Cumberland Partners Ltd 13F annual report
Cumberland Partners Ltd is an investment fund managing more than $1.37 trillion ran by Katherine Varik. There are currently 164 companies in Mrs. Varik’s portfolio. The largest investments include Microsoft and Meta Platforms Inc, together worth $140 billion.
$1.37 trillion Assets Under Management (AUM)
As of 6th August 2024, Cumberland Partners Ltd’s top holding is 177,895 shares of Microsoft currently worth over $79.5 billion and making up 5.8% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Cumberland Partners Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 119,797 shares of Meta Platforms Inc worth $60.4 billion, whose value grew 12.1% in the past six months.
The third-largest holding is Eaton Corp Plc worth $54.4 billion and the next is Alphabet Inc worth $74.7 billion, with 408,425 shares owned.
Currently, Cumberland Partners Ltd's portfolio is worth at least $1.37 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cumberland Partners Ltd
The Cumberland Partners Ltd office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Katherine Varik serves as the Chief Compliance Officer at Cumberland Partners Ltd.
Recent trades
In the most recent 13F filing, Cumberland Partners Ltd revealed that it had opened a new position in
Schwab Charles Corp and bought 156,898 shares worth $11.6 billion.
The investment fund also strengthened its position in Meta Platforms Inc by buying
12,354 additional shares.
This makes their stake in Meta Platforms Inc total 119,797 shares worth $60.4 billion.
Meta Platforms Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Cumberland Partners Ltd is getting rid of from its portfolio.
Cumberland Partners Ltd closed its position in Starbucks on 13th August 2024.
It sold the previously owned 68,703 shares for $6.28 billion.
Katherine Varik also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $79.5 billion and 177,895 shares.
One of the largest hedge funds
The two most similar investment funds to Cumberland Partners Ltd are Cadence Bank and Global Alpha Capital Management. They manage $1.37 trillion and $1.37 trillion respectively.
Katherine Varik investment strategy
Cumberland Partners Ltd’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 19.7% of
the total portfolio value.
The fund focuses on investments in the United States as
46.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
51% of the total holdings value.
On the other hand, small-cap stocks make up only 1.2% of the portfolio.
The average market cap of the portfolio companies is close to $142 billion.
The complete list of Cumberland Partners Ltd trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
4.99%
177,895
|
$79,510,170,000 | 5.80% |
| Meta Platforms Inc |
11.50%
119,797
|
$60,404,043,000 | 4.41% |
| Eaton Corp Plc |
6.53%
173,653
|
$54,448,898,000 | 3.97% |
| Alphabet Inc |
4.83%
408,425
|
$74,745,792,000 | 5.45% |
| Walmart Inc |
11.00%
658,162
|
$44,564,148,000 | 3.25% |
| S&P Global Inc |
1.95%
98,979
|
$44,144,634,000 | 3.22% |
| Royal Bk Cda |
1.93%
403,427
|
$42,928,225,000 | 3.13% |
| Costco Whsl Corp New |
2.87%
48,930
