Dark
Light
System
Institutional Investment Manager
CUMBERLAND ADVISORS INC
CUMBERLAND ADVISORS INC (CIK: 0001255435) incorporated in Florida, located at 1 S. School Avenue, Sarasota, FL. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 63 holdings with a total value of $192,845,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 Crestwood Equity Partners LP 6,980 42,000 0.02%
52 TARGA RESOURCES 980 41,000 0.02%
53 Oneok Partners LP 950 39,000 0.02%
54 Tesoro Logistics LP 700 38,000 0.02%
55 SPECTRA ENERGY PARTN LP 700 36,000 0.02%
56 WisdomTree Germany Hedged Equi 1,130 35,000 0.02%
57 HOLLY ENERGY PARTNERS L P 1,060 33,000 0.02%
58 NGL Energy Partners LP 1,200 31,000 0.02%
59 SUBURBAN PROPANE PARTNERS LP COM USD1 600 26,000 0.01%
60 AMERIGAS PARTNERS L P 500 24,000 0.01%
61 BUCKEYE PARTNERS L P 300 23,000 0.01%
62 Enbridge Energy Partners LP 500 18,000 0.01%
63 QEP Midstream LP 700 11,000 0.01%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001255435-15-000005, filed 2015.04.10).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.