8K | 19,232 | -0.01pp | 11q | HELD | |
| TIDAL TRUST II | BTGD | $384.6K | 19,919 | -0.02pp | 4q | +3.0%+$11.2K | |
| MASTERCARD INCORPORATED | MA | $377.5K | 735 | -1.77pp | 31q | -98.5%-$24.0M | |
| ONEOK INC NEW | OKE | $361.7K | 4,160 | -0.09pp | 3q | -75.2%-$1.1M | |
| ETFIS SER TR I | PFFA | $360.9K | 17,547 | flat | 5q | +8.5%+$28.2K | |
| ROCKWELL AUTOMATION INC | ROK | $357.0K | 721 | flat | 5q | +2.9%+$9.9K | |
| VANGUARD BD INDEX FDS | BND | $350.5K | 4,775 | -0.07pp | 21q | -71.4%-$873.6K | |
| ISHARES TR | PFF | $298.8K | 9,800 | flat | 5q | +10.4%+$28.2K | |
| SPDR SERIES TRUST | SJNK | $284.5K | 11,368 | flat | 8q | +15.1%+$37.4K | |
| PROGRESSIVE CORP | PGR | $241.2K | 1,104 | flat | 9q | +2.5%+$5.9K | |
| SUNCOR ENERGY INC NEW | SU | $237.7K | 4,427 | -0.01pp | 3q | -3.9%-$9.7K | |
| IMPERIAL OIL LTD | IMO | $220.8K | 1,970 | - | new | NEW | |
| NORFOLK SOUTHN CORP | NSC | $203.9K | 648 | - | new | NEW | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $200.2K | 400 | flat | 3q | -11.1%-$25.0K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Retail & Consumer | $235.9M | 15.3% |
| Software & IT Services | $195.5M | 12.7% |
| Semiconductors & Electronics | $195.1M | 12.6% |
| Banks & Lending | $164.3M | 10.6% |
| Biotech & Pharma | $101.9M | 6.6% |
| Computer Hardware | $84.8M | 5.5% |
| Chemicals | $57.2M | 3.7% |
| Industrials | $56.8M | 3.7% |
| Transport & Logistics | $53.0M | 3.4% |
| Energy | $48.7M | 3.2% |
| Wholesale & Distribution | $47.9M | 3.1% |
| Mining & Metals | $44.0M | 2.8% |
| Other sectors | $214.9M | 13.9% |
| Not classified | $44.7M | 2.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.5B | 153 | 16 | 69 | 41 | 20 | 37.3% | 37 |
| Q1 2026 | $1.3B | 157 | 23 | 40 | 81 | 38 | 37.3% | 44 |
| Q4 2025 | $1.6B | 172 | 24 | 70 | 61 | 14 | 38.9% | 37 |
| Q3 2025 | $1.5B | 162 | 24 | 65 | 49 | 31 | 39.4% | 38 |
| Q2 2025 | $1.4B | 169 | 35 | 47 | 60 | 34 | 40.1% | 43 |
| Q1 2025 | $1.3B | 168 | 32 | 50 | 65 | 28 | 37.8% | 39 |
| Q4 2024 | $1.4B | 164 | 21 | 61 | 49 | 35 | 38.7% | 34 |
| Q3 2024 | $1.4B | 178 | 30 | 68 | 53 | 21 | 36.6% | 36 |
| Q2 2024 | $1.4B | 169 | 26 | 68 | 58 | 44 | 36.0% | 44 |
| Q1 2024 | $1.4B | 187 | 42 | 58 | 71 | 33 | 34.0% | 39 |
| Q4 2023 | $1.1B | 178 | 25 | 54 | 56 | 18 | 34.6% | 32 |
| Q3 2023 | $1.0B | 171 | 36 | 48 | 64 | 23 | 35.6% | 39 |
| Q2 2023 | $1.1B | 158 | 24 | 56 | 58 | 26 | 35.2% | 40 |
| Q1 2023 | $1.0B | 160 | 35 | 51 | 61 | 41 | 35.8% | 38 |
| Q4 2022 | $948.9M | 166 | 42 | 41 | 65 | 22 | 35.9% | 37 |
| Q3 2022 | $941.7M | 146 | 16 | 48 | 49 | 30 | 36.4% | 45 |
| Q2 2022 | $1.0B | 160 | 15 | 63 | 61 | 30 | 35.8% | 41 |
| Q1 2022 | $1.3B | 175 | 29 | 54 | 75 | 27 | 35.3% | 40 |
| Q4 2021 | $1.4B | 173 | 21 | 79 | 51 | 34 | 33.1% | 41 |
| Q3 2021 | $1.2B | 186 | 31 | 60 | 66 | 23 | 32.9% | 41 |
| Q2 2021 | $1.3B | 178 | 20 | 55 | 84 | 18 | 31.1% | 40 |
| Q1 2021 | $1.2B | 176 | 34 | 75 | 54 | 23 | 30.2% | 41 |
| Q4 2020 | $1.1B | 165 | 30 | 66 | 58 | 15 | 30.7% | 42 |
| Q3 2020 | $956.3M | 150 | 13 | 40 | 78 | 18 | 32.6% | 34 |
| Q2 2020 | $963.8M | 155 | 14 | 70 | 62 | 24 | 31.5% | 35 |
| Q1 2020 | $831.5M | 165 | 20 | 53 | 79 | 20 | 32.1% | 43 |
| Q4 2019 | $1.1B | 165 | 25 | 72 | 53 | 21 | 31.3% | 38 |
| Q3 2019 | $1.0B | 161 | 11 | 64 | 68 | 24 | 32.8% | 44 |
| Q2 2019 | $1.0B | 174 | 25 | 56 | 79 | 12 | 34.6% | 39 |
| Q1 2019 | $994.2M | 161 | 19 | 64 | 61 | 23 | 34.4% | 45 |
| Q4 2018 | $885.3M | 165 | 0 | 0 | 0 | 0 | 35.0% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.