Fulcrum Equity Management

CIK 1737888 · View on SEC EDGAR ↗

Portfolio value
$136.4M
#7,680 of 9,443 by 13F value · top 81.3%
Positions
144
As of
June 30, 2026

Portfolio value QoQ: +32.1% 13F does not disclose cash

Top 10 holdings weight
41.67%
Top 25 holdings weight
59.29%
Positions above 1%
22
Effective number of positions
36.3

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

Turnover Q2 2026: 11.8% Est. buys $28,170,360 · sells $14,140,612

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 56.5% still held

New positions
38
Increased
52
Decreased
38
Closed
21

Put-notional exposure: 7.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Sector breakdown

Technology
15.1%
Consumer Discretionary
8.3%
Energy
4.1%
Retail
3.5%
Industrials
2.9%
Communication Services
2.4%
Financials
2.0%
Healthcare
1.5%
Financial Services
1.1%
Communications
0.9%
Telecommunication
0.7%
Real Estate
0.4%
Utilities
0.4%
Consumer Staples
0.4%
Materials
0.2%
Other/Unmapped
56.3%

Full portfolio 144 positions

Type Streak 8Q trend
ITOT $12,283,810 9.01% 74,778 $1,643,170 Up ×1
TSLA Tesla, Inc. - Common Stock $9,673,800 7.09% 23,000 Put option $9,240,918 Up ×1
URTH $9,360,347 6.86% 46,192 $1,044,863
XLK XLK $6,369,064 4.67% 33,430 $1,749,550 Down ×1
OKE ONEOK, Inc. Common Stock $4,514,614 3.31% 51,928 $-145,007 Up ×1
NVDA NVIDIA Corporation - Common Stock $4,503,346 3.30% 22,507 $537,832 Down ×1
AAPL Apple Inc. - Common Stock $3,076,396 2.26% 10,632 $430,398 Up ×1
SPYM $2,488,129 1.82% 28,313 $1,050,000 Up ×1
XLF XLF $2,302,308 1.69% 42,945 $904,533 Up ×1
SPMO $2,266,535 1.66% 14,031 $1,915,577 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,133,875 1.56% 5,971 $455,001 Up ×1
TLT iShares 20+ Year Treasury Bond ETF $2,074,080 1.52% 24,000 Call option $2,066,902
BRKB $2,020,575 1.48% 4,038 $89,399 Up ×1
XLI XLI $1,941,553 1.42% 10,482 $528,641 Up ×1
WMT Walmart Inc. - Common Stock $1,914,056 1.40% 16,900 $-177,871 Up ×1
XLY XLY $1,551,546 1.14% 13,229 $311,006 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,539,676 1.13% 6,460 $122,190 Down ×1
SCHD $1,476,851 1.08% 46,574 $-859,525 Down ×1
MSFT Microsoft Corporation - Common Stock $1,460,818 1.07% 3,916 $232,306 Up ×1
XLC XLC $1,442,478 1.06% 13,465 $-331,885 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $1,408,524 1.03% 708 $515,643 Up ×1
AVGO Broadcom Inc. - Common Stock $1,385,253 1.02% 3,667 $418,392 Up ×1
XLV XLV $1,244,774 0.91% 7,846 $-199,959 Down ×1
JPM JP Morgan Chase & Co. Common Stock $1,229,871 0.90% 3,757 $127,948 Up ×1
Unknown issuer (CUSIP: 77926X320) $1,203,681 0.88% 16,299 Up ×1
GEV GE Vernova Inc. Common Stock $1,183,084 0.87% 1,007 $336,371 Up ×1
SCHB $1,141,380 0.84% 39,412 $441,457 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,128,708 0.83% 1,943 $888,661 Up ×1
TSLA Tesla, Inc. - Common Stock $1,096,925 0.80% 2,608 $122,568 Down ×1
NBIS Nebius Group N.V. - Class A Ordinary Shares $1,073,473 0.79% 3,887 $790,519 Up ×1
BIL $1,072,096 0.79% 11,699 $297,555 Up ×1
LLY Eli Lilly and Company Common Stock $1,002,678 0.74% 836 $160,666 Down ×1
XLE XLE $973,559 0.71% 18,331 $-806,359 Down ×1
IUSB iShares Core Universal USD Bond ETF $966,740 0.71% 20,948 $424,681 Up ×1
IVW $936,126 0.69% 6,807 $232,354 Up ×1
FLRN $920,441 0.67% 29,836 Up ×1
GSY $919,651 0.67% 18,338 $233,652 Up ×1
DYNF $915,129 0.67% 13,456 $141,140 Up ×1
AMAT Applied Materials, Inc. - Common Stock $868,332 0.64% 1,201 $457,159 Down ×1
ARKG $841,200 0.62% 20,000 Call option $815,200
TSM Taiwan Semiconductor Manufacturing Company Ltd. $820,943 0.60% 1,719 $430,611 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $785,286 0.58% 1,394 $-72,416 Down ×1
LOW Lowe's Companies, Inc. Common Stock $785,205 0.58% 3,561 $-52,072 Up ×1
IVE $775,415 0.57% 3,415 $-84,956 Down ×1