|
$41,590,011,000 | 3.03% |
| Visa Inc |
1.26%
154,637
|
$40,587,574,000 | 2.96% |
| Thomson-Reuters Corp |
2.77%
213,172
|
$35,911,226,000 | 2.62% |
| Amazon.com Inc. |
0.22%
180,426
|
$34,867,326,000 | 2.54% |
| Canadian Pacific Kansas City |
0.64%
438,870
|
$34,541,664,000 | 2.52% |
| Linde Plc. |
1.74%
74,716
|
$32,786,128,000 | 2.39% |
| Apple Inc |
8.56%
153,218
|
$32,270,775,000 | 2.35% |
| Canadian Natl Ry Co |
3.23%
261,783
|
$30,916,391,000 | 2.26% |
| Marsh & McLennan Cos., Inc. |
1.70%
140,476
|
$29,601,102,000 | 2.16% |
| Home Depot, Inc. |
2.92%
81,254
|
$27,970,877,000 | 2.04% |
| Thermo Fisher Scientific Inc. |
2.70%
49,368
|
$27,300,504,000 | 1.99% |
| Mastercard Incorporated |
2.20%
60,994
|
$26,908,113,000 | 1.96% |
| TFI International Inc |
9.78%
184,041
|
$26,705,892,000 | 1.95% |
| Unitedhealth Group Inc |
18.50%
51,256
|
$26,102,631,000 | 1.90% |
| Applied Matls Inc |
3.58%
109,231
|
$25,777,424,000 | 1.88% |
| Gallagher Arthur J & Co |
2.20%
93,693
|
$24,295,532,000 | 1.77% |
| Novo-nordisk A S |
3.05%
149,653
|
$21,361,469,000 | 1.56% |
| Analog Devices Inc. |
1.03%
81,042
|
$18,498,647,000 | 1.35% |
| Vertex Pharmaceuticals, Inc. |
2.48%
28,659
|
$13,433,046,000 | 0.98% |
| Cameco Corp. |
0.02%
270,703
|
$13,314,035,000 | 0.97% |
| Oreilly Automotive Inc |
6.50%
12,215
|
$12,899,773,000 | 0.94% |
| Blackrock Inc. |
11.93%
15,406
|
$12,129,451,000 | 0.88% |
| Broadcom Inc |
3.10%
7,361
|
$11,818,306,000 | 0.86% |
| Schwab Charles Corp |
Opened
156,898
|
$11,561,814,000 | 0.84% |
| Elevance Health Inc |
3.41%
19,241
|
$10,425,928,000 | 0.76% |
| Asml Holding N V |
128.23%
9,362
|
$9,574,798,000 | 0.70% |
| Cadence Design System Inc |
2,895.44%
28,876
|
$8,886,590,000 | 0.65% |
| Ares Management Corp |
5.25%
65,955
|
$8,790,482,000 | 0.64% |
| Taiwan Semiconductor Mfg Ltd |
0.86%
47,152
|
$8,195,489,000 | 0.60% |
| Accenture Plc Ireland |
59.16%
26,869
|
$8,152,324,000 | 0.59% |
| Descartes Sys Group Inc |
25.04%
82,838
|
$8,024,070,000 | 0.59% |
| Howmet Aerospace Inc. |
7.38%
100,305
|
$7,786,677,000 | 0.57% |
| Canadian Nat Res Ltd |
91.89%
210,376
|
$7,490,866,000 | 0.55% |
| Abbvie Inc |
50.59%
42,847
|
$7,349,118,000 | 0.54% |
| Eli Lilly & Co |
17.71%
8,042
|
$7,281,066,000 | 0.53% |
| Motorola Solutions Inc |
38.83%
18,110
|
$6,991,366,000 | 0.51% |
| Simplify Exchange Traded Fun |
11.02%
425,294
|
$9,408,338,000 | 0.69% |
| Avery Dennison Corp. |
2.74%
30,475
|
$6,663,358,000 | 0.49% |
| Starbucks Corp. |
Closed
68,703
|
$6,278,768,000 | |
| Southern Copper Corporation |
64.10%
57,639
|
$6,210,026,000 | 0.45% |
| Mckesson Corporation |
8.67%
10,535
|
$6,152,862,000 | 0.45% |
| Gentex Corp. |
10.67%
181,615
|
$6,122,241,000 | 0.45% |
| Energy Transfer L P |
No change
366,705
|
$5,947,955,000 | 0.43% |
| Carrier Global Corporation |
12.56%
91,060
|
$5,744,065,000 | 0.42% |
| Booz Allen Hamilton Hldg Cor |
No change
37,055
|
$5,702,765,000 | 0.42% |
| FirstService Corp |
0.74%
36,770
|
$5,594,705,000 | 0.41% |
| Parker-Hannifin Corp. |
1.87%
10,976
|
$5,551,770,000 | 0.40% |
| Icon Plc |
82.98%
16,990
|
$5,325,856,000 | 0.39% |
| Eastman Chem Co |
