Cumberland Partners Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Cumberland Partners Ltd reported 157 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 4.7% of the portfolio, followed by Royal Bank of Canada (RY, 4.4%) and Microsoft (MSFT, 4.2%). Compared with Q4 2025, it opened 22 new positions, sold out of 37, added to 41 and reduced 85. The biggest buy was Ametek (AME, shares +522%) and the biggest sale S&P Global (SPGI, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001578985
- Portfolio Value
- $1.3B (Q1 2026)
- SEC Filing
- 0001104659-26-061281 ↗ filed May 14, 2026
Holdings Value
Holdings 157 stocks · $1.3B
| NVDA Nvidia Corp. | 4.70% | 355,465 | $62.0M | Reduce -12.3% |
| RY Royal Bank of Canada | 4.42% | 361,003 | $58.2M | Reduce -7.7% |
| MSFT Microsoft Corp. | 4.21% | 149,757 | $55.4M | Reduce -21.9% |
| AMZN Amazon.com Inc. | 4.14% | 262,111 | $54.6M | Reduce -4.7% |
| WMT Walmart Inc. | 3.95% | 419,100 | $52.1M | Reduce -30.1% |
| GOOG Alphabet Inc. Class C | 3.67% | 168,559 | $48.4M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 3.44% | 45,532 | $45.4M | Add +7.4% |
| AAPL Apple Inc. | 3.13% | 162,591 | $41.3M | Reduce -18.7% |
| ETN Eaton Corp. PLC | 2.85% | 104,875 | $37.5M | Reduce -8.9% |
| LIN Linde PLC | 2.81% | 74,633 | $37.0M | Add +3.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 2.76% | 526,323 | $36.4M | Reduce -4.8% |
| LLY Eli Lilly & Co. | 2.53% | 36,235 | $33.3M | Add +6.2% |
| AVGO Broadcom Inc. | 2.44% | 104,070 | $32.2M | Reduce -13.2% |
| APH Amphenol Corp. Class A | 2.34% | 244,081 | $30.8M | Add +60.5% |
| AME Ametek Inc. | 2.33% | 143,536 | $30.8M | Add +522.4% |
| CNQ Canadian Natural Resources | 2.30% | 623,704 | $30.4M | Add +139.6% |
| META Meta Platforms Inc. Class A | 2.22% | 51,042 | $29.2M | Reduce -47.1% |
| AZN Astrazeneca PLC | 2.18% | 145,746 | $28.7M | Add +132.4% |
| NFLX Netflix Inc. | 2.17% | 298,074 | $28.7M | Add +142.0% |
| V Visa Inc. Class A | 1.94% | 84,732 | $25.6M | Reduce -40.3% |
| PHM Pultegroup Inc. | 1.91% | 213,571 | $25.1M | Add +72.8% |
| MA Mastercard Inc. Class A | 1.80% | 47,433 | $23.7M | Reduce -15.9% |
| GOOGL Alphabet Inc. Class A | 1.56% | 71,347 | $20.5M | Reduce -37.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.39% | 114,648 | $18.3M | Add +117.1% |
| GIL Gildan Activewear Inc. | 1.37% | 325,168 | $18.1M | Add +1307.7% |
| UNP Union Pacific Corp. | 1.36% | 73,753 | $17.9M | New |
| UNH Unitedhealth Group Inc. | 1.34% | 65,237 | $17.7M | Reduce -0.0% |
| ORLY O'reilly Automotive Inc. | 1.23% | 175,952 | $16.2M | Reduce -1.0% |
| URNM Sprott Uranium Miners ETF | 1.06% | 222,133 | $14.0M | Reduce -1.1% |
| CCJ Cameco Corp. | 1.02% | 124,376 | $13.5M | Reduce -20.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.96% | 37,423 | $12.6M | Reduce -47.4% |
| JPM JPMorgan Chase & Co. | 0.85% | 37,958 | $11.2M | Add +29.0% |
| DELL Dell Technologies -C | 0.70% | 56,130 | $9.2M | Reduce -3.2% |
| AGI Alamos Gold Inc. Class A | 0.69% | 204,300 | $9.1M | Reduce -15.7% |
| TD Toronto-Dominion Bank | 0.67% | 94,929 | $8.8M | Reduce -13.1% |
| NDAQ Nasdaq Inc. | 0.63% | 97,125 | $8.2M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.59% | 32,060 | $7.8M | Reduce -46.0% |
| ET Energy Transfer LP | 0.56% | 380,005 | $7.3M | No change |
| GLD SPDR Gold Shares | 0.54% | 16,405 | $7.1M | Reduce -11.8% |
