Fulcrum Equity Management
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 |
|---|---|---|---|---|---|---|---|
| ISHARES TR | ITOT | $18.0M | 108,066 | +5.27pp | 12q | +44.5%+$5.5M | |
| ISHARES INC | URTH | $9.5M | 46,192 | +0.71pp | 12q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $6.6M | 33,667 | +0.57pp | 29q | +0.7%+$46.4K | |
| NVIDIA CORPORATION | NVDA | $5.0M | 22,011 | +0.69pp | 12q | -2.2%-$113.3K | |
| ONEOK INC NEW | OKE | $4.5M | 52,549 | - | new | NEW | |
| SPDR SERIES TRUST | SPYM | $2.9M | 31,846 | +0.45pp | 20q | +12.5%+$317.1K | |
| APPLE INC | AAPL | $2.8M | 8,297 | -0.06pp | 12q | -22.0%-$777.6K | |
| SELECT SECTOR SPDR TR | XLF | $2.7M | 50,521 | +0.46pp | 23q | +17.6%+$404.6K | |
| ALPHABET INC | GOOGL | $2.2M | 6,384 | +0.18pp | 11q | +6.9%+$142.1K | |
| INVESCO EXCH TRADED FD TR II | QQQM | $2.1M | 7,017 | - | new | NEW | |
| ISHARES TR CALL | TLT | $1.9M | 17 | -0.05pp | 3q | -92.2%-$22.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.8M | 3,690 | -0.02pp | 32q | -8.6%-$173.3K | |
| WALMART INC | WMT | $1.7M | 16,529 | -0.04pp | 32q | -2.2%-$38.6K | |
| SELECT SECTOR SPDR TR | XLI | $1.7M | 10,201 | -0.07pp | 25q | -2.7%-$46.9K | |
| SELECT SECTOR SPDR TR | XLV | $1.7M | 10,101 | +0.44pp | 31q | +28.7%+$379.8K | |
| ISHARES TR | ACWX | $1.5M | 19,932 | +0.68pp | 3q | +114.0%+$803.0K | |
| BROADCOM INC | AVGO | $1.5M | 4,193 | +0.15pp | 13q | +14.3%+$184.7K | |
| SELECT SECTOR SPDR TR | XLC | $1.4M | 12,209 | +0.02pp | 15q | -9.3%-$139.4K | |
| SELECT SECTOR SPDR TR | XLY | $1.3M | 12,123 | -0.09pp | 26q | -8.4%-$120.4K | |
| ISHARES TR | IUSB | $1.3M | 29,553 | +0.33pp | 13q | +41.1%+$379.4K | |
| JPMORGAN CHASE & CO | JPM | $1.3M | 3,925 | +0.13pp | 13q | +4.5%+$55.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.3M | 2,113 | +0.20pp | 3q | +8.7%+$104.0K | |
| DIMENSIONAL ETF TRUST | DFUV | $1.2M | 22,390 | - | new | NEW | |
| ELI LILLY & CO | LLY | $1.2M | 1,006 | +0.19pp | 5q | +20.3%+$196.8K | |
| SCHWAB STRATEGIC TR | SCHD | $1.2M | 35,771 | -0.16pp | 3q | -23.2%-$351.4K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.1M | 1,467 | +0.67pp | 2q | +268.6%+$815.4K | |
| AMAZON COM INC | AMZN | $1.1M | 4,481 | -0.24pp | 12q | -30.6%-$493.1K | |
| ISHARES TR | IVW | $1.1M | 7,664 | +0.18pp | 10q | +12.6%+$121.9K | |
| ASML HLDG NV | ASML | $1.1M | 583 | -0.19pp | 5q | -17.7%-$226.5K | |
| BLACKROCK ETF TRUST | BAI | $1.1M | 22,262 | +0.50pp | 5q | +157.0%+$641.8K | |
| MICROSOFT CORP | MSFT | $1.1M | 2,047 | -0.24pp | 13q | -47.7%-$958.7K | |