Opened
51,535
|
$5,048,884,000 | 0.37% |
| Airbnb, Inc. |
10.33%
32,040
|
$4,858,225,000 | 0.35% |
| Deckers Outdoor Corp. |
1.49%
4,758
|
$4,605,507,000 | 0.34% |
| Ferguson Plc New |
No change
23,740
|
$4,569,483,000 | 0.33% |
| Alamos Gold Inc. |
20.68%
275,200
|
$4,315,995,000 | 0.31% |
| Waste Connections Inc |
4.75%
24,140
|
$4,234,534,000 | 0.31% |
| Arch Cap Group Ltd |
313.80%
41,380
|
$4,174,829,000 | 0.30% |
| Toronto Dominion Bk Ont |
17.96%
71,143
|
$3,908,156,000 | 0.29% |
| Salesforce Inc |
36.04%
15,100
|
$3,882,210,000 | 0.28% |
| Berkshire Hathaway Inc. |
1.29%
9,465
|
$3,850,362,000 | 0.28% |
| Aon plc. |
Closed
11,391
|
$3,801,404,000 | |
| Vanguard Scottsdale Fds |
5.48%
48,960
|
$3,783,385,000 | 0.28% |
| Hudbay Minerals Inc. |
34.50%
416,275
|
$3,766,198,000 | 0.27% |
| Danaher Corp. |
0.04%
14,462
|
$3,613,331,000 | 0.26% |
| Pembina Pipeline Corporation |
3.80%
94,383
|
$3,500,394,000 | 0.26% |
| Bank Nova Scotia Halifax |
1.24%
75,579
|
$3,455,084,000 | 0.25% |
| Mcdonalds Corp |
Closed
11,766
|
$3,317,424,000 | |
| Toll Brothers Inc. |
54.84%
28,795
|
$3,316,608,000 | 0.24% |
| Tempur Sealy International Inc |
42.58%
69,780
|
$3,303,385,000 | 0.24% |
| MercadoLibre Inc |
17.65%
2,000
|
$3,286,800,000 | 0.24% |
| Stag Indl Inc |
Closed
76,680
|
$2,947,579,000 | |
| Rogers Communications Inc. |
84.81%
77,225
|
$2,854,595,000 | 0.21% |
| Viatris Inc. |
Closed
235,250
|
$2,808,885,000 | |
| North Amern Constr Group Ltd |
No change
143,500
|
$2,766,492,000 | 0.20% |
| Apollo Global Mgmt Inc |
No change
23,000
|
$2,715,610,000 | 0.20% |
| Sysco Corp. |
527.50%
37,650
|
$2,687,834,000 | 0.20% |
| Pepsico Inc |
17.67%
15,700
|
$2,589,401,000 | 0.19% |
| Wix.com Ltd |
14.29%
16,000
|
$2,545,120,000 | 0.19% |
| Netflix Inc. |
713.48%
3,620
|
$2,443,066,000 | 0.18% |
| GSK Plc |
73.61%
62,500
|
$2,406,250,000 | 0.18% |
| Comcast Corp New |
Closed
55,500
|
$2,405,925,000 | |
| Hilton Worldwide Holdings Inc |
22.22%
11,000
|
$2,400,200,000 | 0.18% |
| Atlas Energy Solutions Inc |
Opened
116,300
|
$2,317,859,000 | 0.17% |
| Digital Rlty Tr Inc |
29.14%
15,165
|
$2,305,839,000 | 0.17% |
| Bank America Corp |
11.28%
57,610
|
$2,291,150,000 | 0.17% |
| Agilent Technologies Inc. |
45.14%
17,275
|
$2,239,359,000 | 0.16% |
| Napco Sec Technologies Inc |
41.67%
42,500
|
$2,207,875,000 | 0.16% |
| Autozone Inc. |
26.09%
725
|
$2,148,973,000 | 0.16% |
| Cisco Sys Inc |
34.57%
44,500
|
$2,114,195,000 | 0.15% |
| Fomento Economico Mexicano S |
15.15%
19,000
|
$2,045,350,000 | 0.15% |
| Enbridge Inc |
34.50%
56,115
|
$1,995,741,000 | 0.15% |
| Kinsale Cap Group Inc |
233.33%
5,000
|
$1,926,400,000 | 0.14% |
| Republic Svcs Inc |
10.34%
9,600
|
$1,865,664,000 | 0.14% |
| Applovin Corp |
37.50%
22,000
|
$1,830,840,000 | 0.13% |
| NVR Inc. |
6.67%
240
|
$1,821,254,000 | 0.13% |
| Spdr Gold Tr |
30.78%
8,435
|
$1,813,609,000 | 0.13% |
| Intuit Inc |
51.52%
2,750
|
$1,807,328,000 | 0.13% |
| CVS Health Corp |
11.82%
30,395
|
$1,795,129,000 | 0.13% |
| NVIDIA Corp |
1,164.42%
14,250
|
$1,760,445,000 | 0.13% |
| CME Group Inc |
Closed
8,000
|
$1,722,320,000 | |
