Fulcrum Capital LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $50.2M | 97,875 | +3.46pp | 32q | +21.4%+$8.9M | |
| VANGUARD INDEX FDS | VO | $39.6M | 504,508 | -0.64pp | 18q | +0.9%+$346.1K | |
| APPLE INC | AAPL | $32.8M | 98,459 | +0.60pp | 32q | +2.5%+$784.6K | |
| FORTINET INC | FTNT | $28.8M | 161,231 | +0.34pp | 10q | -2.4%-$710.6K | |
| NVIDIA CORPORATION | NVDA | $27.7M | 121,330 | +0.45pp | 24q | +1.9%+$516.4K | |
| AMAZON COM INC | AMZN | $26.7M | 107,299 | +0.11pp | 32q | +4.1%+$1.0M | |
| ALPHABET INC | GOOGL | $26.6M | 77,212 | -0.44pp | 6q | +1.7%+$438.7K | |
| LAM RESEARCH CORP | LRCX | $23.1M | 70,316 | -1.86pp | 7q | -1.3%-$312.1K | |
| TRANE TECHNOLOGIES PLC | TT | $16.3M | 36,034 | -0.42pp | 27q | +1.9%+$311.4K | |
| MASTERCARD INCORPORATED | MA | $15.6M | 28,310 | +0.10pp | 32q | +2.5%+$385.5K | |
| JPMORGAN CHASE & CO | JPM | $12.7M | 38,458 | -0.11pp | 32q | +0.6%+$75.4K | |
| EDWARDS LIFESCIENCES CORP | EW | $11.4M | 132,586 | -0.23pp | 32q | +0.9%+$104.9K | |
| CME GROUP INC | CME | $11.2M | 42,790 | +0.30pp | 32q | +4.6%+$497.0K | |
| NETFLIX INC. | NFLX | $11.0M | 158,770 | +0.15pp | 18q | +17.7%+$1.7M | |
| S&P GLOBAL INC | SPGI | $10.5M | 26,694 | -0.03pp | 29q | +8.5%+$826.0K | |
| WASTE MGMT INC DEL | WM | $10.0M | 49,226 | -0.24pp | 32q | +3.5%+$337.5K | |
| UNITEDHEALTH GROUP INC | UNH | $8.5M | 23,176 | -0.36pp | 12q | -1.4%-$116.7K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $8.4M | 16,044 | -0.01pp | 18q | +0.5%+$45.0K | |
| SPDR SERIES TRUST | XBI | $8.0M | 51,007 | -0.14pp | 32q | -2.2%-$182.3K | |
| ADOBE INC | ADBE | $8.0M | 33,294 | +0.06pp | 32q | -5.0%-$422.3K | |
| ULTA BEAUTY INC | ULTA | $7.1M | 12,985 | +0.23pp | 29q | +6.3%+$417.8K | |
| LINDE PLC | LIN | $7.0M | 14,665 | -0.17pp | 15q | +3.0%+$199.8K | |
| UBER TECHNOLOGIES INC | UBER | $6.9M | 100,265 | -0.09pp | 6q | +5.0%+$328.8K | |
| VANGUARD INDEX FDS | VUG | $6.8M | 75,226 | +0.01pp | 9q | +3.0%+$194.4K | |
| XYLEM INC | XYL | $6.2M | 60,938 | -0.23pp | 32q | +3.8%+$225.2K | |
| PEPSICO INC | PEP | $6.0M | 47,400 | -0.11pp | 32q | +4.0%+$229.4K | |
| FIRST SOLAR INC | FSLR | $5.9M | 33,887 | -0.45pp | 32q | +2.4%+$137.2K | |
| J P MORGAN EXCHANGE TRADED F | JQUA | $5.7M | 77,560 | -0.06pp | 9q | -0.9%-$52.1K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $4.9M | 7,257 | +0.21pp | 2q | +2.4%+$115.4K | |
| SERVICENOW INC | NOW | $4.7M | 35,009 | +0.20pp | 2q | +2.2%+$101.6K | |
| ELI LILLY & CO | LLY | $4.4M | 3,797 | -0.08pp | 4q | +1.0%+$45.1K | |
| ISHARES TR | IVV | $4.3M | 5,624 | -0.04pp | 32q | -1.0%-$41.4K | |
| EOG RES INC | EOG | $4.2M | 30,844 | -0.04pp | 19q | -4.9%-$218.1K | |
