CIK: 0001353395
Total reported value
$661.8M
Reporting period: 2026-03-31 · Number of holdings: 220
Fulcrum Asset Management LLP disclosed 220 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $661.8M and a quarterly turnover rate of 74.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "F"
Fulcrum Asset Management LLP's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 220 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.82), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
+19.0% -$3.6M
Trim NVDA
+36.2% $8.2M
Trim AVGO
+37.0% $2.7M
Add SLB
+339.5% $14.4M
Add WM
+369.0% $13.0M
Trim GOOG
+44.8% $3.5M
Showing top 200 holdings (of 220 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.41% | -3.96% | +36.24% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.81% | -4.20% | +18.96% | |
| 3 | DAR | Darling Ingredients INC | Stock-Consumer Staples | 3.34% | +3.34% | NEW | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.23% | — | +26.29% | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 3.19% | -1.92% | +36.98% | |
| 6 | HAL | Halliburton Co | Stock-Energy | 3.04% | +3.04% | NEW | |
| 7 | SLB | Slb LTD | Stock-Energy | 2.63% | +1.81% | +339.45% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.62% | -1.22% | +44.78% | |
| 9 | WM | Waste Management INC | Stock-Industrials | 2.47% | +1.53% | +369.05% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.08% | — | +12.22% | |
| 11 | NEE | Nextera Energy INC | Stock-Utilities | 2.02% | +0.60% | +128.55% | |
| 12 | RSG | Republic Services INC | Stock-Industrials | 2.01% | +0.29% | +108.33% | |
| 13 | LBRT | Liberty Energy INC | Stock-Energy | 1.86% | +1.86% | NEW | |
| 14 | PUMP | Propetro Holding CORP | Stock-Other | 1.83% | +1.83% | NEW | |
| 15 | ✓ | Trane Technologies PLC | Stock-Other | 1.70% | +1.70% | NEW | |
| 16 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.65% | — | +4.24% | |
| 17 | PTEN | Patterson-uti Energy INC | Stock-Energy | 1.57% | +1.57% | NEW | |
| 18 | WHD | Cactus INC - A | Stock-Other | 1.57% | +1.57% | NEW | |
| 19 | CF | Cf Industries Holdings INC | Stock-Materials | 1.52% | +1.52% | NEW | |
| 20 | HP | Helmerich & Payne | Stock-Energy | 1.48% | +1.48% | NEW | |
| 21 | DVN | Devon Energy CORP | Stock-Energy | 1.41% | +1.41% | NEW | |
| 22 | GPRE | Green Plains INC | Stock-Other | 1.36% | +1.36% | NEW | |
| 23 | NOV | Nov INC | Stock-Energy | 1.22% | +1.22% | NEW | |
| 24 | WCN | Waste Connections INC | Stock-Industrials | 1.19% | +0.05% | +106.98% | |
| 25 | PBF | Pbf Energy Inc-class A | Stock-Energy | 1.16% | +1.16% | NEW | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 1.13% | — | +4.69% | |
| 27 | FTI | TechnipFMC plc | Stock-Energy | 1.10% | +1.10% | NEW | |
| 28 | NTR | Nutrien LTD | Stock-Materials | 1.06% | +0.96% | +1464.46% | |
| 29 | MU | Micron Technology INC | Stock-Tech | 1.04% | — | -26.62% | |
| 30 | MA | Mastercard INC - A | Stock-Financials | 1.00% | — | +4.51% | |
| 31 | APH | Amphenol Corp-cl A | Stock-Tech | 0.96% | +0.41% | +264.69% | |
| 32 | DINO | Hf Sinclair CORP | Stock-Energy | 0.91% | +0.91% | NEW | |
| 33 | ✓ | Travelers Cos Inc/the | Stock-Other | 0.84% | +0.84% | NEW | |
| 34 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.84% | — | +8.01% | |
| 35 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.83% | +0.57% | +432.93% | |
| 36 | BKR | Baker Hughes Co | Stock-Energy | 0.81% | — | -22.71% | |
| 37 | PSX | Phillips 66 | Stock-Energy | 0.77% | +0.77% | NEW | |
| 38 | KGC | Kinross Gold CORP | Stock-Materials | 0.76% | +0.55% | +550.04% | |
| 39 | ES | Eversource Energy | Stock-Utilities | 0.68% | — | +3.77% | |
| 40 | CVX | Chevron CORP | Stock-Energy | 0.68% | +0.68% | NEW | |
| 41 | AME | Ametek INC | Stock-Industrials | 0.68% | — | +3.78% | |
| 42 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 0.67% | — | +8.23% | |
| 43 | CLH | Clean Harbors INC | Stock-Industrials | 0.66% | +0.23% | +136.79% | |
| 44 | NBR | Nabors Industries Ltd. | Stock-Other | 0.65% | +0.65% | NEW | |
| 45 | PGR | Progressive CORP | Stock-Financials | 0.65% | — | +3.68% | |
| 46 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.63% | +0.63% | NEW | |
| 47 | RGLD | Royal Gold INC | Stock-Materials | 0.63% | +0.63% | NEW | |
| 48 | OSK | Oshkosh CORP | Stock-Industrials | 0.63% | +0.63% | NEW | |
| 49 | AMAT | Applied Materials INC | Stock-Tech | 0.63% | — | +1.89% | |
| 50 | AA | Alcoa CORP | Stock-Materials | 0.63% | +0.63% | NEW |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
+27.2%
Based on 72% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 220 | $661.8M | 74 | |
| 2025-12-31 | 182 | $359.4M | 14 | |
| 2025-09-30 | 178 | $360.7M | 19 | |
| 2025-06-30 | 183 | $350.5M | 91 | |
| 2025-03-31 | 205 | $516.1M | 100 | |
| 2024-12-31 | 16 | $21.4M | 0 | |
| 2024-09-30 | 19 | $43.6M | 0 | |
| 2024-06-30 | 16 | $32.1M | 0 | |
| 2022-03-31 | 225 | $343.1K | 0 | |
| 2021-12-31 | 212 | $204.7K | 0 | |
| 2021-09-30 | 187 | $202.4K | 0 | |
| 2021-06-30 | 154 | $238.4K | 79 | |
| 2021-03-31 | 181 | $155.9K | 100 | |
| 2020-12-31 | 142 | $295.7K | 100 | |
| 2020-09-30 | 123 | $166.3K | 100 | |
| 2020-06-30 | 144 | $298.2M | 0 |
Fulcrum Asset Management LLP's most significant position changes for 2026-03-31: New buy: Darling Ingredients INC (DAR); New buy: Halliburton Co (HAL); New buy: Liberty Energy INC (LBRT); New buy: Propetro Holding CORP (PUMP); New buy: Trane Technologies PLC.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SLB | Slb LTD | +1.8% | +339.45% | Add |
| 2 | WM | Waste Management INC | +1.5% | +369.05% | Add |
| 3 | NTR | Nutrien LTD | +1% | +1464.46% | Add |
| 4 | NEE | Nextera Energy INC | +0.6% | +128.55% | Add |
| 5 | AEM | Agnico Eagle Mines LTD | +0.6% | +432.93% | Add |
| 6 | KGC | Kinross Gold CORP | +0.6% | +550.04% | Add |
| 7 | APH | Amphenol Corp-cl A | +0.4% | +264.69% | Add |
| 8 | IAG | Iamgold CORP | +0.3% | +674.97% | Add |
| 9 | RSG | Republic Services INC | +0.3% | +108.33% | Add |
| 10 | CLH | Clean Harbors INC | +0.2% | +136.79% | Add |
| 11 | CTVA | Corteva INC | +0.2% | +290.65% | Add |
| 12 | TDW | Tidewater INC | +0.1% | +35.86% | Add |
| 13 | WCN | Waste Connections INC | +0.1% | +106.98% | Add |
| 14 | RY | Royal Bank Of Canada | -0.6% | -99.97% | Trim |
| 15 | ARES | Ares Management CORP - A | -0.6% | -67.19% | Trim |
| 16 | AEE | Ameren Corporation | -1% | -80.43% | Trim |
| 17 | GOOG | Alphabet Inc-cl C | -1.2% | +44.78% | Add |
| 18 | AVGO | Broadcom INC | -1.9% | +36.98% | Add |
| 19 | NVDA | Nvidia CORP | -4% | +36.24% | Add |
| 20 | MSFT | Microsoft CORP | -4.2% | +18.96% | Add |
| 21 | DAR | Darling Ingredients INC | — | NEW | New buy |
| 22 | HAL | Halliburton Co | — | NEW | New buy |
| 23 | LBRT | Liberty Energy INC | — | NEW | New buy |
| 24 | PUMP | Propetro Holding CORP | — | NEW | New buy |
| 25 | ✓ | Trane Technologies PLC | — | NEW | New buy |
| 26 | PTEN | Patterson-uti Energy INC | — | NEW | New buy |
| 27 | WHD | Cactus INC - A | — | NEW | New buy |
| 28 | CF | Cf Industries Holdings INC | — | NEW | New buy |
| 29 | HP | Helmerich & Payne | — | NEW | New buy |
| 30 | DVN | Devon Energy CORP | — | NEW | New buy |
| 31 | GPRE | Green Plains INC | — | NEW | New buy |
| 32 | NOV | Nov INC | — | NEW | New buy |
| 33 | PBF | Pbf Energy Inc-class A | — | NEW | New buy |
| 34 | FTI | TechnipFMC plc | — | NEW | New buy |
| 35 | DINO | Hf Sinclair CORP | — | NEW | New buy |
| 36 | ✓ | Travelers Cos Inc/the | — | NEW | New buy |
| 37 | TRV | Travelers Cos Inc/the | — | EXIT | Sold out |
| 38 | PSX | Phillips 66 | — | NEW | New buy |
| 39 | CVX | Chevron CORP | — | NEW | New buy |
| 40 | NBR | Nabors Industries Ltd. | — | NEW | New buy |
| 41 | MPC | Marathon Petroleum CORP | — | NEW | New buy |
| 42 | RGLD | Royal Gold INC | — | NEW | New buy |
| 43 | OSK | Oshkosh CORP | — | NEW | New buy |
| 44 | AA | Alcoa CORP | — | NEW | New buy |
| 45 | RES | Rpc INC | — | NEW | New buy |
| 46 | BTU | Peabody Energy CORP | — | NEW | New buy |
| 47 | VLO | Valero Energy CORP | — | NEW | New buy |
| 48 | DNOW | Dnow INC | — | NEW | New buy |
| 49 | AGI | Alamos Gold Inc-class A | — | NEW | New buy |
| 50 | HCC | Warrior Met Coal INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | Amendment | View on EDGAR |
| 2025-12-31 | 2026-02-03 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-24 | Amendment | View on EDGAR |
| 2025-09-30 | 2025-11-18 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-11-24 | Amendment | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-24 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-03 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-10 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-03-24 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-19 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-13 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-07-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-21 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-21 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0002055816
Total reported value
$661.5M
170 stks
2026-06-30
AUM within 0.0% of this institution
CIK 0001938757
Total reported value
$661.5M
137 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001833780
Total reported value
$661.3M
204 stks
2025-09-30
Stale — no recent filing
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0000053417
Total reported value
$145.4B
780 stks
2026-03-31
4 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000080255
Total reported value
$864.9B
4,549 stks
2026-03-31
4 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000102909
Total reported value
$6.9T
17,686 stks
2025-12-31
Stale — no recent filing
4 of the top 5 holdings overlap, including Nvidia CORP