| Allison Transmission Hldgs I |
12.50%
22,500
|
$1,707,750,000 | 0.12% |
| Cardinal Health, Inc. |
Closed
14,537
|
$1,626,690,000 | |
| Vanguard Bd Index Fds |
0.27%
37,470
|
$2,769,255,000 | 0.20% |
| Fortinet Inc |
89.29%
26,500
|
$1,597,155,000 | 0.12% |
| Booking Holdings Inc |
14.29%
400
|
$1,584,600,000 | 0.12% |
| Telus Corp. |
81.99%
103,444
|
$1,565,536,000 | 0.11% |
| Target Corp |
101.92%
10,500
|
$1,554,420,000 | 0.11% |
| Corpay Inc |
No change
5,750
|
$1,531,858,000 | 0.11% |
| Adobe Inc |
46.18%
2,718
|
$1,509,958,000 | 0.11% |
| Cigna Group (The) |
132.44%
4,500
|
$1,487,565,000 | 0.11% |
| Tradeweb Mkts Inc |
Opened
14,000
|
$1,484,000,000 | 0.11% |
| Spdr Ser Tr |
Closed
58,279
|
$1,619,268,000 | |
| Godaddy Inc |
No change
10,000
|
$1,397,100,000 | 0.10% |
| Applied Indl Technologies In |
75.00%
7,000
|
$1,358,000,000 | 0.10% |
| Caseys Gen Stores Inc |
Closed
4,250
|
$1,353,413,000 | |
| Electronic Arts, Inc. |
Closed
10,000
|
$1,326,700,000 | |
| HCA Healthcare Inc |
Opened
4,000
|
$1,285,120,000 | 0.09% |
| Lincoln Elec Hldgs Inc |
30.77%
6,800
|
$1,282,752,000 | 0.09% |
| Builders Firstsource Inc |
131.25%
9,250
|
$1,280,293,000 | 0.09% |
| Fortis Inc. |
4.17%
32,500
|
$1,262,853,000 | 0.09% |
| MSCI Inc |
Closed
2,250
|
$1,261,013,000 | |
| Becton Dickinson & Co. |
32.53%
5,300
|
$1,238,663,000 | 0.09% |
| Ishares Tr |
Opened
50,410
|
$1,425,698,000 | 0.10% |
| Emerson Elec Co |
11.61%
10,950
|
$1,206,252,000 | 0.09% |
| Berkley W R Corp |
Closed
13,000
|
$1,149,720,000 | |
| Monster Beverage Corp. |
9.89%
22,782
|
$1,137,961,000 | 0.08% |
| International Business Machs |
Opened
6,400
|
$1,106,880,000 | 0.08% |
| Bank Montreal Que |
1.54%
13,161
|
$1,103,993,000 | 0.08% |
| Invesco Exch Traded Fd Tr Ii |
Closed
12,305
|
$1,079,640,000 | |
| Lululemon Athletica inc. |
Closed
2,750
|
$1,074,288,000 | |
| Freeport-McMoRan Inc |
38.99%
22,100
|
$1,074,060,000 | 0.08% |
| Invesco Exch Traded Fd Tr Ii |
150.00%
50,000
|
$1,052,000,000 | 0.08% |
| Johnson & Johnson |
43.96%
7,100
|
$1,037,736,000 | 0.08% |
| Texas Pacific Land Corporati |
Opened
1,400
|
$1,027,978,000 | 0.07% |
| Cboe Global Mkts Inc |
No change
6,000
|
$1,020,360,000 | 0.07% |
| Philip Morris International Inc |
Opened
10,000
|
$1,013,300,000 | 0.07% |
| West Fraser Timber Co Ltd |
Closed
11,700
|
$1,011,219,000 | |
| Centene Corp. |
Closed
12,672
|
$994,499,000 | |
| Medpace Holdings Inc |
6.67%
2,400
|
$988,440,000 | 0.07% |
| Veren Inc. |
Opened
121,600
|
$958,866,000 | 0.07% |
| Ross Stores, Inc. |
Closed
6,500
|
$953,940,000 | |
| Paychex Inc. |
60.00%
8,000
|
$948,480,000 | 0.07% |
| Dominos Pizza Inc |
Closed
1,900
|
$944,072,000 | |
| Murphy USA Inc |
Closed
2,250
|
$943,200,000 | |
| Spotify Technology S.A. |
Opened
3,000
|
$941,370,000 | 0.07% |
| Lockheed Martin Corp. |
Opened
2,000
|
$934,200,000 | 0.07% |
| Emcor Group, Inc. |
37.50%
2,500
|
$912,700,000 | 0.07% |
| Teck Resources Ltd |
Closed
19,900
|
$911,161,000 | |
| Raymond James Finl Inc |
30.36%
7,300
|
$902,353,000 | 0.07% |
| T-Mobile US, Inc. |
Closed
5,500
|
$897,710,000 | |
| Public Storage Oper Co |
Opened
3,100
|
$891,715,000 | 0.07% |
