# Fulcrum Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1724090. Source: https://holderbook.com/funds/1724090-fulcrum-capital-llc/

- Reported value: $492.9M
- Positions: 103
- Weight of the ten largest: 53.1%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $40.3M | 500,094 | 8.2% | 17 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $30.9M | 71,266 | 6.3% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $30.1M | 80,597 | 6.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.8M | 96,103 | 5.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $27.1M | 75,937 | 5.5% | 5 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $25.4M | 165,206 | 5.1% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $24.6M | 103,117 | 5.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $23.8M | 119,069 | 4.8% | 23 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $17.4M | 35,345 | 3.5% | 26 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $14.2M | 27,611 | 2.9% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $12.5M | 38,230 | 2.5% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $11.9M | 131,371 | 2.4% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $10.6M | 47,571 | 2.2% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $10.0M | 24,600 | 2.0% | 28 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $9.8M | 23,494 | 2.0% | 11 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $9.6M | 134,950 | 2.0% | 17 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $9.0M | 40,893 | 1.8% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $8.3M | 52,163 | 1.7% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $7.9M | 15,958 | 1.6% | 17 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $7.8M | 33,104 | 1.6% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $7.4M | 14,244 | 1.5% | 14 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $7.2M | 35,054 | 1.5% | 31 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $6.9M | 58,714 | 1.4% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $6.9M | 95,466 | 1.4% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.3M | 73,069 | 1.3% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.2M | 45,590 | 1.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $5.7M | 78,266 | 1.1% | 8 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $5.5M | 12,220 | 1.1% | 28 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $4.6M | 28,360 | 0.9% | 21 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.5M | 3,758 | 0.9% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.3M | 5,678 | 0.9% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $4.2M | 32,427 | 0.9% | 18 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.6M | 20,512 | 0.7% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.6M | 7,086 | 0.7% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $3.5M | 13,243 | 0.7% | 17 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $3.4M | 34,251 | 0.7% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.4M | 19,740 | 0.7% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $2.9M | 20,048 | 0.6% | 1 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $2.9M | 43,272 | 0.6% | 6 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $2.8M | 132,858 | 0.6% | 3 |
| MORGAN STANLEY ETF TRUST | [CVLC](https://holderbook.com/stocks/CVLC/) | $2.6M | 27,019 | 0.5% | 10 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.2M | 25,338 | 0.5% | 6 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.0M | 5,476 | 0.4% | 25 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.7M | 10,765 | 0.3% | 15 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.6M | 14,713 | 0.3% | 22 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.5M | 5,458 | 0.3% | 31 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $1.4M | 75,291 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,186 | 0.2% | 29 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.1M | 8,203 | 0.2% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 4,031 | 0.2% | 11 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $982.3K | 4,328 | 0.2% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $822.9K | 8,520 | 0.2% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $821.9K | 2,326 | 0.2% | 31 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $756.0K | 2,040 | 0.2% | 15 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $725.7K | 22,885 | 0.1% | 15 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $706.3K | 4,100 | 0.1% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $694.5K | 930 | 0.1% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $639.1K | 1,863 | 0.1% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $624.2K | 7,680 | 0.1% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $602.1K | 1,594 | 0.1% | 14 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $577.8K | 3,704 | 0.1% | 15 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $561.8K | 2,512 | 0.1% | 7 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $545.7K | 2,420 | 0.1% | 15 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $493.6K | 1,429 | 0.1% | 7 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $485.7K | 681 | 0.1% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $477.7K | 1,291 | 0.1% | 23 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $476.0K | 3,000 | 0.1% | 15 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $459.6K | 4,498 | 0.1% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $458.9K | 1,824 | 0.1% | 17 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $454.0K | 5,480 | 0.1% | 6 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $445.5K | 2,131 | 0.1% | 12 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $420.4K | 4,089 | 0.1% | 16 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $405.9K | 3,600 | 0.1% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $405.5K | 2,194 | 0.1% | 28 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $401.2K | 2,050 | 0.1% | 15 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $391.9K | 957 | 0.1% | 15 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $375.9K | 2,078 | 0.1% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $375.9K | 3,200 | 0.1% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $365.3K | 2,491 | 0.1% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $339.8K | 3,285 | 0.1% | 3 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $334.8K | 2,787 | 0.1% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $327.6K | 8,911 | 0.1% | 14 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $315.9K | 7,719 | 0.1% | 14 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $296.6K | 3,655 | 0.1% | 14 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $296.6K | 737 | 0.1% | 14 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $292.5K | 1,420 | 0.1% | 10 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $274.7K | 2,642 | 0.1% | 14 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $267.0K | 4,441 | 0.1% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $264.9K | 11,000 | 0.1% | 4 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $260.8K | 3,000 | 0.1% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $251.7K | 503 | 0.1% | 15 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $250.1K | 839 | 0.1% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $247.9K | 211 | 0.1% | 1 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $241.8K | 1,066 | 0.0% | 4 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $239.4K | 6,250 | 0.0% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $232.4K | 659 | 0.0% | 15 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $232.0K | 201 | 0.0% | 1 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $228.8K | 2,203 | 0.0% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $217.4K | 386 | 0.0% | 6 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $210.0K | 504 | 0.0% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| 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% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $492.9M | 103 |
| Q1 2026 | $460.6M | 101 |
| Q4 2025 | $498.0M | 99 |
| Q3 2025 | $487.7M | 100 |
| Q2 2025 | $472.8M | 99 |
| Q1 2025 | $451.1M | 106 |
| Q4 2024 | $477.6M | 113 |
| Q3 2024 | $459.1M | 109 |
| Q2 2024 | $439.2M | 108 |
| Q1 2024 | $421.4M | 116 |
| Q4 2023 | $386.7M | 119 |
| Q3 2023 | $344.5M | 109 |