| GE VERNOVA INC | GEV | $1.0M | 1,078 | -0.05pp | 9q | +7.1%+$67.5K | |
| BLACKROCK ETF TRUST | DYNF | $1.0M | 14,714 | +0.14pp | 12q | +9.3%+$87.1K | |
| 2023 ETF SERIES TRUST | PQUS | $953.4K | 33,407 | - | new | NEW | |
| TESLA INC CALL | TSLA | $942.7K | 2,157 | -7.30pp | 10q | -17.3%-$197.1K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $919.6K | 4,916 | +0.38pp | 5q | +19.1%+$147.2K | |
| INVESCO EXCH TRADED FD TR II | SPMO | $895.5K | 5,908 | -0.95pp | 8q | -57.9%-$1.2M | |
| ISHARES TR | IVE | $882.7K | 3,867 | +0.13pp | 10q | +13.2%+$103.2K | |
| META PLATFORMS INC | META | $863.1K | 1,190 | +0.11pp | 11q | -14.6%-$148.0K | |
| SCHWAB STRATEGIC TR | SCHB | $820.2K | 27,984 | -0.19pp | 11q | -29.0%-$335.0K | |
| MICRON TECHNOLOGY INC | MU | $806.3K | 757 | +0.20pp | 2q | +45.3%+$251.4K | |
| NEBIUS GROUP N.V. | NBIS | $795.2K | 3,371 | -0.16pp | 4q | -13.3%-$121.7K | |
| ROUNDHILL ETF TRUST | DRAM | $740.3K | 12,265 | -0.29pp | 2q | -24.7%-$243.5K | |
| BLACKROCK ETF TRUST | CORO | $714.7K | 19,661 | +0.10pp | 3q | +11.8%+$75.3K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $712.6K | 4,379 | - | new | NEW | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $693.9K | 1,521 | -0.05pp | 4q | -11.5%-$90.3K | |
| LOWES COS INC | LOW | $666.5K | 3,617 | -0.05pp | 32q | +1.6%+$10.3K | |
| AMPHENOL CORP | APH | $665.5K | 7,894 | +0.03pp | 6q | +2.9%+$19.1K | |
| SCHWAB STRATEGIC TR | SCHZ | $655.4K | 29,656 | +0.17pp | 10q | +45.0%+$203.3K | |
| APPLIED MATLS INC | AMAT | $569.7K | 1,114 | -0.18pp | 4q | -7.2%-$44.5K | |
| SELECT SECTOR SPDR TR | XLE | $562.7K | 9,149 | -0.27pp | 3q | -50.1%-$564.7K | |
| PIMCO ETF TR | SPLS | $527.2K | 9,579 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | FTXL | $523.8K | 2,069 | +0.02pp | 4q | +8.7%+$42.0K | |
| BLACKROCK ETF TRUST | BLCR | $511.5K | 10,448 | +0.15pp | 3q | +49.0%+$168.3K | |
| ISHARES SILVER TR | SLV | $505.0K | 9,265 | +0.04pp | 4q | HELD | |
| MANAGED PORTFOLIO SER | KAMO | $504.8K | 21,135 | flat | 4q | -4.2%-$22.4K | |
| ABRDN SILVER ETF TRUST | SIVR | $498.6K | 8,700 | +0.04pp | 4q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $466.2K | 512 | -0.03pp | 10q | -13.2%-$71.0K | |
| ISHARES TR | GOVT | $464.6K | 21,245 | +0.07pp | 3q | +18.1%+$71.1K | |
| MARVELL TECHNOLOGY INC | MRVL | $460.5K | 1,743 | +0.06pp | 3q | +25.5%+$93.5K | |
| ABRDN PRECIOUS METALS BASKET | GLTR | $451.8K | 2,425 | +0.04pp | 4q | HELD | |
| SCHWAB STRATEGIC TR | SCHG | $447.6K | 12,457 | -0.13pp | 10q | -36.1%-$253.0K | |
| ISHARES TR | IYW | $438.4K | 1,655 | -0.10pp | 10q | -31.0%-$197.3K | |
