CIK: 0001724090
Total reported value
$460.6M
Reporting period: 2026-03-31 · Number of holdings: 101
Fulcrum Capital LLC disclosed 101 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $460.6M and a quarterly turnover rate of 14.9%.
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Fulcrum Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.034 — mathematically equivalent to about 30 equally-sized positions, well below its 101 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 1.56), 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.
Sector classification currently covers about 60% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim GOOGL
-20.0% -$8.3M
Add LRCX
-2.1% $3.0M
Add FTNT
+21.2% $2.8M
Trim MSFT
+8.3% -$6.4M
Add NFLX
+19.7% $2.6M
Trim ULTA
-28.2% -$4.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VO | Vanguard Mid-cap ETF | ETF-Other | 8.25% | +0.34% | -2.47% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 6.70% | -0.78% | +8.26% | |
| 3 | AAPL | Apple INC | Stock-Tech | 5.49% | -0.03% | -1.46% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.02% | -1.30% | -20.00% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.89% | -0.11% | +0.11% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 4.73% | -0.10% | -3.19% | |
| 7 | LRCX | Lam Research CORP | Stock-Tech | 3.54% | +0.86% | -2.09% | |
| 8 | TT | Trane Technologies plc | Stock-Industrials | 3.34% | +0.44% | -0.39% | |
| 9 | FTNT | Fortinet INC | Stock-Tech | 3.10% | +0.80% | +21.16% | |
| 10 | MA | Mastercard INC - A | Stock-Financials | 3.09% | -0.12% | +1.74% | |
| 11 | NFLX | Netflix INC | Stock-Comm Services | 2.99% | +0.73% | +19.74% | |
| 12 | CME | Cme Group INC | Stock-Financials | 2.76% | +0.36% | -1.63% | |
| 13 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.56% | -0.37% | -11.40% | |
| 14 | WM | Waste Management INC | Stock-Industrials | 2.45% | +0.28% | -0.21% | |
| 15 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 2.39% | +0.04% | +0.08% | |
| 16 | SPGI | S&p Global INC | Stock-Financials | 2.34% | +0.06% | +16.48% | |
| 17 | ADBE | Adobe INC | Stock-Tech | 1.90% | -0.65% | -0.79% | |
| 18 | LIN | Linde plc | Stock-Materials | 1.61% | +0.38% | +3.80% | |
| 19 | VRTX | Vertex Pharmaceuticals INC | Stock-Healthcare | 1.60% | +0.09% | -0.72% | |
| 20 | PEP | Pepsico INC | Stock-Consumer Staples | 1.60% | +0.22% | -1.01% | |
| 21 | ZTS | Zoetis INC | Stock-Healthcare | 1.59% | — | -1.87% | |
| 22 | XBI | Ss Spdr S&p Biotech ETF | ETF-Tech | 1.55% | +0.15% | -1.77% | |
| 23 | UBER | Uber Technologies INC | Stock-Industrials | 1.55% | +0.28% | +27.98% | |
| 24 | XYL | Xylem INC | Stock-Industrials | 1.54% | -0.07% | +0.68% | |
| 25 | FSLR | First Solar INC | Stock-Tech | 1.48% | -0.55% | -10.73% | |
| 26 | UNH | Unitedhealth Group INC | Stock-Healthcare | 1.47% | -0.22% | -1.70% | |
| 27 | INTU | Intuit INC | Stock-Tech | 1.44% | -0.56% | +1.93% | |
| 28 | ULTA | Ulta Beauty INC | Stock-Consumer Disc | 1.40% | -0.69% | -28.19% | |
| 29 | DHI | Dr Horton INC | Stock-Consumer Disc | 1.39% | +0.05% | +1.08% | |
| 30 | EOG | Eog Resources INC | Stock-Energy | 1.23% | +0.28% | -13.05% | |
| 31 | VUG | Vanguard Growth ETF | ETF-Other | 1.18% | +0.15% | +17.95% | |
| 32 | ABT | Abbott Laboratories | Stock-Healthcare | 1.08% | -0.14% | -0.65% | |
| 33 | JQUA | Jpmorgan US Quality Factor | ETF-Other | 1.02% | — | +1.99% | |
| 34 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.83% | -0.04% | -6.56% | |
| 35 | AMGN | Amgen INC | Stock-Healthcare | 0.76% | +0.10% | -0.91% | |
| 36 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.76% | -0.06% | -0.29% | |
