CUMBERLAND ADVISORS INC
Long book
$255.5M
Q1 2026
Positions
48
Top-10 weight
66%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsCUMBERLAND ADVISORS INC is a wealth-management firm allocating client money, running a $255.5M US long book across 48 positions.
The portfolio is concentrated: the top 10 names carry 66% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, STATE STREET SPDR S&P MIDCAP, SS SPDR S&P AEROSPACE DEF, ISHARES MSCI ACWI EX US ETF, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.1%
Q2 2024
+6.6%
Q3 2024
-0.3%
Q4 2024
-2.8%
Q1 2025
+10.7%
Q2 2025
+8.0%
Q3 2025
+3.4%
Q4 2025
-2.3%
Q1 2026
+13.8%
Sector allocation
Technology 30%
Industrials 19%
Financials 19%
Services media 13%
Materials 7%
Consumer discretionary 6%
Energy 4%
Healthcare 2%
Long book by quarter
What does CUMBERLAND ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.5K | $11.3M | 4.4% | -18.2% |
| MSFT MICROSOFT CORP | Technology | 21.4K | $7.9M | 3.1% | +0.8% |
| CAT CATERPILLAR INC | Industrials | 9.5K | $6.7M | 2.6% | Held |
| URI UNITED RENTALS INC | Services media | 7.9K | $5.8M | 2.3% | Held |
| GOOG ALPHABET INC-CL C | Technology | 18.9K | $5.4M | 2.1% | -0.5% |
| FCX FREEPORT-MCMORAN INC | Materials | 90.3K | $5.3M | 2.1% | Held |
| AAPL APPLE INC | Technology | 18.9K | $4.8M | 1.9% | Held |
| CMI CUMMINS INC | Industrials | 8.1K | $4.4M | 1.7% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 7.6K | $4.3M | 1.7% | Held |
| FDX FEDEX CORP | Industrials | 10.1K | $3.6M | 1.4% | Held |
| MELI MERCADOLIBRE INC | Services media | 1.9K | $3.3M | 1.3% | Held |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 39.0K | $2.5M | 1.0% | Held |
| BAC BANK OF AMERICA CORP | Financials | 49.9K | $2.4M | 1.0% | Held |
| M MACY'S INC | Consumer discretionary | 115.0K | $2.1M | 0.8% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.5K | $2.0M | 0.8% | Held |
| PFE PFIZER INC | Healthcare | 53.3K | $1.5M | 0.6% | +9.2% |
| DIS WALT DISNEY CO/THE | Services media | 14.6K | $1.4M | 0.6% | -6.4% |
| WFC WELLS FARGO & CO | Financials | 8.8K | $701K | 0.3% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.6K | $454K | 0.2% | Held |
| WMT WALMART INC | Consumer discretionary | 3.0K | $373K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.0K | $294K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.7K | $288K | 0.1% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 3.6K | $274K | 0.1% | -1.7% |
| CVX CHEVRON CORP | Energy | 1.2K | $246K | 0.1% | New |
| TSLA TESLA INC | Industrials | 660 | $245K | 0.1% | Held |
| OPK OPKO HEALTH INC | Healthcare | 19.5K | $22K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 48 | $255.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 49 | $263.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 48 | $260.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 49 | $237.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 49 | $220.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 8, 2025 | 49 | $250.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 48 | $251.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 10, 2024 | 53 | $244.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 56 | $268.9M | canonical | SEC ↗ |