Q2 2025 · 13F-HR
Cumberland Partners Ltdholdings as filed
Filed 2025-08-12 · accession 0001104659-25-076298
$1.44B
Reported value
169
Positions
2025-06-30
Period end
The Brief · Cumberland Partners Ltd · Q2 2025
AI · grounded in 13F
Cumberland Partners Ltd established a new position in MSFT valued at $86.2M. The fund also initiated new stakes in WMT for $71.3M and META for $63.1M. Additional new positions included NVDA at $61.6M, SPGI at $51.7M, and AMZN at $49.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $86.2M | 5.97% | 173,204 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $71.3M | 4.94% | 729,170 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $63.1M | 4.38% | 85,495 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $61.6M | 4.27% | 389,648 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $51.7M | 3.59% | 98,102 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $49.5M | 3.43% | 225,700 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $49.2M | 3.42% | 178,664 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $48.9M | 3.39% | 371,191 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $48.6M | 3.37% | 49,055 | Common | SOLE |
| 92826C839 | V | VISA INC | $48.2M | 3.35% | 135,895 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $38.2M | 2.65% | 107,093 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $34.6M | 2.40% | 73,678 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $34.2M | 2.37% | 60,876 | Common | SOLE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $31.2M | 2.16% | 392,406 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $30.4M | 2.11% | 171,228 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $29.6M | 2.05% | 135,232 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $28.5M | 1.98% | 36,602 | Common | SOLE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $26.7M | 1.85% | 83,494 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $23.5M | 1.63% | 86,153 | Common | SOLE |
| 884903808 | TRI4EUR | THOMSON REUTERS CORP | $22.8M | 1.58% | 113,254 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $22.6M | 1.57% | 61,680 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $20.7M | 1.44% | 46,570 | Common | SOLE |
| 85472N109 | STN | STANTEC INC | $18.7M | 1.30% | 172,163 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $17.2M | 1.19% | 97,489 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $16.2M | 1.12% | 179,961 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $14.6M | 1.02% | 79,961 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $14.5M | 1.01% | 195,432 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $14.4M | 1.00% | 160,530 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $13.5M | 0.93% | 65,615 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $11.6M | 0.80% | 15,820 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $11.6M | 0.80% | 63,545 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $10.9M | 0.75% | 104,438 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $10.1M | 0.70% | 37,849 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $9.3M | 0.65% | 41,102 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $8.9M | 0.61% | 47,585 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $8.8M | 0.61% | 125,311 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $8.1M | 0.56% | 27,010 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $7.8M | 0.54% | 35,695 | Common | SOLE |
| 701094104 | PH | PARKER-HANNIFIN CORP | $7.4M | 0.51% | 10,606 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $7.4M | 0.51% | 100,558 | Common | SOLE |
| 249906108 | DSGX | DESCARTES SYS GROUP INC | $7.1M | 0.50% | 70,409 | Common | SOLE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $7.1M | 0.49% | 16,895 | Common | SOLE |
| 30212P303 | EXPE | EXPEDIA GROUP INC | $6.9M | 0.48% | 41,160 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $6.9M | 0.48% | 26,765 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $6.8M | 0.47% | 376,705 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $6.7M | 0.47% | 68,229 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $6.7M | 0.46% | 35,960 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $6.5M | 0.45% | 243,360 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $6.4M | 0.44% | 36,800 | Common | SOLE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVT TR | $6.2M | 0.43% | 123,210 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $5.8M | 0.40% | 18,970 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $5.5M | 0.38% | 2,100 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.4M | 0.38% | 58,000 | Common | SOLE |