| LAM RESEARCH CORP | LRCX | $437.9K | 1,333 | -0.19pp | 4q | -20.7%-$114.3K | |
| ARISTA NETWORKS INC | ANET | $432.8K | 2,126 | +0.10pp | 5q | +6.6%+$26.9K | |
| VISA INC | V | $423.0K | 1,177 | +0.05pp | 4q | +4.1%+$16.5K | |
| VANECK ETF TRUST | REMX | $422.5K | 6,575 | -0.09pp | 4q | -0.7%-$2.8K | |
| DUKE ENERGY CORP NEW | DUK | $405.7K | 3,559 | -0.05pp | 32q | -11.0%-$50.0K | |
| MANAGED PORTFOLIO SER | KHPI | $405.7K | 15,720 | +0.03pp | 8q | +3.4%+$13.2K | |
| GE AEROSPACE | GE | $393.5K | 1,260 | flat | 5q | +9.0%+$32.5K | |
| SPDR SERIES TRUST | BIL | $392.7K | 4,285 | -0.47pp | 3q | -63.4%-$679.4K | |
| GOLDMAN SACHS GROUP INC | GS | $389.2K | 432 | -0.20pp | 10q | -37.5%-$233.4K | |
| DELL TECHNOLOGIES INC | DELL | $386.9K | 719 | +0.05pp | 2q | -10.3%-$44.7K | |
| JOHNSON CONTROLS INTERNATION | JCI | $383.5K | 2,580 | +0.02pp | 6q | -3.1%-$12.2K | |
| BONDBLOXX ETF TRUST | XTEN | $381.6K | 9,004 | +0.05pp | 7q | +19.2%+$61.6K | |
| ROYAL BK CDA | RY | $369.0K | 1,877 | +0.01pp | 6q | +1.2%+$4.3K | |
| ISHARES GOLD TR | IAU | $356.1K | 4,560 | +0.03pp | 4q | HELD | |
| BLACKROCK ETF TRUST | IALT | $350.3K | 11,731 | +0.06pp | 2q | +9.9%+$31.6K | |
| SPDR GOLD TR | GLD | $343.1K | 901 | +0.03pp | 4q | +0.7%+$2.3K | |
| INVESCO EXCHANGE TRADED FD T | KNCT | $336.1K | 1,640 | -0.05pp | 4q | -20.5%-$86.7K | |
| HSBC HLDGS PLC | HSBC | $332.9K | 3,352 | +0.03pp | 5q | HELD | |
| GLOBAL X FDS | SHLD | $330.2K | 5,496 | +0.03pp | 3q | +3.4%+$10.8K | |
| ISHARES TR | VLUE | $330.1K | 1,667 | +0.01pp | 2q | -2.7%-$9.1K | |
| COCA COLA CO | KO | $324.7K | 3,772 | +0.03pp | 4q | HELD | |
| APPLIED OPTOELECTRONICS INC | AAOI | $323.1K | 3,255 | -0.20pp | 2q | -22.6%-$94.4K | |
| ISHARES TR | IBB | $313.3K | 1,488 | - | new | NEW | |
| ABBVIE INC | ABBV | $312.8K | 1,196 | +0.01pp | 16q | -6.8%-$22.8K | |
| INTEL CORP | INTC | $305.4K | 2,540 | +0.01pp | 2q | +10.2%+$28.3K | |
| ISHARES TR | ICSH | $299.5K | 5,943 | - | new | NEW | |
| SPDR SERIES TRUST | XBI | $298.9K | 1,896 | - | new | NEW | |
| ALPHABET INC | GOOG | $296.8K | 871 | -0.02pp | 2q | -10.3%-$34.1K | |
| BLACKROCK ETF TRUST | THRO | $295.4K | 6,717 | +0.05pp | 6q | +13.3%+$34.7K | |
| BANCO SANTANDER S.A. | SAN | $289.0K | 20,894 | +0.02pp | 8q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSPT | $285.2K | 4,330 | - | new | NEW | |
| ISHARES TR | PFF | $284.3K | 9,638 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $280.9K | 707 | -0.08pp | 2q | -42.1%-$204.6K | |
| BLACKROCK ETF TRUST II | GGOV | $279.5K | 5,578 | +0.07pp | 2q | +38.8%+$78.1K | |