| ARISTA NETWORKS INC | ANET | $4.2M | 20,576 | +0.12pp | 2q | +4.2%+$170.2K | |
| COINBASE GLOBAL INC | COIN | $3.9M | 21,122 | +0.16pp | 2q | +5.4%+$200.2K | |
| D R HORTON INC | DHI | $3.9M | 28,670 | -0.19pp | 22q | +1.1%+$42.4K | |
| DEXCOM INC | DXCM | $3.8M | 44,568 | +0.14pp | 7q | +3.0%+$111.8K | |
| INTUIT | INTU | $3.7M | 13,276 | flat | 18q | HELD | |
| AMPHENOL CORP | APH | $3.6M | 43,124 | -0.04pp | 2q | +5.1%+$177.0K | |
| PINTEREST INC | PINS | $2.6M | 137,991 | -0.07pp | 4q | +3.9%+$97.0K | |
| MORGAN STANLEY ETF TRUST | CVLC | $2.5M | 26,247 | -0.04pp | 11q | -2.9%-$73.1K | |
| SPDR SERIES TRUST | SPYM | $2.3M | 25,338 | -0.02pp | 7q | HELD | |
| AMGEN INC | AMGN | $2.3M | 5,351 | +0.03pp | 26q | -2.3%-$52.7K | |
| ALPHABET INC | GOOG | $2.1M | 6,236 | +0.24pp | 32q | +168.1%+$1.3M | |
| VANGUARD WHITEHALL FDS | VYM | $1.8M | 11,356 | -0.01pp | 16q | +5.5%+$91.7K | |
| ISHARES TR | IWR | $1.6M | 14,641 | -0.03pp | 23q | HELD | |
| ECOLAB INC | ECL | $1.5M | 5,468 | -0.02pp | 32q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $1.1M | 1,186 | -0.02pp | 30q | HELD | |
| AMERICAN WTR WKS CO INC NEW | AWK | $1.1M | 8,339 | -0.01pp | 18q | +1.7%+$17.6K | |
| JOHNSON & JOHNSON | JNJ | $1.1M | 3,968 | -0.01pp | 12q | -1.6%-$16.7K | |
| WELLTOWER INC | WELL | $980.1K | 4,257 | -0.01pp | 18q | -1.6%-$16.3K | |
| ISHARES TR | IEFA | $825.4K | 8,520 | -0.01pp | 7q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $725.6K | 2,040 | -0.02pp | 16q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $709.2K | 930 | -0.01pp | 32q | HELD | |
| VISA INC | V | $701.5K | 1,952 | flat | 32q | +4.8%+$32.0K | |
| SCHWAB STRATEGIC TR | SCHD | $683.1K | 21,000 | -0.02pp | 16q | -8.2%-$61.3K | |
| COCA COLA CO | KO | $661.1K | 7,680 | flat | 16q | HELD | |
| ATMOS ENERGY CORP | ATO | $641.4K | 4,100 | -0.02pp | 16q | HELD | |
| BROADCOM INC | AVGO | $540.8K | 1,540 | -0.02pp | 15q | -3.4%-$19.0K | |
| LAMAR ADVERTISING CO | LAMR | $533.8K | 3,704 | -0.02pp | 16q | HELD | |
| VANGUARD WORLD FD | VDC | $528.1K | 2,420 | -0.01pp | 16q | HELD | |
| WESCO INTL INC | WCC | $513.9K | 1,429 | flat | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $505.3K | 3,000 | flat | 16q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $489.7K | 2,439 | -0.02pp | 8q | -2.9%-$14.7K | |
| VANGUARD INDEX FDS | VTI | $483.1K | 1,291 | flat | 24q | HELD | |
| ABBVIE INC | ABBV | $477.1K | 1,824 | flat | 18q | HELD | |
| PHILIP MORRIS INTL INC | PM | $462.7K | 2,425 | +0.01pp | 5q | +16.7%+$66.2K | |
| VALERO ENERGY CORP | VLO | $458.2K | 1,182 | - | new | NEW | |