| 253868103 | DLR | DIGITAL RLTY TR INC | $5.4M | 0.37% | 31,010 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $5.3M | 0.37% | 5,050 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $5.1M | 0.36% | 10,105 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $4.8M | 0.33% | 152,947 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $4.7M | 0.32% | 25,102 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $4.6M | 0.32% | 14,720 | Common | SOLE |
| 82889N657 | TUA | SIMPLIFY EXCHANGE TRADED FUN | $4.6M | 0.32% | 206,803 | Common | SOLE |
| 34959E109 | FTNT | FORTINET INC | $4.2M | 0.29% | 40,000 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $4.1M | 0.28% | 8,392 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $4.1M | 0.28% | 108,300 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $4.0M | 0.28% | 7,000 | Common | SOLE |
| 464289180 | EUFN | ISHARES TR | $4.0M | 0.28% | 127,435 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $4.0M | 0.28% | 84,435 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $3.9M | 0.27% | 70,790 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $3.9M | 0.27% | 22,465 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $3.9M | 0.27% | 364,700 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $3.8M | 0.26% | 12,248 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $3.6M | 0.25% | 12,500 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $3.6M | 0.25% | 29,045 | Common | SOLE |
| G0403H108 | AON | AON PLC | $3.5M | 0.24% | 9,880 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $3.5M | 0.24% | 23,781 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $3.4M | 0.23% | 13,000 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $3.2M | 0.23% | 14,025 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $3.2M | 0.22% | 2,390 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $3.0M | 0.21% | 10,405 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $3.0M | 0.21% | 15,500 | Common | SOLE |
| 82889N699 | CTA | SIMPLIFY EXCHANGE TRADED FUN | $3.0M | 0.21% | 112,220 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $2.9M | 0.20% | 500 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $2.9M | 0.20% | 27,839 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $2.8M | 0.19% | 18,000 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $2.8M | 0.19% | 22,518 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $2.8M | 0.19% | 7,216 | Common | SOLE |
| 464287465 | EFA | ISHARES TR | $2.6M | 0.18% | 29,168 | Common | SOLE |
| 62944T105 | NVR | NVR INC | $2.6M | 0.18% | 350 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $2.5M | 0.18% | 5,250 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $2.5M | 0.17% | 27,680 | Common | SOLE |
| 25754A201 | DPZ | DOMINOS PIZZA INC | $2.5M | 0.17% | 5,500 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $2.4M | 0.17% | 44,231 | Common | SOLE |
| 88262P102 | TPL | TEXAS PACIFIC LAND CORPORATI | $2.4M | 0.16% | 2,250 | Common | SOLE |
| G25839104 | CCEP | COCA-COLA EUROPACIFIC PARTNE | $2.3M | 0.16% | 25,140 | Common | SOLE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $2.3M | 0.16% | 34,686 | Common | SOLE |
| 063671101 | BMO | BANK MONTREAL QUE | $2.3M | 0.16% | 20,801 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $2.3M | 0.16% | 6,000 | Common | SOLE |
| 16359R103 | CHE | CHEMED CORP NEW | $2.2M | 0.15% | 4,500 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $2.2M | 0.15% | 16,350 | Common | SOLE |
| 760759100 | RSG | REPUBLIC SVCS INC | $2.2M | 0.15% | 8,800 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $2.1M | 0.15% | 2,750 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $2.0M | 0.14% | 37,500 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $2.0M | 0.14% | 24,800 | Common | SOLE |
| 115236101 | BRO | BROWN & BROWN INC | $1.9M | 0.13% | 17,500 | Common | SOLE |
| 642045108 | AESI | ATLAS ENERGY SOLUTIONS INC | $1.9M | 0.13% | 144,900 | Common | SOLE |
| G87110105 | FTI | TECHNIPFMC PLC | $1.9M | 0.13% | 55,000 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $1.9M | 0.13% | 76,600 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $1.8M | 0.12% | 11,800 | Common | SOLE |
| 656811106 | NOA | NORTH AMERN CONSTR GROUP LTD | $1.8M | 0.12% | 110,100 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $1.7M | 0.12% | 14,495 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $1.6M | 0.11% | 1,750 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $1.6M | 0.11% | 11,500 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $1.5M | 0.11% | 15,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $1.5M | 0.11% | 112,500 | Common | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $1.5M | 0.10% | 2,750 | Common | SOLE |