| FIRST TR EXCHANGE TRADED FD | SKYY | $278.9K | 1,701 | - | new | NEW | |
| EATON CORP PLC | ETN | $277.2K | 645 | - | new | NEW | |
| ISHARES TR | IEO | $273.5K | 2,072 | - | new | NEW | |
| ARK ETF TR CALL | ARKG | $271.1K | options only | -0.40pp | 3q | OPTIONS | |
| AMERICAN HEALTHCARE REIT INC | AHR | $271.1K | 5,288 | -0.16pp | 9q | -46.6%-$236.9K | |
| TIDAL TRUST I | GRNY | $270.6K | 9,722 | -0.14pp | 4q | -44.3%-$215.0K | |
| NOVARTIS AG | NVS | $267.0K | 1,873 | flat | 6q | +3.8%+$9.7K | |
| SPDR SERIES TRUST | XPH | $265.9K | 4,090 | - | new | NEW | |
| AST SPACEMOBILE INC | ASTS | $263.7K | 4,480 | -0.14pp | 3q | -17.5%-$55.9K | |
| CISCO SYS INC | CSCO | $262.2K | 2,436 | +0.01pp | 2q | +6.1%+$15.1K | |
| PHILLIPS 66 | PSX | $260.8K | 1,021 | - | new | NEW | |
| FIDELITY COVINGTON TRUST | FTEC | $259.8K | 866 | -0.03pp | 2q | -24.5%-$84.3K | |
| EMCOR GROUP INC | EME | $253.5K | 336 | +0.01pp | 3q | +5.0%+$12.1K | |
| ALPS ETF TR | SBIO | $251.6K | 4,315 | +0.01pp | 2q | +5.9%+$14.1K | |
| DOORDASH INC | DASH | $249.6K | 1,360 | -0.03pp | 6q | -18.8%-$57.6K | |
| ANALOG DEVICES INC | ADI | $247.5K | 624 | +0.04pp | 2q | +19.8%+$40.9K | |
| PHILIP MORRIS INTL INC | PM | $244.2K | 1,280 | +0.03pp | 4q | +2.0%+$4.8K | |
| SPDR SERIES TRUST | XTL | $233.2K | 1,149 | -0.04pp | 3q | -13.2%-$35.3K | |
| CANADIAN IMPERIAL BANK OF CO | CM | $232.3K | 2,108 | +0.01pp | 2q | HELD | |
| ALKAMI TECHNOLOGY INC | ALKT | $230.7K | 16,850 | -0.04pp | 3q | HELD | |
| QUANTA SVCS INC | PWR | $229.4K | 357 | -0.02pp | 2q | -6.8%-$16.7K | |
| NVENT ELEC PLC | NVT | $225.3K | 1,405 | - | new | NEW | |
| ARCHER DANIELS MIDLAND CO | ADM | $223.4K | 2,814 | - | new | NEW | |
| TOWER SEMICONDUCTOR LTD | TSEM | $221.7K | 975 | -0.05pp | 2q | -18.8%-$51.2K | |
| NEWMONT CORP | NEM | $214.3K | 1,858 | -0.01pp | 3q | -28.5%-$85.5K | |
| NEOS ETF TRUST | QQQI | $213.4K | 3,842 | -0.08pp | 2q | -35.4%-$117.0K | |
| WESTERN DIGITAL CORP | WDC | $213.1K | 469 | - | new | NEW | |
| DEERE CO | DE | $212.9K | 317 | - | new | NEW | |
| CITIGROUP INC | C | $211.1K | 1,630 | flat | 2q | +1.2%+$2.5K | |
| UBER TECHNOLOGIES INC | UBER | $207.1K | 3,023 | - | new | NEW | |
| ISHARES TR | IHE | $201.7K | 2,006 | - | new | NEW | |
| ADMA BIOLOGICS INC | ADMA | $127.8K | 12,744 | - | new | NEW | |
| SABLE OFFSHORE CORP | SOC | $41.7K | 12,042 | - | new | NEW |
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 |
|---|---|---|
| Semiconductors & Electronics | $13.5M | 10.7% |
| Software & IT Services | $6.4M | 5.0% |
