Cumberland Partners Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Cumberland Partners Ltd reported 169 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Meta Platforms Class A (META, 4.4%) and Eaton (ETN, 4.0%). Compared with Q1 2024, it opened 24 new positions, sold out of 42, added to 67 and reduced 65. The biggest buy was a new position in Schwab (charles) (SCHW) and the biggest sale Rogers Communications Class B (RCI, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001578985
- Portfolio Value
- $1.4B (Q2 2024)
- SEC Filing
- 0001104659-24-089028 ↗ filed Aug 13, 2024
Holdings Value
Holdings 169 stocks · $1.4B
| MSFT Microsoft Corp. | 5.78% | 177,895 | $79.5M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 4.39% | 119,797 | $60.4M | Add +11.5% |
| ETN Eaton Corp. PLC | 3.96% | 173,653 | $54.4M | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 3.69% | 276,518 | $50.7M | Reduce -2.9% |
| WMT Walmart Inc. | 3.24% | 658,162 | $44.6M | Add +11.0% |
| SPGI S&P Global Inc. | 3.21% | 98,979 | $44.1M | Reduce -1.9% |
| RY Royal Bank of Canada | 3.12% | 403,427 | $42.9M | Add +1.9% |
| COST Costco Wholesale Corp. | 3.02% | 48,930 | $41.6M | Reduce -2.9% |
| V Visa Inc. Class A | 2.95% | 154,637 | $40.6M | Add +1.3% |
| TRI Thomson Reuters Corp. | 2.61% | 213,172 | $35.9M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 2.54% | 180,426 | $34.9M | Reduce -0.2% |
| CP Canadian Pacific Kansas City | 2.51% | 438,870 | $34.5M | Add +0.6% |
| LIN Linde PLC | 2.38% | 74,716 | $32.8M | Reduce -1.7% |
| AAPL Apple Inc. | 2.35% | 153,218 | $32.3M | Reduce -8.6% |
| CNI Canadian Natl Railway Co. | 2.25% | 261,783 | $30.9M | Reduce -3.2% |
| MRSH Marsh & McLennan Cos | 2.15% | 140,476 | $29.6M | Reduce -1.7% |
| HD Home Depot Inc. | 2.03% | 81,254 | $28.0M | Add +2.9% |
| TMO Thermo Fisher Scientific Inc. | 1.99% | 49,368 | $27.3M | Reduce -2.7% |
| MA Mastercard Inc. Class A | 1.96% | 60,994 | $26.9M | Add +2.2% |
| TFII Tfi International Inc. | 1.94% | 184,041 | $26.7M | Reduce -9.8% |
| UNH Unitedhealth Group Inc. | 1.90% | 51,256 | $26.1M | Reduce -18.5% |
| AMAT Applied Materials Inc. | 1.87% | 109,231 | $25.8M | Reduce -3.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.77% | 93,693 | $24.3M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.75% | 131,907 | $24.0M | Reduce -8.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.55% | 149,653 | $21.4M | Reduce -3.0% |
| ADI Analog Devices Inc. | 1.35% | 81,042 | $18.5M | Reduce -1.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.98% | 28,659 | $13.4M | Reduce -2.5% |
| CCJ Cameco Corp. | 0.97% | 270,703 | $13.3M | Reduce -0.0% |
| ORLY O'reilly Automotive Inc. | 0.94% | 12,215 | $12.9M | Reduce -6.5% |
| BLK BlackRock Finance Inc. | 0.88% | 15,406 | $12.1M | Add +11.9% |
| AVGO Broadcom Inc. | 0.86% | 7,361 | $11.8M | Add +3.1% |
| SCHW Schwab (charles) Corp. | 0.84% | 156,898 | $11.6M | New |
| ELV Elevance Health Inc. | 0.76% | 19,241 | $10.4M | Add +3.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.70% | 9,362 | $9.6M | Add +128.2% |
| CDNS Cadence Design SYS Inc. | 0.65% | 28,876 | $8.9M | Add +2895.4% |
| ARES Ares Management Corp. Class A | 0.64% | 65,955 | $8.8M | Add +5.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 47,152 | $8.2M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.59% | 26,869 | $8.2M | Reduce -59.2% |
