Portfolio (Quarterly) Guide ↗

CUMBERLAND ADVISORS INC

· CIK 0001255435

13F Portfolio $255M AUM 48 positions Filed Apr 27, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 1 New 6 Added 15 Reduced

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	SPY	STATE STR SPDR S&P 500 ETF T	Financial Services	89,953.0	$58.5M	22.90%	+2K	+2.3%	$650.34	+17.5%
2	MDY	STATE STR SPDR S&P MIDCAP 40	Financial Services	44,807.0	$27.6M	10.82%	+860.0	+2.0%	$616.76	+10.0%
3	MSFT	MICROSOFT CORP	Technology	21,380.0	$7.9M	3.10%	+180.0	+0.8%	$370.17	+33.9%
4	BND	VANGUARD BD INDEX FDS	—	27,555.0	$2.0M	0.79%	+4K	+17.9%	$73.64	-3.3%
5	PFE	PFIZER INC	Healthcare	53,300.0	$1.5M	0.59%	+4K	+9.2%	$28.08	-1.3%
6	BSV	VANGUARD BD INDEX FDS	—	13,015.0	$1.0M	0.40%	+2K	+18.6%	$78.41	-2.1%

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Financial Services 60.4%

Industrials 13.8%

Technology 8.6%

Consumer Cyclical 5.9%

Communication Services 4.2%

Basic Materials 3.6%

Energy 2.1%

Healthcare 1.0%

Consumer Defensive 0.4%