Fulcrum Asset Management LLP

13F filer · CIK 0001353395

Reported Aug 18, 2026

Net buyer this quarter

13F portfolio value$1BU.S. long equity reported on 13F

Positions1,025833 new · 23 closed

Net flow last quarter+$305MBuys minus sells

Top 10 positions weight22.1%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 18, 20261,025 positions
NVDANvidia Corp	$45.3M	4.52%	0.00%	-21.8%	Q2 2020
AAPLApple Inc.	$33M	3.29%	0.00%	New	Q2 2026
MUMicron Technology Inc	$23.7M	2.36%	0.00%	-3.6%	Q2 2020
AMZNAmazon Com Inc	$20.4M	2.03%	0.00%	-20.2%	Q2 2020
MSFTMicrosoft Corp	$17.9M	1.78%	0.00%	-30.9%	Q2 2020
WMTWalmart Inc.	$17.8M	1.78%	0.00%	New	Q2 2026
CAHCardinal Health Inc	$16.6M	1.65%	0.03%	New	Q2 2026
AVGOBroadcom Inc.	$15.9M	1.59%	0.00%	-40.6%	Q2 2025
GOOGAlphabet Inc.	$15.7M	1.56%	Not reported	-29.8%	Q2 2025
MCKMckesson Corp	$15.5M	1.54%	0.02%	New	Q2 2026
METAMeta Platforms, Inc.	$15.3M	1.53%	Not reported	New	Q2 2026
CORCencora, Inc.	$14.6M	1.45%	0.03%	New	Q2 2026
IMCRImmunocore Holdings plc	$14.3M	1.43%	0.91%	New	Q2 2026
GOOGLAlphabet Inc.	$13.3M	1.33%	0.00%	-25.2%	Q2 2025
LLYELI LILLY & Co	$10.7M	1.06%	0.00%	New	Q2 2026
COSTCostco Wholesale Corp	$10.2M	1.02%	0.00%	Not reported	Q2 2020
PWRQuanta Services, Inc.	$9.93M	0.99%	0.01%	New	Q2 2026
TSLATesla, Inc.	$9.81M	0.98%	0.00%	New	Q2 2026
GEVGE Vernova Inc.	$9.51M	0.95%	0.00%	New	Q2 2026
FTNTFortinet, Inc.	$8.79M	0.88%	0.01%	Not reported	Q2 2020
APHAmphenol Corp	$7.53M	0.75%	0.00%	-14.9%	Q2 2025
XOMExxonMobil Holdings Corp	$7.4M	0.74%	0.00%	New	Q2 2026
SLBSLB Limited	$7.4M	0.74%	0.01%	-52.8%	Q2 2025
