Cumberland Partners Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Cumberland Partners Ltd reported 153 stock positions worth $1.5 billion. Its top holding was Royal Bank of Canada (RY) at 5.2% of the portfolio, followed by Nvidia (NVDA, 4.6%) and Microsoft (MSFT, 4.3%). Compared with Q1 2026, it opened 16 new positions, sold out of 20, added to 74 and reduced 48. The biggest buy was McKesson (MCK, shares +905%) and the biggest sale Mastercard Class A (MA, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001578985
- Portfolio Value
- $1.5B (Q2 2026)
- SEC Filing
- 0001104659-26-091472 ↗ filed Aug 6, 2026
Holdings Value
Holdings 153 stocks · $1.5B
| RY Royal Bank of Canada | 5.17% | 386,426 | $79.9M | Add +7.0% |
| NVDA Nvidia Corp. | 4.58% | 353,693 | $70.8M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.27% | 176,987 | $66.0M | Add +18.2% |
| AMZN Amazon.com Inc. | 4.02% | 260,465 | $62.1M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 3.83% | 167,640 | $59.2M | Reduce -0.6% |
| WMT Walmart Inc. | 3.27% | 446,379 | $50.6M | Add +6.5% |
| LIN Linde PLC | 3.09% | 92,008 | $47.7M | Add +23.3% |
| LLY Eli Lilly & Co. | 3.06% | 39,407 | $47.3M | Add +8.8% |
| AAPL Apple Inc. | 3.02% | 161,477 | $46.7M | Reduce -0.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 2.93% | 522,360 | $45.3M | Reduce -0.8% |
| COST Costco Wholesale Corp. | 2.81% | 46,434 | $43.4M | Add +2.0% |
| ETN Eaton Corp. PLC | 2.30% | 83,528 | $35.6M | Reduce -20.4% |
| UNP Union Pacific Corp. | 2.27% | 129,041 | $35.1M | Add +75.0% |
| AME Ametek Inc. | 2.24% | 142,839 | $34.6M | Reduce -0.5% |
| MCK McKesson Corp. | 2.15% | 43,950 | $33.2M | Add +904.6% |
| CNQ Canadian Natural Resources | 2.13% | 832,392 | $32.9M | Add +33.5% |
| AVGO Broadcom Inc. | 2.05% | 83,644 | $31.6M | Reduce -19.6% |
| META Meta Platforms Inc. Class A | 1.93% | 52,806 | $29.7M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 1.87% | 80,921 | $28.9M | Add +13.4% |
| UNH Unitedhealth Group Inc. | 1.74% | 64,734 | $26.9M | Reduce -0.8% |
| GIL Gildan Activewear Inc. | 1.54% | 461,735 | $23.8M | Add +42.0% |
| V Visa Inc. Class A | 1.52% | 68,418 | $23.5M | Reduce -19.3% |
| AZN Astrazeneca PLC | 1.50% | 121,834 | $23.1M | Reduce -16.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.47% | 47,543 | $22.7M | Add +27.0% |
| NFLX Netflix Inc. | 1.40% | 302,802 | $21.6M | Add +1.6% |
| DELL Dell Technologies -C | 1.38% | 49,530 | $21.4M | Reduce -11.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.28% | 130,887 | $19.8M | Add +14.2% |
| APH Amphenol Corp. Class A | 1.26% | 110,784 | $19.5M | Reduce -54.6% |
| URNM Sprott Uranium Miners ETF | 1.25% | 366,088 | $19.3M | Add +64.8% |
| ADI Analog Devices Inc. | 1.09% | 42,227 | $16.8M | Add +2962.2% |
| CCJ Cameco Corp. | 1.08% | 164,268 | $16.7M | Add +32.1% |
| ORLY O'reilly Automotive Inc. | 1.04% | 173,884 | $16.0M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.98% | 129,475 | $15.2M | Add +86.6% |
| PHM Pultegroup Inc. | 0.96% | 107,923 | $14.8M | Reduce -49.5% |
| FERG Ferguson Enterprises Inc. | 0.82% | 53,349 | $12.7M | Add +224.9% |
| HWM Howmet Aerospace Inc. | 0.81% | 46,440 | $12.5M | Add +111.0% |
| JPM JPMorgan Chase & Co. | 0.80% | 37,954 | $12.4M | Reduce -0.0% |
| TD Toronto-Dominion Bank | 0.77% | 97,731 | $11.9M | Add +3.0% |
| ABBV Abbvie Inc. | 0.76% | 46,647 | $11.7M | Add +82.9% |