| DSGX The Descartes Systems Grp | 0.58% | 82,838 | $8.0M | Add +25.0% |
| HWM Howmet Aerospace Inc. | 0.57% | 100,305 | $7.8M | Reduce -7.4% |
| CNQ Canadian Natural Resources | 0.54% | 210,376 | $7.5M | Reduce -4.1% |
| ABBV Abbvie Inc. | 0.53% | 42,847 | $7.3M | Add +50.6% |
| LLY Eli Lilly & Co. | 0.53% | 8,042 | $7.3M | Add +17.7% |
| MSI Motorola Solutions Inc. | 0.51% | 18,110 | $7.0M | Add +38.8% |
| SVOL Simplify Volatility Premium | 0.49% | 301,358 | $6.8M | Add +16.3% |
| AVY Avery Dennison Corp. | 0.48% | 30,475 | $6.7M | Reduce -2.7% |
| SCCO Southern Copper Corp. | 0.45% | 57,639 | $6.2M | Add +64.1% |
| MCK McKesson Corp. | 0.45% | 10,535 | $6.2M | Reduce -8.7% |
| GNTX Gentex Corp. | 0.45% | 181,615 | $6.1M | Add +10.7% |
| ET Energy Transfer LP | 0.43% | 366,705 | $5.9M | No change |
| CARR Carrier Global Corp. | 0.42% | 91,060 | $5.7M | Reduce -12.6% |
| BAH Booz Allen Hamilton Holdings | 0.41% | 37,055 | $5.7M | No change |
| FSV Firstservice Corp. | 0.41% | 36,770 | $5.6M | Add +0.7% |
| PH Parker Hannifin Corp. | 0.40% | 10,976 | $5.6M | Reduce -1.9% |
| ICLR Icon PLC | 0.39% | 16,990 | $5.3M | Add +83.0% |
| EMN Eastman Chemical Co. | 0.37% | 51,535 | $5.0M | New |
| ABNB Airbnb Inc. Class A | 0.35% | 32,040 | $4.9M | Add +10.3% |
| DECK Deckers Outdoor Corp. | 0.33% | 4,758 | $4.6M | Reduce -1.5% |
| FERG Ferguson Jersey Ltd. | 0.33% | 23,740 | $4.6M | No change |
| AGI Alamos Gold Inc. Class A | 0.31% | 275,200 | $4.3M | Reduce -20.7% |
| GRP.U Granite Real Estate Investme | 0.31% | 86,080 | $4.3M | Add +8.1% |
| WCN Waste Connections Inc. | 0.31% | 24,140 | $4.2M | Add +4.8% |
| ACGL Arch Capital Group Ltd. | 0.30% | 41,380 | $4.2M | Add +313.8% |
| TD Toronto-Dominion Bank | 0.28% | 71,143 | $3.9M | Reduce -18.0% |
| CRM Salesforce Inc. | 0.28% | 15,100 | $3.9M | Add +36.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 9,465 | $3.9M | Add +1.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.28% | 48,960 | $3.8M | Reduce -5.5% |
| HBM Hudbay Minerals Inc. | 0.27% | 416,275 | $3.8M | Reduce -34.5% |
| DHR Danaher Corp. | 0.26% | 14,462 | $3.6M | Reduce -0.0% |
| PBA Pembina Pipeline Corp. | 0.25% | 94,383 | $3.5M | Add +3.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.25% | 75,579 | $3.5M | Reduce -1.2% |
| TOL Toll Brothers Inc. | 0.24% | 28,795 | $3.3M | Reduce -54.8% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 0.24% | 69,780 | $3.3M | Reduce -42.6% |
| MELI MercadoLibre Inc. | 0.24% | 2,000 | $3.3M | Add +17.6% |
| RCI Rogers Communications Inc. Class B | 0.21% | 77,225 | $2.9M | Reduce -84.8% |
| NOA North American Construction | 0.20% | 143,500 | $2.8M | No change |
| APO Apollo Global Management Inc. | 0.20% | 23,000 | $2.7M | No change |
| SYY Sysco Corp. | 0.20% | 37,650 | $2.7M | Add +527.5% |
| TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN | 0.19% | 123,936 | $2.6M | Reduce -0.1% |
| PEP Pepsico Inc. | 0.19% | 15,700 | $2.6M | Add +17.7% |
| WIX Wix.com Ltd. | 0.19% | 16,000 | $2.5M | Add +14.3% |
| NFLX Netflix Inc. | 0.18% | 3,620 | $2.4M | Add +713.5% |
| GSK GSK PLC-Spon ADR | 0.17% | 62,500 | $2.4M | Add +73.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.17% | 11,000 | $2.4M | Add +22.2% |
| AESI Atlas Energy Solutions Inc. | 0.17% | 116,300 | $2.3M | New |
| DLR Digital Realty Trust Inc. | 0.17% | 15,165 | $2.3M | Reduce -29.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 57,610 | $2.3M | Reduce -11.3% |
