Cumberland Advisors

Therese M. Pantalione as of March 31, 2011

Portfolio Holdings for Therese M. Pantalione

Therese M. Pantalione holds 65 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Industrial SPDR (XLI) 6.0 $12M 313k 37.66
Technology SPDR (XLK) 6.0 $12M 451k 26.06
Rydex S&P Equal Weight ETF 5.5 $11M 213k 50.46
SPDR S&P MidCap 400 ETF (MDY) 3.6 $7.0M 39k 179.54
iShares S&P SmallCap 600 Index (IJR) 3.4 $6.7M 91k 73.56
RevenueShares Large Cap Fund 3.3 $6.5M 257k 25.14
iShares MSCI Germany Index Fund (EWG) 3.3 $6.4M 247k 25.95
Consumer Staples Select Sect. SPDR (XLP) 3.1 $6.1M 205k 29.92
iShares MSCI Canada Index (EWC) 3.0 $5.9M 175k 33.61
iShares Dow Jones US Oil Equip. (IEZ) 2.8 $5.4M 80k 67.82
iShares S&P NA Tec.-Mul. Net. Idx. (IDGT) 2.6 $5.1M 143k 35.59
Energy Select Sector SPDR (XLE) 2.5 $5.0M 62k 79.75
iShares MSCI Australia Index Fund (EWA) 2.4 $4.7M 176k 26.62
iShares MSCI United Kingdom Index 2.4 $4.6M 259k 17.91
Vanguard Energy ETF (VDE) 2.3 $4.6M 39k 116.73
iShares MSCI EAFE Index Fund (EFA) 2.3 $4.5M 75k 60.08
SPDR S&P Oil & Gas Explore & Prod. 2.1 $4.2M 65k 64.42
iShares MSCI Netherlands Investable (EWN) 2.1 $4.0M 175k 23.05
iShares Dow Jones US Basic Mater. (IYM) 1.8 $3.5M 43k 81.77
Market Vectors Agribusiness 1.7 $3.3M 59k 56.04
First Trust ISE Revere Natural Gas 1.7 $3.3M 140k 23.35
iShares MSCI South Korea Index Fund (EWY) 1.6 $3.1M 48k 64.35
SPDR S&P Emerging Europe 1.5 $2.9M 54k 54.97
iShares MSCI France Index (EWQ) 1.4 $2.8M 103k 26.93
Claymore/SWM Canadian Energy Income ETF 1.4 $2.7M 120k 22.87
iShares Silver Trust (SLV) 1.3 $2.6M 71k 36.77
ISHARES TR MSCI Small Cap msci small cap (SCZ) 1.3 $2.5M 57k 43.34
iShares MSCI Spain Index (EWP) 1.2 $2.4M 57k 42.42
SPDR S&P China (GXC) 1.2 $2.4M 30k 80.35
iShares MSCI Sweden Index (EWD) 1.2 $2.3M 72k 32.79
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 1.2 $2.4M 38k 61.99
iShares Dow Jones US Health Care (IHF) 1.2 $2.3M 38k 61.92
iShares Russell 1000 Value Index (IWD) 1.1 $2.2M 32k 68.66
iShares Dow Jones US Consumer Goods (IYK) 1.1 $2.2M 33k 66.22
Vanguard Emerging Markets ETF (VWO) 1.1 $2.2M 45k 48.96
Powershares DB Base Metals Fund 1.1 $2.1M 86k 24.42
iShares MSCI Japan Index 1.0 $2.0M 193k 10.31
PowerShares DB Agriculture Fund 1.0 $1.9M 57k 34.23
Spdr S&p 500 Etf (SPY) 1.0 $1.9M 14k 132.58
SPDR S&P Metals and Mining (XME) 0.9 $1.9M 25k 74.29
SPDR Gold Trust (GLD) 0.9 $1.7M 12k 139.88
Vanguard Industrials ETF (VIS) 0.8 $1.7M 24k 70.37
Vanguard FTSE All-World ex-US ETF (VEU) 0.8 $1.6M 33k 49.32
iShares Dow Jones US Oil & Gas Exp. (IEO) 0.8 $1.6M 22k 74.48
iShares MSCI Malaysia Index Fund 0.8 $1.6M 107k 14.79
iShares MSCI Brazil Index (EWZ) 0.8 $1.5M 20k 77.53
iShares S&P Global Mat. Sector Inde (MXI) 0.7 $1.4M 19k 74.59
iShares Russell 3000 Value Index (IUSV) 0.7 $1.4M 15k 90.32
PowerShares Water Resources 0.7 $1.3M 66k 20.34
Health Care SPDR (XLV) 0.7 $1.3M 39k 33.10
iShares MSCI Turkey Index Fund (TUR) 0.7 $1.3M 20k 63.82
Market Vector Russia ETF Trust 0.6 $1.3M 30k 41.62
PowerShares Emerging Infra PF 0.6 $1.1M 21k 53.91
iShares MSCI Singapore Index Fund 0.5 $1.0M 77k 13.67
iShares MSCI Taiwan Index 0.5 $895k 60k 14.86
iShares MSCI EAFE Growth Index (EFG) 0.4 $852k 14k 62.26
iShares MSCI Thailand Index Fund (THD) 0.4 $715k 11k 66.85
iShares MSCI Switzerland Index Fund (EWL) 0.3 $686k 27k 25.28
iShares MSCI Hong Kong Index Fund (EWH) 0.3 $609k 32k 18.93
iShares MSCI Austria Investable Mkt (EWO) 0.3 $587k 25k 23.39
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.2 $450k 7.2k 62.85
Market Vectors Indonesia Index 0.2 $303k 10k 29.97
iShares MSCI Italy Index 0.1 $273k 15k 18.59
iShares S&P Asia 50 Index Fund (AIA) 0.1 $228k 4.8k 47.85
Vanguard Mun Bd Fd Inc Inter T (VWITX) 0.1 $190k 14k 13.21