| Stantec Inc |
Opened
10,075
|
$842,920,000 | 0.06% |
| Fiserv, Inc. |
Closed
5,200
|
$831,064,000 | |
| KLA Corp. |
33.33%
1,000
|
$824,510,000 | 0.06% |
| Interactive Brokers Group In |
Opened
6,500
|
$796,900,000 | 0.06% |
| Qualcomm, Inc. |
38.46%
4,000
|
$796,720,000 | 0.06% |
| Constellation Brands Inc |
Opened
3,035
|
$780,845,000 | 0.06% |
| Vanguard Index Fds |
No change
1,463
|
$731,690,000 | 0.05% |
| Donaldson Co. Inc. |
11.11%
10,000
|
$715,600,000 | 0.05% |
| Crescent Pt Energy Corp |
Closed
84,672
|
$693,259,000 | |
| Automatic Data Processing In |
Closed
2,723
|
$680,042,000 | |
| Paccar Inc. |
Opened
6,500
|
$669,110,000 | 0.05% |
| Science Applications Intl Co |
Closed
5,000
|
$651,950,000 | |
| Agnico Eagle Mines Ltd |
Closed
10,700
|
$638,640,000 | |
| United Therapeutics Corp |
Opened
2,000
|
$637,100,000 | 0.05% |
| Progressive Corp. |
Opened
3,000
|
$623,130,000 | 0.05% |
| Canadian Imperial Bk Comm To |
65.76%
13,108
|
$622,985,000 | 0.05% |
| KraneShares Trust |
Closed
19,977
|
$597,112,000 | |
| BCE Inc |
4.23%
18,304
|
$592,475,000 | 0.04% |
| Ryan Specialty Holdings Inc |
Opened
10,000
|
$579,100,000 | 0.04% |
| Markel Group Inc |
Opened
350
|
$551,481,000 | 0.04% |
| Eagle Matls Inc |
Closed
2,000
|
$543,500,000 | |
| Select Sector Spdr Tr |
Closed
2,929
|
$538,614,000 | |
| Select Sector Spdr Tr |
Opened
11,532
|
$474,081,000 | 0.03% |
| American Express Co. |
No change
2,000
|
$463,100,000 | 0.03% |
| Warner Bros.Discovery Inc |
3.21%
61,150
|
$454,956,000 | 0.03% |
| Invesco Exchange Traded Fd T |
Closed
9,805
|
$452,795,000 | |
| Open Text Corp |
Closed
11,200
|
$435,004,000 | |
| Copart, Inc. |
Closed
7,500
|
$434,400,000 | |
| Autodesk Inc. |
Closed
1,630
|
$424,485,000 | |
| Neurocrine Biosciences, Inc. |
Closed
3,000
|
$413,760,000 | |
| Celestica, Inc. |
Closed
9,100
|
$409,256,000 | |
| Veralto Corp |
Closed
4,482
|
$397,374,000 | |
| Moodys Corp |
Closed
1,000
|
$393,030,000 | |
| JPMorgan Chase & Co. |
14.30%
1,905
|
$385,305,000 | 0.03% |
| Newmont Corp |
Opened
9,100
|
$380,748,000 | 0.03% |
| RB Global Inc |
Closed
4,800
|
$365,946,000 | |
| United Rentals, Inc. |
12.62%
554
|
$358,288,000 | 0.03% |
| Celestica, Inc. |
Opened
5,900
|
$337,783,000 | 0.02% |
| IQVIA Holdings Inc |
10.89%
1,595
|
$337,247,000 | 0.02% |
| Astrazeneca plc |
23.01%
4,165
|
$324,828,000 | 0.02% |
| Amphenol Corp. |
12.07%
4,550
|
$306,533,000 | 0.02% |
| Sun Life Financial, Inc. |
57.67%
5,946
|
$291,367,000 | 0.02% |
| Manulife Finl Corp |
Closed
11,333
|
$283,237,000 | |
| Ishares Tr |
Closed
19,825
|
$277,154,000 | |
| Brookfield Corp |
Closed
5,600
|
$234,552,000 | |
| Yum Brands Inc. |
94.96%
1,620
|
$214,585,000 | 0.02% |
| Cenovus Energy Inc |
Opened
10,400
|
$204,375,000 | 0.01% |
| Versabank New |
58.74%
18,400
|
$198,072,000 | 0.01% |
| Tcw Strategic Income Fd Inc |
No change
35,045
|
$166,113,000 | 0.01% |
| Ford Mtr Co Del |
Closed
10,000
|
$132,800,000 | |
| Blackrock Income Tr Inc |
No change
10,794
|
$128,773,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 207 holdings | |||
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