Instuitional Investor - Cumberland Advisors Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	89,953	$58,500,034	22.9%
2.	Spdr S & P Midcap 400 Etf Trust	MDY	44,807	$27,635,165	10.82%
3.	Spdr Series Trust		73,747	$18,730,263	7.33%
4.	Ishares Tr - MSCI ACWI EX US		165,855	$11,356,092	4.44%
5.	Berkshire Hathaway Inc	BRK.A	23,481	$11,252,095	4.4%