Cumberland Advisors Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Cumberland Advisors Inc. reported 48 stock positions worth $260.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.2% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 10.1%) and SS SPDR S&P Aerospace Def (XAR, 7.2%). Compared with Q2 2025, it sold out of 1, added to 17 and reduced 17. The biggest buy was SS SPDR S&P Insurance ETF (KIE, shares +89%) and the biggest sale State Street SPDR S&P Midcap (MDY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SARASOTA, FL
- CIK
- 0001255435
- Portfolio Value
- $260.5M (Q3 2025)
- SEC Filing
- 0001420506-25-003075 ↗ filed Nov 12, 2025
Holdings Value
Holdings 48 stocks · $260.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 23.24% | 90,893 | $60.6M | Add +2.9% |
| MDY State Street SPDR S&P Midcap | 10.14% | 44,302 | $26.4M | Reduce -0.9% |
| XAR SS SPDR S&P Aerospace Def | 7.15% | 79,297 | $18.6M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.42% | 28,069 | $14.1M | Add +1.8% |
| ACWX iShares MSCI Acwi Ex US ETF | 4.26% | 170,695 | $11.1M | Add +0.7% |
| MSFT Microsoft Corp. | 3.97% | 19,945 | $10.3M | Add +0.1% |
| IBB iShares Biotechnology ETF | 3.62% | 65,398 | $9.4M | Reduce -0.8% |
| IHI iShares U.S. Medical Devices | 3.02% | 130,950 | $7.9M | Reduce -0.0% |
| URI United Rentals Inc. | 2.97% | 8,110 | $7.7M | Reduce -0.5% |
| KIE SS SPDR S&P Insurance ETF | 2.82% | 123,690 | $7.3M | Add +89.3% |
| IJR iShares Core S&P Small-Cap E | 2.80% | 61,315 | $7.3M | Reduce -0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.73% | 14,818 | $7.1M | Reduce -5.4% |
| XLI SS Industrial Select Sector | 2.29% | 38,731 | $6.0M | Add +1.4% |
| META Meta Platforms Inc. Class A | 2.17% | 7,700 | $5.7M | No change |
| GOOG Alphabet Inc. Class C | 1.88% | 20,150 | $4.9M | No change |
| AAPL Apple Inc. | 1.88% | 19,205 | $4.9M | Reduce -0.1% |
| CAT Caterpillar Inc. | 1.75% | 9,550 | $4.6M | No change |
| MELI MercadoLibre Inc. | 1.73% | 1,930 | $4.5M | No change |
| FCX Freeport-McMoran Inc. | 1.38% | 91,350 | $3.6M | No change |
| CMI Cummins Inc. | 1.34% | 8,250 | $3.5M | No change |
| EWC iShares MSCI Canada ETF | 1.04% | 53,560 | $2.7M | Reduce -0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.01% | 51,200 | $2.6M | No change |
| EWT iShares MSCI Taiwan ETF | 0.97% | 39,915 | $2.5M | Add +0.1% |
| EWJ iShares MSCI Japan ETF | 0.95% | 30,745 | $2.5M | Reduce -0.1% |
| FDX FedEx Corp. | 0.92% | 10,175 | $2.4M | No change |
| AMZN Amazon.com Inc. | 0.83% | 9,880 | $2.2M | Add +2.1% |
| M Macy's Inc. | 0.80% | 115,510 | $2.1M | No change |
| INDA iShares MSCI India ETF | 0.76% | 38,085 | $2.0M | Add +0.8% |
| OXY Occidental Petroleum Corp. | 0.72% | 39,500 | $1.9M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 15,850 | $1.8M | No change |
| PFE Pfizer Inc. | 0.63% | 64,800 | $1.7M | Reduce -5.8% |
| BABA Alibaba Group Holding-SP ADR | 0.63% | 9,125 | $1.6M | Reduce -1.1% |
| BND Vanguard Total Bond Market | 0.60% | 20,985 | $1.6M | Add +4.5% |
| MAT Mattel Inc. | 0.51% | 79,000 | $1.3M | Reduce -1.3% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.41% | 23,460 | $1.1M | Add +8.5% |
| BSV Vanguard Short-Term Bond ETF | 0.30% | 10,070 | $795K | Add +4.3% |
| WFC Wells Fargo & Co. | 0.28% | 8,800 | $738K | Reduce -18.5% |
| GOOGL Alphabet Inc. Class A | 0.23% | 2,480 | $603K | Add +57.0% |
| PST Proshares Ultrashort 7-10 YR | 0.21% | 24,240 | $537K | Reduce -26.6% |