LRCX Lam Research Corporation - Common Stock $728,452 0.53% 1,681 $350,695 Down ×1
ACWX iShares MSCI ACWI ex U.S. ETF $708,779 0.52% 9,313 $189,160 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $699,229 0.51% 691 $101,765 Down ×1
APH Amphenol Corporation Common Stock $676,074 0.50% 3,834 $94,084 Down ×1
SCHG $659,822 0.48% 19,498 $412,782 Up ×1
CLOI $655,680 0.48% 12,383
CORO iShares International Country Rotation Active ETF $643,757 0.47% 17,589 $85,484 Up ×1
AAOI Applied Optoelectronics, Inc. - Common Stock $623,161 0.46% 4,206 Up ×1
IYW $605,326 0.44% 2,400 $253,330 Up ×1
MU Micron Technology, Inc. - Common Stock $601,385 0.44% 521 Up ×1
XLU XLU $598,413 0.44% 13,198 $-210,063 Down ×1
XOM Exxon Mobil Corporation Common Stock $591,469 0.43% 4,326 $-158,791 Down ×1
REMX $585,782 0.43% 6,619 $-39,018 Down ×1
COST Costco Wholesale Corporation - Common Stock $552,045 0.40% 590 $-55,874 Down ×1
KAMO $543,880 0.40% 22,073 $-32,841 Down ×1
FTXL First Trust Nasdaq Semiconductor ETF $542,309 0.40% 1,903 $200,464 Down ×1
AHR American Healthcare REIT, Inc. Common Stock $516,754 0.38% 9,909 $49,634 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $506,063 0.37% 3,998 $-14,003 Up ×1
PTF Invesco Dorsey Wright Technology Momentum ETF $500,394 0.37% 3,671
SLV $495,400 0.36% 9,265 $-140,687 Down ×1
PSI $494,126 0.36% 2,631 $195,507 Down ×1
SIVR $489,114 0.36% 8,700 $-133,893
ASTS AST SpaceMobile, Inc. - Class A Common Stock $482,510 0.35% 5,430 $143,240 Up ×1
GRNY $482,465 0.35% 17,449 $199,009 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $481,730 0.35% 4,129 $153,039 Up ×1
SCHZ $473,113 0.35% 20,455 $49,247 Up ×1
BAI $456,629 0.33% 8,661 $76,274 Down ×1
AIRR First Trust RBA American Industrial Renaissance ETF $449,985 0.33% 3,377
GLTR $439,289 0.32% 2,425 $-91,107
KNCT $435,102 0.32% 2,063 $170,414 Up ×1
PSCT Invesco S&P SmallCap Information Technology ETF $434,885 0.32% 4,706 $218,136 Up ×1
GE GE Aerospace Common Stock $432,059 0.32% 1,156 $83,013 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $416,726 0.31% 1,222 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $413,769 0.30% 1,389 $212,598 Down ×1
GOVT $409,897 0.30% 17,994 $43,328 Up ×1
LQDA Liquidia Corporation - Common Stock $399,049 0.29% 5,005 Up ×1
KHPI $392,660 0.29% 15,208 $-46,294 Down ×1
JCI Johnson Controls International plc Ordinary Share $388,945 0.29% 2,662 $37,213 Down ×1
V Visa Inc. $388,092 0.28% 1,131 $52,874 Up ×1
RY Royal Bank Of Canada Common Stock $383,929 0.28% 1,855 $85,283 Up ×1
ROKT $360,970 0.26% 3,021 $69,950 Up ×1
BLCR iShares Large Cap Core Active ETF $353,071 0.26% 7,010 $80,760 Up ×1
CSD $348,558 0.26% 2,328 $117,242 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $346,101 0.25% 802 Up ×1
IAU $344,326 0.25% 4,560 $-57,684
XTEN $344,163 0.25% 7,551 $-188,285 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $343,151 0.25% 971 Up ×1
VLUE $342,275 0.25% 1,713 Up ×1
ANET Arista Networks, Inc. Common Stock $338,741 0.25% 1,994 $95,268 Up ×1
QQQI NEOS Nasdaq 100 High Income ETF $337,821 0.25% 5,949 Up ×1
XLB XLB $330,039 0.24% 6,493 $-226,027 Down ×1
GLD $329,700 0.24% 895 $-55,410
MBB iShares MBS ETF $328,059 0.24% 3,471 $34,823 Up ×1
FTEC $327,579 0.24% 1,147
ABBV AbbVie Inc. Common Stock $322,799 0.24% 1,283 $28,151 Down ×1
INTC Intel Corporation - Common Stock $321,847 0.24% 2,305 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 77926X320) $1,203,681 16,299 0.88%
FLRN $920,441 29,836 0.67%
CLOI $655,680 12,383 0.48%
AAOI $623,161 4,206 0.46%
MU $601,385 521 0.44%
PTF $500,394 3,671 0.37%
AIRR $449,985 3,377 0.33%
PANW $416,726 1,222 0.31%
LQDA $399,049 5,005 0.29%
DELL $346,101 802 0.25%
GOOG $343,151 971 0.25%
VLUE $342,275 1,713 0.25%
QQQI $337,821 5,949 0.25%
FTEC $327,579 1,147 0.24%
INTC $321,847 2,305 0.24%

