Fulcrum Equity Management
Long book
$102.7M
Q1 2026
Positions
123
Top-10 weight
42%
concentration
Last quarter
-2.0%
SPY -4.4%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsFulcrum Equity Management is a wealth-management firm allocating client money, running a $102.7M US long book across 123 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P TOTAL U.S., ISHARES MSCI WORLD ETF, ONEOK INC, SS TECHNOLOGY SELECT SECTOR, NVIDIA CORP.
Over the last 8 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+6.4%
Q3 2024
+1.3%
Q4 2024
-2.3%
Q1 2025
+7.6%
Q2 2025
+6.5%
Q3 2025
+2.3%
Q4 2025
-2.0%
Sector allocation
Technology 37%
Utilities 14%
Consumer discretionary 14%
Industrials 11%
Financials 10%
Energy 3%
Services media 3%
Healthcare 3%
Long book by quarter
What does Fulcrum Equity own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| OKE ONEOK INC | Utilities | 51.5K | $4.7M | 4.5% | +1.3% |
| NVDA NVIDIA CORP | Technology | 22.7K | $4.0M | 3.9% | +7.7% |
| AAPL APPLE INC | Technology | 10.4K | $2.6M | 2.6% | +13.7% |
| WMT WALMART INC | Consumer discretionary | 16.8K | $2.1M | 2.0% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.0K | $1.9M | 1.9% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 5.8K | $1.7M | 1.6% | +0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.8K | $1.4M | 1.4% | -4.5% |
| MSFT MICROSOFT CORP | Technology | 3.3K | $1.2M | 1.2% | -7.0% |
| JPM JPMORGAN CHASE & CO | Financials | 3.7K | $1.1M | 1.1% | +2.0% |
| TSLA TESLA INC | Industrials | 2.6K | $974K | 0.9% | +4.7% |
| AVGO BROADCOM INC | Technology | 3.1K | $967K | 0.9% | +2.1% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 676 | $893K | 0.9% | +6.8% |
| META META PLATFORMS INC-CLASS A | Technology | 1.5K | $858K | 0.8% | -18.8% |
| GEV GE VERNOVA INC | Industrials | 970 | $847K | 0.8% | +0.2% |
| LLY ELI LILLY & CO | Healthcare | 915 | $842K | 0.8% | +19.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 3.5K | $837K | 0.8% | +0.5% |
| XOM EXXON MOBIL CORP | Energy | 4.4K | $750K | 0.7% | +4.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 610 | $608K | 0.6% | +1.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 706 | $597K | 0.6% | +2.6% |
| APH AMPHENOL CORP-CL A | Technology | 4.6K | $582K | 0.6% | +11.3% |
| DUK DUKE ENERGY CORP | Utilities | 4.0K | $520K | 0.5% | +0.6% |
| AMAT APPLIED MATERIALS INC | Technology | 1.2K | $411K | 0.4% | +19.8% |
| NFLX NETFLIX INC | Services media | 4.1K | $392K | 0.4% | -4.6% |
| LRCX LAM RESEARCH CORP | Industrials | 1.8K | $378K | 0.4% | +30.6% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 2.7K | $352K | 0.3% | +1.3% |
| GE GENERAL ELECTRIC | Industrials | 1.2K | $349K | 0.3% | +6.8% |
| ASTS AST SPACEMOBILE INC | Communications | 4.1K | $339K | 0.3% | New |
| V VISA INC-CLASS A SHARES | Services media | 1.1K | $335K | 0.3% | -4.8% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 2.2K | $329K | 0.3% | -6.1% |
| TTE TOTALENERGIES SE | Energy | 3.3K | $304K | 0.3% | Held |
| RY ROYAL BANK OF CANADA | Financials | 1.8K | $299K | 0.3% | +1.4% |
| KO COCA-COLA CO/THE | Consumer staples | 3.9K | $297K | 0.3% | +0.7% |
| ABBV ABBVIE INC | Healthcare | 1.4K | $295K | 0.3% | +3.4% |
| NBIS NEBIUS GROUP NV | Technology | 2.7K | $283K | 0.3% | -4.2% |
| ALKT ALKAMI TECHNOLOGY INC | Technology | 16.9K | $264K | 0.3% | New |
| ENB ENBRIDGE INC | Energy | 4.8K | $260K | 0.3% | +2.0% |
| ORCL ORACLE CORP | Technology | 1.8K | $259K | 0.3% | -9.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 2, 2026 | 128 | $103.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 117 | $104.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Jan 6, 2026 | 94 | $98.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 25, 2025 | 102 | $97.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 96 | $91.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 24, 2025 | 110 | $101.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 22, 2024 | 137 | $118.4M | SEC ↗ | |
| Q3 2024 | 13F-HR/ARESTATEMENT | Nov 22, 2024 | 137 | $118.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 130 | $111.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 109 | $84.8M | canonical | SEC ↗ |