In short, here’re the suggested actions:
For customers who already have Dec CU installed, they can apply these update packages in the following sequence: 961750, 967703, 961749, 961754. But we also suggest to wait for the uber package.
For customers who do not have Dec CU installed, please wait for the uber package of Feb CU. This could save time and reduce the effort to get everything to current version. We will announce it here on this blog as soon as it get released.
Source : Microsoft SharePoint Team Blog