| Energy | $5.5M | 4.4% |
| Computer Hardware | $4.3M | 3.4% |
| Retail & Consumer | $4.0M | 3.2% |
| Banks & Lending | $2.7M | 2.2% |
| Industrials | $2.6M | 2.1% |
| Capital Markets | $2.5M | 2.0% |
| Other sectors | $9.1M | 7.2% |
| Not classified | $75.3M | 59.8% |
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 | -1.0% | +2.1% | -3.1% | 91% |
| Q2 2026 | +12.8% | +14.8% | -2.0% | 99% |
| Q1 2026 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +7.2% | +10.5% | -3.3% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.4% | 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 | $125.9M | 130 | 24 | 47 | 48 | 35 | 44.7% | 21 |
| Q2 2026 | $136.4M | 141 | 37 | 43 | 36 | 21 | 42.6% | 9 |
| Q1 2026 | $103.5M | 125 | 35 | 37 | 35 | 27 | 41.5% | 2 |
| Q4 2025 | $104.5M | 117 | 34 | 45 | 32 | 11 | 42.5% | 6 |
| Q3 2025 | $98.7M | 94 | 25 | 34 | 20 | 33 | 50.6% | 98 |
| Q2 2025 | $97.4M | 102 | 32 | 31 | 31 | 26 | 48.0% | 56 |
| Q1 2025 | $91.6M | 96 | 17 | 22 | 48 | 31 | 46.4% | 31 |
| Q4 2024 | $101.1M | 110 | 24 | 19 | 56 | 51 | 37.5% | 83 |
| Q3 2024 | $118.4M | 137 | 29 | 49 | 49 | 22 | 32.4% | 53 |
| Q2 2024 | $111.4M | 130 | 43 | 61 | 21 | 22 | 30.9% | 22 |
| Q1 2024 | $84.8M | 109 | 26 | 1 | 82 | 8 | 30.1% | 24 |
| Q4 2023 | $161.8M | 91 | 27 | 59 | 5 | 31 | 47.2% | 19 |
| Q3 2023 | $85.4M | 95 | 34 | 20 | 17 | 24 | 46.6% | 44 |
| Q2 2023 | $86.2M | 85 | 30 | 3 | 52 | 35 | 45.1% | 7 |
| Q1 2023 | $213.1M | 90 | 37 | 52 | 1 | 17 | 35.3% | 6 |
| Q4 2022 | $122.1M | 70 | 17 | 15 | 32 | 11 | 44.4% | 191 |
| Q3 2022 | $118.1M | 64 | 19 | 11 | 24 | 28 | 48.0% | 11 |
| Q2 2022 | $124.0M | 73 | 20 | 18 | 29 | 52 | 47.2% | 18 |
| Q1 2022 | $168.8M | 105 | 29 | 15 | 54 | 102 | 43.2% | 15 |
| Q4 2021 | $267.3M | 178 | 37 | 50 | 86 | 36 | 29.7% | 25 |
| Q3 2021 | $257.8M | 177 | 52 | 51 | 68 | 53 | 36.3% | 117 |
| Q2 2021 | $268.0M | 178 | 74 | 56 | 46 | 67 | 35.2% | 15 |
| Q1 2021 | $253.1M | 171 | 63 | 38 | 60 | 45 | 28.9% | 5 |
| Q4 2020 | $250.7M | 153 | 37 | 43 | 66 | 28 | 35.2% | 53 |
| Q3 2020 | $215.6M | 144 | 47 | 44 | 51 | 41 | 40.5% | 27 |
| Q2 2020 | $211.3M | 138 | 95 | 40 | 2 | 6 | 53.9% | 48 |
| Q1 2020 | $140.1M | 49 | 7 | 12 | 28 | 47 | 90.5% | 1 |
| Q4 2019 | $191.3M | 89 | 11 | 36 | 40 | 155 | 64.5% | 43 |
| Q3 2019 | $197.3M | 233 | 160 | 48 | 22 | 8 | 75.1% | 36 |
| Q2 2019 | $209.8M | 81 | 19 | 32 | 27 | 35 | 74.7% | 43 |
| Q1 2019 | $291.2M | 97 | 27 | 24 | 21 | 9 | 86.9% | 33 |
| Q4 2018 | $272.7M | 79 | 0 | 0 | 0 | 0 | 90.2% | 64 |
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.