| GE General Electric filed as GE AEROSPACE | 0.72% | 29,748 | $11.1M | Add +72.5% |
| NDAQ Nasdaq Inc. | 0.63% | 122,725 | $9.7M | Add +26.4% |
| WSM Williams-Sonoma Inc. | 0.53% | 35,380 | $8.2M | Add +108.4% |
| MDA Mda Space Ltd. | 0.52% | 195,695 | $8.1M | Add +5.4% |
| JNJ Johnson & Johnson | 0.52% | 31,490 | $8.0M | Reduce -1.8% |
| PM Philip Morris International | 0.49% | 41,960 | $7.6M | Add +32.9% |
| ET Energy Transfer LP | 0.47% | 380,005 | $7.3M | No change |
| AMAT Applied Materials Inc. | 0.45% | 9,641 | $7.0M | Reduce -0.6% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.44% | 38,479 | $6.8M | Add +10.3% |
| MU Micron Technology Inc. | 0.44% | 5,826 | $6.7M | Reduce -15.6% |
| PH Parker Hannifin Corp. | 0.43% | 6,804 | $6.7M | Reduce -6.4% |
| AGI Alamos Gold Inc. Class A | 0.40% | 206,200 | $6.2M | Add +0.9% |
| GLD SPDR Gold Shares | 0.39% | 16,304 | $6.0M | Reduce -0.6% |
| BLK BlackRock Inc. | 0.37% | 6,015 | $5.8M | Add +77.2% |
| EXPE Expedia Group Inc. | 0.37% | 22,550 | $5.8M | Add +39.4% |
| HBM Hudbay Minerals Inc. | 0.36% | 232,800 | $5.5M | No change |
| PBA Pembina Pipeline Corp. | 0.35% | 117,655 | $5.4M | Add +5.7% |
| LRCX Lam Research Corp. | 0.35% | 12,500 | $5.4M | No change |
| CP Canadian Pacific Kansas City | 0.35% | 61,876 | $5.4M | Add +9.4% |
| NTR Nutrien Ltd. | 0.35% | 84,810 | $5.3M | Add +60.0% |
| CNI Canadian Natl Railway Co. | 0.30% | 38,450 | $4.6M | Add +16.7% |
| CCEP Coca-Cola Europacific Partne | 0.29% | 45,090 | $4.5M | Reduce -4.3% |
| PFE Pfizer Inc. | 0.29% | 187,055 | $4.5M | Reduce -2.5% |
| GRID First TRST Nasd Class Edg Sgiif | 0.28% | 22,596 | $4.3M | Add +0.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.27% | 8,368 | $4.2M | Reduce -10.8% |
| FIX Comfort Systems USA Inc. | 0.26% | 2,000 | $4.0M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 39,413 | $3.8M | Add +113.3% |
| SII Sprott Inc. | 0.24% | 32,400 | $3.6M | Reduce -10.5% |
| DE Deere & Co. | 0.23% | 5,602 | $3.6M | Add +0.9% |
| FSV Firstservice Corp. | 0.22% | 24,300 | $3.5M | Reduce -0.7% |
| CTA Simplify Managed Futures St | 0.21% | 125,198 | $3.2M | Reduce -0.2% |
| RSG Republic Services Inc. | 0.20% | 14,800 | $3.2M | Add +8.4% |
| RPRX Royalty Pharma PLC Class A | 0.20% | 55,900 | $3.1M | Add +11.8% |
| KVUE Kenvue Inc. | 0.20% | 159,280 | $3.0M | Reduce -1.3% |
| BAC Bank of America Corp. | 0.19% | 52,675 | $3.0M | Reduce -5.1% |
| EFA iShares MSCI Eafe ETF | 0.19% | 28,476 | $3.0M | Add +0.0% |
| BGSI Boyd Group Services Inc. | 0.19% | 31,000 | $2.9M | Add +0.3% |
| APP AppLovin Corp. Class A | 0.18% | 5,500 | $2.8M | No change |
| MNST Monster Beverage Corp. | 0.18% | 28,382 | $2.7M | Add +14.5% |
| EME Emcor Group Inc. | 0.18% | 3,263 | $2.7M | Add +0.4% |
| VST Vistra Corp. | 0.17% | 17,015 | $2.7M | Add +70.2% |
| TPR Tapestry Inc. | 0.16% | 17,000 | $2.5M | No change |
| PSMT Pricesmart Inc. | 0.16% | 12,310 | $2.4M | New |
| CB Chubb Ltd. | 0.15% | 7,000 | $2.4M | Add +40.0% |
| CASY Casey's General Stores Inc. | 0.15% | 3,000 | $2.4M | New |
| BAM Brookfield Asset Mgmt-A | 0.15% | 52,825 | $2.4M | Add +93.4% |
| IBKR Interactive Brokers Gro Class A | 0.15% | 26,880 | $2.3M | New |
| KLAC KLA Corp. | 0.15% | 7,500 | $2.3M | Reduce -31.8% |
| SPGI S&P Global Inc. | 0.15% | 5,550 | $2.3M | Add +12.3% |
| RJF Raymond James Financial Inc. | 0.15% | 14,800 | $2.3M | Reduce -42.6% |
| DSGX The Descartes Systems Grp | 0.14% | 31,400 | $2.2M | Reduce -0.2% |
