# Fulcrum Equity Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1737888. Source: https://holderbook.com/funds/1737888-fulcrum-equity-management/

- Reported value: $136.4M
- Positions: 141
- Weight of the ten largest: 42.6%
- Filed: 2026-07-09

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 |
|---|---|---|---|---|---|
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $12.3M | 74,778 | 9.0% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $11.0M | 2,608 | 8.1% | 9 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $9.4M | 46,192 | 6.9% | 11 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $6.4M | 33,430 | 4.7% | 28 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $4.5M | 51,928 | 3.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.5M | 22,507 | 3.3% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.1M | 10,632 | 2.3% | 11 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.5M | 28,313 | 1.8% | 19 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.3M | 42,945 | 1.7% | 22 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $2.3M | 14,031 | 1.7% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.1M | 5,971 | 1.6% | 10 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $2.1M | 219 | 1.5% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.0M | 4,038 | 1.5% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.9M | 10,482 | 1.4% | 24 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.9M | 16,900 | 1.4% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.6M | 13,229 | 1.1% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5M | 6,460 | 1.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.5M | 46,574 | 1.1% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 3,916 | 1.1% | 12 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $1.4M | 13,465 | 1.1% | 14 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.4M | 708 | 1.0% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.4M | 3,667 | 1.0% | 12 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $1.2M | 7,846 | 0.9% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,757 | 0.9% | 12 |
| ROUNDHILL ETF TRUST | - | $1.2M | 16,299 | 0.9% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.2M | 1,007 | 0.9% | 8 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $1.1M | 39,412 | 0.8% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 1,943 | 0.8% | 2 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $1.1M | 3,887 | 0.8% | 3 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.1M | 11,699 | 0.8% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.0M | 836 | 0.7% | 4 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $973.6K | 18,331 | 0.7% | 2 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $966.7K | 20,948 | 0.7% | 12 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $936.1K | 6,807 | 0.7% | 9 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $920.4K | 29,836 | 0.7% | 1 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $919.7K | 18,338 | 0.7% | 2 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $915.1K | 13,456 | 0.7% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $868.3K | 1,201 | 0.6% | 3 |
| ARK ETF TR | [ARKG](https://holderbook.com/stocks/ARKG/) | $841.2K | 0 | 0.6% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $820.9K | 1,719 | 0.6% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $785.3K | 1,394 | 0.6% | 10 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $785.2K | 3,561 | 0.6% | 31 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $775.4K | 3,415 | 0.6% | 9 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $728.5K | 1,681 | 0.5% | 3 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $708.8K | 9,313 | 0.5% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $699.2K | 691 | 0.5% | 9 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $676.1K | 3,834 | 0.5% | 5 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $659.8K | 19,498 | 0.5% | 9 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $655.7K | 12,383 | 0.5% | 1 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $643.8K | 17,589 | 0.5% | 2 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $623.2K | 4,206 | 0.5% | 1 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $605.3K | 2,400 | 0.4% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $601.4K | 521 | 0.4% | 1 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $598.4K | 13,198 | 0.4% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $591.5K | 4,326 | 0.4% | 23 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $585.8K | 6,619 | 0.4% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $552.0K | 590 | 0.4% | 9 |
| MANAGED PORTFOLIO SER | [KAMO](https://holderbook.com/stocks/KAMO/) | $543.9K | 22,073 | 0.4% | 3 |
| FIRST TR EXCHANGE-TRADED FD | [FTXL](https://holderbook.com/stocks/FTXL/) | $542.3K | 1,903 | 0.4% | 3 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $516.8K | 9,909 | 0.4% | 8 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $506.1K | 3,998 | 0.4% | 31 |
| INVESCO EXCHANGE TRADED FD T | [PTF](https://holderbook.com/stocks/PTF/) | $500.4K | 3,671 | 0.4% | 1 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $495.4K | 9,265 | 0.4% | 3 |
| INVESCO EXCHANGE TRADED FD T | [PSI](https://holderbook.com/stocks/PSI/) | $494.1K | 2,631 | 0.4% | 3 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $489.1K | 8,700 | 0.4% | 3 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $482.5K | 5,430 | 0.4% | 2 |
| TIDAL TRUST I | [GRNY](https://holderbook.com/stocks/GRNY/) | $482.5K | 17,449 | 0.4% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $481.7K | 4,129 | 0.4% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $473.1K | 20,455 | 0.3% | 9 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $456.6K | 8,661 | 0.3% | 4 |
| FIRST TR EXCHANGE TRADED FD | [AIRR](https://holderbook.com/stocks/AIRR/) | $450.0K | 3,377 | 0.3% | 1 |
| ABRDN PRECIOUS METALS BASKET | [GLTR](https://holderbook.com/stocks/GLTR/) | $439.3K | 2,425 | 0.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [KNCT](https://holderbook.com/stocks/KNCT/) | $435.1K | 2,063 | 0.3% | 3 |
| INVESCO EXCH TRADED FD TR II | [PSCT](https://holderbook.com/stocks/PSCT/) | $434.9K | 4,706 | 0.3% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $432.1K | 1,156 | 0.3% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $416.7K | 1,222 | 0.3% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $413.8K | 1,389 | 0.3% | 2 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $409.9K | 17,994 | 0.3% | 2 |
| LIQUIDIA CORPORATION | [LQDA](https://holderbook.com/stocks/LQDA/) | $399.0K | 5,005 | 0.3% | 1 |
| MANAGED PORTFOLIO SER | [KHPI](https://holderbook.com/stocks/KHPI/) | $392.7K | 15,208 | 0.3% | 7 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $388.9K | 2,662 | 0.3% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $388.1K | 1,131 | 0.3% | 3 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $383.9K | 1,855 | 0.3% | 5 |
| SPDR SERIES TRUST | [ROKT](https://holderbook.com/stocks/ROKT/) | $361.0K | 3,021 | 0.3% | 2 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $353.1K | 7,010 | 0.3% | 2 |
| INVESCO EXCHANGE TRADED FD T | [CSD](https://holderbook.com/stocks/CSD/) | $348.6K | 2,328 | 0.3% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $346.1K | 802 | 0.3% | 1 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $344.3K | 4,560 | 0.3% | 3 |
| BONDBLOXX ETF TRUST | [XTEN](https://holderbook.com/stocks/XTEN/) | $344.2K | 7,551 | 0.3% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $343.2K | 971 | 0.3% | 1 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $342.3K | 1,713 | 0.3% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $338.7K | 1,994 | 0.2% | 4 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $337.8K | 5,949 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $330.0K | 6,493 | 0.2% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $329.7K | 895 | 0.2% | 3 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $328.1K | 3,471 | 0.2% | 9 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $327.6K | 1,147 | 0.2% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $322.8K | 1,283 | 0.2% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $321.8K | 2,305 | 0.2% | 1 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $318.7K | 3,352 | 0.2% | 4 |

## 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 | +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% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $136.4M | 141 |
| Q1 2026 | $103.5M | 125 |
| Q4 2025 | $104.5M | 117 |
| Q3 2025 | $98.7M | 94 |
| Q2 2025 | $97.4M | 102 |
| Q1 2025 | $91.6M | 96 |
| Q4 2024 | $101.1M | 110 |
| Q3 2024 | $118.4M | 137 |
| Q2 2024 | $111.4M | 130 |
| Q1 2024 | $84.8M | 109 |
| Q4 2023 | $161.8M | 91 |
| Q3 2023 | $85.4M | 95 |