| ISHARES TR | ESGD | $421.4K | 4,089 | -0.01pp | 17q | HELD | |
| ALLISON TRANSMISSION HLDGS I | ALSN | $407.7K | 3,600 | flat | 10q | HELD | |
| MORGAN STANLEY | MS | $400.8K | 2,131 | -0.01pp | 13q | HELD | |
| QUALCOMM INC | QCOM | $393.2K | 2,136 | -0.01pp | 29q | -2.6%-$10.7K | |
| ISHARES INC | IEMG | $361.2K | 4,450 | -0.02pp | 7q | -18.8%-$83.6K | |
| VANGUARD WORLD FD | VPU | $350.6K | 2,050 | -0.01pp | 16q | HELD | |
| STARBUCKS CORP | SBUX | $347.5K | 3,698 | -0.03pp | 7q | -17.8%-$75.2K | |
| CISCO SYS INC | CSCO | $344.4K | 3,200 | -0.01pp | 7q | HELD | |
| ISHARES TR | IWB | $337.1K | 810 | -0.02pp | 16q | -15.4%-$61.2K | |
| CONOCOPHILLIPS | COP | $330.6K | 2,642 | +0.01pp | 15q | HELD | |
| CVS HEALTH CORP | CVS | $318.4K | 3,716 | -0.01pp | 4q | +13.1%+$36.9K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $317.3K | 8,911 | -0.01pp | 15q | HELD | |
| CUMMINS INC | CMI | $317.2K | 614 | -0.04pp | 15q | -9.8%-$34.6K | |
| PFIZER INC | PFE | $313.7K | 11,000 | +0.01pp | 5q | HELD | |
| PACCAR INC | PCAR | $306.0K | 2,787 | -0.01pp | 32q | HELD | |
| PROCTER & GAMBLE CO | PG | $300.4K | 2,068 | -0.02pp | 32q | -17.0%-$61.5K | |
| OLD REP INTL CORP | ORI | $288.0K | 7,719 | -0.01pp | 15q | HELD | |
| SNAP ON INC | SNA | $285.2K | 785 | -0.01pp | 15q | +6.5%+$17.4K | |
| META PLATFORMS INC | META | $279.9K | 386 | +0.01pp | 7q | HELD | |
| UNILEVER PLC | UL | $269.7K | 4,441 | flat | 3q | HELD | |
| ONEOK INC NEW | OKE | $255.8K | 3,000 | - | new | NEW | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $250.5K | 503 | flat | 16q | HELD | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $246.1K | 3,655 | -0.01pp | 15q | HELD | |
| DARDEN RESTAURANTS INC | DRI | $245.4K | 1,270 | -0.01pp | 11q | -10.6%-$29.0K | |
| ESSENTIAL UTILS INC | WTRG | $244.9K | 6,250 | flat | 16q | HELD | |
| GLOBAL SHIP LEASE INC | GSL | $242.8K | 5,500 | flat | 3q | HELD | |
| PAYCHEX INC | PAYX | $235.5K | 2,391 | - | new | NEW | |
| TEXAS INSTRS INC | TXN | $235.0K | 839 | -0.01pp | 3q | HELD | |
| ISHARES TR | EFA | $228.9K | 2,203 | flat | 6q | HELD | |
| GE VERNOVA INC | GEV | $226.2K | 238 | -0.01pp | 2q | +12.8%+$25.7K | |
| MICRON TECHNOLOGY INC | MU | $214.1K | 201 | -0.01pp | 2q | HELD | |
| GE AEROSPACE | GE | $200.5K | 642 | - | new | NEW | |
| MEDICAL PROPERTIES TRUST INC | MPT | $135.6K | 39,200 | -0.01pp | 20q | +14.0%+$16.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $98.1M | 18.7% |
| Computer Hardware | $66.1M | 12.6% |
| Semiconductors & Electronics | $39.1M | 7.4% |
| Retail & Consumer | $35.5M | 6.8% |
| Business Services | $34.7M | 6.6% |
| Industrials | $29.9M | 5.7% |