| MSCI MSCI Inc. | 0.14% | 3,800 | $2.1M | Add +26.7% |
| WFRD Weatherford International PL | 0.14% | 26,100 | $2.1M | New |
| TEL Te Connectivity PLC | 0.13% | 9,945 | $2.0M | Reduce -4.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.13% | 37,673 | $2.0M | Add +7.8% |
| CW Curtiss-Wright Corp. | 0.13% | 2,600 | $2.0M | New |
| WWD Woodward Inc. | 0.13% | 4,600 | $2.0M | New |
| FN Fabrinet | 0.13% | 3,470 | $2.0M | New |
| ROST Ross Stores Inc. | 0.12% | 8,700 | $1.9M | New |
| RMD Resmed Inc. | 0.12% | 9,500 | $1.9M | No change |
| AS Amer Sports Inc. | 0.12% | 54,335 | $1.8M | New |
Portfolio Sells Q1 2026 → Q2 2026
| MA Mastercard Inc. Class A | Reduce -98.5% | 0.02% | −1.77 |
| APH Amphenol Corp. Class A | Reduce -54.6% | 1.26% | −1.08 |
| PHM Pultegroup Inc. | Reduce -49.5% | 0.96% | −0.95 |
| AZN Astrazeneca PLC | Reduce -16.4% | 1.50% | −0.69 |
| ETN Eaton Corp. PLC | Reduce -20.4% | 2.30% | −0.54 |
| V Visa Inc. Class A | Reduce -19.3% | 1.52% | −0.42 |
| AVGO Broadcom Inc. | Reduce -19.6% | 2.05% | −0.40 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.35 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.30 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.21 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.21 |
| ORLY O'reilly Automotive Inc. | Reduce -1.2% | 1.04% | −0.20 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.20 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.18 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.16 |
| SII Sprott Inc. | Reduce -10.5% | 0.24% | −0.15 |
| GLD SPDR Gold Shares | Reduce -0.6% | 0.39% | −0.15 |
| WTS Watts Water Technologies-A | Sold out | 0.00% | −0.14 |
| RJF Raymond James Financial Inc. | Reduce -42.6% | 0.15% | −0.14 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.13 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 4.02% | −0.12 |
| NVDA Nvidia Corp. | Reduce -0.5% | 4.58% | −0.12 |
| PFE Pfizer Inc. | Reduce -2.5% | 0.29% | −0.12 |
| AAPL Apple Inc. | Reduce -0.7% | 3.02% | −0.11 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.10 |
| AME Ametek Inc. | Reduce -0.5% | 2.24% | −0.10 |
| OKE Oneok Inc. | Reduce -75.2% | 0.02% | −0.09 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.09 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.09 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.09 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.08 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.08 |
| CTA Simplify Managed Futures St | Reduce -0.2% | 0.21% | −0.08 |
| JNJ Johnson & Johnson | Reduce -1.8% | 0.52% | −0.08 |
| AESI Atlas Energy Solutions Inc. | Sold out | 0.00% | −0.07 |
| BND Vanguard Total Bond Market | Reduce -71.4% | 0.02% | −0.07 |
| PH Parker Hannifin Corp. | Reduce -6.4% | 0.43% | −0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -26.7% | 0.09% | −0.05 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -10.8% | 0.27% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.0% | 0.80% | −0.04 |
| RBA RB Global Inc. | Sold out | 0.00% | −0.04 |
| TEL Te Connectivity PLC | Reduce -4.1% | 0.13% | −0.03 |
| FSV Firstservice Corp. | Reduce -0.7% | 0.22% | −0.03 |
| CCEP Coca-Cola Europacific Partne | Reduce -4.3% | 0.29% | −0.03 |
| DSGX The Descartes Systems Grp | Reduce -0.2% | 0.14% | −0.03 |
| TFII Tfi International Inc. | Reduce -40.0% | 0.05% | −0.03 |
| STN Stantec Inc. | Reduce -0.6% | 0.05% | −0.03 |