| A Agilent Technologies Inc. | 0.16% | 17,275 | $2.2M | Reduce -45.1% |
| NSSC Napco Security Technologies | 0.16% | 42,500 | $2.2M | Add +41.7% |
| AZO AutoZone Inc. | 0.16% | 725 | $2.1M | Add +26.1% |
| CSCO Cisco Systems Inc. | 0.15% | 44,500 | $2.1M | Add +34.6% |
| FMX Fomento Economico Mex-SP ADR | 0.15% | 19,000 | $2.0M | Add +15.2% |
| ENB Enbridge Inc. | 0.15% | 56,115 | $2.0M | Reduce -34.5% |
| KNSL Kinsale Capital Group Inc. | 0.14% | 5,000 | $1.9M | Add +233.3% |
| RSG Republic Services Inc. | 0.14% | 9,600 | $1.9M | Add +10.3% |
| APP AppLovin Corp. Class A | 0.13% | 22,000 | $1.8M | Add +37.5% |
| NVR NVR Inc. | 0.13% | 240 | $1.8M | Add +6.7% |
| GLD SPDR Gold Shares | 0.13% | 8,435 | $1.8M | Reduce -30.8% |
| INTU Intuit Inc. | 0.13% | 2,750 | $1.8M | Add +51.5% |
| CVS CVS Health Corp. | 0.13% | 30,395 | $1.8M | Reduce -11.8% |
Portfolio Sells Q1 2024 → Q2 2024
| RCI Rogers Communications Inc. Class B | Reduce -84.8% | 0.21% | −1.31 |
| ACN Accenture PLC Class A | Reduce -59.2% | 0.59% | −1.06 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.46 |
| TFII Tfi International Inc. | Reduce -9.8% | 1.94% | −0.42 |
| UNH Unitedhealth Group Inc. | Reduce -18.5% | 1.90% | −0.36 |
| TOL Toll Brothers Inc. | Reduce -54.8% | 0.24% | −0.36 |
| CNI Canadian Natl Railway Co. | Reduce -3.2% | 2.25% | −0.34 |
| YUM Yum! Brands Inc. | Reduce -95.0% | 0.02% | −0.31 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.28 |
| ETN Eaton Corp. PLC | Reduce -6.5% | 3.96% | −0.26 |
| SGI Somnigroup International Inc. | Reduce -42.6% | 0.24% | −0.26 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.24 |
| STAG Stag Industrial Inc. | Sold out | 0.00% | −0.21 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.20 |
| LIN Linde PLC | Reduce -1.7% | 2.38% | −0.18 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.17 |
| A Agilent Technologies Inc. | Reduce -45.1% | 0.16% | −0.17 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.7% | 1.99% | −0.16 |
| ORLY O'reilly Automotive Inc. | Reduce -6.5% | 0.94% | −0.13 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.13 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.12 |
| SJNK SS SPDR BB St Hi Yield ETF | Sold out | 0.00% | −0.10 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.10 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.10 |
| TD Toronto-Dominion Bank | Reduce -18.0% | 0.28% | −0.10 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.09 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.08 |
| ENB Enbridge Inc. | Reduce -34.5% | 0.15% | −0.08 |
| SPHB Invesco S&P 500 High Beta Et | Sold out | 0.00% | −0.08 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.08 |
| ADBE Adobe Inc. | Reduce -46.2% | 0.11% | −0.08 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.07 |
| CNC Centene Corp. | Sold out | 0.00% | −0.07 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.07 |
| CVS CVS Health Corp. | Reduce -11.8% | 0.13% | −0.07 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.07 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.07 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.07 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.07 |
| CNQ Canadian Natural Resources | Reduce -4.1% | 0.54% | −0.06 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.06 |
| AGI Alamos Gold Inc. Class A | Reduce -20.7% | 0.31% | −0.06 |