CATCaterpillar Inc	$7.4M	0.74%	0.00%	New	Q2 2026
KRKroger Co	$7.2M	0.72%	0.02%	New	Q2 2026
HWMHowmet Aerospace Inc.	$7.13M	0.71%	0.01%	New	Q2 2026
WWDWoodward, Inc.	$6.86M	0.68%	0.03%	New	Q2 2026
ANETArista Networks, Inc.	$6.85M	0.68%	0.00%	New	Q2 2026
MNSTMonster Beverage Corp	$6.54M	0.65%	0.01%	New	Q2 2026
RSGRepublic Services, Inc.	$6.41M	0.64%	0.01%	-50.2%	Q2 2020
AXPAmerican Express Co	$6.34M	0.63%	0.00%	New	Q2 2026
AMDAdvanced Micro Devices Inc	$6.2M	0.62%	0.00%	-15.1%	Q2 2020
BKRBaker Hughes Co	$6M	0.60%	0.01%	+21.2%	Q2 2025
ABTAbbott Laboratories	$5.88M	0.59%	0.00%	New	Q2 2026
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.87M	0.59%	0.00%	New	Q2 2026
MSMorgan Stanley	$5.75M	0.57%	0.00%	+52.7%	Q2 2025
CTVACorteva, Inc.	$5.68M	0.57%	0.01%	+140.3%	Q2 2025
AJGArthur J. Gallagher & Co.	$5.58M	0.56%	0.01%	+225.3%	Q2 2025
CVXChevron Corp	$5.55M	0.55%	0.00%	+54.8%	Q1 2026
PLDPrologis, Inc.	$5.41M	0.54%	0.00%	+585.0%	Q2 2020
NEENextera Energy Inc	$5.39M	0.54%	0.00%	-58.1%	Q2 2020
JNJJohnson & Johnson	$5.38M	0.54%	0.00%	-9.0%	Q2 2025
VRTVertiv Holdings Co	$5.33M	0.53%	0.00%	New	Q2 2026
SHOPShopify Inc.	$5.29M	0.53%	0.01%	Not reported	Q2 2020
TRVTravelers Companies, Inc.	$5.14M	0.51%	0.01%	Not reported	Q2 2025
IBKRInteractive Brokers Group, Inc.	$5.13M	0.51%	0.02%	-16.2%	Q2 2025
BACBank of America Corp	$5.08M	0.51%	0.00%	+56.9%	Q2 2025
OKTAOkta, Inc.	$4.99M	0.50%	Not reported	+1695.0%	Q2 2025
CMGChipotle Mexican Grill Inc	$4.97M	0.50%	0.01%	+132.4%	Q2 2025
VVisa Inc.	$4.97M	0.50%	0.00%	-41.7%	Q2 2025

Q1 2026Reported May 14, 2026215 positions
NVDANvidia Corp	$49.1M	7.41%	0.00%	+36.2%	Q2 2020
MSFTMicrosoft Corp	$25.2M	3.81%	0.00%	+19.0%	Q2 2020
DARDarling Ingredients Inc.	$22.1M	3.34%	0.23%	Not reported	Q2 2020
AMZNAmazon Com Inc	$21.4M	3.23%	0.00%	+26.3%	Q2 2020
AVGOBroadcom Inc.	$21.1M	3.19%	0.00%	+37.0%	Q2 2025
HALHalliburton Co	$20.1M	3.04%	0.06%	New	Q1 2026
SLBSLB Limited	$17.4M	2.63%	0.02%	+339.5%	Q2 2025
GOOGAlphabet Inc.	$17.3M	2.62%	Not reported	+44.8%	Q2 2025
WMWaste Management Inc	$16.3M	2.47%	0.02%	+369.1%	Q2 2020
GOOGLAlphabet Inc.	$13.8M	2.08%	0.00%	+12.2%	Q2 2025
NEENextera Energy Inc	$13.4M	2.02%	0.01%	+128.6%	Q2 2020
RSGRepublic Services, Inc.	$13.3M	2.01%	0.02%	+108.3%	Q2 2020
LBRTLiberty Energy Inc.	$12.3M	1.86%	Not reported	New	Q1 2026
PUMPProPetro Holding Corp.	$12.1M	1.83%	0.68%	New	Q1 2026
JPMJPMorgan Chase & Co	$10.9M	1.65%	0.00%	+4.2%	Q2 2025
PTENPatterson Uti Energy Inc	$10.4M	1.57%	0.25%	New	Q1 2026
WHDCactus, Inc.	$10.4M	1.57%	0.30%	New	Q1 2026
CFCF Industries Holdings, Inc.	$10.1M	1.52%	0.05%	Not reported	Q2 2020
HPHelmerich & Payne, Inc.	$9.77M	1.48%	0.27%	New	Q1 2026
DVNDevon Energy Corp	$9.36M	1.41%	0.03%	New	Q1 2026
GPREGreen Plains Inc.	$9M	1.36%	0.78%	New	Q1 2026
NOVNOV Inc.	$8.1M	1.22%	0.12%	New	Q1 2026
WCNWaste Connections, Inc.	$7.88M	1.19%	0.02%	+107.0%	Q2 2025
PBFPBF Energy Inc.	$7.67M	1.16%	Not reported	New	Q1 2026
VVisa Inc.	$7.48M	1.13%	0.00%	+4.7%	Q2 2025
FTITechnipFMC plc	$7.27M	1.10%	0.03%	New	Q1 2026
NTRNutrien Ltd.	$7.04M	1.06%	0.02%	+1464.5%	Q2 2020
MUMicron Technology Inc	$6.91M	1.04%	0.00%	-26.6%	Q2 2020
MAMastercard Inc	$6.59M	1.00%	0.00%	+4.5%	Q2 2025
APHAmphenol Corp	$6.33M	0.96%	0.00%	+264.7%	Q2 2025
DINOHF Sinclair Corp	$6.01M	0.91%	0.05%	New	Q1 2026
JNJJohnson & Johnson	$5.55M	0.84%	0.00%	+8.0%	Q2 2025
AEMAgnico Eagle Mines Ltd	$5.47M	0.83%	0.01%	+432.9%	Q2 2025
BKRBaker Hughes Co	$5.34M	0.81%	0.01%	-22.7%	Q2 2025
PSXPhillips 66	$5.11M	0.77%	0.01%	New	Q1 2026
KGCKinross Gold Corp	$5.01M	0.76%	0.01%	+550.0%	Q2 2025
ESEversource Energy	$4.5M	0.68%	0.02%	+3.8%	Q2 2020
CVXChevron Corp	$4.49M	0.68%	0.00%	New	Q1 2026
AMEAmetek Inc/	$4.48M	0.68%	0.01%	+3.8%	Q2 2025
IBKRInteractive Brokers Group, Inc.	$4.42M	0.67%	0.03%	+8.2%	Q2 2025
CLHClean Harbors Inc	$4.35M	0.66%	0.03%	+136.8%	Q2 2020
NBRNabors Industries Ltd	$4.32M	0.65%	0.31%	New	Q1 2026
PGRProgressive Corp	$4.27M	0.65%	0.00%	+3.7%	Q2 2025
MPCMarathon Petroleum Corp	$4.19M	0.63%	0.01%	New	Q1 2026
RGLDRoyal Gold Inc	$4.18M	0.63%	0.02%	Not reported	Q2 2020
OSKOshkosh Corp	$4.17M	0.63%	0.05%	New	Q1 2026
AMATApplied Materials Inc	$4.16M	0.63%	0.00%	+1.9%	Q2 2020
AAAlcoa Corp	$4.15M	0.63%	0.02%	New	Q1 2026
RESRPC Inc	$3.95M	0.60%	0.25%	New	Q1 2026
TDWTidewater Inc	$3.87M	0.58%	0.09%	+35.9%	Q2 2025

Q4 2025Reported Feb 5, 2026180 positions
NVDANvidia Corp	$40.9M	11.37%	0.00%	-1.4%	Q2 2020
MSFTMicrosoft Corp	$28.8M	8.01%	0.00%	+0.9%	Q2 2020
AMZNAmazon Com Inc	$19.6M	5.45%	0.00%	+7.3%	Q2 2020
AVGOBroadcom Inc.	$18.4M	5.11%	0.00%	-5.6%	Q2 2025
GOOGLAlphabet Inc.	$14.1M	3.92%	0.00%	-2.9%	Q2 2025
GOOGAlphabet Inc.	$13.8M	3.84%	Not reported	+10.9%	Q2 2025
JPMJPMorgan Chase & Co	$11.9M	3.31%	0.00%	-2.9%	Q2 2025
MUMicron Technology Inc	$8.56M	2.38%	0.00%	-14.1%	Q2 2020
VVisa Inc.	$8.44M	2.35%	0.00%	-2.9%	Q2 2025
MAMastercard Inc	$7.37M	2.05%	0.00%	-2.9%	Q2 2025
RSGRepublic Services, Inc.	$6.18M	1.72%	0.01%	-2.1%	Q2 2020
BKRBaker Hughes Co	$5.24M	1.46%	0.01%	-16.2%	Q2 2025
TRVTravelers Companies, Inc.	$5.14M	1.43%	0.01%	-2.9%	Q2 2025
NEENextera Energy Inc	$5.12M	1.42%	0.00%	-19.6%	Q2 2020
PGRProgressive Corp	$4.71M	1.31%	0.00%	-2.9%	Q2 2025
TMOThermo Fisher Scientific Inc.	$4.56M	1.27%	0.00%	-2.9%	Q2 2025
JNJJohnson & Johnson	$4.38M	1.22%	0.00%	-2.9%	Q2 2025
AMEAmetek Inc/	$4.29M	1.19%	0.01%	-3.6%	Q2 2025
ESEversource Energy	$4.28M	1.19%	0.02%	-8.6%	Q2 2020
IBKRInteractive Brokers Group, Inc.	$4.17M	1.16%	0.03%	-2.9%	Q2 2025
WCNWaste Connections, Inc.	$4.11M	1.14%	0.01%	-1.9%	Q2 2025
AEEAmeren Corp	$4.11M	1.14%	0.01%	+18.2%	Q2 2020
EDConsolidated Edison Inc	$4.07M	1.13%	0.01%	+16.5%	Q2 2020
BSXBoston Scientific Corp	$3.7M	1.03%	0.00%	-2.9%	Q2 2025
PANWPalo Alto Networks Inc	$3.45M	0.96%	0.00%	-2.9%	Q2 2020
WMWaste Management Inc	$3.36M	0.94%	0.00%	-1.8%	Q2 2020
AMATApplied Materials Inc	$3.28M	0.91%	0.00%	-2.9%	Q2 2020
SPGIS&P Global Inc.	$3.27M	0.91%	0.00%	-2.9%	Q2 2020
ADSKAutodesk, Inc.	$3.19M	0.89%	0.01%	-2.9%	Q2 2020
MSMorgan Stanley	$3.14M	0.87%	0.00%	-2.9%	Q2 2025
CPAYCorpay, Inc.	$3M	0.83%	0.01%	-2.9%	Q2 2025
BACBank of America Corp	$2.99M	0.83%	0.00%	-2.9%	Q2 2025
SLBSLB Limited	$2.96M	0.82%	0.01%	-56.7%	Q2 2025
AMDAdvanced Micro Devices Inc	$2.82M	0.78%	0.00%	+3.3%	Q2 2020
AWKAmerican Water Works Company, Inc.	$2.77M	0.77%	0.01%	-51.7%	Q2 2025
UNHUnitedhealth Group Inc	$2.72M	0.76%	0.00%	-2.9%	Q2 2025
TJXTJX Companies Inc	$2.55M	0.71%	0.00%	-2.9%	Q2 2020
ARESAres Management Corp	$2.54M	0.71%	0.01%	+1.9%	Q2 2025
TTWOTake Two Interactive Software Inc	$2.53M	0.70%	0.01%	-2.9%	Q2 2025
MRKMerck & Co., Inc.	$2.41M	0.67%	0.00%	-2.9%	Q2 2025
PEPPepsico Inc	$2.09M	0.58%	0.00%	-2.9%	Q2 2025
CICigna Group	$2.07M	0.58%	0.00%	-2.9%	Q2 2025
WEXWEX Inc.	$2.07M	0.57%	0.04%	-2.9%	Q2 2025
RYRoyal Bank of Canada	$2.02M	0.56%	0.00%	New	Q4 2025
SRESempra	$2.01M	0.56%	0.00%	-2.9%	Q2 2020
APHAmphenol Corp	$1.98M	0.55%	0.00%	+13.8%	Q2 2025
AJGArthur J. Gallagher & Co.	$1.92M	0.54%	0.00%	-2.9%	Q2 2025
DHIHorton D R Inc	$1.88M	0.52%	0.00%	-2.8%	Q2 2025
WECWec Energy Group, Inc.	$1.79M	0.50%	0.01%	+26.0%	Q2 2020
CRMSalesforce, Inc.	$1.79M	0.50%	0.00%	-2.9%	Q2 2020

Q3 2025Reported Nov 24, 2025177 positions
NVDANvidia Corp	$41.2M	11.43%	0.00%	-2.8%	Q2 2020
MSFTMicrosoft Corp	$30.3M	8.41%	0.00%	-2.7%	Q2 2020
AVGOBroadcom Inc.	$18.4M	5.09%	0.00%	-2.4%	Q2 2025
AMZNAmazon Com Inc	$17.3M	4.78%	0.00%	-2.7%	Q2 2020
JPMJPMorgan Chase & Co	$12M	3.31%	0.00%	-2.7%	Q2 2025
GOOGLAlphabet Inc.	$11.2M	3.11%	0.00%	-2.7%	Q2 2025
GOOGAlphabet Inc.	$9.63M	2.67%	Not reported	-2.7%	Q2 2025
VVisa Inc.	$8.39M	2.32%	0.00%	-2.7%	Q2 2025
MAMastercard Inc	$7.47M	2.07%	0.00%	-2.7%	Q2 2025
RSGRepublic Services, Inc.	$6.74M	1.87%	0.01%	-14.3%	Q2 2020
BKRBaker Hughes Co	$6.61M	1.83%	0.01%	-29.9%	Q2 2025
SLBSLB Limited	$6.1M	1.69%	0.01%	+21.3%	Q2 2025
AWKAmerican Water Works Company, Inc.	$6.08M	1.69%	0.02%	+43.0%	Q2 2025
NEENextera Energy Inc	$5.97M	1.65%	0.00%	+35.3%	Q2 2020
MUMicron Technology Inc	$5.7M	1.58%	0.00%	+18.1%	Q2 2020
PGRProgressive Corp	$5.2M	1.44%	0.00%	-2.7%	Q2 2025
TRVTravelers Companies, Inc.	$5.06M	1.40%	0.01%	-2.7%	Q2 2025
ESEversource Energy	$4.93M	1.37%	0.02%	+8.9%	Q2 2020
IBKRInteractive Brokers Group, Inc.	$4.54M	1.26%	0.03%	-2.7%	Q2 2025
WCNWaste Connections, Inc.	$4.2M	1.16%	0.01%	-0.5%	Q2 2025
JNJJohnson & Johnson	$4.04M	1.12%	0.00%	-2.7%	Q2 2025
AMEAmetek Inc/	$4.04M	1.12%	0.01%	-2.6%	Q2 2025
TMOThermo Fisher Scientific Inc.	$3.9M	1.08%	0.00%	-2.7%	Q2 2025
BSXBoston Scientific Corp	$3.88M	1.07%	0.00%	-2.7%	Q2 2025
PANWPalo Alto Networks Inc	$3.87M	1.07%	0.00%	-2.7%	Q2 2020
AEEAmeren Corp	$3.6M	1.00%	0.01%	+11.3%	Q2 2020
EDConsolidated Edison Inc	$3.52M	0.97%	0.01%	+21.2%	Q2 2020
ADSKAutodesk, Inc.	$3.49M	0.97%	0.01%	-2.7%	Q2 2020
WMWaste Management Inc	$3.4M	0.94%	0.00%	-19.1%	Q2 2020
FISVFiserv Inc	$3.37M	0.93%	0.00%	-2.7%	Q2 2025
TDWTidewater Inc	$3.19M	0.88%	0.12%	+242.5%	Q2 2025
SPGIS&P Global Inc.	$3.1M	0.86%	0.00%	-2.7%	Q2 2020
CPAYCorpay, Inc.	$2.92M	0.81%	0.01%	-2.7%	Q2 2025
UNHUnitedhealth Group Inc	$2.91M	0.81%	0.00%	-35.5%	Q2 2025
MSMorgan Stanley	$2.87M	0.80%	0.00%	-2.7%	Q2 2025
BACBank of America Corp	$2.87M	0.80%	0.00%	-2.7%	Q2 2025
AMATApplied Materials Inc	$2.66M	0.74%	0.00%	-2.7%	Q2 2020
TTWOTake Two Interactive Software Inc	$2.61M	0.72%	0.01%	-2.7%	Q2 2025
PNWPinnacle West Capital Corp	$2.51M	0.70%	0.02%	+104.2%	Q2 2020
ARESAres Management Corp	$2.44M	0.68%	0.00%	0.0%	Q2 2025
TJXTJX Companies Inc	$2.44M	0.68%	0.00%	-2.7%	Q2 2020
AJGArthur J. Gallagher & Co.	$2.34M	0.65%	0.00%	-2.7%	Q2 2025
DHIHorton D R Inc	$2.25M	0.62%	0.00%	-2.6%	Q2 2025
CICigna Group	$2.22M	0.62%	0.00%	-30.1%	Q2 2025
WEXWEX Inc.	$2.22M	0.61%	0.04%	-2.7%	Q2 2025
PEPPepsico Inc	$2.09M	0.58%	0.00%	-2.7%	Q2 2025
SRESempra	$2.09M	0.58%	0.00%	-2.7%	Q2 2020
AMDAdvanced Micro Devices Inc	$2.05M	0.57%	0.00%	-2.7%	Q2 2020
ATRAptargroup, Inc.	$1.99M	0.55%	0.02%	-2.7%	Q2 2025
MRKMerck & Co., Inc.	$1.96M	0.54%	0.00%	-2.7%	Q2 2025

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