| 37 | DXCM | Dexcom INC | Stock-Healthcare | 0.61% | — | +8.89% | |
| 38 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 0.55% | -0.16% | +2.26% | |
| 39 | PYPL | Paypal Holdings INC | Stock-Financials | 0.52% | -0.09% | +0.81% | |
| 40 | CVLC | Calvert US L-c Cr Resp Index | ETF-Large Cap & Growth | 0.48% | — | +8.63% | |
| 41 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.42% | — | — | |
| 42 | TTD | Trade Desk Inc/the -class A | Stock-Comm Services | 0.36% | -0.16% | +5.93% | |
| 43 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.35% | — | — | |
| 44 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.34% | — | -3.93% | |
| 45 | ECL | Ecolab INC | Stock-Materials | 0.31% | — | -0.40% | |
| 46 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.26% | — | -12.34% | |
| 47 | AWK | American Water Works Co INC | Stock-Utilities | 0.24% | — | +5.67% | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.23% | +0.04% | -4.31% | |
| 49 | WELL | Welltower INC | Stock-Real Estate | 0.19% | — | -1.12% | |
| 50 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.17% | — | — |
Performance for Q3 2026
+4.8%
Performance Last 4 Quarters
+19.6%
Based on 83% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 101 | $460.6M | 15 | |
| 2025-12-31 | 99 | $498.0M | 11 | |
| 2025-09-30 | 100 | $487.7M | 31 | |
| 2025-06-30 | 99 | $472.8M | 0 | |
| 2025-03-31 | 107 | $451.1M | 100 | |
| 2024-12-31 | 113 | $477.6M | 0 | |
| 2024-09-30 | 109 | $459.1M | 0 | |
| 2024-06-30 | 109 | $439.2M | 0 | |
| 2024-03-31 | 116 | $421.4M | 0 | |
| 2023-12-31 | 119 | $386.7M | 0 | |
| 2023-09-30 | 109 | $344.5M | 0 | |
| 2023-06-30 | 115 | $380.3M | 0 | |
| 2023-03-31 | 118 | $371.5M | 0 | |
| 2022-12-31 | 101 | $346.0M | 0 | |
| 2022-09-30 | 79 | $336.7M | 0 | |
| 2022-06-30 | 73 | $318.2M | 0 | |
| 2022-03-31 | 70 | $373.4M | 0 | |
| 2021-12-31 | 85 | $461.2M | 0 | |
| 2021-09-30 | 88 | $418.0M | 0 | |
| 2021-06-30 | 82 | $398.6M | 93 | |
| 2021-03-31 | 84 | $348.7M | 17 | |
| 2020-12-31 | 81 | $334.3M | 20 | |
| 2020-09-30 | 61 | $276.5M | 10 | |
| 2020-06-30 | 65 | $263.9M | 30 | |
| 2020-03-31 | 62 | $220.3M | 43 | |
| 2019-12-31 | 73 | $322.9M | 12 | |
| 2019-09-30 | 75 | $292.8M | 19 | |
| 2019-06-30 | 60 | $273.2M | 15 | |
| 2019-03-31 | 64 | $264.8M | 21 | |
| 2018-12-31 | 54 | $221.9M | 32 | |
| 2018-09-30 | 59 | $256.5M | 32 | |
| 2018-06-30 | 54 | $209.5M | 45 | |
| 2018-03-31 | 68 | $307.1M | 17 | |
| 2017-12-31 | 73 | $308.4M | 0 |
Fulcrum Capital LLC's most significant position changes for 2026-03-31: Sold out: Unilever PLC (UL); New buy: Unilever Plc-sponsored Adr (UL); New buy: Texas Instruments INC (TXN); Sold out: Ishares Russell 1000 Growth (IWF); New buy: Walmart INC (WMT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LRCX | Lam Research CORP | +0.9% | -2.09% | Trim |
| 2 | FTNT | Fortinet INC | +0.8% | +21.16% | Add |
| 3 | NFLX | Netflix INC | +0.7% | +19.74% | Add |
| 4 | TT | Trane Technologies plc | +0.4% | -0.39% | Trim |
| 5 | LIN | Linde plc | +0.4% | +3.80% | Add |
| 6 | CME | Cme Group INC | +0.4% | -1.63% | Trim |
| 7 | VO | Vanguard Mid-cap ETF | +0.3% | -2.47% | Trim |
| 8 | EOG | Eog Resources INC | +0.3% | -13.05% | Trim |
| 9 | UBER | Uber Technologies INC | +0.3% | +27.98% | Add |
| 10 | WM | Waste Management INC | +0.3% | -0.21% | Trim |
| 11 | PEP | Pepsico INC | +0.2% | -1.01% | Trim |
| 12 | VUG | Vanguard Growth ETF | +0.2% | +17.95% | Add |
| 13 | XBI | Ss Spdr S&p Biotech ETF | +0.2% | -1.77% | Trim |
| 14 | AMGN | Amgen INC | +0.1% | -0.91% | Trim |
| 15 | VRTX | Vertex Pharmaceuticals INC | +0.1% | -0.72% | Trim |