| TSLA Tesla Inc. | 0.19% | 1,110 | $494K | Add +68.2% |
| MUB iShares National Muni Bond E | 0.13% | 3,095 | $330K | Add +7.1% |
| JPM JPMorgan Chase & Co. | 0.12% | 1,000 | $315K | No change |
| WMT Walmart Inc. | 0.12% | 3,000 | $309K | Reduce -2.3% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.12% | 4,770 | $304K | Add +11.7% |
| KO The Coca-Cola Co. | 0.09% | 3,661 | $243K | No change |
| VGK Vanguard Ftse Europe ETF | 0.09% | 2,900 | $231K | Add +0.7% |
| V Visa Inc. Class A | 0.08% | 640 | $218K | No change |
| OPK Opko Health Inc. | 0.01% | 19,500 | $30K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MDY State Street SPDR S&P Midcap | Reduce -0.9% | 10.14% | −0.52 |
| IHI iShares U.S. Medical Devices | Reduce -0.0% | 3.02% | −0.43 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -5.4% | 2.73% | −0.16 |
| MAT Mattel Inc. | Reduce -1.3% | 0.51% | −0.15 |
| PST Proshares Ultrashort 7-10 YR | Reduce -26.6% | 0.21% | −0.11 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -18.5% | 0.28% | −0.08 |
| PFE Pfizer Inc. | Reduce -5.8% | 0.63% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 2.80% | −0.02 |
| EWJ iShares MSCI Japan ETF | Reduce -0.1% | 0.95% | −0.02 |
| XAR SS SPDR S&P Aerospace Def | Reduce -1.7% | 7.15% | −0.01 |
| WMT Walmart Inc. | Reduce -2.3% | 0.12% | −0.01 |
| EWC iShares MSCI Canada ETF | Reduce -0.2% | 1.04% | −0.00 |
| OXY Occidental Petroleum Corp. | Reduce -2.5% | 0.72% | +0.00 |
| IBB iShares Biotechnology ETF | Reduce -0.8% | 3.62% | +0.12 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.1% | 0.63% | +0.19 |
| AAPL Apple Inc. | Reduce -0.1% | 1.88% | +0.22 |
| URI United Rentals Inc. | Reduce -0.5% | 2.97% | +0.39 |
Portfolio Buys Q2 2025 → Q3 2025
| KIE SS SPDR S&P Insurance ETF | Add +89.3% | 2.82% | +1.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.9% | 23.24% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +57.0% | 0.23% | +0.11 |
| TSLA Tesla Inc. | Add +68.2% | 0.19% | +0.10 |
| EWT iShares MSCI Taiwan ETF | Add +0.1% | 0.97% | +0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Add +11.7% | 0.12% | +0.00 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +8.5% | 0.41% | +0.00 |
| MUB iShares National Muni Bond E | Add +7.1% | 0.13% | −0.00 |
| VGK Vanguard Ftse Europe ETF | Add +0.7% | 0.09% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +4.3% | 0.30% | −0.01 |
| BND Vanguard Total Bond Market | Add +4.5% | 0.60% | −0.02 |
| AMZN Amazon.com Inc. | Add +2.1% | 0.83% | −0.06 |
| XLI SS Industrial Select Sector | Add +1.4% | 2.29% | −0.08 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +0.7% | 4.26% | −0.08 |
| INDA iShares MSCI India ETF | Add +0.8% | 0.76% | −0.12 |
| MSFT Microsoft Corp. | Add +0.1% | 3.97% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.8% | 5.42% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $283.8M | SPY, MDY, XAR, ACWX, IBB |
| Q1 2026 | 48 | $255.5M | SPY, MDY, XAR, ACWX, BRK.B |
| Q4 2025 | 49 | $263.8M | SPY, MDY, XAR, BRK.B, ACWX |
| Q3 2025 | 48 | $260.5M | SPY, MDY, XAR, BRK.B, ACWX |
| Q2 2025 | 49 | $237.7M | SPY, MDY, XAR, BRK.B, ACWX |
| Q1 2025 | 49 | $220.6M | SPY, MDY, XAR, BRK.B, IBB |
| Q4 2024 | 49 | $250.6M | SPY, MDY, XAR, IJR, BRK.B |
| Q3 2024 | 48 | $251.7M | SPY, MDY, XAR, IJR, BRK.B |
| Q2 2024 | 53 | $244.2M | SPY, MDY, XAR, IJR, XLE |
| Q1 2024 | 56 | $268.9M | SPY, IJR, MDY, XAR, XLE |