Top movers (QoQ)

Security Action Shares Δ Value Δ
XLK Trimmed -1K +$1.7M
ITOT Bought more +70 +$1.6M
SPYM Bought more +10K +$1.1M
URTH Price move only +0 +$1.0M
XLF Bought more +15K +$905K
AMD Bought more +763 +$889K
SCHD Trimmed -30K -$860K
XLE Trimmed -11K -$806K
NBIS Bought more +1K +$791K
NVDA Trimmed -231 +$538K

4 positions hidden (data completeness check)

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
SPLV Sept. 30, 2025 66,540 $4,845,430 No longer tracked
RSP June 30, 2025 27,302 $4,729,523 No longer tracked
KBWP March 31, 2025 15,553 $1,805,081
KIE Sept. 30, 2025 24,649 $1,472,536 No longer tracked
QQQM March 31, 2025 6,352 $1,336,696
IYF March 31, 2025 11,341 $1,254,124 No longer tracked
SKYY March 31, 2025 10,516 $1,252,666
XLP Sept. 30, 2025 15,432 $1,249,529 No longer tracked
UTES March 31, 2025 19,253 $1,227,354 No longer tracked
FCOM March 31, 2025 20,504 $1,203,608 No longer tracked
VOX March 31, 2025 7,740 $1,199,342 No longer tracked
IAI March 31, 2025 8,194 $1,180,717 No longer tracked
SPLV June 30, 2026 15,440 $1,129,254 No longer tracked
PTF March 31, 2025 15,454 $1,121,342
PPA June 30, 2025 9,556 $1,113,718 No longer tracked
ACIO March 31, 2025 27,642 $1,112,303 No longer tracked
XTL June 30, 2025 10,900 $1,089,462 No longer tracked
ENFR Sept. 30, 2025 33,442 $1,078,181 No longer tracked
ISHP June 30, 2025 27,718 $1,000,620
EINC Sept. 30, 2025 9,871 $974,194 No longer tracked
EMLP Sept. 30, 2025 25,819 $968,482 No longer tracked
MINT June 30, 2025 9,460 $951,886 No longer tracked
IETC June 30, 2025 12,592 $943,670 No longer tracked
VFH June 30, 2025 7,893 $942,997 No longer tracked
FXU Sept. 30, 2025 21,953 $930,360 No longer tracked
VST March 31, 2025 6,602 $910,203 18.5%
SCHA June 30, 2025 38,705 $906,859 No longer tracked
XLP June 30, 2026 10,783 $883,952 No longer tracked
FDN June 30, 2025 3,961 $879,936 No longer tracked
MLPX Sept. 30, 2025 13,972 $875,491 No longer tracked
IAK Sept. 30, 2025 6,351 $853,910 No longer tracked
ILCG March 31, 2025 9,472 $848,649 No longer tracked
KCE March 31, 2025 5,963 $821,052 No longer tracked
LDUR June 30, 2026 8,362 $801,235 No longer tracked
AVSF June 30, 2026 17,107 $800,603 No longer tracked
SHY Sept. 30, 2025 9,475 $785,099
JPST June 30, 2025 14,456 $731,902 No longer tracked
SILA June 30, 2026 30,802 $729,391 No longer tracked
LST June 30, 2026 17,802 $720,096 No longer tracked
RECS March 31, 2025 20,638 $714,477 No longer tracked
RSPU March 31, 2025 10,627 $698,510 No longer tracked
VPU March 31, 2025 4,238 $692,567 No longer tracked
VONG March 31, 2025 6,161 $636,446
GSST June 30, 2025 11,121 $562,062 No longer tracked
ACWV Sept. 30, 2025 4,310 $511,037 No longer tracked
HYG Sept. 30, 2025 5,769 $465,297 No longer tracked
BKHY Sept. 30, 2025 8,944 $431,869 No longer tracked
XES June 30, 2026 3,635 $422,894 No longer tracked