| EOG EOG Resources Inc. | Reduce -1.0% | 0.08% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| MCK McKesson Corp. | Add +904.6% | 2.15% | +1.86 |
| ADI Analog Devices Inc. | Add +2962.2% | 1.09% | +1.05 |
| UNP Union Pacific Corp. | Add +75.0% | 2.27% | +0.91 |
| RY Royal Bank of Canada | Add +7.0% | 5.17% | +0.75 |
| CSCO Cisco Systems Inc. | Add +86.6% | 0.98% | +0.58 |
| LLY Eli Lilly & Co. | Add +8.8% | 3.06% | +0.53 |
| FERG Ferguson Enterprises Inc. | Add +224.9% | 0.82% | +0.53 |
| TSM Taiwan Semiconductor-SP ADR | Add +27.0% | 1.47% | +0.51 |
| HWM Howmet Aerospace Inc. | Add +111.0% | 0.81% | +0.42 |
| GE General Electric | Add +72.5% | 0.72% | +0.35 |
| ABBV Abbvie Inc. | Add +82.9% | 0.76% | +0.34 |
| GOOGL Alphabet Inc. Class A | Add +13.4% | 1.87% | +0.32 |
| WSM Williams-Sonoma Inc. | Add +108.4% | 0.53% | +0.30 |
| LIN Linde PLC | Add +23.3% | 3.09% | +0.28 |
| URNM Sprott Uranium Miners ETF | Add +64.8% | 1.25% | +0.18 |
| MDA Mda Space Ltd. | Add +5.4% | 0.52% | +0.17 |
| GIL Gildan Activewear Inc. | Add +42.0% | 1.54% | +0.17 |
| PSMT Pricesmart Inc. | New | 0.16% | +0.16 |
| CASY Casey's General Stores Inc. | New | 0.15% | +0.15 |
| IBKR Interactive Brokers Gro Class A | New | 0.15% | +0.15 |
| WFRD Weatherford International PL | New | 0.14% | +0.14 |
| CW Curtiss-Wright Corp. | New | 0.13% | +0.13 |
| BLK BlackRock Inc. | Add +77.2% | 0.37% | +0.13 |
| WWD Woodward Inc. | New | 0.13% | +0.13 |
| FN Fabrinet | New | 0.13% | +0.13 |
| ROST Ross Stores Inc. | New | 0.12% | +0.12 |
| AS Amer Sports Inc. | New | 0.12% | +0.12 |
| DIS The Walt Disney Co. | Add +113.3% | 0.25% | +0.11 |
| TD Toronto-Dominion Bank | Add +3.0% | 0.77% | +0.10 |
| PM Philip Morris International | Add +32.9% | 0.49% | +0.10 |
| IBM Intl Business Machines Corp. | New | 0.09% | +0.09 |
| EXPE Expedia Group Inc. | Add +39.4% | 0.37% | +0.09 |
| SN Sharkninja Inc. | New | 0.09% | +0.09 |
| UI Ubiquiti Inc. | New | 0.08% | +0.08 |
| BMO Bank of Montreal | Add +10.3% | 0.44% | +0.08 |
| CVE Cenovus Energy Inc. | New | 0.07% | +0.07 |
| MSFT Microsoft Corp. | Add +18.2% | 4.27% | +0.07 |
| CLX Clorox Company | New | 0.07% | +0.07 |
| BAM Brookfield Asset Mgmt-A | Add +93.4% | 0.15% | +0.06 |
| VST Vistra Corp. | Add +70.2% | 0.17% | +0.06 |
| CCJ Cameco Corp. | Add +32.1% | 1.08% | +0.06 |
| NTR Nutrien Ltd. | Add +60.0% | 0.35% | +0.04 |
| CNI Canadian Natl Railway Co. | Add +16.7% | 0.30% | +0.04 |
| MNST Monster Beverage Corp. | Add +14.5% | 0.18% | +0.04 |
| QSR Restaurant Brands Intern | Add +153.7% | 0.06% | +0.03 |
| VEEV Veeva Systems Inc. Class A | Add +65.0% | 0.11% | +0.03 |
| CB Chubb Ltd. | Add +40.0% | 0.15% | +0.03 |
| ARIS Aris Mining Corp. | Add +100.5% | 0.11% | +0.03 |
| RPRX Royalty Pharma PLC Class A | Add +11.8% | 0.20% | +0.02 |
| MSCI MSCI Inc. | Add +26.7% | 0.14% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 153 | $1.5B | RY, NVDA, MSFT, AMZN, GOOG |
| Q1 2026 | 157 | $1.3B | NVDA, RY, MSFT, AMZN, WMT |
| Q4 2025 | 172 | $1.6B | MSFT, NVDA, WMT, RY, META |
| Q3 2025 | 162 | $1.5B | MSFT, NVDA, META, WMT, RY |
| Q2 2025 | 169 | $1.4B | MSFT, WMT, META, NVDA, SPGI |
| Q1 2025 | 168 | $1.3B | MSFT, WMT, V, META, SPGI |
| Q4 2024 | 164 | $1.4B | MSFT, WMT, META, ETN, GOOG |
| Q3 2024 | 178 | $1.4B | MSFT, META, WMT, ETN, RY |
| Q2 2024 | 169 | $1.4B | MSFT, META, ETN, GOOG, WMT |
| Q1 2024 | 187 | $1.4B | MSFT, ETN, META, GOOG, SPGI |