| Instruments & Controls | $21.2M | 4.0% |
| Biotech & Pharma | $16.9M | 3.2% |
| Banks & Lending | $16.7M | 3.2% |
| Medical Devices | $15.3M | 2.9% |
| Capital Markets | $11.6M | 2.2% |
| Utilities | $11.6M | 2.2% |
| Other sectors | $51.1M | 9.7% |
| Not classified | $77.2M | 14.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +3.0% | +2.1% | +0.9% | 100% |
| Q2 2026 | +11.8% | +14.8% | -3.0% | 100% |
| Q1 2026 | -6.8% | -4.6% | -2.2% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.4% | 100% |
| Q2 2025 | +9.6% | +10.5% | -0.9% | 100% |
| Q1 2025 | -4.5% | -4.6% | +0.0% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.9% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $524.9M | 101 | 4 | 40 | 22 | 6 | 54.7% | 15 |
| Q2 2026 | $492.9M | 103 | 8 | 4 | 62 | 6 | 53.1% | 21 |
| Q1 2026 | $460.6M | 101 | 4 | 22 | 40 | 2 | 48.1% | 30 |
| Q4 2025 | $498.0M | 99 | 4 | 31 | 22 | 5 | 48.8% | 15 |
| Q3 2025 | $487.7M | 100 | 3 | 25 | 38 | 2 | 48.5% | 28 |
| Q2 2025 | $472.8M | 99 | 4 | 31 | 24 | 11 | 47.6% | 24 |
| Q1 2025 | $451.1M | 106 | 10 | 44 | 23 | 17 | 48.6% | 8 |
| Q4 2024 | $477.6M | 113 | 7 | 37 | 17 | 3 | 50.1% | 13 |
| Q3 2024 | $459.1M | 109 | 6 | 19 | 26 | 5 | 47.3% | 22 |
| Q2 2024 | $439.2M | 108 | 3 | 36 | 15 | 11 | 48.7% | 22 |
| Q1 2024 | $421.4M | 116 | 3 | 46 | 19 | 6 | 45.9% | 17 |
| Q4 2023 | $386.7M | 119 | 14 | 16 | 47 | 4 | 44.1% | 10 |
| Q3 2023 | $344.5M | 109 | 4 | 10 | 42 | 10 | 47.3% | 13 |
| Q2 2023 | $380.3M | 115 | 2 | 6 | 64 | 5 | 44.7% | 27 |
| Q1 2023 | $371.5M | 118 | 27 | 28 | 36 | 10 | 42.8% | 41 |
| Q4 2022 | $346.0M | 101 | 25 | 34 | 16 | 3 | 40.9% | 24 |
| Q3 2022 | $336.7M | 79 | 8 | 3 | 48 | 2 | 38.7% | 17 |
| Q2 2022 | $318.2M | 73 | 14 | 22 | 22 | 11 | 45.6% | 34 |
| Q1 2022 | $373.4M | 70 | 3 | 30 | 23 | 18 | 46.8% | 35 |
| Q4 2021 | $461.2M | 85 | 9 | 35 | 20 | 12 | 43.4% | 25 |
| Q3 2021 | $418.0M | 88 | 14 | 39 | 11 | 8 | 42.6% | 21 |
| Q2 2021 | $398.6M | 82 | 4 | 37 | 22 | 6 | 43.7% | 30 |
| Q1 2021 | $348.7M | 84 | 14 | 28 | 38 | 11 | 42.2% | 12 |
| Q4 2020 | $334.3M | 81 | 21 | 41 | 8 | 1 | 42.5% | 40 |
| Q3 2020 | $276.5M | 61 | 4 | 8 | 41 | 8 | 43.0% | 21 |
| Q2 2020 | $263.9M | 65 | 7 | 11 | 34 | 4 | 42.1% | 27 |
| Q1 2020 | $220.3M | 62 | 3 | 8 | 33 | 14 | 36.9% | 31 |
| Q4 2019 | $322.9M | 73 | 2 | 24 | 18 | 4 | 41.8% | 34 |
| Q3 2019 | $292.8M | 75 | 19 | 23 | 25 | 4 | 41.3% | 35 |
| Q2 2019 | $273.2M | 60 | 6 | 17 | 28 | 10 | 42.6% | 29 |
| Q1 2019 | $264.8M | 64 | 14 | 36 | 10 | 4 | 43.5% | 38 |
| Q4 2018 | $221.9M | 54 | 0 | 0 | 0 | 0 | 43.9% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.