| PH Parker Hannifin Corp. | 0.49% | 7,271 | $6.5M | Reduce -31.1% |
| ABBV Abbvie Inc. | 0.42% | 25,507 | $5.5M | Reduce -36.3% |
| PFE Pfizer Inc. | 0.41% | 191,855 | $5.4M | Add +46.9% |
| CSCO Cisco Systems Inc. | 0.41% | 69,395 | $5.4M | Reduce -43.1% |
| PM Philip Morris International | 0.40% | 31,580 | $5.2M | Reduce -22.3% |
| SII Sprott Inc. | 0.39% | 36,200 | $5.1M | Add +12.1% |
| HWM Howmet Aerospace Inc. | 0.38% | 22,005 | $5.1M | Reduce -48.4% |
| PBA Pembina Pipeline Corp. | 0.38% | 111,322 | $5.0M | Reduce -22.1% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 17,250 | $4.9M | Reduce -36.3% |
| HBM Hudbay Minerals Inc. | 0.37% | 232,800 | $4.9M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.36% | 34,895 | $4.7M | Reduce -14.9% |
| MDA Mda Space Ltd. | 0.36% | 185,700 | $4.7M | New |
| HD Home Depot Inc. | 0.35% | 14,212 | $4.7M | Reduce -76.4% |
| CP Canadian Pacific Kansas City | 0.34% | 56,572 | $4.4M | Reduce -76.3% |
| CCEP Coca-Cola Europacific Partne | 0.32% | 47,090 | $4.3M | Reduce -1.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.32% | 9,376 | $4.2M | Reduce -2.4% |
| NTR Nutrien Ltd. | 0.30% | 53,000 | $4.0M | Reduce -29.9% |
| UBER Uber Technologies Inc. | 0.30% | 55,000 | $4.0M | Reduce -47.6% |
| BGSI Boyd Group Services Inc. | 0.30% | 30,900 | $3.9M | Add +135.9% |
| FERG Ferguson Enterprises Inc. | 0.29% | 16,419 | $3.8M | Add +631.4% |
| CTA Simplify Managed Futures St | 0.29% | 125,469 | $3.8M | Add +13.7% |
| MCK McKesson Corp. | 0.29% | 4,375 | $3.8M | Reduce -45.5% |
| RJF Raymond James Financial Inc. | 0.28% | 25,800 | $3.7M | Reduce -11.3% |
| EXPE Expedia Group Inc. | 0.28% | 16,175 | $3.7M | Reduce -21.3% |
| GRID First TRST Nasd Class Edg Sgiif | 0.28% | 22,591 | $3.7M | New |
| FSV Firstservice Corp. | 0.26% | 24,480 | $3.4M | Reduce -0.3% |
| CNI Canadian Natl Railway Co. | 0.26% | 32,950 | $3.4M | Add +132.9% |
| AMAT Applied Materials Inc. | 0.25% | 9,703 | $3.3M | Reduce -58.3% |
| BLK BlackRock Inc. | 0.25% | 3,395 | $3.3M | Reduce -37.9% |
| DE Deere & Co. | 0.24% | 5,551 | $3.1M | Reduce -13.6% |
| WSM Williams-Sonoma Inc. | 0.23% | 16,980 | $3.1M | Reduce -30.6% |
| RSG Republic Services Inc. | 0.23% | 13,650 | $3.0M | Add +17.2% |
| KVUE Kenvue Inc. | 0.21% | 161,370 | $2.8M | No change |
| EFA iShares MSCI Eafe ETF | 0.21% | 28,467 | $2.8M | Add +14.3% |
| FIX Comfort Systems USA Inc. | 0.21% | 2,000 | $2.8M | New |
| BKNG Booking Holdings Inc. | 0.21% | 650 | $2.7M | Reduce -27.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.21% | 190,000 | $2.7M | Reduce -33.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 55,525 | $2.7M | Reduce -0.1% |
| LRCX Lam Research Corp. | 0.20% | 12,500 | $2.7M | New |
| VIK Viking Holdings Ltd. | 0.20% | 35,000 | $2.6M | Reduce -50.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.18% | 8,000 | $2.4M | Reduce -46.7% |
| EME Emcor Group Inc. | 0.18% | 3,250 | $2.4M | Reduce -48.4% |
| TPR Tapestry Inc. | 0.18% | 17,000 | $2.4M | New |
| RPRX Royalty Pharma PLC Class A | 0.18% | 50,000 | $2.4M | Add +42.9% |
| LDOS Leidos Holdings Inc. | 0.18% | 15,000 | $2.3M | Reduce -40.0% |
| MU Micron Technology Inc. | 0.18% | 6,900 | $2.3M | New |
| DSGX The Descartes Systems Grp | 0.17% | 31,450 | $2.2M | No change |
| APP AppLovin Corp. Class A | 0.17% | 5,500 | $2.2M | Reduce -8.3% |
