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CUMBERLAND ADVISORS INC

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13F filer, CIK 1255435, SARASOTA, FL

CUMBERLAND ADVISORS INC reported $260,515,001 across 48 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 66.6% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-003075

Period
2025-09-30
Reported value
$261M
Holdings
48
Top 10 weight
66.6%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
KIEadded+58,360$3.46M
SPYadded+2,575$1.72M
BRK-Badded+493$248K
GOOGLadded+900$219K
TSLAadded+450$200K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VUGreduced-840-$403K
XARreduced-1,397-$328K
MDYreduced-400-$238K
CMCSAexited-6,100-$218K
PSTreduced-8,760-$194K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001420506-25-003075, largest first. % of portfolio is the value over $260,515,001, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,407 shares; 2024Q4: 89,217 shares; 2025Q1: 86,748 shares; 2025Q2: 88,318 shares; 2025Q3: 90,893 shares 90,893$60.6M23.24%+2,575Timeline
MDYSTATE STR SPDR S&P MIDCAP 40Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,367 shares; 2024Q4: 49,482 shares; 2025Q1: 48,437 shares; 2025Q2: 44,702 shares; 2025Q3: 44,302 shares 44,302$26.4M10.14%-400Timeline
XARSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,864 shares; 2024Q4: 144,379 shares; 2025Q1: 111,149 shares; 2025Q2: 80,694 shares; 2025Q3: 79,297 shares 79,297$18.6M7.15%-1,397Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,395 shares; 2024Q4: 27,465 shares; 2025Q1: 27,401 shares; 2025Q2: 27,576 shares; 2025Q3: 28,069 shares 28,069$14.1M5.42%+493Timeline
ACWXISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,455 shares; 2024Q4: 147,935 shares; 2025Q1: 149,165 shares; 2025Q2: 169,465 shares; 2025Q3: 170,695 shares 170,695$11.1M4.26%+1,230Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,145 shares; 2024Q4: 19,985 shares; 2025Q1: 19,985 shares; 2025Q2: 19,925 shares; 2025Q3: 19,945 shares 19,945$10.3M3.97%+20Timeline
IBBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,953 shares; 2024Q4: 74,073 shares; 2025Q1: 73,443 shares; 2025Q2: 65,918 shares; 2025Q3: 65,398 shares 65,398$9.44M3.62%-520Timeline
IHIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,200 shares; 2024Q4: 99,450 shares; 2025Q1: 143,860 shares; 2025Q2: 130,965 shares; 2025Q3: 130,950 shares 130,950$7.87M3.02%-15Timeline
URIUNITED RENTALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,395 shares; 2024Q4: 8,375 shares; 2025Q1: 8,325 shares; 2025Q2: 8,150 shares; 2025Q3: 8,110 shares 8,110$7.74M2.97%-40Timeline
KIESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 65,330 shares; 2025Q3: 123,690 shares 123,690$7.34M2.82%+58,360Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,805 shares; 2024Q4: 137,040 shares; 2025Q1: 67,605 shares; 2025Q2: 61,370 shares; 2025Q3: 61,315 shares 61,315$7.29M2.8%-55Timeline
VUGVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,930 shares; 2024Q4: 15,625 shares; 2025Q1: 15,673 shares; 2025Q2: 15,658 shares; 2025Q3: 14,818 shares 14,818$7.11M2.73%-840Timeline
XLISELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,400 shares; 2024Q4: 37,920 shares; 2025Q1: 37,891 shares; 2025Q2: 38,206 shares; 2025Q3: 38,731 shares 38,731$5.97M2.29%+525Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,450 shares; 2024Q4: 8,450 shares; 2025Q1: 7,964 shares; 2025Q2: 7,700 shares; 2025Q3: 7,700 shares 7,700$5.65M2.17%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,150 shares; 2024Q4: 20,150 shares; 2025Q1: 20,181 shares; 2025Q2: 20,150 shares; 2025Q3: 20,150 shares 20,150$4.91M1.88%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,487 shares; 2024Q4: 19,487 shares; 2025Q1: 19,406 shares; 2025Q2: 19,228 shares; 2025Q3: 19,205 shares 19,205$4.89M1.88%-23Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,850 shares; 2024Q4: 9,850 shares; 2025Q1: 9,553 shares; 2025Q2: 9,550 shares; 2025Q3: 9,550 shares 9,550$4.56M1.75%0Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,930 shares; 2024Q4: 1,930 shares; 2025Q1: 1,930 shares; 2025Q2: 1,930 shares; 2025Q3: 1,930 shares 1,930$4.51M1.73%0Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,850 shares; 2024Q4: 91,350 shares; 2025Q1: 91,350 shares; 2025Q2: 91,350 shares; 2025Q3: 91,350 shares 91,350$3.58M1.38%0Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,550 shares; 2024Q4: 8,550 shares; 2025Q1: 8,550 shares; 2025Q2: 8,250 shares; 2025Q3: 8,250 shares 8,250$3.48M1.34%0Timeline
EWCISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,345 shares; 2024Q4: 54,510 shares; 2025Q1: 53,570 shares; 2025Q2: 53,650 shares; 2025Q3: 53,560 shares 53,560$2.71M1.04%-90Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,200 shares; 2024Q4: 51,200 shares; 2025Q1: 51,239 shares; 2025Q2: 51,200 shares; 2025Q3: 51,200 shares 51,200$2.64M1.01%0Timeline
EWTISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,460 shares; 2024Q4: 39,700 shares; 2025Q1: 39,700 shares; 2025Q2: 39,855 shares; 2025Q3: 39,915 shares 39,915$2.54M0.97%+60Timeline
EWJISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,587 shares; 2024Q4: 30,930 shares; 2025Q1: 30,930 shares; 2025Q2: 30,780 shares; 2025Q3: 30,745 shares 30,745$2.47M0.95%-35Timeline
FDXFEDEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,175 shares; 2024Q4: 10,175 shares; 2025Q1: 10,175 shares; 2025Q2: 10,175 shares; 2025Q3: 10,175 shares 10,175$2.4M0.92%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,680 shares; 2024Q4: 9,680 shares; 2025Q1: 9,718 shares; 2025Q2: 9,680 shares; 2025Q3: 9,880 shares 9,880$2.17M0.83%+200Timeline
MMACYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,510 shares; 2024Q4: 117,510 shares; 2025Q1: 115,510 shares; 2025Q2: 115,510 shares; 2025Q3: 115,510 shares 115,510$2.07M0.79%0Timeline
INDAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,515 shares; 2024Q4: 37,680 shares; 2025Q1: 37,680 shares; 2025Q2: 37,775 shares; 2025Q3: 38,085 shares 38,085$1.98M0.76%+310Timeline
OXYOCCIDENTAL PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,500 shares; 2024Q4: 38,500 shares; 2025Q1: 40,502 shares; 2025Q2: 40,500 shares; 2025Q3: 39,500 shares 39,500$1.87M0.72%-1,000Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,250 shares; 2024Q4: 16,250 shares; 2025Q1: 16,258 shares; 2025Q2: 15,850 shares; 2025Q3: 15,850 shares 15,850$1.81M0.7%0Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 68,823 shares; 2025Q2: 68,800 shares; 2025Q3: 64,800 shares 64,800$1.65M0.63%-4,000Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,675 shares; 2024Q4: 10,625 shares; 2025Q1: 9,225 shares; 2025Q2: 9,225 shares; 2025Q3: 9,125 shares 9,125$1.63M0.63%-100Timeline
BNDVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,620 shares; 2024Q4: 13,075 shares; 2025Q1: 19,005 shares; 2025Q2: 20,085 shares; 2025Q3: 20,985 shares 20,985$1.56M0.6%+900Timeline
MATMATTEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,800 shares; 2024Q4: 81,800 shares; 2025Q1: 81,800 shares; 2025Q2: 80,000 shares; 2025Q3: 79,000 shares 79,000$1.33M0.51%-1,000Timeline
TFISPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,445 shares; 2024Q4: 23,475 shares; 2025Q1: 24,005 shares; 2025Q2: 21,625 shares; 2025Q3: 23,460 shares 23,460$1.07M0.41%+1,835Timeline
BSVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,390 shares; 2024Q4: 9,435 shares; 2025Q1: 9,260 shares; 2025Q2: 9,650 shares; 2025Q3: 10,070 shares 10,070$795K0.31%+420Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,300 shares; 2024Q4: 10,800 shares; 2025Q1: 10,821 shares; 2025Q2: 10,800 shares; 2025Q3: 8,800 shares 8,800$738K0.28%-2,000Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,580 shares; 2024Q4: 1,580 shares; 2025Q1: 1,587 shares; 2025Q2: 1,580 shares; 2025Q3: 2,480 shares 2,480$603K0.23%+900Timeline
PSTPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,800 shares; 2024Q4: 33,000 shares; 2025Q1: 33,000 shares; 2025Q2: 33,000 shares; 2025Q3: 24,240 shares 24,240$537K0.21%-8,760Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 660 shares; 2025Q1: not reported; 2025Q2: 660 shares; 2025Q3: 1,110 shares 1,110$494K0.19%+450Timeline
MUBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,910 shares; 2024Q4: 3,205 shares; 2025Q1: 3,265 shares; 2025Q2: 2,890 shares; 2025Q3: 3,095 shares 3,095$330K0.13%+205Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,350 shares; 2024Q4: 1,350 shares; 2025Q1: 1,367 shares; 2025Q2: 1,000 shares; 2025Q3: 1,000 shares 1,000$315K0.12%0Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 3,000 shares; 2025Q1: 3,084 shares; 2025Q2: 3,069 shares; 2025Q3: 3,000 shares 3,000$309K0.12%-69Timeline
EEMVISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,290 shares; 2024Q4: 4,290 shares; 2025Q1: 4,270 shares; 2025Q2: 4,270 shares; 2025Q3: 4,770 shares 4,770$304K0.12%+500Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,661 shares; 2024Q4: 3,661 shares; 2025Q1: 3,672 shares; 2025Q2: 3,661 shares; 2025Q3: 3,661 shares 3,661$243K0.09%0Timeline
VGKVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,420 shares; 2024Q4: 4,420 shares; 2025Q1: 2,880 shares; 2025Q2: 2,880 shares; 2025Q3: 2,900 shares 2,900$231K0.09%+20Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 640 shares; 2025Q1: 650 shares; 2025Q2: 640 shares; 2025Q3: 640 shares 640$218K0.08%0Timeline
OPKOPKO HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,500 shares; 2024Q4: 19,500 shares; 2025Q1: 19,500 shares; 2025Q2: 19,500 shares; 2025Q3: 19,500 shares 19,500$30.2K0.01%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CMCSACOMCAST CORP NEW6,100$218Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-003075 base2025-11-12acceptance time not in the bulk data set