| 16 | SPGI | S&p Global INC | +0.1% | +16.48% | Add |
| 17 | DHI | Dr Horton INC | +0.1% | +1.08% | Add |
| 18 | EW | Edwards Lifesciences CORP | 0% | +0.08% | Add |
| 19 | COP | Conocophillips | 0% | +7.85% | Add |
| 20 | JNJ | Johnson & Johnson | 0% | -4.31% | Trim |
| 21 | ZTS | Zoetis INC | — | -1.87% | Trim |
| 22 | AVGO | Broadcom INC | 0% | -7.96% | Trim |
| 23 | ARES | Ares Management CORP - A | 0% | -3.44% | Trim |
| 24 | CVS | Cvs Health CORP | 0% | -19.93% | Trim |
| 25 | AAPL | Apple INC | 0% | -1.46% | Trim |
| 26 | IVV | Ishares Core S&p 500 ETF | 0% | -6.56% | Trim |
| 27 | LLY | Eli Lilly & Co | -0.1% | -0.29% | Trim |
| 28 | XYL | Xylem INC | -0.1% | +0.68% | Add |
| 29 | PYPL | Paypal Holdings INC | -0.1% | +0.81% | Add |
| 30 | NVDA | Nvidia CORP | -0.1% | -3.19% | Trim |
| 31 | AMZN | Amazon.com INC | -0.1% | +0.11% | Add |
| 32 | MA | Mastercard INC - A | -0.1% | +1.74% | Add |
| 33 | GOOG | Alphabet Inc-cl C | -0.1% | -43.66% | Trim |
| 34 | ABT | Abbott Laboratories | -0.1% | -0.65% | Trim |
| 35 | PINS | Pinterest Inc- Class A | -0.2% | +2.26% | Add |
| 36 | TTD | Trade Desk Inc/the -class A | -0.2% | +5.93% | Add |
| 37 | UNH | Unitedhealth Group INC | -0.2% | -1.70% | Trim |
| 38 | JPM | Jpmorgan Chase & Co | -0.4% | -11.40% | Trim |
| 39 | FSLR | First Solar INC | -0.6% | -10.73% | Trim |
| 40 | INTU | Intuit INC | -0.6% | +1.93% | Add |
| 41 | ADBE | Adobe INC | -0.7% | -0.79% | Trim |
| 42 | ULTA | Ulta Beauty INC | -0.7% | -28.19% | Trim |
| 43 | MSFT | Microsoft CORP | -0.8% | +8.26% | Add |
| 44 | GOOGL | Alphabet Inc-cl A | -1.3% | -20.00% | Trim |
| 45 | UL | Unilever PLC | — | EXIT | Sold out |
| 46 | UL | Unilever Plc-sponsored Adr | — | NEW | New buy |
| 47 | TXN | Texas Instruments INC | — | NEW | New buy |
| 48 | IWF | Ishares Russell 1000 Growth | — | EXIT | Sold out |
| 49 | WMT | Walmart INC | — | NEW | New buy |
| 50 | GSL | Global Ship Lease, Inc. | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-30 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-15 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-28 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-24 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-13 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-22 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-22 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-17 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-10 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-27 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-24 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-17 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-03 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-05 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-25 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-21 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-30 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-09 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-21 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-27 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-01 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-03 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-04 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-10-31 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-29 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-08 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-06 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-09 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-30 | 13F-HR | View on EDGAR |
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