| TEL Te Connectivity PLC | 0.16% | 10,375 | $2.2M | Reduce -46.3% |
| RMD Resmed Inc. | 0.16% | 9,500 | $2.1M | Reduce -54.8% |
| SPGI S&P Global Inc. | 0.16% | 4,941 | $2.1M | Reduce -94.7% |
| FTI Technipfmc PLC | 0.16% | 30,000 | $2.1M | Reduce -53.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.14% | 24,000 | $1.9M | No change |
| WTS Watts Water Technologies-A | 0.14% | 6,500 | $1.9M | Reduce -50.0% |
| CRM Salesforce Inc. | 0.14% | 10,000 | $1.9M | Reduce -55.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.14% | 34,953 | $1.9M | Add +11.1% |
| MNST Monster Beverage Corp. | 0.14% | 24,782 | $1.8M | Reduce -64.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.14% | 18,478 | $1.8M | Reduce -47.1% |
| IQV Iqvia Holdings Inc. | 0.13% | 10,005 | $1.7M | Reduce -21.3% |
| ADSK Autodesk Inc. | 0.13% | 7,000 | $1.7M | Reduce -72.7% |
| CB Chubb Ltd. | 0.12% | 5,000 | $1.6M | New |
Portfolio Sells Q4 2025 → Q1 2026
| SPGI S&P Global Inc. | Reduce -94.7% | 0.16% | −2.82 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −2.69 |
| META Meta Platforms Inc. Class A | Reduce -47.1% | 2.22% | −1.68 |
| MSFT Microsoft Corp. | Reduce -21.9% | 4.21% | −1.47 |
| V Visa Inc. Class A | Reduce -40.3% | 1.94% | −1.11 |
| HD Home Depot Inc. | Reduce -76.4% | 0.35% | −0.92 |
| STN Stantec Inc. | Reduce -92.5% | 0.08% | −0.84 |
| CP Canadian Pacific Kansas City | Reduce -76.3% | 0.34% | −0.74 |
| GOOGL Alphabet Inc. Class A | Reduce -37.4% | 1.56% | −0.63 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.46 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -47.4% | 0.96% | −0.36 |
| ADSK Autodesk Inc. | Reduce -72.7% | 0.13% | −0.34 |
| TUA Sim St Treas Fut Strat ETF | Reduce -92.8% | 0.03% | −0.33 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.31 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.30 |
| EUFN iShares MSCI Europe Financia | Sold out | 0.00% | −0.29 |
| VEEV Veeva Systems Inc. Class A | Reduce -76.9% | 0.08% | −0.28 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.26 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.23 |
| UBER Uber Technologies Inc. | Reduce -47.6% | 0.30% | −0.23 |
| CRM Salesforce Inc. | Reduce -55.8% | 0.14% | −0.23 |
| BAM Brookfield Asset Mgmt-A | Reduce -72.3% | 0.09% | −0.22 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.21 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -18.7% | 3.13% | −0.20 |
| MNST Monster Beverage Corp. | Reduce -64.5% | 0.14% | −0.19 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.18 |
| MA Mastercard Inc. Class A | Reduce -15.9% | 1.80% | −0.17 |
| VST Vistra Corp. | Reduce -65.5% | 0.11% | −0.17 |
| CSCO Cisco Systems Inc. | Reduce -43.1% | 0.41% | −0.17 |
| JNJ Johnson & Johnson | Reduce -46.0% | 0.59% | −0.16 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.15 |
| HWM Howmet Aerospace Inc. | Reduce -48.4% | 0.38% | −0.15 |
| RMD Resmed Inc. | Reduce -54.8% | 0.16% | −0.15 |
| KNSL Kinsale Capital Group Inc. | Sold out | 0.00% | −0.14 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.14 |
| ABBV Abbvie Inc. | Reduce -36.3% | 0.42% | −0.14 |
| GE General Electric | Reduce -36.3% | 0.37% | −0.14 |
| WMT Walmart Inc. | Reduce -30.1% | 3.95% | −0.14 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.13 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.13 |
| HCA HCA Healthcare Inc. | Reduce -63.6% | 0.11% | −0.13 |
| INTU Intuit Inc. | Reduce -46.0% | 0.10% | −0.13 |
| TW Tradeweb Markets Inc. Class A | Reduce -67.7% | 0.10% | −0.13 |
| MCK McKesson Corp. | Reduce -45.5% | 0.29% | −0.12 |
| MSCI MSCI Inc. | Reduce -55.6% | 0.12% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -58.3% | 0.25% | −0.11 |
| PGR Progressive Corp. | Reduce -88.4% | 0.02% | −0.11 |
| VIK Viking Holdings Ltd. | Reduce -50.0% | 0.20% | −0.11 |
| BLK BlackRock Inc. | Reduce -37.9% | 0.25% | −0.11 |
Portfolio Buys Q4 2025 → Q1 2026
| AME Ametek Inc. | Add +522.4% | 2.33% | +2.04 |
| CNQ Canadian Natural Resources | Add +139.6% | 2.30% | +1.76 |
| AZN Astrazeneca PLC | Add +132.4% | 2.18% | +1.48 |
| NFLX Netflix Inc. | Add +142.0% | 2.17% | +1.47 |
| UNP Union Pacific Corp. | New | 1.36% | +1.36 |
| GIL Gildan Activewear Inc. | Add +1307.7% | 1.37% | +1.28 |
| COST Costco Wholesale Corp. | Add +7.4% | 3.44% | +1.20 |
| APH Amphenol Corp. Class A | Add +60.5% | 2.34% | +1.08 |
| PHM Pultegroup Inc. | Add +72.8% | 1.91% | +1.02 |
| LIN Linde PLC | Add +3.2% | 2.81% | +0.92 |
| TJX TJX Companies Inc. | Add +117.1% | 1.39% | +0.89 |
| MDA Mda Space Ltd. | New | 0.36% | +0.36 |
| LLY Eli Lilly & Co. | Add +6.2% | 2.53% | +0.28 |
| GRID First TRST Nasd Class Edg Sgiif | New | 0.28% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +29.0% | 0.85% | +0.27 |
| FERG Ferguson Enterprises Inc. | Add +631.4% | 0.29% | +0.26 |
| PFE Pfizer Inc. | Add +46.9% | 0.41% | +0.21 |
| FIX Comfort Systems USA Inc. | New | 0.21% | +0.21 |
| LRCX Lam Research Corp. | New | 0.20% | +0.20 |
| SII Sprott Inc. | Add +12.1% | 0.39% | +0.20 |
| TPR Tapestry Inc. | New | 0.18% | +0.18 |
| MU Micron Technology Inc. | New | 0.18% | +0.18 |
| CNI Canadian Natl Railway Co. | Add +132.9% | 0.26% | +0.17 |
| BGSI Boyd Group Services Inc. | Add +135.9% | 0.30% | +0.17 |
| CB Chubb Ltd. | New | 0.12% | +0.12 |
| CTA Simplify Managed Futures St | Add +13.7% | 0.29% | +0.10 |
| RPRX Royalty Pharma PLC Class A | Add +42.9% | 0.18% | +0.10 |
| JXI iShares Global Utilities ETF | New | 0.10% | +0.10 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.09% | +0.09 |
| REGN Regeneron Pharmaceuticals | New | 0.09% | +0.09 |
| SCHW Schwab (charles) Corp. | New | 0.09% | +0.09 |
| VLO Valero Energy Corp. | New | 0.09% | +0.09 |
| AEM Agnico Eagle Mines Ltd. | New | 0.08% | +0.08 |
| TFII Tfi International Inc. | New | 0.08% | +0.08 |
| ZTS Zoetis Inc. | New | 0.08% | +0.08 |
| ARIS Aris Mining Corp. | New | 0.08% | +0.08 |
| RSG Republic Services Inc. | Add +17.2% | 0.23% | +0.08 |
| EFA iShares MSCI Eafe ETF | Add +14.3% | 0.21% | +0.06 |
| LVS Las Vegas Sands Corp. | New | 0.06% | +0.06 |
| RDDT Reddit Inc. Class A | New | 0.06% | +0.06 |
| FLSP Franklin Systematic Style PR | New | 0.06% | +0.06 |
| ENB Enbridge Inc. | Add +66.6% | 0.10% | +0.06 |
| DG Dollar General Corp. | New | 0.05% | +0.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +11.1% | 0.14% | +0.04 |
| SCHO Schwab Short-Term US Treas | Add +26.7% | 0.08% | +0.03 |
| QSR Restaurant Brands Intern | New | 0.03% | +0.03 |
| EMR Emerson Electric Co. | Add +12.2% | 0.10% | +0.03 |
| MFC Manulife Financial Corp. | Add +89.0% | 0.05% | +0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +6.9% | 0.11% | +0.03 |
| USIG iShares Broad Usd Investment | Add +15.7% | 0.09% | +0.03 |
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 |