| 464288638 | IGIB | ISHARES TR | $1.5M | 0.10% | 27,255 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC | $1.4M | 0.10% | 8,000 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.4M | 0.10% | 4,000 | Common | SOLE |
| 754730109 | RJF | RAYMOND JAMES FINL INC | $1.4M | 0.10% | 9,100 | Common | SOLE |
| 921937835 | BND | VANGUARD BD INDEX FDS | $1.4M | 0.10% | 18,640 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $1.4M | 0.09% | 16,500 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $1.4M | 0.09% | 25,855 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $1.4M | 0.09% | 3,500 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $1.3M | 0.09% | 5,000 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $1.3M | 0.09% | 5,500 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $1.3M | 0.09% | 17,535 | Common | SOLE |
| 808524862 | SCHO | SCHWAB STRATEGIC TR | $1.3M | 0.09% | 52,980 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $1.3M | 0.09% | 8,000 | Common | SOLE |
| 533900106 | LECO | LINCOLN ELEC HLDGS INC | $1.2M | 0.08% | 5,900 | Common | SOLE |
| 349553107 | FTS | FORTIS INC | $1.2M | 0.08% | 25,300 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $1.2M | 0.08% | 4,060 | Common | SOLE |
| 46435G474 | FALN | ISHARES TR | $1.2M | 0.08% | 43,300 | Common | SOLE |
| 02209S103 | MO | ALTRIA GROUP INC | $1.1M | 0.08% | 18,650 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $1.1M | 0.07% | 7,250 | Common | SOLE |
| 46138G508 | BKLN | INVESCO EXCH TRADED FD TR II | $1.0M | 0.07% | 50,000 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BK COMM | $1.0M | 0.07% | 14,407 | Common | SOLE |
| 525327102 | LDOS | LEIDOS HOLDINGS INC | $946,560 | 0.07% | 6,000 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $943,789 | 0.07% | 9,350 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $921,480 | 0.06% | 7,750 | Common | SOLE |
| 084423102 | WRB | BERKLEY W R CORP | $864,375 | 0.06% | 11,765 | Common | SOLE |
| 464288620 | USIG | ISHARES TR | $859,563 | 0.06% | 16,710 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER BUSCH INBEV SA/NV | $859,000 | 0.06% | 12,500 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $831,028 | 0.06% | 1,463 | Common | SOLE |
| 61174X109 | MNST | MONSTER BEVERAGE CORP NEW | $769,344 | 0.05% | 12,282 | Common | SOLE |
| 942749102 | WTS | WATTS WATER TECHNOLOGIES INC | $737,670 | 0.05% | 3,000 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $691,038 | 0.05% | 60,300 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $582,953 | 0.04% | 12,860 | Common | SOLE |
| 85208M102 | SFM | SPROUTS FMRS MKT INC | $576,240 | 0.04% | 3,500 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $558,264 | 0.04% | 10,660 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $514,900 | 0.04% | 5,000 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $490,740 | 0.03% | 1,000 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $483,368 | 0.03% | 3,100 | Common | SOLE |
| 464288653 | TLH | ISHARES TR | $479,044 | 0.03% | 4,715 | Common | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEW | $469,200 | 0.03% | 46,800 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $447,497 | 0.03% | 9,100 | Common | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $443,647 | 0.03% | 27,664 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC | $377,340 | 0.03% | 5,700 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $374,479 | 0.03% | 2,815 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $371,085 | 0.03% | 3,500 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $344,641 | 0.02% | 850 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $338,257 | 0.02% | 2,828 | Common | SOLE |
| 78467V608 | SRLN | SSGA ACTIVE ETF TR | $303,815 | 0.02% | 7,305 | Common | SOLE |
| 78468R408 | SJNK | SPDR SERIES TRUST | $296,587 | 0.02% | 11,640 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $275,620 | 0.02% | 1,000 | Common | SOLE |
| 26923G822 | PFFA | ETFIS SER TR I | $264,541 | 0.02% | 12,700 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $257,975 | 0.02% | 1,637 | Common | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $252,781 | 0.02% | 761 | Common | SOLE |
| 78468R606 | SPHY | SPDR SERIES TRUST | $247,758 | 0.02% | 10,410 | Common | SOLE |
| 46434V407 | SHYG | ISHARES TR | $220,445 | 0.02% | 5,110 | Common | SOLE |
| 464288687 | PFF | ISHARES TR | $215,680 | 0.01% | 7,030 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.