Cumberland Partners Ltd
Long book
$1.32B
Q1 2026
Positions
157
Top-10 weight
37%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsCumberland Partners Ltd is a diversified fundamental manager, running a $1.32B US long book across 157 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, ROYAL BANK OF CANADA, MICROSOFT CORP, AMAZON.COM INC, WALMART INC.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+5.9%
Q3 2024
+0.6%
Q4 2024
-4.2%
Q1 2025
+12.5%
Q2 2025
+4.8%
Q3 2025
+2.2%
Q4 2025
-4.5%
Q1 2026
+11.7%
Sector allocation
Technology 31%
Consumer discretionary 16%
Financials 14%
Industrials 11%
Services media 8%
Healthcare 8%
Materials 5%
Energy 3%
Long book by quarter
What does Cumberland Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 355.5K | $62.0M | 4.7% | -12.3% |
| RY ROYAL BANK OF CANADA | Financials | 361.0K | $58.2M | 4.4% | -7.7% |
| MSFT MICROSOFT CORP | Technology | 149.8K | $55.4M | 4.2% | -21.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 262.1K | $54.6M | 4.1% | -4.7% |
| WMT WALMART INC | Consumer discretionary | 419.1K | $52.1M | 4.0% | -30.1% |
| GOOG ALPHABET INC-CL C | Technology | 168.6K | $48.4M | 3.7% | -1.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 45.5K | $45.4M | 3.4% | +7.4% |
| AAPL APPLE INC | Technology | 162.6K | $41.3M | 3.1% | -18.7% |
| ETN EATON CORP PLC | Industrials | 104.9K | $37.5M | 2.8% | -8.9% |
| LIN LINDE PLC | Materials | 74.6K | $37.0M | 2.8% | +3.2% |
| BNS BANK OF NOVA SCOTIA | Financials | 526.3K | $36.4M | 2.8% | -4.8% |
| LLY ELI LILLY & CO | Healthcare | 36.2K | $33.3M | 2.5% | +6.2% |
| AVGO BROADCOM INC | Technology | 104.1K | $32.2M | 2.4% | -13.2% |
| APH AMPHENOL CORP-CL A | Technology | 244.1K | $30.8M | 2.3% | +60.5% |
| AME AMETEK INC | Technology | 143.5K | $30.8M | 2.3% | +522.4% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 623.7K | $30.4M | 2.3% | +139.6% |
| META META PLATFORMS INC-CLASS A | Technology | 51.0K | $29.2M | 2.2% | -47.1% |
| AZN ASTRAZENECA PLC | Healthcare | 145.7K | $28.7M | 2.2% | New |
| NFLX NETFLIX INC | Services media | 298.1K | $28.7M | 2.2% | +142.0% |
| V VISA INC-CLASS A SHARES | Services media | 84.7K | $25.6M | 1.9% | -40.3% |
| PHM PULTEGROUP INC | Industrials | 213.6K | $25.1M | 1.9% | +72.8% |
| MA MASTERCARD INC - A | Services media | 47.4K | $23.7M | 1.8% | -15.9% |
| GOOGL ALPHABET INC-CL A | Technology | 71.3K | $20.5M | 1.6% | -37.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 114.6K | $18.3M | 1.4% | +117.1% |
| GIL GILDAN ACTIVEWEAR INC | Other | 325.2K | $18.1M | 1.4% | +1307.7% |
| UNP UNION PACIFIC CORP | Industrials | 73.8K | $17.9M | 1.4% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 65.2K | $17.7M | 1.3% | 0.0% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 176.0K | $16.2M | 1.2% | -1.0% |
| CCJ CAMECO CORP | Materials | 124.4K | $13.5M | 1.0% | -20.9% |
| JPM JPMORGAN CHASE & CO | Financials | 38.0K | $11.2M | 0.8% | +29.0% |
| DELL DELL TECHNOLOGIES -C | Technology | 56.1K | $9.2M | 0.7% | -3.2% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 204.3K | $9.1M | 0.7% | -15.7% |
| TD TORONTO-DOMINION BANK | Financials | 94.9K | $8.8M | 0.7% | -13.1% |
| NDAQ NASDAQ INC | Financials | 97.1K | $8.2M | 0.6% | -0.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 32.1K | $7.8M | 0.6% | -46.0% |
| ET ENERGY TRANSFER LP | Utilities | 380.0K | $7.3M | 0.6% | Held |
| PH PARKER HANNIFIN CORP | Industrials | 7.3K | $6.5M | 0.5% | -31.1% |
| ABBV ABBVIE INC | Healthcare | 25.5K | $5.5M | 0.4% | -36.3% |
| PFE PFIZER INC | Healthcare | 191.9K | $5.4M | 0.4% | +46.9% |
| CSCO CISCO SYSTEMS INC | Technology | 69.4K | $5.4M | 0.4% | -43.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 31.6K | $5.2M | 0.4% | -22.3% |
| SII SPROTT INC | Financials | 36.2K | $5.1M | 0.4% | +12.1% |
| HWM HOWMET AEROSPACE INC | Industrials | 22.0K | $5.1M | 0.4% | -48.4% |
| PBA PEMBINA PIPELINE CORP | Energy | 111.3K | $5.0M | 0.4% | -22.1% |
| GE GENERAL ELECTRIC | Industrials | 17.3K | $4.9M | 0.4% | -36.3% |
| HBM HUDBAY MINERALS INC | Materials | 232.8K | $4.9M | 0.4% | Held |
| BMO BANK OF MONTREAL | Financials | 34.9K | $4.7M | 0.4% | -14.9% |
| MDA MDA SPACE LTD | Industrials | 185.7K | $4.7M | 0.4% | New |
| HD HOME DEPOT INC | Consumer discretionary | 14.2K | $4.7M | 0.4% | -76.4% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 56.6K | $4.4M | 0.3% | -76.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 242 | $1.32B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 273 | $1.63B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 259 | $1.53B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 268 | $1.44B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 262 | $1.30B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 259 | $1.43B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 268 | $1.44B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 260 | $1.38B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 293 | $1.38B | canonical | SEC ↗ |
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