| DLR Digital Realty Trust Inc. | Reduce -29.1% | 0.17% | −0.06 |
| GLD SPDR Gold Shares | Reduce -30.8% | 0.13% | −0.05 |
| HBM Hudbay Minerals Inc. | Reduce -34.5% | 0.27% | −0.05 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -1.9% | 0.40% | −0.05 |
| SAIC Science Applications Inte | Sold out | 0.00% | −0.05 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.05 |
| KMLM Kraneshares MT LC MN FT Id S | Sold out | 0.00% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| SCHW Schwab (charles) Corp. | New | 0.84% | +0.84 |
| WMT Walmart Inc. | Add +11.0% | 3.24% | +0.65 |
| CDNS Cadence Design SYS Inc. | Add +2895.4% | 0.65% | +0.62 |
| META Meta Platforms Inc. Class A | Add +11.5% | 4.39% | +0.60 |
| ASML ASML Holding NV-NY Reg SHS | Add +128.2% | 0.70% | +0.41 |
| EMN Eastman Chemical Co. | New | 0.37% | +0.37 |
| ACGL Arch Capital Group Ltd. | Add +313.8% | 0.30% | +0.24 |
| RY Royal Bank of Canada | Add +1.9% | 3.12% | +0.22 |
| SCCO Southern Copper Corp. | Add +64.1% | 0.45% | +0.18 |
| MSI Motorola Solutions Inc. | Add +38.8% | 0.51% | +0.17 |
| AVGO Broadcom Inc. | Add +3.1% | 0.86% | +0.17 |
| AESI Atlas Energy Solutions Inc. | New | 0.17% | +0.17 |
| ICLR Icon PLC | Add +83.0% | 0.39% | +0.16 |
| SYY Sysco Corp. | Add +527.5% | 0.20% | +0.16 |
| NFLX Netflix Inc. | Add +713.5% | 0.18% | +0.16 |
| ABBV Abbvie Inc. | Add +50.6% | 0.53% | +0.16 |
| LLY Eli Lilly & Co. | Add +17.7% | 0.53% | +0.14 |
| DSGX The Descartes Systems Grp | Add +25.0% | 0.58% | +0.14 |
| TW Tradeweb Markets Inc. Class A | New | 0.11% | +0.11 |
| HCA HCA Healthcare Inc. | New | 0.09% | +0.09 |
| FALN iShares Fallen Angels ETF | New | 0.09% | +0.09 |
| KNSL Kinsale Capital Group Inc. | Add +233.3% | 0.14% | +0.08 |
| IBM Intl Business Machines Corp. | New | 0.08% | +0.08 |
| TPL Texas Pacific Land Corp. | New | 0.07% | +0.07 |
| PM Philip Morris International | New | 0.07% | +0.07 |
| NSSC Napco Security Technologies | Add +41.7% | 0.16% | +0.07 |
| SPOT Spotify Technology SA | New | 0.07% | +0.07 |
| LMT Lockheed Martin Corp. | New | 0.07% | +0.07 |
| SVOL Simplify Volatility Premium | Add +16.3% | 0.49% | +0.07 |
| PSA Public Storage | New | 0.06% | +0.06 |
| GSK GSK PLC-Spon ADR | Add +73.6% | 0.17% | +0.06 |
| STN Stantec Inc. | New | 0.06% | +0.06 |
| IBKR Interactive Brokers Gro Class A | New | 0.06% | +0.06 |
| CI The Cigna Group | Add +132.4% | 0.11% | +0.06 |
| ELV Elevance Health Inc. | Add +3.4% | 0.76% | +0.06 |
| STZ Constellation Brands Inc. Class A | New | 0.06% | +0.06 |
| NVDA Nvidia Corp. | Add +26.4% | 0.13% | +0.05 |
| APP AppLovin Corp. Class A | Add +37.5% | 0.13% | +0.05 |
| MELI MercadoLibre Inc. | Add +17.6% | 0.24% | +0.05 |
| PCAR Paccar Inc. | New | 0.05% | +0.05 |
| BLK BlackRock Finance Inc. | Add +11.9% | 0.88% | +0.05 |
| TU Telus Corp. | Add +82.0% | 0.11% | +0.05 |
| FTNT Fortinet Inc. | Add +89.3% | 0.12% | +0.05 |
| UTHR United Therapeutics Corp. | New | 0.05% | +0.05 |
| TGT Target Corp. | Add +101.9% | 0.11% | +0.05 |
| BKLN Invesco Senior Loan ETF | Add +150.0% | 0.08% | +0.05 |
| INTU Intuit Inc. | Add +51.5% | 0.13% | +0.05 |
| PGR Progressive Corp. | New | 0.05% | +0.05 |
| WIX Wix.com Ltd. | Add +14.3% | 0.19% | +0.05 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.04% | +0.04 |
Options Activity Q1 2024 → Q2 2024
| GLD SPDR Gold Shares | call | Sold out | 10,000 | $2.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |