Fulcrum Capital LLC

CIK 1724090 · View on SEC EDGAR ↗

Portfolio value
$492.9M
#3,807 of 9,443 by 13F value · top 40.3%
Positions
103
As of
June 30, 2026

Portfolio value QoQ: +7.0% 13F does not disclose cash

Top 10 holdings weight
53.05%
Top 25 holdings weight
79.86%
Positions above 1%
28
Effective number of positions
27.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 8.57% Est. buys $52,604,944 · sells $40,867,218

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 81.1% still held

New positions
8
Increased
6
Decreased
62
Closed
6
On this page

Performance vs S&P 500

Tracked Q2 2025–Q2 2026
+9.0%
S&P 500 total return (same window)
+21.7%
Excess return
-12.7%

Annualized: +9.0% · S&P 500: +21.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 86.4% · Options excluded: 0.0%

Sector breakdown

Technology
32.7%
Industrials
9.8%
Healthcare
9.1%
Communication Services
8.5%
Financial Services
7.6%
Retail
6.4%
Financials
2.6%
Materials
1.8%
Consumer Staples
1.5%
Consumer products
1.1%
Energy
1.0%
Communications
0.8%
Utilities
0.5%
Real Estate
0.5%
Consumer Discretionary
0.3%
Other/Unmapped
16.0%

Full portfolio 103 positions

Type Streak 8Q trend
VO $40,292,574 8.17% 500,094 $2,277,121 Up ×1
LRCX Lam Research Corporation - Common Stock $30,881,696 6.26% 71,266 $14,559,568 Down ×2
MSFT Microsoft Corporation - Common Stock $30,064,192 6.10% 80,597 $-799,265 Down ×1
AAPL Apple Inc. - Common Stock $27,808,501 5.64% 96,103 $2,529,375 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $27,137,606 5.51% 75,937 $4,006,280 Down ×4
FTNT Fortinet, Inc. - Common Stock $25,378,946 5.15% 165,206 $11,111,288 Down ×1
AMZN Amazon.com, Inc. - Common Stock $24,576,906 4.99% 103,117 $2,067,293 Down ×1
NVDA NVIDIA Corporation - Common Stock $23,824,516 4.83% 119,069 $2,048,758 Down ×5
TT Trane Technologies plc $17,360,050 3.52% 35,345 $1,983,594 Down ×2
MA Mastercard Incorporated Common Stock $14,181,010 2.88% 27,611 $-44,310 Down ×1
JPM JP Morgan Chase & Co. Common Stock $12,513,826 2.54% 38,230 $730,365 Down ×5
EW Edwards Lifesciences Corporation Common Stock $11,883,821 2.41% 131,371 $885,954 Down ×1
WM Waste Management, Inc. Common Stock $10,602,624 2.15% 47,571 $-667,886 Down ×2
SPGI S&P Global Inc. Common Stock $10,018,596 2.03% 24,600 $-745,483 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $9,764,990 1.98% 23,494 $3,001,747 Down ×2
NFLX Netflix, Inc. - Common Stock $9,635,430 1.95% 134,950 $-4,152,672 Down ×1
CME CME Group Inc. - Class A Common Stock $9,030,472 1.83% 40,893 $-3,705,410 Down ×2
XBI XBI $8,254,795 1.67% 52,163 $1,105,364 Down ×2
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $7,926,817 1.61% 15,958 $560,693 Down ×2
FSLR First Solar, Inc. - Common Stock $7,811,220 1.58% 33,104 $987,602 Down ×3
LIN Linde plc - Ordinary Shares $7,391,781 1.50% 14,244 $-24,789 Down ×1
ADBE Adobe Inc. - Common Stock $7,186,771 1.46% 35,054 $-1,566,540 Down ×2
XYL Xylem Inc. Common Stock New $6,940,582 1.41% 58,714 $-131,096 Down ×1
UBER Uber Technologies, Inc. Common Stock $6,888,827 1.40% 95,466 $-230,229 Down ×1
VUG $6,294,168 1.28% 73,069 $866,116 Up ×2
PEP PepsiCo, Inc. - Common Stock $6,172,886 1.25% 45,590 $-1,185,234 Down ×2
JQUA $5,657,102 1.15% 78,266 $974,346 Up ×3
ULTA Ulta Beauty, Inc. - Common Stock $5,510,976 1.12% 12,220 $-958,083 Down ×4
DHI D.R. Horton, Inc. Common Stock $4,619,277 0.94% 28,360 $-1,803,580 Down ×1
LLY Eli Lilly and Company Common Stock $4,507,458 0.91% 3,758 $1,005,894 Down ×2
IVV $4,252,197 0.86% 5,678 $408,056 Down ×5
EOG EOG Resources, Inc. Common Stock $4,206,755 0.85% 32,427 $-1,473,545 Down ×3
APH Amphenol Corporation Common Stock $3,616,676 0.73% 20,512 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $3,552,637 0.72% 7,086 Up ×1
INTU Intuit Inc. - Common Stock $3,456,423 0.70% 13,243 $-3,155,532 Down ×1
NOW ServiceNow, Inc. Common Stock $3,400,439 0.69% 34,251 Up ×1
ANET Arista Networks, Inc. Common Stock $3,353,431 0.68% 19,740 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $2,930,817 0.59% 20,048 Up ×1
DXCM DexCom, Inc. - Common Stock $2,914,369 0.59% 43,272 $104,697 Down ×1
PINS Pinterest, Inc. Class A Common Stock $2,794,004 0.57% 132,858 $241,168 Down ×1
CVLC $2,552,485 0.52% 27,019 $361,563 Down ×1
SPYM $2,226,703 0.45% 25,338 $287,332
AMGN Amgen Inc. - Common Stock $1,982,969 0.40% 5,476 $-1,520,753 Down ×3
VYM $1,701,193 0.35% 10,765 $106,896
IWR $1,623,138 0.33% 14,713 $48,012 Down ×5
ECL Ecolab Inc. Common Stock $1,520,653 0.31% 5,458 $79,357 Up ×1
TTD The Trade Desk, Inc. - Class A Common Stock $1,361,261 0.28% 75,291 $-287,372 Up ×2
COST Costco Wholesale Corporation - Common Stock $1,109,467 0.23% 1,186 $-72,299
AWK American Water Works Company, Inc. Common Stock $1,079,351 0.22% 8,203 $-21,617 Up ×5
JNJ Johnson & Johnson Common Stock $1,023,753 0.21% 4,031 $-45,916 Down ×2
WELL Welltower Inc. Common Stock $982,326 0.20% 4,328 $95,992 Down ×5
IEFA $822,862 0.17% 8,520 $48,740 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $821,885 0.17% 2,326 $114,456 Down ×5
MAR Marriott International - Class A Common Stock $756,004 0.15% 2,040 $88,781
SCHD $725,683 0.15% 22,885 $23,571
ATO Atmos Energy Corporation Common Stock $706,307 0.14% 4,100 $-51,045
SPY SPY $694,496 0.14% 930 $89,680
V Visa Inc. $639,149 0.13% 1,863 $76,100
KO Coca-Cola Company (The) Common Stock $624,154 0.13% 7,680 $38,113 Down ×2
AVGO Broadcom Inc. - Common Stock $602,134 0.12% 1,594 $-2,958 Down ×5
LAMR Lamar Advertising Company - Class A Common Stock $577,750 0.12% 3,704 $31,465 Down ×1
SPG Simon Property Group, Inc. Common Stock $561,809 0.11% 2,512 $15,463 Down ×1
VDC $545,686 0.11% 2,420 $2,178
WCC WESCO International, Inc. Common Stock $493,619 0.10% 1,429 $102,616
CMI Cummins Inc. Common Stock $485,696 0.10% 681 $-7,668 Down ×2
VTI $477,722 0.10% 1,291 $63,556
XLV XLV $475,980 0.10% 3,000 $36,150
SBUX Starbucks Corporation - Common Stock $459,637 0.09% 4,498 $56,673
ABBV AbbVie Inc. Common Stock $458,923 0.09% 1,824 $-48,639 Down ×2
IEMG $453,963 0.09% 5,480 $71,733
MS Morgan Stanley Common Stock $445,464 0.09% 2,131 $-30,637 Down ×2
ESGD iShares ESG Aware MSCI EAFE ETF $420,390 0.09% 4,089 $-52,355 Down ×5
ALSN Allison Transmission Holdings, Inc. Common Stock $405,864 0.08% 3,600 $-15,552
QCOM QUALCOMM Incorporated - Common Stock $405,484 0.08% 2,194 $120,069 Down ×1
VPU $401,247 0.08% 2,050 $-4,940
IWB $391,892 0.08% 957 $50,664
PM Philip Morris International Inc Common Stock $375,931 0.08% 2,078 $-40,395 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $375,872 0.08% 3,200 $127,584
PG Procter & Gamble Company (The) Common Stock $365,280 0.07% 2,491 $-61,396 Down ×1
CVS CVS Health Corporation Common Stock $339,833 0.07% 3,285 $64,260 Down ×2
PCAR PACCAR Inc. - Common Stock $334,774 0.07% 2,787 $12,875
EPD Enterprise Products Partners L.P. Common Stock $327,568 0.07% 8,911 $-115,274 Down ×1
ORI Old Republic International Corporation Common Stock $315,861 0.06% 7,719 $-92,236 Down ×1
PEG Public Service Enterprise Group Incorporated Common Stock $296,640 0.06% 3,655 $-92,649 Down ×1
SNA Snap-On Incorporated Common Stock $296,569 0.06% 737 $-27,786 Down ×1
DRI Darden Restaurants, Inc. Common Stock $292,534 0.06% 1,420 $-59,554 Down ×1
COP ConocoPhillips Common Stock $274,662 0.06% 2,642 $-166,218 Down ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $266,993 0.05% 4,441 $-20,364 Down ×1
PFE Pfizer, Inc. Common Stock $264,880 0.05% 11,000 $-44,000
OKE ONEOK, Inc. Common Stock $260,820 0.05% 3,000 $-10,350
BRKB $251,696 0.05% 503 $10,658
TXN Texas Instruments Incorporated - Common Stock $250,081 0.05% 839 $25,267 Down ×1
GEV GE Vernova Inc. Common Stock $247,895 0.05% 211 Up ×1
DKS Dick's Sporting Goods Inc Common Stock $241,779 0.05% 1,066 $-29,680 Down ×2
WTRG Essential Utilities, Inc. Common Stock $239,438 0.05% 6,250 $-12,250
HD Home Depot, Inc. (The) Common Stock $232,416 0.05% 659 $-45,167 Down ×1
MU Micron Technology, Inc. - Common Stock $232,012 0.05% 201 Up ×1
EFA $228,848 0.05% 2,203 $14,871
META Meta Platforms, Inc. - Class A Common Stock $217,430 0.04% 386 $-3,412
WSO Watsco, Inc. Common Stock $210,032 0.04% 504 $-41,347 Down ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
JQUA $5,657,102 1.15% up ×3
AWK $1,079,351 0.22% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
APH $3,616,676 20,512 0.73%
TMO $3,552,637 7,086 0.72%
NOW $3,400,439 34,251 0.69%
ANET $3,353,431 19,740 0.68%
COIN $2,930,817 20,048 0.59%
GEV $247,895 211 0.05%
MU $232,012 201 0.05%
RHP $209,279 1,628 0.04%

