CUMBERLAND ADVISORS INC

SARASOTA, FL · CIK 1255435 · 13F filing filed 2026-07-21

SEC-registered investment adviser since 1998 · limited liability company

Assets managed$3.2bn
Staff36 · 18 in investment roles
Main clients (by assets)Individuals 31%, High net worth individuals 22%, Companies 4%
Websitegoogle.com
Form ADV · 2026-02-02SEC adviser record

Legal entityCumberland Advisors, LLC (US)

Others nearbySarasota, FL

$283.8m reported value +11.1% vs Q1 2026

49positions

65.2%in top 10

2 new 15 added 18 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	83,393	$62.3m21.94%	21.94%	Reduced -6.6k	-6,560 -7.3%
2	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	42,307	$29.8m10.48%	10.48%	Reduced -2.5k	-2,500 -5.6%
3	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	72,577	$20.6m7.26%	7.26%	Reduced -1.2k	-1,170 -1.6%
4	ISHARES TR MSCI ACWI EX US ACWX	ACWX	165,185	$12.6m4.43%	4.43%	Reduced -670	-670 -0.4%
5	ISHARES TR ISHARES BIOTECH IBB	IBB	64,018	$12.2m4.29%	4.29%	Added +260	+260 0.4%
6	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,716	$11.9m4.18%	4.18%	Added +235	+235 1.0%
7	CATERPILLAR INC COM CAT	CAT	8,640	$9.2m3.24%	3.24%	Reduced -860	-860 -9.1%
8	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	106,358	$9.2m3.23%	3.23%	Reduced -3.2k	-3,160 -2.9%
9	ISHARES TR CORE S&P SCP ETF IJR	IJR	60,420	$9.0m3.16%	3.16%	Reduced -300	-300 -0.5%
10	UNITED RENTALS INC COM URI	URI	7,610	$8.6m3.04%	3.04%	Reduced -300	-300 -3.8%
11	MICROSOFT CORP COM MSFT	MSFT	21,745	$8.1m2.86%	2.86%	Added +365	+365 1.7%
12	SPDR SER TR S&P INS ETF KIE	KIE	123,140	$7.5m2.65%	2.65%	Added +460	+460 0.4%
13	SELECT SECTOR SPDR TR INDL XLI	XLI	39,441	$7.3m2.57%	2.57%	Added +80	+80 0.2%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	18,600	$6.6m2.32%	2.32%	Reduced -300	-300 -1.6%
15	ISHARES TR U.S. MED DVC ETF IHI	IHI	131,470	$6.5m2.29%	2.29%	Added +1.2k	+1,240 0.9%
16	CUMMINS INC COM CMI	CMI	7,975	$5.7m2.00%	2.00%	Reduced -150	-150 -1.9%
17	APPLE INC COM AAPL	AAPL	18,880	$5.5m1.92%	1.92%	Unchanged
18	FREEPORT-MCMORAN INC CL B FCX	FCX	85,350	$5.4m1.89%	1.89%	Reduced -5.0k	-5,000 -5.5%
19	META PLATFORMS INC CL A META	META	7,600	$4.3m1.51%	1.51%	Unchanged
20	ISHARES INC MSCI TAIWAN ETF EWT	EWT	36,920	$4.0m1.41%	1.41%	Reduced -550	-550 -1.5%
21	MERCADOLIBRE INC COM MELI	MELI	2,180	$3.7m1.30%	1.30%	Added +267	+267 14.0%
22	FEDEX CORP COM FDX	FDX	10,050	$3.1m1.11%	1.11%	Unchanged
23	SPDR SERIES TRUST S&P METALS MNG XME	XME	28,065	$3.0m1.06%	1.06%	New
24	ISHARES INC MSCI CDA ETF EWC	EWC	50,070	$2.9m1.02%	1.02%	Reduced -230	-230 -0.5%
25	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	29,410	$2.7m0.97%	0.97%	Reduced -45	-45 -0.1%
26	MACYS INC COM M	M	115,010	$2.7m0.95%	0.95%	Unchanged
27	BANK AMERICA CORP COM BAC	BAC	44,400	$2.5m0.89%	0.89%	Reduced -5.5k	-5,500 -11.0%
28	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	31,980	$2.3m0.83%	0.83%	Added +4.4k	+4,425 16.1%
29	AMAZON COM INC COM AMZN	AMZN	9,530	$2.3m0.80%	0.80%	Unchanged
30	OCCIDENTAL PETE CORP COM OXY	OXY	39,000	$1.9m0.67%	0.67%	Unchanged
31	PFIZER INC COM PFE	PFE	71,300	$1.7m0.60%	0.60%	Added +18.0k	+18,000 33.8%
32	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	25,260	$1.2m0.41%	0.41%	Added +2.2k	+2,160 9.3%
33	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	14,780	$1.2m0.41%	0.41%	Added +1.8k	+1,765 13.6%
34	ISHARES TR MSCI INDIA ETF INDA	INDA	16,885	$834.0k0.29%	0.29%	Added +10	+10 0.1%
35	DISNEY WALT CO COM DIS	DIS	7,850	$755.6k0.27%	0.27%	Reduced -6.8k	-6,750 -46.2%
36	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	7,825	$751.0k0.26%	0.26%	Reduced -1.1k	-1,100 -12.3%
37	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,580	$564.6k0.20%	0.20%	Unchanged
38	PROSHARES TR PSHS ULSHT 7-10Y PST	PST	24,240	$551.7k0.19%	0.19%	Unchanged
39	WELLS FARGO CO NEW COM WFC	WFC	6,300	$520.6k0.18%	0.18%	Reduced -2.5k	-2,500 -28.4%
40	ISHARES TR NATIONAL MUN ETF MUB	MUB	3,240	$348.7k0.12%	0.12%	Added +120	+120 3.9%
41	ISHARES INC MSCI EMERG MRKT EEMV	EEMV	4,570	$344.0k0.12%	0.12%	Unchanged
42	JPMORGAN CHASE & CO COM JPM	JPM	1,000	$327.3k0.12%	0.12%	Unchanged
43	COCA COLA CO COM KO	KO	3,600	$292.6k0.10%	0.10%	Unchanged
44	TESLA INC COM TSLA	TSLA	660	$277.6k0.10%	0.10%	Unchanged
45	EXXON MOBIL CORP COM XOM	XOM	2,000	$273.4k0.10%	0.10%	Added +300	+300 17.6%
46	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	2,730	$241.7k0.09%	0.09%	Unchanged
47	CHEVRON CORP NEW COM CVX	CVX	1,440	$238.7k0.08%	0.08%	Added +250	+250 21.0%
48	VISA INC COM CL A V	V	640	$219.6k0.08%	0.08%	New
49	OPKO HEALTH INC COM OPK	OPK	19,500	$29.2k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
WALMART INC WMT	WMT	3,000	$372.8k3.0k shares