PXJ June 30, 2026 10,147 $420,532 No longer tracked
NFLX June 30, 2026 4,081 $392,388 11.4%
TLT June 30, 2025 4,258 $387,565
FLHY Sept. 30, 2025 15,385 $374,629 No longer tracked
VLO Sept. 30, 2025 2,735 $367,586 103.2%
QUAL June 30, 2026 1,890 $362,457 No longer tracked
EFG Sept. 30, 2025 2,997 $335,643 No longer tracked
SBUX Sept. 30, 2025 3,636 $333,167 22.5%
CGMS June 30, 2025 11,877 $324,240 No longer tracked
MOO June 30, 2026 3,813 $322,199 No longer tracked
SSO March 31, 2025 3,463 $320,342 No longer tracked
CVX June 30, 2025 1,853 $309,988 44.3%
CSCO Sept. 30, 2025 4,464 $309,734 62.3%
EFV June 30, 2026 4,142 $307,950 No longer tracked
RSPG June 30, 2026 2,788 $305,202 No longer tracked
TMB Sept. 30, 2025 11,770 $299,549
TRGP Sept. 30, 2025 1,667 $290,266 82.7%
CLOI June 30, 2025 5,478 $289,469 No longer tracked
FLBL June 30, 2025 11,957 $287,795 No longer tracked
JPIE Sept. 30, 2025 5,933 $274,827 No longer tracked
NXST March 31, 2025 1,700 $268,626 3.7%
IAGG June 30, 2026 5,322 $266,309 No longer tracked
LMT March 31, 2025 531 $257,955 27.3%
CME Sept. 30, 2025 919 $253,237 1.1%
FTXG June 30, 2026 11,418 $252,747
IWM June 30, 2025 1,245 $248,367 No longer tracked
SSO Sept. 30, 2025 2,499 $244,191 No longer tracked
BBP June 30, 2026 2,889 $239,968 No longer tracked
CEF June 30, 2026 5,018 $239,459 No longer tracked
PEP June 30, 2025 1,589 $238,193 8.0%
CTRA June 30, 2026 6,723 $236,256 No longer tracked
TLN March 31, 2025 1,170 $235,720 58.1%
LLY June 30, 2025 284 $234,558 60.3%
IYZ March 31, 2025 8,495 $227,921 No longer tracked
PG June 30, 2025 1,330 $226,738 -10.1%
RTX Sept. 30, 2025 1,545 $225,601 27.1%
EMXC June 30, 2025 4,071 $224,278
KMB March 31, 2025 1,708 $223,803 -23.7%
CEG March 31, 2025 1,000 $223,710 35.2%
FDVV March 31, 2025 4,473 $223,382 No longer tracked
JQUA Sept. 30, 2025 3,700 $222,185 No longer tracked
COWG Sept. 30, 2025 6,313 $221,649
SPHD March 31, 2025 4,562 $220,390 No longer tracked
DHS March 31, 2025 2,341 $218,556 No longer tracked
CCL June 30, 2025 11,099 $216,763 -8.7%
PM Sept. 30, 2025 1,189 $216,553 17.0%
FCG June 30, 2026 6,817 $216,031 No longer tracked
HII March 31, 2025 1,142 $215,799 49.4%
CL June 30, 2025 2,300 $215,488 -0.7%
ATO June 30, 2025 1,393 $215,330 9.9%
KMB Sept. 30, 2025 1,662 $214,201 -12.8%
GD March 31, 2025 811 $213,609 42.3%
PSX Sept. 30, 2025 1,787 $213,243 78.7%
CASY June 30, 2026 292 $212,545 5.5%
RY March 31, 2025 1,730 $208,482 84.1%
UVV June 30, 2025 3,700 $207,391 -22.1%
PH Sept. 30, 2025 293 $204,715 33.5%
AMGN Sept. 30, 2025 732 $204,473 54.5%
VNOMXXXX June 30, 2025 4,517 $203,920 No longer tracked
IVV March 31, 2025 344 $202,349 No longer tracked
LST Sept. 30, 2025 5,500 $202,203 No longer tracked
INGR Sept. 30, 2025 1,477 $200,289 -12.1%
BITF June 30, 2026 30,500 $59,475 No longer tracked