Top movers (QoQ)

Security Action Shares Δ Value Δ
LRCX Trimmed -5K +$14.6M
FTNT Trimmed -9K +$11.1M
NFLX Trimmed -8K -$4.2M
GOOGL Trimmed -5K +$4.0M
CME Trimmed -2K -$3.7M
INTU Trimmed -2K -$3.2M
UNH Trimmed -2K +$3.0M
AAPL Trimmed -4K +$2.5M
VO Bought more +368K +$2.3M
AMZN Trimmed -5K +$2.1M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
EA Dec. 31, 2025 44,637 $9,003,265 No longer tracked
ZTS June 30, 2026 61,932 $7,320,982 6.6%
ABT June 30, 2026 48,300 $4,958,964 26.1%
FANG June 30, 2025 30,402 $4,860,672 54.0%
PYPL June 30, 2026 52,847 $2,390,270 44.1%
ALGN Dec. 31, 2025 11,881 $1,487,739 1.7%
VZ June 30, 2025 30,130 $1,366,697 14.2%
BCC June 30, 2025 4,907 $481,328 -5.4%
XOM June 30, 2025 3,378 $401,746 54.4%
AES June 30, 2025 30,690 $381,170 40.4%
DFAC June 30, 2025 11,065 $365,018 No longer tracked
WSM June 30, 2025 2,010 $317,781 44.8%
TXN Dec. 31, 2025 1,673 $307,380 52.8%
ULXXXX March 31, 2026 4,686 $306,464 No longer tracked
GS June 30, 2025 526 $287,349 44.7%
KDP Sept. 30, 2025 8,318 $274,993 24.9%
EXR Sept. 30, 2025 1,693 $249,616 4.6%
BDX Dec. 31, 2025 1,275 $238,642 23.7%
MDLZ Dec. 31, 2025 3,510 $219,270 19.1%
SYK June 30, 2025 588 $218,883 -16.4%
LLY June 30, 2025 263 $217,214 60.3%
PAYX June 30, 2026 2,353 $216,758 24.1%
ARES June 30, 2026 1,967 $214,600 28.1%
CHD June 30, 2025 1,905 $209,721 1.4%
IWF March 31, 2026 442 $209,199 No longer tracked
WMT June 30, 2026 1,681 $208,915 -8.9%